Bearish engulfing pattern & closed below falling trend line resistance. This candle high to be taken out on DCB for further up move. On the flip side 17245_17390 is the next support zone & 16660_16795 will be the next big support zone
DJIA breached the falling trendline resistance & 50 WMA but can't hold above it & formed shooting star. Last week high should be taken out for further upmove & downside important zone to watch is 32940_33300
#BTC UPDATE 3 :
In 1W TF Remember properly i discussed this market cycle, According to stan Weinstein Theory that for an actual mark of phase first we need a proper capitulation phase we are expecting further capitulation phase or range bound mark of phase and then actually move makes a lot of sence.
CAMS is forming a Symmetrical pattern in daily timeframe and is currently at an important support.
A trade can be taken if it breaks out of the triangle formation or if it sustains any of the supports mentioned in the chart.
Keep an eye on the price movement next week, a trade can be taken once a confirmation is received. Will provide further update on this...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8140).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MATICUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.749).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEARUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Devyani International looks good to buy at current levels 145 - 140 and add more if get around 130 for the marked targets on the chart.
This is an investment stock to hold for the mid-long term.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (9.727).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Adani Power has broken the previous top and if sustains above 355 we expect to see 385 and 405 in upcoming sessions.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3121).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FTMUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.02849).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
NSE:BANKNIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle...
NSE:NIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
Repco Home : NSE:REPCOHOME
Pattern : Volume & Price Breakout on Daily Charts
The Market for Repco Home has been consolidation on Upper limits since last few days which has taken a massive breakout today on Daily Charts. It has potential to extend this upside up to the levels of 180 in coming sessions. Below 137 upward trend may neutralize again .
...
NSE:BANKNIFTY
Trade Setup for 19-08-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 19/08/2022 [INTRADAY]](https://s3.tradingview.com/3/3a6YY1bR_mid.png "Simple Trade Setup | BANKNIFTY | 19/08/2022 [INTRADAY]")
