BANK NIFTY INTRADAY LEVELS FOR 11/11/2024BUY ABOVE - 51800
SL - 51500
TARGETS - 52060,52230,52450
SELL BELOW - 51500
SL - 51800
TARGETS - 51250,51060,50900
NO TRADE ZONE - 51500 to 51800
Previous Day High - 52060
Previous Day Low - 51500
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Contains image
#BANKNIFTY - 11 NOVEMBER !!NSE:BANKNIFTY
#NIFTYBANK ⚡
Observe, understand, then implement 👍🏻
Strategy name : Higher Highs and Higher Lows
This strategy is commonly used in trending markets to identify potential buy opportunities during an uptrend.
Key Components of the Strategy:
1. Higher Highs and Higher Lows: In an uptrend, price action creates successive peaks (higher highs) and troughs (higher lows). These are signals of bullish momentum, where buyers are consistently pushing prices higher.
2. Trend Channel: The image shows a channel formed by connecting the higher lows with a trendline (lower boundary) and higher highs with another trendline (upper boundary). This channel helps traders identify the price range within which the trend is moving.
3. Entry Points:
- The strategy suggests buying near the trendline at each higher low, which represents a potential support area within the trend. In the image, these points are marked as "BUY" or "ENTRY."
- Buying near these higher lows increases the chance of entering trades at favorable prices during pullbacks in the uptrend.
4. Profit Targets:
- Profit targets are set near the upper trendline or at subsequent higher highs. In the image, these points are marked as "PROFITS" with checkmarks.
- This method helps traders secure profits as the price reaches the higher end of the channel.
Managing the Trade:
- After the first entry and a successful profit, traders can re-enter the market on the next pullback to a higher low.
- Stop losses are typically placed below the previous higher low to manage risk in case the trend reverses.
Summary:
This strategy aims to capture gains in a trending market by entering trades at higher lows and exiting near higher highs within a channel. It works well in a stable, consistent uptrend but requires careful monitoring of trend changes to avoid potential losses if the trend breaks down.
Ps note : I'm not SEBI Registere 🙏🏻
Any queries @thetradeforecast 🇮🇳
NIFTY INTRADAY LEVELS FOR 11/11/2024BUY ABOVE - 24180
SL - 24100
TARGETS - 24250,24340,24420
SELL BELOW - 24100
SL - 24180
TARGETS - 24030,23930,23800
NO TRADE ZONE - 24100 to 24180
Previous Day High - 24250
Previous Day Low - 24100
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nifty Intraday Analysis for 11th November 2024NSE:NIFTY
Index closed near 24150 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24200 Strike – 32.04 Lakh
24000 Strike – 29.78 Lakh
23800 Strike – 24.07 Lakh
Put Writing
24500 Strike – 60.80 Lakh
24200 Strike – 43.99 Lakh
24400 Strike – 35.00 Lakh
Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.
Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
Bitcoin (BTC): technical and fundamental analysis📈 Technical analysis BTC/USDT
The Bitcoin price has reached a new all-time high (ATH) following Donald Trump's victory in the U.S. presidential election. This price movement has fully validated the scenario outlined in our previous analysis. Now we expect a correction of the latest growth wave in the near future. Key targets for this correction could initially be the dynamic support levels at EMA 50 and EMA 200. The first 1H Imbalance zone is near EMA 50, where gaps on the horizontal volume levels need to be filled through trading consolidations. If sellers manage to push through the 70,000 support level, where the EMA 200 line also lies, we anticipate the start of a full correction of the November growth. In this scenario, the price may drop to the next 4H Imbalance zone, situated between the 0.61 and 0.78 Fibonacci retracement levels, where corrections typically conclude and a reversal occurs.
For BTC to continue its upward trend, it needs to surpass the 77,000 level, which would open the path for a test of the significant resistance block at 80,000.
📉 Bitcoin market global analysis
On the daily logarithmic chart, it’s crucial for Bitcoin’s price to hold above the 70,000 level with a weekly close to support continued growth. Otherwise, BTC may face a correction. This is further indicated by the beginning of a divergence on the RSI indicator, which has been in the extreme overbought zone for an extended period.
What are Bitcoin’s long-term growth targets?
Above the current ATH, there are no resistance levels based on historical data. To determine growth targets, we’ll rely on trend lines, Fibonacci extension levels, analysis of large order block clusters in order books, and, of course, indicators.
According to the MVRV Deviation Pricing Bands indicator, the next target for Bitcoin is 85,000, where the first Fibonacci extension level of 1.23 is also located. In the 90,000 - 100,000 range lies a global trend line constructed from the peaks of Bitcoin’s previous two cycles, aligning with the 1.38 Fibonacci extension level. The highest trend line, situated between the 1.61 and 1.78 Fibonacci levels, could be tested starting from the 100,000 level.
💠 Analysis of liquidity zones and levels
The Fear and Greed Index is in the Greed Zone - 75.
The total capitalization of the cryptocurrency market has grown to $2,531 billion, and the Bitcoin Dominance Index has increased to 59.73.
According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 77,000 and 80,000, and the supply and demand zones are located at the following levels:
🟢 Demand zone: 50,000 - 70,000
🔴 Supply zone: 80,000 - 90,000
Levels for long positions:
70,000 - psychological support level
65,000 - large support block
60,000 - large support block
Levels for short positions:
77,000 - large resistance block
80,000 - largest resistance block
90,000 - 100,000 - ascending trend line of resistance
📊 Fundamental analysis
Bitcoin-Based Spot ETFs Set a New Record. On November 7th, Bitcoin (BTC) spot ETFs reached a new milestone, attracting $1.38 billion in a single day—the largest daily inflow since their launch in January. This record-breaking inflow was fueled by Donald Trump's victory in the U.S. presidential election, as many investors believe his re-election will positively impact the crypto industry. Another factor driving Bitcoin’s growth was the recent decision by the U.S. Federal Reserve (Fed), which lowered the key interest rate by 25 basis points during its latest meeting.
What Changes Are Expected in the Crypto Community After Donald Trump's Victory:
- Bitcoin could become one of the strategic reserve assets of the U.S.;
- Token classification systems may change, with most cryptocurrencies likely to be considered commodities rather than securities;
- Crypto investors might enter the market more actively;
- Banks could gain more freedom to provide services to crypto startups and interact openly with the crypto industry;
- Spot exchange-traded funds (ETFs) based on Solana (SOL).
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ 11/13, 4:30 PM - US Consumer Price Index (CPI) for October.
➤ 11/14, 11:00 PM - Fed Chairman Jerome Powell's speech.
➤ 11/27, 4:30 PM - GDP data (q/q) (Q3).
➤ 12/18, 9:00 PM - New Fed interest rate decision.
➤ 01/29/2025, 9:00 PM - New Fed interest rate decision.
📈 Statistics of signals from our AI trading indicator:
In October 2024, the Bitcoin price continued to recover its positions, thanks to positive expectations from the US elections and further reduction in the key interest rate of the Fed.
Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. 😎
Total price movement by all signals: + 41.89%
Maximum price movement: + 13.77%
Average price movement: + 7.58%
In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
Nifty Intraday Analysis for 12th November 2024NSE:NIFTY
Index closed near 24140 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 72.55 Lakh
24300 Strike – 47.91 Lakh
24200 Strike – 45.80 Lakh
Put Writing
24000 Strike – 39.91 Lakh
24200 Strike – 34.10 Lakh
24100 Strike – 27.49 Lakh
Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.
Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
Jammu & Kashmir Bank - Breakout of downward channelJ&K bank is the hidden gym in Banking sector. I am super bullish on J&K bank on account of following:
1. Increasing top-line from last 13 quarters
2. Best TTM results
3. Asset quality increasing quarter on quarter
4. Currently at 52 week low - every time it hits 52 week low, it moves to 52 week high
5. Break out of downward channel
Amazing Value Buy - Given market conditions, it may spend time / move toward support - Must to have in your portfolio - 20%- 50% rise.
Keep following @cleaneasycharts as we provide Right Stock, at Right time, at Right Price!!!!
3Rs = cleaneasycharts recommendation.
Cheers!!
Adani Ent. Future Weekly Technical Analysis for 11-15 November🚀 Unlock the potential with my #AdaniEnt Weekly Technical Analysis for 11-15 November, 2024!
✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️
📍 Range Trigger Point: 2932
📅 Weekly Range: 225
📈 Long Position
🔹 Buy Above: 3003
📊 Average Position: 2977
🎯 Target 1: 3071
🎯 Target 2: 3157
⛔ Stoploss: 2928
📉 Short Position
🔹 Sell Below: 2950
🎯 Target 1: 2793
🎯 Target 2: 2707
⛔ Stoploss: 3025
At Numro Trader, I use over 6 years of research to provide clear intraday and weekly levels for trading. I look at the charts from the previous day to understand what buyers and sellers are doing. By studying candlestick patterns, trading volume, and other clues, I can identify the best price ranges, entry points, timing, and reasonable stop-loss levels. I focus on key markets like Nifty50, Bank Nifty, Fin Nifty, Crude Oil, Gold, and Copper. Follow and connect with me to see how these strategies can improve your trading results! 📈✨
#AdaniEnt #AdaniEnterprises #AdaniFutures #StockMarket #TradingSignals #WeeklyTrading #NSE #NumroTrader
Reliance Future Weekly Technical Analysis for 11-15 November🚀 Unlock the potential with my #Reliance Weekly Technical Analysis for 11-15 November, 2024!
✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ Read footer note to know how I derive these levels.
📍 Range Trigger Point: 1288
📅 Weekly Range: 60
📈 Long Position
🔹 Buy Above: 1321
📊 Average Position: 1314
🎯 Target 1: 1326
🎯 Target 2: 1349
⛔ Stoploss: 1301
📉 Short Position
🔹 Sell Below: 1307
🎯 Target 1: 1251
🎯 Target 2: 1228
⛔ Stoploss: 1327
✨ With over 6 years of research and backtested strategies, I provide clear intraday and positional trading levels for indices such as Nifty50, Bank Nifty, Fin Nifty, and Mid-Cap Nifty, along with commodities like Crude Oil, Natural Gas, Gold, Silver, Copper, and Zinc in both US and MCX markets.
My analysis is based on the position of buyers and sellers on previous day's technical charts. By studying candlestick patterns, trading volume, indicator confirmations, and other such important signals, I can identify the best price ranges, entry points, timing, and appropriate stop-loss levels.
I teach a specific trading approach based on live market confirmations to make the most of these levels. Follow and connect with me to learn how to effectively implement these strategies and improve your trading results! 📈
#Reliance #RelianceIndustries #RelianceFutures #RelianceTechnicalAnalysis #StockMarket #TradingSignals #WeeklyTrading #NSE #NumroTrader
Nifty Intraday Analysis for 08th November 2024NSE:NIFTY
Index closed near 24200 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 53.54 Lakh
24200 Strike – 30.15 Lakh
24400 Strike – 24.48 Lakh
Put Writing
24200 Strike – 27.03 Lakh
23500 Strike – 24.51 Lakh
24000 Strike – 23.55 Lakh
Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.
Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
Consolidation Breakout Potential with Strong EarningsAnalysis:
Cummins India has been in a consolidation phase over the past three months, building a solid base. Today, the company reported its quarterly results, showing a significant profit increase of approximately 36%, which indicates strong fundamentals and could trigger an upside breakout. This setup makes the stock appealing for a short swing trade to capture any breakout momentum fueled by positive earnings.
Technical Setup:
Pattern: Three-month consolidation base
Catalyst: Strong quarterly earnings with a 36% profit increase
Expected Move: Potential breakout from consolidation on positive sentiment
Trade Plan:
Entry: On breakout above consolidation resistance, preferably with volume
Target: Short-term swing based on previous resistance or measured move
Stop Loss: Below the consolidation support level
Note: Positive earnings could provide the push needed for a breakout, offering a short swing opportunity to capitalize on potential bullish momentum.
🔒 Disclaimer: This post is for educational purposes only. We hold no liability for any profit or loss incurred from trading or investing based on this information. Always conduct your own research or consult a financial advisor.
Why PRO takes losses and everybody else LOSESTrading isn’t just about making gains—it's about managing losses like a professional. Here are some ideas on what separates amateurs from seasoned traders and how you can elevate your mindset:
Shift from Emotion to Execution:
Pros don't get attached to trades. They let data guide decisions, not emotions. Instead of celebrating a win or stressing over a loss, they focus on consistent execution. Tip: Try setting specific exit rules before you enter a trade, so you’re never swayed by market noise.
Embrace Small Losses to Avoid Big Ones:
Losing trades are inevitable, but pros keep them small. Amateurs sometimes hold onto losses, hoping they’ll recover, while pros cut losses early. Tip: Adopt a strict risk-reward ratio and stick to it. Think of it as a way to protect your capital for future trades.
Every Loss is a Lesson:
Professionals look at every losing trade as data, not failure. They analyze it: Was there an overlooked signal? Did the market behave unexpectedly? They use losses to refine strategies. Tip: Keep a trading journal. Record wins and losses along with your thought process. Patterns will emerge over time.
See Trading as a Business:
For pros, trading isn’t gambling; it’s a business. They’re less concerned with each individual trade and more focused on their overall strategy and risk management. Tip: Calculate your monthly performance, not just individual trades. Aim for consistent, steady growth.
Stay Calm During Drawdowns:
Market conditions change, and even the best traders experience drawdowns. It’s about staying in control, sticking to your plan, and trusting your process. Tip: Take a break if emotions start taking over. Sometimes stepping away can be the best decision you make.
Remember: Trading is a journey, not a sprint. It’s not about winning every trade but about thinking long-term, focusing on learning, and developing resilience. Keep pushing forward, keep learning, and most importantly, keep trading smart!
BANK NIFTY INTRADAY LEVELS FOR 08/11/2024BUY ABOVE - 52060
SL - 51740
TARGETS - 52230,52450,52600
SELL BELOW - 51740
SL - 52060
TARGETS - 51500,51250,50900
NO TRADE ZONE - 51740 to 52060
Previous Day High - 52450
Previous Day Low - 51740
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 08/11/2024BUY ABOVE - 24250
SL - 24170
TARGETS - 24340,24420,24500
SELL BELOW - 24170
SL - 24250
TARGETS - 24050,23930,23800
NO TRADE ZONE - 24170 to 24250
Previous Day High - 24500
Previous Day Low - 24170
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
TIGER LOGISTICS INDIA LTDUndervalued Stock of the Day
Today's pick for a super undervalued stock is:
1.Tiger Logistics India Ltd.
This stock is showing strong potential from a valuation perspective.
If you're interested in undervalued opportunities, this might be one to keep on your radar!
Feel free to share any thoughts or feedback if you're tracking this one.