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CRUDEOIL TRIANGLE PATTERN - BREAKOUT UPSIDE?Crude Oil Update (4-Hour Timeframe) Chart Analysis Pattern in Formation: Crude oil is currently in the process of forming a triangle pattern. A breakout on either side could present a potential upside or downside movement. Above 6340 = bullish move 📈 Below 6270 = bearish move 📉 Fundamental Outlook: Keep an eye on the Core PPI data at 6 PM, as it could heavily influence the next price direction. Risk Management: Set stop-loss orders to protect your position in case of unexpected volatility. Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. IF THIS WILL HELP YOU, PLEASE LIKE THE POST ❤️
MCX:CRUDEOIL1!Long
by Shalvisharma5
Nifty Intraday Analysis for 11th October 2024NSE:NIFTY Index closed near 25000 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 39.93 Lakh 25500 Strike – 32.55 Lakh 25200 Strike – 29.59 Lakh Put Writing 25000 Strike – 46.75 Lakh 24900 Strike – 19.80 Lakh 25100 Strike – 15.98 Lakh Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range. Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:NIFTY
by RKMAURYA
Arvind Fashion - 2 Cup & Handle Patterns!!Arvind Fashion has given breakout of Cup & Handle pattern on weekly time frame. If you observe there is a smaller cup and handle pattern as well in the larger cup & handle pattern. We can see price moving towards our targets of 560-685-950+. Other factors: 1. Weekly volume is great 2. RSI is +ive 3. Fundamentally company is doing great - from loss making to profit making, new stores, etc. Keep following Cleaneasycharts - Right Stock at Right Time at Right Price!!! Cheers!!!
NSE:ARVINDFASNLong
by Cleaneasycharts
3
Parag Milk Foods - Trend Line BO & CUP & Handle in formation Parag Milk Foods is one of the few listed companies in milk space. With strong presence in Cheese & Ghee segment, this stock should give fabulous returns. Other factors: 1. Weekly trend-line Breakout 2. Cup & Handle Formation on weekly time frame 3. Volumes are steady 4. Price is respecting 20 EMA 5. Future growth prospects looking good. Keep following @Cleaneasycharts as we provide - Right Stock at Right Time at Right Price !! Cheers!!!
NSE:PARAGMILKLong
by Cleaneasycharts
Bank Nifty Analysis for TomorrowBank Nifty Analysis for 11/10/2024 Market Outlook: I expect a flat to slightly gap-down opening tomorrow. Key Levels: - Crucial Level: - 51,270 - Support Levels: - 51,400 - 51,270 - 51,040 - Resistance Levels: - 51,650 - 51,800 Trading Strategy: - Long Position: - If Bank Nifty opens around 51,400, I will take a long trade targeting 51,650 and 51,800. - If it drops to 51,270, I will average my position for a long trade, targeting 51,400 and 51,650. - Short Position: - If Bank Nifty sustains below 51,270 for 15 minutes, it will indicate a clear short trade with targets at 51,040 and 50,800.
NSE:BANKNIFTY
by SkyTradingZone
Nifty Intraday Analysis for 10th October 2024NSE:NIFTY Index closed near 24980 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 121.02 Lakh 25200 Strike – 83.21 Lakh 25300 Strike – 75.18 Lakh Put Writing 24500 Strike – 24.98 Lakh 25000 Strike – 48.72 Lakh 24800 Strike – 43.97 Lakh Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range. Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:NIFTY
by RKMAURYA
Tata Power- Green energy play - Buy Above 470. SL- 440Tata Powe r seeks over 3 GW of wind turbines for its hybrid energy facilities, with potential orders exceeding Rs 21,000 crore. Company aims for 20 GW capacity by 2030, as Tata Power shifts towards 100% clean energy by FY45. If you observe the stock consolidated for 6/8 months and gave a darvax box breakout. The stock is now retesting from the same levels. One can enter above 470 for targets of 530/600/650 with stop loss of 440 Disclaimer : Please do not treat this as Buy/Sell Recommendation Show Some Love - If you like please boost this post.
NSE:TATAPOWER
by jain_geetesh
Nifty Intraday Analysis for 09th October 2024NSE:NIFTY Index closed near 25015 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 74.85 Lakh 25200 Strike – 57.99 Lakh 25000 Strike – 51.68 Lakh Put Writing 25000 Strike – 44.03 Lakh 24500 Strike – 43.71 Lakh 24800 Strike – 31.21 Lakh Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range. Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:NIFTY
by RKMAURYA
Nifty Intraday Analysis for 08th October 2024NSE:NIFTY Index closed near 24795 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 68.80 Lakh 25000 Strike – 48.35 Lakh 25200 Strike – 41.66 Lakh Put Writing 24500 Strike – 34.14 Lakh 25000 Strike – 25.91 Lakh 24800 Strike – 24.78 Lakh Index has resistance near 25000 – 25100 range and if index crosses and sustains above this level then may reach near 25300 - 25400 range. Index has immediate support near 24600 – 24500 range and if this support is broken then index may tank near 24300 – 24200 range.
NSE:NIFTY
by RKMAURYA
Reliance Industries Ltd. ( potential to break all time high) Sector: Oil Exploration and Production WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in HTF demand zone ( previous resistance) with RSI bullish divergence and bollinger band lower band support in DAILY TF. LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support. on DAILY TF RSI N BOLLINGER BAND also support the IDEA... price may face resistance at 2975-3050 as DAILY supply zone as well as HTF supply zone.... on the other hand PA moves against our anticipation, 2700 level on DAILY closing basis act as stop loss... so keep in mind and plan your trade accordingly... Who's gonna trade with me for this trade IDEA let me know.....
NSE:RELIANCELong
by RISINGSTONE
2
Bitcoin (BTC): technical and fundamental analysis📈 Technical analysis BTC/USDT Bitcoin started the new trading week with growth. After a corrective wave down to the 0.5 Fibonacci level, triggered by the escalation of the conflict between Iran and Israel, BTC has managed to hold above the EMA 200 and EMA 50 lines. Today, the price is retesting the nearest resistance block at $64,000 - $65,000, and the outcome of this retest will determine the direction of BTC's next move. If the price can hold above this level, we expect an upward move towards a test of the upper boundary of the descending price channel, where Bitcoin has been trading for the past 7 months. On the other hand, if BTC fails to break through, the price could continue its correction towards the 0.78 Fibonacci level, where it would test the descending trendline support near the major support block at $56,000 - $57,000. This scenario may unfold if the conflict in the Middle East escalates. 📉 Bitcoin market global analysis On the daily logarithmic chart, Bitcoin's price has been moving within a descending price channel for 7 months. The descending wedge pattern is typically a bullish corrective figure. Holding above the 200-day moving average suggests a strong likelihood of BTC breaking out of the price channel upwards, barring any disruptive fundamental factors like the escalation of conflict in the Middle East. This breakout would pave the way for a test of the major resistance block at $70,000. If BTC can hold above this level, it is likely to surpass its current all-time high (ATH). Beyond the current ATH, there are no significant historical resistance levels. To identify growth targets, we will use trendlines, Fibonacci extension levels, and analyze clusters of large order blocks in exchange order books. The first Fibonacci extension level, 1.23, is at $80,000. In the $90,000 - $100,000 range, there's a global trendline based on the peaks of Bitcoin’s previous two cycles, along with the 1.38 Fibonacci extension level. The highest trendline, corresponding to the 1.61 - 1.78 Fibonacci levels, may be tested starting from $100,000. 💠 Analysis of liquidity zones and levels The Fear and Greed Index is in the neutral zone - 50. The total capitalization of the cryptocurrency market has grown to $2188 billion, and the Bitcoin Dominance Index has increased to 58.11. According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 50,000 and 70,000, and the supply and demand zones are located at the following levels: 🟢 Demand zone: 50,000 - 60,000 🔴 Supply zone: 70,000 - 80,000 Levels for long positions: 60,000 - large support block 57,000 - support trend line 52,000 - large support block Levels for short positions: 65,000 - large resistance block 65,000 - downward resistance trend line 70,000 - large resistance block 80,000 - large resistance block 📊 Fundamental analysis Bitcoin started the new week with a rise. Investors had previously attributed BTC's recent negative trend to the escalation of the conflict between Iran and Israel. However, this early-week growth has rekindled the hopes of the crypto community for a new all-time high (ATH) this year. Several fundamental factors could contribute to Bitcoin's price surge: - The U.S. Federal Reserve’s potential decision to lower the key interest rate. - China’s plans to support its banking sector with a $142 billion liquidity injection. - The effects of the Bitcoin halving, which could increase cryptocurrency scarcity, pushing its price higher. - Historically, the crypto market often shows positive performance in the fourth quarter. The U.S. presidential election, scheduled for November 2024, is also boosting demand for Bitcoin. Political instability and potential shifts in economic policy may trigger volatility in financial markets, driving investors toward assets that are less dependent on government or central bank actions. Additionally, on October 8, HBO will air the film "Money Electric: The Bitcoin Mystery," which may shed light on the identity of Bitcoin’s creator, Satoshi Nakamoto. This event could further fuel media interest in Bitcoin. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ 10.10, 15:30 - US Consumer Inflation Index (CPI) for September. ➤ 05.11, 00:00 - US Presidential Election. ➤ 07.11, 21:00 - New Fed Interest Rate Decision. 📈 Statistics of signals from our AI trading indicator: In September, the price of Bitcoin began to recover its positions. 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 5 signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. - Total price movement by all signals: + 37.94% - Maximum price movement: + 10.42% - 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:
by TradeINEX
Navigating the Bullish Surge: A Cautious Approach to InvestingThe Indian markets are experiencing an extraordinary rally, with major indices soaring to unprecedented heights. This surge is undoubtedly enticing for retail traders and investors eager to capitalize on the momentum. However, the pressing question remains: Are these elevated levels truly the right time to enter the market? Perhaps not. To gain insight, we can turn to a diagram by Dr. Jean-Paul Rodrigue that illustrates the typical stages of a market bubble. When we overlay this framework onto the current landscape of Indian indices, it becomes apparent that we may be on the brink of significant market movement—potentially in the coming weeks. History has shown us that markets can swing from euphoric bullishness to sharp corrections. Notable examples include the catastrophic crash of 2008 and the rapid declines during the COVID-19 pandemic in 2020. While we may not face declines as drastic as those events, it’s essential for retail traders to be proactive in safeguarding their investments. One effective strategy to mitigate downside risk is to consider purchasing long dated put option. A put option provides the holder with the right to sell the underlying asset without the obligation to do so. This means that if the market experiences a downturn—whether in the immediate future or after a few weeks or months—the put option can yield significant profits during a substantial decline. On the flip side, if the market continues its upward trajectory, the put option will gradually lose value and may eventually become worthless as indices continue to set new records. The key takeaway here is to keep your investment strategy straightforward and avoid unnecessary complexity. This is merely one of many strategies available for investors looking to protect their portfolios. Final Thoughts: As we navigate these exciting yet unpredictable market conditions, it’s crucial to remain vigilant and informed. While the allure of all-time highs is compelling, prudent risk management is essential for long-term success in investing. Disclaimer: All investments carry inherent market risks. This article is not a recommendation; please conduct your own analysis before making any trading or investment decisions.
NSE:NIFTYEducation
by VishalSubandh
Nifty Intraday Analysis for 07th October 2024NSE:NIFTY Index closed near 25015 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 54.69 Lakh 25400 Strike – 45.57 Lakh 25200 Strike – 32.84 Lakh Put Writing 25000 Strike – 34.67 Lakh 24500 Strike – 33.52 Lakh 24800 Strike – 21.70 Lakh Index has resistance near 25300 – 22500 range and if index crosses and sustains above 26100 level then may reach near 25600 - 25700 range. Index has immediate support near 24850 – 24750 range and if this support is broken then index may tank near 24600 – 24500 range.
NSE:NIFTY
by RKMAURYA
NIFTY 50 ( POTENTIAL TO BREAK ITS ALL TIME HIGH)WTF as we can see DTF structure bullish and price makes HH & HL pattern and now price in DAILY demand zone with RSI bullish divergence ... LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support. on DAILY TF RSI N BOLLINGER BAND also support the IDEA... counter trendline on 1HR chart may react as a resistance once it broke it will b rocket... price may face resistance at 25450-25500 as 1Hr supply zone, 25640-25740 DAILY TF supply zone.... one can take entry in NIFTY ETF, NIFTY FUTURE, NIFTY COVERED CALL , in which risk suits you... so plan your trade accordingly... Who's gonna trade with me for this trade IDEA let me know.....
NSE:NIFTYLong
by RISINGSTONE