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Cyient DLM Ltd. Sector: Electric Equipment WTF as we can see HTF structure bullish and price makes HH & HL pattern and now price in HTF demand zone with RSI bullish divergence and bollinger band lower band support. DAILY TF mitigation in HTF 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 730-780 as DAILY supply zone, 865-875 HTF supply zone.... so plan your trade accordingly... Who's gonna trade with me for this trade IDEA let me know.....
NSE:CYIENTDLMLong
by RISINGSTONE
4
CRUDEOIL UPDATE | JULY 3 Potential crude oil price movement in a 1-day timeframe Shooting Star Pattern identified, a bearish reversal candlestick pattern called a "shooting star." This suggests a potential price decline if certain conditions are met. Key Levels: Support: 6840 - If the price falls below and sustains under 6840, it could indicate further downward movement. Resistance: 6950 - A break above 6950 would invalidate the bearish shooting star pattern and suggest a potential price increase. Predicted Movement: Downside: If the price closes below 6840, you expect a further 40-50 point decline. Important Notes: This analysis is based on a single technical indicator (shooting star) in a 1-day timeframe. It's important to consider other technical indicators and fundamental factors that can influence price movement. Supporting indicators: Are there other technical indicators that support the bearish signal from the shooting star?
MCX:CRUDEOIL1!Short
by Shalvisharma5
NIFTY: The Stakes!It is one thing to anticipate the move for a day, altogether different to anticipate for the week. The stakes are staked. The rotation theme continues, it is IT at the alternative days. One more day of in neck pattern, not a bearish confirmation by any means, unless further evidence seen. The PIP is the shorter from, the steep fall held by the smaller upward trend line, sending and keeping the bulls hopes alive. The news of HDFC MSCI flows and the expected up move in the market is what is tricking as we write. Will this be a fading news or a new trend one has to see. Yesterday moves were a fading day, markets are in trending zone. One cannot rule of either of the methods, fading still has a chance. Lots of data, FOMC Minutes (do any one care after Powell yesterday comments). Inflation is in the path, so technically the aggressive calls for surprise rate hike is eroding, while hopes of rate cut remains out of the table. Europe too joins no cuts. Powell comments some time at the last period of next year or thereafter, should send any hopes of early cuts. Crude prices continue, while dollar cools little and trickle. Big political events in the Europe weighing its balance. Our PMI in the early hours of market to watch. ISM, ADP late ahead of NFP on Friday. Supports 24050-23980-23950 Supply 24180-24220-24280
NSE:NIFTY
by sreebhashyam
NCC LTDNCC LTD #NCC CMP : ₹.332.3/- Nagarjuna Construction Company Ltd is one of the distinguished construction and infrastructure based company in India with a market cap of approximately 20K Cr. Company had a strong revenue growth of 34% in the last FY. For the last 1 year stock gives a consistent returns with a value surging of 160% and above. Now it is tending to break it's 1 year and 6 months resistance trend line. 20% movement can be expected. Support @₹.290 levels. Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
NSE:NCC
by DevanNaayar
Bank Nifty Index Pattern Trade 2nd July, 2024📉 Bank Nifty Index Trading Insight 📉 📊 Pattern Name: Evening Star (Bearish) 🕰 Chart Timeframe: 1 Day 🗓 Date of Release: 1st July 2024 🔻 Sale Below: 52373.70 🎯 Target 1 (RR 1:1): 51566.65 🎯 Target 2 (RR 1:2): 50759.60 🎯 Target 3 (RR 1:3): 49952.55 🔒 Stoploss: 53190.75 (10 points buffer - 53200) ✨ Boost, follow, and engage for more trading insights! 🚀 #BankNifty #TradingStrategy #EveningStar #BearishPattern #StockMarketAnalysis #TradeWisely #MarketTrends
NSE:BANKNIFTY
by NumroTrader
1
NIFTY: In neck, Evening StarFive continuous Quarters of Upmove. Three continues weekly moves. End of half year, all allocations and NAV are taken care, back to the results season, add to that dash of Budget expectations. Coming to expectations, market is in deep in-neck expectations and hence there are some disappointments and then there can be some surprises. It is the net that matters. While we can continue to expect a volatile move, the volatility thy name looks the meaning of one way moves, that can be tempered going in this month. Dollar holds its gains, one of the best quarterly moves since 2013. Ditto Silver. Lots of data, political events in Europe, the July and incoming summer never been kind to the bulls, so brace with some dash of Risk Management and temper the expectations, money saved is money made. The daily is in neck pattern. It is not as powerful as the dark cloud pattern, but today close remains vital. The shorter frames post the evening star, so far there is a break in the trendline, caution comes closer than far. Supports all the black lines are very important farther in the picture is greater in importance. Support 23980-23950-3880 (one vital and the first horizontal line) Supply 24100-24138-24188
NSE:NIFTY
by sreebhashyam
Moving Average Trading Strategy for Day TradingMoving Average Trading Strategy for Day Trading Day trading requires quick decision-making to buy and sell financial securities within the same trading day. For this, traders depend on effective trading strategies for dealing with uncertain markets. One popular approach is using moving averages (MAs), which smooth out price data to identify trends for day trading. MAs, like simple and exponential averages, provide valuable signals for when to enter or exit trades based on price movements. This article will look at how moving averages work, and their different types, and also discuss some of the most effective intraday MAs strategies. What is a Moving Average and How Does It Work? A moving average (MA) is a tool used in technical analysis to help understand stock prices. It gives you an average price that's regularly updated, which smooths out the ups and downs caused by short-term changes in the market. So, when a stock's price goes up and down a little over time, the moving average lets you see the general direction of where prices are heading. MAs get rid of all the extra details on the price charts, making it easier to spot the main trend in the market. Let's start by understanding how moving averages (MAs) work with a simple example. You want to find out the average price of a stock over the last 30 days. If the average price during this period is Rs. 545, the simple moving average (SMA) would be Rs. 18.16 (which is Rs. 545 divided by 30 days). Now, on the 31st day, you replace the price of the first day with the price of the 31st day. This means you always use the prices of the most recent 30 days to calculate the average. This way, the average 'moves' along with each new day, showing how the average price changes over time. This helps traders see historical price trends more clearly on charts. Types of Moving Averages Moving averages can vary based on how they are calculated and the time period they cover. Below is an overview of the most common moving averages used in technical analysis for intraday trading. Simple Moving Average (SMA): The SMA is calculated by taking the arithmetic mean of a given set of prices over a specific number of days in the past. It uses a simple arithmetic average of prices over some timespan. Exponential Moving Average (EMA): The EMA places greater weight on more recent prices than older ones over the time period. It is a weighted average that gives greater importance to the price of a stock in more recent days, making it an indicator that is more responsive to new information. Weighted Moving Average (WMA): The WMA assigns a weight to each data point based on its age, giving more importance to recent data points. Hull Moving Average (HMA): The HMA is a type of moving average that assigns more weight to the latest data and less (linearly) to the older data. Best Moving Averages Strategies for Intraday Trading? All the different types of moving averages mentioned above can be used for trading within the same day. Some moving average strategies work especially well for intraday trading. Let’s discuss some of the best ones. 1. 5-8-13 Simple Moving Averages (SMAs) The 5-8-13 Simple Moving Averages (SMAs) are a trio of Fibonacci numbers often used in day trading. They help identify potential trading opportunities by observing crossovers and divergences. For example, an upward trend might be signaled when the 5-period SMA crosses above the 8-period SMA, while a potential downward trend could be indicated when the 13-period SMA crosses below the other two. These SMAs offer insights into short-term price movements and possible trend reversals, making them a popular choice for intraday trading. 2. 10 & 20-period Simple Moving Average (SMA) The 10 & 20-period Simple Moving Averages (SMA) are often used by intraday scalpers trading off 1-minute charts. These SMAs can help traders identify short-term price trends and potential trading opportunities. For instance, a buy signal might be generated when the 10-period SMA crosses above the 20-period SMA, indicating a potential upward trend. Conversely, a sell signal might be triggered when the 10-period SMA crosses below the 20-period SMA, suggesting a potential downward trend. This makes the 10 & 20-period SMAs a useful tool for quick decision-making in fast-paced intraday trading. 3. 9-period and 21-period Exponential Moving Averages (EMA) The 9-period and 21-period Exponential Moving Averages (EMA) are often used by traders for 5-minute charts. These EMAs can help identify short-term trends in the market. For example, when the 9-period EMA crosses above the 21-period EMA, it might signal a potential upward trend, indicating a good time to buy. On the other hand, if the 9-period EMA crosses below the 21-period EMA, it could suggest a downward trend, signaling a good time to sell. This makes the 9-period and 21-period EMAs a useful tool for traders looking to capitalize on short-term price movements. Conclusion Using moving averages in day trading helps you see trends and decide when to buy or sell. Simple strategies like looking for moving average crossovers can guide you in making trades. Practice regularly and stay consistent to get better at using these techniques. Moving averages can be a powerful tool to help you trade more confidently and successfully in the fast-paced day trading environment.
NSE:NIFTY
by Dhan
GR INFRA MULTIBAGGER FORMING ROUNDING BOTTOM + SOLID P&LThe stock has been moving in phases which is the basis of the dow theory , the first phases have been successfully ended and now the bullish phase is underway , the stock has been forming lower lows in the past and is making a rounding bottom pattern which would be followed by higher highs . the fundaamentals of the stock are abolutely paragon moreover the sales have become 10x in 10 years and there is susbtantial increment in net profits added with some good volumes Target1-1363 Target2-1590 Target3-1957 Target4-2034 and 2176 Target5-3228
NSE:GRINFRALong
by keshavmaharaj958
CRUDEOIL BREAKOUT - June 26Timeframe: 4 Hour -- Rising wedge reversal breakout Analysis : Crude oil has potentially broken a key support trendline on the 4-hour chart, indicating a shift in momentum. This could signal a potential downside move in the near future. Key Levels: Breakout Point: 6735 (Support trendline) Target: 6655 (Based on the measured height of the trendline) Entry: Consider entering a short position (selling) if the price breaks and closes decisively below the trendline support at 6735. Target: Aim for a target price of 6655, which is based on the height of the recently broken trendline. Stop-Loss: Place a stop-loss order above the trendline at 6780 to limit potential losses if the price reverses and breaks back above the trendline. Risk Management: Always remember to practice proper risk management. Only allocate a small percentage of your capital to this trade and use a stop-loss order to limit potential losses. Confirmation: A confirmed trendline break occurs when the price closes decisively below the trendline with increased trading volume. Additional Notes: This analysis is based on technical indicators and should be used in conjunction with other fundamental and market sentiment factors. Past performance is not necessarily indicative of future results. If you have a screenshot of the chart highlighting the trendline break and target level, you can upload it to your TradingView post to provide a visual aid for your analysis. I hope this TradingView article helps!
MCX:CRUDEOIL1!Short
by Shalvisharma5
In the Middle, no Riddle!Alternate moves, flipping sides, not for the ordinary, buy yesterday, sell to-day or vice versa or most difficult approaches of the trader, A range trader too will find this difficult. The PIP is larger frames the candle colours or altrnating. The actual graph is the larger version of the same. To buy or sell is not to be is the dilemma, till such time, stay in the range, try if you can keep yourself away from the screen! 0.6630-0.6690 pencil the range, if that is not enough the market is in the middle of this midle!
by sreebhashyam
NIFTYBANK: Expiry Riddle!Similar in Neck pattern here too, but the big difference is the fill of the previous two large wicks and the large bull candle, close above the channel. The PIP is the intra-day version, indicating the series of wicks as the possible supply zone while the large bull candle second from the upward trend line to act as the support one. Not much to expect, other than a rise first fall later, close in the green kind of. Ahead of monthly expiry the indications are more in the individual spaces than the broader market. Private Bank's continuing to garner more traction. CA Surplus is what the headlines, that aids the Currency Market, or the Central Bank, indicating, rupee is not ready to weaken yet. Dollar overnight moves helping this further. Reality Calm, Steady climb are the underlying factors that needs to re-assert save any close below yesterday's low. Support 51450-51150-50950 Supply 51880-52000-52150
NSE:BANKNIFTY
by sreebhashyam
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT The price of Bitcoin is returning to growth amid positive macroeconomic data from the US and a new wave of institutional investor interest in spot Bitcoin ETFs. Currently, the BTC price is moving within a narrow range (65,000 - 72,000), and a breakout from this range will determine the direction of its future movement. At the moment, there is a fourth retest of the descending trendline resistance. To continue the upward movement, the price needs to secure itself above the trendline resistance and overcome the major resistance block at 72,000 - 73,000. This would open the path to a new all-time high in the range of 75,000 - 80,000. Such a positive scenario could unfold between June 7 and June 12, provided that positive inflation data from the US continues to be released. However, the RSI indicator is showing a bearish divergence. If buyers fail to push the BTC price above the trendline and it falls below the dynamic support line at EMA 50 4H, we can expect a local correction. The nearest target for this correction could be the major support block at 65,000 - 68,000, which also contains the point of control (POC) for the value area. If this level does not hold against selling pressure, the BTC price may drop into the Imbalance 1H zone to fill the gaps at the horizontal volume levels. 📉 Bitcoin market global analysis On the daily logarithmic chart, Bitcoin's price has formed a descending wedge pattern. Currently, a retest of its upper boundary is taking place. If buyers manage to secure the price above this boundary, combined with fundamental factors such as a rate cut by the Federal Reserve, it could lead to a new bullish rally, as seen in previous cycles post-halving. Conversely, if the BTC price fails to break out of the wedge pattern, we expect a decline to retest its lower boundary around the 55,000 - 60,000 Imbalance 4H zone. Above the current ATH, there are no resistance levels based on historical data. Therefore, to determine growth targets, we will use trendlines, Fibonacci extension levels, and analysis of large order clusters in exchange order books. There is a local ascending trendline that has been relevant since November 2023. Its test may occur at the 75,000 - 76,000 level, confirmed by a large block of pending orders. Above this, in the 80,000 - 90,000 range, there is a global trendline built on the peaks of the previous two Bitcoin cycles. There is also the 1.38 Fibonacci extension level. The highest trendline is located in the 1.61 - 1.78 Fibonacci extension range, with its test potentially starting at the 100,000 level. 💠 Analysis of liquidity zones and levels Fear and Greed Index is currently in the extreme greed zone - 78. The total cryptocurrency market capitalization has risen to $2.576 trillion, and Bitcoin's dominance index has risen to 54.58%. According to the analysis of accumulation of large order blocks in exchange order books, the demand and supply zones are located at the following levels: 🟢 Demand Zone: 60,000 - 68,000 🔴 Supply Zone: 72,000 - 80,000 Levels for long positions: 68,000 - Point of Control (POC) of the value area 65,000 - Major support block 60,000 - Psychological support level Levels for short positions: 72,000 - Retest of the trendline resistance 75,000 - Major resistance block 80,000 - Major resistance block 90,000 - Global trendline 📊 Fundamental analysis Institutional interest in spot BTC ETFs has surged again, with an influx of +$1.374 billion into these instruments over the past two days. The crypto community is anticipating a Bitcoin bull rally, which could be sparked by a change in the US Federal Reserve's monetary policy. On June 4, labor market data began to be released, indicating a slowing US economy. When the economy slows, inflation decreases, and lower inflation is a key factor for the resumption of money printing and the growth of high-risk markets, including the cryptocurrency market. The stock market has already reached new all-time highs in anticipation of positive inflation data on June 12 and in light of recent macroeconomic data from the US. However, there are still 4 days left to resolve the issue of the US Treasury redeeming over $10 trillion in government bonds by June 9. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ June 6th, 3:30 PM - US Initial Jobless Claims. ➤ June 12th, 3:30 PM - US Consumer Price Index (CPI). ➤ June 12th, 9:00 PM - New Decision on Federal Reserve Interest Rates. ➤ July 31st, 9:00 PM - New Decision on Federal Reserve Interest Rates. 📈 Statistics of signals from our AI trading indicator: In May 2024, the cryptocurrency market began to recover after correction. 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 6 signals have become profitable, and the built-in Anti-Flat System prevented losses from manipulative market movements. Total price movement by all signals: + 31.16% Maximum price movement: + 14.86% Average price movement: + 5.19%
by TradeINEX
1