$MKR Chart Looks Strong: Heading for a New All-Time High?ASX:MKR Chart Looks Strong: Heading for a New All-Time High?
#MAKER is looking strong and trying to break through the red resistance zone. If it breaks this level, the price could go as high as $6000, reaching a new all-time high!
Key Details:
▪️ MKR is breaking a major resistance level.
▪️ Based on past patterns, MKR could give up to 500% gains from here.
My Plan:
▪️ Entry Zones: $1700 - $1600
▪️ Targets: $2800/$3775/$5800/ New ATH
▪️ Stop Loss: $1400
Stay tuned! This could be a big move for #MKR 🚀
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$MKR Chart Looks Strong: Heading for a New All-Time High?ASX:MKR Chart Looks Strong: Heading for a New All-Time High?
#MAKER is looking strong and trying to break through the red resistance zone. If it breaks this level, the price could go as high as $6000, reaching a new all-time high!
Key Details:
▪️ MKR is breaking a major resistance level.
▪️ Based on past patterns, MKR could give up to 500% gains from here.
My Plan:
▪️ Entry Zones: $1700 - $1600
▪️ Targets: $2800/$3775/$5800/ New ATH
▪️ Stop Loss: $1400
Stay tuned! This could be a big move for #MKR 🚀
Layer AI (LAI/USDT): A Bullish Chart Setup with Massive PotentiaLayer AI (LAI/USDT): A Bullish Chart Setup with Massive Potential
The Layer AI (LAI/USDT) chart is showing strong bullish signs, making it an exciting opportunity for traders and investors alike. After bouncing from a well-established support zone, the token appears primed for another significant upward move.
Why I’m Bullish on Layer AI
Historically, LAI has shown tremendous growth after bouncing from similar support levels. In its previous rally, the token surged an incredible 900% from its support zone. With the current setup, I’m expecting a potential 500% upside move from this level.
Key Trading Levels
Entry Zone: $0.015 - $0.013
Targets:
$0.021
$0.041
$0.085
$1
$2
Stop Loss: Below the support trend line
Technical Insight
The price is rebounding strongly from the support zone, a critical level that has historically triggered massive price surges. With market sentiment turning positive, this could be the beginning of a significant rally.
If Layer AI continues to follow this pattern, it could deliver substantial returns to traders who position themselves within the outlined entry zone. Stay tuned for updates as the price progresses toward these targets!
Disclaimer: This is not financial advice. Always do your own research before investing.
Professional TradingWhat Is Technical Analysis?
Technical analysis is a method of evaluating statistical trends in trading activity, typically involving price movement and volume. It is used to identify trading and investment opportunities.
Unlike fundamental analysis, which attempts to evaluate a security's value based on financial information such as sales and earnings, technical analysis focuses on price and volume to draw conclusions about future price movements.
Key Takeaways
Technical analysis is used to evaluate price trends and patterns and thereby identify potential investments and trading opportunities.
Technical analysts believe past trading activity and a security's price changes can be valuable indicators of the security's future price movements.
Technical analysis may be contrasted with fundamental analysis, which focuses on a company's financials rather than historical price patterns or stock trends.
Technical analysis was introduced by Charles Dow.
MRPL - Weekly Chart AnalysisRetest Zone Identified: The price has returned to a key historical retest zone near ₹157, which has acted as significant resistance in the past and is now being tested as a support level.
Historical Context: After a strong breakout above this level, the stock rallied significantly, indicating the importance of this zone. The retest suggests potential accumulation in this area.
Price Action: The price seems to be forming a base in the highlighted support zone, showing a possibility of upward momentum if this level holds.
Future Projection: A potential bullish scenario has been illustrated with a dotted purple line, suggesting a move towards ₹264 and beyond if the retest is successful and buying interest resumes.
Key Levels to Watch:
Support: ₹135-₹157 (Green Zone)
Resistance: ₹264 (Next Major Resistance)
Conclusion: MRPL is at a critical juncture. If the retest zone holds, it could present a strong buying opportunity for a potential long-term uptrend. Traders should monitor this zone closely for confirmation of bullish momentum.
BLZ/USDT Accumulating Strongly: Targets Point to $1🔰 BLZ/USDT Accumulating Strongly: Targets Point to $1 🚀
GETTEX:BLZ Technical Analysis
▪️ Trend: Strong bullish momentum observed over the last two weeks, with consistent higher lows indicating accumulation.
▪️ Historical Context: Previous breakout patterns on BLZ/USDT have delivered a minimum of 500% gains. Current price structure aligns with historical breakout behavior.
🔰 Key Levels:
▪️ Accumulation Zone: $0.10–$0.125 (Strong support area with high buy interest).
▪️ Resistance Zone: $0.28 (Immediate resistance).
▪️ Targets: $0.28 / $0.48 / $0.70 / $1 (Fibonacci-based extensions and historical price targets).
▪️ Stop Loss: Below $0.10 (Breakdown invalidates bullish setup).
🔰 Outlook: A confirmed breakout above resistance can signal continuation toward the $1 mark, supported by volume and price action. Failure to hold accumulation levels could shift the bias to neutral.
🔰 Disclaimer: This is a technical observation. Perform due diligence before making any trading decisions.
Can $DAO Hit 5x-10x? Key Resistance Break Could Be the Trigger Can NYSE:DAO Hit 5x-10x? Key Resistance Break Could Be the Trigger 🚀
The DAO/USDT chart is showing potential for a major breakout. If the key resistance at $0.50 is broken, we could see explosive gains of 5x-10x.
However, liquidity is low, which means high risk—invest cautiously and with proper risk management.
Key Levels to Watch:
Entry Zone: $0.35 - $0.44
Stop Loss: $0.23
Targets: $1/$1.88/$2.50/$5
I remain bullish on #DAO but always trade wisely ⚠️
Nifty Intraday Analysis for 22nd November 2024NSE:NIFTY
Index closed near 23350 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 63.33 Lakh
23500 Strike – 44.48 Lakh
23800 Strike – 35.67 Lakh
Put Writing
23000 Strike – 59.37 Lakh
23500 Strike – 42.24 Lakh
23300 Strike – 37.69 Lakh
Index has immediate support near 23250 – 23200 range and if this support is broken then index may tank near 23000 – 22800 range.
Index has resistance near 23550 – 23650 range and if index crosses and sustains above this level then may reach near 23800 - 23900 range.
NIFTY INTRADAY LEVELS FOR 22/11/2024BUY ABOVE - 23430
SL - 23350
TARGETS - 23500,23620,23690
SELL BELOW - 23260
SL - 23350
TARGETS - 23150,23080,23000
NO TRADE ZONE - 23260 to 23430
Previous Day High - 23500
Previous Day Low - 23260
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 👍
BANK NIFTY INTRADAY LEVELS FOR 22/11/202BUY ABOVE - 50460
SL - 50140
TARGETS - 50640,50800,51000
SELL BELOW - 50440
SL - 50640
TARGETS - 50140,49950,49700
NO TRADE ZONE - 50140 to 50460
Previous Day High - 50640
Previous Day Low - 49700
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 👍
Nifty50 Positional Trade for 28th Nov - Short Iron FlySell 4x 28NOV2024 23500CE - ₹ 208.5
Sell 4x 28NOV2024 23500PE - ₹ 178.54
Buy 4x 28NOV2024 23800CE - ₹ 77.6
Buy 4x 28NOV2024 23200PE - ₹ 84.4
--
Max. Profit ₹ +22,504 (16.44%)
Max. Loss ₹ -7,496 (-5.48%)
Max. RR Ratio 1:3
Breakevens 23275.0-23725.0
Net Credit ₹ +22,504
Estimated Margin/Premium ₹ +136,898
Positional Delta: -3.89
Theta: 2051.52
Gamma: -0.12
Vega: -1659.41
$HOPR/USDT 200% Potential as per chart analysis HOPR/USDT Technical Analysis:
HOPR$HOPR is maintaining strong support at $0.05, signaling potential bullish momentum. If the support holds, the projected upside target is $0.20, representing a 200% gain.
Key Level: $0.05 Support
Target: $0.20 Resistance
GARTLEY Harmonic Pattern: How does it work?!GARTLEY Harmonic Pattern: How does it work?!
The "Gartley", as its name suggests, was introduced by Henry Mackinley Gartley.
All other harmonic patterns are modifications of the Gartley.
Its construction consists of 5 waves:
XA: This could be any violent movement on the chart and there are no specific requirements for this movement in order to be a Gartley start
AB: This is opposite to the XA movement and it should be about 61.8% of the XA movement.
BC: This price movement should be opposite to the AB movement and it should be 38.2% or 88.6% of the AB movement.
CD: The last price movement is opposite to BC and it should be 127.2% (extension) of CD if BC is 38.2% of BC. If BC is 88.6% of BC, then CD should be 161.8% (extension) of BC.
AD: The overall price movement between A and D should be 78.6% of XA
How to use it
Point D is where you come in, man! It's your entry signal.
-If it's an M pattern, you buy.
-If it's a W, you sell2.
Where to put your STOP LOSS??
-Below or "X" if you are a BUYER.
-Above "X" if you are a SELLER.
These percentages are based on the famous Fibonacci ratios, as mysterious as the pyramids of Egypt!
Ultimately, the Gartley pattern is like a good Cuban cigar: it requires patience and experience to be appreciated at its true value. But once you master it, it can become a powerful tool in your trading arsenal, as effective as a punch from Rocky Balboa!
Nifty Intraday Analysis for 21st November 2024NSE:NIFTY
Index closed near 23520 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 100.49 Lakh
23800 Strike – 67.76 Lakh
23700 Strike – 58.44 Lakh
Put Writing
23000 Strike – 60.99 Lakh
23500 Strike – 47.00 Lakh
23200 Strike – 36.91 Lakh
Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range.
Index has resistance near 23650 – 23750 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
Gold Intraday Technical Analysis for 21 Nov.🚀 Unlock the potential with my #Gold Intraday Technical Analysis for 21 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: 76,034
📅 Day Range: 758
📈 Long Position
🔹 Buy Above: 75,884
📊 Average Position: 75,795
🎯 Target 1: 76,502
🎯 Target 2: 76,792
⛔ Stoploss: 75,632
📉 Short Position
🔹 Sell Below: 75,706
🎯 Target 1: 75,566
🎯 Target 2: 75,276
⛔ Stoploss: 75,958
✨ With over 6 years of research and back-tested 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 important signals, I 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! 📈
#Gold #GoldMCX #Commodities #TradingSignals #IntradayTrading #MCX #NumroTrader
NIFTY INTRADAY LEVELS FOR 21/11/2024BUY ABOVE - 23620
SL - 23500
TARGETS - 23720,23820,23920
SELL BELOW - 23430
SL - 23500
TARGETS - 23350,23230,23150
NO TRADE ZONE - 23430 to 23620
Previous Day High - 23820
Previous Day Low - 23430
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 👍
BANK NIFTY INTRADAY LEVELS FOR 21/11/2024BUY ABOVE - 50800
SL - 50640
TARGETS - 51000,51300,51500
SELL BELOW - 50440
SL - 50640
TARGETS - 50140,49950,49700
NO TRADE ZONE - 50440 to 50800
Previous Day High - 51000
Previous Day Low - 50440
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 👍
Gold entering mid term selling in profit booking zone...The daily order flow analysis for gold indicates a positive delta of approximately 24K on a spinning candle, suggesting indecision in the market. This signals that the recent 3-day gold rally is losing momentum, with no significant profit booking observed yet. However, immediate aggressive buying seems to be taking a pause. As a result, intraday selling pressure appears likely in the near term.
Selling gold is seen on cards.
Biggest IPO of INDIA Hyundai Motor : Risk factorsThe Hyundai Motor India Limited IPO, which commenced on Tuesday, October 15, 2024, is generating considerable buzz. The public issue closes on Thursday, October 17, 2024, making tomorrow the final day for subscription. As of the second day, the IPO has achieved a 42% subscription rate (based on BSE data). Let's delve deeper.
Key Highlights of the IPO:
Launch Date: October 15, 2024
Closing Date: October 17, 2024
Current Subscription (Day 2): 42% (BSE data)
Significance: Largest IPO in India to date, surpassing the LIC IPO
IPO Type: Entirely an "Offer for Sale" (OFS)
Understanding the Offer for Sale (OFS)
Nature of OFS: Existing shareholders, including founders, promoters, or board members, are selling their shares to the public.
Lack of Fresh Funds: The IPO is not raising new capital for growth or expansion. No new shares are being issued.
Questions to Consider:
Why is the company opting for a complete OFS instead of issuing new shares for growth? What does this suggest about the company's future plans?
What are the implications for future company expansion and innovation?
Concerns Over High Dividend Payouts:
Dividend Payouts: 178% in March 2024 and 229% in March 2023.
Possible Implications: While high dividends suggest strong profitability, they also raise concerns about the company's reinvestment strategy. Are profits being prioritized for shareholder payouts rather than business growth?
What This Might Mean for Investors:
Are current shareholders primarily looking to maximize profits from high dividends before offloading shares?
How does this dividend strategy impact the long-term sustainability and growth potential of the company?
Important Considerations
Before investing, carefully consider:
Thorough Research: Analyze the company's financial statements, strategic plans, and competitive landscape.
Risk Assessment: Evaluate the potential risks associated with the OFS structure and the high dividend payout history.
Investment Goals: Ensure the investment aligns with your financial goals and risk tolerance.
Final Thoughts:
The Hyundai Motor India IPO presents a investment opportunity, but it also carries inherent risks. The high dividend payouts and the OFS structure warrant careful scrutiny. Investors should conduct thorough due diligence and make informed decisions before participating. The impending deadline adds another layer of complexity, underscoring the need for a well-considered approach.
thank you for your support, your likes & comments.
Disclaimer: This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. I am not a SEBI registered analyst.
RSI IndicatorThe best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies.
Low RSI levels, below 30, generate buy signals and indicate an oversold or undervalued condition. High RSI levels, above 70, generate sell signals and suggest that a security is overbought or overvalued. A reading of 50 denotes a neutral level or balance between bullish and bearish positions.
Nifty Intraday Analysis for 19th November 2024NSE:NIFTY
Index closed near 23455 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 88.90 Lakh
23500 Strike – 63.16 Lakh
23700 Strike – 56.76 Lakh
Put Writing
23000 Strike – 63.52 Lakh
23500 Strike – 52.89 Lakh
23200 Strike – 43.92 Lakh
Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range.
Index has resistance near 23650 – 23750 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.