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Crude Break Down and TargetCrude Break the Demand Zone & Reached the target zone easily . Now taking so much strength to break the last zone . Zone to Zone trading "Nothing compares to the accuracy of the AI Quant-X indicator, which plots zones right at the start of the trading day—zones where the market often reverses with precision. Why rely on outdated methods when AI can work its magic for you? Stay patient, and only trade when the market reaches these zones. Watch for rejection candles or breakout/breakdown signals, and trade accordingly, targeting the next zone. Remember, it’s not about trading more—it’s about trading smart. Trade less, trade right."
MCX:CRUDEOIL1!Short
by AIQuant-X
Silver Zone to Zone trading Silver took rejection from Demand Zone & Reach the target supply Zone . Zone to Zone trading Done . "Nothing compares to the accuracy of the AI Quant-X indicator, which plots zones right at the start of the trading day—zones where the market often reverses with precision. Why rely on outdated methods when AI can work its magic for you? Stay patient, and only trade when the market reaches these zones. Watch for rejection candles or breakout/breakdown signals, and trade accordingly, targeting the next zone. Remember, it’s not about trading more—it’s about trading smart. Trade less, trade right."
MCX:SILVER1!Long
by AIQuant-X
2
Natural Gas Zone to Zone DoneNatural Gas Demand Zone to Supply Zone Done . "Nothing compares to the accuracy of the AI Quant-X indicator, which plots zones right at the start of the trading day—zones where the market often reverses with precision. Why rely on outdated methods when AI can work its magic for you? Stay patient, and only trade when the market reaches these zones. Watch for rejection candles or breakout/breakdown signals, and trade accordingly, targeting the next zone. Remember, it’s not about trading more—it’s about trading smart. Trade less, trade right."
MCX:NATURALGAS1!Long
by AIQuant-X
2
Reliance Industries: Opportunity in a Demand Zone ConfluenceReliance Industries Limited (RIL), one of India’s largest conglomerates, has recently experienced a drop in its share price. In the second quarter of FY25, the company reported a 5% decline in consolidated net profit, down to Rs 16,563 crore. While this has weighed on the stock price, it also presents a buying opportunity for traders. Chart Analysis: A Confluence of Demand Zones Let’s take a closer look at the technical picture. If you analyze the weekly chart of Reliance Industries, you’ll notice that the stock is currently trading in a demand zone . This zone is an area on the chart where there is strong buying interest, and it could potentially support the price, leading to a bounce. What makes this setup more attractive is that the stock is also sitting in a daily demand zone , creating a confluence between the two timeframes. Confluences like this increase the probability of a successful trade since multiple factors align in the same direction. Entry 1: Reversal Candlestick Pattern at the First Demand Zone The first potential entry point for a trade comes from the RBR (Rally-Base-Rally) zone , which is the current demand zone on the weekly chart. If you observe a reversal candlestick pattern , this could signal the start of a move higher. Wait for a confirmation of the reversal pattern before entering the trade. This pattern could serve as a signal that the market is ready to rally from the current demand zone. Let’s call this Entry 1 . Entry 2: The Second Demand Zone - A Stronger Opportunity If the price continues to drop, there’s a second RBR demand zone below the current one, and this could provide an even better buying opportunity. What makes this zone particularly strong is that it coincides with a previous resistance level, which could now act as support again . This is known as the Act of Polarity , where old resistance becomes new support & this is also confluence. Entry 2 is compelling because the stock had previously been in a tight consolidation, and this demand zone formed as the price broke out of that consolidation. Now, as the price approaches this zone again, it’s a high-probability area for a bounce. For Entry 2, you can place a stop-loss just below the demand zone, allowing a small buffer. This will protect your trade if the price falls further. Your first target could be the daily supply zone around 2928. Despite recent setbacks, Reliance remains one of the strongest companies in India, with diversified business interests across sectors like telecom, retail, and energy. The current pullback is more of a short-term correction rather than a sign of fundamental weakness. The confluence of demand zones on the weekly and daily charts offers traders a high-probability setup in Reliance Industries. While waiting for a reversal candlestick pattern at the first demand zone is a more conservative approach, the second demand zone presents a stronger opportunity due to confluence of its location at a previous resistance level, which now acts as support. Proper risk management with a stop-loss below the second demand zone ensures that traders are protected if the price drops further. Lastly, 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.
NSE:RELIANCELong
by AfnanTAjuddin
2
16 Oct 2024 - Nifty Predictions (Next Trading Day)1. Index Chart and Time Frames Index: Nifty 50 Date: October 15, 2024 Time Frames: Weekly (1W) Monthly (1M) Daily (1D) 5-Minute (5) 2. Support and Resistance Levels Support Levels: Daily: Approximately 25,000 Weekly: Approximately 24,800 Resistance Levels: Daily: Approximately 25,200 Weekly: Approximately 26,200 3. Market Scenario for Next Trading Day Expected Gap Likely to open flat or with a slight gap down based on recent price action. Market Trend Range-bound to slightly bearish. Timing Initial volatility in the morning, potentially stabilizing in the afternoon. 4. Options Strategies for Next Trading Day Specific Strategies: Bull Put Spread: If the market shows signs of holding above support. Bear Call Spread: If resistance levels are tested and rejected. Strikes: For Bull Put Spread: Sell 25,000 and buy 24,800. For Bear Call Spread: Sell 25,200 and buy 25,400. 5a. Calendar Spread Strategy Strikes for Calendar Spread: Daily: 25,000 Weekly: 25,200 Monthly: 25,500 5b. Daily, Weekly, and Monthly Trends Daily Slightly Bearish Support: 25,000, Resistance: 25,200 Weekly Bullish (but testing resistance) Support: 24,800, Resistance: 26,200 Monthly Bullish Support: 24,500, Resistance: 26,500 6. Trading Recommendations for ATM, ITM, OTM ATM Trade Morning session ITM Don't Trade All day OTM Trade (with caution) Afternoon session Conclusion The analysis suggests a cautious approach for the next trading day, focusing on support and resistance levels. Adjust your strategies based on real-time market movements and news. Disclaimer : Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
NSE:NIFTY
by JayeshBoradia