Contains IO script
Bank Nifty Under Bearish Radar: 50,000 in FocusAfter weeks of strong bullish momentum, Bank Nifty is now showing signs of bearish price action. The index faces selling pressure, likely due to profit booking and weak sentiment near recent highs.
Key support is seen around the 50,000 level, which could act as a critical zone for buyers to step in. However, with monthly options expiry approaching, volatility is expected to remain high, potentially leading to exaggerated moves.
Key Levels to Watch:
• Resistance: 52,500–53,000
• Support: 50,000
If 50,000 holds, we may see a rebound post-expiry, but a decisive break below this level could trigger further downside. Keep an eye on global cues, sectoral strength, and institutional activity for directional confirmation.
Strategy:
• Short-term Bears: Look for shorting opportunities below 50,000 with strict stop losses.
• Swing Traders: Wait for a bounce or reversal pattern near support for long opportunities.
• Options Traders: Use neutral strategies like straddles or strangles to capitalize on volatility.
Trade safe, and always manage your risk effectively.
NETWORK 18 TURNING BULLISH WITH WEEKLY ABCD & SUPERTREND BUYNetwork 18 Media & Investments Ltd. is an interesting chart with following
1. RSI on all time frames almost at or above 60 (DWM)
2. Price Gaining Momentum with rising volumes
3. After a long consolidation of price between 77-95 zone since March 2024, Price made a breakout from the range last week with volume
4. Super trend on weekly turned positive
5. Narrowing Bollinger Bands on weekly chart and price walking on upper band
6. Cluster of moving averages support in 85-89 zone 20, 50, 100, 200 day simple averages fall within this zone
7. ABCD Pattern under formation on weekly chart
Can be a Good Risk reward to buy on dips and dips only
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
GBP/USD continues follow trend Sell on all time frame.when GBP/USD rebounds according to fibonacci 618.
The price has shown clear signs of weakness, the news only makes the price go stronger and faster.
What we do is wait for the price to rebound to fill liquidity and look for sell points at time M15 or H1 to sell in line with the trend D1+H4
BITCOIN 107600 BREAKOUTBitcoin’s breakout above 107,600 could signal a highly bullish move. Recent price action has been strong, almost unstoppable, with bulls liquidating shorts and driving the market toward new all-time highs.
Technicals align with this momentum, favoring continued upward action. However, the 107,600 resistance remains a key level, acting as a ceiling for now. A decisive breach with strong volume could open the doors to the next ATH. It’s a pivotal moment—watch closely!
ETH/BTC Showing Momentum with Alt Season PotentialEthereum (ETH) is currently holding strong at the $4000 price level while Bitcoin (BTC) has reached a significant milestone of $100,000. Historically, this creates favorable conditions for an altcoin season, with Ethereum often leading the charge. Recent ETF inflows into ETH indicate institutional interest, adding further strength to the bullish narrative.
Technical Analysis:
On the ETH/BTC chart:
ETH is consolidating above key support at 0.04011 BTC, showing resilience.
A breakout above the resistance zone at 0.04120 BTC could trigger a move towards 0.04253 BTC (+6.03%), as marked in the forecast.
Moving averages (20 EMA and 50 EMA) are aligned bullishly, with price action staying above both. The volume is steady, suggesting accumulation.
Trade Plan:
Entry: Enter on a confirmed breakout above 0.04120 BTC with strong volume.
Target: First target at 0.04253 BTC (+6.03%), with potential for further upside depending on market momentum.
Stop-Loss: Place a stop-loss below the recent swing low at 0.03960 BTC to minimize risk.
Macro Factors to Watch:
Monitor BTC dominance for signs of a shift toward altcoin strength.
Keep an eye on ETH price momentum at $4000—sustained strength here will reinforce the bullish ETH/BTC scenario.
ETF inflows and macroeconomic data impacting cryptocurrency markets could provide additional catalysts.
This setup offers a good risk-reward ratio, aligning with broader market trends and technical confirmation. Let's see if alt season delivers! 🚀
Bharti airtel Seems BullishBharti airtel Seems Bullish
Trigger point - Trend Line Break
Booster - EMA Break
- RSI Bullish
- Parallel Channel Break
- High Volume
Entry level : 1650 - 1700
Support Level : 1585
Resistance : 1778 / 1905 / 2035 / 2165
- This is no recommendation - only my personal analysis.
INFY - 3 YEAR LONG CUP AND HANDLE PATTERN BREAKOUTChart Pattern:
A 3-year-long Cup and Handle (C&H) breakout is visible, which is a strong bullish continuation pattern.
The breakout has occurred above the resistance level of ₹2,000.
Key Levels:
Target Levels based on the height of the cup:
First Target: ₹2,204.75
Second Target: ₹2,437.75
Final Target: ₹2,704.65
Volume Analysis:
The breakout is accompanied by increasing volume, confirming strong buying interest.
Previous volume spikes indicate accumulation during the handle formation.
Moving Averages:
Price is trading above the 50-day and 200-day moving averages, which confirms a bullish trend.
The moving averages are sloping upward, supporting further price momentum.
Momentum & Confirmation:
The stock has successfully retested the breakout zone, validating the strength of the breakout.
Price action suggests continuation toward the next resistance zones as marked.