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Correction

Bitcoin may be make it local top here, Little Correction soon!!Technical analysis: Welcome to this quick update everyone, In Daily timeframe Chart, Once Again Bitcoin Bulls Are Back in Town, Daily MA50 got Cleared & turned into Support. At the Moment, Bitcoin bulls are testing the Key Horizontal Resistance 41k, If Daily Candle Closed Above the 40 .6k(Daily Resistance), Next Would be 46-48k Resistance Area . Let’s be honest, after such a huge upswing (+40%) $BTC needs at least a small correction as well as RSI did not retested it breakout downtrend, so RSI is also need to be retest it breakout trendline. Yesterday we faced the major resistance at $40,500 and couldn’t break it. Today we also got rejected there. This can be the short-term top! I don’t expect the upcoming correction to go below $35K The bearish picture invalidates if we do break above $41K 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
by Bitking786
Nifty Weekly Setup 28th July to 2nd JulyHi All, Nifty setup for next week is quite interesting. Nifty is at critical juncture or say make or break level. Nifty is trying to give breakout on weekly as well as monthly chart however failing to close above the desired level. Important points to consider next week: - Nifty break 15901 level convincingly with good volume for strength breakout - Nifty once close above 15986 important Fibo level can give targets till 16220/16451 -Nifty to fail breakout will be initiation of a correction a small one though in month of July. Now most awaited question , how much market can correct? Well answer will be awaited until next week. Do not forget to watch out this space for daily Setup updates
NSE:NIFTY
by Trade_Levels_with_DD
Bajaj Finance Correction !Bajaj Finance Showing weakness on which There can be a correction coming out ! Points to analyse- 1. Bajaj Finance have a Double top Which indicates trend reversal or Correction. 2. Major Support / Roundoff Price / Fibonacci Comes at same levels with gives multiple confirmation of strong support ! 3. Also there is a little unfilled gap which can be filled this time if market corrects ! 4. Market is too up at this time after market averages - price have to come close to average to start new trend 5. There is a support nearby around 5330 If it breaks there are high probability that it can fall . 6. Even if we only follow Trendline after double top trend reversal indication the prices behaviour is to come near trendline ! That what i have analysed If you have any suggestion or queries please contact me freely on twitter or comments of this post ! Stay safe - Stay Healthy Namaste Comments Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:BAJFINANCEShort
by harit123
4
View on NIFTY➡ Nifty took support from the demand zone ➡ "Bullish Harami" has formed above the support ➡ Right now Nifty at a correction phase ➡ Nifty needs to break the channel to go up ➡ Due to Covid situation Nifty showing some weakness ➡ Hence, Nifty may fall ⚪ NIfty needs to close above 14938 to go up further ⚪ 14281 is a strong support ⚪ If it closes below 14281 next support will be at 13760 🔴 DISCLAIMER : This is just for educational purpose....
NSE:NIFTY
by PriceAct-fugazitrader
11
NIFTY WEEKLY ANALYSISEven though there is heavy liquidity in the market and that has been driving the markets significantly higher over the last year. Nifty has rallied over 100% since the low of March 2020. A lot of investors have made way more than average returns on their investment in this dream run. Those investors would like to retrieve their amazing returns to make use of the profits (what is the point of making money if you can't use it, right?). FIIs have also been selling heavily in the last month on account of the heavy overvaluation in the Indian Markets. Yet, even accounting for the sell off, the market has not gone down significantly. There was fear of a lockdown in Maharashtra which triggered Monday's large sell off. This has offered investors a good lower level for buying into the market again. With large buying observed yesterday, it is very likely that the market is ready to move back towards the all time high levels. Technically as well, there is a flag and pole pattern observed on the weekly charts, which is a bullish pattern. A breakout above the top trendline will likely enable to market to make fresh all time highs above 15,400. The dip has offered a great entry point for building long term portfolios with a lot of stocks correcting more than 10%, especially the financials. ALthough FIIs have been selling, DIIs have been net buyers for the entire period where Nifty is declining. DII activity is a good indicator of the long term expectation of the market. The coming week may see a fresh uptrend emerge with companies announcing their FY 2020-21 earnings in April.
NSE:NIFTYLong
by ArcherDAVIS
Reliance - Ending Diagonal Finish (Sell Below 2100) • Safe Traders Sell Below 2050 – Target Downside – 2025 / below 2025 –Target -1980-1990/ Below 1980 Target- 1927 / Below 1925 Target – 1890-1900 / Below 1890 Target – 1830 / Once Double Bottom gets broken then stock may slip to 1650-1700 zone which I have suggested since Oct-Nov2020 • Risky Trader They can sell if stock holds below 2100 or as close as possible to 2100 • No Trading If stock crosses above 2100 – we will avoid taking sell or short trades.
NSE:RELIANCEShort
by WaveTalks
51