Nifty Bearish Reversal to 21800 and 19900. If May fall if 24500 is broken , Targets are based on fib extension. on weekly 23.6 % retracement and Fib extension meeting at 21800. This is likely to happen in coming few weeks or months.
once 21800 is broken next target would be 19900. This seems too much however this can be used as best time and level to invest for long term. 19900 is 23.8 % retracement from all time high. This is ideal level for long term investment for 4-5 year horizon.
Downtrend
Dow Futures Trading Strategy 29th November 2024Dow Futures Trading Strategy
Buy above the high of the one-hour candle which breaks and closes above 44980: Consider entering a buy position if the price breaks and sustains above the high of the one-hour candle and closes above 44980, indicating potential bullish momentum.
Sell below the low of the one-hour candle which breaks and closes below 44840: Consider entering a sell position if the price drops and closes below the low of the one-hour candle and breaks below 44840, indicating potential bearish momentum.
Example Analysis
Given the current price of 44930:
Buying above the high of the one-hour candle which breaks and closes above 44980: If the price breaks the high of the one-hour candle and closes above 44980, it suggests a potential upward trend.
Selling below the low of the one-hour candle which breaks and closes below 44840: If the price breaks the low of the one-hour candle and closes below 44840, it indicates a potential downward trend.
Disclaimer
Trading in financial markets involves significant risk and can result in the loss of your invested capital. It is crucial to conduct thorough research and consult with a financial advisor to understand the risks and develop a sound strategy.
Dow Futures Trading Strategy for 22nd November 2024Dow Futures Trading Strategy
Current Price: 43953
Trading Levels:
Buy Above 44150
Action: Wait for a one-hour candle to close above 44150 before entering a long position.
Target 1: 44280
Target 2: 44400
Stop Loss: 44000
Rationale: A breakout above 44150 indicates bullish momentum and the potential for an upward move.
Sell Below 43750
Action: Wait for a one-hour candle to close below 43750 before entering a short position.
Target 1: 43620
Target 2: 43500
Stop Loss: 43900
Rationale: A breakdown below 43750 signals bearish sentiment and potential for further downside.
Support and Resistance Levels:
Resistance Levels:
44150 (Immediate resistance and breakout level)
44280 (First target)
44400 (Major resistance)
Support Levels:
43750 (Immediate support and breakdown level)
43620 (First target)
43500 (Strong support level)
Important Notes for Traders
Candle Confirmation: Always wait for a confirmed one-hour candle close above or below the defined levels to avoid false breakouts.
Risk Management: Ensure your position size aligns with your risk tolerance. Use stop-loss orders to protect your capital.
Market Volatility: Monitor economic news, earnings announcements, and geopolitical events as they can significantly impact Dow Futures prices.
Disclaimer
This analysis is for educational and informational purposes only and does not constitute financial advice. Futures trading involves significant risk and is not suitable for every investor. You may incur losses greater than your initial investment. Always consult a licensed financial advisor or perform your own due diligence before making trading decisions. The author assumes no responsibility for any trading outcomes based on this information.
Dow Futures Analysis FOR 21st November 2024Dow Futures Analysis (1-Hour Candle Close Strategy)
Current Level: 43,572
Buy Setup
Condition: Buy only if the price closes above 43,620 on a 1-hour candle.
Entry: Enter a buy trade when the next 1-hour candle breaks the high of the breakout candle.
Targets:
T1: 43,700 (short-term target).
T2: 43,820 (extended target).
Stop-Loss: Below the low of the breakout candle (depending on risk tolerance).
Sell Setup
Condition: Sell only if the price closes below 43,175 on a 1-hour candle.
Entry: Enter a sell trade when the next 1-hour candle breaks the low of the breakdown candle.
Targets:
T1: 43,050 (short-term target).
T2: 42,900 (extended target).
Stop-Loss: Above the high of the breakdown candle.
Risk Management
Risk only 1-2% of your trading capital per trade.
Position size should be adjusted based on the distance between entry and stop-loss.
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Trading in futures markets involves significant risk and is not suitable for all investors. There is no guarantee of profit, and losses can exceed your initial investment. Always perform your own research or consult a professional financial advisor before making trading decisions.
Dow Futures Trading Strategy 20th November 2024Dow Futures Trading Signal
Current Value: 43,409
Trading Levels:
Buy Above: 43,600
Trigger a long position when the price closes above 43,600 on a 1-hour candle.
Resistance Levels:
R1: 43,750
R2: 43,900
Sell Below: 43,250
Trigger a short position when the price closes below 43,250 on a 1-hour candle.
Support Levels:
S1: 43,100
S2: 42,900
Key Notes:
Always wait for confirmation of a 1-hour candle close above or below the specified levels before initiating trades.
Use proper risk management techniques, including stop-loss orders placed slightly outside key support and resistance zones.
Additional indicators like moving averages or MACD can provide further confirmation.
Disclaimer:
This analysis is for informational and educational purposes only and does not constitute financial advice. Trading futures involves significant risk and may not be suitable for all investors. Ensure you fully understand the risks involved and consult a licensed financial advisor before trading. Past performance does not guarantee future results. Trade responsibly.
Dow Futures Trading Levels for 19th November 2024. Dow Futures Trading Levels (Based on 1-Hour Candle Chart):
Buy Above: 43,670 (Consider entering a buy position if the price breaks and sustains above this level on the 1-hour candle, signaling potential bullish momentum.)
Sell Below: 43,375 (Consider entering a sell position if the price drops and sustains below this level on the 1-hour candle, signaling potential bearish momentum.)
Current Value: 43,520
Key Levels to Watch:
Resistance Levels:
43,750 – 43,800
43,900 – 44,000
Support Levels:
43,450 ,43,300 , 43,200
Trading Tips:
Book Profits Regularly: Take partial profits near key resistance levels or major price zones to secure gains.
Use Trailing Stop-Loss: Set a trailing stop-loss to protect your profits while allowing the trade to follow the trend.
Watch for Confirmations: Ensure price action sustains above or below the given levels on the 1-hour candle before entering trades.
Disclaimer:
This analysis is based on technical indicators and the 1-hour candle chart. The information provided is for educational and informational purposes only and should not be considered as financial or trading advice.
Risk Management Guidelines:
Always confirm price action (e.g., breakouts, breakdowns, or reversals) at the specified support and resistance levels before making decisions.
Use stop-loss orders and proper position sizing to minimize risk.
Stay updated on economic news and market events that may influence Dow Futures.
Risk Disclosure:
Trading futures involves substantial financial risk and may not be suitable for all investors. Prices can be highly volatile, and there is no guarantee of profit or protection against losses. Consult with a licensed financial advisor before making any investment or trading decisions. Trade only with funds you can afford to lose.
Dow Futures Trading Strategy for 15th November 2024Dow Futures Trading Strategy
Current Price: 43888
Key Trading Levels:
Buy Signal: Close above 44,225 on the one-hour candle
Sell Signal: Close below 43,800 on the one-hour candle
Strategy Overview:
Buy Strategy:
Trigger Level: 44,225
Action: Enter long positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 44,400 and 44,500
Sell Strategy:
Trigger Level: 43,800
Action: Enter short positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 43,600 and 43,500
Market Insights:
The price is currently at 43888.
Key support and resistance levels to watch are between 43,800 to 44,200.
Disclaimer: This analysis is for educational purposes only. Please conduct your own analysis before making any trading decisions.
Dow Trading Strategy for 13th November 2024Dow Trading Strategy: Buy Above 44,300 / Sell Below 44,030
Current Price: 44,025.00 USD
Key Levels:
Buy Signal: If the price closes above 44,300 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 44,030 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling.
Market Analysis:
The current price is hovering around 44,025.00 USD, just below the sell signal level.
The market is showing signs of bearish momentum, but it's important to monitor the price closely, especially around the 44,000 to 44,100 levels, which could act as support or resistance.
Recommendations:
Buy: If the price sustains above 44,300 on the one-hour candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 44,500 and 44,600.
Sell: If the price breaks below 44,030 on the one-hour candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 43,900 and 43,800.
Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
A comparison of US Economy under Trump Vs Joe Biden PresidencyIt is debatable whether any sitting US President can exert much control over an economy that is as large and as complex as that of the U.S. But Stock Markets are a fair indicator of the overall state of the US economy based on investor sentiment in the markets.
So let's have a look at the various factors that affected how the Dow Jones (as an illustrative example) and the US economy in general fared under Trump Vs Biden-Harris.
1. The DJI gained an impressive approx +12337 points (+67.22%) during the Presidency of Donald Trump, whereas it gained an equally impressive +11,868 points (+38.70%) under Biden-Harris.
2. Yet, the markets stumbled in the Second year of each Presidency - due to COVID lock downs, rising interest rates, Government shutdowns, Trade friction with China (under Trump), and rise in Inflation and interest rates (under Biden).
3. Year-3 was best under each Presidency, with impressive returns and dividends partly driven by reduction in interest rates (under Trump), Billions of Dollars in Stimulus packages, and reopening of economy post COVID and burgeoning AI driven boom (under Biden) and also lowering of interest rates (late into Biden Presidency).
4. Americans enjoyed relatively low Inflation under Trump, whereas resurgence of Inflation has been the biggest problem of Biden-Harris administration. The COVID induced supply chain snarls, geopolitical pressures, unleashing of pent-up demand, all pushed prices sharply higher under Biden-Harris.
5. Inflation has since cooled, most supply chains have normalised, Aggressive Fed rates have helped bring down price growth, still Inflation has increased by +20% during Biden-Harris Presidency and Americans are grappling under it's debilitating effects.
6. The US economy added 6.8 million jobs in the first three years under Trump, it then lost 9.8 million jobs in 2020 producing a Net Loss in employment under Trump. The US added 16.4 million jobs under Biden-Harris.
7. Americans ability to spend is usually their view of the economy. It is no surprise that most Americans feel they did better under Trump, when although wages were lower, but so was Inflation, with average hourly earnings rising +6.4% under Trump. While a tight labour market brought significant wage growth for most Americans under Biden-Harris, high Inflation has restricted purchasing power. The REAL Inflation adjusted wage growth under Biden-Harris is only +1.4%.
8. Notwithstanding a strong job market and economy under Biden-Harris, consumers aren't pleased with economic the conditions. But the Biden-Harris administration inherited a country suffering from the COVID pandemic fallout and soon Inflation added to the woes. Considering these factors Biden-Harris has done a fair job of keeping it together despite the added presuure of global geopolitical challenges.
Even as the US markets are at All Time High levels, confidence in the trajectory of the economy is very low. The Gallup's Global Life Evaluation Index for US is registering low levels of confidence typically seen during recession.
So, which Presidential candidate Trump or Harris, do you think will be better for the US economy in General and US and global markets in particular?
Please let us know in the comments below.
And we will have to wait and see who wins the elections this time and how the markets react.
Will NIFTY consolidate or will show a strong SELL OFF ?Nifty has touched the upper trendline, previously whenever Nifty has touches the upper trendline it has give a correction or a sideways movement and slow downward movement.
23800 looks like a strong support zone also a breakout point for the Flag pattern. It can touch it and have a strong retest at that level and start its journey towards 24800 levels !!
ADANIGREEN, Technical OutlookWith a bearish cross of bands the price has been trading in the negative zone. From these levels the price could give a short trade of 9% to 10%. The level of R1-1,870 can be used as a maximum stroploss level.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
TATACONSUM, Breakdown of Descending Triangle PatternThe price has given a strong breakdown of Descending Triangle pattern. Also the degree and nature of separation in bands also indicates a downtrend. Hence we are in a downtrend and the price could test the lower levels of 1,048 and if broken then 1,028.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
ITC Technical Outlook, Support Broken with a strong momentumToday an important support of 423 has been broken with a strong momentum having RSI below 40. The price could test the next support level of 414 and if broken then we go for 400.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
TATASTEEL, Technical OutlookThe price is in a strong down trend. Today's candle has changed the character of price.
The next important level to consider is 162.30 and if broken then the price could test the levels of 158. Also the degree and nature of separation in both bands indicates the price is entering in the compression zone.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
SHREECEM, Weekly Chart Technical OutlookA strong bearish piercing candle formed in the compression zone.
The candle gives a strong breakdown of the bands.
Trend is negative with medium strength.
The probability of down move of 7% is more than 60%
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Vedanta Levels, Inverted Hammer formed on Weekly ChartAn Inverted Hammer candle formed on the top of the trend. I use the Fibonacci tool for levels.
Zone : Expansion
Trend : Negative
Probability > 65% (On Scale)
CMP : 460.80
R1 : 507.10
S1 : 436.60
S3 : 393.00
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BHARTIARTL SHORTBharti Airtel has finished Wave 5 according to the Elliot Wave Theory and is poised for a correction. We're currently anticipating a strong follow-up candle to the recent Lower High (Spinning Top Candle), which could signify a trend reversal.
ADDITIONALLY, ENDING DIAGONAL TRAIANGLE CAN ALSO BE SEEN.
Potential Future Outlook for XAUUSD - March 12th, 2024Why We Think the Price Might Drop:
1. The support level broke at 2160 and is being tested again.
2. The RSI (Relative Strength Index) is around 40, suggesting a signal to sell.
3. The Super Trend indicator indicates a bearish trend.
What Might Happen Next:
Overall, it might be a good idea to sell XAUUSD when the price is around 2160 . We're aiming for targets around 2145 .
Potential Future Outlook for XAUUSD - March 10th, 2024Why We Think the Price Might Drop:
1. The price is hitting a trendline around 2195-2205 .
2. We expect a correction after a big increase in price.
What Might Happen Next:
Overall, it might be a good idea to sell XAUUSD when the price is between 2200-2210 . We're aiming for targets around 2145 and 2085 afterwards.