Editorspick
FINNIFTY! - How I made 112% profit 💸Hey Pivster's
So, as we know today was expiry for NSE:FINNIFTY1! and market had open with a bullish sentiment at the early hours of the opening bell with good buying force seen in initial minutes of the market as OPEN=LOW too.
Buying force was submerged as the first 15min candle closed above the reversal camarilla pivot level H3...after that buyers were not able to push the price the initiative camarilla pivot level H4 and in fact profit booking of BTST players was seeing too.
Now, comes the first dip towards Daily H3 pivot level from where the bounce was seen by help of responsive participants, but not strong enough to break the current day high set in the initial candle of market opening and a visible "tweezer top" candlestick pattern was seen formed near day's high (marked inside the red box).
Immediately, the next thing we see is a big seller's candle which closed near to day's low thus giving a confirmation of a "double top" formation near day's high and formation of the "M-Pattern" for the day with "neckline" being near the reversal camarilla pivot point.
This whole scenario above has triggered the GPZ Setup which the index has been for the day and a clear trend reversal or pause sentiment was known to the market on basis of -
* Type of CPR formed
* Pivot Analysis
* 2D CPR relationship
HOW WE WOULD HAVE TRADED THIS SETUP FOR DAY:
Now, that we know the GPZ setup has triggered for the day we had to wait for the retest for either PDH OR DH3 for our entry towards the target of DL3 or Pivot point of the day with our SL being current day's high or DH3 whichever was higher.
A simple retest towards PDH was triggered with the SL as DH3 which had an additional confluence of neckline from the M-pattern that was formed in the first half of the market.
Finally, we received our target of DL3/Pivotpoint by the closing bell of the market and this also marked a close for our -
"Trade which made us 112.82% in profits or doubled our capital in under 20mins"
P.S. Screenshot of the trade's order book is attached in the chart itself!
This was the synopsis for yet another simple analysis for the broader index as a whole thus showing you that trading has to be kept simple and executed with patience and risk defined beforehand.
If you liked the content, then share with your friends, family, fellow traders and dear ones :)
Regards,
Mukkull
Turbo Breakout Setup: High-Probability Trades with Precision.NSE:CNXFINANCE
Hello Traders,
In this video, I have explained a Breakout trading setup that will generate only high-probability breakout trades, that have high success rate than another breakout.
The setup is based on a pure price action structure and does not require any indicators just we are using volume as a confirmation tool.
Why does this setup work?
The logic is very simple
let's talk about the 1st variation of this setup:- Fake Breakout
as you can see in this setup most of the time the structure completes after a fake breakout.
So that fake breakout means the short sellers in the correction phase trying to defend there stop loss and make prices go down but what do you think for how long they will be able to defend that zone when buyers' strength is increasing? so after that when buyers push the price a little above-failed breakout zone the price hits short sellers stop losses and include new buying at that level to push prices toward the sky.
What about scenario 2nd:- NO failed breakout but horizontal range inside trend resistance line.
When the trend Resistance line and horizontal line break at the same price point it invites many traders to put a limit order above that horizontal line and most of the short sellers also have put their stop loss when that zone hit the price again and start moving towards the sky.
Other factors and detailed setup have been explained in the video.
Any setup is useless without a pre-defined stop loss cause you need to focus on capital protection first then you can aim for profits.
Always take calculated risks and use proper position sizing.
This is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy Trading!
Investors' Holy Grail - The Business/Economic CycleThe business cycle describes how the economy expands and contracts over time. It is an upward and downward movement of the gross domestic product along with its long-term growth rate.
The business cycle consists of 6 phases/stages :
1. Expansion
2. Peak
3. Recession
4. Depression
5. Trough
6. Recovery
1) Expansion :
Sectors Affected: Technology, Consumer discretion
Expansion is the first stage of the business cycle. The economy moves slowly upward, and the cycle begins.
The government strengthens the economy:
Lowering taxes
Boost in spending.
- When the growth slows, the central bank reduces rates to encourage businesses to borrow.
- As the economy expands, economic indicators are likely to show positive signals, such as employment, income, wages, profits, demand, and supply.
- A rise in employment increases consumer confidence increasing activity in the housing markets, and growth turns positive. A high level of demand and insufficient supply lead to an increase in the price of production. Investors take a loan with high rates to fill the demand pressure. This process continues until the economy becomes favorable for expansion.
2) Peak :
Sector Affected : Financial, energy, materials
- The second stage of the business cycle is the peak which shows the maximum growth of the economy. Identifying the end point of an expansion is the most complex task because it can last for serval years.
- This phase shows a reduction in unemployment rates. The market continues its positive outlook. During expansion, the central bank looks for signs of building price pressures, and increased rates can contribute to this peak. The central bank also tries to protect the economy against inflation in this stage.
- Since employment rates, income, wages, profits, demand & supply are already high, there is no further increase.
- The investor will produce more and more to fill the demand pressure. Thus, the investment and product will become expensive. At this time point, the investor will not get a return due to inflation. Prices are way higher for buyers to buy. From this situation, a recession takes place. The economy reverses from this stage.
3) Recession :
Sector Affected : Utilities, healthcare, consumer staples
- Two consecutive quarters of back-to-back declines in gross domestic product constitute a recession.
- The recession is followed by a peak phase. In this phase economic indicators start melting down. The demand for the goods decreased due to expensive prices. Supply will keep increasing, and on the other hand, demand will begin to decline. That causes an "excess of supply" and will lead to falling in prices.
4) Depression :
- In more prolonged downturns, the economy enters into a depression phase. The period of malaise is called depression. Depression doesn't happen often, but when they do, there seems to be no amount of policy stimulus that can lift consumers and businesses out of their slumps. When The economy is declining and falling below steady growth, this stage is called depression.
- Consumers don't borrow or spend because they are pessimistic about the economic outlook. As the central bank cuts interest rates, loans become cheap, but businesses fail to take advantage of loans because they can't see a clear picture of when demand will start picking up. There will be less demand for loans. The business ends up sitting on inventories & pare back production, which they already produced.
- Companies lay off more and more employees, and the unemployment rate soars and confidence flatters.
5) Trough :
- When economic growth becomes negative, the outlook looks hopeless. Further decline in demand and supply of goods and services will lead to more fall in prices.
- It shows the maximum negative situation as the economy reached its lowest point. All economic indicators will be worse. Ex. The highest rate of unemployment, and No demand for goods and services(lowest), etc. After the completion, good time starts with the recovery phase.
6) Recovery :
Affected sectors: Industrials, materials, real estate
- As a result of low prices, the economy begins to rebound from a negative growth rate, and demand and production are both starting to increase.
- Companies stop shedding employees and start finding to meet the current level of demand. As a result, they are compelled to hire. As the months pass, the economy is once in expansion.
- The business cycle is important because investors attempt to concentrate their investments on those that are expected to do well at a certain time of the cycle.
- Government and the central bank also take action to establish a healthy economy. The government will increase expenditure and also take steps to increase production.
After the recovery phases, the economy again enters the expansion phase.
Safe heaven/Defensive Stocks - It maintains or anticipates its values over the crisis, then does well. We can even expect good returns in these asset classes. Ex. utilities, health care, consumer staples, etc. ("WE WILL DISCUSS MORE IN OUR UPCOMING ARTICLE DUE TO ARTICLE LENGTH.")
It's a depression condition for me that I couldn't complete my discussion after spending many days in writing this article. However, I will upload the second part of this article that will help investors and traders in real life. This article took me a long time to write. I'm not expecting likes or followers, but I hope you will read it.
Have a great day :)
@Money_Dictators
NIFTY INTRADAY SUPPORT & RESISTANCE LEVELS FOR [05-05-2022]Yesterday the market declined due to the negative outcomes of RBI monetary policy.
sgx nifty indicating a higher opening around 16850
Nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
Happy trading & keep learning.
Bitcoin's lifetime Fibonacci Lines & DiaryBitcoin is going to face pressure from two support lines that you can see on the chart and while people find a lot of correlation between S&P 500 Index Chart to that of bitcoin, we can assume that there's huge volatility across the global markets and not just cryptocurrencies.
I've drawn multiple scenarios for reversal without having an ambitious target like bitcoin maximalists or Cathie Woods. It's possible but not anytime soon.
Stick to entering your positions on any resistance line that could potentially become support.
And stay away from scalping for a few weeks :D
TRADING TRIANGLE : IRFC -- POSITIONAL TRADE --NSE:IRFC
>Forming a triangle on 4-hour time frame
>It has breakout on the line chart but not on candlestick chart.
> For good confirmation we should wait to align both charts ( line and candlestick ).
> IRFC is facing heavy resistance at 25.50 to 26.50 range if this break then we can initiate a long position.
>Entry above - 26.50.
> RSI has bullish divergence on daily timeframe.
> There is no past trading data at this level so the target shall be a measured move of triangle range.
#Fundamentals
>Current price is below its intrinsic value.
>Its P/E ratio is less than its peers, which makes it undervalued.
>The financials are getting better and the company reported increased profit.
>Revenue is growing at a higher rate than the industry average.
The Ultimate Price Action Breakdown Strategy Preface
Alright, the operation started after creating an extreme low at 120.20. Price has created an upward channel from the extreme low, where the equilibrium has occurred between bull and bear traders. Control line has given eleven touches, which shows the strong gravitation at the middle.
Here, we can see four reversals on the upper band, and three reversal points occurred on the lower band.
We have two opportunities:
1. Now, the price is on the H-line, and the breakout of the h line indicates the lower band touch.
2. Bull can buy at excess, or they can enter at reappearing in the value area for the target of the control line.
Every beginner who wants to start trading with naked strategy (without indicator) can use this method because the price is the thing that will pay you.
Let me explain to you important aspects of the breakdown strategy.
Value area:
A zone in which bulls and bears both are satisfied to stay within it.
In this zone, supply and demand equally exist.
Ascending Value area:
Range-Bound Value area:
Descending Value Area:
Value area has two bands:
Upper band:
Upper band indicates demand-supply.
In this chart, the price has taken four reversals from the upper band to maintain the equilibrium.
The upper band put a stop to the bull power.
Lower Band:
The lower band indicates demand pressure.
In this chart, the price has taken three reversals from the lower-band to maintain the equilibrium.
The lower band put a stop to bear power.
------------------------------------------
No trading zone:
In order to respond to either bull or bears initiative, the price creates an area. In which no trading activities have taken.
It helps to find the weakness of any particular move.
------------------------------------------
H Line:
After completing the last share move, the price creates the bulk trading activities, where bulls' power becomes dull.
Breakout of the H-line indicates the cease of the particular move.
------------------------------------------
Excess:
Excess is regret and fake-out.
In simple words , price breaks the upper band and again re-enter into the parallel channel.
Buying or selling at the excess is the perfect deal. An excess is a signal of reversal.
The psychology behind the control line :
Price is forming in the parallel channel, but bulls are not satisfied with the current trend. That's why bulls increase demand pressure to break the upper band of the value area. After breaking the upper band, bulls face some problems with profit booking. Now, bulls realize that the price is not going up. Bulls give up on the thought of trend change. Bears were watching this patiently. And after they realize that prices are too high, they increase supply pressure above the upper band of the channel. Now bulls are out of the market, and the seller has maintained the equilibrium & Vice versa.
------------------------------------------
Control line:
The Control line is the gravitation point of any value area. We can draw by connecting the reversal points in the middle.
The more the points are available, the higher the effectiveness.
Please note that the price can not stay away from the control line of the value area. We can use it as a price target or breakout trade.
Here, the price has given eleven touches on the control line.
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Breakout or breakdown of the channel:
Bulls and bears both disagree with the current price trend.
Either bulls or breaks out the value area by giving consistent closing.
It often happens after a complex correction or trend change.
I will upload practical work on this idea. Kindly wait for the implementation.
Thank you for your support.
To be continued.....
** Nifty & Banknifty Trading setup for 19 Jan **
Market Analysis for 19 Jan 2022 (Wednesday )
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* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 18051.60-18075.15 | 1st Resistance Area : 18153.16-18170.39
2nd Support Area : 17949.06-17973.65 | 2nd Resistance Area : 18270.05-18291.17
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 38031.64-38098.74 | 1st Resistance Area : 38396.48-38480.75
2nd Support Area : 37705.30-37798.27 |
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Expectation : As for tomorrow expecting a flat negative market.
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If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
SHORT BELOW 17142 LEVELWhy this Trade..??
1.Head & Shoulders Pattern(Depth is still Pending)
2.Market Sentiment
3.Trading in a Falling Path
4.Next Support 16690 is yet to reach
Buy or Sell based on the Support Break with Volume
This Analysis works for sure!!!
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
** Trading is a way of life not just an occupation ** ** Nifty & Banknifty Analysis & Trade Setup **
Market Analysis for 03.12.21 (Friday )
*******************************************************
* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 17281.01-17301.60 | 1st Resistance Area : 17441.65-17428.18
2nd Support Area : 17169.86-17201.72 | 2nd Resistance Area : 17529.79-17553.26
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 35587.68-35762.20 | 1st Resistance Area : 36664.12-36784.61
| 2nd Resistance Area : 37115.96-37251.51
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Expectation : As for tomorrow expecting a positive negative market.
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If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
** Nifty & Banknifty Analysis & Trade setup for 2 Dec**
Market Analysis for 02.12.21 (Thursday )
*******************************************************
* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 17084.75-17066.23 | 1st Resistance Area : 17202.52-17218.33
2nd Support Area : 16927.74-16950.69 | 2nd Resistance Area : 17324.51-17341.29
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 35534.82-35656.37 | 1st Resistance Area : 36702.09-36784.21
2nd Support Area : 34898.97-34990.32 | 2nd Resistance Area : 37099.53-37218.90
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Expectation : As for tomorrow expecting a positive market.
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|| Don't look Back || Nifty & Banknifty Trade setup for 1 Dec
Market Analysis for 01.12.21 (Wednesday )
*******************************************************
* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 17304.90-17323.40 | 1st Resistance Area : 17713.05-17735.70
2nd Support Area : 17216.70-17233.05 | 2nd Resistance Area : 17635.15-17652.05
3rd Support Area : 17113.25-17129.35 | 3rd Resistance Area : 17549.25-17570.60
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 36591.15-36674.85 | 1st Resistance Area : 37721-37847.85
2nd Support Area : 36189.15-36263.60 | 2nd Resistance Area : 38586.00-38677.30
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Expectation : As for tomorrow every thing has been said in the video.
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RELIANCE took support from TrendlineWhat s up Traders,
Everyone's favorite Reliance INDS took support from weekly trendline and previous swing high.. One can Initiate a good long position in RIL according to their risk reward setup.. Best range for SL would be below the trendline..
Thanks!!! NSE:RELIANCE
** Nifty & Banknifty trade setup for 24 Nov (Beware of Traps)**
Market Analysis for 24.11.21 (Wednesday )
*******************************************************
* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 17304.90-17323.40 | 1st Resistance Area : 17713.05-17735.70
2nd Support Area : 17216.70-17233.05 | 2nd Resistance Area : 17635.15-17652.05
3rd Support Area : 17113.25-17129.35 | 3rd Resistance Area : 17549.25-17570.60
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 36591.15-36674.85 | 1st Resistance Area : 37721-37847.85
2nd Support Area : 36189.15-36263.60 | 2nd Resistance Area : 38586.00-38677.30
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Expectation : As for tomorrow every thing has been said in the video.
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If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
** Nifty & Banknifty Trade setup for 23 Nov **
Market Analysis for 23.11.21 (Tuesday )
*******************************************************
* Nifty 50 *
---------------------
Support Area Resistance Area
-------------------- -----------------------------------
1st Support Area : 17294.45-17312.50 | 1st Resistance Area : 17490.30-17509.40
2nd Support Area : 17080.20-17100.20 | 2nd Resistance Area : 17552.25-17564.90
3rd Resistance Area : 17635.15-17647.55
* Nifty Bank *
------------------------
Support Area Resistance Area
----------------------------- ----------------------------------
1st Support Area : 36669.90-36864.55 | 1st Resistance Area : 37787.95-37926.00
2nd Support Area : 36170.10-36263.60 | 2nd Resistance Area : 38586.00-38677.30
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Expectation : As for tomorrow we should look a place where we want to short the market both nifty and banknifty.
The Trend is Bearish. But at this levels we cannot short because the market is all ready oversold.
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