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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
INDEX:BTCUSD
by mrinalsethi
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.
NSE:IRFCLong
by SANJAYPATIDAR_
10
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. ------------------------------------------ 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.....
NSE:INDUSTOWEREducation
by forextidings
55
** Nifty & Banknifty Trading setup for 19 Jan ** Market Analysis for 19 Jan 2022 (Wednesday ) ******************************************************* * 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 | ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow expecting a flat negative market. --------------------------------------------------------------------------------------------------------------------------------------------------------------- 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.
NSE:NIFTY
by Shruti_Advisory
** 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 ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow expecting a positive negative market. --------------------------------------------------------------------------------------------------------------------------------------------------------------- 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.
NSE:NIFTY
by Shruti_Advisory
** 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 ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow expecting a positive market. ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by Shruti_Advisory
|| 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 ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow every thing has been said in the video. ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by Shruti_Advisory
** 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 ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow every thing has been said in the video. --------------------------------------------------------------------------------------------------------------------------------------------------------------- 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.
NSE:NIFTY
by Shruti_Advisory
** 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 ----------------------------------------------------------------------------------------------------------------------------------------------------- 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. ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by Shruti_Advisory
** Nifty & Banknifty Analysis for 22 Nov **We can be rich only by adding value to someone's life. Chose your Risk Reward ration wisely. Market Analysis for 22.11.21 (Monday ) ******************************************************* * Nifty 50 * --------------------- Support Area Resistance Area --------------------------- ----------------------------------- 1st Support Area : 17578-17536 | 1st Resistance Area : 17875 - 17857 * Nifty Bank * ------------------------ Support Area Resistance Area ----------------------------- ---------------------------------- 1st Support Area : 37723-37823 | 1st Resistance Area : 38431 - 38292 2nd Support Area : 37218-37317 | 2nd Resistance Area : 38926 - 39114 ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow we should look a place where we want to short the market noth nifty and banknifty. The Trend is Bearish. But at this levels we cannot short because the market is all ready oversold. --------------------------------------------------------------------------------------------------------------------------------------------------------------- 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.
NSE:NIFTYShort
by Shruti_Advisory
** Nifty & Banknifty Analysis for 11 Nov ** Market Analysis for 11.11.21 (Wednesday ) ******************************************************* * Nifty 50 * --------------------- Support Area Resistance Area --------------------------- ----------------------------------- 1st Support Area : 17952.90-17969.00 | 1st Resistance Area : 18044.25-18053.90 2nd Support Area : 17872.55-17890.90 | 2nd Resistance Area : 18087.90-18099.15 * Nifty Bank * ------------------------ Support Area Resistance Area ----------------------------- ---------------------------------- 1st Support Area : 38626.70-38741.45 | 1st Resistance Area : 39140.85-39195.05 2nd Support Area : 38390.70-38469.10 | 2nd Resistance Area : 39370.80-39430.65 ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow Banknifty Looks bearish . People are having Short position in Nifty and Long in Banknifty . This is what looks like. --------------------------------------------------------------------------------------------------------------------------------------------------------------- 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.
NSE:NIFTY
by Shruti_Advisory
Don't Diddle in the Middle Market Analysis for 10.11.21 (Tuesday ) ******************************************************* * Nifty 50 * --------------------- Support Area Resistance Area --------------------------- ----------------------------------- 1st Support Area : 16229.35-16241.70 | 1st Resistance Area : 16267.35-16287.10 2nd Support Area : 16176.10-16195.95 | 2nd Resistance Area : 16321.25-16338.35 * Nifty Bank * ------------------------ Support Area Resistance Area ----------------------------- ---------------------------------- 1st Support Area : 39187.30-39224.90 | 1st Resistance Area : 39503.40-39559.95 2nd Support Area : 38936.15-38982.85 | 2nd Resistance Area : 39717.05-39773.50 ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow we are expecting a Positive Nifty & BankNifty. --------------------------------------------------------------------------------------------------------------------------------------------------------------- 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.
NSE:NIFTYLong
by Shruti_Advisory
Think & Trade Like Banks / Institutions / HNIYes it is possible. We have been taught many things but not the basics so that the 5% of the whole trading community remains profitable. The key to producing trading income in the stock markets is having a strategy that anticipates market turns and market moves with a very high degree of accuracy. To do this, you must be able to identify where banks and institutions are buying and selling in the market by looking at a price chart. This means training your eye to identify institution and bank demand and supply by looking at a price chart.
NSE:NIFTYEducation
by Shruti_Advisory
Trade Nifty & Banknifty with Zones & Pattern MARKET ANALYSIS AND PREDICTION FOR 21.10.21 (THURSDAY ) ******************************************************* * Nifty 50 * --------------------- Support AreaS Resistance AreaS --------------------------- ----------------------------------- 1ST Support Area : 18242.45-18260.90 | 1ST Resistance Area : 18328.65-18347.60 2ND Support Area : 18174.50-18191.45 | 2ND Resistance Area : 18387.90-18406.10 3RD Support Area : 18033.35-18050.20 | 3RD Resistance Area : 18457.40-18473.10 * Nifty Bank * ------------------------ Support Resistance ----------------------------- ---------------------------------- 1ST Support Area : 39294.60-39380.65 | 1ST Resistance Area : 39904.30-40009.00 2ND Support Area : 38782.15-38782.15 | ----------------------------------------------------------------------------------------------------------------------------------------------------- EXPECTATION : AS FOR TOMORROW I AM EXPECTING A NEGATIVE BankNifty. CHANCES OF Nifty REMAINING FLAT, RANGE BOUND IS HIGH. ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTYShort
by Shruti_Advisory
Nifty & Banknifty Analysis & Expectation for Tomorrow || 24 Sept Market Analysis & Setup for 24.09.21 (Friday ) || Expiry On 30 Sept ******************************************************* * Nifty 50 * --------------------- Support Area --------------------------- 1st Support Area : 17777.50-17793.05 | 2nd Support Area : 17691.20-17713.10 | * BankNifty * ------------------------ Support Area Resistance Area ----------------------------- ---------------------------------- 1st Support Area : 37241.60-37323.15 | 1st Resistance Area : 37921.05-38041.85 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.
NSE:NIFTY
by Shruti_Advisory
** Nifty & Banknifty Analysis & Prediction for 22 Sept ** MARKET ANALYSIS AND PREDICTION FOR 22.09.21 (WEDNESDAY ) EXPIRY ON 23 SEPT ******************************************************* * NIFTY 50 * --------------------- SUPPORT AREAS RESISTANCE AREAS --------------------------- ----------------------------------- 1ST SUPPORT AREA : 17520.20-17536.85 | 1ST RESISTANCE AREA : 17610.40-17632.80 2ND SUPPORT AREA : 17421.90-17438.80 | 2ND RESISTANCE AREA : 17691.20-17713.10 * NIFTY BANK * ------------------------ SUPPORT RESISTANCE ----------------------------- ---------------------------------- 1ST SUPPORT AREA : 37043.60-37175.05 | 1ST RESISTANCE AREA : 37557.15-37708.25 2ND SUPPORT AREA : 36805.70-36875.95 | ----------------------------------------------------------------------------------------------------------------------------------------------------- Here are the factors behind today's rally: 1 European markets on the up Despite weak US and Asian markets, positive European markets provided support to the Indian indices. The European indices FTSE, CAC, DAX were up over 1 percent each after the European Central Bank policymakers said the recent inflation surge was temporary. 2 Dow Futures up over 300 points US stock futures also bounced a day after global markets were roiled by concerns that the potential default by Evergrande, the world’s biggest property developer, could hurt China’s real estate sector, banks and the global economy. 3 Short covering in most beaten-down sectors The rally was also supported by beaten-down sectors, with metal indices rallying over 2 percent after tanking nearly 7 percent in the previous session. Also, capital goods, oil & gas, IT and realty were seen the buying interest and gained 0.5-3.5 percent. Technical View The Nifty formed a bullish hammer kind of candle on the daily scale and closed with gains of around 165 points. Now it has to continue to hold above 17,500 zones, for an up move towards 17,650 and 17,777 zones, whereas support is placed at 17,350 and 17,272 zones. ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by Shruti_Advisory
Nifty & Banknifty Trade Setup for 6 Sept. MARKET ANALYSIS AND PREDICTION FOR 06.09.21 (MONDAY ) ON 9 SEPT ******************************************************* * NIFTY 50 * --------------------- SUPPORT AREAS --------------------------- 1ST SUPPORT AREA : 17307.10-17315.20 | 1ST RESISTANCE AREA : 17360-17380 2ND SUPPORT AREA : 17211.25-17225.50 | * NIFTY BANK * ------------------------ SUPPORT RESISTANCE ----------------------------- ---------------------------------- 1ST SUPPORT AREA : 36484.80-36552.40 | 1ST RESISTANCE AREA : 37043.60-37175.05 2ND SUPPORT AREA : 36145.75-36262.30 | 2ND RESISTANCE AREA : 37557.15-37708.25 PIVOT : 36830.25 ----------------------------------------------------------------------------------------------------------------------------------------------------- EXPECTATION : The short term trend of Nifty is in a strong mode and the broad market indices were also in driver's seat. One may expect showing another round of consolidation or minor profit booking from the new highs, before further upside in the next 1-2 sessions The next upside levels to be watched around 17,380 and immediate support is provided. This pattern has nullified a minor negative/consolidation pattern on the daily chart. ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTYShort
by Shruti_Advisory
Post Market Analysis & Outlook of the SetupThe markets is making new highs daily. For the long term, we are bullish, however, after such a move, the market might see some correction. Investors are advised to keep trailing stop losses to their positions, Technically, Nifty has formed a strong bullish candle on the weekly charts which is broadly positive. On daily and intraday charts, it also maintains a breakout continuation formation indicating further uptrend from the current levels. While the short-term trend remains positive, some profit-booking could be in the offing as traders may prefer to book some profits near 17,500 resistance level. For the trend following traders, 17,150 and 17,000 could be the important support levels while on the flip side, 17,500 and 17,700 could act as important resistance levels. Nifty is now headed for 17,375 and 17,400 in the coming few trading sessions. The levels of 17,200 and 17,280 will act as strong support levels(Intraday Basis) for the benchmark index. Traders can consider buying on every correction with strict stop loss as long as Nifty is trading above 17,150.
NSE:NIFTY
by Shruti_Advisory
1
Nifty & Banknifty Trade Setup for 3 Sept MARKET ANALYSIS AND PREDICTION FOR 03.09.21 (FRIDAY ) ON 9 SEPT ******************************************************* * NIFTY 50 * --------------------- SUPPORT AREAS --------------------------- 1ST SUPPORT AREA : 17211.25-17225.50 | 2ND SUPPORT AREA : 17131.05-17145.00 | 3RD SUPPORT AREA : 17075.55-17087.10 * NIFTY BANK * ------------------------ SUPPORT RESISTANCE ----------------------------- ---------------------------------- 1ST SUPPORT AREA : 36145.75-36552.40 | 1ST RESISTANCE AREA : 37043.60-37043.60 2ND SUPPORT AREA : 36484.80-36552.40 | 2ND RESISTANCE AREA : 37557.15-37708.25 ----------------------------------------------------------------------------------------------------------------------------------------------------- EXPECTATION : The short term trend of Nifty is in a strong mode and the broad market indices were also in driver's seat. One may expect further upside in the next 1-2 sessions, before showing another round of consolidation or minor profit booking from the new highs. The next upside levels to be watched around 17,500 and immediate support is placed at 17,150, A long bull candle was formed on the daily chart, that surpassed a reasonable negative candle of Wednesday and closed above it. This pattern has nullified a minor negative/consolidation pattern on the daily chart and this display a strength of upside momentum in the market. This is positive indication and one may expect more upside in the short term, ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by Shruti_Advisory