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IT Bees looks good for a positional medium-term play.#tradeideas #ITbees. Looks good for a positional medium-term play. -Nifty IT along with BN is supporting Nifty. -IT sector shows resilience in this market fall. - Positivity in US market (NASDAQ) - Easy to get in and out. Good liquidity. What could go wrong? - Overall bearish sentiments in our market. If NIFTY were to fall further, IT would follow suit. - Dependent on NASDAQ move, so pay close attention to US markets. Overall this is a low-risk setup. Risk is only 6.5-7%. Build positions sensibly. Risk management is key. Do not put all your money at once. And respect the SL. Building this position early because if we were to get a reversal soon then the rewards will be good. If the reversal is not sustained then our risk is still less. This is just a view and chart shared for educational purposes only.
NSE:ITBEESLong
by sagartharayil
Midcap Momentum: Will Resistance Break or Bears Take Control?This chart depicts a technical analysis of the NIP IND ETF MIDCAP 150, likely with daily candlesticks. Here's a detailed breakdown: ### Key Observations: 1. **Support and Resistance Levels**: - **R3 (Blue)**: Significant resistance near 220.82. - **R2 (Green)**: Intermediate resistance around 215.99. - **R1 (Orange)**: Support at 209.87. - **S1 and S2 (Yellow and Purple)**: Further support levels at 204.00 and 199.79, respectively. 2. **200-Day SMA**: - The blue line represents the 200-day Simple Moving Average (SMA) at 206.18, a crucial long-term trend indicator. The price is currently above the SMA, suggesting bullish momentum in the longer term. 3. **Price Action**: - The price recently rebounded from a support zone near 204 and is now testing intermediate resistance levels. - The formation of red candles near resistance (R2) indicates selling pressure, but a break above could indicate further upside potential. 4. **RSI Indicator**: - The RSI (Relative Strength Index) at 39.20 is in the lower neutral zone, suggesting slight bearish momentum. However, it is rising, indicating potential recovery. ### Potential Outlook: - **Bullish Scenario**: - A close above 215.99 (R2) could lead to a retest of 220.82 (R3). Sustained momentum above R3 could indicate further upside. - **Bearish Scenario**: - Failure to hold above 209.87 (R1) might see the price revisit 204.00 (S1) or even 199.79 (S2). ### Recommendation: - Monitor RSI and the price reaction near resistance levels. - For a long trade, consider entering on a breakout above 215.99 - For a short trade, watch for a rejection at current levels and target supports near 204.00 or 200. Would you like further analysis or specific trade setups based on this chart? Comment down
NSE:MID150BEES
by AnkurDasTrader
2
Hang Seng Tech - Defining MomentHSTECH has gone through a deep correction in last few years. My wave counts suggest that the bottom has been made and it's the beginning of the next leg up/ or at least a big enough pullback of the entire fall - in any case a good bullish trade. We have completed Wave 1 and 2 and Wave 3 has begun. Within wave 3, just minor 1 and 2 have been done and we are in 3 of 3. View negates if we break 2990. MAHKTECH is an ETF in India for trading this index. Disclaimer: Invested.
HLong
by pankajarora232
Bitcoin manipulation and scenarios of further price movement 🔥Monday started very stormy for the crypto market.🔥💥⚡️📉 And it showed that not only Elon Musk can manipulate the market. 😆 And while waiting for positive news, a random fake can create a storm in the desert. What happened today, when Mr. Bitcoin flew from 27.9k to 30k. The truth came out within 5 minutes, regarding BTC-ETF, and the price returned back, from where it started its flight "to heaven". 🗣What is my opinion: We have a lot of uncollected liquidity left at the bottom, which is needed, at a minimum, to break through 30K, as a maximum to go above 30+K. Liquidity is collected at the levels: 27.1K, 26.6K, 26K. That is where the price should come. Given that today the price has returned to the ascending D1 Channel, several scenarios are possible: 🔲1. The price will now move within the price channel, forming a Head and Shoulders, after which it will take away liquidity. 🔲2. The price will break through the ascending channel immediately and, having tested it, will take away liquidity. In any of the cases ‼️ ALWAYS ‼️ calculate your risks and operate your money management correctly. 🧰 The market is always unpredictable. 🔥 And very often, in addition to the news factor, other fundamental and statistical factors coincide, which greatly affect volatility. CRYPTOCAP:BTC #BinanceSquare #Binance #Bitcoin #BTC #etf
BITSTAMP:BTCUSDShort
by TrEKone