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BANKNIFTY November 12, 2023- Special Trading SessionBulls will continue their triumph in the short-mid term? In Friday's session we saw gap down as predicted and formation of triangle and flag patterns followed by breakouts. I hope you all had good profits. Personally I liked the chart and it was remarkable. NSE:BANKNIFTY Prediction for Nov 12 Muhurat Trading Day Bank Nifty is likely to open gap up on Nov 12 Muhurat trading day. This is because the index has closed at its day's high on Nov 11, and the global market sentiments are also positive. The key levels to watch on Nov 12 are: Support: 43600, 43400 Resistance: 44200, 44400 If Bank Nifty opens gap up above 44200, it is likely to continue its upward momentum and test the 44400 level. However, if it opens below 43600, it is likely to face some selling pressure and may fall to the 43400 level. I have plotted interim support and resistance levels for scalpers and day traders. Global Market Sentiments Global market sentiments are positive on Nov 12. Asian markets are trading higher, and US stock futures are also pointing to a higher open. This is likely to support the Bank Nifty bulls and lead to a gap up opening. I am bullish on Bank Nifty in the short and medium term. I believe that the index is likely to continue its upward trajectory on Nov 12 Muhurat trading day. However, traders should be cautious and use stop-loss orders to protect their capital.
NSE:BANKNIFTYLong
by UnknownUnicorn34628734
Analysis: Nasdaq 100 Bullish Flag Breakout TradeAnalysis: Nasdaq 100 Bullish Flag Breakout Trade Based on the bullish flag pattern breakout in Nasdaq 100 and your expectation of more buyers entering the market, i have identified a trade opportunity. With a buy entry at 15129.7, a stop loss at 14626.0, and a take profit at 16694.7, i have defined your risk and reward targets. Here is a breakdown of the analysis for this trade setup: Index: Nasdaq 100 (Ustec100) Entry Price: 15129.7 Stop Loss (SL): 14626.0 Take Profit (TP): 16694.7 Bullish Flag Pattern Breakout: i have observed a bullish flag pattern in the Nasdaq 100 index, which is a continuation pattern indicating a potential upward move following a brief consolidation phase. The breakout from the flag pattern suggests that the bullish momentum is likely to continue, attracting more buyers into the market. Entry Point (15129.7): My chosen entry point is at 15129.7. This entry point should be determined based on my analysis of key support and resistance levels, trend lines, or other technical indicators that confirm the breakout and indicate a favorable entry for the anticipated upward move. Stop Loss (14626.0): To manage risk, i have set a stop loss at 14626.0. This level is placed below a significant support level or a point that, if breached, would invalidate the bullish scenario. The stop loss acts as a safeguard, helping to limit potential losses in case the trade moves against your expectations. Take Profit (16694.7): My take profit level is set at 16694.7. This level represents my target for closing the trade and taking profits. It should be determined based on resistance levels, Fibonacci extensions, or other technical indicators that suggest potential areas where the price might encounter selling pressure or reach a significant target. It's important to note that market conditions can change rapidly, and it's crucial to monitor price action and adjust your trade management accordingly. Additionally, consider fundamental factors, economic data, and news events that may impact the Nasdaq 100 index, as they can influence market sentiment and price movement. Please conduct your own comprehensive analysis and use risk management strategies to protect your trading capital. Following a well-defined trading plan and staying disciplined are vital for successful trading in the financial markets.
OANDA:NAS100USDLong
by Jazzy_Qmolautsi
PRISM Johnson : Breakout Candidate Weekly Chart#prsmjohnsn #flagpattern #breakout Prism Johnson (Weekly) : Breakout Candidate >> Short term (1-3 Months) >> Good Consolidation after a Impulsive Move >> Flag Structure Visible, Breakout will give Good Upmove >> Good Weekly Volumes Spurt >> Good Strength Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:PRSMJOHNSNLong
by moneyfesttrading
BITCOIN Last Time Breakout Divergence#BITCOIN 1hr. Chart Analysis As per present scenario, after reached out $35.9k in last week, CRYPTOCAP:BTC lower support already one of the previous one is $33.3k that was never broke down in previous times to much easily as well not this time too, but its also never break-out $35.2k mark very easy soon and previously many times too. So, its the exact scenario here again in October month end arrival soon, either it breaks their resistance of $35.2k this time, but if rejects from their then may be other chances to try-out for lower-low support of $33.3k again final time too... Lets, see whats the market and whalers mood of October month end, Just wait n watch but, always #DYOR before invessting in Crypto and Trade wisely by using #StopLoss. Also, Follow Me and Share it, Comment it and Like IT....
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by AskToRahulSirohi