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BTC movement in continuation to update dated 21 Sep 2021 Time frame- 4H Exchange- Binance Coin- BTCUSDTPERP Chart includes the following Indicators 1. My own Custom Indicator - " Raptor Super Indicator " As per the above indicator composition: The current price level is already below EMA-13, EMA-21 & EMA-200 => Highly Bearish The current Parabolic Support and Resistance levels shows downward movement => Bearish 2. Yellow thick trendlines shows a breakout from the downtrend of yesterday, now moving sideways in a range bound manner as depicted in a Rectangular region. => still bearish as in downtrend movement. 3. Gann Fan Indicator Support area in which the current candles lies - at support of (line 8/1) => In negtive zone(bearish), if it's price breaks this Gann Fan support Line price along the move, then BTC will enter in a Highly Bearish zone that is below line 8/1 and can further go down till the price Support level S2- $36192 as shown in the chart by PIVOT indicator (Horizontal Support and Resistance Lines) 4. Fibonacci Retracement Indicator: The last Price support level - $ 37291. The current movement shows that the Bitcoin price might come to this level, if not may be retraces back upward from - $ 37500. My overall Technical Analysis says highly bearish , I may be wrong, but it may have a chance to go upward from current Gann support line otherwise doom is here tonight. We know the expected scenarios, now just have to be safe in this dump if it comes. Not a financial advice. Do your own research before investing . Do not trust me as the username says. Cheers and Happy Trading Fellas....
Short
by DoNotTrustMe
Trying to catch an ITC breakoutI tried multiple times to catch a breakout on ITC and it has had it's ups and downs. 1st position I built was on 1st June. I tried to be a little greedy with the possibility of a reward, chose Options. Bought 220 CE and ITC being ITC promptly retraced back below resistance, and pretty much wiped out the money in the position. The 2nd time I tried a month later when the pullback looked promising, and this time I went with a Future contract instead. It again fizzled out and I had to exit early as the Future position was naked and had started to bleed losses. The 3rd time I built the position the right way. I hedged my futures with just OTM puts, thereby capping the loss possibility. With the hedge margin benefit, I could open double the position and that offset the "loss" due to hedge. Once that was done, I was free to maintain and hold the position for as long as needed till a breakout did occur. Why was I confident about a breakout? Well ITC has been forming a multi year symmetrical wedge - with Lower Highs, and Higher Lows. Though this has an equal chance to break both sides, at a price point near 200-215 ITC is very fairly priced even for a consolidating market - and given the bullish market sentiment, quite underpriced comparatively. For now I am continuing to trail SL on ITC and for the medium term expect it to make an up move to catch up with the rest of the market. Learnings : 1. Stay away from naked options no matter how attractive they look . Though the rewards on Options looks awesome on paper, it is very very difficult to time a larger move correctly. More often than not, with a reversal you will quickly erode capital. Better avoid them to gain longer term rewards. 2. Always hedge your futures. You can in fact make more returns on a hedged position with twice the buildup, than you could with a naked single position - and you will still spend only half the margin requirement. 3. Be patient with your trades. Many a time we're looking for quick returns, especially if we're new in the market. The trick is to slow things down and look at the bigger picture. Make sure you limit your losses, and ride your winners for long - till they turn around decisively.
NSE:ITCEducation
by libinbond
1
Nifty: Gravestone doji observed after Bad Bank good NEWSNifty - Yesterday there was Press Conference where our Finance Minister came up with the idea of forming of a Bad Bank and buying Rs 2 lakh Cr NPA of PSU banks for Rs 30,000 Cr . - this would clear up all the NPA of PSU Banks and going forward would help in showcasing better ROI . This possible expectation of good news is possibly one of the reasons why we have seen our markets doing well in recent days. - However today on hourly charts we observe gravestone doji pattern - this is a bearish candlestick pattern Is the good NEWS being factored in? I have highlighted this view in the previous update in the comment section Time for you to decide. Do note: last time, in our Nifty update our SL got triggered at 17450 So due your own research and due diligence. Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
2
SBIN: Potential Channel tradeSBIN - there was a big positive announcement for PSU Banks yesterday evening by Finance Minister - On charts, we see SBIN trading near channel top levels given the set up, one may consider a Bear Call Spread strategy Sell 480 Call option currently around 8.6 Buy 510 Call option currently around 3.5 Net receivables in strategy Rs 7650/- per lot (yield potential of 11.5% on Margin requirement till 30 Sept expiry) More importantly the strategy has inbuilt loss protection for a rise in stock price up to 485.10 on 30 Sept Take care & safe trading...!!!
NSE:SBINShort
by indiamarketoutlook
6
Hindalco: Chart set up and trading strategyHindalco CMP 486 Potential Line of resistance around expiry comes at 513 levels _____________________________________________________________________________________________________ Given the set up, one may consider to Bear Call spread strategy Sell 510 Call option around 5 & Buy 540 Call Option currently around 1.7 Lot size 2150 Net receivables 3.3 * 2150 = Rs 7095 Yield potential of approximately 8% on margin requirement Importantly strategy has in built loss protection for a rise in stock price up to 513.30 till expiry Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:HINDALCOShort
by indiamarketoutlook
Nifty: Is Nifty shifting gearsNifty CMP 17308 - Nifty is still going up - however we see Nifty is struggling to keep up with the pace - From 30 March 2020, we observe Nifty trading in blue channel - however since 30 March 2021 exactly after 1 year, we see Nifty struggling to stay in blue channel and subsequently it came to the midpoint of yellow channel - currently it is at the crossroads and it looks likely it might shift to the yellow channel - the set up has potential target of 16800 over a few weeks Given the set up one may consider to sell 30 Sept expiry 17500 Call option around 100 The strategy has a yield potential of 6.5% approximately and provides in built loss protection for a rise up to 17600 till expiry Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
4
BHEL Chart set up and viewBHEL CMP 53.95 Observations - stock has done a 76.4% retracement - 200 day EMA around 53 - stock near trendline (which may act as support) given the set up one may consider to accumulate stock from medium to long term perspective ( at cmp and on further dips ) momentum / short term players may consider buying if closing is above 57 for target of 62 / 65 ______________________________________________________________________________________ F&O strategy Suggested : Bull Put Spread strategy One may consider Sell 50 Put option around 1.25 and Buy 45 Put option around 0.30 Lot size 10500 Net receivables Rs 9975/- per strategy lot (yield potential 14.5% approximately) Loss in strategy if BHEL closes below 49.05 on 30 September Take care & safe trading....!!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BHELLong
by indiamarketoutlook
1
Tata Steel: Channel trade potential for September seriesTata Steel - We observe Tata Steel trading in blue channel from 03 May to mid July - currently it is trading in mirror image red channel - RSI is between 40-60 Tata Steel could likely be revolving in the red channel for September month For Cash buying any dips towards 1245-1260 may be considered as good entry level __________________________________________________________________________________________________________ Given the set up, F&O strategy suggested for Tata Steel: Short Strangle It involves selling both Call and Put option simultaneously Sell 30 September expiry 1500 Call option Sell 30 September expiry 1260 Put option Combined Premium receivable approximately 42 Max profit potential in strategy Rs 35700/- per lot (11% yield potential) Loss in strategy, if Tata Steel closes above 1542 or below 1218 on 30 September Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TATASTEEL
by indiamarketoutlook
CHR(chromia Inverted Head an shoulders)CHR on 1 day TF has formed a Inverted Head and shoulder with multiple shoulders giving a higher probability of a big bullish momentum. Target 1 is given and we will keep target 2 open as experts believe CHR can fetch up to 140% in short term. Buy only after neckline breakout. RSI is also above 60 and MACD has given a crossover(weak crossover, but still there is a crossover ). Taking these 3 indications its safe to buy the crypto after breakout.
Long
by neerajmali25
Nifty: 12th August Weekly expiry view Nifty Observations - Nifty managed to close in the green; however Index Futures OI reduced by 3.62% - if Nifty trades below 16325 then it would form lower top - lower bottom in ultra short term and could increase probability of short term down trend - however given it is weekly expiry day, an extension in morning trade towards 15340 / 15359 can not be ruled out. Chart and data analysis suggest, it could be day of testing patience and nerves where it could boil down to last 1 hour of trade Important levels on the upside 16320 / 16359 / 16420 Important levels on the downside 16218 / 16194 / 16140 Take care & safe trading...!!! Let me go by Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Data is dynamic and can change in no time - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
Nifty: The King of Options gets the weekly expiry range right!😀Nifty It was mentioned that - Nifty closing today would be subdued - not expecting any firecrackers today Range given for today was 16190-16302 with possibility of extended range of 16160-16330 The level of 16330 also had it's importance from Technical Analysis point of view and was mentioned in this post as T3 level Nifty levels were identified beforehand based on Technical and F&O data analysis... That approach of relying on studies and doing our homework, gave us clarity and be more rational in our trading decisions, rather than taking decisions based on greed, hope and fear. Nifty traded most of the part within the narrow range mentioned. It did trade in the extended zone for around 2 hours but eventually closed just 35 points above (0.22%) at 16294 well within the narrow range mentioned. Our Trading Strategy update Given the conditions, we waited patiently and when Nifty entered the extended zone, Strategy suggested during live markets, was to consider selling 26 August expiry 16500 Call option around 100. It gave ample opportunity to sell between 97-102 eventually closing the day in profit at 76. Remember Technical and Derivatives Analysis is not about being right or wrong but more about understanding your risk and reward potential in the trade and looking for opportunities where Risk::reward ratio is favorable to trade If you understand the above rule and can apply in your trading system, you won't need to Like or Follow me But if you decide to follow me Don't just follow the King of Options blindly 😉 Learn to identify opportunities independently Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Data is dynamic and can change in no time - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
1
Nifty: Likely range for 05 August weekly expiry dayNifty Prima facie based on F&O data analysis, not expecting any fire crackers tomorrow. Nifty expiry looks likely to be subdued in the range of 16190-16302. Extended range could be 16160-16330 Take care and plan your trade responsibly Let me go by Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Data is dynamic and can change in no time - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
Tata Steel: Chart set up and trading strategyTata Steel Observations are mentioned in the chart itself. Any rise towards 1430 / 1451, needs to be watched carefully. ___________________________________________________________________________________________________ Given the set up suggested F&O strategy, One may consider to sell Tata Steel 26 August expiry 2021 1460 Call option around between 35 - 42 (Closing price 37.05) Max profit potential in strategy Rs 31492/- per lot (at closing price) till 26 August 2021 More importantly, the strategy has an inbuilt risk cover for a rise in price up to 1497 till expiry day. Take care & safe trading....!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TATASTEELShort
by indiamarketoutlook
1