Brent CrudeDate 04.09.2024
Brent Crude
Timeframe : Weekly
Remarks :
If breaks multi year support & closes deeply on weekly timeframe then its not a positive signal as far as global economies performance is concerns, mainly from West & China. It has some positive impact on our current account deficit due to lower crude import prices & if dollar correction will occur then it will add more efficiency however, with respect to global demand its both ways earnings damage as well some input cost impact.
The International Energy Agency (IEA) projects global oil demand to grow by slightly less than 1 million barrels per day (mb/d) in both 2024 and 2025
Its one of the most important leading indicators including Baltic index, interset rates, job data & bond yields.
Regards,
Ankur
Gann
Bitcoin Bybit chart analysis September 3Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Here is the Bitcoin 30-minute chart.
Tonight at 11 o'clock, there is one Nasdaq indicator announcement.
When comparing only Bitcoin and Tether Dominance,
the direction is not difficult, but Nasdaq is the problem.
Instead, the dangerous signal was imprinted on Nasdaq,
and all you need to do is get the desired movement.
Yesterday, I tried to operate, but I missed the entry point,
so I went ahead with it instead of canceling it.
*One-way long position strategy when the red finger moves
1. 58,591 dollars long position entry section / stop loss price when the green support line is broken
2. 60,227.5 dollars long position 1st target -> Good 2nd -> Great 3rd
This is the first touch section on the center line of the Bollinger Band 12-hour chart.
If the strategy is successful, I did not operate a short position separately.
You'll know why if you watch.
Instead, after liquidating the long position,
I think it would be good to wait for the long position as indicated.
For those who can hold the stop loss price,
you can challenge both short and long.
If the purple support line maintains the 1st section, it is a strong rising section.
The 2nd section at the bottom is a sideways market or the most likely long position today,
but rather than missing the entry point like yesterday,
we operated aggressively and tightened the stop loss price.
From today's green support line deviation,
there is a possibility of additional decline, so you should be careful.
Bottom->If the 3rd section is pushed,
the next support line will be $56,634.
Up to this point, please just refer to and use my analysis,
and I hope you operate safely with the 6 principle trading and stop loss price.
Thank you.
Bitcoin Bybit chart analysis September 2Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
Today, Nasdaq is closed.
It touched 57K on Sunday evening
and barely reached the center line of the Bollinger Band 4-hour chart.
The current position is a section where long and short are decided,
and a short position operating section.
Today's strategy was created based on the vertical decline
in the gap reversal that occurred at the top over the weekend
and the short-term pattern of Tether Dominance was broken.
* In the case of the red finger movement path
Long position strategy
1. 57,982 dollars long position entry section / cut-off price when the purple support line is broken
2. 59,160 dollars long position 1st target -> Top 2nd target
When the 1st section shown at the bottom is touched, it is a very horizontal guarantee
The sky blue support line Bottom section is the last double bottom.
If this section is broken,
a downward trend may be connected from the second section of the Jinpa-rang support line,
so it may open up to 54.8K.
Today, it is important to not go down to the bottom section or break away, right?
Up to this point, I ask that you just use my analysis as a reference,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
Bitcoin Bybit chart analysis August 23Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
Tonight at 11 o'clock, there will be a Nasdaq index announcement.
The Nasdaq is the problem today.
Tether dominance is in a vertical decline,
and I created the most reasonable strategy possible.
The purple finger at the bottom left, $60,156.5,
is the same as the 3rd section where I entered the long position yesterday.
*Long position strategy when the red finger moves
1. $60,573 long position entry section / stop loss price when the sky blue support line is broken
2. $62,350 long position 1st target -> Good 2nd target
-The 1st section at the top is an upward sideways market,
and if this section is touched first, it can be connected to section 2.
-It seems safer to operate with a focus on long positions rather than short->long switching like yesterday.
-If it deviates from the bottom section today,
it may fall to the 3rd section at the very bottom during the weekend.
Please use my analysis article as a reference and only for the extent of use,
and I hope you operate safely with principle trading and stop loss prices.
Have a good weekend,
and I will come back from my vacation and see you in September.
Thank you always.
Chart of the weekChart of the Week: Deep Dive into Technical Analysis Join us for our weekly chart analysis where we dissect the most trending stocks and indices. This week, we'll delve into the intricacies of technical analysis. Learn how to: Identify patterns: Spot classic chart formations like head and shoulders, triangles, and flags. Use indicators: Understand the significance of moving averages, RSI, MACD, and more. Determine support and resistance: Pinpoint key price levels for potential buy and sell opportunities. Whether you're a seasoned trader or just starting out, this episode will equip you with valuable insights to make informed investment decisions. Don't miss out!
Shree Renuka Sugars Date 31.08.2024
Shree Renuka Sugars
Timeframe : Weekly
Remarks :
1 With respect to recent swing action at stock, it is at support of 61.8%
2 Resistance at 78%
3 Latest swing high at 68
4 Gann 4/1 + 78% are combined resistance
5 Once breaks 55 then target is 68. 23% upside
6 Descending triangle base at 42-44
7 Sideways between 55-44. Don't anticipate and enter in sideways momemt.
Regards,
Ankur
EURUSD Levels // 20 MinHello Everyone 👋
Current Price
1.0850: This is the latest price level, reflecting the current market sentiment.
Resistance Levels
1.0880: The first resistance level, where selling pressure might increase.
1.0920: The second resistance level, indicating a stronger barrier for upward movement.
1.0980: The third resistance level, a significant hurdle for the bulls.
Support Levels
1.0820: The first support level, where buying interest might emerge.
1.0780: The second support level, indicating a stronger floor for the price.
1.0740: The third support level, a critical point for the bears.
Technical Indicators
Moving Averages: The 50-day and 200-day moving averages can provide insights into the trend direction.
Relative Strength Index (RSI): An RSI above 70 indicates overbought conditions, while below 30 indicates oversold conditions.
MACD (Moving Average Convergence Divergence): This can help identify potential buy or sell signals.
Market Sentiment
Economic Data: Keep an eye on upcoming economic releases from the Eurozone and the US, such as GDP, employment data, and inflation reports.
Geopolitical Events: Any significant geopolitical developments can impact the EUR/USD pair.
SPX Levels // 45 MinHello Everyone 👋
Support Levels:
First Support: 4,500
Second Support: 4,480
Third Support: 4,460
Resistance Levels:
First Resistance: 4,520
Second Resistance: 4,540
Third Resistance: 4,560
These levels are derived from technical analysis and can help identify potential entry and exit points for trading
CNXIT Levels // 25 MinHello Everyone 👋
Current Market Overview
Current Level: 41,089.85
Market Sentiment: The IT sector has been showing mixed signals with some volatility due to global economic factors and earnings reports.
Support Levels
40,800: This is the first major support level. If the index falls below this, it could indicate a bearish trend.
40,500: A stronger support level. Breaching this could lead to a significant downward movement.
Resistance Levels
41,300: The first resistance level. Breaking above this could signal a bullish trend.
41,600: A stronger resistance level. Surpassing this could lead to a sustained upward movement.
Indicators to Watch
Moving Averages: Keep an eye on the 50-day and 200-day moving averages for trend confirmation.
Relative Strength Index (RSI): An RSI above 70 indicates overbought conditions, while below 30 indicates oversold conditions.
MACD (Moving Average Convergence Divergence): Look for crossovers to identify potential buy or sell signals.
Recent News and Events
Earnings Reports: Recent earnings reports from major IT companies can impact the index.
Global Economic Factors: Changes in global economic policies, especially in the US and Europe, can influence the IT sector.
Trading Strategy Tips
RELIANCE Levels // 4 HOURHello Everyone 👋
Employee Stock Option Plans (ESOPs): Ahead of its anticipated initial public offering (IPO), Reliance Retail granted ESOPs worth ₹351 crore to 15 senior executives during the last financial year. The company issued 4.417 million shares at ₹796.5 per share to top-level employees, demonstrating its commitment to retaining and rewarding key leadership.
Reliance Retail, owned by Mukesh Ambani, is India’s largest retailer, serving 304 million registered customers and welcoming over 1.06 billion footfalls across its stores in the financial year 2023-24. Its diverse portfolio spans grocery, consumer electronics, fashion, lifestyle, and pharmaceuticals. Notable brands under Reliance Retail include Smart Bazaar, 7-Eleven, Fresh Signature, Freshpik, Netmeds (pharma), Tira (beauty), Reliance Digital, MyJio Store (electronics), and retail chains like Trends, Reliance Jewels, and Hamleys.
CHOLAFIN simple ORB Strategy with volume ...I will buy near EOD If the price Trade above the blue line...after entering I will wait for the target or (SL) and if goes against my view which be CANDLE CLOSED below Red line in D candle i WILL CLOSE THE TRADE....CHECK THE TARGETS IN THE CHART
It's just my view educational purpose only I'm not SEBI registered
ETHUSD VIEW!!The cryptocurrency market is in the red today, following the slump in US stocks as all eyes turn to Nvidia’s upcoming earnings report. This highly anticipated release is seen as a potential turning point, offering clues on whether the AI-fueled bull market still has legs or if the rally is starting to lose steam.
Nvidia's slower growth prospects hurt Nasdaq, crypto
Analysts surveyed by FactSet expect Nvidia to post second-quarter adjusted earnings of approximately 65 cents per share, with revenue projected at $28.74 billion. This figure represents more than double the revenue from the same quarter in 2023.
However, it also signals a deceleration in growth, as Nvidia’s revenue more than tripled year-over-year in the April quarter. Nvidia's stock was wobbling between gains and losses ahead of the earnings report, taking the Nasdaq 100 on a similar seesaw trend.
CADJPY view!!The Japanese owner of 7-Eleven has been approached with what would be the largest-ever takeover of a Japanese company. The deal speaks to foreign companies seeking to exploit the depressed yen.
In this case, the suitor is Canadian company Couche-Tard, the owner of Circle K convenience stores. The target is Seven & i Holdings Co and it was valued at USD$31 billion before the deal and jumped 23% today.
Indications are that Japanese management will rebuff the offer but it could go hostile in a move to take over the 85,000 retail locations worldwide.
BTCUSD moving as projected!! Next move on!!Chicago Mercantile Exchange (CME) Group, a United States futures exchange, is launching bite-sized Bitcoin Friday futures (BFF) amid mounting interest in cryptocurrency futures among retail investors, according to an Aug. 27 announcement by CME.
Launching Sept. 30, BFFs will be sized at only one-50th of a Bitcoin
BTCUSD
. That is substantially smaller than rival retail-oriented Bitcoin futures products, such as Coinbase’s “nano” Bitcoin futures, sold in increments of one-100th of 1 BTC.
Nifty 50 Fresh Gann linesThe green Gann lines (coming from top left to bottom right) acted as resistance and now Nifty is near to last Green Gann line, whereas Purple Gann lines acted as support while nifty was recovering. Clearing LTH 25075 will clear all the Gann lines and then all the Gann lines will act as support, specially the purple Gann line at the top will keep nifty moving up as long as it remains above this Gann line.
On upper side Trendlines in sky blue will act as resistance above LTH.
The point where 2 Gann lines crossing each other is a strong point to act as support or resistance.
Yellow lines are time cycle lines when nifty will show trending moves. Look at the high and low formed considering 2 candles before and after the yellow line and from the low uptrend or high a down trend can be seen. As of now nifty is in uptrend so look for uptrend move rather to short it.
GNA Axles LtdDate 26.08.2024
GNA Axles Ltd
NSE: GNA
Timeframe : Day chart
Remarks : Support of Gann + Symmetrical triangle + 200 ema is best for long with respect to risk reward ratio. Once it exit from mentioned support points then strictly no catching for falling knife or averaging.
Regards,
Ankur
DOGEUSD COIN GANN ANALYSIS DAILY CHART 26 AUGUST 2024DOGEUSD coin Gann Analysis daily chart important low around Gann level of 0.081000. Actual low came in at 0.08071 on 05 August 2024 on Gann Mid Seasonal date. We have moved up one cycle to 0.10500 and a little higher. Actual high came in at 0.11518 on 23 August 2024. Important low on this bitcoin came on 10 June 2023 at 0.05452. We saw an important high at 0.22851 on 28 March 2024. gann level to watch was 0.23100 which marked a growth of 7 times as Gann Price Cycle on it. 7 is a master number in Gann Theory after 3. This was 42 weeks rise on the coin an important time period in Gann Theory. Next critical period was ending on 24 August 2024. Currently we have formed a low on 05 August 2024 which has corrected the growth by 6 times on downside. On upside we need to watch the level of 0.10913 for further growth. On downside we need to watch the level of 0.10288 for further decay. In between we are rangebound.
Happy Trading !!!