Crossed an important resistance todayThe Gann angles drawn from the top which was formed on 10th August 2018 Graphite treaded under Gann influence of this resistance for the last six years. Today it has crossed the resistance when it closed above 650. If it manages to remain above this shadow for sometime, it may test a level of 940 by August 2024. 619 will be a good support till then.
Gann
NIFTY BANK HOURLY GANN LEVELS CHART 03 APR 2024Index has rallied from recent lows of 46529 on 14:00 candle on 26 March 2024. Index has hit a high of 47707 on 9:00 am candle on 02 April 2024. Giving it a nearly 1200 points range. Current close is at 47545. On charts we see 47530 as the trend decider level for the expiry today. Expansion on upside may be seen above 47608 and downside may be seen below 47452. Use the range for scalping trades. Watch the fake outs on the range if sustained outside the range could give a good trade.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the software for this opportunity to use it freely to
express our ideas to the community of traders.
Asian Paints - Stock to buy today
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a registered analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
BankNifty- 02 Apr - 47465 support defense crucial for UP moveBankNifty Analysis - Stance Bullish ⬆️
BankNifty defends the support of 47465 today also, much-needed confirmation to hold on to our bullish stance. The next leg of the rally should ideally come from the banking sector. But the biggest concern I have is that the actual torch bearer of the directional trend has shifted to NiftyIT from BankNifty. From Jan 2024, BN has been a laggard whereas NiftyIT did drive the Nifty50’s directions. The power struggle was quite obvious as Jan to March was pretty bad for most option traders. Neither the trend following nor the option selling strategies worked out.
NiftyIT is currently in a reversing trend. If BankNifty starts to move up and IT moves down and if Nifty sides with IT rather than the banks then we are in for a big disappointment. Let us hope the Banks take back the control from IT, the rationale being it is the sector with the highest weightage. The trend is safer if the highest weighted sector drives the show.
The first thing BN has to do is take out the ATH. We wish to start the day tomorrow with a bullish tone and then switch to a cautious mode if 47465 support is getting broken. Tomorrow being expiry, a 100+ quick points move could surge the options premium. As it stands the premiums are not suggesting any directional move.
Algo Trading
Our algo trades ended today with a gain of Rs31517, again I pulled the plug early to save the transaction costs and book 2/3rd of theoretical profits.
Nestle = How to trade today
Marked are the levels on the chart. Please note that important lows are made on Tuesdays, therefore do not haste. There is no special time candle for today. Can watch candle of 10:50 a.m. and 12:22 p.m.
Disclaimer: I am not a registered analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
FINNIFTY 45 MIN TF CHART GANN LEVELS EXPIRY 02 APR 2024Index has risen nearly 800 points or more from the lows. After 20666 we have 21092 as important level on charts. Yesterday we crossed and got new high... Trend-wise 21092 remains crucial with yesterday's high as impact level ahead. Use the range for trading purpose if sideways... else breakouts for momentum trades... Intraday Level to watch is 21196.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.
Unveiling the Golden Mystique: A Financial Analyst's PerspectiveIn the realm of finance, few assets possess the timeless allure and steadfast value that gold embodies. As a financial analyst delving into the intricate tapestry of investment landscapes, I find myself drawn to the enigmatic brilliance of this precious metal.
Gold, often heralded as the ultimate store of wealth, stands as a symbol of stability amidst the tumultuous waves of economic uncertainty. Its scarcity, intrinsic value, and historical significance intertwine to form a narrative of resilience that transcends generations.
Beyond its tangible allure, gold serves as a barometer for market sentiment and economic health. Fluctuations in its price reflect the ebb and flow of global confidence, offering valuable insights into the prevailing state of affairs.
Yet, the allure of gold extends beyond mere investment appeal. It holds a cultural and symbolic significance, revered by civilizations throughout history. From ancient treasures to modern-day reserves, its lustrous presence permeates both financial markets and human consciousness.
In the face of evolving financial landscapes and emerging investment opportunities, gold retains its luster as a cornerstone of diversified portfolios. Its role as a hedge against inflation and currency fluctuations remains unyielding, providing investors with a sense of security amidst volatile times.
As I navigate the intricate nuances of financial markets, I am continually reminded of the timeless wisdom encapsulated within the golden embrace. Its allure is not merely confined to the glittering facade but resonates deeply with the essence of wealth preservation and enduring value.
In conclusion, the enigmatic allure of gold transcends the realms of finance, offering insights into the intricate dance of economics and human behavior. As a financial analyst, I remain captivated by its mystique, recognizing it as a steadfast beacon amidst the ever-changing tides of the financial world.
NIFTY MID SELECT WEEKLY EXPIRY 01 APR 2024...Writing on a April Fool Day is always challenging task. Index recovery has been smooth from the low on 20 Mar 2024 end of Gann Annual Cycle March 23/24. We have recovered two-third of the range. We see a double top at 10562.75 which is level to watch on the upside. Again we see a double bottom on downside at Gann Level of 10493.10 which isthe centre of gravity on the range considered on the index. Looks like 10500 level concentration on weekly close. So we may see some action on Monday at this level. Use the same level for your intraday trades bias. With expansion on either side of 10562.50 and 10437.50 rangefor the index.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.
Nestle India - Must buy stock
It is trading above all the slow moving EMAs and is about to go above the slowest one. Resistance wise it is just above R2 and then a life time high.
Disclaimer: I am not a SEBI registered analyst and it is only for educational purposes. Please consult your financial advisor before making any decision and I will not be responsible for any of your profits or losses.
Bank Nifty = How to trade tomorrow
Please read the notes as mentioned on the notes and corresponding geometric presentation.
Disclaimer:
I am not a SEBI registered analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be liable for any of your profits or losses.
Asian Paints - How to trade
Asian Paints has made two upwards swings and for the third swing has made to ABC formations but on the third, it has made a to b and stuck up at top; so may come back for formation of c and then 3 formations of ABC will be completed. Beware of Time candle 4-1-24 12:57 PM.
Please see the geometric presentations on the chart and read corresponding notes.
Disclaimer: I am not a SEBI registered analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Thank you
UPL - How to trade tomorrow
Stock has made a triple bottom and now should go upwards. But, be patient because it will be the beginning of a new month and week also beware of time candle 4-1-24 12:57 PM for the whole Indian Market.
Please read the notes as mentioned on the chart.
Disclaimer: It is only for educational purposes only. I am not a registered analyst with SEBI. Please consult your financial advisor before making any decision.
BTC - Live Market Analysis
Please read the notes on the chart and act accordingly.
Disclaimer: It is only for educational purposes and I am not a registered analyst with any of the National/International agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses.
Thank you
AU Bank - Stock to buy
Please read the instructions as mentioned on the chart. Time candle to watch 1-4-24 1:23 PM.
Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Thank you
Rats Are Ready To Catch The Cats....."Welcome to my channel! Join me for daily technical analysis of the crypto market's latest trends, from Bitcoin to altcoins. I'll be sharing insights to empower your investment decisions. Stay updated and engage in the comments below! 🚀
Disclaimer: Crypto technical analysis uses historical data to predict future prices. It's not a guarantee and shouldn't be your sole basis for investments. Consider market trends, economic factors, and do your own research. This is not financial advice."
Myro Surfing the Digital Currency Wave: A Strong Buy SignalMyro Coin (MYRO) Fundamentals & Recent News (as of March 30, 2024)
Price: Myro is currently trading around $0.24 with a circulating supply of roughly 944.2 million tokens. This translates to a market capitalization of around $230-250 million (depending on the source).
Recent Performance: Myro has seen some volatility recently. It's down around 5-8% in the last 24 hours, but up 20-25% over the past week. It's still down from its 7-day high of $0.29.
News: There's no major news specifically about Myro at this time. However, you can find general cryptocurrency news and analysis through various financial websites.
Disclaimer: I am not a financial advisor and this is not financial advice. Do your own research before making any investment decisions, especially with volatile assets like cryptocurrency.