BANKNIFTY MATHEMATICAL LEVELS FOR THIS WEEKThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
Gann
Bitcoin Bybit chart analysis September 10Hello
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Here is the Bitcoin 30-minute chart.
There is no Nasdaq index announcement today.
Please note that there will be a CPI announcement tomorrow.
There are many turning points.
We created a strategy focusing on Tether dominance,
Considering the possibility of Nasdaq sideways movement,
*When the red finger moves,
One-way long position strategy
1. 56,809 USD long position entry section / cut-off price when the green support line is broken
2. 59,110 USD long position 1st target -> Good 2nd -> Great 3rd
If it does not come down to the entry point,
the 1st section at the top, and the pink resistance line is broken, there is a possibility of a vertical rise
The 3rd section at the bottom is a sideways market,
but because the short-term pattern is broken, it may be connected to additional adjustments tomorrow.
Please use my analysis article as a reference only,
and I hope you operate safely with principle trading and cut-off price.
Thank you.
Bitcoin Bybit chart analysis September 9Hello
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Here is the Bitcoin 30-minute chart.
No Nasdaq indicators announced today
If it doesn't crash for no reason,
I expected it to rebound to the upper limit,
so I only focused on Bitcoin and Tether dominance.
*One-way long position strategy when the red finger moves
1. $54,770 long position entry section / green support line breakaway, stop loss price
2. $56,729.5 long position 1st target -> Good 2nd target
(Top section is the center line of the 12-hour Bollinger Band chart,
but you can operate it as short->long or long waiting in the middle wave that I indicated.)
Up to the 1st section at the top and the 2nd section convergence section, it is a sideways market
If the 2nd section at the bottom breaks away,
there is a risk of additional decline.
As a medium-term point, if it holds up to the gap section of the Jinpa-rang support line, it can continue to rise.
Before and after the Jinpa-rang support line is broken,
whether the MACD dead cross on the monthly chart next month will be determined,
and from the medium-term pattern perspective,
the Bollinger Band weekly chart support line touch -> weekly support line + monthly central line touch at the same time
in order.
Before reaching the place that everyone is waiting for,
I think it is important to fight from the current position, right?
Up to this point, I ask that you simply refer to and use my analysis
and I hope that you operate safely with principle trading and loss cut prices.
Thank you.
Zee EntertainmentDate 10.09.2024
Zee Entertainment
Timeframe : Weekly chart
Remarks :
1 Formation of descending triangle
2 Conversion line & base line merger of Ichimoku cloud
3 Once the positive crossover happens & contraction of expanded future cloud/kumo means sign of reversal
4 Gann angle will also play a pivot role as resistance/breakout after mentioned above points, when price exit descending triangle
5 23.6% would the target after price exit all above mentioned areas
6 Weekly rsi should also move above 44 to support reversal continuation
7 If breaks down neckline then no catching of falling knife or enter in reversal anticipation
8 Unstable sales & profit growth plus low operating margins are some key issues in balance sheet. Sony-zee merger would have been 180 degree reversal for entire group but unless some kind of merger deal happens with zee, reversal on balance sheet by its own business turnaround is difficult. They need outside party & cashflows to improve valuations.
Regards,
Ankur
EURUSD View!!U.S. stocks moved higher on Monday, following their European counterparts, as markets looked ahead to key data and actions from central banks.
The S&P 500 appeared set to snap a four-session losing streak, bouncing back along with the Dow from its biggest weekly percentage loss since March 2022.
AUDUSD View!!The down momentum continued today and carried the price down toward the 38.2% retracement of the move up from the August low to the August high. That level came in at 0.61265. The low price came in at 0.6123 before bouncing back to the upside. The current price is trading at 0.61515.
Technically, the ability to hold that level gives the buyers some hope. The corrective move lower could only get to that minimum retracement target. On the topside, the 100-bar moving average on the 4-hour chart and the 100-hour moving average, is near 0.6184. That represents the upside target resistance.
Sun TV Network LtdDate 09.09.2024
Sun Tv
Timeframe : Weekly chart
Company Essentials
SECTOR: TV Broadcasting & Software Production
Market Cap ₹ 31,889.33 Cr. II Enterprise Value ₹ 31,529.74 Cr.
No. of Shares 39.41 Cr II P/E 17.34
P/B 2.93 II Face Value ₹ 5
Div. Yield 2.07 % II Book Value (TTM) ₹ 276.60
CASH ₹ 359.59 Cr II DEBT ₹ 0 Cr.
Promoter Holding 75 % II EPS (TTM ₹ 46.67
Sales Growth 13.30 % II ROE 19.24 %
ROCE 26.20 % II Profit Growth 11.98 %
KEY HIGHLIGHTS :
1 Highest Eps & lowest PE to its main competitors
2 Highest ROE & ROCE to its main competitors
3 60% Operating profit which is very good
4 Dedicated South India high loyalty customers
5 Not much depended on seasonal earning such as PVR
6 Stable topline growth/sales & positive cash flow, no debts with 75% promoter holding/s
TECHNICAL HIGHLIGHTS :
If breaks out Gann 8/1 as shown then immediate buy or if any correction time wise then on any dip up to 5%-10% can start adding in small quantities.
The Gann 8/1 breakout will be confirmation of wave 5 (Elliot waves) formation/journey.
Regards,
Ankur
Bitcoin Bybit chart analysis September 6Hello
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Here is the Bitcoin 30-minute chart.
The Nasdaq Non-Agricultural Index will be released at 9:30 in a little while.
I carried out the strategy according to the Nasdaq pattern.
*When the blue finger moves,
Two-way neutral strategy
1. $56,579 short position entry section / Stop loss price when breaking through the pink resistance line
2. $55,520.5 long position switching / Stop loss price when breaking through the green support line
3. $58,008.5 long position 1st target -> Top 2nd -> Good 3rd
If it falls immediately without a short position entry position at the top,
Please refer to the double bottom price of section 1 at the bottom.
Because it is just before the upward trend in Tether Dominance,
As of this week, if only $53,310 at the bottom does not break away,
It is not bad from a long position standpoint.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
Thank you for your hard work this week.
Thank you always.
NIFTY PHARMA INDEX... THE SILENT WINNNER... 09 SEPTEMBER 2024...One cycle completed at 23300 level to watch ahead.
The move started around 17600 in Jan 2023 with actual low coming in at 18 Jan 2024 at 16818.90. We a time cluster coming in at 05 Sept 2024 and 17 Sept 2024. price to be watched is 22587.50. Major support at 21400 level s till 19 Sept 2024 if Price comes to meet Time.
Lets watch till then. Major breakouts above 24013 thereon.
Earlier Time cluster was 22 May 2024 to 05 June 2024 and price to be watch was 19500. We were obliged with breakout thereafter to reap the benefits till date.
Happy Trading !!!
Bitcoin Bybit chart analysis September 5Hello
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This is the Bitcoin 30-minute chart.
Nasdaq indicators will be announced at 9:30 and 11:00 shortly.
The current position is very important,
and I was worried that I might miss the entry position.
Bitcoin is rebounding stronger than Nasdaq,
and a strong adjustment is in progress.
All the danger signals have passed, and Nasdaq did not see any additional declines yesterday and today,
and there were no short position entry positions,
so I will maintain the long position strategy until the main demand section is reached.
*Red finger movement path
One-way long position strategy
1. Pursue purchase at $56,681.5 / Cut-off price when green support line is broken
2. $58,008.5 long position 1st target -> Top section 2nd target
Until additional daily candles are created tomorrow
If it reaches the Top section
Since it is the first touch on the center line of the Bollinger Band 12-hour chart
It would be good to switch to a short position briefly.
Today, I focused on long positions.
The 2nd section at the bottom
is the final long position entry section according to the Nasdaq wave
The 3rd section at the bottom is a double bottom section.
I do not recommend a dangerous position.
From the 3rd section, the sky blue support line is broken, it can fall sharply,
so please check the price indicated at the bottom.
Up to this point,
I hope you can simply use my analysis for reference and use only
I hope you will operate safely with the principle of trading and cut-off price.
Thank you.
XAUUSD - Accumulation , Manipulation and Distribution
Today before "ADP Non-Farm Employment Change: news
big players took the advantage of news and followed
ICT PO3 pattern which is
ACCUMULATION
MANIPULATION
DISTRIBUTION
ICT power of three is the strategy which exposes the smart money traps for retail traders.
ICT power of 3 concept is also known as AMD setup because of the three main concepts accumulation, manipulation and distribution.
Accumulation phase is when market ranges near important level and smart money accumulate their positions in this area.
Manipulation phase, as obvious from the name, is to manipulate the retail traders. After accumulation smart money moves the market in opposite direction .
Distribution phase is the real move. After manipulating retail traders smart money add their positions toward the real direction of market hence moving market opposite to retail mindset.
In above chart i tried to show this po3 strategy developed by ICT .
Before the red folder news market was ranging.. post that big players
manipulated towards the order block and made high 2523..
and started distribution and till now made low near 2504.
Elliott wave and ICT concepts are very easy to learn if one keeps positive mindset of learning.
Disclaimer : Study is for educational purpose
Bandhan Bank Date 05.09.2024
Bandhan Bank
Timeframe : Weekly Chart
Remarks :
Stock has reached its multi year resistance zone of descending triangle over lapping gann's 3/1 wave. If breaks out then 262 & in case of rejection can re-test base once again
Use 20 weekly ema as weekly support/stoploss & 60 weekly ema as weekly resistance/breakout filter.
Regards,
Ankur
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
Bitcoin Bybit chart analysis September 3Hello
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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
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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
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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