Regarding Nifty: If it opens with a gap down and breaks the demand zone (21533 to 21518), then we can expect a continuation of correction with minor pullbacks. On the other hand, if it finds support within that range as per the structure, it might experience a minimum 38% Fibonacci retracement.
Banknifty, similar to Nifty, might experience a minimum 38% Fibonacci retracement if it finds support the demand zone. Conversely, if it breaks that support, the correction is likely to continue.
"Here are the directions for January 3rd: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing -70. After the gap-down, if it breaks the immediate support level, we can expect the correction to continue. However,...
Cup and handle breakout done for the target of 5000. The beauty here is Inverted head and shoulder formed in the handle and it broke out first. Intermediate Resistances are mentioned in the chart in red colour and the final target in green. Note: This is for educational purpose only.
NAVA ltd is going to break previous high with Good volume. Volume claimax pattern Trade. Swing Trade NAVA for big targets.
MATIC/USDT Chart Analysis: Potential 20-30% Rise on Support Level Bounce Polygon (MATIC) has recently been retesting a key support level. This is an exciting time for traders and investors alike, as a bounce from this support level could potentially lead to a 20%-30% upward move in MATIC's value. However, it is important to keep an eye on the $0.95 level. If the...
BANKNIFTY Intraday Trade Setup For 03 Jan 2023 Bullish-Above 48070 Invalid-Below 47960 T- 48510 48920 Bearish-Below 47680 Invalid-Above 47790 T- 47260 46900 BANKNIFTY has closed on bearish note with almost 1% cut today. On 28 Dec EOD it was discussed in the trade setup that index has formed a spinning top candle which can be a sign of bearish reversal below...
NIFTY Intraday Trade Setup For 03 Jan 2023 Bullish-Above 21700 Invalid-Below 21650 T- 21855 21980 Bearish-Below 21550 Invalid-Above 21600 T- 21435 21298 NIFTY has closed on a slight bearish note with 0.35% cut today. It will start to make a bearish price structure below 21550 in hourly TF. Below 21550 there can be good selling in the coming days. There has been...
#USOIL update for 1st Jan! Seems like bearish The bearish outlook may be influenced by various factors such as geopolitical events, supply-demand dynamics, or economic indicators. It's essential to monitor price action and market conditions closely for potential trading opportunities or risk management strategies.
Bitcoin ( CRYPTOCAP:BTC ) Surges Past $45,000 for First Time Since April 2022! In the early hours of the day, Bitcoin's price surpassed $45,000 for the first time since April 2022, driven by expectations of a U.S. Securities and Exchange Commission ( #SEC ) approval for a spot Bitcoin exchange-traded fund (ETF). Are you ready for the next wave of crypto...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (02-01-2024) Current price- 21628 "if Price stay below 21685, then next target is 21580 and 21535" and above that 21650 -POSSIBILITY-1 use the levels for selling and buying -POSSIBILITY-2 use the levels for selling and buying Best of luck Never risk 2% of principal to follow...
Nifty is experiencing an expanding flat correction, and there is a sub-wave labeled "C." The C leg might complete around the Fibonacci level of 38%. Once the market finds support there, we can expect the completion of the "C" wave, potentially evolving into the 5th impulse wave. This represents the basic structure. However, if it doesn't find support at 38%, then...
Banknifty is undergoing a 4th correctional wave, with its sub-wave labeled 'C.' So, the C correction might continue in the initial market. Once the 'C' leg finds support around the demand zone, we can anticipate the 5th impulse wave. This is the basic structure. However, if it consolidates or decisively breaks the demand zone, then the correction is likely to continue.
Regarding Finnifty, there is no significant difference compared to Banknifty. It is going through the 4th correctional wave, with its sub-wave labeled 'C.' Therefore, the C correction might continue in the initial market. Once the 'C' leg finds support around the demand zone, we can expect the 5th impulse wave. This represents the basic structure. However, if it...
ALGO/USDT Inverse H&S Pattern: EURONEXT:ALGO Warning: Strong Resistance Ahead at $0.30 Level! If the price is rejected from $0.3 level, a 50% retracement is possible. However, an Inverse H&S Pattern is also emerging, suggesting that the best accumulation zone might be around the right shoulder at $0.160-$0.180. If this pattern comes to fruition, a 15x target...
#Ethereum Market Update: On the Way to $2800! Current Status: Ethereum (#ETHUSDT) has shattered the $2300 resistance mentioned in the last post and is now trading above $2400. Bull Flag Resistance Broken at $2255, with a successful retest at $2200. Analysis: Bullish momentum continues, setting the stage for a push towards $2800. Caution: In the event of a...
CRYPTOCAP:BTC Chart Analysis: Bitcoin Bull Flag: Chart pattern suggests bullish trend with targets of $48000-$52000. However, #Bitcoin is heavily influenced by #BitcoinETF news, so caution is advised. What to do? If BTC/USDT holds above $41000, a bullish run to $48000-$51000 is possible. But, a breakdown below $41000 could quickly lead to $31000. Remember:...
EDU/USDT Chart Analysis: Long-Term Bullish Outlook! NYSE:EDU EDU/USDT chart is looking quite promising for a long-term run! I am currently seeing a pattern: Accumulation ➡️ Breakout ➡️ Fly ➡️ Resistance ➡️ Re-Accumulation ➡️ Pump Hard. This exciting scenario could unfold soon, so buckle up! At the moment, EDU is trading at a major resistance level of...