Book profits within the first 30 minutes of the market opening - Try to exit by taking 10-15% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either...
BankNifty Analysis The main villain who spoiled the plans for the bears is BankNifty. We had an opening candle swing of 333pts on the downside, but the price action was not looking that bearish for some or other reason. Ideally, we are below the support level of 44068 and any down-swing should have created an avalanche of shorts. Instead, we started climbing back...
Nifty Weekly Analysis Between the last expiry and today, Nifty has only fallen 172pts ~ 0.87%. Meanwhile, BankNifty fell 1.42% in its weekly expiry (we discussed it in yesterday’s newsletter). Nifty is still range bound whereas BankNifty has dropped below the support. Usually BankNifty leads the reversals, so we can increase our expectation of a fall in Nifty...
Elliot X harmonic Look amazing in bearish market 🤧
BANKNIFTY Intraday Trade Setup For 20 Oct 2023 Bullish-Above 44060 Invalid-Below 43950 T- 44370 44632 Bearish-Below 43550 Invalid-Above 43660 T- 43230 42885 BANKNIFTY has closed on a slight bearish note with 0.31% cut today. It opened with a big gap down and 10 o'clock range was to be used as per trade setup. Range broke upside above 43815 and last swing low...
NIFTY Intraday Trade Setup For 20 Oct 2023 Bullish-Above 19685 Invalid-Below 19635 T- 19813 19910 Bearish-Below 19550 Invalid-Above 19600 T- 19435 19330 NIFTY has closed with small cut of 0.24% today. It opened with a big gap down today and as per trade setup 10 o'clock range was to be used. Range broke upside above 19595 and filled the gap . Last swing low was...
Hello dear friends! Today, the price of gold has made a slight adjustment and is currently trading at $1911 since the time of writing, a decrease of $18.48 or -0.96% for the day. Last week, gold witnessed its best weekly increase since mid-March due to growing safe-haven demand amidst the ongoing Israel-Hamas military conflict. In the current politically...
inside bar formation above the conflunce of 18,50,200 day EMA .price breaking out form a parallel channel target and SL marked
The triangle pattern observed in Silver Mini/Silver signals market uncertainty and suggests a potential significant price breakout, either upwards or downwards. We expect this breakdown in the coming days till then it will consolidate. Stay tuned for the levels, which I will share shortly.
Based on volume, harmonic, Elliot wave Find this important level 😀 44050 resistance above this long side play 43483/43545 important support level here I'll play for reversal maybe I'm wrong,
Hello dear friends! After several days of price increase, GBPUSD has returned to its downward trend. It is currently trading at 1.2167 as of the time of writing, with a short-term recovery. The adjustment of the US 10-year Treasury bond yield lower, after increasing by over 3% on Thursday, has made it difficult for the USD to appreciate based on recent...
INDIAN MARKETS AT CRUCIAL ZONE CMP 19740 current trend is negative we can SHORT with 19850 CBSL -------------------------------------------------------------------------- SUPPORT RANGE 1-- 19640---19660 small reversal can be seen from here below it weak till SUPPORT RANGE 2 -------------------------------------------------------------------------- SUPPORT RANGE...
📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Rising channel 📌 Symbol/Asset: RAIN 🔍 Description: Stock is in a Rising channel and around the support. We can see huge upside from current levels if support os held. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle....
📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Falling channel 📌 Symbol/Asset: WIPRO 🔍 Description: Stock has given the breakdown of support. And now around the support of Falling channel. We might see further upside if support is held. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one...
"Good morning, friends! As of October 19th, the global market sentiment is negative, as indicated by the Dow Jones. However, our market is moderately bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the...
Hello dear traders! Currently, the USD/JPY pair has touched a level near 148.80 but quickly recovered to a wider trading range around 149.50 as the Bank of Japan (BoJ) is expected to announce inflation forecasts for fiscal years 2023 and 2024 earlier than anticipated. Forecast: The hope for intervention from the Japanese government in the FX market is...
Spotted RELIANCE INDS- Bullish harmonic- daily time frame. Study-Practice-sharing Educational purpose only. This is not a recommendation - I am not SEBI registered - Do not TRADE/INVEST basis what I publish here. I am not responsible for your loss or gain. Inspired by - Trading Mirror telugu
Hello dear friends! Today, the EURUSD experienced modest gains during the Asian trading session on Monday. It is evident that the recovery of this currency pair is supported by a weaker US dollar (USD). As of the time of writing, EUR/USD is trading at 1.0525. From the technical analysis chart: As mentioned, immediate resistance for EUR/USD can be seen at...