USDCHF is looking short opportunity, Because DXY index is weak across the board. This trade has some decent RR to make the move to the downside.
retest from resistance going to breach ATH can give massive move
queries are welcomed. feel free to message. desclaimer : only for educational purpose.
RAYMOND (WEEKLY):- buy on dip 340 to 360 levels for target 500 Stop loss 300 (DCB)
keep this on the watchlist .. with a spike in volume this can go further for BO. chart analysis should be simple and clear, never force yourself to find patterns and opportunities. Learn to Earn... Disclaimer: for education purposes only.
for major correction to happen weekly channel need to be broken otherwise its a non stop 18000.
Dt. - 03-03-2021 As you can see from the forecasts, in the forecast the index took more than 2 years to reach the target from the bottom and in the second forecast that is after the market crash becoz of COVID-19, the index took less than a year to reach the same target from the same bottom. Share ur views on this.
USDCAD is looking an amazing setup, has the high probability to move to the upside.
As shown in daily chart of bank nifty index, there is ascending channel & price took resistance at R line ... moves downwards. Next support is support line only. no prior low support is there.
nifty 50 touches 3rd-time trend line .....keep on an eye
On monthly chart, bank nifty index is on the 6 year long resistance line. I am not predicting that it will go down or up. But as a trader or investor ,one should think upon this reality. Often we study charts on hourly or daily timeframes and miss big patterns on monthly charts. Please share me your views on this resistance line and expected future movement of the index.
Nifty is following a descending channel and taking resistance from 200 days EMA & support from 15102 level.
SBIN:- ROUNDING BOTTOM breakout at 408.35 go long for 430 with Stop loss 399 hourly based. #Disclaimer:-I just shared view for only educational purpose.
This is follow-up on NIFTY. Can check link to related ideas. Next target can be 15,300 and 20,000... Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
Price action suggested a weakness in the index, hence continued to add more option selling at 14800 CE and bringing the hedge down from 14900 CE to 14850CE, thus reducing the risk in the trade and improving the risk-reward. Gap up opening was a bit of a scare initially for the Call sold position, however there was no decisive upmove which was a saviour.
Apollohosp 2600 Bhartiartl 600 Hdfcbank 1500 Idea 13 Itc 220 Pel 1600 Pvr 1500 Reliance 2000 - Above is an important level that is highly likely to act as support / resistance for intraday purposes - Price reversing / breaking these marked levels can yield big moves - Please use your own set-up / indicator(s) for further confirmation