NIFTY 50 crucial levels for Monday!Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker , and fresh position buy only above 18000 until then stay light with quantity
🛑 NIFTY forming green DOJI Candle which is represents that indecisiveness between buyers and sellers
-Currently it is trading above 21Day ,50 Day, 100 Day moving averages
- Nifty currently trading above all simple MA
- WEEKLY pivot point is at 17640
🛑 Key levels to watch out for intraday traders :-
- resistance is at 17900 - 17950 (here we can see ( option chain) more short positions were holding at 18000 CE)
with SL of 17850
18050 - 18100 we can see as the target after breakout
- support level is at 17780 - 17750
with the SL of 17850
17650 we can see as target after breakdown
🛑 NIFTY futures levels will be same
- go long only above 18000
- short the market below 17750
have a nice day ,,
Indianmarket
TATA STEEL --> Swing ShortNot to Predict future here, but it seems like a good setup for H&S, Retest and Fall.
Technically Graph Seems performing well. and it respects Fibo levels to the appx.
Entering a short around 1380 with timeline for next month expiry seems an Opportunity!
Always Risk within your appetite only!
Zee Entertainment --> LONGZee entertainment has made a CUP n Handle (Yet to breakout). Also at bottom of Major Up-trending Channel.
Technical Breakout is nearby. Possibly Upwards let it retest and BUY.
Short Interval target would be 290. or upto 320.
Fundamentally the company has reduced Debt. and is still held by a lot of Major Portfolios.
For e.g. We did watch in past months , due to bull Run LIC Cash-IN on several of its Portfolio stocks. its still holding ZEEL. suggesting it sees a opportunity and this stock is undervalued.
Risk always within your apetite only!
Sell Copper with a Stop Loss of 731.20Sell copper near ₹ 727 with a Stop Loss of ₹ 731.
I analys Indian commodity market on a regular basis. I just earned 4800 points in SilverM, 2400 Points in GoldM and 240 Points in Crude Oil, however i wrongly entered in short position in nifty that made me some losses. But i believe losses are part of good trades.
Great Eastern Shipping GESHIP --> LONGTechnically Sound to go up at bottom of Uptrend channel.
Oversold past few months.
Buy only after huge Demand and Retest around 300.
Fundamentally, Good outlook to produce profits as Crude oil shipping has seen increasing demand with backbone of Manufacturing requirement output higher than 2020.
Risk Within your apetite only!
GAIL (Gas Authority India Ltd) --> Long GAIL is an uptrend currently near bottom of Elliot wave. Technically looks strong for an upward move upto 175
Strong Support around 145 would also let some time to kool off RSI OverBought for Jump seen during Results.
Fundamentally, GAIL has 85% of its revenue for Natural Gas Trading and Transmission/Distribution.
With Natural Gas making higher highs of above 4$, GAIL could see good profits for July and August.
Be wary of Natty reversing back around September / Ending Summer in US Zone.
Always Risk within YOUR apetite only!
Swing trade Setup in MCX!Swing trade Setup in MCX! for mid term with 15% gains.
Volumes picking up.
Massive flag breakout on weekly time frame.
Successfully Rested the breakout levels.
Fundamentally strong.
Buying level - 1575-1605
Target - 1575-1605
Stop Loss - 1574
Targets are based on charts.
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
ICICIBANK Long ( Double Bottom )We can see a double bottom in 1 hour . we can expect the price to be moving above forming a ' W ' pattern . we can expect the price to be going above 665.
But there is still a little chance of the price bouncing back at 643 resistance if it bounces then there is chances for the price to drop till 593
MCX Swing trade with a lot of confluences.As you can see in the chart - stock has given a breakout with increased volumes.
23.6% fib level from the previous swing is also near the retest level.
At the retest look for massive rejections of lower levels or double bottoms or inverse head and shoulders.
NSE:MCX
EURUSD forecast / trades takenHey everyone. Another successful trading day has passed. Only a couple of trades we taken as forecasted in previous posts.
As you can see we have finally broke the 4hr lows which ive been calling for a while and we traded according Closing all positions a few hours before the big news came out.
We cut our trades prior to news as i dont want or need random news spikes in my trading, it adds risk and exposure to your account plus its banned by the prop firm who has funded me so its a great way to lose my account all together.
Right now we have a massive imbalance in the market above where price is now back into the news candle. This drop tapped into a Demand zone so im expecting a pull back up (long) and will take long trades if they present. If we start seeing bearish flow mitigating ill also take sells however im preferring longs at present
EURUSD forecast / trades takenHey everyone. not much has changed since yesterday besides the fact we took a bunch of nice trades. See image. The forecast is still the same and trades will be taken according. Expecting price to break the 4hr swing.
Due to the fact we are sitting at a HTF demand area we could spring up further before hand so like always im remaining neutral. Another thing i didnt draw in is that we can also do a liquidity sweep of the highs above the asian range and then drop and this would be a great spot to sell