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Technical analysis:
. PIVX/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00016740 to 0.00014440). if so, traders can set orders based on Price...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=144.95.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=145.9.
TP4: R2=146.35.
Set the stoploss of these orders at breakout of S2=144.75.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Technical analysis:
. LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001310 to 0.00001110). if so, traders can set orders based on Price...
Technical analysis:
. VIBERATE/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000765 to 0.00000588). if so, traders can set orders based on Price...
Technical analysis:
. Monetha/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000510 to 0.00000433). if so, traders can set orders based on Price...
Chart: 2HR
RSI: Bearish divergence
Channel: Upper end
A 6% drop can be expected.
Use your own SL levels (prefer), if confused follow the mentioned levels.
CMP: 207.2
Expected Level: 194.55
SL: 219.85
(This is only my opinion, not financial advice. Consult your financial advisor before making any decision based on it)
Animesh Vashisht, CFTe
BUYING RANGE 236-241. STOP LOSS 228.
TARGETS OF 285 & BEYOND IN THE COMING DAYS.
AS OF NOW, IT IS IN A DOWNWARD SLOPING CHANNEL WITH MOVEMENT UPTO 240.
THIS IS BECAUSE OF THE HEAVY SELLING ON THURSDAY THAT TOO WITH VOLUMES (3.29 Cr traded but delivery % of 29.6).
NSE:BANKNIFTY
Bank Nifty is losing momentum, elections are going to pay a major roll so keep a look out for poll predictions may cause market volatility.
Possible Trades when BN index touches the levels marked in the chart
Sell BN 31000 CE + Buy 31500 CE May Monthly Contract
Short BN Future May Contract + Buy 2 CE (0.34 Delta) May Monthly Contract
Well Nifty has approached a monthly trend-line resistance. Maybe it will consolidate here for sometimes and then it will start tumbling down. There has been a negative divergence too on daily as well as monthly chart for 3 consecutive peaks respectively. so just observe yourselves and take your trades very cautiously on long side as volume is also declining.
- Rebound from the upper layer of the weekly channel
- MACD showing weakness
- Negative Volume are on the rise
- RSI is still showing positive divergence on weekly chart, byt negative divergence on weekly chart
- Target of Rs. 250 by September
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
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