Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You...
Today will be a flat opening in BANKNIFTY . Expected opening below 40450 Level. After opening possible reversal of 400-500 points from 40450 level. And this can extend for another 400 points if it gives breakdown of 39950 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 40550 level.
Nifty will be flat opening in today's session. After opening nifty sustain below 17600 level and then possible downside rally up to 17500 in today's session. in case nifty trades above the 17650 level then the upside target can go up to the 17770 level.
JINDALSTEL
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakdown of Double top Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 550-.
✅Can Go short in this stock by placing a stop loss above 585+.
✅After breakdown this can give risk:reward upto 1:6+.
Go through the analysis carefully, and do trade accordingly,
👍-POSSIBILITY-1
If price breaks 1934-1937 area (i.e. Resistance area ) and stay above 1936 area in 4H Time frame candle, we will place buy order in gold with target of 1942,1949,1956,1965,1988, 2000 & stop loss should be placed above 1929.
👍-POSSIBILITY-2
If price breaks 1922-1918 area (i.e....
Expectations for Today: Volatile day
Intraday Levels:
Buy Above - 40560
Sell Below - 40200
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Expectations for Today: Volatile day
Intraday Levels:
Buy Above - 17670
Sell Below - 17480
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
We suggested buying HDFC at 2730 and it went around 2780 hitting all our targets. It looks a good buy if comes to support range of 2550 - 2500 for the short-term.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BINANCE:MANAUSDT is making some nice moves.
A nice consolidation breakout of resistance zone at 0.76, and now retesting it for a support.
Also a Fib Extension has given a clearance for the next target up till next resistance.
Let's keep watching $MANA
Definitely looking to trade some gold this week, We've entered the regional supply region, I believe price will seek the institutional safe heaven of 1900.000 in order to collect balance.
Price is currently trapped within the 2h liquidity pool within 1930, let's see how the market develops on the opening.
RR potential 1:16
Nifty has given a doji candle taking support from the 200 ema and has closed 40 point above.
The market remained volatile and after a gap down regained touching 17700 levels and gain fell breaking the morning low but closed near the higher levels.
On the hourly charts, the market has consolidated in the first half and gave both side move in the second half just...
Price has closed below the institutional OCP$ i'd expect a sweep back into the 1.24400 region in order to sweep out retail traders, could also be a nice revesed LQT$ on the daily timeframe too, eyess are peeled for our desired POI, another solid solid potential here.
Going to see how price develops!
Potential RR: 1:25
30 Jan 2023 2000 Hrs
1. US is trading flat ahead of the Fed rate decision on 01 feb Night.
2. Europe is consolidating with a negative bias.
3. Asia is looking overbought and may pull back or consolidate.
4. SGX Nifty is indicating 45 points up @ 17753.
5. This amounts to 130 points uptick on Bank Nifty @ 40600 levels.
6. India VIX is high indicating high...
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