BNB Price Prediction, will BNB’s price hit $528.24?BNB’s price at the same time last week was $307.79. It has moved by 1.24% in the past week and is currently at $308.85. Infact, in the past 24 hours, BNB has dumped by -1.70%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and BNB could hit $490.92 in 2024.
The total circulating supply of BNB as of writing this article was $157,886,280 and the market cap of BNB remains at $48,765,651,999.
BNB, BNB could hit $528.24 in 2023
BNB’s price prediction for the most bearish scenario will value BNB at $247.08 in 2023
BNB’s previous All Time High was on 10th May 2021 where BNB was priced at $686.31
Indicators
Boom Hunter Pro - An Oscillator for the AgesWant to monitor the best entry and exit points in the stock market? Momentum oscillators are an excellent tool for doing so.
Due to its precise stock market monitoring, which indicates potential entry and exit locations, the Boom Hunter Pro indicator has drawn significant interest.
What is Boom Hunter Pro?
With the Boom hunter pro indicator, traders can easily monitor the market, including long and short entries. The Boom hunter pro indicator monitors the market using the Early Onset Trend (EOT) developed by John Ehler.
The Boom Hunter Pro uses the Center of Gravity Oscillator (COG) and some smoothing and roofing filter options to give customized indications.
The indicator shows oscillations for the desired entries and uses different tools to signal a variety of market trends. Below are some tools used by the Boom Hunter Pro indicator.
Understanding the Boom Hunter Pro Indicator
Colored Bars: The colored bars in the indicator can be specifically used to help you find a particular entry. The lime color indicates a crossover, and orange and red lines show when a stock is overbought.
Fibonacci Lines: The Fibonacci lines of the indicators keep track of the price fluctuations for particularly long or short entries or exits.
Time Frames: The Boom Hunter Pro indicator is initially set for one-hour monitoring of entries, although you can use it in any time frame at your convenience.
Relative Strength Index: The Boom Hunter Pro indicator uses the RSI analysis technique to measure the momentum of the price movement. This helps to give accurate information about the price fluctuation of a particular asset. The RSI usually fluctuates between a range of 30 to 70. When above 70, it is considered overbought, whereas below 30 is considered to be oversold.
How To Use Boom Hunter Pro Indicator
To use the boom Hunter Pro indicator, you will need to install it on your TradingView chart. Here are the steps to use this awesome indicator for your benefit.
Visit the official Boom Hunter website and download the boom hunter pro indicator code on your local system.
Next, open your TradingView charts for the stock you want to monitor.
Once the code is installed, open the search bar on your trading view chart and search for "Boom Hunter Pro."
The indicator will start appearing on your TradingView chart at the bottom.
Select the desired time frame in which you want to trade. You can choose the 15 min time frame which is the best-suited one.
Now monitor your stocks with the red, orange, and lime-colored signals shown by the indicator; that's it.
Make decisions based on the indications shown by Boom Hunter Pro and trade stocks to make high-profit returns.
The Boom Hunter Pro indicator's finest entry and exit locations for your preferred trades are now available in this simple manner.
Conclusion
The Boom Hunter Pro Indicator is a long and short-entry monitoring oscillator used by traders worldwide. Since it uses the entire concept of the Center of Gravity (COG) oscillator, traders can easily understand and use it.
However, the indications shown by the Boom Hunter Pro Indicator may only stand out to be true sometimes. Along with this, the forecasting accuracy of the indicator is not 100%. It only gives the possible entry or exit points.
We hope you found this information about the Boom Hunter Pro Indicator useful. Use it in your investment journey to yield high-profit returns from the stock market. Happy Trading!
MFI indicator and how to work with itHello everyone, letit is in touch and today we want to tell you about one very cool indicator.
MFI - (money flow index) is a technical indicator designed to demonstrate the intensity with which money is invested in a security and withdrawn from it by analyzing trading volumes and the ratio of typical prices of periods.
it shows how attractive the asset looks. That is, the degree of intensity of investing money in it. At the same time, only the dynamics of the indicator is important, its value at a particular moment in itself does not matter much.
That is, speaking in simple terms, there is a similarity with rsi, but here it is not so strict in terms of divergences and convergences.
The indicator simply shows the discrepancy between the cash flow and the price of an asset.
Now on bitcoin we can see this discrepancy.
We had growth when money left the asset - this is a signal for a fall.
Therefore, the team and I expect the asset to fall to the area of 21500-20200, and from there it will turn around.
Below are some more examples of discrepancies.
If you liked the article, then put a reaction and write a comment - it will help us a lot.
#INDUSFIN BUY at 28, Target 41, SL 22 . #sharemarket #stockmar#INDUS FIN:
Breakout Happened on the upper side of the wave formation. SO we can Expect a Target of 41, with SL 22.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Manappuram Finance - Daily - cmp 116Stock has made an inverted head and shoulders pattern on daily charts.
Plus there is a golden crossover on daily charts. Bullish sign.
(Lets see if it holds the pattern and indications)
Above neckline of 126
Targets can be 132-139-146
SL - daily closing below 107
Alwasy trail your profits.
*This is just a view. trade on your own risl
Bank Nifty Analysis for 17/01/2023Bank nifty is into channel pattern from last one week ,
upside if breaks 42300 and sustains then can go upto 42500 / 42700 if banknifty breaks the upside of channel can go upto 42890 as it is resistance
downside if breaks 42000 then can go upto 41800 and 41750 ..
this is for educational purpose no recommendation
How to compare relative performance between stocks and indices ?You can compare the relative performance by using the compare option on charts. The compare function tool is used to compare the market movements of two or more different symbols simultaneously. Popular use for a comparison chart is comparing two companies within the same sector.
Click on the Compare or Add symbol button (displayed as plus sign) on the toolbar along the top of the chart, search and add the indices/stock which you would like to compare. You will see a representation of the percentage comparison from the beginning price point to the current price.
To delete the comparison line right-click on it and click on ‘Remove’.
This example is comparison chart of Nifty Bank and Nifty PSU Bank.
After 12 years i.e. 1st November, 2010 - 7th November, 2022:
Nifty Bank - 214% Positive
Nifty PSU Bank - 31% Negative
Nifty PSU Bank has given breakout.
I hope this little information on comparing indices/stocks is useful. Please feel free to write any additional information in the comments section below.
Thanks and happy learning/trading.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Technical Market Indicatorslet us understand what the different types of
TECHNICAL MARKET INDICATORS in brief
😎Trend indicators are stronger than any other technical market indicator:-
A market trend is a tendency of a stock market to move in a particular direction over time
These trends are classified as secular trends for long time frames, primary trends for medium time frames, and secondary trends
lasting short times
Trend indicators are always lagging indicators as a trend has to establish first, before it can be measured
😎 Breadth indicators are designed to confirm a price action or an existing trend
Breadth indicators are measuring the overall strength of a price action or an existing trend by analyzing the proportion of the
overall stocks or volume that are participating in the market’s up or down move
Some measures of market breadth involve the volume of rising stocks compared to the volume of falling stocks
😎 Measure the investing behavior of certain trader groups
Contrarian market indicators attempt to measure the overall bullish or bearish attitude towards the market among traders and
investors (market sentiment) or tracking down the investing behavior of smart money and dumb money
Those indicators lead and/or confirm price actions
Somehow they are a mixture between trend- and breadth indicators and oscillators
😎 Oscillators are leading indicators as they lead a price move
Oscillators are leading indicators as they lead a price move
They move above and below a centerline (center oscillators) or are banded (banded oscillators) between two extreme values
The banded oscillators are designed for discovering shortterm overbought or oversold conditions. As the value of the
oscillator approaches the upper extreme band the stock market is deemed to be overbought, and as it approaches the lower
extreme it is deemed to be oversold
ALL THESE INDICATORS HAVE THEIR OWN ADVANTAGES AND COMPLICACY
I have tried to share details in bried
hope you enjoyed reading it
disclaimer - shared as read
Top 3 TradingView indicators for trading the NFPNFP or Non Farm Payrolls is one of the most important economic reports that forex, commodity, and stock traders follow because it can act as an indicator for health of the US economy.
The NFP reports on the number of jobs added to the US economy in the previous month excluding those employed by farms, the federal government, non-profit organizations and private households. The NFP report is released on the first Friday of each month and can be responsible for some of the biggest movements in Forex and other assets.
Trading the NFP before it even happens can be risky because of the high volatility and possible widening spreads. It can be safer to wait 15 to 30 minutes after the release of the NFP report and pair your technical analysis with the following 3 indicators.
Top 3 indicators for trading the NFP:
Auto Fibonacci Levels + Auto Trend Line Generator
Retracements after the release of the NFP are not an uncommon occurrence as predicting the value of the NFP is frequently far off the mark. As the market digests the unpredictable NFP results it can set out to correct its wrong assumption. Trading the NFP during retracements could be tiring, especially if you are doing a lot of Fibonacci calculations. The Auto Fibonacci Levels + Auto Trend Line Generator Indicator helps you with this, by showing you the most important Fibonacci retracements points directly on your graph.
Sessions & Days Of The Week
Sometimes it is best to keep it simple. The Sessions & Days Of The Week Indicator is discreet but is an important indicator that will show you the day of the week and the start and end of each day. This gives you a wholistic view of the markets from a global perspective which can help you understand how behave in the days and hours leading up to, during, and after the NFP. The indicator is applicable over all time frames so keeping track of different times zone and session changes over is a cinch.
Volatility Quality Index w/ Pips Filtering
One of the oldest indicators that has been used by traders for years is VQ or Volatility Quality Indicators. This indicator can be vital for determining a bad (unsustainable) and good (sustainable) volatility caused by an NFP release and great when you need an additional confirmation before entering a trade.
The Powerful Indicator that can lead you to SuccessHello Everyone,
Today we are again with a New Topic CRS (Comparative Relative Strength)
So Lets Start
What is Comparative Relative Strength
This chapter will share insights on a valuable lesser-known form of market analysis referred to as comparative relative strength ( CRS ). This is the study of one stock or sector in relation to other sectors or the overall market. This technical study can give a better look at where the money may or may not be flowing. Comparative relative strength is not to be confused with Welles Wilder's relative strength index or Williams Percent “R” indicators. Both of these technical tools are considered oscillators and give an indication if the stock or security is overbought or oversold relative to its past price action over a specific period of time.
WHAT IS IT USED FOR?
In using CRS , we take one market and divide it into another, and the result is a continuous close line graph. Typically, the numerator is the product that we are comparing against the denominator or benchmark. This technique is used to uncover or detect any hidden weakness or strength when analyzing one company against another in the same sector or comparing an individual stock against its related industry sector. We can also use this technique to compare individual stocks or sectors to the benchmark stock index like the Standard & Poor's ( S&P ) 500, the Dow Jones Industrial Average , the Russell 200, the Nasdaq 100, or the Nasdaq Composite . Why do traders use this analysis method? To see where the money is flowing to help confirm a trading bias. To see if a stock or sector is outperforming compared to its benchmark. To see which are the weakest sectors compared to the benchmark. As an early warning signal.
Pair Trading
A pair trade simply consists of buying one company and simultaneously selling short another similar or “like” company with the expected results to see the company one bought outperforming the company that was sold. Keep in mind that the key word here is performance. As you will see, markets can move higher or lower, but one product may not move up or down as far or fast compared to the like market. This is why a spread or relative strength chart may show an increase or decrease in the trend.
Example of Pair Trading :-
We saw a couple of months ago that when Ronaldo moved two Bottles of Coke, The share price of coke started to a downfall in this situation Pepsi will get a much profit than coke so we will select Pepsi to buy
CREATING THE CHARTS
Setting up your charting platform is relatively easy. A basic relative chart is created as a spread chart. Here are a few reasons why you want to look at a comparative difference chart. Comparative analysis or pairs-trading charts are easy to create. Again, we're only looking at the price relationship of one product against another. Logically, since the price is dictated by the laws of supply and demand , you can anticipate that when one market outperforms another, it will do so over a period of time, which lends itself to a trending condition.
As you can see with the Help of the Moving Average and the Breakout of Trend Line in CRS ( Comparative Relative Strength )
This shows with the potential of moving up The dead Company Tata power shows a big bullish than Power grid
Trader's Tip
1. When placing a spread trade, one should remember to enter the size of each side of the trade basis, and the notional value of each side of the spread. Spread trades are not necessarily placed on a “one-to-one” basis, such as selling 100 shares and buying 100 shares. In commodity spreads, for example, one platinum contract is 50 ounces and one gold contract is 100 ounces. Therefore, as a correct spread trade, a ratio of two contracts of platinum versus one contract of gold would be the correct trade per spread order. As for the S&P 500 (ES) versus the Nasdaq 100 (NQ), if the E-mini S&P is valued at 1,340 and the index is priced at $50 times the index, then the notional contract value is $67,000. At the same time, if the E-Mini Nasdaq 100 contract is valued at 2605 and the index is priced at $20 times the index, then the notional contract value is $52,100. Therefore, a correct ratio for a spread trade between the ES and the NQ would be four contracts of the S&P versus five contracts of the Nasdaq
2. Thus, using comparative RS is by definition trading metric. Once again, the question begs: How we can make money using this form of analysis? Spread charts or RS comparisons graphs can give you an idea of the best place to put your money, but perhaps it may help you decide where not to put your money. Using trend-line breaks in the RS charts helps us to uncover what we call divergence between the spread chart and absolute prices. Therefore, make sure you set up your trading platform so that you look at the two different markets that you want to compare against, as well as the spread or the RS chart.
Two definitions of metrics found in Webster's dictionary are
1. The art of metrical composition, which is pertaining to measurement.
2. Combining form means the science of measuring that specified by the initial element.
Automating Signals
Most traders and technicians ask themselves what they can do to improve their indicators so they can respond more quickly to changes in market conditions. The obvious answer is the speed at which the data is received. But for end-of-day analysis, speed is not an issue. With thousands of markets to analyze, it would be nearly impossible to detect signals in all the market combinations, a requirement of using RS analysis. Therefore, it is best to take advantage of computer technology and create an automated scanning feature. How do we create this? By using moving averages on the RS charts themselves. As a rule of thumb, when using moving averages, the shorter the time frame, the more sensitive it is to price changes. I find that using a simple moving average for shorter time periods is effective for using longer time frames. Using a weighted moving average to the nearest close is more effective. For instance, if I'm using a 3- period moving average, I would use a simple moving average . If I'm using 12 or more time periods, I would use a weighted close moving average. In the following examples, I am using a 15-period weighted moving average .
Comparing two significant charts, So that we could find which gives more profit and which gives less
Conclusion
Comparative RS analysis demonstrates the concept of sticking with stocks in the strongest-performing groups—that's not to say that you can't make money in an overall rising stock market, but your best rate of return or performance will be with the stocks that are tied to strong industry groups. It also helps identify the weaker sectors, so you may figure out what to avoid. That way you are not putting good money to use on a less productive market. I don't want to make this out to be the end-all form of analysis. As I will discuss, there is no one single holy grail of market analysis tools or techniques; that's why we look for corroborating analysis, such as trying to fine-tune our indicators and finding the need for using a moving average of the spread or RS line in addition to trend line analysis. The coming chapters will show how we can apply other tools and techniques to help pinpoint our price entries as well as exit strategies.
Hope you all Like it
Bye-Bye for now
Intraday Price Action Indicator - Multi TimeframeHi,
Success in the stock Market without good Tool and Guidance is Challengeable.
Here is the Indicator which is very user friendly and effective for intraday Trading. Please checkout the Signature tab and Join the link if you need this.
Details of the Indicator:
Method of Trading – Intraday, Positional or Swing – Indices, Stocks and Commodity Markets
Golden Zones : When two or more indicator levels are confluences at one price point which will act as Strong Support and Resistance in the Market. That is called Golden Zone.
CPR & Pivot (Daily / Weekly / Monthly) – Based on the previous Timeframe values, it will automatically calculates the Support and Resistance values for the upcoming Sessions.
BUY / SELL Levels (W-Refers the Weekly levels) – Possible Reversal in the market we can expect at this price level. Depends on the Time frame (Daily/Weekly)
Bull BO / Bear BO (W-Refers the Weekly levels) – Possible Breakout level, If breakout happens price will move to reach the Target 1 and 2 Points based on which side the price breaks ( BULLISH / BEARISH ). We can initiate our BUY/SELL Entries.
Target 1 & Target 2 – Once the Price breaks the Breakout (Bull BO / Bear BO) levels, it will try to reach the Target Points where we can book our profits.
Tomorrow Levels - This will help us to enable the next day trading session Support and Resistance Levels in advance to do pre-analysis to prepare for the Entry and Exits.
Colored Candles : Lime Green and Violet colored candles will indicate the Possible Trend Reversals.
Triangles : Orange and Violet triangles will indicate the Confirmation of Trend Reversal.
BUY / SELL Signal – Considering the momentum and the Trend change it will suggest the possible entry time.
Dashboard :
1. Weekly Trend : This will indicate how the current week trend is going to be – Trending / Sideways
2. Today – Current Session expectation in the Market ( Bullish / Bearish )
3. Sentiment – Indicates the Traders mind set (Positive/Negative Side)
4. Range - This will indicate how the current Day trend is going to be – Trending / Sideways
5. MB / MA Trend – This identifies the major trend (Is the Stock / script in Up Trend or Down Trend)
6. Other Parameters – Will indicates the present situation in the market
7. RSI Values – This is to know and understand the momentum of the particular script
Bank Nifty - Intraday Levels for 14 July 2022 - Weekly ExpiryBanknifty Levels for Tomorrow..
Trend : Bearish
Sentiment : Negative
Expectation : Bearishly Aligned but Rangebound / Volatile day
Expecting Banknifty to Open Small Gap Down / Sideways Open any support near 34600 level we can look for Long Opportunity. Being an expiry day wait for 1st half to identify the trend and then take your trade around 1:30 Pm
Buy above 34646 - Target CPR / Sell Reversal 34965
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Bank Nifty - Intraday Levels for 12 July 2022BankNifty Intraday Levels for Tomorrow..
Trend : Bullish
Sentiment : Positive
Expectation : Bearish Reversal
Expecting BankNifty to Open Flat / Small Gap down as Global indices are trading mixed - so it may open around BUY Reversal zone / Inside CPR, any breakout above CPR we can look for BUY opportunity for PDH and SELL Reversal levels.
If any weakness and breaks 35175, we can expect reversal in BN.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty - Intraday Levels for 12 July 2022Nifty Intraday Levels for Tomorrow..
Trend : Bearish
Sentiment : Positive
Expectation : Bearish Reversal
Expecting Nifty to Open Flat / Small Gap down as Global indices are trading mixed - so it may open around BUY Reversal zone, wait for a pull back to test Trend line then we can go long for Targets CPR, PDH / SELL Reversal levels. Incase any breakout above CPR is also we can see some Buying Opportunity. If Nifty trades below CPR, there is a possibility to test PDL and lower Targets. As this week is going to be Sideways market.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Technical Indicators: Are they certain or probabilistic?There are three types of technical indicators that I have listed in this post- Trend, Momentum and Volatility . This is not an exhaustive but selective list of indicators. The selection is based upon the most useful and the most popular ones.
🔊 General Definitions
✔ Trend Indicators : They represent the overall direction of the market. These indicators lose their significance in a sideways market.
✔ Momentum Indicators : They represent the rate of change in price over a period of time. These indicators oscillate between a defined upper and lower limit and hence are also known as oscillators.
✔ Volatility Indicators : They represent the intensity of price swings around the mean price. These indicators are useful in identifying vital values such as stop loss and targets.
👉 Select carefully : Any indicator can be selected from a specific group but it should be avoided to select two indicators from same group. Reason being two indicators would fire signals for the same characteristic and hence one of the signals will become redundant.
For using multiple indicators, it is advised to take only one signal from each group.
👉 Certainty behind indicators : Trading is probabilistic and indicators are a subset of trading, hence they cannot be certain. In simple words, indicators are derivatives of the price action so most of them are delayed. That is the reason, many a times, signals are fired too late. On the other hand indicators are good at devising strategies.
🚩It is advised to trade one strategy consistently. One advantage of indicator based strategies is that they make the trading process more mechanical and hence help in infusing discipline. In this way it may suppress the haunting psychological weaknesses in traders over a period of time.
🚩There are some traders who have used indicators and made money while most of the others have given up on indicators and made money by trading price action only. In my opinion one should always give it a try before giving up. It will surely add to one’s knowledge. I am not too much in favor of indicators but one should always try to discover new things for creativity.
I hope it helped. Thanks for reading 👋
Nifty - Intraday Levels for 28 Jun 2022
Nifty Intraday Levels...
Trend : Bullish
Sentiment : Negative
Expectation : Bearish Reversal
Expecting Nifty to Open Flat / Small Gap down below CPR , If any rejection around CPR /Sell Reversal zone we can go short and target is Virgin CPR below at 15700 ...
Any breakout above CPR , buying opportunity and sustains above R1/Bull Breakout levels we can expect Nifty to test 16000
Refer the chart for detailed Intraday Support and Resistance levels for 28th June - Tuesday.
Happy Trading!!