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Metal index - Possible reversal zone. When we saw heavy selling in US stocks at the same time we have observed weakness in some of indian index. Metal index is one of them. 5900 is a crucial resistance zone where index been rejected multiple times and even last week price broke out but failed to sustain & friday we saw rejection from the zone. A reversal candle will confirm the pattern and can initiate shorts in Metal stocks. Fib Level - Retracement pending, 50% of retracement is near 5200. Technical - Successfully completed the Cup and expecting the formation of handle
CShort
by TheStocktrader_Skn
BULLISH on NCC (Investing)NSE:NCC I am finding NCC bullish for short term to medium term Investment purpose. On the weekly timeframe it has breakout from the trendline. The Price is above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 6 months to 1 year. The Target 1 is near 100 level, after that we will review what to go next. The SL level is near 58 level. Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a Tip.
NSE:NCCLong
by Kunal-Battu
BTC/USD - Weekly OverviewThe bears are back again in the overall market conditions as the weekly loss for BTC reaches nearly (-)12.30%. On the chart, the price level has suffered a negative breakout from the rising channel pattern reflecting upon a strong change in sentiments During the past bullish rally, BTC faced significant resistance around the 0.236FIB level which may have resulted in the sentiment change. Additionally, MA-10 has also suffered a negative crossover against MA-20 and the price level has again fallen below major moving averages The MACD level also showcased bearish crossover and red bars formation on the histogram. The RSI level suffered a dip towards the oversold region and still showcased negative nature while residing at 33.80 Overall, negative sentiment has surely kicked backed in the overall market conditions. Narrative of the possible new-yearly bottom for the world’s largest cryptocurrency has started to float on media channels. Adding to that, support levels for BTC can be placed at $20K and $18K. On the contrary, resistance can be placed at $23K and $25K.
COINBASE:BTCUSD
by TradeDog-Research
Trading: Ideal Patterns and Behavior✅Almost all traders read books and tutorial over the internet regarding technical analysis and patterns. After reading a lot of literature, traders start believing that some patterns ought to work 100% of the times. But according to my personal experience, this is just a mistaken belief. ✅The chart patterns are based upon human psychology, which the pioneers of technical analysis claim that never changes. But in my humble opinion, different human beings have different psychology in life as well as in trading. Not only that, the trading behavior of one particular trader might be different at different occasions. ✅But does that means we should not rely upon technical analysis at all? ✅In order to settle this dilemma, I must say that 'adaptation' is the best strategy one can add in his/her quiver. Seeking ideal behavior is perfectly fine but when things deviate from theory, we must adapt to the psychological behavior of the traders/investors. ✅Yes, this puts into practice a widely accepted truth that trading is more than 70% psychology. ✅As as example, the stock above never retested the resistance zone, which was an ideal behavior to test buyers at a level which once was a resistance. But it never happened and the stock gave a very strong move after the breakout. ✅A stubborn pullback trader would miss a nice 25% leg in this case. But if he adapts to the buyers' psychology, who were so eager to buy this stock, he would look for opportunities on smaller timeframes with minimum risk and huge potential for momentum. Determination is a wonderful disposition but obstinate determination may hurt, both in trading or in life too. I hope it was useful. Thanks for reading. Keep liking for more educational stuff in coming days. JJSingh (@Bravetotrade)
NSE:CUBEducation
by Bravetotrade
13
BTC/USD - Weekly OverviewThe past weekly price performance of Bitcoin was witnessed within the rising channel pattern. The world’s largest cryptocurrency is moving within the bullish pattern since the previous month suggesting a strong build-up by the bulls However, during the past week, the price level regularly tested the lower base of the pattern suggesting profit booking momentum alongside. On the moving averages. MA-20 is providing strong support while residing at around $23.9K. Any breakdown below it can result in bears coming back into the scenario The RSI level is also maintaining strong sustainability above 50 but is being regularly tested. For further emphasis, we have used DMI which reflects upon the prevailing sentiment. A positive crossover of ADX against +DI is witnessed on the chart which suggests -DI has some room to increase the negative sentiment. Overall, BTC is currently being traded at a critical level wherein it needs to find sustainability and positive sentiment to carry forward the bullish momentum built over the past month. The resistance levels can be placed at $25K and $27K. Whereas, support levels can be placed around $23K and $21K.
COINBASE:BTCUSDShort
by TradeDog-Research
CROMPTON GREAVES : GOOD FOR LONG TERM HOLDING !!Hello !! Welcome to the quick update of Crompton Greaves. It has shown potential rally from the last two days and has broken the long term down trend upwards. A good rally may be imminent here if one consider this stock to add to his/her portfolio as this stock has very good fundamentals. The possible entry points should be in the range of Rs 325 to Rs 337 with a target of Rs 372, 384, 403+ This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:CROMPTONLong
by ScramblerG
3
BTC/USD - Weekly OverviewAs previously suggested by our team of analysts, Bitcoin is moving within the rising channel pattern marking higher highs and higher lows. The pattern also represents positive sentiment present in the overall market conditions. Considering moving averages, MA-50 is showcasing a positive trend on that chart and had provided support to the price level on multiple occasions during the past couple of weeks The MACD level is also looking at the potential to have bullish crossover which can further result in more positive momentum for the world’s largest cryptocurrency. The RSI level is also backing the hypothesis of a positive trend as a sharp positive bounceback is reflected on the chart. The current level is residing at around 62.10. Overall, BTC has developed strong sustainability around $22.5K and $21K. If the positive momentum continues to sustain, it can face resistance at $24K and $25K respectively.
COINBASE:BTCUSDLong
by TradeDog-Research