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BankNifty's Elliott Wave : Can It Reach Targets 49250+ & 49650+ As Elliotticians, this is one of the cardinal rules often overlooked, leading analysts and traders into traps. However, knowing the "line in the sand" where you could go wrong—48610—is crucial. Getting the opportunity and executing the trade is another challenge, leaving no room for emotions. Emotions in trading can be dangerous; in fact, managing emotions is equally important in real-life decision-making. As discussed earlier today, just 60 minutes ago, the question remains: Can we touch 49250+ and 49650+ upside targets? Always consult your financial advisor before making any trades. Regards, WaveTalks Market Whispers - Can You Hear Them?
NSE:BANKNIFTYLong
by WaveTalks
9
#Nifty directions and levels for January 21st, TuesdayGood Morning, friends! 🌞 Here are the market directions and levels for January 21st, Tuesday: Market Overview: The global market is maintaining a bullish sentiment (based on the Dow Jones), while our local market shows a moderately bullish sentiment. Today, the market is likely to open with a neutral to slightly gap-up start, as the Gift Nifty indicates a +60 point positive opening. In the previous session, both Nifty and Bank Nifty had a solid pullback. According to the structure, it seems like a "flag pattern." If the market breaks the immediate resistance with a solid candle today, we can expect a further rally continuation. However, if we analyze the wave structure, it could represent the "C" leg, and also its a final leg of the pullback. So, In this scenario, if the market rejects around the immediate resistance, we can initially expect a 23% to 38% correction. A trend reversal (from bullish to bearish) will be considered only if the 38% Fibonacci level is broken. This is the basic structure. Let's look at the chart for more clarity. Both Nifty and Bank Nifty exhibit similar structural sentiments. Current View: The current view, based on Elliott Wave analysis, suggests that if the gap-up doesn't sustain or if the market faces rejection around the immediate resistance, we can expect a minimum correction of 23% to 38% in the minor swing. This is a major support level, so until the 38% mark is broken, the trend remains bullish. Conversely, if it breaks the 38%, we can consider that a trend reversal. Alternate View: The alternate view suggests that if the gap-up sustains and consolidates or breaks the immediate resistance level, then the rally will likely continue. In this case, we can consider that a flag pattern or the third wave of the new impulse.
NSE:NIFTY
by Manickamtraders
4
Bitcoin Bybit chart analysis january 20 Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. Today, Nasdaq is closed and there is a high possibility of sideways movement. In the case of Bitcoin, the report is being updated, and the movement is coming out as expected before. The most important part is whether the weekly chart MACD dead cross is in progress. If the Bollinger band weekly chart resistance line is touched, the dead cross is ignored and can continue to rise, but if it is not touched, the dead cross must be imprinted while moving sideways, so the sideways movement period may be long in the mid-term. Today, based on trend following * One-way long position strategy when the red finger moves 1. $ 107,086.5 long position entry section / stop loss price when the green support line is broken 2. $ 113,417 long position 1st target -> Good 2nd target The Good section at the top is the weekly chart Bollinger band resistance line. From this section touch, you can operate a short position autonomously, and from the update of the report, it can shake up and down greatly, so you must proceed with the stop loss price unconditionally. From the green support line -> Bottom, a long bullish candle is in progress, and since it is a full candle, even if it moves sideways, it should not go down to the bottom and should be supported. Up to this point, I ask that you simply refer to and use my analysis, and I hope that you operate safely with principle trading and stop loss price. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
EURUSD: Consolidating above the descending channel!Dear friends, The Euro (EUR) extended its recovery against the US Dollar (USD) on Monday, slightly climbing above the 1.0400 level as the greenback faced significant pressure. In fact, the US Dollar Index (DXY) struggled amidst a broad risk-on sentiment as investors analyzed President Trump's inaugural message for potential policy implications. Looking at the technical chart, EUR/USD shows signs of breaking out of its descending channel on the 4-hour timeframe, signaling a shift in momentum. The price is trading above both the 34-period and 89-period exponential moving averages (EMAs), indicating bullish strength. However, the current area of 1.0400–1.0450 may serve as resistance, with sellers likely stepping in. A pullback to test the breakout zone or the EMA support is reasonable before a higher move unfolds. Key support lies near the 1.0300 mark, while a push above 1.0450 could pave the way toward 1.0500 and beyond.
Long
by Joegoldwave
2
Simple Price Action Analysis in CREDITACCStock was falling since in a typical downfall manner - LL &LH Suddenly there are volume Spikes since last few trading session and first time the lower high broken with recent low is made higher than previous one Now if it breaks recent High (Daily close>1030) then there may be confirmed trend reversal. The high volume bars gave some aid to Analysis. Few more confirmations - Price closed today crossing daily EMA50 - Rsi trending up almost reaching 60 - Highest delivery today after 8th January - closed above Supertrend. Earliest Target can be Latest Daily EMA 200 : 1150-1160 Long term Targets are 1200,1300,1400+ SL can be 880 Keep watch and do your analysis and give suggestions in comments.
NSE:CREDITACCLong
by TradeKings5586
2
Stocks in Focus: Biocon, Bharat Dynamics & Apollo Micro Systems1. Biocon NSE:BIOCON ● The stock reached a peak of ₹483 in December 2020, then experienced a downturn, entered a prolonged consolidation phase. ● This phase led to the formation of an Inverted Head & Shoulder pattern. ● Following a recent breakout, the stock is now poised for upward movement. 2. Bharat Dynamics NSE:BDL ● After hitting an all-time high around ₹1,795, the stock saw a decline of nearly 50% and eventually found support at ₹890. ● From this point, the price rebounded and recently surpassed its trendline resistance, setting the stage for substantial future gains. 3. Apollo Micro Systems NSE:APOLLO ● The stock underwent significant consolidation after marking an all-time high near ₹161. ● With a fresh breakout, the price is now set to exceed its past high and make new highs.
NSE:BIOCONLong
by GoodluckCapital
3
BITCOIN 3 rd wave in progress.this weekly chart of BITCOIN has tried to capture its wave progression . 1st wave of of ungoing 3 rd wave is in progress. 2 nd wave in this main chart has retraced 50 percent of 1 st wave. in november 2022. Now 5 th wave of 3 rd wave is in progree. normally it should terminate at 127000. This is not any trading recommendation. It is my study only. But bullishness of Botcoin is obvious. If this study helps you like this post. follow me to get updates.
Long
by bijoy2526
1
Gold prices today, January 21: Unexpected sharp reversalGold prices have risen slightly due to a weaker USD as the market assesses the economic impact of President Trump’s policies following his inauguration. A Trump administration official stated that the president will issue a trade memorandum on his first day in office without imposing new tariffs. The price spread between futures and spot gold has widened recently as traders speculate on the impact of U.S. import tariffs. While gold is a hedge against inflation, Trump’s tariff policies could lead the Federal Reserve to maintain higher interest rates for a longer period, which would reduce the appeal of gold. However, dovish comments from Fed Governor Waller and reports about gradually applied tariffs have led traders to adjust their expectations, now predicting two rate cuts this year instead of just one. Gold is currently in an upward price channel and could continue to rise if it holds support at 2,693. From a technical analysis perspective, gold is currently in an upward price channel with clear upward waves. The new support level at 2,693 reinforces the bullish trend, and if gold holds above this level, it could continue to target higher levels. The next significant resistance is around 2,720 – 2,730, and if broken, gold could continue to rise sharply to 2,750. The Take Profit (TP) level could be set in the 2,750 – 2,760 range, while the Stop Loss (SL) should be placed around 2,680 – 2,690 to mitigate risk if the price reverses. If gold breaks the support level at 2,693, this could signal a reversal, and it is recommended to reconsider the strategy.
OANDA:XAUUSD
by Brigi_ta
1
AUDUSD Short Setup at Bearish Order Block in 1H TFHello Traders! Here's a simple but effective short setup idea for AUDUSD based on price action and market structure: Key Insight: AUDUSD is showing signs of bearish momentum as it approaches a bearish order block that aligns with a strong resistance zone. This makes it an ideal area to look for potential sell entries. Setup Details: Entry Zone: Place a short position near the bearish order block. Look for confirmation such as rejection wicks, bearish candlestick patterns, or momentum shifts on lower time frames before entering. Target: The opposite side liquidity, where price is likely to seek equilibrium. This could be located near recent swing lows or a liquidity pool. Stop Loss: Place it above the bearish order block to protect against invalidation of the setup. Trade Plan: Wait for price to tap into the bearish order block and monitor for signs of rejection before committing. Manage your risk by calculating an appropriate lot size based on your risk management plan. This setup offers a clear risk-to-reward structure, making it an appealing opportunity for those focusing on clean price action. Let me know your thoughts on this setup and how you're approaching AUDUSD. Good luck, and trade safe!
Short
by k4u5h47
4
LEGEND SPEAKS #3 (Jim Roppel)Jim Roppel is a seasoned investor with a unique approach to stock market investing, and his career offers a wealth of knowledge for traders and investors looking to refine their strategies. His expertise in spotting growth opportunities and his disciplined approach to investing have helped him build a strong track record over the years. While not as widely known as some other investors, Jim Roppel’s lessons are valuable, especially for those who want to succeed in the stock market with a methodical and long-term perspective. Here are some key lessons that traders and investors can learn from Jim Roppel’s approach. 1. Focus on Quality Over Quantity Jim Roppel has always been an advocate of concentrating on high-quality companies rather than diversifying into many stocks. By focusing on companies with strong fundamentals, good management, and sustainable growth prospects, investors can avoid the risks associated with over-diversification. This approach allows for more in-depth research and a better understanding of the businesses you invest in. Key Takeaway: Prioritize quality over quantity. Instead of spreading your investments too thin, focus on fewer companies that you truly believe in and can thoroughly understand. 2. Embrace the Power of Compounding One of the most important lessons from Roppel is the power of compounding. He emphasizes the importance of investing in businesses with the potential for long-term growth. When you invest in companies that continuously reinvest their profits into expanding their business or increasing shareholder value, your returns can grow exponentially over time. Key Takeaway: Invest with a long-term perspective. Look for companies that will allow your investments to compound over time. Patience is key to benefiting from compounding returns. 3. Understand the Business, Not Just the Numbers Roppel is not just focused on the financials of a company; he insists on understanding the business and its underlying competitive advantages. A great business will be able to navigate market fluctuations, and an investor needs to assess whether the company has a sustainable edge. Whether it’s innovation, a strong brand, or a unique service, understanding these aspects can provide more clarity than just looking at numbers alone. Key Takeaway: Invest in businesses, not just numbers. Understand what makes a company special and whether its competitive advantages will stand the test of time. 4. Be Skeptical of Short-Term Market Movements Jim Roppel believes that many investors make the mistake of reacting to short-term market movements. He emphasizes that short-term price fluctuations are often driven by emotion and market sentiment, which may not reflect the underlying value of a business. Rather than being swayed by these fluctuations, investors should focus on the long-term prospects of their investments. Key Takeaway: Ignore short-term market noise. Focus on the long-term prospects of a business and avoid reacting to every market movement. Patience and discipline will pay off. 5. Invest in Companies with a Strong Management Team A company’s management team plays a crucial role in determining its success. Roppel has always stressed the importance of investing in companies with leaders who have a proven track record of good decision-making. Great management can steer a company through tough times, ensure proper capital allocation, and execute on its growth strategy effectively. Key Takeaway: Invest in companies with strong, capable management. A good management team can make all the difference in the long-term performance of a business. 6. Risk Management and Capital Preservation Roppel is keenly aware of the risks involved in investing and believes in the importance of capital preservation. He advises against taking on unnecessary risks and stresses that it’s not about how much money you can make, but about how much you can avoid losing. This mindset helps to protect your capital during market downturns and ensures you have the resources to take advantage of opportunities when they arise. Key Takeaway: Focus on risk management. Protect your capital at all costs and avoid risky ventures that could jeopardize your long-term success. 7. Be Disciplined in Your Approach Jim Roppel has demonstrated the importance of staying disciplined in your investment approach. This means sticking to your strategy, not chasing after trends, and being consistent in your decision-making. Roppel advises investors to stay within their circle of competence, avoid making emotional decisions, and be patient enough to wait for the right opportunities. Key Takeaway: Be disciplined and stick to your strategy. Avoid chasing trends or making impulsive decisions, and stay consistent in your investment approach. 8. Value Over Price For Roppel, it’s not about buying stocks at the lowest possible price, but rather investing in businesses that offer strong value. A great business at a reasonable price is often a better investment than buying a cheap stock that lacks potential. Value investing involves assessing the intrinsic worth of a business and ensuring that the price you pay offers a margin of safety. Key Takeaway: Invest based on value, not price. Look for businesses that offer long-term value and have a strong potential for growth, even if the price isn’t the lowest at the moment. 9. Stay Disciplined During Market Downturns Roppel advises that market downturns can often create excellent buying opportunities for patient investors. While many investors may panic and sell during tough times, disciplined investors should use market downturns to their advantage, purchasing shares in high-quality companies at discounted prices. Key Takeaway: Take advantage of market downturns. When the market is down, it may be an opportunity to buy high-quality companies at a discount. Stay disciplined and invest for the long term. Conclusion: Applying Jim Roppel’s Lessons to Trading and Investing Jim Roppel’s approach to investing offers timeless lessons for both traders and long-term investors. By focusing on quality, staying disciplined, understanding the businesses you invest in, and avoiding short-term distractions, traders can develop a more sustainable and effective strategy. Additionally, Roppel’s emphasis on risk management and capital preservation ensures that you’re not just chasing returns but safeguarding your wealth in the process. These principles, when applied with consistency and patience, can help investors build a strong, resilient portfolio capable of weathering market volatility and achieving long-term success. Whether you're just starting out or are an experienced investor, Jim Roppel's approach offers a solid framework for navigating the complexities of the financial markets.
NSE:NIFTYEducation
by keshevdugar
Nifty weekly review - Jan 20 to Jan 24Movement was bit choppy last weak and price tested the patience of option buyers. Still 23400 zone acts as an important zone to decide the direction. Buy above 23220 with the stop loss of 23180 for the targets 23260, 23320, 23380, 23420 and 22460. Sell below 23140 with the stop loss of 23180 for the targets 23100, 23060, 23010, 22960 and 22900. As per the daily chart, price is still testing the support zone. Once the test is over, we can expect good move. Do your own analysis before taking any trade.
NSE:NIFTY
by vanathi
5
#Banknifty directions and levels for January 21st, Tuesday:Current View: The current view, based on Elliott Wave analysis, suggests that if the gap-up doesn't sustain or if the market faces rejection around the immediate resistance, we can expect a minimum correction of 23% to 38% in the minor swing. This is a major support level, so until the 38% mark is broken, the trend remains bullish. Conversely, if it breaks the 38%, we can consider that a trend reversal. Alternate View: The alternate view suggests that if the gap-up sustains and consolidates or breaks the immediate resistance level, then the rally will likely continue. In this case, we can consider that a flag pattern or the third wave of the new impulse.
NSE:BANKNIFTY
by Manickamtraders
Nifty 15-Minute Chart Analysis for Intraday Levels 21st-Jan-2025Hello Everyone, i hope you all will be doing Good in your life and your trading as well. Let's start analysis on NIfty for Intraday Levels. The chart highlights a well-defined No Trading Zone between 23,262 and 23,410. This area indicates indecision, where trading may lead to unfavorable outcomes. Patience is key while waiting for a breakout. Here’s what happens: A move above 23,410 may indicate bullish strength, leading to potential targets of 23,522 and 23,591. Conversely, a move below 23,262 may signal bearish momentum, paving the way for levels like 23,162 and 23,061. These levels act as decision points for intraday traders. A breakout above or below these zones could set the tone for the day. The RSI indicates underlying strength, but confirmation from price action is essential. Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions. If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
NSE:NIFTY
by TraderRahulPal