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SGX Nifty possibilities of long and short trades.This is an Idea of SGX Nifty probabilities on a Long note. Fibo retracment : Lets start with basi Fibo retracement, from point A to B , which is already at 38.2%, now we all know if this is going to be a strong bull trend there will be a possible reversal at this level or a possible reversal will be at 50% which comes around 17238 - 16938 .. it doesnt have to be 50% it may even take a reversal at 61.8% as well. Pitchfork : A valid Pitchfork has been broken and trigger line has been rejected (Normal terms we call it trendline) 2 possibilities here: One, this could be a retest of the broken pitfork line which is absolutely at fibo 50% which can only be known once it reaches that area of horizontal support Two, this could be a downtrend after getting rejected by the trendline at point B. H&S Pattern : There is an Head and shoulder pattern in formation which could take support at Fibo 50% and revert back to the trendline, if this happens and a breakout of trendline is seen, target is mentioned on chart. lets say H&S is not formed, trendline or pitchfork parallol line still acts as a strong resistance, or breaks pitchfork and rejects at trendline, that is going to be a 3rd time rejection of this trendline, we might see a stong move downside once again. which i called alternate possibility.
NSEIX:NIFTY1!
by TaurusTeam
1
BUY TEXMOPIPES (a micro-cap company with good fundamentals)Its a micro cap company, don't invest more than 4-5% of your capital. PROS (as per screener.in) - - Company has reduced debt. - Company is almost debt free. - Stock is trading at 0.74 times its book value - Company is expected to give good quarter - Company has delivered good profit growth of 29.09% CAGR over last 5 years - Debtor days have improved from 53.85 to 38.54 days. CONS (as per screener.in) - - Though the company is reporting repeated profits, it is not paying out dividend - Company has a low return on equity of 2.89% for last 3 years. - Company's cost of borrowing seems high Buy at 55-60 (Stock is in upper circuit) Target as per Fibonacci: 80, 100, also can keep for long term SL: 45 Follow me on tradingview @arsalanansari17
NSE:TEXMOPIPESLong
by StrugglingTrader17
Bitcoin's rising wedge on the 4hBitcoin is forming a rising wedge on the 4h (what is a bearish pattern). If it breaks the lower support then we're likely to see the 57-58K range. This may be a nice bounce since we're seeing a nice a wick from the bottom. Let's hope this will be a trend reversal but we should also be aware of the Bitcoin fundamentals which can (slightly) change (ie. the Taproot Upgrade). But, I'm still bullish for the future! To be honest with y'all I've de-risked a lot of my perps and are foremostly in spot because we're right now in a breaking point in my opinion (if we go down, we go down hard, if we go up, we go up but slighly slower) The VPVR shows a lot of buying pressure at around 63K and not so much selling pressure above the current price. If we break the current red zone, the next resistance that I'm watching is at around 65.5K.
FTX:BTCPERP
by Awinish
Breakout of the Triangle When looking at the current BTC price you can see it broke down out of the symmetrical triangle and also broke the horizontal support. We also got a 4 hour close out of the triangle, so I'd say we have a confirmed breakdown. I closed all of my long positions earlier today but I still don't know yet if I should short or not, since we were in a heavy uptrend. The RSI is heading a little bit lower and the VPVR shows a gap in the volume (so not so much buying pressure). If I signal buying pressure from the bulls, I might reconsider to open up a new long lev position (low lev). But with leverage I'm careful because it can go fast and I don't want to be high leveraged on the wrong side. But I'm definitely keeping my eye on the green support zone.
FTX:BTCPERP
by Awinish
Bitcoin's Symmetrical TriangleBitcoin is forming a symmetrical triangle on the 4H. As can be seen it bounced perfectly during the dump and I might be looking for a long opportunity somewhere in the green area. If we bounce of course, if not, it may offer a opportunity to short but I'll pass that one probably. If we break up the technical target is around 68K, if we break down the technical target is at around 53K (which I don't hope for but wouldn't be something extraordinary) Bear in mind that we haven't had a real correction ever since the 40K level of september ;) Let me know what you think
FTX:BTCPERP
by Awinish
ACC will give a Big-Move...!!Hello, Trader and Investors, I am Adarsh Dadhe, I am a student and a part-time Trader also, I analyze well so come on the topic, we all should know that there is bull run in the market. In this bull run I searching some blue-chip company's stocks for trade, and luckily I found ACC then I analyze it, after that I see a super up-trend in day(D) time-frame and also a triangle pattern, so I am just telling you that you should or you can trade ACC on its UP/DOWN breakout, so keep eye on it🧐, it will be a great chance!
NSE:ACC
by adarshdadhe48
Bank Nifty Update for 26th October 2021NSE:BANKNIFTY Bank Nifty Update for 26th October 2021 ============================== BANKNIFTY INDEX has outperformed NIFTY and is trading on ALL-TIME-HIGH levels. Index is continuously making higher highs & now has formed HARMONIC ABCD pattern. Here's the trade setup for today: For buying: The pattern will be activated above 41,800 and a bullish momentum will be seen if the price sustains above it. Possible targets on the upsides are 42,000/42,200/42,400/42,600 For Short: Short will only be activated below 41,000 levels Trade setup ============== Key support is: 41,000 Key Resistance is: 41,800 Trade Accordingly!
NSE:BANKNIFTY
by CodeViser
1