BUYING THE DIP until new BoS is seen We had been in uptrend as of now and considering this downfall as a retracement, we can expect BANKNIFTY to remain in uptrend so plan your trades accordingly.
Multiple Time Frame Analysis
KIRLOSBROS LongKIRLOSBROS looks bullish on multiple time frame analysis, RSI above 60 weekly RSI & 21 EMA Rising. SL 10 % Target 40-50%.
Good Risk-Rewards in BNBUSDTBelow are the some points to go through for better analysis:
1. BNBUSDT is one of the great coin for trading as well. Liquidity i also doesn't matter
2. Risk Reward is almost 4.
3. Broder Market of Crypto is upside (Upside Trend)
4. BNBUSDT rally is pending
Disclaimer:
Content shared on or through social site channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
MEDPLUSMedplus has given trend-line breakout with increased market participation. Seems promising for midterm trading. Trend reversal is quite possible after almost a year's consolidation.
Signs of REVERSAL from important DEMAND zone!?We can see signs of REVERSAL from our demand zone and psychological level hence as long as the the zone is protected, every dip can be bought so plan your trades accordingly.
Ascending Parallel channel in JSW NSE:JINDALSAW An ascending parallel channel has been formed in weekly & daily channels out of which a current daily bullish candle confirms the reversal of the falling stocks
A confirmed buying can be when it crosses the parallel channel at 310 or risk-takers can accumulate at current levels.
Another bullish signal is the crossing of the EMA 200
#BANKNIFTY - 18TH NOVEMBER!!NSE:BANKNIFTY
Chart contains support and resistance levels ( understand how it works 👇🏻)
Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
BANKNIFTY at very CRUCIAL ZONE !! As we can see we have finally reached the psychological level and important demand zone which hasn’t been tested before and hence could react aggressively from here. Hence as long as BANKNIFTY maintains itself above the given level, we may see sharp short covering else any closing below the given zone could lead to new trend which is downtrend and can lead to further 8-10 percent downfall in coming trading sessions so plan your trades accordingly.
AU SMALL FINANCE BANK - SWING TRADING IDEASymbol - AUBANK
AUBANK is currently trading at 575
I'm seeing a trading opportunity on buy side.
Buying AUBANK Futures at 575
I will add more long position at 566, if comes.
Holding with SL of 558
Targets I'm expecting are 600 - 620 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
US DOLLAR INDEX - TRADE IDEA ON SHORT SIDESymbol - DXY
DXY is currently trading at 105.57
My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side.
Shorting DXY at CMP 105.57
I will add more position if 106.00 comes & will hold with SL 106.30
Targets I'm expecting are 104.75 - 104.30 - 103.73 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BEARISH FLAG IN BANK NIFTY - TIME FOR A SHORT TRADE ?Symbol - BANKNIFTY
CMP 51350
BankNifty has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame & It was trading in a bearish channel. We can see a Bearish Flag pattern getting formed in BankNifty. Such patterns on larger time frame don't usually fail. BankNifty is currently trading near break down trendline of this pattern. Breakdown & sustaining below this trendline zone 51150 - 51000 will get this pattern activated & we can see big target towards downside.
Target on downside can be 47400
P.S. : My short position is already active from 51800
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Crude Oil 13th NovCrude Oil- It has a bearish structure.
It is tested the Supply zone ( 72.95 -74.77 ) and it's trying to take out the swing low now.
Lately it has been making a base so we'll wait for further momentum before taking any entry.
THIS IS MY PERSONAL ANALYSIS NOT A TIP
BANKNIFTY about to break it’s consolidation..?As we can see a strong downward move which was unidirectional and can be seen heading toward lower range of the consolidation. Any closing below the range could lead to big unidirectional move till 50000 which is both a psychological levels and important demand zone so plan your trades accordingly.
BANKNIFTY preparing itself for a big move As we can see BANKNIFTY had been in consolidation for quite some while now and hence the bigger the consolidation, the bigger is the expected move hence we may expect a huge unidirectional move after either of side if broken and sustained so plan your trades accordingly and keep watching keenly.
BERGER PAINT - FUTURE TRADING IDEA ON LONG SIDESymbol - BERGEPAINT
BERGEPAINT is currently trading at 491
I'm seeing a trading opportunity on buy side.
Buying BERGEPAINT Futures at 491
I will add more long position at 480, if comes.
Holding with SL of 470
Targets I'm expecting are 512 - 525 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BANKNIFTY still in consolidation phase, yet to decide.As we can see BANKNIFTY can still be seen in phase of consolidation after showing signs of REVERSAL but had been bearish as analysed in our previous post. further we can see an important demand zone and psychological level around 50000 hence we may see BANKNIFTY grading slowly towards 50000 levels before finally taking support for new change of trend so plan your Trades accordingly as market can remain bearish to sluggish in coming trading sessions.
Weak below 52500..!!?As we can see despite the strong movement in all other index including NIFTY and Sensex, BANKNIFTY remained sideways to negative throughout the day showing no strength despite looking good pattern wise. The pattern seems to viable only if BANKNIFTY breaks above 52500 until it can remain sideways to negative so plan your trades accordingly and can prepare for bearish trades till BANKNIFTY breaks above 52500.
Did BANKNIFTY just turned bullish!!?As we can see BANKNIFTY showed strong upmove in the second half which could be a potential reason due to upcoming US election. Nevertheless the bias seems to be changed to bullish as we can see more like a W pattern and a series of consolidation hence any break of consolidation could lead to big move either side so plan your trades accordingly and keep watching.
Looks like we are heading towards 50000 mark now! Following the weekly close of the candle which had been below the trendline, we can confirm that the trend has been technically changed now and hence next eminent support can be seen around 50000 mark which is both a psychological level and important demand zone hence plan your trades accordingly.
MUHURAT PICK! Available at 50 percent DISCOUNTOne of the best company enjoying monopoly in its sector which would further contribute to the growth of the country. Any price below 1300 is a great buy for a minimum of 3000-4000 in coming years, can be counted in value investment. Plan your trades accordingly and wait for the right time to enter. HAPPY DIWALI enjoy 🪔✨
We are still strong above 24500!!As we can see NIFTY showed negative closing but still closed above our support and trendline making it strong. Hence unless and until NIFTY closes below 24000, every dip can be bought for new ATH so plan your trades accordingly.
REVERSED exactly from our trendline!! What’s next..?As we can see despite strong downtrend and selling pressure, NIFTY managed to REVERSE strongly as we had been expecting based on the strong demand zone and trendline support hence as long as TRENDLINE in protected, every dip can be bought and we can expect more of strong uptrend if 24500 is broken and sustained above so plan your trades accordingly.
Turnaround stockIn this falling Market showing excellent 💪 strength and forming cup on monthly. Coming out of huge sell of may something happening in this sector or in this stock or only news base 🤔 but not look like only news is there structure of chart s good
