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Multiple Time Frame Analysis

NIFTY back to MAKE or BREAK level..! As we can see NIFTY has almost recovered the panic which was created due to uncertainty of non performance of NDA government but the trust has been regained after gaining majority. It doesn’t matter if it is done by coalition or alone, NDA will be ruling BHARAT for next 5 years which itself should be a positive news. Now that our PM MODI has finally taken oath, we may see new fresh high in NIFTY but also should be cautious as it is a zone of TRAPS. If closes above the given structure, we can expect NIFTY to continue the rally else new fresh correction can be witnessed so plan your trades accordingly.
NSE:NIFTY
by Wealthcam
A possible TRAP coming up like previous one..?As we can see NIFTY rallied and opened very strong as analysed in our previous post. Also it got rejected from our exact TRENDLINE resistance. Since this rally is more like influenced by the ongoing election results and not from fundamental improvement hence it is expected to last short. We can expect another upmove which could be a possible trap which NIFTY created previously above the structure. Hence we must trade cautiously in coming days.
NSE:NIFTY
by Wealthcam
JASMY: Potential Bullish Move Pending Confirmation!☕️💎 Paradisers, #JASMY could present a bullish move if the price ascends from its current position and breaks out above the resistive trendline and resistance zone, enhancing the likelihood of a bullish trajectory. 💎 In the event of a pullback, we can anticipate a bounce from the demand zone, but caution is advised here. Ensure you wait for confirmation within this zone before making any moves. 💎 However, if the price breaks down below the demand zone, it will invalidate all the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
💥 VELOUSDT Momentum Build: Bullish Signs at HTF Demand!💎 Paradisers, #VELOUSDT has bounced from the Higher Time Frame (HTF) demand level, accompanied by a Fair Value Gap (FVG) candle and also shown Change of Character (CHoCH) towards a bullish market structure, increasing the likelihood of a bullish move. 💎 #VELO has also broken out of the falling wedge and shown bullish divergence on the MACD. If the price directly breaks the resistance level from here, it could present an opportunity to capitalize on the bullish move. 💎 If the price shows a pullback, the HTF demand may provide a bounce again, but it would be prudent to wait for bullish confirmation in both scenarios. 💎 However, if there is a breakdown of the HTF demand, it will invalidate our entire bullish setup. In this case, it would be better to wait for more favorable price action to develop.
Long
by MyCryptoParadise_Nathan