𝑾𝑯𝑬𝑬𝑳𝑺𝗕𝗿𝗲𝗮𝗸𝗼𝘂𝘁 𝘀𝘁𝗼𝗰𝗸𝘀 𝘁𝗼 𝘄𝗮𝘁𝗰𝗵 𝗻𝗲𝘅𝘁 𝘄𝗲𝗲𝗸
⬇️
𝟰. 𝑾𝑯𝑬𝑬𝑳𝑺
Trendline breakout and retest on weekly timeframe
Multiple Time Frame Analysis
BITCOIN SETUP TRADE WIH 1:4 RISK REWARDBITCOIN SETUP TRADE WIH 1:4 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:4 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Happiest mind weekly chart Looks like breakout above the trendline and price breakout. Maintain strict stoploss below the weekly candle low.
NIFTY looks ready to move As we can see NIFTY had been following the structure since last week now and has been more like sideways ever since. Finally after a series of channelised consolidation, we can expect a break anytime sooner in NIFTY with directional move so we can make any new position on either side break so plan your trades accordingly.
GOLD SETUP TRADE WIH 1:6 RISK REWARDGOLD SETUP TRADE WIH 1:6 RISK REWARD
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:4 RISK REWARDBITCOIN SETUP TRADE WIH 1:4 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:4 RISK REWARD
A good Buying detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
NIFTY maintaining itself in a tight channel..!As we can despite the strength NIFTY is maintaining itself in a tight channel which could be very crucial deciding its upcoming trend. Any closing above or below the structure could lead to strong movement so plan your trades accordingly.
BUYING pressure can be seen As we can see NIFTY has shown strong buying pressure forming an inverted hammer and hence as long as NIFTY maintains itself above 23500, every dip is a buying opportunity so plan your trades accordingly.
Nifty Expectation for Tuesday, June 18th 2024Nifty Analysis:
Previous OI PCR: 1.3
General Trend:
Nifty has spent 5 months near the middle of the channel on the monthly chart and is now looking to break out.
On the daily chart, since June 10, Nifty has been trading within a narrow 300-point range.
From June 5th to 14th, no candle on the daily chart has closed below the previous day’s low.
Over the past 4 days, the daily chart shows buyers gradually pushing the close higher each day. Despite this, Nifty hasn't managed a strong breakout.
All these indicate that while bulls remain active, they are hesitant. A strong breakout above 23,500 is needed to push Nifty toward the upper trendline of the channel.
Ichimoku Cloud:
On the Nifty hourly chart, Nifty is hovering around TS @ 23,410, with KS support around 23,360.
As per Ichimoku Nifty is bullish in Monthly, weekly and daily time frames. Neutral in hourly TF.
Key Levels for Nifty:
Resistance: 23,480 (+/- 20 points)
Support: 23,350 (+/- 20 points)
Entry and Exit Points:
Breakout with Momentum: Above 23,500 may lead to short covering by call writers @ 23,500, pushing Nifty towards 23,600 to 23,650.
Breakdown Below Support: Below 23,350 can push Nifty down to 23,300, 23,200, and then to
22,050.
Red Flags:
Although Nifty is positive on the weekly, daily, and hourly charts, it has moved above the upper Bollinger Band on the weekly chart, suggesting a likely reversal due to profit-taking. This is supported by bearish divergence on the MACD and RSI. However, the trend will only turn bearish if the weekly candle closes below the previous week's low.
With VIX falling below 13, option buyers should be careful as the momentum needed to push prices up may be missing.
Protect any future gains resulting from the upmove and stay cautious.
Disclaimer : We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NIFTY ready to rally above 23500..?As we can see NIFTY after much consolidation has formed more like flag-pole pattern in bigger TF which is also a bullish continuation pattern. Any closing above given level could lead to unidirectional upmove so plan your trades accordingly
NIFTY SELL TRADE There are chances that nifty can give the great sell trade
*Reasons for trade
1) price over buyed
2) There is rsi divergence on 1 hr timeframe
3) moving inside a channel pattern
4) price is going up but volume is contiously decresing
# make sure you set your own stoposs
#one can take trade ones market start breaking download
*Discaimler*
"Dont trade just on my idea do your own anaylis then decide you wanna take or not dont just
trust blindy"
# BEST OF LUCK #
RBA FOR SWINGTRADE My View On This Script Bullish.
This Stock given Strong Breakout With Good Volume.
ENTRY :111.20
Target 1:120.50
Target 2:132.00
Stoploss:104.50
Sector : HOSPITALITY
Industry : RESTAURANTS
Category : NIFTYSMALLCAP
NIFTY yet to decide the trend! As we can see despite various attempts and strong openings, NIFTY ends up closing in red facing resistance from the structure hence we can expect NIFTY being sideways to negative till it is below the structure. On the other hand, we can see NIFTY forming more like flag-pole pattern which is a trend continuation pattern hence we may expect a strong unidirectional upmove if structure is broken above and sustained so plan your trades accordingly.
DIVIS LAB LOOKING GOOOOD !!Divis lab chart showing perfect reversal signs. Looking good to hold for Mid to Long term.
Please comment your insights on my simple analysis.
Disclaimer: This is not a recommendation to buy. Do your own research. It is your hard earned money.
CONSOLIDATION in the form of REJECTION..?As we can see NIFTY has been getting rejection from the structure since last few days now but hasn’t broken any lows as such of the consolidation hence as long as NIFTY maintains below the structure, we can expect sideways to negative market unless it breaks either side for a unidirectional move so plan your trades accordingly.
NIFTY from a different perspectiveNifty is moving in a curve and taking supports at the bottom multiple times. currently consolidating in a range.
Also Nifty has tried moving out of the consolidation range but there is no significant movement as of now. if this pattern breaks then there can be some pain.
JSWSTEEL - Not a good buy at current levels!The stock is trading around the upper channel. The space on the upside looking limited and RR is not favourable at the current levels.
Weekly TF view:
Price Observations:
1. Even after breakout & restest of major 800 previous ATH levels the moves is slow and choppy.
2. Volumes are dry.
3. Buyers are weak.
Now, possible 2 Scenarios here:
1. WAIT FOR THE BREAKOUT OF THE CHANNEL AND ENTER WITH CONFIRMATION WITH SMALL SL.
2. WAIT FOR A RETTRECEMENT TO ENTER AT SUPPORT LEVELS.
- I WOULD WAIT FOR THE LATER CASE SINCE I'M NOT A TYPICAL BREAKOUT TRADER!
- Stay updated for further insights and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
NIFTY taking halt before the big move As we can see NIFTY can be seen taking a halt as we had analysed in our 2 days back post that the market tends to take a halt when a big move is made to confirm the further continuation of upmove or correction. Hence we can expect NIFTY to remain sideways before finally moving big. Any closing above the structure could result in massive strong trend so plan your trades accordingly.
REJECTION Started..?We can again see the pressure from higher levels as we had been analysing in our last posts that it is trading at MAKE or BREAK level. Hence as long as the NIFTY doesn’t the break the structure, it is likely to remain sideways to negative unless a strong breakout that could lead to another new ATH so plan your trades accordingly guys.
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.
NIFTY might take a halt for now.As we can see NIFTY has recovered almost 75 percent in just couple of days but this big mother candle can’t be broken in single shot and next direction will be defined only if either side is broken of the mother candle hence we may expect some sideways to negative market before finally breaking either side of the mother candle for deciding further upcoming move so plan your trades accordingly.
Will the CINDRELLA run continue..?As we can see NIFTY managed to recover despite NDA’s weak winning which shows WIN itself is a major determinant of how economy and market would perform hence as long as NDA government is in power, market is expected to remain stable with bullish outlook.
Now NIFTY can be also seen closing inside the structure and hence can be expected a full short covering in few trading sessions so plan your trades accordingly.
TRAPPED everyone exactly as analysed.As we can see NIFTY trapped everyone as analysed in our last analaysis. Now the index has gotten weak despite the win of NDA but if NIFTY manages to open inside the structure then we may see some bullishness else it could be more like sideways market today so plan your trades accordingly guys
