CRUDE - ALL TIME FRAMES BULLISH AFTER DOUBLE BOTTOMAS Shown in previous chart W is pattern is tested today and was successful.
Enjoy bullishness
Multiple Time Frame Analysis
Weak OPENING an opportunity for tomorrow!?As we can see BANKNIFTY broke below and following the global cues, we can expect bearishness in coming days but we can an eminent support hence if managed to take support then we may see some sharp recovery in the Market but the trend has changes and would continue to be bearish but can show short term bullishness so plan your trades accordingly.
Wipro Buy Idea: Trend Line Breakout on 1-Hour Timeframe Wipro has broken a key trend line on the 1-hour chart, signaling a potential trend reversal. Consider buying around ₹295 after confirmation of a reversal on lower timeframes (e.g., 15-minute chart). The target is set at ₹310, with a suitable stop-loss below ₹290 to manage risk. [/
Bitcoin Analysis: Shakeout or Rally? Let's Read The Chart!The Crypto market is buzzing with speculations right now! Some believe that the recent fall in Bitcoin was nothing more than a shakeout, and a massive rally is just around the corner. Meanwhile, there’s news floating around that the federal government has sold a huge chunk of BTC and plans to sell even more.
But here’s the thing: financial markets don’t run on speculations, and news usually hits the market after the action is already done. So, let’s forget the noise and get straight to the business of reading what the chart is telling us.
Before we dive into the analysis, ask yourself this: What kind of trader are you? When you invested in the market, did you have a plan? Was it a short-term play (swing trade) or a long-term investment?
For Long-Term Investors
If you’re a long-term investor, there’s no need to worry. The trend for Bitcoin is still bullish on the daily time frame. What we’re seeing now is just a corrective move, and this is how price behaves—it moves in waves. Every dip is an opportunity.
The next key buying zone for long-term investors lies between 70500 - 74000, a level that hasn’t been tested since the breakout on 6th Nov 2024. So, be patient and let the price come to you.
For Short-Term Investors
If you’re a short-term investor, this analysis is specifically for you.
Currently, Bitcoin’s price has been moving consistently upward over the last few hours. It has even broken out of the last lower high. However, let’s not get carried away just yet.
There are multiple resistance zones above, and it won’t be an easy ride for the buyers. These zones offer an opportunity for sellers who missed the chance to short from the top.
The real turning point for buyers will be the 0.618 Fibonacci level. Once this level breaks and the price sustains above it, we might see buyers gaining confidence to push the price higher.
Also, don’t forget to check out my detailed analysis of the Ethereum chart.
Banknifty Fibonacci Time zones Analysis📊 Fibonacci Time Zones: A Gateway to Market Timing 🕰️
The Fibonacci Time Zone Tool is a unique and powerful feature in TradingView, based on the mathematical sequence introduced by Leonardo Fibonacci, a 13th-century Italian mathematician. Widely used in financial markets, this tool helps traders identify potential time-based turning points.
🔑 How It Works:
By plotting three key points—two highs and one low (or vice versa)—this tool extends Fibonacci ratios (0, 0.618, 1, 1.618, etc.) as vertical lines on the chart. These lines represent potential time cycles where significant market events or reversals could occur.
✨ Historical Context:
The Fibonacci sequence gained prominence in trading thanks to Ralph Nelson Elliott, who incorporated it into his Elliott Wave Theory. His work highlighted the importance of natural cycles and ratios in financial markets.
📖 Recommended Reading: "Elliott Wave Principle: Key to Market Behavior" by Frost and Prechter explores this concept in depth.
📈 This Week's Market Observation:
Plotted on the Fib Time Zone Tool using:
March 2020 Low
October 2021 High
June 2022 Low
This week marks the 1.618 Fibonacci Extension—the Golden Ratio, often associated with significant turning points.
🚦 Key Levels to Watch:
1️⃣ Above 49,798 (the high from 2 days ago): Signals a potential reversal to the upside.
2️⃣ Invalidation Level: Low of January 10, 2025.
Doesn't this look like a GUN :D
⚡ Why This Matters:
The confluence of Fibonacci time zones and price levels could indicate a pivotal moment for the index. Stay alert for a breakout or reversal as the market reacts to this significant golden ratio!
🌐 Pro Tip: Combine the Fib Time Zone tool with other indicators like volume and candlestick patterns to confirm market behavior around these time zones.
📥 Share your thoughts or let us know if you’re using this tool in your analysis!
Time to get CAUTIOUS !!BANKNIFTY can be seen closing below 50000 mark which had been an important support and psychological level, also the major trend line as well demand zone has been broken with formation like inverted head and shoulders structure hence FRIDAY could really be an important day to decide further rally. If managed to close above 50000 then we may see some respite and recover else major selling is expected of more than 3000++ points in coming trading sessions so plan your trades accordingly.
AMD Effect on the BankniftyThe chart clearly reflects how the big players have done stop loss hunting where most retail traders and investors have their stop losses below a consolidation. It is clearly seen that the big players induced false buying and dragged the prices all the way down first triggering all stop losses and now gearing up the market to take it up in the intended direction.
BANKNIFTY at MAKE or BREAK level !! As we can see BANKNIFTY tried to break but couldn’t sustain below the demand zone and managed to close above the demand zone which shows chances of recovery in market but in any case breaks below and sustain then another sharp unidirectional rally can be seen in BANKNIFTY of more than 2000++ points in few trading sessions so plan your trades accordingly and keep watching.
Another directional RALLY coming up..?As we can see BANKNIFTY did respect its strong demand zone but remained flay throughout the day after opening strong. But following the bigger tf we can see BANKNIFTY trading at very crucial demand zone which has become weak now. Hence any closing and sustainment below the demand zone can lead to unidirectional 2000++ downfall as it would not only break the demand zone but also break the psychological level of 50000 so plan your trades accordingly and keep watching.
SOl/Usdt Buy .........When price reach Entry ponit shift in lower time trafame and after coch you can buy
The much tested TRENDLINE is broken What’s next? As we can see BANKNIFTY fell unidirectionally as expected in our previous post as the trendline was tested multiple times making it weaker hence any sustainment below the trendline would lead to a good fall was our plan and it did happen. Now it can be seen closing at important demand zone but can also be seen in more like head and shoulders pattern in bigger time frame hence once again if breaks below then we may see a strong downfall in coming trading sessions so plan your trades accordingly.
DATAMATICS - Breakout TradingView : Bullish
Entry Zone- 700- 650
Exit - 760 above
Stoploss : Close below 630
Risk/Reward Ratio: 1:1
Timeframe: Daily and Weekly
Notes: The trendline has broken out of the triangle, and the price is now above the narrow monthly CPR. The price has been consolidating since May 2023.
* This is not a trading recommendation, for educational purposes only
Directional RALLY coming soon..?As we can see BANKNIFTY again got rejected from our zone and fell sharply but despite the weakness it managed to close above the trendline hence giving no clear stance of its upcoming direction. We can see the trendline got weaker which has been tested multiple time which could result in steep downfall If managed to close below the trendline but can also reverse if managed to sustain itself above the trendline so plan your trades accordingly and PATIENTLY.
SMC reversal area CRT RangeD tf and 4 TF FVG filled and rejection tapped by previous candle , looking for weekly profile on monday with range break and trend continue .... toward next liqiudty point
UP by 1000++ points and counting!As we can BANKNIFTY has rallied over 1000++ points from our given trendline support wherein I told you guys that fresh long positions can be made keeping SL on closing basis below the trendline. Now we can expect BANKNIFTY to continue it’s bull run till 52300++ levels in coming days so plan your trades accordingly.
SIGNS of REVERSAL..?As we can see BANKNIFTY despite opening weak, managed to close strong taking support from our trend line SUPPORT hence as long as it maintains itself above our trendline, every dip can be bought with keeping SL below the trendline closing basis. so plan your trades accordingly.
Can this NEW year bring NEW TREND..?As we can see BANKNIFTY did showed some strength after taking support from the Trendline but still seems week hence till BANKNIFTY doesn’t breaches today’s low we can make new long POSITIONS keeping small SL POSITIONALLY hence keep watching everyone as any break below today’s low could lead to sharp downfall so plan your trades accordingly.
SUPPORT is getting weaker!!As we can see BANKNIFTY is trading around it’s important trend line support which has already been tested multiple time before making it weaker hence any closing below the trend line could lead to sharp fall in BANKNIFTY but if couldn’t sustain below the trend line could result in sharp recovery so plan your trades accordingly and keep watching.
NIFTY50 - REVERSAL SWING TRADE ON LONG SIDESymbol - NIFTY50
NIFTY is currently trading at 23585
I'm seeing a trading opportunity on buy side.
Buying NIFTY Futures at 23585
I will add more long position at 23435, if comes.
Holding with SL of 23275
Targets I'm expecting are 24080 - 24210 - 24400
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!
SLUGGISHNESS continues..As we can BANKNIFTY has been maintaining itself in a range and despite it’s strong opening, the selling pressure overpowers the buyer leading to weak closing hence we can expect BANKNIFTY to show some more signs of bearishness in coming days until the holidays are over then we can expect some volumes which could show clear upcoming direction so plan your trades accordingly.
BANKNIFTY showing indecision As we can see BANKNIFTY has failed to break either side giving no clear direction and can be seen consolidating and likely to remain the same hence unless BANKNIFTY breaks either side we can see BANKNIFTY to remain sideways so plan your trades accordingly.
CSB Bank Stock: Gaining Momentum!The CSB Bank stock chart is displaying notable strength, with positive technical indicators signaling potential upward momentum. Traders and investors, this might be the right moment to keep a close watch! 📈
Whether you're in for short-term gains or long-term growth, it's worth analyzing the trend closely. Share your thoughts or trading strategies related to CSB Bank in the comments below! 💬
#StockMarket #CSBBank #InvestSmart #TradingOpportunities
No CLEAR DIRECTION As we can see BANKNIFTY had been sluggish since quite some time now and expected to remain the same. Following the global index, it can open strong but likely to stay sluggish throughout the day until it breaks either side of the mother candle for directional rally so plan your trades accordingly and keep watching.
