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Multiple Time Frame Analysis

GOLDEN OPPURTINITY FOR BITCON INVESTORS BIG BREAKOUT COMEINGGOLDEN OPPURTINITY FOR BITCON INVESTORS BIG BREAKOUT COMEING BITCON SHOWING A GOOD UP MOVE WITH BIG BREAKOUT SINARIO DUE TO THESE REASON A. its following a ACCENDING triangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this pattern neckline it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward D. rapid increaseing in volume shows that buyes are showing intrest to buy so it will be a life changeing oppurtinity for investors please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDLong
by tradergyan01
BANKNIFTY at MAKE or BREAK zone!! The Bank Nifty showed impressive resilience today, staging a strong recovery from key demand zones as anticipated. Closing around the crucial 51,000 level, which serves as both a psychological barrier and a former demand zone turned supply zone, sets the stage for an interesting session ahead. If the Bank Nifty opens flat tomorrow, the 51,000-51,100 range is likely to act as significant resistance. Traders should watch this zone carefully for potential reversal signals or breakout attempts. However, the BJP's victory in Haryana's state elections has injected fresh optimism into the markets [. This positive sentiment, coupled with a strong opening, could potentially fuel another uptrend in the Bank Nifty. The PSU banking stocks, in particular, may see continued momentum on the back of this political outcome. Investors should remain vigilant, as the interplay between technical levels and political developments could lead to increased volatility. Keep an eye on key support levels around 50,500 and resistance at 51,500 for potential trading opportunities.
NSE:BANKNIFTY
by Wealthcam
BANKNIFTY couldn’t sustain above 51000 levels! What’s next? The recent breach of the 51,000 psychological level and important demand zone in BANKNIFTY suggests a potential downward trend. Here are some key points to consider regarding the next support levels: 1. **Immediate Support Levels**: - **49,700**: This level is highlighted as a critical support zone by several analysts. A break below this level could intensify the prevailing weakness. - **49,650**: This is another significant support level, as it represents a previous swing low that the index defended in recent sessions. 2. **Key Resistance Levels**: - **50,900**: This level is identified as a strong resistance zone. If BANKNIFTY crosses and sustains above this level, it could witness buying, leading the index toward 51,250-51,500 levels. 3. **Market Sentiment**: - The current sentiment suggests that if BANKNIFTY breaks above 50,000, it could see sharp short covering towards 50,500/51,000 levels. - The undertone remains bullish, and traders are advised to adopt a buy-on-dip approach with support at 49,000. 4. **Option Chain Analysis**: - The highest open interest is built up on the call side at 50,000, indicating that call writers are defending this level. Given these points, the next important support level after breaching 51,000 is indeed around 49,700, which aligns with previous swing lows and is a critical demand zone. The index's behavior around these levels will be crucial in determining its short-term direction.
NSE:BANKNIFTY
by Wealthcam
Strong REJECTION from our trendline!! What’s next?As we can see BANKNIFTY resisted exactly from our given trendline and closed below our trendline in weekly timeframe. We had a negative bias all the way through and waited for candle to close and we did see a negative pinbar candlestick confirming the downtrend. Now following the trend we can expect BANKNIFTY to fall more till it takes support around the next important trendline SUPPORT as seen in the chart so plan your trades accordingly.
NSE:BANKNIFTY
by Wealthcam