GBPNZD Buy [Weekly Swing]Confluences marked on the chart. Potential +3R trade. Hold time till end of the week.
Multiple Time Frame Analysis
NIFTY heading towards 22000 now..?As we can see NIFTY opened and had been weak throughout the day as analysed in our previous post and managed to sustain itself below the middle quadrant of the channel hence we can expect another fall till 22000 which is its next upcoming DEMANND ZONE and PSYCHOLOGICAL LEVEL hence till NIFTY maintains itself in the base quadrant, we can expect NIFTY to remain weak so plan your trades accordingly.
📈 Petronet LNG - Multi-Year Breakout Alert! 🚀🔍 Setup : Multi-year breakout setup
📊 Analysis: Bullish trade! 🐃 Significant volumes detected, with a supportive sector. Key levels from October 2017 and September 2019 have been breached, and the price is sustaining well above them. 📈
Share your thoughts! Like and comment below! 💬 Let's capitalize on this breakout opportunity together! 🌟
#PETRONET #BullishTrade #MultiYearBreakoutSetup
NIFTY just got weak! As we can see NIFTY started to get rejected exactly from our given trendline as analysed in our previous post. Now we can see NIFTY heading towards 22400 which is also a psychological level but if NIFTY opens even weaker then we can see NIFTY heading towards 22000 being final support so plan your trades accordingly.
NIFTY ready to get rejected As we can see NIFTY is heading towards important trendline resistance which has been followed since last few months now. But as long as NIFTY doesn’t closes and sustains above the given trendline, we are bearish and we can expect NIFTY to show another retracement making another shoulders for completion of inverted head and shoulders pattern for another LIFE TIME HIGH so plan your trades accordingly
Chances to fall NIFTY to 22000NSE:NIFTY
NSE:BANKNIFTY
NSE:CNXFINANCE
NSEIX:NIFTY1!
High probbaility to fall 800 points to 22000NIFTY
NIFTY 22000
BANK 46200
FINANCE 20700
NZDCAD - Swing Trade on Buy SideSymbol - NZDCAD
NZDCAD is currently trading at 0.80920
I'm seeing a trading opportunity on buy side.
Buying NZDCAD pair at CMP 0.80920
I will be adding more if 0.80200 comes & will hold with SL of 0.79000 - 0.79200
Targets I'm expecting are 0.82500 - 0.82800 & beyond.
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!
USDJPY Buys [Daily Swing + Fundamentals] USD is fundamentally bullish given strong NFP (<250k), JPY is bearish given the recent IR Hike. No fundamental divergence to be seen. Possible MTR observed on the 4H. Entry on a pullback to the Daily Key Price Area, SL before the lowest swing of the pullback.
MATTER or CONCERN..?As we can see NIFTY is now trading at higher level of channel and we also saw signs of weakness around that. Hence further unless NIFTY manages to break this channel and sustain itself above, we may see NIFTY being weak to sideways in coming trading sessions so plan your trades accordingly.
ORDI will break out of consolidation ORDI has been in this range for a while now. It's a big range and consolidation was much needed after a huge rally.
Now, Ordi has testing 70.5 to turn into support. Invalidation for this trade is a daily close below 58
A move to 150 is in the books in the coming months.
Not financial advice. Just sharing my thought.
MCX BULLDEX HEADING FOR A CORRECTION ?MCXBULLDEX is currently trading at 17350 which is a long term resistance zone (17300-17700) for it.
I'm expecting a profit booking in MCXBULLDEX from these level.
I'm creating short positions at CMP 17350 & will be adding more short positions if 17650-17700 comes & Hold with 18000 as SL.
I'm expecting minimum 1000 point fall from here & expecting 16400-16200 levels soon.
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!
Another new ATH for NIFTY but will it sustain..?As we can see NIFTY made another ATH back to back after breaking out of an inverted head and shoulder pattern, we also saw a new ATH for BANKNIFTY as analysed in our previous post. Now BANKNIFTY has formed more like an indecision cancel and NIFTY closed at important zone followed by a rising wedge pattern which is also a bearish pattern hence any break of the pattern below could lead to a big fall or rise of a new trend so plan your trades accordingly.
ATH for BANKNIFTY! As we can see BANKNIFTY is just couple points away from its ATH mark as we had been analysis since last posts. Now any strong opening will bring up new ATH for BANKNIFTY. Now the question arises whether BANKNIFTY can hold its level or not! If YES which has majority changes as the election is coming and the most obvious news is yet to be factored in, then we can see 50000++ in coming few weeks too so plan your trades accordingly
long indusind stock broke out an THF supply now forming a good base at supply a clear up side move might happen. can enter it might give an 1:3 return. not an financial advice just an chart analysis
This stock has potential strength to go up.This is stock showing very strong performance, quarterly performance also keeps going Evitda also working well quarterly by quarterly, no doubt there is stock can be multi bigger like Zomato from this stage.
BANKNIFTY is coming towards new ATHAs we can see BANKNIFTY show brilliant move despite opening strong. Now it can be seen getting rejected around 48000-48100 levels which is also a psychological level hence if BANKNIFTY manages to sustain itself above 48100 level then we may see 50000++ so plan your trades accordingly.
Short opportunity in JTLINDPrice retraced 61.8% (i.e. 215 INR) from it's current low. On a montly basis stock down -17.46%; and on weekly basis it is up 9.71%. Today stock down 2.47%
There is a opportunity to short this stock on the basis of price action.
EURNZD SHOWING A GOOD FALL IN 1DAY CHATHere you can see that EURNZD BREAKED the stuck zone
Plus the the trendline also
Plus the strong support
If you are a long-term seller
You can grab it with a good amount without any risk stay tention free because it's a SURESHOOT
There are 3 confirmation
1. Stock zone
2. Trendline
3. Support
There are a huge possibility it will fall a lot
Just grab it
It's Rarely trade found in currency
Grab it
Follows for more
BANKNIFTY preparing to move BIG!!!As we can see NIFTY has already achieved its ATH couple of times but BANKNIFTY has not yet reached its ATH. Now BANKNIFTY can be seen forming more like an inverted head and shoulders pattern in bigger time frame and signs of accumulation in smaller time frame showing immense strength of BANKNIFTY hence now if BANKNIFTY breaches its trendline resistance which has been tested multiple times now can actually lead to new ALL TIME HIGH for BANKNIFTY so plan your trades accordingly.
NIFTY might consolidate before finally MOVING BIG!! As we can see NIFTY remained sideways to negative as analysed in our previous post as 22500 was not broken hence NIFTY can remain directioness and can accumulate for some time before finally moving big showing unidirectional move 22500 so plan your trades accordingly.
Can NIFTY continue its cinderella run..?AS we can see despite a strong recovery in both midcap and banknifty, NIFTY remained more like sideways to negative throughout the day despite its strong opening as analysed in our previous post that it has reached its important supply zone which is also a psychological level of 22500 hence unless NIFTY breaches and sustains itself above this level, we can expect NIFTY to remain sideways to negative unless it breaks out and shows unidirectional move so plan your trades accordingly.
NIFTY got rejected exactly from the trendline!As we can see NIFTY rallied over 300++ points after the breakout of inverted head and shoulders pattern and got rejected exactly from our trendline now until the trendline is breached above we are bearish and expected to remain sideways to negative so plan your trades accordingly.
REVERSAL IN AVENUE SUPERMARTSAvenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300 . The idea will be invalid below 4000 . The targets are crystal clear according to price action. Hourly timeframe should be followed for a good entry with a minimum risk for a greater reward.
