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Multiple Time Frame Analysis

Bitcoin consolidating after a drop.Bitcoin for last 10 day is being consolidating after a nice fall of 10%. The coin is consolidating in a range of 1% and there can be a nice move one it breaks the consolidation zone. On the weekly charts, it is taking support from the 200 ema i.e. 25670 and has retested after testing the levels. Even on the daily charts, there is also a bearish moving averages cross over and its trading below it. There might be a retest as there is a huge imbalance created. For the intraday trades. The coin is trading around the 20 ema, on the hourly charts, and below the 200 ema. The volumes are high when there is a fall and a reduction in the up move. There is volatility which no giving a clear view in this range. Let the coin give break out or break down of the levels and trades should be initiated accordingly. Support :- 25860, 25670 Resistance :- 26185, 26500 Wait for the price action near the levels before entering a trade.
BITSTAMP:BTCUSD
by TheMamboMomentum
Banknifty daily analysis for 30/08/23.Banknifty is constantly struggling to clear the 20 ema and today also after a gap up opening it has closed near to the moving average. The market is not going in a flow and is creating volatility. Option seller are making profits while option buyer are not getting much opportunity. On the hourly charts, it has closed between both the moving averages and has taking support from 20 ema. Trades will be there once the trend is decided in the markets. On 15 minutes chart, market has closed between both the moving averages and is close to the 20 ema. There are sellers around 44600 levels which pushing market down. Banknifty is still holding the levels of 44500 and has closed flat. Support :- 44480, 44350, 44180 Resistance :- 44580, 44700 Support and resistance are nearby that will not give a good R:R ratio for option buyers. Trades should be initiated once the market clear the range of 44350-44700. In between there will be a volatile market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
NIFTY ready for SHARP RECOVERY from here..?As we can see NIFTY had been falling unidirectionally and had been in downtrend since last few month now. Now NIFTY can be see trading at an important support or demand zone being a gap which is further backed up by positive RSI divergence hence if NIFTY opens weak to flat within the given range then we can expect a strong recovery in NIFTY in first half which if sustained could lead to a new start of new trend so plan your trades accordingly
NSE:NIFTY
by Wealthcam
NIFTY back in range after trap..!As we can see NIFTY despite showing strong up move after a strong opening, it failed to retain its strength and fell unidirectionally in the second half leading to getting back in range we made hence we might see more of negativity coming up in NIFTY as despite great achievement and strong technicals it failed the structure showing upcoming selling that might occur hence the view stands negative to sideways for coming trading session till it is inside the range so plan your trades accordingly
NSE:NIFTY
by Wealthcam
NIFTY getting ready to launch towards MOON..?As we can see NIFTY remained sideways throughout the day despite BANKNIFTY rallying unidirectionally but NIFTY remained inside the range we mentioned but it looks like the consolidation is about to be broken anytime sooner as we can see NIFTY has formed more like an inverted head and shoulders pattern in smaller time frame hence any closing above todays high or given level mentioned in the chart, we may see a strong upmove coming up anytime sooner which could be unidirectional hence we must be prepared for the move as and when the level is breached and sustained above
NSE:NIFTY
by Wealthcam
SJS Enterprises - Channel Broken - Trend ReversalSjs Enterprises is a fundamentally strong stock. Promoter increased the stake in Q1. Debtor days reduced from 80 to 68. Excellent OPM Ace investor Ashish Kacholia has sold 0.6% of his stake which is 11.5Cr of shares in sjs on Aug 18, which leads to speculate whether the stock has exceeded overhyped valuations. Also Working capital increased to 233 days from 128 days which was the only downside. Stock closed at the end of the channel on Friday leaving indecision. Today, Parallel channel broken on both Daily and Weekly timeframe. Disclosure: Exited the stock
NSE:SJSShort
by naraykln
NIFTY AT MAKE OR BREAK LEVEL NOWAs we can see NIFTY has been falling unidirectionally since July and now it can be seen taking support at the gap created but the support has been tested previously hence any weak opening for NIFTY could be concerning as since the UPTREND shown by NIFTY had been unidirectional so could be the fall which could be panic driven while taking support at the gaps. Further we can expect NIFTY to reverse from here if opens flat as it has shown substantial healthy retracement so plan your trades accordingly
NSE:NIFTY
by Wealthcam
NIFTY getting very weak below this level As we can see NIFTY fell unidirectionally after showing a small up move in the first half as we analysed that unless NIFTY breaches 19500 level, it remains negative. Now we can see NIFTY has formed more like a head and shoulders pattern in smaller time frame and following the global cues we may expect a negative opening of NIFTY but if it opens flat and breaches 19300 level we may expect a great directional fall but if it opens with huge gap down then we may see NIFTY hitting demand zones present with gaps creating noise in the market so plan your trades accordingly
NSE:NIFTY
by Wealthcam
BANKNIFTY trading at very important support now As we can see similar to NIFTY, BANKNIFTY can also be seen falling unidirectionally and had been in downtrend making proper lower lows and watching it in a bigger time frame we can see it has formed more like a head and shoulders pattern and now it can be seen trading in a demand zone and an important psychological level of 44200 which is also a neckline of the supposed pattern hence any signs of rejection around this level should be a good buy so plan your trades accordingly
NSE:BANKNIFTY
by Wealthcam
Short NTPC Below 213Short NTPC Below 213. If you see the price taking rejection near 214 level line as shown in the chart then can enter in trade with SL of 214 and target of 210.5(near 20 EMA on Daily TF). Reason for trade, RSI is week. Stock price has broken down the consolidation zone and trading at days low. Weekly candle is big inside candle with no signs of buyers from lower levels(Weekly candle low is 212.65 and close is 213). Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade. If you think this idea is use full please like and share and follow Thank you for reading my idea
NSE:NTPCShort
by VikasRanjane
KPI GREEN ENERGY Ltd. LONG~Multiple Time Frame Analysis~ □ On 1W Time Frame. • Rising wedge pattern Breakout Can be observed, Which indicates Stock is bullish in nature. ( Orange dotted line on the chart represents Resistance and support line From weekly Time Frame) □On 1D Time Frame. • Formation of Bullish Flag pattern can be observed, Which on Breakout will indicate Continuation of the uptrend. ■TO INITIATE A TRADE ● Wait for the Bullish flag pattern Breakout. ● SL can be maintained below the Breakout candle or at the base of the flag. ● Target = Pole of the Flag. *This is not a call, For educational purpose only.
NSE:KPIGREENLong
by Knox1411
Best the heat with Voltas Voltas Ltd. engages in the provision of engineering solutions. After a consolidation of 6 months, it has given breakout of weekly and daily timeframe trendlines with good volume. It has tested it's nearest supply and formed indecision candles. On weekly timeframe the running candle is healthy and if tomorrow price sustain at same or higher levels, it will confirm the beginning of it's upside journey. Agressive traders can buy at CMP or near 790 and safe traders can wait tomorrow for weekly candle closing and can buy on Monday if weekly candle is healthy. SL will be swing low. Follow your risk management. Happy trading :)
NSE:VOLTASLong
by ProPriceActionTrading
2
BANKNIFTY still maintaining itself in a range.. yet to break!As we can see despite the trend line breakout BANKNIFTY didn't move much as it got rejected at the psychological level of 45000 as we analysed in our previous analysis and maintained itself in a range throughout the day. Now we can see BANKNIFTY maintaining itself in a range of 44750-45100 levels. The break of 45100 could potentially show a unidirectional move filling the gap till 45600 showing a 400-500 points unidirectional move so plan your trades accordingly
NSE:BANKNIFTY
by Wealthcam
FinNifty weekly expiry on 08/08/23.Finnifty on the daily charts has formed a dojo after a gap up opening and has closed below the 20 ema. DJI has given a bullish candle closing 400 points higher which gives a bullish move prediction in Indian markets too. On the hourly charts market has consolidated in a range of 100 points, closing between both the moving averages. Consolidation in done and breakout can give nice target. There is a bullish diverge in RSI indicator too. Even on 15 minute charts, it has closed between both the moving averages. Support :- 19970, 19870 Resistance :- 20050-90, 20210 The market has consolidated and bullish trades can be initiated once 20090 levels are crossed. Watch option premium as there will be time decay due to weekly expiry in FinNifty. Wait for the price action near the levels before entering the markets.
NSE:CNXFINANCE
by TheMamboMomentum