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Multiple Time Frame Analysis

rising wedge short in cumminsind :cumminsind : cmp 1680.95 trade setup : 1. sell in range 1680 to 1685 2. keeping 1732 as closing basis stop loss 3. targets : 1643 / 1604 / 1548 / 1519 / 1478 & below technical setup : 1. rising wedge pattern trade 2. stochastic RSI in monthly set up at 100 indicating highly over bought price zone 3. volume getting drying up at higher levels 4. real breakdown will happen when price breaks below trend line support. note : rising wedge pattern : pattern forms when both resistance and support trend lines moves in ascending pattern as sketched in charts . price pattern will deliver higher highs & higher lows . converge near apex point and trend to breakdown below trend line support to deliver faster downside targets . keep stop loss as mentioned in trade setup .
NSE:CUMMINSINDShort
by HARMONICSANAND
15
700++ points upmove from the retest..next stop..?As we can see BANKNIFTY reversed exactly from the retest of the trendline and rallied over 700++ points…we also analysed that despite BANKNIFTY couldn’t sustain itself above 41000 it has not yet gone in downtrend and we can still expect a bull move being at the retest and it did rallied as analysed now we can see BANKNIFTY heading towards its next psychological level of 42000 which could potentially act as a RESISTANCE for now so keep watching everyone
NSE:BANKNIFTY
by Wealthcam
Is BANKNIFTY retesting the trenline..?As we analysed in the previous analysis that BANKNIFTY is yet to decide the trendline and the bullrun will only be confirrmed if BANKNIFTY sustains itself above 41000 mark which is both an important resistance and a psychological level but we saw BANK failed to sustain above the psychological level and fell in last hours after being sideways, we can not yet expect BANKNIFTY to fall further as we might see BANKNIFTY taking support at the trendline before continuing its upmove which is the only hope for bulls as of now
NSE:BANKNIFTY
by Wealthcam
Next stop for BANKNIFTY..?As we can see BANKNIFTY is sustaining itself above 41000 mark which is both an important RESISTANCE and a Psychological level visible on chart! As of now no confirm breakout has been identified and we can still expect BANKNIFTY to continue its downtrend if couldn’t sustain itself above the trendline hence if BANKNIFTY manages to sustain itself above the given mark then we can see BANKNIFTY reaching 42000 mark which is its next important resistance and psychological level hence take trades accordingly as big move can be witnessed in coming trading sessions so keep watching everyone
NSE:BANKNIFTY
by Wealthcam
1
SMC 2 trades 7.5 RR and 3.75 RR1 trade buy : I was looking for an order block on the 1 hour timeframe, I found a buy position, I waited for choch or bos to do it, then I entered the trade, it happened as expected, then I waited for an order block in the demand itself on the 1 minute timeframe as seen in the picture. 2 trade sell: In basically the same principle, I found an order block on a 1-hour timeframe, I waited for bos or choch to do it, when the price returned to the demand, I looked for an order block on a 1-minute timeframe and entered the trade.
Education
by ElonMusk555
1
BANKNIFTY at MAKE or BREAK levelAs we analysed BANKNIFTY finally reached its important level as analysed after rallying over 1000++ points. Now we can see BANKNIFTY reaching its very important psychological level of 41000 level hence watching the trend overall we can see BANKNIFTY maintaining itself in a downtrend hence if BANKNIFTY sustained above given psychological level we can see a start of new rally which is uptrend on the other hand if fails to sustain above given level then we can see a strong sell off from this psychological level
NSE:BANKNIFTY
by Wealthcam
Banknifty Possible Trade For 3 April Banknifty Confirm Targets By Price Action Startegy Support Zones Frist Support Level For For Long Banknifty - 40350 - 40390 Second Support Level For Long Banknifty - 39700 - 39745 Third Support Level For Long Banknifty - 39272 - 39310 Resistance Zones First Resistance Level For Short Banknifty - 40660 - 407000 Second Resistance Level For Short Banknifty - 40920 - 40950 Third Resistance Level For Short Banknifty - 41170- 41200 Importent Signal for Banknifty Trading from Option Chain Data Analysis Max Pain As per Option Chain Analysis ( Banknifty Expiry Targets ) – 39900 PCR ratio as per Option Chain Analysis – 1.001( Bullish ) Major Support as Per Banknifty Open Interest Analysis – 41400 Major Resistance as Per Banknifty Open Interest Analysis – 40500
NSE:BANKNIFTY
by manojshinde27
Live Nifty Trading :-Maximizing Your Profits If you're looking for a potential short trade setup in Nifty, using price action analysis could be a useful approach. By analyzing the price movement on the charts, you can identify key levels and patterns that may indicate a potential trend reversal or pullback. One possible short trade setup could be to wait for a bearish candlestick pattern to form at a key resistance level. This could be a shooting star, a bearish engulfing pattern, or any other bearish candlestick pattern that you are familiar with. Once you have identified a potential setup, you can use appropriate risk management techniques, such as placing a stop loss above the resistance level, to limit your potential losses if the trade goes against you. Remember, trading always involves risk, and there is never a guarantee that a setup will work out as expected. It is important to always practice proper risk management and to only risk what you can afford to lose.
NSE:NIFTYShort
by TRADING-NASA