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Multiple Time Frame Analysis

BEARISH FLAG IN BANK NIFTY - TIME FOR A SHORT TRADE ?Symbol - BANKNIFTY CMP 51350 BankNifty has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame & It was trading in a bearish channel. We can see a Bearish Flag pattern getting formed in BankNifty. Such patterns on larger time frame don't usually fail. BankNifty is currently trading near break down trendline of this pattern. Breakdown & sustaining below this trendline zone 51150 - 51000 will get this pattern activated & we can see big target towards downside. Target on downside can be 47400 P.S. : My short position is already active from 51800 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!
NSE:BANKNIFTYShort
by akshit_official
3
strong REVERSAL but can it SUSTAIN..?As we can see BANKNIFTY showed strong reversal wiping last 3 day losses in a single day but the main question is that will it sustain it higher levels..? Following the ongoing events, the lopsided win of ruling government in Maharashtra can add fuel to fire and hence can result in strong opening but the closing is to be noted hence tomorrows closing is going to be really important to confirm bigger targets so plan your trades accordingly and keep watching.
NSE:BANKNIFTY
by Wealthcam
Potential swing option for short/mid term holdHINDCOPPER after making ATH of 415.80 have corrected approx 37% from top. Last trading week, stock have created a base at 260 levels showing sideways movement despite there has been huge volatility in Metal sector. Due to continous FII selling and negative market sentiments expecting 260 level to break and creating more panic for retailers. However, as per my views, there should be a bounce back from 243/226 zone for further waves. Now, this bounce shall occur either quickly just hitting levels of the marked box or post few days consolidation within the box attracting institutes to accumulate/add at that point. Personally, I'm looking for an opportunity here for fresh entries at levels within the box for a short/mid term Swing for 20-30% returns with last target of 302/305. This analysis is just based on my personal views as per demand and supply zones for the stock, therefore, this does not guarantee any future results or returns. Not a buy/sell recommendation.
NSE:HINDCOPPERLong
by Jaksh_OM
1
Good Risk-Rewards in BNBUSDTBelow are the some points to go through for better analysis: 1. BNBUSDT is one of the great coin for trading as well. Liquidity i also doesn't matter 2. Risk Reward is almost 4. 3. Broder Market of Crypto is upside (Upside Trend) 4. BNBUSDT rally is pending Disclaimer: Content shared on or through social site channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Long
by navneet2109
1
#BANKNIFTY - 18TH NOVEMBER!!NSE:BANKNIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:BANKNIFTY
by thetradeforecast
1
US DOLLAR INDEX - TRADE IDEA ON SHORT SIDESymbol - DXY DXY is currently trading at 105.57 My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side. Shorting DXY at CMP 105.57 I will add more position if 106.00 comes & will hold with SL 106.30 Targets I'm expecting are 104.75 - 104.30 - 103.73 & below. 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!
TVC:DXYShort
by akshit_official
BANKNIFTY still in consolidation phase, yet to decide.As we can see BANKNIFTY can still be seen in phase of consolidation after showing signs of REVERSAL but had been bearish as analysed in our previous post. further we can see an important demand zone and psychological level around 50000 hence we may see BANKNIFTY grading slowly towards 50000 levels before finally taking support for new change of trend so plan your Trades accordingly as market can remain bearish to sluggish in coming trading sessions.
NSE:BANKNIFTY
by Wealthcam