Exact REVERSAL from our given levels.. what's next..?AS we can see BANKNIFTY reversed exactly from our given zone of 50350-400 as we discussed in our previous analysis. Now as the level got respected being an important SUPPORT, we may expect BANKNIFTY to remain strong till that zone is taken care of which may lead to being sluggish is gets below 51100 levels so plan your trades accordingly.
Multiple Time Frame Analysis
PVR Inox on the way to 2144 ....Sharing for Educational Purpose Formation of WW and showing trend strength to move up.
Its a Weekly chart and had multiple resistances on the path.
Hence it will be up and down journey not a straight path to destination
Price will clear resitances on the way to 2144 with Patience .
Swing Low as my SL for study purpose.
This gives good RISK:REWARD
much awaited fall is here!! where are we heading next..?As we can see BANKNIFTY fell more than 1000 points which was well expected as BANKNIFTY had been forming more like a rising wedge pattern. Now an immediate support can be seen around 50350-50500 levels being both previous swing and psychological level but if that level is breached below the we may see another sharp fall of over 500++ points which could be directional in nature so plan your trades accordingly.
And the SLUGGISHNESS continues..As we can see BANKNIFTY remained sideways after opening weak but didn't let itself fall further making 51250 the final SUPPORT. our view had been negative following the structure of falling wedge despite BANKNIFTY showing strength in short term. HENCE as soon as BANKNIFTY breaches 51250 level and sustains below, we may see a sharp directional fall so plan your trades accordingly.
And the SLUGGISHNESS continues..As we can see BANKNIFTY remained sideways after opening weak but didn't let itself fall further making 51250 the final SUPPORT. our view had been negative following the structure of falling wedge despite BANKNIFTY showing strength in short term. HENCE as soon as BANKNIFTY breaches 51250 level and sustains below, we may see a sharp directional fall so plan your trades accordingly.
#XAUCreate a virtual peak, drop deeply, or surpass the old peak?Gold XAUUSD Analysis for the European - American Session on September 5, 2024:
The gold price on September 4, 2024, experienced significant fluctuations, yet it remains consistent with the previous bottom zone of 247x. After confirming the sell-off, gold rebounded strongly. However, the current upward momentum is still insufficient; a buildup is needed in the 245x - 246x area, or even 244x.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2512 - 2515, 2520 - 2524.
BUY zone: 2489 - 2494, 2477 - 2482, 2460 - 2466.
Recommended orders:
Plan 1: SELL XAUUSD zone 2513 - 2515
SL 2518
TP 2510 - 2500 - 2480 - 2460.
Plan 2: SELL XAUUSD zone 2524 - 2526
SL 2529
TP 2520 - 2510 - 2500 - 2460.
Plan 3: BUY XAUUSD zone 2457 - 2460
SL 2454
TP 2464 - 2475 - 2490 - 2565.
STRUCTURE vs DATA, who will win..?as we can see despite the break of rising wedge pattern, BANKNIFTY hasn't shown any significant downside move as we were expecting and remained sideways throughout the day after opening weak. Following the structure we can still expect bearishness for coming trading sessions but the DATA( option chain) shows huge OI build in OTM strike prices i.e 51500-52000 respectively which shows bullish bias largely hence unless the zones are breached, BANKNIFTY might remain bullish so plan your trades accordingly.
#XAU End of short-term adjustments, continuing the upward trend.XAUUSD Gold Analysis for September 4, 2024:
Yesterday, September 3, 2024, the gold price adjusted down as anticipated, currently forming a bottom at 2473, with two bottoms appearing on the H4 chart, indicating a high likelihood of creating a new peak and continuing the upward trend.
Tonight, there will be news on the "FED interest rate decision," which will support a rise in gold prices. (There is a 69% chance of a 25-point decrease and a 31% chance of a 50-point decrease).
Today's trading trend: BUY.
Key price levels to watch:
BUY zone: 2483 - 2486 and 2475 - 2478.
SELL zone: 2499 - 2503 and 2510 - 2513.
Recommended orders:
Plan 1: BUY XAUUSD zone 2484 - 2486
SL 2481
TP 2489 - 2495 - 2500 - 2511 - open.
Plan 2: BUY XAUUSD zone 2475 - 2477
SL 2472
TP 2480 - 2490 - 2500 - open.
Plan 3: SELL XAUUSD zone 2510 - 2512
SL 2515
TP 2505 - 2500.
BANKNIFTY at MAKE or BREAK level.As we can see BANKNIFTY had been in rising wedge pattern for quite some time now with both sides has been tested multiple times making it weak hence till BANKNIFTY maintains itself within the zone, the pattern indicates further bearishness in coming trading sessions. so plan your trades accordingly
#XAUUSD/H1 Adjust down or continue to move sideways?Gold XAUUSD trend analysis for September 3, 2024:
The gold price on September 2, 2024, did not break the previous sideways range. Currently, short-term investor confidence mostly predicts a deep correction towards the 243x - 244x area, followed by a continuation of the long-term upward trend. If the 248x area is broken, this correction will be officially confirmed. The PMI news tonight will determine whether there will be a downward adjustment.
Today's trading trend: SELL and wait to hold BUY at lower price levels.
Key price areas to pay attention to:
SELL ZONE: 2503 - 2508, 2517 - 2522, 2527 - 2531.
BUY ZONE: 2477 - 2482, 2460 - 2465, 2440 - 2444.
Recommended orders:
Plan 1: SELL XAUUSD zone 2503 - 2505
SL 2509
TP 2500 - 2495 - 2480 - 2440.
Plan 2: SELL XAUUSD zone 2517 - 2519
SL 2523
TP 2512 - 2500 - 2490 - 2440.
Plan 3: BUY XAUUSD zone 2440 - 2443
SL 2437
TP 2450 - 2480 - 2520 - 2565.
BANKNIFTY still looks weak..as we can see BANKNIFTY remained sideways to negative as we had been analysing since past few days that BANKNIFTY had been in rising wedge pattern which is more like a bearish pattern hence break of the structure could lead to a big directional fall hence was long as BANKNIFTY maintain itself within the structure it can remain sideways to negative till it finally breaks below for a bigger fall so plan your trades accordingly
Did BANKNIFTY turn bullish..?As we can see slowly and steadily BANKNIFTY can be seen moving in uptrend, also has broken the trendline but can be seen in consolidation and indecisiveness which shows the breakout is not strong enough or buyers are not confident enough to make market move upwards hence till the zone is broken either side, the trend cannot be identified so plan your trades accordingly.
#XAUUSD/H4 Crossing the peak area, accumulating or adjusting?Trading trend analysis for the week of September 2 - September 6, 2024:
As per our daily analysis, the gold price is currently moving within the sideways range of 2490 - 2530, and there are no signs of a breakout from this area yet. However, the new week will bring the "FED interest rate decision," which could be significant news that helps break this sideways range. My prediction is that September will be a very challenging month for trading due to the poor W and M candle patterns.
The trading trend for next week will be BUY.
Key price areas to note:
BUY zone: 2480 - 2485, 2490 - 2495, 2510 - 2515.
SELL zone: 2526 - 2531, 2537 - 2542, 2548 - 2553.
Recommended orders:
Plan 1: BUY XAUUSD zone 2490 - 2492
SL 2487
TP 2495 - 2500 - 2515 - 2537.
Plan 2: BUY XAUUSD zone 2483 - 2485
SL 2480
TP 2490 - 2500 - 2515 - 2537.
Plan 3: SELL XAUUSD zone 2539 - 2541
SL 2544
TP 2535 - 2525 - 2500 - 2465.
RADICO KHAITAN : A symmetrical channel Breakout💡 RADIKO KHAITAN has shown a symmetrical price channel breakout in a weekly time frame.
📈 It has given a very nice breakout that too with much more volume. It can rise till the target of symmetrical price channel range.🚀
🟢 Range : 1880 - 1900
🎯 Target : 2100 / 2300
🛑 Stop : 1600 (wcb)
⚠️ Disclaimer : It's not a buy/sell advice. It's a view purely for the educational purposes.
Lalagi In Super trend? Weekly wrap #Nifty50 31st Aug 24First Step of a successful trader is to build a Trade plan & review what he has done. (education purpose for all )
*Trend is UP
*Trade plan: Buy on Dip
*for Critical levels see the video
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade.
BANKNIFTY still in range, getting ready for fall..?As we can see BANKNIFTY had been volatile throughout the day which is expected in monthly expiry. We stil stand by our analysis as our bias has just turned negative as it broke below rising wedge pattern and in smaller time we can see more like a head and shoulders structure which also support our views hence till 51000 is level is respected, we can expect BANKNIFTY to remain bullish unless it breaches below turning it into very bearish so plan your trades accordingly.
JP225 SHOWING A GOOD BREAKOUT MOVE WITH 1:15 RISK REWARD JP225 SHOWING A GOOD BREAKOUT MOVE WITH 1:15 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle 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 rectangle 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
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
BANKNIFTY will get weaker below 51000 levels…!As we can see BANKNIFTY had been trading in more like falling wedge pattern in smaller time frame which is bearish pattern and it has been broken down hence as long as BANKNIFTY manages itself above trendline, we may see BANKNIFTY being strong but if closes below 51000 level then it will not only break last swing but also will start trading below the trendline making it even weaker hence plan hour trades accordingly
EURUSD SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD PERFECT ONEEURUSD SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle 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 rectangle 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
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