Berger paintsBerger paints probably make a new high
Berger paint on near monthly demand zone
High chance to make a new high
Multiple Time Frame Analysis
BANKNIFTY at 41000 now… what’s next.As we can see as analysed banknifty finally reached it’s important resistance and a psychological level of 41000 level now we have to see BANKNIFTY if it could sustain itself above 41000 or not else like previous breakout we can expect BANKNIFTY giving false breakout above and finally continuing its downtrend hence unless 41000 is broken above and sustained we cannot consider it as a change of trend or confirmed breakout
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.
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
TECHMTech Mahindra after consolidation and breakout from said range it ready to launch itself upwards
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
Recovery done.. where is BANKNIFTY heading next?as we analysed in previous post that we are expecting a short term bullishness and we did see a 300-400 points unidirectional upmove in last trading sessions but we also discussed that BANKNIFTY is still in DOWNTREND despite its temporary recovery hence if BANKNIFTY opens strong to flat we might see it getting rejected at 40200 levels which is also a psychological level so keel watching everyone
BANKNIFTY showing signs of RECOVERY in short term…?As we can see BANKNIFTY got rejected from the previous acting SUPPORT which is now acting as a RESISTANCE. BANKNIFTY cannot be said to have changed the trend unless it breaks the previous psychological level and the support of 40000 levels hence from these we can analyse that BANKNIFTY is still in downtrend as of now unless its recent high is broken
CRUDE OIL TRADE IDEA CRUDE OIL :- Price is re testing the sideways zone, this is the first retest, in the matter of my opinion, We can take a trade at this price point. we can clearly see the short setup.
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.
BANKNIFTY still seems directionlessAs we can see BANKNIFTY got rejected exactly from the SUPPORT and the psychological level of 40000 levels and had been bearish ever since. Hence BANKNIFTY still seems bearish as of now unless BANKNIFTY sustains above 40000 hence keep watching as either of levels is broken we can expect a good move
NIFTY maintaining itself in a range.. As we can see NIFTY had been trading in a tight range of 400 points between 16800-17200 levels which shows there hasn’t been any big move recently which gives high chances of trending market coming up anytime sooner. To identify the direction of the move we must make sure NIFTY breaks either of the levels with proper sustainment hence for confirmation of direction we must wait for confirmation, keep watching everyone
BANKNIFTY taking support at broken neckline..?As we can see we saw a huge downfall in the second half but it did close above 39550 giving respect to the psychological level hence if BANKNIFTY opens weak and below the psychological level we might see another sliggish to negative market today
NIFTY bullish above this levelAs we can see NIFTY had been sideways throughout the day hence making in a range and hence any break either side could show good move! level to watch is 17100 and till 17100 is protected we are still bullish in nifty hence keep watching everyone
NIFTY next stop 17300..?As we can see NIFTY showed some amazing upmove today, though BANKNIFTY outperformed NIFTY in terms of growth but we can see NIFTY having more potential than BANKNIFTY as NIFTY still has space to cover till 17300 which could be seen in upcoming trading sessions so keep watching everyone
NIFTY got rejected from important SUPPORT againAs we can despite the weakness NIFTY showed some great recovery in the second half from exactly from 17800 levels hence we can again see a strong opening tomorrow and any closing above 17150 can show 17300++ in coming trading sessions which is its next immediate resistance so keep watching!
EURUSDAnalysis:
Areas of focus: a, b
Weekly and daily Liquidity to be taken.
but after new euro fx contract switch there is a lot of sell took place.
So,
scenarios:
i)bias depends on how you view it either rallies above "a" liquidity zone.
or
ii) rallies above "b" till "a" liquidity is taken.
or
iii)Takes down after "b" 15 min fvg mitigation.
NOTE:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations by @Piphunter001
XAUUSDThis is my analysis. Please don't take it as trading or financial advice. I'm not a certified financial/ investment advisor. Please comment on your insights so that we can discuss better opportunities.
Analysis:
daily, and weekly liquidity taken
Scenarios:
a) If a sell order block is formed with a high volume in kill zones at 2000 0r 1940 levels then look for sell entries in fvg.
b) if a buy Order block is formed with high volume in Killzone at 2000-2005 price level then look for buy entries in fvg till the next liquidity zone as your target.
Caution:
As the price is close to liquidity zones only look for short-term trades and once liquidity is taken the you can focus on long term trades enter only after confirmation with proper risk mangement.
NIFTY headings towards 17300..?As we can see NIFTY has shown intense rejection from our demand zone but it is still in downtrend as of now but the next immediate target for NIFTY can be seen around 17300 which was also a neckline for head and shoulders pattern hence NIFTY might show substantial upmove till 17300 levels unless it get to the point where and actual change in trend can be witnssed so keep watching everyone
Exact Rejection from our zone, ready for upmove..?As we can see NIFTY showed amazing REVERSAL from our demand zone and recovered almost 300++ points from bottom and made an indecisive candle which shows we can see bears getting weaker and bulls overpowering the bears hence till 16800 is secured every dip should be a buying opportunity
NIFTY heading towards important SUPPORT now….As we can see NIFTY has shown one sided fall from head and shoulder pattern breakdown hence the next emminent important level can be seen around 16800 which is also a psychological level hence any signs of reversal around the given level can show good upmove hence keep watching as we might see a strong upmove around given level
Most Important Price Action Topic (D35)Most Important Topic to Understand to become a Profitable Trader
Daily Learning
Day-35
Trend Rider
ASIAN PAINTS STRATEGYAt 2500 Start your strategy for long. please hedge positions for better risk management, then at 2100 and at 1900 level try to buy more.
lets see
