Multiple Time Frame Analysis
REVERSED exactly from our trendline!! What’s next..?As we can see despite strong downtrend and selling pressure, NIFTY managed to REVERSE strongly as we had been expecting based on the strong demand zone and trendline support hence as long as TRENDLINE in protected, every dip can be bought and we can expect more of strong uptrend if 24500 is broken and sustained above so plan your trades accordingly.
READY to continue its UPTREND..?As we can see, NIFTY has finally taken support and has shown signs of REVERSAL from our trendline support hence unless NIFTY doesn’t closes its weekly candle below the trendline support and psychological level, every dip can be bought as we can expect the uptrend to carry from here so plan your trades accordingly.
BOTTOM done for NIFTY..?As we can despite the strong fall, NIFTY can be seen trading at important demand zone and heading towards important psychological level hence we might see NIFTY reaching 28000 levels but this zone can be used for accumulation of stocks offering great value hence we can start value investing from here, let’s say 30 percent cash can be brought and average later on till 28000 levels so plan your trades accordingly!!
GBP Analysis for Potential Buy or Sell Entry
Overview: We’re focusing on a POI (Point of Interest) zone where we expect potential price reactions. This POI zone represents a key support or resistance area, and it will determine whether we enter a buy or sell position depending on how the market price reacts to it.
Plan:
1. If the market price finds support at the POI Zone:
Look for confirmation signals (such as bullish candlesticks, break of recent highs, or volume increases).
Enter a Buy position targeting higher levels, aiming for a positive risk-reward ratio. Identify potential target levels based on previous resistance or Fibonacci extensions.
2. If the POI Zone fails as support:
Wait for the price to retrace back towards the POI zone, testing it as resistance.
Enter a Sell position targeting lower levels, especially if bearish patterns or momentum indicators confirm the move.
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Key Reminder:
Trading always involves probabilities, not certainties. No strategy is foolproof, and risk management is essential. Make sure to place stop-losses in appropriate positions to protect your capital, and remember that disciplined execution is key.
MAKE or BREAK day for BANKNIFTY As we can see BANKNIFTY had been the strongest INDEX out of all as it had been trading at our important demand zone. Now we have more one day left for the weekly candle to close for confirmation of trend hence if BANKNIFTY falls and closes below 51000 mark then we may see a new trend which is downtrend else we can see sharp recovery in coming trading sessions so plan your trades accordingly.
[BULLISH] NIFTY intraday key levels for 25-10-2024Considering the structure formed only daily TF, it has grabbed liquidity and closed inside the yesterday's range. Will be looking for a market structure shift closing above today's high can be considered as bullish momentum. After MSS, will look out for any imbalance/fair value gap/breaker block/order block for an entry with recent swing low or previous candle low as SL.
Wont be interested if price moves towards downside and closes below today's low.
WEEKLY candle is yet to form As we can see, BANKNIFTY can be seen forming more like a head and shoulders pattern in bigger time frame but is still maintained above 51000 psychological level and important demand zone hence unless this weeks candle closes below 51000, the trend won’t change and we can see strong Recovery anytime sooner so plan your trades accordingly.
Micrcap that is actually having the potential of a midcapRain Industries NSE:RAIN has many verticals
The major are the foreign Carbon business, which recently entered into a JV with Northern Graphite for advanced materials.
Now, there is the local business that is CPC.
Then you have a cement business with 2 plants in various locations across AP and TG. They sell it across Kerala, TN, AP, Karnataka and TG.
The issue with this company has traditionally been Debt to Equity ratio and the long term borrowings.
Once that global business starts and the local cement action is just getting started as I see it. The future in the next 3 years looks fantastic.
Target: ₹400+
Time frame: 2-3 years
We are still above 51000 mark As we can see despite the fall, the trend doesn’t seems to be changing as the psychological level is still protected and price is sustained above. Following our view, we can still expect BANKNIFTY to reverse anytime sooner if the level is not broken which would lead to change of trend so plan your trades accordingly as this weeks candle is going to be very crucial.
XAUUSD - YehYehTrade - 22/10/2024The current market trend is bullish, but we can still look for buying and selling opportunities in areas with high trading volume. Wait for confirmation on smaller timeframes and pay attention to the volume in those zones. If accompanied by significant volume, we can enter a trade. Good luck!
immense VOLATILITY but the view remains the same!As we can see despite the strong opening BANKNIFTY fell over 600++ points which wasn’t directional. Nevertheless we will stick to our analysis of buying the dip till the psychological is broken below for the change in trend so plan your trades accordingly.
Sonata Software - Bullish OpportunityWe have a bullish opportunity for Sonata Software - positional long:
- Trend seems to be upwards on Monthly and Weekly TFs
- On 1 Day TF, we have price reacting upwards from nearest 1-D Demand Zone
- As per Elliott Wave model, price is forming bullish impulse wave upwards as shown in the chart. Currently, it seems to be forming a good solid 3rd Wave upwards on 1-D TF
- Entry can be done at 620-625ish and Targets can be 650, 688, 700 for immediate swings. If the momentum carries forward, we will revisit for exact target of when 3rd wave completes later.
CDSL BULLISH FLAG&POLE BO DTF/WTF SWING/POSITIONAL Refer the chart for details
The stock after a bullish streak has retraced to just above the 50% FIBO/R level.
Its has broken out of the Flag a week ago and now retraced to form a bullish candle indicative of a bullish reversal.
ENTRY can be at current price. Keep SL below the previous week Low.
the standard disclaimer in my other analysis apply.
BANKNIFTY heading towards 52800..?As we can see despite the weakness BANKNIFTY outperformed NIFTY and ended up closing in green. Now that BANKNIFTY looks strong we can expect BANKNIFTY heading towards 52500 and 52800 respectively as there is a pending gap that is to be filled which could potentially act as a RESISTANCE so plan your trades accordingly.
GOLDEN OPPURTINITY FOR BITCON INVESTORS BIG BREAKOUT COMEINGGOLDEN OPPURTINITY FOR BITCON INVESTORS BIG BREAKOUT COMEING
BITCON SHOWING A GOOD UP MOVE WITH BIG BREAKOUT SINARIO
DUE TO THESE REASON
A. its following a ACCENDING triangle 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 pattern neckline 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
D. rapid increaseing in volume shows that buyes are showing intrest to buy
so it will be a life changeing oppurtinity for investors
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
Strong UPMOVE as expected!As we analysed in our previous post that BANKNIFTY’s weekly candle did close above the trendline taking support which confirmed the uptrend and every dip could be bought and we saw exactly that with unidirectional rally. Now it can be seen breaking 51800 level which is also a breakout level hence any flat to strong opening could lead to 52500++ in coming trading sessions so plan your trades accordingly.
IRB After Giving Great Runup attempting to take supportNSE:IRB after giving great runup attempting to take support at 200 EMA with somewhat good volumes.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.