24000 will act as a SUPPORTAs we can see NIFTY remained negative as it couldn’t sustain itself around the range and had been falling leading to gettting back in structure hence we can now expect more of sideways to negative market in coming trading sessions till NIFTY finally breaks side for unidirectional move so plan your trades accordingly.
Multiple Time Frame Analysis
Brace For Impact:The Downturn Has Begun?Tradeplan#Nifty50 130824First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
*Trend is down
*Trade plan: Sell On rise/ 24360 will act as a strong resistance.
*for Critical levels & detail analysis see the Video
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade.
NIFTY remains bullish above 24350As we can see despite negative sentiments, our Indian index managed to close itself in almost green scenario showing the strength of Indian market. Further more we can see NIFTY sustaining above the structure which shows signs of bullishness hence as long as NIFTY sustains itself above 24350 we can go long unless it opens weak and inside the structure then we can see sideways to negative market again so plan your trades accordingly
Who Will Win? Bulls or Bear? #Tradeplan #Nifty50 13th Aug 24First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (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.
Gold Outlook 12 Aug We've had a good bullish week. We can see some pullback at the start of this week before continuations. Demand zones till where to expect the pullbacks too are indicated. Follow the LTF market structure with HTF as the guide. Current price action > Past price action. Don't force trades. Gold is still technically and fundamentally bullish by pullbacks are a possibility. 4H Internal BRK may allow for buy continuations much faster without a deeper pullback.
Coming back in structure! Following the global cues we can expect INDIAN market to take a hit making it coming back in structure unless Indian retailers opt to take revenge on western short sellers leading to short squeeze. As of now we can still expect NIFTY to remain bearish till it sustains above the previous trading day high. It’s better to avoid days with immense volatility unless important zones breaks so plan your trades accordingly.
NIFTY is still under pressure!! As we can see NIFTY had been sideways to negative as we had analysed. Now following the global cues, we can expect NIFTY to open strong but we can see a strong resistance hovering above NIFTY which can still put NIFTY under pressure hence as long as NIFTY is below the supply zone every rise can be sold till it sustains above the zone for another ATH so plan your trades accordingly.
Bearish till 50740As we can see BANKNIFTY has been in consolidation since last few days and in short term can be witnessed as inverted flag-pole pattern which shows bullish continuation. Despite the recovery we are still bearish till it breaches 50740 levels which would then lead to gap covering and further continuation of uptrend so plan your trades accordingly.
BIG FALL coming up if NIFTY opens FLAT/NEGATIVE!!As we had been witnessing since last year that every minor dip was bought and recovered almost very fast but it’s been first time after the strong rally NIFTY isn’t showing any signs of rejection at its support making it weak. Hence any weak to flat opening could lead NIFTY to fall for another 1000++ points in coming trading sessions but if opens strong then we may see another sideways to gap filling market so plan your trades accordingly.
Some SERIOUS CORRECTION coming up…?As we can see BANKNIFTY had been in strong uptrend ever since without any serious correction. Further we can see BANKNIFTY taking support at trendline at every minor corrections which stands around 48000 levels hence we can expect 48000 anytime sooner in BANKNIFTY but if BANKNIFTY fails to take support at 48000 levels then we may see a panic in market taking BANKNIFTY to touch 45000 levels so plan your trades accordingly.
NIFTY FOR 05 AUG Educational Post trading at support Nifty is trading at support
If Nifty moved in a uptrend, considering the globe cues take the trades cautiously as we can see more OI in call side. Resistance for uptrend
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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BANKNIFTY very weak below 51100..?As we can see BANKNIFTY can be testing the supply zone and getting rejected from there. Following the ongoing global cues we can expect another negative opening for BANKNIFTY and we had been analysing that till BANKNIFTY doesn’t gets inside the structure, every rise can be sold so our plan remains the same for coming trading sessions and very bearish below 51100 so plan your trades accordingly.
BANKNIFTY still in consolidation phase..?As we can see BANKNIFTY after breaking down from the flag structure had been negative to indecisive since quite some time now. Now following the structure we can expect BANKNIFTY to remains sideways to negative in coming trading sessions till it enters back in the structure which would make it bullish hence keep monitoring the market closely and plan your trades accordingly.
BANKNIFTY 31jul Educational Post- Best to wait and let it settleHow to find Support /Resistance of a INDEX in 15m time intervail
From the tool bar, draw Fibonnaci retracement at the All time high candle and draw it down to the next few available support levels.
As you draw, the retracement lines should touch on the underlying Horizontal Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, etc.)
In this example, the INDEX level shown
The other reason to use this index as reference is because other index from the industry has reported excellent numbers and we all are looking for a good entry point for better risk/reward.
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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STRONG PRESSURE! A correction coming up..?As we can see BANKNIFTY despite trying to make new highs is continuously getting rejected at higher levels making opportunity for every rise to be sold. Hence as long as BANKNIFTY maintains itself below the structure and trendline every rise can be sold for bigger targets as we may see a strong profit booking in coming trading sessions so plan your trades accordingly.
STRONG rejection from the trendline ! Still in DOWNTREND..?As we can see despite the strong opening BANKNIFTY got rejected and fell strongly from the given trendline showing BANKNIFTY’s weakness below the trendline. Hence as long as BANKNIFTY remains below the trendline we can expect sideways to negative market for coming trading sessions so plan your trades accordingly.
Bandhan Bank _Upside gap Currently Bandhan Bank is trading around Rs.218.50 and gave breakout with upside gap candle.
Pros:- Stock about to break 💔 All time trendline.
* stock is showing good signs of strength in weekly and monthly timeframe.
* Nifty Bank index is also supporting.
*Trade Set_up
*Go long @ current candle with 194 has support if your are aggressive trader.
*if your a low risk trader, Then let price come to support @ 194 which is having gap concept.
* Best to trade in F&O of Aug_2024.
Happy Trading!! Only for educational Purpose.
RCF - fertiliser stock looking for 100% gainsRCF ltd - cmp 108
Fertiliser company stock that has breached monthly close of 110 (year 2007) and has sold around 134 levels.
Now trading again at 108 which is a very strong support for it.
Now volumes have dried up which is a sign of consolidation happening and it is not under the public eye.
From here it may again start upmove till 135-140 which is a resistance level and then go for 200 plus levels.
Thanks
Happy Trading !
BANKNIFTY ready for new ATH now..?As we can see BANKNIFTY has absorbed all the potential shocks and recovered almost 600++ points from forming hammer pattern. Now following the global cues we can expect BANKNIFTY to open strong but we will have to watch if it sustains. If it couldn’t sustain then we may see another sideways to negative gap filling market tomorrow so plan your trades accordingly.