Multitimeframeanalysis
banknifty buy tradebanknifty was making going in downtrend as per market structure
how structure has broke previous low so 2 buysetup i haven found on the 15min timeframe
#multiple timeframe analysis
!!!CAUTION!!!!
i f first entry gives target plz dont take 2nd entry might liquided price
!!!CAUTION!!!!
good_luck
Concept of Soft,Hard Landing feat Adani Enterprises 1 ) Monthly Time frame story: This story tells us about the fibo retracement
- From the start of the journey of its price action till date, it has given a solid return
- Retracement was always pending in this stock. There can be two types - soft and hard landing type retracement
2) Stock has retraced almost 50-60% of its total lifetime move - Only Issue is Daily time hard landing retracement
Soft Landing
- Stock moving with a zig-zag type formation, that is, making lower lows with lower highs, taking time to reach 50-60% retracement levels, is what we call a soft landing in this contraction cycle of stocks.
Hard Landing
- Stock falling directly with big 20-30% falling bars in a single day and continuing this next day with increasing volumes tells the story of a hard landing, meaning no new
positions are made in between, and only selling side pressure increases without any backing from bulls at all.
3) Execution: The plan here can be that after Hard landing like in the case of Adani stocks, we need to be patient and mark important levels
- Here I have made on the daily time frame 2 patterns - Triangle and W bottom, many other fomrations can be there ( it should be a bullish pattern at this stage, that's all )
A breakout of out it can be played with a small investment amount ( This is not an advice, so consult your fin advisor or take decision on your own trading style )
Good luck
NIFTY INTRADAY SET-UPMaybe tomorrow nifty trading between this range 17900 to 17600.
highest call oi 18000 ,It act as a major resistance .
Hghest put oi 17500,It act as a major support
17700 is a crucial range ,It holds both put and call OI .
PCR,0.6 VOLUME PCR,0.9 .Maybe tomorrow we expect slightly Sideways BEARISH TREND.
Tomorrow RBI meeting will be held at 10 AM .
S&P500 - WHAT DOES THE HIGHER TF?My analysis today deals with how the further course of our most popular stock index "S&P500" could look like.
The DXY / USD has a non-negligible impact on the S&P500, as the whole economy depends on its behavior.
> Meanwhile, this seems to take run-up, for a final upswing, which could bring the S&P500 under massive selling pressure.
> Regardless of this selling pressure coming from the USD, a divergence has formed on the MACD + RSI indicators in the S&P500 weekly chart, forecasting a rising S&P500 / falling USD.
Below, the analysis goes into detail so that you are aware of the significant levels and areas.
For this I have carried out a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month & week) and thus makes the big picture visible.
Normally, all time units below "1h" are called noise, but even a - 1h-4h - analysis is of no use to you, if the knowledge about the big and whole is missing.
> We traders know that nobody can predict the future, and that's exactly why you have to be prepared for all initial situations.
> If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets.
> This creates dangers, but also opportunities - it is important to look at the big picture.
> I have explained in detail which levels are RELEVANT in the following pages. .
Table of contents
1st part = INTRODUCTION
2nd part = TECHNICAL ANALYSIS
= Monthly - Time frame
= Weekly - Time frame
3rd part = CONCLUSION
PART ONE
"INTRODUCTION"
After the "S&P500/USD" formed a top at last year's turn of the year, a strong sell-off is subsequently unleashed.
> This sell-off paused in October|2022 to test the strength of it.
> The two following bullish monthly candles, were interrupted with a "bearish engulfing", - this adds further selling pressure to the index.
> That we can expect a price explosion, thus moves further into the distance - however, this is not excluded, for the following reason:
= The weeks MACD + RSI, show since October last year, a bullish divergence.
> Once you look at the DXY (USD index) on the higher time levels, the further sell-off in the traditional markets, however, becomes more likely.
(My DXY analysis is linked below this post, for confirmation purposes.)
SECOND PART
TECHNICAL ANALYSIS
For the analysis of the higher time levels I proceed according to the onion-skin principle.
> MONTHLY - Level > WEEKLY - Level > DAILY - Level
These are divided into
> SUMMARY > CHARTS
The charts and fibs are presented in logarithmic scaling, as the given information can be visually presented in a more harmonious way.
1. MONTHLY – TIME FRAME
SUMMARY
The trend channel shown in the chart formed in March|2009 and has since been able to take a stand as a legitimate trend channel. Its mid-trend line showed reactions when confronted and was respected by the market.
> The price is in the area below the middle line and had recently touched it.
> In the last 3 months, the price ran up to the middle line, but was not strong enough.
> The trend arc is another support, which should be considered for a future sell-off.
> The downtrend line, was respected and needs to be broken + tested before a "rally".
If we go into more detail about the "SUPPLY & DEMAND" zones, you can look at two "DEMAND" zones on the chart.
> The "DEMAND" zone 1, is WEAK, because it is a RBR (Rally-Base-Rally) and was already tested by the course in October.
> The "DEMAND" zone 2, is VERY STRONG, because it is a DBR (Drop-Base-Rally) and has not been tested by the price yet.
The Fibonacci retracements should serve us as additional confirmation and were taken into account in past movements (last decades).
> Should the price fall further, FIB 1 (0.88 FIB) will serve as resistance. Although due to the previous testing of the 0.786 FIB, the resistance will be crumbling.
> If the sell-off continues, FIB 2 (1.618s FIB) will be the first point of contact for the price and in combination with the arc, can trigger a reaction on the "smaller" time levels.
> The FIB 3 = 0.618 - 0.88 FIB level, in combination with the FIB 4, will trigger the biggest resistance reaction in the market, should such a strong sell-off occur.
The past highs and lows usually serve as resistance / support, one of which we have.
> HIGH | 02/20 - Already showed reactions = Future support
A level of interest is before us, which since 2018, plays a strong role for the market.
> This support, represents the drawn - POI (2,950 USD), which at the time of this analysis, is still far from the price.
CHARTS
S&P500 – Overall picture
S&P500 – Overall picture without trendlines
ATTENTION
In the following time levels, I will only deal with the NEW, added elements.
2. WEEKLY – TIMEFRAME
SUMMARY
Besides the already mentioned trend channel, further trend lines become visible in this one.
- These have caused reactions in the channel in the past and should therefore be kept in mind. (gray)
The monthly "SUPPLY & DEMAND" zones are joined by others from the weekly view that coincide with other resistance / support elements.
- The near "DEMAND" zone has low significance as it has already been tested once by the price.
As other Fibonacci additions, we have two more elements:
> Both newly drawn elements refer to a possible upward movement.
> If there is an upward movement of fundamental magnitude, these levels will be updated again.
CHARTS
S&P500 – Overall picture
S&P500 – Overall picture without trendlines
THIRD PART
CONCLUSION
"The calm before the storm "
Before a thunderstorm breaks out, it suddenly becomes very quiet - currently it is unusually STILL | seen from a macro- and microeconomic perspective.
> Will the calm be broken by a sharp sell-off, or by a price explosion?
In summary, based on technical analysis, there are strong reasons for a falling S&P500 price.
> Since the price top in Jan|2022 - every monthly - Bullish candle, was completely Bearish engulfed.
= Which leads us to conclude a very strong sell-off.
> The divergence on the weekly level, which indicates a price upswing, should be kept in mind - but this is not a reliable indication.
For this reason, I am assuming a weak S&P500 and an accompanying bloodbath in the traditional and crypto markets.
> Positioning after confirmation of this thesis = SHORT
If this idea and explanation has added value to you, I would be very happy to receive a review of the idea.
Thank you and happy trading!
USD - IS IT KEEPING THE UPPER HAND AFTER ALL?My today's analysis deals with the fact that it could coming to an end with the correcting, and a further rise in the DXY is in front of us.
> We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations.
> If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets.
> This creates dangers, but also opportunities - it is important to look at the big picture.
> Which levels are RELEVANT; I have explained in detail in the following pages.
TABLE OF CONTENTS
- 1. Part = DXY EXPLANATION
- 2. Part = TECHNICAL ANALYSIS
= Monthly - Time frame
= Weekly - Time frame
= Daily - Time frame
- 3. Part = CONCLUSION
FIRST PART
“INTRODUCTION“
The "DXY" indicator entered on September 28 of this year,
the first time since May 2021, in a downward correction.
> On this day, I published an analysis, which dealt with a possible top in the DXY.
> This forecast turned out to be a precision landing on the day and is to till now the TOP.
(My analysis is linked below this post, for confirmation purposes.)
To help you understand the relevance of the "DXY Index", let's take a closer look at it.
The U.S. Dollar Index (DXY) is a ratio (index) that compares the value of the U.S. dollar using a basket of six currencies.
> EUR = 57,6 %
> JPY = 13,6 %
> GBP = 11,9 %
> CAD = 9,1 %
> SEK = 4,2 %
> CHF = 3,6 %
EXPLANATION
DXY > RISE
One of the currency pairs falls > Pressure on other currency pairs increases = Chain reaction = All currency pairs fall
DXY < FALL
One of the currency pairs rise > Pressure on other currency pairs decreases = Chain reaction = All currency pairs rise
So if you interpret the DXY correctly, you can get confirmation for ideas in other related currency pairs.
SECOND PART
TECHNICAL ANALYSIS
For the analysis of the higher time levels I proceed according to the onion-skin principle.
> MONTHLY - Level > WEEKLY - Level > DAILY - Level
These are divided into
> SUMMARY > CHARTS
1. MONTHLY – TIME FRAME
SUMMARY
The trend channel shown in the chart formed in May|2011 and has since maintained its position as a legitimate trend channel. Especially its mid-trend line showed many reactions and great interest of the market.
> The price has reached this middle line and has already reacted positively.
> The trend arc is another bullish signal and could serve as additional resistance in the future.
If we look more closely at the "DEMAND" zone, we see that it has already been tested on.
> The monthly candle closed above the zone, which is another positive indicator.
> If we get another rise in the DXY, the marked "SUPPLY" zone, will serve as a very strong resistance and will be a real challenge.
The Fibonacci retracement should serve us as an additional confirmation, and was taken under proof in past movements (last decades).
> The 0.328 level, was breached without another reaction at this time level and the monthly candle closed below it.
> Still pending is the next 0.50 level, which in combination with several arguments, represents a Medium-Strong resistance.
> In the absence of a reaction from this level, we will see another sell-off to the 0.618 level.
Past highs usually serve as resistance, of which we have two.
> HIGH | 01/17 - Already showed a reaction
> HIGH | 03/20 - Reaction still pending
Points and levels of interest are available to us, which have a not irrelevant duration.
> The most significant resistance is the marked POI ZONE (turquoise), with 50 years of experience.
> We can be sure that there is great interest in this one.
> This already proved true with a first reaction, but we must continue to wait for the candle close to confirm the argument.
> If this is "temporarily" broken by a panic in the market, the POI at 102,000 points, serves as the next point of contact.
CHARTS
DXY – Overall picture
DXY – Trendlines
DXY – Supply & Demand ZONES + Market-Structure-Break
DXY – Fibonacci + POI
ATTENTION
In the following time levels, I will only deal with the NEW, added elements.
2. WEEKLY – TIMEFRAME
SUMMARY
Besides the already mentioned trend channel, another one is now visible (violet), which was formed in May|2021.
> Regardless of its inconspicuousness, it supports the tenor of the thesis.
> It was respected and must prove itself again in the coming days and weeks.
The additional "SUPPLY&DEMAND" zones join the two existing ones and remain untouched.
As further Fibonacci additions we have:
> A 1.618 level which was almost touched but is still pending to be worked off.
> A 0.786 level which has been able to defend the last two weekly closes.
> A 0.88 level, which in combination with the pending MSB, represents a strong resistance.
CHARTS
DXY – Overall picture
DXY – Overall picture + Monthly
DXY – Trendlines
DXY – Supply & Demand ZONES + Market-Structure-Break
DXY – Fibonacci + POI
ATTENTION
In the following time levels, I will only deal with the NEW, added elements.
2. DAILY – TIMEFRAME
SUMMARY
In the chart, further trend lines are drawn, which have shown reactions in the last 4 months.
> These will represent resistances for a possible upward movement.
Because so many elements are drawn in the chart, I would advise you to look again at the chart below, where you see only the S&D zones.
> Some close together with the higher time levels, which reinforces their - resistance/support.
CAUTION (Paler Zones)
> The Supply zone, has been touched before and thus has less resistance.
> The Demand zone, has been breached and thus should not trigger a major reaction, however it could still be "recaptured".
In order to be able to forecast possible target ranges, we would first have to reach the bottom, which has yet to form.
> The plotted levels can still change, but serve as a first reference point.
> If the reached level already represents the bottom, one can see that the FIB levels, beautifully go along with the "Supply&Demand" zones.
CHARTS
DXY – Overall picture
DXY – Overall picture + Monthly + Weekly
DXY – Trend lines
DXY – Supply & Demand ZONES
DXY – Fibonacci
THIRD PART
CONCLUSION
"The market makers only make money when everyone else loses. So what is the current mainstream opinion?"
Run that question through your head and let me know in the comments what you think is more likely.
> Another sell-off or a strong USD for now?
In summary, based on technical analysis, there are a few reasons for a "temporarily" strong USD.
> If you take a closer look at the area of the - HTF-POI-ZONE - you will see quite quickly that resistances could be enough for a whole arm.
> Bringing this wall down will take more than one run-up, in my opinion.
For this reason, I am assuming a strong USD and an accompanying bloodbath in the traditional and crypto markets.
> Positioning after confirmation of this thesis = SHORT
If this idea and explanation has added value to you, I would be very happy to receive a review of the idea.
Thank you and happy trading!
S&P500 – TRADES | KW47 | INTRADAYIn today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis.
= since it is a very short-term time frame, I will not comment further.
= the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade. This is one of many possible setups, because the current course is not able to take a clear direction.
The following methods are used and shown in the following:
- SUPPLY&DEMAND ZONES
- FIBONACCI LEVEL
- POINTS OF INTEREST
- TREND LINES
SUPPLY & DEMAND ZONES
„4 hour + 1 day – time window“
„1 hour – time window“
„1-4 hour + 1 day – time window“
FIBONACCI LEVEL
„Intraday - time window“
„Day - time window“
POINTS OF INTEREST
„4 hour - time window“
TRENDLINES
„Intraday - time window“
„Day - time window“
RAW VERSION WITHOUT DRAWINGS
„4 hour - time window“
„1 hour - time window“
> Feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
DXY – TRADES | MTF ANALYSE | KW48In today's post I present relevant marks of the DXY for the next week, which could support the one or the other, in their own analysis.
= the technical analysis approaches, are shown in individual images in the post. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade. This is one of many possible setups because the current course isn`t able to take a clear direction.
PERSONAL ASSESSMENT
If you look at the price in the higher time frames, you can quickly see that "without" another correction, we have been in free fall.
Thus, an intermediate correction in the smaller time frames is long overdue and could possibly await us next week, with a rising USD / DXY.
This just announces itself with a MACD divergence, in the small-time units. This does not mean that the price must immediately react to it, however, over the next few days after a possible small sell-off, the whole thing can run in the opposite direction.
Why this is so, I explain to you in the following.
MARKET MAKERS MOVE THE PRICE .
The DXY has been in correction for 2-months and many market participants assume a further USD value decline.
And exactly there is the existing problem,
-> "many market participants" are on the USD short side.
If you look a little bit into the TRADING of the HEDGE funds and banks, you will quickly come to the conclusion that without their participation, the market will not move.
1. from the moment the price moves permanently in one direction, it is no longer interesting for large investors.
2. their opportunities to make money are very small, which is why they have to reverse the market direction or initiate a consolidation.
This in turn is due to the following reasons:
- The position sizes of these investors are too large to be executed in a normal market environment.
- For this reason, you can e.g. only build LONG positions if enough investors sell to you = go SHORT.
- Thus, when the market falls, they can build a LONG position piece by piece, without having a "visible" influence on the market.
Then, when you decide that their position size has been successfully filled, let the price go in the opposite direction.
- During the e.g. upward movement, profits are then taken piece by piece where liquidity is highest so that the market does not break away again after these profit-takings.
So that you are prepared for both scenarios (LONG / SHORT), I have carried out the analysis combined with the different time units (monthly, weekly, daily and INTRA-Day) and in the following with chart images.
The following methods are used and shown below:
- MULTI TIME FRAME ANALYSIS
- TREND LINES + TREND CHANNELS
- SUPPLY&DEMAND ZONES
- FIBONACCI LEVEL
- MACD
MONTHLY TIME FRAME
WEEKLY WINDOW
DAY WINDOW
INNER DAY TIME WINDOW
4h + LONG
4h + SHORT
1h
4h Divergence - MACD - Intraday
> Feel free to discuss this in the comments and share our perspectives, I would be "burning" to hear your take on the whole thing.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
Multi Timeframe Analysis on ACCELYA The chart above says it all.
Daily TF Analysis :- If you look at daily TF you will find this stock made a high of 1530-1540 last year, then it fell down.
This year in November 2nd week it broke out that level and right now it is retesting that previous resistance level.
From price action point of view this is a good entry point.
Hourly TF Analysis :- in hourly time frame a good support can be seen forming, right now the RSI is also at 23 (Highly Oversold).
15 Minute TF Analysis :- in M15 the RSI value is at 21, indicating oversold condition in this timeframe also.
Conclusion :- this stock can be a good candidate for swing as well as positional trading.
For swing trade Entry would be - 1530, SL - 1480, Target - 1670 (Risk : Reward = 1 : 2.8).
Disclaimer - Do your own research before taking any Trades.
Exide Industries Flag Pattern Breakout The price has bottomed out and reversed from Multiyear Support at around 130-135 INR.
Broke the previous High on the Daily timeframe and then proceeded to break the Channel pattern on the upside.
Breakout created a new high (175 INR, which is also 200EMA level on the weekly timeframe) & Retraced (Failed breakout).
Retraced and consolidated and then gave a breakout again.
Entry Price: 160-165 INR
SL Price: 145- 150 INR
Confirmation of Breakout: after breaking of 175 level, which is 200 EMA resistance (Green line)
Target1: 181-184 (If no consolidation at targets, then next 1-2 months)
Target2; 191-194 (If no consolidation at targets, then next 3-6 months)
Target3: 210-215 (If no consolidation at targets, then next 9 months-1 years)
IRCTC: Cup and handle pattern BREAKOUT
Monopoly in the sector.
Strong Fundamentals with good ROE.
Cup & Handle formation is complete.
The price is above 50 and 200 MA.
Handle breakout is seen, however, there is an immediate STRONG SUPPLY ZONE (acting as resistance) just above the Handle region.
This STRONG SUPPLY zone has been broken today with a gap-up opening indicating bullish momentum.
Stoploss has been marked in Orange.
Two Target Price/Take Profit level has been marked in Red lines.
RAMKY - Multi year breakout stock - Monthly/Weekly ChartThe analysis is done on Weekly and Monthly TF hence price may take few weeks to few months in order to reach the targets.
Below is the monthly timeframe chart for broader picture -
Trade setup is explained in image itself.
Targets are calculated for different patterns shown in chart - by calculating the max depth from the resistance and then copying it above the resistance neckline.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.