Today's analysis focuses on the impact of past Federal Reserve rate cuts on Bitcoin (BTC) price action. In 2020, following a rate cut, BTC initially experienced a modest increase, followed by a significant decline of approximately -63%. The price found support around the 200-day moving average. As we approach the potential rate cut on September 18, 2024, we...
NSE:HDFCBANK is Looking Good to fill the gap made on daily charts with the FED giving Rate Cuts Today and the Bullish Sentiment of Banknifty Today. I won't be surprised if it tests 1800 Levels Again. Keep a Watch.
DYM Crypto: An Altcoin To Monitor In 2024 After an initial surge of over 1000%, DYM's price reversed from its peak of $8.62, forming a bearish wedge and breaking multiple supports in Q2 2024. However, in Q3, the price stabilized around the $1.00 mark, consolidating in a range that indicated accumulation. This consolidation led to a wedge breakout, with intraday...
BANKNIFTY Intraday Levels for 19/09/2024 Here are the BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. The SL (Stop loss) for each trade should be there. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and...
NSE:FLAIR Flair industry one of the 3 top player in writing industry read for big up move. Watch Out Points - 1. Expecting Good Quarterly Result 2. Above 340 Breakout Zone after long Consolidation 3. Below 300 No Trade Zone 4. Multiple Support in downside 5. Risk Reward is good. 6. After Breakout My First Target is 360+ Stay Connected for more updates....
PERFECT Consolidation - done textbook chart pattern rare to find - done Breakout + breakout - smooth just hold and ride the trade What Is the Flag and Pole Pattern? Imagine a flag on a pole—that’s the mental image we’re going for. Pole: First, there’s a sharp price move (either up or down). This rapid movement creates the “pole” part of the pattern. Flag: After...
"Welcome to SkyTradingZone " Hello Everyone 👋 RBL Bank's support and resistance levels are crucial for investors and traders. Here are the key levels to watch: - Support Levels: - S3: 210.98 - S2: 212.25 - S1: 214.26 - Pivot: 215.53 ¹ - Resistance Levels: - R1: 217.54 - R2: 218.81 - R3: 220.82 ¹ Additionally, the Relative Strength...
"Welcome to SkyTradingZone " Hello Everyone 👋 MGL (Moving Averages) and Support/Resistance (S/R) are two fundamental concepts in technical analysis. Here's a brief overview of each: Moving Averages (MGL): A Moving Average (MA) is a trend-following indicator that smooths out price action by calculating the average price over a specified period. For Mahanagar...
"Welcome to SkyTradingZone " Hello Everyone 👋 SAIL Level 4H Challenge: Task: Complete a complex, high-stakes task within a 4-hour timeframe that requires advanced problem-solving, critical thinking, and strategic planning skills. Tasks may include: Developing a comprehensive business plan or strategy Solving complex puzzles or brain teasers Resolving a...
Bullish Cypher pattern developing - Nifty daily Time frame, it valid till 25483 is not broken
Currently, NEAR/USD is forming a head and shoulders pattern on the 1-hour chart. If this pattern plays out, we could see a decline toward the lower trendline of the ongoing falling wedge. Additionally, a smaller head and shoulders pattern is unfolding, with a potential target range of $3.90-$3.80. A robust support level is present around $3.80. It is important to...
"Welcome to SkyTradingZone " Hello Everyone 👋 Bluedart Level 1H Challenge: Task: Complete a series of tasks within a 1-hour timeframe to test your skills and knowledge related to logistics and courier services. Tasks may include: Processing and sorting packages Tracking and updating delivery status Resolving customer complaints or issues Completing a series of...
"Welcome to SkyTradingZone " Hello Everyone 👋 For Birlasoft Ltd (BSOFT), currently trading around ₹648.451, here are the key levels to watch on a 1-hour timeframe: Support Level: Around ₹630 Resistance Level: Around ₹670 These levels can help you identify potential entry and exit points for your trades.
NSE:NIFTY Index closed near 25420 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 107.29 Lakh 25400 Strike – 50.29 Lakh 25300 Strike – 49.07 Lakh Put Writing 25000 Strike – 62.11 Lakh 25400 Strike – 47.97 Lakh 25300 Strike – 47.22 Lakh Index has resistance near 25450 – 25500 range and if index...
"Welcome to SkyTradingZone " Hello Everyone 👋 t looks like you're referring to a PNB (Personal Narrative Brief) level 30-minute exercise! For those who may not be familiar, a PNB is a brief writing exercise that helps individuals reflect on their personal experiences, thoughts, and feelings. It's usually done in a timed setting, and the goal is to capture your...
NSE:CNXFINANCE Index closed near 23990 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 2.58 Lakh 25000 Strike – 1.29 Lakh 24500 Strike – 1.12 Lakh Put Writing 24000 Strike – 2.12 Lakh 23500 Strike – 0.90 Lakh 23700 Strike – 0.61 Lakh Index has resistance near 24000 - 24100 range and if index...
NSE:NIFTY_MID_SELECT Index closed near 13285 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13300 Strike – 8.34 Lakh 13500 Strike – 6.84 Lakh 13400 Strike – 5.04 Lakh Put Writing 13300 Strike – 8.35 Lakh 13000 Strike – 6.20 Lakh 13200 Strike – 4.67 Lakh Index has immediate resistance near 13400- 13500 range...
Horizontal trend line break out. Can enter at 195 with Targets of 210 and 220. SL 175