Community ideas
First Test - video and ruleThis is more like recording what I am doing everyday (right or wrong, mostly wrong I think) so that I can come back and see where I need to change, what I need to improve.
I am using the Linear Regression for direction and checking extreme ends for entry/exit. I think that LRC is good for intraday trading since you get both the things on the screen. However, also need to be careful and put your stop as well since LRC is lagging and also repaints.
I am putting this up for record so that I can revisit and learn. This is not a recommendation of any sort, just trying to make a habit of following a rule.
NIFTY Prediction for tomorrow 26 Mar 24As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support.
PCR = 1.24 (Highly Bullish)
Important Levels: marked on chart
Support: 22000 , 21930
Resistance: 22164, 22428
Verdict: Bullish
Plan of Action:
Sell 22164 CE & 22000 PE. Exit one leg if it breaks the zone. (hedge with 20/- PE)
XRP is making its MOVE for 20% by March endBYBIT:XRPUSDT BYBIT:XRPUSDC BINANCE:XRPUSDT BINANCE:XRPUSDT.P
Prediction for this Week(25-03-2024 till 31-03-2024)
XRP is the Verge of 20% explosion by this weekend The expected Target for this week will be $0.7 to reach to the Target we might see Resistance @ 0.65-0.66 Price range or possibly if the fluctuation will be HIGH then XRP will break the Resistance and Directly reach to the Target Price in this week and eventually the $0.65-$0.66 range will later act as Support for the Next Bullish Momentum.
Caution:
The shared price levels are my own personal analysis and should not be considered for any financial Decision. Kindly Do your own analysis for any Trade execution and financial Decision and take financial advisor advice.
Bullish View on Gold - Can go up to $2358Bullish View on Gold - Can go up to $2358
A bullish view on gold suggests an expectation for the price of gold to increase. This outlook is often driven by various factors such as economic uncertainty, inflationary pressures, geopolitical tensions, or a weakening US dollar. Investors with a bullish stance on gold anticipate that these factors will lead to increased demand for the precious metal as a safe-haven asset and store of value.
In the context of trading view, a bullish projection for gold could involve technical analysis indicating upward momentum, such as bullish chart patterns, positive indicators like moving averages or RSI, or a breakout above key resistance levels.
With an expectation for gold to rise to $2358 in trading view, investors may believe that the current market conditions and trends support a significant appreciation in the price of gold. This price target could be based on technical analysis, fundamental factors, or a combination of both.
Ultimately, a bullish view on gold reflects optimism about its future performance and potential for price appreciation in the trading market.
A 50-day moving average (50 DMA/SMA/EMA)A 50-day moving average (50 DMA) is a technical indicator that shows the average closing price of a security over the last 50 days. It's a popular indicator because it's realistic and effective at showing historical price movement trends.
Concept of 50 Moving Average
1. Entry
- Candle crossover 50 MA: This refers to a situation where the closing price of a candle crosses above the
50-period moving average line. When the candle's closing price moves from below the 50 MA to above it,
it indicates potential upward momentum in the price action. This could signal a bullish trend or a potential
buying opportunity.
2. Exit:
- Distance between 50 MA and Candle: This involves monitoring the distance between the closing price
of the candle and the 50-period moving average. If the distance becomes significantly large, it may indicate
an overextended market and a potential reversal. Traders might consider taking profits or preparing for a reversal
signal.
- Candle crossunder 50 MA: This occurs when the closing price of a candle crosses below the 50-period
moving average line. It suggests potential downward momentum in the price action. This could signal a bearish trend
or a potential selling opportunity.
3. No Trade Zone (Sideways):
- Use Box Breakout Strategy: In a sideways or ranging market where the price moves within a defined range,
a breakout strategy can be employed. A box breakout strategy involves identifying a range-bound market where the
price oscillates between a support and resistance level (forming a box-like pattern). Traders look for breakouts
above the resistance or below the support level to initiate trades. This helps avoid trading during periods of low
volatility and indecision, typical of sideways markets, and instead focuses on capturing potential momentum during
breakout movements.
NIFTYSMLCAP250 : A short term rally of about 12% on the cardsExpecting a move of about 12% to the all time high, in the near term, with a downside risk of about 23%.
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
Kotak Bank AnalysisTop Down analysis of Kotak Bank chart on Technical Basis.
Entry on Monthly closing above 1231 for long term. SL will be recent swing low.
Precise entry can be taken as per daily and weekly chart BO mentioned in the video.
#Kotakbank
- Long Term Uptrend + Rectangle pattern near ATH is under formation
- IHNS BO in daily time frame
- Triangle pattern in weekly/ daily time frame.
All above hints toward a upward journey after breakout.
BTCUSDT : History might repeat itselfThe market is currently moving within an ascending channel formation after breaching the all-time high of 69,000 level. There is a high probability that the market could reverse with momentum, similar to past occurrences.
Therefore, it might be wiser to refrain from participating in the current valuation. Instead, consider taking a step back and waiting for more clarity rather than getting involved in this FOMO (Fear of Missing Out) rally.
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations. [/quote ]
Banknifty prediction for tomorrow 19 Mar 24As we discussed in our analysis market closed sideways today.
I am expecting market to be sideways for tomorrow.
all important levels have been marked at the chart.
Support: 46343, 46000
Resistance: 46690, 46900
Verdict: Sideways
Plan of action: Sell 46300 PE and Sell 46700 CE (Hedge it with 20/- premium )