Nifty buy on dip until 23200 not break levels on chart How to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Community ideas
Gold mcx fall after Budget as expected, tarrif is negative alsoHow to take trades using Harmonic pattern projection Trade setup is explained below :-
To take Fresh trade : EARLY etry willl be above/ below 13.5% level . Safe traders can enter above or below 27.3% level
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Midcap ETF forming Dual Rounding PatternThe ICICI Prudential Midcap ETF is currently exhibiting a technically significant dual rounding pattern on its chart, with one smaller rounding top pattern nested within a larger, longer-term rounding formation. The 21 level has emerged as a strong support zone. A breach of this level would likely activate the smaller rounding top pattern, potentially leading to a further decline toward the 19 level.
The ETF initially displayed a bullish structure characterized by higher highs and higher lows, but has now shifted to forming lower highs and lower lows, a common early indicator of a trend reversal from bullish to bearish. This suggests that while the market is in the early stages of this reversal, it's too soon to definitively call the transition.
Volume analysis plays a crucial role in confirming price action, as volume tends to be a more reliable indicator. In the recent chart movement, a clear volume divergence was observed during the last upward move, indicating weakening buying interest. Conversely, there has been volume agreement during the recent price decline, further supporting the possibility of a bearish shift. Close monitoring of volume trends will be essential in confirming this potential reversal and avoiding any price manipulation signals.
****Nifty Midcap forming same pattern but we analyze this because we will do Price Volume Analysis***
BTC EW Update 01-febIn reference to my earlier post,
As I mentioned in my analysis it Can be a Leading diagonal structure.
It has turn out almost the same. Under the rules of LD wave 4 is overlapping wave 1 and and wave 3 is not extended and wave 5 is more than 61.8% hence extended and move from wave 5 to downside as 3-3-3 WXY correction has broken the trendline as normally happens with the LD and now we are looking for completion of wave Y and than break out 38.2% of last fall and long for next upside. Invalidation point is break of low of 1.
Than this structure will turn out in Triple Zigzag.
HUL wait for Pull back and then EnterHUL has just completed the downward Impluse and complex correction (W-X-Y). Although today it showed the strength to move upward, however it looks like there is need for one pullback before the upward Journey.
Chart Speaks everything.
Disclaimer: I am not SEBI registered member, these Ideas meant to be only for Educational Purposes.
Budget 2025# Investment Opportunity # DMART+ Fundamentally DMART has a stellar performance
+ Budget 2025 provides tail winds to FMCG and Consumption sector
+ While Nifty has fallen 11-12%; DMART took a knock of about 40% (oversold)
+ Price bounced from multi week support of about 3400
+ On Weekly chart - RSI at 30 lvl and rising
+ On Weekly chart - MACD Histogram turning +ve
+ Volumes picking up
Buying levels on Chart
#NH - Breakout Soon Candidate / Keep in Watchlist / Feb'25📊 Script: NH
Key highlights: 💡⚡
📈 VCP Formation in Daily chart.
📈 Price gave a good up move.
📈 Went into a Side Ways consolidation for over a Nine months.
📈 Volume spike seen in past
📈 MACD Cross Over.
📈 One can go for Swing Trade.
🟢 If you have any questions regarding the setup, please feel free to leave your inquiries in the comments, and I will respond promptly.
BUY ONLY ABOVE 1415 DCB
⏱️ C.M.P 📑💰- 1357
🟢 Target 🎯🏆 – NA%
⚠️ Stoploss ☠️🚫 – NA%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅#Boost, #Like & #Follow to never miss a new idea! ✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with MMT. Cheers!🥂
Melania - BuyIn chart there is slight RSI Divergence now indicating Buy side which could push price up in coming days along with BTC trend. In my view melania and trump coins are not completely shit coins since they are in power now so their coins will be used to pay get job done or it could be used in big circles related to us govt and etc etc. so as the new govt complete months and years they will be approving new projects, and these two coins could be used to pay commission etc
XAGUSD all set to Outperform US30, Short Term Buy Signal!#XAGUSD #US30
Attached: Daily Ratio Chart as of 31st Jan 2025
BULLISH SETUP
- Breakout from Triangle to start an Impulse Rally for the Ratio meaning Money to shift from US Markets to Precious Metals
- This is Positive for the Price of XAGUSD and Negative for the Price of Dow Jones (or US30)
Weekly Breakout - Feb 1st Week / Best Stock To Watch Now ⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅#Boost, #Like & #Follow to never miss a new idea! ✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with MMT. Cheers!🥂
WHAT DOES BITCOIN'S DOMINANCE TELL US?CRYPTOCAP:BTC.D 1D
1. From the point of view of technical analysis, the classic double top has formed
2. From the point of view of volume patterns, the downward movement of dominance will confirm the pattern highlighted by the red arc
EXPECTATIONS: Given the stable inflows into the ETHERIUM of ETF, which is the driver of the altseason and the main factor in reducing dominance, I expect a drop to 56.75% in the next 2-3 months, correction and further drop to 55.2%
(pleasant aroma of the altseason in the air)