Infosys buy on dip we will see 8-10% upside in 1-2 monthsOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Pivot Points
VTL Near BO [Weekly]VTL nearing a large BO that too on weekly timeframe. I really like looking out for large weekly BOs especially with the pattern on the chart right now. They work pretty well for me as well.
Some RS numbers for VTL to see how progression as been in strength:
28th Mar - 56
5th Apr - 50
12th Apr - 59
19th Apr - 59
Despite a volatile week, we can see it holding up its performance atleast. Ideally it should have been improving the strength numbers to give more confidence to buy.
Tracking for now, might take a small position as near BO, sometimes an episodic movement happens, Market is not that great tbh (too many thoughts here, haha)
SKL: Trap placed with bullish intentions💪💎 Paradisers, I am expecting that #SKL might trap buyers who entered based on the supportive trendline, given that the short-term trend remains bearish.
💎If #SKLUSDT displays a Change of Character (CHoCH) and Break of Structure (BOS) from the key level, then a bounce could be expected.
💎Should there be a breakdown of this key level without any bullish signals, we might then anticipate a bounce from the demand level. However, we'll need to watch for bullish signs before considering any positions.
💎 UNIUSDT: Potential bounce waiting for us.💎 Paradisers, #UNI is exhibiting a bullish market structure & has taken liquidity by breaking below the supportive trendline.
💎 You might have noticed that #UNIUSDT has bounced precisely from the bullish Order Block (OB), indicating that pending orders have been filled at this level. However, for confirmation, we need to see signs of a Change of Character (CHoCH) and a Break of Structure (BOS), and remember, the market is bearish in the short term, so caution is advised.
💎 If the price continues to break down below this point without any bullish signals, then we might expect a bounce from the demand level, but we'll need to see bullish signs for confirmation here as well.
💎 If the price further breaks down below these levels, it would be wise to wait for better price action to develop before making any decisions.
Keep a close watch on STORJUSDT 🚀💎 Paradisers, #STORJ has demonstrated a Change of Character (CHoCH) indicating a shift towards a bullish market structure.
💎If the #STORJUSDT continues to show CHoCH and a Break of Structure (BOS) from this support point, we can anticipate a bounce.
💎Should there be a breakdown of this support zone without any bullish signals, then a potential bounce from the lower bullish Order Block (OB) might be expected, though confirmation will be necessary before taking action.
RLC: 📈 Watch for potential opportunities.💎 Paradisers, #RLC is exhibiting a bullish market structure and might gather liquidity before reaching the bullish Order Block (OB).
💎If #RLCUSDT displays a Change of Character (CHoCH) and Break of Structure (BOS) from the bullish OB, we can anticipate a bounce from that point.
💎Should the bullish OB break down without any CHoCH or BOS, a bounce from the demand area might be expected, but we'll need confirmation before proceeding.
💎If the price breaks down both of these levels without any confirmation, it would be prudent to overlook #RLC for the time being.
Nifty Trading Plan with Confirm Targets April 2024 Nifty Confirm Targets
Nifty Importent Supports
1. 22080
2. 21930
3. 21810
4. 21710
Nifty Importent Resistance
1. 22180
2. 22280
3. 22330
4. 22380
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 0.92 ( Bullish)
Max Pain As per Option Chain Analysis - 22250
Major Resistance as Per Nifty Open Interest Analysis - 22300
Major Support as Per Nifty Open Interest Analysis - 21800
Long Opportunity in Nifty Trading
This week First Buying opportunity will be above 22080 / 22380
Short opportunity in Nifty Trading
If nifty Sustain below 22280/22300 then try to Short nifty or buy nifty Put option Contract keep a small stop loss
OP: Keep watch for potential longterm bullish signs. 🚀💎 Paradisers, #OP is going to approach the BB zone, or in simpler terms, a previously broken resistance zone that could now act as support.
💎If #OPUSDT exhibits a Change of Character (CHoCH) and Break of Structure (BOS) from this area, we can anticipate a bounce from this level.
💎Should this level break down, our next area to watch for a potential bounce is the demand level, though we'll need confirmation before proceeding with any trades.
💎However, if the price breaks down through both these levels without confirmation, a bearish move might be expected. Nevertheless, I am not focusing on bearish strategies at the moment and would advise caution with short positions for now.
Midnifty Intraday Analysis for 16th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 5.07 Lakh is at 10800 strike followed by 2.79 Lakh at 11000 Strike and Put writing of 4.88 Lakh at 10800 Strike followed by 4.55 Lakh at 10600 Strike. Index is closed above support level of 10800.
Index may face resistance near 10880 - 10930 level and less likely expected to go beyond 10950 level due to Israel Iran War Tension
If Index has support near 10600 level if index fall and sustain below 10650 level.
It is expected that the index trade around 10800 level if was tension is not escalated much.
Keep an eye on #BELUSDT as it approaches key levels.🚀💎 Paradisers, for #BEL, we may anticipate a bounce from the supportive trendline, especially as the price has shown a Change of Character (CHoCH) towards a bullish market structure, which enhances the likelihood of a bullish move.
💎 If #BELUSDT finds support at the supportive trendline and bullish Order Block (OB), and demonstrates CHoCH and Break of Structure (BOS) on lower timeframes, then a rebound is expected.
💎 However, if there's a breakdown of the bullish OB and supportive trendline, a bearish trend might unfold, but I would prefer to disregard any short-term bearish movements for now.
Keep a close eye on BCHUSDT as it approaches crucial levels👀💎 Paradisers, #BCH is approaching the supportive trendline and the previously broken resistance area, which might now serve as a support.
💎If #BCHUSDT breaks its higher low and exhibits signs of a Change of Character (CHoCH) and Break of Structure (BOS) from this support zone, we can expect a bounce to the next swing resistance.
💎However, if there is no confirmation and the support zone along with the supportive trendline break down, it will be viewed as bearish. Nonetheless, there is another support zone below this, which is considered stronger. Even so, confirmation is crucial before taking action there as well.
Get ready for potential action with FTMUSDT💎 Paradisers, #FTM is currently exhibiting a bullish market structure, with the price approaching the Bullish Order Block (OB).
💎If #FTMUSDT displays a Change of Character (CHoCH) and Break of Structure (BOS) within this zone, we can anticipate a rise up to the next swing resistance.
💎Should the bullish OB breakdown occur without any CHoCH and BOS on the bullish side, a bounce from the demand area might be expected; however, confirmation is necessary before making any entries.
💎If both the bullish OB and demand area break down, it would be prudent to wait for more favorable price action to develop.
Exciting times ahead with CTSIUSDT! 🚀💎 Paradisers, #CTSI is demonstrating a Change of Character (CHoCH) indicative of a shift towards a bullish market structure.
💎If #CTSIUSDT presents a CHoCH and Break of Structure (BOS) from the bullish Order Block (OB) and supportive trendline, then a bullish trend is likely to emerge.
💎Should there be a breakdown of the supportive trendline and the bullish OB, a bearish trend might ensue, though in such instances, I would suggest focusing on scalping opportunities.
BCH: We might see a rebound from there.🚀💎 Paradisers, #BCH is currently experiencing panic selling, and I am expecting a potential breakdown of the supportive trendline to gather liquidity for an upward trend.
💎If #BCHUSDT breaks below the trendline and exhibits a Change of Character (CHoCH) and Break of Structure (BOS) from the bullish Order Block (OB), which coincides with the Fibonacci 0.618 level, we might see a rebound from this point.
💎However, if the price falls below this level, it would typically be considered bearish. In this scenario, I would recommend not focusing on this move.
CDSL W Flag breakoutDemat account hits new high in FY24, 31 lakh more additions in March
Rectangle box consolidation and flag breakout with good volume. Targets in chart. Could see breakout on Weekly RSI on zooming very close. If chart adjusted for dividends, Weekly RSI breakout is visible. 35% upside potential.
It looks like #API3USDT is gearing up 🚀💎 Paradisers, #API3USDT going to take inner range liquidities by trapping traders through a breakdown of the channel.
💎To confirm this move, we'll need to see CHoCH & BOS indicating a shift towards bullish market structure from the bullish OB.
💎If #API3USDT manages to break above the resistant level, we can anticipate targets being set until the next resistant levels.
💎However, if the price breaks down below the bullish OB or the low, it may be interpreted as bearish. In such instances, it might be prudent to abstain from trading until clearer price action emerges.
Looks like ADA has pulled a sneaky move on traders🕵️💎 Paradisers, it seems that #ADA has trapped traders who entered based on the breakout of the cup & handle pattern.
💎Nevertheless, should #ADAUSDT breach above the previous high, we may anticipate a bullish move, especially considering the bullish market structure signaled by CHoCH & BOS.
💎In the event of a pullback, we could foresee a bounce from the demand level.
💎However, if the price breaks down below the demand level, it may be viewed as bearish, particularly due to CHoCH towards bearish structure. In such cases, it might be advisable to execute scalp trades or abstain from trading, especially for those new to trading.
ICX: Bullish Reversal Ahead?🚀💎 Paradisers, it appears that #ICXUSDT has formed an inverse head and shoulders pattern, which often signifies a potential bullish reversal.
💎Should #ICXUSDT successfully breach the resistance level, it would confirm the inverse head and shoulders pattern, potentially leading to a bullish movement.
💎In the event of a pullback, we may anticipate a bounce from the bullish Order Block (OB) due to the prevailing bullish market structure.
💎However, if the price breaks down below the bullish OB without clear confirmation, it might be wise to exercise caution and await more favorable price action before considering any trading decisions.
💎 Keep a close eye on HOTUSDT💎 Paradisers, #HOTUSDT has broken out of resistance, which may now act as support.
💎If #HOTUSDT demonstrates CHoCH after taking support from this level, it could signal a bullish move, possibly indicating an attempt to attract external liquidity.
💎In the event of a breakdown below this support, we may anticipate a bounce from the bullish Order Block (OB). However, confirmation with CHoCH at this level is essential.
💎Nevertheless, if the price breaks down below the bullish OB without any confirmation, it might be prudent to refrain from trading until clearer price action emerges.
MyCryptoParadise
iFeel the success🌴
Finnifty Intraday Analysis for 9th April 2024NSE:CNXFINANCE
Maximum Call writing is at 21600 strike with 22.43 Lakh followed by 21.14 Lakh Call at 21800 Strike. Maximum Put writing is at 23.37 Lakh at 21400 strike followed by 23.11 Put writing at 21600 Strike. The support level is shifting above to 21600 - 21600 range.
As the Maximum Call and Put writing is at 21600 strike and nothing change then index should close near 21600 level on expiry day. However, expected trading range may be 21500 - 21800.
If index crossed above 21650 level and unwinding of Call positions at 21600 and 21700 strike taking place then index may reach near 21800 level. If unwinding do not take place, then index may return near 21600 level.
If Index fall to near 21550 level and Unwinding of Put option taking place at 21600 and 21500 strike then index may touch 21400 level. If unwinding do not take place, then index may return near 21600 level.
E-Commerce Sector breakoutAmong E-Commerce sector, Zomato, Infoedge(Naukri), FSN(Nykaa), One97(paytm), Indiamart, Easytrip, Justdial are the top 7 companies by M.Cap.
Created custom index among 7 and shows clear breakout in weekly chart & RSI
Among them Infoedge is profitable in 5Y period with good technical chart but high valuations
Banknifty buy given at 47550 next Target 49160 , 49200On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Nifty buy given at 22460 , 22690 Target hit next Target 22860 On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit