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.
Pivot Points
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.
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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
Midnifty Intraday Analysis for 8th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 26.07 Lakh is at 11000 strike followed by 15.90 Lakh at 10900 Strike and Put writing of 39.78 Lakh at 10700 Strike followed by 25.29 Lakh at 10800 Strike. Index is closed above support level of 10800.
As the more put writing is building up at 10800 and 10700 strike the support level is shifting up with big support near 10700 - 10800 level. Index is expected to trade between 10730 - 11025 level.
If Index goes above 10880 level and unwinding of Call position at 10900 strike then index may touch to resistance near 11025 level.
If Index down to 10800 level and Put Position is building up at 10800 Strike then index will bounce and goes near 11025 level.
Finnifty Intraday Analysis for 8th April 2024NSE:CNXFINANCE
Maximum Call writing is at 21700 strike with 10.46 Lakh followed by 9.55 Lakh Call at 21800 Strike. Maximum Put writing is at 11.46 Lakh at 21200 strike followed by 11.07 Put writing at 21300 Strike. The support level is shifting above to 21200 - 21300 range.
If index crossed above 21630 level and unwinding of Call positions at 10600 and 10700 strike taking place then index may reach near 21700 level. Support is near 21300 level.
If Index fall to near 21300 level and Building up Put option taking place at 21300 and 21200 strike then index may bounce to resistance level 21630 level.
Reversal of short term trend may be seen below 21200 level which is unlikely situation in near term.
Banknifty Intraday Analysis for 8th April 2024NSE:BANKNIFTY
Highest Call writing of 22.18 at 48500 strike followed by 19.08 Lakh at 48000. Highest Put writing of 37.54 lakh at 48000 strike followed by 27.22 Lakh at 47500 strike. Fresh Call writing of 17.33 Lakh is building up at 49000 strike. Support is shifting up to near 47700 level.
If Index crosses 48640 and sustain then it may go near 49000 level. Trailing SL near 48150 level.
If Index down to 48000 and Building of Put position at 48500 strike then index will bounce back to near ATH resistance level.
Reversal of short term trend only possible below the 47700 level which is less likely in the near term.
Nifty Intraday Analysis for 8th April 2024NSE:NIFTY
Highest Call and Put writing is at 22500 strike with 53.89 Lakh Call and 61.44 Lakh Put. 2nd highest Call writing of 60.59 Lakh at 22800 Strike and Put writing of 53.82 Lakh at 22400 strike. Support level is shifting up near 22300 - 22400 level.
Index is closed near 22525 resistance level. If index crossed 22580 level unwinding of Call and / or Building of Put taking place at 22500, then index may touch 22800 level.
If index goes near 22400 level and Building of Put taking place at 22500, then index may bounce to 22525 level.
Reversal of short term trend possible if index fall below 22300 level and unwinding of Put at 22500 taking pplace.
DASH: Inverse Head and Shoulders Sparks Bullish Frenzy! 🚀💎 Paradisers, #DASH has formed an inverse head and shoulders pattern, signaling a potential bullish reversal. If #DASHUSDT manages to break above the resistance zone, confirming the pattern, we can anticipate targets towards the next resistant levels, as this pattern often indicates a shift in market sentiment from bearish to bullish.
💎In the event of a pullback, we may expect a bounce from the bullish OB, which typically serves as a significant support level in a bullish market structure.
💎However, if the price breaks down below both of our key levels, it may be prudent to exercise caution and refrain from immediate action. Waiting for clearer price action to develop before making any trading decisions could be a wise approach in such scenarios.
Midnifty Intraday Analysis for 5th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 12.22 Lakh is at 10800 strike followed by 9.64 Lakh at 10900 Strike and Put writing of 14.01 Lakh at 10700 Strike followed by 13.30 Lakh at 10800 Strike. Index is closed above support level of 10800.
As the more put writing is building up at 10800 strike the support level is shifting up with big support near 10600 - 10700 level. Index is expected to trade between 10700 - 10925 level.
If Index is down near 10700 level and Call position building up at 10700 and 10800 strike then index will bounce to resistance near 10925 level.
If Index goes near 10925 level and Call position building up at 10900 strike then index will retrace to 10800 level and if Call position unwinding takes place at 10900 level then index will go near 11000 level.
Finnifty Intraday Analysis for 5th April 2024NSE:CNXFINANCE
Maximum Call writing is at 21400 strike with 5.76 Lakh followed by 5.23 Lakh Call at 21500 Strike. Maximum Put writing is at 9.59 Lakh at 21000 strike followed by 8.56 Put writing at 21100 Strike. As the Option writing is widening up, the trade range is also widening between 21000 - 21100 support and resistance near 21600 - 21630 level.
If index crossed above 21455 level and unwinding of Call positions at 10400 strike taking place then index may reach near 10600 - 10630 level. Su [port is near 21225 level.
If Index fall below 21225 level and unwinding of Put option taking place at 21300 and 21200 strike then index may go near 21070 support level which is unlikely situation.
Banknifty Intraday Analysis for 5th April 2024NSE:BANKNIFTY
Highest Combined Call and Put writing at 48000 strike with 19.88 Lakh Call and 18.88 Lakh Put writing. 2nd highest Call writing of 12.79 Lakh at 48500 strike and Put writing of 16.57 Lakh at 47500 strike. The Support level is shifting up.
If Index crosses 48250 and sustain then it may go near near All Time High (ATH) resistance near 48600 level. Trailing SL near 47900.
If Index down below 48000 and Unwinding of Put Option taking place at 48000 level then index may go near 47750 then 47500 level. This scenario is less likely but anything can happen.