Pivot Points
Bitcoin BTCUSD going up buying recommended near 40000 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
Bank Nifty Support and Resistance Zone (29/01/2024) Bank Nifty Support and Resistance Zone (29/01/2024):
#### Support Zone:
1. **Support Level 1:** 44,400 (If the market opens with a gap up, this level may act as support).
2. **Support Level 2:** 45,000 (Another potential support level if the market opens with a gap up).
#### Resistance Zone:
1. **Resistance Level 1:** 45,432
2. **Resistance Level 2:** 46,000
- 46,000 is a significant resistance level in Bank Nifty. Exercise caution as it might act as a strong barrier for further upside movement.
#### No Trading Zone:
- **No Trading Zone:** 45,400 to 46,000
- This range is considered a no-trading zone, indicating potential uncertainty. It's recommended to avoid trading within this range.
### Technical Analysis Insights:
- **Support Zones:** 44,400 and 45,000 are crucial levels where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement.
- **Resistance Zones:** 45,432 and 46,000 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements.
- **No Trading Zone:** Avoid trading in the range between 45,400 and 46,000 due to potential uncertainty.
- **Trade Cautiously:** Given the significant resistance at 46,000, it's advisable to trade cautiously and follow price action for clearer market direction.
M&M ready for upside move till recent low not break 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
Tomorrow bank nifty sell on rise after flat/gapup/gapdown open 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
Ustech started falling can fall more get 700 points on upmove 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
OFFS if break 6390 then 5000 levels will come avoid fresh buyingOn 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
NTPC ready for fall till 260 and beowOn 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
Bank Nifty Support and Resistance Levels (17/01/2024)Bank Nifty Support and Resistance Levels (17/01/2024)
#### Support Levels:
1. **Support Level 1:** 48,000
2. **Support Level 2:** 47,800
- If the market breaks below 48,000, it could signal potential downside movement.
#### Upside Resistance Levels:
1. **Resistance Level 1:** 48,213
- Waiting for sustained movement above 48,200 could signal a potential upside move.
2. **Resistance Level 2:** 48,300
3. **Resistance Level 3:** 48,400
- These levels represent potential barriers for upward movement.
### Technical Analysis Insights:
- **Support Zones:** 48,000 and 47,800 are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement.
- **Resistance Zones:** 48,213, 48,300, and 48,400 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements.
- **Breakdown Caution:** Trading below 48,000 might signify increased bearish sentiment and could lead to further downside movement.
- **Upside Breakout Confirmation:** Waiting for sustained movement above 48,200 could indicate a potential move towards higher resistance levels, but confirmation is essential.
NIFTY: 29DEC : Last Trading Day of 2023What is expected in last trading day of the year 2023:
Based on weekly pivots,as WR1 21636 was taken out on Wednesday 27 DEC, the next upside move expect is 21922.
As weekly camrilla 4th layer pivot WH4 21688 was taken out on expiry day with gap up ,then next move upside expected is WH5 21977.
Today on expiry day got multiple resistance @ 21779.
21779 was calculated by dividing WR1 21636 and WR2 21923 by two.
i.e (21636+21923)/2=21779
For the bullish VIEW:
If tommorow open flat above 21779 and able to break 21815 and sustain above it, then a bullish rally may be seen,either to 21923 or 21977
FSL BO [Weekly]FSL giving a BO on weekly timeframe, huge weekly base, One can see on the chart that this stock has mutiple entry points in future as well if the momentum keeps continuing.
Past 2 weeks volume has been more than average and is a good sign in the current market. Its moving with the market direction.
Keep an eye out for this.
Bank Nifty Support and Resistance Levels (12/01/2024)### Bank Nifty Support and Resistance Levels (12/01/2024):
#### Support Levels:
1. **Support Level 1:** 47,238
2. **Support Level 2:** 47,000
- If the market breaks below 47,000, there could be additional support around 46,950.
#### Upside Resistance Levels:
1. **Resistance Level 1:** 47,400
- This level might act as a resistance point, especially if the market opens with a gap-down.
2. **Resistance Level 2:** 47,600
- If the market opens with a gap-up and sustains above 47,400, 47,600 could become the next resistance level.
3. **Resistance Level 3:** 47,800
- Another significant resistance level, especially in case of a gap-up open scenario.
### Technical Analysis Insights:
- **Support Zones:** 47,238 and 47,000 are critical areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement.
- **Resistance Zones (Gap-up Open):** 47,400, 47,600, and 47,800 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements in case of a gap-up opening scenario.
- **Breakout Scenario:** A sustained breakout above 47,800 could indicate a potential upside move or a shift in sentiment towards more significant buying.
- **Caution on Breakdown:** Breaking below 47,000 might signify increased bearish sentiment and potentially lead to further downside movement.
KEC -Symmetrical Triangle breakout soon🚀#KEC International Ltd: Provides engineering, procurement, and construction (EPC) services for the Indian Railways.
-CMP 608
-Verge of Symmetrical Triangle #breakout
-Price is at the convergence of 20,50,200SMAs
-Inside Monthly CPR
-Volume Buildup
#BREAKOUTSTOCKS #IRCON #Nifty