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Pivot Points

Can we see more fall in NIFTY ?Hey Hardworking traders! Here's a quick update on the Nifty 50 index's recent journey and its future outlook- Nifty highlights: >>So, It has been a roller coaster ride for NIFTY, It has witnessed multiple obstacles, Be it after Covid affects be it Russia-Ukrain war, High inflation and interest rate hike. >>These macro incidents combined together resulted Index to stay sideways. But the game changed in June, when it broke out and nearly touched 20,000. Current Market updates/My views >>Right now It seems to be in a correction mode and hanging around 19300 level. "Looking at the chart, we can draw a line connecting the highest points, showing the resistance at 18800. Also, using the pivot point indicator, we identify a support level at 18800. >> Do not get worried here, Think like this way, Every time an Index or a stock gives breakout then it suppose to retrace all the way to its Breakout level, which makes its breakout more prominent. >>Though the numbers are dropping, does not mean the celebration is over. Track closely how it behaves near the new support area and plane your Trades accordingly. If it retraces to Breakout level I am going to aggregate more. Keep in mind, Technical helps but it is just one part of the equation. So, stay updated with the world news, Big Financial decisions and market sentiments to understand the complete picture. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Note: This is for informational purposes only. Do your own research before investing.
NSE:NIFTY
by BullishLine
#BTC 🟢 M15 LONG (Bitcoin). Long awaited failure 📣For more than one week, Sellers have been gaining selling positions... Although they haven't reached the main selling zone 32k. But there was an impressive sale .. and at the same time, grandiose discounts for 26.2K, who didn’t have time - he didn’t have time) On the retest of the M15 imbalance near our D1 Buy Zone, we expect a hike up and a breakout of the long-awaited level of 31K. Entry price below market opening price.(✔️) M15 imbalance at the potential of the D1 range.(✔️) Below the First Buyer of Exchange Options.(✔️) According to CFTC futures reports, SHORTS prevail so far. 12851/14261 .(⚠️) input: 26560 (on test/retest) sl: 26223 tp1: 26898 tp2: 27566
BITSTAMP:BTCUSDLong
by TrEKone
Huge breakout in Morganite crucible.Hello Smart traders Hope you are doing exceptionally well in you Trading journey. This time we will discuss about another beautiful breakout stock Morganite Crucible (India) Ltd. Technical- Morganite Crucible (India) Ltd has shown a rectangle channel pattern breakout. It spent six years in a consolidating phase. During this time, it consistently tested its resistance level, moving back to its strong support. Recently, it retested its resistance once again, undergoing a pullback. However, this time, it found support at its pivot point, resulting in a significant bullish candle that broke through the resistance with strong momentum and higher volume. We can anticipate a higher returns as consolidation phase was really long. Entry and Stop-loss level. Currently, the stock is trading above the trend line and maintaining its bullish trend. If this upward movement continues and remains above the line, particularly beyond the R2 level at 1246, it could be a favorable time to consider investing in this stock. To manage risk, setting a stop loss just below the R1 level, around 1130, is recommended. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
BSE:MORGANITE
by BullishLine
"Beautiful Breakout in ESAB India: Unlocking Potential.Welcome back again. Today we will discuss about ESAB INDIA. >>Esab India was consolidating in rectangle channel pattern for 20 months. two weeks back it has given a breakout and retraced till its BZ. >>Again last week it has took support from crucial pivot point and bounced back with a good healthy green candle along with good momentum. >>Today this stock seems to continuing its bullish trend while overall market is being bearish. We can see from chart its consolidation phase was fairly long, so, we can anticipate a big run up from here. >>Now talking about its fundamentals, ESAB India Ltd is a leading supplier of welding and cutting products in India with the market cap of 7,849cr. Take a look Some financial pointers of this stock- *The company is debt-free. *ROCE (Return on Capital Employed) is at an all-time high of 71%. *Earnings show strong potential for future growth. *The PE (Price-to-Earnings) ratio is currently at 51. *Historically, the PE ratio has been at a higher level (66) for the past two years. *Given the past PE levels, the current PE of 51 appears reasonable and undervalued. *Considering these factors, it's a potential candidate for long-term investment. If you do not have a long vision in this stock then do utilize your Risk-Reward Ratio based on Your Risk Appetite. Level of 4500 stop loss makes lot of sense in this one. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:ESABINDIA
by BullishLine
TVS Motor Stock Support and ResistanceUsing the Volume Profile Indicator to Find Support and Resistance in TVS Motor Stock The volume profile indicator is a technical analysis tool that can be used to identify support and resistance levels. In this article, we will use the volume profile indicator to analyze the TVS Motor stock on the daily chart. We will identify the high volume nodes on the volume profile and consider these price levels as potential support and resistance levels. We will also provide some additional tips for using the volume profile indicator to find support and resistance. Here are the steps on how to use the volume profile indicator to find support and resistance: Add the volume profile indicator to your chart. The volume profile indicator will plot a histogram on the chart, with each bar representing the volume traded at a specific price level. Identify the high volume nodes on the volume profile. These are the price levels where the most volume was traded. Consider these high volume nodes as potential support and resistance levels. Here is an analysis of the TVS Motor stock on the daily chart using the volume profile indicator: The high volume nodes on the volume profile for TVS Motor are at 1298.50, 1327.45,1341.50 and 1367.40 These price levels are potential support and resistance levels for TVS Motor.
NSE:TVSMOTORLong
by TRADING-NASA
MEDPLUS Episodic Pivot Trade IdeaMEDPLUS had an episodic pivot and gave a good retracement near its previous support and now is clearly respecting its 50 day moving average which is a clear indicator of strength in the scrip. Good opportunity to go long. *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:MEDPLUSLong
by nishant_bhatt
#BTC 🟢 M15. Buy. (#BITCOIN)Range H4, within which the price has been moving stubbornly for more than three weeks. After the enchanting liquidation of all longists by one hourly candle (who expected continued growth above 31K), an imbalance formed at the lower boundary of the H4 range, which I decided to take into work. But he predicted the development of events for Monday, when all markets will be active and volumes will come in. The long-awaited entry point, I did not expect that there would be an activation on the weekend, but it happened :) M15 unbalance test, and instantly backlash like a spring to the first target. The entry point is excellent, the price movement potentials are good. I will close the targets within the H4 range and a little higher, at the unclosed potential of the previous H4 range (31744) Another target as an experiment (additional order) is 34400. Since something tells me that this will be the last long in our current H4 range, after which the price will break through it and fly to test the resistance of D1. The price has gone under the First Buyer of stock options very much. (and this is currently 31500) The buy price is below the market opening price. (✔️) The purchase price is at the lower boundary of the H4 range. (✔️) The purchase price is below the volume bearish candle. (✔️) M15 Unbalance at the lower limit of the range H4. (✔️) entry point: 30160 (on imbalance test) stop: 29971 tp1: 30345 tp2: 30724 tp3: 31121 tp4: 31744 tp5: 34400
BITSTAMP:BTCUSDLong
by TrEKone
Nifty Confirm Targets for Monday Accurates Levels to Buy Call option 0r Put option Support Zones for Nifty are as Given Below S1- 19250 S2- 19200 S3 -19050 Resistance Zones for Nifty are as Given Below R1- 19420 R2 -19520 R3 -19620 nifty Option Chain Analysis for Intraday Trading PCR ratio as per Option Chain Analysis - 0.82( Bearish) Max Pain As per Option Chain Analysis -19500 Major Resistance as Per nifty Open Interest Analysis -19400 / 19500 Major Support as Per nifty Open Interest Analysis -19300 / 19000 nifty Long Opportunity tomorrow in Intraday Trading - If nifty Sustain Above 19420 then its Buying Opprtunity and Target is 19520 Next Buying Opprutunity is Above Resistance 19050 Nifty Short opportunity tomorrow in Intraday Trading - we can take short trade at retest near Resistance 19400 then its Good shorting Opprtunity and Next shorting Opprutunity is Below 19190
NSE:NIFTY
by manojshinde27
2
#EURUSD. 🔴 M15. Short. (#EuroUSDollar). The Entry Price is higher than the Market Opening Price.(✔️) M15 imbalance on the potential of the H1 range. (✔️) Below the level of the First Seller of stock options. (⚠️) ps since the price is in search of a new range, we can try to sell from this reversal structure in order to pick up the corrective movement. But perhaps there will be a change of trend in this place. We'll see. According to my entry point, the first target has already worked out, and now the imbalance is retested. entry: 1.10066 (on imbalance test) stop: 1.10322 tp-1: 1.09799 tp-2: 1.09276
Short
by TrEKone
Nifty 50 - 12 July 2023I have been explaining the levels and logics behind my trades in my videos. Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel. Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria. Do follow and subscribe if you like the analysis . I expect the market to be Bullish tomorrow. Trade or invest according to your analysis. This is just my view. <----- 3MRT Trading ----->
NSE:NIFTYLong
by Harish-P