Nifty Live Intraday Updates for 21-12-2023Nifty important levels to watch are as follows
📍 Support: 20980
📊Sell below: 20980 only on 15 minute candle closure below the level.
📉Target 1: 20900
📉Target 2: 20790
📍 Resistance: 21090
📊 Buy Above: 21090 only on 15 minute candle closure Above the level.
📈Target 1: 21160
📈Target 2: 21240
⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Search in ideas for "INDICATORS"
Crudeoil Important Levels to watch !CrudeOil important levels to watch are as follows
📍 Support: 6020
📊Sell below: 6020 only on 15 minute candle closure below the level.
📉Target 1: 5970
📉Target 2: 5900
📍 Resistance: 6100
📊 Buy Above: 6100 only on 15 minute candle closure Above the level.
📈Target 1: 6145
📈Target 2: 6200
📈Target 3: 6250
⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 20-12-23Nifty important levels to watch are as follows
📍 Support: 21430
📊Sell below: 21430 only on 15 minute candle closure below the level.
📉Target 1: 21380
📉Target 2: 21300
📍 Resistance: 20505
📊 Buy Above: 20505 only on 15 minute candle closure Above the level.
📈Target 1: 21550
📈Target 2: 21630
⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 19-12-23 !!Nifty important levels to watch are as follows
#Support: 21360
Sell below: 21360 only on 15 minute candle closure below the level.
Target 1: 21280
Target 2: 21150
#Resistance: 21455
Buy Above: 21455 only on 15 minute candle closure Above the level.
Target 1: 21500
Target 2: 21570
Target 2: 21700
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Banknifty Live Intraday Updates for 19-12-23 !BankNifty important levels to watch are as follows
#Support: 47800
Sell below: 47800 only on 15 minute candle closure below the level.
Target 1: 47670
Target 2: 47500
#Resistance: 48000
Buy Above: 48000 only on 15 minute candle closure Above the level.
Target 1: 48230
Target 2: 48500
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 18-12-23 !!Nifty important levels to watch are as follows
#Support: 21360
Sell below: 21360 only on 15 minute candle closure below the level.
Target 1: 21280
Target 2: 21150
#Resistance: 21490
Buy Above: 21490 only on 15 minute candle closure Above the level.
Target 1: 21570
Target 2: 21700
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Godrej Properties Ready to Fly !!#Godrej Properties showing strong signs for medium to long term.
#After a solid bull run since April 2023, consolidating for the past four months while maintaining a bullish structure.
#Weekly charts indicate a change-in-polarity pattern at Rs 1,500, confirming bullish sentiment.
#Detailed daily analysis reveals consistent trading above key moving averages and a bullish higher top higher bottom pattern.
#RSI consistently above 55 on all time frames, signaling a durable positive momentum.
#Anticipate upward movement with a potential target of Rs 2,125-2200. Recommend a stop-loss at Rs 1,500 for risk mitigation.
#CMP: 1784
#Potential Long Entry: 1800
Target 1: 2000-2050
Target 2: 2125-2230
Target 3: 2440-2490
#Stoploss: 1500
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join using details mentioned below the idea.
=> # Try our recently published indicators from the profile section if you find it useful give it a like.
=> # Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
CrudeOil Important Levels to watch CrudeOil important levels to watch are as follows
#Support: 5870
Sell below: 5870 only on 15 minute candle closure below the level.
Target 1: 5820
Target 2: 5740
#Resistance: 5955
Buy Above: 5955 only on 15 minute candle closure Above the level.
Target 1: 6010
Target 2: 6080-6085
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates For 11-12-23 !Nifty important levels to watch are as follows
#Support: 20930
Sell below: 20930 only on 15 minute candle closure below the level.
Target 1: 20885
Target 2: 20850
Target 3: 20800
#Resistance: 21010
Buy Above: 21010 only on 15 minute candle closure Above the level.
Target 1: 21050
Target 2: 21095
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Natural Gas important levels to watchNatural Gas important levels to watch are as follows
#Support: 214
Sell below: 214 only on 15 minute candle closure below the level.
Target 1: 211
Target 2: 206
#Resistance: 218.8
Buy Above: 218.8 only on 15 minute candle closure Above the level.
Target 1: 221.8
Target 2: 226.9
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
IRCON: Positive sustainable run upIntroduction:
NSE:IRCON , a leading construction and infrastructure company, is currently trading on the National Stock Exchange (NSE) at INR 58.55 . This technical analysis examines the stock's recent price action and provides a trading recommendation based on key technical indicators.
Technical Analysis:
IRCON is trading near the crucial Fibonacci level of 0.618 , attempting to break upwards. A bullish crossover has been observed in its Exponential Moving Average (EMA) and Moving Average (MA) indicators , suggesting a potential uptrend in the short term.
Additionally, the Parabolic Stop and Reverse (SAR) indicator is also favoring the bulls, which could signify a continuation of the positive price momentum.
Trading Recommendation:
Based on the above technical analysis, we recommend the following trade:
Entry: Buy IRCON at or above INR 58.55 (current market price)
Target 1: INR 61.30
Target 2: INR 64.20
Stop Loss: INR 55.50
Please monitor the stock for a breach of the Fibonacci level upwards before initiating a long position. The stop-loss order at INR 55.50 aims to protect capital against potential price declines.
Disclaimers and Disclosures:
This analysis is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any security. The author is a not a technical analyst and not a registered financial advisor. The opinions expressed herein are solely those of the author and do not represent the opinions of the Premium wealth management firm.
Past performance is not indicative of future results. Investing in securities carries risks, including the risk of loss of principal. Investors should conduct their own due diligence and consult with a professional financial advisor before making any investment decisions.
Disclosure: The author may or may not have any positions in the securities mentioned in this analysis at the time of publication.
Nifty Live Intraday Updates for 07-12-23 !
🐂 Market Outlook
📈 NIFTY continues its upward trend, while Banknifty indicates signs of profit booking.
📊 Chart Analysis:
NIFTY exhibits a hanging man, while BANKNIFTY shows a bearish engulfing, suggesting a potential pause or dip.
📈 Open Interest:
Option chain remains neutral with support at 20900 and resistance at 21000.
🔄 PCR (Put-Call Ratio):
PCR at 0.8 indicates a neutral sentiment.
💹 FII Option Activity:
Net positive as 2L calls and 1.7L puts bought.
📉 FII Futures Data:
Bullish trend with a 2000 Crores buy; Overall OI turned positive at 23K qty.
💼 FII Stock Data:
Minor 80 Cr sell, indicating a relatively small impact.
Nifty important levels to watch are as follows
#Support: 20850
Sell below: 20850 only on 15 minute candle closure below the level.
Target 1: 20785
Target 2: 20665
#Resistance: 20970
Buy Above: 20970 only on 15 minute candle closure Above the level.
Target 1: 21040
Target 2: 21150
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday updates for 24-11-2023Nifty important levels to watch are as follows
#Support: 19785
Sell below: 19785 only on 15 minute candle closure below the level.
Target 1: 19730
Target 2: 19640
#Resistance: 19835
Buy Above: 19835 only on 15 minute candle closure Above the level.
Target 1: 19880
Target 2: 19930
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
AUD/USD Sell Trade Based on Technical Analysis-Forex Pip TargetsDescription:
Embark on a lucrative trading journey with a compelling Forex opportunity that revolves around an AUD/USD sell trade, meticulously analyzed through advanced technical indicators. As the global financial markets continue to evolve, strategic traders are eyeing this potential profit-making scenario with great anticipation.
Technical Analysis Highlights:
Bearish Trend Confirmation:
Comprehensive technical analysis reveals a clear bearish trend in the AUD/USD currency pair. Multiple indicators, including moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence), align to signal a downward trajectory, providing a solid foundation for a sell trade.
Key Resistance Levels:
Critical resistance levels have been identified through careful analysis of historical price action. These levels act as formidable barriers, further validating the potential for a downward movement in the AUD/USD pair.
Chart Patterns:
Recognizing chart patterns is crucial in predicting market movements. The presence of bearish chart patterns, such as descending triangles or head and shoulders formations, adds weight to the sell proposition, enhancing the probability of a successful trade.
Forex Pip Target Projection:
In this sell trade opportunity, traders are encouraged to set a realistic pip target to maximize profits while managing risk effectively. The Forex Pip Target for this AUD/USD sell trade is conservatively projected at pips, offering a balanced risk-reward ratio.
Risk Management Strategy:
Implementing a robust risk management strategy is paramount in navigating the uncertainties of the forex market. Traders are advised to set stop-loss orders strategically, protecting their capital from unexpected market fluctuations. Additionally, monitoring the trade closely and adjusting stop-loss levels as the market progresses is essential for optimal risk management.
Conclusion:
Seize the moment and capitalize on this carefully analyzed Forex trade opportunity in the AUD/USD pair. The sell trade, backed by comprehensive technical analysis, presents a favorable risk-reward profile, making it an attractive prospect for traders seeking potential profits. Stay informed, stay strategic, and embark on this trading endeavor with confidence.
(Note: This description is a generic example and should not be considered as financial advice. Always conduct thorough research and consider consulting with a financial professional before making trading decisions.)
Nifty Live Intraday Updates for 21-11-2023Nifty important levels to watch are as follows
#Support: 19750
Sell below: 19750 only on 15 minute candle closure below the level.
Target 1: 19720
Target 2: 19680
#Resistance: 19800
Buy Above: 19800 only on 15 minute candle closure Above the level.
Target 1: 19830
Target 2: 19880
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 20-11-2023 !Nifty important levels to watch are as follows
#Support: 19700
Sell below: 19700 only on 15 minute candle closure below the level.
Target 1: 19650
Target 2: 19610
#Resistance: 19750
Buy Above: 19750 only on 15 minute candle closure Above the level.
Target 1: 19800
Target 2: 19860
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 16-11-23 !!Nifty important levels to watch are as follows
#Support: 19610
Sell below: 19610 only on 15 minute candle closure below the level.
Target 1: 19560
Target 2: 19485
#Resistance: 19680
Buy Above: 19680 only on 15 minute candle closure Above the level.
Target 1: 19745
Target 2: 19820
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
CrudeOil Important Levels to watch ! CrudeOil important levels to watch are as follows
#Support: 6480
Sell below: 6480 only on 15 minute candle closure below the level.
Target 1: 6420
Target 2: 6350
Target 2: 6280
#Resistance: 6540
Buy Above: 6540 only on 15 minute candle closure Above the level.
Target 1: 6610
Target 2: 6720
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our indicators for more informed decision making. if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 15-11-23 !Nifty important levels to watch are as follows
#Support: 19580
Sell below: 19580 only on 15 minute candle closure below the level.
Target 1: 19540
Target 2: 19460
#Resistance: 19655
Buy Above: 19655 only on 15 minute candle closure Above the level.
Target 1: 19700
Target 2: 19770
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 11-11-2023Nifty important levels to watch are as follows
#Support: 19330
Sell below: 19330 only on 15 minute candle closure below the level.
Target 1: 19300
Target 2: 19270
Target 3: 19250
#Resistance: 19365
Buy Above: 19365 only on 15 minute candle closure Above the level.
Target 1: 19390
Target 2: 19420
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
USDINR: Symmetric Pattern Formation Could Precede a Breakout
USDINR is currently forming a symmetrical pattern, which is a consolidation pattern that can precede a breakout in either direction. Swing traders should wait for a clear breakout before taking a position.
Trade with Symmetrical Patterns: A Simplified Guide
Symmetrical triangles signal potential trend pauses or consolidations. Breakouts from these patterns often lead to strong directional moves.
Key Steps:
Identify the triangle: Connect lower highs and higher lows with trendlines.
Determine breakout direction: Analyze the preceding trend.
Place entry orders: Buy above upper trendline for uptrend breakouts, sell below lower trendline for downtrend breakouts.
Set stop-loss orders: Protect profits outside the triangle's boundaries.
Establish profit targets: Base targets on the triangle's height.
Remember:
False breakouts can occur.
Use risk management to protect capital.
Combine triangles with other indicators for a comprehensive approach.
USDINR Price Fluctuations: Key News Events to Watch
USDINR, the currency pair representing the Indian rupee against the US dollar, is highly susceptible to various news events and economic indicators. Here are some key news events to watch:
Global Economic Events: US Federal Reserve monetary policy, US economic data, and global economic conditions.
India-Specific News: RBI monetary policy, Indian economic data, and Indian government policies.
Geopolitical Events: Political instability and regional events.
Happy trading!
Disclaimer :
This is merely a trading idea and not a financial recommendation. It is crucial to conduct your own research and consider your investment goals and risk tolerance before making any trading decisions.
Nifty Live Intraday Updates for 09-11-2023Nifty important levels to watch are as follows
#Support: 19395
Sell below: 19395 only on 15 minute candle closure below the level.
Target 1: 19350
Target 2: 19300-19280
#Resistance: 19460
Buy Above: 19460 only on 15 minute candle closure Above the level.
Target 1: 19510
Target 2: 19580
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.