NZDCHF TRADE IDEApossible NZDCHF trade scenario will look for entry from above zone
enter with ltf confirmation if taken direct entry manage your risk properly 1:2-3 RR
Indicator based SMC approach. follow and like more such smc setups
Search in ideas for "INDICATORS"
GBPUSD TRADE IDEAPossible GBPUSD trade idea can look for buys from above mention level above setup is 1:3 RR please manage risk properly Enter at your own risk ! Indicator based SMC approach. follow and like for more such setups.
EURGBP TRADE IDEAPossible EURGBP trade idea
can look for buys from above mention level
above setup is 1:3 RR
please manage risk properly
Enter at your own risk !
Indicator based SMC approach.
follow and like for more such setups.
AUDUSD buy ideaPossible AUDUSD trade idea
can look for buys from above mention level
above setup is 1:3 RR
please manage risk properly
Enter at your own risk !
Indicator based SMC approach.
follow and like for more such setups.
Nifty50 Aiming for 20,000 and BeyondNifty50 has been showing promising signs of strength recently, and there's growing anticipation that it could make a significant move in the coming week. Here's what we're watching:Strong Uptrend: The Nifty50 index has been on a steady uptrend, supported by positive market sentiment and economic indicators.Key Resistance at 20,000: The 20,000 level is a crucial psychological and technical resistance point. If Nifty50 can break through this barrier, it may pave the way for further gains.Potential Targets: Beyond 20,000, the next major target to watch is 20,400. A sustained move above this level could signal a bullish trend continuation.Risk Management: Keep in mind that market dynamics can change quickly. It's essential to have a solid risk management strategy in place to protect your investments.Remember, this is not financial advice, and trading involves risks. Always do your own research, use proper risk management, and consider consulting a financial advisor.#Nifty50 #StockMarket #TechnicalAnalysis #TradingView
NIFTY FUTURES LEVVELS 26.05.23Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
keep following for live market updates.
i predict traget and stoploss this predits 100% workingfirst traget 541.35
and secong traget 536.90
third traget 530.90
stoploss549.75
second stoploss 551.00
for intraday trading
100% working
Bank Nifty Weekly AnalysisSharing My Ideas what i see on charts based on my indicators........
Do Not Consider Buy / Sell
Bulls Needs to hold 35900 on Weekly closing basis..
Nifty Weekly Analysis.........Sharing My Ideas what i see on charts based on my indicators........
Do Not Consider Buy / Sell
Bulls Needs to hold 17985 on Weekly closing basis..
Coming week is interesting .....
SNX BREAKOUT IS ABOUT TO HAPPEN.. Buy SNX NOW WITH STOP LOSS INDICATOR AND TP INDICATORS.. IT'S ABOUT TO BREAK HARD.
MCX Crudeoil - Forecasting the Next step with EWTMCX crude oil has made the bullish Elliott wave on the 4H time frame. The fifth wave is remaining, and the trend has to cross 3900 - 4000 - 4040 to complete the fifth wave.
Then the trend will fall for a short time to make the A of the ABC correction. After that, it will rise again to a particular level to make the B, and then fall again for a short time to make the C. This is how the trend will complete the Elliott wave pattern with the ABC correction.
But if it falls, then it will be the failure of the Elliott wave. And targets for the fall will be 3700 - 3650 .
As per the indicators............
DMI- ADX is greater than 25, +DI is above the -DI. DMI shows the allover uptrend. RSI is indicating the uptrend, too.
When to sell?In this link, I have explained when you should sell your stock. Growth Stocks are also included there.
I have also included a Chart Layout there so you can use it. I have explained the chart layout's components.
DOUBLE TOP WITH TAIL AND DIVERGENCEDouble top chart pattern with negative tail at the 2nd top almost confirms the short ........assurance comes from divergence also with different indicators....may follow
NIFTY Long PositionNifty Daily pitchfork chart.Looks good for the target of 8750-8800.But the Only problem is the indicators.RSI and MACD are overbought in Daily chart but Weekly chart told a different story.All depends on Budget
This is my personal view and only for study purpose
Next support is 8066 & 8016The expected Potential Reversal Zone was further extend to 8250.8,
with D retracing 1.14 of XA, qualified as an
Alt: Bat pattern, will have same bearish impact as you can see now.
so watch for .618 and .786 or even to a full retrace to 7952 levels.
Read this in conjunction with other indicators.Current pullback from 7952 can retrace fully.
Contrarian view :The swings from 8598 looks like a 5 wave impulse, and the pullback
which i mentioned above is also a 5 wave impulse, could be part of an ABC.
so the current drop could be arrested near 8066 to play an abc foam a B and nifty can go up toward 8600 too.
but the current scenarios in conjunction with technical view doesn't support a bullish count.
i strongly belive the nifty to go below 7916. Yes I said 7916, the demonetization Trump low :D .
XLMUSDT breaking out Flag Patter 5th WaveTechnical Analysis:
1. Backtesting within 7 days shows no clear patterns for MACD, RSI, BOLL, and KDJ indicators.
2. Backtesting within 30 days also does not show any clear patterns for MACD, RSI, BOLL, and KDJ indicators.
3. The current BOLL support price is $0.1201 and the resistance price is $0.1231.
Fundamental Analysis:
1. Stellar (XLM) is an open network that aims to facilitate the movement and storage of money.
2. The native token of the Stellar network is called lumens.
3. Stellar aims to boost financial inclusion and enable financial firms to connect with each other through blockchain technology.
4. The total token supply is 50,001,802,942 XLM, with a circulating supply of 23,404,278,684 XLM.
5. The current market cap of Stellar is $3,506,513,084.
6. The current price of XLM is $0.12226, with a 24-hour price change of +2.34% and a 7-day price change of +6.21%.
7. The trading volume for today is $3,232,809.16.
Market Sentiment:
1. The Market Sentiment Index is 82, indicating extreme greed.
Based on the technical analysis, there are no clear patterns indicating a specific trend for XLM within the past 7 days or 30 days. However, the current BOLL support and resistance prices can be used as reference levels.
Considering the fundamental analysis, Stellar aims to revolutionize the financial industry and enable cost-effective cross-border asset trading. The market sentiment is currently indicating extreme greed.
Please note that this analysis is based on the provided data and does not take into account any external factors or future events that may impact the price of XLM.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; please make decisions cautiously
XRPUSDT in parallel Channel and bullish on chart long buyTechnical Analysis:
1. Backtesting within the last 7 days shows that there are no specific patterns observed in the MACD, RSI, BOLL, and KDJ indicators.
2. Backtesting within the last 30 days also does not show any specific patterns in the MACD, RSI, BOLL, and KDJ indicators.
3. The current price of XRP is $0.5794, with a 24-hour price change of +4.62% and a 7-day price change of +5.58%.
4. The BOLL support price is $0.5693, and the BOLL resistance price is $0.5883.
Fundamental Analysis:
1. XRP is the currency that runs on the RippleNet payment platform, which aims to enable instant monetary transactions globally.
2. The total supply of XRP is 100,000,000,000 tokens, with a circulation supply of 45,404,028,640 tokens.
3. The market capitalization of XRP is $32,044,348,010.
4. The current trading volume for XRP is $73,202,253.74.
Based on the technical analysis, there are no specific patterns observed within the last 7 and 30 days. As for the fundamental analysis, XRP is a digital payment platform that facilitates instant monetary transactions globally. The current market capitalization and trading volume indicate the popularity and liquidity of XRP.
Please note that this analysis is based on the provided data, and it is recommended to conduct further research and analysis before making any investment decisions.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; please make decisions cautiously.
KLAYUSDT short term sell and buy correct levels on chartTechnical Analysis:
1. Backtesting within 7 days shows that there are no clear patterns for MACD, RSI, BOLL, and KDJ indicators.
2. Backtesting within 30 days also reveals no significant patterns in MACD, RSI, BOLL, and KDJ indicators.
3. The current BOLL support price is $0.2193, and the resistance price is $0.2269.
Fundamental Analysis:
1. Klaytn (KLAY) is a public blockchain platform that aims to provide an accessible user experience and development environment for conveying the value of blockchain technology.
2. It combines the best features of both public and private blockchains through an efficient hybrid design.
3. Klaytn aims to make blockchain technology available on a global scale and has gained interest from reputable brands worldwide.
4. The current market capitalization of KLAY is $784,707,264.
5. The total token supply is 10,670,888,464, with a circulating supply of 2,500,000,000 tokens.
6. The current price of KLAY/USDT is $0.2222, with a 24-hour price change of -1.29% and a 7-day price change of +1.55%.
7. The trading volume for today is $173,137.94.
ETHUSDT Short to medium Term sellETHUSDT on 4 hrs. chart is showing resistance.
Technical Analysis:
1. Backtesting within the last 7 days shows that there are no specific patterns in the MACD, RSI, BOLL, and KDJ indicators.
2. Backtesting within the last 30 days also shows no specific patterns in the MACD, RSI, BOLL, and KDJ indicators.
3. The BOLL support price is $2,476.42, and the BOLL resistance price is $2,513.27.
VISAKAIND - Trendline Breakout & BATIn this analysis, we will examine the technical aspects of the weekly chart for VISAKAIND, aiming to provide insights into potential trading opportunities based on key patterns and indicators.
Breakout of Weekly Falling Trendline:
The chart displays a significant breakout of a weekly falling trendline. Breakouts of trendlines on higher timeframes, like the weekly chart, often carry greater significance. This breakout suggests a potential shift from a bearish to a bullish trend. Such breakouts are crucial points of interest for traders and can mark a potential reversal or continuation of the trend.
RSI Confirmation:
The breakout observed on the Relative Strength Index (RSI) adds further credibility to the breakout from the falling trendline. RSI is a momentum oscillator that measures the speed and magnitude of price movements. When the RSI breaks out, it often provides confirmation of the price breakout, enhancing the reliability of the bullish scenario.
BAT Harmonic Pattern and Target:
A possible BAT Harmonic Pattern is identified on the chart, suggesting a potential target of ₹120 in the future. Harmonic patterns are geometric price patterns that traders use to forecast potential price movements. The presence of such a pattern further supports the notion of a potential bullish move.
Rounding Bottom Pattern:
Additionally, a rounding bottom pattern is visible on the chart. This pattern resembles a gradual transition from a downtrend to an uptrend and can imply a potential trend reversal. Its presence reinforces the bullish narrative suggested by other technical indicators.
Proposed Trade Strategy:
Based on the insights from the chart analysis, here's a proposed trade strategy:
Entry: Consider entering a long position at the current market price (CMP) of ₹93. This entry aligns with the breakout from the weekly falling trendline and the confirmation from the RSI breakout.
Stop Loss (SL): Implement a stop loss at ₹80. This level is strategically chosen to allow for reasonable price fluctuations while providing protection against unexpected adverse movements.
Target: Set the target at ₹120. This target aligns with the potential target suggested by the BAT Harmonic Pattern and also considers the rounding bottom pattern.
Conclusion:
While technical analysis offers valuable insights, it's essential to recognize that no analysis can guarantee specific outcomes in the stock market. Trading involves risks, and conducting thorough research, employing risk management strategies, and seeking advice from financial professionals are crucial before making any trading decisions.
The breakout from the weekly falling trendline, confirmation from RSI, presence of the BAT Harmonic Pattern, and the rounding bottom pattern collectively indicate a bullish scenario for VISAKAIND. However, market conditions can change rapidly, so staying informed and adaptable is vital for successful trading.
TTKPRESTIG: Breakout and Rounding BottomIn this analysis, we will conduct a comprehensive review of TTKPRESTIG's weekly chart. We will explore the potential breakout of a falling trendline, the presence of a rounding bottom pattern, and the adjusted RSI divergence. Additionally, we will consider a trade opportunity based on these technical indicators. Let's proceed with the analysis.
Chart Analysis:
The TradingView chart for TTKPRESTIG provides valuable insights into the stock's current technical setup and potential price movements.
Breakout of Falling Trendline:
The weekly chart of TTKPRESTIG suggests the stock is on the brink of breaking out from a falling trendline. This technical development could indicate a potential shift in sentiment from bearish to bullish. If the breakout occurs, it may lead to increased buying interest and upward price momentum.
Rounding Bottom Pattern:
The presence of a rounding bottom pattern adds to the potential bullish outlook. This pattern is characterized by a gradual rounding of price movements, followed by a breakout above the pattern's neckline. If the pattern completes its formation, it could signal a trend reversal and the beginning of an uptrend.
Adjusted RSI Divergence:
The RSI divergence that was previously noted appears to have been adjusted or weakened. This can be interpreted as a sign of potential stabilization or a shift in the momentum that initially led to the divergence. However, traders should remain cautious and consider this factor along with other technical indicators.
Trade Opportunity:
Based on the technical analysis outlined above, a trade opportunity could be emerging for TTKPRESTIG.
Traders might consider entering a long position at the current market price (CMP) of ₹783. To manage potential risks, a suggested stop loss (SL) at ₹729 is recommended.
The first target for this trade is set at ₹852, representing a potential intermediate price target. The second target, at ₹990, could offer further potential gains if the stock's price movement aligns with the identified technical patterns.
Conclusion:
The technical analysis of TTKPRESTIG's weekly chart suggests the potential for a bullish scenario. The breakout of the falling trendline, presence of a rounding bottom pattern, and adjusted RSI divergence are all factors to consider. Traders might contemplate entering a long position at the CMP of ₹783, with a SL at ₹729, and aiming for targets of ₹852 and ₹990.
As with any trading decision, exercise caution, conduct thorough research, and consider consulting a financial advisor. Additionally, implement effective risk management strategies to ensure prudent trading decisions.
Analyzing Trend Line Resistance in NSE 500: Evaluating Potential
Trend line resistance is a key level identified by connecting consecutive highs in a market. It represents a psychological and technical barrier that typically inhibits further upward price movement. Traders and investors pay close attention to trend line resistance as it can influence market sentiment and signal potential reversals or consolidation.
The NSE 500 index is a broad-based index comprising the top 500 companies listed on the National Stock Exchange of India (NSE). To evaluate the potential market reaction to trend line resistance in the NSE 500, we need to consider several factors:
Careful examination of the index's recent price action is essential. If the NSE 500 has been consistently forming higher highs and higher lows and is currently approaching the resistance, it suggests a bullish sentiment. Conversely, if the index has struggled to surpass the resistance level, it may indicate a potential reversal or consolidation.
Volume provides valuable insights into the strength and participation of market players. Higher-than-average volume during an attempted breakout above trend line resistance indicates increased buying interest and potential for sustained upward momentum. Conversely, low volume during the approach to resistance could suggest a lack of conviction among market participants, increasing the likelihood of a reversal or consolidation.
Examining the breadth of the market can offer additional insights. If a significant number of stocks within the NSE 500 are facing resistance at similar levels, it strengthens the case for a potential market reaction. Conversely, if only a few stocks are experiencing resistance while others are showing strength, it may weaken the overall significance of the resistance level.
Sector Analysis: Conducting a sector-wise analysis within the NSE 500 can provide a deeper understanding of market dynamics. Some sectors may exhibit stronger resistance levels, indicating potential areas of weakness, while others may display relative strength, potentially leading to a breakout.
Conclusion:
Assessing the potential market reaction to trend line resistance in the NSE 500 requires a comprehensive analysis of price action, volume, market breadth, and sector performance. Technical analysis provides valuable insights, but it should be complemented by a consideration of fundamental factors and other relevant indicators.
Traders and investors should exercise caution and employ risk management strategies when interpreting trend line resistance. It is essential to conduct thorough research, stay informed about market news, and consult with financial professionals before making trading decisions.
Remember, market dynamics are subject to change, and trend line resistance should be evaluated in conjunction with other indicators. By adopting a well-rounded approach and staying adaptable to evolving market conditions, traders can enhance their ability to interpret the potential market reaction to trend line resistance in the NSE 500 index.
