Trend vs Vol (VA) This strategy is designed to trade long and short positions based on a combination of technical indicators. The strategy calculates the range of the candle and compares it to the previous candle's range. If the current candle has a wider range, it may indicate strong market sentiment. The strategy also calculates the exponential moving average (EMA) of the volume and close price over a 20-day period. It uses the EMA to determine if the trend is up or down and if the volume is increasing or decreasing.
The strategy generates a "buying opportunity" signal if the trend is up and the volume is increasing. It enters a long position when this occurs. It generates a "take profits" signal if the trend is up and the volume is decreasing. It closes the long position when this occurs.
The strategy generates a "coming reversal" signal if the trend is down and the volume is decreasing. It enters a short position when this occurs. It generates a "stay on sidelines" signal if the trend is down and the volume is increasing. It closes all positions when this occurs.
This strategy is using a combination of price action and trend analysis to determine market sentiment and to identify potential trading opportunities. The success of the strategy will depend on the quality of the data and the effectiveness of the rules used to generate trading signals. It is important to thoroughly backtest the strategy and to continuously monitor its performance to ensure that it remains effective over time.
Search in ideas for "INDICATORS"
TATA MOTORS -- Daily Trendline BreakoutTATA MOTORS -DAILY CHART SETUP- Trendline breakout .
1. Tata motors on daily chart setup seen trendline breakout on last heikin ashi daily candle AT above 417-418 level
2. 200 HMA seen above 405 level . short term resistance broken above 400, from then stock seen up-trend .
3. currently stock trading above 44, 200 HMA bullish technical indicators.
4. RSI seen moving upword direction and move above 60 , above wma .
5. Golden cross of 44 and 200 HMA seen.
6. BUY can initiate @419 short term Target 430-450 and 6 month target 480-500 stop loss at 395
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** trade at oen risk .!!
**** comments are welcome .
HAPPY TRADING. !!
PNB ---MULTIBAGGER 2023 PNB --Monthly Chart setup -- Potential multibagger 2023
1. Monthly trendline breakout, lower channel breakout seen on chart last Monthly candle .
2. Monthly resistance breakout above 48 level on current month candle .
3. ROUNDED BOTTOM chart pattern formation seen after double bottom .
4. RSI ABove 60, above wma bullish techncial indicators.
5. Upside potiential 50-80% From current level in 1 year timeframe
6. ENTRY 55-58 TARGET --60-80-100 stop loss bellow support level 40 which is previous month candle low.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... Trade at own risk !1
HAPPY TRADING. !!! HAPPY NEW YEAR !!!
NIFTY ANALYSIS AND WEEKLY PICKSNIFTY ON 30-12-2022
Following the positive Global cues Index opened gap up and made the day high of 18265.25 but failed to sustain 18250 and selling pressure came from all directions which dragged the Index towards the day low of 18080.30.
The Index kept oscillating between 18150 and 18200 and both Bulls and Bears tried to bring the odds in theirs favour. It was the final hour of trading session when Bulls can’t sustain the selling pressure and finally threw the towel.
All the vital indices except METAL , PSU BANK and OIL&GAS closed in Red.
Index closed at 18105.30 losing 0.47% making a Bearish candle on daily chart.
Technical View : (Daily Chart)
NIFTY has made a long Bearish candle which indicates the further downside in upcoming trading sessions.
NIFTY is moving below EMA 13, 21and 34 and EMA 13< EMA34<EMA21 which signals that Index is still in down-trend.
RSI is below 50 level which endorses the signals coming from the above-mentioned indicators.
We had discussed in the previous post that Index has a tendency to move towards the EMA 13 from wither of the directions. A quick glance at the chart reveals that Index moved toward the EMA 13 ( which lies at 18225.02 on the trading session of 29.12.2022) and failed to sustain it.
If Index had sustained this level then it could have been interpreted that index has completed its correction and ready to move upward. However, the failure to sustain EMA 13 on daily chart also endorses that Index may further show weakness.
Support and Resistance : Daily Chart
18040-17981 will work as the first support level for NIFTY. Below this 17831 will hold strong support.
On the upper side NIFTY will face resistance in the range of 18169-18244. Above this 18300 will hold strong resistance for NIFTY.
Sectoral View: ( WEEKLY CHART)
BANK, METAL and OIL&GAS look strong where the investors may park their welath while indications of positive reversal are visible in AUTO, FMCG, IT and MEDIA which make these indices the candidates of buying.
PHARMA looks weak and further weakness may be observed during the next five trading sessions.
View for Traders:
Now this looks interesting. Technically Index is weak and there should not be any doubt about this.
But at the same time the vital indices tell a different story.
In the above section “ Sectoral View” it is mentioned that except PHARMA all other indices are either showing strength or signaling the positive reversal from current levels on Weekly Chart.
So, if all the vital indices are indicating towards positive reversal then there is no reason to remain bearish on Index for the upcoming trading sessions.
If the Index is indicating in two different directions the view can never be unidirectional and hence the author prefers to remain firm with two different views for the upcoming week.
Index may open gap down on 02-01-2023 but there are high chances that Index will alter its direction and move towards north.
Hence, under present circumstances, it seems wise to buy NIFTY on Dips rather selling at High.
Buy NIFTY near the first support level i.e. 18050 for target of 18150-18200. SL may be kept below 17975 on closing basis.
As mentioned above, it is better to find chances to buy NIFTY on Dips rather selling at High, it is not recommended to Sell NIFTY as the risk reward ratio doesn’t look favourable.
Weekly Picks
1. BALKRISHNA INDUSTRIES
BUY in the range of 2060-2080
Target 2188
SL 2015
Potential Upside 6.21%
2. HDFC BANK
Buy in the range 1590-1600
Target 1700
SL 1575
Potential Upside 6.91
3. MPHASIS
BUY in the range of 1920-1932
Target 2071
Potential Upside 7.86
SL 1885
4. TATA STEEL
Buy in the range of 106-110
Target 119
SL 99
Potential Upside 12.26%
5. INOX LEISURE
Buy in the range of 480-485
Target 520
SL 465
Potential Upside 8.33%
Clear Buy IOC @70 With Sl 65 Holding Period Should Be Big Clear Buy IOC @70 With Sl 65 Holding Period Should Be Big
5 EMA and 8 EMA Trading Strategy
This is the simple strategy that uses 5 EMA and 8 EMA indicators.
Best works in Trending Markets, and worst in non-trending markets. Here’s How this strategy works:
If the faster EMA (5 EMA) crosses the slow EMA (8 EMA) to the upside then its sign of an uptrend.
If 5 EMA crosses 8 EMA to the downside, Its a sign of a downtrend.
Darvas Box Breakout at GODFRYPHLP Darvas Box #Breakout at #GODFRYPHLP (Godfrey Phillips India Ltd) Weekly Chart. Its #Outperformed #Nifty.
BSE: 500163 / NSE : GODFRYPHLP
What Is #Darvas #Box #Theory?
Darvas box theory is a trading strategy developed by Nicolas Darvas that targets stocks using highs and volume as key indicators.
Darvas' trading technique involves buying into stocks that are trading at new highs and drawing a box around the recent highs and lows to establish an entry point and placement of the stop-loss order. A stock is considered to be in a Darvas box when the price action rises above the previous high but falls back to a price not far from that high.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
BTCUSD Bybit Chart Analysis October 17
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 17.
Bitcoin 4 hour chart
Today's approximate Top and Bottom prices are displayed.
There are no signs of danger at all.
The pattern is also well maintained with an uptrend.
Again, Nasdaq is the problem.
The bottom is connected below the green support line.
Exactly with last week's moves
The upper and lower parts were divided.
at the center,
Check the upward red movement path and the downward light blue movement path
I made today's trading strategy.
30 minute chart arrow one way long position strategy.
Depending on the real-time strategy, some positions have been changed.
Because we succeeded in rebounding the lower tail last week
In the case of the beat, up to today's Bottom is not a bad position from a long position standpoint.
There is also a support line coming up at the bottom,
There are no significant indicators.
Nasdaq 12 + daily chart MACD Golden Cross is in progress
The pattern is alive, there are no dangerous signals
I have to take long.
If it is a normal movement, it should continue to rebound to the right.
After a V-shaped rebound in the CPI last week,
Unless it's the Don't Ask drop that came out on Friday.
* When the red arrow moves
long position strategy
1. 19336 long position entry section / Stop loss price when departing from the green support line
The main resistance line and target are marked at the top.
Please note
The orange resistance line is the upward crossing section / the danger zone when the green support line deviates / the bright blue support line is the downward right sideways section.
If you are short-term traders, you may want to target the area near the red resistance line.
displayed up to the maximum.
The Nasdaq movement is the most important, so please refer to the movement.
My analysis is for reference only.
Principle trading / Stop loss is essential, I hope that you operate safely.
Thanks for reading.
3.9 Years Darvas Box Breakout at APOLSINHOT3.9 Years Darvas Box #Breakout at #APOLSINHOT (Apollo Sindoori Hotels Ltd) Weekly Chart.
What Is Darvas Box Theory?
Darvas box theory is a trading strategy developed by Nicolas Darvas that targets stocks using highs and volume as key indicators.
Darvas' trading technique involves buying into stocks that are trading at new highs and drawing a box around the recent highs and lows to establish an entry point and placement of the stop-loss order. A stock is considered to be in a Darvas box when the price action rises above the previous high but falls back to a price not far from that high.
KEY TAKEAWAYS -
Darvas box theory is a technical tool that allows traders to target stocks with increasing trade volume.
The Darvas box theory is not locked into a specific time period, so the boxes are created by drawing a line along the recent highs and recent lows of the time period the trader is using.
The Darvas box theory works best in a rising market and/or by targeting bullish sectors.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Darvas Box Breakout at DEVYANI Darvas Box #Breakout at #DEVYANI (Devyani International Ltd) Daily chart.
What Is Darvas Box Theory?
Darvas box theory is a trading strategy developed by Nicolas Darvas that targets stocks using highs and volume as key indicators.
Darvas' trading technique involves buying into stocks that are trading at new highs and drawing a box around the recent highs and lows to establish an entry point and placement of the stop-loss order. A stock is considered to be in a Darvas box when the price action rises above the previous high but falls back to a price not far from that high.
KEY TAKEAWAYS : -
Darvas box theory is a technical tool that allows traders to target stocks with increasing trade volume.
The Darvas box theory is not locked into a specific time period, so the boxes are created by drawing a line along the recent highs and recent lows of the time period the trader is using.
The Darvas box theory works best in a rising market and/or by targeting bullish sectors.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
PAYTM -- INTRADAY SETUP -- 18/07/2022PAYTM -- HOURLY CHART -- INTRADAY SETUP
>> As per previous idea of paytm, Stock shown good bullish momentum above 680 level. now stock can seen strong upward movement from this level
>> trendline shows good support at new channel form around 700-705 level as support and 735-740 as resistance level for channel
>> RSI seen above 60 level on dialy chart which is also sign of strong upward movement from current level
>> MACD above signal and center line at daily chart bullish indicators.
>> Stock currently trading above 21, 50, 200 SMA
>> BUY can initiate on intraday at 705-710 level for target 715-725-730 stop loss bellow trendline support at 695
>> intraday support at 700-705 Resistance 730-740
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
HAPPY TRADING !!
1:3 is old school, 1:15 is new school.The mania associated with high accuracy is something I do not understand. I have realized after several years of trading that markets are more random than Elliot Wave, Gann Charts and all forecasting analytics will have you believe. So, I looked the other way and worked to improve the RR of my trade. Accuracy as bad as 20% keeps you in the realms of profitability, which is a huge psychological relief.
I do not post real-time signals because it is high-speed action and this is a purely educational blog to help my followers stay away from the myths of speculation.
Apart from the obvious rewards that this system comes with, here are some reasons Why this is my HOLY GRAIL:
1. Consistent algorithmic signals with no gray area.
2. Buying low is easy on the psyche.
3. No need to track overall markets or fundamentals.
4. No need for complex technical tools or indicators.
For more information or education feel free to comment below.
Some tips for my fellow followers to scan for similar markets:
Look for excessive weakness.
Look for rangebound markets or extended down-trending markets.
Stay away from penny stocks or stocks with extremely large market caps.
Bitcoin July 2022 PredictionChecked using multiple algo indicators. Bitcoin July Predication for the bear market we are currently in with all the fed rate hikes and inflation. We are in a major sell off market. If BTC breaks below its first target as on chart its gonna keep falling due to lack of support and resitance levels.
BTCUSD Bybit Chart Analysis May 18
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 18.
This is the movement after writing the analysis on May 17th.
The details are summarized in the comments at the bottom of the analysis article,
Please note.
Bitcoin 30 Minute Chart
I marked the main sections with black fingers.
Looking at the Nasdaq,
Up and down points along the Nasdaq
Pole sideways finish without touch.
The transaction was processed as a cancellation process.
The direction seems to be coming out this week,
Let's take a closer look at the whole thing.
This is the Nasdaq 4 hour chart.
Today's approximate top price and bottom price are left.
in a pattern
In case of an uptrend, up-ward sideways
at the top of the , The dark blue resistance line is the resistance level that has not broken through the past 8 weeks.
If it breaks through, it can be connected to Real Rebounds , right?
I couldn't touch the 4 hours resistance line.
Fortunately, there is a support line coming up at the bottom.
Except in the case of a vertical decline
There are no red flags and no important indicators.
around the purple support line
Check the red up/light blue down movement path
Applied to Bitcoin.
Bitcoin 4 hour chart.
Today's approximate Top and Bottom prices are displayed.
around the green support line
Check the red up/light blue down movement path
I made today's trading strategy.
This is a 30-minute chart long position strategy.
As you can see, at the purple support/green support level.
The direction will be different.
Pay attention to the arrow or the light blue long position entry section.
It is based on the 4-hour chart MACD dead cross.
Above all, the movement of the Nasdaq is the most important.
In the case of extreme lateral protection, within the red resistance line / within the green support line.
Please note that there may be crossing over.
Today, there is no vertical downtrend or a breakout from the sky blue support line.
If the rebound is moderate, there may be further upside after tomorrow.
* When the red arrow moves
Long -> Short -> Long Switching Strategy
If you look for the price on the right, the main position is
It's not difficult, so take it easy.
If the green support line is damaged or breaks away,
You have to watch up to the bottom section.
Since it is a short position operation section on the Nasdaq, there is a possibility of a collapse.
from the present position,
*If there is a rebound, start with the short at the top.
*If it is pushed down, it seems advantageous to wait long in the bottom section.
Check the arrow movement path / light blue finger movement path movement.
I've been leading you all the way here.
If the rebound is successful at the time of entering the long position
It can be the altcoin floor in the upper or lower part, so please keep an eye on it today.
Principle trading / Stop loss is essential, I hope you operate safely.
thank you.
Tanfac Industries Investment IdeaIncorporated in 1972, Tanfac Industries Ltd is a joint sector company promoted by Aditya Birla Group, which holds 25% stake in the company, and Tamil Nadu Industrial Development Corporation (TIDCO). The company began commercial production in March 1985 and is amongst the leading producers of Hydrofluoric Acid and its derivatives.
Tanfac is engaged in the manufacture of inorganic fluorine-based chemicals like Anhydrous Hydrofluoric acid, Sulphuric Acid, Oleum, Aluminum Fluoride, Potassium Fluoride, Potassium Bifluoride, Boron Trifluoride Complexes, Calcium Sulphate (Gypsum), IsoButyl Acetophenone, Acetic Acid, Peracetic Acid and Poly Aluminum Chloride, etc.
The company's manufacturing facilities are spread over 60 acres in the chemical complex of SIPCOT, Cuddalore. Currently, the company has an Androus Hydrofluoric Acid capacity of 15,600 metric tons per annum (MTPA), 15,600 MTPA of Aluminum Fluoride, 81,600 MTPA of sulphuric acid and 3,400 MTPA of specialty fluorides.
The company's products find applications in industries such as aluminum smelting, petroleum refining, refrigerant gases, steel re-rolling, glass, ceramics, sugar, fertilizers, and heavy water.
The Company operates in a single segment i.e., Fluoro-chemicals in India. In the FY21, the company did sale of manufactured goods to the tune of Rs. 146 Cr., which comprised of Aluminium Fluoride 2%, AHF Acid and Sulphuric Acid 60%, Specialty Chemicals 38%.
It has technical tie ups with -
Davy Process, Switzerland - for Aluminium Fluoride (Know-how and equipment)
CHENCO,Germany - for Hydrofluoric Acid (Know-how and equipment)
Grasim Industries Limited - for Sulphuric Acid / Oleum (Design and Erection)
The company's ratings were upgraded by ICRA in November 2021. Excerpts from the report are as follows: -
Credit strengths
Long track record in fluorochemical manufacturing – TIL has an extensive track record of manufacturing fluorochemical products for more than three decades.
Healthy financial risk profile – The company’s financial profile has strengthened over the years with improved profitability levels and limited dependence on debt. On the back of healthy profitability, the company had repaid the ICD from the parent Group in FY2019 and redeemed the preference share in FY2020 and stood debt free as on September 30, 2021 with healthy capital structure and coverage indicators. In FY2021, while the company’s revenue moderated by 10% to Rs 147.9 crore on account of decline in HF sales, margins witnessed healthy improvement due to significant increase in sales realisation of specialty fluorides due to increased demand. In H1 FY2022, revenue and profitability improved driven by new ALF orders executed, significant increase in realisation of sulphuric acid, continued high realisation of speciality fluorides and YoY improvement in HF sales volumes. Going forward, with improved HF capacity utilisation, healthy demand for the products and improvement in cost structure, the revenue and profitability is expected to remain healthy.
Increased product diversification in recent years – TIL has focused on product diversification and margin accretive revenue streams in recent years, which has resulted in increased share of speciality fluorides over the last few years although the revenue share remained moderate till FY2020 owing to increased revenue contribution from major segment. However, due to increased demand on account of the pandemic, the specialty fluorides segment witnessed healthy sales growth in FY2021 and H1 FY2022 witnessing significant improvement in revenue share as well.
Support from Aditya Birla Group – TIL is a joint sector company between Aditya Birla Group and Tamil Nadu Industrial Development Corporation (TIDCO). Despite having only 25% stake in TIL as per the Government of India guideline for joint sector undertakings, the management control in the company vests with the Aditya Birla Group. TIL had received financial support from the Group in the past at times of distress. Further, being part of the Aditya Birla Group, also enables TIL to enjoy better terms with suppliers.
Credit challenges
Moderate scale of operations - TIL has moderate scale of operations, with operating income in the range of Rs 120–220 crore during FY2015–FY2021 which however witnessed significant improvement in H1 FY2022. Although the increased sales realisation of H2SO4 and the increased demand for specialty fluoride that supported the revenue in H1 FY2022 is not expected to be sustainable, the increased capacity utilisation of HF facility and healthy demand for the products is expected to support the revenue of the company in coming fiscals.
Revenue and profitability remain susceptible to market disruptions, end user cyclicality and resultant price volatility - TIL faces competition from domestic manufacturers as well as from imports, especially from China, which limits its pricing power. Being commodity chemicals, the price of HF, ALF and H2SO4 are exposed to demand-supply scenario and face considerable price volatility. In addition, the demand and price for the products are also susceptible to the cyclicality inherent to the end user industries. Hence the company’s profitability is exposed to volatility in the spread between global products and raw material prices. However, the cost control measures undertaken by the company over the years have mitigated the impact to some extent. While the profitability is also exposed to forex fluctuations, the company has a hedging policy in place limiting the adverse impact.
Increasing environmental scrutiny on transport of HF - TIL is exposed to increasing environmental scrutiny on transport of HF and any adverse changes in environmental policies will be a credit challenge. While the regulations related to transportation of the HF is expected to get more stringent going forward, the company has transportation permit from PESO valid for 3 years mitigating the risk in near term.
Liquidity position: Strong
Although the company is undertaking a modernization capex to be completed by FY2023 which is planned to be funded through internal accruals and has another sizeable debt funded capex plan in near future, the liquidity is expected to remain strong on the back of healthy cash flow from operations, healthy unencumbered cash and bank balance of ~Rs 32 crore as on September 30, 2021, no term debt repayment obligations and availability of unutilised working capital limits.
On February 2022 though, ICRA informed that Ratings were placed on watch because of the following developments: -
On February 1, 2022, Tanfac Industries Limited (TIL/the company) announced that certain members of the promoter and promoter group, namely Birla Group Holdings Private Limited (BGHPL), Pilani Investments Industries Corporation Ltd and Mr. Askaran Agarwala, have agreed to sell their cumulative stake of 24.96% in the company to Anupam Rasayan India Private Limited (ARIPL) at a total consideration of Rs. 148.14 core. In view of the proposed transaction, TIL, ARIPL, BGHPL and Tamil Nadu Industrial Development Corporation Limited (TIDCO) have entered into an amendment of the joint venture agreement whereby BGHPL will be replaced by ARIL as a joint venture party, subject to the completion of certain regulatory requirements. In addition, ARIL has also announced an open offer to the public shareholders of TIL whereby it plans to acquire up to 26.0% stake in the company for a total consideration of Rs 154.31 crore.
ICRA says it has taken note of the above events and has placed the ratings of TIL under watch with developing implications. ICRA will monitor the progress of the acquisition as well as completion of the open offer as per the proposed timelines and its impact on the credit profile of the company. Accordingly, ICRA will take an appropriate rating action, going forward.
On 6th May Tanfac Industries informed the Stock Exchange that they have approved the Postal Ballot Notice for obtaining the approval of the appointment of Mr. Afzal Harunbhai Malkani (DIN : 07194226) as the Non-Executive and Non-Indenpent Director of the Company by the members of the Company. Mr.Afzal Malkani had joined Anupam Rasayan India Limited (a chemical manufacturing entity listed in March 2021 on BSE & NSE) in October 28, 2005 and was appointed as its Chief Financial Officer with effect from December 1, 2014. He has experience in corporate financing, fund raising from banks, financial institutions, private equity, treasury management, business development, mergers & acquisitions and has been heading the accounts, finance, debt management, investor relations etc. He had led the IPO of size INR 760 crores of Anupam Rasayan India Limited in 2020-21.
Financial information: -
Five year CAGR sales and profit at 20% and 74%.
TTM sales growth at 116% and TTM profit growth at 205%.
Average Roe for last 10 years at 33%, last five years at 46% and for last three years it has been 36%.
Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 71.5 (greater than 3 is good), Current ratio at 2.85 (greater than 1.5 is good), FCF to CFO at 84.2%.
Debtor days improved to 28 in March 2022 from 40 in March 2021.
On the chart I have tried to pinpoint the confluence of multiple supports and resistances as demand zones. These demand zones can prove to be good areas to accumulate this stock but prices can go down below these support levels too and stay there for many months. Buy at your own risk. One will do good if he/she can find the demand zones with at least three supports and three resistances and buy there. 200 week moving average also acts as a good support.
Disclaimer : I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
BTCUSD Bybit Chart Analysis May 4
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 4.
After writing the analysis article, Bitcoin movement.
More details are at the bottom of the May 3 analysis article,
I've put it together, so please check it out.
Bitcoin 30 minute chart.
I marked the main sections with black fingers.
Nasdaq is extreme sideway move -> Bitcoin Down trend sideway.
Finally, Bitcoin seems to be crazy haha.
BTCUSD 4hour MACD deadcross.
break the green support line,
While detouring, proceed with the blue finger movement path.
The sideways trade ended without any rebound.
Depending on the strategy, the upside will break out of the green support line and lose the weakness.
The short operation is a profit section of 844.5 dollars.
Yesterday, I was concerned about the possibility of extreme sideways trade.
It looks like a down trend sideway , and is organized by manual liquidation.
It's on a slight rebound, so let's take a look at it overall.
I'll see you later.
Nasdaq 4 hour chart.
Today's approximate Top and Bottom prices are displayed.
Interest rate related at Korea time 3 am today,
There is an announcement of key indicators.
I think that's why it's been going sideways lately.
Because the direction is ambiguous now
While walking sideways, I hope that there will be no big trend in the early morning hours.
Within the red resistance/green support line convergence
Movement is a sideways guarantee
Top price, bottom price trend section
I'll take a closer look at the whole thing.
Bitcoin 4 hour chart.
Today's approximate Top and Bottom prices are displayed.
around the purple support line,
I intentionally indicated a strong trend.
Red up / light blue down movement path check.
I made today's trading strategy.
This is a 30-minute chart one-way long position strategy.
I also left a finger drop pattern that can only be seen in the eyes of good people.
Yesterday it fell stronger than the Nasdaq.
The danger signal has been removed,
It is a trend market strategy in preparation for the indicator release time.
Unless the Nasdaq crashes,
The blue and blue support line at the bottom
It looks more sturdy than I thought.
Yesterday's rebound also came out neatly.
Everyone is having a hard time these days because of the sideways trade of the Nasdaq.
Wait until 9pm if there is no wave
Pattern check from 11 am,
You can prepare for a counter sale around 3 o'clock.
For those who find it difficult, we recommend waiting without a position or staying in position.
* When the red arrow moves
Short -> Long Switching Strategy
1. $38591 short position entry section / Stop loss when the red resistance line is broken
2. 38060.5 long position switching section / Stop loss when the green support line is broken
The final target will be the Top price, and the daily chart will be created tomorrow morning.
MACD Golden Cross comes out
It's perfect.
Today, depending on the situation, check whether you are hitting up or down.
In the case of sideways trading by 9 o'clock, it seems advantageous to prepare for a reverse trade.
In the upper touch sideways section, the major switching seems to be advantageous for the Minor alt -> long position entry timing.
Principle trading / Stop loss is essential, I hope that you operate safely.
thank you.
Bollinger Band ~~Nifty 50 Nifty Technical View
Bollinger Bands are a type of price envelope developed by John BollingerOpens in a new window. (Price envelopes define upper and lower price range levels.) Bollinger Bands are envelopes plotted at a standard deviation level above and below a simple moving average of the price. Because the distance of the bands is based on standard deviation, they adjust to volatility swings in the underlying price.
Bollinger Bands use 2 parameters, Period and Standard Deviations, StdDev. The default values are 20 for period, and 2 for standard deviations, although you may customize the combinations.
Bollinger bands help determine whether prices are high or low on a relative basis. They are used in pairs, both upper and lower bands and in conjunction with a moving average. Further, the pair of bands is not intended to be used on its own. Use the pair to confirm signals given with other indicators.
BFUTILITIE : 30% . Holding period :3 months. Nothing is more powerful than trendlines. No Indicators. Purely based on trendlines and price action.
I am going long in this amazing patter with my 50 % of Fund. Let get some profits!
Buy at CMP.
Holding period is 3 months.
Target 30%
SL 15%.
Shift to day and hour for entry.