GBPUSD holds a confirmed place in the bear’s radar after breaking an important support line from mid-November, as well as the 200-DMA, as traders await the UK data dump and the US jobs report. That said, a daily closing below the 50% Fibonacci retracement level of the Cable pair’s upside from November 2022 to January 2023, near 1.1795, becomes necessary to witness...
Technical Observations:
1) Cup & Handle Formation (Daily Framework)
2) Falling Trendline has been Broken & the Price has made a healthy retracement.
3) RSI at a Healthy 60.82 Zone
NSE:GAIL
Ps: Not a Buy Call/Investment Advice - Market Analysis Idea Sharing Only - Please Do Your Own Research.
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I have been on leave, so no trade last week. We can clearly see Nifty in downtrend and it is yet to touch channel bottom. If there is flat opening or gap up, we can easily have 1:2 or better RR short trade next week. If there is gap down, I will wait for retracement. If Nifty breaches resistance level, I will take SL. I will not take any bullish trade next week...
Bullish Bat Harmonic completed on daily TF.
Potential Targets marked based on Fib retracement.
Security is still in the bearish zone, trading below 20 EMA.
Potential Bullish AB=CD harmonic pattern.
Resistance marked basis on current swings fib retracement. Supports marked on the basis of Fib extensions.
If 1538 is broken, next support will be 1493.
Nifty has been bearish for 7 continuous sessions which is not sustainable and a pullback is due. It is currently at a confluence of multiple support areas which is 38.2% retracement of the whole move from 15183 to 18887, trendline joining the recent swing lows of 16747 and 18353 and also the Covid trendline if you join the close of the week of Mar end and 15183....
"The global market is expected to start with a negative tone, as the overall sentiment is moderately bearish. There may be a gap-down at the beginning of the trading session. If the market takes a pullback around HDZ, we could see a minimum 23% to 38% Fibonacci retracement. On the other hand, if the gap-down sustains around the HDZ, the market could experience...
"The global market is expected to start with a negative tone, as the overall sentiment is moderately bearish. There may be a gap-down at the beginning of the trading session. If the market takes a pullback around HDZ, we could see a minimum 23% to 38% Fibonacci retracement. On the other hand, if the gap-down sustains around the HDZ, the market could experience...
"The global market is expected to start with a negative tone, as the overall sentiment is moderately bearish. There may be a gap-down at the beginning of the trading session. If the market takes a pullback around HDZ, we could see a minimum 23% to 38% Fibonacci retracement. On the other hand, if the gap-down sustains around the HDZ, the market could experience...
Technical Analysis of Nifty50 index on 4H Chart by using exponential moving averages of 20, 50, 100 and 200 periods.
Also we use Fibonacci Retracement for the analysis of levels.
As we know that the market moves in the cycles of Expansion and Contraction.
EMA (20,50,100,200)
1) EMA lines are contracted after the expansion.
2) The 50ema and 200ema are almost on...
Nifty has given a breakout from the downwards trendline after taking support from the trendline joining covid lows and swing low of 15183. It has retested that trendline and took support at that trendline which was also the breakout of the ascending triangle at 17910-17940. It formed a good W pattern in 15 min in this area and moved up but the bullish view would...
Nifty has given a breakout from the downwards trendline after taking support from the trendline joining covid lows and swing low of 15183. It has retested that trendline and took support at that trendline which was also the breakout of the ascending triangle at 17910-17940. It formed a good W pattern in 15 min in this area and moved up but the bullish view would...
As a trader one must always look for a High Confluence setup. At least 3 technical points should meet at each other to be called as high confluence setup.
In this case of $LRC
1. Price crossed trendline
2. Support zone successfully retested and created a demand.
3. Price also reversed from 50% Fib retracement.
I am loving this, I am taking trade in it with entry,...
A clear breakout of resistance trendline was seen in ban nifty and the index had come back to retest the trendline. The retest also corresponds to 50% Fibonacci retracement.
A pull back from here to 41900 (0.786 fibo) can be expected as a target.
NSE:NIFTY
Hey traders this is Nifty Chart Analysis for 06 feb 23 let's see how the events are unfolding for nifty.
#Option chain - ATM & OTM Puts written and ITM Calls Unwinding - Indication of High Probability bullishness.
#Put Call Ratio form last 3 days as follows.
1st Feb - 0.54
2nd Feb - 0.78
3rd Fed - 1.11
as you can see its increasing sign of...
