Tata steel is in buy trend. It breakout the resistance at 167.5. The price didn't retest at this level. So wait for retracement. If trend reversal occurs after retracement we can go for buy. The target will be 210. Stop-loss should be put below 165. Risk reward ratio is 3
I am currently bullish on Bank Nifty, anticipating a retracement to the last swing level before breaking out above yesterday's high. My overall view for Bank Nifty is bullish, but considering it's currently in a resistance zone, the next bullish move may occur after a retracement.
Bitcoin Update on 15.05.2024 A.O.A And Good Morning To All Brother and Sisters! Today Is Important Day. CPI number Day. And Bring a Lot Of Volatility. And Maybe The Right Day To Complete our Retracement. Take In Mind All Arrows. These are The Main Resistance and Supports. Retracement Level On Weekly TF is 54613. If We Touch This Level then We Have Finally The...
💎Paradisers, #TRUUSDT is currently demonstrating a bullish market structure, characterized by two significant bullish FVG (Fair Value Gap) patterns. Presently, the price trajectory is sharply upward, prompting anticipation of an impending retracement. 💎 As #TRU approaches a minor support level, traders should exercise caution, as this level may serve as a...
**Support Levels (08/01/2024):** 1. **Primary Support Zone: 48048 to 48000** - This is the initial and primary support zone. If Bank Nifty opens above this zone, it suggests potential strength. 2. **Secondary Support Levels: 47800/47600** - In case of a deeper retracement, 47800 and 47600 can act as additional support levels. These levels may provide...
1. **Primary Support: 48500 (Previous Resistance, now acting as Support)** - If the market opens above 48500, watch for sustained trading above this level. If it holds, it could signify a potential shift in momentum, turning the previous resistance into support. 2. **Secondary Support: 48213** - This remains a crucial support level based on your previous...
Bitcoin Dominance Chart Analysis: Market Insights and Predictions Bitcoin dominance, or BTC dominance, is a metric that measures the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies. This indicator is used to gauge the strength of Bitcoin relative to the broader crypto market. Currently, Bitcoin dominance stands...
Banknifty is clearly showing bullishness. I've marked the important levels on the chart. I will be buying only after a retracement. Only an upward move without retracement is not a sustained movement. Banknifty has given a breakout in the daily frame. Sideways - 47386 to 47572 Bullish above 47572 with targets 47731, 47830 and 47989 Bearish below 47386 with...
As you can see we are in a very strong uptrend and price has reached at the level of a significant/psychological SNR & SUPPLY ZONE. Because of frequent sudden strong moves price did not have time for stabilisation but now it appears market is trying to find some sort of stability. On a Daily bias because of strong bearish candle (marked in the chart) market will...
I have used the same words on the chart and repeating them here also for the purpose that you can read many times and understand the level of analysis. Firstly, read here and then alongwith chart. Some one has asked me a question or in other terms raised a doubt regarding Voltas. His/her view is that Voltas is in downtrend before a level of 844. 1. I am happy...
How I see NF going forward............... You have to be extremely careful in the ZONE marked between 61.8 and 78.6% retracement of the entire RISE/FALL from 20200 odd to 18846 odd. I would be cautious at even getting to 61.8% retracement. This does not mean by any standards that Nifty will not go up further...................... BUT......The POSSIBILITY of an AB...
Rune 1W Analysis: - Rune has shown an impulsive move staggering gains of around 200-250% from our entry - Rune currently is at a weekly supply - Mitigation of that weekly supply can lead to a 20-50% retracement. - IMO Rune can first pierce the weekly supply trap Buy side liquidity and then start dropping. - Do not FOMO here rather just observe and try to be a...
-Last week, gold crossed the Supply around 1830-1832. -With 1846, speed up the price and minor retracement for buying opportunity without any significant retracement. -Now, the Demand and Supply marked on the chart -This is a buying setup, but needs to wait until 1867-1875 -The weekly demand zone is 1880-1895 -After touching the strong demand zone 1867-1875,...
NSE:JKCEMENT I wish you and your family a very happy Ganesh Chaturthi. JK cement trading idea on this chart you can see the price has broken out of its downtrend resistance line and formed a FLAG TYPE range and it's consolidating around 3335. -The recent up leg has a 0.618 Ratio retracement. -Price is trading above its medium-term and long-term exponential...
Nifty has formed an inside candle on the daily charts and has closed 76 points higher near the previous day high. It gave a bullish move and consolidated in the second half while banknifty kept on moving higher and higher. It is already trading near the ATH and tomorrow being a weekly expiry there can be a retracement on the chart. On the hourly charts, there...
Fantom looking bullish on the weekly chart price retraced back to the 32.8% fibonachi retracement. I believe we are at the finishing of wave 4 out of the 5 wave Elliot wave theory. Looking back in August 2020 we top out and retrace exactly at the 38.2% fibonachi retracement, if history repeat we are likely bottom. After all we are still in a daily uptrend. We...
I started picking up this one at 15-18 apprx 2-3 months ago and kept buying untill 10/.... with some large quantities accumulated at an average of 12/65..... I went long on it. at 32/ I squared all my Longs.... and waited and waited and waited for the retracement. What most think of as a retracement to New Lows..... I dont think so. It has come all the way down to...
DJI technically downtrend Analysis 1 DJI doesn't break the DAY and 1HR Trend line. seems sell retracement. once cross down and sustain 33500 means the fall down to 33350.... 33350 to 33200 is demand zone...if the demand zone invalided means the price fall down to 33000... (a) sell stop risk entry 33600 safe entry 33450 targets 33350/33250/33150/33050 buy stop...