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Weekly BTC-USD(27th December)After consolidating in the range of $46,000 to $50,000 from the last 15-20 days, BTC closed the last week on a positive note with ~8.81% gains. Other crypto assets also witnessed a positive week as the combined crypto market increased from $2.10 Tr to close the week at $2.395 Tr. BTC formed a strong weekly candle which slightly depicts further movement to the higher side that can be expected in the coming days. As per the Daily TF, BTC is trading between its 200-DEMA and 50-DEMA for the last 4 days but the trading range is getting narrower with every passing day, which suggests that a breakout can be expected in the coming days. On the higher side, the immediate resistance is presented by 50-DEMA which is placed at $52,500, however, a decisive breakout above this level can trigger a fresh new move to the higher side till the first level of $54,000 followed by $55,600. On the lower side, BTC has sustained above its 200-DEMA from last 4-5 days, which suggests that strong buying pressure is present at this level, but if bears managed to break this level again, downside rally can continue for the first level of $48,500 followed by $46,000. As per the candlestick patterns, BTC has formed a Bullish Engulfing kind of pattern on the weekly TF which suggests that trend reversal is on the cards, however, momentum indicators are still lagging the strength, therefore, we advise traders to Go long only with tight Stop Loss.
COINBASE:BTCUSDLong
by TradeDog-Research
UJJIVAN READY FOR 125% RETURNS | 1:5 R2R SETUP IN UJJIVANHi Friends, Another Great Setup that should definitely be on your radar. This is a positional trade with 20-25% STOPLOSS and a WHOPPING 125% TARGET MAJOR LEVELS are marked on the charts and detailed explanation below. LIKE | COMMENT and SHARE your thoughts 1. UJJIVAN has been trading in a DESCENDING CHANNELS Since its INCEPTION 2. Has attempted to breakout from the channel multiple times and failed (evident from the charts) 3. On the Downside it has a strong support zone (DEMAND ZONE) : Depicted by the rectangle area 4. This zone has been tested 3 times and has shown strong buying momentum in both Weekly and Monthly Timeframes 5. Given the small STOPLOSS and A Phenomenal Risk To Reward Ratio , once should NOT MISS THIS TRADE The TARGET LEVELS are marked on the CHARTS Immediate Hurdle for the STOCK would be 1. The DESCENDING TRENDLINE (depicted in the charts) 2. The CHANNEL HIGH 3. The LAST LOWER SWING HIGH As long as there is a retracement of not more than 50% FIB , You should HOLD your positions BREAKOUT from HERE ON would SEE MAJOR RALLY !!!! 3 ENTRY LEVELS have been provided to suit different trading style AGGRESIVE - ENTRY 1 CONFIRMATORY with BREAKOUT OF TRENDLINE - ENTRY 2 CHANNEL BREAKOUT TRADERS - ENTRY 3 Comment IF YOU have taken POSITIONS OR Plan to Take !!!
ULong
by FourSTechnicalAnalysis
BANK NIFTY tears apart 37K, Lifts NIFTY past 17600NIFTY 50 EOD ANALYSIS -16-09-21 IN SUMMARY O / H / L / C 17539.2 / 17644.6 / 17510.45 / 17629.5 H-L = 134 points VIX 14.41 / +4.95% FII DII: +826 Crores Likely open: Flat to mild positive. All eyes would be on BANK NIFTY - whether it can hold higher levels and attain ATH as the week draws to a close. CHART BASED CONCLUSIONS - 15 Minutes Chart A mild gap-up open was immediately sold in to and the P Close was retested but then, NIFTY never looked back though the upside move was quite choppy when compared to BANK NIFTY. The daily chart indicates that there was a strong buying that led the rise to the levels above 17600 even though the range was somewhat less when compared to BANK NIFTY. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters RELIANCE 47 ITC 34 ICICI BANK 24 SBI 23 HDFC BANK 15 TOTAL 143 The Draggers TCS 15 BPCL 12 INFOSYS 09 GRASIM 05 JSW STEEL 05 TOTAL 46 Lifter - Draggers = +97 BPCL turned ex-dividend so the fall. It is best to ignore the same. Once we do that, the strong upmove is explained easily. POSITIVES NIFTY closed at a new ATH and also hit a new ATH. And both are above 17600. BANK NIFTY tore apart 37000-37200 resistance with fury and was responsible for lifting NIFTY along with RELIANCE. BANK NIFTY ended on a new ATH and so did SBIN. FIIs have bought in good numbers so the momentum is likely to continue in the short term. NEGATIVES INFOSYS keeps coming down. HDFC made a lower close than yesterday. VIX has gone up by almost 5%. TRADING RANGE FOR 17-09-21 17300-17350 is the new support base. For the resistances, we will have to let a few days go by to see how and where it gets formed. BANK NIFTY tore apart the barriers in typical style and is now facing resistance at 37800-38000-38200. INSIGHTS / OBSERVATIONS And as mentioned yesterday, the Banking giants roared and in style today to tear apart the resistance of 37000-37200 and the short covering may have fueled further upside in the index. The fury was evident as in the AM session, even when HDFC BANK was in the red, BANK NIFTY kept rising gradually and held on to the opening low. For the last 2-3 days I have been observing that HDFC BANK is unable to make a significant impact on the indices. I am not sure if the weight has changed or the other members of the indices group have gathered all-around support. This is a good sign as any dependency on one or two scrips is not a good sign from index strength POV. A few days ago, I made an entry into IDEA at 7.3 and then gradually added few shares with every rise. Today cumulative ROI was seen at 43%! On a scrip that had trouble all over at that time, but my decision was very simple - MA-based. So the next time when your process tells you to go long/short, just go ahead. Eventually, following the right process will lead you to the right outcome. What do you feel about this? Thank you, and Happy Money Making! Umesh 16-09-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:BANKNIFTY
by AVENUESOFINVESTMENT
2
Breakout Expected In AU BANKNSE:AUBANK AU SMALL FINANCE BANK is once again heading to its all time highs with good volumes Risky Trader can buy it above 1250 Day closing basis (3:25) With a Stoploss of 1200 Day Closing Basis, target 1280-1300++ Major Resistance is 1300 which is likely to break this time Fresh and Strong Buying Will come Above 1300 on Day Closing Basis Safe Traders to Buy it Above 1300 For swing Targets will be 1320-1350-1360++ In holding period of few weeks Investors Can Accumulate it above 1300 For Targets 1600-1700-2000-2500 In 1-2-3 years++ of holding. ( NOTE- This Research is Only For Educational Means And I Request You all to please make your Own Research too before Investing We Would be not responsible for any Profit or Loss)
NSE:AUBANKLong
by Arshad_Khatib
Bitcoin Update (Daily Timeframe) + Altcoins & MoreWe expected prices to increase based on some pretty basic signals looking at the 4h timeframe for BTCUSD... This moved took place ( see it here ). What happens next with Bitcoin? Let's have a quick look at the daily timeframe but once more keeping it simple... Simple is best. Bitcoin daily managed to close 'yesterdays' candle (23-June) above EMA10 and EMA21, giving the bulls/green now the upper hand. We have three consecutive green candles but also very low volume. Low volume can be a tricky signal. It is considered bearish but is not as simple as that. First, we have to take into consideration the fact that we are in summer and volume has been low all across the board. Second, we are entering a weekend. Third, finally, low volume can signal that the action is just getting started... Or, this is just a weak move but we rather believe all the nonsense above just to support our bullish bias. The RSI is now above 50 which is a clear signal that favors the bullish side. The last one is the blue square on the chart. This is our support zone. We've been seeing strong buying in this same area since the initial strong drop in May. The goal is to hit at least $37,000 to set a local higher high... And then hit above $41,000 so that we can continue the positive outlook. All in all... We've been expecting BTC to go higher since July 21 (check the related ideas below). Altcoins Update The Altcoins vs Bitcoin pairs (ALTSBTC), the ones we trade, will continue bullish/higher highs and higher lows... All that is needed is patience with those. When the summer is over, we will get back to massive growth. Hitting like or leaving a comment is a way to show your support. Remember, it doesn't matter what happens, you will always win if you never give up. The only way to lose is by selling when prices are down. If you made a mistake at some point or your trade just didn't go as planned, you can always wait it out or simply take the loss and move on. The market offers endless opportunities... Just as prices go down... They eventually move back up. I love you my dear friend. We've been together for many years now THANKS A LOT FOR YOUR SUPPORT. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Why Bitcoin Can't Grow? $40K Possible? MA200 Resistance Expl... Bitcoin is trying to move ahead once more and strong resistance is waiting at the $35,000 price level. On this chart, we can see this level marked by the MA200 black line. Looking back (zooming out)... Here you can see how the MA200 indicator matches where Bitcoin is facing resistance each time it tries to move higher. If this level can be conquered, we can expect to see Bitcoin at $40,000 and beyond. Below MA200, we test the low at $30,000 or even lower but there was strong buying in this area... We have to wait and see how it goes. Namaste.
BITSTAMP:BTCUSDLong
by AlanSantana
Tesla Getting Ready for a Bigger RallyAfter a continuous strong rally from $70 to $900, TSLA has been pausing for a while on profit booking and consolidating. TSLA has formed Double Bottom pattern and is trying to come out of its consolidation. Our Bull Power Bear Power Indicator is showing a strong buy signal on weekly chart suggesting that slowly and steadily Bulls are taking control in TSLA. Once it resumes its uptrend, then it may rise to touch 1300-1400 levels in next 2-3 years. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
NASDAQ:TSLALong
by Gann-Elliott-Trader
1:3 Risk Reward opportunity on BATAINDIA. Wait for entryAs per my analysis, there is a strong Buy on BATAINDIA between 1350-1415 from the support zone. From the price action and MACD, I can infer that we will probably retest the interim support at 1468 and will fall further (H&S Shoulder pattern) to enter the demand zone mentioned above. My Trade on Futures: Lot Size: 550 Buy around 1415 (+1 lot) Add more at 1350 (+1 lot) Long Position Average: 1383 (for 2 lots) Stop Loss: 1310 (-73 points) Targets: 1620 (237 points), 1827 (444 points), Open (Please book your profit on the first target itself or trail your SL to 1550). Risk Reward: 1:3 Return on Capital Investment: 3,76,530 Max Loss: 80,300 (21.3%) Profit on the first target: 2,60,700 (69.24%) Time: 3-4 months Cost of Rollover: Just buy the farthest future. Likely cost: INR 3000 - 4000 Fundamental Analysis Increase in FII shareholding in Dec 2020 as against Sep 2020. Sales are likely to boost once the offices reopen and travel resume.
NSE:BATAINDIALong
by ShekharChatterjee
4