Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Pokarna Ltd. has been in a downtrend for quite a bit, but this week it is breaking the structure of the downtrend and shifting to an uptrend. Buy Eligibility will require I. The price to close above 420 ii. The high of this week is to be broken. The chart is for educational purposes, and trade as per your analysis.
Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Weekly Timeframe is bullish Daily Timeframe has tested it's structure 4HR Timeframe has shifted it's structure to the upside Also stock has come out of half year range
Weekly Timeframe is bullish Daily Timeframe has tested it's structure 4HR is shifted bullish structure On Daily stock has also taken liquidity from the loss
Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Past week saw a narrow range by taking 83.10 as pivot moved 0.17 on either side. One more attempt of 83.27 and reversal is fairly a good sign for a small correction towards 82.75. Market is no mood to believe decline towards even 82.50. At best we can presume that the range is gradually shifted higher between 82.70 and 83.30. Expect the range of 82.70-83.30 would...
Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
Past week saw a narrow range by taking 83.05 as pivot moved 0.27 on either side. One more attempt of 83.30 and reversal is fairly a good sign for a small correction towards 82.50.and the 82.20. Market is no mood to believe decline towards even 82.20. At best we can presume that the range is gradually shifted higher between 82.50 and 83.30. Expect the range of...
Tech Mahindra Breakout & Reversal Hi mates, sharing daily chart of Tech Mahindra as you can see on this provided chart that after hitting a all time high of 1800 levels price came down and shifted in downtrend and since then trading in downtrend and consolidating in a parallel channel but by the last session of previous week it came out from a long...
Gold price bounces off a one-week-old rising support line, as well as the 200-SMA, within a symmetrical triangle comprising levels marked since late July. Given the near-50.0 levels of the RSI and the impending bull cross on the MACD, the XAUUSD is likely to extend the latest rebound. The same highlights the 50% Fibonacci retracement of its July-August downside,...
OANDA:AUDUSD retreated on Wednesday, dragged down by the Fed’s hawkish monetary policy outlook, but continued to carve out a double bottom, a reversal technical formation typically symptomatic of a waning selling pressure that often precedes a sustained recovery in the underlying asset. To elaborate further, a double bottom is a pattern characterized by two...
Past week saw a narrow range by taking 83 as pivot moved 0.18 on either side. It is evident from the market action that the declines are used as opportunity to hedge the Imports. Market is no mood to believe decline towards even 82.20. At best we can presume that the range is gradually shifted higher between 82.50 and 83.30. Expect the range of 82.50-83.30 would...
Nifty's base has shifted higher. Traders are being cautious at higher levels because of rising Brent. Also, maybe the market is waiting for Fed's decision on rate hike in next week. Domestic markets are fine otherwise & are expected to linger higher toward 20250 in next 1-2 sessions. Today's likely range - 19950/20250
BankNifty Analysis Banknifty had a decent range bound day today, but the options premium had some unusual jumps. I wasn't prepared to take advantage of those - especially during the open period as I was scanning for Nifty strikes to sell. After a few minutes I still saw the exorbitantly high OTM premiums both for PE and CE - but still couldn't capitalise as my...
Support and Resistance Levels: The Bank Nifty recently touched a crucial support level at 43,500. This bounce off support indicates that buyers are stepping in at this level, reinforcing its significance. The next resistance level stands at 44,700, implying a potential upward movement. Saturation and Pre-COVID Levels: A positive aspect is the saturation level...