In the volatile world of commodity trading, gold stands out as a prized asset with its unique dynamics and responsiveness to market shifts. Trading gold reversals requires a keen eye for patterns and a strategic approach. This article explores a potent strategy: identifying breakdowns of previous lower lows and leveraging substantial volume to initiate trades on...
In the dynamic world of trading, the Bank Nifty (BN) showcased an intriguing scenario today, leaving traders on the edge of their seats. After a sharp initial fall, the index staged an impressive recovery, ultimately reaching new heights by the day's end. Let's delve into the details of this captivating journey and explore the potential trading opportunities it...
The chart is self explanatory...I have used log chart and the currency is changed to USD that's why the chart of NIFTY 50 is looking way different than the usual ARITHMETIC chart that we see in RUPEE index...There are various reasons why I have changed these 2 parametres which i will be covering in my next post... Charts are not the only reason why I am bullish...
My fav fintech company fresh buy above 820 however holding from much lower levels In FY27, #PolicyBazar aims to achieve an impressive milestone of INR 10 billion or more in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excluding ESOP (Employee Stock Ownership Plan) expenses. 📊 This ambitious goal is expected to be driven by a core...
After a 1.5 month long consolidation the stock has finally broken out of the channel phase forming a typical Bull & Flag pattern indicating a further upside potential confirmed by multiple timeframe analysis. This analysis is divided into two different phases based on 2 different timeframes and those are: 1. Daily Timeframe 2. 1 Hour Timeframe Daily...
Immutable Price Soars by 18%: A Bullish Turn in Sight? Immutable recorded an impressive 18% surge in its intraday value, eclipsing the performance of major cryptocurrencies like BTC, ETH, and SOL. Immutable (IMX) was exchanging hands near a critical zone, surpassing this threshold may ignite its trajectory, potentially ranking it among the top gainers in the...
BANKNIFTY Intraday Trade Setup For 03 Jul 2023 Buy-Above 44790 Sl-44680 T- 45039 45265 Sell-Below 44615 Sl-44725 T- 44370 44115 BANKNIFTY has closed at all time high with 2.58% gain last week. Last week 44100 and 43340 was the hourly range and 44500 and 43340 being the daily range. Hourly range and daily range both shifted in the upside. Index is heading...
First time in many weeks, banknifty underperformed nifty50. Ideally this move should have come last week when nifty50 had 2 more resistances to break and banknifty was near ATH. Better late than never. Nifty50 shooting pass banknifty is actually good for the entire stock markets in India. Only when all the components have caught up - a bullish trend is...
I had fully utilized my trade set up on two days; on 17th and 18th September I had this pre drawn shifted pitch fork in my chart Of course trading view has this nice facility to shifty the pitch fork and drawing parallel lines beyond pitch fork Hence I love trading view last time rally of dr ready was ended on the line no 1(red 1 no on the chart) hence my target...
As per my previous post ( ), I was supposed to go long above the triangle and short below the triangle. Market opened with a gap above the triangle, followed by a horrifying bearish morubuzu on 5min. chart. I wanted to enter long as near to swing high B as possible. So I entered 2 lots long in the second 15 min. candle @9890 with SL@ 9862 and target 9922. As...
By Surendra Greetings, astute followers of the financial landscape. Today, let's embark on a journey that delves into the captivating parallels that have unfurled within the Indian equity market. As of August 26, 2023, we stand witness to a scenario that appears to mirror a pivotal day from the annals of history – June 5, 2013. Strap in as we dissect the tale of...
Dogecoin Shows Long strides: Can DOGE Reclaim Bullish Territory? Dogecoin price seemed to be recovering intraday and had surged over 4.79% at the time of writing. The weighted sentiment curve had surpassed above the zero line indicating signs of optimistic days ahead. Dogecoin price has been on a recovery after falling below a strong dynamic support of 200 day...
Jamna Auto Industries is a manufacturer of suspension products i.e., leaf and parabolic springs for CV industry – having eight manufacturing plants with a total installed capacity of 3 Lac MT spread across the country. About the product and market segmentation – 63% contributed by OEMs while 37% by new markets in terms of products while 77%/23% by OEMs and new...
The Indian NBFC sector has witnessed exponential pace of growth in the past 5 years. This can be attributed to the growing demand for alternate sources of demand from small and medium enterprises on one hand and dismal financial prudence displayed by public Banks. Even though the SME sector is still reeling under a steep credit deficit of $50 billion owing to...
Bitcoin Market Analysis: A Glimpse into the Week Ahead Bitcoin's Ascending Path: EMA Strategy Insights As we step into a new trading week, Bitcoin is making headlines once again, hovering at a significant resistance level. Traders and analysts are keenly observing this price action, given its historical context of selling pressure at this zone. However, this...
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 3.86 Lakh is at 11000 strike followed by 3.643 Lakh at 11100 Strike and 2.57 Lakh at 11200 strike and Put writing of 6.58 Lakh at 11000 Strike followed by 2.99 Lakh at 10800 Strike and 2.51 Lakh at 10900 strike. Index is closed near 11040 level. Index support is shifting upward. As support shifted near...
1. The crude oil price difference is in a continuous decline, and it needs to be paid attention to. 2. The center of gravity is gradually shifting. In principle, yesterday's drop in crude oil prices failed to drive a sharp drop in commodities. Markets begin to shift and change from trading economic expectations. 3. If there is no major military conflict after...
Nifty index continued its positive momentum and headed towards 10759 levels. Bulls are heading to higher level index gained highest mark of the continuation 10759 and in the end of the session it closed with selling pressure. It has formed a Bullish Candle with top wick on the daily chart. It is forming higher highs – higher lows on daily scale from last three...