Range of nifty shifted to 16500-17200.Trend line expected.actual trend line will be updated once high and low swing formed.Jan 1st week another range shift move expected. Mid term bearish and will change my view only after closing above 17200-17300. 17200-17300 is major resistance zone. Observe the FII and Pros option and future data on rise if you observe any...
COMPARING MY YESTERDAY STATEMENTS WITH TODAY'S REAL MOVE IN BNF 1. In point no.1 of trading plan what i mentioned quoting for your consideration ."last half hour buying may be deceptive.' Can you see now whole day was trending bear day. That is why I called it deceptive. In same point no1. I mentioned one more thing" red (arrow) is below pink if price do not...
The euro cross traced out a near-term price top near 0.9030 in 2017-2018 via the formation of a double top pattern. The daily studies RSI and oscillator have been shifted bearish. The shift in sentiment indicates that rallies to resistance at 0.8970-0.9030 should attract selling interest, with substantial support finds at 0.8900 and 0.8840. Below here, the focus...
Overview During the Tokyo trading session, gold experienced a dramatic fall, dropping from $2375 to $2355. This sharp decline suggests significant selling pressure and potential shifts in market sentiment. In response to this movement, traders should look for opportunities to enter the market at strategic sell zones, with each trade targeting 50 pips away to...
OI & Whale Activity Escalate: BLUR crypto on the edge of Recovery? A rise in whale transaction activity may signal an impending bullish trend reversal. The Blur price has started correlating proportionally to the increased OI data curve suggesting an initiation of a new phase. The Blur crypto has witnessed some signs of hope in the recent sessions after a strong...
Technical Analysis: Support and Resistance Levels: The asset's journey through this correction phase has highlighted critical support levels that historically signify strong buying interest. Volume Analysis: An uptick in trading volume at these support levels could be indicative of accumulation, signaling strengthening conviction among buyers and setting...
Understanding the Fibonacci Retracement Tool: Mathematical Roots: The Fibonacci retracement tool finds its origins in the intriguing Fibonacci sequence—a mathematical concept where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, and so forth). This sequence forms the groundwork for a technical analysis tool that seeks to unveil...
- **Multi-Year Breakout:** - The stock has recently experienced a breakout, covering multiple years on the charts. - This implies a significant shift in the stock's long-term trajectory, often indicative of increased investor interest. - **Strong Volume Confirmation:** - The breakout was accompanied by substantial trading volumes. - Robust volume...
With Bitcoin trading around a key resistance level and facing rejection from it on the daily timeframe, now might be a good time to consider shorting the popular cryptocurrency. While Bitcoin has experienced some significant price increases over the past year, there are indications that this momentum may be slowing down. With Bitcoin showing signs of lower...
See those value areas. Watch how close they are to one another. They practically merge into one single value area the value areas in the above chart as being small value areas or sideways price movements above and below a shifting control price. shifting value area’s low provides strong additional meaning to this control price as the shifting value area’s low...
STRK price has shown a significant display of strength between buyers and sellers, after starting with consolidating, the price wave shifted in buyers' favor for the short term. The Starknet price ascended on the daily chart from March 5th, 2024, to March 13th, 2024, the price attempted to rise and built a top on the daily chart at $2.70, from the support at...
NSE:CNXFINANCE Maximum Call writing is at 21700 strike with 5.66 Lakh followed by 4.34 Lakh Call at 22000 Strike. Maximum Put writing is at 5.78 Lakh at 21700 strike followed by 3.56 Put writing to nearer strike at 21600. The support level is shifting above to 21700. The Maximum Call and Put writing is shifting up at 21700 strike. Index may face resistance...
NSE:CNXFINANCE Maximum Call writing is at 21700 strike with 2.47 Lakh followed by 1.49 Lakh Call at 22000 Strike. Maximum Put writing is at 1.98 Lakh at 21700 strike followed by 1.04 Put writing at 21600 Strike. The support level is shifting above to 21600 - 21600 range. The Maximum Call and Put writing is shifting up at 21700 strike. If index crossed above...
After past week’s technical glitches which temporarily saw the currency pair breach the Golden rectangle, we are back again to the glued range of 83.10-83.30. At best we can see marginal shifting of the range by 0.10 on either side. A few observations As the base gradually shifting higher closer to 83, the market is no mood to believe decline towards even...
Weekly and Daily TF looks bullish and structure has shifted and it is ready for impulsive move. 4hr structure is shifted
Weekly and Daily TF looks bullish and structure has shifted and it is ready for impulsive move. 4Hr is also shifted
Daily TF looks bullish and structure has shifted and it is ready for impulsive move. 4HR structure has also shifted
Weekly and Daily TF looks bullish and structure has shifted and it is ready for impulsive move. 4HR has also shifted