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BANKNIFTY GANN MASTER FORECASTING CYCLE UPDATE JUNE 2024 EXPIRYW D Gann's Master Forecasting Cycle for BankNifty is depicted on the Monthly chart.The important cycle date was June 2023 where we hit nearly the 45000 on the index the high was 44787.10 missing it by 212.90 points. The chart shows the Wheel within Wheel concept to zoom in within the cycle. The important month timewise is Sept 2024. We had a cluster time cycle in April/May 2024 with Oct 2023 was the Birthzone of the Wheel within Wheel Cycle. time is important in Gann analysis and we got the proof of it in Oct 2023. Price Cycle shows the important Price hit at 48600 with the high coming in it at 48636.35 in Dec 2023. the Lows of Oct 2023 came in at the important geometrical level of 43200. As per the price cycle vibrations we need to cross the 52200 important level. The Price cycle point is the first section of growth of the new extended cycle from Lows of March 2020. To conclude we need to remember Price Cycle Point of 52200 and time cycle Point of Sept 2024. Happy Trading !!!
NSE:BANKNIFTY
by kbr9121965
TATACONSUM - SHORT?One has to be brave to call a Short in this stock. It's a market favourite plus part of Nifty 50. Still looking at the chart and options data, I'm wondering if the bearish H&S pattern will actually play out, or not? But to me it looks like sell on rise until it closes above 1125. At the time of writing 2:40pm on Fri 03May'24: CMP 1097 Highest calls are at 1200, then at 1150 and most are holding still! Highest puts are at 1100, then at 1050 and most are holding these as well! So the jury is still out on who will win but it's tilting towards call writers so bearish... The duration of Right shoulder is almost equal to that of the Left shoulder. That signifies that the stock is ready to zoom down 'any day now!' Notice that the neckline is around 1080. The height formed from neckline to the peak is approx. 186 points. That tell us that if TATACONSUM breaks below 1080 'convincingly' then eventual target could be 896. But I think that's a bit of a stretch as of now. There are many supporting indicators on different timeframes too but I'll leave that to you guys to analyse. :)) Sticking my neck out now: Once it closes well below 1080, first target would be 1050. If the market is also pretty bearish (anything can happen), then the next target would be 980 where it touches the channel top formed before. Beware that this stock has a tendency to jump or dip fast. Let's see how it all pans out... Disclaimer: I am not a SEBI certified anything :) so this is for chart enthusiasts like me for educational purposes only.
NSE:TATACONSUMShort
by lokhandi
the asset demonstrates bullishnessThe Floki Inu price between the bulls and bears was intense throughout the chart. Since its April 13 low of $0.0001100, the price has been riding an uptrend-based trendline, and gradually, bulls are getting traction and may reach higher levels. Floki Inu Climbing On A Ladder, Would It Keep On Riding Higher? The Floki crypto rose massively during the start of March 2024 and reached a peak of $0.0003000 by March 11th, 2024. In a matter of days, the price evolved with massive gains. However, it failed to sustain its gains and deteriorated in a wedge until it returned to its prior best support at $0.0001100. However, the Floki Inu crypto has demonstrated a rebound as the price surged from a critical formed support level of around $0.0001100 on the chart by April 13th. The price showed the failure of bears, and bull pressure started to rise, which led its price to break out from the wedge. At press time, the crypto is trading at $0.0002322 with an intraday gains of 5.48%. The Floki crypto appears primed for a phenomenal rally amid positivity spread by various personalities on social platforms. Hence, if it accumulates sufficient buying power, it could even break the resistance level of $0.0003000 and zoom to new highs above this resistance. Similarly, indicator-wise, the asset demonstrates bullishness as it is above 50-day and 200-day EMAs. Likewise, MACD shows a bullish cross above the zero line, with histogram at 0.0000035425 and the RSI flashing at 64.20. On the contrary, if the FLOKI declines and breaks the previous swing low of $0.0001585, the breakout could fail, and the pattern will lose its significance and become invalid. With this failure in this situation, buyers could be paralyzed, causing them to decline towards lower support.
CRYPTO:FLOKIUSDLong
by Sam_TCR
1
the asset is demonstrating bullishness The Floki crypto rose massively during the start of March 2024 and reached a peak of $0.00030000 by March 11th, 2024, in a matter of days the price evolved with massive gains. But, failed to sustain its gains and deteriorated in a wedge, until it was back to its prior best support, which was at $0.00011000. However, the Floki Inu crypto has demonstrated a rebound as the price surged from a critical formed support level of around $0.00011000 on the chart, by April 13th. The price showed the failure of bears, and bull pressure started to rise, which led its price to break out from the wedge. At press time, the crypto is trading at $0.0001976 with an intraday gains of 2.50%. The Floki crypto appears primed for a phenomenal rally amid positivity spread by various personalities on social platform. Hence, if it accumulates sufficient buying power, it could even break the resistance level of $0.00030000 and could zoom to new highs above this resistance Similarly, indicator-wise, the asset is demonstrating bullishness as it is above 50-day and 200-day EMAs. Likewise, MACD shows a bullish cross above zero line at 0.00000680, and RSI flashing at 55.98. On the contrary, if the FLOKI declines and breaks the previous swing low of $0.00015850, the breakout could fail, and the pattern will lose its significance and it will become invalid. With this failure in this situation, buyers could be paralyzed, causing them to decline towards lower support.
CRYPTO:FLOKIUSDLong
by Sam_TCR
the EGO asset is exhibiting slight bullish performanceThe Paysenger (EGO) cryptocurrency experienced an intense price movement over the daily chart, indicating that bulls were in control from the last week of February 2024. The price rose from $0.04250 and reached its highest point at $0.13000 on March 20th, 2024. However, the bulls lost strength, allowing the bears to take over and causing the price to fall as the bears dominated the chart. The uptrend was broken, and the price declined, forming a lower low structure on the daily chart. Recently, the EGO crypto has indicated a sign of turnaround as the price has shown bear resistance and displays some positivity on a key level of around $0.05600 on the chart. The Paysenger crypto is primed for a phenomenal rally, as it accumulates power to break the resistance level ahead and could zoom to new highs from the current base zone. The EGO asset is displaying bullish strength and rising tendency as it sustains at support and approaches major 20-day and 50-day EMA's to cut from below. In the same way, the EGO asset is exhibiting slight bullish performance as MACD started to converge, which is at -0.00361 and the RSI is not close to the 70 level yet, meaning that the Paysenger asset is not facing significant selling pressure and it is above 14-SMA, which highlights that it can continue to rise. Likewise, it has delivered good results in the previous week, by 2.72% gradual gains, which signifies a beginning of solid upward momentum in the coming sessions. At press time, the EGO price is at $0.06162 and shows an intraday surge of 0.26%. If the EGO price manages to sustain effectively at $0.05600 critical support, the chances of buyers interest increasing could be higher, which can lead its price towards $0.08300, and $0.11700. If the price of EGO drops further and breaks its support at $0.05600, it may reach the demand zone, which could potentially cause a decrease in the EGO price.
Long
by Sam_TCR
Ocean protocol daily chart analysisThe Ocean Protocol cryptocurrency is displaying bullish characteristics, as its volume, development activity, and open interest are all supporting the price. This suggests that it has the potential for further growth. Similarly, on the price chart, it has demonstrated good performance during the past week, month, and three months by 16.60%, 189.73%, and 148.49% respectively, indicating a reliable upward trend. The OCEAN crypto experienced a higher 7.47% increase in the last 24 hours, and it is currently trading at $1.2575 at press time. Therefore, the Ocean Protocol crypto has exhibited a sturdy recovery as the price turned around from a critical key level of around $0.30 on the chart. If the OCEAN crypto continues to follow that bounced rally, it might continue to gear upward and the rally may continue to keep going in an upward direction to pierce through the resisting hurdle levels. It may zoom to new heights towards testing the major supply level from the current price level. Correspondingly, the OCEAN asset is showing bullish strength and rising potential as it sustains above major 20-day and 50-day EMA bands. Likewise, the asset appears to be in a strong upward trend as the MACD shows a broad histogram, which is at 0.02595 and shows a bullish crossover. The MACD line is at 0.1625 and the signal line is at 0.1365. The daily chart shows a wider northward trend and indicators support the price. Therefore, If demand for the OCEAN token remains at its peak, its price could reach $1.50. However, $1.350 would be the primary resistance level. Another possibility would be, that if the Ocean Protocol crypto price fails to stay above the $1.10 price level, it could decline further.
CRYPTO:OCEANUSDLong
by Sam_TCR
Cracking the Code: Patterns, Breakout and Fundamentals Hey Traders! Ready for a chill breakdown of Happiest Minds Technologies? Let's Start Happiest Minds Technologies is an IT consulting and services company focusing on digital transformation, offering a range of services from digital business to security. 📊 Patterns Party on Weekly Chart Check out the weekly chart – it's like a pattern carnival: falling wedge, triple bottom, triangle, downtrend line – you name it! Zoom in on the daily chart, and you'll spot the mysterious head and shoulders pattern, though it's not exactly accurate. Heads up, the HAPPSTMNDS chart is basically a puzzle waiting to be solved. 📈 Battlefield: Levels 940 to 970 Picture this: 940 to 970 is the battleground for buyers and sellers over the past three years. It's like a game – multiple tests, bouncing off, doing the support and resistance Drama. Drama at its finest! 🚀 Breakout Drama Unfolding 📉 Drama alert! Downtrend line breakthrough and a sneaky hint of the head and shoulders pattern on the daily chart. The current price is 948, but hang on – for a real win, we need it to close above 970 with some oomph (that's strong volume, folks). Hold your horses, though. If the price got rejected from key levels, our buy entry plan might need a rethink. 🔍 Weekly Candle Mystery The weekly chart has this cool triangle pattern, but it's just Monday. Let's see where the Friday close takes us. Focus on the daily chart for now. It's like binge-watching a series – adapt your strategy as the plot thickens! 📊 Fundamentals Analysis: Financially, it's categorized as a Small Cap with a market cap of ₹14,501.13 Cr. The Price-Earning ratio stands at 62.50, with a PEG ratio of 0.87 and a Dividend Yield of 0.57%. Despite a high PE ratio, the company demonstrates strong fundamentals. It has a robust ROE track record (34.03%) and has maintained an average profit growth of 43.37% over the last 3 years. Over 5 years, revenue has grown at an impressive 25.81% yearly, exceeding the industry average. Market share has increased from 0.11% to 0.2%, and free cash flow growth is outstanding at 220.62%, compared to the industry average of 14.45%. The company also boasts a healthy dividend payout of 30.2%. However, there are concerns, such as a decrease in promoter holding by -1.89% in the last quarter. Overall, Happiest Minds Technologies appears to be a promising player in the digital transformation space, with strong financials and consistent growth. Investors should monitor promoter holding trends for potential impacts on the stock's performance. Lastly, big thanks for the likes & comments. Remember, trading is like figuring out puzzles – takes time, but it's fun! 📈🚀🔍 In trading and life, "Create your own opportunities." 🌟 Stay positive and strategic! 🌟 Note: This analysis is just for learning, not a trading tip, as I'm not a SEBI registered Analyst.
NSE:HAPPSTMNDS
by AfnanTAjuddin
3