Get started

Search in ideas for "Zoom"

DOT/USDT's Inverse Cup and Handle: Bearish Hints or Reversal ?💎 Paradisers, let's zoom into DOT/USDT on the daily chart. It's sketching out an inverse cup and handle formation. Interestingly, the handle's peak faced resistance at the Fibonacci's 0.5 level, bolstering the bearish narrative. The cup's top showcases a Lower High (LH), while the handle's peak indicates a Lower Low (LL). 💎 If DOT/USDT breaches the demand threshold of 4.100, we're forecasting a descent towards the subsequent demand zones at 3.383 and potentially even 2.934. However, keep your radars on! If the price surges past the handle's peak at 5.974, it would invalidate our pattern. Stay sharp and navigate wisely, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
GBP/USD Wave Analysis: Riding the Profit Wave 📈🌊 🤑 Hold on tight for the GBP/USD profit adventure! We're cracking the code on recent moves (1-2-3-4-5) and diving into the next big thing: correction wave excitement! Let's dive into Wave ABC and snag those gains! 💰 🔍 What's Cooking: Wave Unpacked: Let's zoom into GBP/USD moves, spilling the beans on that slick five-wave setup (12345). Get the scoop on each wave's style and how they groove together for the big picture. Course Correction: Time to talk about the bounce-back waves. Check out what's in the mix for Wave ABC – levels, patterns, and when it's coming to town. Cash In on Corrections: We're sharing tips on stacking profits during correction waves. See how to time your moves right for max bucks – nail those entries and exits like a champ. Riding the BC Wave: Dive into Wave BC, the sequel to correction moves. We're breaking down the players and pieces that shape it, so you ride it smooth for gains. Risk Tamer Moves: Master risk moves during corrections. Learn savvy tricks to safeguard your stash while hauling in the loot. Tech Tools Rock: Check out tools and tricks to amp up your GBP/USD game. Use them to back up your hunches and dial in your moves. Real Talk Stories: Dig into past GBP/USD waves. It's like getting wisdom from veteran wave riders – peep the patterns, wins, and how it all played out. 📊💰 GBP/USD's in the spotlight, so get set for the profit surge! Correction wave (Wave ABC) is where the thrill's at, loaded with tasty potential wins. Stay sharp, trade bold, and get the scoop from our full-throttle analysis! (Note: Trading packs risks, and past glories don't promise future fortune. This is about learning the ropes, not financial advice. Do your homework and chat up money pros before making moves.) 🚀🤑
Long
by Greenfireforex
USD/CAD Wave Analysis: Riding the Profit Wave 📈🌊 🤑 Hold tight for the USD/CAD profit ride! We're breaking down recent moves (1-2-3-4-5) and diving into the next big thing: correction wave vibes! Let's jump into Wave ABC and grab those gains! 💰 🔍 What's Hot: Wave Breakdown: Let's zoom in on USD/CAD moves, spilling the beans on that slick five-wave setup (12345). Get the lowdown on each wave's style and how they jam together for the big picture. Course Correction: Time to chat about the comeback waves. Scope out what's cooking in Wave ABC – levels, patterns, and when it might hit the scene. Cash Splash in Corrections: We're dishing on bagging profit during correction waves. See how to time your moves right for max moolah – nail those entries and exits. Riding the BC Wave: Dive into Wave BC, the sequel to correction moves. We're breaking down the players and factors that shape it, so you ride it like a pro for gains. Risk Ninja Moves: Master risk moves during corrections. Learn savvy tricks to protect your stash while raking in the dough. Tech Tools Rock: Check out tools and tricks to boost your USD/CAD game. Use them to back up your hunches and dial in your moves. Real Talk Tales: Dig into past USD/CAD waves. It's like getting wisdom from seasoned wave riders – peep the patterns, wins, and how it all went down. 📊💰 USD/CAD's in the spotlight, so get prepped for the profit rush! Correction wave (Wave ABC) is where the action's at, loaded with juicy potential wins. Stay sharp, trade bold, and get the scoop from our full-throttle analysis! (Note: Trading packs risks, and past glory doesn't promise future fortune. This is about learning the ropes, not financial advice. Do your homework and talk shop with money pros before making moves.) 🚀🤑
Short
by Greenfireforex
GALA Triangle Pattern: Bullish Divergence Sparks Upside Soon!💎 Paradisers, let's zoom into GALA/USDT. The daily chart is sketching out a triangle pattern, and there's a bullish divergence hinting from the MACD. However, based on past observations, we might witness a consolidation phase that could last days or even weeks. 💎 For a solid bullish signal, keep an eye out for a break above the triangle pattern's resistance trendline. Post-consolidation, a surge past the 0.02881 resistance (also a previous lower high) would be our green light. If this happen, we're setting our sights on potential climbs to resistance markers at 0.03313, followed by 0.03857 and possibly even 0.04782. 💎Stay informed and navigate wisely, ParadiseSquad!
Long
by MyCryptoParadise_Nathan
Read or Regret - Head and Shoulders Pattern Alert for OP/USDT 💎 Paradisers, let's zoom into OP/USDT. On the 1-hour chart, a head and shoulder pattern is taking shape. However, there's a twist: the right shoulder is a tad shorter than the left one. This suggests we might need to see some consolidation before any potential breakdown of the demand and neckline zone at 1.394. 💎 If OP/USDT does break below this zone, our sights are set on potential descents to the demand levels at 1.279 and possibly 1.168. But remember, if the price climbs and surpasses the right shoulder's peak, specifically the 1.575 mark, this pattern might no longer hold water. 💎Stay vigilant and keep those charts close, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
XRP/USDT's Rising Wedge: Trade Alert for Potential Gains or Dips 💎 Paradisers, let's zoom into XRP/USDT. The asset has been tracing a rising wedge pattern for a while, adhering to both resistive and supportive trendlines. Interestingly, it's played a couple of traps during this phase and is currently hovering near the supportive trendline. 💎 If we witness an upward momentum from this point, potential bullish targets could be set at resistance markers of 1.344 and 1.374. On the flip side, a bearish scenario would need a dip below the demand zone at 1.231. If this breakdown occur, our sights would be set on the subsequent demand zones at 1.156 and 1.101. 💎Trade with caution and stay informed, ParadiseSquad!
by MyCryptoParadise_Nathan
Keep Bajaj Electricals in Radar.Bajaj Electricals has been trading in a sideways pattern for the past 10 months, as shown in the chart. In May, it broke out of this pattern and started moving in a upward trend. If we zoom in and look at a smaller time frame, we can see that another sideways pattern has formed within the larger pattern. We have two options: we can wait for the price to break out in multiple time frames, or we can make a smart move by taking a trade when the price retests its support level around 1223. We can consider waiting for the price to retrace and then take a trade, aiming for a potential gain of 7%. To manage risk, we can place a small stop loss. Why small Stop Loss ? Because trade have all the possibilities to fall further if it breaks it support and can come all the way to its Bigger support level. If it breaks out in a multi time frame, I will update in trading hour.
NSE:BAJAJELEC
by BullishLine
LGBBROSLTD headed for 4 digits +Attached: LGBBROSLTD Daily Chart as of 20th June 2023 Today Price gave a Clean Strong Volume Breakout making New ATH and signaling that the Blue Sky is now Open for Price to precisely breach past the 4 digit aka 1000 level mark ! - Past few candles have strong Volume buying and the Base from the Price has taken off is also well within what you may call Accumulation based on the Volume patterns - Ichimoku System also gave a Super Bullish Buy Signal today - Price is Trending up within a Channel which is visible when you Zoom out on the Weekly TF and so it is a clear case of Higher Highs and Higher Lows as per Dow Theory Up Trend
NSE:LGBBROSLTDLong
by T_Harth
PostMortem on BankNifty Today & Analysis of 20 JUN 23 + Finnifty--- How many of you were prepared for the last 1 hour move today, I assume 90% of traders would have anticipated it. The real wow moment would be if we get to see the unwinding tomorrow. At least till the 43528 levels. We added 331pts between 14.25 to close today, most of which were due to Nifty's resistance crossing or positional trade on Finnifty expiry. The truth is we will only get to know tomorrow. Banknifty's open was inline and the good news for the bear is we broke the swing low of 15th June. If you looked at the opening hour price action, banknifty was really showing signs of further selling, but it did not happen. Again we got saved by the crazy dip buyers, this is more evident in the Nifty50 chart. From 10.40 there was consistent buying in N50, but the buying momentum came to a halt near the resistance level of 18762. From 13.25 to 14.25 the pressure was building on N50 to break through the resistance - but we all knew it had to come via banknifty or finnifty. As Finnifty had expiry today, the job was simple - buy some bank stocks today and get the nifty to surge past the resistance. These big boys could really square off these purchases tomorrow & could make money both ways. The green candles from 15.00 to close is an indication of how Nifty50 surged once the resistance was breached. We literally ran out of time, otherwise we could have taken out the ATH today itself. --- 15mts TF is showing some unique signals, we are getting lower highs but the lower lows are not that distinct & sharp. For real selling pressure we need deeper lower lows. --- 1hr TF is still not bearish, it would have almost tipped in the favor or bears today if 43253 got broken. Sadly that did not happen, but I am sensing pressure getting build up & honestly banknifty did not want Nifty50 to cross the ATH. --- Finnifty Expiry Special The proof that speculation came from Finnifty is here, the surge of 0.78% when it was 0.3% down! Who would believe that! Since the markets are gung-ho & there is optimism all around - we normally dont expect markets to go in red. When in red, bouncing back to zero levels or cutting the losses - understood. But going from -0.3% to end the day with +0.4% gains - unusual ! Well, I will be a believer if we continue the green spell tomorrow also. The surge in 19450 CE was proof of this. 1577% ROI on this strike alone, you wont believe, I squared off this position at 6.5 only to see it zoom to 52.9 in the money!
NSE:BANKNIFTY
by viswaram
IndusInd Bank Net Profits Zoom 50% Price Action also showing (+)IndusInd bank trading in a bullish channel and now it is trading in mid range of that channel. Price also taken support at EMA 200 D is line. MACD and RSi also giving bullish crossover. So technically this is looking awesome on chart. Now talk about fundamentally, so here today was the result day and result is also attractive and the board of the bank also recommended a payment of dividend at the rate of 14 Per share subject to approval of the shareholders at the ensuring Annual General Meeting. So if anyone wants to go long in it, can go with given level on chart. Please follow strict stop loss. For option lover:- Sale IndusInd 1100 pe at 31 keep stop loss 62 & hedge with Buy IndusInd 1000 pe at 6.9 For naked option buying:- Buy IndusInd 1080 Ce at 53.8 keep stop loss at 13 Target 77/89/101 Please follow a strict stop loss If anyone likes my work please support me by like, follow and comment your thought on this trading idea. thankyou:))
NSE:INDUSINDBKLong
by TraderRahulPal
PostMortem on BankNifty Today & Analysis of 08 MAY 2023I am still keeping my hopes pinned on the Fibonacci levels marked as in the chart below. 43739 recent swing high, 42581 last session swing low and 43296 the 61.8% retracement level. It really looked like a short-selling setup as the bull momentum faded out after 11.15 - we went up 1.46% ~ 622pts today but it really felt like the thrust to go up further was missing. I am still not denying that the medium term trend is still bullish - but the overhang of the selling of Friday is still in the hunt. 5hr 50mts i.e barring 4 5mts candles, the rest of the trade was in a narrow range 43171 to 43390. I got the feeling that the bulls & bears has not really negotiated who is winning, thats when I checked the FIB levels. NSE:BANKNIFTY made 670pts jump in the opening 45mts of which 537pts ~ 80% of the move came inside 20mts - looks like a short covering rally. The squaring off of short CE positions were evident in the opening minutes and whoever had taken those positions overnight would have been rewarded quite well. But most of them would not have expected the range bound trade to follow after the initial spike. Since its Finnifty expiry tomorrow, there was no sign of new positions getting created to play. Guess the participants were happy to leave NSE:BANKNIFTY alone today. --- 15mts TF may have dented the hopes of few weak bears today as 2 resistances were taken out i.e. 43012 & 43253 - which leaves banknifty at a similar level as on 03 May. And most of you would remember what happened on the next day - the mighty rally of 372pts to close the ATH gap. --- 1hr even though bullish has to answer this question, will the next few sessions take NSE:BANKNIFTY below 42576 to create a lower low & make today's level as a lower high? Or will it zoom past 43750 to nullify the blip that just got created. On 5th we discussed the possibility that the news/event driven trade spoiling the technical analysis. So now we need to wait till sanity returns (mostly we will get it right on 9th May during Finnifty expiry) --- NSE:NIFTY is not looking bearish at all, its more positive than banknifty and is showing more willingness to go to 18419 levels soon. Now we all know only 1 outcome is possible - and banknifty has more than enough strength to cancel out nifty50's plans too.
NSE:BANKNIFTY
by viswaram
Cement Stocks in DANGER!🩸Attached: Custom Cement Index/ Nifty 50 Daily Chart as of 21st April 2023 (Note: The above Chart is my Custom Cement Index made up of all the F&O Cement Stocks and this is the Ratio/ Relative Strength Chart version of it, against Index Nifty 50. This gives us an idea of the Relative Strength of the Cement Stocks and used to find out whether they are likely to Outperform or Underperform.) Observations as follows: Price based: - A Clear Double Top Breakdown on the Ratio Chart with Break of Support accompanied by Bearish Power Candles!🩸 - The Ratio was in a Down Trend prior to the Range that formed. Presently the Ratio has rejected from the High of the Range and can head to the Low of the Range - If you Zoom Out on this Chart or go to the Weekly TF, a Bear Flag/ Wedge Pattern is also visible Indicator based: - Daily RSI is now in Oversold (below 30) territory indicating a Strong Bear - Daily MACD which was already in Sell has crossed below the 0 line - DMI is in Sell and ADX may start to turn up All the above Observations signal that the Cement Stock Basket is likely to Underperform🐻/ are Potential Short Candidates📉 ! Some names that have Short Setups are: ACC, AMBUJACEM (already shared in my Related Ideas), ULTRACEMCO, GRASIM, JKCEMENT
NSE:ACCShort
by T_Harth
PostMortem on BankNifty Today & Analysis of 18 APR 2023One thing I noticed this week is the variance in volatility of Nifty50 vs BankNifty. On 99 out of 100 trading days - Banknifty used to have a higher volatility than Nifty & you know what higher volatility brings to the options trading. Yes - option premium anomaly. Probably this variance was there earlier too, since I trade on BankNifty all the time - I rarely check the Nifty50 and FinNifty option premiums. But from the begining of April series - the option premiums were unusually low. I suspected it could be due to the high number of holidays this month. The reality was something different, NSE:BANKNIFTY was trading in a stable manner and the choppiness was visible in Nifty - this uncertainty made Nifty50 more susceptible to unusual option premiums. Banknifty stayed in a range today, the price moves from open to 13.05 was perfectly inline with the trend that was set from the last 3 sessions. Let me zoom out and highlight it. See the blue line, its almost a perfect straight line, the price action after 13.10 caused a blip. A fall of 387pts from the HOD to the LOD.  And why I said bank nifty was showing more signs of stability, this fall got arrested and the final closing was flat with a greenish tint. Whereas NSE:NIFTY showed weakness today also, not because of the IT sector (In fact IT was up 0.59%).  --- 15mts shows no major weakness so far. The chart is still bullish. As long as 41624 is still intact - the chart will not reverse direction. --- 1hr also is looking decently good, Just the 13.15 candle stands out from the trade today. If NSE:NIFTY shows further weakness ahead - I am not quite sure how long NSE:BANKNIFTY can stay in green. --- Just like we started discussing Finnifty Expiry from the last week - lets do it every Tuesdays henceforth. I took the expiry trades today & once the HDFC- NSE:HDFCBANK merger completes - it will be really exciting to trade NSE:CNXFINANCE because the top 4 weightage providing stocks will be the same. So we can take part in 2 expiry days in the same week. This is a blessing for anyone who is actively following the financial sector & banks in India. NSE:CNXFINANCE stayed in the range from the open to 13.25 today. The breakdown from the range came at 13.30, but anyone who looked at the red candles would have taken the trade in the short side. This fall also did not last that long, the LOD was at 13.45 and we closed more or less near the lows. The anomaly came in when the banks were doing good, but the HDFC & BAJFINANCE, BAJFINSV were pulling the index down. Thats why we had a flat day for NSE:BANKNIFTY vs red day for Finnifty. FinNifty support is at 18722 which is where it took support today. Yesterday also the first hourly candle took support at this same level. If this breaks the next support comes at 18458.
NSE:BANKNIFTY
by viswaram
NIFTYBANK - Apple's latest "Mum" bite Apple opens its first store, the new mumbite to the Financial Capital. Else where Apple starts giving savings rate of 4 plus, and has become a meme as the new bank in town. Celebration time to see how Apple will localise its tactics, to make its fame and dime intact. Country that loves Dosa in any form like, Schezwan Dosa. It is new bite for this Apple and will sure be a "Cash"meri one too. While this is an event to cherish, the banks hit the profit taking, traders trying to offset their IT losses from their banking one's finally realising the basic principle run the profits cut the losses. Back to the PSU theme, this one broke the trend line and looks set for lost glory. Many spaces looking jumpy and sure to hit the punters list. Easiest to sight is the NSE ban list for the sentiment to carry. Cash one's are in any case different stick to measure. The rotation comes to CNXPSUBANK which hit 3.1% on a day mainstream media focussed on 4% IT fall as headlines. Who said bullish news gets maximum headlines. Continue to favour this index navigate as the Private bank's pause and stop while PSU zoom ahead. 41800-42600 range to dictate.
NSE:BANKNIFTY
by sreebhashyam
PostMortem on BankNifty Today & Analysis of 13 APR 2023 ExpiryWe will start with the weekly analysis first, that is what happened in the series 7th to 13th April. The revised format is to provide an executive summary per week. This will benefit you for further research. Since 7th April was holiday, I have taken the closing price of 6th April as starting point. We had a 2.8% ~ 1148pts rally in this week. Let me zoom out and provide a perspective of what this means. If you notice we had a breakout from the 41311 levels which was the swing high of 6th April. Also notice how we broke the channel upper band. The beauty of break-outs are that the final leap will be intense - notice how we moved 367pts just in the closing hour today. The real momentum picked up once we crossed the 41624 level which was the swing high from 6th March 2023. Note the M like pattern formed then. And what followed from the was a fall to the 38690 level. From there bank nifty came back strongly & finally took out this resistance today. One particular strike ie 42000 CE stands out today, let me pull its chart here We had a rally of 3335% ie up 129pts from Rs4 today. The real power of options explained in just 1 strike! --- Coming back to the daily analysis now. Bank nifty opened at 41680 and fell for the first 5mts. From there it maintained a flattish pattern till 12.35 near the 41624 support/resistance zone. It was quite clear that if we break out from this level we will have huge momentum. However I was still looking at the bearish side. My analysis made me think bearish & plan that way. Once we started breaking out at 12.45 - there was no stopping. The momentum favored the breakout. Even though I was inclined to take a bullish position, I did not. I simply did not have enough confidence and this is where the market wronged me. As I stated earlier, 42000 CE was in my radar at 4.30 level - the magic by which it closed at 132 level still shocks me - an opportunity lost. For the option sellers who would have sold the 42500 CE and upwards never felt threatened as those strikes did not surge like the 42000 one. --- Now the 1hr chart is also screaming bullish, at least it is out of bear's hold for now. 41600 & 41800 both are safely breached. As most stock markets are skewed in favor of the bulls i.e everyone wants the stock market to go up. So when we see out-performance more people will join in and add funds - the classic FOMO effect. Since tomorrow is a holiday, we would need to wait for Monday to see further action. If we do not get any negative news from the global markets - bank nifty will be rocket-powered next week too.
NSE:BANKNIFTY
by viswaram