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USDINR 25 Mar Expiry viewHi Folks ! USDINR is now seen in a crucial level near 76 * It has retraced only 38% from recent dip * Retest done at previous breakdown level which was also a support level earlier * Price also can be seen moving in a downtrend channel and now is at the upper level, having room to move downwards till the lower level * Chart pattern : If we look at this retracement as flag, we can also say that it is a flag Breakdown and may also give flag target which is 75 * Indicators : RSI & Stochastic also supporting the Bearish View analyzed with points observed and mentioned above Contra View : If this takes a support at immediate support level 75.5 and makes a double bottom ( reversal sign ) then wait for Break out of 76 to get a target of 76.657 No trading zone - 76 to 75.5 Strategy recommendation : Bear Call Spread Plan your Trade ! Trade your Plan !
UShort
by NeelamN
12
USDINR Next week view 18 March ExpiryUSDINR on Weekly Time frame has reached channel resistance marked in Blue parallel line at this channel resistance, on daily timeframe it has shown us a hanging man (hammer) type candle , the low of this candle is also taken down by the big bearish candle. Now this all has happened at the previous resistance level and this bearish engulf (hammer + big bearish candle) has taken down low of the bullish breakout candle too confirming fake breakout. Now, as per this price action any bounce is a Sell with Stop loss high of the hammer candle (77.150) We can also see Bearish Divergence with RSI. View : Neutral to Short with target 75.5 Counter view : if the high of the hammer is broken out, then bullish momentum continues, hence, continuing the view given in my previous post. Please check out. Strategy that can be applied : Bear Call Spread - Buy 77.25 CE Sell 77 CE (Buy OTM Sell ATM/ITM) OR Call Ratio Back Spread Buy twice of the lots of 76.5 PE and Sell 76.75 PE (Sell one lot of ITM, Buy two lots of OTM) Few things to know about this spread are below :- * Unlimited profit if the market goes down * Limited profit if market goes up * Predefined loss if the market stays within a range
U
by NeelamN
4
LONG VIEW ON NATURAL GASDear Buddies!!!!! My view on NG is Bullish Following is my study 1. My Time Frame is Hourly Basis 2. Price Action: Morning Star is Printed on a Long Term Support 3. Stochastic Just Gave a Positive Cross Over 4. My Setup is : Fake Break Down and Failed Bollinger Band Challenge 5. 5 EMA gave Positive Cross over to 13 EMA 6. Elliot Wave: My opinion is Wave C just ended and Wave 1 started with a bullish divergences clearly visible before start of Wave 1 7. One can be Bullish by making their stop loss below low of evening star upto targets till next major resistance Alert: I am Novice to the Market and at learning stage, this is just my opinion one must get ready for "what if analysis" and should accept the stop loss with full heart in case study goes wrong.
NLong
by RocksolidFinserve
investment pick on support & demand zoneibulhsgfin : cmp 205.75 trade set up : 1. buy in zone 206 to 202 2. keeping stop loss as 180 on closing basis 3. targets : 229 / 245 / 261 / 279 / 297 / 313+ technical set up : 1. parallel channel support buy 2. triangle base trend line demand zone 3. lower highs & higher lows formation in weekly pattern 4. value buy 5. stochastic RSI divergence and near oversold indicator 6. positional value pick for good short term & long term targets
ILong
by HARMONICSANAND
3
BTC HTF updatehistorically BTC tried to bottom during the end of the first bear cycle year. Year 2014 (2013 - Bull year): Bottom: Dec 2014 - Jan 2015 Bottom retest try (after 425 Days): March-April 2016 ie some crashes before halving Year 2018 (2017 - Bull Year) Bottom: Dec 2018 - Jan 2019 Bottom retest try (after 425 Days): March-April 2020 ie crash before halving Year 2022 (2021 - Bull Year) Expected Bottom: by the end of or starting of 2023 ie Dec 2022 - Jan 2023. Expected retest try(after 425 Days): Jan 2024- early March 2024 But what will be the bottom dude? let me answer that too.. :) See during past bull/bear cycles Bitcoin retraced back almost 80-85% from their ATH in Bull market to bottom in bear market. so with the present scenario retrace(80%) from 69K ATH suggesting bottom near 13K-14K(closing of previous ATH Monthly candle ie Year 2017). what about 20k then? :( You should google or I will share about three black crows in a row bear reversal signal. Generally, if three black crows are followed by a 50% drop in prices this is a strong signal of a bear market. In the past Bitcoin did the same thing twice(2nd was a retest of bottom) followed by a 50% drop in price which helped BTC to find Bottom during the Bear cycle. it took several months after 3 crows -printed and BTC dropped to its bottom. what is a chance that three crows will work? yay! don't worry. here is surprise Three black crows are getting full support from : 1. Monthly MACD bearish crossed already happened in Jan 2022(this only happened during bear cycles in past) 2. Stochastic RSI has formed the Bear cycle structure too. 3. Fisher Transform also shows signals for the bear market. so the combo of all these indicators is highly suggesting 50% more drop will happen in the future and this will help in finding the bottom for the coming bear cycle. Once this Jan 2022 is over then Bitcoin will be in three black crows in a row set up on the monthly chart. So Currently Bitcoin is trading near 33-35K and this is also Monthly EMA support. I do expect this may consolidate more for a few months in the range 46-33K and a crash of 50% or more will push down the bitcoin price in the range of 20k or maybe nosedive to 13-14K. so you must be DCA all along with those drops. overall Bitcoin may find its bottom by the end of the year 2022, and a retest of the bottom will happen near Halving 2024 so another drop in Jan-March 2024 is expected. You got two opportunities to DCA along and after the second drop, you may hold your coins for the whole year of 2025. Yay! Bull market back again in future.
BITFINEX:BTCUSD
by dCryptoMartian
3
BANK NIFTY could not sustain at high level.Bank nifty has retraced 61.8 percent of its decline. now in over bough condition. Intermediate line of pitchfork offering resistance. and divergence is there between price and oscillator. today it failed to sustain above 38550 stochastic is over bought condition but it does not mean it should decline as it has been in over bought condition for the last more than 5 days but here buying appears to be risky after this rally we should wait for bank nifty to sustain above 38550 or take out this resistance line. it has now resistance around 38370 Under these condition it is susceptible to selling for any slight adverse international or national news. please go through my previous published chart of bank nifty and nifty. don't forget to like my post. follow me to get updates
NSE:BANKNIFTY
by bijoy2526
1
Tata Motors ComebackAny pattern in a higher timeframe works out very smoothly. Here the Double Top Pattern took 7 years from the making to the execution and now the stock has been rising very steadily with growing volumes. The technicals of Tata Motors are backed by the rapidly growing EV business and a fast adaptation of the same in the country. Technical Aspect As this platform is solely a technical base so let's keep it to that only. 1. We have 2 different resistance on the chart in the monthly timeframe. Resistance 1 = 530/540 Resistance 2 = 590/600 This resistance has a high probability of breaking due to the strength of the current trend. 2. Technical Indicators of the stock are all positive at the moment in all major timeframes. (RSI, Stochastic, MACD, Bollinger Band, Supertrend, and Ichimoku). 3. Auto Sector has turned bullish this month only. Auto Sector has the same chart with the same double top pattern (given that disciples follow the discipline). These are the following reasons why Tata Motors should cross any ceiling in the current uptrend. Trade = Tata Motors is a buy at the current level with an SL at the open of the same candle - 495 Target = 1st Target is around 600 then it will be trailing.
NSE:TATAMOTORSLong
by Sarthak_Singh
3
5 MONTH CONSOLIDATION BREAKOUT On the weekly chart, the stock has decisively broken out its five months consolidation formation on a closing basis This breakout is accompanied with huge volumes indicating increased participation on rally The stock was observed from its 20, 50.and 100 Day SMA support zone which reconfirm bullish sentiments The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in bullish mode which supports rising strength as well as momentum. The above analysis indicate an up side of 1885-1925 levels
NSE:INFYLong
by tusharvispute1
DOLLAR INDEXThe Dollar index witnessed over throw or fake breakout from ascending parallel channel due to excess optimism but it is now back into the channel. Pattern wise, it seems to be forming distribution triangle. MACD is also going negative in daily time frame along with turning towards negative in weekly time frame. Once it breaks down lower side of Triangle then it could show more bearish-ness, One can go short on break down of support line of triangle with stop loss of upper line of triangle pattern. Break below this triangle can be trigger point for short. Fake Breakout of parallel channel or Over-Throw. macd in weekly converging towards negative crossover macd in daily already running in negative crossover and downtick along with increasing histogram rsi in daily down tick and below 50 range stochastic in daily also down tick and negative Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
CAPITALCOM:DXYShort
by RK_Chaarts
3