Reliance likely to fall further in coming trading sessionReliance NSE is likely to fall further in coming days as the chart shows .
Short
PayTm, What to do ? What levels ahead ?Paytm -
1. Sell of after open and closed 27.4 % lower.
2. Two attempts were made of buying from 1600 zone -
a. One from 1586 leading to 1723.
b. Second one from 1616 which made lower high than previous swing meaning buyers were getting weaker.
3. Finally sustained below 1600 as buyers failed to fight the selling pressure.
4. Closed near low which means more selling likely. Highs are also being sold.
5. Measured move leads us to around 1450 level.
10% circuit leads us to 14004 levels. These will be our first levels for Monday.
6. Up side this premise will be invalidated if it sustains above 1725.
BIRLA SOFT - INTRADAY/SWINGShort Below 455
SL 501
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
BPCL IN DAILY TF. H&S FORMATIONHello, Hope y'all are fine.
This the chart of BPCL in daily timeframe.
We have a Head & Shoulder forming here.So you can expect a downside target upto 385 and 365
Breaking the neckline will be the entry.
SHORT - TATA STEELExcellent Shorting opportunity in NSE:TATASTEEL ,
as metal sector looks weak for next few weeks, it will be safe initiate a short trade in TATA STEEL.
ENTRY : Below 1220
SL : 1270
TARGET : 1180/1130/1100
NOTE :This post is just for educational purpose. Do consult with your financial advisor before taking any trade.
Thank you.
TATA CHEMICAL - INTRA DAY/SWINGShort Below 931
SL 956
Try keeping Risk Reward 1:1 and Book Quick Profits
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
ZEEL - INTRADAY Short ZEEL Below 323
SL 336
Try keeping Risk Reward 1:1 and Book Quick Profits
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
RSI Divergence in Gold. RSI divergence is observed in Gold from last few sessions. It's better to Square off long positions at the earliest and wait for sometime because RSI divergence indicates bearish sentiments and we can expect a good fall very soon
TECH MAHINDRA - INTRADAY/SWINGShort Below 1573
SL 1601
Try keeping Risk Reward 1:1 and Book Quick Profits
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
TATASTLBSL Ready to break nowAbove 90 to 95
Target 100 110 120++
Short term
Safe can book full profit @ 105
BTC IMMINENT CRASH! 70K TOP / FINDING ITS SUPPORT @ 52K TO 50KNO ONE CAN GO PARABOLIC, NEITHER ELON MUSK NOR BITCOIN BIG DADDY CAN GO UP WITHOUT HAVING A STRONG LEG DOWN - PERIOD.
BTC GONNA CRASH @ 70K / SUPPORT @ 21W EMA / 50K TO 52K / SHORT @ 70k
REASONS / INDIAN ELITE BTC SNIPER v4.0 / IN MY HUMBLE OPINION
1. BULLISH TREND - RISING WEDGE PATTERN indicating TREND REVERSAL in the mid term (as the same MAY 2021 Crash)
2. HEAD AND SHOULDERS PATTERN - formation of head and shoulders pattern
3. WYCKOFF DISTRIBUTION PATTERN / As the same Feb 21 - May 21
4. ABC correction wave Imminent / finding its support @ golden 0.618 fib around 50k -52k
5. 21 Week EMA @ 51530 at the time of publishing.
6. LONG @ 50 - 52K TILL 135K, THEN EXIT THE MARKET
PROS OF BTC CRASH
1. HEALTHY CRASH FLUSHING OUT OVER LEVERAGED PLAYERS (>3X)
2. EXTREMELY BULLISH , AS SOON AS THE CRASH HAPPENS, CONSOLIDATION FOR 15 TO 25 DAYS ( JAN 2022), THEN BTC GONNA GO PARABOLIC TO 135K, FINISHING THE CYCLE AROUND 150 K @ MAR 15/22.
3. THIS MARKET CYCLE ISN'T OVER WITHOUT BTC CROSSING 100K -PERIOD.
4. THANKS TO BENJAMIN COWEN @ CRYTPOVERSE FOR HELPING ME GAIN SO MUCH KNOWLEDGE.
THANK THE GOD / ALL GLORY GOES TO HIM. THANK YOU.
Bitcoin's rising wedge on the 4hBitcoin is forming a rising wedge on the 4h (what is a bearish pattern). If it breaks the lower support then we're likely to see the 57-58K range.
This may be a nice bounce since we're seeing a nice a wick from the bottom.
Let's hope this will be a trend reversal but we should also be aware of the Bitcoin fundamentals which can (slightly) change (ie. the Taproot Upgrade).
But, I'm still bullish for the future! To be honest with y'all I've de-risked a lot of my perps and are foremostly in spot because we're right now in a breaking point in my opinion (if we go down, we go down hard, if we go up, we go up but slighly slower)
The VPVR shows a lot of buying pressure at around 63K and not so much selling pressure above the current price.
If we break the current red zone, the next resistance that I'm watching is at around 65.5K.
NIFTY MIDCAP 100 SHORTNifty midcap 100 has made a double top with a swing low ( higher low ) on daily timeframe we would see a drop in auto sector since then.
Short term- INTELLECT DESIGNNext resistance of share is near 780
So if stock doesnt give retest on 780 levels, u can go for short
And if share gives proper retest on 780 levels u can go for long
HDFCAMCAs we see HDFCAMC was in sideway moment on weekly timeframe it was taking support @2750 level and taking resistance @ 3300 level
Finally this week on candle close red belowe support level @2650 so we can see down moment for next few days..
Our TGT should be 2350 SL should be 2800
GBPAUD 30 Min Timeframeforming structure to short this one. price has reach to the bottom before shoots upside. lets wait what the market going to do.
Breakout of the Triangle When looking at the current BTC price you can see it broke down out of the symmetrical triangle and also broke the horizontal support.
We also got a 4 hour close out of the triangle, so I'd say we have a confirmed breakdown. I closed all of my long positions earlier today but I still don't know yet if I should short or not, since we were in a heavy uptrend. The RSI is heading a little bit lower and the VPVR shows a gap in the volume (so not so much buying pressure).
If I signal buying pressure from the bulls, I might reconsider to open up a new long lev position (low lev). But with leverage I'm careful because it can go fast and I don't want to be high leveraged on the wrong side.
But I'm definitely keeping my eye on the green support zone.
Reliance share short term investment10 percent growth expected , within 1- 2months , there is high chance of reversal trend, the power of this stock is that much high that it can uplift the market all by itself , it is a big bull stock , both good for long term investment and short term
BANKNIFTY POSSIBLE SETUPSwait for breakout and retest of any side to enter
NOTE: THIS SETUP IS FOR EDUCATIONAL PURPOSE ONLY!
Nifty in potential resistance zoneNifty
CMP 17964
Nifty has tested potential resistance zone today
______________________________________________________________________________________________________
Given the set up,
one may consider selling Nifty 18400 Call option for 25 Nov expiry in the range of 120-125
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Bitcoin's Symmetrical TriangleBitcoin is forming a symmetrical triangle on the 4H. As can be seen it bounced perfectly during the dump and I might be looking for a long opportunity somewhere in the green area. If we bounce of course, if not, it may offer a opportunity to short but I'll pass that one probably.
If we break up the technical target is around 68K, if we break down the technical target is at around 53K (which I don't hope for but wouldn't be something extraordinary)
Bear in mind that we haven't had a real correction ever since the 40K level of september ;)
Let me know what you think
EUR/USDOverall Trend is bearish on Monthly , Weekly , Daily
Waiting for lower-high (L.H) to form on daily time-frame.
