Today the price has broken the support zone and Fib retracement level of 38.20%. Also, there is a good convergence in ema bands. The price could show the volatility of 5 to 6% in this range of Fib retracement levels of 330 to 315. On the breakdown of this range we got a clear short trade of 5 to 6%. If anybody wants to trade this range then the short strangle...
- Might open gap down if break previous days low a good down can been seen - buyers will be strong only after 44700 to 44750 is broken - if break previous days high and sustain then buyers may enter till 44700 Note : Do your own analysis before making any trade or investments
Elliott wave analysis:- Impulse wave formation has been formed. 1,3,5 wave are impulse and the 5the wave was an Ending Diagonal. . if this wave has not broke above the 5th wave then we can go for short at CMP. stoploss@22.24201 if pattern failed then we have to wait and watch the wave formation. i am not a SEBI registered advisor. Before taking a...
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Trend - Negative If the price sustains below 541.40 then it could see the levels of 525 and then 510 The price gives a breakdown of 541.40 which is a 38.20% Fib retracement level. A strong bearish crossover near an important level of 28.60% (Fib retracement). The breakdown of the Bollinger band Hit the like button!! Show some energy!! Disclaimer: This...
1) Pivot point IS 1820.50 _R1 : 1828.64 | R2 : 1837.27 | R3 : 1845.24_ _S1 : 1795.44 | S2 : 1804.07 | S3 : 1812.04 _ 2) Moving average ( 5, 10, 20, 50, 100, 200) _MA5 : 1822.49(S), 1829.33(E) | MA10: 1851.61(S), 1847.47(E) | MA20: 1886.48(S), 1871.32(E) | MA50: 1907.15(S), 1900.34(E) | MA100: 1926.74(S), 1915.11(E) | MA200: 1927.75(S), 1906.52(E)_ 3)...
Sell Gold Near 1864-1866 SL= 1875 Targets- 1861/1858/1855 Take Risk as per your risk apetite Trade Wisely All the best
AUDNZD price broke out of the resistance below 1.07840 on the 3H time frame, and the price is tanking continuously and can potentially reach 1.07380. The market is giving an opportunity to risk 1 to make 1.5. This is a good opportunity for short sellers to enter the market. The risk-reward ratio is favorable, and the price is likely to continue to fall in the...
Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...
Nifty Analysis Recap from yesterday: “For tomorrow, I wish to maintain the bearish stance with the first target at 19672 and the second but strong target at 19589. Ideally the bears should be able to close the day below 19589 tomorrow and take out the 19310 early next week. One thing to remember is Nifty50 is still not bearish on the daily time frame whereas SPX...
Bn can create an H&S pattern ~ Might be sellers may enter ~ Good Support at 45800 if break a good downside move can be seen ~ Resistance may take on previous days high 45990 Note : Do your own analysis before entering into market
hey check this chart. i was tracking this from long time. and i want to give you some update with the help of this chart. please dont forget to follow me for some more interesting technical analysis.
Tomo price structure and price action indicated bearish movement and i am expecting downfall in tomo. BYBIT:TOMOUSDT.P
As shown in chart bounce from 43600 looks like a Double zigzag correction and wave (c or iii) may decline below 42500 in coming days...SL for this trade will be above 45312(Not exact).
Nifty 50 6th Sep 2023 Fair Value Gap draw on 5min TF. Here, FVG used to take entry at top and now riding this downfall identifying another FVGs down once market fall. Every Time buyers try to catch the trend every time that FVG zone rejected their pressure and consciously fall. Exit Criteria: Exit if achieve full Target or If candle close above FVG upper band.
It is clear from the charts that the stock is trading in a parallel channel. yesterday's price was rejected from the upper resistance. if the pattern continues, it should come down to the indicated levels. The logic behind entering here is a good risk-reward ratio at the moment. Only for learning and sharing purposes, not a piece of trading advice in any form....
As per Elliot wave analysis, nifty has probably completed minor waves 3 & 4 of intermediate wave (3) of primary wave 3. (Have marked in the chart) Today nifty should complete downward wave 5 (likely to end at support zone 19100 to 19150). Following which the intermediate wave (4) is likely to begin which can rally to 300 to 400 points. Will update as nifty...