BTCUSDT good for short (Bitcoin short position)****************************************************************************************************
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* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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Trade entry : 37685
SL : 37848
Target : 37200 \ 36946 \ 36354
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Trading_Cafe24
Thank you :)
Shortsetup
CRUDEOIL LOOKING WEAK-SHORT ENTRYCRUDEOIL LOOKING WEAK AS PER ANALYSIS
Moving Average Observations:
Price below 50-day, 100-day and 200-day Moving average.
RSI Observations:
The Daily RSI indicator has remained below 50. This is a bearish zone. Current Daily RSI reading is 42.43.
ADX Observations:
The Daily DMI position remains bearish.
Donchian Channel Observations:
Price is below middle Donchian channel (Bearish).
Ichimoku Observations:
Price below Ichimoku clouds.
Price is below middle Bollinger band (Bearish).
#DISHTV short trade idea setup 21/11/23Greetings Folks,
today I have prepared a setup of DISHTV on NSE
the analysis is as follows-
- the price recently broke out of a descending trendline
- it created a lot of imbalance in the process
- the imbalance is essential to get filled
- the price is also making a bearish pattern i.e head & shoulder
- trade when price break the neck of the pattern
don't play with fire, always use a predefined stoploss
Aarti Ind - What happens next?It is clear from the chart that the price is near the breakout level of the rectangular channel. My setup is to see it bearish. But have to exit if sustains above 540.
The risk reward is also good in this setup.
Targets are mentioned on the chart. ( If works)
The setup is valid only if it sustains below 540.
It is only for learning and understanding purposes, not a piece of trading advice in any form.
All the best.
Try to maintain patience and calmness while trading, if you consider it to be for the long term.
NIFTYHi, in this chart i Got a Good Top in NIFTY , please Observe this levels and Analysis your own... Don't Take any orders Based on this Chart because this is just Observation purpose only.
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Maruti - Next Move?The stock price has been moving in a parallel channel in recent weeks. Can expect it to come to the lower side now. Also, a retest of the breakout at 10k levels seems due.
Other indicative actions are mentioned on the charts.
Risk-reward is good according to the setup.
Only for learning and understanding purposes, not a it of trading advice in any form.
All the best.
Zee failed upmoveIts a very volatile stock.
In the begining of the move zee was consolidating between 266 and 254.It broke down from 254 to 236 last week. It made good upmove from there. Today's judgement of zee should have helped it to sustain 254 but there is clear selling around 254 making it resistance.
Sell stl: 266
tgt 1 : 236
tgt2: 220
Disclaimer: I do not own the stock or options. This is outside of my risk profile.
Trade with caution.
Weekly Outlook [30-Oct-2023] - BankNifty & Other Indices Last week, Banknifty formed a wide range bar. We can expect a pause this week, and anticipate an Inside Candle formation. Best option right now is index plays with short option. Plan for OTM Short Strangle or ATM Short Straddle. But due to very low VIX regime, maintain tight stop loss.
Granules, Short Strangle SetupToday 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 strategy will work best.
Hit the like button!!
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes.
Thanks
S. Simranjit Singh Virdi
Simple Bank Nifty Analysis - 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
Short the SILVER(XAGUSD).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 trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
Confidence Petroleum India Ltd : Stock Analysis💡 Company Overview:
Confidence Petroleum India Ltd is a leading manufacturer of LPG cylinders and a prominent supplier of auto LPG in India. With an extensive network of bottling plants and Auto LPG dispensing stations across the country, the company also serves industrial and commercial clients through packed LPG cylinders.
💡 Financial Performance (2017-2023):
Over the years, the company's net profit has demonstrated a steady growth trajectory. This consistent increase is attributed to rising sales, indicative of a healthy operation. A gradual profit rise, rather than sudden spikes, signifies the company's stability and sustained market presence.
💡 Institutional Interest:
Recent stake additions by Domestic Institutional Investors (DIIs) highlight growing market confidence in the company. Institutional investments often indicate a positive outlook and can influence market sentiment positively.
💡 Technical Analysis:
✔️ Double Bottom Pattern:
The stock displayed a double bottom pattern, indicating a potential trend reversal. The first bottom at 45-48 initiated buying interest. The second bottom at 56-59, coupled with increased buying activity, partially confirmed the pattern.
1st Bottom (45-48):
The first bottom at 45-48 initiated buying interest, marking the start of a potential uptrend.
2nd Bottom:
Efforts to break out at 81-83 faced strong supply, causing price falls.Then the Buyers from the first bottom re-entered the market, driving the price up.
Strong Upward Movement - Double Bottom Confirmation:
A strong upward movement confirmed the double bottom pattern. The breakout above the neckline indicated a potential sustained uptrend.
✔️ Volume Analysis:
🔹Volume A: Increased volume during upward movements highlighted heightened participant interest.
🔹 Volume B: Lack of significant volume indicated market indecision or limited trading interest.
🔹 Volume C: Comparing volume with corresponding price range provided insights into market activity.
🔹 Volume D: Volume decreased during the fall from 96, indicating reduced selling pressure.
💡 Assumptions and Market Outlook:
Considering the stable financial growth, institutional interest, and technical patterns, the stock appears poised for an upward move. The formation of a doji candle in the weekly timeframe, coupled with decreasing volume alongside price, supports the assumption of weakening selling pressure and potential for an upward trend.
🔹 Day frame
The stock retested the breakout area (81-84) with low volume, suggesting potential stability at higher levels.
If you are looking for an entry try at current level cmp 84
targt 90-100-130+
Study before making an investment decision.
Thank you
Ankith Shaju
Short Setup in Marico FuturesTrend - 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 is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
TECHNICAL VIEW ON XAUUSD ( ON DAILY TIME FRAME )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) Trend analysis (MIN, HOURLY, DAILY, WEEKLY, MONTHLY )
15MIN : DOWNTREND | HOURLY : SIDEWAY | DAILY : DOWNTREND | WEEKLY : DOWNTREND | MONTHLY : NEUTRAL
4) Technical analysis (ON DAILY TF)
_RSI(14) 20.354 (Oversold) | MACD(12,26) -27.050 (Sell) | ADX(14) 49.810 (Sell) | ATR(14) 17.9862 (High Volatility)_
AUDNZD Shorting opportunity 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 short term.
However, it is important to note that the market is volatile, and there is always the possibility of a reversal. Therefore, it is important to use proper risk management techniques when trading this pair.
JINDRILLWait 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 pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
22 Sep ’23 Post Mortem on Nifty - still shows weakness 🐻🐻🐻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 is.”
I would say we had a flattish day today and a tight range. Nifty showed the tendency to fall but was eclipsed by BankNifty. There were 2 news events that took priority over the technical moves
JP Morgan adding India to emerging market’s bond market (GBI-EM Global Diversified)
Ministry of Finance - saying removal of I-CRR will give ample liquidity for banks
We will discuss both of them below in our BankNifty analysis. But most importantly - when there are news flows - it will always take precedence over the technical analysis. Thats because stock markets are mainly news driven - the element of greed/fear is amplified when news breaks out.
We discussed yesterday that the first target would be 19672, that was hit by 10.00 and things were looking quite promising for the bears. The pullback that started from there went on till 12.50 and would have given some respite for the bulls. However this did not last long and we came back to where it all started.
Nifty closed the day with a loss of 0.34% ~ 68pts on what should have been a strong down day.
Yesterday SPX closed at -1.64% loss and fell below the 2nd support line into a strong bearish territory. Compare that with India’s stock markets - we are still not there on the bearish scene. The major support is at 19310 which is another 1.8% away. Bears can still go into the weekend party seeing 3 red candles on the daily time frame.
For Monday I wish to continue my bearish stance with the first target being 19563 and second 19484. If the momentum fades and we are unable to pick a direction in the opening 2 hours - I wish to change my stance to neutral to a wait and watch mode.