BTC SHORT SETUP BTC SHORT SETUP
Trendline Breakdowns are some fo the Best Setups to trade with very easy and sharp levels
BTC trendline breakdown
1% Trade Opportunity
Entry level 70550
Target 69550 600
Shortsetup
Rally is about to end in MCX GOLD ?MCX Gold has rallied one way from 62000 to 67000 in last 5 weeks without any major retracements.
Gold is currently respecting a rising channel pattern & currently trading at higher end of this channel pattern. I'm expecting gold to correct and touch bottom of this rising channel.
I tried to short gold last week but it went sideways so I had to close. Closed that position in 700-750 rupees in profit.
I am seeing a trading opportunity in gold.
Here's a trading opportunity.
GOLD CMP - 66780
I'm taking short positions in Gold June Future at CMP 67160.
Holding Future short position with Stoploss 67600.
I'm also planning to short MAY 65000 CE positionally which is now trading at 2500-2600.
I'm expecting a correction in Gold very soon.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Every Signal is Greed | Short BiasOn Week Chart
I found the same condition in the past when BTC's downed
- RSI Overbought
- ADX move up to 84, I marked the yellow line at 84 you can see on the chart
- BTC Dom has rejected at 55%
So I think BTC will pullback soon and $50K can be a support
Time will tell
Nifty me DowntrendNifty me Downtrend
As you can see in chart nifty took exact resistance from FIBB Golden Zone and is now following downtrend. reason and targets as follows,
Reason -
- Major Trendline Breadown
- Perfect FIBB retest from Golden Zone
Target -
Follow FIBB Levels from Chart
FINNIFTY Short TriggeredFINNIFTY Short Triggered
FINNIFTY broke its major 1H Trendline and now following Short Momentum
Targets 20233 - 19822
BANKNIFTY on make or break levelBANKNIFTY on make or break level
closing below support level may trigger short again
Support level - 46450
Short Target - 45710
BTC can be follow some short move BTC can be follow some short move
TimeFrame - 5 min
This is the Best Example of Trendline Breakdown Trades.
BTC has broken a 5 min trendline near 66338 level and is following its short momentum till,
TARGET - 64750
Which is around 1575 points from Breakdown Level
BankNifty Major Breakdown BankNifty Major Breakdown
Banknifty Short Triggered
BankNIfty Broke a very Crucial Trendline Support of 1H TimeFrame, indicating a Crashh on its way
Targets as follows
T1 45661
T2 44651
BankNifty following Trenline SupportBankNifty following Trenline Support since 12th FEB
Good Till Sustain above Trendline
if Broken then Short below Trenline for Target,
T1 45664
T2 44633
Ultratech - At Crucial LevelThe stock price has doubled since June 2022. As per the chart, has been traveling in a rising parallel channel. This time resting at the upper edge. If the price is rejected here, there may be some correction time ahead.
One has to decide the entry and exit levels very wisely.
This illustration is for learning and sharing only. Not a piece of trading advice in any form.
The setup fails if the price breaches the channel above and sustains.
All the best.
Aether Industries everyone is waiting for a good opportunity to trade and here I am back with a new stock that entered in market. After its IPO now it formed a bearish pattern also continuous selling pressure can be seen.
waiting for perfect level 770 to activate to get the small target of 10%.
Can be Head Shoulders Pattern | Wait for the Right ShoulderOn 1H TF
I spotted a Head Shoulders Pattern with Left and Head had been done so I will wait for the Right Shoulder.
If my view is true, $1.7 will be a next support
Wait for a confirmation
AU Small Finance Bank Analysis! NSE:AUBANK Weekly Analysis!
Double Top Pattern Formation is AUBANK!
Double Top Pattern breakout in AUBANK!
RSI Divergence!
AUBANK crossed 50,100 and 200 EMA, will is leads towards further downtrend?
Analysis:( Only for Pattern Analysis )
NSE:AUBANK formed Double Top Pattern on a Weekly time frame. We can clearly see on the chart that previous trend was uptrend and Double Bottom ideally formed after an uptrend so it's a valid scenario to be move ahead with the Double Bottom or M Pattern. I have done complete analysis on the chart so please have a look on it.
Trade Psychology and Setup:
Entry = Current levels are not good for short(570-580)
Target = 495.70
Stop Loss = 674.95
Disclaimer = All my analysis is for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Head and Shoulder Pattern in ICICI bank
Today price break the trend line. As we can see price create a head and shoulder pattern. It's indicate that price will go down with in couple of days.
Indicator:
MACD divergency.
Support 1: 1042
Support 2:1032
if we can see a bearish candle create near 1042 then we can take short position target of 1032 .
Nifty view for 20 feb(tuesday)nifty made a new all time high
and today it gave the highest closing ever
21950-22040 support
while next level to watch on higher side @ 22210-22240
Support came from Banking, IT , CPSE, Chemicals etc
Discount 50% | Good chance to buy | Short BiasOn day chart
World Coin is in negative channel
I think BINANCE:WLDUSDT can down to $2 because this level is the confluence zone of Golden Ratio and Horizontal Support
Wait for rejection around this level to join
Shorting JupiterSell above - 399.85
1st target - 347.85
2nd target with trailing sl - 330.55
Stop loss - 434.55 or as per your appetite
Just Paper Trade.
Canara Bank on verge of breaking down inverted flag patternCanara Bank on verge of breaking down inverted flag pattern. On breakdown, one may consider shorting.
This is not an investment advice.
Short Opportunity in Reliance - Long Term Resistance ZoneSymbol : Reliance
Trading Idea : On daily and weekly TF, It looking like a consolidation & breakout but as per my analysis, Reliance is currently Trading at 2 year resistance zone & this breakout may fail as the stock is already given a huge upmove on weekly TF.
One can go short at current levels of 2640-2670 with SL of 2710.
Target 1 : 2545
Target 2 : 2485
NIFTY... ALL SET FOR A CORRECTION...21830 remains a stiff resistance for NIFTY.
After a good bull run, I expect a decent correction in our markets.
The euphoria attached to Ayodhya and the Budget is over now, and the Market has to face the next uncertainty in the form of Elections in a few months.
As per Elliot wave analysis, Nifty is likely to fall by 1400 points over the next ten days. (I'm expecting it by Feb 9, though time analysis may not be accurate).
1400 points fall correlates to 1.618 of fibonacci and also fills the gap formed in nifty around 20300 levels.
The market is always right, and it can always surprise us. So trade with caution.
NESTLEIND - Evening StarNESTLEIND - Watch out for a good breakdown/ shorting opportunity in 1D timeframe.
A few points to note:
1. There is a weekly reversal sign (bearish - Evening star pattern)
2. The stock is below 50DMA
3. Ascending wedge pattern - Usually is a bearish sign.
4. Overall on a higher timeframe, the stock is rallying - hence it is wise to be cautious and have a hedge.
XAUUSD/ GOLD TRADING LEVELS (Intraday/Swing)Gold/XAUUSD Seems Bearish on Technical and Fundamental Basis..
Above are levels to trade gold better...
Sell on rise would be better strategy
could be Short/ Sell Now At 2007 with Tgt of 1995 towords 1980....
Imbalance $65 | Short BiasOn day chart
ELGD has created imbalance around $65. Besides, ELGD's in consolidation phase $48 - 60
The previous signal when ELGD closed below $55 that is signal for reversing if price can't close above $73
So I think ELGD pullback to higher then drop to Golden Ratio at $40
Wait for next move
