As we shared yesterday with you that btc can do sideways movement is geeting right because 31800$ is hard resistance for now and 27600$ is strong support now and also our fractal is indiacting that we are going in a sideways market till mid july to last august untill unless a good volume comes in market.
This is my first idea on the TV.
First thing first, BTC getting to 69k+ then coming back to 33k.
Now BTC getting traded between a range of 36k and 46k.
This range is very crucial for BTC because going below this range will initiate new downtrend till 28k and even 24k.
Going above 47k or 48k will spark the bulls.
Even though ongoing tensions around the world...
Base is building around 17000 - 16900 zone price tested 16900 and below in last 2 trading sessions and recoverd back to close above 17100, from here on we can expect sideways or bullish momentum. In case Nifty closes below 16950 then we can see further decline in index till 16600. As of now support is at 17000-16900 and resistance is at 17165 & 17417.
Now the Nifty Index is in consolidation mode after a strong bull run. Lucky for Option sellers indeed. ( Monthly Contracts)
1) We can execute Short Straddle near the All time High resistance or near to the immediate support at 17100 to 17000 (as per OI). Risky traders can go for Positional option buying (considering theta decay).
2)As its moving in a short range...
Sensex has felled by almost 200 points from the past 1 month.
It is just moving almost in a SIDEWAYS trend.
Is this happening because of the excessive valuation of sensex ???
Acc . to RBI the valuation of SENSEX AND NIFTY are higher than expected.
Is this the cause of this SIDEWAYS/DOWNTREND ??
BTC continues to be trapped in the ongoing tussle between bulls and bears. Even after its recent breakdown to make a recent low of 28.8K, bulls showed an impressive buying strength from that level to close the last weekly candle at $34.7K, it recovered ~20% from this low. It formed an indecisive candle with a long lower wick that shows strong accumulation in the...
As of 18/5/2021
Pattern formed: Ascending triangle
Candlestick pattern formed: Bullish marubozu
Resistance level (arround 322-333 price levels) : Tested 3 times.
NOTE: Resistance level and ascending triangle pattern both broken with high volume on 18th May 2021.
RSI: Above 60
MACD: Shorl length line over long length line
Trend pattern: Sideways
A good and bullish candle . i.e, prefer a pinbar or an engulfer on 1330 lvls . will establish a buy for the IT giant INFY .... As trend is suggesting .... buy low and sell high in this sideways mkt of infy . For positional purpose : Hold on 1380 lvls to see if it breaks it, educational note : it might note break it in one go but might consolidate there with a...