Spot
Bank Nifty Futures24th May LevelsSpecial markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. A gap up should be bullish and its important to follow price action and wait for a proper entry. ANY GAP DOWN BELOW THE SUPPORT AT 43515 should be bearish and again price action will be important. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
keep following for live market updates.
Bank Nifty Futures 23rd May 2023Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day.
Special markings in Red, blue and Green are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
keep following for live market updates.
OP Coin analysis on daily TF with supp resis & fib OP Spot call
All supp and resis lvl are drawn in chart keep an eye if you are interested to grab som OP coin in your spot wallet.
For Future trade there is very low volume so do trade in spot for safe side see the chart closely and comment your fav coin if you wanna see the analysis of that coin
Gold spot Fractal pattern Gold XAUUSD has seen a similar pattern ( Fractal represented by BOX on the price chart) formed between August'2011 to September'2012. A similar pattern has currently unfolded and we are at the cusp of the breakdown of the consolidation range, while range breakdown will mean flinty times for gold bulls as gold remained in cyclical correction for around 1000 days post break down of the trading range to bottom out in 2015. Further, this month's close below USD 1700 levels will ensure swing failure on RSI (14 Pd).
Spot Gold 4 hour Chart : Long BullishSpot Gold Currently priced between $1874-75, perfect placement for retractment towards first till $1,887 and then further move towards $1,905 and further. Keep your stop just below $1,860/- any move below that will take it further down towards $1,835 and then $1,811.