The chart provided is a daily price chart of the USD/CHF (U.S. Dollar/Swiss Franc) currency pair. It includes various technical analysis elements that suggest a bearish outlook. Here’s a detailed description of the analysis: Trend Analysis 1. **Uptrend Channel (Early 2024 - April 2024)**: - The price was initially in an upward channel, making a series of...
BankNifty opened with a gap-up at 50,179 yesterday, landing inside the 15m supply zone (50,129 - 50,227) mentioned previously. This caused selling pressure, leading to a close at almost the day's low of 49,846.70. The weekly trend (50 SMA) remains positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m Tested): 49,728 - 49,860...
Nifty broke the intraday supply zone (15m) yesterday, making a new all-time high of 23,480.95, marking the Open=High for the day. The weekly trend (50 SMA) remains positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m): 23,232 - 23,268 Far Support/Demand Zone (15m): 23,037 - 23,078 Far Support/Demand Zone (125m): 22,642 -...
As we can see despite various attempts and strong openings, NIFTY ends up closing in red facing resistance from the structure hence we can expect NIFTY being sideways to negative till it is below the structure. On the other hand, we can see NIFTY forming more like flag-pole pattern which is a trend continuation pattern hence we may expect a strong unidirectional...
Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,...
Silver is at support region. any reversal can be good for some upmove until the range breakout happens.
The stock has been consolidating and price missed giving entry on 4th June. There is a possibility of price retracing back to that level and price bouncing and moving up again.
NSE:NIFTY Maximum Call writing near CMP is at 24000 strike with 155.11 Lakh followed by 77.06 Lakh at 23500 Strike and 71.11 Lakh at 23400 strike and Put writing of 87.24 Lakh at 23000 Strike followed by 64.75 Lakh at 22800 Strike and 63.53 Lakh at 23200 strike. Index is closed near 23325 level. Index has resistance near 23450 – 23500 range and if index...
NSE:BANKNIFTY Maximum Call writing near CMP is at 50000 strike with 14.00 Lakh followed by 7.83 Lakh at 51000 Strike and 7.60 Lakh at 50500 strike and Put writing of 9.88 Lakh at 50000 Strike followed by 7.29 Lakh at 49000 Strike and 6.19 Lakh at 49700 strike. Index is closed near 49895 level. Index has resistance near 50250 level and if index crosses and...
NSE:CNXFINANCE Maximum Call writing near CMP is at 22300 strike with 4.57 Lakh followed by 4.07 Lakh at 23000 Strike and 3.00 Lakh at 22500 strike and Put writing of 3.90 Lakh at 22200 Strike followed by 1.81 Lakh at 22100 Strike and 1.75 Lakh at 22000 strike. Index is closed near 22230 level. Index has resistance near 22325 - 22375 range and if index crosses...
NSE:NIFTY_MID_SELECT Maximum Call writing near CMP is at 12200 strike with 9.02 Lakh followed by 8.73 Lakh at 11900 Strike and 7.82 Lakh at 12000 strike and Put writing of 9.42 Lakh at 11500 Strike followed by 8.37 Lakh at 11800 Strike and 8.32 Lakh at 11700 strike. Index is closed near 11890 level. Index has resistance near 12000 – 12050 range and if index...
Whirlpool has broken out of a consolidation. We are expecting price to retrace to the Daily DZ and we should ideally expect the price to continue to the upside
Price is consolidating in a tight range. Potential resistance acting as a trap breakout for buy traders. The Daily and Weekly SZ is nice coinciding for this potential short trade setup
The stock has been in a strong uptrend and currently it looks like price is about to retrace to the weekly and daily demand zone. We are expecting the move to continue to the upside from the Daily Demand Zone
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
On 17 May, Bloomberg that the price of Bitcoin is at a high level of correlation with the shares of technology companies. At the time, it was suggested that the main cryptocurrency was perceived as a growth asset, fuelled by: → the launch of Bitcoin ETFs; → expectation of Fed rate cuts. But here was yesterday's Fed meeting, where the intention to cut the rate 1...
NIFTY 1:3 trade towards downside. Strong sellers sitting at 23400 and would like to grab liquidity of buy side and pull it down