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...
All the confluences have been talked about in the related idea below, this is a continuation of the idea.
As we can see despite the strong weakness, BANKNIFTY managed to close above our zone and ended in green as analysed in our previous post that the gap could possible act as a great support hence as long as the gap is protected, every dip could be an buying opportunity!
💎 COMP has recently broken out of the resistive trendline and the neckline of an inverse head and shoulders pattern, while also displaying signs of CHoCH and BOS, indicating a bullish market structure and increasing the probability of a bullish market. 💎 If COMPUSDT undergoes a proper retest and begins to exhibit bullish candlestick patterns in that area, it...
💎 GALA has recently broken out of a descending channel and formed a cup and handle pattern, indicating a potential bullish reversal. Additionally, the price has exhibited signs of CHoCH (Change Of Character) and BOS (Break of Structure), further supporting the bullish market structure and increasing the likelihood of a bullish move. 💎If GALAUSDT manages to break...
Nifty 50 Technical Analysis - 1st March 2024 ## Overview Nifty 50 has demonstrated interesting movements concerning identified support and resistance levels. Let's delve into the levels for tomorrow's session. ### Support Levels **1. Support Level 1: 21,900** - A crucial support level, and if the market breaks below, it may trigger a downward move. **2....
Bank Nifty Technical Analysis - 1st March 2024 ## Overview Bank Nifty has exhibited adherence to identified support and resistance levels, providing valuable insights for traders. Let's delve into the levels for tomorrow's session. ### Support Levels **1. Support Level 1: 45,900** - A foundational support level, and if the market breaks and sustains below,...
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...
Now market major resistance level moving down and the trend line support level breakout the long bearish candle. It's time to sell opportunity
As we can see BANKNIFTY tumbled over 1 percent amid weak global trends, we can still see it closed above the gap that acts as a SUPPORT. Hence till the gap is respected and trendline acts as a SUPPORT, we are still strong and this decline can be considered as a retracement so plan your trades accordingly.
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 , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On day chart CFX is pulling back to Imbalance I think this chance is join next recovery to Swing High Wait for rejection around $0.19
GBP/JPY potential Selling opportunity we are currently at a major resistance and we can see buyers are struggling to take price higher on Monday we've seen price rejected 191.12 multiple times once price clean and reject 191.06 there will be more room for shorts. pay attention to our technical analysis carefully
BANDHANBNK can gain momentum from this institutional buying zone. If you make a buying position, do follow risk management & maintain appropriate position sizing. Disclaimer: This is an educational post & not a recommendation.
EURUSD Market Recap for 28 February 2024. Price is still bullish on the HTFs and we might be able to catch a buy soon.
Nifty Private bank on weekly front formed Doji candle and on dialy front it is bearish candle no follow through after big bullish pin bar prior day, it means signaling more fall of 200 to 300 poitns downside from curret levels(23430) in comming days.Mentioned Support levels on lower side .In case it proves otherwise placed few Resistance levels on higher side...
Bitcoin rallied nicely after breakout of consolidate area 43k to42k on Feb 8th , now at 52 k it is oversold in weekly time frame if it has to continue uptrend a leg needed to put backward to 50 k area then resume uptrend.