Supplyandemandzones
EURUSD is heading towards the Parity Level.Hi Friends,
EU is Bullish Retracement on 4hr time frame.
Daily, Weekly is Bullish Close. But, Monthly is on Still Bearish Trend pressure.
It may be Heading towards the 1.0000, above the parity level. From Parity Level there was probability of going Bearish/Bullish after the Break of the Structure.
Kindly, Trade with the Risk & Money management Rules. Thank you, Happy & Safe Trading.
BASF INDIA - DOUBLE BOTTOMBASF India has made a double bottom at demand zone which was supply zone previously and gave a breakout out with good volume. It also gave trendline Breakout. It also consolidated before giving the breakout. Safe traders wait for the pullback for retest entry. Keep stoploss at recent swing low and trail.
Disclaimer :- I'm not SEBI registered analyst. Information given is only for educational purpose. Do your own analysis before investing.
Bank Nifty - Intraday Levels for 13 July 2022Banknifty Intraday Levels for Tomorrow..
Trend : Bearish
Sentiment : Negative
Expectation : Bearish Continuation
Expecting Bank Nifty to Open Small Gap Up as Global indices are trading mixed - so it may open near CPR levels zone, if any rejection around Sell Reversal / CPR - TC we can look for Shorting opportunity. Next Support in Banknifty is 34813 - 34762 levels where Virgin CPR exists which will act as strong support for tomorrow.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty - Intraday Levels for 13 July 2022Nifty Intraday Levels for Tomorrow..
Trend : Bearish
Sentiment : Negative
Expectation : Bearish Continuation
Expecting Nifty to Open Small Gap Up as Global indices are trading mixed - so it may open near CPR levels zone, if any rejection around Sell Reversal / CPR - TC we can look for Shorting opportunity. We can expect reversal from BUY rev level since tomorrow going to be volatile day.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.