NAS100 SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD NAS100 SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Support and Resistance
Is SUIUSDT Ready for a Bullish Surge? Key Levels to Watch NowYello Paradisers! Have you been watching SUIUSDT closely? If not, you might be missing out on a major opportunity! SUIUSDT has just broken out of a critical resistive trendline, signaling potential for a bullish move. But there's more to the story...
💎We’ve also seen a Change of Character (CHoCH) and the formation of an inverse head and shoulders pattern. This combination often points towards increased bullish momentum. However, before we can fully commit to a bullish outlook, there are a few key things to consider:
💎If SUIUSDT breaks above the key resistance zone and closes a candle above it, it will validate the inverse head and shoulders pattern. That could be the start of a stronger bullish run.
💎If there's a pullback instead, keep an eye on the support zone. A potential double bottom could form, but we’ll need to see an internal CHoCH in favor of a bullish market structure to increase the chances of a bounce from support.
💎On the flip side, if the price breaks down and closes below the support zone, our entire bullish setup will be invalidated.
💎Patience is key in this market, so make sure you wait for confirmation before making your move.
🎖Remember, successful trading isn't just about predictions—it's about disciplined execution and waiting for the right signals. Stay sharp!
MyCryptoParadise
iFeel the success🌴
BankNifty Intraday Support & Resistance Levels for 29.10.2024On Monday, BankNifty opened with a gap up, reaching a high of 51,589.15, testing the 75m Supply Zone mentioned in the previous post. Selling pressure from this supply zone caused it to drop nearly 400 points, closing at 51,259.30, still up 471 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. The demand and supply zones are unchanged.
Demand/Support Zones:
Near Demand/Support Zone (Daily): 49,654.65 - 49,959.25
Far Support at 49,282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones:
Near Supply/Resistance Zone (75m): 51,411.30 - 51,781.55 (tested on Monday)
Near Supply/Resistance Zone (Daily): 51,855.15 - 52,577.50
Far Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25
Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35
Nifty Intraday Support & Resistance Levels for 29.10.2024On Monday, Nifty opened with a gap up, reaching a low of 24,134.90 and a high of 24,492.60 before closing at 24,339.15, up 158 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand and supply zones stay unchanged.
Demand/Support Zones:
Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (current price within this zone)
Far Demand/Support Zone (Daily): 23,350 - 23,667.10
Supply/Resistance Zones:
Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45
Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30
BITCOIN SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDBTCUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Intraday Levels for 29/10/2024BANKNIFTY Intraday Levels for 29/10/2024
Here are the BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both.
The SL (Stop loss) for each trade should be there.
Note: This idea and these levels are only for learning and educational purpose.
Your likes /boosts gives us motivation for continued leaning and sharing ideas.
Nifty Intraday Analysis for 28th October 2024NSE:NIFTY
Index closed near 24180 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 109.37 Lakh
24500 Strike – 75.91 Lakh
24400 Strike – 53.82 Lakh
Put Writing
23500 Strike – 55.52 Lakh
24000 Strike – 52.26 Lakh
24500 Strike – 49.20 Lakh
Index has resistance near 24450 – 23500 range and if index crosses and sustains above this level then may reach near 24650 - 24700 range.
Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23900 – 23850 range.
Banknifty Intraday Analysis for 28th October 2024NSE:BANKNIFTY
Index closed near 50785 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51500 Strike – 30.67 Lakh
52000 Strike – 28.51 Lakh
52500 Strike – 23.01 Lakh
Put Writing
50000 Strike – 20.36 Lakh
49500 Strike – 16.59 Lakh
49000 Strike – 16.08 Lakh
Index has resistance near 51400 – 51500 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range.
Index has immediate support near 50200 - 50000 range and if this support is broken then index may tank near 49700 - 49500 range.
Finnifty Intraday Analysis for 28th October 2024NSE:CNXFINANCE
Index closed near 23735 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24100 Strike – 13.00 Lakh
24000 Strike – 9.62 Lakh
23900 Strike – 5.87 Lakh
Put Writing
23600 Strike – 6.02 Lakh
23000 Strike – 5.29 Lakh
23500 Strike – 4.85 Lakh
Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 23200 – 23100 range.
Midnifty Intraday Analysis for 28th October 2024NSE:NIFTY_MID_SELECT
Index closed near 12320 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12700 Strike – 21.67 Lakh
12600 Strike – 19.00 Lakh
12500 Strike – 15.31 Lakh
Put Writing
12000 Strike – 25.38 Lakh
12300 Strike – 9.60 Lakh
12200 Strike – 9.25 Lakh
Index has immediate resistance near 12550 - 12650 range and if index crosses and sustains above this level then may reach 12800 – 12900 range.
Index has immediate support near 12150 – 12100 range and if this support is broken then index may tank near 11950 – 11900 range.
Nifty levels - Oct 29, 2024Nifty 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 in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
BankNifty levels - Oct 29, 2024Utilizing 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 levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
#H4/Gold continues to adjust, waiting for opportunities to hunt.Market analysis for XAUUSD trading on October 28, 2024:
After closing last Friday at a price of 2747, the Asian session today opened with a downward GAP that has not yet been filled. This GAP indicates a short-term profit-taking by the BUY side, showing that buying pressure for gold has decreased and a SELL side has emerged in this area. However, today marks the opening of the weekly candle and the monthly candle will close this week, so everyone should pay attention to the adjustment of the upper wick in the monthly timeframe.
Today's trading trend: BUY scalp.
Key price levels to watch:
BUY zone: 2718 - 2723 and 2699 - 2704.
SELL zone: 2738 - 2743 and 2751 - 2756.
Recommended orders:
Plan 1: BUY XAUUSD zone 2718 - 2720
SL 2715
TP 2723 - 2730 - 2735 - 2750.
Plan 2: BUY XAUUSD zone 2702 - 2704
SL 2699
TP 2707 - 2715 - 2725 - 2745.
Plan 3: SELL XAUUSD zone 2753 - 2755
SL 2758
TP 2750 - 2740 - 2730 - 2720.
DOUBLE TOP PATTERN SHOWING ON EURAUD IN DALY TIMEFRAME EURAUD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A.DOUBLE TOP PATTERN SHOWING ON EURAUD
its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Pre Market analysis NIFTY 50 - 28th oct 24Market Analysis NIFTY 50- 28 oct 24 - NIFTY opening 24251 , immediate Support - 24288- Pivot till CP 24175 - can be a good dip here if sustains bullish yellow trendline - Below this 24073 -PDL for breakdown
RESISTANCE- 24327 if sustained can be bullish M structure buy on dip ,also to watch out for rejection till 24400 and bigger downtrend continues
#NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
BankNifty Intraday Support & Resistance Levels for 28.10.2024On Friday, BankNifty opened flat to slightly negative and faced intense selling pressure, dropping to a low of 50,382.10 before closing at 50,787.45, down 743 points. The Weekly Trend (50 SMA) shifted sideways from positive, while the Daily Trend (50 SMA) remains sideways. As anticipated, once the critical 51,000 level broke, BankNifty slid an additional 600 points. A further dip toward the psychological level of 50,000 is possible before we see any meaningful bounce.
Demand/Support Zones:
Near Demand/Support Zone (Daily): 49,654.65 - 49,959.25
Far Support: 49,282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones:
Near Supply/Resistance Zone (75m): 51,411.30 - 51,781.55
Near Supply/Resistance Zone (Daily): 51,855.15 - 52,577.50
Far Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25
Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35
Nifty Intraday Support & Resistance Levels for 28.10.2024On Friday, Nifty opened slightly positive but faced heavy selling pressure, hitting a low of 24,073.90 before closing at 24,180.80, down 218 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Nifty dipped deep into the weekly demand zone (23,893.70 - 24,419.75), even breaching the daily demand zone (24,099.70 - 24,196.50) before recovering around 150 points from bottom in the final hour of trading.
Demand/Support Zones:
Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (current price within zone)
Far Demand/Support Zone (Daily): 23,350 - 23,667.10
Supply/Resistance Zones:
Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45
Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30
BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDBTCUSD SHOWING A GOOD
UP MOVE WITH 1:6 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
ZFCVINDIA Trading near Fresh Demand Zone of ₹13,678 to ₹13,200ZFCVINDIA is currently trading at ₹13,751, within a fresh demand zone set between ₹13,678 and ₹13,200.15, established on May 27, 2024. This zone could act as a support area, potentially driving buyer interest and price stabilization. Investors may want to observe this range for potential demand-driven moves.
PARAS Trading near Fresh Demand Zone of ₹915.95 to ₹890.70PARAS is currently trading at ₹926.9, positioned within a fresh demand zone defined between ₹915.95 and ₹890.70, with its origin on June 13, 2024. This area may present a key support level, potentially sparking buyer interest and a possible price rebound. Investors might consider monitoring this zone for signs of demand-driven price movements.
DEN Trading within Tested Demand Zone of ₹42.8 to ₹41.75DEN is trading at ₹43.1, situated within a previously tested demand zone ranging from ₹42.8 to ₹41.75, established on September 15, 2023. This level could act as a support area, potentially encouraging buyer interest and upward price movement. Investors may consider observing price behavior here for entry opportunities based on demand resurgence.
IRB Trading within Tested Demand Zone of ₹51 to ₹49.3IRB is currently trading at ₹51.07, positioned within a tested demand zone spanning from ₹51 to ₹49.3, initially formed on January 29, 2024. This established support range may offer potential entry points for investors seeking a possible price rebound or continuation in upward trend momentum. Monitoring price movements near this level could provide strategic buy signals.
CASTROLIND Trading within Fresh Demand Zone of ₹207.37 to ₹199.8CASTROLIND is trading at ₹204.33 within a fresh demand zone ranging from ₹207.37 to ₹199.8, established on July 1, 2024. This zone could act as support, offering a potential entry for investors anticipating a reversal or upward momentum. Observing price action near this level may provide insights for strategic buy opportunities.