BURGER KING--> Good upside potential after breakoutThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Technical-analysis
My trade setup in BankNifty Futures for 12th June 2021My trade setup levels are created as below in BankNifty Futures for 12th June 2021.
The Key target levels will be at High - 35680, Low 34760..if market breaks these levels, expecting
the market go beyond in double the speed.
Expecting Movements...
Opening will be Flat or Downside
Down move till 10.45 am
Upmove or Sideways 10.45am to 12.15pm
Again Down move till 2.30pm
Again Recovery till 3.30pm
Close near at Low of the Opening level of today
**** May be a significant fast-fall today
Positional or Swing Trade in BPCL.BPCL can be a good buy for positional or swing trade as you can see stock is making ASCENDING TRIANGLE pattern in one day chart and also made a CUP AND HANDLE breakout recently near the important resistance level,and then also broke the resistance level and now it is near the important S&R area.If it retested on it It can be a good buy and we can see it on 510 levels soon.
NZDUSD AnalysisMy Technical Analysis
1. Bullish on weekly timeframe.
2. Broke down trendline on daily tf, hence buy bias.
3. Supported by the 50 EMA on 4h tf.
4. Nicely Rejected by the previous higher high and wick is near the 50 period ema on 1H tf.
5. Trendline break on 5min tf with a bullish engulfing candle.
RISK REWARD RATIO - 1 : 6.66
Guys, I just wanna say that if this (almost) impossible trade idea is a win then I deserve a Gold Medal for this XD.
I know by the time I finish typing this the trade might have progressed quite a bit but I'll try to figure it out for the next time.
Entry/Exit stuff
Entering on the Bullish engulfing candle that broke the down trendline on 5min tf - Stop loss below the swing low - Profit Target is on the weekly tf resistance line
About Myself
Hello Traders,
My name is Sid. A New trader in market, started 6 months ago, did a price action / technical analysis course recently and now I'm here to practice and test my skills in real time. I'll be sharing my analysis and my ideas on many forex pairs here. Would appreciate your support (like, share, comment, etc.) and I'll see you on the next episode of Drag.... I mean "REAL TIME TRADER" (still thinking of a gud name, plz recommend some)
See ya.
Will BTC take a Step Back Before Getting Back on Track | $24000Hey guys welcome for a fresh BTC update
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A request from all of you to please like and follow our Hard work to keep encouraging us, there's no fee for likes and followings :)
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I Hope everybody has filled their bags with lots of gains on recent Bull Run and as year is on verge to say Goodbye we need to give BTC some space to rest on..
So here's what we see is BTC Dominance is falling and can touch our target of 68 and 67 therefore we can expect good season for ALt Coins in coming days.
What we can see in BTC analysis is that BTC has faced strong rejection after touching all time new high at $28400 and is now falling back inside the ascending triangle. So you Guess it correctly its a good time prepare for short upto - 9.7% and if major correction happen then upto -33%.
I wish you very BEST LUCK !!
Hope you get some real value out of it...
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Thanks for reading...
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this is Husain Zabir, signing out
Thankyou...
Bharti Airtel Intraday and Technical AnalysisAs per hour chart
corrections are doing tmrw correction wave 2 will be completed (505 to 510)
3rd wave may take down to target 490, 480 to 475 then rest @ previous strong support and take invert U turn
as on 09 dec 2020 the stock upward 505 to 510 then it will take reverse to downward
GARFIBRES buy @ 2000 (3% Risk and 10% Reward)Long trade formed in GARFIBRES:-
- 1 day time frame bullish engulfing pattern formed - 21/OCT/2020
- Swing retracement is 0.618 it is a golden area for take a long position as per fibonacci.
Buy if price crosses above - 2000
Stop loss - 1935
Target - 2200
Pls Note:- Only for educational purpose and demo trading.
Why i was selling EQUITAS HoldingsHi guys this is Trader Kanishk
this analysis is for EQUITAS
Points discussed in the video:
Why not to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .