Can Bank Nifty continue its sell off on 6th July?Key levels in Bank Nifty for Tomorrow:
34300
33800
33300
1)33800 & 34300 will act as a resistance from now on.
2)If market opens flat tomorrow and forms any negative pattern or candle at 33800 levels BNF can be shorted with a small SL.
3)If market opens gap down and opens around 33300 RSI might go to oversold levels for sometime and we can see some correction. In this situation we should look for sell on rise scenario.
4)As 33300 looks like a trend line support and If market stays here for long it will break it eventually.
5)Unless Market breaks 34300 levels ,market is sell on rise mode. Above 34300 ,look for price action and bullish candle sticks patterns before taking the trade.
6)Avoid taking trades If they are far away from support and resistance . Either our stoploss will become far or it will hit our stoploss in any direction. So please be careful while trading
*** Above suggestions are clearly for educational purposes not any kind of Buy/Sell suggestion.
* Feel free to share your thoughts.
Trade!
US30 Trading Plan - 03/Jul/2022Hello Traders,
Hope you all are doing good!!
I expect US30 to go DOWN after finishing this correction.
Look for your SELL setups.
*This BUY is risky and I am biased only for short term upside, if you dont know how to manage your trade, dont take the risk now and wait for it to break the last low for HPB .
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
$IBO announced a vital addition of clinical trials directorJulie Dumouchel has been named Director of Clinical Trials at UI, which is a significant strategic move. Julie Dumouchel has 25 years of experience in the pharmaceutical sector, where she has worked in a variety of clinical research jobs and has a thorough grasp of the drug development process.
SBINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
EURAUD Trading Plan - 23/Jun/2022Hello Traders,
Hope you all are doing good!!
I expect EURAUD to go DOWN after finishing correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Nick Karos excited by listing of UI on Frankfurt stock exchange Universal Ibogaine Inc. CEO made a statement "Our capital markets and investor relations strategy includes the FSE listing. We recently began trading on the OTCQB Exchange in the United States, and curiosity in the UI story is growing in Europe, particularly Germany. With a mushrooming market and interest in psychedelic medications, Germany has a reputation for innovation and leadership."
TATACONSUM 15min TF INTRADAY Bullish See the chart of Tata Consumer Products in 15min time frame. The chart forming a symmetrical triangle pattern.
Today 16Jun2022, the global indices are in green as it reflecting in Indian markets. So there is more possible chance of Bullish . We can trade LONG in INTRADAY if it breaksout the upper trendline.
EURCAD Trading Plan - 07/Jun/2022Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up from here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
USDCAD Trading Plan - 16/Jun/2022Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go DOWN after finishing correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
USOIL Trading Plan - 16/Jun/2022Hello Traders,
Hope you all are doing good!!
I expect USOIL to go UP after correction here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
NIFTY SWING TRADE LONG SETUP...After the breakout of bearish pole and flag pattern in nifty with a gap, nifty is making a descending triangle pattern on 1H time frame.
There is bullish divergence in RSI which is making our trade more confident. Market can fill the gap that was created. You should keep an eye on the bullish side breakout. Your first
Target can be 200 EMA on 15 M time frame.
NIFTY 50 Trading in index is become so frustrating due to the war and USA inflation.
so it is better to stay away from the market and wait till everything calms down.
even though FII knows what the fed is going to do but still they are waiting for the interest hike data because they are preparing
whether to crash the market immediately or gradually.
so it is better to not hold any overnight positions.
and ya the interest hike they are going to announce will definitely affect everyone not only the traders.
Fed system is always like
privatize the profits and socialize the losses
EURGBP Trading Plan - 10/Jun/2022Hello Traders,
Hope you all are doing good!!
I expect EURGBP to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea