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MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?
In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022 . Currently, the price is undergoing a retracement, approaching the key level of 50% .
Following the peak, crude oil prices began to decline, forming a parallel channel pattern. The price has been trading below this channel for over a year. Based on moving averages data, crude oil is expected to reach the support level of 5396, which is currently acting as a strong support zone. A potential reversal may occur around the "control price line" from the 0.5 level of the Fibonacci retracement.
If crude oil breaks the key retracement level and consistently closes below it, the following target levels may come into play: 5200 - 5000 - 4700.
MAINFRA trade set based on possible Elliott wave countsHello Friends,
Here we have shared possible trade setup in MARUTI INFRASTRUCTURE LTD. based on possible Elliott wave counts, One can go long above 118 or below 109, with invalidation level of 99.45 for Targets of 126.75 and 140++
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Some significant snapshots are shared below, please go throughout.
Thanks
RK💕
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Bank Nifty Levels for 01-06-2023In Bank Nifty Upper side 44500 and 44250 is Important Level
and Lower Side 43850 and 43700 is important level.
Previous day Bank Nifty has closed @ 44128.
Check Previous Day Level Performance and comment.
For any Feedback and Suggestion, please free feel to message us.
Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Bank Nifty Levels for 25-05-2023In Bank Nifty Upper side 44075-44150 is Important Level
and Lower Side 43750 is important level.
Previous day Bank Nifty has closed @ 43677.
Check Previous Day Level Performance and comment.
For any Feedback and Suggestion, please free feel to message us.
Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Nifty Prediction For coming daysFirst thing first : This is a probability as the patterns are not yet completed ...
On a weekly timefram we can see a H&S formation in process which is also the same in daily Timeframe. nothing much to say about that as long as we dont see one more bearish bar closing below.
Coming to confluence in lower timeframes.. 1hr Timeframe.
Crucial Pattern to look for as this pattern will decide if this whole analysis is about to happen or not...
Bearish Gartley pattern targets are point B and C, Point B in this scenario turns out to be the breakaway gap or you can see breakout area (CHoCH) that had not been tested.
Remember this that Point B should act as support for the market to move up from here. If point c is broken then the Higher timeframe Pattern H&S will get activated.
Keeping in mind that nothing is madatory to happen in the market but as we aknow a retest is a possibility. which completes the whole analysis, and giving birth to another pattern in higher timeframe.
Looking this structure in Eliott wave gives us much more clear picture,(I'm no expert in EW yet believe that this is just a basic pattern,)
Now Concluding the whole analysis .. I'm Bearish. Only if 17750 is breached upside i'm going to avoid this analysis ..
How to trade DBRealty going forward?This stock has formed a pattern called Double Bottom, providing a target price for the intermediate-term in the range of 87-89.
The price recently crossed above its moving average signaling a new uptrend has been established.
It appears that the price of DBRealty has reached a low point and then rebounded, indicating a potential reversal of its downward trend towards a new uptrend. This can be further confirmed by observing the Double Bottom chart pattern, which consists of two distinct lows occurring at roughly the same price level during a downtrend. As the pattern forms, there is typically a decrease in selling pressure, indicated by a decrease in trading volume. Finally, when the price breaks above the highest high point between the two lows, it confirms a bullish signal for the asset's future direction.
Note for everyone who came across this study:
This chart is only for educational purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
BANKNIFTY FUTURE INTRADAY LEVELS FOR TODAY 6TH APRIL 2023#BankNifty Future Analysis for #Today 6th April 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Previous Close: 41142
#IntradayLevels
#Bulls can be active above: 41238 For the Levels Above
41369/41503/41666
#Bears can be active below: 41056 For the Levels Below
40976/40838/40685
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
BANKNIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 29th MARCH 2023#BankNifty Future Analysis for #Tomorrow 29th March 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below mentioned Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Previous Close: 39588.85
#BankNifty Bulls can get active above 39671 For the #IntradayLevels towards 39787/39865/39952
#BankNifty Bears can get active below 39535 For the #IntradayLevels towards 39465/39389/29282
Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
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Nifty weakness foundNifty is in weakness range bound.Nifty is closing near to 16900 Almost 3 to 4 days which is good support and trying to break if nifty break 16900 you can expect a big move and we can go for option buying at At retest of 16900 as resisatance y because at every restest we have some intensified fall ( if the breakout is real).
RANGE FOR BANK NIFTYYou can see the that bank nifty is currently taking the support that i have mentioned with black line so downside you can sell the puts of that mark and keep the calls selling at higher range that is 39800.you can go for strangle if it holds the given range for 1st one hour.
simple analysis.
Dont panic and dnt take stress.
#theme of my analysis.
BANKNIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 28th MARCH 2023#BankNifty Future Analysis for #Tomorrow 28th March 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below mentioned Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Previous Close: 39486.40
#BankNifty Bulls can get active above 39568 For the #IntradayLevels towards 39658/39755/39841
#BankNifty Bears can get active below 39384 For the #IntradayLevels towards 39265/39171/39079
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
Nifty & BankNifty Setup for 01-03-2023In this video, I share my analysis for Nifty and Bank Nifty for tomorrow. I use my own technique called FASP to identify the immediate targets for the index.
These levels are important to recognize where the key resistance and support points exist. Map these levels to your charts and explore how it works for you.
Wish you a very happy and profitable year ahead!
#nifty50 My trading setup - Support and resistanceMy personal important setup for Intraday levels trading explained below.
If price is trading above this time frames it will act as support, if price is trading below to this levels then it will act as resistance. Every day the levels will change for Intraday.
Blue - 1 hr time frame (Support or Resistance)
Black - 30 min time frame ( Support or Resistance)
Violet - 15 min time frame ( Support or Resistance)
Pink - 5 min time frame ( Support or Resistance)
Yellow - 1 Day time frame ( Support or Resistance)
We wish you all the best for your intraday trades. Any doubts kindly contact us.
NIFTY 50 TRADE PLAN FOR 05-01-2023NIFTY is at Crucial Support of the 18000 zone and today is the weekly expiry. Therefore we can expect volatility in the market and there can be Fake Breakouts.
1. Nifty closed at 0.5 FIB Zone and if it sustains there and crosses 0.382 FIB along with the resistance trendline, Will take a bullish entry on a proper retest.
2. If Nifty breaks the 18000 zone and Important hourly support trend line. My view will be bearish for the short term. The next support will be 17800. There are many GAPS pending below 17800 and I think market will fill those gaps, once 17800 is broken
ps: Budget Session is ahead - Trade with Proper Risk Management.