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.
Tradesetup
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
Dear followers, If you like the idea, analysis over the charts, please support for the motivation, we can analyze more charts of different different instrument's i.e. Nifty, FinNifty, MCX and More, Just Click on the Boost Button so that Idea can reach out to maximum users over the TradingView.
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.
Nifty Prediction For coming days
Lets see what are the possibilities for comning days in nifty
Bullish View as we can see Inverted H&S in weekly and daily TF, As projected in the Chart above and below. Lets not forget that we have All time high near by and anything might happen at this point,
So we will consider bullish only once the high is broken and retested and sustained. Simple price action patterns trade will help you keep your mind clean regarding the trend, And identify perfect S&R levels.
Now lets see the Big WHAT IF !!
Weekly
The Picture above Shows the Possibilities of RSI Divergence if at all matket reaches the All time high, Thats when we might see a Double top with RSI divergence. Take confluence from Volume and Oscilator divergence for bearish moves,
Look for Option chain Open Interest Levels see if major call are being written or puts being bought, these will help you identify the trend reversal.
MTF anaysis helps you trade with trend. I made Weekly and daily .. now its your turn to make intraday analysis. You can reach out to me here if you need any suggestion.
First train you eyes to identify the patterns then think about logic and its technical aspect.
No one swims without drowning first and no one wins without loosing first.
USD - IS IT KEEPING THE UPPER HAND AFTER ALL?My today's analysis deals with the fact that it could coming to an end with the correcting, and a further rise in the DXY is in front of us.
> We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations.
> If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets.
> This creates dangers, but also opportunities - it is important to look at the big picture.
> Which levels are RELEVANT; I have explained in detail in the following pages.
TABLE OF CONTENTS
- 1. Part = DXY EXPLANATION
- 2. Part = TECHNICAL ANALYSIS
= Monthly - Time frame
= Weekly - Time frame
= Daily - Time frame
- 3. Part = CONCLUSION
FIRST PART
“INTRODUCTION“
The "DXY" indicator entered on September 28 of this year,
the first time since May 2021, in a downward correction.
> On this day, I published an analysis, which dealt with a possible top in the DXY.
> This forecast turned out to be a precision landing on the day and is to till now the TOP.
(My analysis is linked below this post, for confirmation purposes.)
To help you understand the relevance of the "DXY Index", let's take a closer look at it.
The U.S. Dollar Index (DXY) is a ratio (index) that compares the value of the U.S. dollar using a basket of six currencies.
> EUR = 57,6 %
> JPY = 13,6 %
> GBP = 11,9 %
> CAD = 9,1 %
> SEK = 4,2 %
> CHF = 3,6 %
EXPLANATION
DXY > RISE
One of the currency pairs falls > Pressure on other currency pairs increases = Chain reaction = All currency pairs fall
DXY < FALL
One of the currency pairs rise > Pressure on other currency pairs decreases = Chain reaction = All currency pairs rise
So if you interpret the DXY correctly, you can get confirmation for ideas in other related currency pairs.
SECOND PART
TECHNICAL ANALYSIS
For the analysis of the higher time levels I proceed according to the onion-skin principle.
> MONTHLY - Level > WEEKLY - Level > DAILY - Level
These are divided into
> SUMMARY > CHARTS
1. MONTHLY – TIME FRAME
SUMMARY
The trend channel shown in the chart formed in May|2011 and has since maintained its position as a legitimate trend channel. Especially its mid-trend line showed many reactions and great interest of the market.
> The price has reached this middle line and has already reacted positively.
> The trend arc is another bullish signal and could serve as additional resistance in the future.
If we look more closely at the "DEMAND" zone, we see that it has already been tested on.
> The monthly candle closed above the zone, which is another positive indicator.
> If we get another rise in the DXY, the marked "SUPPLY" zone, will serve as a very strong resistance and will be a real challenge.
The Fibonacci retracement should serve us as an additional confirmation, and was taken under proof in past movements (last decades).
> The 0.328 level, was breached without another reaction at this time level and the monthly candle closed below it.
> Still pending is the next 0.50 level, which in combination with several arguments, represents a Medium-Strong resistance.
> In the absence of a reaction from this level, we will see another sell-off to the 0.618 level.
Past highs usually serve as resistance, of which we have two.
> HIGH | 01/17 - Already showed a reaction
> HIGH | 03/20 - Reaction still pending
Points and levels of interest are available to us, which have a not irrelevant duration.
> The most significant resistance is the marked POI ZONE (turquoise), with 50 years of experience.
> We can be sure that there is great interest in this one.
> This already proved true with a first reaction, but we must continue to wait for the candle close to confirm the argument.
> If this is "temporarily" broken by a panic in the market, the POI at 102,000 points, serves as the next point of contact.
CHARTS
DXY – Overall picture
DXY – Trendlines
DXY – Supply & Demand ZONES + Market-Structure-Break
DXY – Fibonacci + POI
ATTENTION
In the following time levels, I will only deal with the NEW, added elements.
2. WEEKLY – TIMEFRAME
SUMMARY
Besides the already mentioned trend channel, another one is now visible (violet), which was formed in May|2021.
> Regardless of its inconspicuousness, it supports the tenor of the thesis.
> It was respected and must prove itself again in the coming days and weeks.
The additional "SUPPLY&DEMAND" zones join the two existing ones and remain untouched.
As further Fibonacci additions we have:
> A 1.618 level which was almost touched but is still pending to be worked off.
> A 0.786 level which has been able to defend the last two weekly closes.
> A 0.88 level, which in combination with the pending MSB, represents a strong resistance.
CHARTS
DXY – Overall picture
DXY – Overall picture + Monthly
DXY – Trendlines
DXY – Supply & Demand ZONES + Market-Structure-Break
DXY – Fibonacci + POI
ATTENTION
In the following time levels, I will only deal with the NEW, added elements.
2. DAILY – TIMEFRAME
SUMMARY
In the chart, further trend lines are drawn, which have shown reactions in the last 4 months.
> These will represent resistances for a possible upward movement.
Because so many elements are drawn in the chart, I would advise you to look again at the chart below, where you see only the S&D zones.
> Some close together with the higher time levels, which reinforces their - resistance/support.
CAUTION (Paler Zones)
> The Supply zone, has been touched before and thus has less resistance.
> The Demand zone, has been breached and thus should not trigger a major reaction, however it could still be "recaptured".
In order to be able to forecast possible target ranges, we would first have to reach the bottom, which has yet to form.
> The plotted levels can still change, but serve as a first reference point.
> If the reached level already represents the bottom, one can see that the FIB levels, beautifully go along with the "Supply&Demand" zones.
CHARTS
DXY – Overall picture
DXY – Overall picture + Monthly + Weekly
DXY – Trend lines
DXY – Supply & Demand ZONES
DXY – Fibonacci
THIRD PART
CONCLUSION
"The market makers only make money when everyone else loses. So what is the current mainstream opinion?"
Run that question through your head and let me know in the comments what you think is more likely.
> Another sell-off or a strong USD for now?
In summary, based on technical analysis, there are a few reasons for a "temporarily" strong USD.
> If you take a closer look at the area of the - HTF-POI-ZONE - you will see quite quickly that resistances could be enough for a whole arm.
> Bringing this wall down will take more than one run-up, in my opinion.
For this reason, I am assuming a strong USD and an accompanying bloodbath in the traditional and crypto markets.
> Positioning after confirmation of this thesis = SHORT
If this idea and explanation has added value to you, I would be very happy to receive a review of the idea.
Thank you and happy trading!