FASP levels for Nifty 05/03/2024The FASP for Nifty is listed for 05-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Tradingsignals
INDSWFT LAB :- A STRONG BREAKOUT ON THE LINE NSE:INDSWFTLAB
Ind-Swift Laboratories Ltd. engages in the manufacture, development, and marketing of pharmaceutical ingredients. The firm operates throughout India and Outside India's geographical segments. Its products include API's and impurities. The firm supplies active pharmaceutical ingredients to pharmaceutical companies and also provides research and development services.
📊Technical analysis:
1. IT has formed a strong horizontal resistance at 125 zone from the last 13 years.
2. Now it's consolidating near resistance for a few weeks and may attempt to break that.
3. Volume has been spiking.
4. Trading above all EMA clusters (short, mid and long term EMA)
🟢Entry : Wait for a day candle confirmation to close it above the 125 level then enter the high.
🔴Same with stop-loss levels it will be triggered on weekly candle closing.
⏳Trade Duration: Few months ( positional basis)
🎯Targets are marked on the chart.
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Keep Learning,
Happy Trading.
US 100 Nasdaq Trade Idea Setup - The US 100 looks better to me when compared to the US 30 or Dow
- Nasdaq can keep outperforming so your bias should be bullish
- The focus here shouldn't be to keep shorting every top you see
- Rather focus on deep retracements and make sure the structure doesn't change
- Refine your charts on a shorter timeframe and make sure you see a strong base everywhere
US 30 Trade Idea Setup - Dow has been moving impulsively for the past months
- The important outlook here is that the trend is slowing down and one rebalancing is needed
- You can keep longing as long as Dow doesn't invalidate 38,900 post that you still need a confirmation
- Calling the TOP out here is stupidity
- follow the trend and long whenever you see deep retracements
Atom Trade Idea Setup - Atom is the only crypto IMO that is less volatile
- Atom has a strong fundamental and I am holding it as well and will keep holding it until the Bull Run ends
- Try buying Atom as much as you can under $ 10$ from a Trading & Investment Perspective.
- Do not keep your Crypto portfolio concentrated to one crypto only holding a large size is different than holding one cryptos full size and all In
ADA/Cardano Trade Idea Setup- Ada looks all set for another 300% rally, but this doesn't mean you add it wherever you want to
- Ada can easily mitigate 1.2$ soon followed by small inducements
- Ada is fundamentally strong your goal should be to accumulate Ada under 0.50$ as much as you can
- The setup currently isn't suitable for entries however if you are holding it already then keep holding it if your horizon is long
AAVE Trade Idea Setup - Aave Trade Idea currently looks strong
- Aave has currently started moving impulsively but don't forget that the last rejection was also an absorption of sellers
- Once you see Aave consolidating more near the supply that's where you BIAS will become more bullish
- Always keep locking in gains if you are a trader
Plan Trading Gold for February 27Yesterday, the candle closed with a long red body, indicating a significant price pullback from 25. The price range of approximately 12 points suggests market indecision, waiting for a reaction.
Important news today:
Durable Goods Orders m/m at 20:30 (better for the currency if higher). The most recent occurrence was on January 25th, with negative news causing the price to drop to 7 points and then increase by 14 points from the bottom. On December 22nd, positive news led to a drop of 5 points, followed by a rise of 12 points from the bottom.
CB Consumer Confidence at 22:00 (better for the currency). On December 30th, positive news caused a price surge of 12 points before the release, and after the news, it dropped by 19 points, exhibiting a high volatility. On December 20th, negative news for the currency resulted in a 3-point increase in gold prices followed by a decrease of 7 points.
Today is expected to be highly volatile (with potential fluctuations of 20-25 points throughout the day).
Key buy/sell zones:
Sell zone 01: 44
Sell zone 02: 47-49
Buy zone 01: 24-25
Buy zone 02: 16-18
Scalping orders (close orders before news): Sell at 40, sell at 36, buy at 26.
Wishing everyone a fantastic day and big wins!
Loopring Swing Trade Idea Setup - Loopring is currently trading and making a wider base
- Loopring is Trading at a real sweet spot to get picked up
- Loopring can easily throw up 50-100% from here
- Keep yourself positioned in Loopring for 2-3 quarters if you wanna double your money with patience
- The only downside protection here is 10% I am not going to risk anything beyond that risk on the trade is risk on the trade unless you believe in it fundamenatally
Nifty 1D Trade Idea- Nifty on a 1D TF is trading near a very crucial supply zone
- Now the thing to notice would be how it reacts from this zone
- I would insist everyone stay cautious and not fall in the trap of making something when the risk is too much
- It can be very risky to initiate future longs here when you can see Nifty hovering near a supply
- For longs risk here is almost 10% and reward stays around 2%
- Logically shorts are more favourable than longs
Comp/Compound Usdt Trade Update - Compound is a defi lending protocol that allows users to earn interest
- Defi rally can lead to a great jump
- Compound has a solid base and I have no concerns over this
- The structure looks amazing position yourself if you want to invest here for the long term
- From a Trade perspective stay a little conservative
AXS/Axie Infinity Trade Idea- Axie is a leader of Metaverse
- Axie is narrative-based crypto once you see a Positive Catalyst in the Metaverse space you will see this spiking hard
- Positioning yourself in Axie makes sense right now from an investment perspective
- Give this investment a minimum time of 2-3months and see this rallying like anything
- From a Trading Perspective short term targets stay around 10-11$
- Don't over risk please if you can't hold for long, sl for swings - 10%
Atom Trade Idea - Atom is the only project that bills itself to solve one of the hardest problems in the blockchain industry.
- Atom can retrace a little around 9.5-10$
- Atom is a strong project to hold for long
- Atom from an investment perspective is trading at a good discount
- Atom can be the next gem in terms of an Impulsive move
APT/Aptos Swing Setup Aptos is a Layer 1 Proof-of-Stake (PoS)
- Layer 1 usually moves once you see a decent infusion of money in Major Alts
- Aptos recently spiked up to 10.7$ yielding a gain of 13% in a day
- 9-9.4$ can be the zone where you all can think about accumulating Aptos for long-term
- I am very bullish on Aptos in the long run
Agix Trade Idea Update - The AGIX trade played out exactly as expected
- I firmly believe that AGIX can take out its previous highs as well
- It's going to be important to watch how AGIX plays out in the retracement
- Don't fade out your investments if the market retraces a little
Granules India - Breakout after 3-yearsThis stock is looking strong in weekly and daily charts. The company has given a strong breakout on daily chart of 428 resistance level. This resistance level is created in Dec 2020 i.e 3-year ago. Generally we have seen if a stock gives long term consolidation breakout, big upside moves can be expected from the stock. The stock is from pharma sector and pharma sector is also performing good. So I think this stock to give big returns in medium term.
Please note weekly breakout is yet to confirmed on the stock. Possible targets on the stock can be find using Fibonacci retrenchment tool
Disclaimer: The stock discussed is for educational purpose and does not have any buy or sell recommedations.
BNB/Binance Coin Trade Idea - BNB is currently trading in a zone where all its FUD has evaporated
- The structure looks super strong except for the inducements that it's certainly going to have
- I will look to add BNB swings once it starts retracing and hold it until it gives me a strong gain of 30-50%
- Risk minimized to 10%