Trend Analysis
AVALON FOR SHORT TERMAVALON Bullish View above 885 on CLB.
Bullish Momentum stock.
CMP 884
Weak Below 745 on Closing Basis.
Ready For upside 1050-1400+
For Educational Purpose only
BSE : Double Top / ConsolidationBSE is under consolidation but if it closes below 4350 then it may touch 4000. By any means if it closes below 4000 with volume then Double Top will be Confirmed. Then 3100-3000 will be touched.
If it closes above 5000 then 6000, 6500 will be seen.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
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Bank Nifty is Ready for the Pain How's the Josh Traders :)
I Hope Nifty Analysis May have Saved you with the Bull Trap ...... BUT...
ITS TIME FOR BANK NIFTY.
Bank Nifty is forming Head & Shoulder Pattern and Again Getting ready for a Fall.
Bank Nifty is Slowly Moving towards 48000-46000 Levels(Wave C will be completed in this Level)
So Get Ready Traders we are ready for a Fall Again
We might see the Fall coming soon, So be ready.
NOTE : THIS IS FOR EDUCATIONAL PURPOSE PLEASE ENSURE WITH YOUR FINANCIAL ADVISOR FOR ANY TRADE QUERIES
HAVE A PROFITABLE DAY TRADERS
BABA bottom is in.
BABA just did a daily close under the Weekly BBB.
And then it bounced.
Chinese equity has been sideways-down since the impulse up 50% in a week.
I'm calling the bottom of that sideways-down movement.
Chinese equity to run now.
BABA bottom is in.
BABA just did a daily close under the Weekly BBB.
And then it bounced.
Chinese equity has been sideways-down since the impulse up 50% in a week.
I'm calling the bottom of that sideways-down movement.
Chinese equity to run now.
Nifty Intraday Levels | 26-NOV-2024Nifty Options Scalping
1️⃣ Zones to Watch:
👉Green Zone: Institutional support
👉Red Zone: Institutional resistance
👉Gap: 100-200 points between zones
👉Zone Creation: Based on pivot points and Fibonacci
👉Chart: Use Nifty futures chart for reference
2️⃣ Trade Execution:
👉Order Flow: Triggers trades
👉Timeframes: 1-min & 5-min for scalping
👉Risk-Reward: 1:2 (Risk 1 to gain 2)
👉Strike Price: ATM or slightly ITM options
👉Position Sizing: Adjust to risk tolerance
3️⃣ Rules:
👉9:15 AM Sharp: Ready for market open
👉Risk Management: Top priority
👉Quick Trades: "Morning breakfast" scalps
👉Stop-Loss: 10 points
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ARIESARIES giving resistance breakout. Also showing flag pattern on weekly time frame. Showing decent volume in recent session. Pattern target comes near 470 which is 30% from current price. Keep in yr watchlist.
SCI 230, POSSIBLY LOOKING FOR A TURN BACK TO 250+ Shipping Corporation of India (SCI) has shown a potential breakout on the daily time frame as it surpasses the ₹230 level. This price point previously acted as a resistance, and the breakout indicates bullish momentum, supported by increased trading volume. Analysts suggest further upside if the stock sustains above this level, with key targets around ₹245 and ₹260. However, if it falls below ₹230, a retest of ₹220 is possible.
Technical Highlights:
1. Momentum Indicators: RSI is near 50, showing room for further movement.
2. Trend Confirmation: Sustained closing above ₹230 strengthens the bullish trend.
3. Support Zone: ₹220 serves as immediate support.
Statutory Warning:
Trading and investing in stocks are subject to market risks. This is not investment advice. Always do your own research (DYOR) or consult a certified financial advisor before making decisions.
Nifty 50 - 26-11-2024 TuesdaySorry I am not able to publish everyday coz of busy market hours.
Here are some small updates. We have drawn a new resistance line at 24345. Which means market will spend time here and will take extra effort to break this. So market will go up only after sitting above and taking its support.
For today focus on HDFC BANK N reliance movements.
Single direction means market follows the direction in which both moves
Both in convergence or divergence. Market to eat premiums.
So small qty call shorting is suggested with Sl. 40-50
Reliance - Stuck in the ZoneWith downside support at 1270 & 1235
and upside resistance at 1300 & 13301
Reliance currently is stuck in the zone
Though trend has been broken with a force
it still needs to fill the gap created before moving ahead
Expecting it to remain sideways for a brief period of time til it breaks strong resistance or strong support
Cartrade Tech Breakout Above the TrendlineCartrade Tech (nse: CARTRADE) stock is near its trendline breakout on the weekly timeframe, indicating a potential momentum. It's not perfect, but looks like a cup and handle pattern.
EUR/USD Analysis: Bearish Momentum ResumesEUR/USD is dominated by a long-term downtrend, with technical factors and market sentiment leaning towards the sellers. The possibility of the price breaking the 1.0430 support is not small, especially in the context that traders are waiting for clear signals from upcoming major economic events.
Investors need to closely follow the price movements at important technical zones to make appropriate decisions, as EUR/USD is approaching a pivotal moment of the trend.
Long trade in BSE Multiple VCP contractions visible on hourly timeframe. Relative strength (stan weinstein) is also rising. This presents a low risk entry in the stock.
Aggressive traders can enter right away with SL of 4650 (end of day closing)
Conservative traders can enter with SL of 4480 (end of day closing)
For those looking for more conformation, can wait till breakout above 4900 with good volumes.
Disclaimer: This is not a recommendation, do your own research before taking positions.
CARTRADE For Short TermCARTRADE Bullish View above 1310 on Closing Basis.
Breakout Momentum stock.
Weak Below 1100 on CLB.
Ready For Upside 1550-1950+
For Educational Purpose only.
TorrntPharma Intraday 26 NovBullish setup with HH HL and trading above all EMA 13-48 on 5 and 15 min timeframe.
Long on Yesterday high with SL today day low for 1% gains min as target 1 and then trailing with 13 ema.
Only Long above yesterday high break of 5 min. If today low break first trade invalid.
Disclaimer: Only for entertainment purposes, not an investment advice.
nifty taking support at demand Zone.Nifty is taking support at demand Zone on smaller time frame. if sustains we can see an upmove till demand zone.
Birlasoft - Positional setupCMP 599 on 12.10.24
A Pole and Flag pattern-like formation is in progress on the chart. But a trade setup should be backed by other parameters too.
The range of 550-580 has been acting as a good support zone for a long time. This time, it reversed from the zone again—a good time for a buy setup with a favorable risk-reward ratio.
Immediate targets seem 670, 710, and 740.
The setup fails if the price sustains below 550-540 levels.
Position size should be following risk management.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.
Downtrend and Signals at EMA 89Currently, the price is approaching the EMA 89, a classic sign of a downtrend. This is confirmed by the moving averages, where the EMA 34 has crossed below the EMA 89, a bearish signal.
However, what is noteworthy is that each time the price approaches the EMA 89, it reacts strongly. This tells me that investors may be using this level as a buying opportunity in the hope that the support level will hold.
Hester BiosciencesSeems like an inverted Head and Shoulder Pattern being formed. The targets could possibly be much higher if the pattern stays true to it's nature. Given the scenario of the market, let's keep the targets low and then decide on the follow up price action later.
GOLD--> Local trend changing? Will it rise to new ATH?Hi guys,
OANDA:XAUUSD after a false breakout at 2700, the price has returned to a correction phase, aiming to consolidate its potential for continuing the trend. In the current situation, the fundamental backdrop is shifting in favor of the metal, which active buyers are pursuing...
Gold has not reacted significantly to the previous rally of the dollar, despite hawkish signals from the Fed.
The reason for the metal's rise lies in the escalation of tensions following the UK and US allowing Ukraine to use weapons to strike deep into Russian territory. Russia responded with stronger attacks afterward. Fundamentally, these actions make gold a safe haven choice for protecting assets.
This week, due to the Thanksgiving holidays in the US, trading volumes are expected to fluctuate sharply at the beginning of the week.
Technically, it is predicted that the precious metal could update its ATH this year. However, short-term levels ahead need to be monitored closely. Specifically:
Support levels: 2685, 2675, 2650
Resistance levels: 2711, 2733, 2750
Nonetheless, the upcoming resistance levels must be observed, as they are likely to trigger the next move for the metal. The adjustment toward the nearest liquidity zones is expected, but we are not talking about a reversal. The correction could end quickly, and the price is likely to return to an upward phase. The medium-term target is 2731-2750...
NIFTY Levels for November 26, 2024NIFTY Levels for Today
Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels.
The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
Your likes /boosts gives us motivation for continued leaning and sharing ideas.
BANKNIFTY Levels for November 26, 2024BANKNIFTY Levels for Today
Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels.
The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
Your likes /boosts gives us motivation for continued leaning and sharing ideas.
