NIFTY50: INSTITUTIONAL LEVELS FOR 26/11/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
Trend Analysis
BANKNIFTY: INSTITUTIONAL LEVELS FOR 26/11/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
Bank nifty trades and targets - 26/11/24Hello Everyone. The market was in a very tight range the today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in blue are previous resistance and support so book profits at these zones. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades.
Possible Test of Major SupportThe EUR/USD chart shows a clear bearish trend, with the price moving within a steady downtrend channel, being pushed down after each approach to the upper line of the channel.
Recently, it seems that the price has tested the resistance level in the resistance area but failed and was rejected strongly, which shows the strength of the selling pressure in this price area.
From the current price position, the next important support point is located at around 1.03500. If the price continues to decline and breaks this support level, it could lead to a deeper decline.
Overall, the current trend for EUR/USD is negative, and traders should be wary of the possibility of further declines. Keeping a close eye on the support and resistance levels will help determine the appropriate times to enter or exit the market.
Nifty trades and targets for - 26/11/24Hello Everyone. The market was in a very tight range the today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in blue are previous resistance and support so book profits at these zones. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades.
Gold at Resistance : A sell opportunity ?Yesterday, gold traded higher and closed the day in the positive territory . Today, Gold price climbs extending its gains for the fourth straight day. On the Intra day chart, Gold is now trading above weekly Resistance 1 (2653).
Technically price is at resistance area and trading near to Fib golden zone , this area is perfect reversal zone but the geopolitical evens (War) currently pushing the price higher , for sell we need good confirmation from these resistance area.
Today Initial Jobless Claims are expected to rise from 217K to 220K for the week ending November 16 and that can add volatility so we have to watch the reaction accordingly.
Selling seems to be more favourable now for Intra day and for buy we have to look for lower levels but selling need to be assessed with good money management as gold is currently getting safe-haven demand for buyers.
BAJAJ AUTO REVERSAL??BAJAJ AUTO can give a good up move for swing to positional trades with a decent STOPLOSS for good targets
ENTRY= 9450
STOPLOSS = 9394
TARGETS = 9650, 9700++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
New Gold Mine in China: Aftershocks in the Gold MarketWhen analyzing the daily gold chart, I noticed that a long-term uptrend has been reversed with a clear break below the rising channel line. This tells me that the market may be preparing for a new bearish phase. This decline occurred even as there was news from the US and other major economies on inflation and monetary policy, which would normally have a strong impact on gold prices. In addition, China's discovery of a gold mine with estimated reserves of over 1,000 tonnes in Hunan province is not only a geological event but could also be a major mover in the global gold market.
With gold prices failing to hold the 34 EMA and falling further, the next support area I see is around $2,520 to $2,560/ounce. This will be a key point to see if gold will continue its downtrend.
BankNifty Intraday Support & Resistance Levels for 26.11.2024On Monday, BankNifty opened with a huge gap-up of 910 points, breaking the 75m Supply Zone and entering the Daily Supply Zone highlighted earlier. It made a low of 51774.05 and a high of 52331.10 before closing at 52207.50, gaining an impressive 1072 points over the previous close.
The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from Negative to Sideways, indicating potential for further movement with caution at higher levels.
Demand/Support Zones
Near Demand/Support Zone (30m): 51040.05 - 51271.50
Far Small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support (61.8% FIBO): 49282.65
Far Demand/Support Zone (Daily): 44633.85 - 45750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95 (current price within this zone)
Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
Nifty Intraday Support & Resistance Levels for 26.11.2024On Monday, Nifty opened with a massive gap-up of 346 points, breaking through the 75m and Daily Supply Zones. It touched a high of 24351.55 and a low of 24135.45 before closing at 24221.90, gaining 314 points from the previous close.
The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from Negative to Sideways, signalling cautious optimism.
Demand/Support Zones
Near Demand/Support Zone (15m): 23856.15 - 23940.30
Near Demand/Support Zone (15m): 23661.75 - 23731.25
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Near Support (61.8% FIBO): 23189.88
Far Demand/Support Zone (Daily): 22642.60 - 22910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (75m): 24447.65 - 24537.60
Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside Weekly Supply)
Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily Supply)
Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05
Nifty Trading Strategy 26th November 2024Nifty Trading Strategy: Buy Above 24,360 / Sell Below 24,020
Current Price: 24,221
Key Levels:
Buy Signal: If the price closes above 24,360 on the 15-minute candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 24,020 on the 15-minute candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Strategy Overview:
Buy Strategy:
Trigger Level: 24,360
Action: Enter long positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 24,400 and 24,500
Sell Strategy:
Trigger Level: 24,020
Action: Enter short positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 23,900 and 23,800
Market Insights:
The price is currently at 24,221, indicating potential for both bullish and bearish activity based on the key levels.
Key support and resistance levels to watch are between 24,020 to 24,360.
Disclaimer: This analysis is for educational purposes only. I am not SEBI registered. Always trade with stop-loss and trailing stop-loss to protect your profit and limit your loss. Buy only above the high of the 15-minute candle close and sell below the low of the 15-minute candle close. Please conduct your own analysis before making any trading decisions.
Dow Futures Trading Strategy for 26th November 2024Dow Futures Trading Strategy: Buy Above 45,010 / Sell Below 44,700
Current Price: 44,482.00 USD
Key Levels:
Buy Signal: If the price closes above 45,010 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 44,700 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Support and Resistance Levels:
Resistance: 45,250 and 45,366
Support: 44,500 and 44,382
Market Analysis:
The current price is around 44,482.00 USD, indicating potential for both bullish and bearish activity based on the key levels.
Pay close attention to the range between 44,700 to 45,010 for support and resistance levels.
Disclaimer: This analysis is for educational purposes only. Always trade with stop-loss and trailing stop-loss to protect your profit and limit your loss. Buy only above the high of the one-hour candle close and sell below the low of the one-hour candle close. Please conduct your own analysis before making any trading decisions.
Gold Trading Strategy for 26th November 2024Gold Trading Strategy: Buy Above 2,644 / Sell Below 2,615
Current Price: 2,625.00 USD
Key Levels:
Buy Signal: If the price closes above 2,644 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 2,615 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Support and Resistance Levels:
Resistance: 2,660 and 2,679
Support: 2,600 and 2,580
Recommendations:
Buy: If the price sustains above 2,644 on the one-hour candle close, consider entering long positions. Book partial profits at 2,655 levels or use a trailing stop loss to protect your profit, with targets at 2,660 and 2,679.
Sell: If the price breaks below 2,615 on the one-hour candle close, consider short positions. Book partial profits at 2,600 levels or use a trailing stop loss to protect your profit, with targets at 2,595 and 2,580.
Disclaimer: This analysis is for educational purposes only. Always trade with stop-loss and trailing stop-loss to protect your profit and limit your loss. Buy only above the high of the one-hour candle close and sell below the low of the one-hour candle close. Please conduct your own analysis before making any trading decisions.
"ORDI/USDT Long Setup - Triangle Breakout with Clear Risk-RewardORDI is displaying a bullish breakout pattern from a descending triangle, indicating potential for upward momentum. After breaking out of the resistance zone near $41.6, it appears to be consolidating for another leg up.
Descending triangle broke upwards, signaling bullish sentiment.
A smaller symmetrical triangle is forming near the breakout zone, suggesting accumulation.
Keylevels-
Resistance: $41.6 (previous breakout level).
Support: $37.6 (key level for risk management).
Technical indicators
Bullish momentum evident as price makes higher lows.
Volume analysis suggests increased interest on breakout candles.
Trade plan
Entry: Buy near $39.6, at the lower boundary of the symmetrical triangle.
Profit Target: $48, based on the measured move of the descending triangle breakout.
Stop Loss: $37.6, below the recent swing low.
Gold positional short upto 7th december 72000As the trending up channel has been broken with SL of 2686 one can go short on every up
Best short at 2661 2653 and risky traders can short at 2643 for the target of $2500
Yes there is support at 2589 but partial profit can be booked there with revised SL of 2619
Bullish on bitcoin Bitcoin, is making correction right now, so next support area at 93,111$, so keep an eye on the zone likely to take reversal from the support, liquidity zone is approaching after that if it's show some bullish strength then rally will continue, or otherwise it will go sideways, no bad news come in market so we can expect a rally, do your own research before trade, and manage risk