BankNifty, Nifty, Gold & Bitcoin - Maha Bounce!In last week's video, we anticipated significant moves across BankNifty, Nifty, Gold, and Bitcoin, all aligning with NDA+ victory in the Maharashtra Assembly elections. Here’s a quick recap and what to watch next:
BankNifty: What's Next?
- The index could face resistance in the 51650-51950 zone as a Bearish Shark pattern unfolds along with falling channel resistance.
- If a gap-up move brings BankNifty into this resistance zone and it holds below 52000, it could present an opportunity to sell.
- Key Alert: If the index breaks above 52000, the Bearish Shark pattern becomes invalid, as it would breach the falling channel.
- In case of a gap-up opening at 51650-51950, be cautious of a sharp drop towards the 50950-51000- first target zone downside
- Further downside could extend to 50350-50550 if 50900 support breaks.
Gold: A $100+ Upside Move
Gold delivered a remarkable bounce, gaining over $100 + as discussed last week.
Bitcoin: Nearing $100,000
Bitcoin is on the verge of a monumental milestone, heading close to the $100,000 mark—a notable achievement since last week's prediction.
Stay sharp as we enter this critical week. Watch for the levels discussed, and remember to trade with caution. Let’s see how these setups play out!
Market whispers! Can You Hear Them?
Have a great week ahead!
Best regards,
WaveTalks
Trend Analysis
Zomato : Head n Shoulder Bearish pattern emergingHead n Shoulder Bearish pattern emerging in Zomato. If price breaks down below 240 then go short with Stoploss of 265 with tgt of 190-185.
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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Thank you.
High conviction stock - BANDHANBNKCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery.
> Taking support at last years support or breakout level
> High chances that it reverses from this point.
> Volume dried up badly in last few months / days.
> Very high suspicion based analysis and not based on chart patterns / candle patterns deeply.
DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING.
HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT !
STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY
ITS A BIG WHOPPER TO INVEST
CVC/USDT Bullish Chart AnalysisCVC/USDT Bullish Chart Analysis
Overview:
CVC/USDT is seeing strong volume, and I’m expecting a big upward move soon.
Entry Zone: $0.14 - $0.12
Key Point: If the triangle pattern breaks, we might see a target of $1 during this bull run. Keep an eye on the breakout point for confirmation.
Targets: $0.25/$0.39/$0.61/$1
Stop Loss: I will set a manual stop loss if the price falls below the triangle pattern.
Stay alert and trade safely!
High conviction stock - BIRLACORPNCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery.
> Taking support at last years support or breakout level
> High chances that it reverses from this point.
> Volume dried up badly in last few months / days.
> Very high suspicion based analysis and not based on chart patterns / candle patterns deeply.
DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING.
HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT !
STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in RATNAVEER
BUY TODAY SELL TOMORROW for 5%
Silver Futures AnalysisKey elements of this setup detailed explanation:
1. Candlestick Chart:
This type of chart is used to display price movements of a financial asset over a specific period.
Each candlestick shows four main pieces of information: opening price, closing price, highest price, and lowest price for the period.
2. Fibonacci Retracement Levels:
These are horizontal lines that indicate possible support and resistance levels.
They are derived from the Fibonacci sequence and are often used by traders to predict potential reversal levels.
The key levels visible on this chart include 23.60%, 38.20%, 50.00%, 61.80%, and 78.60%.
3. Trend Lines:
An upward trend line (in red) shows the general direction of the price movement over time.
It's drawn by connecting the low points of the price movement, indicating an overall upward trajectory before the recent decline.
4. Support and Resistance Levels:
Green horizontal lines represent support levels where the price tends to find a “floor” as it falls.
Red horizontal lines represent resistance levels where the price tends to find a “ceiling” as it rises.
5. Price Action:
This shows the recent downward movement after hitting the 100.00% Fibonacci retracement level, suggesting a potential trend reversal.
The price is currently around the 38.20% Fibonacci level, which might act as a support level.
This setup is instrumental in technical analysis. It helps traders:
Identify potential entry and exit points.
Recognize possible reversal levels.
Make informed trading decisions based on historical price movements and key levels.
Let me know if you need further details or have any other questions! 📊
Bank Nifty (Spot)Date : 25.11.2024
Bank Nifty (Spot)
Timeframe : Day Chart
Remarks : Look at support/resistance trendline if price is closing above 61% at Fibonacci & 52519 resistance level + Moon cycle resistance (52519) enter fresh long with stoploss of support & resistance trendline.
Whenever price goes below 61% & closing below multi month support & resistance trendline then exit longs & enter fresh shorts. This area is trend changer area.
Regards,
Ankur Singh
High conviction stock - GAELCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery.
> Taking support at last years support or breakout level
> High chances that it reverses from this point.
> Volume dried up badly in last few months / days.
> Very high suspicion based analysis and not based on chart patterns / candle patterns deeply.
DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespecitve of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING.
HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT !
STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY
Nifty at a Crossroads: Trendline Break and Resistance LevelsAs discussed earlier, Nifty broke the trendline. To confirm a bullish movement in the coming days, Nifty needs to:
Break the strong resistance at the 24340 level.
Sustain this breakout.
Achieve a strong close above 24340.
If these conditions are met, we can expect a bullish movement. However, Nifty may retrace to the trendline before resuming its upward movement.
High conviction stock - CREDITACCCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery.
> Taking support at last years support or breakout level
> High chances that it reverses from this point.
> Volume dried up badly in last few months / days.
> Very high suspicion based analysis and not based on chart patterns / candle patterns deeply.
DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespecitve of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING.
HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT !
STOCK IS AT RIGHT PE / RIGHT EVALUATION / MORE ROAD TO GROW / CORRECTED IV / EXCELLENT BOOKS / USING MARKET CRASH AS AN OPPURTUNITY / EPS AT SKY
GBPJPY Analysis on(25/11/2024)GBPJPY UPDATEDE
Current price - 193.700
If price stay above 192.200,then next target is 195.200 and below that 191.000
Plan1;If price break 193.800-193.500area,and stay above 193.800,we will place buy order in GBPJPY with target of 195.200 and 197.000 & stop loss should be placed at 192.000
BICO/USDT Looks Ready to Pump – Targets Up to $3.50BICO/USDT Looks Ready to Pump – Targets Up to $3.50 🚀
OMXSTO:BICO is showing strong momentum with good volume recently. If it holds the $0.2860 support level, we might see a big upward move.
▪️ Entry Zone: I am looking to accumulate between $0.32 and $0.29.
▪️ Targets: $0.66/$1.00/$1.83/$2.50/$3.50
▪️ Stop Loss: To manage risk, the stop loss is set at $0.2540.
Note: Watch the support level and volume closely for confirmation of the bullish trend.
Not financial advice so DYOR.
National Aluminum looks strong. Add to your WLNationalaluminium- add to your Watch List.
✅Good pattern- Forming VCP, inverse H&S
✅Stock in an uptrend.
✅Resisted the overall market fall
✅Never fell below 50-200 DMAs while many stocks
were trading well below that in this correction.
✅Volumes are picking up now.
✅3 White soldiers on DTF.
This is a good positional long-term bet. Accumulate or pyramid in this.
This is just my view. This is not a buy/sell recommendation. Please trade as per your risk appetite and discretion.
Gold Trading Strategy for 25th November 2024Gold Trading Strategy: Buy Above 2,725 / Sell Below 2,694
Current Price: 2,716.335 USD
Key Levels:
Buy Signal: If the price closes above 2,725 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 2,694 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: 2,750 and 2,766
Support: 2,684 and 2,662
Market Analysis:
The current price is around 2,716.335 USD, indicating potential for both bullish and bearish activity based on the key levels.
Pay close attention to the range between 2,694 to 2,725 for support and resistance levels.
Recommendations:
Buy: If the price sustains above 2,725 on the one-hour candle close, consider entering long positions. Book partial profits at 2,735 or use a trailing stop loss to protect your profit, with targets at 2,750 and 2,766.
Sell: If the price breaks below 2,694 on the one-hour candle close, consider short positions. Book partial profits at 2,785 or use a trailing stop loss to protect your profit, with targets at 2,680 and 2,662.
Disclaimer: This trading strategy is for educational purposes only and does not constitute financial advice. Trading in financial markets, including gold, carries a high level of risk and may not be suitable for all investors. You should carefully consider your investment objectives, level of experience, and risk appetite before making any trading decisions. Always conduct your own research and seek advice from a qualified financial advisor before investing. Past performance is not indicative of future results.
Aries Agro cmp 315.15 by Weekly Chart view*Aries Agro cmp 315.15 by Weekly Chart view*
- Support Zone 225 to 240 Price Band
- Stock trading between Price Range of 225 to 330 since Jan 2024
- Stock Price is steadily trending over the Rising Support Trendline
- Weekly basis Support at 254 > 195 > 140 with the Resistance only ATH 342.70
- *7+ odd years long timeframe Bullish Cup and Handle with neckline at Support Zone*
NIFTY Levels for November 25, 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.