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Trend Analysis

BANKNIFTY: INSTITUTIONAL LEVELS FOR 05/11/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:BANKNIFTY
by tony_fx_sm
NIFTY50: INSTITUTIONAL LEVELS FOR 05/11/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
STEELCAS - Strong Base Breakout on Weekly ChartThe stock was in a long, 52-week consolidation phase before breaking out. 9-Week Small Base Formation: Before the breakout, the stock formed a 9-week "small base" near the top of the consolidation range. This pattern shows a tightening of price action, where volatility decreases and the stock consolidates in a smaller range. This formation often acts as a springboard, where price gathers momentum to break out above resistance. The small base also suggests reduced selling pressure and growing buying interest. 2x Average Volume on Daily Chart: The daily chart shows an increased volume on last day, with trading volume reaching twice the average on the day of the breakout. High volume on breakout days confirms that institutional buyers are likely entering, adding strength to the breakout move. Rising EMAs Indicating Strength: The rising Exponential Moving Averages (EMAs) confirm the underlying bullish trend. The shorter-term 20-week EMA, in particular, is sloping upwards, suggesting ongoing strength and upward momentum. Trade Setup with Key Levels Entry Point: The ideal entry would be near the breakout level of 830-850, confirming the breakout above resistance with strong volume. Targets: Target 1: 910 – A reasonable target near the next resistance. Target 2: 1,020 – Provides further gains if the bullish trend continues. Target 3: 1,150 – For a long-term position if momentum sustains. Stop-Loss: Set a stop-loss around 735, below the consolidation range, to manage risk in case of a false breakout.
NSE:STEELCASLong
by Profit_Trader25
HOW PRICE REACTS TO DEMAND liquidity zones play a crucial role in shaping market moves. When price hits a demand or supply zone, it's often just the beginning of a liquidity hunt. We frequently see price spiking to these areas to “sweep” liquidity—essentially taking out stop losses and trapping both buyers and sellers who enter too early. Typically, the market likes to form structures such as double bottoms or double tops, which attract breakout traders. But more often than not, price reverses unexpectedly after these formations, trapping breakout traders on the wrong side. After these liquidity sweeps, the market gathers the fuel it needs to move with purpose, often correcting imbalances left behind from rapid moves. This collected liquidity enables a strong, healthier momentum in either direction. So, patience is key—waiting for confirmation of liquidity grabs at resistance or support zones gives a stronger signal and often provides safer entry points.
OANDA:XAUUSDEducation
by munmeeth
4
GOLD ANALYSIS FOR 5TH NOV <ELECTION PREDICTION>Gold Technical Analysis Update At the moment, gold is hovering around a key order block area, showing some attempts to hold this level. We've seen price action break highs but with significant retracements, often pulling all the way back to previous swing lows. However, notably, these retracements aren't resulting in any candle closures below these lows, which could imply sustained support. For potential longs, a break above the minor resistance could open up some upside opportunities. However, keep in mind the target here is limited, likely reaching only the recent swing high. For shorts, we would need a decisive break and retracement below the major order block to confidently enter. My suggestion? Wait for a solid break of the swing highs before considering longs to reduce risk exposure. US Elections and Market Volatility With the U.S. elections in play, the market is set to become highly volatile. This environment is ideal for stop-loss hunting, with rapid buying and selling likely on both sides of the market. My advice? Today might be a day to stay out and watch the action from the sidelines. The market could swing unexpectedly, so protect your capital by avoiding any trades. If you found this analysis helpful, make sure to like, follow, and comment for more trading insights!
OANDA:XAUUSD
by munmeeth
BTC TRADE LOGIC 4TH NOVGold Trade Recap: Order Block, Break of Structure & FVG Entry In this trade, we observed gold struggling to create higher highs at a key order block. The price demonstrated a change of character by breaking structure and making a lower low, signaling a potential shift in trend. Trade Setup and Execution We patiently waited for a retracement and noted strong rejection at the Fair Value Gap (FVG) zone. This entry offered high confluence, as it aligned with our strategy. Target profit was set at the 4-hour resting liquidity level, providing a clean 6.5R trade with zero drawdown—a highly efficient setup. note: trade was entered only once i had 15,5,3 min time frame confirmation If you'd like live updates and entries, please follow, like, and comment. Once we reach 500 followers, I’ll post all trades live to help you learn in real-time.
Short
by munmeeth
REASON I DONT LIKE SL ENTRY CONCEPTTrade Analysis on Higher Time Frames and Entry Execution: Starting from a higher time frame, we identified a significant order block, indicating a potential area for price reaction. Moving down to the 15-minute time frame, we observed that price was struggling to break its recent high, signaling potential resistance at that level. After the high was eventually broken, we held back, waiting for either a retracement or for price to fill any imbalances created in the process. Once these conditions were met, I identified a strong entry signal with a bullish engulfing candle, complemented by a break of recent highs on a smaller time frame. Confident in the setup, I entered the trade. Price quickly moved towards my take profit, so I decided to secure the trade by moving my stop-loss (SL) to the entry point. However, as often happens, price pulled back, hitting my SL at entry before moving back in my favor to hit the original take profit (TP) target. This example shows the drawbacks of using trailing stops or moving SL to entry, particularly in scenarios where price is volatile or experiences quick pullbacks. For me, setting a predefined SL and TP without adjustments tends to yield the best results, reducing the risk of being stopped out prematurely in strong setups.
OANDA:XAUUSDLong
by munmeeth
GOLD SL LEARNING 4TH NOVIn our recent trade, we observed gold holding below a key order block while consistently forming lower lows, unable to break previous highs. This behavior often signals potential for a buyer trap. Based on our strategy, we noted two critical indicators of a trap: Double Bottom Pattern: When gold forms a double bottom near the lows, it’s often an 80% probability trap for buyers, encouraging premature long positions. Trendline Breakouts: A breakout without breaching highs can also act as a setup to lure buyers, especially when price aligns with an order block. Trade Execution Plan price was at order block , our plan was to enter short once gold broke the recent lows, expecting the setup to confirm the downward momentum and trap buyers who anticipated a reversal. We had solid confirmation across the 1, 3, and 5-minute time frames. However, after entry, a bullish engulfing candle formed on the 15-minute chart, pushing price into sideways movement and eventually hitting our stop-loss. Market Context & Takeaways In volatile markets, it’s challenging to wait for higher time-frame confirmations as the market moves quickly, demanding timely risk-taking. Losses are part of the process, and our strategy remains sound with consistent results. In the last 7 days, I’ve recorded only 2 stop-losses, with all other trades hitting take-profit targets. For more insights, follow for updates on trading lessons and setups.
OANDA:XAUUSDShort
by munmeeth
Technical Analysis Part - 3Volume can confirm divergence signals by indicating the strength and conviction behind price movements. High volume during divergence signals strengthens the reliability of the signal, while low volume may indicate weaker market sentiment. The basic rule of thumb is that an RSI value over 70 indicates a stock is “overbought” and may see its price fall in the future. Meanwhile, an RSI value of 30 or lower can mean that the price could go up. An RSI of 50 is often seen as neutral, meaning the stock has not been either overbought or oversold.
NSE:BANKNIFTYEducation
by SkyTradingZone
Technical Analysis Part - 2The RSI provides immediate signals for buying and selling, helping you understand whether an asset is overbought or oversold. RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued. Volume can confirm divergence signals by indicating the strength and conviction behind price movements. High volume during divergence signals strengthens the reliability of the signal, while low volume may indicate weaker market sentiment.
NSE:BANKNIFTYEducation
by SkyTradingZone
Technical Analysis Part - 1An RSI divergence occurs when price moves in the opposite direction of the RSI. In other words, a chart might display a change in momentum before a corresponding change in price. A bullish divergence occurs when the RSI displays an oversold reading followed by a higher low that appears with lower lows in the price. The RSI provides immediate signals for buying and selling, helping you understand whether an asset is overbought or oversold. RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued.
NSE:HDFCBANKEducation
by SkyTradingZone
Technical Analysis Part - 4The MACD is a momentum indicator that can be used to anticipate changes in market sentiment. However, it is not foolproof: experienced traders look to other metrics, such as trading volume, for a more complete perspective on market sentiment. Key Takeaways The moving average convergence divergence (MACD) is a popular momentum indicator that is used in technical analysis. The MACD is calculated by comparing exponential moving averages in a security's price. The MACD line is charted alongside a nine-day moving average of the MACD line, called the signal line, and a histogram representing the difference between these two curves. Traders use the MACD histogram to anticipate changes in market momentum. MACD analysis can still generate false price predictions. Experienced traders use additional metrics and fundamental analysis to support their forecasts.
NSE:BANKNIFTYEducation
by SkyTradingZone