Trend Analysis
Nifty Intraday Levels | 19-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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Short term bearish for bitcoinBtc/usdt making double bottom in 4 hour time frame,
Past week btc goes parabolic in 1 hour time frame, and war situation is escalating, so chances are there we can see some correction in btc, plan your trade, and do your own research, always use stoploss, market is very volatile
Update the latest gold price todayOn November 18, gold prices soared nearly $50, breaking a six-session losing streak as the U.S. dollar paused its rally and the Russia-Ukraine conflict intensified. Spot gold closed the session at $2,611 per ounce, recovering from a two-month low.
The sharp rise in gold was partly fueled by U.S. President Joe Biden's announcement allowing Ukraine to utilize long-range weapons supplied by the U.S. to target deep inside Russian territory. This escalation in geopolitical tensions has significantly boosted demand for gold as a safe-haven asset.
This recent rally underscores gold's resilience in times of heightened uncertainty, with investors flocking to the precious metal amid a volatile global landscape.
HOW HIGH CAN BITCOIN GO?Here is a detailed analysis based on Bitcoin's previous cycle. Analyzing the previous cycle chart on the weekly timeframe revealed an interesting report on the importance of technical analysis. We could have easily predicted the blow-off top by using Fibonacci retracement on different tops and pullbacks of the previous cycle. So, I used the same analysis this time to see what it tells about this cycle. But it is important to note that this is for first leg of the bull cycle only, which will be followed by the second leg. The first top will come at about 160K.
#BTC #CRYPTO
Crude oil current scenario.. Crude is at a crucial support, and at bottom of descending triangle.. the 2 possible scenarios are marked, aggressive players can try a long here will SL below support marked, follow the arrows for a buy or a sell positions with target of next support or resistance respectively..
Disclaimer: Thinking out loud not a Buy or Sell Recommendation..
Gold spot : Cup target reached, achieving profit of +33% ROIThe Cup and Handle is a bullish continuation pattern in technical analysis that suggests a potential upward movement in asset prices. Formed over time, the pattern resembles the shape of a teacup, where the “cup” is a rounded bottom, indicating a gradual recovery after a downtrend or side waves.
Following the cup, a smaller dip called the “handle” occurs, representing a brief consolidation before the price rallies upward. Traders see this pattern as a signal of buying pressure gaining strength and often enter long positions during the breakout above the handle’s resistance, anticipating further price gains and momentum.
• Bullish Continuation: The cup and handle pattern is a bullish continuation pattern, suggesting that the uptrend is likely to resume after the pattern formation completes. This can present an excellent opportunity for traders to enter long positions.
• Clear Entry and Exit Points: The pattern provides well-defined entry and exit points, allowing traders to plan their trades precisely.
• The pattern was first described by William J. O'Neil in his 1988 classic book on technical analysis, How to Make Money in Stocks.
Buy at the breakout point of the handle price at 2,081.7 in March 2024, and sell at 2,783.65 in October 2024, achieving a potential profit of +33% ROI.
Good Risk-Rewards in BNBUSDTBelow are the some points to go through for better analysis:
1. BNBUSDT is one of the great coin for trading as well. Liquidity i also doesn't matter
2. Risk Reward is almost 4.
3. Broder Market of Crypto is upside (Upside Trend)
4. BNBUSDT rally is pending
Disclaimer:
Content shared on or through social site channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
BTCUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDBTCUSD SHOWING A GOOD
UP MOVE WITH 1:8 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Banknifty Intraday Analysis for 19th November 2024NSE:BANKNIFTY
Index closed near 50365 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
51000 Strike – 16.62 Lakh
51500 Strike – 14.43 Lakh
50500 Strike – 10.92 Lakh
Put Writing
49500 Strike – 19.33 Lakh
50000 Strike – 17.10 Lakh
49000 Strike – 12.58 Lakh
Index has immediate support near 49800 - 49700 range and if this support is broken then index may tank near 49500 - 49400 range.
Index has resistance near 50800 – 50900 range and if index crosses and sustains above this level then may reach near 51300 – 51400 range.
Gold At Important LevelAs per my understanding Gold at very crucial point. It is on daily chart trend line. We are about to see huge move up or down really soon. After that move I don’t see any further resistance or support soon in the area.
Influence
1. Trump Election
2. Fed Cutting Rate
3. Inflation
Long Term Investment Opportunity in Electronic Retail Chain CoHello everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock is which is engage in Electronic Retail Chain in Bihar stock name is Aditya Vision Ltd, and it incorporated in 1999, it is engaged in trading of electronic items.
Stock is technically good as it has taken perfect support at previous breakout zone,, So Previous support is acting like a support zone for this. Best entry, stop loss, long term stop and targets already i have mention above on chart, Please use for trading and investing. For short term to medium term targets i have already written but i feel as company is making profits continuously it should grow minimum with 25% CAGR and above. And this figure is enough to give huge returns in medium term to long term. No double if we can see 1000% returns in next 5-7 years.
Key Points:-
Products
The company sells 10,000+ Products ranging from Digital Gadgets like Mobile Phones, Laptops, and Tablets to Entertainment Solutions like Televisions, Sound Bars, Home Theaters, Cameras, Accessories to Home Appliances like Air Conditioners, Refrigerators, etc.
Market Share
The company holds ~50% market share in organized electronic retail in Bihar. It is the Largest Electronic Retailer in Jharkhand.
Customer Base
The Company retails products from 100+ Indian and international consumer durable and electronic brands like Samsung, LG, Sony, Panasonic, Philips, and Voltas etc.
Business Model
80% Direct OEM Supply
20% Distributors/C&F Agents
Fund Raise
The company raised Rs. 282 cr from one of the World’s largest FII – Capital Group in FY24; their first fund raise after IPO.
Focus
The company aims to grow at 20-25% revenue CAGR over the next 3 – 5 years. Progressing towards Central UP from Eastern UP. Business is ready to scale beyond Bihar, Jharkhand & UP to adjoining states in the “Hindi Heartland” over the next 3-5 years based on “Creeping Cluster Approach”.
Fundamentals:-
P/E ratio is 60.8284 which is lower than it's Industry P/E 60.83
ROCE is 28.55%
ROE is 25.12%
Operating Profit Margin (EBITDA Margin) is 9.61%
Annual Sales has grown by 31.84%
Annual Profit has grown over by 20.16%
3 Years Sales CAGR is 29.81%
3 Years Profit CAGR is 76.49%
Quarterly Sales has grown over by 20.03% YoY
Quarterly Profit has grown over by 26.79% YoY
Gross Block has increased by 43.9% as compared to last year
FII have increased their stakes by 2.63% in the latest quarter (10.23% to 12.86%)
FII have increased their stakes by 12.86% in last 3 years
DII have increased their stakes by 0.51% in the latest quarter (8.23% to 8.74%)
DII have increased their stakes by 8.74% in last 3 years
Promoters + FIIs + DIIs hold 74.83% in the company
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Bullish momentum stalls amid resistanceUSD/JPY is currently trading around 154.57 after a strong rally. It seems that the bulls have run into pressure at the 155.00 resistance zone, while technical and market sentiment factors are also influencing the next direction of the pair.
Technical analysis:
Nearest resistance: 155.00 - a strong psychological resistance zone where the price is struggling to overcome.
Nearest support: 154.00 - a key support level, if broken, the price could fall further to 153.00.
EMA 34 and EMA 89: The price is trading around EMA 34 (short-term support), but is still above EMA 89, suggesting that the medium-term uptrend is still in place.
Price pattern: There are signs of a pause, with the possibility of forming a "Pullback" pattern or a slight reversal before continuing the main trend.
Personal opinion:
I see the market facing a dilemma between buying and selling forces. The recent increase in USD is supported by high US bond yields and positive market sentiment. However, if it fails to break above the 155.00 zone, USD/JPY may correct slightly before looking for new momentum to continue rising.
Trading strategy:
Buy: When the price breaks above 155.00, the next target is 156.00.
Sell: When the price falls below 154.00, the next support target is 153.00.
Gold is under pullback : Read my last postAs expected gold is finally under a pullback wave and price opened with a gap , this gap is now going to act as good high volume support area(2560-70).
At the time of writing this post price is facing resistance on weekly pivot(2595) and bulls need to re-claim this level on H4 to see higher levels , First resistance (Target in case of buy) that we have to watch is area at 2630-40(bearish Imbalance) and the final resistance zone as per fib is 2663-93 from where we can re load the sell for target 2530 area again.
As of now I am expecting continuation in pullback (Bullish) and my first target will be 2630 and for sell I will wait confirmation on H4 or daily Time frame.
BankNifty Support&Resistance for 19th November TuesdayImmediate support is at 50300, and immediate resistance is at 50450. If the price breaks above 50450, look for long positions with targets at 50600, 50800, and potentially up to the 51K area.
On the flip side, if the price breaks below 50300, consider shorting with targets at 50100, 50000, and 49900 below.
Avoid trading in the zone between 50300 and 50450, as this is a neutral area.
Overall, the market is still in a bearish structure, with lower lows and higher lows. Be cautious around these levels, and stick to the plan: bullish above 50450 and bearish below 50300. Stay disciplined, and manage your risk."
RSI IndicatorThe best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies.
Low RSI levels, below 30, generate buy signals and indicate an oversold or undervalued condition. High RSI levels, above 70, generate sell signals and suggest that a security is overbought or overvalued. A reading of 50 denotes a neutral level or balance between bullish and bearish positions.
Beautiful Price Action With Good Q2 Numbers.NSE:GARFIBRES Posted Good Q2 Numbers for FY 24-25 with Margin Expansion, it is one of India's leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide, it also manufactures and provides world-class solutions in high-performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics.
Results Snapshot:
QoQ Sales: 25.10 %
QoQ Profits: 40.80 %
YoY Sales: 28.10 %
YoY Profits: 25.80 %
OPM%: 22%
Currently Trading at 41.30 times P/E. with Book Values/Share of 8.29.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NIFTY - Bottom is not done yetNIFTY CMP: 23720
Internal counts are attached. Final 5th on the downside is not done yet and we could go down once again below 23300 (possibly 22800-23000)
The upmove has halted below 23800, previous support zone turns resistance.. and between 0.38 and 0.5 retracement of the fall from 24337 to 23350.
Long view only if it breaks 23900-24K