MFSL - Looks ready to finally bounceStock has broken the trend line with excellent candle making a fresh demand zone area of 1070-80
It also contains a lower strong zone at 1020-30
Chart suggests to bounce from current levels
If happens it may try to reach near its first target area of 1190 - 1200
As market seems too volatile, take confirmation on lower time frame before opening a new positions, also trade with strict stop loss
Trend Analysis
Important Timeframes in MarketThe best time frame for intraday trading depends on your goals, experience, and the stock you're trading. For beginners, mid-day hours with 15-minute charts offer a safer environment, while experienced traders can take advantage of the high volatility during opening and closing hours.
The 3 5 7 rule is a risk management strategy in trading that emphasizes limiting risk on each individual trade to 3% of the trading capital, keeping overall exposure to 5% across all trades, and ensuring that winning trades yield at least 7% more profit than losing trades.
happy trading!!!
Bitcoin updatesAfter making Low of 91226 price bounced impulsively, it was bound to happen due to extended 5th wave, now making a structure on impulsive nature and 1-2 is complete and 3 is undergoing or about to complete, I have marked 1 at 94915 an wave 2 is running correction-wxy, it also gives an impression of 1-2-1-2 but its inner count doesn’t allow, so wave 3 started from 94150 and its 200% extention is a 101,715 and now in a corrective mode, we can expect a correction for wave 4 in the range of 23-38% and than for 5th wave. Since wave 3 is extended wave 5 has to only a new high and break of 38% to the upside for complete impulse.
There was a mid point where price rested a bit 99462 and continued upside move,it wasn’t even 161.8 of 3, so ignored and if it will the end of three than price must not break 100441 level to downside in current correction is 5th wave needs to make a high 103063 to complete the impulse.
Nifty index22800-23000 zone can be considered a short term to medium term base after a 4 month downfall first strong move breaking a downward trendline in coming month possibility of nifty visiting back towards 25000-27000 zone are becoming higher view fails on nifty start closing below 23000 level consistently .
Natural gas holding sell trade from 285, , Target 275How to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal trade ,
Safe traders can wait for 27% levels break
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
An Exchange at a discount!!MCX CMP 5875
Elliott- Thats an expanded flat corrective pattern. The B leg gives a false breakout and then breaks down and closes way below the end of A wave. Here C is 1.618 of A.
Fibs- That it has halted at 50% from a higher swing is an indication that the trend is strong and intact.
RSI - the oscillator is above its bull zone. Hence the trend is intact.
MA- Its also at MA support.
Conclusion - the stock is down 16% from the highs and is a good buy for next six months to a year.
BankNifty is in value buy zone Banknifty is deep value buy zone. In near future this can go beyond 55000 and we are trading near 48000. INR depreciation coupled with Trump check in and upcoming budget has created a volatility in the market, it's a great time to accumulate for the long term. Keep buying every dip.
BNF's PE ratio is below mean and is bound to rebound with slightest signal in economic upturn.
Keep buying BNF
Nifty levels - Feb 05, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
BankNifty levels - Feb 05, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
BTCUSD Analysis on (03/02/2025)BTCUSD UPDATEDE
Current price - 94200
If price stay above 89000,then next target 97800,104000 and below that 86000
Plan; if price break 94000-93000 area and above that 94500 area,we will place buy oder in BTCUSD with target of 97800 and 104500 & stop loss should be placed at 89000
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD
As of February 4, 2025, the EUR/USD pair is experiencing significant volatility, primarily due to recent geopolitical developments, including the U.S. administration's imposition of tariffs on imports from Mexico, Canada, and China. These actions have led to heightened market turbulence and a notable decline in the euro.
**Technical Overview:**
- **Current Price:** 1.0277
- **Resistance Levels:** 1.0300, 1.0350
- **Support Levels:** 1.0200, 1.0150
**Technical Indicators:**
- **Trend:** The pair is currently in a bearish trend, having broken below key support levels.
- **Relative Strength Index (RSI):** The RSI is approaching oversold territory, indicating potential for a corrective rebound.
- **Moving Averages:** The price is trading below both the 50-day and 200-day moving averages, reinforcing the bearish outlook.
**Trade Recommendation:**
Given the prevailing bearish momentum, initiating a **buy** position carries significant risk. However, if you anticipate a corrective rebound, consider the following cautious approach:
- **Entry Point:** Wait for a confirmed break above the immediate resistance at 1.0300 before entering a buy position.
- **Take Profit (TP):** 1.0400
- **Stop Loss (SL):** 1.0200
**Risk Management:**
This trade setup offers a 1:1 reward-to-risk ratio. Ensure that your position size aligns with your risk tolerance and overall trading strategy. Given the current volatility, it's crucial to employ strict risk management practices.
**Conclusion:**
The EUR/USD pair is currently under significant bearish pressure due to geopolitical factors and technical breakdowns. While a corrective rebound is possible, any buy positions should be approached with caution, and traders should be prepared for potential further declines.
*Disclaimer: Trading forex carries a high level of risk and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.*
V2 Retail Ltd: CnH Breakout Setup🛒 V2 Retail Ltd: CnH Breakout Setup
Entry: ₹2,002.85
Stop Loss (SL): ₹1,687 (on closing basis; -15.77%)
Target:
🎯 Positional Target: ₹2,323 (+15.98%)
🚀 Why this trade?
Chart Pattern: Clear Cup and Handle (CnH) breakout with the stock trading in an ascending channel.
Trend Confirmation: The stock is maintaining its position above key Daily Moving Averages (DMAs), confirming strength in the uptrend.
Sectoral Tailwind: Budget 2025 brings a positive outlook for the consumption and FMCG sector, supporting this trade's fundamentals.
Volume: Increasing, but it still needs improvement to strengthen the breakout signal.
⚠️ Key Observations and Risks:
Resistance Ahead: The channel top may act as resistance, so price action near these levels should be watched carefully.
Market Context: Broader market trends are weak, making this a counter-trend trade that adds an element of risk.
Volume Concerns: Volume is yet to fully confirm a breakout; a retest is possible.
📚 Educational Insights:
Channel Tops as Resistance: In ascending channels, the upper boundary often acts as dynamic resistance; breakout strength depends on volume.
Risk Management: With a wide stop loss (closing basis), position sizing becomes critical to limit exposure.
This is a positional trade, so short-term fluctuations shouldn’t influence decisions prematurely.
✅ Suggested Approach:
Take small positions initially to minimize risk while testing the market.
Monitor volume and sector strength for additional confirmation.
Avoid over-leveraging in trades with broad SLs, especially in counter-trend setups.
📈💡 "Adapt to market behavior, but always trade with discipline and patience."
Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Trading and investing involve significant risk, and past performance is not indicative of future results. Please consult with your financial advisor before making any trading or investment decisions. Always manage your risk and trade responsibly.
This $SEI setup could be the best entry of the bull run!This NYSE:SEI setup could be the best entry of the bull run! Don’t miss out!
The market dumped hard, but opportunity knocks.
#SEI pumped 118% from our entry before dumping! Now, I’m accumulating in the Daily Demand Zone.
▫️ Potential: 5x-10x
▫️ SL: Below $0.20 (Daily Demand Zone)
If $0.20 holds, this could be the best entry of the bull run! 🏆
#Altcoins
Dow Jones 1Day Chart at 2 Top - Warning Signal - SellPast will reflect in present structure. Evidence will take time to approve this structure.
Problem here is that 1M Fisher is bent at Top and that too from a FFHTSI Bottom to make a Top. Just few days for finding this important structure that it perfectly works.
If this analysis is correct within few days, please comment.
Time frame - At present if 1W KOD is confirmed, this fall will linger on for weeks and further structure will decide whether it will continue for months.
In my previous intra day analysis on Dow Jones, I talked about 1H 2 Top, it did not work on that day but from next day, it was falling as predicted. Have a look.