Much awaited candle has formed!As we can see BANKNIFTY got strong rejection from our given trendline as we expected and has been waiting for weekly candle to form for the same reason. Now as long as BANKNIFTY maintains itself below the trendline, every rise can be sold so plan your trades accordingly.
Trend Lines
Much awaited candle has formed!As we can see BANKNIFTY got strong rejection from our given trendline as we expected and has been waiting for weekly candle to form for the same reason. Now as long as BANKNIFTY maintains itself below the trendline, every rise can be sold so plan your trades accordingly.
FINNIFTY WEEKLY ANALYSISLooks like two legs sideways to down might be seen in FINNIFTY. The tight bull channel, breakout of the trend channel line should set up a reversal, Since it is a tight channel, in a strong bull trend, any reversal should result in side ways movement, rather than a bear trend. The reasons for the bars to move higher or lower are mentioned in the chart
Larsen & Turbo Sept Monthly Expiry Expecting some momentum due to September month expiry closing in larsen & tourbo due to following reason
1) Long wicks currently indicating sellers are in control
2) Shooting star candlestick
3) Inside bar Candlestick pattern (Whichever side it breaks this
will be directional)
4) Since monthly expiry expecting some momentum
(Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
EURUSD Fluctuates, Downside Risks Increase!Hello everyone, today let's take a moment to reflect on the movements of EURUSD. Will it rise or fall? Here are some detailed insights and analysis from Alisa regarding this currency pair.
Currently, the uptrend of EURUSD has weakened, with the price fluctuating at 1.1159, down 0.15%. With the upcoming Fed meeting, the market is very cautious. If the Fed signals an interest rate hike, this could put pressure on the Euro and push the pair lower.
Looking at the chart, the trend seems to be shifting to a sideways move and possibly a decline. With support at 1.114, the pair will test resistance at 1.119. If it fails to break this resistance, the pair is likely to drop further.
That’s my analysis, what do you think?
FILUSDT: Is This a Bull Trap or a Breakout?Yello Paradisers! Is FILUSDT gearing up for a bullish run, or is this just another fake-out? The recent breakout from a resistive trendline and the formation of a W-pattern are raising hopes of a potential bullish move. But, as always, the devil is in the details. 🧐
💎If FILUSDT breaks out and closes a candle above the resistance zone, it will confirm the W-pattern, significantly increasing the probability of a bullish rally. This would be the ideal entry point for those looking to ride the uptrend.
💎In case of a pullback, we can expect a bounce from the support zone. However, if the overall market shows heavy bearish momentum, it's wiser to ignore any long entries. Here, scalping opportunities might arise, but they should be approached cautiously.
💎For a stronger confirmation of bullish strength from the support zone, we need to see an I-CHoCH (Internal Change of Character) that indicates a shift toward a bullish market structure. Without this, any move upwards could be weak and short-lived.
💎Be vigilant! If FILUSDT breaks down and closes a candle below the support zone, it will invalidate the entire bullish idea. In such a case, the market could swiftly switch gears, turning this setup into a bearish trap.
🎖Staying disciplined and waiting for clear confirmations will be crucial here, Paradisers. Remember, it’s better to miss a trade than to be caught on the wrong side. Stay safe and patient—this market rewards the sharp and the strategic! 💎
MyCryptoParadise
iFeel the success🌴
Banknifty Intraday Analysis for 27th September 2024NSE:BANKNIFTY
Index closed near 54375 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
54000 Strike – 18.18 Lakh
54500 Strike – 15.88 Lakh
55000 Strike – 15.67 Lakh
Put Writing
54000 Strike – 23.82 Lakh
53500 Strike – 12.59 Lakh
53000 Strike – 10.77 Lakh
Index has resistance near 54500 – 54600 range and if index crosses and sustains above 54600 level then may reach near 55000 – 55100 range.
Index has immediate support near 53850 – 53700 range and if this support is broken then index may tank near 53300 - 53100 range.
Finnifty Intraday Analysis for 27th September 2024NSE:CNXFINANCE
Index closed near 25155 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 4.86 Lakh
25000 Strike – 4.20 Lakh
25200 Strike – 3.85 Lakh
Put Writing
25000 Strike – 6.33 Lakh
24500 Strike – 4.99 Lakh
24900 Strike – 3.86 Lakh
Index has resistance near 25200 - 25250 range and if index crosses and sustains above 25250 level then may reach near 25400 - 25450 range.
Index has immediate support near 25850 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
Midnifty Intraday Analysis for 27th September 2024NSE:NIFTY_MID_SELECT
Index closed near 13260 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13300 Strike – 14.45 Lakh
13200 Strike – 13.30 Lakh
13500 Strike – 11.19 Lakh
Put Writing
13200 Strike – 18.06 Lakh
13000 Strike – 9.05 Lakh
13300 Strike – 7.04 Lakh
Index has immediate resistance near 13300 - 13350 range and if index crosses and sustains above this level then may reach 13450 – 13500 range.
Index has immediate support near 13160 – 13050 range and if this support is broken then index may tank near 12950 – 12900 range.
Adani Enterprises Trend AnalysisObservation based on past 4 examples. Clear upside visible if it breaks this trend. Target4-5 is achievable in a month period if it takes positive direction. But keep booking it ones they hit my targets. Or trail it with previous levels (start with SL1) And ones it cross & sustains 3500 levels. There wont be any limits.
If market itself takes negative direction. I have also given downside targets. So be prepared for the both. But past fall was based on the news, so don’t consider that brutal fall now.
Note: This view is for educational purpose only. I am not a SEBI registered analyst. Please consult your financial adviser for any further lookout.
BTCUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD BTCUSD SHOWING A GOOD
UP MOVE WITH 1:10 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
Nifty Intraday Analysis for 27th September 2024NSE:NIFTY
Index closed near 26215 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26200 Strike – 28.62 Lakh
26000 Strike – 26.04 Lakh
26500 Strike – 26.01 Lakh
Put Writing
26000 Strike – 57.81 Lakh
25500 Strike – 27.19 Lakh
26100 Strike – 22.82 Lakh
Index has resistance near 26250 – 26300 range and if index crosses and sustains above 26300 level then may reach near 26450 - 26500 range.
Index has immediate support near 26000 – 25900 range and if this support is broken then index may tank near 25700 – 25600 range.
EURJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDEURJPY SHOWING A GOOD UP MOVE WITH 1:10 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
EURAUD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDEURAUD 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
NOTUSDT Breakout: Is the Bullish Move Real or Just a Trap?Yello Paradisers! Is NOTUSDT setting up for a big move, or should we stay cautious? 🚨
💎NOTUSDT has broken out of a key resistive trendline and has formed an inverse head and shoulders pattern—this is a classic signal for a potential bullish move. But we’re not out of the woods yet. For this setup to fully validate, we need to see a candle close above the breakout level. Only then can we confidently say the bullish momentum is confirmed.
💎Now, here’s where things get interesting: BTC is approaching a crucial resistance zone. Given this uncertainty, it’s smarter to look for buying opportunities on a pullback. Professional traders may choose to scalp near the support levels, but for beginners, it’s better to stay on the sidelines and avoid any unnecessary risks.
💎Keep in mind: If NOTUSDT breaks down and we see a few candles holding below the support level, it will invalidate our entire analysis.
Be patient, disciplined, and wait for the right moment—this is how you win in the long run, Paradisers.
MyCryptoParadise
iFeel the success🌴
HMVL: Sparks Hopes for a 20% Bullish Breakout!Hindustan Media Ventures Ltd has today (26.09.2024) exhibited a bearish trendline breakout, supported by significant trading volume of 2.1 million shares and a price movement reflecting an increase of 4.85% . This indicates increased interest from traders and investors, hinting at potential upward momentum.
A robust support zone has been identified on the chart by circle, where the stock has shown strong movement in both directions multiple times. This level can be deemed critical for future price stability and may offer protection against further declines.
On the daily timeframe, the %K of the Stochastic RSI has crossed the 60 threshold, suggesting that upward momentum is gaining traction. Conversely, on the weekly timeframe, the %K remains in the oversold region, indicating that there may be room for recovery and potential bullish reversal in the longer term.
In the daily timeframe, a MACD crossover has already occurred, signaling potential bullish behaviour ahead. The weekly MACD shows signs of strengthening towards a future crossover, which could further support a positive price trend. The histogram is exhibiting signs of positivity, suggesting that momentum may build in the upcoming trading sessions. Positive trends noted in the histogram can be an encouraging sign for prospective buyers.
The stock’s ability to close above the identified hidden trendline could pave the way for testing the next resistance level at 126 . This resistance level will be crucial to monitor as it could determine the stock's short- to medium-term price trajectory.
Disclaimer: The insights presented in this technical analysis report are intended solely for informational and educational purposes. This report is not a substitute for professional financial advice. Investors are encouraged to conduct their own thorough research and consider their financial objectives before making investment decisions.
BANKNIFTY yet to close above the trenline!As we can see BANKNIFTY managed to close above the given trend line. But the weekly candle is yet to be formed hence we cannot yet make decision based on todays closing above given trend line unless tomorrow it closed hence tomorrow's candle could really be important and decisive so plan your trades accordingly.
SHIBHA INU 1WSwing Trading Setup:
Entry Point:
Enter the trade at the breakout of the descending trendline. A clear break and close above this line confirm the bullish momentum. In this chart, the entry would have been around the 0.00001900 level.
Set the target around significant resistance levels or previous highs. According to the chart, the first target could be around 0.00004500. For a more extended target, aim for the next resistance zone near 0.00008850.
Risk-Reward Ratio:
Ensure the risk-reward ratio is favourable (preferably 1:2 or higher). In this setup, the risk to reward appears favourable as it offers substantial upside potential against the defined risk.
Confirmation:
Wait for a strong bullish candle close above the trendline with good volume to confirm the breakout before entering.
Exit Strategy:
Use trailing stops as the price moves in your favour to lock in profits.
Partial profit booking at key resistance levels can help secure gains while letting the rest of the trade run.
This setup capitalizes on the trendline breakout and potential price rally towards significant historical resistance zones. Always ensure proper risk management when executing trades.