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Finnifty Intraday Analysis for 28th October 2024NSE:CNXFINANCE Index closed near 23735 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24100 Strike – 13.00 Lakh 24000 Strike – 9.62 Lakh 23900 Strike – 5.87 Lakh Put Writing 23600 Strike – 6.02 Lakh 23000 Strike – 5.29 Lakh 23500 Strike – 4.85 Lakh Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 23200 – 23100 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 28th October 2024NSE:NIFTY_MID_SELECT Index closed near 12320 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12700 Strike – 21.67 Lakh 12600 Strike – 19.00 Lakh 12500 Strike – 15.31 Lakh Put Writing 12000 Strike – 25.38 Lakh 12300 Strike – 9.60 Lakh 12200 Strike – 9.25 Lakh Index has immediate resistance near 12550 - 12650 range and if index crosses and sustains above this level then may reach 12800 – 12900 range. Index has immediate support near 12150 – 12100 range and if this support is broken then index may tank near 11950 – 11900 range.
NLong
by RKMAURYA
DOUBLE TOP PATTERN SHOWING ON EURAUD IN DALY TIMEFRAME EURAUD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD DUE TO THESE REASON A.DOUBLE TOP PATTERN SHOWING ON EURAUD 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
Long
by tradergyan01
Pre Market analysis NIFTY 50 - 28th oct 24Market Analysis NIFTY 50- 28 oct 24 - NIFTY opening 24251 , immediate Support - 24288- Pivot till CP 24175 - can be a good dip here if sustains bullish yellow trendline - Below this 24073 -PDL for breakdown RESISTANCE- 24327 if sustained can be bullish M structure buy on dip ,also to watch out for rejection till 24400 and bigger downtrend continues #NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
NSE:NIFTY
by ashit_k
BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDBTCUSD SHOWING A GOOD UP MOVE WITH 1:6 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
CRYPTO:BTCUSDLong
by tradergyan01
2
What is Price Action ? Beginners Guide in Easy Steps Part -2In our previous discussion, we delved into the fundamental techniques of reading a price chart with key price action strategies. This time, we're set to expand our understanding even further. By the end of this article, you'll have a fresh perspective on analyzing charts and interpreting price movements, empowering you with deeper insights and more confident trading decisions. 1. Identify the direction of trend with the help of price action candlesticks a.)Strong Uptrend: Green candlesticks moving upwards continuously. Indicates strong buying pressure with no selling pressure. b.)Uptrend with Deep Retracement: Green candlesticks with some pullbacks. Sellers present, causing temporary price dips. c.)Indecisive Market: Alternating red and green candlesticks. No clear market direction, prices moving up and down without strong conviction. d.)Tight Range Before Breakout: Small red and green candlesticks within a tight range. Usually occurs before a significant breakout. e.)Weak Uptrend with Choppy Price Action: Alternating red and green candlesticks, choppy pattern. Indicates weak buying pressure and strong selling presence. f.)Healthy Uptrend: Green candlesticks with few red ones. Strong buying pressure with minimal selling, indicating a solid upward trend. 2. Importance of Wicks and the closing of candle Wick and a Doji Candle: Indicates early signs of buyers attempting to stop the price decline, If you observe closely there is a wick in previous candle also, on the break of high of the candle price hit trendline resistance and fallen again. Second Wick at the Same Zone: Sellers tried to push the price down again, but buyers stopped it, forming a bullish pin bar. First wick formed a demand zone but the second wick confirmed of buyers activity. After Some Fight, Buyers Win: Buyers managed to push the price up From the range, kicking out the sellers. More Lower Wicks: Indicates both buyers and sellers are active, but buyers are gradually winning, which is bullish. Lower Wick Shows Demand: After a downturn, the lower wick signals demand coming in. Inside Bar with Bigger Upper Wick: Shows bearish bias. The break of the low led to the continuation of the fall. NOTE: Wicks are an early indication of demand or supply presence, but the location of formation will be more important.It would help if you determined whether it's in an uptrend, downtrend, or range. 3. Multiple Candle Rejection A)Exhaustion Gap: At one point, the chart shows a gap up, where the opening price equaled the high of the day. This indicates an exhaustion gap, suggesting potential for a larger correction. Despite this, only a single bar correction occurred initially, showing resilience. B)Brutal Correction: A sharp, one-bar correction is seen, followed by buyers trying to push the prices back up within the same candle. This indicates a strong fight between buyers and sellers. C)Inside Bars and Tight Range: The presence of multiple inside bars with tight ranges and prominent lower wicks signals consolidation and market indecision. This is a period where neither buyers nor sellers dominate, often preceding a significant move. D)Break and Continuation: Eventually, the price breaks and closes above the range of the inside bars. This breakout triggers a continuation of the uptrend, evidenced by the subsequent series of green candles and higher prices. #Understanding Candlestick Wicks: Wicks/Tails: These are crucial as they indicate early signs of demand or supply. In this chart, the lower wicks suggest that buyers are stepping in at lower prices, even during pullbacks, showing underlying strength. 4.Importance of Close Of Candle If you wait for close of the Candle beyond support or resistance zone then it can help you take high-probability entries only and avoid fake breakouts. Fake breakout means when the price breaks the support or resistance area but it failed to sustain beyond that area and quickly comes inside the range. That's all for today's idea I hope you have gained good insights into how to read market direction with the help of candlesticks structure If you read market direction in consideration with the factors explained in Part 1 then the outcomes will be Great. If this idea helped you learn something new hit the boost button and share with your friends, Stay tuned new ideas in this series coming soon. Keep Learning, Happy Trading. NSE:NIFTY
NSE:NIFTYEducation
by SANJAYPATIDAR_
2
GBP Analysis for Potential Buy or Sell Entry Overview: We’re focusing on a POI (Point of Interest) zone where we expect potential price reactions. This POI zone represents a key support or resistance area, and it will determine whether we enter a buy or sell position depending on how the market price reacts to it. Plan: 1. If the market price finds support at the POI Zone: Look for confirmation signals (such as bullish candlesticks, break of recent highs, or volume increases). Enter a Buy position targeting higher levels, aiming for a positive risk-reward ratio. Identify potential target levels based on previous resistance or Fibonacci extensions. 2. If the POI Zone fails as support: Wait for the price to retrace back towards the POI zone, testing it as resistance. Enter a Sell position targeting lower levels, especially if bearish patterns or momentum indicators confirm the move. --- Key Reminder: Trading always involves probabilities, not certainties. No strategy is foolproof, and risk management is essential. Make sure to place stop-losses in appropriate positions to protect your capital, and remember that disciplined execution is key.
Long
by dkrajkumar90
AUDJPY SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDAUDJPY 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
Long
by tradergyan01
Nifty Intraday Analysis for 25th October 2024NSE:NIFTY Index closed near 24400 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 77.75 Lakh 24500 Strike – 59.27 Lakh 24400 Strike – 36.05 Lakh Put Writing 24500 Strike – 59.72 Lakh 24000 Strike – 54.39 Lakh 24400 Strike – 48.85 Lakh Index has resistance near 24550 – 23650 range and if index crosses and sustains above this level then may reach near 24850 - 25950 range. Index has immediate support near 24350 – 24300 range and if this support is broken then index may tank near 24150 – 24050 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 25th October 2024NSE:BANKNIFTY Index closed near 51530 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52500 Strike – 24.40 Lakh 52500 Strike – 20.27 Lakh 51500 Strike – 14.12 Lakh Put Writing 51000 Strike – 20.25 Lakh 51500 Strike – 18.29 Lakh 50500 Strike – 11.30 Lakh Index has resistance near 51900 – 52100 range and if index crosses and sustains above this level then may reach near 52600 – 52700 range. Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 25th October 2024NSE:CNXFINANCE Index closed near 23855 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24100 Strike – 5.23 Lakh 24000 Strike – 4.26 Lakh 23900 Strike – 4.17 Lakh Put Writing 23700 Strike – 3.79 Lakh 23800 Strike – 3.32 Lakh 23600 Strike – 3.21 Lakh Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 24200 – 24100 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 25th October 2024NSE:NIFTY_MID_SELECT Index closed near 12570 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12700 Strike – 11.18 Lakh 12800 Strike – 10.57 Lakh 12600 Strike – 10.14 Lakh Put Writing 12400 Strike – 9.91 Lakh 12500 Strike – 9.41 Lakh 12300 Strike – 7.30 Lakh Index has immediate resistance near 12700 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 13000 range. Index has immediate support near 12400 – 12300 range and if this support is broken then index may tank near 12150 – 12100 range.
N
by RKMAURYA
Pre Market Analyisis NIFTY 50- 15 oct24Market Analysis NIFTY 50-  25 oct 24 - NIFTY opening 24418 , immediate Support -  24380 - CP + PSY  & yellow trendline will also act as support , Below this 24350 -PDL  for breakdown if not sustains (but a very strong support area) RESISTANCE-  24400 itself - Pivot- if sustains can continue bulish till Resistance 1 +PDH - 24488  , also to watch out this level for rejection and downmove continuation , Bullish above this  #NIFTY #niftyanalysis #nifty50 #niftyprediction  #banknifty #stockmarket #marketanalysis  #nifty scalping  #niftyview #niftyscalping  #scalping #stockmarketview
NSE:NIFTY
by ashit_k
BANKNIFTY - 25th October!Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:BANKNIFTYLong
by thetradeforecast
1
BITCOIN IS NOW READY TO MAKE A NEW HIGHER HIGH AFTER BREAKOUTBTCUSD SHOWING A GOOD UP MOVE WITH 1:6 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
CRYPTO:BTCUSDLong
by tradergyan01
3
Nifty Intraday Analysis for 24th October 2024NSE:NIFTY Index closed near 24435 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 131.29 Lakh 24800 Strike – 78.64 Lakh 24600 Strike – 73.46 Lakh Put Writing 24000 Strike – 70.06 Lakh 24200 Strike – 57.71 Lakh 24400 Strike – 57.10 Lakh Index has resistance near 24650 – 23750 range and if index crosses and sustains above this level then may reach near 24900 - 25000 range. Index has immediate support near 24400 – 24300 range and if this support is broken then index may tank near 24150 – 24050 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 24th October 2024NSE:BANKNIFTY Index closed near 51240 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 15.64 Lakh 52500 Strike – 12.92 Lakh 51500 Strike – 11.35 Lakh Put Writing 51500 Strike – 13.65 Lakh 51000 Strike – 13.65 Lakh 50000 Strike – 9.90 Lakh Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52600 – 52700 range. Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 24th October 2024NSE:CNXFINANCE Index closed near 23750 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 3.22 Lakh 24200 Strike – 2.41 Lakh 24100 Strike – 2.17 Lakh Put Writing 23700 Strike – 2.02 Lakh 23800 Strike – 1.82 Lakh 23500 Strike – 1.62 Lakh Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 24200 – 24100 range.
NSE:CNXFINANCE
by RKMAURYA