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BANKNIFTY FOR 03 SEP#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:BANKNIFTY
by MISSION_TRADING
NIFTY FOR 03 SEP#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:NIFTYLong
by MISSION_TRADING
A ACCENDING TRIANGLE PATTERN SHOWING ON GBPJPY GBPJPY SHOWING A GOOD UP MOVE DUE TO THESE REASON A. its following a ACCENDING TRIANGLE PATTERNn 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
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN 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
CRYPTO:BTCUSDShort
by tradergyan01
Bitcoin Crash Incoming? | Elliott Wave Theory Market ForecastGreetings, fellow traders, In this post, I employ "Elliott Wave Theory" to analyze and predict Bitcoin's price movements. The decision to utilize this theory stems from its robust framework for interpreting market cycles, which is essential for precise forecasting in the volatile cryptocurrency market. 1️⃣ The value of an asset directly reflects the sentiment of investors participating in the market. 2️⃣ When investors are optimistic, increased demand naturally drives prices up, while fear among investors leads to price declines. 3️⃣ Prices are a direct representation of investor sentiment, and the "Elliott Wave Theory" is a framework that patterns these price movements. ✅ Conclusion By applying the "Elliott Wave Theory," it is possible to anticipate Bitcoin's next move. Therefore, let's now dive deep into the "Elliott Wave Theory" to both predict Bitcoin's next movements and gain a thorough understanding of this theory. — ✔️BTCUSDT.P / BINANCE / 8H This chart review covers the period from January 24, 2024, to March 14, 2024. During this timeframe, a rare "Double Extended Impulse Wave" pattern appeared, characterized by an extended 5th wave. The supporting evidence for this pattern is as follows: 1️⃣ A breakout from the 1-3 trendline. 2️⃣ The 3rd wave extended beyond 1.618 times the length of the 1st wave. 3️⃣ The 5th wave extended beyond 1.618 times the length of the 3rd wave. 4️⃣ The 4th wave took longer to develop compared to the 2nd wave. I will explore these points in greater detail with the accompanying chart analysis below. — ✔️BTCUSDT.P / BINANCE / 8H This chart includes the evidence discussed earlier, specifically the first point mentioned. (Reference: 1️⃣) In wave analysis, trendlines play a crucial role. A break in the trendline often signifies the end of a wave or highlights the unique characteristics of that wave. In this post, we'll focus on the waves marked on the chart, so please pay close attention to the attached chart. The extension of the 5th wave is significantly influenced by the trendline connecting the peaks of the 1st and 3rd waves. This trendline is especially important in the context of a "Double Extended Impulse Wave." A "Double Extended Impulse Wave" indicates a strong buying momentum in a bull market or a strong selling momentum in a bear market. Therefore, it is expected that the upper trendline (the 1-3 trendline) would be breached as the wave progresses. (leading to a sharp rise in a bull market or a steep fall in a bear market). Please refer to the chart provided above. There are five instances of "Over shooting" , indicating a strong bullish market. This example shows how a single trendline can help identify the market's strength, weakness, and the type of wave pattern in play. Now, let's move on to the next chart. — ✔️BTCUSDT.P / BINANCE / 8H This chart includes the evidence discussed earlier, specifically the second and third points mentioned. (Reference: 2️⃣3️⃣) Additionally, this chart illustrates the internal Fibonacci ratios of the extended impulse wave. The characteristics of the internal Fibonacci ratios for an extended 5th wave in an impulse wave are as follows: (Satisfied: ✔️ / Not Satisfied: ✖️) ✔️ The 3rd wave rises between 100% and 261.8% of the length of the 1st wave. ✔️ The 5th wave rises 161.8% of the (0-3) length, measured from the end of the 4th wave. (It should be shorter than 261.8%.) ✔️ The 5th wave is longer than the shorter of 100% of the (0-3) length and 161.8% of the 3rd wave. Since this wave satisfies all the above conditions, it is highly likely to be a Double Extended Impulse Wave with an extended 5th wave. — ✔️BTCUSDT.P / BINANCE / 8H This chart represents the external Fibonacci ratios of the extended impulse wave. (For an impulse wave with an extended 5th wave, the external ratios are considered more reliable than the internal ratios.) The characteristics of the external Fibonacci ratios for an extended 5th wave in an impulse wave are as follows: (Satisfied: ✔️ / Not Satisfied: ✖️) ✔️ The length of the 5th wave, measured from the end of the 3rd wave, forms at 100%, 161.8%, or 261.8% of the (0-3) length. Since this wave satisfies all the conditions, it is highly likely to be a "Double Extended Impulse Wave" with an extended 5th wave. (The author also considers the external ratios to be highly reliable.) — ✔️BTCUSDT.P / BINANCE / 8H This chart includes the fourth piece of evidence mentioned earlier (Reference: 4️⃣). One of the most essential concepts in "Elliott Wave Theory" is "The Rule of Alternation." This principle is foundational to understanding market movements and is critical to the rules governing wave progression. Without it, Elliott Wave Theory would lose much of its practical value. "The Rule of Alternation" is most clearly demonstrated in the period of corrective waves. In the chart provided above, you’ll notice a comparison between the length of the 2nd wave and the 4th wave. Typically, before an extended wave appears, the market tends to undergo a longer or deeper correction. In this case, the 4th wave is noticeably longer than the 2nd wave, which satisfies this condition. This observation significantly increases the reliability of the wave pattern. — ✔️BTCUSDT.P / BINANCE / 1D Now, let's discuss the potential future direction. If the low point of the 5th wave within the extended impulse wave breaks, it is likely that this impulse wave marks the final wave of a larger wave pattern. In simpler terms, the 5-wave extended impulse wave we've discussed so far may represent the last wave of the current upward trend. To put it even more clearly, if the price falls below the $50,922.5 level, there is a high probability that the market has transitioned into a downtrend. Please refer to the following chart for further details. — ✔️BTCUSDT.P / BINANCE / 1D Based on the assumption that the market has transitioned into a downtrend, I’ve constructed the following scenario. It appears that a Corrective Wave (Flat) has already occurred, and the market is currently experiencing a correction in response to this wave (indicated by the red dotted line). According to this scenario, even if the price experiences an upward movement, it is likely to be a technical rebound within the broader context of a continuing downtrend. — Conclusion Today, we applied the Elliott Wave Theory to the actual Bitcoin chart to analyze the market. I made every effort to maintain an objective perspective. I am aware that many traders and investors are anticipating a continued upward trend. However, my intent in presenting a bearish scenario was not to gain attention, but rather to analyze the market as objectively as possible. It’s important to approach the market rationally, rather than simply calling for a rise without substantial evidence. I encourage you all to remain wise traders and investors who do not succumb to 'FOMO' (Fear of Missing Out) and always maintain an objective view of the market. Thank you for taking the time to read this post. If you found this analysis helpful, I would greatly appreciate it if you could give it a "boost." Should there be significant interest in this post, I'll consider creating follow-up analyses.
Education
by Killer_Whales
2
ALKEM - Volatility Contraction Pattern (VCP)Name - ALKEM Pattern - VCP Status - Breakout and near target Cmp - 61700 Target - 6437 SL - 5496 Fundamentals: Here are some key financial ratios for Alkem Laboratories Limited: Price-to-Earnings (PE) Ratio: 33.41 Price-to-Sales (P/S) Ratio: 5.41 Debt-to-Equity Ratio: 0.092 Return on Equity (ROE): 15.2%2 Net Profit Margin: 10.8%2 Enterprise Value to EBITDA: 19.52 These ratios indicate Alkem’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage. Pattern Information: The Volatility Contraction Pattern (VCP) is a technical analysis pattern popularized by trader Mark Minervini. It is used to identify potential breakout stocks. Here’s a breakdown of the VCP: Structure Contractions: The pattern is characterized by a series of price contractions, where each pullback is smaller than the previous one. This indicates decreasing volatility and tightening price action. Volume: Volume typically decreases during the contractions, showing reduced selling pressure. Breakout: The pattern is completed when the price breaks out above the resistance level formed by the highest point of the pattern, ideally on increased volume. Interpretation Bullish Signal: The VCP is considered a bullish pattern, suggesting that the stock is likely to move higher after the breakout. Entry Point: Traders often enter a position when the price breaks above the resistance level with increased volume. Stop-Loss: A stop-loss order is usually placed below the lowest point of the last contraction to manage risk.
NSE:ALKEMLong
by VCharts_TA
TATACONSUM - Cup and Handle Formation Name - TATACONSUMER Pattern - Cup and Handle Status - Need to close above 1247 Cmp - 1200 Target - Need to close abv 1247 SL - Fundamentals: Good Here are some key financial ratios for Tata Consumer Products Limited: Price-to-Earnings (PE) Ratio: 73.411 Debt-to-Equity Ratio: 0.092 Return on Equity (ROE): 6.5%2 Net Profit Margin: 7.35%3 Revenue Growth (1 Year): 10.53%4 Enterprise Value to EBITDA: 49.253 Price-to-Sales Ratio: 7.353 Pattern The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis. Here’s a breakdown of its key features: Structure Cup: The pattern starts with a rounded bottom, resembling a “U” shape. This indicates a period of consolidation where the price gradually declines and then rises back to the original level. Handle: After the cup is formed, a smaller consolidation or slight downward drift occurs, forming the handle. This part typically has lower trading volume. Interpretation Bullish Signal: The pattern is considered bullish, suggesting that the price is likely to continue rising after the handle is formed and a breakout occurs above the resistance level at the top of the cup12. Volume: Ideally, volume should decrease during the formation of the cup and handle, then increase during the breakout1. Trading Strategy Entry Point: Traders often enter a position when the price breaks above the resistance level formed by the top of the cup. Stop-Loss: A stop-loss order is typically placed below the lowest point of the handle or the cup to manage risk2.
NSE:TATACONSUMLong
by VCharts_TA
CIPLA -Rising wedge BreakoutCIPLA-Rising -Rising wedge Breakout Name - CIPLA Pattern - Rising wedge Status - BreakOut with good volume Cmp - 1654 Target - 1850 SL - 1600 Pattern A rising wedge pattern is a technical analysis tool that often signals a potential bearish reversal. It forms when the price of an asset is moving upward, but the trendlines converge, indicating a loss of momentum. When the price breaks below the lower trendline, it typically suggests a downward move. Fundamentals : Here are some key financial ratios for Cipla Limited: Price-to-Earnings (PE) Ratio: 28.71 Debt-to-Equity Ratio: 0.021 Return on Equity (ROE): 16.8%1 Net Profit Margin: 16.5%2 Revenue Growth (TTM): 10.3%2 Enterprise Value to EBITDA: 19.813 Price-to-Sales Ratio: 4.943 These ratios indicate Cipla’s strong financial health, low leverage, and efficient profitability. The company is well-positioned in the pharmaceutical industry with a solid market presence.
NSE:CIPLALong
by VCharts_TA
3
Nifty Intraday Analysis for 30th August 2024NSE:NIFTY Index closed near 25150 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25200 Strike – 30.59 Lakh 25600 Strike – 22.62 Lakh 25700 Strike – 22.59 Lakh Put Writing 25000 Strike – 41.20 Lakh 25100 Strike – 25.81 Lakh 24800 Strike – 21.91 Lakh Index has resistance near 25200 – 25250 range and if index crosses and sustain above 25250 level then may reach near 25500 - 25600 range. Index has immediate support near 25000 – 24950 range and if 24950 support is broken then index may tank near 24800 – 24750 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 30th August 2024NSE:BANKNIFTY Index closed near 51155 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 51500 Strike – 22.36 Lakh 52000 Strike – 19.36 Lakh 51200 Strike – 14.27 Lakh Put Writing 51000 Strike – 20.32 Lakh 51200 Strike – 10.30 Lakh 50500 Strike – 8.76 Lakh Index has resistance near 51400 – 51500 range and if index crosses and sustain above 51500 level then may reach near 51900 – 51950 range. Index has immediate support near 50900 – 50850 range and if this support is broken then index may tank near 50500 - 49400 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 30th August 2024NSE:CNXFINANCE Index closed near 23580 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 6.61 Lakh 23600 Strike – 5.73 Lakh 23800 Strike – 5.69 Lakh Put Writing 23500 Strike – 6.73 Lakh 23100 Strike – 5.51 Lakh 23600 Strike – 4.90 Lakh Index has resistance near 23650 - 23700 range and if index crosses and sustain above 23700 level then may reach near 23800 - 23850 range. Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23350 – 23300 range.
NSE:CNXFINANCELong
by RKMAURYA