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
Trend Lines
#M_M Displaying Strong Momentum!🚗💨 Stock Analysis: #M_M Displaying Strong Momentum! 🚗💨
📈 Minor Breakout Achieved: #M_M has shown remarkable strength in the last couple of sessions, delivering a minor breakout from its current levels and bouncing back confidently. Despite the broader market facing a massive correction and maintaining a weak stance, #M_M has stood out, reflecting bullish momentum even in adverse conditions. 🔥
This resilience is a positive signal, indicating that the stock has the strength to sustain its upward trend. However, given the overall market volatility, it’s crucial to follow a strict stop loss to manage risks effectively. 🚨
Target: 3200-3300
Stop Loss: 2890
R/R Ratio: 3
💡 Keep #M_M on your radar as a standout performer in a challenging market environment! 👀
📢 Disclaimer: This analysis is for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions. 💼
#StockMarket #AutoStocks #TechnicalAnalysis #BullishStrength #SwingTrade #InvestSmart
NIFTY50 3-4% (700-900) points rally will come moreI think on Market now NO MORE SELLING TO COME in Coming days because market structure or price action shows the market will go UP.
Today 23rd November Market is on Trendline if it breaks then our Target in the coming days will be 24800
SUPPORT ZONE: 23400-23500
STOPLOSS: 23400
Targets: Greenline
T1: 24150
T2: 24450
T3: 24800+
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses
Swing / Positional Opportunity in Star HealthGo Long @ 598.5 for Targets of 640, 697, and 750 with SL 573
Reasons to go Long :
1. On weekly timeframe stock gave Trendline breakout (marked with green color).
2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level.
3. In addition to this, the stock formed a Double Bottom (W) pattern (marked with a black dotted line) around 0.382 Fibonacci level.
Positional or Long-term Opportunity in Kotak BankGo Long @ 1893.7 for Targets of 1977.4, 2061.1, and 2228.5 with SL 1810
Reasons to go Long :
1. On the weekly timeframe stock gave Trendline breakout (marked with green color) & now it's taking support from it.
2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level.
3. In addition to this, the stock formed a Bullish Engulfing pattern around 0.382 Fibonacci level.
BANKNIFTY View Bounce and Break !Hello mates sharing a view on Banknifty on Weekly time frame, So as we can see that after a good correction form all time highs now price reached to weekly support level.
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
I will try my best to update this publication for a bounce or a break too stay tuned.
Hope you like my idea, Thanks in advance.
Banknifty Intraday Analysis for 22nd November 2024NSE:BANKNIFTY
Index closed near 50375 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
51000 Strike – 23.80 Lakh
51500 Strike – 19.27 Lakh
50500 Strike – 13.29 Lakh
Put Writing
49500 Strike – 24.46 Lakh
50000 Strike – 18.32 Lakh
49000 Strike – 14.05 Lakh
Index has immediate support near 50000 - 49800 range and if this support is broken then index may tank near 49500 - 49400 range.
Index has resistance near 50900 – 51000 range and if index crosses and sustains above this level then may reach near 51400 – 51500 range.
Nifty Intraday Analysis for 22nd November 2024NSE:NIFTY
Index closed near 23350 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 63.33 Lakh
23500 Strike – 44.48 Lakh
23800 Strike – 35.67 Lakh
Put Writing
23000 Strike – 59.37 Lakh
23500 Strike – 42.24 Lakh
23300 Strike – 37.69 Lakh
Index has immediate support near 23250 – 23200 range and if this support is broken then index may tank near 23000 – 22800 range.
Index has resistance near 23550 – 23650 range and if index crosses and sustains above this level then may reach near 23800 - 23900 range.
Finnifty Intraday Analysis for 22nd November 2024NSE:CNXFINANCE
Index closed near 23275 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
23300 Strike – 3.26 Lakh
23400 Strike – 3.05 Lakh
23500 Strike – 2.73 Lakh
Put Writing
23300 Strike – 3.58 Lakh
23000 Strike – 2.45 Lakh
23100 Strike – 2.20 Lakh
Index has immediate support near 23100 – 23000 range and if this support is broken then index may tank near 22800 – 22750 range.
Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range.
Midnifty Intraday Analysis for 22nd November 2024NSE:NIFTY_MID_SELECT
Index closed near 12165 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
12300 Strike – 8.70 Lakh
12200 Strike – 8.23 Lakh
12400 Strike – 7.74 Lakh
Put Writing
12100 Strike – 8.96 Lakh
12000 Strike – 8.29 Lakh
12150 Strike – 5.61 Lakh
Index has immediate support near 12000 – 12950 range and if this support is broken then index may tank near 11800 – 11750 range.
Index has immediate resistance near 12300 - 12350 range and if index crosses and sustains above this level then may reach 12450 – 12500 range.
Fortis forming good pattern. Watch for long opportunities.
Good pattern.
✅Stock is trading inside a channel
✅Stock is in an uptrend.
✅Picking good volumes on the way up.
✅Trading above key DMAs.
✅Group movement in the pharma healthcare sector.
CMP: 683.
One can accumulate from CMP or watch for a breakout of the channel. Understand the risk involved. The market moving up today very well could be a trap, to lure the retail investors.
This view is just for educational purposes and please do your due diligence before investing.
#tradingmarket #niftytoday #healthcare
BTCUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDBTCUSD SHOWING A GOOD D
UP MOVE WITH 1:7 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
Strong REVERSAL from our demand zone!! As we can see BANKNIFTY again has showed strong REVERSAL from our demand zone though it has been tested before showing the strength hence unless BANKNIFTY breaks and sustains below the psychological level, every dip can be bought so plan your trades accordingly and keep watching.
#nifty50 - 22th November!!NSE:NIFTY
Observe first, then understand, then implement 👍🏻
Chart contains support and resistance levels ( understand how it works 👇🏻)
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.
Note SEBI Registere 🙏🏻