Is ORDIUSDT on the Brink of a Major Bullish Breakout?Yello, Paradisers! ORDIUSDT is showing signs of bullish momentum, thanks to a recent W pattern formation. But is this the start of something big?
💎For this bullish setup to be confirmed, we need to see a decisive breakout above the resistive trendline and resistance zone. A successful breakout, with a candle close above these levels, could trigger a wave of short liquidations, pushing the price even higher.
💎However, if the price pulls back from current levels, a bounce off the support zone could offer a scalping opportunity—but I wouldn't recommend it. This setup has a low probability of success and doesn't align with our high-standard trading strategies.
💎On the flip side, if the price breaks down and closes below the support zone, it would invalidate our bullish thesis entirely.
🎖Stay disciplined, Paradisers. The market is full of traps, but with a strategic approach, you'll navigate it like a pro.
MyCryptoParadise
iFeel the success🌴
Trend Lines
Nifty Intraday Analysis for 23rd August 2024NSE:NIFTY
Index closed near 24810 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 54.18 Lakh
25500 Strike – 51.37 Lakh
24800 Strike – 36.16 Lakh
Put Writing
24500 Strike – 58.79 Lakh
24700 Strike – 38.63 Lakh
24800 Strike – 38.43 Lakh
Index has resistance near 24850 – 24900 range and if index crosses and sustain above 24900 level then may reach near 25000 - 25100 range.
Index has immediate support near 24750 – 24700 range and if 24700 support is broken then index may tank near 24500 – 24450 range.
Banknifty Intraday Analysis for 23rd August 2024NSE:BANKNIFTY
Index closed near 50985 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51000 Strike – 27.38 Lakh
52000 Strike – 20.73 Lakh
51500 Strike – 15.44 Lakh
Put Writing
51000 Strike – 23.69 Lakh
50000 Strike – 19.02 Lakh
50500 Strike – 17.52 Lakh
Index has resistance near 51100 – 51200 range and if index crosses and sustain above 51200 level then may reach near 51600 – 51800 range.
Index has immediate support near 50700 – 50600 range and if this support is broken then index may tank near 50000 - 49800 range.
Finnifty Intraday Analysis for 23rd August 2024NSE:CNXFINANCE
Index closed near 23245 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 5.40 Lakh
23300 Strike – 4.75 Lakh
23200 Strike – 4.02 Lakh
Put Writing
23000 Strike – 6.09 Lakh
23200 Strike – 5.40 Lakh
23250 Strike – 4.85 Lakh
Index has resistance near 23300 - 23350 range and if index crosses and sustain above 23350 level then may reach near 23500 - 23600 range.
Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22650 – 22550 range.
Midnifty Intraday Analysis for 23rd August 2024NSE:NIFTY_MID_SELECT
Index closed near 13065 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13100 Strike – 13.44 Lakh
13200 Strike – 10.03 Lakh
13300 Strike – 9.77 Lakh
Put Writing
13000 Strike – 13.16 Lakh
12800 Strike – 11.50 Lakh
12900 Strike – 10.17 Lakh
Index has immediate resistance near 13100 - 13150 range and if index crosses and sustain above 13140 level then may reach 13200 – 13300 range.
Index has immediate support near 12975 – 12950 range and if this support is broken then index may tank near 12860 – 12800 range.
TataMotorsPrice has filled the gap 1065 - 1070 and consolidating. If price break the trend line and sustain above consolidation zone, it can move towards 2000.
Buy above 1074 with the stop loss of 1066 for the targets 1082, 1090 and 1098.
Sell below 1058 with the stop loss of 1066 for the targets 1050, 1042 and 1030.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Trading setup for Tata Technology1. Lower Tops and Lower Bottoms: This pattern suggests that the stock was in a downtrend after its initial listing, with each high being lower than the previous high and each low being lower than the previous low.
2. Consolidation: Since July 2024, the stock has been consolidating at lower levels. This typically indicates a period of stabilization where the price is moving within a range, suggesting accumulation by investors. During this phase, the stock might not be making significant gains but is building a base.
3. Breakout: The stock has recently broken above the downtrend line with high volume. This breakout from a downtrend line, especially when accompanied by high volume, is often seen as a bullish signal. It suggests that buying interest is strong and the stock may be poised for an upward move.
4. Bullish Implications: The combination of consolidation at lower levels and a breakout with high volume can be interpreted as a positive signal. It indicates that the selling pressure has subsided and there could be potential for further gains if the bullish momentum continues.
Trade Setup:
Buy Entry: Consider buying the stock if it trades above ₹1040.
Stop-Loss (SL): Set your stop-loss at ₹980 to manage risk.
Target: The target is open-ended, meaning you expect the price to rise significantly, but you will need to monitor for potential exit points based on further analysis or changes in market conditions.
It’s always wise to stay updated with any fundamental changes or news that could impact the stock and adjust your strategy accordingly. Good luck with your trade!
***Disclaimer : This is my personal view, please trade after consultation with your financial advisor. I am neither a SEBI Register RA or RIA.
Regards
Arvind Kumar Yadav, Cfa
Arvind Share Academy
WELCORP Trade Analysis for Buy using Wyckoff methodVolume Analysis
We have no supply in the trading range indicating no one is selling
Demand Increased
We have demand increased in phase D indicating institutional present
Down wave Analysis
Down spread is decreasing in each of down wave indicating volatility is decreasing and selling pressure is decreasing
My View
Bullish on the stock with entry given on the chart
Nifty Intraday Analysis for 22nd August 2024NSE:NIFTY
Index closed near 24770 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 120.50 Lakh
24800 Strike – 69.59 Lakh
24900 Strike – 59.72 Lakh
Put Writing
24500 Strike – 80.33 Lakh
24700 Strike – 76.63 Lakh
24300 Strike – 68.64 Lakh
Index has resistance near 24800 – 24850 range and if index crosses and sustain above 24850 level then may reach near 24950 - 25000 range.
Index has immediate support near 24650 – 24600 range and if 24600 support is broken then index may tank near 24500 – 24450 range.
Banknifty Intraday Analysis for 22nd August 2024NSE:BANKNIFTY
Index closed near 50805 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51000 Strike – 17.33 Lakh
52000 Strike – 16.17 Lakh
51500 Strike – 10.82 Lakh
Put Writing
50500 Strike – 15.84 Lakh
50000 Strike – 11.71 Lakh
51000 Strike – 9.24 Lakh
Index has resistance near 51000 – 51100 range and if index crosses and sustain above 51100 level then may reach near 51600 – 51800 range.
Index has immediate support near 50400 – 50300 range and if this support is broken then index may tank near 50000 - 49800 range.
Finnifty Intraday Analysis for 22nd August 2024NSE:CNXFINANCE
Index closed near 23145 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23200 Strike – 3.33 Lakh
23100 Strike – 3.04 Lakh
23500 Strike – 2.84 Lakh
Put Writing
23000 Strike – 3.55 Lakh
23100 Strike – 3.52 Lakh
23200 Strike – 3.15 Lakh
Index has resistance near 23300 - 23350 range and if index crosses and sustain above 23350 level then may reach near 23500 - 23600 range.
Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22650 – 22550 range.
Midnifty Intraday Analysis for 22nd August 2024NSE:NIFTY_MID_SELECT
Index closed near 12940 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13200 Strike – 10.69 Lakh
12900 Strike – 7.10 Lakh
13000 Strike – 6.70 Lakh
Put Writing
12800 Strike – 9.26 Lakh
12900 Strike – 8.11 Lakh
12700 Strike – 5.51 Lakh
Index has immediate resistance near 13000 - 13100 range and if index crosses and sustain above 13100 level then may reach near 13200.
Index has immediate support near 12750 – 12700 range and if this support is broken then index may tank near 12500 – 12450 range.
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:20 RISK REWARDGold trying to break the rectangle zone to Down side
With huge sellers power
A short term 15m tradeing setup showing on gold
Selling setup
With a risk reward ratio of 1:20
The setup giving clarity to SELL
Selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
BTCUSD SHOWING A GOOD D
UP MOVE WITH 1:20 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
NIFTY50 IMPORTANT LEVELS FOR TOMORROW, 22TH AUGUST NSE:NIFTY ANALYSIS FOR TOMORROW 🔺
❇️ IMPORTANT LEVELS 🚀
❇️ Support: 25730-24680-24645-24600-24550.
❇️ Resistance : 24750-24800-24875-24920
❇️ Raising wedge pattern at 15-30mint time frame. (Bearish pattern)
👉🏻 PURPLE LINE : 24730 is a key level, above buying, Below selling.
👉🏻 @thetradeforecast 🇮🇳
TATAMOTORS Trade Analysis for Buy using Wyckoff method. Wyckoff Story
Prior to trading range we were in uptrend and then we have BC and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase C, confirming the accumulation Bias.
Volume Analysis
In Phase B we see increase in supply but the price is not able to go below the trading range, lot of effort to push the price down but fails, indicating effort vs result is not synced. Confirming the accumulation bias.
We have supply decrease from Phase A to Phase C indicating supply is being absorbed.
Spring
We have spring in Phase C
Jump Across the Creek (JAC)
we have JAC in phase D with good volume indicating institutions are present in buying.
Nifty Intraday Analysis for 21st August 2024NSE:NIFTY
Index closed near 24700 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 93.98 Lakh
24700 Strike – 46.09 Lakh
24900 Strike – 42.68 Lakh
Put Writing
24300 Strike – 71.05 Lakh
24500 Strike – 58.44 Lakh
24200 Strike – 49.08 Lakh
Index has resistance near 24750 – 24800 range and if index crosses and sustain above 24800 level then may reach near 24950 - 25000 range.
Index has immediate support near 24500 – 24450 range and if 24450 support is broken then index may tank near 24300 – 24250 range.