Finnifty Intraday Analysis for 12th August 2024NSE:CNXFINANCE
Index closed near 22985 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23000 Strike – 11.24 Lakh
23700 Strike – 8.45 Lakh
23500 Strike – 8.05 Lakh
Put Writing
22500 Strike – 8.47 Lakh
22600 Strike – 7.09 Lakh
23000 Strike – 5.27 Lakh
Index has resistance near 23000 - 23100 range and if index crosses and sustain above 23150 level then may reach near 23250 - 23350 range.
Index has immediate support near 22700 – 22600 range and if this support is broken then index may tank near 22500 – 22400 range.
Trend Lines
Midnifty Intraday Analysis for 12th August 2024NSE:NIFTY_MID_SELECT
Index closed near 12600 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 34.40 Lakh
12700 Strike – 18.94 Lakh
12800 Strike – 15.83 Lakh
Put Writing
12500 Strike – 15.71 Lakh
12400 Strike – 13.32 Lakh
12600 Strike – 12.35 Lakh
Index has immediate resistance near 12725 - 12825 range and if index crosses and sustain above 12825 level then may reach near 13000.
Index has immediate support near 12500 – 12400 range and if this support is broken then index may tank near 12200 – 12000 range.
Bankex - Aug 12The patterns I am seeing in the chart are descending triangle, trend line support and support zone. Still price is moving in range for the past few days.
Range : Medium.
Trend strength : Normal.
Buy Above : 57540.
Stop Loss : 57460.
Targets : 57620, 57700, 57800, 57880 and 57960.
Sell below : 57360.
Stop Loss : 57440.
Targets : 57260 ,57180, 57100, 57000 and 56920.
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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.
GOLD SHOWING A GOOD UP MOVE WITH 1:10RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:10RISK 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
BBTC - Swing Trade Analysis - 12th August #stocksBBTC - BOMBAY BURMAH TRADING (1D TF) - Swing Trade Analysis given on 12th August, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Pullback Candle from Weekly Support Zone - Done ✓
- Volume Buildup at Resistance Trendline - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
VENKEYS LONG IDEAVenkeys is looking good on chart.It is yet to break long term trendline resistance.
Once breaks trendline it can start marching towards channel upper line.
Need to plan trade asd per risk management using given Stop loss levels.
Note: No idea about fundamentals of comapny. It's completely Technical take.
BTCUSD SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARDBTCUSD 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
TAKE CARE
US OIL APPROACHING FOR TRIPLE TOP US OIL APPROACHING FOR TRIPLE TOP
Features and Highlights :
US Oil is closed at 77.00 which is near to the earlier top, which is a strong resistance.
The price was retracted on 2 occasions at 77.05 and now approaching for Triple Top formation.
If the Top is breaches, further rally is expected in short term.
The trend line also formed a ascending triangle pattern. If not the Top is breached, the price will be oscillating in this triangle and take break on upward or downward direction of the trend.
Interesting to see the developments in the coming days.
Nifty Intraday Analysis for 9th August 2024NSE:NIFTY
Index closed near 24115 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 49.27 Lakh
24500 Strike – 34.40 Lakh
24300 Strike – 29.68 Lakh
Put Writing
24000 Strike – 25.24 Lakh
24200 Strike – 20.85 Lakh
23500 Strike – 19.51 Lakh
Index has resistance near 24400 – 24500 range and if index crosses and sustain above 24500 level then may reach near 24650 - 24700 range.
Index has immediate support near 24150 – 24000 range and if 24000 support is broken then index may tank near 23700 – 23600 range.
Banknifty Intraday Analysis for 9th August 2024NSE:BANKNIFTY
Index closed near 50155 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51000 Strike – 16.35 Lakh
50500 Strike – 14.46 Lakh
51500 Strike – 12.44 Lakh
Put Writing
50000 Strike – 14.58 Lakh
49000 Strike – 9.03 Lakh
49500 Strike – 6.86 Lakh
Index has resistance near 50500 – 50700 range and if index crosses and sustain above 50700 level then may reach near 51000 – 51100 range.
Index has immediate support near 49700 – 49600 range and if this support is broken then index may tank near 49200 – 49000 range and if 49000 support is broken then index may tank to 48500 – 48400 range.
Finnifty Intraday Analysis for 9th August 2024NSE:CNXFINANCE
Index closed near 22840 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23000 Strike – 6.69 Lakh
23200 Strike – 4.30 Lakh
22800 Strike – 3.90 Lakh
Put Writing
22800 Strike – 3.74 Lakh
22500 Strike – 2.78 Lakh
22700 Strike – 2.75 Lakh
Index has resistance near 23000 - 23100 range and if index crosses and sustain above 23100 level then may reach near 23250 - 23350 range. Upside moment is less likely to happen.
Index has immediate support near 22600 – 22500 range and if this support is broken then index may tank near 22100 – 22000 range.
Midnifty Intraday Analysis for 9th August 2024NSE:NIFTY_MID_SELECT
Index closed near 12525 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 20.56 Lakh
12500 Strike – 11.99 Lakh
12600 Strike – 9.61 Lakh
Put Writing
12200 Strike – 15.37 Lakh
12500 Strike – 13.31 Lakh
12400 Strike – 9.57 Lakh
Index has immediate resistance near 12600 - 12625 range and if index crosses and sustain above 12625 level then may reach near 12775 level and if sustain above that then reach near 13000.
Index has immediate support near 12400 – 12350 range and if this support is broken then index may tank near 12200 – 12000 range.
WLDUSD: Will It Break Out or Continue Its Downtrend? Yello, Paradisers! 🌟 Have you noticed the potential breakout that's brewing in WLDUSDT? Don't miss this critical update! 🚨
💎WLDUSDT has recently formed a W pattern after breaking down the support zone, indicating that the price has absorbed buyers' liquidity.
💎For a high-probability bullish setup, we need to see a breakout above the resistive trendline & resistance zone together. This breakout will not only validate the W pattern but also trigger the stop-loss orders of retail sellers who have recently entered short positions.
💎If the price breaks down below the small support level, this will be considered a bearish trend continuation and will invalidate our entire bullish thesis.
Stay vigilant, Paradisers, and be ready to act based on these critical levels. Remember, disciplined trading and patience are key to long-term success.
MyCryptoParadise
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