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Is TURBOUSDT Poised for a Bullish Breakout or Bearish Move?Yello, Paradisers! Is TURBOUSDT about to break out into a small bullish move, or are we looking at a potential reversal? Let's dive into the analysis to see what the charts are telling us! 💎TURBOUSDT is currently forming an inverse head and shoulders pattern, a classic bullish signal. This pattern, coupled with the recent bullish reversal indicators, significantly increases the likelihood of an upward move. 💎 If the candle closes above resistant zone, the probability of a bullish move increases. 💎 If there's a pullback, we can anticipate a bounce from support zone, but we need to watch for a Change of Character (CHoCH) towards a bullish market structure in the lower time frames. This would confirm the bullish outlook and set the stage for targeting the upcoming resistance levels. 💎If the candle closes below the support zone, it invalidates the bullish thesis. 💎Given the current market uncertainty, I recommend using smaller positions than usual. This cautious approach will help manage risk effectively. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
CRYPTO:TURBOUSDLong
by MyCryptoParadise_Nathan
EGLDUSDT: Breakout Imminent or Breakdown Risk?Yello, Paradisers! Is EGLDUSDT gearing up for a big breakout or are we in for another setback? Let’s dive into the technicals to see what's at play. 💎EGLDUSDT has recently formed a descending triangle pattern accompanied by bullish divergence, showing promising signs with a W-shaped bounce from the support zone. But here’s the key: if EGLDUSDT can break above the resistance trendline of this descending triangle and breach the immediate resistance zone, the probability of a significant bullish move rises sharply. 💎However, we can’t ignore the possibility of a retracement. In such a case, it’s wise to watch for a bounce from the support zone. To confirm this potential move, keep an eye out for a bullish I-CHoCH (internal change of character) in lower time frames—this will increase the odds in our favor. It’s also essential to monitor BTC’s price action for added context and better strategic decisions. 💎On the flip side, should the price break down and closes candle below the support zone, it would invalidate our bullish thesis. In this scenario, patience is key—it’s best to step back and wait for clearer price action before re-entering. 🎖 Remember, disciplined analysis and strategy make all the difference. Stay sharp, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Nifty Breaks Down: Inverse Head-and-Shoulders Pattern FailsWe previously discussed the formation of an inverse head-and-shoulders pattern, which typically signals an uptrend. However, today the pattern broke down, and Nifty is once again falling. There is a trendline in place, and there is a chance that Nifty could bounce off this trendline. Currently, Nifty is moving towards the next support level at 23,335. Traders should remain cautious and monitor the market closely for any potential reversals.
NSE:NIFTY
by DragonFly-Trading
GOLD SHOWING A GOOD D UP MOVE WITH 1:7 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:5 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
FX:XAUUSDLong
by tradergyan01
1
Nifty Intraday Analysis for 13th November 2024NSE:NIFTY Index closed near 23885 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24600 Strike – 100.51 Lakh 24200 Strike – 80.60 Lakh 24300 Strike – 71.39 Lakh Put Writing 23500 Strike – 46.09 Lakh 24000 Strike – 32.54 Lakh 23800 Strike – 29.42 Lakh Index has resistance near 24050 – 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 13th November 2024NSE:BANKNIFTY Index closed near 51160 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52500 Strike – 48.96 Lakh 52000 Strike – 44.55 Lakh 51500 Strike – 26.29 Lakh Put Writing 50000 Strike – 29.19 Lakh 50500 Strike – 20.83 Lakh 51000 Strike – 18.99 Lakh Index has resistance near 51600 – 51800 range and if index crosses and sustains above this level then may reach near 52100 – 52200 range. Index has immediate support near 50700 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 13th November 2024NSE:CNXFINANCE Index closed near 23565 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 3.65 Lakh 23600 Strike – 2.29 Lakh 23700 Strike – 1.93 Lakh Put Writing 23500 Strike – 2.19 Lakh 23700 Strike – 1.90 Lakh 23600 Strike – 1.83 Lakh Index has resistance near 23750 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range. Index has immediate support near 23400 – 23350 range and if this support is broken then index may tank near 23125 – 23050 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 13th November 2024NSE:NIFTY_MID_SELECT Index closed near 12300 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 12.05 Lakh 12600 Strike – 4.84 Lakh 12400 Strike – 4.27 Lakh Put Writing 12500 Strike – 8.90 Lakh 12200 Strike – 2.64 Lakh 12300 Strike – 2.45 Lakh Index has immediate resistance near 12450 - 12500 range and if index crosses and sustains above this level then may reach 12650 – 12700 range. Index has immediate support near 12200 – 12140 range and if this support is broken then index may tank near 12000 – 11950 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
#CNX500 Testing Key Support Levels!📉 Market Update: #CNX500 Testing Key Support Levels! 📉 The #CNX500 index has recently touched its support line once again. When stocks or indices frequently test support, it typically weakens that level, increasing the likelihood of a further breakdown. In recent sessions, the index has also shown a breakdown candle below this support level, signaling potential for further downside. 🔻 With the broader Indian market in a bearish phase, it’s advisable to stay cautious when initiating new trades until we see a clear trend reversal. If the current support breaks, the index may find its next support near the 200-day moving average, around the 21,900-22,000 range. 📉 📢 Disclaimer: This analysis is for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions. 💼 #StockMarket #CNX500 #TechnicalAnalysis #SupportLevel #BearishMarket #InvestSmart
NSE:CNX500Short
by nemi-chand
Nifty.23300 on the cards??Nifty closed right at an important support. Now the likelihood of Nifty pulling back to 200 DMA( around 23550 range) and 23300 level is high. 23300 region have a trendline support as well, if we did not get any reversal from there and the trendline is broken then possibility of Nifty going to 21800 will increase. As of now, no point in attempting to find reversal. No point in assuming levels. We could very well get a reversal from current level or a pull back to 200 DMA. No telling right now. Wait and watch market. Take it day by day, bits by bits Do not assume it will hit 21800-21k 20k 18K. -Stocks trading below 200 DMA is roughly 50 % -Stocks trading below 50 DMA is close to 80% -Most of the stocks exhibiting LH-LL -Majority sectors forming LH-LL. We need a solid confirmation before attempting any reversal trades. This is just my view, please do not make a decision without consulting your financial advisor.
NSE:NIFTY
by sagartharayil
3
Nifty Intraday Analysis for 12th November 2024NSE:NIFTY Index closed near 24140 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 72.55 Lakh 24300 Strike – 47.91 Lakh 24200 Strike – 45.80 Lakh Put Writing 24000 Strike – 39.91 Lakh 24200 Strike – 34.10 Lakh 24100 Strike – 27.49 Lakh Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range. Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 12th November 2024NSE:BANKNIFTY Index closed near 51875 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 44.40 Lakh 52500 Strike – 28.51 Lakh 52000 Strike – 22.15 Lakh Put Writing 51000 Strike – 18.98 Lakh 51500 Strike – 18.28 Lakh 50500 Strike – 16.33 Lakh Index has resistance near 52350 – 52500 range and if index crosses and sustains above this level then may reach near 52900 – 53000 range. Index has immediate support near 51500 - 51400 range and if this support is broken then index may tank near 51000 - 50900 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 12th November 2024NSE:CNXFINANCE Index closed near 23960 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 25.44 Lakh 24200 Strike – 21.42 Lakh 24400 Strike – 16.30 Lakh Put Writing 23500 Strike – 22.74 Lakh 23400 Strike – 14.51 Lakh 23800 Strike – 14.97 Lakh Index has resistance near 24150 - 24250 range and if index crosses and sustains above this level then may reach near 24350 - 24400 range. Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23550 – 23500 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 12th November 2024NSE:NIFTY_MID_SELECT Index closed near 12495 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 6.81 Lakh 12600 Strike – 1.68 Lakh 12700 Strike – 1.25 Lakh Put Writing 12500 Strike – 6.66 Lakh 12300 Strike – 1.49 Lakh 12400 Strike – 1.29 Lakh Index has immediate resistance near 12600 - 12700 range and if index crosses and sustains above this level then may reach 12850 – 12900 range. Index has immediate support near 12400 – 12350 range and if this support is broken then index may tank near 12200 – 12150 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Is BELUSDT on the Verge of a Bullish Breakout?Yello, Paradisers! BELUSDT is showing bullish signals with a clear Change of Character (CHoCH) and Break of Structure (BOS). Currently, it's approaching a significant resistance trendline and has formed W pattern, both of which heighten the chances of a bullish move. 💎If BELUSDT breaks above the resistance trendline and zone, closing a candle above these levels, it would confirm the W pattern. This would significantly increase the probability of a sustained bullish movement. 💎If we see a retracement, we expect support to hold, potentially providing a bounce. However, to strengthen the bullish case, we'll be watching closely for a bullish Internal CHoCH (I-CHoCH) in this zone. 💎However, If BELUSDT breaks down and closes a candle below the support zone, our bullish outlook would be invalidated. In this case, it would be wiser to wait for a more favorable price structure to emerge before making any moves. Patience and discipline are essential here. Watch for confirmation signals at these levels, and remember that waiting for the right price action can make all the difference between success and failure in this market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan