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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.
N
by RKMAURYA
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
NSE:FORTISLong
by sagartharayil
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
CRYPTO:BTCUSDLong
by tradergyan01
#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 🙏🏻
NSE:NIFTY
by thetradeforecast
1
Nifty Intraday Analysis for 21st November 2024NSE:NIFTY Index closed near 23520 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 100.49 Lakh 23800 Strike – 67.76 Lakh 23700 Strike – 58.44 Lakh Put Writing 23000 Strike – 60.99 Lakh 23500 Strike – 47.00 Lakh 23200 Strike – 36.91 Lakh Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range. Index has resistance near 23650 – 23750 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 21st November 2024NSE:BANKNIFTY Index closed near 50625 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 52000 Strike – 20.74 Lakh 51000 Strike – 20.12 Lakh 51500 Strike – 15.64 Lakh Put Writing 49500 Strike – 19.16 Lakh 50000 Strike – 14.62 Lakh 51000 Strike – 14.12 Lakh Index has immediate support near 50000 - 49900 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.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 21st November 2024NSE:CNXFINANCE Index closed near 23260 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 23500 Strike – 1.06 Lakh 23400 Strike – 0.94 Lakh 23800 Strike – 0.93 Lakh Put Writing 23400 Strike – 0.82 Lakh 23500 Strike – 0.65 Lakh 23300 Strike – 0.50 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.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 21st November 2024NSE:NIFTY_MID_SELECT Index closed near 12170 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 12300 Strike – 6.15 Lakh 12200 Strike – 3.41 Lakh 12300 Strike – 3.27 Lakh Put Writing 12000 Strike – 3.67 Lakh 12100 Strike – 3.38 Lakh 12300 Strike – 3.29 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.
N
by RKMAURYA
Will APEUSDT's Cup and Handle Propel It to New Heights?Yello Paradisers! Are you prepared to capitalize on the next big move in APEUSDT? Let’s break down the current setup and what it could mean for traders. 💎APEUSDT has recently taken the liquidity from the Fair Value Gap (FVG) and is now forming a textbook Cup & Handle pattern on a key support zone. This development significantly increases the probability of a bullish breakout. 💎If APEUSDT breaks out and closes a candle above the resistance zone, this will validate the Cup & Handle pattern, further increasing the chances of a strong bullish move. 💎A bounce from the support zone is likely. To strengthen our conviction, we recommend watching for a bullish Internal Change of Character (I-CHoCH) on lower timeframes. This would stack probabilities in our favor. 💎If the price breaks down and closes a candle below the support zone, this will invalidate our bullish thesis. In that scenario, patience is key—wait for clearer price action to form before making your next move. 🎖Remember, Paradisers, trading is a marathon, not a sprint. Keep refining your skills, focus on robust strategies, and never let emotions take the wheel. Long-term success is built on patience and discipline. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
1
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD 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
FX:XAUUSDLong
by tradergyan01
DCAL: Symmetrical Triangle Pattern BreakoutDCAL has recently exhibited a noteworthy breakout from a symmetrical triangle pattern on the daily timeframe, accompanied by a corresponding increase in trading volume. The stock price has successfully breached the upper trendline of the symmetrical triangle, a development that is often indicative of bullish momentum. Such a breakout, supported by substantial volume, suggests a likely continuation of upward price movement. The MACD signal line has crossed above the MACD line, a bullish signal that reinforces the potential for further upward price action. This crossover indicates increasing momentum and buying strength. The RSI is currently reading above 85, suggesting that the stock is in overbought territory. While this may indicate strong buying interest, it is also a signal to monitor for potential overextension in the price movement. Based on the current technical indicators and chart patterns, a position around the price level of 194 . A stop-loss order is suggested at 180 to manage risk effectively. The target price for this trade is estimated at 223 , providing a favourable risk-reward ratio of approximately 1:2. Disclaimer: This technical analysis report is provided for informational and educational purposes only. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Individuals should conduct their own thorough research and/or consult with a financial advisor before making any investment decisions.
Editors' picks
NSE:DCALLong
by NiftyNotions
4
Banknifty Bearish Harmonic Pattern _Both side moves possibleHello everyone, yesterday there was pullback in banknifty around 800 points but pullback fail as volume not supported and the multiple resistance at 51000-51200 with bearish harmonic pattern banknifty fall again around 700 points from high. bearish trend can continue if banknifty breaks below 50200 another 1000 points fall can possible breaking above 51200 only upside posssible. and Non Directional range is 50000 to 51000.
NSE:BANKNIFTYShort
by finvestalgo
USDCNH SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDUSDCNH SHOWING A GOOD UP MOVE WITH 1:8 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
Long
by tradergyan01
Gold entering mid term selling in profit booking zone...The daily order flow analysis for gold indicates a positive delta of approximately 24K on a spinning candle, suggesting indecision in the market. This signals that the recent 3-day gold rally is losing momentum, with no significant profit booking observed yet. However, immediate aggressive buying seems to be taking a pause. As a result, intraday selling pressure appears likely in the near term. Selling gold is seen on cards.
FX_IDC:XAUUSDShort
by XAUUSDANALYST
Has DOGSUSDT Finally Set the Stage for a Bullish Breakout?Yello, Paradisers! DOGSUSDT is showing some exciting signs of a potential bullish reversal, catching the attention of seasoned traders. But is it ready to deliver a strong move, or are we still waiting for more confirmation? Let’s dive in. 💎DOGSUSDT has broken out of a key resistance trendline, displayed a bullish Change of Character (CHoCH), and formed the classic cup-and-handle pattern—a combination that significantly increases the odds of an upward move. 💎A breakout and candle close above the resistance zone will validate the pattern and signal a higher probability of a bullish rally. But don’t stop there—watch BTC’s price action closely. DOGSUSDT’s potential depends heavily on BTC aligning with its bullish momentum. If BTC confirms, DOGSUSDT could deliver a significant move. 💎In case of a pullback, we could see a potential double-bottom pattern forming. The handle’s low in the cup-and-handle pattern might act as inducement in this scenario, but for a higher probability setup, wait for a bullish internal CHoCH (I-CHoCH) to confirm the reversal. 💎On the flip side, a breakdown and candle close below the support zone will invalidate this bullish setup. In that case, it’s smarter to step back and wait for more favorable price action to develop. Trade smart, Paradisers. Always have a plan for both sides of the market, and keep mastering your willpower—this alone sets you apart from most traders. 💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan