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Wave Analysis

ONGC wave analysisONGC in corrective wave ABC.. of which wave C(5) in progress.. ONGC has cluster of fibonacci ratio support near 281. and below that next support is 270 Till now low made 282.50 Upside immediate resistance is 302-305 Currently trading sideways.. Buying opportunity : conservative view : Breaking of 0-2 trendline Aggressive view : when ONGC makes low near support and MACD gives +ve Diversion. Being its last C(5) wave so shorters should stay cautious now. Disclaimer : I am not SEBI registered. Its just the elliott wave analysis posted on chart.
NSE:ONGC
by MDstockmagic
1
Natural Gas : 27% to 159% Upside Potential#Naturalgas : 04 Oct 2024 "Life is Simple, we make it complicated, So is Trading. Discover Simple, Yet POWERFUL IDEAS." In Play : HH : HL Summary • CMP : 249.20 • Clean Price Action with Vol favor's BULLS FOOT PRINT o Strong Price Action • Trading right ABOVE VP mountains - ATH : 801 Conclusion • CMP 249.20 • Looks good for going NORTH • Higher Levels could be around o ST Higher Levels : 260/278/301 o MT/LT Levels : 318/386/493/648 Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
MCX:NATURALGAS1!Long
by DhirajSinghBais
2
#nifty directions and levels for October 4th."Good morning, friends! 🌞 Here are the market directions and levels for October 4th. Market Overview: The global market is still maintaining a moderately bullish sentiment, while our local market indicates a bearish trend. A gap-down opening is expected today, with SGX Nifty showing a negative move of around -90 points at 8 AM. In the previous session, both Nifty and Bank Nifty continued their corrections. So, what about today? GIFT Nifty is indicating a negative start, suggesting further continuation of the downtrend. However, if you look at the chart, there's an RSI divergence, which could signal a minor reversal. This means we can't hold positions without caution today. Let’s take a look at the charts. Current View: The current view suggests that if the market finds support around the immediate support level, we can expect a bounce back of around 23% to 38% in the minor swing. This is our first scenario. For additional confirmation, you can refer to the 20 EMA Alternate View: The alternate view suggests a breakout trade. If the market breaks or consolidates around the support level, we can take a breakout entry and set the target at the next support level. Since I'm uncertain about the trend continuation, I’ve set the target conservatively at the next support level.
NSE:NIFTY
by Manickamtraders
1
#banknifty directions and levels for October 4th.Current View: The current view suggests that if the market finds support around the immediate support level, we can expect a bounce back of around 23% to 38% in the minor swing. This is our first scenario. For additional confirmation, you can refer to the 20 EMA Alternate View: The alternate view suggests a breakout trade. If the market breaks or consolidates around the support level, we can take a breakout entry and set the target at the next support level. Since I'm uncertain about the trend continuation, I’ve set the target conservatively at the next support level.
NSE:BANKNIFTY
by Manickamtraders
2
BTCUSDT: Short term buying and selling strategy.Based on the BTCUSDT chart you provided, here’s a concise trading strategy: Resistance Area: The price range between $64,000 and $68,000 is acting as strong resistance. The price has previously been rejected at this level, signaling a potential sell opportunity. Sell Plan: If the price moves up and tests this resistance zone again ($64,000 - $68,000), consider entering a sell position upon seeing a bearish reversal signal. Set a stop-loss just above $68,000. Take-Profit Target: Aim for a take-profit target around the $53,800 - $54,000 area, which is a significant support zone. Risk/Reward: This strategy offers a reasonable risk-to-reward ratio, particularly as the price continues to move within a downtrend channel. If the price breaks below the $53,800 support level, there could be further downside potential.
by Suyouu
Bitcoin Testing Key Support at 64,000 USDTBitcoin is trading at 64,454 USDT, facing resistance at 65,461 USDT and showing potential for a bearish move. If it breaks below 64,000 USDT, it could drop to the support zone between 63,198 USDT and 63,500 USDT. Key Scenarios: Bearish: A break below 64,000 USDT could target 63,200 USDT. Bullish: A rebound from support may lead to a retest of 65,461 USDT, aiming for 66,000 USDT. Traders should watch the support zone for potential buy or sell signals.
by Suyouu
7
HAL ( symmetrical triangle) BREAK DOWN Honestly My Opinion I Don't Like buy options Scripts For HAL as we know premium are way to expensive But the Chart Pattern is so perfect I cant Avoid the trade TEXT BOOK chart pattern symmetrical triangle ... A symmetrical triangle is a chart pattern used in technical analysis that indicates a period of consolidation before the price breaks out in either direction. Here’s a quick overview: Characteristics: Converging Trend Lines: The pattern is formed by two trend lines that converge towards each other. One trend line connects a series of lower highs, while the other connects a series of higher lows. Neutral Pattern: It doesn’t indicate a specific direction. The breakout can occur either upwards or downwards, depending on the prevailing trend and market conditions. How to Identify: Trend Lines: Look for two trend lines that converge, forming a triangle shape. Volume: Typically, volume decreases as the pattern forms and then increases sharply on the breakout. Breakout Point: The breakout usually occurs before the trend lines converge completely. Trading the Pattern: Entry Point: Enter the trade when the price breaks out of the triangle with increased volume. Price Target: The target price is often estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point. Stop-Loss: Place a stop-loss order just below the breakout point to manage risk.
NSE:HALShort
by Faizgazi
SILVER UPSIDE POSSIBLE An uptrend in the context of financial markets refers to a situation where the price of an asset consistently moves higher over time. This is characterized by higher highs and higher lows in the price movement12. Key Characteristics of an Uptrend: Higher Highs and Higher Lows: Each peak and trough is higher than the previous ones. Bullish Sentiment: Indicates positive investor sentiment and confidence in the asset. Trendlines: Often identified using trendlines drawn along the rising lows. Moving Averages: Prices above moving averages typically confirm an uptrend. Trading Strategies: Trend Following: Traders often buy during uptrends, aiming to profit from the rising prices. Technical Indicators: Tools like moving averages and trendlines help in identifying and confirming uptrends. Risk Management: It’s crucial to set stop-loss orders to protect against potential reversals.
TVC:SILVERLong
by Faizgazi
Crude buy holding from 5915 6330,6525 next Target Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:CRUDEOIL1!Long
by JaiPrakashShuklaHarmonicTrader
Silver buy given from 91450 hold buy trade 93000,94200 Target Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:SILVER1!Long
by JaiPrakashShuklaHarmonicTrader
Silver buy given from 31.40 upmove will continue Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAGUSDLong
by JaiPrakashShuklaHarmonicTrader
Gold mcx buy on dip until 75300 not break we will see 77200-500Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!Long
by JaiPrakashShuklaHarmonicTrader
Gold XAUUSD buy on dip until 2620 not break 2725,-2755 possible Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
CRUDE OIL (XABCD Activated)What I have seen: First price made a top at 7322 on 12th April 2024 Then formed a low of 6073 on 4th June 2024 Then the price formed a lower high of 7052 on 5th July 2024 Then the price made a new low of 6025 on 5th Aug 2024 Then the price made a lower high of 6736 on 13th Aug 2024 Then the price formed a lower low of 6020 on 21st Aug 2024 Then the price made a lower high of 6516 on 26th Aug 2024 Then again, the price took a new lower low of 5501 on 10th Sep 2024 Then the price made a lower high of 6069 on 24th Sep 2024 Then made a low of 5577 on 1st Oct 2024 (Here you see that the price does not break the previous swing low. Hence, lower lows stop here.) And then the price at CMP breaks the previous swing high of 6069 which is the first time. (It denotes that price changes its structure from a lower high to higher high.) . I also draw the path to understand the Price structure. Conclusion: View got invalid if a candle closes below 6000 Target-6300, 6400, 6500, 6600+ (Note: If crude oil prices go up, then Paint & Tyre stocks will bleed brutally.) . I am not a SEBI Registered. This analysis is purely for educational purposes only. . If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
MCX:CRUDEOIL1!Long
by Nshravan1
2