Weeklymarketsanalysis
Late night Technical analysis talk LNA on the demand of you guys only :) was a little busy today so less stocks
How to get 25% and more in INDIGO with Simple price action INDIGO - Swing trade key points
Weekly resistance at 1800 to 1900 levels
Weekly support zones at 700 to 800 levels
Week timeframe pattern is broadening pattern so we night break this hurdle on weekly basis with a power green candle and then a good upside is
possible for 25% to the levels of 2200
Day time frame suggests an ascending pattern with good dip buying at supportive trendline as shown in the video
Day time frame also makes higher lows for that purpose
We will attack this higher leg and will try to extract the maximum out of the stock
Risk to reward is favorable from this point and quite logical as per price action
Risk is 4% ( 1650 would trigger an exit )
Rewards can be 8% that is a 1:2 RR ratio ( 1850 levels ) - As target number 1
Reward numbers 2 and 3 can be our fib extension levels on a weekly basis and trendline that would be booking profits around
2200 to 2300 levels
Have a nice trading day
Respect the STOPLOSS and accept what the market gives you
Don't hesitate to book your losers and let the winners run until you get a better Risk to reward bet
Thank you and your generous comment will only make this post beautiful :)
BANKNIFTY WEEKLY ANALYSIS (23/7/21)Key takeaways:
-Bank Nifty formed a doji type candle in weekly chart and closed near the upper range of the candle with closing of price above 35000 on spot chart
-The price has converged like nifty between lower trendline and upper trendline
-35500-35800 is the nearest resistance for BNF
-BNF also touched down and took support from lower trendline of nifty
NIFTY WEEKLY ANALYSIS (23/7/21)Key takeaways:
Nifty opened this week with weak global cues relating to covid and fell first two days, then there was global recovery, so our markets recovered as well (Range- 15600-15950)
Nifty took support from the long term lower trendline
Still Nifty is in the trading range of 15600-15900, below with 15300 is very strong support
Resistance and lower trendline has almost converged, can break either side, (good / bad quarterly results will help decide direction
Broder market action was observed within the week.
weekly closing is little tricky, btc at make and break zone,#BTC (weekly update)
Technical analysis:
Hello everyone, welcome to this quick update:-
For the First time Since April 2020, After 8th consecutive Weekly Candle Closed above the 50 WMA now Bitcoin weekly closed Below the WMA50 & Lowest Weekly Close of the Year As well.
So far Bears Looking Weak & Bitcoin is Still Moving Above the 30k Horizontal Support Area as well as trendline support.
RSI at also testing the support line, So If Bitcoin Remains Above the 30k Support, Expecting Bounce Back (Bulls Need Power)
If Bitcoin Bulls lost the 30k Support too, Next Stop could be 24k (Weekly MA) and then 20k.
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Cup and Handle Pattern in PCJEWELLERPCJEWELLER is forming a cup and handle patter on the weekly chart along the downward sloping trend line. RSI is also above 50 indicating bulls are in control. We will be watching for the signs of breakout from this line. A successful breakout would have a price target of 45 based on previous support/resistance.
Reliance bought Justdial Follow me on trading view: in.tradingview.com
We have good news lets see how to trade it on charts with proper risk management rules and setups :)
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
NIFTY WEEKLY ANALYSIS (17/7/21)Trendline still not broken (price near trendline and in consolidation mode around 15600 to 15900
This week the nifty closed at ATH and managed to close at upper levels.
Making small momentum candles (can break either side, p.s. Major trend is up)
Strong support at 15300 levels
A decisive close above 16000 with a catalyst is needed to enter new territory.
This weak midcap/ Smallcap and many other stocks blasted (realty/ pharma / broking) stocks did well.
LT approaching a crucial resistanceStock of L&T is forming an Inverted Head & shoulders in weekly Time frame with the zone of 1580-1600 as the neck line.
One can go long ONLY if there is a weekly closing above 1600 for minimum target of 1900 with SL as 1450 DCB.
On daily TF too, the stock is making an IVHS at the same level which can be a congruence to the analysis.
This is just for educational purposes. Hope you find this analysis interesting!
Bitcoin still holding Support trendline in weekly time frame!!#BTC (Update)
Technical analysis:
Hello everyone, welcome to this quick update:-
In Weekly Chart, Nothing Has Changed, Another Weekly Candle Closed Above the WMA50 (31880)..!!
8th Consecutive Weekly Candle Closed Above the WMA50 ✅
So far Bulls Defending the WMA50 (31880) But If Weekly Candle Closed Below the WMA50, Next Stop would be 24k..
If Bitcoin Remains Above it, Bitcoin Might Bounce Back towards 60k (Previous HIGH)
if Bitcoin Break down it, Bitcoin Might fall Back towards 20k ( Pervious low)
I believe things will change soon.
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💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed
In Weekly Bitcoin Chart, Nothing Has Changed,#BTC (Update)
Technical analysis:
Hello everyone, welcome to this quick update:-
In Weekly Chart, Nothing Has Changed, Another Weekly Candle Closed Above the WMA50 (31427)..!!
7th Consecutive Weekly Candle Closed Above the WMA50 ✅
So far Bulls Defending the WMA50 (31427) But If Weekly Candle Closed Below the WMA50, Next Stop would be 24k..
If Bitcoin Remains Above it, Bitcoin Might Bounce Back towards 60k (Previous HIGH)
❤️ If you find this helpful and want more FREE forecasts in Tradingview.
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, ❤️
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed
How to get 12% using Swing trading in HONAUT - Common sense👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥
🔥 Common sense used :
📌 Weekly time frame: Make 2 fib from 2 different from one will give you 30% retracement of price and one will give 50% - a sign of extreme bullishness
📌 The supply zone is broken and now converted into a demand zone on those bullish levels as described in the video
📌 Beautiful wedge pattern breakout did and kind of retested too made a bullish closing last Friday too
📌 on 30min TF a good breakout of the consolidation can be trade activation for 10 to 12% from those levels
📌 SL of 3% will be good enough as the buying pressure is making wicks from the downward side
📌 Trade as per your setup now and risk should be well defined and cared too, Good luck :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Don't miss this 10% in BHARTIARTL👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥
📌 Strategy--
✣Weekly TF making a channel pattern
✣50dema on the weekly chart is amazingly plotted and the chart is sitting there like waiting for a move
✣Day chart, make a fib from bottom to top, you will see the chart takes perfect support from 0.5 and now consolidating there
✣Triangle pattern in making, a possible breakout can be seen :)
✣Let it break and make an SL of 6% reward of 10% to 15% as per your capital and appetite
⚠ IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Bitcoin still in bulltrend in weekly time frame.#BTC (Update)
Technical analysis:
Hello everyone, welcome to this quick update:-
6th Consecutive Weekly Candle Closed Above the WMA50 ✅
So far Bulls Defending the WMA50 (30932) But If Weekly Candle Closed Below the WMA50, Next Stop would be 24k..
If Bitcoin Remains Above it, Bitcoin Might Bounce Back towards 60k (Previous HIGH)
❤️ If you find this helpful and want more FREE forecasts in Tradingview.
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, ❤️
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed
Nifty 50 Uptrend for Next WeekForming an Ascending triangle pattern on hourly chart.
Resistance has been tested multiple times.
If it breaks supply zone marked on chart the there is possibility of uptrend in next week.
1st target will be 16122
2nd target 16240.
If it breaks the trend line then it will take support @ 15556. & their are chances of uptrend.
This is my personal Opinion about NIFTY 50 .
Take it as educational purpose. I am not SEBI registered or any Stock market expert.
I am not responsible for PROFIT or LOSS.