So I have been analyzing BTCUSDT in Daily time frame, as you can see BTC recovered well after crashing and touching the 40500 - 48500 area, it is yet to create double bottom if it wants to touch the 66500 area, of course there is a major resistance at this level, while making double bottom there are great chances that it hits 57144 - 58210 range and pump heavily...
It's a fresh new week ahead of us! Hello, traders. Let's start by analyzing EUR/CAD. As you can see, the target for sells from the previous week was reached. So, here's what I'm focusing on now: Ideally, I'd like to see some signs of strength, which is what I’m watching for on smaller timeframes. Buys remain valid until the break of the low. If the price goes...
Multiple highest volume quarterly suggest Some big players know something. Removing weak hands in recent correction. It seems its resuming uptrend once again. With risk of price closing below SMA 20. ( 165 ) Quick gains of 15-20% can be excepted in 2-3 weeks. SL closing below 165 hard sl 160 target 210
Last week's sell trades on AUDNZD were highly successful, with price nearing the final take-profit target. As price approaches this key buy zone, I anticipate a potential small rise before selling off from the nearest supply zone down to the demand zone. From there, I will look for structure development / flip and wait for if price gives me a reason to enter the...
Nifty Outlook: A Pivotal Week Ahead Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850. Adding to the bearish tone, Nifty has broken down from...
Recent highest volume ever before earnings. Due to weakening market strength, it corrected, it still managed to make higher lows. it can signal the start of good-up move. Quick 15-20% in 2 to 3 weeks is excepted with such patterns. With risk of closing below SMA 21. Gives an good risk reward ratio. SL closing below 835 hard sl 810 target 1050
Nifty Media is an interesting index chart with following 1. RSI above 55 on all time frames i.e. DWM 2. Index consolidating between 1600-2500 zone since 2021 3. Narrowing Bollinger Bands on weekly chart 4. Price trading near upper Bollinger Bands 5. After completion of Cypher Pattern on weekly chart Index now forming BAT pattern on weekly chart with price above...
Date 11.08.2024 Reliance - For swing trade Timeframe : Day chart Remarks : 1 For long side, wait for price/candle to close above the mid-term trendline. 2 It is also important to see fibonacci levels. When price is above 50% or 61% & also above support trendline will be called stable bullish. 3 One can also apply 50,100 & 200 ema on day chart. And use...
Date : 11-Aug-2024 LTP : Rs. 1068.10 (on 9-Aug-2024) Next Resistances: (1) Rs. 1,179 --> (2) Rs. 1,284 SL : Rs. 950 on daily close basis Technical View: • NSE:TATAMOTORS is in it's primary uptrend and currently going through it's secondary uptrend. • After breaking out from it's previous secondary uptrend on 25-Jul-2024, NSE:TATAMOTORS had touched the...
Network 18 Media & Investments Ltd. is an interesting chart with following 1. RSI on all time frames almost at or above 60 (DWM) 2. Price Gaining Momentum with rising volumes 3. After a long consolidation of price between 77-95 zone since March 2024, Price made a breakout from the range last week with volume 4. Super trend on weekly turned positive 5....
Support Levels 50000 49500 49000 Resistance Levels 51000 51500 52000
Support Levels 24000 23500 Resistance Levels 24800 25000
BTC got rejected with the hanging man candle and broke the fag channel. You can book some profit and can take short positions in the short term
IRIS Clothing is oscilating between range of 74 - 89 every few weeks. It is again nearing the lower spectrum. Purchase below 79, stop loss at 72. Sell at 86 and above.
Hindalco showed significant resistance around 500 rupees. Currently trading at 525. Can go to 575 in short term. Stop loss at 500.