Inverted H&S pattern is forming in Nifty. It may test neckline in coming days. If breakout happens, Nifty will fly to ATH.
Indian Indices are bullish in short term, Sensex took support at middle line of the channel, next resistance is the upper line of this channel. Buy indices here or when Sensex falls again on this middle line.
A confirm H&S Pattern with neckline broken has been formed in BNF. Risky traders can short BankNifty now for target of 33300. Defensive traders can look for closing of one day candle below 35300 before shorting.
Intraday support and resistance levels for Nifty - Support - (17385-17425) Resistance - (17610-17625) If Nifty opens lower than today's closing, go long and book profit at 17610-17625
If Nifty falls below 17610 and a candle of 1 hour closes below this level, short for target of 17430. 17430 is next big fibo level, also Nifty completes its five wave cycle there. Remember, only short if 1 hour candle closes below 17610 otherwise trade is not valid.
Horizontal support at 30k, bullish RSI and support at channel make Bitcoin ultra bullish in short to medium term. Buy here at 31K, target is 44K. I'll update for next target after 44K.
Gold has formed inverse head and shoulders pattern. Buying here is a good opportunity for target of 1810-1814.
Bitcoin is well supported on key level of 30000, RSI is also showing bullish divergence, I am strictly firm for bullish movement till 47000.
Bitcoin is set to go higher in coming days. If it takes support on the lower line of the yellow channel and moves up, it will go higher till 47300 which is the upper limit of channel and also 50% retracement of recent bearish move. Alternatively, if it goes below from here and breaks support level of 30000, it may go down. But I bet for bullish trade. I am buying...
A clear H&S pattern has been formed and neckline is already broken. Sell here, target is .73 and extended target is .50
Buy some near 36000 (Current Level) and buy some near 32000 (if goes) and book profit near 43000. Thank me later.
Sell and book profit near .24, and reverse your trade by buying there.
Buy USDINR and book profit near 74.
Buy USDINR and book profit near 74, 74 is 50% retracement of recent bearish move and also upper limit of channel.
Buying gold now is an ideal opportunity as risk to reward ratio is very good. Previous resistance is now support for gold. Target is 1935 and above. Set SL below 1900, Risk : Reward = 1 : 3