OK_Rane

OK_Rane

1. Rising Wedge - Continuation Pattern, consider as bearish, often perish to breakdown, usually forms over 3-6 months. 2. No sign of Divergence, trend is bullish 3. Strong Momentum 4. Lack of Volume What could happen? Pullback towards 30K or Sideways movement

OK_Rane

What happened? 1. US Inflation Data - Offers Breathing 2. Support at 200 EMA 3. 50 Lac Put Contracts at 19000 4. Full Moon Effect Support & Resistance? Bottom of the tight channel - 19200 Support - 18600 -18850 Range & 200 EMA

OK_Rane

As per CNBC report, It is noted that BTC has Lowest Volume participation in Last 4 Years. "The U.S. regulatory crackdown on crypto combined with the end of the banking crisis in May (which accounted for much of its year-to-date gains) drove market makers and traders away – and they haven't had a reason to return" But after US 10 years bond yields report,...

OK_Rane

Price Range: 19200 to 19900, tight range, Charactics, Institutional Data: Heavy Selling in past 45 days, the amount is reflected in attached screenshot. Relative strength : Bullish Upside: 19800-19900 is crucial range Downside: Below 19200, Support range 18100, 17400. What should be done? 19200-19900 is NO ACT ZONE

OK_Rane

1. Yellow line act as support Since it is connecting with previous tops from where market got reversed 2. Exhaustion gap 3. Supply Level 4. Cup & Handle

OK_Rane

As suggested straddle was better option for Last 3 weeks Thorough Options data Calls side seems to be heavy, there is change calls side open intrest, it has shifted towards lower side. What is expected, 1. Restesting of support 2. Formation Lower Low 3. Remains sideways If you have niftybees it should hold upto 18600

OK_Rane

After the accumulation phase, there not much volume participation and distribution phase has begun. Marked Range of ( 25 to 32 K) is make or break range.

OK_Rane

Chart Patterns, 1. Ascending Triangles - Weekly time frame ( March'22 to till date) 3. Retest Previous ATH Level, highlight with yellow color 4. 3 White Soldiers - Weekly time frame, depicts high bullish sentiment. Nifty to reach 23k in next 12 months.

OK_Rane

Daily time frame; Regression Channel breakout Indicates Change in trend Weekly time farmes; Bullish Kicker candlestick signals reversal from the yellow support line, which was drawn from two prior tops (Oct'21 & Nov'22), which provided support as projected Way forward, 1. Resistance, 19600 2. Support, 19200-19250

OK_Rane

1. The exhaustion gaps marked A, B, and C will provide substantial support. 2. The index is finding support at the extended line from the previous tops on October 21 and December 22, as indicated by the yellow line. 3. The index is moving in a descending channel, which is identical to the trend we saw when it was heading upward. As we indicated in the previous...

OK_Rane

Analyze the time frame: Monthly : Candle engulfing Weekly: Black Crows Daily: Lower lows and lower highs are formation 1. Closed below 19375, implying negative sentiment. 2. Exit the regression channel 3. A decrease in relative strength. The triggering factor is, 1. 33/50 stock decrease. 2. The banking industry is the most affected. Moving...

OK_Rane

1. Triangle breakout with Volume and Relative strength is in a bullish trajectory 2. Price target estimated about 195 to 205 by next 3-4 month 3. Some pullback is expected at the current price 4. Strong fundamental and Valuation of the stock 5. Target price is overlapping with the previous trend of the stock. ***I am NOT a SEBI registered advisor or a financial...

OK_Rane

Who should use this? Larger time frames are used by swing traders and long-term investors who are interested in the overall trend and direction of the market. Advantages? Broader Perspective: They help traders and investors to see the overall trend and direction of the market over a longer period, which can be useful for identifying larger price patterns and...

OK_Rane

1. It occurs in an uptrend. 2. The pattern is characterized by 8 candlesticks with higher highs. 3. Closed off the candle should be above the previous candle stick body If this occurs, there are more chances that there will be a rise in Prices. If the Close is below the Top of the Real Body of the Previous Candle , there are more chances that there will be a fall...

OK_Rane

Nifty is heading towards the next resistance 18100-18200 range. It has given regression channel breakout with strong relative strength to the weekly time frame and it came with a strong gap-up opening. Now the price is likely to settle at over 17600. For the next 1 or 2 days small daily candles may get a form if there is any uncertainty related to price sustenance.

OK_Rane

In this pattern bulls begin to take control but cannot entirely overwhelm the bears. First, it causes a pause in the price’s downward progression, as indicated by the three short green candles. Then bulls, however, go out of fuel and are overtaken by the bears. The long red candle at the end of the pattern completes the pattern by closing below the level of the...

OK_Rane

The piercing candle, developed on the weekly time frame, depicts support. While on the Daily time frame, the candle is at downward resistance. It is likely to give a breakout. Looking at the price structure it is expected to remain range bound for this month 17400 to 18300 range.

OK_Rane

The range is drawn with the help of trendlines. It is highlighted with red and green color, red being the resistance range and green being the support. Relative strength is gaining but there is one catch, This indicator works on the relative price of the past few days whichever is set as per the preference. If you see the past few months BTC is in the...