OK_Rane

OK_Rane

The pattern has formed at the resistance zone and the price has come below the important support of the 17600 range. As per the volume profile majority of price, action has happened on the 17300 level. It can be considered the next level of support.

OK_Rane

Over the past few months, the index is oscillating in the channel, it is a continuation pattern. It tried to breach the upper trendline but fail to do so It opened above the previous high but couldn't sustain above it and ended up forming a bearish candle. Global cues are not in favour to break this level, we may see a downward rally. Upside the green trendline is...

OK_Rane

1. Poc region is same as last week which at 17300 level 2. If it breaks below 17000, it may rally towards 16600 as far as bearish island reversal gets consider 3. Upside 17600 level acting as resistance

OK_Rane

Sgx has given close near 17500, which is ~ 170 points above Friday nifty closing. On Nifty, 17300 reason was Point of control region, where majority of price action happened during this correction phase. Now it has crossed that resistance, next resistance is at 17600-17650 level, where downward channel target will be achieved. If it holds above it, it will unfold...

OK_Rane

We are witnessing a bullish momentum in nifty, OI data has turn bullish. Technically price has given breakout in downward channel. 17200 holds important support and upside 17600 holds crucial resistance. If nifty holds above 17600, we can expect the completion of this correction. But considering current scenario, I expect nifty to trade below this level for one or...

OK_Rane

Today we observed dead cat bounce after yesterday's sell out, OI data suggest call unwinding and addition puts at 17000, it could be based on reversal rally. one shouldn't take upside position until it holds above 17000, 16900-17000 level imply crucial resistance. We are in a state of conundrum, that can be seen through doji formation at daily time...

OK_Rane

As we discussed in last week, 16800-17000 would act as good support and market pull backed from there and had gone to previous resistance level. Thereafter I observed the development of cypher formation, it suggesting one more pullback to 17200 level. I was quite sceptical yesterday because I couldn’t see the development of open interest on put side at support...

OK_Rane

Since 2010; Prices are trending between channel, which is drawn with yellow colour trend lines but since 2015 majority of time, prices took support at green trend line. In recent past it has Developed cup and handle price patten. You can see the decreased in the volume at handle part which suggest accumulation and handle part has retraced approximately 38.2%,...

OK_Rane

Currently prices are taking support over 30-32 k level, this level represents a support of wave 2 bottom, which was formed after 1st extended wave. Technically this is strong support, major demand was formed during that wave. But considering current scenario, I feel 19-21k level would be next target for BTC. Support and Resistance levels are drawn. Please check...

OK_Rane

As I had expected it has formed the head and shoulder, price taken a support from neck line, now previous supports are become resistance that is, 54k and 56 k. Downside, If neck line breaks out, that is below, 45K, you will see minor support at 43 k then major one is at 40-41k. If it doesn’t hold the price then short it for 29 k

OK_Rane

Upside : prices needs to closed above 58k. Downside: 50k,47k,41k. These levels are matching with previous support, volume profile and Fibonacci Ratio. If prices closed below 55500, it will be a short scenario.

OK_Rane

It’s a positional call, stock has retraced more than 38% since last year fall. This price level holds important support level of historical prices, volume and retracement ratio. Buy 30% between 1290 to 1320 then if prices does not hold wait for 1200-1150 it’s a ultimate support add 30 % more on pull back and when prices will go above 1400 add remaining quantities....

OK_Rane

Keep stoploss at 1.52 and T1: 2.13 and T2 : 2.38

OK_Rane

Going to reach new high 0.71-0.73

OK_Rane

What’s next? 1. 192 is support and point of control level 2. Head shoulder pattern gives a target of 160-165 which is next support after 192. 3. Wave truncation, wave 4 has reached to Wave 1 trajectory. 4. Break out of ascending diagonal channel 5. Volume dries up 6. Final qtr results on the way. **** short it below 190*****

OK_Rane

T1: 3700; T2:4400. observe BTC, its growth has been stagnant since past few weeks and Air is shifting in other direction.

OK_Rane

This is the 3rd Wave, Adaption of crypto have been started. The way China dealing with digital currency, its ideal way to deal with cryptos, it means platforms have better opportunity to bridge that gap. Now people will have to switch from BTC to ETH.

OK_Rane

Target levels: 160-163 and 180, Entry price : 150 - 152. Duration : 15-20 Days, Stoploss :144