rakeshreddym

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US oil US oil remains in a bearish trend below $77.40, with the 1-hour timeframe showing a swing that created a lower low, reinforcing the downward momentum. Immediate support is identified at $74, with a weaker support level around $75. Turning points support to watch are $75.50 and $74.10, while resistances are at $76.50 and $77.40. A change of character to...

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NiftyBank For trading Bank Nifty on Monday, focus on the immediate support level at the 49650 area. If the price falls below this level, look for potential targets at 49450, 49300, and 49200. On the upside, the resistance zone lies between 49950 and 50000. A breakout above this resistance could lead to targets at 50100, 50250, 50350, and 50500. Pay close...

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Banknifty is making a each 15 minute candle like a daily candles with such big candle risk factor will increases more on trading.Trade with caution risk management, position sizing is important on these volatile days . Support 48800 Below if sustains short targets of 48600,48500,48400,48200. Resistane 49150 above if sustains long targets of 49300,49500,49650,49800,50k.

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Bitcoin Market Analysis: A Glimpse into the Week Ahead Bitcoin's Ascending Path: EMA Strategy Insights As we step into a new trading week, Bitcoin is making headlines once again, hovering at a significant resistance level. Traders and analysts are keenly observing this price action, given its historical context of selling pressure at this zone. However, this...

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Banknifty support and resistance levels to trade on wednesday, if you look at 15 chart trend is bearish only above 49350 if price sustains bullish view can be consider until then sell on rise applies . support :- 49050 reistance:-49380 upside targets 49450,49600,49700. downside target 48800,48600,48550.

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Current Scenario Resistance Levels: 2440: Gold has faced rejections around this area previously, indicating a strong resistance level. Traders should be cautious about going long near this level unless there is a decisive breakout. 2450: A major resistance level. If the price breaks and sustains above this level, it could trigger a significant...

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Recent developments in the US oil market have sparked optimism among analysts, as prices appear to be finding solid support on a macro trendline when viewed on a weekly timeframe. This suggests that after a period of volatility, oil might be gearing up for upmove.It might check the levels to upside from here with targets of 80,82,84 above.

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Bank Nifty Analysis for 21st May (Tuesday) Hello Traders! Today, let's dive into our Bank Nifty analysis for 21st May, using our trusted support and resistance strategy. We’ll take a top-down approach, starting from the daily timeframe and narrowing down to the 3-minute timeframe for precise trading actions. Daily Timeframe On the daily chart, Bank Nifty is in a...

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Observing a downward channel pattern in the 4-hour timeframe for Bitcoin, with a breakout and subsequent retest indicating a potential continuation of this pattern. Based on this analysis, anticipate immediate resistance levels around 66500 to 66800 to be tested. Additionally, if you measure the length of the channel, it's approximately 8000 points, suggesting a...

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NIfty today opened high then got immeadiate sell off from top and consolidated whole day in tight range tommorow could be a big trending expecting in my view.Nifty struck in triangle which everside breakout happens and sustains can give good moves. Resistance : 22250 above long tagets of 22300,22360,22400,22420. Support: 22160 below short targets of...

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Banknifty today closed at important resistance area from where selling came in the morning after market open it checked the 47900 area and fell,if tommorow opens flat we need to see price action here with any bearish price action consider shorting options.Immeadiate support will be 47600 if this voilates 47300 is next one(these can be targets if 47900 area...

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Current Trend: BankNifty has experienced seven consecutive days of selling pressure, but this trend appeared to ease somewhat on Friday. Key Levels: Resistance : Immediate resistance is seen at 47600. Support : Support is established around the 47300 level. Potential Scenarios: Rejection or Breakout/Breakdown: Watching for how BankNifty reacts at...

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Oil is in downward channel recent price rejected from 79.80 top of the channle expecting it test 78 and 77 if this price action follow through happens mentioned levels possible.

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Get ready for an exhilarating trading session as the Nifty dances within the range of 22350 to 22200 today! With the market poised for a potential breakout above or below this range, excitement is brewing for potential big moves in either direction. If we witness a breakout, brace yourself for thrilling opportunities and exciting gains. However, if the range...

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BankNifty support and resistance levels still it is bearish below 48600 if tuesday low breaks it might go test 48000 and 47800 levels also. Resistance : 48450 if sustains above target for 48600,48650,48700 area Support: 48200 if sustains below short target for 48100,48050,47950,47800 Mentioned Support/Resistance and Targets will act as reversal points please...

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Overall Trend: The market is trading within a range, with resistance around 49200 and support around 48800. This indicates a sideways or range-bound movement. Intraday Analysis: Today's most of the trading in second half saw the price getting stuck between 49000 (upper range) and 48800 (lower range). Tomorrow, traders should watch for potential breakouts or...

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Overall Trend : Upward channel with resistance around 49200 to 49250 area and support in the 48650 to 48700 range. Intraday Analysis: If the price sustains above 49050 for a while, it may test resistance levels at 49200 and possibly 49250. Look for shorting opportunities if there's a gap-up opening near the resistance area and if there's rejection observed. On...

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Here i'm providing support and resistance levels for banknifty watch for rejection or breakout/breakdown on them to take trades.on 1 hr to 15 mins time it is overbought not expecting to rally like yesterday ,it could be sideways to bearish in my view until proven other wise if sustains over 49600 200 points can be tested around 49800 area. Resistance...