US30 Range breakout Order type : instant Entry : 38209.34 SL : 38021.56 TP1 : 38413.82 TP2 : 38601.60 TP3 : openLongby SohailChaudharyUpdated 6
DXY Trading Plan for the week 03.06.2024Good morning traders. 🥳 Hope you all had a great weekend and ready for the week ahead. A quick glance at the charts this morning and the dollar has reset back to the POC levels it entered last week with and on the 12 hr we can see that we are now forming a descending triangle which means that if we break above 105.000 we could see a continuation to the upside targeting key level 106.507 and if we break below 104.408 then we will see a continuation to the downside targeting 102.686. I'm quite keen on seeing the dollar reach key level 104.209 to which I will be looking for Buy's on EUR/USD, Gold and Silver throughout the week. We've been in a range across the other assets as well so this week could definately be a breakout week to the upside for all dollar pairs if that's the case. Hope you have a great day and that your screens are green. Happy Trading. 📊by FXCapitalClub0
New month. New BeginningsOn both charts we can see that at the end of May, volume began to decrease and prices seems to be moving sideways and holding. Non farm payroll on Friday will be closey watched and may have the charts find direction as they will use the results to gauge the direction of interest rates. The results are expected to be good but investor worry that a strong economy may prevent the interest rates from lowering. I wil lkeep on te stance that good results will provide positive movements until I am shown other wiseby S0202Trades0
US30 BUY WITH LIMIT!!!!!!!!!Last week us30 took out the buy side liquidity and price is making a retracement back into the discount zone for another rally on buys am going in at that zone area with tp 40,099 JOIN AND ENJOYLongby CAPTAINFX25
Nifty - Weekly Expiry Ending 06th June 2024Last week was an SL. Let's see this week. I slightly modified the bullish channel to accomodate latest high and low swings. Nifty clearly broke down below channel mid. Hence, I will wait for a retracement and go short till channel bottom. Thank you! PS: Please avoid getting influenced by news, media hype, so called mega events. Market already price every known incident, means what you know is known to everyone and hence it's included in the price. So, the chart will itself tell you whether it will go in your direction or you may hit SL. No random trades, no sentimental trades. Stick to your rule. Stick to your plan. Thank you! ------------------------------------------------------- INSIGHTS: ------------------------------------------------------- As usual, I will keep sharing my insights which are based on my personal experience in trading. 1. Please stop watching foreign markets, it won't help but will corrupt your viewpoint and ultimately you will either lose an opportunity or make a loss. 2. Market will not keep taking SL again and again, it has to decide a trend after some time. But if it takes 2-3 SL, just stop and wait for another opportunity. 3. In case you have 2-3 SL hits, immediately stop looking at market, leave your computer, watch some movies or go some place with family or do any other leisure activities, but just get the market out of your head, believe me it helps a lot. 4. If there is a SL, DO NOT THINK TWICE, JUST EXIT, IT IS JUST 20-30 POINTS, you will be getting 100 - 300 points in another trade if you simply take SL this time without thinking twice. But if you show ego to market or think that let me watch for some time, you will definitely regret it. Sometimes you may be right, but that will be just pure luck and gambling. 5. Trade with long term view point, even if you are initiating an intraday, have a weekly viewpoint, so that you will have conviction to either carry forward or just exit if you are not convinced. Shortby nksproUpdated 4
S&P500 Retracement 31.05.2024U.S. Indices: Friday's Jump 31.05.2024! What's next? S&P500 H1 Chart Remarks and Technical Insights: - A reversal, crossing the 30-period MA on its way up potentially ending the downtrend. - Confirmation of the bullish divergence (RSI: higher lows, Price: lower lows). - The index is near the upper band of the 50- period Bollinger Bands indicating resistance for moving further to the upside. - Retracement to the 61.8 Fibo level (back to the 61.8% of the total movement to the upside is more probable. Target Level is near 5,265 USD Less probable alternative scenario could be the breakout of the 5,300 USD resistance pushing the index more to the upside with target level near 5,330 USD. __________________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)Shortby BDSwiss_Academy0
BEARISH MOVEMENT!Predicting price will continue down after tapping back into 4hr zone(39000)! Shortby KJfx923
Is there a need to panic for HSI?I get several questions regarding HSI , 2800 tracker fund ETF, etc and it seems some are panicking why the market is down for the last week or so. Firstly, the bearish trend has ended (hopefully) and we are up almost 33% from the low until the recent pull back of 8% which is quite normal for any stock market. Already, we know that the CCP has ushered many initiatives to prop up the stock market and the property market, though some analysts feel it is not enough. It takes time for these measures to see its effects so if you believe that this bull run is here to stay, then this drop of 8% presents a buying opportunity. If not, if you are one of the naysayers who feel that China/HK is uninvestable with its never ending bad news, please choose other markets that fits your investment horizon, risk appetite, etc. It is possible for the price action to return back to the bearish trend line though I think it is not probable as that would defeat all the hard work the government has done thus far. From relaxing its visa regulations to many countries to lowering the mortgage tax from 20% to 15%, limiting short selling and many others, we can see that the CCP means business this time. Maybe their speed is not to the liking of what we want - a bazooka of sort. My feel is the property sector will consolidate for a few years before we see a possible uptick as there are enormous surplus units that need to be settled. The property market remains sluggish and that is why I am not going in to pick up property investment stocks yet. Yes, cheap valuation can remains cheap for a long time but we had already witnessed the rise of many tech stocks rallying in the past 6 months - JD.com, Tencent, Meituan, Xiaomi, etc. They will be the forerunners followed by the consumer cyclicals later on . Rising tide will lift all boats but not at the same level, imo. I am vested so please DYODDLongby dchua1969Updated 5
BANKNIFTY BUY BANKNIFTY GO FOR LONG Trade reason : 1)Day time strong uptrend & travel with Channel pattern 2)Strong Level Bottom Support - 47000 level 3)1 Hr time frame Makes HH . Entry confirmation Entry - 48100 Target 1 -49000 Target 2 - Channel Top . New Highs Possible Stop - 47300 Thank you ... Happy trading Longby Dreamtrader00Updated 6
check the trend According to the behavior of the index within the range of the support trend line, possible scenarios have been identified. As long as the index is above the 100% level, the upward trend is likelyby STPFOREX0
check the trend It is expected that after the completion of the current uptrend at the resistance levels, the continuation of the corrective trend is likely. As long as the index fluctuates above the support level of 78.6%, the possibility of a downward trend will be low.by STPFOREX0
$NIFTY50 -- season finalestill holding the 200 ema but below the blue line for now white thick line has not been tested yet so we could gap down and go test there am leaning bullish for a gap up with the ltf rounded bottom even if it all goes tits up we are less than 4% away from the origin of this move targeting ath from here , would be a pity if all those shorts piling in got squeezed Longby CompoundingGainUpdated 0
BANK-NIFTY TRADING LEVELS FOR 03-06-2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.by tony_fx_smUpdated 13
NIFTY TRADING LEVELS FOR 03-06-2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.by tony_fx_smUpdated 2214
US30 longMonthly; We had a monthly candlestick closure that is very indecisive and we cannot tell if price is headed upwards or downwards Weekly; The previous week's candlestick closed above 38,500 which is a major liquidity region The next major region is 39,100 (which is also the daily region) There is also a head and shoulders formation which indicates that price is headed upwards Daily; From a daily perspective, I expect price to continue going upwards. However, there is a chance of seeing a retest of 38620, which is a major region of support. Price may test 38620 before going upwards so as to collect orders. Since there is no sign of retracement, I just have to sit on my hands and wait. 4 hour; 38,715 is such a massive region where orders are collected. For now I am sitting on my hands as I wait for price to fully show me what is happening.Longby kingmwenja6
DXY - Bullish - First Week of JuneI still remain bullish on DXY. We have retraced into Weekly down closed candle that should offer bullish support followed by bullish order flow. Longby imjesstwoone2
US30 H4 | Bearish drop?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 39,353, which is a pullback resistance close to 61.8% Fivo retracement. Our take profit will be at 38,617 a supoprt support level. The stop loss will be placed at 39,898, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Shortby FXCM0
Nifty Short, Medium, Long Term 03-Jun-24 to 07-Jun-24Nifty Short, Medium, Long Term 03-Jun-24 to 07-Jun-24 Nifty closed at 22530 (22932) and touched low & high of 23091 & 22420 Exit poll results are positive. current govt if win above 350/360 seats market may raise further on 03-Jun-24. market will be highly volatile. It may move past 24000 or can go even upto 20000. depends on budget, 100 days plan govt going to propose. RSI and stochastics levels was up from last week (50 % & 49% Respectively). Both RSI and Stochastic are down last week due to volatile situation. As expected and i mentioned for the past 2 Months, exit poll results announced and current govt expected to continue with good majority. As mentioned in the past 2 months, Post govt budget, current govt proposed 100 days plan will lead the market in coming days. Investment decision is mixed as market will be highly volatile due to the above factors. Hence those people cant take have high risk can sell partial stocks and book profit and re enter if dipped. As far as my opinion, if market near to 24000 can book partial profit and can wait for market to correct as there is a strong resistance in that zone. Nifty 22530- Short term (Up ) Nifty Expected to move up past the resistance 23200 provided last week ( Trend Line ). It may touch 24000. nifty still have resistance / support around 22819 (Fibonacci extended resistance target) again and crossed resistance decisively. Nifty at PE 21.5 below the Historical Average of 22.5 Short term support 22160 ( Trend Line) and 20830 Fib Support as shown in the chart. Medium term resistance 24000 medium term Support - 20877 Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Nifty also have resistance at 25000 ( Trend Line). If market close above 24000 decisively. All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 48666(49456)- As proposed from 47250 level nifty bank jumped more than 7%. Investment decision in Nifty bank, bank stocks helped in portfolio. Still can continue to invest whenever dip in bank and other nbfc stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Comments : Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 33350 and went down upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.ifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 every dip of individual stocks (2-5% of portfolio on each purchase for long term)As mentioned in the past 1.5 month, nifty reached the near term target 22819 (Fibonacci extended resistance target) again and crossed the resistance decisively and touched 23000. Nifty at PE 21.8 below the 3 year Historical Average of 22.5.. by karthikss0
NIFTY - SHORT TERM AND LONG TERM WAVE COUNT AND TRENDNIFTY - SHORT TERM AND LONG TERM WAVE COUNT AND TREND About short term trend and counts Right now Nifty index is unfolding minor wave iv as i projected in my previous post price can kiss 40HEMA or will take support at 38.2% of 50% of Fibonacci retracement level. and after general parliamentary election high probabilities of unfolding minor wave - v, kindly note here minor wave - v can be extended (guide line) About long term trend and counts After unfolding minor wave - v - corrective wave of primary cycle will start after covid 19 wave - I of Cycle is extended in 13 primary wave and speedy - it means wave 3 will be slow and lethargic. after correction of wave IV of prime cycle - wave V of Cycle will start. and we can see top of wave V in 2027. educational post RegardsLongby KardamRishiUpdated 1
View on Nifty and BankNiftyHello Traders, Checkout the quick update on Nifty and BankNifty. Be very alert 03:33by cryptoblast86-10
Nifty Bank (BANKNIFTY) Targets post election 2024The chart provided is of the Nifty Bank Index on the 4-hour timeframe from NSE, created using TradingView. Here is a detailed analysis and summary: Trend and Channel Analysis: 1. Ascending Channel: The chart shows the Nifty Bank Index moving within an ascending channel, bounded by two parallel trend lines. 2. Support and Resistance: The lower trend line acts as support, while the upper trend line acts as resistance. The price has bounced off the lower trend line multiple times, indicating strong support. Fibonacci Retracement Levels: The Fibonacci retracement levels are drawn from a recent swing low to a swing high, showing key levels of potential support and resistance. 1. 0% Level (48,333.10): The starting point of the retracement. 2. 50% Level (49,682.25): Often considered a strong support/resistance level. 3. 61.8% Level (50,000.70): Known as the golden ratio, it is a significant level where price action often finds support or resistance. 4. 100% Level (51,031.45): The end point of the retracement. Key Levels and Potential Targets: 1. Current Price: The current price is 48,967.95, slightly below the 50% Fibonacci level of 49,682.25. 2. Immediate Support: Around 48,333.10 (0% Fibonacci level). 3. Immediate Resistance: Around 49,682.25 (50% Fibonacci level). 4. Next Key Resistance: Around 50,000.70 (61.8% Fibonacci level). 5. Further Resistance: Around 51,031.45 (100% Fibonacci level). Future Projections: 1. Upside Potential: If the price breaks above the 50% Fibonacci level (49,682.25), the next target could be the 61.8% Fibonacci level (50,000.70), followed by the 100% Fibonacci level (51,031.45). 2. Downside Risk: If the price falls below the current level, it may find support at the 0% Fibonacci level (48,333.10). Other Observations: 1. Volume and Momentum: Volume and other momentum indicators (not shown in the chart) would be helpful to confirm the strength of the trend. 2. Candlestick Patterns: Analysis of recent candlestick patterns could provide additional insights into market sentiment and potential reversals. Summary: - The Nifty Bank Index is currently in an ascending channel with key support and resistance levels defined by Fibonacci retracement. - The price is slightly below the 50% retracement level, suggesting potential resistance. - Breaking above this level could lead to further gains towards 50,000.70 and 51,031.45. - Conversely, if the price falls, it may find support around 48,333.10. Monitoring the price action around these key Fibonacci levels and the channel boundaries will be crucial for identifying potential trading opportunities. Longby The90sTraderOfficial1
Banknifty Chart Analysis For TodayHello, my friends I hope you all are good so now if you will go 5 minutes chart market make bearish Flag pattern pre market open positive or global market also positive but chart said negetive let's see what will happen all the best and thank you.Shortby Soyab_Ghazzi_Trader0
Nifty Analysis 3 June 2024 On the expectations of exit polls suggesting modi wins 3rd time with 350+ seats Market will take this as positive clue. Markets will open heigher today. But on the same line some experts were suggesting that Profit booking may come down the line this week. So be cautious Its better to avoid markets for couple of days. by akash_the_BiGBuLL1