BankNifty tried to go upside and respected that resistance level which we identified yesterday as per the price movement. It reversed, and keep trading near bottom level. BankNifty took pause today in daily time frame and can continue tomorrow and become trending. We can sell when 5 min candle close below 51150 price. Note : Its just an analysis, wait for...
May 20th 2024 Fundamental: Were seeing a up tick in Non-comm Long and Short positions being held. Shorts are increasing at a faster pace. The Net positions is positive and holding steady. Commercial (Hedgers) short positions is increasing significantly quicker then Longs, Net position is negative and decreasing/holding. Technical: I'm expecting to see...
IRCTC is set to double once it clears key resistance levels! --- Weekly TF View: Here's the plan: - Critical Level: Watch for a daily candle close above ₹1000. This signals the first entry point around ₹1027. - All-Time High Alert: If the weekly candle closes above ₹1300, prepare for a potential Marubozu candle, indicating strong bullish...
A stronger US dollar and fewer worries about inflation caused gold to retreat after hitting a record of 2431. Market volatility is caused by geopolitical tensions between Iran and Israel, which initially increases demand for safe havens. Fed officials' remarks that strengthen the US dollar work against the price of gold. Fed rate cut bets and bullish USD seem to...
Expecting good Momentum . Consolidation done . Coming out of the Range. Good for Short term. Target 170, 220. Do Like ,Comment , Follow for regular Updates... Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Glossary: VA – Value Area Liq.P – Liquidity Point PiPo – Pivot Point BO – Break-Out H1 – Hourly Time-frame M15 – 15min Time-frame LTF – Lower Time-frame HTF – Higher Time-frame Magenta horizontal Ray – Area of Interest Magenta rectangle – Gap / Area of Significance *********** 2024 – 03 – 04 NZDUSD short DXY positioning indicating continuation short, and...
can go long near marked suport say 845s and keep stat 790S , GROWING demand for the products in the sector and improving results
What interested me in this is this company has mutliple brands under them ( UNO brand, Barbie & Hot Wheels ) . Yellow box is previous resistance and support zones) Looking for it to consolidate around these levels tomorrow and continue to push higher. Also this company rarely misses earnings coming up July 26th. 👀
Momentum has been missing YTD is the key for NIO to moves.
Today, we are focusing on the CADJPY chart as we observe the final stages of the wavestructure. The recent pullback from the previous momentum high (3) has formed a significant pattern known as the structural failure, indicating a potential shift in the trend. Considering our trading rules, we have patiently awaited the completion of the wavestructure (5). Now,...
A potential H&S Top pattern in Kotak Bank with neckline at 1630. Pattern target is at 1190. Elliot Wave wise, Wave B (a triangle) seems near completion and Wave C which will be a five-wave decline is possibly next. Minimum expectation of Wave C is to be equal to Wave A which is at around 1490. A negative divergence with momentum is seen on daily and weekly...
Here we expect the upward trajectory in KEI to stay in this parallel channel. We predict the price would stay in this channel for maybe 6 months. In case if it breaks it we also have our risk defined. Betting on wires and cables industry. I can say KEI is the must have. FOR EDUCATIONAL PURPOSES ONLY CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING.
Bearish Multi-rejections at top Multi retest neck-line rejection Momentum bearish divergence Bear flag Pin bar Cheers and happy trading!
Bullish - IHS formation - Broke downward trend line & retest - Funds accumulating - Decent fundamentals Entry idea - For members Stop loss depending on entry and risk appetite. But always set meaningful stops. "if you don't find a way to make money while you sleep. You will work until you die.” Cheers and happy trading!
Bullish - IHS - Broke downward trend line - Funds accumulating - Healthy fundamentals - Broke neckline Entry idea - For members Stop loss depending on entry and risk appetite. But always set meaningful stops. “Never a loss. Always a lesson” Cheers and happy trading!
Bullish - Stage 1 broke out - Broke downward trend line - Funds accumulating - Healthy fundamentals - Hot theme Entry idea - For members Stop loss depending on entry and risk appetite. But always set meaningful stops. “It's okay to be wrong; it's unforgivable to stay wrong.” Cheers and happy trading!
Bullish - Inverse head and shoulders - Broke downward trend line - Funds accumulating - Healthy fundamentals Entry idea - For members Stop loss depending on entry and risk appetite. But always set meaningful stops. “They fear what they don't understand” Cheers and happy trading!
Bullish Long term uptrend - Needs to clear downward trendline - Building base - Positive FCF - Positive Income - Funds accumulating Entry idea - For members Stop loss depending on entry and risk appetite. But always set meaningful stops. “Do not wait to strike till the iron is hot; but make it hot by striking.” Cheers and happy trading!