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Nifty RSI Super-Heated to 83% - Crash Coming ????On the Quarterly chart - the RSI indicator on Nifty is showing a value of 83% or more indicating it's in Over Bought Zone Back in Jan 2008, the RSI went to a high of 87% and Nifty subsequently crashed -52% from the Highs. After 16 years, the RSI on Nifty is climbing up beyond the 83% mark which indicates "Danger of a Correction" according to many Expert Analysts from Media Channels, Twitter and Telegram Please forward the below analysis to All those Pessimistic Technical Super-Zeroes -------------------------------------------------------------------------------------------------------------------- I say - What a "Ridiculous" Comparison of 2008 vs 2024??? The entire Technology world looks toward India as a Hub of Technical Brains, but those brains are just filled with Age-old Folklores and Pessimism. Technical Analysis is NOT a Geometry class to connect 2 dots from 20-30 years ago and say we had the similar situation back then and there was a Crash and the same thing will Repeat now. The entire market Dynamics has changed a lot. 1. First of all what's an Indicator? An Indicator is nothing but a Human written Algorithm (A Script) which consumes Buyers & Sellers Activity and volume of trades historically and does some simple "math". How does this Dumb Number Crunching algorithm understand external factors? 2. What Really Caused the fall in 2008? Think again closely - The 2008 crash was a Global Catastrophe caused by the Massive Conspiracy and Bankruptcy of Lehman "Buggers" (Brothers) in US which had a world wide impact. For those Technical Pundits who believe 2008 fall was due to RSI - read the Analysis below fully In this image - there is a comparison of Nasdaq Vs Nifty 50 between 2000 to 2008 and the RSI line is that of Nasdaq (not Nifty) In 2000, the market fell so badly in US and the RSI was around 98%. But in 2008, look at the RSI - it was hovering around the Healthy 60% mark which is treated as the Golden Levels of "Fresh Entry" by most technical analysts But US & the entire world crashed in 2008 due to Lehman Brothers issue - As the subprime mortgages underlying these securities began to default at alarming rates, investor confidence plummeted leading to a loss in trust in Lehman Brothers. Unable to fully recover all of their losses, Lehman Brothers were forced to file for bankruptcy Nifty was trading at RSI 90% back then, but US was trading at 60% RSI. So the fall here is NOT because of Indian RSI - but due to a Global event. RSI is like a Speedometer - it just indicates that you are driving at 80 / 100 and in every vehicle speedometer - there will be a RED zone which indicates Dangerous driving conditions. Does not mean, the Engine will fail. It just says that driving so fast is not safe. We should learn to do a Full Analysis - not just a Half-baked one connecting some dots with something else claiming Technical superiority Nothing is going to happen to US especially NOTHING will every happen to Indian Market until Apr 2028 where Nifty will face a 34 year long Parallel Channel Resistance as indicated in the main chart Disclaimer: Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:NIFTYLong
by Stocks-n-Trends
Bitcoin Starting to show some strength ! Check this out.... Good morning everyone and welcome to another weekend session. Bitcoin is heading towards a very important demand zone, while still showing strong buying pressure. In my opinion, it will be very difficult for Bitcoin to drop around the 48k level with this buying pressure and the completion of a downward sequence, price is landing at point #6. this is very important because if we can see the liquidity and buying pressure this is showing the conclusion of a bearish trend So for this week, Bitcoin will probably show some liquidity, which will cause long wicks to the downside, indicating strength and a rejection of further decline. Most likely, by the end of this week or during the next, we will start to see an upward trend. Thankyou for your support Best Regards
COINBASE:BTCUSDLong
by RocketMike111
2
SWING IDEA - MATRIMONYStock seems to have successfully retested its Swing Low at 500 levels. A good support as well has formed at 547. Price Action is trying to break the old Lower Low Pattern and form a new move upward. MACD also seems to be slowly but steadily gaining momentum upward. The recent Google Play dispute could be making the stock move at a very slow pace. So far 547 seems to be like a good support zone. Although any new lows beyond 500 levels could only mean further disasters. Trade only with strict Risk Management.
NSE:MATRIMONYLong
by thepranam
SWING IDEA - ERISStock is currently trading near its Multi Year Support/Resistance zone of 836. While 836 has been a strong Resistance/Rejection point twine in 2018 and 2021, this has turned out to be a good Support point currently since Sep 2023 during multiple revisits. MACD Cross is also under play at this time. If all goes well, the stock could start seeing some new highs in the coming weeks. Stock has also had a good Earning report this past week, so lets hope for a move upward. Note: Stock has been consolidating in the same zone for nearly 6 months now. With good volumes, it could very well see new highs.
NSE:ERISLong
by thepranam
IDFC-Bullish swing- Will history repeats? 02.09.2024 Buy- Above 115 Target- 119.5 Stop Loss-109.5 Risk Reward- 1:1 1.Breakout-Inside bar breakout 2.Trend- After very good uptrend price is under downward range channel with frequent LH & LL formations. 3. key level- Price has bounced from horizontal support zone by formation of triple bottom and also from channel support level. 4.Volume- Good increasing volumes with above average level 5. EMA- W Patter breakout expected in narrow view and Bullish flag in broad view(Different time frame) 6. Fair value gap rejection and price crossed 50% level in channel.
ILong
by Swinging_Inside_the_BAR
AAVE ANALYSIS (weekly analysis)🔮 #AAVE Analysis 💰💰 🌟🚀 There is a complete formation of Cup and Handle Pattern in #AAVE. We are just waiting for a perfect breakout. If #AAVE breakout with good volume then we will see a very good bullish move.🚀🚀 🔖 Current Price: $129.70 ⏳ Target Price:    $200 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #AAVE. 🚀💸 #AAVE  #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
1
Unlock Winning Strategies: Spot High-Probability Trades!Chart Analysis: XAU/USD (Gold Spot vs. USD) Based on the two charts you have provided, here is a detailed technical analysis of XAU/USD using price action and chart pattern observations: 1. Weekly Flag Trendline (Higher Time Frame Context) The upper and lower yellow trendlines represent a possible flag pattern on the weekly chart. This suggests a consolidation phase after a strong impulsive move. A flag pattern typically signals a continuation of the previous trend, which, if the context is bullish, indicates that after consolidation, there may be a continuation to the upside. On both charts, we can observe that price action is contained within this broader structure, indicating that price is in a correction phase rather than an impulsive phase. 2. Key Horizontal Levels 2,532.144 and 2,506.245: These levels act as strong resistance zones. The price has struggled to break above these levels multiple times, indicating significant selling pressure or profit-taking at these points. 2,471.313: This is a key support level. The price has reacted to this level before and, most recently, has bounced back after testing this support zone. This suggests that buyers are willing to step in at this level, providing a floor for the price. 3. Descending Channel and Price Action Patterns Descending Triangle/Channel Pattern: On the 15-minute chart, the price seems to be forming a descending triangle pattern (lower highs and a flat support at 2,471.313). This pattern is typically bearish, suggesting a potential breakdown if the support does not hold. Potential Reversal Patterns: After testing the lower trendline of the weekly flag pattern and finding support at the 2,471.313 level, there was a notable bullish reaction. This can imply a short-term reversal, especially if confirmed by a break above the minor resistance level of 2,494.370. 4. Consolidation Zone and Lower Time Frame Patterns The 15-minute chart shows a clear consolidation pattern after the sharp decline, with price action currently moving sideways between 2,494 and 2,506. A break above this consolidation range could signal a short-term bullish continuation towards the upper resistance levels, while a break below would imply a continuation of the bearish trend observed previously. 5. Breakout and Pullback Zones The yellow dotted lines on the 15-minute chart indicate key areas where the price broke out from consolidation phases. These areas are crucial for identifying potential entry points in a trending market. If the price retests these zones and finds resistance or support, they could act as triggers for either continuation or reversal trades. Trading Strategy Considerations Bullish Bias: Traders with a bullish bias might consider waiting for a breakout above the 2,506.245 resistance, looking for a confirmation with a pullback to this level as support. The target could be the upper boundary of the flag around 2,532.144 or higher, depending on momentum and broader market conditions. Bearish Bias: A trader with a bearish outlook might wait for the price to break below the 2,471.313 support level, looking for short positions targeting lower levels aligned with the descending channel's trajectory. Range Trading: Given the current consolidation between 2,494.370 and 2,506.245, range traders could look for entries at the edges of this range with tight stops and defined profit targets within the range. Conclusion Given the price action analysis and current chart patterns, the XAU/USD market appears to be in a consolidation phase within a broader flag pattern. This suggests that while the immediate outlook may be neutral to bearish, there is potential for a bullish breakout if key resistance levels are breached. Traders should watch for confirmed breakouts or breakdowns from these levels to guide their trading decisions, keeping in mind the broader market trend and any fundamental drivers influencing gold prices.
OANDA:XAUUSDEducation
by Adlercon333
Ethereum Long-Term Outlook: Bullish Breakout PotentialThis chart of Ethereum (ETH/USD) on the weekly timeframe indicates a significant bullish potential in the medium to long term. The price action appears to be consolidating within a symmetrical triangle pattern that began forming in early 2022. Typically, symmetrical triangles are neutral patterns, but given the prevailing bullish trend leading into this formation, a bullish breakout seems more probable. Key Observations: 1. Symmetrical Triangle Pattern: The price has been making higher lows and lower highs, indicating a compression that is characteristic of a symmetrical triangle. A breakout is anticipated, which could result in a strong upward move. 2. Volume Profile Support: The volume profile to the right shows significant accumulation in the current price range, suggesting strong support and potential for an explosive move once the price breaks out of the triangle. 3. RSI Bullish Signals: The Relative Strength Index (RSI) is also showing bullish signals, bouncing from the oversold territory multiple times. Each time, the RSI remains above the key level, indicating sustained buying pressure even during pullbacks. 4. Previous Major Resistance Levels: The yellow trendline above marks the previous high, which will act as a strong resistance level. A break above this level could propel Ethereum towards the upper resistance channel, potentially aiming for the $13,000 range, which is aligned with historical resistance and the projection from the triangle’s height. Prediction: If Ethereum can maintain support within the triangle and break above the upper trendline, we could see a sharp move towards the $13,000 to $13,500 range. This would represent a substantial gain from current levels and could be the beginning of a new major bullish cycle. However, traders should watch for volume confirmation on the breakout and be cautious of potential false breakouts. Disclaimer: This is not financial advice, and all trades should be made based on your own analysis and risk tolerance.
BITSTAMP:ETHUSDLong
by ImmortalEmerson
5
Radico Khaitan-Bullish-Will this beverage stock takes rally now? NSE:RADICO 25.08.2024 Buy- 1845 Target-2002 Stop Loss-1739 Risk Reward- 1:1.5 1.Breakout- Parallel resistance breakout. Biggest green candle in last 8 months 2.Trend- Consolidation(Sideways) from 8 months. 3.KeyLevel- At resistance 4.Volume- Volumes increasing in bullish & good volumes in breakout candle 5. EMA- Above 21 & 50 EMA. 200 EMA Rejection 6. RSI-Bullish divergence found 7. Chart Petter- W Pattern formation. Expected to give good breakout
NSE:RADICOLong
by Swinging_Inside_the_BAR
1
Nifty 50 - NO MORE Corrections until 2028 (Minimum)Nifty - Quarterly Chart To all those "Useless" Media Channels & TV Analysts who are trying to Panic retailers scaring them about a Major Correction / Crash in Nifty - everytime Nifty hits a new ATH - Here are detailed evidences to Debunk your "Bed-time" Stories Don't waste our time giving the same reasons of Over-Heated RSI, Over-Valued Stocks and all the more the Stupid Rate Cuts from the Fed 1. To begin with - Fed has been delaying rate cuts over and over and over - and nothing happened to the market and it keeps increasing up. No one really cares about Rate cuts or not. May be on the Day of announcement - there will be a Minor Blip and that's all - Maximum - an "One-Night Stand" and nothing else 2. As per the Nifty Quarterly Chart - since 1990 till now - there has been only 2 major corrections 1. During 2007 Financial Crisis - RSI was overheated to 86.85 on Quarterly. But Remember - RSI was over 75 from Oct 2005 till Oct 2007. If RSI is supposed to work - then why was there NO corrections until Oct 2007 ? None of you will have an answer.... and Market Fell because of Financial Crisis - NOT because of RSI - will you atleast learn now ? From Oct 2007 to Jan 2009 - Market corrected 52% and RSI fell 43% (This was the Only time in the 34 year history where Market fall was more than RSI fall) 2. Between Jan 2015 to Apr 2016 - Market Fell -9% and RSI fell -14% when the so called Overheated RSI fell from 77 levels 3. Between Dec 2019 to Apr 2020 - Market fell -30% and RSI fell -41%. And again its NOT because of the Over-Rated RSI indicator getting Over Heated, but rather due to Covid 4. Between Jan 2022 to Jul 2022 - Market Fell -11% and RSI fell -14%. And again you need to learn that this was not because of Over Heated RSI, but rather due to Russian War Hope this sets the clarity on how Market corrects. So, Don't blindly believe on anyone giving False Panic Alarm. They don't know anything about how market functions. Just because they use some Jargons which you don't understand does not mean they know more than you. They only know how to confuse you - nothing more than that As per the LIFE-LONG Parallel Channel - we are right in middle there is 2x Room left to Grow. The next time we will hit the Top of the Parallel Channel is approx Apr 2028 - reaching 51,300 levels in Nifty - By then - I will be Open to listening a Correction If you want to learn Market - Spend Time Analyzing - Not GOSSIPING....
NSE:NIFTYLong
by Stocks-n-Trends
7
There will be more bull season? #Bitcoin 3M chart#Bitcoin 3M chart; Bitcoin chart in its simplest and broadest form. 3 months. What do you see? Let me make my own interpretation first, then share your thoughts. In 2022, it went to the IMB region, took its support and made its current peak. The breakout was MSS because it closed above it while doing so. This is an uptrend signal. And again it visited the IMB zone for support. This candle is a June candle, so the next candle opening will be in October. I hope this is clear enough for those who say there will be no more bulls.
Long
by ugurtash
4
RDNT ANALYSIS🔮 #RDNT Analysis - Breakout 🚀🚀 💲💲 There is a breakout of Falling Wedge Pattern in #RDNT. It's a daily time frame breakout and there is an instant resistance zone if the price closes above the resistance zone then we would see a bullish pricemovement. Also a perfect retest is done.  📈📈 💸Current Price -- $0.0844 📈Target Price   --  $0.2000 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #RDNT  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
1