EURUSD: upcoming bearish moveLike GOLD, I think EU will break the ATL and the daily 50EMA and continue downward. I think so because of what the last few daily candles are showing and the 4H chart already shows a breakout and retest of ATL, so maybe at this point a slightly riskier short position could be made or just wait for a breakout to confirm the direction of the price for more conservative entry ;)
Here is what the 4H looks like:
Candlesticksignals
DXY: PREPARE FOR THIS !!! Guys listen now, DXY is sitting on a veeery delicate level and any significant move will heavily determine the direction of every USD involved pair.
So first let me put down the important indicators and levels:
1. On 103.800 lays Daily 50EMA right above the current price
2. On 104.100 lays Weekly 50EMA slightly above the current price
-We can say that they are pretty damn close
3. Price is sitting on current major S/R zone
4. There is also 61.8 % fib level of previous leg
After clearing this you see why the price is in a very tight zone so this week we will most likely see a breakout on either side so get ready because we might see some pretty good moves after that.
So what's my POV: I expect to see a bullish breakout and continuation, because everything suggests that in my opinion. Of course we can see a bounce from the current level and continuation to the downside.
I will make sure to update everything here ;)
AUDUSD possible long moveAN offers a really good long setup. The confluences are:
1.ascending channel
2.break and retest of S/R zone
3.daily AND weekly 50EMA laying on this level
4.61.8% fibs
So we just need to see rejection candles at POI for entries.
The only thing I don't like is the bearish momentum. The last daily candle is Marubozu candle, a very dominant candle sooo I'll be looking for STRONG 4H rejection candles or daily candle before jumping in longs!
It could easily penetrate the zone, so be careful with entries.
XAUUSD short term long A very risky trade, but if I see a consolidation at this level or lot of wicks I will jump in a long position. Basically the daily 50EMA is laying exactly at this strong level of S/R so we might see a reaction from it. This setup is entirely dependent on the following 4H or daily candles.
GBPAUD short setupOn a daily time frame, GA has formed H&S and it's in a downtrend, so overall bearish setups are preferred.
Price is now on a very good position for sells, we have:
1. Clear downtrend
2. Retesting a structure
3. 4H 50EMA
4. 50% fibs
5. Bigger pattern in play
All I want so see is 30m wedge or pennant just so price can move sideways to touch the trend line, and ofc this can be a sign for a rejection from this level.
DXY: what I want to see for AUDUSD, GOLD, EURUSD long ! Hello guys, I've put ghost candles on the chart to show you what I want to see to support my Gold, EU, AU long setups.
So DXY approached very crucial zone now, there is a current strong level of S/R, a 61.8% Fibonacci level and a daily 50EMA.
Right now the bullish momentum is very strong, so I will wait to see if the confluences I mentioned are strong enough to hold the level.
If I see a daily closure above these confluences, I'll cancel all my XXXUSD setups, because they would be invalidated.
EURCAD possible scenarios EURCAD 2 possible scenarios in my opinion:
So the price is about to reach important zone of S/R and there are 2 options:
1. If we see a reaction from this level: small range, consolidation, wicks, etc. ... I will look for longs with nice RR.
2. A strong closure under the support suggests a bearish move, so I will make entry on the pullback.
IF price makes some weird shit, which is far from what I expect, I will stay away from it.
PLATINUM short term long setupSo, we are at the bottom of the descending channel + a very strong support level. We might see one more bounce or 4H hammer candle before going up and to be honest that's the optimal play we look for. The price can actually smash this zone and if it does so, I will shift my bias and will look for pullbacks for short.
Platinum long scenario Oke guys, I'm going to watch this for potential long if price give us second touch of the ATL, it showed good rejection at first touch and now I'm looking for a pullback to POI and if it comes to the marked zone, I will wait for 4H rejection candles and after that I'll consider buys.
Confluences are:
1. Daily 50EMA touch
2. Nice break and retest of S/R zone
3. Bullish trend on 4H, D, W
4. 61.8% fibs
5. initially it showed rejection at the first touch of daily 50EMA
Technically its looking good, but remember that we jump in longs only if we see a good 4H rejection candles at marked zone
HINDUSTAN ZINC - DAY CHART - 09.01.2023 - BAHAVAN CAPITALHINDUSTAN ZINC as per Day Chart Analysis Stock
ABOVE 345 TARGET 350
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
GULSHAN POLYOLS - DAY CHART - 09.01.2023 - BAHAVAN CAPITAL GULSHAN POLYOLS as per Day Chart Analysis Stock
ABOVE 272 TARGET 276
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
SAKSOFT - DAY CHART - 09.01.2023 - BAHAVAN CAPITAL SAKSOFT as per Day Chart Analysis Stock
ABOVE 143 TARGET 146
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
LAMBODHARA TEXTILE - DAY CHART - 09.01.2023 - BAHAVAN CAPITALLAMBODHARA TEXTILE as per Day Chart Analysis Stock
ABOVE 167 TARGET 173
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
GEE - DAY CHART - 09.01.2023 - BAHAVAN CAPITALGEE as per Day Chart Analysis Stock
ABOVE 88 TARGET 93
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
TRIVENI TURBINE - DAY CHART - 09.01.2023 - BAHAVAN CAPITALTRIVENI TURBINE as per Day Chart Analysis Stock
ABOVE 264 TARGET 268
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
TRIL - DAY CHART - 09.01.2023 - BAHAVAN CAPITALTRANSFORMERS & RECTIFIERS (INDIA) as per Day Chart Analysis Stock
ABOVE 67 TARGET 70
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
GEEKAY WIRES - DAY CHART - 09.01.2023 - BAHAVAN CAPITALGEEKAY WIRES as per Day Chart Analysis Stock
ABOVE 89 TARGET 93
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
AXIS BANK - DAY CHART - 09.01.2023 - BAHAVAN CAPITALAXIS BANK as per Day Chart Analysis Stock
ABOVE 962 TARGET 970
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
CANARA BANK - DAY CHART - 09.01.2023 - BAHAVAN CAPITAL CANARA BANK as per Day Chart Analysis Stock
ABOVE 330 TARGET 333
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
#GBPNZD selling opportunityPrice has been trapped in a rangy market for quite some time, but as it can be seen finally managed to break the consolidation area to the downside which means more downside move can be followed. this kind of formation base on DOW theory area called line formation and by the way they are considered as very important when they break to the one side.
As it can be seen we are already in down trend and breakout of the range area from below shows that a trend may potentially resume. But also it should be in mind that the breakout can always turn to be fake signals and also price can still come higher and take out liquidity from above too.
But for now and to keep things simple we need to be looking at the nearest resistance area to the price which is a structure point, because it used to provide support for price before and now that price broke this area to the down it could provide resistance. and as you can see price already came back to this area once and rejected from.
Now and in the second try if price reject to the downside from this area after a liquidation you can say that this area would hold and selling is an option.
NVDA, AMD Bottom FormationsNVDA continues to work on its bottom. The Reversal Candlestick in October signaled the end of this stock's correction. The stock has plenty of growth for the future.
The red line is the bottom completion level for this chart, a strong resistance level. There's strong point gain potential when the current sideways action breaks out upward.
Volume-based indicators are showing slow but steady hidden accumulation.
If the current sideways action breaks down, support from the buy zone is quite close.
---
AMD is waffling around the U-Shaped Bottom's completion level, which is usually a quick short-term bottom.
Once it can sustain within the prior trading range, it can start to develop a range that can then compress and break out. So, it has a couple of areas to work on.
Meanwhile, it has sufficient past swing-style runs to be considered for a swing trading watchlist when the short-term bottom completes.
If it breaks down to retest the bottom lows, beware of the support at the buy zone.