Ready for DARVAS BOX Breakout...NSE:CEATLTD trade at 2845. Support @ 2500 Resistence @ 3000
on the weekly chart made a DARVAS BOX Pattern, after its breakout you can watch for next resistence @ 4000
Chartanalysis
VOLUME BREAKOUT...NSE:ALLCARGO trade @ 71.40 Suppport @ 58.50 Resistence @ 78.50
on the chart seen a higher volume breakout. You can watch it as a Next Resistence @ 98
Take a chance for New All Time High...NSE:POLYCAB trade a 6750. resistence is @ 6900 & support is 6300. You can watch for it New Life Time High @ 7300.
READY FOR BREAKOUT ON CUP & HANDLE PATTERN NSE:MASTEK trade @ 3000 level, Resistence is @ 3350 and Support @ 2550.
after a successful breakout you watch it as a next Resistence @ 4800-5000.
Block: Let's go!In Block's chart, we now consider the low of the turquoise-colored wave 2 to be in place. The same-colored wave 3 should now carry the price out of the magenta Target Zone and above the resistance at $87.19. Only our 30% probable alternative scenario calls a deeper correction low.
xauusdperfect short yesterday.. as expected. thank you all of you.. as we look at the chart gold created LL and bounced up back to retest 2497 to 2501 ob area.. as also we know that today is friday.. weekly is still up trend...!!
what are your thought on gold for today..?? short or long.?
let me know in the comment.
#NIFTY Intraday Support and Resistance Levels - 23/08/2024Flat opening expected in nifty in consolidation zone. Any strong rally only expected if nifty gives break of this 50-60 points consolidation zone. Expected bullish rally upto 25000+ only after breakout and sustain above 24850+ level. Downside possible below 24800 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/08/2024)Today expected flat opening in banknifty near 51000 level. Due to yesterday's consolidation movements near 51000 no major changes in levels. Expected bullish rally of 400-500 points only if banknifty sustain above 51000 level. Downside expected if banknifty indicates strong reversal below 50950 level.
Bitcoin: Hello Again Bitcoin surged back above $60,000 yesterday evening and is thus trading at a price level that it has been trying to overcome for two weeks now. We primarily expect another setback into our green Target Zone (between $47,012 and $58,655) so that the low of the green wave 4 can be established there. Following this, the price should then turn around sustainably and rise above the all-time high of $73,808.
BTC Technical analysisIt looks like Bitcoin has formed a rising wedge pattern on the 2-hour chart, which typically indicates a potential bearish reversal. The pattern has already reached its second top, and the price seems to be breaking down from the wedge. The target for this breakdown could be around $56,000, which aligns with the support zone from earlier price action. The RSI is near overbought territory, suggesting that the momentum might be fading, and the MACD is showing early signs of a bearish crossover. Keep an eye on the volume to confirm this breakdown; if it picks up, we might see a sharper decline.
Fantom: Come Back!We primarily expect a return into our orange Target Zone (between $0.3220 and $0.1866) before the orange wave v and thus the green wave comes to an end. After that, a sustained rise above the resistance at $0.54 should occur. However, as the price had already approached the range, the technical minimum requirement for the correction low has already have been met. Should we now see a rise above the resistance at $0.54 (33% likely), we will thus have to see the price in the orange-colored wave alt.i.
Symmetrical Triangle Pattern in COALINDIAStock: COALINDIA
Timeframe: 1 Hour
Pattern: Symmetrical Triangle Breakout
Analysis:
Breakout: COALINDIA has given a breakout from a symmetrical triangle pattern.
Expectations: After this breakout, a bullish rally is anticipated.
Targets:
First Target: 542
Second Target: 555
Third Target: 570+
Stop Loss: Set at 520
Trading Strategy: Consider going long on COALINDIA, keeping a strict stop loss at 520.
Consolidating Time Over...NSE:HDFCAMC trade at 4300, and consolidating between 3600-4200 from last 6 month. Now consolidating time is over, when its range break then its next Resistence is at 4800...
GOING TO ALL TIME HIGH...NSE:SONACOMS trade at 700, and make a rounding bottom pattern, when it break 720 level then it going to its all time high level @ 830, and after that it next Resistence is @ 1000....
Forming of Rounding Bottom...BLS International Service Ltd forming a rounding bottom pattern. who breakout above 430. Its next Resistence is at 550....
Avalanche: Recovery!AVAX recovered last week and rallied within our turquoise Target Zone (between $17.48 and $29.30). We now expect the price to be carried out of the Zone by the turquoise wave 3 and above the resistance at $41.78. However, we still have to keep our alternative scenario (40% likely) in mind. This option calls for a lower low of the turquoise wave alt.2 below the range.
#MYRO/USDT SPOT LONG ENTRY#MYRO/USDT SPOT LONG ENTRY
Leverage: 3x
Entries: $0.07788
Take profit 1: $0.08339
Take profit 2: $0.09671
Take profit 3: $0.12192
Stop Loss: $0.06818
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BYBIT:MYROUSDT
Thanks
The sroced.
#NIFTY Intraday Support and Resistance Levels - 20/08/2024Today will be slightly gap up opening in nifty. If nifty starts trading above 24650 level then possible upside rally upto 24850+ in today's session. Similarly if it's starts trading below 24500 then downside fall expected. 24500-24650 will act as a consolidation zone in today's session. Any strong movement only expected breakout of this zone.
[INTRADAY] #BANKNIFTY PE & CE Levels(20/08/2024)Today will be slightly gap up opening expected in banknifty. After opening upside rally only expected if banknifty sustain above 50550 level. Downside of 400-500 points possible if it's starts trading below 50450 level. No major changes in yesterday's levels due to consolidation movements in market.
Snowflake: One last climbSnowflake should rally once more before ending the turquoise wave b. After this corrective rise, we expect a fall to below the support at $107.41, which will complete the green wave (2). Meanwhile, we consider an earlier start to this final sell-off to be 33% likely.
Ace Trading Academy - AUD/USD Pre-week Analysis Full BreakdownIn this video, we thoroughly review how last week ended and how the upcoming week will potentially set up in AUD/USD based on previous price movement.
We plan to see an initial retest at the beginning of the week and a continuation of the current 2-week uptrend after the retest.
We labeled trading zones, Support/Resistance points, and trend set-ups.
Take a listen, like and follow if you take value from this video.
More value will be coming soon!!
US30 SingalUS30 Analysis - Daily
In this analysis, we are anticipating the formation of a Head and Shoulders pattern. Based on this pattern:
Sell Entry Point: A sell signal has been triggered near the neckline and resistance area. If the neckline breaks downward, a significant bearish move is expected.
Buy Entry Point: If the price bounces off the identified support area below and fails to break down, a buy signal will be activated. In this scenario, the market could move towards higher targets.
Overall, we expect a continuation of the bearish move if the neckline is broken, but if not, a potential reversal to the upside is likely.
Oil slips again and Geopolitical tensions rise In my last post about Oil, I said that "Oil has a good possibility to get back to the range of 83.50 and 84.50", but also "Oil had broken 3 LH's that were created between July 22nd, 2024 and August 1st, 2024". I also mentioned that "we can see a pullback in the ranges of 78.84 and 77.12". In my outlook at the top of the week, I said that I was on the buyer's side until price showed otherwise. Now, price is showing signs of not continuing buys but settling into seller's territory.
In this latest out look, I'm going to give you my insight on where the market can possibly go going into next week. Around early 6AM, price broke the HL from last Friday that shot Oil up all the way to the 77.89 area on this past Monday. On Tuesday, price created the "M" formation signaling that sellers were now starting to step in that sent the market selling for the rest of the week. On today Friday, August 16th, Price hit a demand area that sent price shooting past the HL that i stated early in my typing. This could potentially mean that we are now in seller's territory for a minute depending on how the markets may move going into next week. We did leave a gap above after yesterday's sell movement that can send price back that way from Monday going into Tuesday depending on market conditions. I believe if price goes back that way it can be just to create a LH, IF price doesn't make buying structure. Right now my current outlook is bias until the market finds its footing from Monday-Tuesday.
Amid Oil selling from the technical side, Oil is facing rocky streets from fear of the United States economy as investors are getting ready to brace for interest rate cuts and other things going on in different countries. From Fed Powell, to Iran retaliation, and to China's weak economy, Oil is in some unpredictable territory especially with a lot of geopolitical tensions rising. Next week news combined with technicals will give a greater outlook on Oil.
