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CPR

Nifty Important levels and trading plan for Thursday 09.06.22For any opening between 16340 to 16400 a bullish trade can be initiated, if nifty crosses 16400 level with a positive price action in 15-minute time frame. 16448 and 16481 will be the initial resistances. Next resistance levels will depend on price action only. Nifty crossing 16324 level without crossing 16364 level before, a bearish trade can be initiated. 16275 and 16194 will the immediate levels of support. Between 16400 to 16340 it is no trade zone for Nifty for tomorrow. Considerable OI is found in 16500, 16600 and major oi is present at 17000 level for CE side and for PE side 16300 has highest OI, followed by 16500 and 16200. A channel is also visible in 75-minute time frame, which may act as support and resistance.
NSE:NIFTY
by rahulbora11
Nifty Important levels and trading plan for Wednesday 8th June 2With flat or small gap down opening, if nifty crosses 16410 and sustain then a bullish trade can be initiated. 16481, 16557 and 16612 will act as major resistance, for any gap up opening of more than 50 points need to wait for price action to complete for an entry. With flat or any opening below 16416, nifty crossing 16409 level with negative price action (in 15-minute time frame) a bearish trade can be initiated. Major support levels will be at 16364/16348, 16294 and 16217. These support level will only be applicable when nifty reaches those levels without breaking 16416. For any gap down opening of more than 100 points need to wait for proper price action. A channel is also visible in 75-minute time frame, which may act as support and resistance. Important points- 1. Nifty tomorrow with narrow CPR. 2. RBI meeting (6 to 8 June 2022) Considerable OI is found in 16500, 16600 and major oi is present at 17000 level for CE side and for PE side 16300 has highest OI, followed by 16500 and 16200.
NSE:NIFTY
by rahulbora11
Nifty Important levels and trading plan for Tuesday 07.06.22If nifty opens below 16635 and crosses this level with a positive price action, then a bullish trade can be initiated. 16718 and 16793 will act as major resistance. Foe any gap up opening over 150/180 points need to be careful. With any opening below today’s high (below weekly CPR) bearish trade can be initiated, when NIFTY crosses 16524 level, which is the bottom of tomorrow’s CPR with bearish price action, 16441, 16395, 16339 will act as supports in that case. Support levels may slightly vary if nifty opens above 16617 level and then break the bottom of tomorrow’s CPR. Though in 17000 level huge OI is present but considerable OI is also built up in 16700 and 16800 levels in CE side and for PE side highest OI is present at 16300 and in 16500 level also considerable OI is present, and these levels will surely offer support and resistance.
NSE:NIFTY
by rahulbora11
Nifty Important levels and trade planning for Monday 06.06.22At this time SGX Nifty is 116 points down then it’s previous days closings, and at fib level .786 which may act as support and probably may took a reversal, and then we may see a flat or small gap down for nifty on Monday. But if SGX Nifty breaches its current support level and continue its move then we may expect a heavy gap down of NIFTY on Monday. If NIFTY opens below 16613 level, then there is high possibility that it will continue its bearish move as this the level of fib .5 for the current swing and at the same time central pivot line for next week’s weekly CPR, which will clearly offer a huge resistance. So for flat or small gap down opening with one negative candle we may enter into a bearish trade, Major support levels will be at 16519, 16441 and 16368. Any gap down opening of more than 150 points need to wait for price action to complete. For flat or slight gap up opening-On Monday NIFTY has wide CPR, and for flat or minor gap up opening it will face resistance in all levels from 16613 to 16710. If it crosses 16710 level with positive price action then we can enter into a bullish trade. Major resistance levels will be at 16793, 16847 and 16920. From OI data 16800 has huge OI build-up in CE side, and for PE 16500 and 16300 has heavy OI present. So, these levels will definitely act as supports and resistances.
NSE:NIFTY
by rahulbora11
Nifty Important levels for Thursday 02.06.22Nifty continued its retracement today on 1 hour time frame, broke fib .236 but could not sustain. This trend will be continued as long as it remains below 16600 level. A downward trendline is visible, which will surely act as resistance tomorrow, if nifty opens below it, and for any opening above this line surely it will act as support. So, depending upon tomorrow’s opening we can go for trades. Any opening above the trend line with bullish price action crossing 16600 level we can enter a buy trend. 16686 will be the first level of resistance followed by 16821 and 16912. Any opening below that trend line crossing 16500 level a bearish trade can be initiated. In that case PDL may offer some resistance and then 16350, 16301 and 16227 will act as support. Nifty with Narrow CPR tomorrow, and as weekly expiry may show some volatile movements also. At the time of closing highest CE side OI is found at 17000 and for PE side it is at 16300. Again at 16500 considerable OI is present so this level could also act as a major support. According to India vix at the closing time nifty range for Thursday will be 213.
NSE:NIFTY
by rahulbora11
BTC CAMARILLA PIVOT YEARLY LEVELSearlier in january I posted a trade idea at yearly L3 saying we might be in for a move up to yearly H3. we got that bounce are now facing yearly central pivot. From here I expect a retrace and daily cool off to new incoming monthly pivot around (yet not confirmed until monthly close) of about 44 to 45k. from there as long as we find support on our daily correction the typical way to trade camarilla would be to aim for the H3 from the L3. this is larger time view.
by Gunslinger2005
1
BTC threats to spoil the inverted head and shoulders patten41.6K is the area with most historic volume in the visible range in the presented chart. If BTC breaks down this level there's a vacuum of volume that will only find a potential support around 38K. Unfortunately that would invalidate the inverted head and shoulders we were discussing yesterday. If we bounce back up on the daily and only wig below then we would still have fair chances of completing the H&S pattern. CPR pivot levels are coinciding with the 41.6K high volume area which in fact should be a strong support. It still seems like Friday typical volatility is scaring some investors which are taking profits before the weekend.
INDEX:BTCUSD
by TheTradingParrot
CPR monthly levels quick updateWe are currently above the 3 monthly pivots. In order to confirm we are reversing the trend, at least for the short term, we need to confirm the top pivot as support. Going below the pivots could potentially invalidate the trend reversal. The current candle is the most bullish thing we have seen in the past 3 months 100% The next target is 46K which is the first resistance from monthly CPR for Feb and the most realistic target if we managed to confirm the pivots as support (white lines). Make sure you understand that the expectation for "trend reversal" is not necessarily to produce a new ATH. The short and medium term expectations are only the mentioned levels and 46 could perfectly become a dead cat bounce. After all we haven't had any relief rally and an extension of the bear trend in the weekly could still remain intact even if reaching those levels and the failing to hold.
INDEX:BTCUSDLong
by TheTradingParrot
We need to the close daily monthly CPR above the first support The daily candle must regain the first support of the first support of the monthly CPR at 39.1K in order to be able to not signal a huge bearish signal to the market. Closing below would cause a price cascade to the second support which is located at 32K. I'm tagging this as bearish as I don't feel like we won't be able to hold 39K, this is my speculation based on how much I trust the stocks/equity market to be able to make a V-recovery. To me it looks like we will see at least a bit more of blood in the streets. I'm starting some new bots based on this assumption. Credits for CPR analysis to CryptoAnup.
Short
by TheTradingParrot
BTC/USDT - 1W - Time to Bounce? Hoping BTC bounces here - price already tapping the blue 21W EMA and also retracing to the 0.382 fib extension. First green CPR (R1) meets the 100% fib extension. Good TP zone. Second green CPR (R2) crosses a long term white trend line. Good TP zone. Third green CPR (R3) taps the 1.618 fib extension. Good TP zone. Should price break down below the green trend line, look for the 50 EMA (green) and even 100 EMA (yellow) for DCA options. Come on the Bitcoin.
Long
by dimuthj
BTC how to trade potential reversal or continuationIf you missed previous entry on monthly camarilla pivot levels I posted. there may be a secobd chance to enter market with decent risk management. lower time frame linear regression channels are in downtrend but as you can see daily is not. and I always trust linear regression channels and cam pivots more than hand drawn channels and trendlines. so here is a potential setup on weekly levels Entry on test of L3. targets H3. H4. H5. H6. Stop loss L4 IF L3 is not tested. wait for H4 break and 12hour or daily close above. target H5 and H6 with stoploss at H3.
by Gunslinger2005
4
EGLD/USDT - 4H - Potential channel breakout and bull flagEGLD might be looking ready to move on the 4H. Fib Trend Time indicator also showing this. White channel (flag) measured move taps the 0.5fib extension area. Should price break down, red arrow measured move points to potential DCA or SL range. Lowers still; red arrow taps the monthly blue CPR range. Yellow arrow (pole) measured move taps the 100% fib extension area. Will reduce position at the 618 and 786 fib ranges also. Bit scared of BTC right no6w, so who knows what ELGD and others will do, but let's see...
Long
by dimuthj
1
BTC bitcoin may have one more downswingI believe it might go to 57k. but from where is harder to guage. could manage risk at the weekly H4. With optimal entry at H3 area The reason I believe it will go to 57k is because that is the new monthly central pivot point area. And over the last 4 years or more... only TWO months did not see price test the monthly pivots. However if the Weekly h4 is broken on a daily close. I think it may reverse to this point from around 67k instead. Be careful here reguardless of what you do
by Gunslinger2005
1