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Indextrading

Banknifty impulsive moveBanknifty saw a super trending move in today's session. It opened a gap up Formed Bull candle in the first trading hour, usually, first-hour price movement sets the tone for the whole day and bingo banknifty saw trending candles all throughout the day. Now, it closed near the Highs, from where we saw a sharp correction in Feb 2021, thus this area might again serve as resistance, and bank nifty might go sideways or correct a little bit from here. Though the structure is good on all the timeframe, hence sustaining imp support levels, any correction if comes, would get utilized in fresh buying. Immediate support for swing traders is around 36470. The hourly chart gives support around 36860-36830 Rsi is overbought hourly, any sharp correction may come, which might scare late jumpers in the index, hence always trade with a plan
NSE:BANKNIFTYLong
by manuagarwal21
1
S&P 500 The trend is not stoppingHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ A Bullish trend started in November where the SPX index started moving up in an Ascending Channel and the trend kept giving Bullish signals where we kept getting higher highs and higher lows. The S&P 500 jumped to record closes for a third straight day on Thursday, with mega-cap technology stocks driving the market higher as investors warmed to jobs data showing a steady U.S. economic recovery. The index price is still not showing any signs of weakness and most likely the Index movement for the next period of time will be like this : Scenario 1 : The Index price is at 4429.29 trendings near the first resistance level at 4460.08 and it's gonna try to breakout of that resistance line if the Bulls were able to keep control then we could be seeing the S&P going even further and hitting the resistance levels at 4483.64 or even 4527.08. Scenario 2 : If the bulls try to make a move now then we will see a drop in the price that's gonna be headed to near the first support line at 4393.08, where the Bulls and the Bears will battle over control of the trend, The bulls are most likely to win since we have no signs of a reversal yet and the result will bounce the price back up to near the resistance level at 4460.08. Technical indicators are showing this : 1) The S&P 500 index is trending above the 5 10 20 50 100 and 200 MA and EMA (Bullish Sign) 2) The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between The MACD line and The Signal line. 3) The STOCH is in the overbought zone and has been trending there for the last 10 days, With a positive crossover between %K (98.94) and %D (95.92). 4) The Ultimate Oscillator is at 63.704 giving a Bullish sign Support & Resistance points : support Resistance 1) 4393.08 1) 4460.08 2) 4349.64 2) 4483.64 3) 4326.08 3) 4527.08 Fundamental point of view : The IGCS gauge (IG Client Sentiment Report) implies that 31% of retail investors are net-long the S&P 500. Upside exposure has increased by 1.62% and 9.07% over a daily and weekly basis respectively. The fact that traders are net-short hints that prices may continue rising. The combination of this and recent changes in sentiment are offering a stronger bullish-contrarian trading bias. All three main equity benchmarks closed higher Thursday and the Dow and S&P 500 booked a third straight record finish after fresh labor-market data provided insight on the pace of the recovery. The moves for stocks came even as a reading for wholesale inflation came in hotter than expected. the S&P 500 index SPX, +0.30% advanced 0.3% to 4,460, led by gains in health care XLV, +0.79% and technology XLK, +0.57%. The S&P 500 closed at records in three consecutive sessions for the first time since March 15. According to Marketwatch This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
SP:SPXLong
by GabiDahduh
5
Anyone else shorting US30 👋🙋‍♂️Entry details are shown on the chart. Been in the trade a few hours now. The strategy is automated for me. Working the H1 time frame on this strategy. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. Part of last trade shown on chart which was a long. Didn't hit TP3 but closed for a profit on the short trade presenting. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
UShort
by pow_removetheguesswork
US 30 the next few weeks can be decisive. The us30 is currently moving in a large triangle. However, due to the increasing volume and the advanced consolidation, a breakout can be assumed soon. Personally, I think an upward breakout to new all-time highs is likely. Simply because it is always more likely that a trend continues than that it breaks. In the event of a breakout, it is certainly easy to find stocks within the DowJones that are doing very well. A successful week and always good trades.
U
by Ichimoku-Trading
US30 looking to go 3 out of 3 🎯Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. Previous trade was covered by myself yesterday in a trade idea please see below. Lets see if this trade can make it three out of three TP hits. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
UShort
by pow_removetheguesswork
US30 long now valid 🙌☝️First US30 trade of the week has alerted. Our script says it's time for a long after a successful sell closed out last Wednesday. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
ULong
by pow_removetheguesswork
1