#Nifty50 Wave Analysis Nifty EV view suggesting small bullish momentum in this time in chart
@17800 a very good support i didn't think the market would break that easily,,,,,,,,,,
And charts and sentiments are also showing bullish
Wave B nearing end,,, my analysis says this time nifty will be ready to touch 18500 level
Wave C ????????????
Investment
Theoretical imagination.Nice day.
Here I prepared classic bars on 4 hours with some brand new edits.
Something, that probably should not play out very exactly.
However, this is how my personal image really looks in my mind with according to my own market overview...
There is high around 20500 Dollars, which I mentioned in my previous TA and - corresponding with higher high, MA and also important red ring.
It would act as heavy short sellers point to watch, so I extracting ~40% Bear flag from previous bars, as I awaiting.
If I have to speak about bottom, this would be it.
When everyone longs, I am trying to find contrary options in this extreme economic avalanche.
Never go with herd. World isn't sure place as we know. Rather nothing, than buy everywhere.
That's how I am looking into risk assets after years. And it works.
Always with care and ready,
Emvo.
*This is not any financial advice.
I am sitting ready on my alert.Nice weekend to everyone.
This time, I will post major channels with Fib Circles on price line chart.
It is simple so you can easily read and monitor.
It is based on my previous chart.
Bitcoins are in downtrend until breaks and hold above red circle ( about 20500 usd ).
Green circle is support dragged until Spring. Lows was made on it in November 2022.
Another touch would lead to my buy zone.
Everything depends on how long it takes to get above or below, and nobody knows.
To me it's more likely to the downside.
New lows are only 9% below, so I will sit ready on my alert ( 11-14k ).
That's, were DCA just starting.
Yours Emvo.
*This is not any financial advice.
Dividend king. Investment idea.I really like this stock. I'm holding hundreds since several months ago for the dividends and is a cheap stock (Yield 9.58%-$3.54 a year). This is the perfect time to buy and hold forever. Here is the strategy that I do, is very simple. Just buy at least 100 stocks, and keep buying on a drop 100 more and so on depends on your risk tolerance and cash available. Every time the stock is about to drop, write one or more cover calls depending how may are you holding.
Real case holding 100 stocks:
Dividend payout (every quarter): $3.54*100/4 = $88.5 this is what you get paid every quarter for holding 100 stocks
The stock was trading at $40 a few weeks back, that is a strong resistance and I thought it wasn't going to break it at the first attempt so I just wrote a cover call that expired in two weeks and strike price $40 for $70. The price dropped, it couldn't break the resistance, the two weeks passed and the cover call expired and I made $70 for each cover call. If I would have written a cover call that expired in a month I would have made $120. And now the stock is turning back up, I'm buying 100 more this upcoming week, I'm still holding all of them and getting my dividends paid each quarters. So just by holding 100 stocks and writing cover calls each time is about to correct for a year you can make more than $500 ($354 in dividends and the rest in cover calls approx.).
Hope it helps.
Bank nifty prediction for weekly expiry target 43450+++
Bank nifty prediction for weekly expiry
Condition -1️⃣Gap up
If the bank nifty open 150 to 250 point up side.. then wait for a small correction and go for long on dip
Condition -2️⃣ Flat
If bank nifty opened flat around @43000 near then go for 43500+ directly long with 42800 Stop loss
Key Factors
h&s format on 30m chart
RSI <40
sentiment bullish
AUDCAD Investment Plan - 30/Dec/2022Hello Traders,
Hope you all are doing good!!
I expect AUDCAD to go Down after finishing the current correction in LTF.
Look for your SELL setups.
Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea