Slope breakdown. Active coin, large volumesThe asset fell for a long time. Got a little selling. A strong inclined level has also formed, which the price has impulsively broken through and is trying to gain a foothold. Volumes are rising. There are grounds for a reversal. I expect a retest of the incline and movement towards the marked targets.
Levels
Updates of how price performs at weekly given levels.👉From Central pivot level of 7278.60 #bajfinance made low 6942.30🎯🎯
👉 Fall from CPR Levels to Weekly S2 Level Of 6942✅
👉Price Falls to the Weekly S1 and S2 levels and hit the two weekly targets🎯
👉 1 St Target :- 7278.60 To 7067 (#S1)🎯
👉2 nd Target :- 7278.60 To 6943 (#S2)🎯
👉 Fall of (+336.3 Points ) ✅✅
👉Refer Chart for accurate Levels of Central Pivot Range ✅✅
BIRLA CORP ANALYSIS!!i have determined the trend and great levels for buying and selling the stock. its a bit volatile market for this stock, but one can earn if he/she has a proper determined plan to trade such type of stocks.
ANALYSIS:
1. BLACK LINES are the different chart pattern trends.
2. BLUE LINES are the good levels to buy/sell the stock
3. PURPLE LINE is for the shorter swing trade, saying stock trading rs.909 is good to buy till 1160. if breaches, then all the way too 630.
4. ARROW MARKS & THE CIRCLES: everytime the stock broke the 970 level, it gave a very good upside movement, a level to watch out for.
4hr analysisLast week, I showed the possible double bottom that former on the 4hour chart, market typically moves in 3levels, on the 28th September, we had the second leg of the double bottom, price pushed up since then.
Sometimes after a 3 level push, interday trading, we either have a reversal, or a continuation. On the smaller time frames, we have gone up 3 levels from September 28, price then came back down for a retest on the 4hr chart, which was a fake reversal on the smaller time frames, if you see last week, I mentioned a possible double top for a reversal, this drop lasted 1 session, and continued up on the 12 October. This began a new 3 level phase on the smaller time frames.
But when we look at the 4hr chart, the bigger picture is showing that we are only at the end of the second leg of the swing/long term trade.
So with this being said, I am still expecting buys, and have jumped into another buy from 168.260 after I had a retest on my support on the 1hr time frame. So for now I will swing this buy until tomorrow or whenever price give a reversal pattern on the higher time frame
NIFTY 50 for tomorrow - 19 October 2022Nifty opened above the resistance zone , as we discussed in yesterday's post.
We saw a good move in the first hour forming a bull candle.
Then prices just consolidated within the range of the first-hour candle, the entire rest of the trading session.
Expectation for tomorrow
- Might open flat or gap up
- Move towards 17530 - 17560
- if opens gap up above 17530, the price would move fast towards 17630- 17650
Immediate support 17400- 17420
Today's closing 17490
GBPJPY EXPECT TO SEE A REACTION TO 168 LEVEL!Price made the move I was expecting just never gave me a clear sign to enter after been stopped at breakeven the first time. We are running into a huge area of resistance now at 168.000 so I expect to see price slow down from here, so ill be hunting some short once again if we see the right formations from there.
Levels are important I wish level should work
I just given all the levels which I marks in Bank Nifty this how are important level because it's create heavy supply and demand on that zone and market mein react on that zone because at that point market get a signal from their market have to go up or go down by that level and that level is technical levels which are given in the chart with my 10 years of experience so you may continue to do with this it is for educational purpose
INFO EDGE(NAUKRI.COM), PATH!! BREAKOUT!!i am waiting to trade on a good breakout, on the 1st week of November.
Naukri, is a good stock.
PLEASE do have a good look at the colours.
1. the two dark black lines are the actual target what i am aiming for.
2. the dark purple line is the resistance which is tested multiple times.
3. minor blue lines are the levels, where one should look at buying for dips, or buying for averaging out(if stock is in short run).
MOVING AVERAGES ARE JUST FOR REFERENCES, FOR A SMALL LOOK AT IT! ITS NOT SAYING MUCH
FIBONNACI RETRACEMENT LEVEL OF 0.618, GREAT SUPPORT TO BUY.
NIFTY 50, LEVELS!!!this levels are based on the my analysis. when the makret consolidates meaning comes in a range after some big move, a great support and resistance lines can be formed.
levels can also be formed, where and which level did market respect based on opening and closing time. market giving respect meaning both buyers and sellers had agreed to that level.
i will soon post the patterns, and those trend lines formed by nifty. so stay connected!!
i have not drawn levels from 16828 till bottom. BECAUSE I DONT BELIEVE MARKETS WILL GO DOWN, this analysis is been posted and you can check in the link sections
types of pullbacksIn this lesson, I shared with you the types of pullbacks
Be careful, pullbacks are breaks in the middle of the trend
Poolbacks do not have the strength of main steps
In my opinion, the best type of trading with pullbacks is to recognize the completion of these corrections patterns so that we can move in the direction of the trend at the right point.
Of course, it depends on your trading time frame.
MANAPPURAM levels, and waves!!"when a stock falls in such a fast movement, it rises based on supporting its fall".
the stock is in the range of 0.618 of FIBONNACI
good time to enter to take the advantage of 3rd wave.
stock will rise from Monday onwards.
targets are mentioned.
purple line shows the actual value the stock should be trading at. so the stock is available at a lot discount. one can go on putting more money on every time, when it falls during its rising.
ASO Playing a Bounce off SupportAcademy Spots & Outdoors, a wonderful long time company that has been around years, and more recently on the market is fundamentally bringing in more gross revenue and profits every quarter.
Fundamentally, this company is an A+ and is coming in with a 5.5 P/E Ratio.
Technicals Wise, we are seeing ASO bounce off a very strong Triple Support Level.
This is a super strong piece of support, and is seeing lots of buyers coming in to ASO at this Level.
ASO has also been in a bullish wedge formation, and is attempting a break up here off this bounce.
Retail has been sold off entirely through the past few months, and is starting to shape a reversal.
Ways to play :
Shares
Apr. 14 $40c or $45c
Many other ways too.
I strongly believe this is a great LT and or Swing entry to ASO.
SUPRIYA LIFESCIENCE, LEVELS!!supriya lifescience is a good company, with a good fundamentals and increasing profits. lastly it has a good profit margin too.
pharma sector is a most toughest sector to analyse.
still with a help of technicals and price action we can make it easier.
targets are mentioned, the stock is following certaining support levels, no movement in the stock for certain continuous days, let see for a movement, and then take the trades.
top of that nifty pharma will get its impulse move soon. (check links part)
note: not a gurrantee investment idea, just ofr nalysis part and education part.
Bitcoin support/resistance levels and zones in daily timeframeBitcoin is in a decisional zone and as show in the chart, the main supply and demand zones in daily timeframe are 17600 as support and 24260 as resistance . these zones are accompanies with a " Price Inefficiency " or as you might have heard " Fair Value Gap ". please refer to the ideas chart to check the zones.
basically waiting for each of these zones to be broken and to be accompanied with a pullback to that zone is the most logical strategy at the time being. the zone which is broken can also work as a stoploss in case of an entry.
for the sake of listing a possible strategy:
wait for the any of the above mentioned zones to be broken with a candle body not a shadow.
wait for the pullback for entry.
set a stop loss on top of the broken zone in case of a short position or on the bottom of the broken zone in case of a long position.
calculate you position volume based on the stop loss and your risk tolerance.
having a clear strategy and patience is the key to the game.
BTCUSDT Short term and Long term UPDATEHey everyone, I recorded a video quick video so I wouldn't have to type a million words. I told you previously that we were waiting for a bear market rally, and we got it. Everything else is in the video. I will be back in October when my studio is set up at my new my place. Thanks again!
BTC long idea Plan and Triggerthis is also not a prediction but a plan for the long side of this trade.
BTC is currently holding the R2-H, if it gets above the and hold's that Green S/R level, breakout of falling resistance and gets above EMS on 30 min chart and 1 hour chart, That's will be the trigger for a Long to Range H, Target 1 and Target 2