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NIFTY50: INSTITUTIONAL LEVELS FOR 29/10/2024 NSE:NIFTY QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
NIFTY : Trading Levels and Plan for 29-Oct-2024 Intro: On the previous day, Nifty displayed a upward movement from the provided levels in yesterdays trading plan and minor fluctuations within key levels. The chart illustrates potential sideways movement in yellow , an expected bullish trend in green , and a bearish trend in red . For today's trading, we will observe various opening scenarios and outline strategies accordingly. Trading Plan for 29-Oct-2024 Gap Up Opening (100+ points above) If Nifty opens with a 100+ points gap up, it is likely to face resistance near the 24,453 - 24,563 range, which is marked as the Opening Resistance / No Trade Zone . Observe price action here. If Nifty sustains above 24,563 , it may target the Profit Booking Zone around 24,715 - 24,759 . However, if it fails to break above the resistance, expect a potential retracement towards the Opening Support at 24,282 . – In case of strong selling pressure, Nifty could pull back further, aiming toward 24,162 as a potential support. Flat Opening (within 50 points of the previous close) With a flat opening, focus on the initial 30 minutes to gauge market sentiment. If prices sustain above the 24,453 level, we may see a push toward 24,563 . A breakout above 24,563 will likely lead to a bullish trend targeting Profit Booking Zone at 24,715 - 24,759 . However, if it fails to sustain above the No Trade Zone , expect sideways movement or a dip toward 24,282 . – Any move below 24,282 could potentially extend towards 24,162 , testing the Last Intraday Support level. Gap Down Opening (100+ points below) In a gap-down opening, monitor the 24,282 level as the immediate support. If it holds, Nifty may attempt to retest the Opening Resistance Zone around 24,453 . A breakout above this level could bring sideways or bullish momentum up to 24,563 . Failure to reclaim 24,282 may lead to further downside pressure, potentially pulling prices to the Last Intraday Support at 24,162 . – Watch for price stability around 24,162 if it is reached, as this may serve as a potential reversal point. Risk Management Tips for Options Trading Consider setting a defined stop-loss for each options position based on volatility levels; hourly candle closes can be useful for managing intraday risk. Avoid over-leveraging. In options trading, position sizing should reflect the inherent risk and potential for quick price changes. Utilize trailing stops to lock in profits if Nifty moves favorably. This is particularly effective in highly volatile sessions. Summary and Conclusion Today, focus on the key zones: 24,453 - 24,563 as resistance and 24,282 as support. A break above or below these levels could set the day's trend. Use a balanced approach, aligning with the prevailing sentiment indicated by the chart structure. Disclaimer: I am not a SEBI-registered analyst. This analysis is based on personal views and technical parameters. Please conduct your research or consult a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
Silver - Just Starting The Parabolic Rally!Trading update on Silver ( TVC:SILVER ): Click chart above to see the detailed analysis👆🏻 Silver just perfectly completed the bullish break and retest and is about to reject the next horizontal resistance level. However everything is still significantly bullish and I honestly do expect a breakout soon. Following the previous cycle, Silver might rally another +35% from here. Levels to watch: $34, $45 Keep your long term vision, Philip (BasicTrading)
TVC:SILVERLong
by basictradingtv
14
S&P500: Next bullish wave is underway.S&P500 just turned bullish on its 1D technical outlook (RSI = 57.557, MACD = 35.840, ADX = 41.016) as the price made a rebound last Wednesday on the 4H MA100, right at the bottom of 6 week Channel Up. The 4H MA100 is the level where the last HL was also priced (October 2nd). Morever the 4H RSI hit and rebounded on the S1 Zone. Regarding the bullish waves, both previous ones have recorded at least a +3.50% rise. This is our expectation once more and we are aiming for slightly under it (TP = 5,950). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
XAUUSD: Watch for a Sharp Decline Soon!XAUUSD MARKET ANALYSIS Today, we are focusing on key intraday levels that could influence trading decisions: Support Level: 2734-30 Resistance Level: 2748-50 Upcoming Market Events: This Friday, we have the highly anticipated Non-Farm Payroll (NFP) report, which historically tends to create significant volatility in the market. The data released can lead to quick price movements, offering potential trading opportunities. Monitor Price Action: If the price approaches the support level (2734-30) and holds, it may provide a buying opportunity, signaling potential upward momentum. Conversely, if the price breaks through the resistance level (2748-50), it could indicate a bullish trend, suggesting traders might consider entering long positions. Consider Market Sentiment: Pay attention to pre-NFP sentiment in the market. A strong jobs report could lead to a rally, while a weaker report might trigger a sell-off. Adjust your strategies accordingly. If you find this analysis valuable, please like the idea. Your support motivates us to continue providing high-quality content!
OANDA:XAUUSDLong
by bluechipfx
WTI CRUDE OIL: 1H Death Cross suggests another Low is coming.WTI Crude Oil is bearish on its 1D technical outlook (RSI = 42.281, MACD = -0.560, ADX = 26.062) with the bearish bias evident as in the last 3 weeks the price is trading inside a Channel Down. The formation of a 1H Death Cross earlier today, draws comparisons with the October 15th one. Both price actions found a temporary support on the 1.382 Fibonacci level at the time of the Death Cross but the 1H RSI was rebounding on a bullish divergence. We expect the price to extend replicating that bearish wave and approach the 1.618 Fib eventually (TP = 66.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
Kiwi H1 | Downward trend to extend further?The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.5978 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.5998 which is a level that sits above the 23.6% Fibonacci retracement level and a swing-high resistance. Take profit is at 0.5914 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Bitcoin: The Mission of The Times !!!As soon as November began, many people were already bearish on Bitcoin's long-term prospects, In the past a lot of people were saying things like Bitcoin 100K, creating a goal that was going to be reached right away. But that hasn't happened yet, so a lot of people are turning their backs on Bitcoin. In fact, we all know that there are many things that will affect bitcoin, but what can stop Bitcoin from rising in addition to destroying it, there is no second, and the rise of Bitcoin is inevitable. Many of us have beliefs, different beliefs! I want to say, what kind of faith is to guide us impetuous, impatient! No, then what we should do is to grasp every correction on the inevitable path of bitcoin's rise, make the right strategy, and win!! Wish you all good luck!
Long
by xrrsxrrs
UK100 - WE HAVE TWO STRATEGY TODAY TODAY!Team, yesterday we hit all targets for UK100; we killed the BEAST. Today, we have reviewed our strategy, Strategy 1 - we wait for UK to hit above 8220-24, then we enter LONG with stop loss at 8205 Target at 8242-46 and 8256-63 Strategy 2 - Because we do not want the BOT (market maker) to hunt for STOP LOSS, We will wait for the price to hit 8176-7182; we can ENTER long, With STOP LOSS at 8160-56 Target at 8226-32 and 8245-56
PEPPERSTONE:UK100Long
by ActiveTraderRoom
3
GBPCHF BEARISH FOR 80 PIPSTechnical Analysis Factors: Support Level: The pair may have reached a strong support level where buyers saw value, creating a demand zone that halted the downtrend. Look at previous price action and identify historical support levels where price has rebounded in the past. Oversold Conditions: Indicators like the RSI or Stochastic Oscillator could indicate oversold conditions, prompting buyers to step in as prices are deemed undervalued. Fibonacci Retracement: If this is a pullback within a larger trend, an 80-pip bounce might align with Fibonacci levels (like 38.2% or 50%) from a prior move.
Short
by LORDOFTHETRADERS
TRUMP MEDIA (DJT) Skyrockets After NYC Rally! Next Big Move?TRUMP MEDIA (DJT) Analysis: Trump Media & Technology Group Corp (DJT) experienced a sharp rise in price, gaining over 10% in Tuesday’s pre-market trading following a high-profile rally by Donald Trump at Madison Square Garden. This rally, which attracted a wave of attention, likely fueled the surge in buying interest. The stock closed 21.59% higher the previous day, marking a significant increase. Trade Setup: Entry Point: $30.15 Stop Loss: $20.95 Target Levels: TP 1: $41.53 TP 2: $59.93 TP 3: $78.33 TP 4: $89.70 Technical Indicators: The Risological dotted trend line indicates bullish momentum, suggesting that buyers are stepping in forcefully. With TP 1 already reached, the stock has shown strong momentum, making the higher targets achievable if this rally sustains. Market Sentiment: Post-event enthusiasm and Trump’s push on key issues seem to resonate with certain investor groups, potentially sparking further interest. Given the volume spike to 110.35M, far above its 30-day average, momentum remains high. Outlook: With further upside potential, the stock could reach its higher target levels if the rally and media attention continue to bolster confidence. Keep a close watch on volume and price action to capture potential profit-taking points or to ride the bullish wave to higher targets.
NASDAQ:DJTLong
by ProfitsNinja
Solana - Wave 4Can see a wave count here with anticipated abc/abcde correction leg into the larger wave 4 count. This would line up with post-election rally with a possible fakeout of Head n Shoulders pattern depending on the structure of the correction leg. May be lagging BTC fractal pattern by few days as it does its consolidation retest from ATH rejection. Markets very volatile, a lot of uncertainty with election nearing and mid-east tensions ect. Could see a higher Wave 3 here, but can already count a smaller 5-wave cycle within the larger Wave 3 as it heads into Macro trendline Resistance.
by BiggyBalls