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Pivot Points

Nifty Analysis EOD - April 23, 2025🟢 Nifty Analysis EOD - April 23, 2025 🔴 "Hanging Man Candle on Bullish Trend—Pause or Plot Twist?" 📊 Market Recap: As anticipated from the ongoing bullish structure, Nifty opened with a strong Gap-Up at 24,357, adding +192 Points (+0.79%) to the charts. However, what looked like a continuation day quickly turned cautious. The initial candle marked the day’s high (Open = High scenario, nearly exact) and started a gap-filling move, pushing prices back to CPR. The market respected CPR as a support, then moved back towards its mean (VWAP) where the PDH + R1 zone resisted price action effectively until 1 PM. Post that, Nifty finally broke out, sustained above the zone, and closed at 24,300—still holding gains despite a red candle, which visually seems bearish but technically closes above VWAP + PDH. Hence, a hidden bullish undertone remains. 🕯 Daily Candle Check: Is It a Hanging Man? A textbook Hanging Man candle appears to have formed on the Daily Chart—a bearish reversal pattern that shows potential weakness at the top of a rally. 📌 Candle Stats: Body: 28 points Lower Shadow: 209 points Upper Shadow: 2 points Shadow-to-body ratio: 209 / 28 = 7.4x ✅ Trend Context: Yes, uptrend present ✅ Candle Structure: Meets all parameters 👉 Verdict: Confirmed Hanging Man Candle This hints that selling pressure is gradually creeping in while buying strength might be exhausting. But a Hanging Man alone isn't a trade trigger—confirmation is key. So we watch tomorrow’s session to decide whether it’s just a pause or a trend shift. 📈 Intraday Insight: Head & Shoulders Pattern During the session’s consolidation and bounceback phase, a Head & Shoulders pattern played out intraday with its target being 24,300—achieved successfully by EOD. 🔍 Pattern Recap: This bullish reversal structure shows three dips, with the central one (head) being the deepest and two shallower ones (shoulders). A break above the “neckline” confirmed bullishness—supporting the rebound above VWAP. 📌 Gladiator Strategy Update ATR: 350.19 IB Range: 94.75 (Small IB) Market Structure: Imbalanced 🎯 Trade Highlights: First Trade: Short – Triggered at 10:05 AM — ✅ 1:1.5 Target Achieved Second Trade: Long – Triggered at 13:40 PM — ✅ 1:1.5 Target Achieved Additional Trade (H&S Pattern): Long – Triggered at 11:40 AM — ✅ Pattern Target Achieved 🧠 Index Performance Snapshot: Nifty 50: +161 Points (+0.67%) Bank Nifty: -277 Points (-0.5%), but a new ATH at 56,098 Nifty 500: +152 Points (+0.69%) Midcap: +644 Points (+1.18%) Smallcap: +74 Points (+0.44%) 📌 Key Levels to Watch 📍 Resistance Zones: 24,330 ~ 24,360 24,480 ~ 24,540 24,800 📍 Support Zones: 24,190 ~ 24,225 23,950 ~ 24,000 (Immediate) 23,820 23,660 ~ 23,710 23,500 23,400 ~ 23,430 23,200 ~ 23,190 🧭 Final Thoughts: "Reversal or Reset? Structure is key. When levels work, respect them. When they break, adapt." ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
BTC Yearly Camarilla PivotsSo Camarilla pivot points is how I generally trade. Daily, weekly, and monthly usually. However let us pull up the yearly Camarilla on Bitcoin and take a look. These levels were plotted on January 1st and we can see that the bottom so far was hit to the dollar on L3 which is the projected range bottom. Short term I think there could be a pullback. However I would not be suprised to See if we strike Yearly H3 this year before this bull cycle ends. I think anyone calling for crazier targets than that is going to be very wrong. Maybe a wick beyond... but I do not think 150k to 250k s coming in this cycle. The cycle is already mature and in my honest opinion a run up to H3 might be the best we can hope for. Let us see
by Gunslinger2005
Is DOGE Ready to Explode? Daily 1D Analysis with a 100% BullishThe overall power and main direction of Dogecoin is bullish. A healthy correction has recently occurred on the chart, and a 3D (three drives pattern) has been observed at the bottom, suggesting that sellers and those holding sell/short positions are currently exiting the market. From the demand zone, we expect the price to move toward the specified targets. A daily candle closing below the invalidation level would invalidate this analysis Do not enter the position without capital management and stop setting Comment if you have any questions thank you
by iMoneyTeam
MKR Falling Wedge Breakout + Target & Key LevelsBINANCE:MKRUSDT just broke out of a 1-year long falling wedge, see 1D zoom below. Further confirmation would be either: • Daily retest of the resistance as support • Weekly close above the resistance Key Levels to Watch Aside from the demand zone, these are all potential resistances and good candidates for partial TPs. • $520-$720: Key demand zone. A break below it would invalidate any bullish setup. • $1600-$1800: Daily sell order block, and the first resistance to overcome. • ~$2000: 0.382 fib of the move down, and HVN*. • $2300-$2400: 0.5 fib of the move down, daily sell order block and previous support • ~$2800: 0.618 fib of the move down, and HVN*. • $3800-$4000: Daily sell order block, and 2024 high. The falling wedge measured target is $3700 . * HVN = High Volume Node
Long
by AliferCrypto
Dogecoin 🚨 Dogecoin at a turning point! 💰 Price is hovering around 0.15842 dollars, moving within a symmetrical triangle. Right at the intersection of dynamic resistance and a descending trendline 📉. A breakout above 0.16643 dollars could pave the way for a rally toward 0.17830 and even 0.19401 dollars 🚀 But if sellers take control and price gets rejected 🔻, supports at 0.14632 and 0.13850 dollars come into play. Further pressure could push it down to the key support at 0.12980 dollars. 📊 With tightening price action and approaching the triangle’s apex, a breakout in the coming days seems likely. The big question: who’s in charge — buyers or sellers? 🤔 📈 Breaking 0.16643 = buyer strength 📉 Rejection = seller dominance
Long
by EhsanZeydabadi
6
BONKE Set to Surge: Big Pump Incoming! (12H)At the top of the chart, there is a liquidity pool that is expected to be swept soon. There are two bullish iCHs visible on the chart, along with a double bottom pattern. The descending trendline has also been broken. If the Key Level support holds, the price could move toward the red box area. A daily candle close below the Key Level would invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3