Nifty and Bank Nifty analysis for tomorrow, 28th AugustNifty prediction and Bank Nifty analysis for tomorrow Wednesday, 28th August #niftyprediction #banknifty
Pivot Points
Shriram Finance-Bullish Swing- Chance of breakout!! NSE:SHRIRAMFIN
01.08.2024
Buy 2987
Target 3137
Stop Loss 2837
Risk :Reward- 1:1
1. Inside bar breakout
2. Very good retracement after consolidation breakout.
3. Resistance turned to support zone
at 0.382 Fibonacci
4. Reducing volumes in bearish candles and
good volumes in breakout candle
5. Price failed to reach support after creating double top
Eicher Motors LtdThis chart depicts a recent setup for Eicher Motors Ltd. on an hourly time frame. The setup shows a potential long position with the following parameters:
Entry: Around 4,862.40 INR
Target: 5,090.25 INR (4.74% potential upside)
Stop Loss: 4,783.20 INR (1.58% downside risk)
Risk/Reward Ratio: 3:1
The price appears to be forming a potential reversal after a pullback, and the trade aims to capitalize on a possible upward movement towards the recent resistance level. Volume indicators and previous price action suggest this could be a favorable risk-reward setup for traders looking to go long in the short term.
Bullish Setup with Favorable Risk/Reward in JK Cement LtdThis daily chart of JK Cement Ltd. shows a bullish trade setup with a clear risk/reward ratio of 2.39. The entry is placed at ₹4,454.70 with a stop loss set at ₹4,254.70, marking a downside risk of 3.41%. The target price is ₹4,763.60, providing an upside potential of 8.15%.
The recent bullish price action suggests a continuation of the uptrend, supported by strong buying interest. The trade is designed to capitalize on this momentum, with a calculated position size to manage risk effectively.
Key Levels:
Entry: ₹4,454.70
Stop Loss: ₹4,254.70 (3.41% risk)
Target: ₹4,763.60 (8.15% upside)
Risk/Reward Ratio: 2.39
Analysis: The trade setup offers an attractive risk/reward profile, with potential gains outweighing the risk by a factor of 2.39. Traders should monitor the price action closely as it approaches the target level and consider adjusting stops to lock in profits as the trade progresses.
H1 XAUUSD entriesFrom my perspective for next week's trading, I have identified two POIs for my short entries. I used the Fibonacci extension on the H1 timeframe for these entries. The first entry is at the midpoint of the order block, and the second is at the 2.88 Fibonacci extension level (2525.07). I haven't set the TP yet, and the SL level is 2535. Cheers
Btcusd buyFilled in the imbalance, liquidity to take on top, liquidity taken, breakout to the upside, bullish market structure
Btcusd buyFilled in the imbalance, liquidity to take on top, liquidity taken, breakout to the upside, bullish market structure
Blur trade ideaLooking for a short term short on blur
Risky trade as btc could be on the verge of breaking out
Although if it doesn't then this will happen quickly
Will be watching each of the short levels and looking to take a position in any depending on how price reacts
god bless, enjoy living
XAUUSD - Supply and Demand ZoneGold recorded a new ATH last week
Gold is trading in its ascending channel and has moved up from the demand zone of the previous analysis
You can profit from your purchase transactions and watch the market fluctuations
In the following, we will look for gold buying and selling situations in the drawn supply and demand areas
Nifty and Bank Nifty analysis for Tuesday, 27th AugustNifty prediction and Bank Nifty analysis for tomorrow Tuesday, 27th August #niftyprediction #banknifty
Bitcoin - Will the rise of Bitcoin continue?!Bitcoin is above EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel
The current price range will be very important in terms of determining the future direction of Bitcoin
In case of risk off in the US stock market or capital withdrawal from Bitcoin ETFs today, after the bottom of the ascending channel breaks, we can see a downward trend
In case of continued risk on in the US stock market or the entry of capital into ETFs, the path of climbing to the supply zone will be paved, and we will look for bitcoin sales positions in the supply zone
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
OM is the futureThe RWA tokenization trend is exploding!
Goldman Sachs joins BlackRock, CitiBank, and JP Morgan in the race. But guess who's been quietly dominating? $OM.
@MANTRA_Chain, #2 in #RWA space, has grown 4x in 3 months while others faltered. Solid tech, real growth, huge potential.
The future of finance is here, and it's powered by #MANTRA.
Porsche - Long1H Hammer, 4H in PB&J, Monthly at Yearly Pivots S3 and 127.20 extension support (currently Doji), Daily bullish divergence. Daily Trading The 9 strategy long.
R/R 1.7📊Analysis by AhmadArz:
1. Range 📉:
- The price has been fluctuating between support and resistance levels. After breaking out of this range, the trader enters the trade.
2. Entry Point 🚀:
- The entry point is at 2742.55 USDT. The trader initiates a buy position after the price breaks above a key level.
3. Take Profit 🎯:
- The target profit is set at 2786.71 USDT. The trader expects the price to reach this level and close the trade with a profit.
4. Stop Loss 🛑:
- The stop loss is placed at 2721.97 USDT. If the price falls to this level, the trade will be closed with a loss.
🔹 Summary: The trader is using a breakout strategy, expecting the price to rise, and has set clear entry, exit, and stop-loss levels for the trade.
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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TSLA has multiple daily demand zones converging.NASDAQ:TSLA has several daily demand zones converging below today's low. This may provide an intraday short opportunity tomorrow, followed by an opportunity to add equity long into these demand zones for a move higher in the coming days, as long as the daily 50 SMA is held.
