Banknifty Shorting Opportunity [21st Jan 2021]Shorting opportunity in Banknifty future if it opens below 32490 with a Stop Loss @ 32620. In case, if Banknifty opens above 32620 and hold for some time then please avoid the setup.
Tomorrow morning look for any rejection candlestick patterns like Bearish Engulfing, Hammer, Shooting Star or any other.
1st Target: 32380-32390
2nd Target: 32240-32260
3rd Target: 32125-32140
4th Target: 32040-32060
In case Banknifty breaks 32000 level, then 31500 might be tested. However, 32000 acts as strong support zone. So, better trade cautiously
Happy Trading!!
Price-action
TATAMOTOR DVR Clear Breakout Enter into TatamotorDVR for Long-term investment (Holding Period for more than 6 months).
Lupin: Probable Trade Setup [Investment Opportunity]Long opportunity in Lupin, as it has given breakout. All you can do is to enter into a trade near the zone. Let it retest its swing low, so that risk-reward ratio become favourable.
Note: Wait till you get rejection candle in daily time frame near the zone.
BTCUSD Trading ideaAt this moment to know the direction of the cryptocurrency bitcoin is unknown but as far as i know, if btc price is going to drop for a retracement, first they have to shoot up as high as possible after wiping off the retailers and the intuitional would be cashing out when all the early buyers enter the market. so selling at this point is very very risky and also buying it now is the most stupidest thing to do as the margin of safety is super low
.
at this moment the best thing to do is just wait for btc to give a very good bargain price to enter in the market. wait for the super spike up and then it will slowly drop when others will be buying massively.
.
do not be a sheep following the price and when its too high and start dropping then you will be the troll buying at the highest price.
#BTC #Bitcoin AnalysisBitcoin broke the resistance of the previous ATH with a volume higher than the previous one, although not the largest of the full cycle. A bullish channel has formed that had two small breakouts with throwback.
The price action is above $ 34,000, which remains above the support of $ 33,300 the probability of continuing to rise remains. In addition, the overbought pressure indicated by the indicators has decreased, which could lead to a continuation of trend (some divergences are no longer important).
However, if momentum falls, we could see a pullback again that would move between the $ 30,000 and $ 33,300 supports, and the simple moving averages that would act as dynamic supports.