Nifty range setup for 1st Aug | Expecting a retest Overall Structure : Uptrend
Index components : Bullish Neutral Correlation
FGI Sentiments : Low Risk - 81.90↑ Indian & 42↑ Global
Insider Data : Bullish, PCR: 1.26↓, IVP: 20↓, IV: 14.1↓, VIX: 16.55↓ (21/27)↓
↑Up : 17240, 17330, 17440. 17550, 17650.
↓Down : 17050, 16930, 16830, 16750, 16650.
Market Opening(*Expected): Gapup to Downward
Activity : Short Buildup/Short Covering (rebalancing),
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Conclusion: Nifty may move up towards 17500-17700 by the coming month after a retest. (Connect for more tips)
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@21:00 IST)***
Reversalpoint
DUOL Overview and Prediction
In the most recent two-quarters, DUOL has sold off ahead of earnings and then rebounded sharply after reporting earnings beats. Coming into this quarter price action is reversed. DUOL has experienced a strong rally from a quarter ago, clocking in over a 50% gain from the lows of their Q1 2022 earnings in May. This bullish short-term momentum might just be stomped out by this quarter's earnings.
The technical picture for DUOL is somewhat poor, especially in recent trading days. The support trend line has held nicely with three consecutive touches and rebounds. However, with a major event coming up (earnings on 8/4), DUOL may slide well below this support trend line and revisit support zones at/around 84.8, 75.4, and 66.55. The recent bull run makes me increasingly confident in this thesis, as earnings would have to be out of this world positive for any substantial upside gain in my opinion.
Fundamentally, DUOL appears weak. Simply put, Duolingo is overvalued and generates negative profits. There are way too many macroeconomic/geopolitical issues for tech and growth to perform well (at least for the coming 2-3 years). The idea that DUOL, an IPO with no earnings and expected revenue for this year at 267 mil should be valued anywhere near 4 billion dollars seems a bit foolish.
Duolingo's weak technical and fundamental health combined with an unprecedentedly problematic global macro picture prompt me to predict the following: It is a matter of time until this stock falls and eventually forms new lows. It may not be this quarter's earnings that trigger DUOl's stock to move lower, but it will happen eventually... unprofitable growth is the wrong place to be in this environment.
As always this is not meant to be trading advice. Good luck!
Nifty range setup for 22nd July | A Retest Expecting for upmoveOverall Structure : Sideway
Index components : Bullish Neutral Correlation
FGI Sentiments : Low Risk - 76.30↑ Indian & 41↑ Global
Insider Data : Bullish Neutral, PCR: 1.33↓, IVP: 32↓, IV: 15.4↓, VIX: 16.85↑ (23/29)↓
↑Up : 16650, 16700, 16800. 16900, 17000.
↓Down : 16500, 16425, 16350, 16300, 16200.
Market Opening(*Expected): Gapdown to up
Activity : Short Buildup/Short Covering (rebalancing), Nifty may move up towards 17000-17500 by coming month.
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes.
Conclusion: Avail on Request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@23:00 IST)***
Nifty range setup for 21st July | Consolidation/Retest ExpectingOverall Structure : Sideway
Index components : Bullish Neutral Correlation
FGI Sentiments : Low Risk - 75.40↓ Indian & 40↑ Global
Insider Data : Bullish Neutral, PCR: 1.39↑, IVP: 42↑, IV: 16.4↑, VIX: 16.82↓ (24/30)↓
↑Up : 16600, 16700, 16780. 16850, 16900.
↓Down : 16450, 16350, 16250, 16150, 16000.
Market Opening(*Expected): Flat Consolidation
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, political election scenario, Employment risks, GST Rate Hikes.
Conclusion: Nifty may move up towards 17000-17500 by coming month.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@21:00 IST)***
Nifty range setup for 20th July | Required Trend ContinuationOverall Structure : Breakout
Index components : Bullish Correlation
FGI Sentiments : Low Risk - 77.85↑ Indian & 33↑ Global
Insider Data : Bullish, PCR: 1.36↓, IVP: 38↓, IV: 16.0↓, VIX: 17.30↑ (24/30)↓
↑Up : 16400, 16450, 16500. 16550, 16650.
↓Down : 16250, 16200, 16150, 16100, 16000.
Market Opening(*Expected): Gapup to Downward
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, political election scenario, Employment risks, GST Hikes.
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@21:00 IST)***
Nifty range setup for 19th July | Follow the Impulsive StructureOverall Structure : Breakout
Index components : Bullish Correlation
FGI Sentiments : Low Risk - 76.06↑ Indian & 30↑ Global
Insider Data : Bullish Neutral, PCR: 1.38↑, IVP: 39↓, IV: 16.0↓, VIX: 17.16↓(24/30)↓
↑Up : 16350, 16400, 16450, 16500. 16550, 16600.
↓Down : 16220, 16150, 16050, 16000, 15950, 15900.
Market Opening(*Expected): Flat-Doji day
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, political election scenario, Employment risks,
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@22:00 IST)***
Nifty range setup for 18th July | Follow the structural baseOverall Structure : Neutral
Index components : Volatile Correlation
FGI Sentiments : Neutral - 64.16↑ Indian & 27↑ Global
Insider Data : Bullish Neutral, PCR: 1.11↑, IVP: 39↓, IV: 16.0↓, VIX: 17.60↓(24/30)↓
↑Up : 16050, 16130, 16180, 16220. 16260.
↓Down : 16000, 15950, 15850, 15800, 15750.
Market Opening(*Expected): Gapup Neutral
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, political election scenario, Employment risks,
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@21:00 IST)***
Nifty range setup for 15th July | Follow the structural baseOverall Structure : Bearish Neutral
Index components : Negative Correlation
FGI Sentiments : Bearish Neutral - 62.45↓ Indian & 22↓ Global
Insider Data : Bearish, PCR: 0.86↓, IVP: 43↓, IV: 16.5↓, VIX: 18.34↓(27/34)↑
↑Up : 16000, 16050, 16120, 16170, 16250. 16300.
↓Down : 15900, 15850, 15800, 15750, 15700, 15650.
Market Opening(*Expected): Flat to Up
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, political election scenario, Employment risks
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@23:00 IST)***
Nifty range setup for 14th July | Retesting for a impulsive moveOverall Structure : Bearish Neutral
Index components : Negative Correlation
FGI Sentiments : Neutral - 69.52↓ Indian & 24↓ Global
Insider Data : Bearish, PCR: 0.60↓, IVP: 82↑, IV: 23.7↑, VIX: 18.52↓(27/33)↑
↑Up : 16030, 16100, 16150, 16200, 16300.
↓Down : 15900, 15850, 15800, 15750, 15700.
Market Opening(*Expected): Gapdown to Upward
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, political election scenario, Employment risks
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@23:30 IST)***
Nifty range setup for 13th July | Range holds for TurnupOverall Structure : Range
Index components : Neutral correlation
FGI Sentiments : Neutral - 76.05↓ Indian & 27↓ Global
Insider Data : Bearish, PCR: 0.67↓, IVP: 68↑, IV: 20.3↑, VIX: 18.54↑ (26/33)↑
↑Up : 16150, 16200, 16270, 16350, 16400.
↓Down : 16000, 15950, 15900, 15850, 15800.
Market Opening(*Expected): Up to Downward
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, political election scenario, Employment cost hike
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@23:30 IST)***
Nifty range setup for 12th July | Range holds for TurnupOverall Structure : Range
Index components : Neutral correlation
FGI Sentiments : Bullish - 76.62↑ Indian & 28↓ Global
Insider Data : Partial Bullish, PCR: 1.14↑, IVP: 63↑, IV: 18.8↓, VIX: 18.36↓ (26/32)↑
↑Up : 16300, 16350, 16400, 16450, 16500.
↓Down : 16150, 16100, 16000, 15925, 15850.
Market Opening(*Expected): Flat
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, political election scenario, Employment cost hike
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@23:30 IST)***
Banknifty range setup for 11th July | Pullback to Retest Overall Structure : Uptrend/ Bullish range
Index components : Bullish Neutral correlation
FGI Sentiments : Bullish - 68.63↑ Indian & 30↑ Global
Insider Data : Neutral, PCR: 1.05↓, IVP: 19↓, IV: 19.2↓, VIX: 18. 40 (24/31)↓
↑Up : 35430, 35660, 35950, 36220.
↓Down : 34900, 34660, 34440, 34200.
Market Opening(*Expected): Flat
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, and political election scenario.
Conclusion: Market may fall to retest at a key level.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@22:30 IST)***
Nifty range setup for 11th July | Pullback to Retest at keylevelOverall Structure : Uptrend/ Bullish range
Index components : Bullish Neutral correlation
FGI Sentiments : Bullish - 68.63↑ Indian & 30↑ Global
Insider Data : Neutral, PCR: 1.09↓, IVP: 40↓, IV: 15.9↓, VIX: 18.40(24/31)↓
↑Up : 16300, 16350, 16400, 16450, 16500.
↓Down : 16150, 16100, 16000, 15925, 15850.
Market Opening(*Expected): Flat
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, and political election scenario.
Conclusion: Market may fall to retest at a key level.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@22:30 IST)***
Nifty range setup for 8th July | Turned for an Impulsive moveOverall Structure : Uptrend/Bullish range
Index components : Neutral correlation
FGI Sentiments : Bullish - 63.54↑ Indian & 28↑ Global
Insider Data : Bullish, PCR: 1.23↓, IVP: 51↓, IV: 17↓, VIX: 19.20(26/32)↓
↑Up : 16200, 16250, 16300, 16350, 16450.
↓Down : 16050, 16000, 15920, 15850, 15750.
Market Opening(*Expected): Gap up
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, and political election scenario.
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@21:30 IST)***
EURCHF I Intraday & Scalp PlanWelcome back! Here's an analysis of this pair!
**EURCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
Nifty range setup for 7th July | Follow the structural moveOverall Structure : Uptrend/Partial bullish
Index components : Neutral correlation
FGI Sentiments : Neutral - 56.41↑ Indian & 24↑ Global
Insider Data : Bullish, PCR: 1.25↑, IVP: 78↑, IV: 22↑ High, VIX: 20.26(27/34)↓
↑Up : 16030, 16140, 16200, 16270, 16370.
↓Down : 15900, 15800, 15750, 15700, 15630, 15550.
Market Opening(*Expected): Gapup to down/Flat to up
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, and political election scenario.
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@22:30 IST)***
Nifty range setup for 6th July | Follow the structural base Overall Structure : Neutral - Pump & Dump Structure
Index components : Neutral correlation, Top-Down approach
FGI Sentiments : Neutral - 53.89↑ Indian & 22↓ Global
Insider Data : Bearish Neutral, PCR: 0.79↓, IVP: 69↓, IV: 20.8↑ High, VIX: 20.78↓(28/36↑)
↑Up : 15900, 15960, 16010, 16080, 16170.
↓Down : 15700, 15630, 15560, 15460, 15380.
Market Opening : Gapdown (Expected*)
Activity : Short Buildup/Short Covering (rebalancing)
Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines scenario. (cut-off at debt auction)
Conclusion: Avail on request.
~~~~~~~~~~~~~~~~~~~~~~~~~
***Note: Identify the B/S zone, Follow the trend direction with strong confirmation.
Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk.
(Data source@21:30 IST)***
(BTC-USD) Possible Trend Reversal - (June 22)RSI & EMA
If older chart patterns serve as an indicator to predict future movements, we can observe that the price approaches a zone that in previous movements served as an indicator for trend reversal.
We're very close to a reversal move, however, we can still see more selling pressure.
Since the rsi touches the bear upper zone until it reaches the bear lower zone, the price always drops a little more than 45% and this brings the price of bitcoin close to 24k.
The lower line of the bear lower zone, which has guided us so far to the end of the bearmarket, is currently around $25,500.
Some external factors can influence the price, do not take my analysis for granted.
NQ Power Range Report with FIB Ext - 6/2/2022 SessionCME_MINI:NQM2022
- PR High: 12557.75
- PR Low: 12515.00
- NZ Spread: 95.75
Evening Stats (As of 12:30 AM)
- Weekend Gap: = -0.10% (filled)
- Session Open ATR: 429.67
- Volume: 31k
- Open Int: 259k
- Trend Grade: Bear
- From ATH: -25.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14105
- Mid: 12960
- Short: 11480
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
AUDNZD Top of Ascending Channel Welcome back! Here's an analysis of this pair!
**AUDNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
LUNA trend predictionI'm using Fib Trend-based Extension and Trendlines to predict a reversal of LUNA at around $122. It needs to go down to see the EMA 220 (1D).
This price is a crossing of Fib 0.786 and the upper trendline of the parallel channel. Moreover, volume is continously decreasing since it's started the second rally.