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Weekend Review of the NIFTYNowadays we have been hearing that the next decade belongs to India. Many, including Morgan Stanly expect Indian Markets to do very well in the next five years with a strong Bull market. Maybe the only apprehension is that this is a Election Year which can hold back the Market. Technically, the weekly charts is showing that the NIFTY is clearly gearing up for a big move with a nice VCP pattern. So, there is a high probability that we will see start of a new big up move soon. It is possible that we may see one more smaller contraction before the big up move. On the Daily Chart, though we saw some weakness today, the overall bullishness still remains. We saw selling dominating after many days. The index is still holding above the moving averages. Of course, the index has been under performing the wider market which was being pushed by the mid and small caps. We may see the index retreat some more next week. But the strength remains as of now.
NSE:NIFTY
by karthikmarar
Spotting Market Reversal by FrogAlgo🗣️ Predicting market reversal is one of the most challenging tasks trader are faced with day by day. These indicators and patterns can handle the initial steps for you. Spotting Market Reversal by FrogAlgo 💥 I. The Spotting Market Reversals is made up of two main phases 1) What Indicators for spotting market reversal a. Oscillator TSI b. SMAs (20,50,200) and EMA200 c. Coloring Candles 2) Identifying the current patterns in market a. H Pattern (Double Bottoms) or Inverted H Pattern (Double Tops) b. SMAs | EMA200 Support or SMAs | EMA200 Support Resistance c. Gap-Up (Oscillator) or Gap-Down (Oscillator) d. Side-Way Candles + SMAs | EMA200 Support or Side-Way Candles + SMAs | EMA200 Resistance II. Spotting Market Reversal consists two parts: 1) Market Reversal (Bottom) for Long : 2) Market Reversal (Top) for Sell : Explanation: 1) Market Reversal (Bottom) for Long : a. Oscillator in GreenZone → SMAs | EMA200 Support pbs.twimg.com b. Oscillator in GreenZone → H Pattern (Double Bottoms) pbs.twimg.com c. Oscillator in GreenZone → Gap-Up (Oscillator) pbs.twimg.com d. Oscillator in GreenZone → Side-Way Candles + SMAs | EMA200 Support pbs.twimg.com 2) Market Reversal (Top) for Sell : a. Oscillator in RedZone → SMAs | EMA200 Resistance pbs.twimg.com b. Oscillator in RedZone → Inverted H Pattern (Double Tops) pbs.twimg.com c. Oscillator in RedZone → Gap-Down (Oscillator) pbs.twimg.com d. Oscillator in RedZone → Side-Way Candles + SMAs | EMA200 Resistance pbs.twimg.com
NASDAQ:AMD
by A1TradingHub
18 June 2023 $ONGC: The oil money longNSE:ONGC Reports came out yesterday stating that Russian oil is making up 30% of India's imports as stated India's largest publicly owned oil & natural gas firm. This comes at a crucial period for Russia after being hammered by economic sanctions, as we can tell with the war, it is firmly narrowing down into a war of attrition, and this war can only be funded if Russia feels economic security, this reason so puts greater trust into BRIC stocks and will definitely see some sort of financial injections in the coming year(s). India hosting the largest population in the world is focused on 2 main objectives especially following the recent tragic train crash. 1. How can they lift the largest workforce in a similar manner to China up? 2. How can they compete neck to neck with Shanghai/LA/NYC/London/HK. Possessing a significantly advantageous location on the world map, India's future will soon be determined by policies made NOW. For India to achieve these objectives, at the very baseline, it requires public infrastructure and, none of that can run without the veins of oil. Thus, this bet is betting on India's persistence and future in general on its most necessary growth factor commodity. The balance sheets show a well maintained company with efficient enough statistics. Currently, it's Price-to-sales are about 0.29 with industry average at about 0.66. Meaning at the moment, ONGC is well undervalued. On top of that, its EBITDA is at 11.02 with Industry average at 8 exemplifying the company's healthy financial status and good cash flow. Beta value sits at 0.73 showing low volatility in comparison to the market and lastly, quarterly price to book is at 0.7 showing it is a great stock to buy at it's current value. I have long term entries at this with buys at 150, 152, 146 and 139 respectively. I will be DCAing this over time but I don't expect a drop to these levels any time soon.
NSE:ONGCLong
by bradleyzander
MTL RESULT!!!BYBIT:MTLUSDT.P Wow. this trade was everything i expected i am very proud of this outcome i took my patience and held on too watch these playa bottoms form! it was just a matter of time until i took a shot at this one and after the last spike from the 3rd through to the 6th was that sweet swing.. the volume came through and seen that double bottom forming on the 1HR and took my shot! thats all! win or lose it dont matter! im interested in the best setups. Time to reflect with my wife and find the next best trades i got my eye on. ill be sure to go through these ones tomorrow. ROAD2AMILLI
Long
by fusfamily
I hope Bitcoin dies. │ Why Bitcoin has a long way to go. Bitcoin is far from being an asset or anything of that kind, the prices moves from the bigger market movers who like to manipulate prices to a point that there are little to no explanations to the price movements. Although 99% of people think they have figured out Bitcoin and its movements, they haven't. This currency is now used for manipulating newer adopters of the currency into believing it is "The future of currency" or something stupid like that. Many people come from YouTube or some other platform where they are told lies about the future of the currency to a point they decide to "Invest" and they come into the currency with an approach that it is going to hit $10 million or something stupid along those lines. They spend a lot of their time watching the price fluctuate up.. down... up.. down. To a point that they only really pay attention to the main winners. +10%. -15%. +20% etc etc. These people get so addicted to this currency and think only because they see all of these profits a lot of the time then they think that this will continue to the future. They might put another $1000 into it. After maybe a year of watching their money move up and down they might get into other alt coins and please don't get me started on this ... lol Alt-coins are not the future unless it is made by a governing body. They might even get into some deep TA, I have even seen people predict the future of bitcoin on the formation of stars over time. THE FORMATION OF STARS!?! HOW STUPID ARE YOU? Sadly, although the whole cryptocurrency scene is mainly fuelled by people who are manipulated to think it is going to $10 million next year. It still will have a future. The adoption of bitcoin has increased over the past years but I don't expect it to grow a massive amount more in the commercial world. People have adopted it for payment methods but this isn't something that will change the world or really move the price. There are some people who use it for illegal activities and to stay anonymous and I think this is where a lot of volume comes which makes it even harder to predict future prices. No doubt the currency will be at less than $2500 in 2022. Please do not believe the lies that they tell you. Thank you, I hope you enjoyed me ranting on about this topic aha.
BITSTAMP:BTCUSD
by Tobyfjn
6
BTC diamondHey everyone, happy sunday quick idea to show you BTC diamond on the 15 min TF Red vector ranges above if it breaks out of the diamond, however we do have some green vectors residing below. Moving averages are getting tightly squeezed, probability of a move soon. if it breaks 200MA and holds we could see a move up towards 28 K also its in this weird kind of symetrical triangle pattern, heading for potential break out or green vector recovery. But note that it has hit the green vector but left a bit so lets see.
by Crypto_SUP_Surfer
DXYHey everyone waaaSUP, so here is another idea on the DXY. 1 hr timeframe suggests to me that the dxy could hit the 200 SMA at around 101.4 range, it may grab the liquidity in them red vectors at around 101.6 maybe even 102.00 This would hit the trendlines coming down to then grab the liquidity below and major dump to either a double bottom or dump. There is probability of breaking out but we will see. Stoch Rsi is curling down for a retrace, i reckon wont reach no where near the bottom bounce up then drop. MACD looks like it wants to roll over. Peace and love everyone
CAPITALCOM:DXY
by Crypto_SUP_Surfer
HIMAYC 1 dayYo Yo Yo, i thought i would share this idea with you all. HIMAYC daily timeframe This has been pumping since November last year, over 6000% took a couple of big drops during that time but even so, its pumped. Even from March this year its pumped up 2000%. Thats insane So here we are 1 hour time frame, Ive just made it simple. Moving averages look nice smooth and still curling up. Ive drawn some rectangles illastrating big moves on price and copied thes measured moves that matches the previous so ive basically done the same. But to add some confluence ive drawn some simple uptrend patterns and they both pin point to the measured moves previously done. And its at a key price target of $2.50 Also moneyflow coming up into the green ;) I know it bonkers, its a huge move but probability suggests its possible. I thought i would put it out there so here we are :) Peace and love everyone
HLong
by Crypto_SUP_Surfer
1
BTC 2 day fractalHey everyone.... so ive done a 2day BTC fractal analysis As you can see if added some important key areas in the orange bubbles. The first one being the covid but also what many might not be aware of was on the 20th March 2020 Suadi (US allies) dropped an oil price war on Russia. This tanked the oil price to less than zero. And you can see it here on the chart. Then the second is where the crash would of happened at present day based on the fractal from this period. Now look at the fractal, ive outlined the main fractal on the left from june 2019 to april 2021. I have then split his fractal into two, thus removing the previous spoofy crash. I say spoofy becasue it was a coincidence with covid, i wonder who stocked up on the oil at that price, for it to rocket a few months later hmmm. Anyway thats for another day, But the fractal from june 2019 to feb 2020 is pretty much bang on to price action june 2022 to march 2023. So is it fair to say we have skipped past the previous crash and heading into the bull run phase 1 Look how close we are to a golden cross (50MA crossing up and abovew the 200MA. SO what about levels, longer term levels of resistance to breakl are : 41,600 / 52K / 69K Then when we hit ATH next level up potentially 100K then up to 150K basing it on this fractal pattern and the golden cross. Im not saying this is gonna happen overnight but its happened before so probability says it can happen again, Or could Balanji be right and we hit $1M Peace and love everyone, share and like dudes :)
BITFINEX:BTCUSDLong
by Crypto_SUP_Surfer
1
4/14 Watchlist + NotesMy watchlist got taken down by TradingView moderators yesterday. As a recap, I was bearish on SPY, and main watch was PYPL for the 3-1 setup it had on the daily SPY - Super bullish uptrend day. I was hoping for bearish continuation, but the markets had other plans. I can really only credit this movement to two things: Neutral CPI data, and markets possibly re-adjusting/stabilizing from yesterday's madness. Regardless of why we were so off with our prediction, we were just wrong plain and simple. Unfortunately my streak of correct predictions has ended because of today. This is a prime example of an engulfing day not following suit and moving in the unexpected direction, which happens about 15% of the time when we see engulfing candle days. We closed relatively strong, so I have to believe we will see continuation tomorrow. Upside target set at the 416 area. I have a feeling we either pump hard tomorrow or just consolidate and create an inside day. Would rather see an inside day being made than another 2U Watchlist: 3-1 Daily Setups: (Neutral on all except TSLA) TSLA - Bullish COST DOCU DIS 2-1 Daily Setups: (Also Neutral on All) AMD SHOP PFE SQ BABA LULU CSCO Main Watch: TSLA & PYPL PYPL never broke out of the 3-1 daily so now it is in a 3-1-1. Watching for upside TSLA is in a 3-1 and has more room to the upside. Also watching for upside. Target is 191. To the downside target is 176.16 Yesterday's main watch: PYPL: mentioned it did not break out of the 3-1 above. Not a loss, not a win either Watchlist Stats: 3/4 on SPY predictions 2/4 Main Watch Plays Personal Stats: 1/3 On the week Overall red Messed up today. Had two solid trade ideas, but just barely got stopped out on both before the move I was looking for happened. After two losses I called it a day and just watched for the rest of the day. Sometimes on days like today where I am right with my analysis, but lose trades, it is best to just stop trading and watch. Every trader has good and bad days. I can credit this red day to a few minor issues, but the main thing on days like this is to be able to recognize the mistake or mistakes, learn from them, and move on. Lets rebound tomorrow and close the week green. Good luck everyone
AMEX:SPYLong
by Alanger17
BTC 22hr NeilHey everyone, i thought i would share this idea with you all. On the 22 hr time frame i see a neil diamond pattern forming and price is right tight in the corner. Ive not really sussed out these diamonds, wether they are reversal or continuation or wether its a diamond at all. But i also drew out a fractal and it kind of plays out with the drop out of the diamond, so could we be seeing BTC at 25,100 then a retrace and down to 23400 ? Or is it gonna pump to 31100..... Also not the channel it is in, and also where the 200 SMA is floating, Probability suggests to me that BTC will follow the fractal, but it could easily fake out to 31100 to break back down. peace and love everyone
by Crypto_SUP_Surfer
Solana ideaWaaaaSUP everyone, heres another idea out ther based on the 4 hour time frame. So here we go, what do i base my anylsis ideas on and where do i think price is going to go towards based on probabilty. 1. Bouncing off good support 2. bounce/bouncing off bottom symetrical triangle pattern 50/50 3. macd histobars look like they want to curl up 4 stochastic rsi low 5 hidden bull div 6. money flow back in the green 7. vwap coming up so ..... SOL could touch support (VAL) again at around $20.30 before making a move up to the top tendline of symetrical triangle pattern which is local VAH at 21.1, top violet line sorry i should of marked these lines. I see SOL breaking out and moving up to higher top trend line at around $21.5 to resistance 22.41 So there you have it my idea based on these probabilities :) happy good friday everyone
by Crypto_SUP_Surfer
ICX longwaaSUP everyone, i just put on a long trade on ICX based on the probability below on the 144 minn TIme Frame 1.hit the 0.706 fib retrace, 2 low on the stoich rsi, 3.low on the mac d wanting to curl up 4 histograms curling up into the green 5 money flow curling up into the green 6 hidden bull divvy 7 measured move to a resistance area at 0.59 However Moving averages are low down and needs to bounce which it looks like it is doing. Anything can happen, probability is key
Long
by Crypto_SUP_Surfer