Trade_With_Prakash

Trade_With_Prakash

Potential Trade Setup: Based on the chart and the provided information, a potential trade setup could be: Entry: Sell at the current price (around 25950) if the price falls below the resistance level (around 25050. Stop Loss: Place a stop-loss order at 25120 to limit potential losses. Target: The potential target for this trade is 24880 - 24850. Disclaimer:...

Trade_With_Prakash

Key Observations Short-Term Downtrend: The chart indicates a short-term downtrend, as evidenced by a series of lower highs and lower lows. Resistance Levels: The price is currently below resistance levels at 25,110.00 and 25,140.00. If the price fails to break above these levels, it could signal further downward movement. Support Levels: Support levels may...

Trade_With_Prakash

The provided chart depicts a bullish market structure for . A significant 1H order block at the 24,990 - 25,020 level offers strong support, reinforced by a recent retest. Additionally, a smaller 15M order block at 24,880 provides further support. A Choch pattern is forming, suggesting a potential reversal or continuation of the uptrend. Given these indicators,...

Trade_With_Prakash

Market Analysis: The current market structure for Bitcoin (BTC) is exhibiting bearish tendencies. The price is approaching a significant high level, and there are potential selling pressures near the Order Block and Point of Interest (POI). Additionally, the Fibonacci Golden Zone is a critical area to watch. Trade Recommendation: If the price breaks below...

Trade_With_Prakash

Fibonacci retracements and extensions are technical analysis tools that use the Fibonacci sequence to identify potential support and resistance levels in financial markets. They are based on the mathematical concept that the ratio between any two consecutive numbers in the Fibonacci sequence approaches the golden ratio (approximately 1.618) as the numbers get...

Trade_With_Prakash

Nifty Rise Level 25050 - 25090 Sell on This Level For Target 24700 Stop Loss 25185 This Expiry 12/09/2024

Trade_With_Prakash

Order block trading is a technical analysis strategy that identifies potential support or resistance levels based on the accumulation or distribution of orders within a specific price range. These areas are often referred to as "order blocks." Key Concepts: Order Block: A price range where a significant number of buy or sell orders have been placed. Support: A...

Trade_With_Prakash

Definition: The Drop Base Drop pattern is a technical chart pattern that indicates a potential continuation of a downtrend. It consists of a sharp decline in price, followed by a period of consolidation or sideways movement (the base), and then a resumption of the downtrend. Formation: First Drop: A significant price decline. Base Formation: A period of...