Await bearish price action, such as a candlestick pattern (e.g., a bearish engulfing or pin bar) within this confluence zone. This provides further confirmation of a potential bearish move.
The trade is based on fibonoci level. Buy at golden level of fibonocii 0.6 to 0.5 level with 0.95 level as stop loss.
Banknifty is expected to bounce from the current level and make a short covering rally in this week.
Trade Idea: Asset: Bitcoin (BTC/USD) Time Frame: 4-hour Signal: Bullish Entry: Enter a long position when Bitcoin crosses above the high of the tower bottom formation candlestick, confirming the bullish reversal pattern. Stop-loss: Set a stop-loss order just below the low of the tower bottom formation candlestick to limit potential losses if the trade goes...
Banknifty was strong yesterday when compared to nifty as hdfc bank is at good support zone. Our T1 target in fibonnoci was achieved yesterday and today we expect to meet the t2 target whch was not reached yesterday.
Trading based on Fibonacci retracement in 15 mins chart. Wait for the candle to make bearish candle in 3 mins or 5 mins time frame at the area marked in yellow to confirm entry.
MARKET IS READY FOR STRONG BULLISH MOVE. 47716-47807 IS GOLDEN FIBONOCCI ZONE. We may wait for bullish candle in lower time frame (5 mins or 3 mins) in this zone. Stop loss is at 47479. Target 1- 48157 Target 2- 48519
Mindacorp above 50 sma Broke trendlines and Resistance level Entry 220, Target 280+ SL 199
Banknifty is acting in a channel and can expect a breakout from 38988.35 level. Expecting up move of 550 to 800 points. Buy above - 38988.35 Sell below- 38288.55