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BITCOIN LOSING ITS MOMENTUM? SHORT TERM BEARISH SETUP.I have been noticing the price exhaustion of Bitcoin on the Daily price graph. If you notice the momentum to the highs are very limited compared to its recent momentum. And notice the big divergence on the RSI. On its previous correction it took only two big down candles for correction as compared to to its previous pullbacks. I have ha feeling prices needs to breath lower before it can make a big push higher so I'm betting a correction to its previous structure lows. Let me know what u think Indicators on chart are Daily 200sma bollinger band RSI with 100sma bollinger band
CAPITALCOM:BTCUSDShort
by Junmadayag
Continuing the Moon Phase Vs Nifty chart further. Yesterday in the message we understood how The dark circle resonates with the dates of no moon day and Grey circle indicates the day when we saw a full moon. Invariably in most of the no moon days as can be seen in the chart index is at the peak near no moon day. Then there is a fall seen in Nifty. Recovery starts in few days of Full moon day and then again Nifty makes a peak near no moon day. We were trying to contemplate if it is a coincidence. Now we saw a small turnaround today. We do not know if this will hold and if the recovery will start from here and now but we will juxtapose Moon Phases Vs Nifty chart with our Mother, Father and Small Child theory, RSI and Bollinger bands and see what levels we get for support and resistances further. RSI is currently on daily chart is at 41.27 having taken support near 37 zone. This seems to be a good support zone for RSI as it as bounced from there and there about several times. Nifty took baby steps to recovery on Friday as Full Moon is done. Lowest RSI on daily chart was around 32 that was exactly one year back so we can expect either of these two levels to hold fort. Father line support is near 23404. Bollinger band shows a support zone near 24373 range in case Nifty takes a dip from here. Mother line resistance is near 25026 and Bollinger Median resistance is near 25372. Resistance for nifty based on Bollinger band top seems to be at 26372. Mother, Father and Small Child theory is explained in my book Happy Candles Way to Wealth creation. The book is available on Amazon in Paperback and Kindle version. Do read it as many reviewers on Amazon consider it as a Hand book to equity investment. In this way we have tried to deduce support and resistance levels of Nifty with the help of Mother, Father and Small Child theory, Bollinger band, RSI. We tried to predict the turnaround phases for Nifty’s upward and downward runs by juxtapositioning it with phases of Moon. To a normal eye all this looks a little complicated and difficult but when you dissect it and spend time with the chart you will be able to deconstruct it bit by bit, frame by frame and level by level. Disclaimer: There is a chance of biases including confirmation bias, information bias, halo effect and anchoring bias in this write-up. Investment in stocks, derivatives and mutual funds is subject to market risk please consult your investment advisor before taking financial decisions. The data, chart or any other information provided above is for the purpose of analysis and is purely educational in nature. They are not recommendations of any kind. We will not be responsible for Profit or loss due to descision taken based on this article. The names of the stocks or index levels mentioned if any in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
NSE:NIFTYLong
by Happy_Candles_Investment
Understanding the Renko Bricks (Educational Article)Today we are going to study a chart which is called a Renko chart. Renko chart is a chart which is typically used to study price movement. I use Renko chart many times to determine supports and resistnace. I find it easy and accurate way of determining supports and resistances. The word Renko is derived from Japanese word renga. Renga means brick. As you can see in the chart below it shows a kind of Brick formation. The brick size is determined wither by the user and mostly it depends of typical average movement on the stock historically. A new brick is formed once the price moves upwards on downwards in the same proportion or ratio of the typical brick. New brick is only added post the price moves in that particular proportion. A new brick might not be added in months if the price movement is not as per the ratio. At the same time a new brick might be added in a day or few bricks in a week is price moves accordingly. We will try to understand this concept further by looking at the chart in the post. We have used the chart of Reliance industries to understand this concept and concept only. Please do not consider this buy or sell call for the stock. As you can see in the above chart I have used a combination of RSI, EMA (50 and 200 days) and Bollinger band strategy. RSI support for Reliance is at 35.89 with current RSI at 40.13. Bollinger band suggests that support might be round the corner for the stock. The peaks from previous tops are used to find out further supports and resistances. Mid Bollinger band level and Bollinger band top level coincide with other pervious tops making them tough resistance when the price moves upwards. Mother line EMA is a resistance now and Father line EMA support is far away. All these factors indicate the support zones for the stock to be around 2736, 2657, 2601 and 2561 in the near term. Resistance for Reliance seem to be at 2814, 2972, 3006, 3048 and 3202 levels. Let me give a disclaimer again. The above data is for analysis purpose and to understand Bollinger band, RSI, effect of EMA and Renko Bricks only. Please do not trade based on the information provided here as it is just for understanding Renko charts. Disclaimer: There is a chance of biases including confirmation bias, information bias, halo effect and anchoring bias in this write-up. Investment in stocks, derivatives and mutual funds is subject to market risk please consult your investment advisor before taking financial decisions. The data, chart or any other information provided above is for the purpose of analysis and is purely educational in nature. They are not recommendations of any kind. We will not be responsible for Profit or loss due to descision taken based on this article. The names of the stocks or index levels mentioned if any in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
NSE:RELIANCEEducation
by Happy_Candles_Investment
BTC Price Set for Potential Bounce at Lower Bollinger BandBTCUSDT Technical analysis update Whenever the price touches the lower Bollinger Band, it has historically bounced back. Currently, the price is approaching the lower Bollinger Band at the 59K-60K level (indicated by the yellow circle), suggesting a potential bounce from that area. If historical patterns hold, we can anticipate a short-term bullish reversal, with the price aiming for the upper Bollinger Band in the upcoming sessions. Regards hexa
CRYPTO:BTCUSDLong
by HexaTrades
Use of Various Technical indicators. (Educational Post)Nifty again after making a new high ended in negative today. Main reason for nifty ending in negative can be attributed to channel top resistance. RSI (Relative strength Index) reached over heated zone and peaked above 80 showing the market was overheated, this was the second reason of Nifty ended in red of Friday after a fantastic weak. RSI of monthly and weekly and daily candles also shows that Nifty is in the overbought zone. This can continue for a while or Nifty can dive next week or in the coming time searching for it's supports for the purpose of correction or consolidation. On hourly chart as seen above RSI Peak is near 81 with supports near 57 and 47 range. Currently the RSI is at 64.67. Bollinger Band is also suggesting temporary market peak near 26336 and strong support near 26092 and 25866. MACD is also signaling towards consolidation and correction as the coveted blue line seen in the chart is dipping below red line. Histograms sine wave is going towards negative zone with some strength in it's stride. 50 hours EMA or the mother line is near 25909 and 200 hours EMA or the father line is near 25345. Parallel channel indicates top near 26336. Mid channel support near 25866 and channel bottom support is near 25595. Trend line support is near 26148 and trend top seems to be near 26437. Supports and resistances drawn based on recent peaks and valleys are as under: Supports at: 26148, 26037, 25866 and 25595. Resistances at: 26277 (All time high resistance) In the above chart and data we have used the combination of Supports and Resistances, Trend lines, EMA, MACD, RSI, Parallel Channel, Bollinger Bands. You must have seen that various Technical indicators many a times indicate same or similar levels. Thus instead of trying to master many indicators, if you can focus on a few and master them, you will be more often correct. As Bruce Lee has famously said and I quote him, "I am not afraid of someone who knows 10000 kicks, I am afraid of the one who has practised 1 kick 10,000 times." It is also said in Sanskrit 'Sarva Deva Namaskaram, Keshavam Prati gacchati'. Pray to any of the divine forces but they ultimately end up at the feet of the supreme God head. Nasiruddin Shah had also said in a movie (Kabhi Haan Kabhi Na) "Idhar se jao, udhar se jao, ultimately sab rasta God ke pass jata hai." Deducing from it many indicators often yield same results. Master 2 or 3 of them and they will make you a great analyst. Conclusion: Learn, unlearn, relearn and master a few indicators rather than trying to know many indicators. They will help you create generational wealth. To know more about these indicators and how to use them and to understand Techno-Funda investment, read my book: The Happy Candles Way to Wealth creation available on Amazon in Paperback or Kindle version. The information regarding Nifty in this article is for the purpose of education and to show how various indicators often give same or similar result. To know more about when to book profit? Where to place a stop loss or what is trailing stop loss you are recommended to read my book: The Happy Candles Way to Wealth creation which is available on Amazon in paperback or kindle version. You can also comment below or send a message to us. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Crossover Swing + Breakout Trade - HINDALCO📊 Script: HINDALCO 📊 Sector: Non Ferrous Metals 📊 Industry: Aluminum and Aluminum Products Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 Script is giving Cup & handle Pattern Breakout on daily chart. 📈 Already crossover in MACD. 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 66. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 717 🟢 Target 🎯🏆 - 810 ⚠️ Stoploss ☠️🚫 - 672 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:HINDALCOLong
by radha_23
Sumitomo Chem India Ltd: Weekly Breakout with Strong Buy Signal!📊 Sumitomo Chemical India Ltd - Technical View 🔍 Weekly Timeframe: Resistance Trendline Breakout 🚀 Big Bullish Green Candle with volume 📈 📈 Indicators: MACD: Buy Signal ✅ Oscillators: Buy Signal ✅ 💵 CMP : 608 📉 Key Levels: Stoploss: 570 Target : 1:3 Trail your Stoploss for the target of 1:3 Target 1: 630 Target 2: 660 Target 3: 700 Disclaimer : "Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades." #StockMarket #TechnicalAnalysis #Breakout #Bullish #SumitomoChemical #Trading
NSE:SUMICHEMLong
by Amankuckreja
Swing Trade - GODREJIND📊 Script: GODREJIND 📊 Sector: Chemicals 📊 Industry: Chemicals Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 64. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 941 🟢 Target 🎯🏆 - 1000 ⚠️ Stoploss ☠️🚫 - 908 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:GODREJINDLong
by radha_23
3
Swing Trade - SUNTECK📊 Script: SUNTECK 📊 Sector: Realty 📊 Industry: Construction Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 65. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 627 🟢 Target 🎯🏆 - 695 ⚠️ Stoploss ☠️🚫 - 599 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:SUNTECKLong
by radha_23
Swing Trade - HINDPETRO📊 Script: HINDPETRO 📊 Sector: Refineries 📊 Industry: Refineries Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 68. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 407 🟢 Target 🎯🏆 - 432 ⚠️ Stoploss ☠️🚫 - 393 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:HINDPETROLong
by radha_23
Double Bottom Breakout - Crossover - ANURAS📊 Script: ANURAS 📊 Sector: Chemicals 📊 Industry: Chemicals Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD and Double Moving Averages are giving crossover . 📈 Right now RSI is around 66. 📈 Script is giving Double Bottom Breakout on daily chart. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 797 🟢 Target 🎯🏆 - 858 ⚠️ Stoploss ☠️🚫 - 767 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:ANURASLong
by radha_23
Crossover - JKCEMENT📊 Script: JKCEMENT 📊 Sector: Cement 📊 Industry: Cement Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD and Double Moving Averages are giving crossover . 📈 Right now RSI is around 60. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 4480 🟢 Target 🎯🏆 - 4715 ⚠️ Stoploss ☠️🚫 - 4387 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:JKCEMENTLong
by radha_23
Multiple Indicator - TRIVENI📊 Script: TRIVENI 📊 Sector: Sugar 📊 Industry: Sugar Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 71. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 426 🟢 Target 🎯🏆 - 451 ⚠️ Stoploss ☠️🚫 - 416 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:TRIVENILong
by radha_23
1
Bollinger Bands, Moving Averages, and Stochastic Oscillator* LIVE TRADING * This is not a get rich quick scheme, if you have the time to study and practice this video it will give great insight on how price moves. Add the indicators to your chart and see if the 3 main signals create entry points for trades 3 Main Signals: - Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default) - CM_Williams_Vix _Fix - Bollinger Bands (default settings) Extremely insightful example of how specific indicators correlate to create a trade setup. What the trade setup looks like and how you can practice it in real time. Time Frame Reference and how they mix. Calling out candlesticks as they populate. Indicators (all indicators from Trading View indicator library): - Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default) - CM_Williams_Vix _Fix - Volume - Bollinger Bands (default settings) - TEMA - settings 9 EMA purple, 50 EMA yellow, 200 EMA black - Divergence for many V3
by CHART_GUYY
NIFTY DAILY - 12/6/2024Nifty opens gap up and bulls were aggressive from starting of the day and made All Time High which is 23441 level, into second half nifty was not able to sustain at higher level and fall from day’s high and made day low which is 23295. Index has form small body bearish candle with upper shadow which indicates participants were selling from upper level. Candle is trading near upper band of Bollinger Band. Nifty is able to hold 23300 level so, further resistance can be 23396 level with support of 23007 level. Bank Nifty levels Support – 49547 Resistance – 49974 Today’s Advance Decline ratio of NIFTY50 Advance - 32 Decline - 18 FII Buy + 426.63 crores DII Buy + 233.75 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
2
Double Moving Average Crossover - UBL📊 Script: UBL 📊 Sector: Alcoholic Beverages 📊 Industry: Breweries & Distilleries Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving Breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 68. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 2035 🟢 Target 🎯🏆 - 2219 ⚠️ Stoploss ☠️🚫 - 1950 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:UBLLong
by radha_23
Moving Averages + MACD Crossover - DEVYANI 📊 Script: DEVYANI 📊 Sector: Quick Service Restaurant 📊 Industry: Hotels Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving Breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 70. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 170 🟢 Target 🎯🏆 - 191 ⚠️ Stoploss ☠️🚫 - 160 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:DEVYANILong
by radha_23
NIFTY DAILY - 6/6/2024Index opens with gap up and made days high which is 22910 level but market was highly volatile so nifty made day’s low which is 22642 level. Nifty was up by almost 270 points which is Approx 1%, nifty gave closing around 22821 level with 200 points plus. Nifty has formed small bullish candle with upper and lower shadow on daily chart. Candle is trading above Middle Band of Bollinger Band. Nifty has broken the resistance of 22794 so, further 22059 will work as resistance level with support of 22635 level. Bank Nifty levels Support – 48568 Resistance – 49334 Today’s Advance Decline ratio of NIFTY50 Advance - 38 Decline - 12 FII Sell – 6867.72 crores DII Buy + 3718.38 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
Crossover - IGL📊 Script: IGL 📊 Sector: Gas Distribution 📊 Industry: Miscellaneous Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages giving Crossover. 📈 Right now RSI is around 63. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 472 🟢 Target 🎯🏆 - 508 ⚠️ Stoploss ☠️🚫 - 458 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:IGLLong
by radha_23
NIFTY DAILY - 24/5/2024Nifty opens lower and made day low which is 22908 level, afterwards bulls drag the market upside and made All Time High that is 23026 level. Nifty was highly volatile throughout the trading session, Nifty traded in between +50 points to -50 points for whole day. Index has formed green body candle with long upper shadow which indicates seller were selling from days high. Candle is trading at upper band of Bollinger Band. Nifty is able to hold 22900 so, further resistance can be 23059 level with support of 22716 level. Bank Nifty levels Support – 48677 Resistance – 49334 Today’s Advance Decline ratio of NIFTY50 Advance - 17 Decline - 32 Unchanged – 1 FII Sell – 944.83 crores DII Buy + 2320.32 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23