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Candlestick Analysis

Two important Resistances to conquer for Nifty ahead. There are 2 important resistances for Nifty ahead which need to be conquered for the Bull run that started post budget to sustain. These 2 resistances are at 23630 and 23809. Today Nifty made a good comeback from lows of the day which was near 23556 to close at 23603. The resistnace near 23809 acted again as Nifty plummeted from the level of 23773 to fall to 23556. The trend line shown in the chart acted as support for Nifty to come back into the game. There are 3 important events coming up later. RBI Policy where market is expecting a rate cur. Delhi election results and finally Income tax bill to be tabled in the parliament. Market is fearing a little bit and hoping that there is no bad news related to LTCG or STCG etc. in the bill. Nifty supports remain at: 23556, 23498 and 23484 (Mother and Father line of the daily chart). If this line is broken we can see Nifty falling to old support system of 23376 and 23222. Closing below 23222 can bring the Bears back into the game and calling the shots again. Nifty Resistances remain at: 23630 and 23809. If these to resistances are conquered we can a strong up move towards 24K level with resistances at 23991, 24197 and 24344 level. Above 24344 level Bulls will come out of ICU and start taking control of the system. Shadow of the candle right now is absolutely neutral. Tomorrows closing will be very important a closing above 23630 will be good but closing above 23809 will be great. Similarly a closing below 23556 will make the market weak. Nicely balanced right now. 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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
AUD/USD: Battle at .6262 – Bounce or Breakdown Ahead?AUD/USD is testing minor support at .6262 following a failure to break the 50DMA. Whether it holds this level may determine which direction it takes later in the session. If the price can’t break .6262 convincingly, longs could be established above with a stop beneath for protection. The aim would be to see a retest of the 50DMA with a break of that level opening the door for a run towards .6337. However, a clean break of .6262 could see the setup flipped, with shorts placed below the level with a stop above for protection. .6170 screens as one possible target with .6088 the next after that. Momentum indicators are providing mixed signals with RSI (14) trending lower while MACD has resumed its climb higher. Based on price action earlier in the week, a bullish bias is marginally favoured overall. Good luck! DS
by FOREXcom
Nasdaq (March 2025) - NFP Week! #S1E4It is very evident that whenever there are indecisions around global trade or policies, the market tends to freeze up and spew out error codes. From the market opening on Sunday, we have been exposed the the wild, aggressive swings that follows with Trading and many gaps has appear. Do you think this has anything to do with the decision to pause the tariffs Donald Trump was planning on implementing on Mexico and Canada? Remember, the tariffs might sound positive for the strength of the dollar but US businesses will have to fork out the extra in logistics and taxes if the tariffs was to go ahead. How exposed are US consumers to price hikes? Looking forward to the UK interest rates being released today as well as NFP on friday. It'll be a WILD ride!
CME_MINI:NQH2025Long
by LegendSince
Nasdaq-100 Wave Analysis – 5 February 2025 - Nasdaq-100 reversed from pivotal support level 20800.00 - Likely to rise to resistance level 21800.00 Nasdaq-100 index previously reversed up from strongly the pivotal support level 20800.00, which has been steadily reversing the price from the end of December. The support level 20800.00 was further strengthened by the lower daily Bollinger Band, support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse from October. Given the clear daily uptrend, Nasdaq-100 index can be expected to rise to the next resistance level 21800.00 (top of the previous waves B and 1).
Long
by FxProGlobal
WTI selloff stalls around cluster of big levelsWTI crude has seen a 11% correction from its January high, and 11 of the past 13 days since the high have been down days. But there is a glimmer of hope for bulls as prices are holding above several key levels of support, just above the $70 handle. Tuesday's bullish pinbar held above respected the 200-day EMA and 50% retracement levels, while respecting the 200 and 50-day EMAs. It also saw a minor (and ultimately false) break of the $71 handle and November high. While Wednesday was a down day, it was also an inside day. And this suggests a hesitancy to break immediately lower with demand around $71. This may be on the scrappy side, but bulls could consider longs around the current lows and seek a rebound to either Wednesday's high, just beneath the $73. Though a higher target could be considered should a fundamentally bullish catalyst arrive. The bias remains bullish above $70, but $70.49 could also be used to improve the reward-to-risk ratio. Matt Simpson, Market Analyst at City Index
NYMEX:CL1!Long
by CityIndex
Nifty tried to consolidate today after the BO yesterday. Nifty did well to consolidate and end above 50 and 200 days EMA today Nifty closed at 23696 and the Mother and Father lines are at 23664 and 23620 respectively. These Two lines will continue to act as support for the coming days and sessions. Nifty faced a very stiff resistance today as expected near 23800. It will not be easy to cross this resistance. This was made clear by us in earlier messages. Exit poll results, followed by RBI rate cut followed by actual Delhi state election results in favour of market expectation can lead to a positive sentiment build up and these levels can be taken down and Nifty can even regain 24K levels in the coming time. Nifty supports remain at: 23664 (Mother line), 23620 (Father Line), 23346 and 23222. Below 23222 weekly closing Nifty will become very bearish. Nifty Resistances remain at: 23809, 23883, 23984 24108 and finally 24197. Above 24197 Weekly closing Nifty will become very bullish. 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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Boeing May Be Attempting a TurnaroundBoeing has struggled for years, but now there may be signs of a turnaround in the aerospace giant. The first pattern on today’s chart is the series of lower highs between December 2023 and early December 2024. The stock has now pushed above that falling trendline, which may suggest its direction is turning. Next, the 50-day simple moving average (SMA) just formed a “Golden Cross” above the 200-day SMA. That may also indicate a change of direction. Third is the rally between November 22 and late December. BA retraced half the move before bouncing, which may confirm an upward trajectory. Fourth is the weekly close of $179.99 from mid-August. The shares have been stuck at that level since December. That may make traders view a close above it as a potential breakout signal. Recent price action has gotten more interesting as well. Last week saw an outside candle around earnings, and now an inside week is forming. While these signals are inconclusive, they’re all potentially consistent with a reversal. Could more news of a business revival bring long-term money off the sidelines? Finally, BA is an active underlier in the options market. (Its average volume of 127,000 contracts per day ranks in the top 5 percent of the S&P 500, according to TradeStation data.) That may help traders take position if the shares start moving. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:BA
by TradeStation
1
US T-Bonds - End of January AnalysisNew month = more opportunities and with January closing just before a weekend, it gives me the added advantage of sitting down with price action whilst the market is not moving and gauging the next draw on liquidity on a macro scale. This analysis goes over what to expect on a long term time frame; 6-months & 3-months retrospectively and also covers what I expect to take place in the next following weeks. The monthly highs is 115.01 The monthly lows is 110.19
CBOT:ZB1!Long
by LegendSince
Counter-Trend trade FET to $1.40FET seems to have made its way into its very on bear market. It did it all by its self. Aren't you proud of it? lol .63-.90 was an area of interest here for me when I'd shorted it, and also longed it previously. I think that this area again is a nice place to take a long from. I think that we can probably hit around $1.40 from here, where I think that then FET will continue down afterward. Enter anywhere under .815 cents down to .60 cents. Thank you!
Long
by LoneWolf1425
Head and Shoulders pattern, price might go downAs we can see the price reached our Major key level and formed a H&S pattern, meaning we might experience sellers, but that's not enough confirmation to sell If price breaks below the Major low then we can take that as a confirmation that sellers are taking over the market and we can expect selling pressure and we can place our entries If it breaks above the MKL then we can expect buying pressure as this showed that the H&S pattern failed so buyers are taking over
BLACKBULL:US30Short
by StarleXtheTrader