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Strong: Elliote(5+3) + Price Action breakout + Volume profile Hello guys before I write anything I say something that's its takes hours to analysis a single chart so please like it. Elliote wave: 5+3 =>> 5 Impulsive wave done by Piramal Enterprise at 629 0.618 fib level according to wave principle, Currently It's riding on Corrective wave and its have 3 waves with correction of 1 fib which is at 1760 level = 4 wave Price Action Breakout: =>>According to its theory its touches there lower value with excess price with pinbar shows rejection to falling more down and move toward control price if it breaks the level of control price then we can see Piramal at upper value soon. Volume Profile: =>> As you know little bit about volume profile you can see Price at this volume high which means institutional investor taking entry at this price for reversal. Buy Strongly ::::: like Like Thanks need your support by liking it.
NSE:PELLong
by Trading_buddy
2
India Bank Nifty is again at support zone 19000 to 19300.. India Bank Nifty is again at support zone 19000 to 19300.. As per elliot wave analysis 22400 is still possible as long 18950 is held.. I would be making more at this level and keep strict stop loss at 18950 and will be sitting tight till 22200 to 22300 ..Wave B target of 22400 at a minimum retracement of 38.2 .. This trade is highly risky keep stop loss strict at 18900... reward 10 to 15% return on Bank Nifty No chance of reversal below 18900... ur capital will be lost.. so have 1% percent strict loss to get ready for next trade .It is elliot wave B.
NSE:BANKNIFTYEducation
by karagis75
1
AUD/USD SHORT!It appears as if AUD/USD is creating a large bear flag with a small bear flag located at its beginning, as visible in the upper left corner of the bear flag. Which is known as a falcon flag to a minority of traders. Although it appears as this flag, we have currently just gotten confirmation for the second touch. This can be a valid short term sell, but you must be aware that it can reject of the lower trend line and hit the upper trend line for the third touch. Short term -valid sell. Long term after third touch - High probability sell. On the charts you can see the two discussed possibilities, one of them is indicated by a green arrow, and the other possibility is shown with blue arrows. In addition, the flag is under the break of a high timeframe ascending channel, increasing the probability of the trade.
Short
by spotlars
2
Can you Grab 3000 points move on Bitcoin...? Present pattern is Parallel Channel . Bitcoin on the daily chart, we have studied about 3 patterns and each patter is Breakout. Each the breakout are plotted with price moved measurement. --> Why am talking to you about Chart Pattern & Breakout? From the above observation about the pattern & breakout it is clear that we get a minimum 3000 points move after the each breakout. I make you a promise that the upcoming breakout give will you with a perfect direction and time. I will surely put all the profit in your Bag. Recent my studied on BTCUSD:
BITSTAMP:BTCUSD
by Jay_shree
269
ridethepig | India Closing the ChapterIn this positional chart, the INR is entering back into the game, whilst USD is nearer the end and thus already well-developed. That is decisive. So the more distant EM currencies like INR actually will act as a trump card and assist in diverting flows from the king, but like all trumps we must use them sparingly: do not jump the gun is the rule. The diverting exchange of Covid flows was simply the prelude to the king (USD) marching home, which will follow in the coming weeks/months. Indian Equities were denied the advance as anticipated, the trip towards the lows was somewhat time-consuming and the travelling companion INR was too dilatory....As the currency devalued as did local stocks... In any case, the correct procedure is getting our companion (INR) and using it as a weapon to wield influence and thank holders for their loyalty. We should make good use of the cheap currency and the move that now follows by looking to sell the highs in USDINR for a move not too late after. The trip we are planning for should be carefully prepared before pulling the trigger, if possible make use of any overshoots in USD (remember we still have the 1.05/1.06 unlocked in EURUSD for reference on G10). All that before playing the diversionary swing! Softer oil will help Indian significantly as the deprecation pressure on INR was starting to crack through the economic defence. India will need an appetising fiscal policy and less reluctance from the CB to intervene. These are starting to enter into play and can be a major game changer for India in the coming months.
Short
by ridethepig
Exponential Global Currency ComparisonThis is a Exponential Global Currency Graph Comparison (with a focus on India and China) These are all the "major" world currencies going back to about the early 1980's for the larger "population" countries and also a few of the more interesting places like Brazil, Egypt, Turkey, Russia, Philippines, Australia, Japan, and Mexico and more typical larger population areas like the "Euro" and (India and China). Its interesting to point out that just about all the worlds currencies have had about a -400% decrees in value of the $USD over the past 40 years or since the early 1980's. If you look at the "log" or "exponential graph" you can see clearly that the exchange rates for the $1 USD to "any other major world currency". The "typical" exchange rate is about 7 to $1 up to about 100 to $1 with a more typical range for "developing or poor" countries being around 25 to $1 to 100 to $1. And most of the others being 7 to $1 or 5 to $1. This may all change soon? This suggest that you can typically get about 4x of any other major world currency for $1 USD over this 40 year period going back to the 1980's. This will likely change!
by idasuperman
4
BANKNIFTY ::: SHORT::: HIGH-RISK TRADE ::: INSTRUMENT: BANKNIFTY TIME FRAME: DAY INDICATORS PSAR: BEARISH STOCHASTICS: BEARISH TREND: BEARISH SELL BELOW: 19510 STOP LOSS: 19700 TARGET: 18400 RISK DISCLOSURE Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
NSE:BANKNIFTYShort
by ajithchand-bhandaari
The Indians could be in trouble - againThis is a 2H time frame set up. I show how this could be worth a shot south or a shot north (subject to your acceptable loss). The estimated probability south is 55% - which leaves 45% for the north. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
IShort
by Captain_Walker
Nifty Demand and supply zones according to me Nothing to add much, in such markets i love to fall back to basic rules. For me the most basic rule of the market is Demand and Supply. Market never turns its back towards this system, price will always respect these zones. Other two systems i will prefer after zones is channel and Fibonacci, have used all three in this chart. Mark these levels on your chart. This chart is having extremely important data in it, analyse this chart deeply. I know i am sharing idea after long time, was busy with some stuff hence forth will try to share ideas more frequently.
NSE:NIFTY
by dhananjay.d.joshi
3