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INR

USDINR - Approaching resistance zoneAfter showing a sharp fall early last week, USDINR has again started its upward journey. It is slowly approaching a strong resistance zone. This zone lies between 79.69 - 79.82. A breakout of this will clear its path towards 80.00 and then towards the recent all time high of 80.20. However, a strong rejection of this level might mean a fall back to 79.00 levels. So, if you are planning a fresh entry, price action in the region of 79.69 - 79.82 is an area to watch for.
by rjoshicool
Bitcoin (BTC/USDT) Price AnalysisBTC has been on a downtrend and the fall was severe in the recent past, As of now the price has recovered a little bit and is above the major support level of 29500$. As long as the price stays above the same we can expect the fall to stop and recover. But if the price candle closes below this level we can expect more pain in Bitcoin. Supports below are at 24k and 19k. In case you are looking to invest in crypto, Deploy small amounts/partial amounts of the capital now and in further dips at support levels. For trading i am planning to short below 29500 (Weekly Candle Close). DYOR Research before trading or investing. Not Responsible for P&L. Only for educational purposes.
by tradewidmufeeth
NIFTY50 Price Analysis - Medium to Short TermNifty50 index has been in the price range for nearly 6 months and is under high volatility due to variety of news flows. As of now Nifty 50 is near major resistance and any significant breakout and close above it will cause a rally while any reversal will cause a correction for the short term. A decisive Breakout is must for the bulls to continue in dalal street. Any adverse news will also affect its rally or correction in the medium to short term. DYOR Own research before Trading/Investing. Not responsible for P&L.
NSE:NIFTYLong
by tradewidmufeeth
Bitcoin BreakoutBitcoin has broken out from a medium-term consolidation and is now ready to go for a rally in the medium term. It has broken out both Trendline and Price Resistance of 45k. Traders can enter around 46850 (close of the previous bull candle) or wait for the price to retest and enter around 45500. Stop Loss to be placed below both Trendline and price support of 44k. Maintain Proper Risk Reward Ratio. Bitcoin has to take out Major and Minor Resistances mentioned in the chart to continue the bullish momentum and rally forwards, so it is wise to book profits near resistances when your risk-reward ratio has been achieved. Trade 1: Long @ 46850 SL @ -7% Target @ 10% Risk Reward Ratio 1:1.5 Trade 2 (Safe Entry): Long @ 45500 SL @ -6.25% Target @ 12.5% Risk Reward Ratio 1:2 Note: Not Responsible For P&L. Only for educational purposes. DYOR Before Trading.
Long
by tradewidmufeeth
BTC/USDT Major Breakout PossibilityBitcoin is at a vital price point. 44k appears to be a major resistance but there has been a breakout in the hourly time frame. So there would be wild price move either on upside or downside. BTC /USDT has to either breakout of 45k and close to rally further or breakdown and fakeout. Either one has to happen in the near future (In a few hours). So be ready to catch the wild move. Long on close above 45350 Short on close below 43400 Risk Reward Ratio 1:2 or 1:3 Check out my related trade idea for previous breakout. DYOR Before Trading/Investing. Not Responsible for P&L.
by tradewidmufeeth
Multi Year Breakout in Silver. A New Bull Run?Silver Micro Futures has broken out from a triangle pattern with good volumes. It has been correcting under the same for nearly 560 Days. Due to geopolitical tensions, commodity prices are expected to rise. This could mark a bull run in Silver. Resistance is marked in Red. So it would have to take out the supply area to continue Rallying. Even Though This could be the start of a bull run in silver, I would like to make a small and quick profit from the bullishness. Buy @ 68888 Target @ 74757 Stop Loss @ 65466 Risk Reward Ratio 2:1 As it has broken out from a year-long correction we can expect silver prices to go higher after taking out Major Resistances. Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
MCX:SILVERMIC2!Long
by tradewidmufeeth
EUR/INR Price AnalysisDue to Geopolitical tensions, the value of the Euro is expected to rise in comparison to INR. The currency pair has broken out and is looking to retest before continuing with the up move. So It would be a good idea to enter in a retest and expect a reversal rally. 200 EMA also acts as a firm dynamic support. Supports are marked in Green and Resistances in Red. In case of breakdown, we can expect the pair to dip towards the 77 mark. Forex Trading Positions betting on currency value depreciation can also act as a Hedge for Long Positions in Indian Equity Swing Trading. So it would be a good idea to go long on Retest and wait for the pair to break out of the smaller triangle pattern. Long @ 82.55 Stop Loss @ 80.05 Target @ 87.55 Risk Reward Ratio 2:1 Selling Put Options near the Support Options with Hedge could also be a good strategy. Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
by tradewidmufeeth
Nifty 50 Ready For A Rally? Medium Term Analysis + Trade Ideas ---> Is Nifty 50 (Indian Markets) Ready for a rally? Will Markets stop correcting? Has the short/medium term bottom been made in the market at 15700? Nifty has been in a downtrend for the past few months due to a variety of factors like FII Selling, Geopolitical Tensions, etc. The market has corrected nearly 16% from All-Time High and now it is looking to bounce back after touching 15700. As the problems look to ease across the globe and as all international markets are recovering. Nifty50 has rallied from the bottom and has broken out from the trendline it has tested multiple times. This breakout is a crucial factor for the bulls to stay. This breakout can cause a rally in the near term but for the bulls to continue we need fundamental factors to be positive or at least neutral. It looks to also take out the 200 EMA which will also act as a support in the near term. Therefore it's time to go long in Nifty. Check out my other stock ideas too. LONG @ 16870 SL @ 16400 TARGET @ 17680 RISK REWARD RATIO -1.75:1 If This Rally Sustains, Fundamental Factors like Geopolitical tensions, Rate Hikes, crude prices, etc. Get Resolved and other resistances are taken out, we can expect 15700 to be the bottom and get ready for another bull run for the next few years. The Valuations of many stocks have also cooled down and are now fairly or undervalued. So it is wise to deploy money into investing in good quality companies. But any negative news or deteriorating economy or fundamentals can trigger a further crash. As for now, markets are bullish and bears might exit after a long time. Even if the markets go down by a bit. Quality Stocks will find their way back up. Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing. Kindly Checkout my view on the current bull run in S&P 500 which I have attached below in related ideas.
NSE:NIFTYLong
by tradewidmufeeth