BTCUSD: Approaching A Decent Limit AreaThis pair has shown some resilience to the selling pressure that became evident after touching the sub-60k area. The chart contains all the information that serves as a long signal; nonetheless, it is contingent upon a valid price action once the highlighted key area is reached. Better to avoid sending in the limits to the exchanges, but to consider the 46.8k as a limit area for getting into short risk exposure. With PA confirmation, CMP entries are advised.
Staying tuned for further tells.
Limit_entry
Shreecem Monthly/Weekly/Daily/240 min 19250-17831 Shreecem Monthly/Weekly/Daily/240 min 19250-17831
pro:
1. m/w/d/240 co-inciding levels
2. 2 exciting candle 240 min
3. 2 daily exciting candles
4. 25% inside monthly zone origin
con:
1. level over levels, so execution zone in 240 min is fat
2. not much explosive move in execution 240 min
3. origin of the move is other 75% apart from the monthly location zone,, so still more room to go down inside the monthly damnd zone
INDIGO Daily/60/15 min long 1208-1169 pro: 1. 3 exciting candleINDIGO Daily/60/15 min long 1208-1169
pro:
1. 3 exciting candle in 60 min
2. i explosive candle in 15 min
3.Daily/60/15 min coinciding candle
con:
1. Us market, nifty all coming down
pro:
1. 3 exciting candle in 60 min
2. i explosive candle in 15 min
3.Daily/60/15 min coinciding candle
con:
1. Us market, nifty all coming down
hourly long 364.5-362.9 pro: 1. origin of location move 2. 3 exhourly long 364.5-362.9
pro:
1. origin of location move
2. 3 exciting candle in 5 min
3. origin of 5 min candle move
con:
1. smaller 5 min exciting candle
2. stock is near all time monthly supply, so if it comes downward, it can be aggressive based on margin of safty
RSX Weekly long 22.1 pro: 1.W/d/240 coincidRSX Weekly long 22.1
pro:
1.W/d/240 coinciding
2. gap up n execution 240 min
3. origin of move in weekly demand
IP DAily/hrly/15 exciting demand zone 33.95-33.3IP DAily/hrly/15 exciting demand zone 33.95-33.3
Pro:
1. 3 exciting candles in lower time (60min)
2. 2 exciting candle in location (daily candle)
3. origin of Daily candle up move
con:
1. no location zone basing candle(daily)
2. price is drastically coming down
Dr reddy M/W/D demand zone 4150-3944Dr reddy M/W/D demand zone 4150-3944
PRo:
1. 2 exciting candle in Execution (daily)
2. Co insiding monthly, weekly and daily
3. Just above Monthly demand zone
4. Good structure of Location (Monthly) demand zone
5.Pharma sector is in uptrend, so if any small corection, it can be an oppurtunity
cmp: 4505 21 Aug 2020 . price is other end of the monthly , so need to wait few weeks to get entry probably
coal India Daily nice supply 141.3-142.6coal India Daily nice supply 141.3-142.6
Pro:
1. 2 exciting candle in location(daily)
2.2 exciting candle in 15 min
con:
1. result date volatility and the stock seems to change its momentum towads up for last 3-4 days
2.left there were few trading activity in execution time frame 15 min
ITC Weekly/Daily demand zone 159.8-148ITC good dividend stock around 5%
Weekly/Daily demand zone 159.8-148
PRO:
1. 2 exciting candles in execution candles(daily)
2. Weekly/ daily coinciding
3.origin of move
4. value pick
Con:
1. slow moving stock
2. hospitality business of ITC was hit in ITC during covid
Daily short in 60min at 9.6 & 15min at 10 inside same daily sZnga
Daily short in 60min at 9.6 & 15min at 10 inside same daily supply
Pro:
1.Hrly zone and 15 both zones are with 2 exciting red candles
2. good stecture of zone
3.Stock is already in downtrend in Daily chart
4. Level over lever in 60 min and 15 min one on top of other
Con:
1, not the origin of the move
FB DAily/Hourly long 250-247.4FB DAily/Hourly long 250-247.4
cmp:260.8 17 Aug2020 Price dropped intially till 160 , anf ranging arond there. If it drop till 250. its good buy .
Pro:
1. 3 Exciting leg outs
2. only one candle as base
Con:
1. leg in is not so promising
2. few ranging activity with small candle at left in hrly candles
Ashok lay Daily short 63.2-66Ashok lay Daily short 63.2-66
Origin of a big drop with a gap, so high probability trade.
Ashoklay given 2 days exciting moves after quarterly result out(even though it was not so good) .
After the rally in price in these 2 days, 3 rd day it also shoots up till that daily supply around 64, and from there price started to came down,
so far it has broken a 5 min nice demand, the its just playing with a 15 min lower demand zone.
One way strong bullish momentum for last 2 days and on the other hand its reacting from a daily high probability supply.
So, price should drop further