Review and plan(stocks to watch) for 30th May 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Results
NRB Bearings: Bullish Setup & Earnings BoostChart Pattern:
NRB Bearings has recently exhibited an inverted head and shoulders pattern, which is typically a bullish reversal indicator. This pattern suggests a potential upward trend following a period of consolidation.
Support Levels:
The stock has established a strong base at key support levels, indicating sustained buying interest and forming a solid foundation for future price movements.
Critical Resistance:
A decisive close above the 340 level could significantly boost the stock's price, as it would confirm the breakout from the inverted head and shoulders pattern, signaling a stronger bullish momentum.
Upcoming Catalyst:
The upcoming quarterly results are anticipated to reflect good financial growth, which could serve as a catalyst for upward price movement. Positive earnings reports often attract increased investor interest, driving the stock price higher.
Trade Setup:
Entry Point: Consider creating a long position if the stock closes above the 340 level, confirming the bullish breakout.
Stop Loss (SL): Set a stop loss below the right shoulder of the inverted head and shoulders pattern to manage downside risk effectively.
Target Levels: Identify initial targets at previous resistance levels. Further targets can be adjusted based on the stock's performance and overall market conditions.
Disclaimer:
Before taking any position, consult your financial advisor to ensure the trade aligns with your investment strategy and risk tolerance. This analysis is for educational purposes only and does not constitute financial advice.
Happy Trading!
Trading Ideas Results for March-AprilThis year I started sharing my analytical reviews and trading ideas since mid-March. I like using TradingView because here you can't edit or delete a published idea. Everything that has been published can be found and verified, which is not always possible on other platforms, for example, in Telegram channels where the administrator can adjust the statistics.
It's time to summarize the interim results of trading ideas from mid-March to April 30. In this review, I will only consider short-term ideas on the daily and hourly timeframes. Medium-term ideas on the weekly and daily timeframes will be analyzed in a separate review.
There were 4 short-term ideas. All of them are on the chart attached to this post. One for buying and three for selling. The results are also visible on the chart, and they are 100%, all targets were achieved. You can find more details about the ideas by following the links below (see related ideas). But was everything so good? Unfortunately, no, if we look more closely at how the price moved in each idea.
For AVAX, the selling time was chosen perfectly. Without any drawdown (2%), the price reached the target: +29%.
For ETH, I waited for the price to return to the range of 3200-3400 for buying, the drawdown after buying reached up to 3%, and the achieved target was +12%.
For SOL, the idea was to sell, and the drawdown on the trade reached up to half of the target (4%), but then the target was achieved with a gain of +11%.
For ORDI, a less favorable moment was chosen for selling compared to other ideas, resulting in a drawdown of 23%, which is comparable to the achieved final target of +24%.
It is worth noting that ORDI's market capitalization is 15 times smaller than AVAX's. Could this be the difference? What is an acceptable drawdown percentage for you before the idea works out? Share your thoughts in the comments.
By the way, as part of the educational article on March 31, I made a short-term forecast for OPUSDT. Interestingly, it also worked out. Without any drawdown, the target was achieved: +29%.
I will publish the interim results of medium-term ideas in a separate review.
Review and plan for 29th April 2024Nifty future, banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Review and plan for 26th April 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Review and plan for 25th April 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Review and Plan for 24th April 2024Nifty /banknifty and stocks analysis, and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Trading Psychology and Your Losses
Hey traders,
In this post, we will discuss a common fallacy among struggling traders: overestimation of a one single trade .
💡The fact is that quite often, watching the performance of an active trading position, traders quite painfully react to the price being closer and closer to a stop loss or, alternatively, coiling close to a take profit but not being managed to reach that.
Fear of loss make traders make emotional decisions :
extending stop loss or preliminary position closing.
The situation becomes even worse, when after the set of the above-mentioned manipulation, the price nevertheless reaches the stop loss .
Just one single losing trade is usually perceived too personally and make the traders even doubt the efficiency of their trading system.
They start changing rules in their strategy, then stop following the trading plan, leading to even more losses.
❗️However, what matters in trading is your long-term composite performance . A single position is just one brick in a wall. As Peter Lynch nicely mentioned: “In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.”
There are so many factors that are driving the markets that it is impossible to take into consideration them all. And because of that fact, we lose.
The attached chart perfectly illustrates the insignificance of a one trading in a long-term composite performance.
Please, realize that losing trades are inevitable, and overestimation of their impact on your trading performance is detrimental.
Instead, calibrate your strategy so that it would produce long-term, consistent positive results. That is your goal as a trader.
#BTC #Bitcoin #Update & #Result #Eddy #BTC #Bitcoin #Update & #Result #Eddy
Update : (( The possibility of correction of Bitcoin from the specified price tags can be deep or within the specified limit, what do you think? ))
Result : (( Out of 6 signals sent, we experienced a stop "Risk-Free" & a stop "loss" & 4 signals received their profit <3 )) What's About You? ;-)
Related Relevant Analysis of Bitcoin : (( BTC/USD )) : Check Link :
My #Analysis of #USDT "Tether Market Cap Dominance" from the link below :
Previous BTCUSDT.P Setups 1+2 :
Previous BTCUSDT.P Setups 3+4 :
Previous BTCUSDT.P Setups 5+6 :
Quarterly result trade in JHUNJHUNWALA stockCrisil Ltd. the famous multibagger stock of Late Sri Rakesh Jhunjhunwala portfolio has posted its best ever quarterly result, revenue of 918 cr and net profit of 210 cr. For the first time ever it has crossed 200 cr quarterly net profit. The yearly sales has also crossed 3000 cr and net profit of 650 cr for the first time ever. It is an excellent result by the company. The stock is expected to rise up in the next week and can be considered a good buy for the next week time period and also it can be considered an excellent pick for long term investing because of continuous growth every year and future growth potential.
Please invest after your own analysis.
May this analysis post positive profit in your portfolio.
Thank you
GBPUSD Jan 17th Long Results Long Signal Trade
Jan 17th 2024
Results
A.1 Set-up On the 4h chart
Entry Price: 1.26350
Stop Loss: 1.25850
Take Profit: 1.27200
Note: Alerts are for 2 long trades off previous zone.
My Trades:
I placed two long trades (see 1 and 2 on chart)
Trade 1: I took 0.75% profit
Improvements: I could have let the trade breath and I would currently still be in the trade with a new locked in profit of 1.08%
Trade 2: Scale in trade
Was a breakeven trade
Improvements:
Same concept as trade 1. If I did I would be locked in with 2% profit and looking for a 3rd scale in trade.
Here result 😌 on $BTC pump and dump Hi 👋 I am RAJ 😊 professional trader ✨
Here result 😌 on BITSTAMP:BTCUSD i predicted on May 2023
Said we are going to reach correction and pump 📌
7 month's completed 🚀 as plan going forward ⏩
Check ✔️ chart 📉📈 as said reach $31.8k then correction $25.2k 😂
Then return pump towards $37.8k
Wicks 40's
Meanwhile 😂 may PPL struggle to predict up or down 😆
Here my successfully result 😌
I don't say only sucess
This year 🙌 i done 18 charts prepared 12 succeed 6 lost
VIX - THE RECESSION INEVITABLE?The "VIX = Volatility Index S&P500" has predicted us in the last 3 decades, quite reliable possible "extreme movements".
= Why in the next 2-years such an event could occur, we will take a closer look in the following article.
WHAT IS THE VOLATILITY INDEX S&P500
= Expresses the expected range of fluctuation of the U.S. stock index S&P 500.
= To determine volatility, it measures the distribution of options that run on these stocks.
TABLE OF CONTENTS
- 1st part = VIX
- 2nd part = VIX PROPERTIES + USE
- 3rd part = CURRENT SITUATION
- 4th part = CONCLUSION
PART ONE
"PAST."
If you compare the past of the "VIX" with the S&P500, you will notice that the - 36.47 - mark played / continues to play a very important role.
Every time the "VIX" exceeded the - 36.47 -, there was extreme volatility in the S&P500 and other asset classes.
PAST EXTREME MOVEMENTS .
> 01.10.1998
> 01.10.2008
> 03/02/2020 (near crash)
Why the VIX has such a big impact on the S&P500 and how we can actively factor this into our trading follows in part two.
PART TWO
"VIX CHARACTERISTICS"
The "VIX" provides information on how serious fluctuations could be based on the option volume.
= "VIX" goes up -> Statistically more likely that the S&P500 will fall.
= "VIX" goes down -> Probably that the S&P500 gains slightly.
Additionally, it can be noted that as soon as the "VIX" gets close to - 36.47 - many market participants take profits.
WHY IS THIS SO?
The market has already reached a "VERY VOLATILE point".
> Price - FALLS - fast = SHORT positions will take profits > BUY
> Price - RISES - fast = LONG positions will take profits > SELL
CONSIDERATION OF "VIX" IN TRADING?
"VIX" = Negative correlation to the S&P500 = "VIX" goes up = S&P500 goes down.
= This negative correlation occurs because institutional investors use options to hedge against high volatility (hedge against stocks).
RISING "VIX"
= less liquidity in the stock markets + position reduction = stocks fall
FALLING "VIX"
= More liquidity in the equity markets + position building = equities rise
PART THREE
"CURRENT SITUATION"
> The "CORONA crash" could not make a new HH in the "VIX", which is why this could still be pending at the current view.
= 2020 the market "fell" "35.41%" in the SPX
= 2008 the market "fell" "57.69%" in the SPX
With the technical analysis, I come with the current constellation, to a higher "VIX" value than the 2008 reached.
= which would mean a bigger sell-off.
> Since 2018, we have been testing a "falling resistance line."
= Similar resistance lines resulted in the past when broken, with significant volatility + movement in the S&P500 (= traditional markets).
= The current resistance line has been respected several times, resulting in reactions.
> The "rising resistance line" since 1990 + "the arc" + "the macroeconomic environment", suggest another "VIX" breakout .
> The rising resistance line was tested at the two "extremes" - 01.10.1998 + 01.10.2008 - on.
= this meant, both times, the temporary end of the extreme volatility
= in 2020 we could not reach it, which additionally suggests another "breakout".
> If the price trend continues to consider the direction of the arc, then this leads us to a much higher target than 2008 / ever before.
PART FOUR
CONCLUSION
"If the VIX is high, then it's time to buy, if the VIX is slow, it's time to go"
> Regardless of the outcome of the analysis, anyone who hasn't used the VIX before should now have gained a little insight.
The future looks anything but bright for now, however we can use this time to learn and grow .
The VIX could delay the final decision for another 2-years, which is certainly to the advantage of each of us.
= Despite this still "long" period of time, a decision will be made in the future.
> Let's discuss it in the comments and exchange our perspectives, your view on the whole thing would interest me "burning".
If this idea and explanation has added value to you, I would greatly appreciate a review of it.
Thank you and happy trading!
Infosys going back to 1200?INFY has been in a bearish structure on the daily chart since March 23. It had gapped down to 1190 levels in April after a bad surprise in results. It has pulled back to the 1280 area which is the base of the gap. If selling pressure continues, a short position could be considered keeping the following levels in mind:
SHORT BELOW: 1254.25
STOP LOSS: 1279
TARGET 1: 1229.50
TARGET 2: 1204.75
Please do wait for at least a 15 min candle close below the "SHORT BELOW" level before initiating the trade.
_______________________________________________________________________________________________________________________________
OKXIDEAS contest resultsWe are thrilled to announce that the OKXIDEAS contest has come to a successful conclusion. We would like to extend our gratitude to every one of you for your enthusiastic participation and for sharing your innovative ideas with us!
The quantity, quality, and diversity of ideas presented truly exceeded our expectations - this made the selection process both challenging and exciting. After careful evaluation and consideration from our curatorship team, we are pleased to reveal the winners of the OKXIDEAS contest:
Without further ado, here is the list of winners:
1st Place: @TheSignalyst
2nd Place: @Kriptotiks
3rd Place: @basically_always
4th Place: @jhnee
5th Place: @pejman_zwin
6th Place: @Master_Chartistlab
7th Place: @FxTraderProAsistan
8th Place: @FX_Professor
9th Place: @leandrosander_
10th Place: @Trader1SH
Congratulations to all of our winners, including @SPY_Master, who despite hailing from an ineligible region of the world, added significant value to our contest. We are greatly appreciative of everyone's efforts and look forward to hosting future competitions!
My statistics - 10 possitions +1152% ROE (BTC/ETH/ALTCOINS) 1 -trade deal 102.8% ROE with 20x
TRXUSDT - Optimal option for position with PWH. LFT Confirm
TRXUSDT - Profit 102.8% achieved take profit. DONE
2 -trade deal +223.2% ROE with 20x
BTCUSDT - will there be a breakdown of the 30000 level?
RESULTS Long
3 -trade deal +103% ROE with 20x
LITUSDT - optimal entry point search!
RESULTS
4 -trade deal +69.3% ROE with 20x
ICPUSDT - Considering an entry point for long possition!
RESULTS
5 -trade deal +49.4% ROE with 20x
APEUSDT - Scalp Trade idea 30m TF
RESULTS
6 -trade deal +144% ROE on 20x
ADAUSDT - trying to open LONG
RESULTS
7 -trade deal +147.2% ROE with 20x
MATICUSDT - Well goes from htf
RESULTS
MATICUSDT - achieved the ALL TARGETS +147.2% ROE with 20x
8 -trade deal +173.4% ROE with 20x
THETAUSDT - OPTIMAL ENTRY POINT FOR A LONG POSITION
RESULTS
THETAUSDT - All target DONE
9 -trade deal +52% ROE with 20x (in progress)
ETHUSDT - A lot of levels are waiting for correction
RESULTS
ETHUSDT - First TP DONE, but something is not goin (+52% ROE)
10 -trade deal (IN PROGRESS) +87.6% ROE 20x
RESULTS
I have the hope that my work for you brings profit to your wallets.
For more information, see my profile description.
TRADE UPDATE: 12R has now been achieved on the front sideEIGHTCAP:BTCUSD
Price moved aggressively to our target and I manually exited my positions with a solid 12R gain. I've now entered the backside short position with a 1 R risk, knowing that I will walk away in the worst case with an 11R trade here.
In profit,
The Meditrader
USD/JPY DETAILED ANALYSISOANDA:USDJPY
HI, TRADER'S , Daily Basis i am working Hard to provide you best setup's and detailed Analysis of market
In our previous Analysis , We predicted That Market Will break the Down Channel and will move up
after the retest of trendline , MARKET is ready to Go up again and hit the target.
Moving Average is also supporting market at 131.20 level and pushing it to go up
❤️Please, support my work with follow ,share and like, thank you!❤️
AUD/USD BEARISH OUTLOOKOANDA:AUDUSD
HI, TRADER'S As you see as per predicted AUDUSD broke the Channel UP Last Week
AND Now again Trading in an UP channel , Market is reaching towards
major Resistance WHERE 20,50,200 EMA waiting to resist Market
Take your entries of sell and target down 70-100 pips
❤️Please, support my work with follow ,share and like, thank you!❤️