Stockmarkets
CRWD (Multi-Support Bounce)CRWD is currently retesting a key support area between ($90.94 - $102.08) for the second time since its last touch back on June, July, and August 2020. This touch /bounce of support is also in confluence with a 3rd touch of the support area within a massive falling wedge that began to form after CRWD reached all time highs November 2021. In addition to this information, CRWD is also forming a smaller falling wedge on the lower time frames adding more confirmation to a bounce from this area. On the monthly chart, CRWD is creating smaller monthly candles with volume showing a decline along with these decreasing in size. Note: There are two GAPs on the daily to be filled. One between ($99.78 - $102.54) and the other between ($125.52 - $136.31).
Trade Idea:
For an early ENTRY wait for a break and hold of the current resistance area between ($98.70 - $100.63) after the break of $99.78. TARGET the next resistance area between ($108.94 - $112.07).
For a safer entry with added confirmation of a trend change. First allow the break of the resistance area between ($98.70 - $100.63) then wait for a retest/reject of the next swing high around $107.44 - 108.46 or maybe even the next resistance area between ($108.94 - $112.07). After this reject allow for CRWD’s price action to make its way back down to retest the previous resistance area to ensure that it has turned into support and wait confirmation to enter.
Being that this is analysis applies to the Daily, Weekly, and Monthly charts, this setup could be used to make short term swing trades or long term LEAPs, depending on your chosen targets.
Me personally, I would make short term trades on the way up but my ultimate target is CRWD making its way back up to the resistance line/zone of the larger falling wedge, maybe even filling the big GAP zone between ($125.52 - $136.31)
Wherever you choose to enter, please manage risk accordingly and choose your stop loss wisely.
CF Industries Holding Analyze!!!🌿CF Industries Holdings, Inc. is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products, based in Deerfield, Illinois, a suburb of Chicago. It was founded in 1946 as the Central Farmers Fertilizer Company.
After growth of about 500%😱 in the last two years, CF Industries Holding has finally exited its ascending channel.
I expect CF Industries Holding to decline to the minimum support zone (about 15% down).
🔅CF Industries Holding Analyze ( CFUSD ) Timeframe 2Days⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
the big short.I don´t like what I see on monthly basis and so am I still bearish for 2023. We have seen a turbulent 2022 and big tech companies have lost more than 50% ytd.
Following the trend line from 2009 on, I would say it is not a surreal idea of the NASDAQ going back to 7000 pts.
the chart, history, indicators and current economic global situation is providing good signals for the ongoing bear market.
not a financial advice
dyor
Vertex - rising wedge patternWhat we can see in the chart is a rising wedge pattern. We expect the price to break down from the rising wedge formation.
It may take a little bit more time since the price is still consolidating inside the wedge.
You should enter short position when/if the price breaks down of the wedge with a volume surge.
Do not forget to put a stop loss once you enter the trade.
Stop loss should be placed above the wedge.
$DJI can move 5,000 pts lowerWhen corporate earnings decline and unemployment rises, the Dow Jones Index will fall further. Zoom out on weekly and see monthly. Macro cyclical changes are happening right now.
If you plan for it, you can capitalize on it. For example, move retirement money out of equity funds into cash. You can increase savings now to buy a car or home when prices drop. Think about your job security and make backup plans. Arrange your personal finances and evaluate your spending habits so you are better prepared for an economic downturn.
I am not trying to scare anyone. I am not shouting for a crash. As a 40+ adult who understands much more than the last five yrs of stock market rising, I am offering practical insight into what is possible.
TSLA is approaching the critical level at 85
Would you consider buying TSLA at 85? or do you see the price falling further down? 85 is a critical level based on the current price cycle.
Not financial advice; the analysis is based on my technical indicator for educational purposes only.
You can follow my work for future updates and short to long-term forecasts on the stock market as we navigate through market volatility.
Bearish Diamond Reversal for SPX if confirmedThe SPY is forming a bearish diamond reversal pattern just below critical trend resistance from the larger trend. If we create a bear-spring pattern at this larger trend resistance marked with the dotted green line, or if we simply reject down from it, then we can assume a high likelihood of breaking the diamond to the downside.
Of course, naturally, if we form support at or above the larger trend resistance, then we can assume the price will not complete the bearish diamond reversal pattern and will do something else entirely.
VIX Simple Chart AnalysisVIX - Quite worry on this VIX double bottom here cause it will rebound higher if CPI is bad. Coming CPI forecast at 7.3% might be little too over confident as previous is only 7.7%. If is below 7.3% definitely a Christmas rally will spark off. Let's pray for this.
How about the audience thoughts? Free to comment & share.
Nifty Levels & Strategy for 09/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Nifty: Today Nifty defended the support levels & again started heading towards 19K level. FIIs were super bearish from last 2 days. Today, they switched the gear and became bullish in F&O after Gujarat election results. They are still net seller in cash segment in Dec. Two major events are over now RBI policy (specially commentary) & election results. Now, market will wait for US Fed policy in next week.
Buying momentum is strong. Option data is indicating mild bullish move. Retail traders should look for buy on dips opportunity, book profit near lifetime highs & simply follow the trend till Nifty continue to respect & hold the major support levels.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 08/DEC/2022
NIFTY IS UP BY 49 POINTS
Name Price Previous Day Change % Change
Nifty 18609 18561 48.85 0.26%
India VIX 13.40 14.08 -0.68 -4.83%
OPTION STATISTICS BASED ON 15/DEC/2022 EXPIRY DATA
Max OI (Calls) 18600 (Open Interest: 6106300, CE LTP: 138)
Max OI (Puts) 18600 (Open Interest: 5680700, PE LTP: 83)
PCR 0.75 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Tomorrow the Dollar will continue it's descent!Now that we've retested the neckline of our H&S which intersects perfectly with the 200 day moving average, the dollar will have found permission from the bulls, who will give up here, to continue it's descent.
Follow the VIX in correlation with this downward trend and we will begin to observe still more bullish activity in the stock market. Should the moves be significant, we can only hope that crypto will follow slightly, or at least hold from sustaining more losses.
Best,
Stew
Bank Nifty Levels & Strategy for 07/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Bank Nifty: Options data indicating mild bearishness ahead of RBI policy. Smart money/big players have added plenty of new bearish positions. USA market are already nervous ahead of another rate in next week. Tomorrow, we can expect a sideway move ahead of RBI policy. Post RBI policy market direction will be dependent on rate hike & commentary by RBI regarding inflation & growth outlook.
Red Flags to keep in mind for coming days:
1.RBI meeting is going on. Reserve Bank of India (RBI) is likely to go ahead with another rate hike approx. 0.35% on Dec-07
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
3.Gujrat results on Dec-08. Exit-poll results looking good for market
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 06/DEC/2022
BANK NIFTY IS DOWN BY -194 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43139 43333 -194.40 -0.45%
India VIX 14.04 13.73 0.31 2.26%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43200 (Open Interest: 2962250, CE LTP: 235.15)
Max OI (Puts) 43000 (Open Interest: 3863625, PE LTP: 111.2)
PCR 0.78 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short covering, OTM:Long Liquidation, ITM:Short covering, FAR OTM:Long Liquidation
Nifty Levels & Strategy for 06/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Nifty: Options data indicating sideways. Smart money/big players are adding bullish positions. However, as a retail investor, we should continue to book profit near new lifetime high & wait for good trade setup/good buy on dips opportunities.
Red Flags to keep in mind for coming days:
1.Today, RBI meeting started. Reserve Bank of India (RBI) is likely to go ahead with another rate hike (approx. 0.25%) on Dec-07 then what will happen in banking stocks?????
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
3.Gujrat results on Dec-08. Exit-poll stuff started today evening.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 05/DEC/2022
NIFTY IS UP BY 5 POINTS
Name Price Previous Day Change % Change
Nifty 18701 18696 4.95 0.03%
India VIX 13.73 13.45 0.28 2.10%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 9728050, CE LTP: 15.95)
Max OI (Puts) 18700 (Open Interest: 5218500, PE LTP: 78)
PCR 0.68 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Bank Nifty (5DEC) Analysis 🐂1:- Chance Of GAPUP
2:- Bank Nifty Will be Mostly BULLISH
3:-Bank nifty is properly giving respect to (Support trendline)
4:- Bank Nifty Can Give Move to Both Side(CE,PE)of 200+ pnts to both side
5:- IMP Resistance:- (43515.60, 43332.10, 43160.60)
IMP Support:-(43015.10, 42876.35, 42655.65)
IMP ZONE:- (43281.90 to 43332.10)
6:- MY up side target will be Till (43400)
7:- Up Side 200+
Down Side:- 400 (safely 200)
Market Can be BULLISH🐂
ONLY FOR EDUCATION PURPOSE
Nifty Levels & Strategy for 05/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Nifty: Options data indicating mild weakness. FIIs are super bearish & Retail traders are super bullish. Retail traders should be trading carefully near lifetime high levels & hedge their overnight positions. Wait patiently & trade only good quality trade setup with decent R:R.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 02/DEC/2022
NIFTY IS DOWN BY -116 POINTS
Name Price Previous Day Change % Change
Nifty 18696 18813 -116.40 -0.62%
India VIX 13.45 13.36 0.09 0.67%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 8855950, CE LTP: 20.95)
Max OI (Puts) 18700 (Open Interest: 4353550, PE LTP: 88.6)
PCR 0.7 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Not In The Clear Just Yet... 🚨👀Taking a look at possibly the 3 most important charts for any trader; VIX, SPX, and USD 🔮
With a massive rebound in equities, crypto, risk assets, we're seeing much chatter that "the bottom is in".
Although we've made some nice trades in this week's pump, we don't think we're in the clear just yet.🥶
You don't have to look too far either.
Looking at the VIX 1W chart. We can see we are approaching a sure-fire support level with a rebound all but guaranteed if you're just looking at the chart.
Line this up with the SPX 1W chart, and you'll see we're approaching significant resistance at the same time.
Combine these two with a bullish trending US dollar, and you have the perfect recipe for another leg down.📉
Now we can certainly push up further. We would almost expect it.
However, to say the "bottom is in" would be naive.
As always, we'll continue to look for intraday setups, but mid to long term we remain bearish.
Stay safe and happy trading!
-TucciNomics
Chief Overlord, AlgoBuddy
S&P500 - Big Correction Incoming 📉Taking a look at the SPX Daily chart.🍿
We've drawn out 3 dip + rallies to illustrate that a 4th dip might be on the way. ⬇️
After being rejected at 4000, we can see the path down to 3300-3400 looks increasingly more likely. 📉
This combined with an expected/rumored earnings slump & lackluster Q4 for companies...🥶
We've also thrown on the US Equity Gaps indicator to help confirm this thought process.
Credit card debt at record levels, thousands being laid off, basically dead real estate market...not much reason to be bullish rolling into 2023. 🐻
-TucciNomics
Chief Overlord
Bank Nifty Levels & Strategy for 29/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Once gap-down was bought instantly amid global issues which is buying indication buying euphoria. Later Bank Nifty moved up but failed to cross previous day high/lifetime high. Profit booking at higher level forced Bank Nifty to closed flat. Shorts are build up in ATM/OTM/ ITM calls & puts except long liquidation in puts which show mild bearishness. Who is making money????? As usual, option writers are really making good money.
Avoid buying euphoria amid ongoing global issues, retails traders should continue wait patiently for good trade setup for identifying buying/selling opportunities. Retail traders must hedge their overnight positions. Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 28/NOV/2022
BANK NIFTY IS UP BY 37 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43020 42984 36.50 0.08%
India VIX 13.57 13.33 0.23 1.74%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 43000 (Open Interest: 5644175, CE LTP: 222.7)
Max OI (Puts) 43000 (Open Interest: 4493450, PE LTP: 187.6)
PCR 0.84 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Nifty Levels & Strategy for 22/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Nifty is trying to fill-up left out gap. Put side long buildup & short covering indicates the little weakness in Nifty. Call writing continued in all types of options. PCR shifted in oversold zone. India VIX started increasing but still at lower/comfortable level which indicates that Bulls are looking ready to buy any decent dip. Overall bias is slightly negative.
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 21/NOV/2022
NIFTY IS DOWN BY -148 POINTS
Name Price Previous Day Change % Change
Nifty 18160 18308 -147.70 -0.81%
India VIX 14.80 14.39 0.41 2.83%
OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA
Max OI (Calls) 18300 (Open Interest: 12104450, CE LTP: 37.5)
Max OI (Puts) 18000 (Open Interest: 6988150, PE LTP: 20.7)
PCR 0.64 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation