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Technical Analysis

NIFTY INTRADAY LEVELS FOR 19 AUG 2024BUY ABOVE - 24590 SL - 24530 TARGETS - 24660,24710,24780 SELL BELOW - 24530 SL - 24590 TARGETS - 24460,24380,24320 NO TRADE ZONE - 24530 to 24590 Previous Day High - 24590 Previous Day Low - 24200 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
SWING IDEA - VIP INDUSTRIESVIP Industries , a leading manufacturer of luggage and travel accessories, is displaying technical indicators that suggest a promising swing trading opportunity. Reasons are listed below : 450-500 Strong Support Zone : The 450-500 level has been established as a strong support zone, providing a solid base for potential upward movement. Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement. Daily Candle Engulfed 7 Daily Candles : The recent daily candle has engulfed the previous 7 daily candles, demonstrating significant buying interest and a potential shift in trend. Golden Fibonacci Zone : The stock is finding support at the golden Fibonacci retracement level (0.618), a key area where prices often bounce back, indicating potential for an upward move. Increased Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 575 // 660 // 715 Stoploss - weekly close below 445 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:VIPINDLong
by Visionary_Growth_Insights
ETH (Ethereum): Approaching ResistanceTrade setup : Price broke below its 200-day moving average, which signaled downtrend. However, it got oversold (RSI < 30) near $2,400 support and bounced up. Also notice the unusually high volume, which also suggests that a lot of sellers have already exited. Momentum is inflecting bullish again (MACD Histogram rising) and price could reach $2,850 resistance. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. The recent launch of nine ETH Spot ETFs could also boost demand for ETH. Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $2,400.00, then $2,100.00. Nearest Resistance Zone is $2,620.00, then $2,850.00.
Long
by altFINS
BlackRock Bitcoin ETF Is Forming An Intraday Bullish SetupIf we take a look at the hourly chart of BlackRock Bitcoin ETF with ticker IBIT, we can see nice and clean five-wave intraday rally from the lows, followed by an a-b-c corrective setback with first support at 32 area, while second deeper one would be around 31 area. So, seems like it's forming a nice intraday bullish setup formation, thus watch out on a bullish continuation, while it's above 28 invalidation level, just keep in mind that bulls may step in above 34.15 level.
NASDAQ:IBITLong
by ew-forecast