correctionThe upward and fluctuating trend is expected to continue until the specified resistance levels. Then there is a possibility of a trend change.
Wave Analysis
EURUSD Elliotwaves updateAfter completion of a triangle with an overshoot price made a clear impulsive wave to the downside. This means we have resumed the down trend. Currently price is pulling back for wave 2 before continuing down. High probability area to take a short is on the 4hrs supply zone which is aligned with the zone created with fib 61.8% and 78.5% I expect price will find resistance at this area and continue down. Confirm your entry if it aligns with your trading plan before taking a trade. Cheers and have a great week. #elliotwaves #forextrading #elliotwavesglobal
Cardona: A crypto you can consider holding in the short termHello,
Cardano is a proof-of-stake blockchain network which can run smart contracts and dApps on its ecosystem. Arguably the beginning of the third generation of cryptocurrency, founder Charles Hoskinson broke away from his position at Ethereum in 2015 to create what is now considered one of the more peer-assessed projects in the game. Its native token ADA (named after English mathematician Ada Lovelace) was launched in 2017 and is designed to oversee governance and encourage participation in its ecosystem.
The coin is currently correcting hence setting up for a good opportunity for buys. The flag pattern is a great pattern that can be used for continuation confirmation.
From a fundamental perspective; Cardano has officially ratified its first-ever Constitution, marking a significant milestone in the network’s evolution toward decentralized governance. The document, shaped by months of community discussions, workshops, and input, provides a structured governance model for the ecosystem.
The Constitution, which has received broad approval from DReps and the ICC, will take full effect on February 23. It aims to establish clear rules, transparency, and accountability, ensuring that ADA holders play a direct role in shaping Cardano’s future.
I see an opportunity to buy this Crypto in the short term. You can access this crypto using Tradenation or any other brokers that integrate with TradingView. www.tradingview.com
Sources
www.tradingview.com
www.tradingview.com
www.tradingview.com
Good luck!
ECB rate decision and US NFPs awaits the ailing rand Since my previous idea on the ZAR the SA budget speech ended in shambles after a failed attempt to increase VAT for 15% to 17% and the latest SA CPI figure crept higher to 3.2% in January. In terms of international relations, the vibe between the US and SA has continued sour which also does not bode well for the ailing rand.
The above-mentioned factors strengthened the support rate at 18.30 and the pair has climbed back above the 50-day MA at 18.59. A host of strong data prints from the US and a bounce in the DXY also did not do the rand any favors at the back end of last week.
The headlining events for this week is the ECB interest rate meeting and the NFPs for February. Market expectations are for the ECB to cut rates from 2.9% to 2.65%. The ECB has held a more dovish stance than the Fed since the rate cutting cycle began and if it’s more of the same on Thursday, I expect the DXY to find strong footing which will not be rand positive. Additionally, a strong NFP print will also support a stronger dollar.
Technically the pair does seem to be overbought on shorter timeframes however on the daily the RSI does have room to move higher which could allow the rand to slip further towards the psychological resistance at 19.00 if the above-mentioned events play out against the rand’s favor. A failed break below the 50-day MA will be the first indicator that the rand’s early year recovery has hit the wall, paving the way for a re-test of 19.00.
Gold Turning Bearish on H4Gold trading at 2866.xx
It failed to hold above suggested weekly levels 2953/2958 by making high that was expected weekly resistance on long term charts that achieved low of 2832 on last Friday.
Now as per H4 charts gold is changing bullish direction that started on Jan 2025 to corrective or sideways direction with expected resistance around 2907/2916 that limit the upsides upon test and correct gold further to 2839/2831 that is my initial Goal now.
Please note failing to hold 2831/2830 may open 2790/2756.
Buyers should work with cautions
USD/JPY 1H – Smart Money Outlook📈 USD/JPY 1H – Smart Money Outlook
🔹 Key Levels & Setup:
✅ Demand Zone: 150.115 - 150.307
✅ Fair Value Gap (FVG) suggesting bullish imbalance
✅ Fibonacci Levels aligning with entry confirmations
📌 Trading Plan:
🔹 Potential Long Entry near 150.115 - 150.307
🔹 Targeting liquidity at 151.308
🔹 Confirmation: Price respecting demand & bullish BOS
#USDJPY #SmartMoneyConcepts #OrderBlock #LiquiditySweep #FVG #BreakOfStructure #ForexTrading #PriceAction
Cardano Long-Term: Crypto Strategic ReserveCardano grew by 18,352% between March 2020 and August 2021. The highest volume came in on the third wave and we ended with a truncated five.
Seeing this performance in the last bull-market, we can aim high. Instead of being too conservative and making the same mistake as always, aiming too low, let's aim higher because we know that Cryptocurrency has huge potential, it is new and young.
From current price to $10.5 we are looking at ~895% potential. From the August 2024 bottom to the same target we have some 3,770%. I think that with the current size Cardano has now such total growth might be reasonable, but the market is not reasonable. We don't know the meaning of a "Crypto Strategic Reserve." We don't know what it means, in turns of prices and numbers, many nations buying Crypto. We can end up with a bull-market that is hundreds of times stronger than anything we've seen before. In this case, all projections would breakdown and prices would go off the chart. I hope this happens.
Since we cannot predict the unpredictable nor calculate based on assumptions, let's go with what we have. What is the chart saying, what are the potential targets and how will the bull-market unravel. We want answers to those questions.
The targets are the ones seen on the chart.
The minimum target for a new ATH based on conservative and standard calculations would equal $4.86. Short-term targets that will be hit within the next three months go as follows: $1.33, $1.66, $1.83, $2.00, $2.22, $2.66 & $3.49.
A strong target and projection sits at $7.77 and a $10.58 is the next All-Time High if we have a great bull-market based on standard projections. The ultra-bullish scenarios we welcome and enjoy them if they show up but they are beyond this chart.
The main support range after the Trump Pump sits between $0.9116 and $1.0094. If it goes lower, we have $0.8138 but I don't think lower is possible. This is for support if the market decides to shake. Remember, it is a long bull-market so there will be plenty of time for volatility to show up. Whatever happens, remember the bigger picture; we are going up.
I always liked Cardano and I share many analysis and many charts so it is great to see that we have Trump's support. Our future is bright. If we are smart, we buy and we hold.
Don't just think about next year or next month, consider 10 years into the future, maybe even 20 years... Think of the big tech companies. One can become rich with one project, one coin. Just as the old people from the 70s and 80s. We are approaching the bull-market of a new generation. No limits now, no barriers, no filters; everybody can join.
Cryptocurrency, the stock market for the people.
Thanks a lot for your continued support.
Namaste.
LTC Update 1DThere is a relatively strong support in the range of $115 - $106 for LTC. As long as the price remains above this range, we can expect a significant upward movement for LTC 🫡🚀
GBPCAD’s Bullish Surge: What’s Next? 💹 The GBPCAD has been in a strong bullish trend, reaching into previous highs on the daily timeframe—a key liquidity zone! 💰 This is a crucial area where smart money may take profits or induce a retracement before the next move.
📉 Given that price is currently overextended, I’m not looking to buy at these highs. Instead, I’ll be watching for a potential pullback into an unresolved imbalance, where we could see a high-probability long setup—if price action confirms the move. 🧐
💡 Patience is key in trading. Chasing price at extreme levels often leads to significant losses. I’ll be waiting for the right conditions to align before looking for an opportunity.
⚠️ Not financial advice. Always trade responsibly!
📊 Let me know your thoughts in the comments below.. 👇
BTC UPDATE!!BTC Update:
The current Bitcoin price has entered a critical selling pressure zone. To maintain a bullish outlook, a break above the $99.5k-$100k resistance level is necessary.
Failure to do so may result in the formation of lower highs on the daily time frame, potentially leading to another downward move towards the FWB:73K -$72k support zone.
On the weekly time frame, Bitcoin has left a wick downside without closing below it, which is a positive sign. However, the next candle is crucial, and a close above the $99.5k-$100k zone is needed to maintain bullish momentum.
A close below the $90k- GETTEX:89K zone would likely confirm another downward move towards the lower low structure of FWB:73K -$72k.
As indicated by the chart, failure to break above the $99.5k-$100k zone may result in the formation of lower highs, potentially leading to another downward move.
Investors are advised to exercise caution and not be swayed by market noise. The chart is indicating a potential move towards lower lows if the resistance level is not broken.
To manage risk, consider booking short-term profits and implementing stops on the profit side. Always prioritize risk management and adjust positions accordingly.
Key levels to watch:
- Resistance: $99.5k-$100k
- Support: FWB:73K -$72k
- Critical zone: $90k- GETTEX:89K
Nasdaq volatility NOT OVER YET!!Make note of the following liquidity targets this wk
Buy-side near term tp @ 21110-21160 (selling from there)
Sell-side tp @ 20378 (scaling into long buy positions from there)
ECB rate cut and NFPs await the DXYThe DXY dropped to fresh yearly lows at 106.13 since my previous idea which does not bode well for my string of ideas calling for the DXY to break above 110.16. The DXY however managed to climb back above the blue support range between 107.12 and 107.50 at the back end of last week off the back of a stronger than expected durable goods orders m-o-m print of 3.1% while the 4Q2024 GDP print and the m-o-m Core PCE price index landed in line with expectations at 2.3% and 0.3%, respectively.
The headlining events for this week is the ECB interest rate meeting and the NFPs for February. Market expectations are for the ECB to cut rates from 2.9% to 2.65%. The ECB has held a more dovish stance than the Fed since the rate cutting cycle began and if it’s more of the same on Thursday, I expect the DXY to find strong footing which will allow it to re-test the 50-day MA at 107.98. Most of the focus will however be on the US non-farm payroll print for February.
The NFPs print for January came in slightly lower than expected and another weak print on Friday will have investors question the validity of Powell’s statement that the US economy is strong and that the Fed is in no rush to cut interest rates, which I expect will be dollar negative. A strong print however will allow the DXY to hold levels above the 50-day MA and test levels closer to the 61.8% Fibo retracement at 108.97.
Gold📌 **Sell:**
✔ In short-term timeframes (M1, M5, M15), both MACD and Stochastic indicate overbought conditions and a potential downward correction.
✔ The M30 timeframe is still in an uptrend, but a pullback to the downside is possible.
🎯 **Conclusion:**
Success rate for selling: ✅ **70%** (more reliable than buying in the short term).
📌 **Strategy:** Short-term selling with a tight stop-loss and a corrective target towards lower support levels.
📌 **Buy:**
✔ In H1 and H4 timeframes, signs of a trend reversal are emerging, but MACD has not yet given a solid confirmation.
✔ If MACD turns bullish on H1 and Stochastic exits oversold territory, buying will be a safer option.
🎯 **Conclusion:**
Success rate for buying: ✅ **55%** (higher risk, requiring more confirmation).
📌 **Strategy:** Wait for MACD confirmation on H1, then enter a buy position upon resistance breakout.
🚀 **Final Recommendation:**
🔹 Enter short-term sell positions in lower timeframes with a tight stop-loss and proper risk management.
🔹 Wait for a confirmed buy signal on H1 and H4, as MACD has not yet turned fully bullish.
🚀 **Short-term selling (scalping) is more probable**, but additional confirmation is needed for a buy position.
### **Suggested Targets Based on Timeframes & MACD + Stochastic Analysis**
🔴 📉 **Sell Targets:**
Considering overbought conditions in lower timeframes and a potential downward correction, the best sell targets based on different timeframes are:
✅ 📌 **First Target:** 2850 (Short-term support in M5 & M15)
✅ 📌 **Second Target:** 2842 (Key support in M30)
✅ 📌 **Third Target:** 2830 - 2825 (Strong support in H1, aligning with the moving average)
🛑 **Stop Loss for Sell Positions:**
🔹 **2862** (Breakout of the current resistance in M15 & M30)
🔹 **2868** (If the price reaches this level, the trend may reverse)
---
🟢 📈 **Buy Targets:**
A **full confirmation from MACD in H1 and H4** is required for a buy setup. However, if the price rebounds from the **2830 support zone**, the following targets are expected:
✅ 📌 **First Target:** 2865 (Initial resistance in H1)
✅ 📌 **Second Target:** 2880 - 2890 (Strong resistance zone in H4)
✅ 📌 **Third Target:** 2915 (Long-term target if resistance levels are broken)
🛑 **Stop Loss for Buy Positions:**
🔹 **2825** (If this level is broken, the downtrend is likely to continue)
🚀 **Suggested Strategy:**
📌 **Short-term sell (scalping) from 2857**, targeting **2850 and 2842**, with a **stop loss at 2862**.
📌 **Buy if confirmed at 2830 - 2825**, targeting **2865 and 2880**, with a **stop loss at 2825**.
🔍 **Important:** Before entering positions, confirm with **trading volume and candlestick patterns in higher timeframes**. 🚀
NIFTY - 5TH WAVE IS GOING TO PERFORMYour Elliott Wave analysis suggests that NIFTY is currently completing a complex 4th wave correction, which often involves sideways or volatile moves before the impulsive 5th wave begins. Since Wave 4 tends to be unpredictable, it's crucial to monitor key support and resistance levels to confirm the upcoming 5th wave rally.
Key Observations & Expectations:
Wave 4 Complexity & Volatility:
Wave 4 corrections are often zigzags, flats, or triangles—leading to choppy price action.
Expect sharp up and down swings before NIFTY resumes its uptrend.
Wave 5 Impulse Move:
Once consolidation ends, Wave 5 should break above Wave 3’s high.
Expect higher highs, supported by strong momentum and volume.
Confirmation Levels:
Support: Recent lows from the correction (possible retests).
Resistance: Previous high (Wave 3 top).
A breakout with high volume would confirm Wave 5 initiation.
Trading Strategy:
Avoid aggressive positions in Wave 4 due to its choppy nature.
Look for a breakout above key resistance before entering long positions.
Use tight stop losses if trading within the range.
Key Takeaways:
✅ Current Phase: Wave 4 correction (complex and volatile).
✅ Next Move: Once consolidation ends, Wave 5 will be an impulsive move upward.
✅ Key Levels to Watch:
Support: Recent lows from the correction phase.
Resistance: Previous high (Wave 3 top).
Conclusion:
NIFTY is currently in a volatile phase but preparing for a strong upside move in Wave 5, which is typically the most impulsive leg. A breakout above key resistance will confirm the uptrend, and traders should position accordingly.
👉 Disclaimer: This analysis is purely for technical knowledge purposes only. Before making any trading decisions, consult your financial advisor.
FIBS TREND EXTENTIONS RULES:
-If price break Point 2, 4, 6, or 8 cancel the setup
-Price needs to break Point 1, 3, 5, or 7 to confirm the setup
When price reach the 100FE(BLUE BOX) it normally does a pullback/retest or reversal
The market can Truncate(fall short)
Btcusd looking Buy BTCUSD BUY
ENTRY 92350
1ST TP 93500
2ND TP 94250
3RD TP 95000
4TH TP HOLD FOR BIG MOVE
SL 91800
Btcusd take some retracement and tap on 4H and 1H IRL..
AND made SmT with ETHUSD
WE take take after turtle soup then CISD
Insane Growth Is Just Beginning For Bitcoin BTCHello, Skyrexians!
Recently we made two analysis on BINANCE:BTCUSDT . In the first one we pointed out that $80k is going to be the reversal point, in the second that bullish reversal bar has been confirmed at $85k. Now we are seeing how it is playing out. This is just the beginning of a pump. Here is why.
On the daily time frame we can see the green dot on the Bullish/Bearish Reversal Bar Indicator which has appeared when price bounced form. 0.5 Fibonacci. For us this is the clear sign that wave 2 has been finished and now Bitcoin is printing wave 3. This wave has the most realistic target next to $180k at 1.61 Fibonacci extension, but the strong resistance can be met at $140k.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
AAVEUSDTSo!
1. SUI almost reached at 2.4 as I said. Of course, my position has been opened, but not for the full movement.
2. Should we wait for a bullish movement? If I find many tokens showing a bullish pattern, then yes!
3. On the first impression, For AAVE, as soon as the consolidation is finished, a bullish movement should begin.
4. AVAX hasn’t reached the goal point
OILUS Oil - Crude Oil
This Analysis is based on these Factors :
1 Demand Zone
2 Break of Structure
3 Change in Characteristics
4 Bearish Channel
5 Elliot Waves
DXYDXY Index
This Analysis is based on these Factors :
1 Support / Resistance
2 Falling Wedge
3 Elliot Waves
4 RSI - Divergence
5 Change of Characteristics
GoldXAUUSD ( Gold / U.S Dollar )
The Factors for this Analysis :
1 Fibonacci Level
2 Elliot Waves
3 S / R Level
4 Bullish Channel
5 Break of Structure
BANKNIFTY : Intraday Trading levels and plan for 03-Mar-2025
This analysis provides a comprehensive trading plan for the BANKNIFTY index on March 3, 2025, covering all possible opening scenarios. We will evaluate Gap-Up, Flat, and Gap-Down openings (with gaps of 200+ points) and outline clear action points, key levels, and risk management strategies. This plan is designed to help traders navigate the market with precision and discipline. 📈🔍
🔹 Scenario 1: Gap-Up Opening (200+ points)
If BANKNIFTY opens above 49,131 (a gap of 200+ points from the previous close of 48,931), it signals strong bullish momentum. This opening suggests aggressive buying interest, potentially driving prices higher after recent downside pressure.
If the price sustains above 49,131, it could target the resistance zone of 49,524–49,782. This zone is a profit-booking area where selling pressure may intensify due to historical resistance and recent highs.
If the price faces rejection at 49,524–49,782, a reversal trade could be considered, targeting a pullback to 48,813–48,931 (opening support/resistance and previous close).
Should the price break above 49,782 with strong momentum (e.g., high volume and bullish candlestick patterns), we might see a rally toward 50,000 or higher.
✅ Trade Plan:
✔️ Buy on a breakout and retest of 49,131 , targeting 49,524–49,782. Use a stop-loss below 48,931 to manage risk.
✔️ Short if the price rejects 49,524–49,782, aiming for 48,813–48,931. Place a stop-loss above 49,782 to limit potential losses.
Explanation: A Gap-Up opening of 200+ points indicates a potential reversal from the recent downtrend. Waiting for a retest of 49,131 confirms bullish intent, while the resistance at 49,524–49,782 acts as a natural profit-taking zone. A rejection at this level could signal a shorting opportunity if bearish momentum resurfaces.
🔹 Scenario 2: Flat Opening (Near 48,931–48,813)
If BANKNIFTY opens within the range of 48,931–48,813, it suggests a balanced market with no clear directional bias, likely consolidating near recent support levels. This zone acts as a critical opening support/resistance area.
A breakout above 48,813 could drive prices toward 49,524–49,782, signaling bullish momentum and a possible trend reversal.
A breakdown below 48,931 might lead to selling pressure, targeting 47,573–47,363 (buyer’s support/must-try zone) or even 47,300 (key support level).
✅ Trade Plan:
✔️ Buy above 48,813 , targeting 49,524–49,782. Use a stop-loss below 48,931 to protect against a false breakout.
✔️ Sell below 48,931 , targeting 47,573–47,363 or 47,300. Set a stop-loss above 48,813 to manage downside risk.
Explanation: A Flat opening within the 48,931–48,813 range indicates the market is in a consolidation phase, a no-trade zone unless a breakout occurs. Traders should wait for clear price action (e.g., strong candlestick patterns or increased volume) to confirm a breakout above 48,813 for a bullish move or a breakdown below 48,931 for a bearish move, avoiding premature entries.
🔹 Scenario 3: Gap-Down Opening (200+ points)
If BANKNIFTY opens below 48,731 (a gap of 200+ points from the previous close of 48,931), it signals bearish sentiment and potential weakness, testing lower support levels.
Immediate support lies at 47,573–47,363 (buyer’s support/must-try zone). If this holds, a pullback toward 48,931–48,813 could occur.
If 47,573 breaks with strong selling pressure, expect further downside toward 47,300 (key support level for a possible reversal).
✅ Trade Plan:
✔️ Buy near 47,573 , targeting a pullback to 48,931–48,813. Use a stop-loss below 47,363 to limit risk.
✔️ Short below 47,573 , targeting 47,300. Place a stop-loss above 47,573 to protect against a quick recovery.
Explanation: A Gap-Down opening of 200+ points suggests continued downward pressure, but support at 47,573–47,363 could trigger a rebound if it holds. Waiting for confirmation near 47,573 ensures the price isn’t just oversold, while a break below this level confirms bearish momentum for shorting. The 47,300 zone is a critical level for a potential reversal if buying interest emerges.
📌 Risk Management Tips for Options Trading 💡
🛑 Always Use a Strict Stop-Loss: Protect your capital by setting stop-loss orders at key support/resistance levels to limit potential losses.
🎯 Take Partial Profits: Lock in gains at intermediate targets (e.g., 49,524 or 47,573) to secure profits while allowing room for further moves.
🕰️ Avoid Overtrading: Stick to the plan and wait for clear price action confirmation—don’t force trades in uncertain conditions.
💰 Use Proper Position Sizing: Risk only a small percentage of your capital (e.g., 1–2%) per trade to ensure longevity in the market.
📌 Summary & Conclusion 🎯
✔️ Bullish Above: 48,813 → Target: 49,524–49,782.
✔️ Bearish Below: 48,931 → Target: 47,573–47,363 or 47,300.
✔️ No Trade Zone: 48,931–48,813 (Wait for a breakout).
Trade with discipline, follow your plan, and prioritize risk management to navigate the BANKNIFTY market effectively on March 3, 2025. 🚀
⚠️ Disclaimer
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions. 📉📈
NIFTY : Intraday Trading levels and plan for 03-Mar-2025
This analysis provides a comprehensive trading plan for the NIFTY 50 index on March 3, 2025, covering all possible opening scenarios. We will evaluate Gap-Up, Flat, and Gap-Down openings (with gaps of 100+ points) and outline clear action points, key levels, and risk management strategies. This plan is designed to help traders navigate the market with precision and discipline. 📈🔍
🔹 Scenario 1: Gap-Up Opening (100+ points)
If NIFTY 50 opens above 22,163 (a gap of 100+ points from the previous close of 22,063), it signals strong bullish momentum. This opening suggests aggressive buying interest, potentially driving prices higher after a consolidation phase.
If the price sustains above 22,163, it could target the resistance zone of 22,355–22,460. This zone is a profit-booking area where selling pressure may intensify due to historical resistance and recent highs.
If the price faces rejection at 22,355–22,460, a reversal trade could be considered, targeting a pullback to 22,127–22,063 (opening support/consolidation zone and previous close).
Should the price break above 22,460 with strong momentum (e.g., high volume and bullish candlestick patterns), we might see a rally toward 22,600 or higher.
✅ Trade Plan:
✔️ Buy on a breakout and retest of 22,163 , targeting 22,355–22,460. Use a stop-loss below 22,063 to manage risk.
✔️ Short if the price rejects 22,355–22,460, aiming for 22,127–22,063. Place a stop-loss above 22,460 to limit potential losses.
Explanation: A Gap-Up opening of 100+ points indicates a potential breakout from the current consolidation range of 21,613–21,600. Waiting for a retest of 22,163 confirms bullish intent, while the resistance at 22,355–22,460 acts as a natural profit-taking zone. A rejection at this level could signal a shorting opportunity if bearish momentum builds.
🔹 Scenario 2: Flat Opening (Near 22,063–22,127)
If NIFTY 50 opens within the range of 22,063–22,127, it suggests a balanced market continuing its consolidation phase with no clear directional bias. This zone acts as a critical opening support/resistance area.
A breakout above 22,127 could drive prices toward 22,355–22,460, signaling bullish momentum and a possible trend reversal.
A breakdown below 22,063 might lead to selling pressure, targeting 21,889 (first buyer’s support) or even 21,613–21,600 (possible bottom-out level).
✅ Trade Plan:
✔️ Buy above 22,127 , targeting 22,355–22,460. Use a stop-loss below 22,063 to protect against a false breakout.
✔️ Sell below 22,063 , targeting 21,889 or 21,613–21,600. Set a stop-loss above 22,127 to manage downside risk.
Explanation: A Flat opening within the 22,063–22,127 range indicates the market is still consolidating, a no-trade zone unless a breakout occurs. Traders should wait for clear price action (e.g., strong candlestick patterns or increased volume) to confirm a breakout above 22,127 for a bullish move or a breakdown below 22,063 for a bearish move, avoiding premature entries.
🔹 Scenario 3: Gap-Down Opening (100+ points)
If NIFTY 50 opens below 21,963 (a gap of 100+ points from the previous close of 22,063), it signals bearish sentiment and potential weakness, testing the lower support levels.
Immediate support lies at 21,889 (first buyer’s support). If this holds, a pullback toward 22,063–22,127 could occur.
If 21,889 breaks with strong selling pressure, expect further downside toward 21,613–21,600 (possible bottom-out level for a reversal).
✅ Trade Plan:
✔️ Buy near 21,889 , targeting a pullback to 22,063–22,127. Use a stop-loss below 21,600 to limit risk.
✔️ Short below 21,889 , targeting 21,613–21,600. Place a stop-loss above 21,889 to protect against a quick recovery.
Explanation: A Gap-Down opening of 100+ points suggests continued downward pressure, but support at 21,889 could trigger a rebound if it holds. Waiting for confirmation near 21,889 ensures the price isn’t just oversold, while a break below this level confirms bearish momentum for shorting. The 21,613–21,600 zone is a critical level for a potential reversal if buying interest emerges.
📌 Risk Management Tips for Options Trading 💡
🛑 Always Use a Strict Stop-Loss: Protect your capital by setting stop-loss orders at key support/resistance levels to limit potential losses.
🎯 Take Partial Profits: Lock in gains at intermediate targets (e.g., 22,355 or 21,889) to secure profits while allowing room for further moves.
🕰️ Avoid Overtrading: Stick to the plan and wait for clear price action confirmation—don’t force trades in uncertain conditions.
💰 Use Proper Position Sizing: Risk only a small percentage of your capital (e.g., 1–2%) per trade to ensure longevity in the market.
📌 Summary & Conclusion 🎯
✔️ Bullish Above: 22,127 → Target: 22,355–22,460.
✔️ Bearish Below: 22,063 → Target: 21,889 or 21,613–21,600.
✔️ No Trade Zone: 22,063–22,127 (Wait for a breakout).
Trade with discipline, follow your plan, and prioritize risk management to navigate the NIFTY 50 market effectively on March 3, 2025. 🚀
⚠️ Disclaimer
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions. 📉📈
