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Sensex Support and Resistance Levels for Better Trading DecisiI’ve created a chart highlighting the key support and resistance levels for Sensex, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
BSE:SENSEXLong
by Prabhu2020
FTSE UK100 Reaches Key Demand Area Amid Seasonal TrendsThe FTSE UK100 index has recently reached a crucial demand area, igniting traders' interest amid seasonality patterns observed over the past decade. Historically, this time of year tends to witness upward momentum in the index prices, making this a significant area for potential bullish moves. Given the historical context, many traders are closely monitoring developments as they assess whether the index will follow suit and initiate a rally. From a fundamental perspective, the recent Commitment of Traders (COT) report provides a tantalizing glimpse into market dynamics. It reveals that while retail traders are predominantly bearish, "smart money"—the institutional investors—appear to be accumulating long positions. This divergence is notable; retail sentiment often serves as a contrarian indicator. With smart money stepping in at a demand zone, there is potential for a bullish reversal, which could support the index as it seeks to capitalize on favorable seasonal trends. Moreover, the broader economic landscape remains conducive to this optimistic outlook. As the UK grapples with various macroeconomic factors, including inflation rates and monetary policy responses, investor sentiment has become increasingly nuanced. A stronger performance in the FTSE may be supported by sectors that typically thrive during this time, such as commodities and financial services, providing tailwinds for the index. As traders look ahead, the focus on a bullish scenario is intensifying. The critical consideration is whether the FTSE UK100 can sustain momentum above the demand area, signaling a recovery phase that may align with both historical patterns and smart money positioning. If the index can maintain its footing and demonstrate strength in the coming sessions, it may very well affirm the bullish sentiment among those advocating for a market upturn. In summary, the convergence of seasonal patterns, contrasting market sentiment as illustrated by the COT report, and the strong fundamental backdrop paints a compelling picture for the FTSE UK100. Traders are poised to explore opportunities in a potentially bullish scenario, keen to see if the index will follow historical tendencies and deliver a strong performance in the latter part of the year. As always, careful monitoring of market developments will be essential in navigating this promising but complex landscape. ✅ Please share your thoughts about FTSE in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CAPITALCOM:UK100Long
by FOREXN1
1
FIN NIFTY S/R for 4/11/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:CNXFINANCE
by zenthosh
BANK NIFTY S/R for 4/11/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:BANKNIFTY
by zenthosh
SPX in monthly (log)Hello community, A quick review of the month on the SPX index. A red candle for this month of October. I have indicated in orange the simple 12-period average (monthly) The price is in the upper part of the channel, I don't see anything alarming on the chart. The trend is still bullish, I prefer to invest my money in the American market, than on the old continent which is very sick! Whether it is Harris against Trump, the new president will have a country in working order to face the future. I have confidence in the USA. Make your opinion, before placing an order. ► Thank you for boosting, commenting, subscribing!
SP:SPXLong
by DL_INVEST
ASI Weekly Chart Update - 29/04/2024Resistance Zone - 13300 to 13600 Support Zone - 11000 to 11275 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:ASI
by rukshan2102
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PEPPERSTONE:US2000Long
by Thief_Trader
MS and META brought down the entire index USTEC continued its decline following disappointing earnings from two major tech stocks. Despite Apple (AAPL) and Amazon (AMZN) reporting earnings and revenue above expectations, Apple’s shares fell in after-hours trading due to weaker sales in China. Meanwhile, the VIX has climbed to its highest level since Aug, signaling potential headwinds as elections approach. USTEC declined steeply and failed to hold the 20000 threshold. The index broke the channel’s lower bound, and EMA21 has death-crossed EMA78, sending a bearish signal. If USTEC fails to re-enter the channel, the index's downtrend may extend to 19700. Conversely, if USTEC breaches 20140 after re-entering the channel, the price may gain upward momentum to 20680.
NASDAQ:NDX
by inkicho_exness
2024-10-31 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr Indexes - October is behind us and markets closed at the monthly lows. Clear sell signal going into November, since this is an amazing bear breakout. Markets are now in search for a intermediate bottom to form a proper channel. Most markets are also at bigger support and we can expect some more sideways to up movement before we get another impulse. That does not mean we can’t print another huge down day on Friday and have the pullback next week. dax xetra comment: Monthly chart shows a rejection at the top of multiple patterns and odds favor more downside over the next 1-2 months to have something of a pullback in this bubble. Weekly 20ema is around 18800, so only 200 points lower, which is reasonable to hit over the next days but we can’t expect that ema to be broken too easily. My rough target for November is 18000-18500. Daily chart shows huge bear gap bars and market needs some sideways to up movement soon. current market cycle: trading range - bull trend is over. key levels: 18900 - 19400 bull case: Bulls running for the exits and want to take profits before they are gone. 19000 is a decent target for market to take a breather and move sideways to up. Targets for bulls are gap close to 19270, which is also the daily 20ema. 19400 is far but could happend. I can’t imagine anything above that for now. 18900 has to hold, otherwise we see a flush down to ~18340, which is the 50% pullback. Invalidation is below 19000. bear case: Bears are in full control of the market after 3 huge selling days. Volume is increasing and xetra has not touched the 1h 20ema since Tuesday. Bears can view this leg down as w1, which already had 3 nested legs down (1 per last 3 days). Some pullback and sideways movement is expected. If bears can keep this below 19300, that would show strength and w3 would accelerate down in that case, since bulls had no better relief. Next target is 18900 and below that is 18800 (weekly 20ema), below that is nothing until 18400. Invalidation is above 19300. short term: Bearish but more cautious and only selling pullbacks again. 18900/19000 should be bigger support. Expecting two more legs down in November, rough target is 18000. medium-long term: Will update this over the weekend. current swing trade: None trade of the day: ~19170 was rejected many times and bears had enough chances to get on the short train. 19000 was obvious support and one should have covered there.
XETR:DAXShort
by priceactiontds
Bearish US30 Butterfly Pattern Understanding the Pullback of US30 Butterfly Pattern In the world of trading, understanding different chart patterns is crucial for making informed decisions. One such pattern is the butterfly pattern, which is currently evident in the US30 market. Traders have observed a pullback in the US30 butterfly pattern from level 1.276 to a lower level. This pullback indicates a potential shift in market momentum, prompting traders to re-evaluate their positions and consider new trading strategies. The possible target of the seller butterfly is at the level 1 Fibonacci, which serves as a key support and resistance level. Traders should closely monitor the price action around this level to gauge the strength of the selling/buying pressure and assess the potential for downward/upward trend.
CAPITALCOM:US30Short
by SEYED98
1
NQ is losing momentun and going redHello traders, As you can see The Nasdaq is starting to lose momentum after being bullish for several days. This is because NQ came back from strong levels, the daily 20.790 and the weekly 20.296. From a 1H chart point of view, the price made a beautiful pull back on the weekly getting strong momentum then was rejected downward looking for the next daily level of 19.973 giving us a beautiful short trade. If price hit the daily level and gets rejected, look for a pullback then go long searching the next daily level 20.144. But if price breaks the daily 19.973, wait for a pull back then go short searching the next weekly 19.760. Good luck everyone and Happy trading!
NShort
by YMtradingsystem
VIX for a blowout Another VIX post which have been received well in the past. SPX is due for a huge correction and I think this will begin today, alongside all other major indices. We see a Cup & Handle formation in the making and I believe that this is soon to be confirmed. It is also resting on a historical trend line as well as various other resistance related metrics. Target is very conservative with a lot of room to go past the highs in August. Re asses as this moves.
VLong
by SkyTrees
Tech costs hurtingFollowing on from Alphabet’s better-than-expected earnings report on Tuesday evening, Microsoft and Meta Platforms were the next two ‘Magnificent Seven’ constituents to update the market. Both companies reported after last night’s close, and both managed to disappoint investors in slightly different ways. Microsoft beat expectations for both earnings and revenues. But it issued a downbeat outlook for future growth which saw the stock drop 4% in early trade. Meta also posted revenues and earnings above those forecast. But user numbers came in light and the company warned that infrastructure expenses were set to soar due to spending related to generative AI. The stock fell 5.5% on the news, but has pared some of those losses this morning. The news has put investors on edge as they await results from Apple and Amazon after tonight’s close. Other significant earnings reports are due today from Uber and Intel. Meanwhile, Merck was up over 1% after announcing solid third quarter earnings and revenues, helped by sales of its cancer drug Keytruda. Sentiment towards tech hasn’t been helped by the sell-off in Advanced Micro Computers which dropped 8% earlier this week on an earnings miss, and following a slump of 37% in Super Micro Computers after the resignation of its auditors. US stock index futures are on the backfoot this morning, led by the NASDAQ which is down 1%. This follows a negative session yesterday which saw modest losses for all the majors. On the economic data front, today sees the release of weekly Unemployment Claims together with Core PCE, the Fed’s preferred inflation measure. Back in the summer, this hit its lowest level in over three years at 2.6% year-on-year. But it has ticked up since then, which, should it do so again today, may persuade the Fed to hold off from cutting rates in December. The probability of a 25 basis point cut at next week’s meeting is unlikely to be affected, as it stands at 96%, according to the CME’s FedWatch Tool. Yesterday, the first look at Q3 GDP came in at 2.8% annualised, and below the 3.0% expected. But there was an unexpected jump in ADP Payrolls, although it is tomorrow’s official Non-Farm Payrolls which are of greater importance as far as investors are concerned. But investors look slightly rattled for now. Further bad news on tech earnings could see more shredded nerves and a tendency to sell first and ask questions later.
TRADENATIONSB:US500
by TradeNation