AkashVarma

AkashVarma

Getting thrown by all types of noise and analysis on BTC even though I have never traded it and don't plan on doing so either. I don't understand how it works and what the supply-demand curve of it actually makes it an asset. Complications ignored, just wanted to have a look at its technical chart. Given that most of the visible traders are either tiktokers,...

AkashVarma

Likely to form inside candles on the monthly candles on the monthly chart and then form future price action patterns A clear weekly solid close formation above 47900 will be crucial for follow through selling WEEKLY SUPPORT ZONE - (45500-44800) Happy Trading!

AkashVarma

Higher Time Frame Analysis - 4 HR - Clear channel formed Major Trendline Broken - In effect from 13 November, 2020 1 HR - 30584 acting as dynamic support For a gap up opening - Clear no trade zone between 30800-30940, long only above this channel For a flat opening - 30615-30580 as support, and short below it till the lower end of the 15 min trendline For...

AkashVarma

Buy above weekly closing of 41.50-42 SL - Daily close below 37.20 T1 - 48.35 T2 - 58.35

AkashVarma

Higher TF Analysis - 4 Hr - Clear inside Candle formation 1 Hr - New Support of 30524 added (pivot) 30406 works as dynamic support Lower TF analysis - 15 min - Narrowing of price No trade until the 15 min channel breakout/breakdown. If breaking the upside then T1 of 30810 If breaking the downside then T1 of 30406 and T2 of 30278

AkashVarma

Weekly Resistance - 32190 Daily Resistance - 31000 Short Below - 30650 Long Above - 30850

AkashVarma

Higher Time frame - Weakness in the trend follower indicator Clear double top formation Lower Time frame - Narrowing of range on the 15 min chart Short below - 30450 with targets of 30200 Long only above 30800 with an hourly close

AkashVarma

Buy above 30610, Sell below 30410 Resistance Zone - 30760-800 Support Zone - 30233-178 Premium eating zone - 30610-410 Algo Performance for the day - 3 trades with clear 1:1.5 RR Ratio

AkashVarma

Buy around CMP - 55 SL - (30-35) Target - 75 (short term) True potential to rally

AkashVarma

Buy at 355 SL - 260 Target - 500 By mid 2020

AkashVarma

Buy at CMP - 65 SL - 53 Target - 85 By mid 2021

AkashVarma

Buy around - 200 SL - 160 Target - ATH 260 By mid 2021

AkashVarma

Power of algo and Price Action with pivots TF Analysis - 1 hour - Narrowing of price 15 min chart - Rejection from the 29300-400 channel 29000 level is the immediate support and once broken and a 15 min close can easily give 28750 3 min chart with the algo - 3 great trades based on price action and pivots with an RR of greater than 1.9 Plan for tomorrow...

AkashVarma

Sorry for the pause in daily updates. Was working on an algorithm based on moving averages for intraday trades as well as positional entries. Time frame analysis - 1 hour - A clear breakout pattern has formed Long entry at 1:15 pm based on algo Dynamic SL - 9 EMA (marked in red) 15 min - Clear trend line being followed 3 min analysis - Got two clear...

AkashVarma

Support Channel - 28320-28170 Resistance - 28730 First major selling of this rally took place at 1:50 pm today. For any flat/gap down opening - Support will be tested (both side trades can be possible in a volatile market) For gap up - Price action at 28730 will hold key. Happy Trading!

AkashVarma

27400, buying the dip for tomorrow No trade zone - 27230-27150 Price action for selling (27370) will be key. Price below that level can lead to 27150 Happy Trading!

AkashVarma

Short below 26550 with clear price action. Targets - 460;360;190 Long above 26800 for targets of 27000. All trendlines available on charts. Happy Trading!

AkashVarma

Pure index management at play. RIL down 9% and BANKNIFTY up almost 1100 points. Missed out on today's analysis,for tomorrow - Global Cues:- Dow Jones Futures are up and running. Waiting for the election results and the FED Decisions. E100 Has bounced off the lows and also broke the minor trend line. Check out my analysis from previous posts on Twitter and...