Bitcoin at the peak of its cycle afetr consolidating for 36 week. Breakout can result in good surge in price. Trump win will also give a boost to Bitcoin $$$. Dont forget to manage your risk and position sizing. Whats Your view on this ?
GBPUSD is reaching at highest area of confluence to short 1- Trendline traders are looking to short 2-Support and resistance trader are looking to short(as it is reaching imp resistance) 3-Fibonacci traders are looking to short 4-Ema traders are looking to short both 20 and 50 ema Hence it is at higher area of confluence to short WAIT FOR THE SHORT TERM...
Justdial is consolidating on daily timeframe since one month. its breaksout can give approx 12-13%profit within few days or week. Enter only after it breaks 985 put stop loss of 3.5% (must) and take profit at nearly 1115 or 1120 and wait for the volume to spike up and then u can enter risk reward in this swing trade is 4:1 NOTE: This is just a trade setup...
VODAPHONE AND IDEA is at long term resistance if it breaks then it has 50% of profit target in upcoming week or months an accumulation at bottom is a structure which proof that there is a fight for position in a narrow range its breakout and quaterly results will be keenly observed.
follow proper risk reward in this trade dont get out in pullback
LIC HOUSING FINANCE TECHNICALLY INDICATING LONG OPPORTUNITY. (with clear price action) There is a AREA OF CONFLUENCE AT 425 buy above the 50EMA, break of short term down trend Target of 8-10 % trade with stop loss.
LIC HOUSING FINANCE TECHNICALLY INDICATING LONG OPPORTUNITY. (with clear price action) There is a AREA OF CONFLUENCE AT 425 buy above the 50EMA, break of short term down trend Target of 8-10 % trade with stop loss.
BTC is in parellel channel,gave couple of chances for long position and once for short with prove as an increase in volume and clear price action. Currently BTC is at perfect resistance level, bearish engulfing pattern or beak of short term uptrend in lower time frame would be perfect opportunity for shorting or breakout of current resistance find another...
Nifty slip as investors were interested in profit booking in IT sectors ignoring Q2 result of infosys. Bank nifty,metals and IT sector technically indicating RSI DIVERGENCE which might lower nifty for upcoming few sessions.
Gold has already touched the sky due to fear in equity .there mighty be selling pressure at few level The long term trend is in uptrend supporting 200days moving average .A dip is expected for further continuation of an uptrend POSSIBILITY OF DIP might be in range of 47400 - 48000. Most imp part is that its short term trend is in down trend since first week...
There is a long positional opportunity in icici bank ... 1) at a 15 min time frame there is a formation of decending triangle,its breakout may signal an upward movement 2) IF 50 EMA closes above the moving average its again signal for buy 3) A BULLISH ENGULFING pattern or bullish candle at the stucture zone is 100% confirmation for long. NOTE: Trading is...
NIFTY METAL is forming a downtrend since jan 2018 Now it has gained tremendously toward the resistance its breakout may result long opportunity for trader If 2244 breakdown then there will be shorting opportunity. AS DUE TO COVID COMPANIES AND BANKS ARE STRUGGLING METALS ARE PERFORMING TREMENDOUSLY AND THERE WILL BE GROWTH IN THIS SECTOR UNTILL THE COVID END.
india bull real state is moving in an uptrend since 26thmarch and struggling to break the resistance at 72.65 breakout may possibly make the move to another resistance at 86.35 and the reversal may result better profit in the favour of shorting. NOTE: The above analysis may result wrong as it is trading and trading is all about momentum and game of possiblity.
The market always moves in a phrase... THE MAIN FOUR PHRASES OF MARKET ARE : 1] accumulation 2] advancing 3] distribution 4] declining NIFTY was on distribution stage since september to march preceding decining stage THERE IS A HUGE POSSIBLITY OF CONSOLIDTION BEFORE FURTHER UPTREND NOTE: MY ABOVE ANALYSIS MAY NOT RESULT TRUE BECAUSE NONE CAN...
ICICI BANK is on support of 339.5 followed by since may and making resistance on 395.45 Tommorow green candle may be an indication for bulls
The nifty 50 started to move in an uptrend from 25th march the day after the public curfew. An inner triangle started to arise from 29th of April and the trend started to decrease in triangle format.We may say that the nifty may go up or down but in a systematic manner. Rakesh jhunjhunwala once said, "uncertainities are the only certainity".