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FSL For short term Analysis.1) Monthly – Moving up into RSI 60+ from oversold zone, reversed at Fibonacci retracement levels of 61.8% 2) Weekly – Uptrend, inside candle has formed. 3) Daily is in a range consolidation for the last 10 trading sessions. 4) 75 Minutes shows a solid compression, if the range breaks 150.30 and sustains for about 1 Hr + then one may consider going long till 160-165 range. Triangle patterns visible with solid support being taken at every fall, the lower range is being protected. 8-10% UPSIDE visible for an immediate swing purpose. All my views are for educational purpose only, Trade as per your risk. Happy trading!
NSE:FSLLong
by Rugminik
2
Nifty Analysis, Important Levels and Intraday Trade Plan Aug 211) Monthly trend is up 2) Weekly retracement is progress, RSI at 60, make or break zone. 3) Fib 23% retracement at 19250 – which is done already 4) Fib 38% at 18789 – very important as it is Monthly swing top demand level. 5) Daily – Crucial support at 50 EMA. RSI < 40. Has not been broken since March rally from 16800 bottom. 6) 4H sitting at 100 EMA crucial support. Has not been broken since March rally from 16800 bottom. Only small sign of reversal is the inverted hammer that has been formed, but it would be active only if it has a follow through candle. 7) 75 minutes timeframe shows 200 EMA breakdown. 8) 75 minutes Timeframe shows a price pattern of descending triangle price pattern. 9) 75 minutes Timeframe also shows a double bottom price pattern with bottom in the range of 19250-19300, a break of the descending triangle support zone is probable, hence there is a probability of 700 points of down move from here, which points to 18600 area. Only if 19300 breaks and sustains for more than 75 minutes. There is also a probability of reversal from 19300 zone. 10) A reversal for an up move would be confirmed only after a strong Daily close above 19600 levels. For positional basis. For an Intraday basis, one may consider if the price sustains strong above the 19480 zone. Hence Nifty is at a Major Make or Break zone. Intraday Trade Plan : ---------------------------------------- Supply zones are marked in black Demand zones are marked in green Market opens flat- 1) May be price would pick the demands at PDC , PDL , consolidate and move till supply levels, majorly PDH zones. Better to Ignore the consolidation and break upside move as there are too many supply zones unless consolidation and breakout happens in PDL / PDC zone itself. One may also enter if PDH is consolidated and taken out. 2) Price may consolidate at PDC TO PDL and break PDL, a great opportunity to trade consolidation and breakdown from PDL, 19250 breakdown till 19200, 19199-19183. One may look for close entries to 19250 for PE side entry. Market opens gap down - 1) If the gap is small, within 19200, price may fill the gap, and then consolidate and then breakout or breakdown, will wait for price action, take a breakout or breakdown trade, If breakout then till PDC , then PDH. If breakdown then till Day Low then to next demand zones as per PA. 2) If the gap is huge, less than 19200, it may most likely continue to move down to 19139, then consolidate further for next movement, one may wait to either trade trend continuation at key demand zones or trade reversals from the demand zones, either of which based on Trade setup confirmations. Market opens gap up - 1) Price may come in for gap filling and then consolidate and break up or break down, will ignore break up trades, will trade a breakdown trade with price pattern consolidation break down confirmation for a target of PDC / PDL. 2) Price consolidation and breakout moves at 19387/PDH zone can be considered for a move till 19470 zone. Please trade at your risk, all views for educational purpose only. Happy Trading! Recipe for a Successful Trader - Rules for Entry, Risk Management for Exit and SL, Discipline in all Aspects, Zero tolerance to Overtrading.
NSE:NIFTY
by Rugminik
Mountain of valume Weakly chart analysis for "Latent View Analytics Ltd" Now global focusing digital world so this company have leader in data analysis like market analysis, product analysis pure digital marketing Technical analysis Global market and our market also in bearish environment, but our stock giving out performance in bearing market let's analysis Mountain of High valume in stock indicates solid upside potential in stock Big big valume showing accumulation is goin on in stock at every level. Fibonacci retracement show next resistance level (0.382) 485-486. Keeping sentimental stop loss of 400 below like 398-390 as per risk appetite getting chance move at 486 first target and 510 to 530 next target in 9-12 month. Upside move Risk reward rati 1:2.5 No recommendation for buy or sell
BSE:LATENTVIEWLong
by investigationofchart
BluetonaFX - AUDUSD Potential Triangle Break OpportunityHi Traders! We have a potential triangle opportunity on the AUDUSD 1H chart. We are looking for a break and a continuation of the break on either side. To the upside, we are looking for a break above the trendline to target 0.64440. To the downside, we are looking for a break of the support line to target 0.63720. Please do not forget to like, comment, and follow as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
Ascending Triangle on GBP/NZD @ D1An ascending triangle pattern appeared on the daily chart of the GBP/NZD currency pair. I am going to use this continuation chart pattern for a bullish breakout opportunity. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be set to the triangle's bottom point at 2.03382. I will ignore bearish breakouts from this formation.
Long
by AndriyMoraru
Nifty Demystified in Multiple TF for August 11 2023 1) Weekly – Previous week candle has a bigger wick at the bottom indicating buying momentum at the lower levels This week candle seems to be an inside candle to the previous week candle. Need to wait for today's closing to conclude on this. 2) Daily indicates – 19450 to 19500 is a strong support area. There is a hammer at the Trendline followed by a confirmation candle of yesterday, can’t be ignored. For any further down move to continue on the positional basis, there must be a daily close less than 19530. Intraday analysis 1) 4H candles indicate wicks at the bottom at the Trendline supply zone indicating that sell orders are being absorbed at the supply levels at the same time there is buying at 19490-19530 region every time price hits there. 2) 30 Minutes indicate that, the selling is too strong till now, the size of the red candles is too big compared to the green ones and one red candle has covered a minimum of 2 green candles, the green candles formed in the last 30 mins are weak ones. 3) There has been an excellent price compression in the 15 minutes and 5 minutes time frame, so will wait for the price action to go long/short after 10 AM. Supply and Demand zones have been marked. Happy trading !
NSE:NIFTY
by Rugminik
Nifty50 Analysis and Trade Plan for August 09Supply and demand zones marked on yesterday's chart hold good for tomorrow as well. Black Line zones - Resistances R1 - 19617-19639 R2 - 19723-19795 R3 - 19805-19822 R4 - 19842-19876 Green line zones - Demand S1 - 19593-19574 S2 - 19555-19510 S3 - 19595-19462 S4 - 19350-19295 Analysis:- Same as yesterday, Nifty has not moved majorly from yesterday’s OHLC. Hence Requoting “Nifty is in the process of forming a retracement, Lower High for the Downtrend formed. But if it moves strongly above 19684-19733 which is the 78.6% to 88.6% retracement levels of the previous major swing, which also coincides with the Gap supply zone and out of the falling channel that has formed, then there are high probabilities that the market trend would change to an uptrend.” 19530 will act as an important support level, for 2 days, the market has been taking support at 19530. Trade Plan:- If the Market opens a gap up – 1) Will look to short the market based on setup confirmation till the Gap filling / Trendline support/R1 or till 19530 based on price action and run further as needed. 2) Can go long only after consolidation breakout , but too many sell zones above, so may not be keen on this trade unless Nifty crosses and sustains above 19876 zone. Will watch for major resistance zones marked above – R2,R3,R4. If the Market opens flat - Will wait for Price action, may be a rejection at R1/TL Resistance again till 19530 or below or could be a consolidation again till 19530 and then move up. 1) Possible short scalp from TL rejection till 19530 based on setup confirmation or could wait till 19530 breaks and then ride till next support level of 19460. 2) Will go long only post consolidation breakout of the smaller TL that has formed today but would be cautious at the major Trendline above and also the gap supply above it, will be keen on price sustainability above the major Trendline till the gap zone of 19738. If the Market opens a gap down - 1) Will look to short the market if any setup confirmation signal is obtained till the demand levels as marked based on where it opens either at S2/S3/S4 levels. Will be keen to short if there is a huge gap down at 19400 based on setup confirmation. If the price takes support, one may wait for consolidation up moves. 2) Will look to go long only if any setup exists post 75 minutes of consolidation/price sustainability at the higher levels from the Possible demand levels. Please check for Demand zones below 19200
NSE:NIFTY
by Rugminik
1
Baja Finance Intraday Trade Levels and AnalysisThe stock is reversing from demand zone after 4 days of consolidation in the same zone, also there is a double top breakdown in Daily time frame, and the stock is poised for a retest of the Double Top neckline area. 75 minutes shows Double bottom very evident with RSI divergence and RSI moving into 70+ strength zone, an up move of odd 7200-7400 levels is possible. Hence with the above levels, one can consider a long Intraday trade with an RR of min 1:1 or max even 1:2.
NSE:BAJFINANCELong
by Rugminik
3
Analysis for AUD/USD Read BelowBased on TA findings I am neutral on both bears and bulls as of now. With the EUR/USD major pumping up the ladder half of this week. Bringing major thoughts of question on whether the dollar is a stable as the FED claims. From all cross-references I am only finding bearish sentiment as of now on the daily and hourly chart timeframes. With a decent sized bearish engulfing candle formed on the daily side. I'm genuinely interested to see how things work out in the coming weeks. Will the bearish engulfing candle hang in there, or will the dollar become increasingly unstable and lead to a reversal in the near future? That is what I'm looking at as of now. This is very minimal analysis as of now, when I get me EMA's setup again ill do a follow up post when I started to see what price action does and if price movement can shift.
by TheR6Whale