#Nifty Expiry Levels for 10-08-2023#Nifty50 Expiry Levels for 10-08-2023
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, and Rules.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
Longtrade
KSMUSDT long scenarioWe expect bullish move on KSM/USDT pair with targets up to $32.49
possible trading plan:
entry 22.45
stop 19.43
tp1 26.09
tp2 28.28
tp3 32.49
Some profit may be taken also on $24.12 and $27.4 levels.
Risk management: main idea is risking nothing more than 1.5% per trade, thus position size will be calculated using the formula:
(Account Size * (Max Risk % X 0.01)) / (Stoploss Price – Entry Price) * Entry Price = Position Size
Corn: Prepare to pop 🍿Corn has continued to sell off over the last few days and is now approaching our blue buy zone from USX 496 to USX 470. The downward movement in the form of the blue wave (b) should end there. Subsequently, we expect the blue wave (c) to rise to around USX 600, making it worthwhile for prospective buyers to place long orders in our blue buy zone. Our alternative scenario, with a 25% probability, occurs if the price falls further than we expect. In this case, a break of the support level at USX 474.25 would give it significant downside momentum that buyers should take note of.
GBPDKK Sideways Trading Strategy! 📈 GBPDKK Sideways Trading Strategy! 📉
Hello traders! 📊 Today, I'd like to present a compelling trading opportunity in the GBPDKK currency pair. The 1-hour chart indicates a sideways market, with no clear bearish or bullish trend. To make the most of this situation, I have devised two trade plans using buy stop and sell stop orders, targeting potential support and resistance levels.
📉 Trade Plan 1 - Sell Stop 📉
🎯 Entry: Below S2 at 8.6742
🛡️ Stop Loss: Above S1 at 8.6852
🎯 Take Profit: 1:1 at 8.6632
In this plan, we are looking to capitalize on potential downside movement from the current sideways range. The entry point below S2 suggests a bearish continuation, while the stop loss above S1 provides a safety net in case of a reversal. The take profit is set at 1:1, aiming for a reasonable target within the range.
📈 Trade Plan 2 - Buy Stop 📈
🎯 Entry: Above R2 at 8.7212
🛡️ Stop Loss: Below R1 at 8.7161
🎯 Take Profit: 1:1 at 8.7263
In this plan, we are seeking to profit from potential upward movement. The entry above R2 implies a bullish breakout, while the stop loss below R1 mitigates risk if the price retraces. The take profit is set at 1:1, providing a balanced reward-to-risk ratio.
It's important to note that trading in a sideways market carries inherent risks, and caution should be exercised. As always, I advise using appropriate risk management techniques and not risking more than you can afford to lose.
Good luck! 🍀 Happy trading! 📈💹
#GBPDKK #Forex #TradingStrategy #TechnicalAnalysis #SidewaysMarket
Technical Analysis: #EURNOK Sideways Trading Strategy!📈 Technical Analysis: #EURNOK Sideways Trading Strategy! 📉
Hey traders! 🌟 Today, I present to you a fascinating opportunity in the EUR/NOK forex currency pair. The 1-hour chart suggests that the pair is currently moving sideways, lacking a clear bullish or bearish trend. But fear not, as we can capitalize on this situation by employing two smart trade plans with buy and sell stop orders, targeting key support and resistance levels. Let's dive into the details:
Trade Plan 1: #SellStop 🛒
🎯 Entry (Below S2): 11.10542
🛑 SL (Above S1): 11.0691
🎯 TP (1:1): 11.0691
Trade Plan 2: #BuyStop 🛒
🎯 Entry (At R2): 11.24950
🛑 SL (Below R1): 11.20195
🎯 TP (1:1): 11.2970
The logic behind these trades is simple. For Trade Plan 1, we expect the pair to break below the S2 support level, triggering a potential bearish movement. The Stop Loss (SL) is set above S1 to manage risk, and the Take Profit (TP) level is placed at the same distance as the SL, aiming for a 1:1 risk-reward ratio.
On the other hand, for Trade Plan 2, we anticipate a bullish move if the pair breaches the R2 resistance level. The SL is placed below R1 to protect our investment, and the TP is set at the same distance as the SL, ensuring a 1:1 risk-reward ratio.
⚠️ Investment Advice: Remember, trading involves risk, and it's crucial to manage your positions carefully. Always use appropriate risk management techniques, such as position sizing and setting stop-loss levels, to safeguard your capital. Consider using these trade plans as a part of a diversified trading strategy and avoid risking more than you can afford to lose.
Trade with discipline and patience, and never let emotions dictate your decisions. Stay updated with the market developments and adjust your trades accordingly.
Good luck on your trading journey! 🍀💹
(Note: This analysis is for educational purposes only and not financial advice. Make sure to do your own research before making any investment decisions.) #Forex #TradingOpportunity #SidewaysMarket #TechnicalAnalysis #RiskManagement #TradingStrategies
GBPUSD LONG AHEAD OF FOMCRecently, the GBPUSD has been obviously bullish, marked by higher highs and higher lows in the daily time frame.
The last few days has given us a descent pullback to the confluence of June 5 trendline and the market structure (previous high).
GBPUSD found support at this confluence point bouncing off to print a bullish engulfing candlestick on daily time frame.
A pullback to the top of the falling channel (1.2850-1.2840) on 4hr time frame will offer bulls a long opportunity with a very good risk reward ratio.
SENS: Short-term Bear and Medium/Long-term BullSometime this week we may see the share price of AMEX:SENS drop to $0.78. Anything lower could indicate a drop out of the trend, but if it holds, a large profit could be made moving into August.
Using a combination of the following 3 scripts:
1. Advanced Price Direction Algorithm
2. DeQuex Algo
3. Moving Average Convergence Divergence
If all 3 give off a green/blue/green pattern, with the MACD barely starting to show a positive evaluation when it occurs, there is a high probability that the trend will continue upwards.
XAU/USD Prediction on 20.07.2023Acquiring gold as a long-term investment strategy has been a favored tactic among many investors throughout history. This precious metal is not just a symbol of wealth but also a time-tested store of value that has stood resilient even during economically turbulent times. If you're contemplating buying gold for a long duration, here's why it can be a prudent decision.
Inflation-Proof Asset
Gold has long been seen as an effective hedge against inflation. When fiat currencies lose their purchasing power due to rising general prices, gold typically appreciates. This feature makes it an appealing investment for those looking for long-term financial security.
Portfolio Diversification
Gold can add diversity to your investment portfolio, helping to mitigate risks associated with traditional equity and bond investments. Because gold often moves inversely to stock markets, it provides a cushion when markets fall.
Global Market Demand
Gold has a universal appeal and is in demand across the globe. Whether for jewelry, industrial uses, or by central banks and investors, the demand for gold remains steady, which can contribute to its price appreciation over time.
Long-Term Performance
Historically, gold has demonstrated a strong performance over the long term. Although it can fluctuate in the short term, over longer periods, gold's value has generally maintained an upward trend.
Crisis Commodity
Gold often performs well during periods of financial crisis and economic uncertainty, which can make it a smart long-term investment. In such times, investors typically flock to gold as a 'safe-haven' asset.
In conclusion, buying gold for an extended period can be a strategic move, offering protection against inflation, diversifying your investment portfolio, and serving as a safe haven during economic downturns. Always remember, however, that every investment comes with risks, and it's essential to do your research and consider your financial goals and risk tolerance before investing.
Head and shoulders pattern Elgi equipment company one of the leader in compressor Product Offerings
The Co. manufactures a wide range of oil-lubricated and oil-free air compressors including Screw Compressors, Piston Compressors, Rotary Screw Compressors, Reciprocating Compressors and Centrifugal Compressors. It also offers diesel-powered Portable Screw Compressors, Railway Air Compressors, Heat Recovery Systems, Medical Air Compressors, Dryers, Air Receiver Tank and other Air Accessories.
Stonks go BrrrrrrrrMichael Burry's given up but that's not why I'm going long here. RSI is above 60 for the first time since February. Contrary to what most people think, RSI is most useful as a momentum indicator and not something to identify trend reversals with. Going into the results season, we're approaching resistances again, but these are the levels I'd consider my targets for now. Of course this is a risky trade, so we'll keep SLs tight at around (or slightly below) ~4000.
Target 1 - 4180
Target 2 - 4320
Note: Using SPX just because it's a personal preference. The Dow and Nasdaq looking good too!
long RNDRCRYPTOCAP:RNDR broke through the resistance level. Bullish movement to $2.0 is expected to happen
ACCO Potential up until $6.39🐂 Trade Idea: Long - ACCO
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout / Option
🔍 Entry: +/- 5.57
🐿 DCA: No / Yes, up to or down to xxx.xx
😫 Stop-Loss: 4.75
🎯 Take-Profit #1: 6.39 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Double bottom on the weekly at 4.27 with an ascending triangle formation. At 6.50 we can see the current neck line. First profit target should be slightly below at 6.39. Rest can trail and if we can jump above the 6.50 we could see some substantial upward potential.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
CASTROLIND-DAILY/WEEKLY/MONTHLY-BREAKOUTNSE:CASTROLIND
Stock is consolidating in a channel from past 8 years. From last year it’s started to making higher low in weekly/Monthly Chart.
Monthly : As per monthly analysis stock has shown a bullish engulfing at bottom levels.
Weekly:
• June 2nd week we can see a big green candle engulfing past multiple weeks.
• June 3rd week there is rejection candle (Inverted Hammer). Things get interesting over here. The rejection candle didn’t get follow through.
• If we look carefully whole week the stock was trading between the range. July first week we can see a boom!
Daily: We can see buying from 122-123 levels from last few days and on Friday (7th July) We can see a big green candle with good volume.
It’s good time to go long for 155-160 targets.
SL: 117
I have already taken this trade.
This is only for educational purpose, please manage your risk accordingly.
VLO Reversal Pattern - Pump to $127🐂 Trade Idea: Long - VLO
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout / Option
🔍 Entry: +/- 116.75
🐿 DCA: No
😫 Stop-Loss: 107.99
🎯 Take-Profit #1: 127.09 (75%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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What we see here is a typical reversal pattern. We gain the 114 level downward but fail to hold it and gain the 114 level again in an upward movement which is also the former lower low. If you’re more of a break out trader you can trade this setup directly long with a target at 127 and a stop-loss at 108. We’ve held this level for six days so far. If you want to make sure the trade is safer wait for a re-test around 116-114 and trade the long after a strong rejection. If you prefer the re-test make sure to put your stop-loss to 111-112 because you don’t want to see more downward pressure from that point on.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.