BankNifty has certainly started recovering well, but given that we have just broken out of an important zone, trading BankNifty can get pretty tricky tomorrow. Here's a simple long setup that I think offers pretty good probability of success with good risk to reward ratio. Rationale: - Price has just broken through an important zone, but it hasn't been properly...
Bears have had it their way with the Bitcoin for well over a year now, as a result, the most popular crypto was brought down from sky-high prices to nearly under-ground levels in a matter of weeks. And it's probably gonna take months for this thing to completely recover and reach a new all-time high, if ever. But regardless of what happens in the distant future,...
Banking sector saw some heavy selling this week, but it shouldn't come to us as a big surprise as most banks have been trading at very high prices, and more importantly, perilously close to their respective supply zones. BankNifty took the toll for obvious reasons, after a long struggle to cross the 41600 level, price was finally pulled down from deep inside the...
Key Points / BIG news: - TAP Global to have stock market listing via SPAC merger, $XTP will see some parabolic moves north IMO. - Quetzal Capital injects £1.5 million with an additional £500 000 option before May 31 2022 - this funding will stimulate growth aggressively. - TAP has partnered with leading companies in the industry including Fireblocks, BitGo,...
A Breakout from the cup is expected pretty soon. A cup has been formed. Alternatively , it also has an inverted head and shoulder pattern as well.
Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Basing for the past ~14 months * Recently bounced off historical highs around $31 * Forming a nice and tight pivot area around $35 * Offering a very low risk entry * Showing signs of strength and accumulation Technicals: Sector: Industrials - Specialty Industrial Machinery Relative...
Notes: * Very strong up trend on all time frames * Great earnings track record * Breaking above historical resistance of 145.21 with higher than average volume * Very close to its 50 day line * Offering a low risk entry Technicals: Sector: Technology - Information Technology Services Relative Strength vs. Sector: 1.04 Relative Strength vs. SP500: 1.03 U/D...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this DOT/USDT update. DOT looks very promising here and looks like hovering near the bottom. DOT is trading inside a symmetrical triangle in the 2-day time frame. Currently, it is moving near the lower trendline of the triangle. So buying here will be very low risk....
BSE:HINDALUMI broke out from a 2 year accumulation area formed after a strong downtrend of 80% The accumulation zone slightly resembles a head and shoulder reversal pattern. The accumulation zone is at the same price range of the previous accumulation zone from which price moved 200% Increasing volume in the accumulation zone prior to breakout shows increasing...
NSE:RADICO broke out from a bullish flag pattern and retraced back to the breakout price. Price also stands near a resistance turned support. (Rectangle area) Enter entire position at C.M.P, Targets: 1300/1450/1500 sl- below 1150 NOTE: low risk high reward trades have a lower hit rate. Position size accordingly. HAPPY TRADING!
NSE:NEOGEN is consolidating in a rising channel pattern. Price is at support of the channel. Good opportunity to buy and hold for big money. Exponential move if price breaks out from this channel. Place sl below the channel (below day's low) Potential 1:10+ trade. Don't miss out! Position size accordingly. Low risk high reward trade. HAPPY TRADING!
NSE:INDIACEM Broke out of a major expanding channel pattern. Breakout candle is very bullish and volumes are heavy on the buy side. Price is in a low volume consolidation mode in the form a rising channel pattern on hourly timeframe. Momentum is expected to continue after the break of this pattern. One can enter at C.M.P with entire position for 2:7 Risk...
NSE:JINDWORLD has given a breakout from an old resistance uptrend line. On a lower time frame, it has also given a breakout from a narrow low volume consolidation zone. (Pink rectangle area) Volumes on trendline break towards all time high look very bullish - the highest since last 2 weeks. A risky momentum trade can be taken with a tight sl , going for 1:4...
I think the index failed to break down as you can see on the chart. As long as 4 hour candles keep closing above 27500 then I believe we will see higher prices. Expectations: 1. Price will rise to the middle of the channel 2. price will rise to 30,000 zone 3. price will stall between 30,000 zone and the middle of the channel, then continue up best of luck :-)
It seems like GBPCHF is forming a cup and handle pattern, and as you can see on the chart, there are some indications that we might be at the bottom of the handle : 1. ABCD retrace from the recent high in the weekly chart and the daily chart 2. weekly candles closed above the channel ( channel break ) 3. we are currently in support zone 1.2500 4. immediate...
This honestly might be the best risk:reward setup I have ever seen on a trade. While the fundamentals might not agree... we know that anything can happen in this market. Expect the unexpected.
I love OTM calls because I do not have a tone of money to invest and they are basically low risk & high reward. By low risk I mean you can only loose the small amount of money you put in while the return could be double or triple your money. Using TA software like tradingview & their algorithms/scripts created by TA geniuses has been my biggest success. What...
Ride the Breakout when it happens.