TradingView Ideas

Bank nifty - possibility (Fri, 22 Nov 2024)
Bank nifty is showing relative strength from quite long time. Trend change possibility is there if it gives double bottom breakout. Let's see how things unfold
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NIFTY (Fri, 22 Nov 2024)
Hi guys, In this chart i Found a Demand Zone in NIFTY CHART for Positional entry, Observed these Levels based on price action and Demand & Supply. *Don't Take any trades based on this Picture. ... because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank you
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Nightly $SPX / $SPY Predictions for 11.22.2024 (Fri, 22 Nov 2024)
⏰9:45am Flash Manufacturing PMI Flash Services PMI ⏰10:00am Revised UoM Consumer Sentiment #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
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Nightly $SPX / $SPY Predictions for 11.22.2024 (Fri, 22 Nov 2024)
⏰9:45am Flash Manufacturing PMI Flash Services PMI ⏰10:00am Revised UoM Consumer Sentiment #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
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BANKNIFTY (Fri, 22 Nov 2024)
Hi guys, In this chart i Found a Demand Zone in BANKNIFTY CHART for Positional entry, Observed these Levels based on price action and Demand & Supply. *Don't Take any trades based on this Picture. ... because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank you
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Bank Nifty Market Move Prediction for Today -22-Nov-2024 (Fri, 22 Nov 2024)
Bank Nifty Market Move Prediction for Today Market Move Overview Range-Bound or Breakout? Bank Nifty is expected to trade within a range-bound zone unless there’s a strong trigger from global markets, institutional activity, or key announcements. Range: Likely between 49,700 (support) and 50,420 (resistance). Breakout/Breakdown Potential: If 49,700 is breached on the downside or 50,420 on the upside, a directional move of 1.5% to 2% could occur. Directional Bias for the Day Upside Scenario: If the index sustains above 49,700, it could attempt a rally toward 50,420 (+1.4%). Momentum may extend to 51,420 (+3.5%) if buying persists. Sentiment: Bullish if global cues remain favorable. Downside Scenario: A break below 49,700 could lead to a decline toward 48,800 (-1.8%). Deeper correction possible toward 46,325 (-6.8%) in case of heavy selling pressure. Sentiment: Bearish if there’s negative macroeconomic news or weak institutional activity. Final Expectation Range-Bound Move: Bank Nifty likely to stay between 49,700 and 50,420 for most of the session. Expect intraday volatility near these levels. Directional Move: If a breakout above 50,420 occurs, the day could trend higher with potential targets of 51,420. Conversely, a breakdown below 49,700 could trigger bearish momentum. Trader’s Tip: Monitor the 49,700 pivot zone closely. A breakout or breakdown will confirm the directional trend for the day. Stay nimble and adjust trades according to price action.
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#NIFTY Intraday Support and Resistance Levels - 22/11/2024 (Fri, 22 Nov 2024)
Gap up opening expected in nifty near 23450 level. After opening possible it will face resistance at this level and reversal towards the downside upto 23200 support level. Major upside rally expected if nifty starts trading and sustain above 23550 in today's session. This upside rally can be goes upto 23750+ level.
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[INTRADAY] #BANKNIFTY PE & CE Levels(22/11/2024) (Fri, 22 Nov 2024)
Today will be slightly gap up opening expected in banknifty. After opening if banknifty starts trading and sustain above 50550 level then possible upside rally upto 50950+ level in today's session Downside 50050 level will act as a strong support for today's session. Any major downside only expected below this support level.
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NIFTY50: INSTITUTIONAL LEVELS FOR 22/11/2024 (Fri, 22 Nov 2024)
Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
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BANKNIFTY: INSTITUTIONAL LEVELS FOR 22/11/2024 (Fri, 22 Nov 2024)
Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
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Technical and digital analysis (Fri, 22 Nov 2024)
We notice that there is a complex correction to the rise.
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Whats that another? (Fri, 22 Nov 2024)
I present to you another magic trick great forex traders! the Future has fortold of a great fall of the NAS100! see you all!
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Once more (Fri, 22 Nov 2024)
The stars have spoken? Jpy225 is on it's way down! It will bounce back to from that point. Didn't believe? Just watch
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Trump effect, US30 still on fire? (Fri, 22 Nov 2024)
Hello Traders and Investors There is no doubt Trumps election into office set the stock market on fire as billions were poured into the markets and stocks skyrocketed astronomically. Last week we saw a 50% fib level major pullback of the initial price move which settled on a major 4H demand zone. The pullback has been met with alot of buying pressure at this major 4H demand level which has supported higher prices as sellers failed to drive the price lower. There is a high probability price will continue to be bullish and push into the territory of all time highs as price has found adequate support to push higher. Trade idea Break and retest buy continuation, price has a good probability of reaching target of 44400. Please like, share and follow for more content Thank you
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AUS200 - TIME TO SHORT (Fri, 22 Nov 2024)
Team, We are shorting AUS at 8379-85 add more short at 8407-15 STOP LOSS AT 8455 Target at 8369-62 take partial and bring stop loss to 8415 Target 2 at 8356-47 - bring stop loss to BE Target 3 at 8315-24 Please trail stop loss accordingly.
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2024-11-21 - priceactiontds - daily update - dax (Thu, 21 Nov 2024)
Good Evening and I hope you are well. tl;dr dax xetra - Bullish. 3 times bears tried to close below 19000 and failed. Today bears only printed a higher low and the chances for the bulls are good to get above 19260, test 19360 and then melt above to 19600+. If my thesis is correct, market will not drop much again overnight or tomorrow. Anything below 19140ish is probably invalidation for that. If bears do it again, also a decent chance that bulls give up and we finally see a bigger down move but for now I heavily favor the bulls. comment : Will get a bit whacky now but bear with me. I do think today was W1 of a 5-wave series where W3 will lead to 19450ish and the bear trend line and W5 will lead to 20k because a measured move up from my W3 is almost exactly 20k. So if that will happen, you are welcome. I think the current structure is a simply if this then that case. Market stays above 19000, we will likely break above 19200 for 19450 and so forth. If we print below 19000 again, bulls might give up and we flush down in a bigger move. One side has to give tomorrow and I heavily favor the bulls. current market cycle: trading range key levels: 18800 - 20000 bull case: Bulls closed above the first bear trend line and it was another huge reversal day. Bears tried 3 times and it’s time to give up and find more sellers at higher prices. It’s entirely possible that this market will trade between 18800 and 19300 for the next year. Always be open to many possible outcomes. Invalidation is below 18869. bear case : Bears still see the trend line as not broken enough and they are still printing lower highs and as long as that is the case, they have made money selling highs and they will continue to do so. Problem for the bears is the higher low from today and that the market closed at the highs. If they manage to get below 19000 again, their odds rise and it’s possible that more bulls give up and we see a bigger move down. Invalidation is above 19310.. short term: Bullish. Want to see 19300 and maybe 19400+ tomorrow. Everything below 19000 means I’m wrong and we either chop until world ends or flush down. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Very risky longs around 19000 with a wide stop below y low but they paid.
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Great trade in SPY!!! (Thu, 21 Nov 2024)
For an aggressive trader, you can buy now and place your stop at $5848, which is a safe zone because if the market falls below this price, the bull market would also be invalidated. My target would be $6193, which is the last leg plotted at the bottom of the pivot. To support this position, we observe that the SPX has pulled back to the 0.5 Fibonacci zone and the previous high, and the stochastic is in the oversold area. This trade offers a 4% gain and a 1.77% loss.
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US30 - Dow Jones Industrial Average Index (Thu, 21 Nov 2024)
This is primarily a trade recap on the previous buy oportunity i posted a few days ago. we took a loss on the first entry that we placed, but we went back in to fullfill the same trade idea and it eventually popped off in our direction. big blues now, trade is at a good profit level. stay tuned for more ideas.
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S&P500 - The Most Important Channel Breakout! (Thu, 21 Nov 2024)
S&P500 ( TVC:SPX ) is retesting a crucial breakout area: https://www.tradingview.com/x/SMvMPFsr/ Click chart above to see the detailed analysis During 2024, the S&P500 rallied more than 25% after we already saw a very bullish year of 2023. However, momentum is always more likely to continue and since the S&P500 is currently retesting a major breakout level, this bullish momentum could lead to a final breakout. Levels to watch: $6.000 Keep your long term vision, Philip (BasicTrading)
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Ger30 long 2025 (Thu, 21 Nov 2024)
Higher low Demand 19000Mqp ATH incoming Bearish dollar
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Ger30 long 2025 (Thu, 21 Nov 2024)
Higher low Demand 19000Mqp ATH incoming Bearish dollar
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NASDAQ testing the MA50 (4h). Buy signal if broken. (Thu, 21 Nov 2024)
Nasdaq is on a slow rebound following the test of the long term Buy Zone, right over the MA50 (1d). Today it hit the MA50 (4h) and so far it is struggling to close above it. On all prior bottoms, once the MA50 (4h) broke, it issued a bullish confirmation. Trading Plan: 1. Buy when the price crosses above the MA50 (4h). Targets: 1. 21450 (the 1.236 Fibonacci extension). Tips: 1. The RSI (4h) is also rebounding after a 30.00 test. Also consistent with all prior bottoms. This is an additional buy signal. Please like, follow and comment!! Notes: Past trading plan: https://www.tradingview.com/chart/US100/Dpdmz4bk-NASDAQ-Bottom-of-the-Megaphone/
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DXY Short (Thu, 21 Nov 2024)
Based on the previous analysis using a higher timeframe, I have analysed that we expect a bearish momentum from this trade. Based on the 15 min timeframe, the price has retested and rejected the zone, forming an inverted hammer candlestick. I do anticipate that a bearish momentum is been formed. Entry price at 106.9, SL at 107.2 and Target at 105.5
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TradingView Ideas

Love - Ready to touch previous high (Fri, 22 Nov 2024)
*Lovesac Company CMP - $35.40 / Positional Trade* *Buy Range $34 - $36 / Strict Stop Loss $29* Target 1 - $40 Target 2 - $45 Target 3 - $50 / $60 / $70 + Disclaimer: This is my view and for educational purpose only.
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Sofi Technologies - Long (Fri, 22 Nov 2024)
Sofi Technologies INC CMP - $15.01 / Positional Trade *Buy Range $13.50 - $15 / Strict Stop Loss $10.50* Target 1 - $18 Target 2 - $20 Target 3 - $25 / $28 Disclaimer: This is my view and for educational purpose only.
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ACHR Playing out Perfectly (Fri, 22 Nov 2024)
The target at Fib 0.50 was hit and it easily blew thought Fib 0.618. Very good option activity. Year targets range from approx 10-14$. Aviation carries extra risk. Always use stops and watch volume.
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auropharma short term CE oppn (Fri, 22 Nov 2024)
go long sl of 1219 on daily it has come to 2.0 of FIB o its downside. go easy, not an aggressive opportunity.
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3 Reasons Why You Should Buy This Stock (Fri, 22 Nov 2024)
This bull market in the financial space is crazy I have never witnessed it like this before. Sadly we are in an economic bear market. And the central banks are getting ready to print more money to buy US dollars this kind of action happens for many different reasons. Now as we look at this chart NYSE:ORCL you will notice the following 3 things: 1-The price is above the 50 EMA 2-The price is above the 200 EMA 3-The price has gapped up in a trend Also it will help you if you combine this strategy with a candle stick pattern Now remember this is a swing so do not use margin more than x 5 Because the volatility is insane And if you get cocky the volatility will hammer you in the back of your head. Remember am a trend trading expert not a day trader ..so I dont encourage to use high margin..only cheap margin Nothing more than 5% interest on your debt. Those are the rules of trending trends You only use cheap debt its very good for beginners And its a very humbling experience No matter how good you get at trading its always good to remain humble and kind. This is a very important point for you to remember.Maybe later on when you develop your trading skills You can upgrade to day trading. But for now, being humble will keep you in the game forever. Remember to stay humble Also, rocket boost this content to learn more . Disclaimer: Please learn risk management and profit-taking strategies.Because you will lose your money whether you like it or not. Also, use a simulation trading account Before you use real money and do not use margin when you trade. Or Do not use more than 5x margin.
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Our opinion on the current state of LESAKA(LSK) (Fri, 22 Nov 2024)
Previously known as Net1 UEP Technologies, Lesaka is listed on the Nasdaq and the JSE (LSK). It is a provider of fintech products in a number of countries. Its universal electronic payment system (UEPS) uses biometrically secure smart cards that operate in real-time but offline, which allows users to enter into transactions at any time. In its results for the year to 30th June 2024, the company reported revenue up 11% and a net loss of R326.1m compared with a loss of R629.2m in the previous period. The company said, "Fundamental earnings per share (a non-GAAP measure) of $0.06 (ZAR 1.06), improved ZAR 3.72, compared to a fundamental loss per share of $0.15 (ZAR 2.66) in FY 2023. Merchant Division revenue increased 12% in ZAR to $498.3 million (ZAR 9.3 billion), and Segment Adjusted EBITDA increased 4% in ZAR to $33.4 million (ZAR 624.1 million)." In an update on the 1st quarter to 30th September 2024, the company reported revenue of R2.6bn and a loss of 126c per share. The company said, "Net loss, including $1.7 million (ZAR 30.0 million) of one-off Adumo transaction costs, improved 23% in ZAR, to a net loss of $4.5 million (ZAR 81.0 million) in Q1 2025." The share trades R69,000 worth of shares on average every day, and there are days when there is no trade at all. On 5th December 2023, the company announced that Chris Meyer would step down as CEO in February 2024. On 6th February 2024, the company announced that it had acquired Touchsides, a distributor of alcohol to shebeens and informal taverns. On 2nd October 2024, the company announced the acquisition of the fintech company, Adumo, for R1.67bn in cash and shares. On 20th November 2024, the company announced that it had acquired the prepaid electricity submetering and payments business, Recharger, for R507m.
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Our opinion on the current state of AME (Fri, 22 Nov 2024)
African Media Entertainment (AME) is a company which specialises in running radio stations and whose revenue comes principally from advertising on those stations. It has four divisions: (1) Algoa, which broadcasts from the Garden Route to the Wild Coast, (2) OFM, which broadcasts in the Free State, North-West province, Northern Cape, Southern Gauteng, and Northern Natal, (3) United Stations, which sells and creates advertising material for the radio stations, and (4) Radio Heads, which offers media planning and buying, creative strategy and copy-writing, and syndicated programming. AME acquired Moneyweb and a share of Classic FM. The company said, "On 30 September 2019 Classic FM South Africa (Pty) Ltd was placed under voluntary business rescue." In its results for the year to 31st March 2024, the company reported revenue up 8% and headline earnings per share (HEPS) up 63%. The company said, "The group generated cash from operating activities of R64,9 million (March 2023: R43,5 million), paid tax of R15,3 million (2023: R11,6 million), spent R5,4 million (2023: R6,3 million) on capital expenditure and paid dividends of R33 million (2023: R28,7 million) to its equity holders and non-controlling interest holders. The group also repurchased 212 600 shares (2023: 701 775 shares) during the period which resulted in a cash outflow of R6,9 million." In a trading statement for the six months to 30th September 2024, the company estimated that HEPS would increase by between 16% and 25%. The share trades an average of R43,000 per day, which makes it barely practical for a small investment. Its portfolio of radio stations has relatively small, specialised audiences. Moneyweb has battled for years to produce significant profits.
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Our opinion on the current state of MOMMET(MTM) (Fri, 22 Nov 2024)
Momentum Metropolitan (MTM) is a JSE- and Namibian-listed insurance company, formed through the merger of Momentum and Metropolitan in December 2010. The company provides a wide range of short- and long-term insurance products and financial services. It was the first insurance company to achieve level 1 BBBEE status. However, it has been scaling back its African operations by closing its businesses in Mozambique, Mauritius, Zambia, Tanzania, and Swaziland. At the time of the merger, the combined entity held 24% of South Africa's life insurance market. This has since declined to 17%. The company faced substantial challenges during the COVID-19 pandemic, paying out nearly R4 billion in death claims in Q1 2021 due to the second wave—three times the expected amount. In response to the pandemic, it has also reduced its office space requirements, adapting to the increased prevalence of remote work. Recent Developments: 1. Leadership Change: Jeanette Marais assumed the role of CEO on 30th September 2023, succeeding Hilgard Meyer. 2. Results for the Year to 30th June 2024: - Headline earnings per share (HEPS): Increased by 39%. - Return on embedded value: Achieved 13.3%. - Operating profit: Rose 31%, from R2.755 billion to R3.608 billion. - Momentum Retail saw a decline in operating profit due to lower market variances and increased expenses. 3. Update for the 3 Months to 30th September 2024: - Recurring premium income: Up 8%. - Assets under management (AUM): Increased 17% to R280 billion. - Operational performance was supported by satisfactory new business performance across most units. Improving economic indicators have started to positively affect business results. Technical and Valuation: - The share began its upward movement in May 2024, and it was added to the Winning Shares List (WSL) on 24th July 2024 at 2402c. It has since risen to 3000c. - It trades on a price-to-earnings (P:E) ratio of 10.05 and offers a dividend yield (DY) of 3.33%. - The share appears reasonably priced at current levels and is likely to benefit from further economic improvements and strong operational performance. Momentum Metropolitan is well-positioned for growth, with improving business fundamentals and an attractive valuation. Its gradual recovery in market share and increased operational efficiency under new leadership make it a compelling long-term investment.
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Our opinion on the current state of REINET(RNI) (Fri, 22 Nov 2024)
Reinet (RNI) is an investment holding company with its main asset being a 2.12% stake in British American Tobacco (BAT), valued at approximately $1.8 billion, which constitutes about 31% of its net asset value (NAV). This is a significant reduction from 85% a decade ago, primarily due to the decline in BAT's share price as the tobacco industry faces increasing regulatory challenges, particularly in the US. The US Food and Drug Administration's potential regulatory changes on menthol cigarettes and the global trend of declining cigarette sales in developed markets have contributed to BAT's declining valuation. However, BAT continues to deliver solid dividends, driven by growth in emerging markets where tobacco demand remains relatively strong. Diversification and Portfolio: 1. Pension Insurance Corporation (Penscorp): Reinet holds a 46% stake in Penscorp, now representing 36.8% of its portfolio. This has grown in prominence as BAT's contribution has declined. 2. Private Equity Investments: Private equity holdings now account for around 15% of Reinet's portfolio, contributing to its diversification strategy. 3. Compound Growth: Since March 2009, Reinet's portfolio has achieved a compound annual growth rate of 8.8%. Financial Performance: - For the six months ending 30th September 2024, Reinet reported an NAV of 3625 euro cents per share, up from 3089 euro cents a year earlier. - The company stated that it has no direct exposure to geopolitical risks such as Russia, Ukraine, or the Middle East and has been minimally affected by interest rate fluctuations or inflation. Technical Performance: - The share price fell sharply from its high of R343 in February 2020, hitting lows in January 2021. - A clear upward break through its long-term downward trendline occurred on 16th September 2019 at R270 per share. - The share has since recovered strongly and is now trading at R480.31. Outlook: - The BAT announcement of a GBP25 million write-down on its US operations recently impacted Reinet, reflecting BAT's ongoing challenges. However, Reinet's diversification into other asset classes, particularly Penscorp, has helped offset BAT's declining value. - As a rand-hedge investment, Reinet is sensitive to fluctuations in the rand. Prospective investors should assess the rand's future trajectory before investing. Reinet remains a diversified holding with a steady track record and benefits from its balanced exposure to high-dividend assets like BAT and growth-focused assets like Penscorp and private equity investments. However, its reliance on BAT, despite diversification, makes it partially exposed to the challenges in the tobacco industry.
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GSAT might be ready to breakout (Fri, 22 Nov 2024)
It is retesting Fib 61.8 after hitting Fib 1. If it continues up with some volume I am going to try calls from 2 to 3$ going to Jan. If it can push through 2.15 I will be looking at the target of 2.55. There should be more positive news this month and with the reverse stock split announcement I hope it will draw more interest and accumulation.
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Wedge Play - Accenture $ACN (Fri, 22 Nov 2024)
Pretty clean chart. Symmetrical wedge with bullish bias. Above all monthly VWAP and EMAs. Just needs to clear the $371 volume profile shelf and then it should send it. Macro monthly place. Long.
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TEM - Nov 24 Extended Mispriced Assets (Fri, 22 Nov 2024)
Strategy - Extended Mispriced Assets Idea TEM, a precision medical AI company recently listed on June 14, 2024, and featured on The Wall Street Journal, has demonstrated consistent growth over the past three quarters with improving EPS. Despite these strong fundamentals and a clear thematic focus on AI, TEM has been downtrending along with the broader market following the Trump rally. On November 21, it experienced a sharp bearish move, which appears to be tied to the broader market’s negative reaction to Nvidia's strong earnings. Given its robust business fundamentals and alignment with the AI growth narrative, I believe TEM is currently mispriced, presenting an opportunity to arbitrage this value as it normalises. Technical positioning - Confluence in RUT & SPX bull direction - Recent price consolidation below H1 100SMA - Trade is aligned to existing trend - Risk reward is 2.9R at the 12 Nov
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SBICARD : Towards ending correction (Fri, 22 Nov 2024)
SBI Cards (SBICARD) Analysis Wave Count: Completion of a 5-wave corrective structure, with Wave 5 ending near the liquidity sweep zone at ₹668.75 (golden Fibonacci retracement zone). Key Levels: First Target: ₹738.00 Second Target: ₹783.00 Stop Loss: ₹650.70 (on a daily close basis) Trend Indicators: Price is below the 100-SMMA, signaling bearish pressure. A break above this moving average would confirm bullish momentum. Trading Plan Entry Zone: Around ₹675.05 (near the completion of Wave 5). Confirmation Criteria: A strong bullish candle with above-average volume breaking and closing above ₹685. Stop Loss: ₹650.70 (on a daily close basis). Targets: First Target: ₹738.00 Second Target: ₹783.00 Risk-Reward Ratio: Favorable for entries near ₹675, with potential upside toward ₹783.
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ICICI Bank Structure is Negative. (Fri, 22 Nov 2024)
We May see Clearly that ICICI Bank has broken its Parallel Channel and trading below. We may See a Retest in ICICI Bank from 1250-1270 Levels and the we may see a Breakdown till 1170/1165 Levels. SELL ICICI BANK @ 1250-1275 STOPLOSS @ 1300 TARGET @ 1170/1165 NOTE : This Levels is for Educational Purpose please take trade referring to your Financial Advisor. HAVE A GOOD TRADING DAY.
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HDFC Bank Ltd view for Intraday 22nd Nov #HDFCBANK (Fri, 22 Nov 2024)
HDFC Bank Ltd view for Intraday 22nd Nov #HDFCBANK Resistance 1755-1760. Watching above 1763 for upside movement... Support area 1720 Below 1740 ignoring upside momentum for intraday Support 1720 Watching below 1718 for downside movement... Resistance area 1755-1760 Above 1740 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
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Emami Ltd view for Intraday 22nd Nov #EMAMILTD (Fri, 22 Nov 2024)
Emami Ltd view for Intraday 22nd Nov #EMAMILTD Resistance 640. Watching above 641 for upside movement... Support area 630 Below 630 ignoring upside momentum for intraday Support 630 Watching below 6288 for downside movement... Resistance area 640 Above 640 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
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Godrej Consumer Products Ltd view for Intraday 22nd Nov #GODREJC (Fri, 22 Nov 2024)
Godrej Consumer Products Ltd view for Intraday 22nd Nov #GODREJCP Resistance 1200. Watching above 1202 for upside movement... Support area 1160 Below 1180 ignoring upside momentum for intraday Support 1160 Watching below 1158 for downside movement... Resistance area 1200 Above 1180 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
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Marico Ltd view for Intraday 22nd Nov #MARICO (Fri, 22 Nov 2024)
Marico Ltd view for Intraday 22nd Nov #MARICO Resistance 600. Watching above 601 for upside movement... Support area 585. Below 590-592 ignoring upside momentum for intraday Support 585 Watching below 583 for downside movement... Resistance area 600 Above 592 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
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PCYR Trade 2 - Nov 24 Opening Sustainable Momentum (Fri, 22 Nov 2024)
Trade Grade B (6 Points) Pure technical, not idea driven Confluence in RUT & SPX direction Four Technical positioning 1) Recent rejection above 100SMA 2) Momentum candle clears consolidation range 3) Trend continuation 4) Long bullish wicks Risk & Reward, next high is 2R away Opening Sustainable Momentum ‍ Strategy Signals identify market opening H1 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %). Risk We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation. Current SL is at 0.25Fib Focus Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R. Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward. Character Trend, Positive Skew
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Unity isn't a piece of 'that' any more.., is it? (Fri, 22 Nov 2024)
Unity was ruined with it's management decisions on variety of fees and now, they made a U turn after seeing the backlash from devs. It's back on the platter now.!! The overhead supply is a big issue, crossing 30s can take this to blue skies. Take a risk and go long here in 20's. Use puts or put spreads or covered calls to hedge your position. Target 1 - 27 Target 2 - 29 Target 3 - 32 I'm going conservative for now , once we see if any momentum after 32, we can size up and aim higher.
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BANKBARODA 1D TF (Fri, 22 Nov 2024)
In the previous post, NSE:BANKBARODA broke an resistance and moved up. Hence we suggested a long position, but it was a false breakout and the stock turned towards the opposite direction. Though I didn't post, I took a trade thinking that this false breakout is liquidity gained by sellers in order to move down. As expected the stock came down again, once it broke down the resistance turned support, I took the entry. A good R:R was captured. Hence I just wanted to share this to you, so that we can trade such entries in the future together. We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
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Shopify (SHOP) at Pivotal Levels: Continuation or Support Retest (Fri, 22 Nov 2024)
Shopify (SHOP) is currently trading near 107.13, the 61.8% Fibonacci retracement level, which is crucial for the next price movement. On the bi-weekly chart, there is also a possibility of the price retesting the previous support at 90 if 107.13 is broken. The next move will depend on the strength of buyers versus sellers. --- 1. **Entry Points:** - **Scenario 1 (Bullish Continuation):** Enter after a clear breakout and a bullish close above 107.13, confirming the uptrend. - **Scenario 2 (Support Retest):** If 107.13 is broken, wait for a retest of the strong support level at 90, looking for positive reversal signals. 2. **Targets:** - Target 1: 122.72 (78.6% Fibonacci retracement). - Target 2: 176.29 (previous high). 3. **Stop Loss:** - **Scenario 1 (Bullish Continuation):** Stop loss at 104.99 (2% below 107.13). - **Scenario 2 (Support Retest):** Stop loss at 88.20 (2% below 90). 4. **Confirmation Factors:** - Strong breakout above 107.13 with high volume or a bullish candle. - Positive reversal signals (e.g., Pin Bar or Bullish Engulfing) at 90 if it is retested. 5. **Additional Notes:** - 107.13 is a pivotal level; holding above it supports a bullish continuation. - If this level is broken, 90 becomes a key support level to watch for buyer re-entry. --- **Disclaimer:** This is a trading idea based on technical analysis and not financial advice. Please manage your risk and monitor the market carefully before making any decisions.
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IRFC 1D TF (Fri, 22 Nov 2024)
NSE:IRFC is near a demand zone and the stock can be traded once it breaks out. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
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