Pricemovement
#NIFTY Intraday Support and Resistance Levels - 20/12/2024Flat or slightly gap down opening expected in nifty. After opening if nifty starts trading below 23950 level then possible strong downside rally upto 23750 level. Any bullish rally only expected if nifty starts trading and sustain above 24050 level. 23950-24050 levels are the consolidation zone for nifty.
#NIFTY Intraday Support and Resistance Levels - 16/12/2024Flat opening expected in nifty. After opening if it gives breakout of 24800 level then possible strong bullish rally upto 25000+ level in today's session. Below 24750 expected reversal upto 24550 level. For today's session 24550 level will act as a strong and important support for nifty. Any major downside rally only expected below this support zone.
Crude Oil Prices Fall Amid Economic and Geopolitical ShiftsSince the beginning of October, crude oil prices have been on a downward trend, dropping from $77 to $70 in less than three months. This decline can be attributed to several geopolitical and economic factors. During this period, global economic growth showed signs of slowing, raising concerns about future oil demand. Additionally, geopolitical tensions in major oil-producing regions eased, leading to a more stable supply outlook. These combined factors have exerted downward pressure on crude oil prices.
[INTRADAY] #BANKNIFTY PE & CE Levels(12/12/2024)Today will be slightly gap up opening expected in banknifty near 53500 level. Currently market creating the consolidation zone. After opening if banknifty starts trading and sustain above 53550 then can go for the long side position. Downside possible below 53450 level. 53050 level will act as a strong support for banknifty. Any major bearish rally only expected below this level.
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Its OK as longest google stays above 170 ! lets go ! Last week, Google stayed above 170, which is excellent news. Within the analysis, we can see that it’s starting to show bullish convergence. I also drew an ascending channel based on its recent price movements.
In my last analysis of Google, I mentioned that once the price touched the "stacked channel," we only needed to observe the immediate candlestick structure, and from there, it would take off—and that’s exactly what happened (check out the little thumbs-up hand).
Now, it doesn’t matter if the price dips slightly here; the key is for it to stay above 170 and within the mini ascending channel I marked.
The real challenge for Google is breaking through the inflection zone where it’s currently positioned. It was rejected once, so the price will likely attempt to break through this key zone again.
Let’s see what happens in the coming days.
Thanks for supporting my channel! Best regards.
Hey Spy Lovers check this Candlestick Scenarios for future move I suspect it’s time for a good pullback. As we can see, the price continues to fluctuate within the ascending channel, but there are two scenarios I anticipate where a pullback might occur in the coming days.
Note: Every pullback is simply a very natural price movement. This does not mean that we are in a bearish market at the moment. If the overall structure is bullish, pullbacks are just part of the cyclical nature of price movement. Here are two potential scenarios in case the price decides to make this natural pullback:
Scenario 1:
If you compare the two types of candles I marked on the left, notice how the candle patterns have more volumetric, medium-sized bodies than the other. This indicates strength; however, we are not exempt from a natural pullback, which, to complete a trending cycle, broke the structure itself to the upside.
Scenario 2:
Let’s assume the price becomes quite exhausted and begins the pullback I am anticipating. I have marked two zones of great importance where the price will most likely rebound:
First Pullback Zone (equivalent to a block order):
Notice how, coincidentally, this zone touches the support of my ascending channel. Coincidence?
Second Rest or Pause Zone:
This zone must be considered because if there is a structural break, the price may drop lower to this point.
Note: The overall structure remains bullish unless a lower structure or demand zone is broken, Until then, we can only consider pullbacks and impulses as part of the price cycle in its upward movement.
Thank you for supporting my analysis.
TRADE SAFE!
BIT scours a new highsAfter the prices slightly down searching for a support, it gained a good momentum from the bullish channel bottom board to rise again scouring a new high at 103.620.
The Main direction for the medium and long periods remains bullish and it may scour new highs around 106.880 area, But that relay on the stability of the channel's bottom line.
As if the price was able to break through that line it may search for more supports then
Be Ready For A 20%+ Pullback On BitcoinTraders,
With the 100k psychological resistance almost hit today and just above that our 1.618 Fib Retracement from previous high in 2021 to its low during the bear market, I think it is time we consider some pullback from Bitcoin. I sometimes like to take a look a MSTR to see what it's doing as it often drops clues as to what Bitcoin will do next. Today MSTR dropped nearly 22%. That's interesting because the level of pullback that I have been discussing for Bitcoin is to that 76k price level, around 22%.
I may actually even pull the trigger and short BTC at 100k and then DCA in another load at 102k but I am not sure we'll even get there before we start to pull back.
✌️ Stew
#NIFTY Intraday Support and Resistance Levels - 03/12/2024Flat or slightly gap up opening expected in nifty. After opening important level for nifty is 24350. If nifty gives breakout of this level then possible strong upside rally upto 24550 in today's session. Downside 24050 will act as an strong and important support for nifty. Any major downside only expected below this support level.
Which elevator are we taking? ARB finally broke above 1$. With ETH breaking out of the short-term downtrend channel (check my previous post) this ETH-based layer 2 can see some strong gains as long as ETH keeps on moving up. Stronger resistance possible at around 1.4, which would already be a strong move up. If that doesn't stop the price then 2$ and 100% profits may be in sight sooner rather than later!
[INTRADAY] #BANKNIFTY PE & CE Levels(02/12/2024)Today will be gap up opening expected in banknifty near 52500 level. After opening if banknifty starts trading above 52550 level then expected further bullish rally towards the 52950 level. After opening it will immediately face resistance at 52500 level if any reversal then possible downside movement upto 52050 and this can be extend for further 400-500 points if banknifty gives breakdown of 51950 level.
#NIFTY Intraday Support and Resistance Levels - 28/11/2024Flat opening expected in nifty. Expected opening near 24300 level. After opening if nifty gives breakout of 24350 level then only expected strong upside bullish rally upto 24550 level. Downside 24050 level will act as an important support for index. Any major downside rally only expected below this level.
#NIFTY Intraday Support and Resistance Levels - 27/11/2024Flat opening expected in nifty. After opening important support level for nifty is 24100. Upside 24350 will act as a resistance for today's session. Any major upside rally only expected if nifty starts trading above this resistance level. Downside rally possible if nifty gives breakdown and starts trading below 24100 level.
Bullish Divergence RSI and fair value Gold-price 2625.
I am not preempting anything because I think the banks are selling into this and the market-haters are trying to take out stops long so that the market continues to fall and more liquidity at lower levels.
However, value occurs at some point. I also like the bullish RSI divergence and the oversold nature of gold seems to be coming to an end perhaps.
The daily 200ema is down at 2440 so the trend is still bullish.
Price is going to need to break back above 2630 for a sustained push upwards and attract buying.
[INTRADAY] #BANKNIFTY PE & CE Levels(25/11/2024)Today will be huge gap up opening expected in banknifty almost near 52000 level. After opening if banknifty starts trading above 52050 level then this gap up bullish rally extend for further 500-1000 points towards to 52450 and 52950 levels. Any correction rally expected below 51950 level.