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NASDAQ looking to hold the 4H MA50 in order to sustain the rallyNasdaq (NDX) broke on Friday above its 4H MA50 (blue trend-line) and today is looking to re-test it as a Support. The medium-term pattern has been a Channel Up since the September 06 Low and every time the 4H MA50 broke following a bottom, it held and sustained the Bullish Leg until the top. It appears that the most common rally % within this pattern is +6.80%. As a result, assuming the 4H MA50 holds, our Target is 21650. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
Top 5 Weekly Trade Ideas #1 - SPX Ascending ChannelWe're still riding this trend up since early November. We have retraced nearly the entire election move, but bounced at the top end before moving down to fill that gap. Some important areas and scenarios I think are likely: #1 - A move up to supply/ATH/upper end of the channel which leads to a rejection. The channel holds after a small pullback and we go on to break above ATH on the second try. I would look for longs on a retest of the previous ATH in this case or just try to get long after the break on some dips. Also possible there is no rejection and we go straight through, would be the same idea. #2 - The supply rejection leads to a channel break causing further downside. We could also break below the channel before tapping supply early this week. If the channel is broken to the downside, shorts may be good down to the top of the gap where we bounced last week. I wouldn't be surprised to see bulls hold it there again. #3 - Price falls into the election gap and fills it. This would be a potential area to long, but also if it breaks even lower after that, we could be headed back to the recent swing low near 5700. That will be a key area of interest if price does get down there.
SP:SPX
by AdvancedPlays
US30 downThe Dow Jones Industrial Average (DJIA), also called “Dow Jones” or “the Dow” is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange (NYSE), approximately two-thirds of which are represented by companies producing industrial and consumer goods. “Price-weighted” means that each company is assigned a weighting based on its stock price. It was created by The Wall Street Journal editor Charles Dow in 1896.If the DJIA rises by 10 points comparing to yesterday, it means that the cost of purchasing the 30 stocks in the index today is $10 higher than purchasing those same 30 stocks yesterday, taking into account stock splits and dividends. Over time, the DJIA can be used as a benchmark for the economy
FX:US30Short
by KingForex078
How the Head and Shoulders Pattern Alerts the End of a Trend🔵 How the Head and Shoulders Pattern Alerts the End of a Trend NSE:NIFTY formed a Head and shoulders pattern this summer. This is one of the most important patterns when it happens after a long bull or bear trend because a trend change or at least a large neutral period is likely to happen. The pattern is often poorly drawn, and investors make bad decisions due to a lack of knowledge about Head and Shoulders patterns. At TopChartPatterns, we let an AI to find the patterns, so we just need to decide where and when to trade the pattern. ✅ When is a Head and Shoulders pattern confirmed? A head and shoulders MUST never be traded before the support line (blue) is broken . If the line is not broken, there is NO head and shoulders unfolding. Once the price breaks below the blue support line, a short trade with tight stop losses should be initiated. 💰 How to trade this chart pattern? You should short the underlying as soon as the blue support line is broken, with a tight stop loss above the support line. Translated to money: 1. Use tight stop loss around 1-2% 2. Use a take profits as large as the pattern, 6% in the NIFTY example. The returns are 3 to4 times the risk, so enjoy the journey while risking such a small percentage. 🛡️ The risk management strategy As we have done in so many previous ideas, remember you can split the position in 2. 50% of the position in a take profits as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels) 50% of the position to a price as large as the previous pattern or even around 1,5 times the pattern. (target 3 in the chart). The second TP is less likely to happen, but as soon as the first one has been reached (extremely high probability), this becomes a risk-free trade. ✴️ BUT… Where can I profit from this pattern NOW? There are head and shoulders patterns forming in: OANDA:EURJPY NASDAQ:MSFT
NSE:NIFTYEducation
by TopChartPatterns
Nifty Prediction for 26th November 2024Nifty Prediction for 26th November 2024 nifty moments for intraday and option trading The benchmark index showed significant upward momentum, driven by gains across all sectors. This rally was largely influenced by the NDA's victory in the Maharashtra state elections, which boosted investor confidence. On Monday, the Nifty index surged by 314 points, closing at 24,221.90. The session began with an upside gap, and early buying extended the pullback rally. However, the index lost some of its election-driven momentum, retreating slightly from its intraday high of 24,351 and forming like a Doji candlestick pattern on the daily chart. Despite the slight retreat, the Nifty confirmed a breakout of the Falling Channel pattern with a gap-up opening and sustained levels above the Middle Bollinger Band, indicating a bullish setup for the near term. Momentum indicators further supported this outlook, with the RSI recovering sharply from the oversold zone and showing a positive crossover. Additionally, the MACD exhibited a positive crossover, reinforcing the potential for a reversal. Traders are advised to maintain a positive bias as long as the Nifty remains above the 24,000 mark. On the upside, if the index sustains levels above 24,350, it could potentially move higher toward the 24,500 and 24,700 levels.
NSE:NIFTY
by ARROWINDEX
Nifty Bank Prediction for 26th November 2024Nifty Bank Prediction for 26th November 2024 Nifty bank moments for intraday and option trading. Bank Nifty opened higher at 52,046.35 on Monday, reaching an intraday high of 52,331.10 during the opening bell, marking a sharp intraday rally of approximately 1,000 points before closing at 52,207.50. This performance extended Friday's gains, driven by strong buying interest in PSU stocks, which saw the PSU index rise by 7% over the last two sessions. The rally was fueled by positive market sentiment following the BJP's victory in the Maharashtra elections. On the daily chart, Bank Nifty closed above the 50-day SMA with a gap-up opening, signaling short-term optimism. Looking ahead, the index has key support levels at 51,800 and 51,500, while resistance is anticipated around 52,600 and 53,000.
NSE:BANKNIFTY
by ARROWINDEX
BANKNIFTY : Trading Levels and Plan for 26-Nov-2024Bank Nifty Trading Plan for 26th November 2024 Intro: In the previous trading session, Bank Nifty showed a strong upward movement but faced resistance near the 52,200 - 52250 level, forming a consolidation pattern. The chart indicates key levels for the next trading day. Yellow trendlines represent a sideways movement, green trendlines represent a bullish trend, and red trendlines indicate a bearish trend. Based on the chart, here’s a detailed trading plan for 26th November 2024, covering all potential opening scenarios. Gap Up Opening (200+ Points Above Previous Close): If Bank Nifty opens above 52,460, the index will enter a key resistance zone (52,460–52,793). Watch for a breakout above 52,793. If it sustains above this level, look for bullish opportunities toward the next target at 53,200. If resistance at 52,460–52,793 holds and Bank Nifty shows signs of rejection, a pullback to 52,337 or even 52,199 is possible. Be cautious about reversals in this zone. Avoid aggressive longs if the price struggles near 52,460 and fails to break out decisively. Flat Opening (Within ±50 Points): Monitor price action at 52,337–52,460. This zone will act as the immediate resistance. If Bank Nifty consolidates or shows rejection here, expect a move toward the opening support at 51,936–51,866. For bullish opportunities, wait for a breakout above 52,460 with strong volume confirmation. Targets remain 52,793 and 53,200. If the index breaks below 52,199, the bearish scenario will dominate, and we may see levels around 51,866 or even the last intraday support at 51,649. Gap Down Opening (200+ Points Below Previous Close): A gap down below 52,199 will bring the focus to the 51,936–51,866 support zone. Watch for reversal patterns or strong buying cues in this area for a possible upward bounce. If the price breaks below 51,866, the index could slide further to test 51,649. A failure to hold 51,649 may trigger a deeper bearish move toward 51,500 or lower. Any bullish attempts will require the index to reclaim 52,199 with conviction before targeting 52,337 or higher. Risk Management Tips for Options Trading: Always calculate risk-reward before entering a trade. Avoid taking trades with a risk-reward ratio below 1:2. Keep position size small, especially if trading volatile options or on uncertain days. Use stop-loss orders for every trade and stick to them. For intraday trading, avoid carrying losses into the next day. Avoid chasing trades after a significant move; wait for pullbacks or clear confirmation. Monitor implied volatility (IV) while trading options. High IV means premium decay can occur rapidly if momentum stalls. Summary and Conclusion: The 52,460 level remains the critical zone to watch for bullish momentum. A break and sustain above it could take Bank Nifty to 52,793 or higher. Conversely, failure to hold above 52,199 may lead to testing of lower supports at 51,936 and 51,649. Be cautious and wait for clear confirmation before executing trades. Sideways consolidation may occur if Bank Nifty remains stuck in the range of 52,199–52,460. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. All views and levels mentioned here are based on personal technical observations. Please consult your financial advisor and perform your own research before trading or investing.
NSE:BANKNIFTYLong
by LiveTradingBox
NIFTY : Trading Levels and Plan for 26-Nov-2024Trading Plan for NIFTY - 26th November 2024 Previous Day's Chart Analysis: NIFTY showed a volatile movement after hitting day high at 25351, and closed near resistance zone that I had already highlighted in yesterdays plan. (highlighted in Yellow ) within the "No Trade Zone," respecting the resistance at 24,432 and support near 24,243 . Bullish momentum ( Green ) was seen towards the upper resistance zones, while bearish ( Red ) price action retraced near the support zones. The key levels of 24,609 (Profit Booking Zone) and 24,041 (Best Buy Zone at Retracement) acted as crucial points for traders. Trading Plan for 26th November 2024: Gap-Up Opening (Above 24,432): If NIFTY opens with a Gap-Up above the critical resistance of 24,432 , it is crucial to observe the price behavior near 24,609 . A sustained breakout above 24,609 indicates bullish continuation, targeting higher levels. However, if rejection is observed near 24,609 , a pullback towards 24,432 is likely, which could act as support. Wait for a retest before entering long positions. Flat Opening (Near 24,250): A flat opening within the "No Trade Zone" requires patience. A breakout above 24,325 (upper range of the zone) signals bullish momentum, with targets of 24,432 and beyond. Conversely, a breakdown below 24,243 could lead to bearish moves targeting 24,105.95 and 24,041 . Avoid trading within the zone to minimize false signals. Gap-Down Opening (Below 24,243): A Gap-Down opening below 24,243 will turn the focus to key support levels. If prices stabilize near 24,105.95 or 24,064.15 , look for signs of recovery to enter long trades. Failure to hold these supports could trigger further bearish moves towards 23,899 . Aggressive traders can short with tight stop losses. Risk Management Tips for Options Trading: Avoid aggressive positions during the first 30 minutes of opening to let the trend settle. Use strict stop losses and avoid over-leveraging. Monitor the option's premium decay and implied volatility if the price remains within the "No Trade Zone." Diversify between directional and non-directional strategies depending on market conditions. Summary & Conclusion: The key to successful trading lies in patience and discipline. Focus on the levels discussed ( 24,609 , 24,432 , 24,041 ) for directional trades, and avoid trading within the "No Trade Zone" ( 24,325–24,243 ) to prevent unnecessary risks. Both bullish ( Green ) and bearish ( Red ) scenarios offer opportunities, provided traders respect the levels and manage their risks effectively. Disclaimer: I am not a SEBI-registered analyst. The above analysis is for educational purposes only. Please consult with your financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
SPX Pull Back, ready for Continuation!!!Simple Entry. Just wait on your LTF Confirmation to Entry Price is bullish on the Weekly, Daily & H4 , Price is currently retracing to 1) Previous structure high, 2) Previous Resistance>support 3) Daily lvl, 5863, 4) 50% lvl (Not a prz) This is a prime zone for continuation. All Time frames are Bullish in Trend except H1. Wait for H1 to return and confirm bullish trend to enter Trade Ideal Entry will be around the 5,888 Mark, SL at 5839 TP1: 6,010 Stretch Goal: 6,476 Concepts used. Structure + Trend Price Action Support & Resistance Supply & Demand Fibs RSI
BLACKBULL:SPX500Long
by brianfj
3
SENSEX S/R for 26/11/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BSE:SENSEX
by zenthosh
FIN NIFTY S/R for 26/11/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:CNXFINANCE
by zenthosh
BANK NIFTY S/R for 26/11/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:BANKNIFTY
by zenthosh
2