Bank Nifty formed a double top around the 56,000 mark in the morning session and did not retest that level throughout the trading day. In fact, it made a lower high and closed near a strong support zone around 55,300. With the market holiday on May 1st and upcoming news flow, charts suggest a possible further correction towards the 54,500–54,580 range.
? CRYPTOCAP:XRP Testing Purple Resistance Zone ? CRYPTOCAP:XRP is currently testing a significant purple resistance zone. A breakout above this level could signal a bullish move, with the first target at the green line level. Keep an eye on the price action for confirmation. ? Technical Overview: Resistance Zone: Purple area currently being tested. ? Breakout Target: Green line level upon confirmation.
the price made a decent pullback, but now it looks like that trend will be bearish as soon as it breaks the marked support level. The overall trend is bearish, and more importantly, DXY is falling sharply, which suggests that the trend will remain downwards. Other useful information has also been given in the chart with also short position been drawn
This is the short term target. * The purpose of my graphic drawings is purely educational. * What i write here is not an investment advice. Please do your own research before investing in any asset. * Never take my personal opinions as investment advice, you may lose your money.
Render (RNDR) has shown strong resilience by forming a double bottom and reclaiming the key $4 level, signaling potential strength. We’re now watching for a sweep into downside liquidity (sub-$4 wick), with a daily close still holding above $4—this would confirm a strong long opportunity. ? Entry Zone: $3.50 to $4.00 ? Take Profit Targets: ? $5.64 ? $6.70 ? Stop Loss: Daily close below $3.00
here we should have to look at the week chart , there we get an opportunity to get billions of dollars.... very easily..... hurrrrryyyy
The market is basically in a weak decline during the day, and the rebound is not strong. The hourly chart shows more negatives than positives, which shows that there is still a decline. As for the position selection, it is not recommended to chase the short position. If it can reach the high point of 3323-3324, it is still possible to continue to short. The support below is 3287-3270. If it falls below the low point of 3260, then pay attention to the top and bottom conversion position of 3245.
Bank Nifty formed a double top around the 56,000 mark in the morning session and did not retest that level throughout the trading day. In fact, it made a lower high and closed near a strong support zone around 55,300. With the market holiday on May 1st and upcoming news flow, charts suggest a possible further correction towards the 54,500–54,580 range. #nifty #banknifty #nifty50 #niftybank
Still Bearish. Clear top and been working down ever since Yet another reject near the .382 FIB LEVEL, which was a reload zone in Q3 and Q4 of 2024.. now a sell zone since Q2 25' began as its cooled off from ATH to end 24 and begin 25. Looking to buy @ .236 & lower. Would not take a BUY higher until a break & hold above .5 to confirm some strength to an upside move. NVDA overall as a company is going to be a powerhouse in multiple spaces in the future, we can all see that. It's not going anywhere and has multiple huge investments to push its industry hold even higher and revenue down the line to increase. Their wide range of partnerships within the autonomous driving space with companies like GM, Toyota, TSLA (for its chips) and more position NVDA to be one of, if the not THE the largest market cap companies within the next 10 years to me. Autonomous driving I personally feel will begin to make its way to a MAINSTREAM space beginning around 2030 and by 2030 will have an extreme space in day to day by 2035. Long term vision beats short term gain!
Price is oversold in the h4 time frame according to the stochastic indicator which mean it is most likely going to pullback into the sell order block or liquidity zone then potentially travel down. safe entry idea: wait till price enters the liquidity zone (sell orderblock) and wait for the stochastic indicator to be overbought then enter. or you could set a pending order for when price touches and rejects the sell orderblock Good Luck!