Banknifty view for upcoming days. This view is only for educational purpose.
Upside is more than the downside, believe in something
Technical Analysis for Trading * Trend Overview: NVDA is trending higher, currently consolidating around $143.10 after breaking out from a descending trendline. The stock is approaching a significant resistance zone and is supported by a rising trendline, reflecting sustained bullish momentum. * Key Levels: * Resistance: $143.88 and $146.00 are key zones to watch for a breakout. * Support: $140.83 and $137.71 are critical levels to hold in case of a pullback. * Indicators: * MACD: Bullish crossover, suggesting upward momentum, but the histogram is flattening, indicating possible consolidation. * Stoch RSI: Overbought, which could trigger short-term profit-taking. * Volume: Strong buying interest supports the breakout, but continuation requires increasing volume. Gamma Exposure (GEX) Insights for Options Trading https://www.tradingview.com/x/CQAyl1vV/ * Key Gamma Levels: * Positive GEX: $143 and $146 are significant resistance levels, with $143 acting as the strongest gamma wall. * Negative GEX: $136 and $130 are key put support levels. * Options Metrics: * IVR: Low at 5.7, indicating cheap options and limited implied volatility. * Call/Put Skew: Slightly bullish sentiment with calls at 6.8%. * Actionable Gamma Zones: * Bullish Scenario: A breakout above $143.88 could lead to a rapid move toward $146.00 due to gamma-driven buying pressure. * Bearish Scenario: A pullback below $140.83 might activate put support around $137.71. Trade Scenarios 1. Bullish Setup: * Entry: Break and hold above $143.88. * Target: $146.00 and $150.00. * Stop-Loss: Below $142.00. 2. Bearish Setup: * Entry: Break below $140.83. * Target: $137.71 and $135.00. * Stop-Loss: Above $142.00. Important Note Market gaps or increased volatility could significantly impact these levels. Monitor pre-market activity and adjust strategies accordingly. If you need detailed technical or options analysis for NVDA or other stocks, feel free to reach out for personalized insights! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly.
Spot gold (XAU/USD) experienced significant volatility yesterday following Trump’s inauguration as President. Despite a sharp decline of nearly $20, gold rebounded strongly, gaining over $30 due to persistent bullish momentum. This surge is supported by ongoing global economic uncertainties, unclear policies from Trump, and continued geopolitical tensions in Russia-Ukraine and the Middle East. Technical Analysis: On the H4 chart, gold remains above the 50- and 200-SMA, indicating that the uptrend is still intact. While yesterday's drop was significant, the price failed to break the critical support zone at $2710-$2715. If the current bullish momentum continues, revisiting the previous highs seems plausible. However, a retest of the $2730 zone before resuming the uptrend is a scenario worth anticipating. Key Price Levels to Watch: BUY: $2730-$2735 and $2710-$2715 SELL: $2755-$2760 and $2770-$2775 Current Plan: The bullish trend remains strong, so the primary strategy is to look for BUY opportunities at strong support levels or during a retest on price corrections. SELL scalping for quick reactions is also a viable approach. Wishing everyone a successful trading day!
I know this looks crazy but the correction will facilitate a lot of buying interest in the market. 22400 is a major supply zone for NIFTY and usually price reacts there. I will be keeping a tight Stop Loss and look to average my positions if NIFTY stays within my SL area.
While my bias for bitcoin futures to reach 125k remain in play, I'm a tad suspicious of its attempt to take out the previous record high with any conviction this week. I take a closer look at trading volumes and futures market positioning to explain why. Matt Simpson, Market Analyst at City Index and TradingView
Analysis: 1. Lower Low Banane Ka Signal : Chart mein price consistently lower highs aur lower lows bana raha hai. Agar price ₹1,620 ke support ko todta hai, to agla lower low confirm ho sakta hai. 2. Downside Possibility : Red shaded area (resistance zone) ke neeche rehna bearish signal hai. Agar breakdown hota hai, to agla support ₹1,600 ke aaspaas ho sakta hai. 3. Wait for Confirmation : Agar price ₹1,645 ke resistance zone ko todne mein fail hota hai aur neeche ₹1,620 ke paas aata hai, to yeh sell confirmation ka signal ho sakta hai. Aapko breakdown ke baad retest ka wait karna chahiye, jo better entry dega. --- Suggestion: Stop-Loss : Agar aap downside ke liye position lete hain, to stop-loss ₹1,650 ke upar set karein. Target : Pehla target ₹1,600 aur doosra ₹1,580 ho sakta hai.
CSPR has been trapped in a death spiral of decline for quite some time until the Trump Election Pump. It has since consolidated into a wedge pattern. If the price breaks out of this wedge and retests the upper (green) trendline area, the price could appreciate upwards of 90%. I personally think that CASPER is a trash token, and I would never hold it, as its management team has clearly demonstrated that they are absolutely incompetent and likely corrupt. However, as far as trading is concerned, it could prove to be a decent trade in the short/medium term. This trade also carries additional risk due to the poor management of the company, and this fact should not be underestimated, whether you hold tokens long term or make a leveraged trade in the short term. Good luck, and always use a stop loss!
ZK ~ 1D #ZK If you still have Conviction on this coin,. This is a great support block to start buying back with a target of at least 15%++
Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button. We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today! https://www.tradingview.com/?aff_id=109100