AMBUJA CEMENTS LTDAtualizado

AMBUJA CEMENT DOUBLE TOP ON 1D TIME FRAME

Ambuja forming a double top on 1d time frame and on weekly time frame scenario is weak, so price can come down to test support if it has to go up.
1->430 below 423-414 level can be seen (on weekly basis)
2-->for Monday:- 432 below 15min candle closes 430-426.55 target levels can be seen
3-->if sustains above 438 for 15mins then 441-444.10target can be seen

monthly report is a big red candle can form
Trade fechado manualmente
price formed Doji on day timeframe so wait till price breaks any level as this is indecisive zone
444.45 a resistance for the week 432.10 a support if breaks any point then big move may come but i'm seeing a downward move but only at levels,
444.50--432--> a no trade zone
safe traders can avoid trading when price in this zone and trade on price breakout any mentioned level as it can trap.
High risky traders can buy/sell at support& resistance levels.
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Price moved today due to news but didn't closed above and formed a indecisive candle from here price can consolidate in a range or break(depends on buyers/seller accumulation)
trade setup for tomorrow is 436-447.50==> no trade zone & high risky traders can buy/sell at support & resistance.
444.15 above price sustains then small target of 447.50=>1st hurdle then 448.30-449.10 next target
440.15 below 438.25-436.55 target levels can be seen & a trendline is coming from bottom on 30min time frame take it into consideration
note: as analysis says price can stay sideways till friday but nothing is 100% in market this is just a mere observation pls before taking any position consult with your financial advisor.
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price fell and took support but still there's no confirmation about move so what can we expect on Monday if sustains above 441.25 for 15-25 mins then buy but very less likely to happen as price will fall as it may act as resistance;
430 a day support if breaks then 425->1st target 422.30 -->2nd target
434.40--440.10==> no trade zone.
price is weak if it has to form a pattern then it has to sustain above given price level for moving up.
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Price showed some positive signs and today closed exactly at resistance zone;if it has to go up then it has to sustain above 444.10 for atleast 30mins for upside trade
447.40-445.55 can act as resistance zone upside for tomorrow- for gap-up/flat scenario & if breaks then 455 next resistance zone
if flat open and crosses 439.65 on 15min time frame then 436.50-435.15 target level can be seen,
"price can go up once and fall for 4 points for healthy up move"
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A Big Move is expected but after a trap as price moving in a "RANGE" but if closely observed then it's "Symmetrical Triangle" so with price movement support shifts with every passing minute & price can show a false move then continue to other side(EX: if falls then after 2-4 points will reverse & will go up and if goes up then can trap& fall) if big candle forms on breakout then there's high probability of failure & reverse so wait for retest on big candle.
436.50 a support if tests & goes up buy; if fails n breaks then 435-433.65 level can be seen or if breaks that too then 430 a round-level support.
442.10 above 30min candle sustains for buying 444.10-448.05 target levels can be seen.
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price moved above trendline and came down and stayed sideways from here if buyers accumulate then will go up or if sellers take charge then can see a fall but there's a trendline support at bottom if price comes down near 440 & green candle with good volume forms then can buy for 4-5 points target & if breaks & closes below 438.55 on 15min then a fall of 3 points can be seen;
on flat scenario 450 above 15min candle closes then 454 target can be seen & if goes up then trail
flat & 442 break 437-439.50 level can be seen;442-449=> avoid
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446 above 449.45 & if breaks it too then 450-452 level can be seen but there's a resistance trendline at top which shifts with time passing so levels will be changed
440 a support if 440 breaks and 30 candle closes(15min candle*2/ 30min 1 candle)
then another 3-4 points target can be seen
440.50-446.15==> no trade zone
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price moving in a range and taking support at support trendline so by impacts price support with every passing 15minutes 441 a range support below it scenario will be weak 450 a trendline resistance above it price will move up,
443-449.40=>no trade zone
447 above 450 target; 443 below 441-440.20 target level
can buy at support if price forms a green strong candle and same for sell at resistance level on red candle.
a move may come & will try to trap so wait and trade on confirmation only
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price is weak on bigger timeframe but reversed from support line-2(price reverse last 15 mins) so if 433 breaks then 430 immediate level can be seen and if doesn't sustains there then
425.15 can be next stop so if a buying comes from support then can buy for 3-4 points max but if a big first red candle forms of 3-5 points then mark high & low of it & trade on level break;
441.35 above 445.40 target level can be seen if goes up further then trail
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"A Falling Wedge" type pattern on daily time frame and price reversed exactly from support level so if breaks 423 then 419.50=>1st target then 414.50 next as price can fall a little then can show reversal sign; or can reverse tomorrow as took support at 423;so can be make or break tomorrow
430 above only buying can be seen till then wait as 4-5 points buying can be expected can try for a buy at support level.
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"A FALLING WEDGE" type pattern on daily & weekly timeframe but price is near neck support of double top in weekly & at crucial support on daily, so it can make or break 415.95-414.10==> a support zone if breaks then 412-410 can be seen so on 418 break can take sell trade on red candle.
If first 15min candle is big n red(3-4points)then wait for support zone break [or] take support & form green candle for buying at bottom
422.50 above buying for 427.65-428.90==> can be seen
a small buying is needed & can come tomorrow as I'm expecting, if weak on day & closes below then 400 level can be tested in coming days if Monday closes below 408 only.
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2Things happened as price took support from exact 414 & went up those who took sell trade below 418 might have got their sl hit or 2 points target, & those who took buy at support would have got profit;
{.6} level on rejection at 3:00pm candle daily &
[.23%] rejection on hourly basis so price if closes above then can move another 5-6 points till 432 as it is .32level
scenario for tomorrow is 425.75 above 30min candle closes then 431.45 can be seen,
429 near price forms rejection candle then 3-4 points target can be seen.
426 above 429= buying zone/419 below 416=selling zone
but be cautious tomorrow can show abrupt move.
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a crucial mid level on daily timeframe so from here price can fall a little then go up or continue upside momentum. Trade setup for tomorrow is
434 above price sustains for minimum 20 mins then take upside trade for 4-6 points
428 a point where price got buyers so if goes below it immediately 426 level can be seen & if breaks it too then 422 level will open, so if tomorrow price goes up takes rejection near 434-435.25 then a sell trade for 3points can be seen & if goes down near support & forms a green buying candle with good volume then buy for 3-4 points then trail or book as per need.
note: if 1st candle is big of 4 points or more then wait for level 434 up 422 down.
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On Monthly time frame trend is weak, on weekly timeframe trend is weak,
daily timeframe formed doji so doji above buy and below sell as price is still moving in falling wedge pattern & on shorter timeframe a head & shoulder type pattern can form & if sustains above 428 or 434 above closes then can go up straight mostly when pattern like this forms it gives fake breakout & reverses in opposite direction.
for Tuesday:429 above 15min candle closes 432.10=1st target then if goes up 433.75-434 level can be seen.
420 below candle closing comes on 15min timeframe then fall of 4-5 points can be seen.
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higher high & higher low on weekly & daily basis; on daily a parallel upward channel formation, on 1 & 2hr a head & shoulder pattern, as price took support from 0.618 level closed above 885 above buy for 890=1st target,then 894 then 900-904 target levels can be seen
if falls & breaks 870 then 865-864.40 immediate target if falls further 860;
once on daily time frame if closing comes below 850 then 20 points fall can be seen till point where demand came.so if stays in 15min 1st candle range then mark high low & can be volatile.
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A "W" Pattern formation on hourly basis if 422 level at bottom breaches then big fall and if neck point 434.65 crosses then 439=1st target & 442-2nd target level & above it 445-447 level but there's a resistance trendline at 436 let price sustain above it or break it with good volume candle on 15minute basis.
427 below sell 425=1st hurdle if breaks then 422-421.15 can be seen
tomorrow can fall a little then can go up or stay completely sideways.
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doji on 1day timeframe & on hourly basis head& shoulder pattern confirm on 424 break but on smaller timeframe double top and neckline at 427.40 if breaks then fall till 424.30 can be seen,
434.30 above 15min candle sustains 3-4 points target can be seen.
424 below 422.50--1st target then 420-419.40 can be seen
note: There's a trendline at top which is acting as resistance & 424 a neckline trendline on 15min so if breaks it then fall when doji forms there's high probability of a big move on anyside can be seen,as per price movement it can fall then reverse back
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price took rejection at top on resistance line & double top formed n fell
435 above 15min candle closes then buy for 438.30 target if goes up 440 next hurdle
431 below sell for 429.60-428 target level if breaks then 426
price closed inside doji candle but good buying volume so expected to continue but there's a trendline at top which impacts price rejection shifts
if first 15min candle is big then wait for high/low break for trade.
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price slowly moving up but on smaller time frame price took rejection from trendline at top so setup is 439.25 above let price sustain for 20mins then buy for 442-446.30==level(as this is a zone where price took multiple rejection)
432 below 428.70 can be immediate level be seen,
if price took rejection from 442-440 & comes below 439.10/438.65 then sell for 2 points if falls further trail.
Trade ativo
On daily timeframe price took breakout but we will buy only if price sustains above a particular price point. on smaller timeframe price breakout the level & coming for retest so trade setup for tomorrow is 440 above price sustains then buy for 4 points target if goes above it then 447.45-450 level will open, if price falls below 432 then 430=1st target then 428.45-428 level will be seen;
imp note: if price falls a little to 432/433.65 then goes up then targets will be previous day high (or) 3 points.
I'm Sorry! as was not well so didn't able to do analysis so pls accept my apologies, still recovering hopeful to be fit by Thursday & continuous analysis will come.
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450 level opened buy when price sustains above 11/10/2023 high for 15min for 450=1st target then another 2-3 points
442 below weak scenario for sell but price can pause a bit then move as can stay in a range then move
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price took a breakout then retest done today with good volume, So can expect a breakdown on small timeframe then can continue upside momentum,
high risky traders can sell on 444 break for 442 tgt, safe traders can wait for 442 level for 440.30tgt if goes down further then trail but 440 can act as support
for buying let price sustain above 447 for 449.30-450 tgt levels.
if first 15min candle forms in between 442-446.45 then wait for level break to trade.
Trade ativo
price falling & can fall a little further so draw two lines 1.resistance at 445 for Monday 2.support at 437 any side breaks then 2-3.50 points target can be seen
if hits resistance or near then on red candle can try for a sell trade &if breaks 445 &15min candle closes above it 450level will be seen==less likely
if price falls takes support near 437 then on a green candle can buy for 3 points
if support breaks then 434.40 will be next target.
in between avoid
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445 upside and 439 downside mark levels which side breaks and sustains for 15 min then buy or sell it takes rejection can sell for previous day low; if takes support on green candle buy for previous day high.
if breaks anyside a big move may come
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Draw two rectangular zones one at 445 and another at 440.trade on side it breaks n on proper closing basis on 15min candle 443 a price point where price can go & can fall or if sustains then can break upside 445;
if forms a rejection candle at or near 445 sell for 443--1st target then 440.45
if takes support near 440 then 443--1st target then 440.45-445.10.
if support breaks 438-1st target then 435.if 445 breaks 447.35--1st target then 449.10-450.30 a strong supply zone.
NOTE: When price touches a trendline multiple times then there's high probability of breaking it,this is just a teaching dont be biased & trade according to levels
Trade ativo
As mentioned yesterday price formed a big negative candle & all momentum for upside is gone today so for tomorrow it can play tricky as draw a rectangular zone from 432.55 to 428.50 at this price point it can take support or breakdown so if takes support we will buy for 3 points max as a quick recovery is least expected & a small pause or fall is expected, if breaks low then sell for 3 points
levels are 438.80 above a candle closes buy for 440.45-443.50tgt
if 431 breaks 428.80=1st target then another 2 points can be seen as 427.50 a strong hurdle so price can take support,
Note: if price takes support at low then buy 3 points tgt,if goes up forms negative candle sell for 431 tgt
Trade ativo
before jumping in pls take a look at chart on monthly basis you'll see a pattern forming;
on weekly basis that pattern completed a 70-80% mark;
on daily basis pattern not gonna form as price action says price moving slowly up,as price was in a channel breaks it goes up then comes down again retests it n closes above so what now?
2things can take a pause & continue slowly up move with small candles or breakdown.
draw a line at 445 and another at 430.
for tomorrow if price breaks 440 many hurdles try booking 2 points or keep trailing as per your risk reward 443.10 hurdle 444.45-445 next hurdle
at bottom a trendline if 435 breaks & closes below 432.85-1st tgt then 430.45-430.00 tgt.can be little tricky.so be careful
Trade ativo
negative scenario, This week range is 440-420 price can stay in between.
434.25 above 437.5 tgt level; price can fall a little to 3 points from previous close & reverse back so at high/open crossing can buy for 2 points & if 427.55 breaks then 426.45-425.10/424.30 tgt level can be seen ON Monday.
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Before analysis pls check oct-1st analysis where i've mentioned about fake breakout,& price did exactly same it went up everyone thought it will go up then it fell continuously & price at strong support level & reversed on 23rd oct 3:15 candle support & next day price opened up a little then fell,
This week range is (411.60-421.45)
415 Below 15min candle closes 412-410 level can be seen;
for buying wait till price sustains above 423 for 425=1st target then 427.80-430 tgt level.
NOTE: if tomorrow 1st 15min candle is red mark high & low of it wait for support level break or take support for buying for 2.25 points target.
Trade ativo
Before analysis a request to everyone to go on 1day timeframe & see the candle formed; if spinning Top= then question is when price went straight up why spinning candle formed? if doji then why? will wait for at least 1 reply let see how many of us are learning & working/trading on levels;
analysis for tomorrow is 410-409.75=lower support & 422.80= resistance price can stay in between if rejection at top sell, if breaks & sustains then buy 2 points max 425 is big resistance,
410/409 below candle closes then previous day low can be tgt if goes below it too then trail.
buy at support & sell at resistance; but be careful can be volatile tomorrow as new positions will be made for the month.
Trade ativo
price is forming a pattern but on larger timeframe price is still weak n negative & a trendline coming from long on weekly so lets see how price reacts in coming days420 above 422.55=1st hurdle then 424 next target if goes above it then trail candle to candle,
415 below candle closes then sell for 412.20 target level can be seen.
"Answer for 26-oct question is spinning candle formed as in last closing time{3:45pm} price fell sharp to 416 even when chart showed 420 at 3:30pm" & there's bid n roll-over for future & options contract so there price averaged.
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TOMORROW another green candle may form it can be big or a doji at least on rejection; as monthly & weekly scenario is weak & price is at rejection zone 424
expecting a flat opening near 421.95/45-420.55.
for buying if price sustains above 424.55 for at least 30mins then buy 428 levels will be seen. why 30mins & 424.55=there's a rejection zone & price took multiple rejections here.
418.80 below 416 level will be seen,
if price falls a little to 416/418 then can buy on support candle 2 points then trail/book as per risk reward
if price faces rejection at top near 424-426.75 then can sell on red candle for 3 points max.
Trade ativo
price fell after results & took a small support then went up can open near 406.65-406 & sharp selling can be seen till previous day low then breaks it then sell for 402.50=1st tgt then 400.10-->2nd tgt if closing comes on day basis then 395 can also be seen in coming days,
412.55 above buy for 415.85 tgt then 418.45-419.55 tgt level can be seen
don't be surprised if price trades in a range or shows a little positive sign.
Trade ativo
Price at deciding point from here it can go up or can fall so for monday wait for price to decide a move
418.50 below 416 level to 415.75-415 can be seen
421.80 above sustains then 424 1st target then 426-428 level can be seen
but if open tomorrow at 419.10-420.80/421.20 then wait for 5min 8candles then trade on side the move is.be cautious tomorrow
Trade ativo
price fell after taking rejection from 425 which was a resistance zone so for tomorrow 419 below 417.50 tgt level can be seen if falls further trail as 415 a strong support.
427.55 a possibly strong resistance but only for gap up it will act as resistance for flat 425 is a strong resistance for day if breaks 427.80 will be seen if price takes rejection at 425/427.75 then 2-3 points sell off can be seen,
422.15 above 424-424.85/425 tgt level can be seen.
Trade ativo
price on bigger timeframe is negative but when on daily timeframe price formed a negative candle but sustained above support zone so what can we expect
416= a support; 425= a resistance
418.35 below 416.85 level can be seen then 415.60-415.05
422.40 above 15min candle closes immediate target is 424/425.05-426 if sustains then 428 can also be seen, tomorrow if price sustains in between 425-417 then trade on own risk at top negative candle sell,at bottom green hammer/long legged doji/dragonfly candle 2points target can be seen if goes up then can trail as per risk reward
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price moving in a range 417-423=No Trade Zone
416 a support for tomorrow & 426 a resistance for tomorrow
419.60 below 416-415.40tgt level can be seen then trail
423 above 426 level can be seen but i'll say to wait for price to sustain above 426 15min candle closing then 428 level can be seen then if goes up further trail.
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426 a resistance and 414 a support
if price stays in 09/11/2023 range avoid
if breaks any-side trade on that side or at resistance a negative candle for selling at support a green candle for buying
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424 a resistance and 415 a support
price can hover in between these two points for a day or two as price has been continuing the narrow range so tomorrow price can open a little negative then move up & can reverse near 422/423.25.be cautious tomorrow
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415 a support; if breaks then more fall can be seen till 412 level or below,
price is continuing to trade in a range & sustaining above a important support level for buying let price sustain above 421.30 for 424.10tgt level,
417 below can try a sell for 415 tgt level if goes below then trail if takes support book tgt and wait for price to cross 420.65 level at least for buying.
Trade ativo
A Dragonfly Doji candle formed & took support of narrow range so the significance of the candle is a little positive so im expecting a buy for minimum3-4 points for tomorrow above 420.45
but let price sustain above 421.25 for 423.45-424 level if goes above trail
if price goes below 417.30 then 415.40 immediate level will be seen. tomorrow a pause candle( doji long legged) to buying small candle is expected
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at important level from here a make or break 434.75 a resistance & 408 a support.
418 below 416 immediate target then 413.15 tgt level can be seen
423 above 426.10 tgt level then 428 level can be seen,
expecting a little fall till 410 or near 412/415 then price reversal.
Trade ativo
On daily timeframe price can form a red candle till support or a buying can be initiate at support both scenarios have possibilities as price is near support and resistance is getting shifted with every passing day so 418 a support and 424 a resistance if price opens flat and breaks 418 then 417 a possibly tgt level if break it then 416.55-415.45 level can be seen.
if price sustains above 421.65 then 423-424 tgt level can be seen.
Trade ativo
price fell and break support level and next support is 410 but 412.25 can act as a small support,
413.40 below 412-410.20 tgt level can be seen then trail if goes below
416 above 15min candle closes for 418.30/418.80 tgt level can be seen.
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price fell break a hurdle then touch/reverse from near support level & "V" shape recovery came which is unusual so tomorrow price can trade in a range n be sideways.
413.20 below 411.70-410.20 tgt level then trail till,
417.50 above 418.30-420.55 tgt level can be seen,
price can stay in a range of 411-420 tomorrow and a pause candle can form.
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pls check on 1month timeframe a formation in process if that forms then a big fall can be seen, but on smaller time frame price is in a range of 15-17 points from past 1month. so 2 scenarios can form
(i) Red candle forming & filling the wick of previous two candle & close below 411.30-408.60. [OR]
(ii) a green candle to form from previous day low to close above 416/416.75 for up move.
for tomorrow 413 below 412 a hurdle then 411-410.20 tgt level can be seen if breaks it too then 407 next stop.
if 15min candle closes above 416.50 then buying scenario for 418.30-420.40 tgt level can be seen, As price trading in a range i'm expecting a price break of level.
Trade ativo
The Move came today is completely news based & at last few hours of closing price seen a 0.23% retracement so price reversal is expected or if breaks it then the 50% fall of previous day gain can be seen
430 below double top formation active and a selling can be seen 428 immediate target if goes below it trail as per risk reward
435.45 above 437.30-439.45/440 tgt level can be seen
if price stays in between 437-424 then complete sideways and can trap so be cautious.
Trade ativo
price broke a level and going up but the candle formed on daily timeframe the wick can be filled of breaks 432 level
437.45 above 439.30-440 tgt level can be seen then trail if sustains above it,
433 below 431.50/431-430&429.45 tgt level can be seen if goes below it trail as per risk reward.
Trade ativo
a trendline is at bottom which price is respecting & its at 436 and wit every passing time it changes so 436 below sell for 434=1st tgt then 432 tgt level can be seen
441 above 443.80 tgt level can be seen.
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On weekly basis price broke the parallel descending channel & closed above it;
LEARNING: "When a parallel descending channel forms on bigger time frame price breaks it upside ,if a big breakout candle forms then likely a fake breakout but if breakout candle have a wick at bottom then it means price broke retested & sustained"
a trendline at bottom on 15 & 30min timeframe if breaks then fall 440 below 438 immediate level if sustains then more fall till 437.45/436.35 tgt level can be seen,
for buying let price sustain above 443.35 for 444.85 a hurdle if closes above it then 446/446.60 tgt level can be seen.
Trade ativo
Price is continuously moving up so a small pull back is needed if price comes below 472.40 risky traders can sell for 470 tgt level then trail if falls further;
safe traders can sell below 471.30 for 467.60 tgt level & 465.30.
For buying let price sustain above 476 for 479-481.15 tgt level
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price continuously moving up so 527 level opened & can act as a resistance if price takes a dip; for tomorrow i.e 6-12-2023 if 506 below candle closes then sell for 503-501.65 tgt if falls further then trail & 500 below candle goes then 492 level can also be seen;
512 above buying will get active on 15min candle closing basis for 515.85-517.20 tgt level if sustains then 525-527 tgt level can also be seen.
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If this is a retracement then a pause to positive candle should form if not then a price correction till 460 can be seen.
498 below 496=1st tgt if sustains then 492 tgt level can be seen.
for buying we need to wait till 505 level to break & sustain above it then 2-3 points move can be seen,
tomorrow if a little fall & then reverse from golden zone/support zone comes then can go till previous day closing.
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price retracement done & sustained above .23% level so if on 8-12-2023 price trades in between 502-508==avoid as this is a high volatile zone & price can reverse at any point,502 below 500 if price takes support at 500 then a buy for 502-503.80 tgt level, if breaks & goes below or a 15 min candle closes below 500 then another 3 points tgt can be seen.
508 above a 15 min candle sustains then a buying can be seen for 510/511.50 tgt level.
For gap up wait for 30mins & trade as per levels.
Trade ativo
price reversal seen in last 2hrs if Monday price comes below 492 then can fill gap/wick till 482.35/483 by forming a red candle & there's a golden ratio near 483 so it can act as support.
for buying wait till price cross 496.55 for 498.70-499.90/500 tgt if sustains above it then 504 next tgt can be seen, if gap up near 500 then wait for 30 mins & trade on side price moves, if 1st 15min candle is red & big of 4-7 points avoid. if green candle forms then mark high & low of it & trade on side breaks 2 points keep trail or book.
for selling wait for 492 level=high risky traders for 2-4 point tgt 490 below safe traders can sell for488.60-486.80 tgt level if goes below trail as per risk reward.
Trade ativo
Firstly pls accept my apologies as i was unable to put analysis for 12-dec-2023;
if price has to confirm a price pattern like inverted head& shoulder then a little fall then reversal should form; 507 above inverted H&S pattern will confirm & in coming days more up move can be seen, 497 below 496-494 tgt level can be seen if goes down further then trail; 503 above 505 tgt level can be seen, (502-505.40=a high volatile zone be cautious here) a small pull back & then continuation can be seen
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Firstly wanna Thank each & everyone who supported me from start by boosting & following me & my analysis & Thank you for showing the belief in my analysis i will work hard to put more detailed way possible to easy understanding.
Coming to analysis part pls I will request everyone to go on 2hr timeframe & put line chart & why I'm saying price will move up as inverted head & shoulder pattern formed; so if price goes below 507 high risky traders can sell for 506-505 tgt level can be seen, once price closes above 510.50 & 15min candle closes above it then 512-515 tgt can be seen or more.
507.40-510.50=High Volatile zone where price can form a red a green candle to trap traders so let price close above/below for trade.
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price is still positive & can go up but a retracement can come to test levels then can continue momentum
518 below a fall till 515.40 tgt level can seen & this can become very fast & then if sustains then 513.50 tgt level can be seen.
for buying SL will be big at immediate/current level so let price sustain above 523.50 on 15min candle basis for 524 a hurdle if crosses then 527 level will be seen.
Trade ativo
A Doji on 1day time frame formed & near a resistance so a indecisive candle at top creates confusion weather to buy or sell as many scenarios come in-to effect as it can come down to test 514 level or move up to test 529 level or stay complete in a range/sideways.
if 520=a support breaks then 519 a hurdle if breaks that too then fall till 516-515.30 then 513 level can be seen
if breaks 525 level & sustains above it for 15mins then 526-529.30 tgt level can be seen then to 532.10 next tgt.
mark 2 rectangular zones SUPPORT ZONE @ 514.50-515 or can take from 513
RESISTANCE ZONE @ 528.60-529.40.
Trade ativo
price is negative on daily time frame & price can form a red candle to fill the wick of previous day candle i.e. 522-517 but price can fall a little & can reverse or form a halt candle like doji/spinning candle, & levels for tomorrow is
520 below 517.55 tgt level can be immediately seen or can fall for another 2-3 points, if price sustains above 525 then we can see 528-528.55 tgt level can be seen but price will show volatility before going up or can show fake level break be cautious tomorrow
Trade ativo
After todays fall price can fall a little more as the selling pressure will be there with a little fear & 482.35-484.15 can act as support zone & golden ratio 0.6 level is there too if price has to go up then it should reverse from here & 500 is resistance for this week.
tomorrow will be wait & watch day & trade in 2nd half buying only if price takes support at above level i.e. golden ratio zone if 482 breaks & 15min candle sustains then more fall till 474-478 level can be seen.
Trade ativo
Price formed a Doji candle on daily timeframe, so it can fill 510 wick level or can fall to 498 level, after this a (i)spinning candle or (ii)a long wick candle or in rare scenarios a (iii)Body candle with wick at top/bottom can form.
510.50 can act as a resistance but this time price can break it & go up till 512/513.45 level. so if flat & goes up breaks 506 level then 508/508.75-510.50 tgt level can be seen as price will become strong. if opens gap up near 505-505.80 then wait for 1st 15min candle if red candle forms a rejection then can fall till 500 level
if price falt opens falls a little then goes up it will continue to 508/510 level or more. avoid trading if price stays in between 503-507 tgt level can be seen.
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Price on monthly and weekly can form a red candle to fill wick of previous candle or can form a halt candle this week, but on smaller timeframe price is forming a Symmetrical Triangle & can break on any side but before that it will do a fake break then move in other direction so be cautious & levels are 508.55 above 510.40-512 tgt level can be seen; if price gives a fake breakout by going up then it should not touch 512 level & reverse from 510.40/510 or 509 so from there price will fall & touch 505-502 level or more fall; & if sustains above it then buying for another 2-3 points can be seen,
if price breaks 504.25 level then 502.70-502 tgt level can be seen; if fake breakdown then can go down to 503/502.70 then reverse to touch 508-510 level.
as participation is less price can move in first 30mins of opening so wait till 10:15 to trade as per move & level.
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Price opened gap up & consolidated in a range to a little fall & if on 28/12/2023 price closes above 519.65/520 then 522.50-523/525 tgt levels can be seen.
if comes down a little to 513 & breaks it & 15min candle closes below it then 510.50 tgt level can be seen then 508.45-507.50 tgt level if more negative or can fill the gap created on 27/12/2023 but if 1st half stays sideways & above 516.80-517.45 then 520-522.45 level will open.
513 a support and 525 a resistance.
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as per pattern another small red candle can form but 520 will be a resistance & 513 support tested on 28/12/2023 so it wont be a support anymore & 510.50-508.55 can act as support zone as price took rejections here in past so if breaks 512 then 510.60-508.55 tgt level can be seen & if sustains above 515.80 & a green candle closes then buy for 517.30-520 tgt level.
29/12/2023=last trading day of the year don't fall to trap(fake breakout)
happy new year & may you all earn very good in this coming year.
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WISHING ALL A VERY HAPPY & PROFITABLE NEW YEAR-2024
for monday if price stays in between 513-522.45 then sideways as no trading zone
as on smaller time frame sideways but on bigger timeframe i.e. there's possibility of breakout
so 522.50 above 15min candle closes then 523.70-525 tgt level can be seen
if 516 below candle closes then 515-513.45 tgt level can be seen
flat opens wait for level break to trade & if gap up near 522 wait for 15min 3 candles then trade as per levels & if gap down then level break sell for 4points max tgt.
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price given a breakout & sustained above so tomorrow if price breaks 530 then can come down to 528 or low for 524 level & if sustain above 535.55 then 538-539.30tgt level or more till 544 level can also be seen
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price can form a candle to fill the wick or can create a pause candle(doji)
if price breaks 528 &15min candle closes then sell for 526.15-525.65 tgt level can be seen.
if breaks 532.50 then 535.65-536.40 tgt level can be seen.
(527.50-532.50)==> NO TRADE ZONE
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price formed a halt candle as said but the big move came due to news.
so tomorrow i.e. 4/1/2024 price can come down or price can go up to fill the wick
if 533.50 below price goes then 530.65-528.25 tgt level can be seen.
539.70 above 15min candle closes then 541.25-542.80tgt level can be seen.
if price goes below 528 then more fall can be seen in coming days.
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price touched a high after a long time & possibly opened 566 level so if price falls below 547 then can touch 543 as it may act as support as on smaller timeframe a double top formed & it can complete the fall or reverse to fail but be cautious.
543 below sell for 541/537.70 tgt level
For buying wait till 15min candle closes above 553 for 3-4 points & once it sustains above it then more up move can be seen.
price filled the wick of 3-1-2024 & closed above it too, so tomorrow there's chance of continuation to pause candle formation.
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price given a retracement so there's possibility of continuation or in a 5% chance of halt candle formation on day timeframe so tomorrow i.e. 8/1/2024 if price breaks 544.40 & sustains above it or 15min candle closes above it then it may go up to touch 548 level but there will be hic-cups so be cautious & trail as per risk reward
if price breaks 539 &15min candle closes below it then can go to 536-534.40 but 538 is a point let candle close below it
if price falls a little to 539.15-538/537.65 then reverse then can initiate a buy trade for 3 points & if crosses above 545.65 then another 2-4 points move can be seen.
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price fell as per analysis but target's were not as per analysis so pls accept my apologies & on bigger timeframe price is negative & on 30min a " W " Formation is seen it will confirm if price closes above 535.50/537.50, but if price goes below 528 then fall till 526.35-525.50 can be seen or more fall can come due to panic but remember (526.35-524.15) a level where price can reverse if price sustains below it then fall for 521.65 tgt level can be seen.
533 above 535.50-537.50
528 below 526-525.50/524.15 tgt level can be seen.
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price is falling from past 3 days so i'm expecting a halt candle it can be doji or long legged or rejection from top it can be anything so price above 528.50 above 532 level can be seen;
if price goes below 523 then 521.65 can be a hurdle then 519.50/518.50 tgt level can touch.
or price can continue fall but a up move & then fall is needed for big targets.
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as said a halt/pause candle formed & price sustained sideways today so tomorrow i.e. 11/1/2024 if opens flat & goes down 524 crosses then it can go down to fill the wick i.e. till 519/518 level but very less likely to happen. {518-510} golden ratio
price below 524 then 521.70=1st tgt then 519.35-518 tgt level can be seen
528.55 above 532 level can be seen
Note: mark high & low of first candle only if it forms of 4-8 points then trade on side the trend is
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a symmetrical triangle on 45min timeframe so price can break anyside by giving a fake break then move in other direction;
529 a small support if breaks 527-526.50 tgt level can be seen
535 above 538.80 tgt level can be seen.
price if forms a big candle & breaks the pattern trendline then it can be a fake break a small candle breaking & retesting then it will sustain & anyside 0.65%-1% move can be seen
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on daily time frame the price is getting buying from low & price can try once again to test the support level if breaks then more fall can be seen
525 below 522.65-518.25 tgt level can be seen,
530.35 above 533.45-535 tgt level can be seen.
as price broke the trendline & fell below but retested it & closed just at the line & formed a descending triangle on 30mins timeframe so as per pattern price can break 525 level but on day timeframe price is strong so be cautious & let 15min candle close below it to take sell trade.
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price can continue the fall to next levels but there will a lot of hic-cups as wicks will be long & price can show fake moves so be cautious as 539.35-541.95 is Resistance zone; and 513.20-511.70 a support zone;
518.30 below 515.80-514.50 but try to go with less quantity
if price goes above 527 then 530 is immediate tgt can be seen.
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A request to all before jumping into analysis pls go to 1day timeframe & see that "DRAGON-FLY DOJI" formed & if price goes below its opening price then can come down a little [OR] if price goes above the closing price & high then a up-move can come but there's probability of price going down too & reversal it can be from half of dragonfly doji candle or from top/opening
so levels for tomorrow as per pattern as on 30min timeframe price formed inverted head & shoulders & you can see it on line chart.
for buying 527.50 above 532.95-535 tgt level can be seen
if price goes below 521 then 518.20-516.35 tgt level can be seen.
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ANALYSIS FOR SPECIAL TRADING SESSION 20-01-2024.
price is strong on smaller timeframe & moving up so it can go up further in this
1hr 45min trading session as if price needs to go up then a pull back is needed to sustain above so tomorrow i.e. 20/1/2024 if price sustains above 539.85 then buy for 542-544.15/545 tgt levels,
if price goes below 535 then 533-532 immediate level can be seen or it can even touch 530 & then reverse till 535 level.
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Price formed a doji candle on 1day timeframe so from here it can go upside/downside or stay in very narrow range as
540.75 above opens it will try to claim again 546 level and 538 below 532 &
525 can act as a support & 555 a resistance.
if price stays above 542.50 for 15min & candle closes above then 544-546=level can be seen if price sustains above it too then 548/549.20 tgt can be seen.
if price goes below 538 then fall till 535.15-532.20 tgt levels can be seen.
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A Full Red candle formed & reversed from support & closed at a immediate support level 525 on daily time frame so price can come down a little to 518 level & reverse to form a "W" pattern & 509 can act as a support if breaks then fall till 500 & 540 a resistance but price is not that strong to form a full green candle a pause candle to small green candle or red candle with a little body/doji can form.
518 below 3-4 points and 530 above 3.55-5.45 points tgt can be seen.
if first candle forms red & breaks 518 then 515-511.45 tgt level or if price reverses then buying till previous day close can be seen.
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price on 1day timeframe forming right shoulder of inverted head & shoulder pattern & if you check price is trading in between 50 points from 27 dec 2023 to 24 jan 2024.
On smaller timeframe price formed a "W" pattern can check on 30mins,but if price doesn't respect the level then can fall to 24/1/2024 low or 509 level
so for tomorrow if price closes above 531 then 535 will be immediate target & if sustains above it too then 540-545.15 level can be seen.
if price goes below 523 then 520-519.40 level can be seen & if goes below it too then can fall for another 6-8 points.
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price shown a very aggressive buying in last 1hr 30 mins breaking a range on daily timeframe so if price breaks high can go up & i guess a 1.5-2.4% move is still pending & it can be till 572 or if sustains then 580 level opens but for selling we can do only on a 15min negative candle formation be it shooting star/doji/full body red candle at top on next candle we trade for sell with previous candle high as sl.as level wont work as the price at 52week high & 560 below only weak scenario and 570 can touch price once.so work according to risk reward & trade with less qty.
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Price moved as per % discussed but 580 level not reached but there's probability of reaching it, so for 30-1-2024 if price goes below 570 then 568.50-567.35=1st tgt then 562.80 next if price shows weakness, for buying wait for price to sustain above 580 on15 min timeframe & price can go to 585 but there are hurdles at top be cautious when trading for upside.
if price goes up a little to 580/581.70 & takes rejection & falls from there then there's high chance of price falling for 1%-1.8% move& that can be till 563.
or price can stay in a range become sideways forming spinning/doji candle's.
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price formed a inverted hammer & if tomorrow 31-1-2024 if price goes above previous day candle open price then can go up but i guess price will come down a little to near 562.80 for retest & high oi buildup at 570-565-560 levels it can change in a second.so if price goes below 567.35 then 562.80 is tgt book here & if price comes fast & reverses from 562.80/563.45 then can buy for 3 points & price can sustain in a range, for proper buying let price sustain above 576.15 for 580-585 tgt level or more.
3 scenarios possibility a negative scenario & price fall
a sideways scenario & 7 points range bound
a up move to test 585 or 587 level,=less likely. so be cautious
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Before jumping into analysis just wanted to share a little info as what ever the result may be we just need to focus on chart pattern & structure as most news/results are stale & market reacted to it earlier so don't jump in with conclusions & trust the process & learn.
so for tomorrow price is a little weak & can fall till 540 as high oi present & 580 a resistance as high oi & resistance but 545 is the SR FLIP ZONE where resistance becomes support so be cautious & 557 below 550-547.80 tgt or 545 level & book here & wait if breaks it too then let it go,as move came today so tomorrow price can stay sideways or range bound & for buying 563 above 566-568 tgt level can be seen & it can be quick. move likely after 10:30am-11:30am.
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price formed a hammer type candle on 1day timeframe so there's 2 possibilities of price if open below the close of 1-2-2024 then can come down to fill the wick
if price opens & crosses the opening price of 1-2-2024 then can move up till 575.
in a different situation price can stay sideways by forming doji candle & become volatile.
570 above buy for 574.35-576.10 tgt level
561 below 558.50-557.25=1st tgt point then 554 if more weakens.
as high oi present & sell on last minute of market can form a red candle but be cautious & trade on level break & 15min candle sustain only.
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price is weak & from here if it has to go up then gap up open is needed; if flat opens then sideways to negative scenario.
so 562 above 565-566.70 tgt if sustains then 568.30 next tgt level can be seen
if price goes below 554 then 3-7 points fall can be seen or till 547.
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price can go down to touch 547/546 level & test it as on day timeframe price is weak so if price goes below 552 then 547-546 tgt level can be seen & for buying wait for price to take support from bottom or low or if opens gap up at/near 558-560 then on 15min candle high low mark & trade in side price is.
flat & 560 crosses then 562 level can be seen, as there are many hurdles at top.
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price reversed if it has to go up then it has to sustain above 570 as there's a immediate hurdle of resistance & golden ratio zone on bigger timeframe too so lets price sustain above it then trade if faces rejection can sell till previous day low.
if flat open & goes down then 563 below 558.50=1st tgt then 554 next if more price weakens & that too till 12pm, & if price falls from resistance zone then a 6 point fall can be seen if price sustains above 568.50 then 570-572 1st hurdle& if sustains then 575 level can be seen upon flat opening.
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price formed a negative candle on daily timeframe but if price on 8-2-2024 opens at previous day open zone then there's chance of going up & if opens below closing price then can fall for 6-8 points.
so if price on 8-2-2024 opens flat & trades in between 566-571 then no trade zone
if price goes below 566 then 564 immediate target can be seen & if sustains below it then 561.30 tgt level can be seen too.
for buying let price sustain above 571.35 for 574.10 tgt level if sustains above then trail
Note: 555-560 a support zone & price if goes near 564 then can be volatile as previously price sustained here in this zone.
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price is getting weak & if it has to form a pattern then it has to fall a little then reverse to 570/574 then retest & go up to confirm inverted head & shoulder on day time frame on line chart.
--> if price opens flat & goes up then 566 above 15min candle closes trade for 569/570 tgt level, if sustains then another3-4 points can be seen
[578.65 a resistance]
--> if price opens flat & goes down let it sustain below 558 for 554.50/554 tgt if goes below it then 550 level can be seen [550 a support]
-->562-558.60 a zone where you need to be cautious as price in past took reversal & fall many times
--> if gap up/gap down opens then wait altleast for 30 mins then mark high low of 1st 15min candle & trade on side price is, but try to book small & if price falls fast & reverses from 554-552 level & crosses it opening candle high then trade for buying 3 points tgt or till previous day close.
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Price is positive on daily timeframe & forming a inverted head & shoulder pattern can check it on line chart.
on 15-30min time frame a double top like formation if price respects that pattern then can fall for 4-5 points if not a small pull back of 2-3 points then reversal
if price sustain above 582 then 585-590 level can be seen
LEVELS: 582 a resistance if price touches it & falls then fall till previous day close can be seen if sustains above it 585=1st tgt then 589.50
572 below sell for 570-569 immediate target & this can be fast if flat opens & can fall further till 566 level too.
high oi at 580 so price will face a hurdle & once breaks 585 level can be easily be seen after 582 level.
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Pattern of inverted head & shoulder level reached as opened at top & took rejection too so there's chance of continue the momentum on downside as price can take support of trendline at bottom on day time frame.
so 554 a support trendline & zone which price can touch once & the level changes with every passing minute so for tomorrow if price sustains above 570.30 for 15mins then 3-4 points tgt can be seen immediately as 575 is the biggest hurdle & can act as small resistance & next resistance is 578-581.80 zone.=so be cautious here, if takes rejection sell for 3-4 points
if price breaks 560 then 555-554.25==1st tgt then 550-547 next levels
562-558.60 a high volatile zone price can take support or can break & fall
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Firstly pls accept my apologies as i was unable to post analysis on 13-2-2024 as busy with other works but hoping that you all might have traded as for upside on support. so lets put analysis for tomorrow i.e. 15-2-2024.
price took a support & a little strong but when you see the price on weekly timeframe price is in a range & near 52 week high so what it can do a retest again & breakout or fall?
if price opens flat& goes below 567 then can fall till 563 for 1st tgt then 560-555 next levels
for buying let price sustain above 573 for 576 immediate tgt if sustains then another 3-4 points move can be seen.
NOTE: 581.80= A STRONG RESISTANCE & 552 A STRONG SUPPORT.
plan trades as per these levels/price points.
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price took a little pause from here two things can happen a correction/retracement or price can go up & claim 52 week high & set a new high, but as of now price is sideways so we will take trades only on particular level break & candle closing basis only, so levels are ;
576 above candle closes then buy for 579.55-581.70=1st tgt levels & then 585 level can be seen.
569 below 567.25-566= 1st tgt then 563.20 next tgt level can be seen.
if gap up/gap down then wait for 30mins then mark 15min 1st candle high & low anyside breaks take trade 2-3 points tgt & try to book as there are many hurdles at top so price can take a hit
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price is strong on monthly & weekly time frame so there's a probability of price going up to touch 593-598 level as on 2022 price reached this level so can claim this high & create a new high.
on smaller time frame price is taking a rejection from 590-589 zone so that means the sellers will try to stop price reaching 600 level & to not everyone's surprise there's high oi at 600 & it will act as resistance so what we can do on monday.
--> if price goes below 582 then can sell for 581-579 immediate tgt if sustains then 577/576 level can be seen as per the chart price took hit here many times so be cautious.
-->if price goes above 589 then 590.65-592 immediate tgt then 593-595.45 next tgt levels if sustains above it then can go for 598 level too.
--> gap up/gap down opens then wait for 30-45mins & mark high & low of 1st 15min candle then trade on side price is.
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As per smaller timeframe analysis price took rejection from 594 level but if you watch it close on 15 & 30min you'll see a rejection at top & 590-600 a strong resistance zone if breaks price can move for 2-3% in a day.
for buying let price sustain above 588.15 for 590=1st tgt then 592-593.40 next tgt.
for selling if price goes below 579.10-578.65= a imbalance zone then fall till 575-573 level can be seen.
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price hit 1st tgt of 590 but as rejection at top hit & price fell & 600 a strong resistance if breaks then 610-615 level can be seen easily.
But for tomorrow immediate resistance is 600 & 575 A support
so levels are 590 above only buy for 593.40 1st tgt then 595.10 Next tgt level,
if price goes below 586 then 583.50-582 tgt level can be seen & if sustains then 580.70-579 tgt level can be seen.

NOTE: On day time frame price trying to hit 595 hurdle, so if price takes rejection at or below this point then can sell for 3 points.
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price is going for 600 level as price will try going near it or will fall directly from previous day close for 5-6 points. if price opens below 587 i.e at 586/585 then mark 1st 15min candle high & low upon low break trade for sell side for 3-4points tgt & if high breaks then wait for 45 mins then trade on side price is as if price goes up a little till 590 then faces rejection then sell for previous day close level tgt. for buying 590 above sustain for 3 points or if price falls a little then takes support near 575 level then buy for 3 points.
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price formed a doji candle with long lower wick which formed at top there's 2 things this candle formed on day time frame says 1.moving up creating a new high 2.fall of minimum 10-15% .
if price on 23-2-2024 goes up a little & falls then can fall till 22-2-2024 candle low or 580-578 level.
if price goes up crosses 22-2-2024 high & sustains then can go up reaching new high.
600 a strong resistance 575 a support
so if price opens & gets rejection from 595 level then sell for 3-4 points
if price falls a little till previous day low takes support then buy 1st tgt is previous day close then if sustains a new tgt or 598 level can get tested.
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price given a breakout & closed above so for Monday if price opens flat & comes below 600 then price can fall for 596 level as the imbalance created here needs to get filled & if price goes up crossing 610 level & sustains then 613-616.80 level can be seen.
so plan your trades accordingly as 585 will be a support for the week & 616-620 a resistance.
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price can go up to another 10-12 points and double top like formation on smaller time frame can give price to trade in a range or breakout & once price goes below 600/598 then price can fall for 595/592 level.
so for tomorrow if price goes above 612 then buy for 615-618.45=1st tgt then 620/622.85/623.35 level can be seen if price sustains.
for selling let price close below 606 for 601.80-600 tgt level.
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price given a breakout now retest done if price has to go up & positive then it has to go up & break & sustain above 610-615 levels as these are two important hurdles at top once breaks price will not shy from touching 620 level & 600 support at bottom if breaks the price will correct or can go to imbalance zone gather buyers & move up.
600 below sell for 4-5 points but 597 a hurdle let price sustain below it or safe traders can book here.
605.25 above 608.45 tgt level can be seen if sustains then 610.50-612.65 tgt level can be seen.
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Firstly accept my apologies as i was busy with personal works so didn't able to do analysis for 29-2-2024 but before jumping in pls check the feb-24 analysis for support &resistance levels why i said the levels for week, & how price reversed from golden zone on daily timeframe & for tomorrow i.e. 1-3-2024 a new monthly candle will start & the levels may/may not work as mentioned for the last week of Feb. so levels for Friday are
610 above we can try a buying for 611.80-614.60=1st tgt levels as the hurdle if sustains then possibly 618.35 next tgt.
for selling let price close below 600 for 596.55-594 level as the imbalance created will get tested any day i might be tomorrow or in coming days.
Nota
I'M not considering today's i.e. 2-3-2024 candle/trading as the levels wont work.
so 620-621 a hurdle can say a small resistance & 585/595 support, & if gap up opens wait till 10am for price movement if down can sell or if taking support can buy, if flat open then wait for level break & in gap down same wait till 10am for price movement.
so levels are 615 below(aggressive traders) 614/613.60 below (safe traders) can try for sell for 612-610 tgt levels=flat scenario
621 above 15min candle closes & green candle for buy for 623.80-624.60/625.15 tgt level can be seen=flat scenario.
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price didn't reached the target mentioned pls accept my apologies but stayed in a range, so from here price can do a couple of things as from last swing price given a .23% retracement & from 1 march candle low to today's high you'll see price reversed from golden ratio zone & closed above so there's a probability of price moving up or sideways for accumulation then distribution by breaking levels
so levels for 5-3-2024 are as follows
if price takes rejection from 620-621.45 then can sell for 3 points or if price flat opens & sustains above 620.45 level then can buy for 624.30-625 max tgt levels
if flat opens & 15min candle closes below 613 then sell for 610 tgt.
if small gap down & opens above 613-615 then wait for 30 mins & see where price movement is then trade accordingly.
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price took rejection from max tgt level mentioned yesterday & the resistance at 620-622 is strong & if price opens flat & goes up then will try to claim the level as outside bar formed on day timeframe has different significance of moving price as it can be reversal or pause to little positive so we have to wait for particular levels to trade.
600 a support & 610 a hurdle if price goes below 610 then 604.10-600 level can be seen.
616.40 above buy for 617.80-618.80 tgt if price gets a little strong then 620 level can also get tested. or in a awry situation price can stay in a range between 618.45-608 level.
so we need to wait & trade.
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price is weak & fell & tested 600 level & support breached so there's a long correction pending near 585 level which eventually is a support so price can go & claim those level & im hoping very early that price may form a head & shoulder pattern on 1day timeframe & reverse & then fall=NOTE: This is just a view & i may be 100% wrong. Tomorrow is last day of week as Friday is holiday, so they'll try to touch 590 level for once.
595 below 592-590 tgt if trades below trail sl as 585 level can be tested & sharp reversal can be seen or can book by 586 level.
for buying let price sustain above 602 for breakout confirmation for 606-608/610.45 tgt levels.
plan your trades accordingly, won't be surprised if price reverses from immediate level & retest 600/602 level.
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A couple of things can happen & support resistance won't work why? lets find out
1.parallel channel, 2.left shoulder & head formed ( can form right shoulder) 3.higher high higher low pattern 4.price tested golden ratio zone on weekly 5.candle pattern says a red candle to doji formation
so with these many scenarios what to expect? so lets follow simple price action & mark levels & trade as per it.
585 still a support but 590 will be a tough hurdle before it above 622-625 resistance
for Monday i.e. 11/3/2024 if price closes below 600-a 15 min candle & small candle then 597 tgt if sustain then 595.60-593.70 can also be seen, if big candle red forms & crosses 600 then price can reverse from that big candles half.
for buying small tgt let price closes above 605 for 607-607.55tgt then 608.70-610.45 tgt can be seen.
flat opens & goes up straight wait for 30mins & take trade as per price pattern
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Firstly pls accept my apologies as i was unable to post analysis as i'm not well, but now feeling a bit better so lets get with the analysis now.
As stated on 9-3-2024 about head & shoulder pattern it formed & now the support level gets shift as there's couple of things price can do is 1.stay in a range accumulate then move,2.To become a little negative, 3.a small reversal then range bound & price action formation for move(anyside)
levels are; 583 below 580-579.10tgt if sustains then 575level can be seen 570 support at bottom.& on contrary if price falls till 581/580.20 then takes support & moves up 585 crosses then a buying scenario can be seen but on a pull back/retracement
for buying let price sustain above 592 for 595.75-601 tgt= but price can be tricky & can give false move(wick formation on 5&15min candles)so be cautious.
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price reached the bottom of head & shoulder pattern & i haven't mentioned about bottom support as i was expecting price to come down slow but never expected this fast so from here it can reverse or stay in a range but the retest of breakout level is still pending & sell off in midcap & small cap can continue as it was too much inflated & some day it needed to cool off, won't be surprised if price reverses tomorrow. Bottom immediate support at 540 & if breaks then 520 is next strong support. price can open a little negative until unless foreign pressure so levels are
555 below 551.95-550.70 tgt can be seen if sustains then another 5-8points can be seen.
570 above 575-580 tgt can be seen=flat open case, if small negative opening wait for price to take support & buy on support candle 3-4 points.
safe traders can avoid a day & let price do whatever it needs to & we trade on next day or next week.
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price closed today i.e.14/3/2024 exactly on golden ratio zone,& at this close extreme resistance 585lies which was earlier a support & if small candle forms & sustains then 590 will be next hurdle, & price can still go low, & accumulate in between 585-525 level then breakout.(this is just a view & can be wrong 100%)
so levels for tomorrow are 576 below 572-571.50 tgt if sustains then 565 is next tgt,
if flat opens takes rejection from 585 level by forming a red candle on 15min timeframe then mark its high & low & trade on side next candle breaks for 50% of value of 1st candle as tgt.
588.30 above candle closes 591.30-595 tgt=gap up scenario;
avoid buying on flat scenario be price goes up ,just wait & watch.
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price positive on day time frame but the matter of fear is weekly & monthly candle formation, i.e. pin bar candle & at resistance & psychological round level, so if price opens below previous close or goes below it then can fall for 5-8 points & in coming days can fill the wick of the candle but there's other scenario of price retracing a little after moving up to 10-12 points then range bound then break any side.
levels for Monday;
596 below 593-590=1st tgt area if sustains 585 level can also get tested=flat case
For buying let price sustain above 510 as 508-509.80 a hurdle zone & price rejection is extreme so once price sustains above it then can buy for another 3-4 points, & if price opens gap up near& below 510 & takes rejection &1st 15min candle closes below closing price of Friday then mark candle high & low & trade on low break for 3points 1st tgt if sustains then trail. & if takes support near 590/595 then can buy for 50% of value from top/high.
615 a possibly resistance for Monday 575 a support.
weekly: 550 support & 620 a resistance
""pin bar candle significance: when next candle forms & doesn't break pin bar candle high & takes rejection & falls below pin bar candle closing then price can fall to half of the pin bar candle & in coming days can fill the wick"".
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Firstly accept my apologies as i haven't discussed gap down scenario even though levels are given but price stayed in 1st 15min candle range so 575 support for 19/3/2024 & 615 a resistance.
high risky traders can try a buy at 587 level break for 590-592 tgt level.
582 below sell for 580-577.15 tgt level can be seen
safe traders can wait for candle to close 583.20 below or close above-592 tgt will be 2-4 points, if price trades in between 592-583 avoid as price can be choppy
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price formed a doji spinning type candle on day timeframe {NOTE: if we sit to differentiate between doji & spinning it will take time & no conclusion will be found so accept it as you like}.significance of candle is indecisiveness from here price can stay side ways range bound then accumulate then move as price didn't sustained below 575 & 11:30-11:45 candle is impulse qty removal & addition, nothing else.
price touched 50% of pin bar candle & can come down 550 weekly support is intact.
daily support shifted to 565 & 600 a resistance for 20/3/2024
LEVELS: Firstly mark a rectangular zone from 583.10-581.80 as this is S/R ZONE.
584.55 above 588.30/588.60 tgt can be seen if sustains then 589.80-591.65 tgt
575 below 15min candle closes sell for 570 tgt or if price takes rejection from 584.55 then crosses 580 then mark candle high & low upon low break sell for 3-4 points.
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565 still a support & 600 a resistance & mark a rectangular zone from price 581.80-583.10.
For buying let price sustain above 585 as on immediate level price have hurdles so 585 above 587 tgt if sustains then 588.90-590 tgt level can be seen.
574 below candle closes then 572-571.50 tgt immediately can be seen & 567 next tgt level if price weakens.
if price flat opens & takes rejection from 583.10 level or rectangular zone then can sell for 3-4 points tgt, but if first candle is big on 15min then avoid sell & mark high & low of that candle then trade on level break.
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price can do a couple of things from here as per pattern on day time frame.
price reversal to test 570 level [ii] price continuation upside [iii] sideways
so if tomorrow i.e. 22/3/2024 price goes below 584 then a double top like formation on 15min timeframe will confirm & price can fall till 580 level, if sustains then another 2-4 points more fall can be seen.
price if breaks & sustains above 590 then 593.35=1st tgt then 596.60 tgt level can be seen.
596-601.30 a hurdle at top so when buying be cautious as price can form rejection wicks which can hamper or hit our sl[trailing].
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price formed a doji candle on day chart so safe traders can take entry upon doji high & low break, but 606-608=resistance & 565 a support, + there's a trendline on top on 30min timeframe & 3pointer touch fulfilled, so possibly a break or fake break can be expected.
levels are 595 above a proper green body candle with lower wick forms on 15min then can buy for 597.55-599.05/600tgt level
586.50 below sell for 585-584 tgt levels=for risky traders only safe traders avoid selling at this point as many hurdles & support at bottom & can sell only if price takes rejection from top & below 598 level for 3-4 points.
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Price touched 600 level & took rejection as it's a psychological round level +52 week high so it's obvious that price to face a rejection but the closing & after market order block is different 593 & 595.05 so price will get averaged at last 30mins but the rejection level was exact at that point & 606-608 still a resistance & 565 a support the volume bars towards the end shows more weakness so, 598.50 above 600 tgt can be seen & there's probability that price can go a little up & price can form a "M" on line chart =day timeframe [or] can continue upside move forming a "N" type pattern= day timeframe.
safe traders can wait till 600 break & sustain for another 2/3 points but if price takes rejection from 603/602.45 level then it will fall till 598 level.
flat & goes down 592 below 590-589.70/589-588.10 tgt can be seen if more weakens then 585 level can also get tested.
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Price went up to touch 610 level, as discussed 606-608 rejection worked as on 15min there's a wick & rejection on top & price fell by forming a inverted hammer type candle on day timeframe, so for tomorrow i.e. 28/3/2024 the last day of the month
price have hurdle at 615 level but before that 612 is hurdle, but there's very less chance of price going up to fill the wick of 26/3/2024 candle. so 600 below price trades for 30mins then trade on fall for 3 points. if price falls a little to 597 level [or] 600 level then reverses [or] takes support then buy for 4-6 points tgt.
flat 607.50 above goes 610-612 tgt if 612 breaks & sustains then 615 next tgt.
590 a support at bottom 615 resistance at top.
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A new month gonna start & we will discuss all scenario's.
monthly= a dragon fly doji candle formed [so next candle can fill the wick]
weekly= a body candle with small wick's [indication of 2 moves if line chart plotted 1.freely moving up for "N" formation. 2. can go a little up then fall by forming "M" Pattern]
daily= a body with doji like price & rejection from top & closing below it.
so 601 a support on hourly for Monday & 625 a Resistance but 619-621.50 a hurdle at top.
610 below 15min candle closes then price can touch 607.45-605.60/604.80 tgt
{there's a small support at 605-604.45 level if price takes support then can touch 612, if breaks then 601-602.65 level will be seen}
616 above price trades for 30mins[on 5min candles] then 619=1st tgt immediately then 620-621.50 next tgt level if sustains then 625-627.45/628.20 tgt can be seen.
600=a round psychological level if breaks then 585 is next stop
625-628 = resistance & a strong one price can face difficulty once breaks then 630 will be easily seen.
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Price formed a DOJI candle on day chart, this signifies a in decisiveness amongst buyers & sellers so here price can take a hit to correct or can continue sideways range bound or can move up, all 3 scenarios possible so we will trade with a little cautiousness & levels for 2/4/2024 are
620 below 2-3 points tgt can be seen & there's a possibility of price touching 616 level too.
if price sustains above 626.80 then 628.25-629/630.35 tgt level can be seen,
if price opens flat & touches previous day high then falls down then can sell on 2nd 15min candle upon low break for 3 points tgt.

Doing this initial analysis upon post market time, if price differentiates pls don't panic i will put updates under comments section. Hope that you all will love it, so don't forget to hit like & follow.
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Price is strong & can move up to touch 650 level but before that 640 a strong hurdle & 645 next so tomorrow i.e. 3/4/2024 if price goes above 638.60 then price can touch 640.30-642.45 level;
if anytime price crosses 630 then 628.35-626.35 level tgt can be seen on sell & if price takes rejection from 640 level & falls below 635 then 630 level to 632 level can get tested,
650 level may not touch tomorrow but if price sustains above 645 then 650-654.20 level can get tested in a day/two
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Price formed a spinning doji type candle with wicks at top & bottom; significance is in-decisiveness where buyers & sellers are not able to take price up/down & closed in a range, when formed at top & green color it may be a sign of reversal or price trading in a range as from past 25 days market has given 16% move so, it will wait accumulate remove weak hands then move up.
so levels for tomorrow i.e. 4/4/2024 is 640.30 above candle of 15min sustains or closes then only buy for 641.90/642.45-643.75=1st tgt if sustains then can even touch 645 level too, or if opens flat & takes rejection from 640.30-642 level & comes below 639.10 then sell for 3 points.
for selling on flat open scenario 633 below 632-630 tgt or even price can come down to 628.35-626.35 level to test.
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price came down & took rejection from 640 level & retracement of 0.23% level done so there's a possibility of price going a little down to test golden zone. so levels for tomorrow i.e. 5/4/2024 are 623.85-621.15 a support zone(weak) as at this point price can fall & reverse back so be cautious & we sell only below 620 if price sustains & closes below it for 616.15 tgt level if price more weakens then it may even touch 614 level too.
for buying let price sustain above 628.35 then 631.25-633 tgt level can be seen
if gap up/gap down opens wait for 1hr then trade on side price is but keep less targets & if near the above mentioned zone's then trade as per tgt levels.
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A Inverted Hammer/ A shooting star type candle formed on weekly timeframe & at top; significance is price can reverse or can continue upside.
A Doji candle on day chart shows in-decisiveness & price can stay in a range.
hourly basis price in a range & can break any side so, 633.65 above bullish for 640/642.30 tgt level; 623.50 below 620-618/616.60 tgt if weakens.
"646.55 a resistance for the week & 601 a support for the week"
for Monday i.e. 8/4/2024 if price sustains & closes above 632.15 then 634.10-636.45 tgt level can be seen;
if price goes below 625 then 3-4 points tgt can be seen, when a doji candle forms usually the tgt can be size of wick but we are taking trades at certain point where tgt will be small & risks too.
if gap up/gap down opens then wait for 30 mins then mark high & low & trade on side price & 613 will be support for monday & 638-640 a resistance.
"Trade well"..
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Price formed a spinning candle on day chart & stayed in a range so just mark today's i.e. 8/4/2024 high & low and tomorrow i.e. 9/4/2024 if anyside price breaks then trade, "as 640 still a resistance & 612.65 a support".
so if flat opens & crosses 626 then trade but there's a trendline at bottom on 15 & 30 min timeframe chart, so if trendline breaks then 625-624.10/623.45 tgt level can be seen. if price reverses from 626 level or 625 level then upon opening price high break(a proper green candle with no/low wick at top) then can look for buying 2-3 points tgt, if price goes above it then trail as per risk reward.
a doji on Friday & spinning candle todays says price might trade in a range= remember "ACCUMULATION" tag analysis on apr-3. so be cautious mark level then trade.
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Price formed green candle on day timeframe but on line chart you'll see a chart pattern forming & i.e. flag & pole but there's chance of fake break any side. There's a trendline too at top so let price sustain above it for any buying, but on30 min & 15min the price is in a range from 621.80-633(you won't find any candle closes above /below these points) 635.80= a resistance & 616= a support. so 629.15 above(trendline above candle closes) then buy for 632-633.40/634.10 tgt can be seen. if flat open &15min candle closes below 623 then 621.40-618.60 tgt can be seen.
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Price fell from top taking rejection from trendline, & a big red candle formed & support breached & next level of immediate support will be at 603 if breaks then 594.60-595.80 is next strong support level & Resistance at 630(trendline top)
weekly:- 640.80 a Resistance ; 592 a Support;
for Monday i.e. 15-4-2024 if price opens flat then wait for 613 to break & 15min candle sustain for 616.20/40-618.20 tgt levels. Safe traders can wait till 616.45 level break for 618.40-620 tgt level,(if price opens gap up or gap down then mark 1st 15min candle high & low & wait for 30mins then trade as per levels or if price inside the 1st candle the avoid)
if flat open & goes below 605 then 602.50-601 tgt can be seen.(if gap down opens at/near 605 level then wait if price taking support then buy) or if breaking & sustaining/closing a candle below 605/604/603.80 then sell for 601-599.85 tgt level if sustains then 596 next tgt level can be seen.
price can reverse as FIB. Golden zone tested & price reversed & as per length price is exactly at half of pole & flag so if price want to continue the pattern then it has to sustain & slowly move up on Monday or else it will go down by forming another red candle.
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Those who waited for 30mins & marked 1st 15min candle high/low may have got good trade, but 592= a support still intact & if breaks then 582 is next strong support, trendline resistance at 625, price fell due to global pressure & flag & pole pattern failed which i've discussed earlier as the flag is more than 50% of value of pole & gaps of march filled or can say gap order blocks pending filled & price tested &reversed from golden ratio zone, so for tomorrow i.e. 16/4/2024 625a resistance & 601 support(as per order block & oi) but strong hurdle at 600-599.80.
so if price crosses 610 then 611.90-614.80 tgt can be seen;
if price goes below 604 then 601tgt level can be tested if reverse from here then can buy for 3 points or if breaks 600 level wait till price to close below 598.25/598 then another 3-4points fall can be seen(less likely)
the candle formed on day time frame says there's a possibility of reversal as it was from at golden ratio zone & at imp support level, but very less chance of other 2 scenario's of price fall & side ways is also possible, so better be prepared for all scenarios & trade accordingly.
if gap up/gap down scenario then wait for 30mins & mark 1st 15min candle high & low then trade accordingly to price movement or as per levels (if got).
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Price is positive & can go up to claim 630-635 level but before that there's a trendline resistance at top near 624 level so once price sustains above then above given levels will act as proper resistance. so for 18/4/2024 if price goes above 624.20 then buy for 630.40 tgt level & if sustains then 634.20 tgt level can also be seen, if price goes up a little after flat opening & takes rejection from 628.50-627.40 then wait for it to break 624/623.80 for sell & target will be 3-4 points or till 619.35/618.50 tgt level.
if flat open and crosses 615 level or 613.25 level then sell for 611.50-608.60 tgt, if more weakens then 605.60 tgt level can be seen.
601-602.45 a support and 630 a immediate resistance if sustains then 634.20 is next strong resistance.
if gap up or gap down scenario wait for 30mins & mark 1st 15min candle high & low & trade on side price breaks.
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Price opened gap up due to news & if you've observed 1st 15min candle took rejection from 634 level even tough 637 high(pre market move)came, so 634 is still a resistance for tomorrow & 607.60-605=a support zone.
if price opens flat & crosses 612 level then 608.25immediat tgt, if sustains below it then 605.55 next tgt level.
for buying let price sustain above trendline i.e. above 623 a 15min candle closes then buy for 627.40-629.55 tgt( if price opens flat falls a little till 610 level then reverses then buy at support for 3-4 points tgt or till previous day close level or till 618-620 level) if price comes from down then may respect the trendline at top & can take rejection.
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==>Price on weekly timeframe formed a inverted hammer candle as price took rejection from 52week high near 637 level; so weekly resistance zone at 637-640 level & 593.40 a support.
==>On Day chart price formed a Hammer candle of red color & took support of 601, so if we combine the scenario price formed a big red candle then a hammer if price has to go up then it has to open & sustain above 613 level on Monday.
==>For Monday 601 a intraday support & 640 a resistance.(if support breaks then a sharp fall of 5-7 points can be seen) if price opens flat goes up then 613 above 615.05-617.55 tgt can be seen if sustains then 618.40 is next tgt if sustains then 620-621.45tgt level can be seen, but there's another scenario if price takes rejection from 619.70-617.55 level then sell for 4-5 points as there's a rejection trendline at top & price can once show a fake break then fall & consolidate.
if flat open & goes below then 605.30 then sell for 3-4 points tgt & try to book when price is near 601 level as price can show sharp pull back & if doesn't happen anything like this then wait for price to close/trade below{ proper red candle} 600/598 for another 4 points tgt.
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Price opened gap up & stayed inside the 1st 15min candle.
so 615-620 a No Trade Zone.
621 above any 15min candle closes then buy for 623.60-626 tgt level, if goes up further then trail as per risk reward.
615 below sell for 614-613 immediate tgt & price can go sharp & form a wick and reverse or can continue fall till 611.60/611 level.
on contrary if price takes rejection from 622/625 level & falls down then can sell for 3 points.
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price is strong on day chart & on weekly chart too, but price reached the resistance level & can once come down/retrace till 630/631 level to fill the order block{hourly basis} & then move up.
so 639 above 15min candle sustains & closes then buy for 641.60 & once this hurdle breaks then 643-645.65 tgt level can be seen==> flat scenario
if opens flat & crosses 634 then 3-4 points fall can be seen; if price takes any rejection from 639/640.65 level or from 641.60 then upon 639 cross sell for 3-4 points tgt,
if gap up/gap down opens then wait for 45mins & mark 1st 15min candle high/low then trade on side price is but 2-3 points move then trail cost-to-cost or book 90% qty & leave 10% to ctc then trail.
next Resistance at 647.45 level.
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Price formed a hammer type candle on day chart & on weekly very strong body candle which indicates price can go up to touch a new high but before jumping in let's not forget that 647.30 a hurdle which i guess price should respect or if opens at or near/above 647.30 then 655-658.40 tgt level can be seen.
so 646.80 above or 647.30 above let a 15min candle sustain & close for buying till 650-652.45tgt if achieved then 655.30-656.80/657.90 tgt can be seen or price can even touch 660.
for selling if flat opens & 641.10 below price trades on 15min time frame then sell for 636.80-635.90 tgt level if goes down further then another 3-4 points can be seen.
if opens near 647-650 zone i will wait for a retracement/pull back then trade on side price trades & that too after 30-45mins.
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Price took rejection from top & touched a new high but retest done so we need sit back let price decide the move as price at rejection level so 644 above 646.30 immediate tgt if sustains then 647.45/649/650.20 tgt can be seen.
if price goes below 635 then sell for 631.20-630.50 tgt or 629.30.
629.20 a immediate hurdle of support once it breaks then price can fall sharply till 623.75-622.20 level.
if gap up or gap down then wait for 30mins & mark 1st 15min candle high & low then trade on side price is, if price is above high of 1st 15,min candle & above 3min range then another 2-4 points up move is expected, if price is breaking low then wait if it is at lower levels or just above it then on support can buy for 3 points tgt as im not seeing price to go below 621 level.
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-->Price filled the 25/4/2024 candle wick at bottom & formed a red candle(body)
-->on weekly price is took rejection from top & fell,
--> on monthly price falling down but once it breaks 622 then negative scenario & doji may form.
[605.90-610= support zone & 660 resistance(weekly)]
on 4hr & 2hr you can see price is about to form "w" pattern & it will fail upon 629 level break. on smaller 5/10/15min "M" pattern formed=(less significance).
for 29/4/2024 if price opens flat & crosses 629 then 626-625.20immediate tgt can be seen & if sustains then next support at 623.45-622 level.
635.20 above sustains then buy for 639.30-641.20tgt & this could come very fast.
if gap up/gap down opens then wait for atleast 30-40mins & mark 1st 15min candle high & low check above given levels & trade on side price is.
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price is forming lower low & lower high & price can go down to touch 621.55 level but before that 624-625.10= a support hurdle which will try once to stop price or retracement can be seen, 634.15-635.15= a resistance as price respecting the trendline at top.
so flat opens 627.15 below sell for 626-623.85 tgt if more weakens then trail but try to book once at 621.55 level or if first 15min candle forms negative & red candle big of 5-8 points then mark its high/low & half(0.5-0.6) & price can come up from bottom slowly till halfway mark.
for buying let price sustain & close above 631.15 for 632.75-634.15/635.15 tgt can be seen, if price takes rejection from 635 level before 12/12:30pm then can sell on rejection candle for 2-3.5 points tgt.
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price is negative on daily & hourly basis & may go down further to fill the pending order block at 613 level. so 617 below 616.25-614.75 tgt level can be seen, if sustains then 613 level can be seen. For buying let price sustains above 624 for 2-3 points.
632-636.75 a resistance but trendline at 630 level at top can act as resistance, 610 is support.
if price falls a little till 614/613 level then reverses then on next candle after support can initiate a buy for 2-3points.
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price touched golden ratio zone on day timeframe if you plot fib from 25/4/2024 so we need to wait & see what price is doing as still price respected the channel but tried breaking it on both sides but closed inside so we take it as excessive price so for tomorrow if flat opens & crosses 623 then 621.45-621 immediate tgt can be seen if weakens then 619 next tgt level(601 support for tomorrow&640 a resistance)
if price falls a little till 623/624 level then crosses 626.50 then buy for 629.30-630/631 tgt level, if flat & goes up 630 above 3-4 points tgt can be seen, if price reverses from 635 level then 3-4.20 points tgt can be seen.
if gap up/gap down opens then wait for 30mins & trade on side price is after marking 1st 15min candle high & low & if price trades inside 1st 15min candle till 12/12:30 then avoid as FRIDAY there's high possibility of getting fried(sl hit's)
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in.tradingview.com/chart/Ki8pmBUN/
firstly draw the channel on your trading screen or mark levels.
on monthly candle is now forming so lets not get into it, weekly price is negative but buyers pushed up price so we can expect a similar candle to a very little positive candle on weekly, On day chart price is negative & closed inside the parallel channel after giving fake breakout, so for MONDAY i.e. 6/5/2024 if price opens flat & goes below 615 then sell for channel low or for 5 points first then trail as per risk reward & there's possibility of price reversal from mid point so don't forget that & sell only on red candle 15min closing below 614/613 for safe side.
624 is channel high so price taking rejection from there sell for 620-618.20 tgt level.
if flat opens goes up sustains above 625.80 then only buy but if this level comes in 1st 15min candle then wait mark the candle high& low then trade on next candle breaks any side if stays inside of 1st candle then avoid till 12pm & small tgt of 3-4 points.
601 support 640 resistance [ channel high-624, low-605.50, mid-614]
Note: channel levels will change with every passing minute so accurate levels may not meet so, try to book or trade before the points.
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Price is negative on day chart & price went down breached support but no candle closed below 601 on 15min time frame but on 1hour basis price touched golden ratio zone & fell a little, so price will be weak if flat open 606 below 15min candle closes then sell for 601.80-600.50 tgt level, if price sustains below 598 then another 3-2.45 points fall till 595 level can be seen, for buying let price take support near 600-601 level forming green hammer candle or body candle but not on doji for 3 points tgt or till previous day closing candle low on 15min timeframe.
if price opens flat & goes up till 614.45 then forms a red candle & falls then can sell for 3-5 points fall or if price sustains above 615 then buy for 619 level but only on 15min time frame 1st candle should form but below 614.25 level & next candle to break it high then trade for upside if next candle forms red then avoid.
ig gap up or gap down opens then wait for 45mins mark 1st 15min candle high/low then trade on side price is but for only 3 points then trail as per risk reward.
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On Day chart Price formed a "inverted hammer" at support but if you see todays high & 19-apr low(hammer at support & price reversal) the points were same so 588-600==>a No Trade Zone. if flat opens 601 crosses on 15min time frame with a green candle then we can see 604-606 tgt levels, if flat opens & crosses 588 then fall till 584-581 tgt level can be seen.
NOTE: Significance of Inverted Hammer at support?
marks reversal if candle is green & formed at support but next day candle has to open above the closing price or just a little above it to mark reversal & that candle to fill the inverted hammer candle wick then only we mark it as reversal or in a different scenario small green candle forms till half of inverted hammer then it too marks reversal, if next day a candle opens near mid of inverted hammer candle open to close value then comes down crosses low then that means price continuation & fall will continue further.
if gap up or gap down opens wait for 30 mins marks 1st 15min candle high & low then trade on side price is but if near 601/604 level a red candle forms then can sell for 2-4 points if price at low near 588-585 level support candle forms then buy for 3-4points.
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Price is negative & inverted hammer failed as price opened & started falling from there it self & support breached as index support & fii's selling pressure & a gap down opening is expected so our next support is at 550 but before that 566-560 will act as a immediate support zone, so if tomorrow i.e. 10/5/2024 price opens small gap down at 570 then wait & if gap down opens 1st 15min candle is red then mark its high & low then trade on side the next candle goes.
flat opens 570 below 15min candle closes 566=1st tgt if sustains then 560 next tgt, then trail if more weakens, for buying let price take support from bottom & leave for a day don't buy & if candle closes green on day time frame [ reversal after a fall or gap down open then fall a little then reverse just watch it & let it go we will buy on next day]
if gap up opens(less likely) then sell on rise scenario & price takes rejection from 579/580 level & red candle forms like shooting star or doji then sell for 4-points, then trail if falls further.
Note: Tomorrow if price takes support & goes up then don't buy just let it go up for a day &let it form a pattern on day & weekly time frame we will trade on next day.
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price formed a green candle on Friday & it went on to touch golden ratio zone of previous day red candle but "weekly time frame price is weak & support at 547-550 zone & 613 a resistance" on daily time frame for Monday 601 a resistance & 560 support, if price has to go up then it has to do it on immediate level after opening flat or can fall a little till 576.50 then reverse & price going up slowly to reach 582-586 level.
so if flat open goes up let it cross 585 then buy for 588.20=590 tgt level but remember if price reverses from 585/586/587 then wait for next rejection candle to form below then 1st rejection candle then trade on downside for 3 points & if price is strong & forms a green body candle with small wick at top & small wick at bottom closing above 585.50 then 588-590 tgt touch is possible.
flat opens 579 below 15min candle closes then 576.55-574.10/572 level can be seen or on contra if price takes support from 570 crosses Thursday i.e. 9/5/2024 closing on 15 min timeframe then price can go up.
if price opens gap up or gap down if gap down at or near 576 then wait for 1st 15min candle to from if it is green then can buy if price is at 578 if price goes till 580 then wait for another candle to form then trade as per flat scenario but keep tgt small. if gap up opens then if price takes rejection 585 then sell if not then wait for another 30 mins &mark 1st 15min candle high & low then trade on side price is keep small tgts.
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price formed a long legged doji or can say hammer type candle on day chart as price fell then buyers took it up so 601.45 a resistance & 566.60 a support.
if flat opens tomorrow then crosses 582.50 then sell for 578.70-576.50 tgt level
if flat goes up crosses 592 then 597.25-599.10/600/601 level can be seen.
if price opens flat goes up al little till 597.45/598/599.45/600 then takes rejection on 15 min candle basis a fall till 595 can be seen.
if gap up or gap down opens then wait for 30mins mark 1st 15min candle high & low then trade on side price goes but keep small tgts & trail as per risk reward or can check hourly candle then trade on it's 50% test & reversal basis.
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Price went up & our weekly resistance breached so accept my apologies as somewhere our analysis was not upto the mark so now resistance shifts to 660 level & 550 a support. & price reached fib. golden ratio zone from the top fall to support so im expecting a pull back then continue momentum upside so for tomorrow i.e. 15/5/2024 if price goes above 615 level on 15min time frame then can go up till 619.45 tgt level or 620 tgt level & if price sustains above it then another 623.75-626.10 tgt level.
if price opens flat goes up a little till 614-619.45 & takes a rejection then can fall till 606.55 level [But if this comes in 1st 15min candle as price takes rejection from top level then mark it's high & low then 608.50 below 3 points fall can be seen immediately if goes below then can trail,
if flat opens & goes below 605.75 then sell ( proper red candle no doji on 15min) & price can again go to test 601/600 level.
if gap up or gap down opens then mark 1st 15min candle high then let another 15min candle form then trade on side price is if price taking rejection from top sell trade or if already pull back seen & price slowly moving up then buy trade.
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price formed a inverted hammer on day timeframe & from here a couple of things price can do (i) REVERSAL (ii) CONTINUATION (iii) SIDEWAYS[CONSOL-ACCUM-BREAK]
SO [615.35==610 NO TRADE ZONE]
flat 610 below 15min candle closes 606 level can be seen [there's possibility of sharp price reversal or a sharp & fast fall]
if price opens flat falls a little till 611/612 level then reverses then on 15min support candle can buy till previous day 3pm candle level.
if flat opens crosses 615.45 then wait & check if price is sustaining or not then buy for 618.35-619.95 tgt level if sustains & goes up further then trail as per risk reward.
if gap up/gap down opens then mark 1st 15min candle high & low wait for 30mins[after market opens] then trade on side price is but keep small targets.
tomorrow can be volatile or can show a breakout on either side depends on cement sector..
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Analysis for Saturday special trading session 640 a resistance 610 support;
623 above a 15min candle closes then 625.50-626.30 tgt can be seen if sustains then 628 level can get tested too
618.60 below or 618 below proper 15min candle closes sell for 3-4 points as price can come down fast & if opens flat goes up then price can once take a rejection from 625/626 level but this is very less likely if price opens at or near 622/623 level then price spike or wick at top can be seen or price can fall from there directly & below 17/5/2024 closing price we sell if sustains or if price takes support near & reverses then buy for 3 points tgt.
better to avoid gap up or gap down as market will open for 1hr 45mins so not much we can expect as there will be price fluctuations so better to avoid & safe traders can just watch screen & avoid trading.
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Price is positive [Leave Saturday special trading session]
650-660 a resistance & 600 a support
price on Tuesday if opens flat & crosses 622(15min candle closing) buy for 624 tgt if sustains then 626.25-629.45/630 tgt level can be seen. if flat opens price takes rejection from 622/623.45 level then price can fall to 618/617.45 level so here can take a sell trade.
flat 1st candle red & breaks 617 & closes below it then next candle can touch 614 level then to 612. but if next candle forms green==> 5min timeframe then wait for another candle to form then mark 15min candle high & low then trade on side price goes.
if gap up or gap down opens then mark 15min 1st candle high & low then trade on side price goes.
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Firstly accept my apologies as I was unable to analyse as I’m in village & not getting enough time for analysis but will try my best to do analysis so here’s the level for Tuesday 28/5/2024 price will face a hurdle of support at 626.60 but strong support at 621 level & on 30 mins there’s a trend line at bottom mark it once it breaches price will fall but there’s possibility of spike/wick at bottom so sell below 627 for 625-623.25 tgt level. For buying let price sustain above 634.55 for 637 tgt level if price takes support from trend line or 626 then can move to 640 too or if 626 breaks then fall till 621 can be seen, gap up or gap down opens mark 1st 15min candle then wait for another 15 mins then trade on side price if high breaks buy for 2points then trail if takes rejection then sell trade till 1st candle 50% level.
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Hello everyone, Firstly wanna apologize for not able to give regular analysis but now i will update analysis everyday, so here's the analysis for Tomorrow price on weekly a bit tricky as a retest is needed & upside 700 is a psychological round level where oi is high so they'll try to push price down, as on day chart past 2 trading days price formed red candle even tough the high's are shifting but the volume is high & shorts are building so there's a possibility of price fall or retest till 654 level.
for tomorrow if gap up opens then wait for 30mins if price near previous day close then on support buy or if breaks & goes below 670/668/665 then price fall of another 4 points can be seen.
if gap down opens then we have to wait as price can go sharp down & will form a wick & can reverse so we trade after 1hr as per price action & move.
if flat opens(less likely) then upon 670 level break 15min candle basis sell for 4 points then if goes down further trail as per risk reward, if flat opens first 15min candle is red comes down a little till 668/666 level then reverses then let it sustain above opening price for any buying but it will be for 3 points then if goes up further then trail..
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Price is weak &oi at 700will push price down as mentioned earlier so a retest &then upmove is expected & price forming 1st candle red then staying completely sideways so as per that 668 level can get tested so if gap up or gap down opens wait for 30mins mark 1st 15min candle high &low then trade on side price goes but keep small tgts. If flat opens 670 below 668 immediate tgt then if goes below 665-663 level can be seen. If flat opens 15min candle closes above 678 then 681.60-683.10 can be seen if more buying comes then they’ll try to claim 687/688 level too. If price falls till 668 in 1st 15min or a little till 665 in next candle then wait for a pattern or candle to form where a small buying can be done for 2points to4points tgt.
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Price fell below 660 which was not analysed as I was expecting a price bounce from 660level, but today’s fall tested the imbalance zone of 3rd June &13june. So today price touched that level from here price reversal or price fall with small candle can be seen as on 30min timeframe check 10:15candle the wick at bottom & reversal so we need to be a little cautious here.
Flat opens 664 below 661-660 tgt can be seen if more weakens than 657 next tgt. If flat opens sustains above 670 then 3-4points tgt can be seen. But if gap up or gap down opens wait for 30mins mark 1st 15min candle then mark its high&low then trade on side price goes. There’s a chance of price fall till 660 & reversal as price reversed from here so a proper candle closing at level needed or we will wait if took sell trade from top & then on level break we trail or book if takes support.
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Price didn’t took support at 660 so that means there’s more fall & it can be till 650 as it is a small hurdle & the gap too at 646. So if flat opens 657 breaks then 654.50=1st tgt then if sustains 651.50 next tgt can be seen, I would suggest avoid buying on flat open scenario,as there are many hurdles at top so can form wick n hit SL & buying can be done only on 1scenario that if price opens flat falls till 650 then reverses on support candle mark low as Stop loss then buying can be done for 3-4points, if gap up or gap down opens then avoid or mark 1st 15min candle high &low then trade on side price breaks but keep small tgt.
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Firstly everyone draw this channel on hourly basis on chart or can copy snapshot
==>WEEKLY basis price tested previous week candle's golden ratio zone so there's possibility of price reversal but after a small fall or fake break.
==>DAY time frame price formed a inverted hammer/shooting star type candle so there's possibility of price reversal but only after a small fall & 650 level test is pending as the FVG= Fair Value Gap created on 3-6-2024 is not tested & price took support at 653 so 650 level test is pending.
==>Hourly time frame price in downward parallel channel & breaking it twice with spikes on 19th jun 2024 & after, so there's high chance of price giving a fake break then move in opposite direction as it will remove weak hands & derivative contract expiry on 27th June 2024 so price can fall to test 650 or 648 or can even test 635 level then reverse as strong support is at 600 & resistance at 700 level & high oi at 660-670-680 level says sellers will try to keep price down then by the end on June price reversal can be seen.
so for Monday if price goes below 654.50 a 15min candle closing then sell for 651.50-650 tgt level then if goes down further 648 next tgt then book or if your risk reward favor's with position size then trail as per your analysis, as price can form a wick then reverse sharply & can hit sl if price takes support near 648/650 then goes up then next candle after support formed we buy for 4 points tgt or flat goes up 663 above 15min candle closes then buy 665-667 tgt but it can come sharp if price goes up takes rejection from 670/669/667/665 level then upon 663/662.10 below sell for 3 points immediate tgt then book or trail as per risk reward.
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Price given a parallel channel breakdown then reversed & crossed channel top so we need a small retest then price moving up will be a healthy move & can touch 700 level in coming days & if continues move up side tomorrow from immediate level then a break down can be seen, 663 above 670tgt can be seen if goes above it then trail as per risk reward, if falls from top then sell on channel crossing 650 tgt level.

Tip: if price opens below 655 then there's high probability of price testing 648 level or can 650.
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A red candle on day chart so price can come to test 638 level if more weakens so 644 below 642-640tgt can be seen, if more weakens then trail as support is at 630.
651.50 above buying scenario can be seen for 654.60/655.80 tgt level can be seen.
if gap up or gap down opens then mark 1st 15min candle hgh & low then wait for next candle to closes above or below it for any trade for 3 points tgt then trail as per risk reward.
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Price can consolidate as seller will try to push down price & support at 630 will be safe & resistance at 670 as high oi availability so if flat opens price can fall to test the parallel channel which is near 650-651 & once price gives a closing below it then 648 level will be seen easily so 653 below we take sell trade for above tgt levels if falls further then trail as per risk reward, if flat & sustains above 659 then 666 level can be seen, if gap up opens near or above 661 then wait mark 1st 15min candle high & low then next candle if breaks 1st candle low then sell for 1st candle half value tgt or till parallel channel top line if gap up goes up wait for a dip & that too near 666 level only or else leave.
if gap down opens near or below 648 level then mark 1st 15min candle high & low then trade on side price goes as if 1st candle is green then let a retracement candle to form then go for buying or else leave as price can stay side ways.
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price formed a inverted hammer candle on day chart but the significance is if tomorrow price opens above the closing price of 27/6/2024 then there's a chance of price going up till 666 level or can form a big candle then fall from top take support near 27/6/2024 day low or open value then give a up move so levels are if opens above 660 or at 661/662 then 666 level can be seen if sustains then 670 level can get tested too as support lies at 644 & resistance at 680.
if price forms a big green candle & touches 666/667.45 then wait for another 2 15mins candle to form then sell upon rejection or if price falls after 1st green candle till 654 level then takes support then buy for 3 points & trail if goes up further. if gap up or gap down avoid 1st half & mark hourly range high & low then trade on side price goes.
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Price on weekly basis is forming candle on alternate basis & once 650 closing comes then a fall is inevitable.
a bit tricky on day chart; as price needs to clear & sustain over 675.
"640= support & 700 a resistance", for monday flat opens 675 above sustains then 678-680 tgt level can be seen or a buy can be initiate if price falls a little till 666 then takes support & goes up then can buy.
if flat & 666 below 15min candle closes then sell for 3-4 points tgt if sustains then 660-658 next tgt can be seen.
if gap up or gap down wait for 30 mins mark 1st 15min candle high & low then trade on side price goes but if price is at tgt level then wait for a pull back or reversal or if price take support.
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Price went up to touch 700 level which we didn't discussed so accept my apologies as somewhere i haven't checked the after market news which many didn't know about, so lets not get into it so price given a breakout & tested 700 so what next there's oi but they will start to fade once price goes above 698 so tomorrow i.e. 2/7/2024 if price opens flat= less likely as a gap up at or near 698 is expected & 1st 15min candle forms red then mark it high & low then if next candle breaks it low then sell for 2-3 points as 1st tgt if sustains then trail as price after touching a psychological round level can come down to retest then go up or if flat opens can go up so 697 above or 698 above 700-701.60 tgt can be seen, flat 689 below sell for 3-4 points tgt then trail as per risk reward.
gap up open or gap down open if 1st candle forms red & below 700 level then price can come to test 689 level or even can touch 685 level too. or if gap down opens& above 689 then price crossing 694 will see a price rise to touch 700 level.
if first candle forms big then there's high probability of price staying in a range.
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price on day chart formed a doji spinning type candle which says sideways scenario but price is a little tricky as price flat opens or gap up takes rejection from 700 then can come down to test 685 level, so we can sit for a sell trade at that level if scenario persists, flat goes down in 1st candle below 685 then another 3-4points tgt can be seen & 695.50 above 700tgt.
price can be little volatile & can stay inside a range of 2/7/2024 candle so we need to be a little cautious.
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Price stayed sideways after 2/7/2024 spinning doji today i.e.3/7/2024 another small doji candle formed so 695 above a 15min green candle closes then only buy for 3-4points tgt & one point to remember as candle should be small not big & no rejection from top a small wick on top is accepted but if long wick then there's high chance of price fall. so flat 687 below sell for 3-4 points tgt & if goes further trail.
as per candles on day chart the scenario is little sideways so there's probability of 1st candle forming big red on 15 & 30min timeframe then staying in a narrow zone.
gap up gap down open avoid.
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Price on day chart & week chart following a trendline & respecting it & price formed a doji spinning candle on day timeframe which means sideways & volatility but on hourly you'll see price respecting a trendline at top so for MONDAY if price opens near or below 690 then goes up closes above 691 on 15min time frame with green candle then upon next candle formation & breaking previous candle high can take a buy for 695-697 tgt or if 1st candle forms red & even touched 692 & falls & closes below 688 then mark it low upon low break in next candle sell for 685 immediate tgt then to another 3-4points if falls.
670 a support & 710 a resistance.
flat opens 683 below goes sell for 680 immediate tgt if sustains then another 2-4points can be seen.
if flat open & goes above 691 then wait for a proper green candle closing above it with small or no wick at top for buy trade of 3 points then trail as per move.
if gap down opens trade in 2nd half.
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snapshot
The above link is for trendline & scenario purpose only & price can fail it 100% so levels are 680 breaks then 3-4 points tgt can be seen & if price goes above trendline & sustains & retest at 685 then buy on retest & there's a probability of price going up then falling down again resulting in fake break so upside on flat open we will go for small target of 2 points if sustains then trail for another 3 points till 690 level.
if gap up or gap down opens then trade in 2nd half as per price movement.
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so as per analysis price followed 2nd path & fell & price on 30min chart forming a "W" or it can also form a triple bottom or can make our "BABLOO" & move in opposite direction so we will trade on level break & sustain only 667 or 668.15 above we buy for 670-672 tgt levels & 658 below sell for 656-653 tgt & if more weakens then can fall till 650 as 640 level test can be seen if price weakens.
gap up or gap down mark 1st 15min candle high & low then trade on side price break but keep small tgts.
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a spinning doji candle formed on day chart indicating a sideways trend to weak so mark 2 lines horizontal at 681/682 & another at 675.
trade on side price breaks 681/682 breaks with a proper green candle then we can see 684/685 tgt then 687 tgt level can be seen.
if 675 breaks then price can touch 672 & 670 hurdle is there so price can form a lower wick & reverse or can continue fall.
gap up or gap down opens then wait & trade after 12/12:30 as per price movement.
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mark a rectangular zone at points 682 & 672 682 above we can see 685-687 immediate tgt then 672 below 670 as immediate tgt then 666 is next tgt.
for weakness of price it has to come below 11/7/2024 low then price can fall till 666 as the gap created will be filled as pending order block for FVG=fair value gap fill so price can do this scenario & flat goes but wait 682 above 15min candle sustains then only buy if price opens flat takes rejection from top sell & if takes support at bottom then buy but keep tight stoploss & take small tgt's
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price is weak & can fall but can open in between 681.15-685.55
if flat open goes up takes rejection from 688 or below from top then selling can be seen till 682 tgt flat goes down then 680 a hurdle then if sustains then fall till 678-676 tgt can be seen;
if flat opens goes up sustains above 687 (15min candle closing basis only) then 690 tgt can be seen.
if gap up or gap down opens then mark 1st 15min candle high & low then wait for another 15min candle to form then upon 1st candle price break then trade on side price goes.
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price opening gap up & moving up slowly so we need to take trades & book small profits as on 1hour candle basis price traded in a range after gap up opens so if tomorrow i.e. 18/7/2024 price opens gap up then on 30min time frame basis mark high & low of 1st 30min candle then trade on side price goes as a fall can be seen.
flat open 682.50 breaks 2-4 points tgt can be seen; if flat opens goes above 688.30 then 2-4 point tgt can be seen.
if gap down opens below 678 then mark 1st 15min candle high & low then trade on side price breaks.
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price showed a little positive & closed in green candle on day time frame & if you combine the previous day candle high & today's high you'll see price have identical highs & like a tweezer but on line chart you'll see it as inverted head & shoulder so what ever the pattern is we trade on price action & on levels. So if opens flat & goes up 692.50 above 15min candle closes we will see 2-3 points tgt & if this comes in 1st 15min candle then mark its high & low & upon next candle formation trade on side price goes but shift to smaller time frame & trade on 1 or 2 candle tgt only if sustains then we may see 700 tgt level too.
if flat opens goes below 688 then 3-4 points tgt can be seen if goes down further then trail as it will not go below 18/7/2024 low.
flat goes below
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price on day chart touched "M" pattern neck line & closed above. A Spinning candle on weekly chart & a red candle on day chart; signifies a negative situation & price can fall or in a another situation price can stay sideways in 50/65 points for this week.
673 below 671 as 1st tgt then if weakens further 2-4 points tgt can be seen.
684 above 3-5 points tgt can be seen.
if gap up or gap down opens wait for 30mins mark 1st 15min candle high & low then if price gets rejection from top near previous day close then sell for 3-4 points or if breaks 685-686.85 level then can buy but a very less chance.
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price reacted to budget news so from here 2 scenario's can happen as 1) price going & sustaining above 23/7/2024 high can go up to claim 700 level & 2) price going below 688 then can come down to touch 683-682 level.
so 688 below sell 3-4 points tgt then trail; 693.45 above 695.40-698.20 tgt can be seen or we may see 700 level as there are many hurdles at top so price can face difficulty.
if gap up or gap down opens then wait till 10:00am then trade on side price goes.
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2 things either avoid for a day or two then trade or take risk.
2 points to break for trade 692 above buy or if takes rejection sell
680 below sell 2-4 points immediate tgt or if takes support near 680 then price can move 2-5 points up.
gap up or gap down avoid.
TIP:- "A "/\/\" can form be cautious.
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price is weak & formed a red candle with selling pressure from top & candle formed at important level from here a retracement or fall can be seen as "666"==> a trendline support so price if falls below 672.50 then 670-668 tgt can be seen safe traders can sell below 670 for 666 tgt level.
679 above buy for 683 tgt level can be seen.
if gap up or gap down avoid due to volatility.
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price is trading in a sideways zone from July start & ass per pattern this is accumulation & from here breakout/breakdown can happen & range is 695-670
price on Monday if flat opens closes above 692.50 then 695 tgt can be seen & if price flat opens falls below 683 then 681/680 tgt can be seen.
if gap up opens then 695 below takes rejection or candle comes below 695 then upon next candle breaking low of previous candle sell for half of the value of previous candle as tgt & if price sustains & goes up let it go & don't chase it just watch is sustain then we plan to trade on other day.
if gap down opens remember there's a trendline at bottom which will act as support so once price breaks it a big fall can be seen.
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price took support at bottom trendline & price is totally sideways throughout the month & i would request you to draw 2 zones lower zone 670 & upper zone 695.50
if flat opens price crosses 683 then 686-688.55 tgt can be seen as price took.
if price goes below 670 then wait for a 15min candle to close for sell till 666.80 tgt.
if flat goes up price takes rejection from or below 670 then sell for 3-5 points tgt.
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snapshot
Price took trendline support at 671 & 670 support is still intact so once it breaks price will go to touch 666.60 level so 670.10 below 666.60 level can be seen & if price takes support of the trendline & goes above closing value of 30/7/2024 then we may see a up move till 681 level.
if flat opens price goes up 681 crosses then upon sustaining above we will see 3-4 points or if gap up open price goes up 681 above buy for 3 points tgt as price is expected to stay inside 670-695.50 range.
Nota
AVOID TILL PRICE IN THE RANGE
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Didn't expected price to fall & today's fall was to fill the pending order blocks of 10/7/2024(can check on day chart)
if price opens flat tomorrow then goes up a little till 668-671.60 & takes rejection then sell upon 1st candle low break or previous day closing value i.e. 664 level break for 661.50 tgt level.
if flat open goes down then trade upon 1-8-2024 low break.
if flat opens 1st 15min candle green forms then sustains above 672 we can see 674.70-675.20/676.10 tgt level.
if gap up opens below or near 668-671 then upon rejection sell or wait for 30mins i.e. till 9:45 then see price action price trading near low of 1st 15min candle then upon low break sell trade & if price near high of 1st 15min candle or trading above then wait & trade on pull back.
if gap down opens then wait for 30mins & mark 1st 15min candle high & low then trade on side price goes.
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Price traded sideways for a month then breakdown so price can come down sharp then reverse or if big candle forms then can break 638 level & can fall to test 625 level.
Monday if flat opens 650 breaks then 648-645.25 tgt level can be seen if sustains then 643.50-640.30 tgt can be seen.
for buying either do it on support or if flat opens price crosses 657.50 then 660.40-663.45 tgt can be seen.
if gap up or gap down opens then wait for 30mins mark 15min candle high & low then trade on side price goes & if at support wait if breaks sell or if price take support goes up buy 3-4 points can be seen. gap up opening is less likely.
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price fell as it is weak & price can fall to test 626 level so we will sit for sell on 634 break for 631.30=>1st tgt then if more weakens we will see 626.80 tgt level.
For buying let price sustain above 644 for 3-4points & when price comes from down upon flat open then price may not reach 647/48 level but if price takes rejection from 644 we sell for 641.25 tgt level.
second scenario of buying can be seen if price takes support near 631.50 & green candle forms on 15min & next candle break support candle high & sustains we buy for 3-5points tgt or till 5/8/2024 closing value.
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price can test 607 level if price weakens but before that a hurdle at 616 & 613 then strong hurdle at 607 level so flat opens breaks 621.75 below sell for 4-7points tgt, if further weakens then trail as per above given levels.
for buying flat opens price takes a little fall then reverses then can buy for 3-4points tgt or if flat opens price goes up 631.25 above price goes then wait if price takes rejection sell for 3-5points tgt if sustains above it then 634-635.25 tgt level can be seen.
if gap up or gap down opens wait for 45mins then on 30min chart mark high & low then shift to 5/15min time frame then trade on side price goes if rejection sell or if break & goes up buy.
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Price given a positive break is this reversal? or just a move to remove weak hands? lets find out price on hourly & 30min time frame forming a pattern & you all can check it on line chart for a better clarity & view. but if price opens flat 648.60 above 15min candle closing comes then 650-652.15/654.45 tgt level can be seen but we will trade upside only on a pull back & if price breaks with a big candle then there's a chance of fall from top for 3-4 points so risky traders can take this trade.
if flat open & 640 breaks then sell for 638.20-635tgt if sustains we will see 633-630.75 tgt level upon further weakness.
if gap up opens or gap down opens the wait for 30mins mark 30min candle high & low then shift to smaller time frame then see price action for another 5mins & then trade on side price goes or if any pattern forms.
as there are many hurdles at top so price can be a little volatile or can give a sideways move in a range.
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Firstly accept my apologies somewhere our analysis was not up to the mark as price opened gap up & traded inside hourly candle basis, "so we will not trade if price trades in between 645-637",
644.15 above price sustains after flat open 648-649 tgt level can be seen
635 below price goes after flat open 633.70-631 tgt level can be seen.
if gap up or gap down opens wait for 30mins mark high & low of 30min candle then wait if price takes rejection from 650 sell for 3-5 points tgt & if falls a little till 648/647 then reverses then can buy for 3-5 points.
if gap down opens price goes below 635 then wait for 30mins & if price goes below 632.10 then upon next breakdown candle we sit for sell & if price takes support or forms a red candle but buying pressure is there then upon high break we buy & tgt will be 3-5 points.
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Price on weekly time frame is weak & can fall to test 600 level as "580 is a major SUPPORT" & 680 a "RESISTANCE".
on day time frame price is about to form a pattern & it can form "W" OR "\/\" PATTERN as we will be ready for both.
so for MONDAY 12/8/2024 if price opens flat goes a little down then reverses it means W pattern & we can sit for buying, so 630 below 626-624 tgt level can be seen & if further weakens we will see 622.60-617 tgt level.
for buying 2-scenarios if flat open goes a little down till 623 then reverses can buy or flat opens goes up forming small candle's sustains above 638.50 then we can buy for 4-6 points tgt[there's a trendline at top & price sustains above it upon pull back buy].
if gap up or gap down opens wait for 30mins mark high & low then trade on side price goes.
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snapshot
follow this trendline marked on hourly chart as pls accept my apologies as price didn't do anything as per our analysis but i guess those who waited for 30mins & marked 30min candle high & low traded might have got a good profit, so let's do analysis for 13/8/2024 price formed a green candle & closed above 60% value of previous day candle & above trendline so a pattern like "W" in formation so flat open price comes down below trendline & closes below 633 on 15min time frame=1st candle then price can come to test 630/630.85 if further weakens then breakout failure & price can touch 627-624.85 level.
flat opens goes up & stays above trendline on 15min basis & 637.50 above sustains then we can see 640-645.50 or if further gets strong then 648/650.25 tgt can also be seen, if flat opens 1st 15min candle forms big & closes above 637/638 then wait don't get into buy trade & let it sustain above 641 then upon rejection from top sell till trendline or closing value of 12/8/2024 or if price takes a little retracement then goes up can sit for buy for 3.80-6.75 points tgt level.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
Trade ativo
snapshot
pls update you charts with new trendline at top.
so flat opens 622 breaks then 620-619.55=>1st tgt then if sustains then 617.75-616.85 tgt levels can be seen, or if weakens price can test 614.45 level also.
if flat goes up there's a trendline at top which will act as resistance so 628 above 630-632.80 tgt can be seen & 635.15 is where the resistance trendline is.
if gap up or gap down opens then wait for 30mins & trade on side price goes.
if price takes rejection from 635 level any time then upon second candle after rejection candle sell for 3-4 points tgt.
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price is weak but on day chart the candle formed at immediate support level says price is little strong as buyers took up the price so if flat opens 619 below 617.50 immediate tgt then we can see 613-608.75 level upon more weakness, as 613 is a small support hurdle if it break then a 6 point fall can be seen.
The trendline resistance at 632 level is there so price opens goes up takes rejection from 632 below or at 630-630.45 level then sell for 4-6 points tgt.
638 above 15min candle closes then only buying can be seen or in a high risky scenario if price flat opens trades & crosses trendline resistance by 2nd half & a pull back comes then upon pull back candle crossing can buy as price can give fake break any side.
so gap up opens below 632 takes rejection sell or if breaks trendline & in next 2 15min candles comes inside the trendline then sell till previous day close tgt
if gap down opens then wait for 30mins then mark high & low then trade on side price goes.
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price given a breakout on day chart but it need to sustain above certain level to go up.
flat opens 636 crosses then 633.40-632.45 tgt can be seen & safe traders can wait for 635.45 level to break then sell for same tgt levels & if further weakens then 630.40
if price flat opens 1st 15min candle forms green then mark its high & low then wait for next candle to form & close above it then upon a pull back trade upside or 641.75 above 644-645.70 can be seen & if price takes rejection from 645 below then sell for 3-5 points tgt.
flat opens falls & takes support near 635.35 then reverses then can buy for 3-5 points tgt or if gap down opens near 633.50 below then sell 630-631 level can be seen & if price takes support near 630/631 then a buying can be seen.
if gap up opens near 645 below takes rejection then selling till 641/640 can be seen & i will wait for a day then decide to buy or not.
safe traders can wait for 30mins if don't want to trade on levels mentioned then trade as per price action.
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price can form a "red candle on day chart"- but this can go 100% wrong as this is just a observation. & trendline earlier which acted as resistance can now act as support & if breaks then can fall to 611 level.
so if flat opens 632 below 630.45-628.50 tgt can be seen & safe traders can wait for candle to close below 630.45 for 628.50 then if falls further then 626-623.75 tgt level can be seen, if price takes support near 628-628.50 then reverses & sustains above 630 then we can see 633.35-635.25 tgt level & if price takes rejection from 633.35/634 then 630 level can get tested.
640 will act as resistance & 611 a support.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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Price can form a green candle on day time timeframe & i can be 100% Wrong in my observation, as price respected the trendline so if price take support of the trendline goes up then upon next candle breaking support candle high can go for buy as 630 tgt level can be seen, if price goes up a little takes rejection from 630 then can sell for 4-points tgt.
623.45 below 620.40/619 tgt level can be seen upon flat open & 15min candle closes below only.
flat goes up or a small gap up wait for 30mins mark high & low if price taking rejection from 630 we sell or if sustains then buy at trendline support only.
price can form a candle with lower wick or a full red candle can be seen.
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price formed a green candle on day chart as per our analysis & observation, now what?
price can go up but it needs to trade above 634 & close too.
price can go down as previously price went below trendline then reversed.
flat opens goes up no trade as there are many hurdles at top & price can take rejection from any one major one is 634.
flat opens goes down then wait if price takes support from trendline then can initiate a small buy if breaks trendline then price can close below 620 too.
if gap up takes rejection from 634 below then sell 3-5 points tgt & if goes up avoid let it go.
if gap down opens wait as 627 a hurdle & 625 next 622 initial trendline support if these hurdles break then 617 is our tgt if price respects these levels & reverses then can buy for 3-5 points tgt.
Tomorrow we will get a clear vision about trend & it will be a decider if not then this week will.
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price formed doji on day chart why as last candle buying got averaged at 631.80 if not it would have been a proper green body candle with small wick at bottom so for tomorrow if flat opens 633.15 breaks sustains above then4-7 points tgt upside can be seen & if flat price takes rejection from going a little up near or below 640 then selling of 4 points can be seen.
if flat goes below 625 then 620 1st tgt then 618/617.45 tgt can be seen.
don't forget the trendline & previous price support at trendline will act as support hurdle so price can reverse from there.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
if price opens near 640 then wait for 20-30mins mark 15mins 2 candle's high & low then see price movement & trade [if takes rejection sell if goes above 641.75 then can buy for 643.20-645.15 tgt level.
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Due to block deal price opened gap up & fell immediately so for Monday flat & 631 below 15min candle closes then 628/627 tgt level can be seen if further weakens then 625 level can get tested too.
if flat & goes up 640 above 15min candle sustains then 643.55/644/645.15 tgt level can be seen.
if gap up or gap down opens then wait for 40 mins then shift to smaller time frame if price takes rejection from top sell if sustains above 644 then don't sit for buy rather wait for a pull back or rejection for sell & if gap down near & above 625 then upon 2nd candle after support candle forms & above high then buy for 3-4 points tgt.
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A green candle can form with a lower wick but this is just an observation & can be 100% wrong so don’t go with biased mindset.
Flat goes up let it go & if take’s rejection near 633.50 then 630.25/629.65 tgt level can be seen.
If flat & 1st 15min candle forms green with taking support from bottom then upon next candle breaking high of support candle can buy for 3-4points tgt.
If flat opens goes down 625 breaks then 622.60-620 tgt level can be seen.
If gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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Price on day chart formed 3 black crows & on hourly chart formed bearish rectangle so from here price can go down & reverse=>35% probability red candle=>65% probability & green candle 25% probability.[ these probability are individual basis]
price if goes below 622 then 619.15-617.70/616.85 tgt can be seen if further weakens then 613/612 level can get tested.
flat goes up 627.50 above proper green candle with lower wick/no lower wick & small wick at top & closing above 627.50 then we can see 629.80/630-631.20 1st tgt then 633-635.50 tgt next can be seen.
gap up or gap down opens then wait for 30mins mark high &low then trade on side price goes.
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Price went down confirming bearish rectangle pattern with this this means a 58 points fall can be seen & we can see price fall till 600-601.45 tgt level so 615 below 612/611.40 tgt can be seen be cautious here as price reversal can happen from here if not then 609.55-606.65 tgt can be seen.
for buying price takes support at 611/610 near goes up & next support candle breaks previous candle high then buy for 4-5 points tgt or 618.50 above 620-622.20 tgt then we can see another 3-5 points tgt upside.
if gap up or gap down opens then wait for 30mins then trade on side price breaks, as small halt candle or a candle that tests 602 level can form & this can happen in a day or two or by next week mid term.
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price did exactly as analysis shared 58 points falls & 600 level test, so there's few points we need to focus on 603.35 below 601.10-600 tgt level can be seen & if goes below 600 be cautious as price have many hurdles at bottom & can reverse as like how it did today 614 above 616.45-620 tgt can be seen.
if gap up or gap down opens then wait for 30mins & mark high & low then trade on side price goes.
NOTE: price if opens below closing value & 15min candle forms red then price can test 606 level again if forms green then wait for high to break & a candle to close & sustain above it then can only go for buy.
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price on weekly time frame is a little negative & good thing is 600 level tested so price can go up a little then fall or can stay in range, "570-580 a Support zone & 660-670 a Resistance", So this week price can stay in between these points.
on day chart price formed a green candle after 600 level test but for reversal confirmation it need to sustain above 635-638.45 level.
for Monday 622.50/623 above 3-7 points tgt can be seen, or if flat falls till 608.5-611.25 then reverses then can sit for buying for 5-7points tgt.
613.40 below sell for 4-7 points upon flat opening, flat goes up 623/625 touches & price reverses then upon 2nd rejection candle can sell for 3-5 points tgt.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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price formed a doji on day chart & our focus should be to trade above/below doji i.e. high & low of 2/9/2024 candle so 622 above 624.25/625.45 tgt can be seen if price goes up further then trail or if price takes rejection from 625 below after going a little up then we can see fall till 616 level.
if flat & goes below 616.55 then we can 614-612 tgt level or price can fall till 609.25-610 level.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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price on day chart formed a red candle but on hourly basis you can see price in a range forming a bullish rectangle so price needs to sustain above 622-622.50 to confirm & price can do 2/3 things i)stay sideways trade in between 614-622.50 zone= avoid no trade zone. ii)price can flat open if big red candle forms on 15min time frame & closes below 614 then we can see 611-610/609 tgt level. iii)price going up sustaining above 622.50 for 625-627 tgt level.
so we mark 2 lines one at 622.50 & other at 614 & trade upon breaking but keep tight stop loss & trail on alternative candle.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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price can go to touch 630-637 zone, as W pattern formed on day chart & as said on hourly chart price formed bullish rectangle so price can go till 633.50-635 then a pull back can be seen,
if flat goes up 629 above 631.70-632.90/633.50 tgt level can be seen.
if flat 622.55 below 15min candle closing comes then sell for 4-7 points tgt.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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price on day chart formed a inverted hammer type candle & tomorrow i'm expecting a red candle on day chart.
as price opens flat 630.50/630 below goes 628-627.10/626.50 tgt can be seen & if 1st 15min candle forms red then upon 2nd candle breaking low sell for 1 candle tgt as then price could reverse a little then again fall later & if 1st 15min candle forms green with lower wick then wait for next candle to sustain or close or take rejection from 1st candle for sell or if sustains above then buy 2-4 points tgt.
if flat goes up 636 above price goes then buy or if price takes rejection from 636/636.65 then sell for 4-7 points tgt.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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As i've shared analysis yesterday that i'm expecting a red candle to form & price formed a red candle on day chart, so lets get on to next week analysis as on week chart a INVERTED HAMMER candle formed so weeks "support is 600 & resistance is 652",
on day chart inverted hammer type candle formed & on 2hr time frame price formed a "W" & which got it neck line at 628.55-630.45,
so price on monday price opens flat & goes up 627 crosses & 15min candle sustains then 628-630.45/631.40 tgt can be seen too if further goes up trail,
if flat opens 620 below goes 617.75-616.30 tgt can be seen if further falls then 615-613.70 tgt can be seen.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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price can form a green candle on day chart tomorrow as per my observation & analysis & i can be 100% wrong, so flat opens 631.50 above 632.30-634.45/636/637 tgt level can be seen,
if price flat opens forms 1st red candle on 15min time frame & comes down till 627 then reverses & 630 above trades then we can see 3-5 points tgt,
if flat opens price goes down 626 below 15min candle closes then we can see 2-4 points tgt.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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price didn't formed green candle on day chart as per observation & pattern changed & on 1hr & 30min chart you'll see price forming a "M" so we mark neck line then upon breaking level we trade.
631.10 above buy 633.50-635.50/636 tgt.
if price flat opens takes rejection from [or] below 631.40 then we can see price fall till 628.45 level if falls further then trail.
flat opens goes down then 624 below 3-7 points tgt fall can be seen.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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Price is in a range as on 1hr & 30min chart after giving 3triple top fell a little then marking reversal so flat opens 627 above 630.50-631.25/632tgt & if price takes rejection from or near & below 632 then 630-628.80 tgt can be seen.
if flat goes down 621.50 below proper red candle on 15min time frame closes then sell for 3-5 points tgt.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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snapshot
weekly chart price formed a spinning candle 595 a support & 660 a resistance
on day chart a inverted hammer candle formed but on hourly chart 632 a hurdle & 617 a support for intraday,
flat 632 above sustains then 635.90/636 tgt can be seen if sustains above it then 640 tgt level can be seen,
if flat 627 below 15min candle trades then 624 tgt can be seen & the target will change with every passing minute as there's a trendline which price is respecting so trade if breaks & trades below it on 15min time frame.
if gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
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Price formed a red candle on day chart & good thing is it sustained above trendline that we mentioned in yesterday analysis, from here 2 scenarios 1) trend line break then sell 2) if takes support of trendline then buy.
If 625.55 below 15 min candle closes then 623.75-623=1st tgt if sustains below then 620 tgt can be seen.
If price falls a little till trendline & takes support goes up then can buy on 2nd support candle.
Flat goes up 630 breaks & sustains then we can see 632.10-634.25=1st tgt 635.75-637.20 tgt can be seen.
Or if gap up opens then wait for 30mins then trade as per price action& if gap down opens below trendline then price can stay inside 30min 1st candle & if 620 breaks a 15min candle sustains then we can see another 4 points fall.
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price formed a red doji spinning type candle & if flat opens or gap up opens takes rejection from 622 or below it then keep 1 point sl for sell till 618.40-617.20 tgt, & if 615 below sustains then trail sl as per risk reward or book & if price flat opens falls down near 617.20/616.50 then forms a support candle then only buy for 4 points tgt if goes above then trail as per risk reward, flat goes up directly then no buying be it moves 10-12 points, let it sustain for a day then we will see the scenario then decide.
if gap down opens near & above 615 then wait for 30mins then mark high & low if price takes rejection from 621.80-622 by 10:30 then we can sell for 4 points if after 10:30 takes rejection then avoid sell.
Trade ativo
As per our analysis after 1st 15min candle we got good sell trade & I’ve mentioned the same in comments section to not to take any position further as we got good profit in sell trade,so let’s see what’s there for tomorrow as price tested 598level indicating to test again in future so we need to be a bit cautious here as price can go up a little then fall & it can be 613-615 level & for buying 615 above proper 15min candle closes & sustains then only buy [or] if price takes support near 605 then can buy but this will be risky trade.
Flat goes up takes rejection from 613-615 then upon 609.40/609 below price goes sell for 606.60-604.25=1st tgt then 602-600tgt if goes below book 90%qty once & 598 below price sustains then can add qty for sell more or can try on next day if got any opportunity,
If gap down opens & 1st 15min candle stays above 604 & closes if red candle then mark its high & low then upon low break trade till 601.10 or wait for another 15min candle to form then trade on side price goes, if gap up opens= less likely then wait for 30mins mark high & low then trade on side price goes.
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On weekly chart price can form \/\ or W any one can form, on day chart price formed a green candle after gap up open & price went straight up, so for Monday flat opens a dip comes till 612.40 then reverses then buy for 7-10points tgt, if flat goes up 622.35 near takes a rejection then 618 level can be seen & if goes up without any retracement then avoid, gap up or gap down opens avoid trading 1st half and on 2nd half i.e. after 12pm mark hourly range high &low then shift to smaller time frame & trade on side price goes.
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A spinning Doji on day chart & a test for you all those who are following analysis, as go to 30min to 1hr line chart & see the formation the price is making and post in comments.
From here a couple of things can happen sideways accumulation, markup, distribution.
614-632 a range of accumulation-weekly, 622.55-626. A zone where price can take hit or go up. So 626 above up move and 618 below fall.
If gap up near & below 628-627.55 then upon 2nd candle after rejection candle forming & breaking low sell for 4-6points tgt or if price takes support in 2nd candle after gap up open on 15min chart near 622 then wait mark Fibonacci 0.5-0.6 zone then trade accordingly.
618 below goes after flat open 614 tgt. Flat 622.55 above sustains high risky traders can keep 1 point sl or previous small candle on 5min chart as Stoploss then trade upside for 624-626=1st tgt then trail on alternative candle if goes up further.
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A inverted candle on day chart & 615-614 below sell for 612.50-609.50tgt can be seen.
619.60 above 15min candle sustains buy for 621.40-623.35tgt,
If gap up or gap down opens then wait for 30mins mark high &low then trade on side price goes.
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A hammer on day chart 618 above 620-624 tgt can be seen & 612.40 below 610-608.45/607tgt can be seen, if gap up opens near 620 or at 624 then takes rejection candle big & this should be first 15-30min candle then mark high & low then low breaks trade lower side for 3-5points tgt, if gap down opens near 610 above then wait for 30mins then trade on side price goes.
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On day chart if you observe a w formed which I’ve mentioned 4days ago in analysis, so price can test 632-635.65level,
621 below 4points tgt,if sustains then trail but less likely,
627.10 above 630-632tgt but this is only applicable on flat 1st candle green &big forms on 15min time frame so we have small tgt, if flat & price falls in 1st 15min candle till 619/618 level then wait for next candle to form green & mark it’s low as sl & upon next candle breaking high take upside trade for 6points tgt,
If gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
Note:- wait for at least 30-45mins in gap up as price can oscillate in between 632-622 level.
Trade fechado: stop atingido
Price formed a dojo candle with long upper wick usually when a candle like this forms 2things happen 1) price opening & sustaining above the opening value of 30/9/2024 candle then can reach 50%-65% value or 2) price can open above opening value of 30/9/2024 then go a little up then take rejection and fall below the low and fall further half of the value of 30/9/2024 candle.
So flat opens 629 below 3-5points tgt in sell & 635above only buy 4-7points tgt.
If gap up or gap down opens then wait for trade after 12pm upon seeing price action and hourly candle range.
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630 below sell 4-7 points tgt; 634 above 4-6points tgt,
If flat goes up takes rejection from 637.60/636.45 then upon next candle breaking low of previous rejection candle sell for 4points tgt if goes down further trail as per risk reward,
If flat goes down till 625 takes support then upon next 15min candle sustaining above previous support candle buy for 632.40-634.20tgt.
If gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
Trade ativo
618 above 620-623.25 tgt can be seen, 613 below only sell but here’s a catch that the stoploss will be big and small tgt till 610 so better to wait for 610 break and sustain then only take sell trade or if price takes support near this point then buy for 5-7points tgt,
If price flat opens goes up takes rejection from 622.45 then 619 tgt can be seen or 618.10 tgt can reach too.
If gap up or gap down opens then wait for 30mins mark high &low then trade on side price goes.
Trade ativo
Price is weak & can test 600 level as 640 a resistance and 595 a small support if breaks 590-585tgt.
On day chart a spinning doji candle formed; so if closing price below goes then low will be touched 608 below 604.60-601.20/601.80-600.80 tgt can be seen if gets further weak then 598 can get tested too,
613.05 above buy for 616.50/617.80-620.40tgt can be seen,
620 a important price point once price reaches and breaches it with proper green candle and closing above it then another 5-7points move can be seen and if price takes a rejection from 620 then. 615-612tgt can be seen.
If gap up or gap down opens then wait for 30mins then mark high and low then trade on side price goes.
Trade ativo
Price formed a big red candle on day chart indicating further weakness and can test 560 in gets weak further so now our support is at 560 and resistance and 620.
587 below 583.80-580tgt if gets weak further then 577-575tgt can be seen,
For buying 594.40 above only 598.40-600.60/601.20 tgt can be seen,
If gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes.
Note; if price falls initially after opening then there’ll a little difficulty in reaching buying point zones, so those who wanted to buy can do it either on price taking support(by shuffling through multiple timeframes to see any hammer,or positive green candle formation)then only buy or better to avoid and let price decide the move then buy.
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Price is weak on weekly chart and indicating a fall,
On day chart price is negative and a fall till 567 can be seen,
583/582 below 15min candle sustains then 577-572 tgt can be seen and 567 next tgt if falls further,
Flat 588 above 592-593.35 or 596 tgt can be seen,
Gap up or gap down opens then wait for 30-45mins mark high and low then see price action then trade on side price goes but keep tight stoploss and small tgt.
Trade ativo
Apologies as our analysis was not on point as price took a support near 583 then went up and formed a hammer type candle on day chart or call it doji with long lower leg so for tomorrow price opens flat goes up sustains above 590 then there’s a possibility of price going up till 592.50-595tgt then if goes up further 598/600tgt level can be seen.
585.50/585 below 15min red candle closes then sell for 583.50-582 tgt if falls further then trail as another 5-7points can be seen,
If gap up or gap down opens then wait for 30mins mark high and low then trade on side price goes.
Trade ativo
Price formed a long upper legged doji candle on day chart so 592.10 above sustains we buy for 594.50-597 tgt level,
587 below candle closes then 584.30-583.15tgt can be seen.
If gap up or gap down opens then wait for 30mins mark high &low then trade on side price goes.
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Price formed a doji candle with long lower wick/hammer doji/dragonfly doji, whatever you call it on day chart.
So price going below 586.60 then we can see 4-8points tgt,
Price flat opens goes up above 592.50 we can see 4-8points tgt.
If gap up or gap down opens then avoid or wait till 11am then see the trend of price then trade.
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Price is weak and can touch 550 level as price filled 16/10/2024 days lower wick and even closed below signifying price weakness and more fall, so 568.20 below 6-8points tgt or if further weakens then 557.40 next tgt.
For buying let price sustain above 580 then only buy.
If gap up or gap down opens then wait for 30mins mark high &low then trade on side price goes.
Trade ativo
Price on weekly chart is still weak but our 550 support and level test is still intact and 620 a resistance, on day chart a hammer type candle formed significance is buying,but it need to close above certain level, so for Monday flat opens goes up Takes rejection from 574.60-577 then we can see a fall of 6-8points immediately,and flat opens 577.0 above price trades then we can see 580-581.45=1st tgt then 583-585.55 tgt,
Flat goes below 569 then 3-5points tgt can be seen,
Note; once price trades with a candle on 15min time frame closing and trading below opening value of 18/10/2024 then we can see a fall till low of that day or even further,
Gap up or gap down opens then wait for 1hr then mark hourly range of high and low then trade as per price movement.
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Price can stay sideways as a spinning candle formed on day chart, so 576.50 above 578-580.40 or even 582.15-583.30 tgt can be seen,
569.55 below sell for 565.15-560/559 tgt can be seen.
If gap up or gap down opens then wait for 30mins mark high & low then trade on side price goes
Trade ativo
546-552 level can be seen, as price is weak.
556 below 552.45-550=1st tgt then546 next tgt upon flat opening scenario,
For buying let price go above and close 570 then 576.55-577.70 tgt can be seen,
If gap up opens then wait till 10:30 then on hourly chart mark high &low then upon rejection sell till half of value of hourly candle or use fib retracement,
If gap down opens then on 15min chart wait for 1stcandle to close if candle is red then mark its high as stoploss then sell upon next candle breaking low and tgt will be of 4-7points but it stoploss is big then wait for a upmove then sell upon rejection.
Trade ativo
Price is weak &once 520 below closing comes on day chart then yearly gains will wipe off, & investors will panic by which a short sell or averaging can be seen as 509 is the lower point.
Price if flat open takes support near 548 & goes up then 558-562.20 level can be seen,
If 552/551.40 below 15min candle closes then sell for 7-10points-> flat scenario.
If gap up or gap down opens then wait 1hr 15min then on hourly chart mark high & low then plot Fib retracement on hourly candle then if price falling from top sell till halfway mark,if price going up then halfway mark level buying can be seen.
Trade ativo
Price given a retracement so if flat opens 554 below 550.50-548.60 tgt can be seen,
For buying 564.55 above 570-572.45 tgt.
If gap up or gap down opens then wait for 45 mins then mark high & low then trade on side price goes.

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