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Candlestick Analysis

Nifty finds a support just above Mother line and Mid-channel.Nifty has today found a good support just above Mother line of the hourly chart and Mid-channel support zone as it bounced from lows of the day near 23412 to close at 23591. Tomorrow being the weekly closing, monthly closing and financial yearly closing it become very important or one of the most important days for investment enthusiasts. A positive closing tomorrow will empower bulls in a lot of ways. The first support for Nifty will be at 23550. A very strong support zone for Nifty right now remains between 23412 and 23380. This zone includes today's low, mid channel support and mother line support. A closing below 23380 will bring bears back into action who can potentially drag Nifty again to 23145, 23003 or levels below 22801. Resistance zone for Nifty remains at 23646 today's high, 23670, 23778 and 23900. A closing above 23900 will empower bulls to take Nifty to higher levels of 24046, 24169 or 24378. As described earlier very important day tomorrow with shadow of the candle being neutral to positive. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
GOLD, The Quest for New Highs continues...It is common knowledge that Gold is in an uptrend as it continues to make a series of higher highs and higher lows. We could all tell that it may be aiming for a fresh high at this point, which is why I'm dropping this analysis so that we can all ride with the trend and not miss this golden opportunity. I'm waiting for price to tap into the Order Block marked with a rectangle, after which I will wait for a clear candlestick confirmation to go long. My confidence in this trade playing out is 99% as long as price taps into the OB before or during the New York session. As usual I will be monitoring and dropping relevant updates while trade runs. STAY TUNED.
OANDA:XAUUSDLong
by Nytro1
Gold Bullish Continuation and 3037 RetestAs highlighted in today's earlier update, the price has successfully retested the 3030 level and subsequently tested the 3037 level, which serves as a 30-minute resistance. If the price closes above this level and retraces to gather liquidity around the 3035 area, it could provide greater potential for upside scalping opportunities. For those who entered around the 3030 mark based on the earlier analysis, keep an eye on the 3037–3040 range for any notable reactions. If the price closes above 3037, we could see a smooth continuation. However, if the price falters and forms a strong bearish candle, consider partially closing your position while setting the remainder to breakeven. This approach leaves room for a fresh attempt during the New York session. Cheers!
FX:XAUUSDLong
by CandleStickGuru
XAUUSD – Bullish Breakout Confirmed Ahead of GDP🟡 XAUUSD – Bullish Breakout Confirmed Ahead of GDP (Week 13 – 4H TPO Profile | March 26 Close) - ✅ **Failed Auction Long** triggered Monday off Previous Week VAL (3014) - ✅ **IBX Long** now confirmed — T closed above IB High (3033), U above PW-POC (3034) - ✅ **U-period printed a bullish engulfing candle**, signaling conviction through resistance - ✅ **Also closed above AMR High (3032)** — confirming expansion conditions - 📈 **Developing Value Area rising** (3014–3028), POC steady at 3016 - 🧠 Structure is leading → market accepting higher prices - ⚠️ **GDP release in ~3.5 hrs** — V-period will absorb or extend post-news - 🎯 Watching for continuation toward **3044–3050** (historical median cluster) - ❌ Reversal only on sharp rejection and close back below 3032 Conviction + Structure = Signal. The market’s spoken — now we manage it.
OANDA:XAUUSDLong
by PipsnPaper
Two tempting short setups — but one is hiding real dangerWhich pair would you short? We’re looking at JCPB/BAB and AGG/GTO , both showing positive deviation and riding the upper Bollinger Band. At first glance, both look ripe for a short… but dig deeper, and you'll see very different stories. 🔹 JCPB/BAB Chart: Low ADX, balanced DI+ / DI− → classic setup for a mean-reversion short. But the last daily candle is a strong bullish bar — big, green, and decisive. This could be the start of a breakout , and shorting into fresh upside momentum is dangerous. Looks neutral — but hides bullish potential. 🔸 AGG/GTO Chart: Clear uptrend: DI+ dominates, price marching upward. Also touching upper Bollinger Band, so yes — shorting here is fighting the trend. But at least the risk is obvious , and you can frame the trade accordingly. Transparent trend = measurable risk. 🧠 Bottom line: JCPB/BAB may seem safer — but that green candle changes everything. AGG/GTO is clearly trending — risky to short, but less deceptive. 👇 So, if you had to short one of these — which would it be? Drop your take below. Let’s hear your reasoning.
AMEX:AGG
by YoavShachak
Gold Daily Update - Looking Bullish!Gold has successfully broken above the critical 3030 level, at least on the shorter time frames of 30 minutes and 1 hour. It has closed above this level and is now retracing slightly, possibly to test the area again. If the price holds above this level during the London session, further upward momentum is likely. The first target could be a retest of the 3050 level, and depending on the volume during the New York session—particularly at the New York Stock Exchange's opening at 9:30 AM EST—it might even attempt to retest its all-time high. Given this price action, the downside appears limited for now, and I wouldn't recommend shorting this market at the moment. Even though we're approaching the end of the month and quarter, when fund managers often rebalance portfolios or book profits from recent gains, the momentum currently seems firmly bullish. Shorts would only become a consideration if the price closes decisively below 3030, fails to reclaim that level, and gradually breaks below 3015. Until we see such developments, the current trend favors the bulls. Wishing you a great day and week ahead! Don't forget to like and subscribe to my channel to keep receiving free analysis and content.
FX:XAUUSDLong
by CandleStickGuru
1
Russell 2000 Futures: Bearish Reversal in Play?Russell 2000 futures may resume the bearish trend established earlier this year, trading below wedge support following the completion of an evening star reversal pattern on Wednesday. Shorts could be established on the break with a stop above the former uptrend for protection. Support may be encountered around 2050, although 1994.8 looms as a more appropriate target for those seeking greater risk-reward. RSI (14) has rolled over, while MACD remains negative despite grinding higher over the past fortnight, painting a picture of waning momentum that complements the bearish price signals. If RTY were to reclaim the former uptrend, the bearish setup would be invalidated. Good luck! DS
CME_MINI:RTY1!Short
by FOREXcom
1
UK100 Technical Analysis 🔹 Trend Overview: UK100 is currently consolidating between key support and resistance levels, suggesting a potential breakout scenario. 🔹 Key Levels: 📈 Resistance: 8,727 – A breakout above this level could push price toward 8,818. 📉 Support: 8,627 – If broken, price may drop toward 8,475. 🔹 Market Structure: ✅ Price is in a range-bound phase, with a possible breakout in either direction. 🚀 Bullish scenario: Break above 8,727 → Retest → Target 8,818 → 8,912. ⚠️ Bearish scenario: Rejection at 8,727 → Drop to 8,627 → Break → Target 8,475. 🔹 Trade Idea: Bullish above 8,727 with targets at 8,818 and 8,912. Bearish below 8,627 with targets at 8,475. 📌 Risk Management: Wait for confirmation of breakout or rejection before entering trades.
FX:UK100
by juniormoseki1
US OIL SHORT & LONG TRADESAs I stated yesterday after price rejected from the Diagnonal resistance, I said price could retest and dump further or breakout to higher levels. I did ioen a short for the dump, but then I checked the trade this morning and realized it's in a breakout trend. So I closed the short in a small los and capitalized on the long at the point of resting the Trendline which is still running. Let's see how high price can climb now, currently at a strong zone.
TVC:USOIL
by THE_KLASSIC_TRADER
GBPCAD Wave Analysis – 26 March 2025 - GBPCAD reversed from resistance zone - Likely to fall to support level 1.8230 GBPCAD recently reversed down from the resistance zone between the resistance level 1.8625 resistance trendline of the weekly up channel from 2023 and the upper weekly Bollinger Band. The downward reversal from this resistance zone created the weekly Shooting Star candlesticks reversal pattern – which started the active wave iv. Given the strongly bearish sterling sentiment and the overbought weekly Stochastic, GBPCAD can be expected to fall to the next support level 1.8230.
Short
by FxProGlobal
Nifty Coming back to test its supports.After a proper breakout and a rally which stretched above 1900 points from the March 4 lows, Nifty was clearly overbought on the hourly chart. It might be coming down for one or more of the following reasons: 1) Retesting support from where it can launch fresh move. 2) Correcting the RSI which had gone into the overbought zone. 3) Pressure due to upcoming Monthly and Financial year closing approaching on 28th March 2025. 3) The rally might have fizzled out. 4) Tax harvesting being done by retail investors. 5) Pressure due to upcoming Monthly and Financial The first 4 options seem to be more likely of the 5 points mentioned above. FII was again on the buying side today so DII and Retail were the major selling parties. Nifty Supports currently remain at: 1) Strong support zone of 23398 and 23309 (Hourly Mother Line support). This zone also includes the formidable mid channel support. 2) Next support is at 23145. 3) The next critical support for the rally remains at (Father line of the hourly chart) which is at 22959. 4) Final support for the rally will be at Channel bottom which is at 22801. Nifty Resistance currently are at: 1) 23602 which is now a resistance. 2) 23749 a formidable resistance. 3) Recent rally top at 23869. 4) The zone between 24071 and 24267. (The areas that can be new channel top). If you want to learn more about Mother, Father and the Small child theory designed by me about the stock market, Parallel Channels, charts, Candlestick analytics, Fundamental analysis, Mother and Father line importance, How to book profits, how to find a balance between Technical and fundamental analysis through Happy Candles Numbers, understand Behavioral Finance and other interesting topics by learning which you can make your money work harder you should read my book THE HAPPY CANDLES WAY TO WEALTH CREATION which is available on Amazon in paperback and kindle version. E-version of the same is available on Google Play Books too. More volatility can be expected int the next 2 days due to ongoing Ukraine-US-Russia announcements, Financial year expiry and Trump Tarif updates. Trade with caution. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Futures Short Setup – Targeting 23,561-23,539📉 Nifty Futures Short Setup – Targeting 23,561-23,539 📉 🔹 Trade Setup: Entry Zone: here Target: 23,561 – 23,390 Exit Zone (Invalidation): Above 23,765 Trade Rationale: Rejection from resistance Weak momentum signals further downside Ideal for intraday or short-term traders 🚨 Watch for confirmation before entry! #Nifty #NiftyFutures #StockMarket #TradingSetup #PriceAction #TechnicalAnalysis #IntradayTrading #NSE #MarketAnalysis #OptionsTrading
NSE:NIFTY1!Short
by Anany_shringi
Gold Faces Repeated Rejections, Bearish Outlook RemainsAlthough gold has yet to confirm a significant downtrend, it has faced multiple rejections around the 3030-3040 resistance zone in recent sessions. Notably, after touching 3036 yesterday, gold experienced a sharp pullback, forming a long upper shadow on the candlestick chart. This price action has diminished the supportive effect of the underlying W-bottom structure. If gold continues to struggle to break above the 3030-3040 zone, the current seemingly strong price action may prove to be a false signal, merely a setup for a subsequent decline. Additionally, with geopolitical risks easing and no significant fundamental drivers supporting further upside, I remain optimistic about a bearish continuation in gold. We can consider scaling into short positions within the 3028-3038 range, patiently targeting a retest of the 3010-3000 zone. A confirmed break below 3000 could accelerate further downside toward the 2995-2985 region. I would make more detailed trading plans and trading signals every day according to the real-time market situation, which is also the testimony of every successful transaction and profit of mine; the article has a certain lag, if you want to copy the trading signals to make a profit, or master independent trading skills and thinking, you can choose to join the channel at the bottom of the article
OANDA:XAUUSDShort
by Trader_Marvin