End of Year Palladium Bull Run \o/From the current notation, I see this leveraged ETF on Palladium rising approximately 45% until the end of the year. The reasons are as follows:
Fundamental Factors : With increasing sanctions on Russia, one of the main exporters of palladium, global supply may become constrained. Furthermore, inflationary pressures might drive commodity prices higher. Technical Indicators : The Palladium chart has recently formed a higher high, and a higher low appears to be developing. The price has crossed above the 200-day SMA, and now the 30-, 50-, and 200-day SMAs are bullishly aligned. Seasonality: The seasonal strength in OANDA:XPDUSD is expected to begin the week after next.
So, we could get ready for rising prices in Palladium!
Higherlow
SWING IDEA - DELTACORPNSE:DELTACORP has been forming a Lower Low Pattern on the Price Action, while the MACD seems to be forming a Higher High Pattern currently, which could indicate that this stock's Price Action could be reversed and start to form a Higher Higher Pattern too.
In addition, Delta Corp Reports Q1 Consolidate Net Profit At 216.8 Mln.
If all is well, we can start seeing the Price going all the way up to the next Support/Resistance zone.
SWING IDEA - GLANDStock has completed its Correction phase and found its lowest at 860, much below the 1700 IPO listing.
Stock seems to be forming a new Higher High and Higher Low Pattern since Oct 2023.
Also it can be seen following the Trendline as well.
A Hammer on the weekly close last week, could indicate a strong support forming exactly on the Trendline, which is a good sign for further upward move.
If all goes right, the stock could make it to its next leg up.
Stoploss mentioned is crucial. If broken, the stock could start seeing further lows.
SWING IDEA - MAWANASUGStock has currently formed a good support at 116 levels.
It seems to making newer Higher Highs since the last few weeks steadily.
The most recent MACD Crossover has shown a good move upward.
Currently the MACD Cross is in play on the Monthly Charts. Once it completes successfully, the stock could start seeing massive movement upward in the coming weeks/month.
SWING IDEA - DEEPAKFERTPrice Action is making Lower Low Pattern, while MACD Cross is making Higher Low Pattern.
MACD is showing good momentum upward.
The stock should be ready for its next leg up, at least until the next Support/Resistance zone.
Worst case, a retest to the nearest Support zone @ 480 levels.
Any weekly closing under this level can take the stock to new lows.
Trade with the Trend.
SWING IDEA - PVRINOXPrice Action was forming a Lower Low Pattern and the MACD Levels has slightly started to form a Higher High Pattern.
1280 is holding as a good Support Zone. Any revisits to this level again or below this level could invalidate setup and also bring more lows for NSE:PVRINOX
As long as the stock continues its momentum upward, everything looks good until its Swing High levels.
SWING IDEA - LTIMStock seems to have following the Trendline as given. There has been 4 touches so far on this trendline, indicating a strong Support formation.
If the stock continues to obey the trendline, it could revisit its Swing High again.
MACD Crossover also indicates a good bullish momentum.
While there us a Support formed at 4748 level, even our Trendline intersects at the same region in the coming weeks. So if you want a better entry, you can wait for a retest at the Trendline again and then take an entry based on your Risk Management.
SWING IDEA - RSWMPrice Action is starting to forming Higher High Higher Low Pattern ever since the recent Swing Low levels.
A MACD crossover in also in the play, which could indicate that the Stock is currently in a Bullish momentum.
There is a S/R zone at 227 levels too. Price could initially get resisted from this level for the time being. However once we have a successful breakout from this S/R zone, we can see the stock go all the up until at least the next S/R zone.
SWING IDEA - NDTVThe Stock seems to be following the Trendline and successfully forming Higher High and Higher Low Pattern.
Convergence Divergence is also in play currently.
MACD Crossover has also happened exactly at Trendline retouch indicating a move upward.
Election results has helped the stock to rally as well, since Modi government retains power for the 3rd time.
If everything goes well, stock should be ready for its next leg up and possibly start making new Higher Highs too.
SWING IDEA - PANAMAPETStock is currently at its 52W high and also breakout zone.
MACD is indicating a good momentum in the upward direction.
Also Monthly MACD has made a crossover, which could possibly take the stock to new highs in the coming weeks/months.
406 has formed as a Key Support for this Trade be to be valid.
Weekly closings above this Support level will surely take the stock to newer highs.
SWING IDEA - BORORENEWPrice Action and MACD seems to be forming a Convergence Divergence.
Price Action has also started making new Higher High and Higher Low Pattern.
A Candle seems to have formed in the Weekly candles too indicating good support for the stock.
If all is well, the stock could go to its next leg up.
MACD Cross has still not completed. It could indicate if the Trend will go upward once the crossover is completed successfully. Take Entries upon verifying Price Action after MACD Cross only.
Note: Earnings Report has revealed the company in Loss. This could potentially take the stock down if things don't go right. Ensure to follow Strict Risk Management while trading this stock.
Higher Highs Higher Lows - EICHERMOT📊 Script: EICHERMOT
📊 Sector: Automobile
📊 Industry: Automobiles - Motorcycles / Mopeds
Key highlights: 💡⚡
📈 Script is trading in Upward moving channel and forming Higher Highs Higher Lows on daily chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 4941
🟢 Target 🎯🏆 - 5073
⚠️ Stoploss ☠️🚫 - 4808
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Unlock the Secrets of Gold Trading: Pericles' Ancient WisdomIn this video, we explore the profound perspectives on fear from historical figures like Pericles and modern thinkers like Ryan Holiday. Pericles, the esteemed Athenian statesman, saw fear as a natural emotion that should not paralyze us. He believed in confronting fear with courage, rational thought, and strategic planning, using it as a tool for effective decision-making.
Ryan Holiday, drawing on Stoic philosophy in his works, echoes these sentiments with stories of historical figures who turned fear into fuel for success. He recounts how John D. Rockefeller faced market crashes with calm calculation and how Theodore Roosevelt overcame health challenges by embracing adversity.
Both Pericles and Holiday teach us that fear, when managed correctly, can become a powerful ally. By acknowledging fear, confronting it with rationality and courage, and using it to sharpen our focus and strategy, we can transform challenges into opportunities for growth and success. This approach is especially relevant in the realm of trading, where mastering fear can lead to better decision-making and greater resilience.
Key Levels and Patterns:
Higher Highs (HH) and Higher Lows (HL):
The chart shows a series of higher highs (HH) and higher lows (HL), indicating an overall uptrend. This pattern suggests that the bullish momentum is still in play.
Ascending Channel:
There is a well-defined ascending channel where the price has been moving upwards within parallel trendlines. This channel can act as a guide for potential support and resistance levels.
Reversal Points (LQZ):
1-Hour LQZ / Reversal Point: Located at 2,429.190. This level is a potential area where price may reverse or find support.
4-Hour LQZ / Reversal Point: Located at 2,391.394. This level also serves as a significant support zone.
Take Profit (TP) Levels:
TP 1: 2,319.385
TP 2: 2,288.085
TP 3: 2,265.369
Recent Price Action:
The price recently reached a higher high at around 2,458.755 and then pulled back slightly, indicating a potential short-term correction within the overall uptrend.
The ascending channel suggests that if the price remains above the lower boundary of the channel, the uptrend is likely to continue.
If the price breaks below the 1-hour LQZ / Reversal Point at 2,429.190, it could test the 4-hour LQZ / Reversal Point at 2,391.394. A further breakdown below this level might lead to the next support at TP 1.
Analysis Summary:
Bullish Scenario: The price could bounce from the current levels or the lower boundary of the ascending channel, aiming for new highs. Traders might look for buying opportunities near the support levels of the channel and reversal points.
Bearish Scenario: If the price breaks below the identified reversal points and the ascending channel, it might signal a deeper correction, potentially heading towards the TP levels for possible buying opportunities at lower prices.
By applying Pericles' wisdom of confronting fear with rationality and Ryan Holiday's insights on turning fear into strategic advantage, traders can approach these levels with a clear, disciplined mindset, making informed decisions even in volatile market conditions.
SWING IDEA - RBAPrice Action made a retest @ 90 levels and MACD started making a Higher Low Pattern formation, which took the stock up to 50%+ profits.
Another MACD Cross is in play now at a good zone.
Ideally it should take the stock easily to its previous Swing High and possible even higher.
Stock is currently at a good buying zone. Let's see how the Price Action plays out for the new MACD Cross now.
EURUSD - BEARISH SCENARIO 📉
As We Talked in The Previous Analysis:
The Price Has Pulled Back to The Resistance Line.
Currently, The Market Created a New Higher Low.
So, Let's Expect The Bearish Scenario:
if The Price Breaks The Higher Low and Closes Below That,
We Will See a Bearish Move📉
_________
TARGET 1: 1.06670🎯
TARGET 2: 1.05755🎯
Higher Highs Higher Lows - Short Sell - VTL📊 Script: VTL
📊 Sector: Textiles
📊 Industry: Textiles - Cotton/Blended
Key highlights: 💡⚡
📈 Script is forming Higher Highs Higher Lows patterns on daily chart.
📈 We may see stock price at 422 on downwards.
📈 One can go for Short Swing Trade.
⏱️ C.M.P 📑💰- 438
🟢 Target 🎯🏆 - 422
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Ethereum - Forming A Base Like So Many Times Before ?#ETH
Ethereum is forming higher lows and a higher high while bouncing off support ATM
This bottoming structure has been formed similarly many times in this pair.
All while sentiment is a like a funeral procession & ETH ETFs are loading in the background
Probably Nothing...