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HDFC Bank: Navigating Bearish Momentum Amid Key LevelsNSE:HDFCBANK : Navigating Bearish Momentum Amid Key Levels NSE:HDFCBANK : is currently facing bearish momentum, encountering significant downward pressure as it tests key support levels. As traders, it’s crucial to analyze the following resistance and support zones to gauge potential market movements: Resistance Levels: 1726 / 1716: These levels are pivotal resistance points. A failure to breach these zones may trigger sell-offs, reinforcing bearish sentiment in the stock. Support Levels: 1676 / 1636 / 1596: The stock is attempting to establish support near 1636. A break below this critical level could accelerate downward momentum, signaling further weakness and inviting additional selling pressure. Upcoming Catalysts: HDFC Bank will announce its Q2 earnings report on October 18. This upcoming event is likely to introduce volatility, potentially influencing price action significantly. Market Outlook: Despite efforts to maintain support at 1636, HDFC Bank's overall trend appears weak. Traders should closely monitor price action around these key levels to anticipate potential shifts in momentum. Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions. If you found this analysis helpful, please consider sharing, following, or boosting this idea! Your support is greatly appreciated!
NSE:HDFCBANK
by Fight_Bulls_vs_Bear
3
BEL : Key Support & Resistance Levels at Current Price of 286.90NSE:BEL : Key Support & Resistance Levels at Current Price of 286.90 As NSE:BEL trades around 286.90, it shows signs of weakness, and it's essential to focus on the following support and resistance levels for potential trading strategies: Resistance Levels: Immediate Resistance: 295 – This level may act as a barrier for upward movement. Psychological Resistance: 300 – A significant psychological level that traders watch; a breakout above this could attract more buying interest. Key Resistance: 307 – A crucial level for confirming bullish momentum; a strong close above here may indicate a sustained upward trend. Support Levels: Crucial Support: 285 – This key level may provide buying interest. A break below this could lead to further downside. Stronger Support: 275 – Acts as backup support, offering a safety net for traders. Lower Support: 267 – If tested, it would indicate significant selling pressure, warranting close attention. Outlook: BEL appears to be weak at the moment. Holding below the 285 support could lead to further declines, potentially testing 275 and 267. A bounce back above 285 may provide a chance for a retest of 295, but caution is advised given the current weakness. Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions. If you found this analysis helpful, please consider sharing, following, or boosting this idea! Your support is greatly appreciated!
NSE:BEL
by Fight_Bulls_vs_Bear
DXY Set for a Retracement Towards Sell-Side Liquidity - OTE FVGDXY is showing clear signs of a retracement to the daily sell-side liquidity level around 100.215. Price wicked into a higher timeframe (HTF) daily order block near 102.860, and then closed below, signaling bearish momentum. Keep in mind, upcoming high-impact news could affect price action. If price doesn’t respect the order block, it may react to the Fair Value Gap (FVG) around the optimal trade entry (OTE) zone. DYOR
TVC:DXYShort
by INSIDER_INTEL
[Short Term] Symmetrical Triangle Reversal in SYRMAThis chart of SYRMA on the 1-day timeframe shows a Symmetrical Triangle Pattern formation, a pattern typically indicating potential price consolidation before a breakout. Resistance Line (Red Zone): The price has repeatedly been rejected around this downward sloping resistance, as highlighted by the red arrows. The price consistently meets selling pressure at these levels, pushing it back down. Support Line (Green Zone): The price finds support at this upward-sloping line, bouncing back every time it reaches this level, as marked by green arrows. This support forms the lower boundary of the triangle. Pattern Height: The vertical distance between the resistance and support lines is labeled as the Pattern Height. This height is used to project the breakout target by adding it to the breakout point. Breakout Targets: Breakout Initial Target ~ 500+: After breaking above the resistance line, the first target lies around this level. Target 2 ~ 550+: The next price target, following continued bullish momentum. Final Breakout Target ~ 600: The price target, based on the full height of the triangle added to the breakout point. Reversal Target (450+): Before the breakout, the price could reverse and approach this target (~450), where you can decide to either hold or exit positions based on further price action. Entry & Stop Loss: Entry Point: A long position can be considered above the 417 level, as marked in the chart. Stop Loss: The recommended stop loss is set below the 395 level to protect against potential downside risk. This technical analysis indicates a possible bullish breakout if the price can sustain above the resistance level. The Symmetrical Triangle Pattern suggests a neutral consolidation, but a breakout could lead to a strong upward rally towards the mentioned targets. Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
NSE:SYRMALong
by TradZoo
Gold price analysis October 9Fundamental Analysis Gold prices fell sharply on Tuesday following a strong US jobs report and news reports that Hezbollah backed calls for a ceasefire in the conflict between it and Israel. As a result, hints of a possible de-escalation of the Middle East conflict opened the door for traders to take profits. XAU/USD traded at $2,615, down more than 1%. This prompted a sell-off in XAU/USD, which fell more than $35 to an intraday low of $2,604 before buyers took it to the current spot price. Additionally, rising US Treasury yields weighed on the non-yielding metal. The benchmark US 10-year yield remained unchanged above 4%, but has risen more than six basis points this week following last Friday's September Non-Farm Payrolls (NFP) report. Against this backdrop, interest rate traders have adjusted their expectations for the next move by the Federal Reserve (Fed). Most Fed speakers have been gradual in their tone toward easing monetary policy. However, some, like St. Louis Fed President Alberto Musalem, only expect one more cut by year-end after backing a 50 bps cut in September. Technical Analysis The Asian session range that we are paying attention to is around 2603 and 2627. The bottom support zone that the US session touched last night is also known as session support. The resistance zone is a breakout retest zone that the market respects. The upper range converges with the 34 EMA for a good trading plan in the Asian session. In the US session, the price range is wider with the price zone of interest around 2592 and the resistance of 2648 is considered a key price zone to hold the price from long declines.
OANDA:XAUUSD
by TVS-Trader
SiteMinder (ASX: SDR) - Bullish Momentum Towards Buy-Side LiquidAnalysis and Prediction: In this analysis, we observe how SiteMinder (ASX: SDR) has reacted exceptionally well off the monthly order block (OB), providing a strong impulse to the upside. This bullish move confirms the demand and buying pressure at this level, suggesting that price is poised to continue its upward trajectory. On the daily chart, we can see that the price has broken structure (BOS) after tapping into a Fair Value Gap (FVG), further validating bullish momentum. The price respected the FVG upon retesting, offering strong confirmation that buyers are in control, and we anticipate a continuation towards the next buy-side liquidity level. I project SiteMinder to reach a minimum of AU$7.73 as the next buy-side liquidity area. However, after hitting this level, I foresee a potential retracement before resuming its broader upward trend, offering opportunities for both short-term and long-term traders. Given the confluence of signals—price reacting off the monthly OB, respecting the FVG, and breaking structure—we have solid confirmation of bullish momentum in play. Traders should consider this context when planning their entries and exits, with a focus on price action near key liquidity levels. Disclaimer: This is not financial advice. Always conduct your own research (DYOR) before making any investment decisions.
ASX:SDRLong
by INSIDER_INTEL
US100 1.31212 -1.09% SHORT IDEA INTRADAY MULTI TF ANALYSISHELLO TRADERS Hope everyone is doing great 📌 A look at NAS100 from MULTI TIME-FRAME ANALYSIS From the 4H TF * we swept Thursday highs, which was the short term high within the range. * Beautiful rejection forming a wick favouring bearish move. * So seems we may see a reversal before continuation with the bulls. US100 1H TF * Strong bearish rejection. * 1H looking for a push into the - FVG (po3) ✔ to sell intraday . US100 15 TF * Multiple rejection of bullish move. * Looking at the 1H -fvg, this is where I would look for short as we are rejecting upside. * Should this PD ARRAY hold will be Short for the US100. * BASED on the price action served this week. - ASIA HIGHS - DAILY OPEN -TRUE DAILY OPEN - LONDON HIGHS HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
CAPITALCOM:US100Short
by PULEMokhothu
16
S&P bulls maintain control but no initiative yetLast week was characterized by controlled selling, with prices drifting down slowly as the market awaited the unemployment data released on Friday. As we can see on the daily chart, sellers were unable to close the day below the previous day's low, even after a significant sell-off on Tuesday. Once the unemployment data was published, alleviating concerns about a potential recession, the bulls regained control, and the week closed on a positive note. The next key objective for buyers is to break through the resistance around 574.7 . Given that this level has been retested multiple times, it's unlikely to hold. However, we still need to closely monitor the price's reaction to this level and observe what happens immediately after the breakout. The long-term outlook remains bullish. In the short term, there is still a high possibility that prices will continue consolidating within the 565–575 range , as the market remains influenced by political uncertainty in the U.S.
AMEX:SPY
by hermes_trisme
SasanSeifi|Gold Hits New Highs:Can the Bullish Rally Continue?Based on recent price movements, OANDA:XAUUSD has seen an increase in demand, pushing the price to $2,600 and setting a new ATH. Currently, the price is trading around $2,582. In the short term, nearby support levels are between $2,564 to $2,560, and then $2,550. If the price fails to hold above the $2,573 level, we may see a minor correction with a pullback towards these support areas. For now, the medium-term outlook remains more bullish, and after a consolidation phase, the price could potentially rise toward the $2,600 to $2,625 targets. 💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
OANDA:XAUUSDLong
by SasanSeifi
EURUSD Analysis Week 41🌐Fundamental Analysis Fundamental Analysis EUR/USD fell below the psychological support level of 1.1000 in New York trading on Friday. The major currency weakened as an upbeat US (US) Non-Farm Payrolls (NFP) report for September underpinned the US dollar (USD). The US Dollar Index (DXY), which tracks the greenback against six major currencies, surged above 102.50. Following the Fed's decision to cut interest rates, comments from Fed Chair Jerome Powell and his colleagues have indicated that the central bank is more focused on reviving job growth amid confidence that price pressures are on track to return to the bank's 2% target. The US NFP report shows that the number of people seeking employment rose unexpectedly last month. The strong hiring numbers have forced traders to cut market expectations for another big rate cut from the Federal Reserve (Fed) in November. 🕯Technical Analysis Like the GBPUSD margin is being limited on the bearish main H4 candle. The immediate margin for the first days of next week is 1,102-1,095. Any bullish signs early in the week create buying opportunities and signals will be updated soon. The resistance zone that EURUSD is very respectful of at the moment is 1.107 where price, despite breaking out, has retested the previous day's zone when it fell to the present time. The two-month low of 1.090 will help EURUSD escape the prolonged slide of the past week. 📈📉Trading Signals BUY EURUSD zone 1.090-1.088 Stoploss 1.086 SELL EURUSD zone 1.107-1.109 Stoploss 1.111
by TVS-Trader