#NIFTY Intraday Support and Resistance Levels - 01/10/2024NIFTY will open gap up in today's session. Expected opening near 26000 level. Possible reversal downside from this level upto 25850. In case, Nifty gives breakdown and starts trading below 25800 level then possible strong downside in today's session. Now upside rally only expected if nifty starts trading and sustain above 26050 level.
Priceactionanalysis
[INTRADAY] #BANKNIFTY PE & CE Levels(01/10/2024)Today will be gap up opening expected in banknifty. Expected opening near 53500 level. After opening possible reversal from this level. If banknifty gives breakdown of 52950 then possible strong downside of 400-500+ points in banknifty. Downside 52550 will act as a support for today's session.
Gold Analysis October 1Fundamental Analysis
Wall Street traded mixed as Federal Reserve Chairman Jerome Powell delivered remarks at the 66th NABE Annual Meeting. Powell ruled out a 50 basis point (bps) interest rate cut at any of the central bank’s remaining policy meetings. Powell said there would be two more 25-bps cuts by 2024 if the economy performs as expected.
The greenback, as measured by the US Dollar Index (DXY), rose 0.15% to 100.56, a drag on the non-yielding metal. A light economic calendar in the US saw the Chicago PMI improve for a third straight month but remain in recessionary territory.
Geopolitical tensions remained high after Israel attacked Hezbollah headquarters in Lebanon, killing the group’s leader in the attack. While this warrants further gains for gold, bullion has failed to gain traction, analysts say.
Meanwhile, China’s economy remains sluggish, which has prompted a government response. The People’s Bank of China (PBoC) is implementing additional economic stimulus measures, which has stimulated money flows into the country’s soaring stock market.
Technical Analysis
A short-term bearish channel is in place, as long as gold remains below the 2643 zone, the downtrend is likely to continue and extend to the 2600 round harbor. Watch for price reaction zones for BUY signals in the 2626-2615-2604 zone. In case of a trend break, the uptrend is limited by the immediate resistance zone 2656.
Trading signals
BUY GOLD zone 2626-2624 Stoploss 2625
BUY GOLD zone 2615-2613 Stoploss 2609
BUY GOLD zone 2604-2602 Stoploss 2599
SELL GOLD zone 2656-2658 Stoploss 2671
SELL GOLD zone 2643-2645 Stoploss 2649
% USDT Dominance is giving us the bigger picture.I have been trying to scalp trade crypto profitable since 2017. After looking at all the wrong places I concluded that TA in USDT Dom chart is the best way to go. Just keeping everything clean and understandable with Price Action in DOM chart you can see the big picture for the market, even on lower TF.
At 1H TF Dom will retest the 5.70% level leading to a market dump the following 10-12 days before it starts to drop and lead the bullish cycle mid/end of October.
Swing Trade Idea: Renuka Sugar | Multi-Time Frame Breakout AnalyIn this video, I present a swing trade idea for Renuka Sugar, focusing on a breakout base pattern using multi-time frame analysis. Watch as I dive deep into the weekly price action and break down key support and resistance levels. This detailed analysis will help you spot potential entry and exit points, ideal for traders looking to capitalize on longer-term market movements. If you're interested in refining your swing trading strategies using price action, this analysis is for you
#NIFTY Intraday Support and Resistance Levels - 30/09/2024Gap up opening expected in nifty near 26280 level. After Opening if nifty started trading above 26300 level then possible strong upside rally of 150-200+ points. Downside possible below 26250 level. 26050 will act as a strong and important support for today's session. Major downside only expected below this level.
[INTRADAY] #BANKNIFTY PE & CE Levels(30/09/2024)Today will be slightly gap up opening expected in banknifty. Possible banknifty will open near 54000 level. After opening if banknifty start trading and sustain above 54050 level then possible upside rally upto 54450+ level in today's session and this rally can extend for further 400-500+ points in case banknifty give breakout of 54550 level. Downside possible only below 53950 level it can be upto 53550 level.
Ethereum just entered an accumulation phase after the breakoutEthereum just broke out of the months-long channel, and in this case, we didn’t see a breakout with strength and volume. However, ETH is entering an accumulation phase and will consequently need to make a decision to break out and rise back to last month's levels.
Just remember that the backbone of all cryptocurrencies is Bitcoin, and if Bitcoin decides to go up, the entire crypto market will rise as a result. So, I invite you to check out my Bitcoin analysis.
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So BULLISH on GOOGLE ! There is a very important price behavior we need to check. I am almost certain that this behavior is the key to an upward movement on the following weeks.
There are several points to consider in order to determine what Google’s next move will be.
EMA CROSS WITH DIVERGENCE: As we can see above, we have an EMA cross with bearish divergence. When there is wide divergence between the two EMAs, it indicates strong movement with momentum.
Now, as we can see, the EMA cross is repeating again but in a bullish direction, and we are just starting to see divergence between the two, adding to the fact that the price has already broken the bearish channel with great force, followed by an indecisive Stacked Candle Channel.
CHANNEL BREAKOUT AND MOMENTUM: The price, after breaking our channel with great strength and in a bullish direction, showed decisiveness. However, right now, it is trapped in a "Stacked Candle Channel," (SCC) which is an indecisive channel where candles are clustered together and of almost the same size. This can also be seen as a pattern that the price sets before making a decision.
The question is: What decision will it make, bullish or bearish?
EARNINGS REPORT: The earnings report is fundamental for companies to inform investors of any changes in their balance sheet that have been reflected. In this case, Google is a company with one of the strongest and most solid balance sheets on the NYSE. Google’s last two reports were extraordinary, and I have no doubt that Google will deliver a good report on October 22nd. But as the price approaches the report date, many will take positions, and we could conclude that Google will have a bull run until the 22nd. From there, it will depend on the report to make a leap toward the 180-190 range.
Let's see what happens!
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SWING IDEA - ENDURANCE TECHNOEndurance Technologies , a prominent player in the auto components industry, is exhibiting technical signals that indicate a potential swing trade setup.
Reasons are listed below :
Break of Flag and Pole Pattern : The stock has broken out of a bullish flag and pole pattern, which is typically a continuation pattern signaling further upward momentum.
50 EMA Support on Daily Timeframe : The stock is holding support above the 50-day exponential moving average (EMA), suggesting that the trend is intact and providing a strong base for potential gains.
Bullish Marubozu on Daily Timeframe : The formation of a bullish marubozu candle on the daily chart indicates strong buying pressure, further confirming the upward movement.
Volume Spike : A noticeable increase in trading volumes signals heightened investor interest and adds credibility to the breakout.
Target - 2820 // 3060
Stoploss - daily close below 2400
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
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SWING IDEA - CEAT LTDCEAT Ltd , a major player in the tire industry, is currently showing technical signals that suggest a potential swing trade opportunity.
Reasons are listed below:
Break of Symmetrical Triangle Pattern : The stock has broken out of a symmetrical triangle pattern, indicating a potential shift in momentum and the beginning of a new bullish trend.
Bullish Engulfing Pattern on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, signaling strong buying pressure and a possible continuation of the upward movement.
Support of 50 EMA on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level for the current trend.
Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the breakout, indicating strong investor interest and participation in the move.
Constant Higher Highs : The stock has been consistently making higher highs, a classic sign of a strong uptrend, suggesting continued momentum in the upward direction.
Target - 3000 // 3170
Stoploss - Daily close below 2575
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - JMFINANCIALJM Financial , a diversified financial services group offering services in investment banking, brokerage, and asset management, is currently presenting a potential swing trade setup.
Reasons are listed below :
120 Zone Resistance Break : The 120 level has acted as a strong resistance since 2018. The price is now attempting to break through this zone, indicating possible continued upward movement.
Bullish Marubozu Candle on Weekly Timeframe : The formation of a bullish Marubozu candle on the weekly chart suggests strong buying pressure and a potential shift towards higher levels.
Massive Volume Increase : The surge in trading volumes supports the price movement, indicating strong market participation.
Constant Higher Lows : The formation of higher lows signals a consistent upward trend, reflecting increasing bullish sentiment.
Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 exponential moving averages, which supports the overall bullish trend and indicates long-term strength.
Target - 150 // 170 // 190
Stoploss - weekly close below 105
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
PSO outlookAs the previous market data is concerned the data for PSO shows us a fall in the price of share i am watching ptice to fall to its weekly support level and the price gauge to 155.68 level of support , as well as the trend is concerned stock is in a bearish trend from weekly to daily to H4 to H1 there is some resistance to bearish trend over H4 TF but main trend is breaish price is also forming a Continuation pattern to the bearish trend i am bearish over next week to 155.88 level of support
XAUUSD | GOLDSPOT | New perspective | follow-up detailThe Federal Reserve delivered a surprise 50 basis point rate cut, sending gold prices skyrocketing past $2,600! 🤯 This larger-than-expected cut underscores the Fed's commitment to maintaining low unemployment as inflation continues to ease. 📉
🚨 Gold prices surged past $2,600, reaching all-time highs as speculation grows that the Fed will keep lowering borrowing costs. Along with rising geopolitical tensions in the Middle East, global central banks are now expected to follow the Fed's path of easing monetary policy and slashing interest rates. 🌍
The Fed’s December 2024 fund rate futures suggest another significant drop, with 53 basis points expected across the final two meetings this year. Markets are now pricing in a 25 bps cut in both November and December.
📅 What’s Next? Looking ahead to next week, key Fed figures like Atlanta Fed’s Raphael Bostic, Chicago’s Austan Goolsbee, and Minnesota’s Neel Kashkari will take center stage. Important data releases, including S&P Global Flash PMIs, housing data, and the Fed’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index, will also play a vital role in shaping the XAU/USD outlook.
🔍 In this video, we analyze the technical structure of the gold chart and key fundamental factors to prepare for next week's trading.
XAUUSD Technical Overview:
This week, we're focusing on the $2,590 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#GoldPrices #XAUUSD #FederalReserve #InterestRates #JeromePowell #RateCuts #MiddleEastTensions #GoldTechnicalAnalysis #FOMC #MarketAnalysis #Inflation #GoldTrading #ForexTrading📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Liquidity keeps piling up drive.google.com
A step by step guide to enter this trade Setup is in the image attached to the link.
It's been a while i did this but here goes !!!
New Signal Alert 🚨
EU
PAIR: EUR/USD (EUROPEAN EURO/UNITED STATES DOLLAR)
SIDE: BUY (INSTANT EXECUTION) once the step by step guide to your entry has been followed to a T.
ENTRY: 1.10925
QP (Quick Profit): 1.11225 (30 pips)
TP 1: 1.11425 (50 pips)
TP 2: 1.11725 (80 pips)
TP 3: 1.12125 (120 pips)
TP 4: Open
STOP LOSS: 1.10800 (12.5 pips)
Use proper risk management & do not over-leverage your account.
Romans 8:25 📜📜
27.09
Gold Price Analysis September 27Fundamental Analysis
Gold (XAU/USD) attracted some sellers over the weekend and fell further from its all-time high, around the $2,685-$2,686 region hit on Thursday. The decline was financed by some buying of the US Dollar (USD), which tends to weaken demand for the commodity. In addition, the bullish market mood, fueled by China’s new stimulus measures, turned out to be another factor driving outflows from the safe-haven precious metal.
That said, expectations of a more aggressive easing policy from the Federal Reserve (Fed) kept the USD confined to a familiar range that has been maintained for about two weeks and within striking distance of the YTD low set last week. This, coupled with the risk of further escalation of geopolitical tensions in the Middle East, should limit losses for Gold. Traders may also prefer to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index.
Technical Analysis
Currently, the trading range of gold is very wide. and Gold can make an ATH at any time during this period. The lower border area is focused on ports 2650 and 2640. The upper area of ATH is focused on the round ports 2690 and 2700. If gold holds above the 2662 hook until the middle of the US session, we can still set up buy orders in this area to the upper resistance areas, and if it breaks 2662, wait for retest and sell to 2650-2640
BUY XAUUSD 2651-2649 Stoploss 2646
BUY XAUUSD 2641-2639 Stoploss 2636
SELL XAUUSD 2688-2690 Stoploss 2693
SELL XAUUSD 2699-2701 Stoploss 2704
GBPJPY : TRADE IDEACup and handle chart pattern
I like to see 193.502 breakout from the previous high and then retracement before entering the market.
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
#NIFTY Intraday Support and Resistance Levels - 27/09/2024Gap up opening expected in nifty near 26300 level. After opening if nifty sustain above 26300 level then possible upside rally upto 26500+ level in today's session. Any downside only expected below 26250 level. 26050 level will act as an important downside support for nifty.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/09/2024)Today will be gap up opening in banknifty. Expected opening near 54500 level. After opening if banknifty starts trading above 54550 level then possible strong bullish rally of 400-500+ points in banknifty. Any downside movement expected below 54450 level. Downside 54050 will act as a strong support for today's session.