Priceactionanalysis
[INTRADAY] #BANKNIFTY PE & CE Levels(26/09/2024)Today will be flat or slightly gap up opening expected in banknifty. After opening if banknifty sustain above 54050 level then expected upside rally upto 54450+ level in today's session. Downside rally will be occurs in case banknifty starts trading below 53950 level.
SWING IDEA - HAVELLS INDIAHavells India , a leading electrical equipment company, is presenting a promising swing trade opportunity.
Reasons are listed below :
Breakthrough of Resistance Zone : The 1450-1500 zone has historically been a strong resistance area. The price has broken through, retested, and is now again breaking previous higher highs, indicating a potential upward momentum.
Bullish Marubozu Candle on Weekly Timeframe : A Marubozu candle, which lacks upper and lower shadows, shows strong bullish sentiment, suggesting continued buying pressure.
Breaking a Long Consolidation Phase : Havells India has emerged from a consolidation phase that lasted over 2.5 years, indicating a potential bullish trend ahead.
Trading Above Key Moving Averages : The stock is trading above the 50 and 200 exponential moving averages on the weekly timeframe. This is a strong indication of a prevailing upward trend.
Higher Highs : The stock is forming higher highs, suggesting that it is in a consistent uptrend and may continue to climb.
Trading at All-Time High : While this indicates a bullish outlook, it is important to monitor the price action for any signs of exhaustion or potential pullbacks.
Target - 1900 // 2100
Stoploss - weekly close below 1450
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 - MACROTECH DEVELOPERS (LODHA)Macrotech Developers , a prominent real estate company in India, presents a swing trading opportunity based on its current technical setup.
Reasons are listed below:
1200 as a Strong Support Zone : The 1200 level has been a significant support zone, providing a strong foundation for a potential upward move.
Double Bottom Pattern on Daily Timeframe : A double bottom pattern has formed on the daily chart, which is a classic bullish reversal pattern, indicating the potential for an upward trend after testing the support zone twice.
50 EMA Support on Weekly Timeframe : The stock is finding support at the 50-week exponential moving average, which often acts as a strong support level, reinforcing the bullish sentiment.
200 EMA Support on Daily Timeframe : The 200-day exponential moving average is also providing strong support on the daily chart, indicating the long-term trend remains intact.
0.382 Fibonacci Support: The stock has bounced off the 0.382 Fibonacci retracement level, suggesting that the current price level is a strong support area, and there may be further upside potential.
Target - 1415 // 1600
Stoploss - weekly close below 1100
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 - PVR INOXPVR INOX , a leading cinema exhibition company, is displaying technical indicators that suggest a promising swing trading opportunity.
Reasons are listed below :
1440 Resistance Zone : The 1440 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum.
Bullish Engulfing Candle on Daily Timeframe with Volume : The recent formation of a bullish engulfing candle on the daily chart, accompanied by increased volume, suggests strong buying pressure and potential for further upward movement.
Breaking 5-Month Consolidation : The stock is breaking out of a 5-month consolidation phase, signaling a potential new bullish trend.
Double Bottom Pattern on Weekly Timeframe : The formation of a double bottom pattern on the weekly chart indicates a potential reversal from the downtrend, signaling a bullish outlook.
Bouncing Back from Golden Fibonacci Support : The stock is finding support at the golden Fibonacci retracement level (0.618), a key area where prices often bounce back, indicating potential for an upward move.
Target - 1560 // 1720 // 1825
Stoploss - daily close below 1330
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 - HEGHEG, a key player in the graphite electrode industry, presents a strong swing trading opportunity
Reasons are listed below :
1950-2000 Strong Support Zone: This zone has proven to be a reliable support, making it a crucial level for price stability.
Bullish Engulfing Candle on Weekly Timeframe: A clear sign of buying strength, indicating potential for a bullish move.
Cup and Handle Pattern Breakout and Retest: A textbook breakout followed by a successful retest, signaling potential upward momentum.
50 EMA Support on Weekly Timeframe: The stock is supported by the 50-week EMA, adding to the bullish bias.
Target - 2400 // 2740
Stoploss - weekly close below 1900
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
Gold Price Analysis September 25Fundamental Analysis
Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve.
Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors.
The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices.
Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal.
Technical Analysis
Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone
Trading signals
BUY GOLD zone 2650 SL 2645
BUY GOLD zone 2640 SL 2635
SELL GOLD zone 2670 SL 2675
SELL GOLD zone 2680 SL 2685
#NIFTY Intraday Support and Resistance Levels - 25/09/2024Flat opening expected in nifty. After opening it will face strong resistance in between zone of 25950-26000 level. Strong upside bullish rally expected in case nifty starts trading above 26000 level. Downside 25800 level will act as an important support for today's session. Any major downside only expected below this support level.
UsdJpy moving down on retracement.Looking for Impulse Down.
UsdJpy break out TL and will start to move down soon on retracement. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
#NIFTY Intraday Support and Resistance Levels - 24/09/2024Today nifty will open near 25950 level. After opening it will face strong resistance in between zone of 25950-26000 level. Strong upside bullish rally expected in case nifty starts trading above 26000 level. Downside 25800 level will act as an important support for today's session. Any major downside only expected below this support level.
XAUUSD : WAITINGThe price of gold is rising every ten years.
2000 ATH in 2011;
2020 ATH in 2074;
2023 ATH in 25XX
If level 2543-46 is rejected, I plan to long USD until the US election around 2413.75 & 2277.17, and then hunt for opportunities to buy gold.
**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
GBPUSD : SWING TRADE IDEA
I want to go long USD starting around 1.3380 and 1.34590, fundamentally similar to the eurusd fed cut last week.
1.25925 is my first aim.
**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
EURUSD : SWING TRADE IDEAI plan to go long USD starting at level 1.11601 with a stop loss at 1.2050 following last week's Fed cut.
My first target level is 1.08762.
**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
Breakout Strategy: Swing Trade Opportunity with Price Action.This swing trade idea focuses on breakout setups, using price action to identify key levels. When price breaks through support or resistance, it signals a potential trend continuation. The strategy aims to capitalize on momentum after the breakout, with clearly defined entry, stop-loss, and target levels for effective risk management.
stock name: VIPIND
#NIFTY Intraday Support and Resistance Levels - 23/09/2024Today nifty will open gap up near 25950 level. After opening it will face strong resistance in between zone of 25950-26000 level. Strong upside bullish rally expected in case nifty starts trading above 26000 level. Downside 25800 level will act as an important support for today's session. Any major downside only expected below this support level.
BTC Let's wait for the breakout at 64-65k range. LOOKING GOOD !First of all, I want to be very clear that all the checkmarks are the predictions we have been making over these past few months. Each checkmark is a confirmation that the price moved on our side.
To verify this, you can visit my Trading View page and check my analysis history, which I’ve shared with you every weekend.
Now, let's get into the Bitcoin analysis:
If we look at the overall structure of BTC, it is simply a descending range, but if we zoom in, the inefficiency zone has always been an important trigger for Bitcoin's structure, even when bearish. What I mean is that every time it touches the inefficiency zone, Bitcoin surges upward strongly. If you look closely, the largest bullish candles appear in the inefficiency zone. It is also where a head-and-shoulders pattern was formed, but when it touched a demand zone, the price shot up like foam, just as we had predicted.
It’s simple... If we can see the overall structure, we have a very important 'KEY ENTRY POINT' (KEP) on the bottom left side to consider, and that same 'KEP' is the area Bitcoin has been respecting frequently.
So, we can conclude in this analysis that, as Bitcoin has respected the entire bearish sequence of our trend channel 1, 2, 3, and 4, point #5 was key for retesting our 'KEP' at position #6 and then surging strongly to the inefficiency zone, resulting in a small natural pullback to accelerate the price and almost hit our resistance point #7.
But what will happen now?
NOTE: If there’s no breakout, there’s no party!
I’ll present you with two scenarios (Bearish and Bullish) that Bitcoin may follow this week:
Bearish Scenario: If there is no breakout, there’s no party! The price will simply validate our point #7, reject it, and continue the bearish sequence of the channel. We can distinguish this based on the volume and the strength of the candle (keep a close eye on that).
Bullish Scenario: The price is about to validate point #7. If starting on Monday, we begin to see strong bullish volumes in Bitcoin, you can be certain that Bitcoin will break the channel. Consequently, we could see a new high after the breakout, followed by a pullback that returns to what was the channel's resistance (now support), and from there, a structural breakout or a new high.
I call this pattern N3.
The simple fact that the price breaks out and the full candle is outside of my channel, I consider it a genuine breakout.
So let’s hope it happens this week.
Regards, and thanks for supporting my analysis!"
SHIBUSDT PERPETUAL is now moving in uptrend!SHIBUSDT PERPETUAL is now moving in uptrend!
RESISTANCE is between 0.000014648 and 0.000014414
SUPPORT is between 0.000013153 and 0.000012713
RESISTANCE IS broken and price coming for retest.
ENTRY POINT :- 0.000014638
TAKE PROFIT :- 0.000015350
STOP LOSS :- 0.000014170
GOOGLE THis is what i call SOLID DESICION !! Finally, Google breaks the bearish channel! And we are still at an excellent buying price!
If you're in for the long term with Google:
This is what we call a SOLID DECISION! Despite the recent bad news Google has faced, like lawsuits and other security issues, fundamentally, Google has always shown strength: 0 debt, solid sales and earnings, and, best of all, it’s an innovative company. With an intrinsic value of $180 per share, it’s definitely a long-term buy.
My advice always: forget the news; the numbers speak for themselves! One of the most solid financial statements in the market at a great price.
Now, let's move on to the technical analysis of Google:
Finally, Google breaks the bearish channel with great strength, after respecting our inflection zone (blue zone). As you can see, the price has respected this zone significantly. I’ve been analyzing Google and its rebounds in this zone for months, and we've been forecasting each movement based on the buyer pressure volume when touching this critical area.
In this case, I’ve drawn a vertical line, indicating we're getting closer to Google’s next earnings report. In my opinion, the price will pull back around the $187-$168 range before continuing its bullish trend.
Remember, as Google’s earnings report approaches, we’ll likely see a significant price increase.
Key point: This earnings report will be crucial for Google to move closer to $191, obviously if the report is favorable, but let’s not get ahead of ourselves. First, we want it to pass the point of interest around $168.
Let’s see what Google has in store for us this week...
Thank you very much for supporting my analysis!
SPY LOVERS ! NEW ALL TIME HIGHS But be very careful ! Check hereFINALLY HERE ! NEW ALL TIME HIGHS !
But wait!!! do you really Trust those 2 last Dojis ?
Here are 2 quick scenarios to analyze for the week:
Scenario #1 (Green Line): The price may pull back to bounce off the order block zone I have marked in white, which we know as the institutional block where there was a lot of liquidity.
I call this pattern in my trading system "N3" as it consists of 1 breakout + 1 pullback + 1 trend decision.
Scenario #2 (Red Line): Always considering our active order block zone, the price may break through the block with strong momentum, confirming another pullback or bearish market for several days. In this case, AGAIN, the price could fall back to our buyer pressure zone (blue zone), where higher buying pressure volume has been shown. NOTE: All of this depends on the bearish strength the market carries; we can tell if the market will break downward by simply observing bearish volumetric candles or seeing a lot of active bearish volume.
But for now, we can't do anything as long as the price remains within our bullish channel, which we'll keep monitoring throughout the week!
The decision will become very clear once the price makes the choice to break out of my bullish channel.
Best regards, and a million thanks for supporting my analysis!
EURUSD week 39 analysis🌐Fundamental Analysis
EUR/USD faced selling pressure above 1.1150 during North American trading hours on Friday. The major currency pair fell as the US dollar (USD) recovered. The US Dollar Index (DXY), which measures the greenback's value against six major currencies, rebounded sharply to near 101.00
However, the overall outlook for the US dollar remains uncertain, following the Fed's aggressive rate cut and growing market expectations that the US central bank will continue its aggressive policy easing cycle. The Fed cut interest rates by 50 basis points (bps) as policymakers appeared to focus on restoring strength in the labour market as inflation eases to the bank's 2% target.
In terms of interest rate guidance, Fed policymakers see the federal funds rate heading towards 4.4% by year-end, according to the latest dot plot. However, traders expect a further 75 bps cut to 4.00%-4.25%, according to the CME FedWatch tool.
🕯Technical Analysis
The EURUSD uptrend has seen some minor corrections but the buying pressure remains strong, so the immediate price range the pair faces next week is around 1.222 and 1.112. The highest measured Fibonacci extension of 1.618 will be around 1.126 and a retracement of the strategic support zone of 1.108 will keep the pair from a long slide.
📈📉Trading Signals
SELL EURUSD zone 1.126-1.128 Stoploss 1.130
BUY EURUSD zone 1.112-1.110 Stoploss 1.108
SWING IDEA - JAMMU AND KASHMIR BANKJ&K Bank is currently showing several technical indicators that suggest a potential swing trade opportunity.
Reasons are listed below :
105 Zone as Strong Support : The 105 level has proven to be a significant support zone, providing a strong foundation for potential upward movement.
Bullish Engulfing Candle : A bullish engulfing candle that engulfed 29 daily candles has formed, indicating strong buying pressure and a potential reversal of the recent downtrend.
Sudden Spike in Volume : A noticeable increase in trading volumes confirms the strength of the price move, suggesting strong investor interest and participation.
0.5 Fibonacci Support : The price is bouncing off the 0.5 Fibonacci retracement level, suggesting a healthy pullback and resumption of the uptrend.
Target - 135 // 150
Stoploss - Daily close below 104
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