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[INTRADAY] #BANKNIFTY PE & CE Levels(27/08/2024)🔔 Bank Nifty Update for Today: 📊 Expected Opening: Opening Level: Slightly flat near yesterday’s close 📈 Potential Upside Movement: Primary Upside Target: 51450+ Extended Upside Target: 51950+ (upon breakout above 51550) Bank Nifty is expected to open slightly flat, near yesterday’s closing level. After the opening, there is a possibility of an upside rally reaching 51,450 or higher. If Bank Nifty breaks out above the 51,550 level, this rally could extend further, potentially reaching up to 51,950. 📉 Support Level: Strong Support: 51000 The 51000 level will act as a strong support for today’s session, providing a key level to watch in case of any downside movement.
NSE:BANKNIFTY
by TradZoo
CHANGE OF CHARACTER + RETEST = BIG SELLHello everyone, hope we are all doing okay ! Just as the heading of this setup states, price Just changed character and is currently retesting the Order block it sold to this point from. I'u be expecting sells during London session tomorrow after I've gotten proper confirmation... Just bringing this setup to your attention in case you're monitoring other pairs. Don't forget to use proper risk and money management before taking any trades.
Short
by LaBOSS_FX
1
#NIFTY Intraday Support and Resistance Levels - 26/08/2024🔔 Nifty Update for Today: 📈 Expected Gap Up Opening: Opening Level: Near 24900 Primary Upside Target: 25050 In today’s session, Nifty is expected to open near the 24900 level. If the index sustains above this level after the opening, we could see a strong upside rally, potentially reaching up to 25050. 📉 Watch for Downside Risks: Critical Support Level: 24850 Major Downside: Only expected if the index falls below 24850 during today’s session.
NSE:NIFTY
by TradZoo
EURUSD analysis week 35🌐Fundamental Analysis EURUSD surged in the North American session after Federal Reserve Chairman Jerome Powell gave the green light to interest rate cuts, as he believes inflation is approaching the central bank's 2% target. The pair traded near 1.120, a recent month high. The week ahead opens with a relatively quiet data schedule, however key inflation data points from both the EU and the US remain in the shadows. US Gross Domestic Product (GDP) growth figures will act as the precursor event on Thursday, but EURUSD traders will focus on a double headline on inflation scheduled for Friday next week. The EU Harmonized Consumer Price Index (HICP) preliminary inflation figures for August are due out next Friday and are widely expected to show that the core EU inflation figures continue to cool towards the European Central Bank’s (ECB) 2% annual target. On the US side, the Personal Consumption Expenditures (PCE) price index will be released on Friday. 📊Technical Analysis: EURUSD has formed a strong uptrend that is the highest in the past month following the latest Fed data. On the D1 timeframe, the EMA 34 is sloping up strongly against the EMA 89, suggesting that the market structure is tilted to the upside with the nearest trading range around 1.127-1.110. With such a strong rally, the upside could extend next week to the resistance at 1.14. Any pullback at the moment is seen as a good time to buy rather than a trend reversal. The best BUY level is around 1.100 strong resistance zone that EURUSD broke through and now forms a strong support zone when the pair price returns. Resistance: 1.127-1.146 Support: 1.110-1.100 🕯Trading signals BUY EURUSD zone 1.127-1.129 Stoploss 1.131 SELL EURUSD zone 1.100-1.098 Stoploss 1.096
by TVS-Trader
Gold keeps the bid bias unchanged above $2,500The short-term technical outlook for Gold price remains in favor of buyers so long as the triangle resistance-turned-support, now at $2,470, holds. Note that Gold price yielded a symmetrical triangle breakout last week while the 14-day Relative Strength Index (RSI) points north above 50. These technical indicators suggest that the bullish potential remains well in place for Gold price. On the upside, should Gold buyers recapture the record high of $2,532, the next relevant topside target is seen at the $2,550 level. Acceptance above the latter could challenge the $2,600 round level en-route to the triangle target, measured at $2,660. If the Gold price correction resumes, the immediate support is seen at the abovementioned triangle resistance-turned-support at $2,470. A breach of the latter will call for a test of the. Further south, the $2,450 psychological barrier will come to the rescue of Gold optimists.
OANDA:XAUUSD
by TVS-Trader
GBPUSD analysis week 35Fundamental Analysis GBP/USD surged in North American trading after Federal Reserve Chairman Jerome Powell gave the green light to interest rate cuts, as he believes inflation is approaching the central bank's 2% target. The pair traded above 1.3200, at a fresh two-year high, up more than 1%. Bets on a 50bps rate cut opening in September have increased after Fed Chairman Jerome Powell, in his speech at the Jackson Hole Economic Conference on Friday, publicly admitted that it was finally time for the US central bank to start pushing down its benchmark interest rate. Next week, GBPUSD traders will want to keep an eye on the upcoming UK bank holiday on Monday. For the rest of the week, UK economic data releases remain limited, although the currency market will pay special attention to the upcoming US Gross Domestic Product (GDP) growth and Personal Consumption Expenditures (PCE) inflation figures due later next week. Technical Analysis: GBPUSD formed a strong uptrend at a two-year high following the latest Fed data. On the D1 timeframe, the EMA 34 is sloping up strongly against the EMA 89, suggesting that the market structure is tilted towards the upside with the nearest trading range around 1.328-1.314. With such a strong rally, the highest the pair can reach next week is around the resistance zone of 1.341. It is quite difficult to find a good SELL point when the market has not reacted to the price at the moment. Any pullback at this point is seen as a good time to buy rather than a trend reversal. The best BUY level is around 1.300 strong resistance zone which GBPUSD has broken through and now forms strong support zone when the pair price returns. Resistance: 1.328-1.342 Support: 1.314-1.300 Trading signals BUY GBPUSD zone 1.300-1.298 Stoploss 1.296 SELL GBPUSD zone 1.342-1.344 Stoploss 1.346
by TVS-Trader
SWING IDEA - PETRONET LNGThis presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Petronet LNG . Reasons are listed below : Breakout of Strong Resistance at 300 : Petronet LNG has successfully broken above a significant resistance level at 300, signaling potential bullish momentum. Bullish Marubozu Candle on Weekly Timeframe : The presence of a bullish Marubozu candlestick pattern on the weekly timeframe suggests strong buying momentum and potential upward movement. Breakout from 6+ Years of Consolidation : The stock has broken out from a consolidation phase lasting over 6 years, indicating a significant shift in market sentiment and potential for sustained upward movement. Trading Above 50 and 200 EMA : Petronet LNG is trading above both the 50 and 200 Exponential Moving Averages (EMA), confirming bullish bias and indicating potential for trend continuation. Support from 0.382 Fibonacci Level : Finding support at the 0.382 Fibonacci level and bouncing back reinforces the bullish outlook and provides a solid foundation for potential upward movement. Trading at All-Time High (ATH) : Petronet LNG is trading at its all-time high, indicating strong bullish momentum and potential for further gains. Constant Higher Highs : The stock consistently forms higher highs, reflecting increasing bullish momentum and reinforcing the potential for further gains. Target - 340 // 380 Stoploss - weekly close below 260 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
NSE:PETRONETLong
by Visionary_Growth_Insights
10
SWING IDEA - BOMBAY BURMAH TRADING CORPBombay Burmah Trading Corporation , a diversified company with interests in tea, coffee, and other sectors, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 1850 Resistance Breakout : The 1850 level has been a significant resistance zone, tested multiple times. The price has finally broken through this level and closed at a new all-time high, indicating strong bullish momentum. Bullish Marubozu Candle on Weekly Timeframe : The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement. Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Sudden Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Target - 2600 // 3000 Stoploss - weekly close below 1690 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
NSE:BBTCLong
by Visionary_Growth_Insights
4
SWING IDEA - ASIAN PAINTSAsian Paints , one of India's largest paint companies, is showing promising technical signals for a potential swing trade. Reasons are listed below: 3000 Zone as Previous Resistance : The 3000 level was a significant resistance zone that the price has now broken and retested, indicating a strong bullish sentiment. Dragonfly Doji on Daily Timeframe : The formation of a dragonfly doji on the daily chart suggests a potential reversal to the upside after testing support, reflecting strong buying interest at lower levels. 50 and 200 EMA Support on Daily Timeframe : The stock is trading above both the 50 and 200-day exponential moving averages, which serve as strong support levels, reinforcing the bullish outlook. Break of 6-Month Consolidation : The stock has broken out of a 6-month consolidation phase, signaling the potential for a new uptrend and increased momentum. Bounce Back from Golden Zone : The stock has bounced back from the golden Fibonacci retracement zone (0.618 level), which often acts as a strong support and suggests a continuation of the uptrend. Target - 3185 // 3420 Stoploss - daily close below 2950 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
NSE:ASIANPAINTLong
by Visionary_Growth_Insights
Gold price analysis August 23☘️Fundamental analysis: Gold prices attracted fresh buyers in the Asian session on Friday, moving away from the weekly lows touched the previous day. Growing acceptance that the Federal Reserve (Fed) will start lowering borrowing costs at its September policy meeting did not help the US Dollar (USD) to capitalize on a decent overnight rebound from weekly lows. However, gold prices remained below the psychological $2,500 level as traders eagerly awaited Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium for clues on the path of interest rate cuts, which could provide fresh directional momentum. In addition, developments surrounding the ceasefire talks between Israel and Hamas will play a key role in influencing the near-term trajectory of XAU/USD, which looks set to post modest losses for the week. ☘️Technical Analysis Gold recovers from the important technical support level of 2470, which is also the support level that I identified for you in the previous analysis. The important price zone that gold is heading towards is 2500. There will be two important cases when the price breaks and does not break out of the 2500 zone. When breaking the 2500 zone and heading towards the resistance zones that gold could not break yesterday. The zones of interest are 2509 and 2513, which are also important today. If it cannot break, it may continue to downtrend. On the contrary, breaking the 2513 zone will head towards 2519 and form an uptrend when trading successfully above 2520. In the opposite direction, the important support zone is the breakout zone of 2485 and the support zone of yesterday's bottom around 2571. If it breaks 2471, 2465 becomes the final support zone. Wish you successful trading Resistance: 2500 - 2509 - 2513 - 2519 - 2530 Support: 2485 - 2472 - 2465 SELL price zone 2500 - 2498 Stoploss 2505 SELL zone 2519 - 2521 Stoploss 2524 BUY scalp price zone 2465 - 2363 stoploss 2460 BUY price zone 2472-2470 stoploss 2468
OANDA:XAUUSD
by TVS-Trader
GBPUSD | Perspective for the new week | Follow-upThe British Pound gains significant traction as the UK Office for National Statistics reports a rebound in Retail Sales for July, with monthly and annual figures rising by 0.5% and 1.4% respectively. This momentum comes ahead of the Bank of England’s (BoE) crucial September monetary policy meeting, where decisions could hinge on the sharp decline in service sector inflation and a surprising drop in the Unemployment Rate, signalling an expanding economy. On the US front, jobless claims continue to fall for the second consecutive week, challenging the earlier Nonfarm Payrolls (NFP) data that suggested a weaker labor market. Market speculation for large rate cuts has eased, yet expectations for a dovish Federal Reserve decision in September remain strong, with policymakers signalling comfort with upcoming interest-rate cuts. With these recent developments, the GBPUSD remains in a volatile state. The rebound in UK retail sales and the positive signals from the US labor market suggests that there is potential for further gains for the British pound. However, the BoE's policy decision and the Fed's stance on interest rates will be key factors to watch in the coming weeks. How will buyers and sellers position themselves in the coming week? GBPUSD Technical Analysis: Will buyers break above $1.29500 next week? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries 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.
by darcsherry
Inverted Head and Shoulder Pattern breakout in DALBHART🔍 Technical Analysis on DALBHARAT (1-Hour Timeframe): Pattern Formation: An Inverted Head and Shoulders pattern has recently formed and broken out on the 1-hour chart of DALBHARAT. This bullish reversal pattern is often a strong indicator of a potential upward movement, particularly after the breakout from the neckline. Breakout and Entry Point: The breakout occurred as the price crossed above the neckline, which was near the 1795 level. This breakout is a key signal for a potential long entry. Traders can consider going long above 1795, anticipating further upward movement. Projected Target: Based on the head height of the pattern, the projected target for this breakout is around 1865+. This target is derived by measuring the distance from the head (the lowest point) to the neckline and adding it to the breakout point. The 1865 level serves as the potential upside target, representing the full price move expected from this pattern. Stop Loss Consideration: To manage risk, a small stop loss can be placed at 1751, which is safely below the neckline and the recent low, allowing some room for market fluctuations without prematurely exiting the trade. Summary: Entry: Above 1795 Target: 1865+ Stop Loss: 1751 This trade setup aligns with the technical structure of the inverted head and shoulders pattern, offering a favorable risk-to-reward ratio for those looking to capitalize on the potential bullish momentum in DALBHARAT.
NSE:DALBHARATLong
by TradZoo
Will the revision of the NFP help support the Gold price?Macro theme: - At the Jul meeting, most policymakers suggested easing policy in Sep would be appropriate if the data aligned with expectations. - Bets on more rate cuts grew after US Nonfarm Payrolls were revised down to 820K, raising doubts about the labor market's resilience to higher rates. - Investors are now waiting for Fed Chair Powell's speech on Friday for guidance on the interest rate outlook, keeping markets stable for now. - Meanwhile, geopolitical tensions in the Middle East continue to drive gold prices higher. Technical theme: - XAUUSD is still trading above the EMA21, indicating solid upward momentum persists. - If XAUUSD extends its gain, we can watch the 2.0 Fibonacci extension, which is around 2555. - On the contrary, if XAUUSD retraces before continuing, we must watch for 2480 and a lower level at 2431 before attempting any go-with-trend trades.
OANDA:XAUUSDLong
by DatTong
SasanSeifi| Mid-Term Bearish Outlook for Dollar Index! (5Day)Hey there, In the 5-day long-term timeframe, the TVC:DXY faced a correction from the supply zone around $106.500. After some minor fluctuations within this range, the price, failing to stabilize above the $106 level, encountered a renewed downtrend from the bearish order block. Currently, a strong bearish momentum is observed, and the midterm outlook remains predominantly bearish. It is expected that, in the midterm timeframe, the price will move toward the identified demand zone, with a potential decline to the corrective target around $99 to $98.73, especially after breaking the $100.600 to $100 range. Once this area is reached, there is a possibility of a positive price reaction. To better understand the future movement of the Dollar Index, it's crucial to closely monitor how the price reacts to these corrective targets. However, if the downtrend continues and the $98 level is breached, and the price stabilizes below it, the next corrective target could be around $97.50 to $96. To better understand the future movement of the Dollar Index, it's essential to keep a close watch on how the price reacts to these corrective targets. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
TVC:DXYShort
by SasanSeifi
Gold Price Analysis August 21☘️Fundamental Analysis Gold prices extended their bullish consolidation above the psychological $2,500 level heading into the European session on Wednesday and remained within striking distance of the record high hit the previous day. Investors appeared to be betting that the Federal Reserve would begin its policy easing cycle and announce 25 basis points (bps) in September. This continued to weigh on US Treasury yields and became a key support for the non-yielding yellow metal. In addition, geopolitical risks, China’s economic woes and a slight decline in global risk sentiment served as a boost for the safe-haven commodity. Investors also appeared reluctant and preferred to wait on the sidelines ahead of the release of the July FOMC meeting minutes. In addition, Fed Chairman Jerome Powell's speech at the Jackson Hole Symposium on Friday will be closely watched for clues on the US central bank's policy path. ☘️Technical Analysis Gold is trading in a narrow range of 2500 and 2532. That is the wide range we can trade when gold breaks out of the sideways range in the Asian session around 2519-2510. Today's key support resistance zone around 2550 and 2476 to ensure that gold's price range does not increase or decrease too much. RSI corrected in the US session yesterday but is still at a relatively high level. If gold fails to close below 2500, it is very likely to create a new ATH in the following days. Resistance: 2527 - 2531 - 2540 - 2552 Support: 2500 - 2495 - 2488 - 2475 - 2470 SELL scalp zone 2528 - 2530 stoploss 2533 SELL zone 2550 - 2552 stoploss 2556 BUY zone 2477 - 2375 stoploss 2471
OANDA:XAUUSD
by TVS-Trader