SWING IDEA - SHREE RENUKA SUGARRenuka Sugars , a leading sugar manufacturer in India with a strong presence in ethanol production, is showing a promising swing trade setup.
Reasons are listed below :
53 Zone Breakout : The 53 zone, a previously strong resistance, has been breached, indicating potential upward momentum.
Bullish Marubozu Candle on Daily Timeframe : A bullish marubozu candle has formed, reflecting strong buying pressure.
Crossing 52-Week High : The stock is crossing its 52-week high, signaling strength and potential continuation of the uptrend.
Volume Spike : A noticeable increase in volumes suggests strong market participation, further supporting the breakout.
Target - 65 // 75
Stoploss - daily close below 45
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
Priceactionanalysis
Pure Price Action Top Down Analysis of EURUSD2023 saw EU create a bullish opening range in H1, and H2 2023 opened only to raid stop orders from early trading that year before expanding to the upside. This PA created a bullish range which was retraced to the demand zone left in the wake of that previous expansion in April 2024, leaving behind what I suppose should be the low of the year.
The Fiber has since continued bullish but appears to be stalling now in order to gather further internal bullish liquidity (SSL) to garner enough momentum for the move towards the BSL from 2022. Anticipation here is to capitalize on the bullish continuation towards the liquidity above the current dealing range but we are also aware of internal levels price might bounce from before that reversal happens. As EU approaches the nearest demand, we anticipate it could find support there for a retracement of the recent selloff experienced which potentially can be a decent opportunity to go long momentarily.
Ultimately, the lower demand zone below the SSL(1.071) is where we expect to see major longs come in.
Feel free to leave comments, reviews and criticisms, we look forward to building a very strong community of price action wizards with you all.
GLGT,
LloydFx
#NIFTY Intraday Support and Resistance Levels - 17/10/2024Flat or slightly gap up opening expected in nifty near 25000 level. Bullish rally expected if nifty starts trading and sustain above 25050 level. Below 25000 level there will be downside expected upto 24850 level. For today session 24850 level will act as an important support for nifty. Below this level strong downside expected in index.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/10/2024)Today will be slightly gap up opening expected in banknifty. After opening it will face resistance at 51950 level and expected downside from this level upto 51550. This downside can be extend for further 400-500 points in case banknifty starts trading below 51450 level. Any bullish rally only expected in case banknifty starts trading and sustain above 52050 level.
Gold Price Analysis October 16Fundamental Analysis
Gold prices traded in a positive bias for the second consecutive day and maintained intraday gains near the $2,675 region or a three-week high in the first half of the European session on Wednesday. Amid persistent geopolitical risks, disappointment over the lack of details on China’s fiscal stimulus dampened investor appetite for riskier assets. This was evident in the weaker tone in equity markets and turned out to be a key factor in favor of the safe-haven precious metal.
Meanwhile, anti-risk flows led to a further decline in US Treasury yields and provided further support to non-yielding gold. That said, the solid expectations of less aggressive easing by the Federal Reserve (Fed) and bets on a regular 25 basis points (bps) rate cut in November will act as a driver of US bond yields. This, in turn, has lifted the US dollar (USD) to its highest in more than two months and could deter bullish traders from placing fresh bets on the commodity.
Technical Analysis
Gold’s break above 2680 is currently unresponsive. SELL points are in focus around 2684-2686. Above this level, only the 2700 price zone remains. A pullback is increasingly unlikely as the key area of interest will be today’s Asian session low around 2660. Wishing you a successful trading day. A scalping hook around 2670 could be a breakout point as the European session enters but this point is likely to be false
Asian and European trading sessionThe Asian and European trading plan is focused around the resistance zone of 2660, the immediate support zone is around 2656. The important areas of interest after breaking out of the narrow range are focused around 2683 and 2637. Please pay attention to the price reaction around this area to have the best trading strategy today. The US session trading range will be updated soon.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/10/2024)Today will be flat or slightly gap down opening expected in banknifty. For today session 51500-52000 level will act as a consolidation zone of 500 points. Strong upside rally expected if banknifty starts trading and sustain above 52050 level. Any major downside only expected below 51450 level.
Gold Price Analysis October 15Fundamental Analysis
Gold prices found some support near the $2,638 region during the early European session on Tuesday and now appear to have halted its modest pullback from the more than one-week high reached the previous day. Persistent geopolitical risks and fears of a broader conflict in the Middle East turned out to be a major factor providing some support to the safe-haven precious metal.
However, any meaningful upside move in Gold prices appears to remain elusive amid continued buying in the US Dollar (USD), which remains well supported by expectations of a less aggressive easing policy from the Federal Reserve (Fed). Moreover, disappointment over China’s fiscal stimulus measures has failed to boost investor confidence and may have contributed to limiting the upside in XAU/USD.
Technical analysis
Note the US session port area last night around 2660 to set up a SELL signal when the European session cannot break out of that area. Port 2638 is considered an important European session price port when Gold has reacted strongly, when the gold price comes there may be another reaction. The main BUY zone when the US session is expanded to 2630-2628. The extended resistance zone of the US session is expanded to 2668-2670. Wish you successful trading
#NIFTY Intraday Support and Resistance Levels - 15/10/2024Gap up opening expected in nifty near 25200 level. After opening in case nifty gives breakout and starts trading above 25250 level then possible strong upside rally upto 25450+ level in today's session. Downside expected below 25200 level. 25050 level will act a strong downside support for nifty.
Gold Price Analysis October 14Fundamental Analysis
Gold prices rose for a third straight day on Monday, rising to $2,667, or above a one-week high, in early European trading on Monday. Expectations that the Federal Reserve will continue to cut interest rates amid a favorable inflation outlook were the main factor driving flows into the non-yielding yellow metal. In addition, escalating geopolitical tensions in the Middle East also provided additional support for safe-haven bullion.
Meanwhile, U.S. Treasury yields and the U.S. dollar (USD) remained elevated amid rising bets for a less aggressive easing policy from the U.S. central bank. This, coupled with a generally positive risk tone and optimism over China’s commitment to increase debt to revive its economy, could keep safe-haven bullion from gaining any further ground. This, in turn, warrants some caution for bullish traders and before positioning for any further upside amid a partial holiday in the US.
Technical Analysis
With the bank holiday, gold’s range bounds are unlikely to see a strong breakout. The 2665 high is seen as the top zone for today if the price fails to break above this zone by mid-European session. SELL entries can be established around the current price zone and the target level is expected to be around 264x-262x. The 2740 zone remains a strong and notable port zone for today.
NAS100 Price ActionHello Traders,
The market is open, and today I’d like to share a simple yet effective strategy that can help you achieve a risk-to-reward ratio of 1:5, or even up to 1:15.
Start with a higher timeframe – I personally prefer using the 4-hour chart. Identify the swing high (which represents buy-side liquidity) and the swing low (representing sell-side liquidity).
Once the price grabs either the buy-side or sell-side liquidity, switch to a 5-minute or 15-minute chart.
Look for a Fair Value Gap (FVG), which will be your entry point. Set your target at the next swing low, just like I’ve done in this setup.
NOTE - Make sure trades are open or active during London/New York Session!
Even with a 40% win rate, this strategy can put you ahead in the long run.
Good luck, and thank you!
Gold analysis at the beginning of the weekGold has reacted at the retest support zone and given a Buy signal after the Gap. Congratulations to those who have learned about price Gaps and buy signals. Gold prices may return to a strong uptrend after the retest at the beginning of the week. Today is a bank holiday for some important currency pairs, so the currency market may be gloomy and investors will focus more on Gold.
Note SELL scalping 2660 Asian and European session
#NIFTY Intraday Support and Resistance Levels - 14/10/2024Flat opening expected in nifty. Expected opening near 25000 level. After opening if nifty starts trading below 24950 level then possible downside upto 24700 level. Any upside rally only expected if it's sustain above 25000 level in starting session. Upside 25250 will act as a strong resistance in today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/10/2024)Today expected flat opening in banknifty. After opening if banknifty starts trading below 50950 level then possible strong downside expected in banknifty upto 400-500 points. 51000-51500 zone will act as a consolidated range in today's session. Any strong upside rally only expected above 51550 level.
Bitcoin simply doesn’t want to move.Bitcoin simply doesn’t want to move.
As we can see, Bitcoin re-entered the channel again in a bull trap, so as long as the price remains inside the channel, there won’t be any movement we can analyze to predict an upward move.
Let’s see what this week has in store. Hopefully, it breaks out again and this time decides to make the bullish run.
Thank you.
ANALIZING PALANTIR ITS JUST COMMON SENSE... BUT BE VERY CAREFULLLet’s welcome Palantir (PLTR) into the weekend analysis!
As we can see in the chart, today I wanted to do general structure analysis not too specific, as we are practically touching the highest level again in nearly 4 years.
Congratulations to all who bought at $12–16 per share and are still holding Palantir, but as I show in the chart, from point A to point B, it took almost 4 years to reach these levels again.
But here’s my question: WHAT WOULD YOU DO IF YOU BOUGHT AROUND $40 IN 2021?
I’d love to know, as this situation can greatly influence each person’s psychology when making a fundamental decision in trading.
(LEAVE YOUR OPINION IN THE COMMENTS)
I want you to know that I don’t just focus on price analysis. I also study company valuation. Based on a fundamental analysis of its balance sheet and recent moves by PLTR, I’ve concluded that Palantir is currently 171% above its intrinsic value.
In my personal opinion, my decision leans more toward common sense…
What do I mean?
1. Palantir is 171% overvalued.
2. Palantir is diluting its investors like crazy! In every quarterly report.
Do you know what dilution is?
Stock dilution can be harmful to shareholders because the value of each share is reduced, even though the investor holds the same number of shares. This is because the total value of the company doesn’t increase proportionally with the number of shares.
Palantir is an excellent company, although it’s a bit complicated to understand what they do and how they make money. But in my personal opinion, a company that dilutes its investors is nothing but a red flag to me—and a big red flag—because I call this the silent killer for investors.
At this point, PLTR is more on the hype side!
If Palantir reports well in November, we could see the stock above $50 per share, BUT if Palantir reports anything that doesn’t meet investor expectations, any data that falls short… Buckle up!
But how much could it fall? The truth is, I don’t know. But if we base it on technical analysis, I have an important inflection point (purple zone) where I expect the price to bounce after a sharp drop. BUT CAUTION! Only if Palantir doesn’t meet expectations.
An inflection point in trading refers to a critical moment on a price chart where the trend or price direction is expected to change. It marks the transition from one phase of price movement to another, often signaling a turning point in market sentiment or momentum. Traders pay close attention to inflection points as they may indicate a radical trend shift.
Traders use these points to adjust their strategies, such as entering or exiting positions, to capitalize on the expected change in price direction.
BUT WHAT WILL REALLY HAPPEN? I don’t know, maybe this time it will be different—who knows? But the only thing I can tell you is that numbers don’t lie, and neither does price action.
So, I hope the decision you make is the right one!
Thank you for supporting this analysis.
Sending you my best regards!
SWING IDEA - GARDEN REACH SHIP & ENGGarden Reach Shipbuilders & Engineers Ltd ., a leading public sector shipyard in India known for building warships and naval vessels, is showing signs of a potential swing trade opportunity.
Reasons are listed below :
1700 Zone as Strong Support : The 1700 level has acted as a crucial support zone, reinforcing a solid base for potential upside movement.
Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle has formed, indicating increased buying pressure.
Golden Fib Zone : The price is currently bouncing from the golden Fibonacci zone, suggesting potential for further gains.
100 EMA Support on Daily Timeframe : The stock is well-supported by the 100-day EMA, further solidifying the bullish trend.
Target - 2200 // 2510
Stoploss - daily close below 1640
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 - IRB INFRA DEVIRB Infrastructure Developers Ltd ., one of India's leading infrastructure development companies, is displaying technical signals that suggest a swing trading opportunity.
Reasons are listed below :
58 Zone as Strong Support: The 58 level has proven to be a crucial support zone, offering a strong foundation for potential upward movement.
Bullish Engulfing Candle on Daily Timeframe: The formation of a bullish engulfing candle indicates a surge in buying pressure.
200 EMA Support on Daily Timeframe: The stock is receiving solid support from the 200-day EMA, which strengthens the bullish outlook.
Volume Spike: A noticeable increase in trading volumes suggests strong investor interest and potential for a breakout.
Target - 72 // 78
Stoploss - daily close below 57
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
GOOGL we had a breakout, but we didn’t get the strength neededGOOGL: Yes, we had a breakout, but we didn’t get the strength we needed.
We got confirmation that Google exited the yellow channel, which I call "no man's land," but when Google broke out of this channel to the upside, it did so with a candle that wasn’t to my liking.
Double TOP!
After the price tried to go up the first time after the breakout, it made one more attempt to go higher but failed. The price returned to the stagnant channel we had analyzed last week.
The earnings report is approaching. I believe the last two candles give me a lot of hope that Google’s upward run is starting here. However, I would like to confirm on Monday or Tuesday with 1 or 2 bullish candles to confirm that my prediction will indeed take effect.
Even though I'm still bullish on GOOGLE ! Remember, we are very close to the earnings report, which could push Google to glory!
Thank you for supporting my analysis.
Best regards,