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Priceactionanalysis
MDLZ $72.00 - Don't Miss Out on This 18%NASDAQ:MDLZ announced it would like to buy NYSE:HSY which led to a drop to $60. The sell-off came with a high volume and an oversold RSI. The buyers were able to buy the stop up to $61.44 getting it into the support zone. The sell-off did also respect the current bearish channel we're in. From this point on we could see a little bounce or the start of a new bullish phase inside this huge sideways channel.
Our first target would be the resistance at $64.22. If we bounce from this we could see another leg down which is why we should take profit here and move the stop-loss to break-even. If the stock decides to use its momentum for more we could target the area at $73.00. We exit this trade if the stock closes on the daily chart with a candle below the support zone of $60.67.
Resistance / Target Zones:
$64.22
$73.00
Support Zone:
$60.67
Let me know what you think!
AUDUSD ShortAUD/USD remains in a bearish trend, with recent price action aligning with technical and fundamental signals. Traders are watching US PPI data today for potential market-moving insights.
Technical Setup
Using Smart Money Concepts (SMC) and Fibonacci retracement, the 0.71–0.79 Fibonacci zone stands out as a key resistance level, supported by a Fair Value Gap (FVG) from the last swing high. Price is testing the 50% Fibonacci level, creating an opportunity for a short trade.
Trade Plan
Entry: 0.7120 (near the 0.75 Fibonacci level).
Stop Loss: 0.64729 (above the 0.79 Fibonacci level for risk protection).
Take Profit: 0.63378 (targeting below the Fair Value Gap for a clean exit).
Risk/Reward Insights
This setup offers a Risk/Reward Ratio of 1:3, with a risk of 64.7 pips to potentially gain 192.1 pips.
Disclaimer
Trading involves significant risk. Always trade with a clear plan, implement stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—trade responsibly and stay informed.
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AUDUSD ShortAUD/USD remains in a bearish trend, with recent price action aligning with technical and fundamental signals. Traders are watching US PPI data today for potential market-moving insights.
Technical Setup
Using Smart Money Concepts (SMC) and Fibonacci retracement, the 0.71–0.79 Fibonacci zone stands out as a key resistance level, supported by a Fair Value Gap (FVG) from the last swing high. Price is testing the 50% Fibonacci level, creating an opportunity for a short trade.
Trade Plan
Entry: 0.7120 (near the 0.75 Fibonacci level).
Stop Loss: 0.64729 (above the 0.79 Fibonacci level for risk protection).
Take Profit: 0.63378 (targeting below the Fair Value Gap for a clean exit).
Risk/Reward Insights
This setup offers a Risk/Reward Ratio of 1:3, with a risk of 64.7 pips to potentially gain 192.1 pips.
Disclaimer
Trading involves significant risk. Always trade with a clear plan, implement stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—trade responsibly and stay informed.
Follow for more actionable trading insights and strategies!
#NIFTY Intraday Support and Resistance Levels - 12/12/2024Gap up opening expected in today's session. Expected opening near 24750 level. Currently nifty trading in the consolidation zone of 24550-24750 level. 24750-24800 zone act as a strong resistance for nifty. Strong upside rally expected if nifty gives breakout of this resistance zone. Downside 24550 is an important support. Any major downside only expected below this support level.
[INTRADAY] #BANKNIFTY PE & CE Levels(12/12/2024)Today will be slightly gap up opening expected in banknifty near 53500 level. Currently market creating the consolidation zone. After opening if banknifty starts trading and sustain above 53550 then can go for the long side position. Downside possible below 53450 level. 53050 level will act as a strong support for banknifty. Any major bearish rally only expected below this level.
SWING IDEA - VEDANTAVedanta Limited , a leading natural resources company in India, is presenting a strong swing trade setup, supported by key technical signals.
Reasons are listed below :
500 Level Breakout Attempt : After multiple tests, the price is attempting to break out from a crucial level following a tight consolidation near its all-time high.
14+ Year Consolidation Break : The stock is on the verge of breaking a consolidation zone that has persisted for over 14 years, signaling a significant long-term trend change.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe underscores robust buying interest.
EMA Support : Price action is trading decisively above the 50 and 200 EMA, indicating sustained bullish momentum.
All-Time High Breakout : The stock is poised to surpass its all-time high made in 2010, signaling potential for further upside.
Target - 580 // 675
Stoploss - weekly close below 425
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@visionary.growth.insights
Breakout Alert: High-Potential Long Trade Setup in IXIGOIt highlights a descending channel pattern in IXIGO, a common technical analysis formation where price moves between two parallel trendlines sloping downwards.
Key Points:
Resistance (Red Line):
The upper trendline acts as a resistance level where the price faces selling pressure.
It has been tested multiple times, confirming its validity.
Support (Green Line):
The lower trendline serves as a support level where the price typically finds buying interest.
This line also has multiple touchpoints, validating its significance.
Breakout Attempt:
The latest candle shows a strong upward move (+8.87%), attempting to break out of the resistance zone.
Such a breakout might signal a potential trend reversal if it sustains above the channel.
Trading Strategy:
Bullish Case:
If the price sustains above the resistance trendline with good volume, it could indicate the start of an uptrend. Targets can be set using Fibonacci retracement or previous swing highs.
Risk Management:
Place stop-loss below the breakout candle for long positions.
Adjust the stop loss upward as the price progresses to secure profits
#NIFTY Intraday Support and Resistance Levels - 11/12/2024NIFTY will open flat or slightly gap up in today's session. After opening expected upside rally towards the 24750 level and this rally can be extend further for 200+ points in case nifty starts trading above 24800 level. Downside possible if nifty starts trading below 24450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/12/2024)Today will be flat opening expected in banknifty. After opening if banknifty sustain above 53550 level then possible upside rally upto 53950 level in today's session and this rally can be extend for further 400-500+ points in case banknifty gives breakout of 54050 level. Any major downside only expected if banknifty starts trading below 53450 level.