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WIPRO: PICK OF THE YEARWipro Looks Great with Technical Analysis! There are a lot of hidden reasons for selecting Wipro as the Pick of the Year. Let me show you: First, Wipro and Nifty Ratio Chart This is a hidden Information, and see how chart is taking support Secondly, Wipro and NiftyIT Ratio Chart Again a hidden information and See how Wipro is taking support in this also Both of Above information suggesting a good support after a long time in Wipro And this support can give you the best investment price. Third, watch how Wipro is taking support on Monthly chart It was a resistance trendline where Wipro gave a breakout few years back and now it is retesting those levels, and is consolidating. This can be a good Demand Zone and we can expect a price reversal Also, if you notice the previous Wipro High, It is giving Wipro a Horizontal Support. And the best part is, the level is 0.618 Fibonacci Zone, that too in a Monthly Chart. Fourth, Fundamentals are still great with Profits increasing every year. FIIs and DIIs have increased there stakes in the company last quarter, so this information can be a highlight for us to invest in WIPRO. With all these analysis, I think Wipro can be a very good reversal stock for next few months, and we can see a good up move in Wipro. This all reasons make me pick WIPRO as the PICK OF THE YEAR. What do you think about this idea?
NSE:WIPROLong
by NikunjBangad
7
Confirmation & Time to enter for reversal! (Update to last post)Time Frame: - 4HR analysis - 15min Confirmation for Entry As mentioned in my previous post titled “Clear Head and Shoulders Long or Short term play”, we were waiting for an entry signal into our H&S trade. This signal could come in many ways but in my strategy, once a larger time frame (2Hr-1day) supply zone is hit, I then turn to the lower time frame and wait for a bearish signal (typically a CHoCH (major or minor)) and thereafter identify the LTF supply zone that caused that CHoCH. Reaching that supply zone is our signal to enter and we therefore have a tight and calculated stop loss with a stronger R:R. We have now broken previous structure and are considered in a LTF downtrend (with a lower high and lower low) and can begin our descent toward breaking through the H&S neckline and the important trend line that is holding us up. My trade plan is as follows: Stop Loss – Above LTF Supply zone (higher R:R), Above right shoulder/previous higher high (lower R:R) Take Profit 1 – Neckline of H&S = 8.32 R:R Take Profit 2 – Trendline bounce/break = 12.5 R:R (or 6.6 with higher stop loss)
Short
by ReigningTrades
USDJPY | Perspective for the new week | Follow-upIn Japan, the Bank of Japan's Governor Kazuo Ueda highlighted that underlying inflation remains slightly below the 2% target during a Federal Reserve research symposium. This observation reaffirms the central bank's commitment to maintaining the current monetary policy approach. Despite core consumer inflation in Japan hitting 3.1% in July, companies passing on higher costs have sustained inflation above the 2% target for the 16th consecutive month. Meanwhile, in the U.S., Federal Reserve Chair Jerome Powell's recent speech at the Jackson Hole symposium solidified the Fed's intention to uphold a 'higher for longer' outlook on interest rates and bond yields. This stance is a boon for dollar enthusiasts, especially considering the contrasting economic scenarios. The U.S. economy is exhibiting robust performance, with the latest Atlanta Fed tracking estimate indicating a near-6% annualized growth rate. The widening short-dated yield spreads, which often influence exchange rates, favor the dollar over the Yen in recent weeks. This shift enhances the potential for the dollar to ascend into a higher trading range relative to the Yen. As we navigate the upcoming week, it's crucial to consider these significant market drivers. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is still within the key zone of 146.500, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that has led to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. #USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
HE- Hawaii Power responsible for the fires LONGAs seen on the 2H chart HE has been trending down since July 28th and the recent earnings miss and devastating fires caused by faults in its electric distribution system. There will be lawsuits which will drag on for years. No matter this is a regulatory protected monopoly. It will be rescued by the consumers through the regulators. Price is reversing to the upside. Price is now at or above the POC line of the volume profile I will take a large long trade. If you want my ideas as to a stop loss and targets or the selected call option, please leave a comment. As an aside profits in this trade will be donated to the survivors and victims of this unnatural disaster.
NYSE:HELong
by AwesomeAvani
6
Ethereum -> Is This Still Bullish?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪 If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle. With Ethereum once again retesting massive weekly structure which is now acting as strong support I do expect another weekly bullish bounce from here. Finally you can see that Ethereum is creating bearish market structure on the daily timeframe so it is best to wait for some reversal before a weekly and monthly bounce will be quite likely. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
25
BA VWAP bounce LONGBA on the 1H chart put in a double top. Given the heavy volumes on the volume profile, BA was shorted heavily at the top. Those shorts have rode the profit train down to the mean VWAP. At this point they are buying to cover and taking profit and are joined by new buyers. BA has reversed and pivoted up. the MACD is confirmatory. Volume is adaquate and steady albeit without any spikes. BA is a low mover. Price has about 5% upside to the double top and POC line of the volume profile. This is most suitable for a call option trade to follow this megacap up. Please leave a comment if you would like to query my ideas as to a good option for this trade.
NYSE:BALong
by AwesomeAvani
USDJPY | Perspective for the new week | Follow-upThe USDJPY landscape is a complex interplay of monetary policy divergence between the US and Japan, actively influencing the Yen's weakening. Yet, optimism surrounding the peak of US interest rates introduces an intriguing caveat to the Greenback's ascent. Federal Reserve minutes unveiled this week emphasize a consensus among committee members about "significant upside risks to inflation", amplifying the allure of further tightening. Amid robust economic data – particularly retail sales – a compelling case for heightened tightening unfolds. Meanwhile, market participants exercise caution, mindful of potential FX intervention by the Bank of Japan (BoJ), evoking memories of last year's intervention triggered by similar price action levels. The yen's depreciation heightens vigilance, with traders poised for possible Japanese authority intervention. As attention shifts to Jackson Hole, Wyoming, where top central banks gather annually, all eyes are on Fed Chair Jerome Powell's upcoming speech. Anticipated next Friday, Powell's address is a golden opportunity for insights into the interest rate outlook, potentially laying the groundwork for the Fed's next policy steps. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is still within the key zone of 145.000, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that has led to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
3
Hawaiian Airlines HA Reversal LongHA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with an ascending neckline extension. An anchored VWAP is added. Price is currently in the deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15% upside in the area of the mean VWAP. The second target is the confluence of the July 10 pivot , the ascending neckline of the pattern and 2 deviations above aVWAP ( the thinnest red line) at the area 12.5. This is about 35% upside. I will take this swing long trade and investigate a suitable call option as well.
H
by AwesomeAvani
BTBT reversal pattern from deep oversold territory LONGBTBT on the 15-minute chart hit the dynamic resistance of the upper +1 VWAP line about August 1st and fell in a VWAP breakdown through the mean VWAP while also heavily beating earnings estimates into the underlying dynamic support of the lower -1 VWAP line earlier today. I see this as an early reversal for a long trade setup with the first target the mean VWAP at 17% upside and the second target the pivot highs of August 1st at 35% upside while setting a stop loss @ 2.52. I have profitably traded BTBT in the recent past. I see the opportunity to do so again. If you would like to know my call options contracts on this, please leave a comment. These are very suitable for those with small accounts focused on realtively high potential profits using a very small portion of the account in tight risk management ( Please like an follow)
NASDAQ:BTBTLong
by AwesomeAvani
XAUUSD | Perspective for the new week | Follow-upIn the current scenario, the gold price shows underlying support, but a confident reversal necessitates navigating several crucial filters. Currently, XAUUSD faces selling pressure due to a higher-than-expected US Producer Price Index (PPI) and modest Consumer Price Index (CPI) rise in July. While a recovery attempt has been made, uncertainty persists due to concerns about lingering inflation, especially in rental prices. Though both consumer and producer inflation rose in July, it's insufficient to prompt the Fed's further interest rate hike in September. This environment contributes to a challenging week for gold, with a stronger dollar and elevated bond yields impacting its performance. For a substantial gold reversal, it's crucial to traverse filters, especially in anticipation of US economic indicators like the consumer price index and FOMC minutes. Despite a recent Fed stance against lowering rates, gold's outlook remains promising in the coming week. XAUUSD Technical Analysis: In this video, we delve into XAUUSD's price action, decoding accumulation and distribution patterns. By analyzing historical price moves, market behaviors, and buyer-seller dynamics, we extract insightful cues. The $1,910 level takes center stage. Its historical significance makes it a crucial point. If buying momentum sustains, a bullish week could unfold. However, the $1,910/$1,900 breakdown might trigger a USD-favored sell-off. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more exciting content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
Gold -> Missing The All Time High ChanceHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 Looking at the overall picture you can see that Gold retested the previous all time high which was roughly at the $2060 level and from there just once again rejected towards the downside. With this week's candle it also seems like Gold is breaking a major previous weekly structure level towards the downside so there I as higher chance that we will now see more bearish pressure on Gold. And over the past couple of days there was a quite harsh sellof on Gold without any bullish rejection so there was no bullish setup as I was expecting - I didn't enter any long position and I am just waiting for new structure on Gold before I will look for new potential setups. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
OANDA:XAUUSDShort
by basictradingtv
35
US Oil SPOT | Perspective for the new week | Follow-upIn July, we witnessed a remarkable surge, with oil prices soaring over 14%, marking the most substantial monthly percentage increase since January last year. A perfect blend of tighter supply and surging demand triumphed over concerns about potential interest rate hikes and lingering inflation, igniting economic growth prospects. Adding to the excitement for bulls, OPEC leader Saudi Arabia made a game-changing announcement on Thursday. They have decided to extend their voluntary oil output cut of one million barrels per day (bpd) for an additional month, spanning into September. And that's not all! Russia chimed in, harmonizing with the Saudi move, announcing a hefty reduction of 300,000 barrels per day from its exports. The bulls are certainly in for a merrier ride! The US oil market is embracing this momentum with open arms, hinting at a potential ride up to $86 before facing any noteworthy resistance. But the big question looms—can we seize this golden opportunity and capitalize on this bullish move in the exciting week ahead? US Oil Technical Analysis: In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead. Join us as we delve into a comprehensive technical analysis of the US oil market, exploring trends, key levels, and chart patterns that hold the key to unlocking profitable opportunities. Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
FX:USOILSPOT
by darcsherry
USDJPY | Perspective for the new week | Follow-upThe USDJPY market sentiment is undergoing a captivating transformation, edging from neutral to bearish, with intriguing signs of bullish exhaustion surfacing. The Japanese currency is on the rise, gaining traction as Bank of Japan (BoJ) comments reveal plans to widen the benchmark 10-year Japanese Government Bonds (JGB) from 0.5% to 1.0%. This move has propelled Japanese yields to their highest levels since 2014, sparking anticipation of a potential pivot by the BoJ. However, the Yen remains vulnerable unless the bank takes decisive action. Currently, there's a prevailing perception that the BoJ's hawkish signals and surging Japanese yields might curtail the pair's gains in the foreseeable future. As we journey through the US economy's realm, recent developments have dealt a blow to the bulls. The lower-than-expected increase in Nonfarm Payrolls, with a mere 187,000 new jobs reported in the July jobs report, has significantly impacted investor sentiment. The implications of Fitch's downgrade of the United States government's long-term debt rating further add complexity to the picture. Amidst this intricate landscape, all eyes now turn to the upcoming week, where no high-impact events are expected from Japan's economy. Traders are keenly observing US economic indicators for pivotal signals that could shed light on the likely direction of prices. The BoJ's hawkish stance continues to play a major role in shaping the currency's trajectory. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is within the key zone of 142.000, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that could lead to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
XAUUSD | Perspective for the new week | Follow-upThe precious metal appeared to find strong support, hovering above the crucial $1,930.00 level for most of Wednesday and Thursday. However, things took a thrilling turn after the Non-Farm Payroll data release, as Gold broke out of the $1,993.8 level, setting the stage for a potential reversal ahead. The US Dollar is currently facing headwinds, thanks to a lower-than-expected increase in Nonfarm Payrolls, with only 187,000 new jobs reported in the July jobs report. This economic development has significantly impacted investor sentiment and boosted the safe-haven appeal of Gold, especially given the unpalatable revelation from Fitch's risk rating. As investors keep a watchful eye on the unfolding events, the implications of Fitch's downgrade of the United States government's long-term debt rating are being carefully processed. This situation has the potential to significantly impact the Gold market, adding to the intrigue and excitement as bulls look forward to continued bullish momentum in the upcoming week. XAUUSD Technical Analysis: In this recorded video, we embarked on an in-depth analysis of XAUUSD's price action, focusing on intricate patterns of accumulation and distribution. By dissecting past price movements, interpreting market behaviors, and identifying recurring trends, we gained invaluable insights into the motivations and actions of both buyers and sellers. Our attention was drawn to the key level at $1,930, which holds tremendous importance for the week ahead. It served as a pivotal focal point, and the continued rejection of the $1,930 zone from buyers could set the tone for a bullish momentum in the coming week. Let's replicate the triumphs of the previous week and prepare ourselves to seize the opportunities that lay ahead! With these updates and comprehensive analysis, we are equipped with the necessary tools to make well-informed and strategic trading choices throughout the week. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more exciting content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
GBPUSD | Perspective for the new week | Follow-upExciting times are ahead for the Pound Sterling as it makes a strong recovery during the second half of the previous week, soaring near 1.27800! The market sentiment is on the rise, and the Bank of England (BoE) is signaling a hawkish stance on interest rates, giving the GBPUSD pair even more room to climb higher. The recent interest rate decision saw a 25 basis points increase to 5.25%, fueling the optimism for further gains. In contrast, the US Dollar is facing some headwinds following the release of the US July jobs report, which showed a lower-than-expected increase in Nonfarm Payrolls with only 187,000 new jobs. This has given the Pound Sterling an added boost and raised hopes for continued momentum in the upcoming week. Of course, investors are keeping a close eye on developments as they also process the implications of Fitch's downgrade of the United States government's long-term debt rating. This could have far-reaching effects on the cable market, adding to the intrigue and excitement. GBPUSD Technical Analysis: Will the pound find solid support at $1.27000, or are we heading towards a potential breakdown and a possible sell-off? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the UK and US dockets, including the Consumer Price Index, Gross Domestic Product, Producer Price Index, and Consumer Sentiment Index. Brace yourselves as these events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, meticulously exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. Keep a close eye on that critical confluence at $1.27000, where an ascending trendline intersects in the Daily timeframe. It's a decisive moment where both sellers and buyers are vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results
by darcsherry