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Join My Bullish EUR/GBP Journey!Hey Traders! Today, I'm excited to share my bullish trade idea on the EUR/GBP currency pair. As we navigate through the current market dynamics, I believe there are several key fundamentals supporting this upward bias. Current Market Fundamentals - Economic Indicators: The upcoming release of the Confederation of British Industry (CBI) retail sales data is anticipated to show positive trends, which could strengthen the GBP. A robust consumer spending report can create a favorable environment for the Euro to gain against the Pound. - Market Sentiment: Recent bullish candlestick patterns on the H4 chart suggest a potential reversal in the EUR/GBP pair. The price is currently hovering near the middle Bollinger Band, indicating a possible breakout. - Technical Setup: The pair is trading between the 23.6% and 38.2% Fibonacci retracement levels, suggesting consolidation with potential for upward movement. This technical setup aligns with my bullish sentiment. Utilizing Probabilities for Positioning In my trading strategy, I emphasize the importance of probabilities to make informed decisions. Here’s why: - Statistical Edge: By analyzing historical price movements and current market conditions, I can identify patterns that have a higher likelihood of repeating. This statistical approach helps me gauge potential outcomes more effectively. - Risk Management: Using probabilities allows me to set realistic targets and stop-loss levels, ensuring that I manage risk while maximizing potential gains. For instance, if historical data shows a 70% success rate for bullish movements after similar setups, I can confidently position myself for long trades. - Adaptability: Markets are dynamic; therefore, employing a probabilistic mindset enables me to adapt my strategy based on real-time data and changing conditions. This flexibility is crucial in maintaining an edge in trading. Conclusion With a bullish bias on EUR/GBP backed by solid fundamentals and a robust technical setup, I am ready to position myself for long trades using probabilities as my guiding principle. Let’s keep an eye on the upcoming economic data releases and market movements that could further validate this trade idea. Feel free to share your thoughts or any questions you may have! Happy trading! 1M: 2W: 2H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
Long
by Jasminex1x2
1
SWING IDEA - KEC INTLKEC International , a key player in the infrastructure sector, is presenting a swing trade opportunity with strong technical indicators. Reasons are listed below : 950 Zone Tested Multiple Times : The price has tested the 950 resistance zone multiple times, and it is now breaking out, signaling potential for an upward move. Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle on the daily chart shows strong buying momentum, indicating a possible continuation of the upward trend. Spike in Volumes : Increased trading volume supports the breakout, confirming strong market participation and investor interest in the stock. All-Time High Close : The stock closed at an all-time high, which is a bullish signal and suggests potential for further gains. Target - 1070 Stoploss - daily close below 880 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:KECLong
by Visionary_Growth_Insights
SWING IDEA - MEGASOFTNSE:MEGASOFT 's stock price has been retesting around the 50 resistance level for approximately one and half years. Following multiple retest, the stock finally broke out above this level in December 2023 and has since established it as a key support. The stock subsequently surged to a peak of 107, representing a 104% increase. However, it then experienced a sharp correction, plummeting 50% to revisit the 50 support level again. This pivotal point, formerly a resistance, has now become a robust support. Currently, MEGASOFT is exhibiting an upward momentum, poised to retest its swing high at 107. The weekly MACD crossover, occurring after the establishment of support at 50, indicates a bullish trend reversal. Immediate Short Term Target as mentioned in the chart with a potential to reach 13% from current Price Point is also observed. KEY OBSERVATIONS: - One year resistance level of 50 broken in December 2023 - Stock surged 104% to 107 before correcting 50% - 50 level now serves as robust support - Weekly MACD crossover indicates bullish momentum - Upward momentum poised to retest swing high at 107 RECOMMENDATION: Based on this technical analysis, I would recommend holding MEGASOFT for a Long Term horizon. This could potentially yield: - 37% returns from the current price (as of writing) - 104% returns from the support point (50) This analysis highlights a compelling buying opportunity in MEGASOFT, driven by its breakout and momentum reversal. IMPORTANT NOTE: Investors should be aware that there is a possibility that the stock may revisit this Support level at 50 in the near future before resuming its upward momentum towards the swing high at 107. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly. DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
NSE:MEGASOFTLong
by thepranam
SWING IDEA - BAJAJ FINSERV Bajaj Finserv , a prominent player in financial services, presents a compelling swing trade setup. Reasons are listed below : Symmetrical Triangle Breakout and Retest : The price has recently broken out of a symmetrical triangle pattern and successfully retested, signaling a strong support level. Consolidation Break : A significant 3+ year consolidation phase has been broken, indicating potential for a sustained upward move. 0.618 Fibonacci Support : The price is holding above this key Fibonacci level, suggesting strong buyer interest at current levels. EMA Support on Weekly : Trading above the 50 and 200 EMAs on the weekly timeframe reinforces the bullish sentiment and strengthens support levels. Target - 1900 // 2030 // 2200 Stoploss - weekly close below 1635 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:BAJAJFINSVLong
by Visionary_Growth_Insights
SWING IDEA - HDFC LIFE INSURANCE HDFC Life Insurance , one of India's leading life insurance companies, is showing strong technical signals for a swing trade. Reasons are listed below : 750 Zone Breakout : This level has been tested several times and the stock is now poised to break out, indicating potential upward momentum. Breaking Consolidation Zone of 3.5+ Years : The stock is emerging from a prolonged consolidation phase, which could signal the start of a new bullish trend. Highest 52-Week Close : It recently achieved its highest close in the past 52 weeks, reflecting strong market sentiment. Trading Near All-Time High : The price is approaching its all-time high, showing that the bullish momentum is intact. Trading Above Weekly 50 and 200 EMA : This reinforces the positive outlook, with the stock maintaining its position above key moving averages. Target - 870 // 990 Stoploss - weekly close below 660 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:HDFCLIFELong
by Visionary_Growth_Insights
SWING IDEA - SHEELA FOAMSheela Foam , a key player in the Indian mattress and foam market, presents a potential swing trading setup. Reasons are listed below : 800-850 Support Zone : This strong support level is holding, indicating possible resistance to further downside. Bullish Hammer Candle on Weekly Timeframe : This pattern suggests a reversal of bearish momentum and renewed buying interest. Gradual Rise in Volumes : Increasing volumes support the potential for a sustained upward move, reflecting growing investor interest. Target - 1060 // 1290 Stoploss - weekly close below 780 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:SFLLong
by Visionary_Growth_Insights
Trade Review - UPST Added UPST to the watchlist on October 27 due to a bullish continuation pattern on the daily chart. A quick look at the higher timeframe showed that the price was near the upper extreme of its range, with an earnings report date approaching as a precaution. I closed the position within the measured move range (based on the assumption that the stock would maintain a similar range and volatility). However, expect that events or shifts in market behavior can move prices short of / outside this projection. Trade Overview • Structure: Bullish Continuation (D) / Range (W) • Position: Near Mean (D) / Inside Range (W) • Entry Trigger: Failed Breakdown (BIR) at EOD Entry Details • Entry Price: 50.26 • Stop Price: 45.41 (1.7 ATR) • Target Price: 72.24 • Expected Risk/Reward: 4.55 R Exit Strategy • Exit Price: Closed 80% at 1R and rest into 72.24. Precaution into ER.
NASDAQ:UPSTLong
by Market-Core
SWING IDEA - WIPROWipro , one of India's leading information technology companies, is displaying technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 550 Zone Breakout : The 550 level has been a significant resistance zone, and the price has recently broken out above this level, indicating strong bullish momentum. Cup and Handle Pattern Breakout : The price has broken out of a cup and handle pattern, a bullish continuation pattern that suggests potential for further upward movement. Bullish Breakthrough Candle on Daily Timeframe : The formation of a bullish breakthrough candle on the daily chart indicates strong buying pressure and further supports the bullish case. Breakout of 2+ Year Consolidation Zone : The stock has broken out of a long consolidation phase lasting over two years, signaling a potential new bullish trend. Support on 50 and 200 EMA on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels. Target - 640 // 725 Stoploss - weekly close below 490 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:WIPROLong
by Visionary_Growth_Insights
6
SWING IDEA - INDIGO PAINTSIndigo Paints , known for its innovative product offerings in the Indian paint industry, is displaying promising technical indicators for a swing trade. Reason are listed below : 1600-1650 Resistance Zone : This significant resistance level, tested multiple times, is now possibly ready for a breakout, suggesting upward momentum. Bullish Engulfing Candle on Weekly Timeframe : The strong bullish candle reinforces buyer interest and strength. Breaking 2.5+ Years of Consolidation : The stock is moving out of a prolonged consolidation phase, hinting at a potential long-term trend change. Trading Above 50 and 100 EMA on Weekly Timeframe : This indicates sustained bullish strength, with price action above critical moving averages. Target - 1950 // 2250 Stoploss - weekly close below 1400 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:INDIGOPNTSLong
by Visionary_Growth_Insights
SWING TUTORIAL - ABSLAMCIn this tutorial, we analyze the stock NSE:ABSLAMC (Aditya Birla Sun Life AMC Limited) identifying a lucrative swing trading opportunity following its all-time high in Oct 2021. The stock declined by nearly 57%, forming a Lower Low Price Action Pattern, but subsequently reversed its trend. At the same time, we can also observe the MACD Level making a contradictory Pattern of Higher Lows. This Higher Low Pattern of the MACD signaled the start of a Bullish Momentum, thereby also signaling a good Buying Opportunity. The trading strategy yielded approximately 114% returns in 63 weeks. Technical analysis concepts used included price action analysis, MACD, momentum reversal, trend analysis and chart patterns. The MACD crossover served as the Entry Point, with the stock rising to its Swing High Levels of 720 and serving as our Exit too. As of wiring this tutorial, we can also notice how the stock is making a breakout and retest of the Swing High levels and trying to continue its momentum further upward trying to make a new All Time High. KEY OBSERVATIONS: 1. Momentum Reversal: The stock's price action shifted from a bearish to a bullish trend, indicating a potential reversal. 2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure. 3. MACD Crossover: The successful crossover in May 2023 confirmed the bullish trend, creating an entry opportunity. TRADING STRATEGY AND RESULTS: 1. Entry Point: MACD crossover in May 2023. 2. Exit Point: Swing High Levels - 720. 3. Return: Approximately 114%. 4. Trade Duration: 63 weeks. TECHNICAL ANALYSIS CONCEPTS USED: 1. Price Action Analysis 2. MACD (Moving Average Convergence Divergence) 3. Momentum Reversal 4. Trend Analysis 5. Chart Patterns NOTE: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing Price Action, MACD movements, and Reversal patterns, traders can pinpoint potential entry and exit points. Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NSE:ABSLAMCEducation
by thepranam
Trade Review - SYMI plan to be more active and share my trades and insights regularly. Information I swing trade with focus on stock with short term momentum. My trades are identified through a two-step screening process. I use a passive screener outside of market hours to manually select stocks based on structure and position, to allow preparation and prevent too many options. At market open, I run an active screener to track for movement within the watchlist, as timing and momentum in selected stocks can be unpredictable. This allows me to be time efficient, I require no more than 20-30 minutes per open session. Identified through my passive screener outside of market hours, this stock showed an initial momentum move to the upside on the daily timeframe, followed by consolidation near the mean price - a setup conducive to continuation. I occasionally check a higher timeframe (weekly) for context; in this case, it made a overextension to the downside which could follow with a pullback toward the mean (or not). The aim here isn’t to predict but to take a bet / capitalize on potential imbalances when they appear. Thus it was added to the watchlist. At market open, this stock appeared on my active scanner, and when it reached 24.60, I entered as a clear range expansion was forming. I typically scale out at 1R and hold the remaining position for a measured move (projected from the prior momentum move). While the approach is straightforward, I occasionally adjust based on real-time conditions, as seen in this example. Execution details are shown below. Trade Overview • Structure: Bullish Continuation (Daily) and Bearish Pullback (Weekly) • Position: Near mean price (Daily) and extended from mean price (Weekly). • Entry Trigger: Range Expansion Entry Details • Entry Price: 24.60 • Stop Price: 22.07 • Target Price: 34.32 • Expected Risk/Reward: 3.84 R Exit Strategy • Exit Price: Closed 50% at 29.84 and 25% at 29.45. Performance Summary • Result: Price have moved 20.53% with a profit of 2R, trailing 25% with a near SL. I wrote a bit more than usual for this review since it's my first review post, but the real approach itself is quite simple. Future posts will be more concise.
NASDAQ:SYMLong
by Market-Core
HCL Technologies Ltd Daily Chart Analysis The daily chart of HCL Technologies Ltd illustrates an upward trend with strong support levels and clear resistance areas, showcasing both bullish momentum and potential pullback scenarios. Key Observations: 1.Trend Analysis: The stock price is in an overall uptrend, consistently making higher highs and higher lows. It is supported by a well-defined ascending trendline and is trading above the 200 EMA, which is a bullish indicator. 2.EMA Levels: The 13, 48, and 200 EMAs are aligned in a bullish configuration, indicating continued strength. The price’s proximity to the EMAs will be a key indicator of short-term trends. 3.Volume Behavior: There is a healthy volume trend with spikes during up moves, suggesting interest and accumulation during bullish days. 4.Resistance and Support Zones: • Resistance: The resistance zone around ₹1,888.50 - ₹1,889.30 represents a key hurdle. A sustained move above this level, accompanied by strong volume, could confirm a bullish breakout and indicate further upside potential. • Support: The primary support level lies around ₹1,719.00. A breakdown below this level could lead to a more significant pullback, possibly retesting previous lows or consolidating around the 200 EMA. 5.RSI Indicator: The RSI is currently around 55.27, indicating mild bullish momentum without being overbought. An upward move in the RSI beyond 60 could further validate any price strength and potential for breakout scenarios. Potential Scenarios: • Bullish Scenario: A breakout above the ₹1,889 resistance zone with strong volume could propel the stock higher, targeting further resistance levels around ₹2,000 and beyond. • Bearish Scenario: If the price is unable to break above resistance and reverses, it may test support around ₹1,719. A breakdown below this level could signal a potential trend reversal or consolidation phase. Impact of Macro Events (e.g., US Elections): The outcome of significant macroeconomic events, such as the US elections, could influence IT sector stocks, including HCL Technologies. Favorable policies, market stability, and global business sentiment may drive higher demand for IT services and lead to a bullish impact. Conversely, any policy uncertainty, geopolitical tensions, or economic disruptions could lead to increased volatility, potentially affecting the stock’s upward momentum. Summary: HCL Technologies is currently at a key resistance level. A breakout above ₹1,889 may signal further bullishness, while a rejection and breakdown below ₹1,719 could prompt caution. Traders should watch volume and price action closely, along with any macroeconomic news that might impact the broader market sentiment. Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading or investment decisions.
NSE:HCLTECHLong
by tintinhawk
Central Depository Services (I) Long positionCentral Depository Services (I) Ltd Daily Chart Analysis This daily chart of Central Depository Services (I) Ltd (CDSL) reveals key market movements and a clear ascending trendline support that has provided a strong base for the stock’s recent upward movement. Key Observations: 1.Ascending Triangle Pattern: The chart shows an ascending triangle pattern, characterized by higher lows connecting through a rising trendline and a relatively horizontal resistance zone near ₹1,660.20 - ₹1,664.40. This pattern typically suggests a continuation of the existing uptrend with a potential breakout. 2.EMA Levels: The stock price is above the 13, 48, and 200 EMA levels, which supports the bullish sentiment. The moving averages act as a dynamic support zone, indicating strong buying momentum. 3.Volume Trends: The volume shows periodic spikes, suggesting accumulation. A volume surge during an upward breakout above ₹1,660 - ₹1,664 could confirm the strength of the breakout. 4.Resistance and Support Zones: • Resistance: The key resistance levels to watch are around ₹1,660.20 and ₹1,664.40. If the price breaks out above these levels with strong volume, it could lead to a significant upward move. • Support: The immediate support level lies at ₹1,560.55, aligned with the ascending triangle’s support trendline. A break below this level may result in a corrective phase or consolidation around ₹1,486.65. 5.RSI Indicator: The RSI is around 58.93, indicating bullish momentum but not yet in overbought territory. A move above 60 would further strengthen the bullish sentiment. Potential Scenarios: • Bullish Scenario: A sustained breakout above ₹1,664 with strong volume may push the stock toward higher resistance zones, potentially targeting ₹1,750 and beyond. • Bearish Scenario: A failure to break above the resistance levels and a drop below ₹1,560 could lead to a pullback toward the support levels around ₹1,486. Impact of US Elections: The outcome of the US elections can influence global market sentiments, including Indian equities. A favorable or market-friendly outcome (e.g., policies encouraging global trade, fiscal stimulus, or economic stability) could trigger bullish momentum in international markets, including CDSL, especially if investor sentiment turns risk-on. Conversely, market uncertainties or potential negative impacts on global trade and investments could weigh down sentiment, causing increased volatility and possibly stalling upward momentum for stocks like CDSL. Summary: CDSL is currently showing a bullish pattern with an ascending triangle. The upcoming breakout or rejection from the resistance levels will likely set the direction for the stock. Traders should monitor volume, price action, and global macroeconomic influences, including the US election outcomes, to gauge market sentiment accurately. Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading or investment decisions.
NSE:CDSLLong
by tintinhawk
Sun Pharma - Long Setup (Swing Trade)Sun Pharma has confirmed a breakout above the entry zone, presenting a swing trade opportunity. Here’s the trade setup: Entry Price: 1836.95 (Confirmed after the 15-minute candle broke above the entry zone at 1833) Target: 1978.8 Stop Loss: 1760.10 (Triggered if a daily candle closes below this level) With the entry price confirmed at 1836.95 , this setup offers a favorable risk-to-reward ratio. The target is set at 1978.8 , with a well-defined stop loss at 1760.10 to manage risk. Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
NSE:SUNPHARMALong
by gupshupblog
2