UNION BANK 1D TFNSE:UNIONBANK has formed a resistance zone with multiple touch points. If the stock breaks out the stock could traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Technical Analysis
[INTRADAY] #BANKNIFTY PE & CE Levels(05/12/2024)Today will be slightly gap up opening expected in banknifty after opening possible banknifty will continue it's bullish rally towards the 53450 level. This rally can be extended for further 400-500+ points in case banknifty gives breakout and starts trading above 53550 level. Downside 53050 level will act as a support zone for index. Any major downside only expected below 52950 level.
PNB 1D TFIn the previous post we saw that NSE:PNB has been for a resistance zone, now the zone has been broken out and the stock is running in profit.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
MOTHERSON 1D TFNSE:MOTHERSON has formed a inverted flag and pole pattern. Once it breaks out with good volume and strong candle the stock could be traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JIOFIN 1D TFAs discussed in the previous posts NSE:JIOFIN , which came back after gaining liquidity from the demand zone is now forming a trend line with 3 touch points. The stock could be traded once it breaks out of the trend line. A good risk reward ratio of 1:1.5 can be gained from this trade.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
COAL INDIA 1D TFNSE:COALINDIA has been bearish for a long time and now is retracing. The bearish run could continue if the stock breaks the demand zone with a strong bearish candle and a good volume. Recently Coal India has invested in creating a solar power plant.This news could even disrupt the bearish run.But if the stock breaks the demand zone, the stock could be expected to move to the next lower demand zone.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
MU going for goldAt the third double bottom teasing 114.17 breakout to gap fill, it would be nice to see continuation here and what happens at 107.94 (monthly pivot). This one started with a breakaway gap September 25th and has recently filled the runaway gap, but the bullish trend is still intact from the current double bottom. I'm looking for 01/17/25 105c here, with a stop-loss at 99.05 (monthly pivot).
Thu 5th Dec 2024 GBP/JPY Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Buy. Enjoy the day all. Cheers. Jim
TradeCityPro | GBPUSD : Long-Term PerspectiveWelcome to TradeCityPro!
In this analysis, I will review the GBPUSD pair in the Forex market. The analysis is conducted on the weekly timeframe with a long-term outlook.
🔍 In this timeframe, after a sharp drop in price from the 1.41548 peak to the 1.08659 bottom, the price began an upward correction and is currently moving upward along a rising trendline.
🔑 If the trendline is broken, the likelihood of a bearish move increases. For short positions, the 1.25096 support level is ideal. The next important supports are 1.19225 and 1.08659. Breaking below 35.25 on the RSI could increase the probability of a bearish move and introduce bearish momentum into the market.
📈 As long as the price remains above the rising trendline, the trend is considered bullish. For long positions, breaking through 1.32073 and 1.33744 is ideal. The target for this move will be 1.41548.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
TradeCityPro | CADCHF Weekly Triggers for Precision Trading👋 Welcome to the TradeCityPro channel!
Let’s step away from the crypto world and dive into a Forex analysis to prepare solid triggers for opening positions this week :)
🌐 Fundamentals Recap
CAD: Strengthened by oil prices and Bank of Canada policies. Hawkish stances and higher oil prices are supportive.
CHF: safe haven gaining in risk-off markets, driven by Swiss National Bank actions and global uncertainty.
Key Dynamics: Risk-on sentiment supports CAD; risk-off favors CHF.
📊 4-Hour Chart Analysis
The pair is in a range-bound structure between 0.6274 (support) and 0.6316 (resistance). The last 4-hour candle engulfed the previous 6, signaling a bearish outlook.
Before this range, a strong green weekly candle formed but was fully engulfed in the subsequent week, emphasizing the longer-term downtrend.
CADCHF is near its historical lows, which might attract selling pressure for continuation moves.
📈 Long Position Trigger
Avoid longs for now. A bullish breakout above 0.6351 with higher highs and lows would be necessary to justify a long position.
📉 Short Setup
break below 0.62741 with confirmation (e.g., RSI below 31.21) offers a solid shorting opportunity.
Stop Loss Tip: Let the range consolidate for one or two more candles to tighten your stop-loss and refine your entry.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
USDJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.300 zone, USDJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 149.300 support.
Trade safe, Joe.
AUDUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64500 zone, AUDUSD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 0.64500 support and resistance area.
Trade safe, Joe.
$TON Price Pumping and Road to $10 & Take Profit 2 DoneBINANCE:TONUSDT Price Pumping and Road to $10 & Take Profit 2 Done, see on chart.
Currently trading at $6.94, Toncoin is eyeing a crucial breakout above the $7 resistance level -a threshold that could propel it into double- digit territory. Key metrics support this bullish outlook: 72% of Toncoin addresses are in profit, and whale activity has surged 110% in just 24 hours. Analysts are optimistic, highlighting Toncoin's positive 90-day returns and rising Open Interest as precursors to significant price movements.
Toncoin is A Stable Forcewith Growing Market
Confidence. Toncoin (TON) has solidified its position as a key player in the blockchain landscape, boasting a 7% price increase in the past 7 days, bringing it to $6.74.
This growth backed by a massive surge in large transactions, a clear indicator of heightened market activity and strong investor confidence. Toncoin's consistent performance underscores its appeal in an increasingly competitive market.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
TradeCityPro | FETUSDT Progress Toward a New All-Time High👋 Welcome to the TradeCityPro channel!
Let's analyze one of the top AI-focused crypto projects, Fetch.AI (FET), and identify opportunities for both spot buying and futures trading.
🌍 Market Overview
Before diving into FETUSDT, it’s essential to check Bitcoin’s behavior. Bitcoin continues to range, a trend that might persist for a few more days.
However, with the dominance of altcoins on the rise, attention remains on them. Bitcoin’s eventual breach of $100K could temporarily restore its dominance.
🕒 Weekly Time Frame
FET is one of the most bullish altcoins, having risen without revisiting its 2023 lows, largely due to the AI hype.
After rebounding from the $0.056 support, it surged to $3.104, followed by a significant correction to $0.745. This zone was an ideal Potential Reversal Zone (PRZ) as it aligned with the trendline and Fibonacci levels.
FET has bounced off the 0.382 Fibonacci level, and breaking above $3.104 could lead to targets of $4.868, $7.849, and $13.828 (calculated using Fibonacci extension).
Last week’s candle closed above the $1.613 resistance, signaling bullish momentum. You could consider buying with a stop loss at $1.094. For those holding from lower levels, it might be wise to secure initial capital and some profits.
As long as FET remains above its trendline, the outlook remains bullish.
📊 Daily Time Frame
FET is entering a significant resistance box between $1.99 and $2.54—potentially the final stronghold for sellers.
After breaking this zone, the path becomes clearer for higher targets, but expect temporary resistance or price fluctuations within this range. A breakout above $2.637 could provide another buying opportunity.
🕒 4-Hour Time Frame
FET is currently breaking out of the $1.957 resistance, aiming for the $2.637 target.
📈 Long Position Trigger
place a stop-buy above the current candle and set a secure stop loss around $1.739 to avoid being stopped out during minor pullbacks. This ensures you stay positioned for the longer-term uptrend.
📉 Short Position Trigger
avoid trading against the trend in a bull market. Focus on resting and preparing for the next upward wave.
💡 BTC Pair Insight
Against Bitcoin, FET has also shown strength, avoiding drops below the 0.00001390 support.
After breaking 0.00002574, this pair could witness significant bullish moves, making it a good time to hold onto FET.
🛠️ Summary & Strategy
Spot Buyers: Watch for pullbacks within the resistance box and aim for targets using Fibonacci extensions.
Futures Traders: Prioritize long positions aligned with the bullish trend and avoid counter-trend shorts.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
SWING IDEA - RATNAMANI MET AND TUBRatnamani Metals & Tubes, a leading manufacturer of stainless steel and carbon steel welded pipes and tubes, is showing a potential swing trade setup with several bullish technical signals.
Reasons are listed below :
3800 Zone Break Out : The 3800 level has acted as a strong resistance zone. The price is now breaking through this level, signaling the possibility of a continued upward move.
Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle indicates strong buying interest, suggesting momentum may continue.
Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 exponential moving averages, indicating overall bullish strength and long-term trend support.
Intact Trend : The broader trend remains intact, indicating that the current momentum is in line with the stock’s longer-term trajectory.
Gradual Increase in Volumes : A steady rise in volumes adds confirmation to the breakout, showing strong market participation in this move.
Target - 4270 // 4800
Stoploss - daily close below 3400
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 - 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
ALRS 5M Conservative CounterTrend DayTradeConservative CounterTrend Trade
- long impulse
+ 1/2 correction
- SOS level
+ support level
+ volumed 2Sp+
Calculated affordable stop limit
1 to 2 R/R take profit slightly above 1 H range
Transferrable to Swing after closes test and resumes buying on 1H
Transferrable to Investment trade after ends test and resumes buying on 1D
1H CounterTrend
"- short impulse
+ 1/2 correction
- unvolumed T1
+ support level
- volumed 2Sp-
+ test"
Daily CounterTrend
"- short impulse
+ volumed T1
+ support level
+ biggest volume Sp
+ weak test"
Monthly CounterTrend
"- short impulse
+ volumed TE / T1
+ support level
+ volumed Sp
+ test"
Yearly trend
"+ long impulse
+ 1/2 correction
+ T2 level
+ support level
+ manipulation"
SWING IDEA - CAPLIN POINT LABORATORIESCaplin Point Laboratories , a leading pharmaceutical company known for its strong presence in regulated and emerging markets, presents a promising swing trade opportunity based on the following technical factors:
Reasons are listed below :
2100 Resistance Break : The stock has decisively broken the 2100 resistance level, signaling strength and potential for further upside.
Head and Shoulder Pattern Breakout : A classic bullish reversal pattern, indicating a continuation of the uptrend.
Bullish Marubozu Candle : A strong bullish candle on the daily timeframe showcases significant buying interest and momentum.
Trading Above Key Moving Averages : The price is comfortably above the 50 and 200 EMAs on the daily timeframe, reinforcing the bullish sentiment.
Target - 2390 // 2600
Stoploss - daily close below 2060
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
ICICI Lombard GIC Ltd. - Technical AnalysisPrice Action:
The stock recently took support near the 0.5 Fibonacci retracement level around ₹1,892, bouncing back with strong momentum. This aligns with a visible bullish RSI divergence as the price formed lower lows while the RSI made higher lows, signaling a potential reversal.
Key Levels (from Fibonacci):
Resistance 1: ₹1,987 (61.8% Fibonacci level)
Resistance 2: ₹2,127 (78.6% Fibonacci level)
Final Target: ₹2,299 (Fibonacci extension, previous high)
Support 1: ₹1,892 (0.5 Fibonacci level, current support)
Support 2: ₹1,796 (38.2% Fibonacci level)
Support 3: ₹1,677 (23.6% Fibonacci level)
Entry, Stop Loss, and Targets:
Entry: Around ₹1,940-₹1,950 (post breakout confirmation above ₹1,950).
Stop Loss: ₹1,875 (below the 0.5 Fibonacci level and near recent support).
Targets:
Target 1: ₹1,987 (61.8% Fibonacci level)
Target 2: ₹2,127 (78.6% Fibonacci level)
Target 3: ₹2,299 (previous swing high)
Volume and RSI Observations:
The volume profile shows increased participation near ₹1,900 levels, confirming accumulation.
RSI is recovering from oversold levels and shows divergence, supporting a potential bullish continuation.
Conclusion:
If the stock holds above ₹1,892, the bullish trend might continue toward ₹1,987 and higher targets. Maintain discipline with the stop-loss to manage risk effectively.