ready to blast SBI CARDSRelative Strength Index (RSI)
RSI Value: 58.34
Interpretation: The RSI indicates that the stock is in a neutral to slightly bullish territory. RSI values above 70 indicate an overbought condition, while values below 30 indicate an oversold condition. With a current RSI of 58.34, the stock is neither overbought nor oversold.
Volume
Recent Volume: 30.41 million
Interpretation: The recent increase in volume suggests strong buying interest and higher trading activity. A significant increase in volume often indicates strong investor interest and can signal the strength of price movements.
Key Support and Resistance Levels
Support Levels:
647.95 INR (Highlighted support zone)
Resistance Levels:
769.00 INR
806.45 INR
843.90 INR
900.05 INR
Target 1: 1,055.80 INR
Target 2: 1,166.65 INR
Target 3: 1,307.90 INR
Trend Analysis
Trendline: The chart shows a descending trendline from point 'b' to point 'c', which has been recently broken with the latest candlestick moving above the trendline. This breakout indicates a potential reversal of the previous downtrend.
Candlestick Patterns: The recent candlestick shows a significant upward movement with a closing price of 859.00 INR, up by 80.80 INR (+10.38%).
Summary
The stock has recently broken above several resistance levels (769.00 INR, 806.45 INR, and 843.90 INR) and is approaching the next resistance at 900.05 INR. The RSI value suggests a neutral to slightly bullish stance, and the increase in volume indicates strong investor interest. The breakout above the descending trendline indicates a potential reversal of the previous downtrend.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. I am not a SEBI registered analyst. Please consult with a certified financial advisor before making any investment decisions.
Community ideas
TCS retesting long trend lineTCS retesting long trend line. Lowest price expected is 3800. PE ratio is also near bottom (means stock is not much costly).
As per trend, one can start accumulation between 3780 and 3930, with target price of 4800 with one year timeline.
It is just for education purpose.
NIFTY analysis based on Elliott Wave theoryNIFTY is looking like in wave (Z).
Now, wave (Z) is always in 3 moves (ABC).
If we take a look in 75 min chart of NIFTY, we may see wave (a) of wave (Z) finished on 12 Feb. The price is in wave B of wave (b) now.
It looks like Zig-zag pattern is forming and it is observed most of the times that, Wave B of Zig-zag takes at least equal time of wave A.
So we may assume that, wave (b) of Zig-zag will finish at least by 19 Feb near 50% to 61.8% And then we may expect a fall to form wave (c) of Zig-zag.
This analysis is based on Elliott Wave theory and Fibonacci.
This analysis is for educational purpose only.
Godfrey Phillips India: Strong Breakout & Impressive Q3 Results!Hello everyone!
I hope you all are doing great. Today, I bring you a high-potential trading idea in Godfrey Phillips India . The stock has broken out from a downward channel , which indicates a bullish reversal . If the price retraces to the breakout level, the 5,650-5,350 range could be a good entry point. Set a stop loss just below 4,949 , and target the levels of 6,690 , 7,600 , and 8,535 for potential gains. Make sure to follow the levels closely for confirmation.
Now, talking about the fundamentals , Godfrey Phillips has shown great results in its latest quarter. The company’s total income stood at Rs. 1,896.75 crore , which is a solid growth from Rs. 1,482.11 crore . Net profit has also increased to Rs. 332.33 crore , reflecting its strong performance. The EPS also jumped to Rs. 63.92 , showing the company’s ability to keep growing despite the market conditions.
To wrap up , this breakout from the downward channel, along with solid quarterly results, gives me confidence in this trade. The 5,650-5,350 range looks like a solid entry, with a stop loss below 4,949 to manage risk. Focus on the 6,690 , 7,600 , and 8,535 levels as your targets, and let’s watch this play out for solid returns!
Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
Nifty about to TRAP longs... Bullish? Think AGAIN!Hello traders!
I'm looking at equal lows/sellside as the draw. My narrative is that we would take out any longs remaining with BUYSIDE at 23144.70 .
If we gap up above buyside, which is what I expect, it would be an easy day for shorts.
If we gap down, we may see a rush up to buyside and then take the move forward to SELLSIDE at 22786.90 .
But whatever the gap scenario is, my draw remains towards 22786.90...
GLGT!
Not financial advice.
Options Trading vs. Stock Trading: Which is Right for You?Hello Traders!
In today’s post, we’re going to compare Options Trading vs. Stock Trading. Both strategies can be profitable, but they come with different risk profiles, time commitments, and potential for returns. Let’s dive into the key differences and help you decide which trading method aligns with your financial goals and risk tolerance.
Stock Trading: The Classic Approach
Stock trading is the act of buying and selling stocks to capitalize on price movements. As an investor, you own a share of the company and benefit from its growth or dividends over time. Stock trading is widely recognized as the foundation of the market and remains one of the most common forms of trading.
Key Characteristics of Stock Trading:
Long-Term Investment Strategy: Stock traders tend to hold their positions for a longer duration, from weeks to years.
Ownership of the Asset: When you buy stocks, you own a part of the company, which may yield dividends or appreciate over time.
Moderate Risk and Return: Stock trading typically provides consistent, moderate returns , but the risks are lower compared to options.
Requires Patience: Stock trading is ideal for those who are patient and willing to hold onto their investments through market fluctuations.
Options Trading: Leverage and Flexibility
Options trading involves buying or selling options contracts, which give you the right (but not the obligation) to buy or sell an underlying asset at a predetermined price within a specified time frame. It offers greater leverage, meaning you can control more stock with less capital. However, this leverage comes with higher risk.
Key Characteristics of Options Trading:
Leverage Potential: Options allow you to control larger positions with a smaller initial investment.
Time Sensitivity: Options have expiration dates, which means the price movement must happen within a limited time frame.
Higher Risk, Higher Reward: With leverage, options can yield higher profits, but the potential for loss is also greater, especially when options expire worthless.
Flexibility in Strategy: Options offer a range of strategies, including covered calls, straddles, and spreads , that can help manage risk and maximize profit.
Active Management Required: Options traders need to monitor their positions frequently due to the time-sensitive nature of the trades.
Which Is Better? Stock Trading or Options Trading?
Both strategies have their advantages depending on your goals and trading style. Here’s a comparison:
Stock Trading:
Ideal for Long-Term Investors: Stock trading is suitable for traders looking for steady returns over time with relatively low risk.
Less Complexity: Stock trading is simpler and easier to understand compared to options, making it more accessible for beginners.
Lower Risk per Trade: The risk is limited to the amount invested in the stock, and the price movement is easier to predict.
Options Trading:
Higher Potential Returns in a Shorter Time Frame: Options provide the ability to profit from short-term price movements with higher leverage , leading to potentially higher returns.
Requires Skill and Active Management: Options require more expertise and constant monitoring to manage risk and maximize returns.
Higher Risk, Higher Reward: While the potential for returns is greater, options trading involves a higher level of risk, and you could lose your entire investment.
Conclusion: Which is Right for You?
Choosing between options trading and stock trading depends on your personal trading goals, risk tolerance, and time availability.
Stock trading is ideal if you want to take a long-term approach, avoid complexity, and hold your positions for steady, moderate growth.
Options trading is for those who want to utilize leverage for potentially higher returns and are willing to actively manage their trades.
What’s your trading preference?
Are you more inclined towards stock trading or options trading ? Let me know your thoughts in the comments below!
USDJPY today! USD/JPY is rising alongside the U.S. dollar and U.S. Treasury yields, approaching the 153.00 level early on Friday. The modest USD appreciation amid cautious market sentiment has offset rising expectations of a Bank of Japan (BoJ) rate hike and Japan’s verbal intervention, providing support for the pair.
However, from a broader perspective, USD/JPY remains in a downtrend, with the descending price channel intact and no clear signs of a breakout. As long as this channel holds, selling remains the preferred strategy.
Wishing you all successful and profitable trades!
EURUSD: Will the bears reverse the trend?Dear Friends!
Selling pressure continues to weigh on the US Dollar and encouraged EURUSD to move to a fresh two-week high near 1.0500 following disappointing US Retail Sales figures.
Technically, as mentioned on the 3-hour chart, although the uptrend remains supported and the parallel price channel has been broken, there are signs of a potential top forming at 1.053. Current support is around 1.047. If this level is broken, it could send EURUSD lower, potentially reaching 1.041, which would coincide with a test of the 34 and 89 EMAs.
Have a nice day and good luck!
ONGC : Is oil Going to burn?
Technical View
Box trading strategy in which you identify a stock consolidating for couple of days and trade in the direction of the breakout. In case of ONGC the stock was consolidating for about three days before breaking out earlier today.
PRO TIP
Use the High of the candle as your stop loss and trail it to either protect profits or hold your trade for longer duration.
Target 227 Intra-day Target
Fundamentals
Weak Q3FY25 Results:
ONGC's consolidated net profit attributable to owners declined by 19.4% to ₹8,621.69 crore in Q3 FY25, compared to ₹10,703.13 crore in the same period last year. This drop was attributed to lower global crude prices.
The company reported a 6.9% decrease in net profit for the quarter, standing at ₹9,784 crore, down from ₹10,511 crore in the same period last year.
ONGC's gross revenue also showed a slight decline of 0.7%, falling to ₹1.66 trillion in Q3 FY25, compared to ₹1.67 trillion in Q3 FY241. The company's revenue from operations also saw a decline, reaching ₹166,096.68 crore.
Bearish Trend: The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which indicates a bearish trend in its short to long-term performance.
Brokerage Views:
CLSA has cut its FY25 EPS estimate by 5% due to cautious outlooks on the company's production and profitability
Not an investment advice
Pulling the Elephant by the tail...Hello traders!
Sellside has been delivered... Any shorts now are in grave jeopardy... Chasing the market at this point is like pulling the ELEPHANT by the tail and expecting it to get pulled...
In short, enjoy the weekend now and kill all short positions... Sellers in jeopardy for the last hour of trading... Market repricing to 22922 and above.
GLGT.
Not financial advice....
XAUUSD: Bulls are getting stronger!Hello everyone, let's find out the price of gold today!
Yesterday, gold prices fell sharply, with spot gold falling $45.60 to $2,883.10 an ounce. Gold futures were last trading at $2,894.60 an ounce, down $50.70 from this morning.
The main reason for the decline was profit-taking pressure. However, the precious metal still recorded its seventh consecutive weekly gain. Gold's gains this week were driven by safe-haven demand as President Donald Trump's plan to impose tariffs on countries that tax US imports raised concerns about a global trade war.
On the other hand, Peter Grant, vice president and senior metals strategist at Zaner Metals, added that there are some technical factors at play. Gold’s failure to hit an all-time high on Tuesday may have created a double top and some profit-taking ahead of the weekend, he said. Meanwhile, gold’s rally remains supported by a number of factors including tariffs, underlying inflation and a weaker U.S. dollar.
Gold Prices Drop Sharply but Maintain Weekly GainsYesterday, gold prices dropped sharply, declining by $45.6 to $2,882 per ounce.
Gold fell by approximately 1.5% on Friday, pressured by profit-taking activities. However, despite the decline, the precious metal still recorded its seventh consecutive weekly gain. The weekly uptrend was driven by safe-haven demand, as former U.S. President Donald Trump’s plan to impose reciprocal tariffs on countries taxing U.S. imports sparked fears of a global trade war.
Additionally, technical factors played a significant role. Gold’s failure to reach a new all-time high on Tuesday may have resulted in a double-top pattern, leading to profit-taking ahead of the weekend. However, bullish momentum remains intact, supported by factors such as tariffs, underlying inflation, and a weakening USD.
Gold price trend on February 14, 2025Hello everyone, let's find out how the gold price is doing!
Yesterday, gold regained its bullish momentum as predicted and in line with the long-term trend, with the price reaching $2,934 at one point. The main reason for this increase is that the market has almost brushed aside the pessimistic fluctuations from the currency market, stocks, crude oil, etc... and negative economic reports. This is a sign that the demand for safe-haven gold is still strong, possibly including some central banks for gold, amid the uncertainty and concerns about new US trade tariffs, which could slow down global economic growth, supporting gold.
As observed closely on the 1-hour chart, we can see that gold is moving above the 34 and 89 EMAs, plus the trend has not been broken yet, giving us a bullish outlook for gold. Gold is trading near the resistance level of 2934 with support near the 34 EMA at 2908. A break above the resistance level of 2934 will open the doors for further upside. Consider taking a long position.
Wishing you a profitable trading day!
Nifty Intraday Analysis for 14th February 2025NSE:NIFTY
Index closed near 23030 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 42.42 Lakh 23400 Strike – 37.91 Lakh
23200 Strike – 32.49 Lakh
Put Writing
22500 Strike – 32.37 Lakh
23000 Strike – 27.10 Lakh
22800 Strike – 23.109 Lakh
Index has resistance near 23225 - 23275 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range.
Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22650 – 22600 range.
Big move expected on either side with upside biases as per outcome of PM Modi and President Trump meeting and trade deals tonight followed by a press conference.
Godfrey Phillips India LtdFuture Growth
Godfrey Phillips India is forecast to grow earnings and revenue by 25.5% and 12.7% per annum respectively. EPS is expected to grow by 25.5% per annum. Return on equity is forecast to be 20.6% in 3 years.
Consumer Defensive stocks do not always pay a dividend but as Godfrey Phillips India Ltd pays dividends to reward its shareholders. In the quarter ending September 2024, Godfrey Phillips India Ltd has declared dividend of ₹35 - translating a dividend yield of 1.75%.
Is Godfrey Phillips owned by ITC?
Godfrey Phillips India Ltd. (GPI) is a tobacco manufacturer headquartered in India. It is now a part of Modi Enterprises.
IS IT POSSIBLE..This is a 15-minute candlestick chart of Gold Spot (XAU/USD) from TradingView. Here's my analysis based on the image:
Key Observations:
Price Levels:
Current Price: $2,903.77 (as of the last candlestick)
High: $2,939.89 - $2,942.51
Low: $2,863.75 - $2,886.63
Resistance Zone: Around $3,013.87 (highlighted in beige)
Support Zone: Around $2,863.75 - $2,872.56 (highlighted in blue)
Recent Price Action:
The price dropped sharply from a resistance area (~$2,915 - $2,940).
A strong bearish candle formed, breaking below a minor support (~$2,905).
Price is approaching a potential demand zone (~$2,865 - $2,875), where buyers may step in.
Technical Zones:
Supply Zone (Resistance) at ~$3,013.87: If price reverses and breaks upward, this could be the next major target.
Demand Zone (Support) at ~$2,865 - $2,875: Watch for potential reversal or continuation.
Market Bias:
Short-term bearish trend: The price is making lower highs and just broke a support zone.
Potential bounce from the demand zone if buyers step in.
Possible Trading Scenarios:
Bullish Reversal:
If price finds support at $2,865 - $2,875, it may bounce back toward $2,915 - $2,940.
Confirmation needed with bullish candlestick patterns (e.g., pin bar, engulfing).
Bearish Continuation:
If price breaks below $2,865, we could see further downside toward $2,850 or lower.
Watch for volume and momentum confirmation.
Nifty Future - Key levels To Look For Date : 14.02.2025
Nifty Future
Timeframe : Day chart
Remarks :
1 22849 - 50% of internal wave 5 (extension) - support/resistance
2 22608 - 61.8% of internal wave (extension) - upcoming support
3 22473 - 78.6% of corrective wave C- next support
4 22265 - 78.6% of internal corrective wave - follow up support
5 21829 - 100% of internal wave 5 - follow up support
6 21810 - 100% of corrective wave C (extension) - follow up support
7 AB=CD - Harmonics - 21800 - Strong bottoming out
8 21800 to 21829 is strong area of sharp bounce/pull back up to 50% from starting wave A
Regards,
Ankur
Latest gold update todayDear friends.
Last night, the world gold price traded around $2,936 with the goal of increasing higher, but then suddenly failed, falling about $53/ounce due to investors selling to take profits. By early February 15, the gold price today closed the weekend trading session at $2,883/ounce.
Although the gold price today fell sharply, looking back at the market in recent days, gold had a strong start to 2025, at one point the gold price rose to a record high of $2,942/ounce. In addition, concerns about budget deficits, trade disputes, wars, central banks and many other investors have increased purchasing power, pushing the gold price up.
Looking further, we need to pay attention to the increasing level of instability in the global economy. The cause is not the policy statements of US President Donald Trump but their frequency.
“The more policies Trump announces, the more chaotic the markets become. Institutional investors are looking for safe havens and gold is a reliable hedge.”
Godfryphlp changing trend with high volumes on daily chart.godfryphlp can be seen crossing a major resistance at 5572 on daily chart. which has now become its immediate support. important thing to notice that the stock has broken the downward trend line and giving a significant close above 5572 level with high volume. Stock was at upper circuit on second half of trading session of 14/02/2025 . Reason behind such a move was the Q3 result was extremely good. Further the stock is expected to move to its next resistance level that is R1 6179 with immediate support of S1 5572 .
Natural Gas Confirm Targets 400 Natural Gas Price Analysis and Outlook
As of February 14, 2025, natural gas (NG) prices have exhibited significant volatility, influenced by various market dynamics.
Technical Analysis
Current Price Range : The latest support level for NG prices is identified between ₹286 and ₹293 per unit.
Major Support Level : A more substantial support zone exists between ₹250 and ₹260, indicating strong buying interest at these levels.
Major Resistance Level : On the upside, significant resistance is observed between ₹410 and ₹420, which may act as a barrier to price increases.
With increasing power demand, cold weather, rising forecasts, and strong exports, natural gas prices are likely to go up in the near future
EURUSD: buy or sell?EUR/USD continued its recovery on Thursday, rising sharply above 1.0400 as the US Dollar (USD) took a hit.
The pair surged amid mixed market sentiment. A major correction in US bond yields, rising trade tensions and a cautious tone from Fed Chair Jerome Powell in his recent testimony added to the complexity of the story.
The current trend, coupled with the support of the 34 and 89 EMAs, gives us a bullish outlook for EURUSD. Current resistance is at 1.046 with support at 1.042 and 1.038. A break above the 1.046 resistance would open the way for further upside, as seen on the 1-hour chart. Traders can consider taking long positions.