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The Outperformer's Guide: Top Stocks from Each SectorThis analysis highlights key sectors and stocks to watch. 1. Nifty IT NSE:CNXIT ● The Nifty IT sector has demonstrated resilience during the recent negative market sentiments. ● Notably, it has formed a Descending Broadening Wedge pattern and expected to breakout soon. ➖ Stock to Watch - Coforge NSE:COFORGE ● The stock is currently trading just below its all-time high with a strong uptrend. ● Investors can consider accumulating shares on any dips. 2. Nifty Finance NSE:CNXFINANCE ● The Nifty Finance sector has recently breached its trendline support and is now approaching its next key support level, ranging from 22,500 to 22,700. ➖ Stock to Watch - Axis Bank NSE:AXISBANK ● The stock is currently trading at its support level, offering a potential short to mid-term trading opportunity. 3. Nifty PSU Bank NSE:CNXPSUBANK ● The Nifty PSU Bank sector has consolidated within a range and is nearing its support zone. ➖ Stocks to Watch - State Bank of India NSE:SBIN ● The stock is approaching its trendline support level. ● A buying opportunity may arise if the price reaches the 770 level. 4. Nifty Pharma NSE:CNXPHARMA ● After experiencing a downturn, the Nifty Pharma sector is now approaching its trendline support level. ➖ Stocks to Watch - Divis Laboratories NSE:DIVISLAB ● The price is overall in an uptrend. ● Following a record peak, the stock is now nearing its trendline support level. ● The best buy zone is between 5,500 and 5,600. 5. Nifty Media NSE:CNXMEDIA ● The Nifty Media sector is expected to witness a potential pullback towards the 1,720-1,760 level. ➖ Stocks to Watch - Network18 Media NSE:NETWORK18 ● The stock is trading just above its trendline support zone, presenting a short to mid-term trading opportunity. 6. Nifty Realty NSE:CNXREALTY ● The Nifty Realty index is currently trading above its support zone. ➖ Stocks to Watch - Oberoi Realty NSE:OBEROIRLTY ● The stock is trading at the support zone and expected to rise soon. 7. Nifty FMCG NSE:CNXFMCG ● After a downfall, index is approaching its trendline support level ➖ Stocks to Watch - Varun Beverages NSE:VBL ● VBL is trading above its support zone, offering a short to mid-term trading opportunity. 8. Nifty Metal NSE:CNXMETAL ● The Nifty Metal sector is trading above its support zone, ➖ Stocks to Watch - Ratnamani Metals & Tubes NSE:RATNAMANI ● The stock price has formed an Ascending Triangle pattern and is currently trading above the support level. 9. Nifty Oil & Gas NSE:NIFTY_OIL_AND_GAS ● The Nifty Oil & Gas sector is also trading above its support zone. ➖ Stocks to Watch - Aegis Logistics NSE:AEGISLOG ● The stock price is close to breaking through its trendline resistance. ● If it can maintain its position above this level, a rally may be imminent. 10. Nifty Auto NSE:CNXAUTO ● Lastly, the Nifty Auto sector is trading above its support zone. ➖ Stocks to Watch - Eicher Motors NSE:EICHERMOT ● Eicher Motors is consolidating within a rectangle pattern, indicating a potential breakout.
NSE:CNXITLong
by GoodluckCapital
2
How would Bitcoin react? Btc/Usdt Chart analysis Bitcoin on Hourly chart is has formed HH & HL (HIGHER HIGH, HIGHER LOW). Trend is definitely bullish but after a massive move every assets goes for a correction. Looking at hourly chart we can see that Bitcoin is trading in range bound and it need to take any side liquidity for any trade to be executed. For buy we would suggest to wait for the ATH (All time high) to be breaken out. So sell side we would suggest to wait for a MSS( Market structure shift). Weekends are usually slower for Crypto market. We will wait for the first Asian session of the day to start and will trade plan accordingly
by Santoshsharma9
1
BANKNIFTY Corrected 4000 points Weekly chart ANALYSISHello Everyone, as posted charts on 29th september, Banknifty Rejection Candle from Channel Resistance line, RSI negative Divergence, Price is more than 3000/4000 point away from EMA 20& 50____After every trending move Price is reverse to its EMA line___Positional Sideways to small correction can expected. now its corrected 4000 points and near to 50EMA but till looking weak if going to test 100EMA then 3 things going to happened 1st 100EMA test second 61% retracement done and breakout trendline retest possibilities as ahead of elections and USDINR is trading at its lowest of 84.40 indicate more volatality in near future. 49300, 48650,47500 is possible and important levels to watch
NSE:BANKNIFTYShort
by sagarmali101
1
EURUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
Banknifty Intraday Analysis for 18th November 2024NSE:BANKNIFTY Index closed near 50180 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 51000 Strike – 14.94 Lakh 51500 Strike – 14.10 Lakh 50500 Strike – 9.89 Lakh Put Writing 49500 Strike – 18.29 Lakh 50000 Strike – 15.03 Lakh 49000 Strike – 10.96 Lakh Index has immediate support near 49600 - 49500 range and if this support is broken then index may tank near 49000 - 48900 range. Index has resistance near 50650 – 50800 range and if index crosses and sustains above this level then may reach near 51100 – 51300 range.
NSE:BANKNIFTY
by RKMAURYA
When will gold stop falling? The trend of the gold market next week may continue to maintain a bearish trend. The market has already shown a series of technical and fundamental signals, suggesting that gold may continue to face downward pressure in the coming period. Combining the current technical form and market sentiment of gold, below we will conduct a detailed analysis of the trend of gold next week from three perspectives: technical, market sentiment and fundamentals. Technical analysis Daily chart performance: Judging from the daily chart, the current trend of gold is obviously in a downward trend. In recent weeks, the price of gold has reversed and declined from its highs, breaking the previous upward channel and forming an obvious downward trend. In particular, last week's negative closing for six consecutive trading days formed a significant short arrangement, indicating that the market's short power is strong. In addition, although the price of gold has seen some fluctuations recently, the volume of short positions has gradually shrunk, indicating that although the market is still in a short trend, the selling momentum has slowed down and the short market may be entering a period of adjustment. 4-hour line and 1-hour line patterns: On the 4-hour chart, gold shows a typical wave downward trend. After rebounding, the price still cannot break through the key resistance level in the early stage, so the overall trend is still biased downward. The current upper line of $2,151 has formed strong pressure. If the price cannot effectively break through this level, gold's downward trend may continue. Below, the low of $2,537 becomes a key support level. If gold prices break below this support, the market could accelerate its move lower to retest previous lows. The 1-hour line shows a more detailed trend. Gold has recently formed an M-head pattern, with a strong resistance area forming near the top of $2,576. A breakdown of this position may accelerate gold's decline. At present, the neckline support of $2,560 is crucial. If this position is broken, it means that gold will fall further and test the previous low. Morphological structure analysis: Overall, the trend of gold is in a short structure, and the market still has no obvious reversal signal after the continued decline. The current restorative rebound is still weak, and after each rebound repair, the price ushered in a deeper correction, which shows the lack of bullish power in the market. If the current restorative rebound fails to break through $2,576 and falls further, gold may continue to weaken and may even enter a deeper decline. If gold can break through $2,576 and break through the upper resistance of $2,596, then the market will likely re-evaluate the trend of gold, and there may be a certain rebound in the short term. Fundamental factor analysis In addition to technical aspects, changes in fundamentals may also have an important impact on gold prices. Recently, U.S. economic data and the Federal Reserve's monetary policy decisions are the two key factors affecting gold trends. Fed policy: The Federal Reserve's monetary policy continues to maintain a hawkish stance. Although the market is generally expected to slow down the pace of interest rate hikes, Fed officials still emphasized their determination to combat high inflation in recent speeches. If the Federal Reserve continues to maintain a high interest rate environment, the dollar may strengthen further and gold prices may remain under pressure. Rising interest rates are typically a negative for gold because it becomes more expensive to hold, while a stronger U.S. dollar makes gold less attractive to holders of other currencies. U.S. economic data: At the same time, the performance of the U.S. economy is also an important influencing factor. The performance of U.S. economic indicators such as inflation data, employment data, and GDP growth will affect the Fed's next decision. If economic data shows that inflationary pressures are still high, the Federal Reserve may continue to raise interest rates, which will further suppress gold. If the U.S. economy shows signs of slowing down and the market's expectations for the Federal Reserve to raise interest rates decrease, gold may experience certain safe-haven demand and may experience a rebound in the short term. Summarize Based on comprehensive technical and fundamental analysis, the trend of gold next week will most likely maintain a short trend. In the short term, gold is likely to continue to face downward pressure, with key support levels near $2,537 and $2,560. If these support levels are effectively broken down, gold may test lower prices and may even challenge previous lows. However, if gold can break above the $2,576 and $2,596 resistances above, then the market may reassess gold's trend and a short-term rebound may occur.
OANDA:XAUUSD
by Gold-Cat
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARD BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDShort
by tradergyan01
2
Nifty Intraday Analysis for 18th November 2024NSE:NIFTY Index closed near 23535 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 45.81 Lakh 23600 Strike – 28.89 Lakh 23500 Strike – 25.62 Lakh Put Writing 23000 Strike – 34.00 Lakh 23500 Strike – 33.23 Lakh 23600 Strike – 23.56 Lakh Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range. Index has resistance near 23750 – 23800 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
NSE:NIFTY
by RKMAURYA
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01