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EURUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDEURUSD 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
Short
by tradergyan01
CHOLAFIN - has completed 5 wave impulse from Covid LowsCHOLAFIN - CMP 1280 Primary count (Blue) suggests that the 5 wave impulse from Covid Lows seems to have ended (from 120 to 1650) The correction could stretch up to 0.618 or 100% of the 4th wave lows.. Price has decisively broken 200 DEMA.. I am expecting this to test 1000 levels in the coming days.. There is also an unfilled GAP at 900 levels.. if we are lucky, hitting that zone will be a jackpot It is not going to be one way fall though.. Because it is a long range cluster (1000-1300 - multiple week consolidation range) and there will be multiple supports and bounces on the way.. Immediate support for now is 1180
Editors' picks
NSE:CHOLAFINShort
by Murthy_Santhosh
1
Dr Reddy is Ready to fly in blue sky, Short term Trading Idea .I hope you all will be doing good in your life and your trading as well. I have brought a stock which has formed a pull back pattern and taken support at previous breakout zone. Stock name is Dr. Reddy's Laboratories Ltd and it is a leading India-based pharmaceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. Stock is good for short term trading idea as it has taken support in the previous breakout zone. Stock is good for long term investing as well. This can be best SIP stock to invest and get handsome returns in future. Market Cap ₹ 1,09,439 Cr. Current Price ₹ 1,312 High / Low ₹ 1,421 / 1,041 Stock P/E 19.7 Book Value ₹ 339 Dividend Yield 0.61 % ROCE 26.5 % ROE 21.4 % Face Value ₹ 1.00 Industry PE 34.5 Debt ₹ 2,002 Cr. EPS ₹ 66.7 Promoter holding 26.6 % Intrinsic Value ₹ 1,033 Pledged percentage 0.00 % EVEBITDA 12.3 Change in Prom Hold -0.01 % Profit Var 5Yrs 24.4 % Sales growth 5Years 12.6 % Return over 5years 18.9 % Debt to equity 0.07 Net profit ₹ 5,565 Cr. ROE 5Yr 16.7 % Profit growth 17.8 % Earnings yield 6.77 % PEG Ratio 0.81 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
Editors' picks
NSE:DRREDDYLong
by TraderRahulPal
3
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in ANUP BUY TODAY SELL TOMORROW for 5%
NSE:ANUP
by Kapil-Mittal
3
10 RR TRADE GOLDGold is highly bullish, breaking all-time highs. I waited for a simple trendline breakout and a confirmed close on the 5-minute timeframe, rather than the 15-minute or 1-hour, due to the market's high volatility, which sometimes requires adapting quickly. The market didn't revisit previous demand zones or break below prior highs, and the formation of higher highs continued strongly. I entered the trade after observing a higher high, followed by a retracement to a 1-minute order block. After confirming a rejection, I entered, and the trade has yielded a 10R so far, which I'm still holding. If you're interested in signals, feel free to like or comment!
OANDA:XAUUSDLong
by munmeeth
5
Bitcoin on October 29, 2024Resistance Levels: Primary Resistance: $69,500. If Bitcoin sustains momentum, this level could be tested as a key resistance, where profit-taking might occur. Secondary Resistance: $70,000. Should Bitcoin push past the initial resistance, this level could be a critical barrier, potentially drawing more selling interest. Support Levels: Primary Support: $68,200. This level has shown recent buying interest and could offer a stabilizing point if Bitcoin faces a pullback. Secondary Support: $67,500. A breakdown below $68,200 could lead to further declines toward this stronger support zone. Strategy and Outlook: Bullish Scenario: If Bitcoin breaks and holds above $69,500, it could signal a continuation toward the $70,000 mark, reinforcing a bullish outlook. Bearish Scenario: A failure to sustain above $68,200 may increase selling pressure, pushing the price down to test the $67,500 support. These levels provide actionable points for both potential breakouts and pullbacks, allowing traders to assess real-time movement and volume for intraday positioning​
by GAVIXH
"Wipro’s Ascent: Ready for Takeoff ?"WIPRO buy above 581 Tgt 641, 719, 814,945 SL 520 Wipro seems to be comfortably resting at 581, but there's an energy in the air suggesting it’s gearing up for a serious ascent. With potential targets at 641, 719,814, 945 and maybe even an ambitious leap to 672, this stock looks like it’s ready for liftoff! 📈 It's as if Wipro suddenly decided, "Why linger in the 500s when I could aim for new milestones at 610 or even 652?" It’s eyeing those higher levels with the drive of an eagle that just had a double shot of espresso! ☕🦅 For those who trust in the mix of positive momentum and solid chart signals, keep your eyes open—672 could be closer than it seems. Sure, the climb might be challenging, but if Wipro's this determined, who are we to doubt? Just remember to set those stop losses and have a backup plan ready, in case the eagle opts for a side glide. 🪂 Here’s to Wipro’s journey upward! Let’s see if it reaches new heights or enjoys a pause at 581. Either way, it's bound to be an exciting ride! 🚀 "Trade smart and always respect risk." Happy trading!
Editors' picks
NSE:WIPROLong
by biplab86
2
After falling 25% Nifty50 stock is giving good entry to go long Hello Everyone, i hope you all will be doing good in your trading and your life as well. Today i have brought Bajaj-Auto stock which has fallen 25% from all time high and now trading at importance support zone, There is higher probability for reversal from these levels. It is giving good entry for short term to long term traders and investors. Bajaj Auto, the flagship company of Bajaj Group, is a two-wheeler and three-wheeler manufacturing company that exports to 79 countries across several countries in Latin America, Southeast Asia, and many more. Its headquarter is in Pune, India. It has acquired 48% of the KTM Brand which manufactures sports and super sports two-wheelers, which was 14% in 2007 when the company first acquired KTM. Market Leadership:- The company is the 2nd-largest player in the domestic motorcycle segment in terms of volume. It is the largest 3W producer in the world and the largest exporter of 2W and 3W from India. Manufacturing Capacity:- The company has five manufacturing plants, of which two are in Chakan and one each in Waluj, Akurdi, and Pantnagar, with a total installed capacity of 7.1 million units per annum. Expansion:- In FY24, the company set up a new plant in Brazil with an initial capacity of 20k units/ month that commenced commercial production on Jun 24. It will incur capex of Rs. 600 Cr -Rs. 700 Cr in FY25-FY26, largely towards maintenance activities. Vehicle Financing:- Its wholly-owned captive financing company Bajaj Auto Credit Ltd. commenced business in Maharashtra and Goa on 1st Jan 24 and expanded to Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Rajasthan, and Gujarat. It plans to cover all the balance states by FY25. On Apr 24, the board approved additional investment in BACL of Rs. 2250 Cr, in addition to the existing Rs. 600 Cr approved earlier, to fund its expansion plans. Market Cap ₹ 2,72,363 Cr. Current Price ₹ 9,753 High / Low ₹ 12,774 / 5,285 Stock P/E 36.9 Book Value ₹ 1,109 Dividend Yield 0.80 % ROCE 33.5 % ROE 26.5 % Face Value ₹ 10.0 Industry PE 64.6 Debt ₹ 5,245 Cr. EPS ₹ 263 Promoter holding 55.0 % Intrinsic Value ₹ 3,891 Pledged percentage 0.01 % EVEBITDA 25.8 Change in Prom Hold -0.01 % Profit Var 5Yrs 10.7 % Sales growth 5Years 8.13 % Return over 5years 25.2 % Debt to equity 0.17 Net profit ₹ 7,371 Cr. ROE 5Yr 21.8 % Profit growth 7.74 % Earnings yield 3.64 % PEG Ratio 3.46 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BAJAJ_AUTOLong
by TraderRahulPal
Waiting for Gold Trend Ahead of Important US Economic DataBased on the current chart, I see gold prices hovering around $2,754/ounce, with the 34 EMA and 89 EMA providing support below. Although the uptrend remains intact, gold is under pressure due to rising US bond yields and a stronger US dollar, making gold less attractive to investors holding other currencies. Personally, I see the gold market being cautious as it awaits a slew of US economic data to be released this week. This will be an important signal to determine the US Federal Reserve's interest rate outlook. If the data shows the possibility of the FED continuing to tighten policy, I expect gold prices to face further downward pressure in the short term.
OANDA:XAUUSD
by Queenoftears
2
BANKNIFTY: INSTITUTIONAL LEVELS FOR 30/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:BANKNIFTY
by tony_fx_sm
NIFTY INTRADAY ANALYSIS FOR 29/10/2024BUY ABOVE - 24340 SL - 24100 TARGETS - 24450,24530,24620 SELL BELOW - 24220 SL - 24340 TARGETS - 24100,24010,23900 NO TRADE ZONE - 24220 to 24340 Previous Day High - 24450 Previous Day Low - 24100 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - A ll information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
6
Today's Gold Price (October 30): Conquering a New Record?Global gold prices surged, with spot gold rising by 32.8 USD to reach 2,775.6 USD/ounce, while the most recent trade for gold futures reached 2,786.5 USD/ounce, marking an increase of 30.2 USD from yesterday morning. Gold’s rise has been supported by concerns surrounding the U.S. presidential election, tensions in the Middle East, and expectations that the U.S. Federal Reserve (Fed) may cut interest rates in November. Currently, the race between Donald Trump and Kamala Harris remains highly intense as the November 5 presidential election approaches. According to my personal analysis, bullish speculators appear to be taking advantage of the temporary weakening of the USD and rising yields, along with risks tied to the U.S. election and the expectation of a Fed rate cut. Gold is likely to maintain its upward trend and could even reach the 2,800 USD/ounce mark in the near future, as long as concerns over U.S. election risks continue to pressure the market, while expectations for a Fed rate cut remain unchanged.
OANDA:XAUUSD
by Raanana
1
TITAGRAH HIDDEN GEM- READY TO RUNNSE:TITAGARH May the festival of lights brighten your life with happiness, prosperity, and joy. Wishing you and your loved ones a sparkling and safe Diwali filled with cherished moments and new beginnings. Happy Diwali! #TITAGRAH Weekly chart 🚀 The hidden gem has fallen 45% from its peak and is now consolidating over the last four weeks. It is expected to rally again, surpassing the 1220 mark. 💯 Keep on radar For Next Rally> Keep Learning Happy Trading
NSE:TITAGARH
by SANJAYPATIDAR_
2
Gold Price Rises Strongly Amid US Political Uncertainty ConcernsBased on the current factors, I see gold prices in an uptrend and trading within a solid bullish channel, with the EMA (34) and EMA (89) supporting below. The main driver is political uncertainty in the US, along with concerns about fiscal deficits and safe-haven demand amid geopolitical tensions. News of hedge funds buying an additional 15 tonnes of gold last week further reinforces this trend. Currently, the price is at $2,778/ounce, but if it approaches the upper resistance line of the bullish channel, the price may correct slightly before continuing the upward trend. However, if the political situation continues to escalate, the possibility of breaking the resistance and reaching higher levels is very high.
OANDA:XAUUSD
by Queenoftears