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GOLD ANALYSIS 12TH NOV 2024📉 Gold Market Outlook 📉 In recent moves, gold broke major support zones, trapping buyers at key demand levels. Currently, we’re seeing another major low broken on the 4-hour time frame, suggesting a potential shift towards a downtrend. Strategic Approach: Wait for Buyer Traps: With significant upside imbalances, we anticipate gold to lure in buyers at demand zones before retracing to fill these imbalances. This would present an ideal setup for shorting opportunities. Potential Longs: For those looking to capture short-term momentum, watch for liquidity sweeps that trap buyers. Once minor highs break, consider long entries but keep risk in check—since the overall market remains bearish, prioritize taking profits quickly. 📈 Stay Updated: Like, follow, and comment for more detailed trading insights and strategies!
OANDA:XAUUSD
by munmeeth
7
BTC ANALYSIS 12TH NOV 2024🚀 BTC Market Update 🚀 Bitcoin's recent surge has left multiple imbalances on the downside across higher time frames. As of now, we've seen the 1-hour candle close below the recent low, hinting at a potential retracement. Plan of Action: Wait for Retracement: The focus is on waiting for price to fill the Fair Value Gap (FVG) and observe a rejection from that level. Profit Target (TP1): If this retracement leads to a downside move, our initial target will be the demand zone below. Extended Target: Should the price continue to dump, hold positions as BTC may aggressively move downward to trap buyers and clear those imbalances. 🔔 Stay Tuned: Follow, like, and comment for more in-depth market insights!
Short
by munmeeth
5
Bank Nifty Corrective Patterns: Triangle, Flat & W-X-Y-X-ZSummarized Points to Watch: 52,493 Level (Wave ((C))): If Wave ((E)) surpasses this level, the triangle pattern may fail. Lower Trendline Support: A breakdown below this trendline before completing Wave ((E)) could invalidate the pattern. Wave Length Symmetry: An imbalanced Wave ((E)) suggests potential pattern weakness. Volume Behavior: A sudden spike during Wave ((E)) may indicate possible failure. Internal Corrective Structure: Wave ((E)) should consist of three sub-waves to maintain pattern integrity. NOTE: Symmetry in sub-waves is crucial for a triangle pattern, meaning the waves should have balanced length and duration. If the wave ((E)) in your chart becomes too short or too long, it creates asymmetry that may question the pattern’s validity. If wave ((E)) ends abruptly without touching the expected trendline, it could also signal potential pattern failure. Flat Correction Pattern ( 3-3-5) in Bank Nifty This pattern comprises three waves: Wave A (3 sub-waves), Wave B (3 sub-waves), and Wave C (5 sub-waves), indicating a temporary trend reversal. W-X-Y-X-Z Complex Correction in Bank Nifty: This complex pattern involves five waves (W, X, Y, X, Z), representing a multi-phase consolidation, with Wave Z potentially signaling the end of the correction and a possible trend continuation. --------------------------------------------------------------------------------- Approaches to Catching Wave (C) Using the Patterns: Triangle Pattern: After the triangle completes, the impulsive Wave (C) generally initiates. You can look for an entry near the end of Wave (E) and monitor for confirmation with a breakout and increased volume. Flat Correction (3-3-5): In a flat correction, after Wave (B), which is a 3-wave structure, Wave (C) follows with 5 impulsive waves. Identifying the end of Wave (B) gives you the opportunity to capture the significant move in Wave (C). W-X-Y-X-Z Complex Correction: In this complex corrective pattern, the impulsive Wave (C) typically starts after the end of Wave (Z). Due to the complex structure, patience is essential, and confirmation usually comes only after Wave (Z) completes.
NSE:BANKNIFTY
by Trade-Technique
4
Nifty Big fall Ahead Nifty Big correction comming days expecting in daily timeframe it is rejecting founding resistance at 100 ema now it is heading to test 200 ema on daily front in my view it will drop below that so keep checking the levels. Current Market Sentiment: Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be activated, signaling a potential 10% correction in the coming days. Key Levels to Watch: Support Levels: 24,000 – 23,800: This range represents critical support. If Nifty sustains above this level, the bullish trend remains intact. A break and sustained move below 23,800 could confirm the Head and Shoulders pattern and lead to a deeper fall. Resistance Levels: 24,300 – 24,550: Recent highs that will act as key resistance. Breakout above 24,300 could push Nifty towards 24,500 – 24,800 and possibly 25,000. Breakdown below 23,800 could trigger a correction towards 23,000 or even 21,000, aligning with the pattern’s target. Head and Shoulders Pattern: This pattern becomes valid only if Nifty sustains below 23,800. The measured target of the pattern suggests a 10% fall from the breakdown level, which would put Nifty in the range of 21,000 to 22,000. If Nifty holds above 23,800, the pattern remains invalid and bullish momentum could continue.
Editors' picks
NSE:NIFTYShort
by rakeshreddym
1
PIIND - TOP IS done?PIIND: CMP 4570 It appears that the TOP is done.. 5 wave impulse from 2014 lows of 130 levels seems to be over now.. Chart is attached with counts for easy understanding. On daily, diagonal is visible.. MACD crossover seen on Weekly TF with Double top/Divergence On daily, Harmonic Pattern could potentially play out as copied below.. Views are personal and for learning purpose only and not a BUY/SELL recommendation. I am not SEBI Registered.. Please consult your Financial Advisor for investment decision
Editors' picks
NSE:PIINDShort
by Murthy_Santhosh
1
CHF/JPY Analysis: Potential Reversal SetupIn this chart, I'm analyzing a potential bullish reversal in the CHF/JPY pair after a downward trend. The price has been moving within a descending channel, with lower highs and lower lows, indicating a bearish sentiment. However, it recently hit a strong demand zone between 174.100 and 174.200, where buyers seem to have stepped in, pushing the price upward. Technical Observations: Breakout of Descending Channel: The price has broken out of the descending channel, which could signal a reversal of the downtrend. Demand Zone Support: The green zones between 174.100 and 174.400 acted as support, creating a base for buyers to initiate an upward movement. Target Levels: If the breakout is sustained, my first target is around the 174.685 level, with a secondary target at 174.920, and 175.160 as final target which aligns with previous resistance levels. Stop-Loss: I've set my stop-loss below the demand zone at 174.093 to protect against potential downside risk if the breakout fails and price re-enters the channel. Trading Plan: I'm looking for a potential long position here, with the breakout from the channel acting as a confirmation for a bullish move. Watching for strong buying momentum to sustain, I’ll look to manage the trade carefully with a close eye on any signs of reversal back into the channel. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves significant risk, and you should always conduct your own research and consult with a professional financial advisor before making any investment decisions. Past performance is not indicative of future results. Trade responsibly.
Long
by PhD_Swingtrader
2
TRAPS IN DOWNTREND"In a downtrending market, price movement often creates imbalances at various levels. When approaching a major demand zone, price frequently traps immediate buyers and sellers, creating false signals. It then proceeds to fill these imbalances at minor levels, trapping sellers along the way, before reaching significant areas where true momentum is initiated. This is often followed by a rapid decline from these major areas. Understanding higher time-frame candle closings is essential for interpreting these scenarios accurately. This is just one example, as sometimes price may react solely at minor imbalance zones, never reaching major areas, or there may be no imbalances at all. To effectively assess any market condition, observing the candle closings on a higher time frame is crucial. Follow for more in-depth educational insights."
OANDA:XAUUSDEducation
by munmeeth
4
14 RR TRADE GOLD TP DONEAs you may have seen from my previous post, I anticipated this move accurately. Price reached a level where both sellers and buyers were positioned, setting up for a pivotal breakout. After forming a minor trend line, price attempted to push through the recent swing highs but failed to break decisively. Once it closed below the previous low, I took the opportunity to enter, setting my take profit at a significant 4-hour level. This setup delivered strong results, and I secured a great profit. I hope you captured this trade too! I'll be sharing more in-depth analysis on gold shortly. If you're interested in BTC analysis as well, let me know in the comments. Please like, comment, and share if you find value in these trades. More to come!"
OANDA:XAUUSDShort
by munmeeth
4
Know this before you QUIT TRADINGTrading Myths Busted: The Truth Every Trader Needs to Know If you've been trading (or thinking about it), you've probably heard these myths. Let’s set the record straight 👇 ❌ Myth #1: "99% of Traders Lose Money" 🔍 Reality: It's not that 99% fail—it’s that 99% don't approach trading like a skill. The successful ones invest in learning, adapt to mistakes, and follow rules. Discipline wins over "luck" every time. Are you part of the 1% willing to put in the work? ❌ Myth #2: "Trading Is Just Gambling" 🔍 Reality: Gambling is pure chance. Trading, on the other hand, rewards research, patience, and skill. Successful traders work with data, not dice. ❌ Myth #3: "Only Big Players Can Win" 🔍 Reality: Start with what you have. Big wins are great, but successful traders know how to leverage any amount—even small—by sticking to sound risk management. Your account size doesn’t define your potential; your discipline does. ❌ Myth #4: "The Market Is Out to Get Me" 🔍 Reality: The market doesn’t care about you. It’s not “against” anyone—it just moves. Your job is to understand those moves, not fight them. Control your decisions, and let the rest play out. 💡 Final Truth: Trading is a Skill, Not a Game of Luck Every trader starts somewhere, faces losses, and meets challenges. The difference? Those who succeed see losses as lessons, not defeats. Bust the myths, learn the process, and remember: trading isn’t for thrill—it’s for growth. #TradingMyths #MarketMindset #TruthInTrading #TraderLife
NSE:NIFTYEducation
by keshevdugar
4
Redington: Swing Trade OpportunityRedington has demonstrated a significant recovery after a rebound from the demand zone, which is identified between the price levels of 158 to 161. The stock has successfully breached the previously established resistance range of 186 to 189, closing above this critical level, which is a positive indicator for potential further upward movement. The price movement from lower lows to higher highs illustrates a robust bullish trend. Notably, the stock has encountered the 61.8% Fibonacci retracement level multiple times, reinforcing the notion of a strong upward trajectory in the near term. This recurring interaction with the Fibonacci level suggests that the market participants view this area as a strong point of support and resistance, which is crucial for traders to consider. Further corroborating the positive outlook, both the Relative Strength Index and the Moving Average Convergence Divergence indicators on the daily and weekly time frames reflect strong buying momentum. An RSI value above 70 may indicate an overbought condition; however, current readings suggest that the stock is not yet in that territory, leaving room for potential upward movement. Meanwhile, the MACD crossing above its signal line indicates a bullish trend. The stock currently appears poised for accumulation at the current market price. Traders and investors should be aware of a potential resistance range at approximately 225 to 227. It is advisable to consider placing a stop-loss order below the demand zone, ideally around the 158 level, to mitigate potential losses in the event of an unfavourable market movement. Disclaimer: The information contained in this technical analysis report is for informational and educational purposes only and should not be construed as financial advice. It is recommended that individuals conduct their own research or consult a qualified financial advisor and consider their financial situation and risk tolerance before making any investment decisions.
Editors' picks
NSE:REDINGTONLong
by NiftyNotions
1
Morning Star + Flag pattern - Trend ReversalMorning Star - The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them. Flag Pattern - A sudden move in either direction followed by the price consolidates in a range following the sharp move, and the price then continues to move in the same direction after it breaks out of the range. Its visual resemblance to a flag and a pole
NSE:MBAPLEducation
by Ashiq996
Premeier Energies - Excellent Results - Buy above 1145Excellent Results by Premier Energies One can enter above 1145 for targets of 1125/1370/1500/1700 with SL of 1082. Views invalid below 1145. #PremierEnergies - Results Snapshot Blockbuster Q2FY25 Highest ever set Rev at 1527cr vs 693cr, Q1 at 1657cr PBT at 275cr vs 70cr, Q1 at 245cr Solid margin expansion YoY, decent QoQ PAT at 206cr vs 52cr, Q1 at 198cr OCF 845cr vs 35cr Strong capex plans and order book 👏 Capex plans: 1 GW TopCon cell line by Q4FY25 Will start contributing in revenues.from Q1FY26 Management confident of sustaining margins at current level 4 GW Integrated TopCon cell and module facility Module: Q4FY26 Cell: Q1FY27 1.2 GW cell manufacturing in US FY28 2 GW wafer manufacturing FY26 commisioning 36,000 T aluminium frame manufacturing FY26 Orderbook: Strong 3860 MW 6233cr Pipeline: 4250 MW 5738cr Net debt free D/ E at 0.55x Q2FY25: Rev at 1553cr vs 702cr⏫121% Q1 at 1668cr EBITDA at 407cr vs 107cr⏫280% Q1 at 370cr⏫10% QoQ OPM at 26% vs 13% Q1 at 22% PAT at 206cr vs 53cr⏫290% Q1 at 196cr Disclaimer : Educational Analysis and not a recommendation
PLong
by jain_geetesh
2
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 VHL BUY TODAY SELL TOMORROW for 5%
NSE:VHL
by Kapil-Mittal
3