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HCLTECH shortHCL Technologies (HCLTECH) is exhibiting signs of a potential bearish trend reversal. A clear bearish divergence has formed between price and the Relative Strength Index (RSI), indicating weakening bullish momentum. Key Observations: 1. Bearish Divergence: Price has made higher highs, but the RSI has formed lower highs. This divergence suggests a potential bearish trend reversal. 2. Volume Weakness: Volume has been declining as the price has increased, indicating waning buying interest. 3. Broken RSI Support: The stock has broken below a key weekly RSI support level and has retested it, confirming the bearish bias. Trading Strategy: Short Entry: Consider shorting HCLTECH around the current price level or a slight pullback to the broken RSI support level. Stop-Loss: Place a stop-loss order at 1900 on a closing basis to limit potential losses. Profit Targets: Target 1: 1700 Target 2: 1540 Target 3: 1420
Editors' picks
NSE:HCLTECHShort
by VaibhavG1910
2
Nifty Analysis for 21-22 Nov Based on elliott wave forecasting on hourly chart we are in either wave iv or v of y of wxy correction. Which gives two possible scenarios as given in chart Green : we are wave iv with a and b completed and c can continue in future. Possible trade given in green box. Red: we are wave iii of iv and go like red arrow, trade given in red box. This is for educational purpose and not an advice/recommendation to buy or sell. Do your research before trading. Happy Trading.
NSE:NIFTY
by IMStockwala
1
Gold will rebound from trend line and grow to 2700If we look at the chart, we can see how the price started falling inside the descending channel and then fell to the resistance level, coinciding with the resistance zone. The price traded in this area for a while and later broke through 2735 points, after which it fell to almost the support line of the channel, and then turned around and rose to the resistance line, and then continued to fall. In a short period of time, the price fell to the support level, coinciding with the support zone, and then rebounded, and then rose slightly, and then continued to fall, breaking through 2595 points. Gold later touched the trend line, and then turned around and began to rise, exiting the descending channel. The price soon rose to 2595 points, broke through again, and continued to rise near the trend line. So far, the price continues to rise near this line, and I expect XAUUSD to rebound from the trend line and start to rise to 2700 points.
OANDA:XAUUSD
by t60pt60p
1
Nifty Expiry Support&Resistance Levels for 21 st Nov ThursdayImmediate Support: 23425 to 23350 area: If this support range holds, you are suggesting a possible long trade. The targets for this long position would be: 23500 23550 23600 23670 Voilation of supports and sustains below 23200 and 23k targets will open up. Immediate Resistance: 23670 area: This level is critical. You are considering two possibilities here: Rejection at 23670: If price reverses from this level, it could be an opportunity to short the market. Breakout above 23670: A breakout would signal a potential long trade, with targets extending up to the next resistance range of 23750 to 23800,23850. Expected Range for the Week: 450-point range: Expecting Nifty to trade within a range of approximately 450 points unless geopolitical tensions (like the Russia-Ukraine conflict) cause significant market disruption. This is a well-structured approach with clear levels for both support and resistance, and it effectively accounts for both technical signals and geopolitical risks. Keeping an eye on these levels should help in managing trades this week.
NSE:NIFTY
by rakeshreddym
2
GRASIM - UP for a 10% correction from 2500 levels? CMP - 2508 TF: daily 5 wave impulse from June'22 lows (1271) has ended at 2877.75. The Zone for the 5th wave termination was between 2731 to 2923 Internal counts are highlighted/mentioned in the chart for easy understanding. Upon completion of the 5 wave impulse, price came down in single leg about 380 points. We can consider this as wave A and then a corrective rise to 2833 for wave B and thereby making a Double TOP. Price is now trading in the C wave and could potentially head towards 2200-2100 levels in the coming sessions. This fall could very well be a 5 wave structure too.. but for now, I have labelled it as 3 wave down-move only. Break of the 2-4 trendline (rising trendline from wave 2 low of 1521 and wave 4 low of 2171) would confirm trend reversal For now. the AVWAP from the B wave top at 2645 will act as the RESISTANCE - Price has broken the swing low of 2505 and consolidating at the breakout zone. Needless to say, the first dip to this level was bought in to already.. the current consolidation could very well signify a potential breakdown. - the 2490-2510 range is also happens to be the 200 DEMA.. Price is consolidating here instead of bouncing up strongly. - Price on Daily TF is trading well below the Cloud, Base and Conversion lines.. - The next potential SUPPORTS are 2171 June'4th Low, and 2210 (AVWAP from the lows) - Since this is a retracement of the entire impulse from 1271 to 2877, the 50% fib level is placed at 2075 - In harmonic pattern, the minimum expected target is around 2250 - Assuming that this is a 3 wave swing, I have considered alternate Shark pattern in Harmonics.. if it goes past the X leg at 2182, then Cypher pattern will come in to play (target would be 1900 to 1700).. to be reviewed how it acts at 2000-2200 levels first. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:GRASIMShort
by Murthy_Santhosh
3
Nifty Intraday Levels | 21-NOV-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback
NSE:NIFTY1!
by ReviveTraders
1
Is this stock potential? How can we trade? HDFC AMC All of the major index and stocks are trading in bearish structure. Market is potentially discounted and we can look for some buy opportunities. Looking at HDFC AMC stocks, it is still trading in Bullish structure. For any buy setup we would wait for a Change of structure on lower timeframe , mostly on 15 mins. Look for MSs on 15min and then we can target the daily recent high as future targets. Trade safe. This is just for educational purposes.
Editors' picks
NSE:HDFCAMCLong
by Santoshsharma9
1
USDJPY: Uptrend Faces Challenges at 156.65 ResistanceUSDJPY is currently trading at 155.68, reflecting a significant upward momentum in recent sessions. After successfully testing the strong support area at 153.40—a confluence of the 89 EMA and an ascending trendline—the pair surged sharply toward the key resistance zone at 156.65. However, the 156.65 – 157.00 zone is considered a "pressure area," with the potential to trigger a short-term correction. If the price fails to break above this resistance, USDJPY could pull back to test support at 154.70 or even deeper at 153.40. On the news front, the USD remains strong, driven by expectations that the Fed will maintain high interest rates, while the Bank of Japan continues its accommodative policy. Investors should pay close attention to key U.S. economic data, such as PMI figures and speeches from Fed officials this week, as these factors will strongly influence USDJPY's price action. Strategy: Monitor price reactions at the 156.65 resistance zone. A breakout could target 157.50, while rejection at this level increases the likelihood of a pullback toward support levels.
by Vanna-Cris
USDCNH SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDUSDCNH SHOWING A GOOD UP 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
Long
by tradergyan01
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
HOW HIGH CAN BITCOIN GO?Here is a detailed analysis based on Bitcoin's previous cycle. Analyzing the previous cycle chart on the weekly timeframe revealed an interesting report on the importance of technical analysis. We could have easily predicted the blow-off top by using Fibonacci retracement on different tops and pullbacks of the previous cycle. So, I used the same analysis this time to see what it tells about this cycle. But it is important to note that this is for first leg of the bull cycle only, which will be followed by the second leg. The first top will come at about 160K. #BTC #CRYPTO
COINBASE:BTCUSDLong
by shaswatmayank14
1
BTCUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDBTCUSD SHOWING A GOOD UP 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:BTCUSDLong
by tradergyan01
2
Natural Gas MCX Future Intraday Technical Analysis for 20 Nov.🚀 Unlock the potential with my #NaturalGas Intraday Technical Analysis for 20 November 2024! ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ 📍 Range Trigger Point: 255.20 📅 Day Range: 12.90 📈 Long Position 🔹 Buy Above: 253.27 📊 Average Position: 251.75 🎯 Target 1: 263.17 🎯 Target 2: 268.10 ⛔ Stoploss: 248.97 📉 Short Position 🔹 Sell Below: 250.23 🎯 Target 1: 247.23 🎯 Target 2: 242.30 ⛔ Stoploss: 254.53 ✨ With over 6 years of research and back-tested strategies, I provide clear intraday and positional trading levels for indices such as Nifty50, Bank Nifty, Fin Nifty, and Mid-Cap Nifty, along with commodities like Crude Oil, Natural Gas, Gold, Silver, Copper, and Zinc in both US and MCX markets. My analysis is based on the position of buyers and sellers on previous day's technical charts. By studying candlestick patterns, trading volume, indicator confirmations, and other important signals, I identify the best price ranges, entry points, timing, and appropriate stop-loss levels. I teach a specific trading approach based on live market confirmations to make the most of these levels. Follow and connect with me to learn how to effectively implement these strategies and improve your trading results! 📈 #NaturalGas #NaturalGasMCX #Commodities #TradingSignals #IntradayTrading #MCX #NumroTrader
MCX:NATURALGAS1!
by NumroTrader