Nvidia at Critical Support: Key Levels to Watch After EarningsNvidia (NVDA) recently delivered impressive earnings, exceeding expectations with robust revenue growth. However, despite the strong numbers, the stock has faced a pullback, shedding about 8.5% as broader AI-related stocks also experienced a downturn. While the long-term outlook remains positive, traders are closely watching key technical levels to assess potential movements.
Major Support Levels:
$115: This level coincides with the 50-day moving average and has historically acted as strong support. A breakdown below this zone could signal further downside pressure.
$102: If selling pressure intensifies, Nvidia could test this level, representing a deeper retracement to previous price action seen in early March.
Key Resistance Levels:
$136: A critical resistance point where the stock previously peaked. A break above this level could suggest renewed bullish momentum.
$150: The next major resistance zone, marking previous highs and serving as a key psychological barrier for investors.
Despite the recent pullback, Nvidia remains a dominant force in AI and semiconductor growth. Traders should monitor these levels closely, as a break below support could lead to further declines, while an upward move beyond resistance may indicate a resumption of the long-term uptrend. Given the current market volatility, applying risk management strategies such as stop-losses and position sizing is crucial for navigating the stock’s price action.
Beyond Technical Analysis
USOIL Trade Idea (Zones) for Friday session 28-02-25After studying USOIL at higher TF and watching it's closing price i think 70.106 - 70.634 is No-trade zone for USOIL due to it's complexity at higher timeframe , i've also drawn a zone which can push price to downward direction which is represesnted by orange color in the chart if price sustained above this level then it can go to it's next resistance zone of 76.500 - 76.600 but here SL should be below the zone which is 70.106 and the zone itself is mutual in multiple timeframe so be cautious to trade in this zone and use manage Quantity , and for alternative scenario if price goes below 70.106 and sustained then we can see then 69.150 level because it was the last swing created and below it other levels are also mentioned in the chart , look for reversal and continuation pattern to enter in trade .
Breakout and retest done; time to buy ? | CMP: ₹228.65 Greaves Cotton has confirmed a breakout and successful retest on the monthly charts, signaling a strong bullish setup. Adding to the conviction, renowned investors Dolly Kedia and Porinju Veliyath have recently invested in the stock, reinforcing a positive outlook for the company.
The current decline appears to be mere panic selling with low volumes, presenting a great buying opportunity for long-term investors.
📈 Technical + Fundamental Strength = High Conviction Buy!
🔹 CMP: ₹228.65
🔹 Support Zone: ₹215-220
🔹 Target: ₹270 / ₹300+
🔹 Stop-loss: ₹210 (Strict)
#GreavesCotton #StockMarket #Investing #Breakout #TradingView 🚀📊
GOLD Trade Idea (Zones) for Friday session of 28-02-25We've got some level's to watch out for this instruments to trade on friday 2881.04 - 2882.55 is the minor Resistance zone highlighted as orange zone in the chart if price goes beyond this and sustained then it will go to it's next resistance zone which is 2889 - 2895 this resistance zone can push price to downward direction look for reversal pattern at this zone and put SL above this zone minor resistance can also cause price to go downward so look for reversal signs to short it minor support level of gold is 2867 - 2868 from here it can for some swing if this price breaked then we can get 2860 - 2854 level , so watch it carefully for the good trade.
Sharp Fall in NIFTY 50 - Probable ReasonsIndian Equity Market Declines Due to Global Trade War Concerns
• The Sensex and Nifty experienced intense selling pressure today due to concerns about a global trade war.
• The Sensex fell by 1,009.64 points or 1.35% at 73,602.79, while the Nifty fell by 316.25 points or 1.4% at 22,228.80.
• The market capitalistion of BSE-listed firms declined by Rs 6.1 lakh crore, and the Nifty hit a 9-month low.
• The Nifty 50 has fallen about 5% so far in February, its longest losing streak in 29 years.
Key Factors Behind Market Decline
• Trade war fears: US President Donald Trump announced 25% duties on imports from Canada and Mexico on February 27, and an additional 10% duty on goods from China on February 27, heightening fears of an escalating trade conflict.
• Weak Asian markets: Hong Kong equities fell on Friday, and Chinese shares also fell, with the Hang Seng index slipping 2.3%.
• Nvidia Q4 results effect: The Nikkei share average hit a five-month low of 37084.44 on Friday, dragged by chip-related stocks after Nvidia's strong growth forecast did little to lift sentiment.
• US economy fears: The IT index tumbled 4% as data showed that U.S. weekly jobless claims rose more than expected last week, adding to worries that the world's largest economy may be slowing.
NIFTY 50 is below 20 EMA (Black line), 50 EMA (Orange line) and just above 100 EMA ((Sky Blue line) on weekly chart.
Support level: 21750, 20269
CENTURYPLY - VIEWStocks looks good for a Short Sell with Stop Loss of 880 on Weekly Closing basis and with a Target of Rs. 575 thereafter keep Trailing Stop Loss.
Trader's/Investors who are on Long Side be little cautious on this counter.
Disclaimer: All information give is for educational purposes. Please consult your financial advisor before investing.
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DIXON - SHORTShort Dixon up to 16,000
Targets: 14,325, 13,720
Stop Loss: 16,500
Note: This is a slightly risky trade on short futures or buying Puts, as the majority of the price movement has already occurred today. The stock may consolidate for a while before making any further significant moves.
Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Please consult with a qualified financial advisor before making any investment decisions.
GOLD - BREAKDOWN OF RISK ZONE 2880 MAY TRIGGER TREND CHANGESymbol - XAUUSD
Gold is deviating from its recent trend and is now testing the panic and risk zone at 2880 as part of a corrective phase. A retest of this level would increase the likelihood of a potential trend reversal.
The recent loss in gold's upward momentum can be attributed to the uncertainty surrounding President Trump's tariff plans and ongoing economic challenges in the United States. Conflicting statements from the president are providing support for the dollar, while rising bond yields are exerting downward pressure on gold prices.
Market participants are closely monitoring the upcoming US GDP data. Should the results fall short of the forecasted 2.3% there is potential for gold to appreciate. Additionally, speeches from Federal Reserve officials will be crucial, but the key factor remains President Trump's remarks, which could significantly influence market sentiment.
From a technical standpoint, the market structure is currently bearish, suggesting that a continuation of the decline is likely after a brief corrective phase.
Support levels: 2878, 2888
Resistance levels: 2890, 2907
A false breakdown of the aforementioned support levels, following a significant decline, could lead to a correction. Initially, the price may move toward the 0.5 Fibonacci retracement level, and after a brief pullback, the 0.7 Fibonacci level could be tested. However, market participants should closely observe the price action at these levels.
If gold continues its downward movement, attention will be focused on the 2880 level. Conversely, if the price struggles to move lower and begins testing resistance, there is a possibility that, amidst heightened risks, the market could shift back into a growth phase.
NIFTY fall & probability observation1) On Aug 5th, 2024 - Nifty's low (23,893.70).
2) On Nov 12th, 2024 - Nifty broke Aug 5th low and fell (-2.64%).
3) On Nov 21st, 2024 - Nifty's low (23,263.15).
4) On Jan 13th, 2025 - Nifty broke Nov 21st low and fell (-2.10%).
5) On Jan 27th, 2025 - Nifty's low (23,786.90).
As per the above observations of NIFTY chart data, Every time when nifty broke the previous low It fell an average of (-2%).
> The fall % difference between the (Aug 5th, 2024 to Nov 12th, 2024) is (-2.64%) - (-2.10) = 0.54%.
> Observing, Assuming and Applying this % difference data with the Jan 27th, 2025 low (23,786.90),
That is, (2.10% - 0.54%) = 1.56%
23,786.90 - 1.56% = 22,431.
-> FIB Retracement - Marking the Nifty's election day's (Jun 4th, 2024) low of 21,281.45 and Nifty's All Time High (Sep 27th, 2024) 26,277.35, The next level (0.786) of fib retracement comes around 22,350.
-> The above observation data collides with Fib Retracement.
Final Comment: If nifty breaks the level of (22,786.90), The next support would be 22,400 to 22,350. If it breaks further, Nifty may test the most major support of 21,800.
XAU/USD - Key Volume Zones & Potential ReversalGold (XAU/USD) has shown significant bearish momentum, but price is now testing key volume areas. This setup highlights potential support and resistance levels that could determine the next move.
📌 Key Insights:
✅ High volume node (HVN) acting as resistance (~$2,895).
✅ Strong sell-off, but price is attempting a bounce from the demand zone.
✅ If buyers gain control, we might see a retracement toward $2,900+.
✅ Failure to hold support could push price lower towards $2,870.
Watch for price action confirmation before entering a trade. Let me know your thoughts! 🔥📈
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis
Nifty Trade AnalysisAs of February 10, 2025, the Nifty 50 index is experiencing significant downward pressure. The index has fallen below the 23,350 level, with a decline of 201.30 points or 0.85 percent, currently trading at 23,358.65. This represents a notable drop from the previous trading sessions.
## Recent Price Action
The Nifty has shown volatility in recent days:
- On February 7, 2025, the index closed at 23,559.95, down 43.40 points.
- The market had been holding above the 21 EMA on the daily chart, indicating a positive short-term trend.
- However, the current sharp decline suggests a potential shift in market sentiment.
## Support and Resistance Levels
Based on recent analysis:
- **Support**: The immediate support range is between 23,400 and 23,000.
- **Resistance**: The key resistance levels are identified in the range of 24,100 to 24,600.
## Market Factors
Several factors are influencing the current price action:
1. **Global Cues**: The market movement is heavily dependent on global economic indicators and events.
2. **Sector Performance**: Metal stocks have shown strength, with the Nifty Metal index rising over 2% recently. However, PSU Bank, FMCG, Media, and Oil & Gas sectors have faced pressure.
3. **Options Activity**: The highest put writing was observed at 23,400, while the highest call writing was at 24,100, indicating trader expectations.
## Outlook
The current price action suggests caution. Traders and investors should closely monitor the 23,000-23,400 support range. A breach below this could lead to further downside. Conversely, any recovery would face resistance at the 24,100 level. As always, global cues and domestic economic data will play crucial roles in determining the Nifty's short-term trajectory.
GDP - gold price continues to decrease⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) edges higher to around $2,920 in early Asian trading on Thursday, supported by trade tensions and economic uncertainty that fuel demand for safe-haven assets.
On Wednesday, US President Donald Trump reaffirmed plans for 25% tariffs on Canada and Mexico and announced similar measures for the European Union. He added that tariffs on Canada and Mexico would take effect on April 2.
Investors remain focused on further developments in Trump’s trade policies, as uncertainty around tariffs could drive more safe-haven demand for gold.
⭐️ Personal comments NOVA:
Downtrend continues today, selling pressure adjusts to lower price zone: pay attention 2877
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2878 - $2876 SL $2871
TP1: $2885
TP2: $2892
TP3: $2900
🔥 SELL GOLD zone: $2939 - $2941 SL $2946
TP1: $2930
TP2: $2920
TP3: $2910
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
EURUSD SnR levels for 27 FebI have marked SNR Levels in the chart.
Support - 1.04354
Resistance - 1.05321
According to me these levels are the extreme levels of price for today. You can take reversal trade from these levels.
Use these levels along with your own analysis for better results.
My previous SNR levels were respected as I predicted.
Also a based on the same resistance level hits take profit.
SRF - BREAKOUT TRADE OPPORTUNITYSymbol - SRF
CMP - 2750
SRF Limited, a diversified global player, operates in segments like chemicals, textiles, packaging films, and fluorochemicals. The company is a leader in its respective industries, offering products across industries ranging from automotive to pharmaceuticals. With a strong presence in both domestic and international markets, SRF has built a reputation for delivering innovation and sustainable solutions.
SRF stock has recently broken out of a significant resistance zone that had held for the last 3.5 years, signaling a potential shift in its price action. This breakout is a critical technical event, as it suggests that the stock may now enter a new phase of upward momentum, having overcome a major hurdle. Currently, the stock is in the process of retesting this breakout zone, which is a natural price action behavior that presents an attractive entry point for long positions. The stock is now trading at around 2750, providing a solid opportunity for investors who are looking for a favorable risk to reward setup.
Looking at the broader technical picture, the target for this breakout is 3500, which aligns with past resistance levels and technical projections. Given the strength of the breakout and the current retest of the breakout zone, this suggests that the stock could head toward the target level over the medium term. The stop loss for this trade can be placed at 2500, which provides a reasonable cushion in case the price action reverses.
From a fundamental perspective, SRF's consistent performance across its diverse business segments, strong market positioning, and impressive growth outlook support the case for a potential long-term bullish trend. The company’s fundamentals, coupled with this technical breakout, provide a solid base for investors to initiate long positions at these levels.
In conclusion, SRF’s recent price action and technical breakout suggest a promising opportunity for medium to long term investors. The stock offers a favorable risk to reward ratio at its current price level, and the target of 3500 looks achievable over the medium term. The downside risk appears manageable, with the stop loss placed at 2500
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trading Mindset: Mastering the Battle Between Emotions and LogicHello Traders!
In today’s post, we’re going to dive deep into one of the most crucial factors in trading: Trading Mindset . As traders, the biggest battle we face is the constant clash between emotions and logic . This battle can determine whether you succeed or fail in the market. Let's explore this fight and how to navigate it effectively.
The Emotional Trader:
Emotions can lead traders to make irrational decisions based on fear , greed , or frustration . These emotions can lead to impulsive actions that harm long-term profitability.
Fear: Fear often leads traders to exit a trade too early, locking in small profits. Fear of losses can result in hesitation, missing out on opportunities even when the market is in a favorable position. This fear can also lead to avoiding trades altogether.
Greed: Greed pushes traders to hold onto winning positions for longer than necessary, hoping for higher profits. While it might work occasionally, it often leads to larger losses when the market reverses unexpectedly.
Frustration: After a losing trade, frustration can cloud a trader’s judgment. In a bid to recover, traders may start revenge trading—taking unplanned and impulsive positions to "get back" the lost money. This often results in deeper losses.
The Logical Trader:
The logical trader, on the other hand, uses patience, discipline, and risk management to drive their actions. They focus on strategy rather than reacting to short-term market fluctuations.
Patience: The logical trader understands that trading isn’t about instant rewards. They wait for the right setups that fit their strategy, taking their time to ensure they’re making calculated moves. This patience is key to managing emotions.
Risk Management: A crucial part of trading logic is managing risk. The logical trader sets clear stop losses , calculates position size, and never risks more than they are willing to lose. They understand that losing is part of the game, but managing losses is what keeps them in the game long-term.
Discipline: Discipline in trading means sticking to your plan, no matter what the market is doing. A trader with strong discipline follows their strategy, ignores the noise, and avoids making emotional decisions.
Key Takeaways:
Mastering emotions is essential. Traders who can manage their fear, greed, and frustration make better, more rational decisions. Emotional control is the key to long-term success.
Logic and strategy are the backbone of successful trading. It’s not about making quick decisions or chasing the market—it’s about having a clear plan and executing it consistently.
Consistency and discipline are the true markers of successful traders. A trader who consistently follows a strategy and manages emotions can weather both market highs and lows.
Conclusion:
Trading is not just about reading charts and making decisions based on market data. It's about managing your mindset . The battle between emotions and logic is ongoing, but understanding how to balance both will make you a much better trader. Emotions can cloud judgment, but with the right mindset, you can make logical decisions that lead to success.
Understanding Bullish & Bearish Candles FormationHello Traders!
In today’s post, we’ll be discussing the Candlestick Formation setup, which is essential for reading price action and identifying potential trend reversals. Candlestick patterns are a crucial tool for traders to understand market sentiment and predict future price movements. Let’s break down the two most common formations: Bullish Candlestick and Bearish Candlestick .
Bullish Candlestick Formation Setup
What is a Bullish Candlestick?
A bullish candlestick appears when the price closes higher than it opened. This formation suggests that buyers are in control and the price is likely to rise further.
Key Components of the Bullish Candlestick:
Body : The green section between the open price and the closing price . This is the main body of the candle, indicating the price movement during that time period.
Wicks : The thin lines above and below the body of the candle. The upper wick shows the highest price reached during the period, while the lower wick shows the lowest price.
Closing Price : The point at which the price closed for the trading period. A higher closing price indicates strong bullish momentum.
Open Price : The price at which the asset opened at the start of the trading period.
Low & High : The low is the bottom of the lower wick, and the high is the top of the upper wick.
When to Look for Bullish Candlesticks?
A bullish candlestick typically forms at the bottom of a downtrend, indicating a potential reversal or continuation to the upside. It’s a signal that the market is gaining upward momentum.
Bearish Candlestick Formation Setup
What is a Bearish Candlestick?
A bearish candlestick forms when the price closes lower than it opened. This indicates that sellers have control, and the price might continue to fall.
Key Components of the Bearish Candlestick:
Body : The red section between the open price and the closing price , representing downward price movement during the period.
Wicks : Similar to the bullish candlestick, the upper wick shows the highest price during the period, and the lower wick shows the lowest.
Closing Price : The point at which the price closed during the period, showing the downward momentum of the asset.
Open Price : The price at which the asset opened, showing the start of the downward movement.
Low & High : The high is at the top of the upper wick, and the low is at the bottom of the lower wick.
When to Look for Bearish Candlesticks?
A bearish candlestick typically forms at the top of an uptrend, signaling a possible trend reversal or a continuation to the downside. It suggests that selling pressure is building up.
Key Differences: Bullish vs Bearish Candlesticks
Bullish Candlestick:
The close is above the open .
Indicates upward price movement or buying strength.
Appears during a downtrend reversal .
Bearish Candlestick:
The close is below the open .
Signals downward price movement or selling pressure.
Appears during an uptrend reversal .
Trading with Candlestick Formations
Confirm the Trend : Look for candlestick formations at key levels, such as support and resistance, or after a strong uptrend or downtrend.
Use Multiple Candles : Don’t rely on just one candlestick. Look for multiple bullish or bearish candles to confirm the direction.
Combine with Other Indicators : Use candlestick patterns in conjunction with technical indicators like RSI, MACD, or moving averages for stronger confirmation.
Pay Attention to Volume : High volume with a bullish or bearish candlestick gives more weight to the signal.
Conclusion
Candlestick formations are one of the most powerful tools in a trader’s arsenal. By understanding the bullish and bearish setups, you can predict market movements and make informed decisions. Remember, always confirm the pattern with other indicators and never trade based on just one candlestick.
What candlestick patterns do you use in your trading strategy? Let me know in the comments!
US100 View for feb last weekUS100 is reversing from the demand zone and waiting for the confirmation to enter buy side.
Here is the view for educational purposes
Buy zone is marked between 20926.5 - 21040.8. It will be the high probability area. So, wait for the confirmation before entry.
Trade with 1:3 RR and it might touch all time high again. Trade accordingly.
It might be weak below the marked zone.
Trade after the confirmation.
Emotions vs. Logic: The Biggest Battle in Trading!Hello Traders!
In today’s post, let’s talk about one of the biggest battles every trader faces— Emotions vs. Logic . As traders, we often struggle between the two: the emotional side that wants to act impulsively and the logical side that urges patience and strategy. Let’s dive into why this battle exists and how to navigate it effectively.
The Role of Emotions in Trading:
Fear: Fear can make you exit a position too early, causing you to miss out on profits, or even worse, not enter a trade at all because you’re scared of losses.
Greed: Greed can make you hold on to a position longer than necessary, hoping for more profit, but ultimately leading to larger losses when the market turns.
Overconfidence: After a few successful trades, overconfidence can make you take larger risks without proper risk management, increasing the chances of significant losses.
The Role of Logic in Trading:
Strategy: Logic allows you to trade based on a well-thought-out strategy , which includes entry and exit points, stop losses, and profit targets.
Discipline: A logical approach requires following the trading plan without getting swayed by temporary market fluctuations.
Risk Management: Logic always keeps risk in check, ensuring that you don't take trades that go beyond your risk tolerance.
Balancing Emotions with Logic:
Understand Your Emotions: The first step is to back off and acknowledge your emotions. Are you acting out of fear, greed, or excitement? Understanding this can prevent you from making impulsive decisions.
Stick to the Plan: Once you have a clear strategy, trust the logic behind it. Emotions will try to cloud your judgment, but discipline and sticking to the plan will keep you on track.
Take Breaks: If you find yourself overwhelmed by emotions, take a break and step away from the screen. Giving yourself space will help you make logical decisions when you return.
Key Takeaways:
Emotions are natural but must be managed to avoid impulsive decisions.
Logic and strategy should guide your trades, ensuring consistency and discipline.
The balance between emotions and logic is the key to becoming a successful trader.
Conclusion:
The battle between emotions and logic is real, but understanding how to manage both is crucial for your trading success. Trust in your strategy, stick to your plan, and manage your emotions effectively to become a more disciplined and successful trader.
Nifty 50 inverted hammer is Reversal sign? key levels on chart!The Nifty 50 📉 closed flat with a slight negative bias after rangebound trading today. It continued its downward move for the sixth consecutive session but stayed above the 22,500 zone for another day. 📊 The formation of an Inverted Hammer candlestick 🔨, along with India VIX dropping below 14 📉 and RSI in the oversold zone 🛑, suggests a potential reversal in the coming sessions. Resistance is at 22,620 🚀, and key support is at 22,510, with 22,420 being the next critical level 🔑.
Monthly 20 SMA 22,420 is critical level and strong key support if break below trendline. Opening at 22,516, the Nifty traded within the range of 22,625 and 22,514 before closing at 22,548, down 6 points. A small bullish candle with a long upper shadow formed, resembling the Inverted Hammer pattern 🔨, suggesting a potential rebound if confirmed in the next session 🕒.
#Nifty #Intraday #Banknifty