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Rounding Bottom (Cup and Handle) Setup on Suryalakshmi Cotton MiThis chart displays a long-term bullish setup forming in Suryalakshmi Cotton Mills Ltd. on the weekly timeframe. The stock has been consolidating for several years, showing a distinct rounding bottom pattern, which is a classic reversal signal often associated with significant upside potential. Here's a detailed breakdown of the trade idea: Technical Observations: Rounding Bottom Formation: The price action from 2014 to 2024 clearly outlines a massive rounding bottom, suggesting that the stock has transitioned from a bearish to bullish phase. This structure also aligns with a cup and handle-like formation, providing further confirmation of a strong reversal. Support Trendline: The price has consistently respected a rising support trendline in the current phase of the rally, indicating bullish momentum. Key Resistance Levels: Selling Order Block: The stock is approaching a critical zone of supply between ₹195 and ₹250. This area corresponds to previous highs and is a strong resistance zone to watch for profit booking. All-Time High: The ₹250 level remains a psychological barrier. RSI Oscillator: The Relative Strength Index (RSI) is shifting between bullish and bearish zones, currently climbing towards bullish levels, signaling potential continuation. Volume and Price Action: Volume is gradually increasing in recent weeks, confirming the breakout potential from the rounding bottom. Trade Setup: Entry : Look to accumulate near the current levels around ₹81–₹85, especially on dips along the support trendline. Stop Loss: Place a stop loss below the recent support zone at ₹63 to protect against downside risk. Target Levels: 1st Target: ₹195 (Selling order block). 2nd Target: ₹250 (All-time high). Beyond ₹250: If the breakout sustains above the all-time high, the price could rally further into uncharted territory. Risk-Reward Ratio: The trade offers an excellent risk-to-reward ratio, with a potential upside to ₹195 and ₹250, compared to the limited downside risk to ₹63.
BSE:SURYALAXMILong
by MyT_Trader
Crude Oil MCX Future Intraday Technical Analysis for 22 Nov🚀 Unlock the potential with my #CrudeOil Intraday Technical Analysis for 22 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 (RTP): 5,905 📅 Day Range: 132 📈 Long Position 🔹 Buy Above: 5,908 📊 Average Position: 5,892 🎯 Target 1: 5,987 🎯 Target 2: 6,037 ⛔ Stoploss: 5,864 📉 Short Position 🔹 Sell Below: 5,876 🎯 Target 1: 5,823 🎯 Target 2: 5,773 ⛔ Stoploss: 5,920 ✨ 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! 📈 #CrudeOil #CrudeOilMCX #Commodities #TradingSignals #IntradayTrading #MCX #NumroTrader
MCX:CRUDEOIL1!
by NumroTrader
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
Suzlon Swing Trade, Bouncing from a big demand zoneNSE:SUZLON Bouncing from a big demand zone and Crossing the 200 EMA Comfortably, today around 34.1 mln shares traded in 31 block deals at a premium of 2.7%-5% to the previous close which looks good for further upside. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions .
NSE:SUZLONLong
by Karanshah137
GARTLEY Harmonic Pattern: How does it work?!GARTLEY Harmonic Pattern: How does it work?! The "Gartley", as its name suggests, was introduced by Henry Mackinley Gartley. All other harmonic patterns are modifications of the Gartley. Its construction consists of 5 waves: XA: This could be any violent movement on the chart and there are no specific requirements for this movement in order to be a Gartley start AB: This is opposite to the XA movement and it should be about 61.8% of the XA movement. BC: This price movement should be opposite to the AB movement and it should be 38.2% or 88.6% of the AB movement. CD: The last price movement is opposite to BC and it should be 127.2% (extension) of CD if BC is 38.2% of BC. If BC is 88.6% of BC, then CD should be 161.8% (extension) of BC. AD: The overall price movement between A and D should be 78.6% of XA How to use it Point D is where you come in, man! It's your entry signal. -If it's an M pattern, you buy. -If it's a W, you sell2. Where to put your STOP LOSS?? -Below or "X" if you are a BUYER. -Above "X" if you are a SELLER. These percentages are based on the famous Fibonacci ratios, as mysterious as the pyramids of Egypt! Ultimately, the Gartley pattern is like a good Cuban cigar: it requires patience and experience to be appreciated at its true value. But once you master it, it can become a powerful tool in your trading arsenal, as effective as a punch from Rocky Balboa!
BINANCE:BTCUSDEducation
by Le-Loup-de-Zurich
Can a Corporate Titan Withstand the Tremors of Allegations?In the high-stakes arena of global business, few narratives captivate the imagination quite like the meteoric rise and sudden turbulence of an economic powerhouse. The Adani Group once celebrated as a paragon of Indian entrepreneurial success, now finds itself navigating treacherous waters of legal scrutiny and market skepticism. What began as a remarkable journey of a diamond trader turned infrastructure magnate has transformed into a complex tale of ambition, power, and potential corporate misconduct that challenges our understanding of success in the modern economic landscape. The allegations against Gautam Adani—ranging from securities fraud to a purported massive bribery scheme—represent more than just a corporate challenge; they symbolize a pivotal moment of reckoning for corporate governance in emerging markets. With U.S. prosecutors indicting Adani and a damaging report by Hindenburg Research accusing the group of "the largest con in corporate history," the conglomerate has witnessed a staggering $68 billion evaporation of market value. This precipitous fall from grace serves as a stark reminder that even the most seemingly invincible corporate empires can be vulnerable to the harsh light of forensic scrutiny and legal investigation. The unfolding saga transcends the individual narrative of Gautam Adani, touching upon broader themes of economic development, political connections, and the delicate balance between entrepreneurial ambition and ethical conduct. As the Adani Group confronts these unprecedented challenges, the world watches with bated breath, understanding that the outcome will not merely determine the fate of one business empire, but potentially reshape perceptions of India's economic credibility on the global stage. The resilience, transparency, and response of the Adani Group in the face of these allegations will serve as a critical case study in corporate accountability and the complex interplay between business, politics, and regulatory oversight. Ultimately, this narrative invites us to reflect on the fundamental principles of corporate integrity and the thin line between visionary entrepreneurship and potential systemic manipulation. As investors, policymakers, and global observers, we are compelled to ask: Can reputation, built over decades, withstand the seismic tremors of serious allegations? The Adani Group's journey offers a compelling, real-time exploration of this profound question, challenging our assumptions about success, power, and the intricate mechanisms that govern global business ecosystems.
NSE:ADANIENTShort
by signalmastermind
SwingTrendline Breakout: The orange trendline highlights a resistance level formed by previous highs. The stock has recently broken above this resistance with significant upward movement, indicating bullish momentum. Support Level: A strong support is evident around ₹860.90 (marked by the blue horizontal line). This level has been tested multiple times in the past, making it a reliable support. Volume Analysis: The volume has spiked alongside the price breakout, suggesting strong buying interest and confirmation of the breakout. Current Price: The stock is trading at ₹1,156.20, up by ₹154.55 (+15.43%) during the observed period. Market Sentiment: The breakout and increased volumes indicate positive market sentiment for this stock. Future Outlook: If the momentum continues, the stock might aim for new highs. However, investors should monitor for profit-booking or corrections near resistance levels.
NSE:PGILLong
by iamsaurabh533
SwingPrice Trend: The stock has been in a consolidation phase in recent years after recovering sharply from the COVID-19 crash in 2020. There is a noticeable breakout attempt above a key resistance trendline (orange line), indicating bullish momentum. Resistance Levels: The horizontal line at ₹1,350 represents a critical resistance zone. This level appears to have been tested multiple times over the past few years and has now been breached. Breakout Confirmation: The weekly candle has closed above the resistance line, indicating a possible breakout. The breakout suggests that the stock might rally higher, targeting the next projected level of approximately ₹1,850 (a 37% potential upside). Volume: The trading volume for the breakout week is relatively stable, though significant spikes in volume would further validate the breakout strength. 200 EMA Perspective: If included, the stock's 200 EMA (Exponential Moving Average) might be acting as support below current levels, providing bullish sentiment. Conclusion This chart hints at a potential bullish breakout from long-term resistance. If market sentiment supports this move, the stock could continue its upward trajectory. However, traders should keep an eye on the volume and watch for sustained closes above ₹1,350 to confirm the breakout.
NSE:EXPLEOSOLLong
by iamsaurabh533
Gold Intraday Technical Analysis for 21 Nov.🚀 Unlock the potential with my #Gold Intraday Technical Analysis for 21 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: 76,034 📅 Day Range: 758 📈 Long Position 🔹 Buy Above: 75,884 📊 Average Position: 75,795 🎯 Target 1: 76,502 🎯 Target 2: 76,792 ⛔ Stoploss: 75,632 📉 Short Position 🔹 Sell Below: 75,706 🎯 Target 1: 75,566 🎯 Target 2: 75,276 ⛔ Stoploss: 75,958 ✨ 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! 📈 #Gold #GoldMCX #Commodities #TradingSignals #IntradayTrading #MCX #NumroTrader
MCX:GOLD1!
by NumroTrader
Nifty 50 Index Intraday Technical Analysis for 21 Nov.🚀 Unlock the potential with my #Nifty50 Intraday Technical Analysis for 21 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: 23,519 📅 Day Range: 316 📈 Long Position 🔹 Buy Above: 23,660 📊 Average Position: 23,623 🎯 Target 1: 23,714 🎯 Target 2: 23,834 ⛔ Stoploss: 23,555 📉 Short Position 🔹 Sell Below: 23,585 🎯 Target 1: 23,323 🎯 Target 2: 23,203 ⛔ Stoploss: 23,691 ✨ 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! 📈 #Nifty50 #NiftySpot #TradingSignals #IntradayTrading #NumroTrader
NSE:NIFTY
by NumroTrader
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
ADANIPORTS Breakdown WatchStock Name: ADANIPORTS Entry Point: Considering a short position if the price breaks below today's low, supported by strong open interest (OI). Stop-Loss (SL): Placed above today's high to control risk effectively. Target: Near the next key support level or adjusted based on real-time price movement. Disclaimer: This analysis is shared purely for educational purposes and is not a recommendation to trade. Please perform your own research and consult a financial advisor before making any investment decisions.
NSE:ADANIPORTSShort
by tradinggoat_2018