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Rune Thorchain Bullish Setup & Crypto Commentary - Rune is currently trading at 5.5$ - Market Structure has so far remained Bullish where we can see a continuation of higher highs and higher lows - Spot buyers can easily expect Rune to pierce 6-6.5$ soon. - Long Term targets can be 7.8-11$ - Bitcoin has a high chance of filling its Fair Value Gap and mitigating 62,000$ if that scenario gets fulfilled - Accumulation Zones for Rune in a DIP - 4.1-4.6$ - Manage risk and do not FOMO for entries and get trapped in late buying
Long
by VKtradesimbalance
Silver MCX Future Technical Chart Analysis for 28th October🚀 Unlock the potential with my #Silver MCX Future Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 97134 📅 Day Range: 2449 📈 Long Position 🔹 Buy Above: 97133 📊 Average Position: 96845 🎯 Target 1: 98647 🎯 Target 2: 99583 ⛔ Stoploss: 96317 📉 Short Position 🔹 Sell Below: 96556 🎯 Target 1: 95621 🎯 Target 2: 94685 ⛔ Stoploss: 97372 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Silver #MCX #TradingSignals #MCXLevels #TradingTips #SilverLevels
MCX:SILVER1!
by NumroTrader
Gold MCX Future Intraday Technical Analysis for 28th October🚀 Unlock the potential with my #Gold MCX Future Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 78532 📅 Day Range: 744 📈 Long Position 🔹 Buy Above: 78296 📊 Average Position: 78208 🎯 Target 1: 78992 🎯 Target 2: 79276 ⛔ Stoploss: 78048 📉 Short Position 🔹 Sell Below: 78120 🎯 Target 1: 78072 🎯 Target 2: 77788 ⛔ Stoploss: 78368 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Gold #MCX #TradingSignals #MCXLevels #TradingTips #GoldLevels
MCX:GOLD1!
by NumroTrader
Natural Gas MCX Future Intraday Technical Analysis for 28th Oct.🚀 Unlock the potential with my #NaturalGas MCX Future Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 258.20 📅 Day Range: 9.70 📈 Long Position 🔹 Buy Above: 256.09 📊 Average Position: 254.95 🎯 Target 1: 264.19 🎯 Target 2: 267.90 ⛔ Stoploss: 252.86 📉 Short Position 🔹 Sell Below: 253.81 🎯 Target 1: 252.21 🎯 Target 2: 248.50 ⛔ Stoploss: 257.04 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #NaturalGas #MCX #TradingSignals #MCXLevels #TradingTips #NaturalGasLevels
MCX:NATURALGAS2!
by NumroTrader
CrudeOil MCX Future Intraday Technical Analysis for 28th October🚀 Unlock the potential with my #CrudeOil MCX Future Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 6040 📅 Day Range: 163 📈 Long Position 🔹 Buy Above: 6000 📊 Average Position: 5981 🎯 Target 1: 6141 🎯 Target 2: 6203 ⛔ Stoploss: 5945 📉 Short Position 🔹 Sell Below: 5961 🎯 Target 1: 5939 🎯 Target 2: 5877 ⛔ Stoploss: 6016 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #CrudeOil #MCX #TradingSignals #MCXLevels #TradingTips #CrudeOilLevels
MCX:CRUDEOIL1!
by NumroTrader
Nifty50 Spot Intraday Technical Analysis for 28th October🚀 Unlock the potential with my #Nifty50 Spot Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 24181 📅 Day Range: 366 📈 Long Position 🔹 Buy Above: 24300 📊 Average Position: 24257 🎯 Target 1: 24407 🎯 Target 2: 24547 ⛔ Stoploss: 24178 📉 Short Position 🔹 Sell Below: 24214 🎯 Target 1: 23954 🎯 Target 2: 23814 ⛔ Stoploss: 24336 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Nifty50 #NiftySpot #TradingSignals #TradingTips #Nifty50Levels
NSE:NIFTY1!
by NumroTrader
Nifty 50's Top Constituents Stand Tall Amidst Uncertainty◉ Abstract The recent decline in the Nifty 50 index can be attributed to several interconnected factors affecting market sentiment. Geopolitical tensions, particularly the conflict in the Middle East, have increased uncertainty and volatility among investors. Additionally, significant foreign institutional investor (FII) outflows, surpassing ₹1,00,000 crore in October 2024, reflect concerns over high valuations in Indian markets compared to more attractive options abroad. Weak earnings reports from Indian companies have further fueled investor anxiety, prompting reassessments of growth sustainability. Overall market sentiment has turned cautious due to uncertainties surrounding upcoming events like the US elections and ongoing geopolitical issues, leading to a broader sell-off. Technical analysis indicates potential support levels between 22,750 and 23,000, while valuation metrics suggest that despite recent declines, many key Nifty stocks remain fairly valued, with caution advised for new investments during this volatile period. Read full analysis . . . ◉ Introduction The recent fall in the Nifty 50 index can be attributed to several key factors that have affected market sentiment and investor behaviour. ● Geopolitical Tensions: The ongoing conflict in the Middle East, particularly the Iran-Israel war, has heightened global uncertainty. This geopolitical instability has led to fears among investors, contributing to market volatility and declines in stock prices ● Foreign Institutional Investor (FII) Outflows: There has been significant selling by foreign institutional investors, with outflows reaching above ₹1,00,000 crore in October 2024. This trend is partly driven by concerns over peak valuations in Indian markets compared to cheaper valuations in other markets, such as China ● Weak Earnings Reports: Recent quarterly earnings from Indian companies have shown weakness, raising concerns about the sustainability of growth. This has led to increased selling pressure as investors reassess their positions in light of disappointing financial performance ● Market Sentiment and Investor Jitters: Uncertainty surrounding upcoming events, such as the US elections and ongoing geopolitical tensions, has made investors cautious. This sentiment is reflected in the broader market sell-off and a lack of confidence in taking long positions during this volatile period ◉ Technical Analysis ● Weekly Chart ➖ The weekly chart indicates a strong upward trend, with the index consistently achieving higher highs and lows. ➖ However, a significant selling pressure from the peak has led to a sharp decline. We expect to find potential support in the range of 22,750 to 23,000. ● Daily Chart ➖ The index has broken through the neckline of the Head & Shoulders pattern. ➖ While there is immediate support around the 23,900 to 24,000 level, we believe the index may struggle to maintain this level and could drop further. ➖ Robust support is anticipated between 22,750 and 23,000. ◉ Valuation Analysis ➖ The Nifty PE Ratio has dropped to 22.5, slightly below its 1-year average of 22.6 and significantly lower than its 5-year average of 25.24. This suggests that the Nifty is currently fairly valued. ➖ However, the recent quarter's lacklustre EPS growth is a concern, exerting downward pressure on the major index. As the major index struggles, it's worth taking a closer look at the key Nifty constituents that carry substantial weightage. 1. HDFC Bank NSE:HDFCBANK Sector - Banking & Financial Services Weightage - 11.34% ● Technical Overview ➖ For nearly three years, the stock has been range-bound, exhibiting stability. ➖ Despite the broader market's downturn, it has shown no reaction, suggesting that its sideways movement is likely to continue. ● Valuation ➖ The stock currently trades at a PE ratio of 19.2, moderately above its 1-year median PE of 17.5. ➖ Notably, the company's earnings performance has shown improvement, with a quarter-over-quarter increase in EPS: June quarter: ₹21.65 September quarter: ₹23.36 2. Reliance Industries NSE:RELIANCE Sector - Oil & Gas Weightage - 8.64% ● Technical Overview ➖ Following a record peak near 3,200, the price retreated and is now approaching its key support level of 2,550. ● Valuation ➖ The current PE ratio of 26.5 indicates undervaluation relative to its 1-year median PE of 28.3. ➖ Earnings growth supports this positive valuation outlook: Current EPS: ₹24.48 Previous quarter EPS: ₹22.37 3. ICICI Bank NSE:ICICIBANK Sector - Banking & Financial Services Weightage - 7.74% ● Technical Overview ➖ The stock has maintained a strong uptrend, demonstrating remarkable resilience amidst recent market downturns. ➖ However, from a technical standpoint, a short-term pullback towards the 1,100 level cannot be ruled out. ● Valuation ➖ The present PE ratio of 18.7 suggests a minor overvaluation when compared to its 1-year median PE of 17.9. ➖ EPS improved significantly from ₹16.62 in June to ₹18.38 in September, indicating a positive trend in the company's financial performance. 4. Infosys NSE:INFY Sector - Information Technology Weightage - 5.83% ● Technical Overview ➖ The stock has successfully broken out of its Rounding Bottom pattern and is now consolidating above the breakout level. ● Valuation ➖ The present PE ratio of 28.7 suggests a minor overvaluation when compared to its 1-year median PE of 26.4. ➖ Earnings growth, although subdued, remains stable: June quarter: ₹15.34 September quarter: ₹15.67 5. ITC NSE:ITC Sector - FMCG Weightage - 4.16% ● Technical Overview ➖ The stock remains in a strong uptrend, consistently forming higher highs and lows. ➖ After reaching an all-time high of 528, the price has pulled back and is now testing its crucial support zone between 460-470. ● Valuation ➖ The present PE ratio of 29.4 suggests a minor overvaluation compared to its 1-year median PE of 27. ➖ Furthermore, the earnings per share (EPS) has declined from the previous quarter, falling from ₹4.08 in June to ₹3.99 in September. 6. Bharti Airtel NSE:BHARTIARTL Sector - Telecom Services Weightage - 3.95% ● Technical Overview ➖ The stock price has experienced a notable rise. ➖ After hitting an all-time high near the 1,780 level, it has corrected and is anticipated to find support along its trendline. ● Valuation ➖ The stock's current PE ratio of 83.5 significantly exceeds its 1-year median PE of 65.3, indicating substantial overvaluation. ➖ Ahead of the upcoming quarterly results, earnings execution is not expected to be robust, potentially leading to a sharp correction in the stock price. ◉ Conclusion Analysis of six pivotal Nifty 50 stocks reveals that, excluding Bharti Airtel, they are fairly valued. With a combined weightage of over 40%, these stocks underpin index stability Given this significant representation, we do not foresee a drastic decline in the index from either a technical or fundamental standpoint. However, the ongoing war may impact global sentiment, influencing market mood. Therefore, we advise caution when considering new buy positions.
NSE:NIFTY
by GoodluckCapital
Inox Wind - Blockbuster Results - Buy Above 215Inox Turnaround began with excellent results posted by the co in 2nd quarter Now this is the 2nd top company in wind energy sector. Current Price : 202 Buy above : 215 and up to 190 if it falls. Stop loss : 186 Target : 260/360/420/850 Results : Blockbuster Q2FY25 🔥🔥 INOX WIND: Q2 CONS NET PROFIT 929M RUPEES LOSS 241M (YOY); 518M (QOQ) || Q2 REVENUE 7.3B RUPEES VS 3.7B (YOY) INOX WIND: Q2 EBITDA 1.7B RUPEES VS 483M (YOY) || Q2 EBITDA MARGIN 23.62% VS 13.04% (YOY)
NSE:INOXWINDLong
by jain_geetesh
Dixon Now Trading Near A Very Strong Support Zone ✅The stock has been consistently trending within an ascending channel for most of the year, respecting both the upper and lower trendlines. Currently, it has pulled back to a key support zone near 13800, which coincides with the lower trendline of the channel, suggesting a potential bounce from these levels. ✅ The 50 EMA has provided solid support to the stock during pullbacks within this trend. This EMA, coupled with the lower trendline, forms a strong support base around 13800–13900. As long as the stock holds above this level, the bullish trend remains intact. The recent correction saw a spike in selling volume, indicating profit-taking at higher levels. However, as the price approaches support, we would expect buying interest to increase if this level holds signalling potential accumulation for a renewed upward move. ✅ The RSI stands at 43 approaching an oversold territory. Historically, the stock has rebounded when the RSI reached similar levels hinting at a potential reversal. If RSI rises from this zone it would confirm a build-up in bullish momentum. 🚨 The immediate resistance is at 15000 which aligns with the upper boundary of the channel and has acted as a cap for previous rallies. A breakout above 15000 could lead to an accelerated move towards 15500 and potentially 16000 the upper trendline of the channel. 🚨The 13000 level now acts as a crucial support. Any dip below this zone could indicate a break from the uptrend channel making this a significant level for managing downside risk. Given the combination of trendline support 50 EMA strength and RSI nearing oversold levels Dixon Technologies appears set for a bounce. Traders should watch for a surge in volume to confirm renewed buying interest around the support zone.
NSE:DIXONLong
by Marketik
Nifty Analysis for the week starting from 28th October 2024,Trading Insight: Buy Trigger: Consider a buy if the 1-hour candle closes above 24,325. Sell Trigger: Consider a sell if the 1-hour candle closes below 24,070. Market Overview: Nifty surged from 23,893 on August 5, 2024, to 26,277 on September 26, 2024, marking a rise of 2,384 points. Following this peak, Nifty has declined to 24,180, breaking all key Fibonacci retracement levels, and is expected to potentially continue falling to the 22,450–22,500 range. Note: This bearish view would be invalidated if Nifty closes above 25,100 on a daily basis. Disclaimer: I am not SEBI registered. The above analysis is intended for educational purposes only.
NSE:NIFTY
by ramkkyy