My view on Gold (XAUUSD) in this weekThere has been strong buying in gold in recent days but gold has come into its sell zone. I am not thinking of buying these days, I would only be interested in selling . For which I will have to wait for rejection on the daily time frame. which should form around these zones.
Beyond Technical Analysis
Bitcoin Bull Run Setup Commentary and Technical Analysis - Bitcoin is currently trading at 97,481 down 2.3% from its recent high
- Bitcoin has huge imbalances printed and the mitigation has not yet happened
- Inefficiencies and Fair Value Gaps left to be tapped: 81,000$ & 77,000$
- Spot Bidding at these zones presents a very conservative entry and one impulsive move can yield 30-40% in a quarter.
- Swinging at these zones from a Risk:Reward perspective is also going to be highly favourable
- This business is all about speculation and condensing macros along, DXY is breaking out huge, moreover, BTC might print 100k or above that's a psychological target for many but don't forget the risk involved in entering here if BTC falls by 20% straight due to a negative catalyst.
- Chicago Mercantile EX gap lays at 77,000$ that can soon get filled
- Ethereum is a better play when compared to BTC.
Dabur at Value BuyWeekly Time Frame Dabur Sector FMCG.
Price action at strong weekly demand/ support zone.
Price yet to make a Lower low as per market structure.
RSI is at a Lower Low as per the structure theory.
A Hidden Bullish divergence (Positive Reversal) identified on weekly time frame. Highlighted with blue lines on Price chart and RSI chart.
Wait for Price swing and structure break above 542. which is previous swing high.
This is a long term perspective value pick to portfolio addition. Not a short term swing trade.
Dabur is a key rural FMCG player, India growth is due in rural market. Long term pick
The post is as part of my stock watchlist and sharing here for educational purpose. Pls do your due diligence before investing.
EURUSD Bullish Outlook for the Short TermJust like I mentioned DXY's short-term bearish outlook in my last post, I’m anticipating EURUSD to take a bullish stance.
Price made a failure swing retracement, clearing the old low and settling in a fair value gap on the Monthly chart. I’m looking for a stop-hunt expansion targeting buyside liquidity, as indicated on the chart.
Here, the old low serves as sellside liquidity for Market Makers to build long positions, and the FVG represents a fair value entry point.
These are just my thoughts on EURUSD - do your own analysis before acting.
Dollar Looks Vulnerable : Here’s My Take on What’s Coming Next!Price has recently taken out an Old High and has now reached an Imbalanced price range, which is more evident on the Weekly Timeframe.
This move has presented buyside liquidity for sellers by taking out the Old High and simultaneously offered fair value by entering into an imbalanced price range (FVG / SIBI - 1W Timeframe).
From here, price may now head lower towards the Draw on Liquidity, with Sellside Liquidity as the next objective, as shown in the chart.
This is how I see it, though I’d advise you to do your own analysis.
Bitcoin Dominance Bearish Setup for Crypto Bull Run- Bitcoin Dominance is currently trading at 60.08%
- Bitcoin Dominance is the biggest reason behind ALTCOINS dumping hard since months.
- BTC D market structure will shift bearish once we see a weekly close below 58.57%
- BTC.D under 58% will trigger an impulsive move in Altcoins and that can lead to a huge rally in alts worth 300-500%
- Bitcoin Dominance dumping might also lead to a parabolic shift in ETH/BTC.
- Ethereum and other alts will jump hard only when this dumps, 2 zones I am looking for to expect a reversal from for BTC D is 64 and 72 for a worst case scenario.
AAVE Swing Long Setup Idea For Crypto Bull Run- AAVE is currently trading at $171.
- As a leader in decentralized finance (DeFi), it’s important to position yourself conservatively to maximize your gains with AAVE.
- The price is currently consolidating and compressing near the inefficient gap, so pay attention to its behavior to learn from these repetitive patterns.
- Historically, the price has been rejected from the last swing high before entering a bearish trajectory; we have observed a similar rejection at the same point of interest (POI) recently.
- Now is the time to make conservative entries in the range of $160-$170 and hold for an increase up to $261.
- Recommended Accumulation Zones for Spot Entries: $156-$167.
- Bull Run Targets: $261, $447, $650.
- Timeframe: Hold this position for 2-3 months.
Nifty Weak AheadNSE:NIFTY gave a big green candle for possible signs of reversal but too early to comment as of now stay neutral with big election results coming in on Saturday currently respecting 200 DEMA and 50 WEMA a close below it will confirm a fake reversal. Wait and Watch.
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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.
Order Block Reversal Setup on Paramount Communications LtdTechnical Observations:
Order Block Zone:
The stock is trading near a significant order block support zone (highlighted in purple), which aligns with past accumulation and breakout levels.
This zone has acted as a strong demand area, indicating that buyers may step in again.
Trendline Base:
The green trendline, respected for an extended period, provides additional support, strengthening the likelihood of a reversal.
Buyers' Liquidity Zone:
The orange trendline within the consolidation phase suggests that buyers' liquidity is accumulating, supporting a potential move higher.
Decline in Volume:
A notable decline in volume during the recent downtrend signals reduced selling pressure, which often precedes a reversal.
Resistance Levels:
A resistance zone around ₹90–₹100 (red zone) and an ultimate target of ₹116 (highlighted in purple) offer clear profit-taking levels.
Trade Setup:
Entry: Consider buying in the range of ₹64–₹66, close to the order block zone.
Stop Loss: Place a stop loss below ₹61.08, ensuring protection in case of invalidation.
Targets:
1st Target: ₹85–₹90.
2nd Target: ₹116 (key resistance level).
SwingTrendlines:
An orange ascending trendline connects the series of higher lows since mid-2023. This indicates a strong uptrend, with the stock consistently moving upwards.
The red horizontal line represents a significant resistance level near ₹3,127.90. This is where the stock previously faced selling pressure or consolidation.
Breakout Potential:
The stock is currently near the resistance zone, attempting to break out above the ₹3,127.90 level. A confirmed breakout above this resistance with increased volume could indicate further upward movement.
Volume Analysis:
There is a noticeable spike in trading volume, which often suggests increased investor participation. High volume on a breakout validates the move and strengthens the bullish sentiment.
Candlestick Pattern:
Recent green candles with long bodies indicate strong buying momentum. A weekly close above the resistance level would confirm a bullish breakout.
Interpretation:
If the stock closes above ₹3,127.90 with strong volume, it may target higher levels, potentially testing previous highs near ₹3,800.
Conversely, if it fails to break the resistance, it might retrace to the orange trendline support or consolidate before the next move.
Trading Consideration:
Buyers: A confirmed breakout above ₹3,127.90 with increased volume is a buying opportunity for momentum traders.
Stop-Loss: Place a stop-loss below the trendline (e.g., ₹2,900).
Targets: Short-term target near ₹3,500 and longer-term target near ₹3,800.
This analysis is based on technical patterns and doesn't account for company fundamentals or external market factors. Always conduct your research or consult with a financial advisor before trading.
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.
Crude Oil MCX Future Intraday Technical Analysis for 22 Nov🚀 Unlock the potential with my #CrudeOil Intraday Technical Analysis for 22 November 2024!
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📍 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! 📈
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Nifty View 22 Nov Friday Nifty dropped as per our previous view shared yesterday. Now the possible scenerios are shown in chart
High probability is shown as red, price to move towards 23100-50 below yesterday low or rejection of price near 23500.
Above 23600 we will re count the waves and look for reversal.
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.
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.
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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 .
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!