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Beyond Technical Analysis

Swing 1. Key Observations Price Action: The stock is trading at ₹4,474.65 as of the chart date, reflecting a positive change of +₹110.10 (2.52% increase). Trendline Breakout: A downward trendline has been drawn connecting the lower highs (orange line). The stock has broken above this trendline, suggesting a potential reversal of the downtrend. Support and Resistance: Resistance: The stock has moved above the resistance zone at ₹4,476.45. Sustaining above this level could confirm bullish momentum. Support: A key support zone is visible at ₹3,763.35 (horizontal orange line). This level has held during previous pullbacks. 2. Volume Analysis The trading volume below the price chart shows an increase in activity during recent upward price moves. This supports the breakout and indicates strong buying interest. 3. Moving Averages (Implied) The chart does not explicitly show moving averages, but the overall price action indicates that the stock is likely above shorter-term averages (e.g., 20-day, 50-day), signaling short-term strength. 4. Possible Scenarios Bullish Scenario: If the stock sustains above the ₹4,476 resistance, it could target higher levels. Positive sentiment in the defense sector, supported by government orders and HAL's robust financials, may fuel further upside. Bearish Scenario: If the breakout fails and the stock moves back below ₹4,476, it could retest the support level near ₹3,763. 5. Conclusion This chart suggests a potential reversal from a downtrend. Traders may look for confirmation of the breakout by observing if the stock sustains above the resistance with strong volumes. The overall sentiment remains bullish, supported by HAL's strategic importance and favorable sectoral tailwinds.
NSE:HALLong
by iamsaurabh533
Equinox India - Turnaround IncomingIts EXTREMELY rare for a company that is this old to fall below the 200EMA (Monthly) and actually survive.. These guys seem to be the comeback kids.. Adequately capitalized..new project timelines already given out along with conservative estimates of Surplus from those projects. The merger judgement too is marked for judgement. (The hope is for a positive judgement) IF this happens..expect fireworks in this stock coz they will have an experienced developer at the helm but also crazy money by way of Blackstone backing them.. (And real estate is a core business of Blackstone in India where they have a lot of experience) The stock price is kissing the 200MEMA..and break above it esp on a positive judgement could mean the stock roaring upwards...and the 200MEMA could then act as a support. Long above it with Stoploss below 110.. Would take an instant Stoploss if the judgement isn't in their favour in the short term and try to fish it at lower levels again.
NSE:EMBDLLong
by rdkriplani
1
CHF/JPY Analysis: Potential Double Bottom BreakoutIn this chart, I'm analyzing a potential double bottom breakout in the CHF/JPY pair after a downward trend. The price has been moving down and hit a strong demand zone between 174.125 and 174.300, where buyers seem to have stepped in, pushing the price upward. Technical Observations: Potential Breakout of Double bottom: The price is trying to break out of the double bottom, which could signal a further upward movement. Breakout and retest: If the price gives a break out, there might be a small retest and eventually starting moving towards the target. Target Levels: If the breakout is sustained, my first target is around the 175.810 level, with a secondary target at 176.290, which aligns with previous resistance levels. Stop-Loss: I've set my stop-loss below the 4h breakout candle if the breakout fails.
Long
by PhD_Swingtrader
Just a Pull back or formation of Bullish MAT? #OLAThe Bullish Mat Hold is a rare and powerful candlestick pattern that signals the continuation of an uptrend. It is a consolidation pattern consists of no of candles : A tall and positive first candle, followed by no of small, negative candles. A series of smaller candlesticks, typically bearish (red or black), showing a slight pullback or consolidation. These candles generally stay within the range of the first large bullish candle, indicating the bulls are waiting for right time to take back the control. However key consideration 1. The bullish mat hold is more reliable in higher time frames (e.g., daily or weekly charts). 2. Always confirm the pattern with other technical indicators (e.g., RSI, MACD) or fundamental analysis for stronger reliability. 3. Be cautious of false signals in low-volume markets or during periods of high market noise Refer NSE:EMUDHRA chart for comparison. Similar to OLA, Emudhra after listing consolidated however the consolidation was within the first big bullish candle and the moment Emudhra broke the consolidation the stock rallied from 530. Ola also lost track after stock listing, RSI dropped on daily chart to oversold zone. Thus, with similar formation OLA can we expect ola to hit 230 levels? Note: the above comparison is only technical chart pattern. Fundamentals of both the companies are different and thus please take your financial advisor opinion before investing.
O
by CA_Chetanbhasin
Swing 1.The chart shows a historical performance of the stock, with significant volatility over the years. The stock experienced a major uptrend around 2006-2008, followed by a prolonged downtrend from 2008 to 2020. 2. Key Resistance Breakout The stock has recently broken above a long-term resistance level at approximately ₹65.76 (marked by the orange line), which has acted as a ceiling for price movements since 2009. 3. Current Momentum The stock is showing strong bullish momentum, with the recent monthly candle closing significantly higher (+30.97%) at ₹65.68. This breakout suggests a shift in trend, with the potential for further upside if it sustains above ₹65.76. 4. Volume Though not visible here, a breakout on higher volume would confirm stronger buying interest. 5. Outlook If the stock sustains above ₹65.76, it may aim for higher targets, potentially revisiting levels from the 2008 highs. However, a failure to sustain this breakout might lead to a retest of support levels around ₹50-₹55. This breakout on a monthly timeframe is significant and suggests a positive long-term outlook for the stock, provided the breakout is confirmed with follow-through buying.
NSE:OILCOUNTUBLong
by iamsaurabh533
Swing This chart shows the daily price movement of Oil India Ltd (OIL) with key technical analysis elements: Analysis: Trendline Breakout: The orange descending trendline represents a downtrend. The current price has broken above this line, indicating a potential reversal of the bearish trend. Support Level (₹463.75): The lower horizontal line around ₹463.75 serves as a strong support, where buyers have consistently entered the market to prevent further declines. Resistance Level (₹538.20): The upper horizontal line at ₹538.20 acts as resistance, where the price has faced selling pressure in the past. Current Price Action (₹507.15): The price is currently at ₹507.15, showing a strong 4.34% gain today, with increased bullish momentum. Volume: The volume bar shows moderate trading activity, supporting the breakout. Key Insights: The breakout above the downtrend line suggests bullish momentum. If the price sustains above ₹507.15, it could aim for ₹538.20 resistance. A rejection could lead to a retest of the ₹463.75 support. Recommendation: Monitor for sustained movement above the trendline and watch the ₹538.20 resistance for further confirmation of a trend reversal.
NSE:OILLong
by iamsaurabh533
Swing Symmetrical Triangle Pattern: The price has been consolidating within a symmetrical triangle, formed by converging trendlines. The breakout above the triangle suggests a potential bullish trend continuation. Resistance Level (₹745.35): The horizontal line at ₹745.35 acts as a key resistance, which the price is currently approaching. Volume: Noticeable volume increase during the breakout, adding strength to the bullish signal. Current Price (₹741.80): The price is near the resistance, and a decisive move above ₹745.35 could indicate further upside. Summary: A breakout from the triangle with rising volume points to bullish momentum. Watch for a sustained move above ₹745.35 for confirmation of a further rally.
NSE:MEDPLUSLong
by iamsaurabh533
DXY PARABOLIC SETUP Update- DXY is currently trading at 107.4 - DXY has made a lot of USD-denominated pairs bleed and they are still getting slaughtered - DXY is currently at a point where there's a lot of limit sell stops above the buy side liquidity - Once the orders are consumed we might see another round of Impulse up to the marked displacement of 110-111$ - DXY pumping along with the Equity market, Crypto isn't a good sign there's a negative smart money divergence laying that's trapping and sucking liquidity from retail suckers. - Sit at the sidelines and keep locking in gains until you see DXY flipping its structure to bearish - Retail pattern traders might get flushed when they call this a double bottom.
TVC:DXYShort
by VKtradesimbalance
Silver MCX Future Intraday Technical Analysis for 25 Nov🚀 Unlock the potential with my #Silver Intraday Technical Analysis for 25 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: 90,768 📅 Day Range: 1,553 📈 Long Position 🔹 Buy Above: 90,620 📊 Average Position: 90,437 🎯 Target 1: 91,728 🎯 Target 2: 92,321 ⛔ Stoploss: 90,102 📉 Short Position 🔹 Sell Below: 90,253 🎯 Target 1: 89,808 🎯 Target 2: 89,215 ⛔ Stoploss: 90,771 ✨ 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! 📈 #Silver #SilverMCX #Commodities #TradingSignals #IntradayTrading #MCX #NumroTrader
MCX:SILVER1!
by NumroTrader
Gold MCX Future Intraday Technical Analysis for 25 Nov.🚀 Unlock the potential with my #Gold Intraday Technical Analysis for 25 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: 77,616 📅 Day Range: 734 📈 Long Position 🔹 Buy Above: 77,405 📊 Average Position: 77,318 🎯 Target 1: 78,070 🎯 Target 2: 78,350 ⛔ Stoploss: 77,160 📉 Short Position 🔹 Sell Below: 77,231 🎯 Target 1: 77,162 🎯 Target 2: 76,882 ⛔ Stoploss: 77,476 ✨ 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