Gold sweeps SL, wait for BUY LIMIT at Demand Zone 4,223-4,225Timeframe analysis: H4/30M
Logic: Trend Continuation after liquidity sweep.
MARKET STRUCTURE ANALYSIS (SMC Analysis)
Main Trend: Bullish (Price is moving within a parallel channel).
Structure Confirmation (BOS): The chart has confirmed an upward Break of Structure (BOS), indicating that buyers are controlling the market.
Liquidity Sweep/Fake: The strong bearish candle (marked as "Fake") is a move to sweep Stop Losses of early buyers and gather liquidity before Smart Money pushes the price in the main direction. This is an Inducement action.
Key Demand Zone (POI/Demand Zone/Order Block): The TIMING BUY area (4,223.154 - 4,225.000) is a potential Demand Zone/Order Block identified by Smart Money. The price is expected to retest this area before continuing to rise.
MAIN TRADING SCENARIO (LONG SETUP)
SCENARIO: Wait for the price to Pullback to the POI area to enter a buy order, continuing the main bullish trend.
Parameter
Value
SMC Description
Action
BUY LIMIT
Place a pending buy order
Entry Zone (POI)
4,225.000 - 4,223.150
Demand Zone/Order Block after liquidity sweep.
Stop Loss (SL)
4,214.390
Place below the low of the liquidity sweep candle ("Fake Low"), ensuring safety.
Take Profit 1 (TP1)
4,240.000
Target the nearest Swing High.
Take Profit 2 (TP2)
4,250.000
Target psychological resistance and mid-channel.
Take Profit 3 (TP3)
4,260.000+
Target the upper boundary of the parallel channel.
R:R Ratio
Approximately 1:2.5 to 1:3.5 (Depending on TP)
Good R:R ratio for a trend-following trade.
RISK MANAGEMENT
Risk: Only risk a maximum of 1-2% of the account for this trade.
Breakeven: When the price hits TP1, move SL to the Entry point (Breakeven) to protect capital.
Invalidation: If the price closes the D1/H4 candle below the SL level (4,214.390), the buy plan will be invalidated.
BOS
PGEL: Suggest Momentum ShiftPG Electroplast Ltd. (PGEL) has recently shown signs of emerging strength after a prolonged phase of consolidation. Over the last two trading sessions, the stock has demonstrated upward momentum, suggesting a possible attempt to break out of its range-bound structure. This observation is supported by several technical factors:
1. Moving Averages & Volume Dynamics
The stock has successfully closed above the 20-day EMA, indicating short-term bullish sentiment.
It is currently trading near the 50-day EMA, although it has not yet closed above this level. The recent price movement has been accompanied by increased trading volume, which may reflect growing market participation.
2. Change of Character (CHOCH)
The break above the 20-day EMA, despite the price not closing above the 50-day EMA, may signal a CHOCH. This is often interpreted by technical analysts as a potential shift in trend direction, particularly from bearish to neutral or bullish.
3. RSI Momentum
The RSI has moved above the 60 level, suggesting strengthening momentum. This level is typically viewed as a transition zone between neutral and bullish conditions.
4. MACD Signal
A bullish crossover on the MACD indicator has occurred on the daily timeframe. This crossover may indicate a potential shift in momentum, especially when supported by price structure and volume.
Breakout Confirmation Level:
A sustained close above ₹597 could be interpreted as a breakout from the consolidation zone. If this level is cleared with volume support, the next potential resistance may lie near ₹712 , based on historical price action. The lower boundary of the recent consolidation zone, around ₹494 , may act as a support level. This area could be monitored for potential retests or invalidation of the breakout attempt.
Disclaimer: This analysis is intended for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy, sell, or hold any financial instrument. Market participants are encouraged to conduct their own research and consult with a licensed financial advisor before making any investment decisions.
Graphite India Limited: Ready for a Bullish Breakout?Following a prolonged downtrend spanning five months, Graphite India Limited appears poised for a potential bullish reversal.
A pivotal indication of a changing market structure is anticipated as Graphite India approaches the end of a BOS. A confirmed shift in CHoCH would be a strong signal for investors, indicating a potential transition from bearish to bullish momentum.
On the daily timeframe, a notable double bottom pattern has been identified. This pattern typically indicates a reversal from a downtrend to an uptrend, strengthening the case for a bullish outlook.
The present price action demonstrates a close above the equilibrium level, which can serve as a psychological and technical support point. This level is often critical in affirming bullish sentiment among traders.
The weekly MACD has exhibited a bullish crossover, with the MACD line crossing above the signal line. Furthermore, the histogram transitioning into positive territory indicates increasing momentum that may support a shift in the prevailing trend.
The RSI metric is currently reflecting strength as it moves away from oversold conditions. An RSI reading above 50 typically indicates bullish momentum and may signify growing buying interest among market participants.
A successful close above the price level of ₹624 could catalyze upward momentum towards the next resistance level at ₹696 . This point will be critical in determining whether the bullish trend can sustain itself. A support floor is identified at ₹485 , which would serve as a critical level of protection for investors should the price experience short-term volatility.
Based on the outlined technical analysis there may be an opportunity for an approximate 18% return on investment from the current price levels in the short term, contingent upon successful price action and trend confirmation.
Disclaimer: This technical analysis report is intended for informational and educational purposes only and should not be interpreted as financial advice. Investors should consult a qualified financial advisor or conduct thorough personal research prior to making any investment decisions. All trading involves risk, and past performance is not indicative of future results.
SWING TRADE : UNO MINDA (2.5:1) UNO MINDA has been lately developing a structure of retest of a break of structure & has retested the imbalances, entry @542 looks good with a SL @524 & target @582 as marked. Volume is the key here, when it gave a breakout there was a good volume expansion and when it retested, volume faded!
This is also a retest of a descending triangle or sloping trendline, safe traders can wait for a follow up candle as confirmation to enter.
Use strict SL & Targets and also do your own research! Thanks for reading!
I welcome your views.