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Banknifty combining Elliott and wedge theoryBanknifty is repeating the wedge pattern, in confluence with Elliott waves falling exactly at the prices of support and resistance of the wedges. The Elliott wave used here is the in-built indicator of Tradingview. According to this, the 4th wave is finished and the price is projected to break out of the upper line of the wedge for a new high at 56864 as 61.8% As per the current price action, the price is at the support of the 2024 high, 54467.35. If it is breached, it will test the lower line of the wedge, and we will have another early buying opportunity at the support. The RSI is still above 50; therefore, the 2024 high level is proving to be good support. No selling is suggested unless the price is trading above this support level of 54467.35.
NSE:BANKNIFTY
by AbsoluteAnalysis
Nifty updated chart for Bullish view.As shared earlier, price has reached the reversal zone 24627-24930. Above this, Nifty is bullish, with key levels of 25078, 25212, and 25307 as T1, T2, and T3. The range of 25425 to 25645 is another reversal zone as the current range where price has closed will mostly be breached in this Tuesday session of 13th May'2025. Price breaking this range of new reversal zone, will test the 2024 high of 26277.35, which will give us a new ALL TIME HIGH
NSE:NIFTYLong
by AbsoluteAnalysis
Kotak Bank Double TopWith new higher high Kotak bank has finished double top but closed below 2021 high. It means the price still have the chance to make new higher high. On the contrary price below 2163 will activate the sell opportunity for Kotak bank with targets of 2085.60, 2016 and as low as 1942. Next week or today's close above 2202 it will still have bullish points left for another test of new high. RSI still have some space for a new highs. For either sell or buy it is advised to wait for proper breakout of 2163 for a SELL or above 2202 for a buy with 2253 as first target.
NSE:KOTAKBANKShort
by AbsoluteAnalysis
BTC 97800, Red Balloon Area, Buy Above this onlySince 24 hours after breakout of 95700 zone BTC is struggling to get more attraction and halted near 97800 for a time being where weekly chart is showing higher high candles but in daily chart last 24 hours red candle is obstructing the further uprally for time being, some shorts has been built near 97800, and fresh longs only once these liquidity is squeezed else will watch this BTC Ping Pong show, downside 95000 is crucial support bed, any breach of either zone will decide the fate for next week. Happy Trading and Investing ~10x Bulls Courtesy: 10x Bulls (An educational platform for investors and traders to find the best investment decisions, faculty trained by ex-fund managers, such as JP Morgan Chase and Goldman Sachs) Classic Forecast: COINBASE:BTCUSD $15000 to $100000 in 2021 completed in 2024.
DELTAIN:BTCUSD.P
by sonianayyar24
XAUUSD: Descending triangleThat's what happens in the chart patterns in process and why not to trade them. Earlier, was head and shoulders pattern was in the making, but then the right shoulder started ranging, and it converted into a descending triangle pattern. This is also a bearish pattern when the base of the triangle is breached (with a valid close and volume breakout). When breaking down, the targets will be equal to the length of the dip (marked as a down arrow). If it breaks the triangle in the opposite direction, then it will test the high again and will invalidate the entire pattern.
OANDA:XAUUSDShort
by AbsoluteAnalysis
Analysis to catch a divergence rallyObserve the given method to catch this kind of entry (where the arrow is shown). Slight divergence on the weekly chart. This shows a possible uptrend. Check the daily chart for entry strategy. On the daily chart, the early divergence gave the buying signal from where the price started the big rally of almost 25% When divergence was visible in the oscillator, price gave a flat bottom, and that's where we can enter with a stop below that bottom. Also, observe the oscillator slope,it is making higher high and price making lower low and before the rally it gave flat price action.
NSE:ANGELONE
by AbsoluteAnalysis
Nifty this week analysisNifty still ranges between the major resistance zones. It has been trying to breach the zone for three days but has failed. This current attempt is closed with a strong bullish candle, which means next session it is quite possible we can have a breakout and prices to reach the Possible Reversal Zone. On breakout of this zone between 24140 to 24353-55, the possible reversal zone is 24678 to 24365. If the price rejects this resistance, then we will witness a new rally in Nifty prices.
NSE:NIFTY
by AbsoluteAnalysis
1
KRBL LTS- Falling Wedge Breakout | Trend Reversal Signal Ahead?KRBL LTD – Falling Wedge Breakout 💥 | Trend Reversal Signal Ahead? 📅 Published on: April 17, 2025 📈 Technical Analysis: KRBL has shown a bullish breakout from a long-term falling wedge pattern on the daily chart — a classic reversal pattern signalling a potential upward move after prolonged consolidation. The breakout candle is supported by strong volume and a bullish RSI setup. Pattern: Falling Wedge (Bullish) Breakout Price: ₹306.60 Previous Resistance Line: Now acting as support Breakout Volume: 1.45M (above average) 🧭 Key Support & Resistance Levels: Immediate Support: ₹290 Major Support: ₹275 Immediate Resistance: ₹315 Next Resistance Zone: ₹330 – ₹345 Trendline Resistance (Broken): ₹300 (now support) 🔍 Indicators: RSI (Relative Strength Index): Current RSI: 66.39 — bullish, nearing overbought zone, shows strong momentum. RSI Bullish Crossover observed in April, indicating accumulation before breakout. 🧠 Price Action Observations: Price respected the wedge formation since March 2024. A strong bullish candle broke above the upper wedge with conviction. RSI confirms strength, aligning with price action breakout. Volume surge supports the breakout's validity. 📌 Strategy (For Educational Purposes): Entry: ₹305–310 (on retest) Stop Loss: ₹285 (below wedge support) Targets: ₹330 ₹345 ₹360+ 📊 Visual Markings & Icons: White Trendlines: Highlighting falling wedge support and resistance. Bullish RSI Tags: Marking key bullish RSI crossovers. Volume Spikes: Notable on breakout day. Breakout Candle: Large green candle breaching the upper wedge line. ⚠️ Disclaimer: This analysis is for educational and informational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:KRBLLong
by PriceAction_Pulse
Waaree Energies Technical Analysis with Confirm Targets Detailed chart analysis of Waaree Energies Ltd. based on the Daily Time Frame (1D) Chart as of April 23, 2025 Current Price Movement - LTP (Last Traded Price): ₹2,983.00 - Change: +₹367.10 (+14.03%) — A strong bullish candle with a significant gap-up. - Volume: 19.82M — Strong volume confirmation indicating institutional interest. Resistance / Supply Zones 1. Resistance - 1 (Supply Zone) ₹3,186.00 – ₹3,237.15 This is the nearest resistance zone where the stock may face selling pressure. Previous supply has emerged here, and buyers may take profit. 2. Major Resistance / Supply Zone ₹3,646.40 – ₹3,741.45 This zone marks the previous major highs and is a key resistance area. A breakout above this may indicate a strong continuation of the uptrend. Support / Demand Zones 1. Major Support - 1 (Demand Zone) ₹2,455.20 – ₹2,512.70 This is the most recent breakout zone. If the price corrects, this area may act as a strong support level. 2. Support Zone - 2 - ₹2,294.40 – ₹2,323.30 - Acts as the next layer of support if ₹2,455 fails to hold. 3. Major Support - 2 - ₹2,009.40 – ₹2,075.15 - Long-term support zone, previously tested multiple times, can act as a strong demand zone in case of major correction. Price Structure & Volume - The chart shows a **strong bullish breakout** after forming a **higher low**. - Today's price action indicates a **gap-up opening with heavy buying interest**. - Volume confirms the breakout — higher than average volume during the up move suggests strong conviction. Key Technical Takeaways - Trend Reversal Confirmation: After a prolonged downtrend, price has shown a strong bullish reversal. - Bullish Breakout: Price broke through multiple resistances with volume confirmation. - Watch for Retest: In case of pullback, ₹2,455–₹2,512 zone should be watched for buying interest. Targets - First Target: ₹3,186–₹3,237 - Final Resistance Target: ₹3,646–₹3,741 - If the price fails to sustain above ₹2,983 and closes below ₹2,512 in coming sessions, it might signal a false breakout or correction.
NSE:WAAREEENER
by manojshinde27
Gold Next Target 2800 and What Next Trump's tariffs?🔍 Chart Context (1H and 15M Combined View) Trend: Bearish overall structure on the 1H timeframe, with lower highs and lower lows. Trendline: Clearly respected and just recently tested again (price rejected at the trendline on 1H). POI (Point of Interest): 3,030 – 3,040 zone acting as a strong supply/resistance zone. 📈 Support Levels: 2,978.949 (key demand/support zone). 2,956.129 (major support level). 📉 Resistance Zones: ✅3,020 area (15M minor supply zone, shaded red). ✅3,030–3,040 (POI level on 1H, shaded blue). ✅3,058.437 (major resistance). 🧠 Price Action Insights-1H Chart: Price attempted to break the descending trendline but was quickly rejected (marked with a circle). Multiple rejections from POI level suggest strong seller presence. Strong bearish candle followed that rejection (confirmation of trend continuation). 15M Chart: Price bounced from support at 2,978 Quick rally back to ~3,004, stalling below the minor supply at 3,020. Could be forming a lower high (ideal short setup zone). 📌 Trade Setup Idea: ✅ Trade Type: Short (Sell) 🔽 Entry Zones (Sell Limit Ideas): Aggressive: 3,020 (near the 15M minor supply zone) Conservative: 3,030–3,040 (POI level on 1H chart) 🛑 Stop Loss: Above 3,045 (well above POI and trendline breakout level) 🎯 Targets: TP1: 2,978.949 (recent support, also previous bounce level) TP2: 2,956.129 (major support level from 1H chart) TP3 (Optional Swing): Below 2,950 if momentum continues ⚠️ Risk Management Tip (Beginner-Friendly): Use position sizing based on your risk appetite (e.g., 1–2% of your account per trade). Avoid entering late if price already breaks past POI or trendline with strong volume. 📌 Key Beginner Takeaways: You're identifying liquidity zones, trendlines, and structure: excellent progress! Use confluence (multiple factors aligning) to enter with higher probability. Practice this setup in a demo account to gain confidence. 👉 Always follow TP/SL to protect your capital and maximize profits! Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively
OANDA:XAUUSDShort
by silverwolftraders029
XAUUSD Next Move 2800 ? 🪙 FUNDAMENTALS: ✅China on Friday struck back at the U.S tariffs imposed by Trump with a slew of counter-measures including extra levies of 34% on all U.S. goods and export curbs on some rare-earths, deepening the trade war between the world's two biggest economies. ✅ More than 50 nations have reached out to the White House to begin trade talks since Trump rolled out sweeping new tariffs, top officials said on Sunday as they defended levies that wiped out nearly $6 trillion in value from U.S. stocks last week. ✅ Federal Reserve Chairman Jerome Powell said tariffs increased the risk of higher inflation and slower growth, highlighting the difficult path ahead for policymakers at the U.S. central bank ________________________________________ 🔍 4H Hour Timeframe Analysis 📊 Trend & Price Action : • Previous Trend: Clear uptrend inside a rising channel (marked by red lines). • Recent Price Movement: Price broke down below the ascending channel, signaling trend weakness or possible reversal. • Strong bearish candles show increased selling pressure recently. 📉 Key Technical Levels: • Support Zone: Around $2,979–$2,957 (green and grey lines) — price bounced here, showing buyer interest. • Resistance Zone: Around $3,057–$3,077 — a previous support zone now acting as resistance after the breakdown. • Moving Averages: o Red Line (likely 50 EMA): Recently broken down, now acting as dynamic resistance. o Blue Line (likely 200 EMA): Around $2,990, price tested and bounced — this is often a key support in a trend. 🧠 Interpretation: • Price broke structure (channel and EMAs), signaling a shift from bullish to bearish bias. • The bounce from the 200 EMA and support zone suggests a potential short-term retracement or consolidation. • If price fails to reclaim $3,057–$3,077, sellers may re-enter. ________________________________________ 🔍 15-Minute Timeframe Analysis 📊 Trend & Price Action: • Sharp intraday recovery from the low of around $2,957 to the current $3,033. • But price is now facing resistance from a supply zone (highlighted in red). • You’ve marked an Order Block (OB) around $3,125–$3,140 — a zone where institutional selling might have started. 📉 Key Levels: • Resistance Zones: o $3,076 (blue line) – likely 200 EMA, strong resistance. o $3,057–$3,076 – supply area and previous breakdown zone. o Order Block (OB) near $3,125–$3,140 – strong institutional resistance zone. • Support Zones: o $3,000, $2,978, and $2,957 – these are lower supports where price previously bounced. 🧠 Interpretation: • Short-term, the price is retracing from a heavy drop. • Watch how price behaves at $3,057–$3,076: o Rejection = possible short setup. o Break & close above = retracement could continue toward OB ($3,125). • The OB is a potential reversal zone, where price could get heavily rejected if tested. ________________________________________ 📌 Beginner Takeaways: Trend is weakening – the uptrend broke, and the market is forming lower highs and lower lows. Price is trying to recover from key support zones but facing resistance overhead. Volume is increasing near support — shows interest from buyers but not a confirmed trend reversal yet. The Order Block is a great place to watch for reversal trades (supply zone = potential sell). ________________________________________ ✅ Suggested Actions for Practice: Mark key support/resistance zones on your own chart to develop your structure-reading skills. Scenario 1: Short if price rejects at $3,057–$3,076 zone. Scenario 2: Long only if price closes above $3,077 and holds support. Observe how price behaves near moving averages and OB zones . ________________________________________ 👉 Always follow TP/SL to protect your capital and maximize profits! Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively
OANDA:XAUUSDShort
by silverwolftraders029
Gold Next Move 3200?🔎 15-Minute Chart (Intraday Analysis) 50 EMA as Dynamic Support: Price is respecting the 50 EMA (red line), indicating bullish strength. 📈 Support Levels: $3,099 & $3,087 - Strong support zones for a possible bounce. $3,071 - Deeper support if price pulls back further. • Current Price Action: • Price is pushing higher but approaching resistance. 📌 Conclusion: If the 50 EMA holds, price could continue its upward move. If it breaks, we may see a pullback toward $3,099 or lower. 🔎 1-Hour Chart (Short-Term Targets & Ranging Market) ⚠️ Breakout from Ranging Market: • Price was consolidating in a range around $3,098 - $3,120 before breaking out. Fibonacci Targets: • 1st Target: $3,141 (already reached). • 2nd Target: $3,162 (next potential level). Support & Resistance Levels: 📉 Resistance: Near $3,141 - $3,162 (Fib targets). 📈 Support: Around $3,098 and $3,087 (marked with red and green lines). 📌 Conclusion: The breakout is bullish, and if price holds above $3,141, it may push toward $3,162. A break below $3,098 could signal a retracement. 🔎 4-Hour Chart (Trend & Key Levels) Trend: Strong uptrend inside an ascending channel. Buy Entry & Exit Points: • A Buy was placed near the lower trendline. • Buy Exit was taken at a key resistance level before a pullback. • POI (Point of Interest) Level: • A demand zone (light blue area) around $2,980 - $3,000, where price previously reacted. Moving Averages: • The 50 EMA (red line) is acting as a dynamic support. • The 200 EMA (blue line) is providing long-term support. Resistance & Support Levels: 📉 Resistance: Near $3,150 (upper trendline). 📈 Support: Around $3,059 and $2,980 (marked green lines). 📌 Conclusion: Price is moving towards the upper trendline. If it breaks, we could see more bullish momentum. If rejected, a pullback toward POI is likely. 🔹 Overall Market Summary & Trading Plan ✅ Bullish Bias: Price is in an uptrend on multiple timeframes. ✅ Next Resistance: $3,150 - $3,162 (watch for rejection or breakout). ✅ Pullback Zone: $3,098 - $3,087 (potential buy area). 🚨 Risk Management: If price breaks below $3,087, a deeper retracement may occur. 📌 Trade Idea: 🟢 Long Entry: On pullbacks to $3,098 - $3,087. 🎯  Target: $3,150 - $3,162. ❌ Stop Loss: Below $3,071 for risk control. 👉 Always follow TP/SL to protect your capital and maximize profits! Stay tuned for updates once the confirmations are in place! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! 📢 Best Regards , Silver Wolf Traders Community Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively
OANDA:XAUUSDLong
by silverwolftraders029
AUD/PLN Trade Setup: Bullish Reversal & Target ProjectionAUD/PLN Technical Analysis & Trade Setup Chart Overview: Currency Pair: Australian Dollar (AUD) / Polish Zloty (PLN) Timeframe: 30-minute chart Indicators: 200 EMA (Blue): 2.44075 30 EMA (Red): 2.44113 Key Levels & Strategy: Support & Resistance: Major Support Zone: Around 2.42932 (Stop Loss Area) Intermediate Resistance: Near 2.44228 Target Resistance (Take Profit): 2.45997 Trade Projection: The price recently bounced off the support zone (purple). A possible retracement and retest of resistance before a strong upward move. Targeting 0.97% profit potential from 2.44228 to 2.45997. Entry Strategy: Confirmation of support hold at 2.44075 - 2.44228. If price respects this zone, a bullish continuation is expected. If support fails, price may revisit the stop-loss area (2.42932). Conclusion: If price sustains above 2.44113, a bullish move is expected. Watch for a breakout above resistance for a confirmed long entry. A drop below 2.42932 would invalidate the setup.
Long
by EA_GOLD_MAN_COPY_TRADE
Bitcoin (BTC/USD) Trade Setup: Potential Reversal & Target Proje200 EMA (Blue): 86,960.21 30 EMA (Red): 86,149.39 The price is currently below both EMAs, indicating a short-term bearish trend. Key Levels: Stop Loss: 83,954.20 (marked in blue at the bottom) Re-entry Level: 86,198.54 (near the 30 EMA) Target Price: 89,056.91 Support & Resistance Zones: Strong Support Zone: Around 83,954.20 Intermediate Resistance: Near 86,198.54 Major Resistance Zone: Close to 89,056.91 Trade Setup & Projection: The chart suggests a potential reversal from the support zone. The expected price movement shows a bounce from support, a breakthrough of the intermediate resistance, and a push toward the target price (89,056.91). The expected gain is 4,509.86 points (5.34%). Conclusion: If BTC holds the support zone, an upside move is likely. Breaking above 86,198.54 would confirm a bullish reversal. Failing to hold support at 83,954.20 could lead to further downside.
COINBASE:BTCUSDLong
by EA_GOLD_MAN_COPY_TRADE
GBP/USD Trade Analysis: Bullish Reversal from Support ZoneExponential Moving Averages (EMAs): 200 EMA (Blue) at 1.29309: Represents the long-term trend. 30 EMA (Red) at 1.29122: Represents the short-term trend. Price is currently below both EMAs, suggesting a bearish trend. Support and Resistance Zones: Resistance Zone (Purple at the top): Price previously reacted strongly at this level. Support Zone (Purple at the bottom): A potential demand area where price is currently bouncing. Trade Setup: Entry Point: Near 1.28875 (highlighted on the chart). Stop Loss: Set around 1.28714-1.28856, below the support zone. Target Point: 1.29730, above the resistance and near the 200 EMA. Risk-to-Reward Ratio: The setup aims for a higher reward than risk. Trade Idea: Bullish Reversal Trade: The price is reacting at a support zone, and the target aligns with a previous resistance level. A confirmation (strong bullish candle or break of 30 EMA) could indicate a move toward 1.29730. EMA Crossover Watch: If the 30 EMA crosses above the 200 EMA, it may confirm a stronger uptrend. Potential Risks: If price breaks below 1.28714, the bullish idea is invalid. Resistance at 1.29309 (200 EMA) could slow the move upward.
Long
by EA_GOLD_MAN_COPY_TRADE