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TTL Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Formation of Rectangular box Pattern in Daily TF. * From Feb 2024 to Oct 2024 its in range. * From Feb 2024 to Oct 2024 Tested & Moving Resistance Many times. * It's Break resistance Zone and trying to Sustain Above Resistance Zone with good volume good closing required. * Volume Accumulation (Volume is Rising). What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:TTLLong
by ChartSight
1
GBPUSD: Sellers approach multi-month-old support before US dataGBPUSD is slipping from last week’s bounce off a six-month support line. Traders are watching for Tuesday's US Consumer Confidence report, while the strong US Dollar and cautious mood ahead of the US Q3 GDP figures, inflation data, and Nonfarm Payrolls (NFP) are putting pressure on the Pound Sterling. Bears lose momentum While GBPUSD buyers aren’t gaining traction, sellers will struggle to take control. There are multiple support levels, and indicators like the RSI (14) and a weakening bearish MACD signal may hinder the bear’s progress. Key technical levels to watch Watch for the upward support line from late April around 1.2935, followed by the 200-SMA near 1.2800, as near-term key levels to watch for the GBPUSD sellers. If the bears push below 1.2800, look for support at the August and June lows around 1.2665 and 1.2610. GBPUSD needs to break the ascending trend line from early March near 1.3080 for a recovery. Additional resistance levels include the psychological barrier at 1.3000 and the 50-SMA at 1.3140. Lastly, a horizontal resistance zone near 1.3240 serves as a crucial barrier for buyers. Further downside appears less convincing With the bearish trend losing momentum, expectations for fewer rate cuts from the US Federal Reserve could change if upcoming data doesn't support US Dollar strength. This uncertainty calls for caution among GBPUSD sellers.
by MTradingGlobal
Bitcoin: BTCUSD bulls eye $68,700 resistance as key week beginsBitcoin's (BTCUSD) recent gains are under pressure as traders await important data this week, including the US Q3 GDP, Fed Inflation, and Nonfarm Payrolls (NFP). However, optimism about post-US election industry regulations and strong ETF inflows continue to support buyers. BTCUSD braces for major upside Although Bitcoin (BTCUSD) buyers take a breather, the prices remain above the key resistance-turned-support, and the oscillators are positive, too, suggesting the cryptocurrency pair’s further advances. That said, the quote’s sustained trading beyond the 100-SMA and month-old horizontal support join bullish MACD signals and an upbeat RSI (14) line, keeping the buyers hopeful. Key technical levels to watch Among the important technical levels, a one-week-old descending resistance line surrounding $68,700 gains immediate attention. Following that, the monthly high surrounding $69,490 and the $70,000 threshold will be in the spotlight. It should be noted that the BTCUSD pair’s successful trading beyond the $70,000 hurdle enables the buyers to aim for the yearly high of around $73,800. Meanwhile, the 100-SMA and aforementioned horizontal support restrict the short-term downside of Bitcoin to around $66,600 and $66,100 respectively. In a case where the BTCUSD prices remain bearish past $66,100, an upward-sloping trend line from early September, close to $63,000 at the latest, will be the final defense of the buyers. An interesting week for buyers Despite positive technical and fundamental signals for Bitcoin buyers, key data and events could introduce volatility, leading to month-end consolidation. Bulls should stay cautious, as they are likely to maintain control of the market.
BITSTAMP:BTCUSD
by MTradingGlobal
Cigniti Technologies Ltd - Long Setup, Move is ON...#CIGNITITEC trading above Resistance of 1119 Next Resistance is at 1487 Support is at 751 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:CIGNITITECLong
by MandeepSinghKohli
Gold portrays much-awaited pullback, focus on $2,710 & US dataEarly Friday, gold prices slipped after a brief bounce from a week-long support level, retreating from a point that has shifted from support to resistance. Traders are closely watching the September U.S. Durable Goods Orders. This movement highlights gold's defense against a mid-week rejection of a bullish trend, signaling the anticipated price pullback. Sellers flex muscles Gold is struggling to regain momentum, facing rejection from recent highs. With bearish signals from the MACD and an RSI close to 50, further declines in gold prices seem likely. However, strong support levels may challenge sellers' quest for lower prices. Key technical levels to watch In the past week, gold has seen multiple peaks and troughs, with the 50-day simple moving average (SMA) highlighting $2,715-$2,710 as a crucial support zone for sellers. Below that, the 38.2% Fibonacci Extension of gold's movements from September to October and the previous monthly high near $2,686 could attract bearish interest. Importantly, the upward-sloping trend line from early August and the 200-day SMA, around $2,657 and $2,638, respectively, will serve as final defenses for buyers before control shifts to sellers. On the upside, gold buyers are looking for confirmation from the lower boundary of the bullish channel, around $2,753. A successful breakout could lead to a rise towards the recent peak of $2,758 and potentially up to the channel’s upper line near $2,790. The 78.6% Fibonacci Extension at $2,772 and the $2,800 mark are additional upside filters to watch for the XAUUSD bulls. Bulls run out of steam Despite several strong support levels, the anticipated strength of the US dollar after upcoming economic data and recent technical consolidations indicate a potential short-term decline in gold prices. However, the overall bullish trend remains intact unless prices fall below $2,638.
OANDA:XAUUSD
by MTradingGlobal
Wochardt Ltd, classic Cup & handle break out (Long target ₹1500)Hello trader, Wockhardt Pharma is showing a promising technical setup with a classic cup and handle pattern breakout, supported by a significant volume spike . This pattern often signals the continuation of an uptrend, suggesting strong buying interest. Additionally, the RSI (Relative Strength Index) is above 60, indicating sustained strength and bullish momentum in the stock. These factors combined make wockhardt Pharma an attractive momentum play for traders, with the potential for continued gains if the breakout holds and volume persists. Note: This opinion is only for educational purpose, before trade please do your own analysis
NSE:WOCKPHARMALong
by Started_profitable
2
EURUSD bounces back from year-long support ahead of EU/US PMIEURUSD records its first daily gain in four, bouncing back from the lowest level since July 3, as traders eagerly await the preliminary readings of October's PMIs for the Eurozone and the US. The Euro pair’s movement aligns with overbought RSI conditions while it turns from an upward support line established in early October 2023. Sellers remain in control Despite an oversold RSI (14) supporting EURUSD's bounce from key support, bearish MACD signals and trading below the 200-SMA keep sellers optimistic. The downside bias is further strengthened by more dovish expectations from the European Central Bank (ECB) compared to the US Federal Reserve (Fed). Key technical levels to watch The multi-month support line around 1.0765 is crucial for EURUSD. A clear break below this level could expose the pair to a decline toward February and June 2024 lows, near 1.0700 and 1.0680, respectively. However, if the RSI conditions hold, Euro bears may face challenges around 1.0680. If not, the yearly low marked in April around 1.0600 will be the last line of defense for buyers before the pair heads toward the late 2023 bottom around 1.0450. Alternatively, a rebound for EURUSD seems unlikely while trading below the 200-SMA at 1.0870. That said, the immediate upside is protected by the 50% Fibonacci level from the pair's rise between October 2023 and September 2024, located around 1.0830. Additionally, the 38.2% Fibonacci level and an 11-week-old support line near 1.0920 and 1.1000 will be tough obstacles for bulls to overcome if they break past 1.0830. Further recovery looks challenging While some technical signals indicate that sellers may be losing momentum, several technical and fundamental factors suggest buyers are not yet ready to step in. The EURUSD's corrective bounce could continue with strong EU data and weak US statistics. However, if the US Dollar sees a positive surprise, the likelihood of further downside for the pair remains high.
by MTradingGlobal
USDJPY crosses 200-SMA to refresh 12-week high, focus on 152.00USDJPY has reached its highest point since July 31, rising for the third straight day after breaking the 200-day Simple Moving Average (SMA) early Wednesday. However, a seven-month-old resistance zone around 151.85-152.00 limits further gains of the Yen pair. Bulls need a strong push The US Dollar’s strength and bullish MACD signals keep buyers hopeful. Yet, overbought RSI conditions and tough resistance mean a significant boost is necessary for further upward movement. Without this, the pair could quickly drop below the 200-SMA, leading to short-term selling. Key technical levels to watch In addition to the 200-SMA support at 151.35 and the resistance zone around 151.85-152.00, several important technical levels are crucial for USDJPY traders. The 50% Fibonacci level near 150.80 will attract sellers if the price drops below the 200-SMA, along with the key threshold at 150.00. A drop to around 149.40 is possible if sellers gain control, and if the price falls past this level, September’s high of 147.20 and the 23.6% Fibonacci level at 144.85 will come into focus. On the upside, a close above 152.00 could encourage buyers to target the 61.8% Fibonacci level, or Golden Ratio, near 153.40. If momentum continues, potential targets may include June’s low of 154.55 and the 78.6% level at 157.20. Decisive move ahead… While buyers seem in control, the struggle to surpass key resistance amid overbought conditions and upcoming PMI data could lead to a necessary pullback. Traders should proceed with caution as the next moves in USDJPY will be crucial.
by MTradingGlobal
GBPUSD: Bears face limited downside ahead of BoE's Bailey speechOn Tuesday morning, GBPUSD is testing the 100-bar Exponential Moving Average (EMA) support, pulling back from last week's bounce. Traders are on alert as they await comments from Bank of England Governor Andrew Bailey. Sellers keep the reins but have limited downside room available While GBPUSD’s failure to stay above the 100-EMA and bearish MACD signals encourage sellers, a declining RSI (14) and a six-month-old ascending support line suggest only limited room for further decline. Key technical levels to watch The GBPUSD pair is currently supported by the 100-EMA around 1.2985 and an upward trend line near 1.2950, limiting immediate downside potential. If these levels break, the 50% Fibonacci retracement from April to September at 1.2865 could attract sellers, followed by the 61.8% retracement and August low at 1.2730 and 1.2665. On the upside, the 50-EMA and the 23.6% Fibonacci level around 1.3085 and 1.3165 will be crucial barriers. However, the key focus will be the horizontal resistance zone near 1.3230-40. If GBPUSD can hold above 1.3040, the next target could be around 1.3315-20, with the previous monthly high at 1.3435 acting as a potential stopping point. Bears approach key support zone GBPUSD is nearing important support levels as traders wait for comments from BoE’s Bailey, along with this week’s UK and US PMIs and Durable Goods Orders. With a more hawkish stance from the Fed compared to the BoE and concerns about the UK’s economic strength relative to the US, the pair is likely to maintain its downward trend, even if the downside potential seems limited.
by MTradingGlobal
Bitcoin: BTCUSD bulls struggle amid overbought RSI, $70,100 eyedOn Monday morning, Bitcoin (BTCUSD) experienced slight losses after reaching a three-month high. This movement highlights overbought RSI conditions, indicating weak upside momentum beneath the horizontal resistance area established since early June. Buyers remain hopeful Despite overbought RSI conditions and facing key resistance, Bitcoin (BTCUSD) buyers remain optimistic. The pair is holding above last week’s breakout from a descending resistance line, which is now acting as support around $67,700. Additionally, bullish MACD signals suggest strong buyer momentum. Key technical levels to watch The horizontal resistance around $70,100 is a key barrier for Bitcoin bulls. They should also monitor the $70,000 threshold and recent highs near $72,000 as additional hurdles. If BTCUSD breaks through, the yearly peak near $73,800 and the $75,000 mark will attract buyers' attention. If Bitcoin (BTCUSD) breaks below the former support at around $67,700, it could trigger a short-term decline. Key levels to watch include the previous monthly high near $66,500 and the 200-SMA support around $63,300. If prices fall below $63,300, the next significant support is at $62,500. A move past that could lead to a drop towards the psychological level of $60,000 and potentially a monthly low of around $58,870. Upside potential remains intact Overall, Bitcoin (BTCUSD) buyers are likely to remain in control despite the challenges at key resistance. However, a price pullback is possible if the US Dollar strengthens from this week’s PMIs and Durable Goods Orders data.
BITSTAMP:BTCUSD
by MTradingGlobal
Nalwa Sons Investments Limited - Breakout Setup, Move is ON...#NSIL trading above Resistance of 5041 Next Resistance is at 10381 Support is at 4367 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NSILLong
by MandeepSinghKohli
IIFL Securities Ltd - Breakout Setup, Move is ON...#IIFLSEC trading above Resistance of 415 Next Resistance is at 655 Support is at 282 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IIFLCAPSLong
by MandeepSinghKohli
MCX - Breakout Setup, Move is ON...#MCX trading above Resistance of 6457 Next Resistance is at 7809 Support is at 5105 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MCXLong
by MandeepSinghKohli
Anand Rathi Wealth Ltd - Breakout Setup, Move is ON...#ANANDRATHI trading above Resistance of 4226 Next Resistance is at 5147 Support is at 3413 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ANANDRATHILong
by MandeepSinghKohli
Precision Camshafts Ltd - Breakout Setup, Move is ON...#PRECAM trading above Resistance of 292 Next Resistance is at 456 Support is at 177 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PRECAMLong
by MandeepSinghKohli
Nalwa Sons Investments Limited - Breakout Setup, Move is ON...#NSIL trading above Resistance of 4367 Next Resistance is at 5041 Support is at 3276 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NSILLong
by MandeepSinghKohli
IIFL Securities Ltd - Breakout Setup, Move is ON...#IIFLSEC trading above Resistance of 258 Next Resistance is at 415 Support is at 173 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IIFLCAPSLong
by MandeepSinghKohli
Anand Rathi Wealth Ltd - Long Setup, Move is ON...#ANANDRATHI trading above Resistance of 3769 Next Resistance is at 4226 Support is at 3233 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ANANDRATHILong
by MandeepSinghKohli
MCX - Breakout Setup, Move is ON..#MCX trading above Resistance of 5182 Next Resistance is at 6457 Support is at 3980 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MCXLong
by MandeepSinghKohli
Gold renews all-time high within bullish channel, $2,750 eyedGold prices soared to a record $2,710, marking four days of gains as investors flock to safety. Despite a stronger US dollar, gold has remained within a rising trend channel for the past three months. Caution Ahead While the bulls celebrate breaking through a three-week-old resistance level, the momentum indicators suggest a potential pullback. With the RSI nearing overbought territory, we might see a brief dip before another surge in prices. Key technical levels to watch Gold’s next challenges lie at the 50% and 61.8% Fibonacci Extension (FE) of the bullion’s September-October moves, respectively near $2,711 and $2,736, especially amid nearly overbought RSI conditions. In a case where the precious metal remains firmer past the $2,736 hurdle, the aforementioned bullish channel’s top line surrounding $2,750 will be a tough nut to crack for the buyers. A breakthrough there could spark a rally towards the psychological $3,000 mark, with potential resistance around $2,800 and $2,900. On the contrary, Gold’s price has solid support at the $2,700 level and the 38.2% Fibonacci Extension around $2,686. If it falls below these, watch for a key support zone near $2,665, where the late September resistance and the 10-day EMA converge. Should XAUUSD bears keep the reins past $2,665, the channel’s bottom line of near $2,630 will be the last defense of the buyers. Buyers are likely to stay in control despite a potential pullback While a short-term pullback in gold prices appears overdue, the overall bullish trend is expected to hold strong due to global economic and geopolitical uncertainties.
OANDA:XAUUSD
by MTradingGlobal