Is this stock potential? How can we trade? HDFC AMC All of the major index and stocks are trading in bearish structure. Market is potentially discounted and we can look for some buy opportunities.
Looking at HDFC AMC stocks, it is still trading in Bullish structure. For any buy setup we would wait for a Change of structure on lower timeframe , mostly on 15 mins.
Look for MSs on 15min and then we can target the daily recent high as future targets.
Trade safe. This is just for educational purposes.
Chart Patterns
NIFTY is in Falling ChannelNifty at Falling Channel bottom area
Support 23350 & Resistance at 24050 (Channel Top)
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.
Xauusd long loading..Gold is currently experiencing bullish momentum, suggesting a potential upward movement towards the 2700 level. If the daily candle closes and maintains its position above 2650 today or tomorrow, the immediate targets to watch for will be 2675 and then 2700.
Gold will rebound from trend line and grow to 2700If we look at the chart, we can see how the price started falling inside the descending channel and then fell to the resistance level, coinciding with the resistance zone. The price traded in this area for a while and later broke through 2735 points, after which it fell to almost the support line of the channel, and then turned around and rose to the resistance line, and then continued to fall. In a short period of time, the price fell to the support level, coinciding with the support zone, and then rebounded, and then rose slightly, and then continued to fall, breaking through 2595 points. Gold later touched the trend line, and then turned around and began to rise, exiting the descending channel. The price soon rose to 2595 points, broke through again, and continued to rise near the trend line. So far, the price continues to rise near this line, and I expect XAUUSD to rebound from the trend line and start to rise to 2700 points.
Long trade in UDS Possible long trade in Updater Services limited
Stock is comming out of Ipo base with cup and handle formation on weekly time frame.
After breakout, stock has pulled back, making risk reward favourable.
With entry around 390 and SL of 365 (end of day closing), a long trade can be taken.
Disclaimer: This is not a recommendation. Please do your own research before taking position.
GRASIM - UP for a 10% correction from 2500 levels?
CMP - 2508
TF: daily
5 wave impulse from June'22 lows (1271) has ended at 2877.75. The Zone for the 5th wave termination was between 2731 to 2923
Internal counts are highlighted/mentioned in the chart for easy understanding.
Upon completion of the 5 wave impulse, price came down in single leg about 380 points. We can consider this as wave A and then a corrective rise to 2833 for wave B and thereby making a Double TOP. Price is now trading in the C wave and could potentially head towards 2200-2100 levels in the coming sessions.
This fall could very well be a 5 wave structure too.. but for now, I have labelled it as 3 wave down-move only.
Break of the 2-4 trendline (rising trendline from wave 2 low of 1521 and wave 4 low of 2171) would confirm trend reversal
For now. the AVWAP from the B wave top at 2645 will act as the RESISTANCE
- Price has broken the swing low of 2505 and consolidating at the breakout zone. Needless to say, the first dip to this level was bought in to already.. the current consolidation could very well signify a potential breakdown.
- the 2490-2510 range is also happens to be the 200 DEMA.. Price is consolidating here instead of bouncing up strongly.
- Price on Daily TF is trading well below the Cloud, Base and Conversion lines..
- The next potential SUPPORTS are 2171 June'4th Low, and 2210 (AVWAP from the lows)
- Since this is a retracement of the entire impulse from 1271 to 2877, the 50% fib level is placed at 2075
- In harmonic pattern, the minimum expected target is around 2250
- Assuming that this is a 3 wave swing, I have considered alternate Shark pattern in Harmonics.. if it goes past the X leg at 2182, then Cypher pattern will come in to play (target would be 1900 to 1700).. to be reviewed how it acts at 2000-2200 levels first.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Vodaidea load at 5 levelsVodafone idea is looking to take support at 5 rupee levels.
One can wait and accumulate at 5 levels for the target of 20s
Nifty Intraday Levels | 21-NOV-2024Nifty Options Scalping
1️⃣ Zones to Watch:
👉Green Zone: Institutional support
👉Red Zone: Institutional resistance
👉Gap: 100-200 points between zones
👉Zone Creation: Based on pivot points and Fibonacci
👉Chart: Use Nifty futures chart for reference
2️⃣ Trade Execution:
👉Order Flow: Triggers trades
👉Timeframes: 1-min & 5-min for scalping
👉Risk-Reward: 1:2 (Risk 1 to gain 2)
👉Strike Price: ATM or slightly ITM options
👉Position Sizing: Adjust to risk tolerance
3️⃣ Rules:
👉9:15 AM Sharp: Ready for market open
👉Risk Management: Top priority
👉Quick Trades: "Morning breakfast" scalps
👉Stop-Loss: 10 points
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Gold spot : Cup target reached, achieving profit of +33% ROIThe Cup and Handle is a bullish continuation pattern in technical analysis that suggests a potential upward movement in asset prices. Formed over time, the pattern resembles the shape of a teacup, where the “cup” is a rounded bottom, indicating a gradual recovery after a downtrend or side waves.
Following the cup, a smaller dip called the “handle” occurs, representing a brief consolidation before the price rallies upward. Traders see this pattern as a signal of buying pressure gaining strength and often enter long positions during the breakout above the handle’s resistance, anticipating further price gains and momentum.
• Bullish Continuation: The cup and handle pattern is a bullish continuation pattern, suggesting that the uptrend is likely to resume after the pattern formation completes. This can present an excellent opportunity for traders to enter long positions.
• Clear Entry and Exit Points: The pattern provides well-defined entry and exit points, allowing traders to plan their trades precisely.
• The pattern was first described by William J. O'Neil in his 1988 classic book on technical analysis, How to Make Money in Stocks.
Buy at the breakout point of the handle price at 2,081.7 in March 2024, and sell at 2,783.65 in October 2024, achieving a potential profit of +33% ROI.
Nifty Nov Short Strangle StrategyCurrently Nifty is following a descending channel. If the channel holds till November expiry, then one can benefit from entering a Short Strangle with 23000 PE and 23850 CE for November expiry.
USDJPY: Uptrend Faces Challenges at 156.65 ResistanceUSDJPY is currently trading at 155.68, reflecting a significant upward momentum in recent sessions. After successfully testing the strong support area at 153.40—a confluence of the 89 EMA and an ascending trendline—the pair surged sharply toward the key resistance zone at 156.65.
However, the 156.65 – 157.00 zone is considered a "pressure area," with the potential to trigger a short-term correction. If the price fails to break above this resistance, USDJPY could pull back to test support at 154.70 or even deeper at 153.40.
On the news front, the USD remains strong, driven by expectations that the Fed will maintain high interest rates, while the Bank of Japan continues its accommodative policy. Investors should pay close attention to key U.S. economic data, such as PMI figures and speeches from Fed officials this week, as these factors will strongly influence USDJPY's price action.
Strategy: Monitor price reactions at the 156.65 resistance zone. A breakout could target 157.50, while rejection at this level increases the likelihood of a pullback toward support levels.
NIFTY RANGE AT MAKE OR BREAK LEVELMarket Context and Current Position:
The market appears to be completing the Elliott Wave (5), indicating a potential cycle conclusion.
The recent price action shows bearish divergence in the RSI indicator, which signals momentum loss and a higher likelihood of a reversal or correction phase.
The current level aligns closely with a Fibonacci retracement zone (38.2%), a historically significant support level.
Potential Scenarios:
Reversal Scenario:
If the market respects the Fibonacci 38.2% level, a rebound can be expected.
The Elliott corrective wave (likely ABC) could transition into a new bullish impulsive wave structure, contingent upon strong buying pressure.
Continuation of Correction:
A failure to hold at the 38.2% retracement level could lead to a deeper correction toward the 50% retracement level, coinciding with a critical long-term trendline from the March 2020 low.
This would represent a structural retest of the broader bullish trend initiated post-COVID crash.
Key Levels to Watch:
Resistance Levels:
The immediate resistance lies around the peak of the recent wave (near the 23,500–24,000 zone).
Any upward breakout should be monitored for a potential extension of the wave 5 structure.
Support Levels:
The 38.2% retracement level (approximately 23,000) and the trendline support.
The 50% retracement level (~21,500) as the next crucial fallback if the 38.2% level is breached.
Update the latest gold price todayOn November 18, gold prices soared nearly $50, breaking a six-session losing streak as the U.S. dollar paused its rally and the Russia-Ukraine conflict intensified. Spot gold closed the session at $2,611 per ounce, recovering from a two-month low.
The sharp rise in gold was partly fueled by U.S. President Joe Biden's announcement allowing Ukraine to utilize long-range weapons supplied by the U.S. to target deep inside Russian territory. This escalation in geopolitical tensions has significantly boosted demand for gold as a safe-haven asset.
This recent rally underscores gold's resilience in times of heightened uncertainty, with investors flocking to the precious metal amid a volatile global landscape.
HOW HIGH CAN BITCOIN GO?Here is a detailed analysis based on Bitcoin's previous cycle. Analyzing the previous cycle chart on the weekly timeframe revealed an interesting report on the importance of technical analysis. We could have easily predicted the blow-off top by using Fibonacci retracement on different tops and pullbacks of the previous cycle. So, I used the same analysis this time to see what it tells about this cycle. But it is important to note that this is for first leg of the bull cycle only, which will be followed by the second leg. The first top will come at about 160K.
#BTC #CRYPTO
Natural Gas MCX Future Intraday Technical Analysis for 20 Nov.🚀 Unlock the potential with my #NaturalGas Intraday Technical Analysis for 20 November 2024!
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📍 Range Trigger Point: 255.20
📅 Day Range: 12.90
📈 Long Position
🔹 Buy Above: 253.27
📊 Average Position: 251.75
🎯 Target 1: 263.17
🎯 Target 2: 268.10
⛔ Stoploss: 248.97
📉 Short Position
🔹 Sell Below: 250.23
🎯 Target 1: 247.23
🎯 Target 2: 242.30
⛔ Stoploss: 254.53
✨ 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! 📈
#NaturalGas #NaturalGasMCX #Commodities #TradingSignals #IntradayTrading #MCX #NumroTrader
#Banknifty directions and levels for November 21stBank Nifty Current View:
The structure is similar to the Nifty sentiment. If the market declines initially, we can expect a minimum of 78% (OIS) if it breaks the level of 50,316. Notably, if it reaches this level with gradual movement (MDZ), we can expect a minimum bounce back of 23% to 38%. On the other hand, if it reaches this level with a solid structure or consolidates around here, then the correction is likely to continue. This is our first variation.
Alternate View:
The alternate variation suggests that if the market pulls back initially, we can expect a range-bound market between the previous session's range. This means if it breaks 50,648, it will reach 50,867. After that, if it gets rejected there, it will close where it opened.
NIFTY50: INSTITUTIONAL LEVELS FOR 21/11/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
BEL Q2 Growth of 14.8% Signals Potential Breakout, Targeting 340Details:
Asset: Bharat Electronics Limited (BEL)
Breakout Level: Watch for technical confirmation of breakout
Potential Target: 340+
Stop Loss: Below recent support levels or as per individual risk tolerance
Timeframe: Short to medium-term
Rationale: BEL reported a strong Q2 performance with a 14.8% growth, signaling robust financial health. This positive development increases the likelihood of a breakout, supported by improved fundamentals and investor sentiment.
Market Analysis:
Fundamental Support: The Q2 results showcase BEL’s continued growth trajectory, potentially attracting more interest from institutional and retail investors.
Technical Setup: The stock is showing signs of consolidation, with a breakout appearing imminent. Watch for sustained movement above resistance levels.
Price Target:
Based on technical and fundamental analysis, the stock could reach 340+ post-breakout.
Risk Management:
Implement a stop loss near the recent support levels to minimize downside risks in case of a reversal.
Timeframe:
The move toward 340+ is expected over the short to medium term, contingent on sustained buying pressure and broader market conditions.
Risk-Reward Ratio:
With strong Q2 fundamentals and an imminent technical breakout, the setup offers a favorable risk-reward ratio for bullish investors.
Keep an eye on the stock’s price action and volume as it approaches critical resistance levels for confirmation of the breakout.
Bullish momentum stalls amid resistanceUSD/JPY is currently trading around 154.57 after a strong rally. It seems that the bulls have run into pressure at the 155.00 resistance zone, while technical and market sentiment factors are also influencing the next direction of the pair.
Technical analysis:
Nearest resistance: 155.00 - a strong psychological resistance zone where the price is struggling to overcome.
Nearest support: 154.00 - a key support level, if broken, the price could fall further to 153.00.
EMA 34 and EMA 89: The price is trading around EMA 34 (short-term support), but is still above EMA 89, suggesting that the medium-term uptrend is still in place.
Price pattern: There are signs of a pause, with the possibility of forming a "Pullback" pattern or a slight reversal before continuing the main trend.
Personal opinion:
I see the market facing a dilemma between buying and selling forces. The recent increase in USD is supported by high US bond yields and positive market sentiment. However, if it fails to break above the 155.00 zone, USD/JPY may correct slightly before looking for new momentum to continue rising.
Trading strategy:
Buy: When the price breaks above 155.00, the next target is 156.00.
Sell: When the price falls below 154.00, the next support target is 153.00.
#Nifty directions and levels for November 21stGood Morning, Friends! 🌞
Here are the market directions and levels for November 21st.
Market Overview:
There are no significant changes in the global market sentiment. The Dow Jones is showing a moderately bearish trend, and our local market is also indicating a bearish sentiment. Today, the market may open neutral to slightly gap-down, as Gift Nifty is showing a negative 40-point movement.
In the previous session, both Nifty and Bank Nifty experienced huge oscillations. Structurally, the market closed between minor swings, which makes it seem like a range-bound market.
What about today?
We are still in a minor downtrend. If the market opens with a gap-down, the same bearish direction may continue. On the other hand, if it takes a pullback initially, we might see some consolidation within the previous session's range. Let’s explain this further with charts.
Both Nifty and Bank Nifty are showing similar structural sentiment.
Nifty Current View:
The current view suggests that if the market declines initially, we can expect a minimum of 23,275 (MDZ) if it breaks the level of 23,399. Notably, if it reaches this level with gradual movement (MDZ), we can expect a minimum bounce back of 23% to 38%. On the other hand, if it reaches this level with a solid structure or consolidates around here, then the correction is likely to continue. This is our first variation.
Alternate View:
The alternate variation suggests that if the market pulls back initially, we can expect a range-bound market between the previous session's range. This means if it breaks 23,585, it will reach 23,713. After that, if it gets rejected there, it will close where it opened.
BANKNIFTY: INSTITUTIONAL LEVELS FOR 21/11/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
