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Gold Forms Head and Shoulders Pattern on 15-Minute Chart!!!Gold is showing a classic Head and Shoulders pattern on the 15-minute chart, signaling potential bearish momentum. The key breakdown level is at 2770 on a closing basis. If the price closes below 2770, it could confirm the pattern and trigger further downside. A move above 2777.89 (right shoulder) would invalidate this setup. Traders should watch these levels closely for potential trading opportunities. Disclaimer: Conduct your own research before trading.
OANDA:XAUUSD
by nilesh_shukla
SAPPHIRE: A High-Probability Trading OpportunityThe stock market is full of opportunities, but finding trades with strong confluences of price action concepts is a skill that separates consistent traders from the rest. Today, let’s dive into SAPPHIRE and explore why it could offer a compelling trade setup. 🛠️ Technical Analysis Breakdown SAPPHIRE is currently positioned at a significant price level, where multiple technical factors are aligning to create a potential high-probability trade setup. Let’s break this down: 📉 Demand Zone Confluence SAPPHIRE is trading within a daily demand zone , which lies inside a weekly demand zone . Daily and weekly Demand Zone : A footprint of smart money buyers, indicating strong potential for upward price movement. 💡 When such demand zones overlap, it creates a strong base for buyers, significantly increasing the chances of price reversal. 📈 Trendline Support The stock is also trading above a strong upward-sloping trendline , which has consistently acted as support in the past. This trendline reflects the stock's upward momentum and the confidence of buyers. 🔄 Potential Triple Bottom Formation The stock's current positioning suggests that if it reverses from this area, it may form a triple bottom pattern . This is a powerful bullish reversal pattern that signals an end to the downtrend and a potential shift to higher prices. 🏛️ Key Resistance Turned Support SAPPHIRE is hovering around a level that previously acted as a strong resistance before the breakout. Now, this same level is expected to act as support due to the concept of role reversal in technical analysis. 🔗 Why This Setup Stands Out Multiple price action concepts—demand zones, trendlines, role reversal are aligning at this point. High probability of reversal due to smart money footprints in demand zones. Low risk and high reward potential, as the risk can be defined by setting a stop-loss just below the demand zone. 🎯 Final Thoughts This setup on SAPPHIRE offers an excellent opportunity for traders who can manage their risk effectively and have the patience to let price action confirm the trade. Always remember, confluence of multiple technical factors increases the probability of success but does not guarantee it. 📌 "Success in trading comes from disciplined preparation and precise execution." Feel free to ask if you have questions. Remember, trading is a marathon, not a sprint—stay consistent and keep learning! 🚀 📢 Disclaimer This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. I am not a SEBI-registered analyst.
NSE:SAPPHIRELong
by AfnanTAjuddin
1
DXY to CRASH to 100.Attached: Daily Price Chart Live 24th Jan 2025 #DXY has Topped out on Trump saying he will Demand Immediate Interest Rate Cuts at DAVOS, and also BOJ Hiking Rates today to highest since 2008 GFC The Sell Off has got triggered by break of 50 DEMA and a Classic HNS Top Pattern🐻 Indicators like Daily RSI breaking below 50 and also Daily MACD in Sell Mode are supportive of the bearish price action Downside Target: TVC:DXY headed back to 100🎯📉 This would also be Very Bullish for Precious Metals like #XAUUSD and #XAGUSD
TVC:DXYShort
by T_Harth
GOLD: Will a Pullback Follow This Rally?📊 Technical Analysis Recap: Following yesterday’s analysis, our market outlook remains on point, delivering a 100-pip profit from our BUY signal. While there have been minor pullbacks, they’ve not been significant enough to break the market’s bullish structure. Our weekly plan has aligned perfectly with the arrows plotted on the chart. 🔍 Key Market Insights for Today: The higher timeframe remains bullish, with GOLD nearing critical resistance levels that may signal a potential strong pullback as the week closes. GOLD continues to trade within an ascending channel, with additional BUY opportunities marked on the chart (dashed lines). ⚡️ Key News Events: Today features the release of Flash Manufacturing PMI and Flash Services PMI data. While not major drivers, being the final trading day of the week, these events could trigger 30-35 points of volatility. Keep an eye on potential spikes toward upper resistance levels, which could set the stage for a significant pullback. For now, we continue to focus on the bullish trend, with updates to come during the European and U.S. sessions. 📈 Key Resistance Levels: 🟥 2774 - 2782 - 2788 📉 Key Support Levels: 🟩 2754 - 2745 - 2736 - 2724 🎯 Suggested Trading Strategies: 🟢 BUY SCALP: Entry: 2745 - 2743 SL: 2739 TP: 2748 - 2751 - 2755 - 2760 🟢 BUY ZONE: Entry: 2738 - 2736 SL: 2732 TP: 2742 - 2746 - 2750 - 2755 - 2760 🔴 SELL SCALP: Entry: 2774 - 2776 SL: 2780 TP: 2770 - 2766 - 2762 - 2758 - 2752 🔴 SELL ZONE: Entry: 2788 - 2790 SL: 2795 TP: 2785 - 2782 - 2778 - 2772 - 2766 - 2760 ⚠️ Important Notes: 📌 Trade Carefully: Volatility may spike during the week’s closing sessions. 📌 Watch for Reversals: Look for signs of significant corrections near key resistance levels. 👉 Stay tuned for real-time updates during the European and U.S. sessions! 💬 Share your thoughts in the comments! 📢 Follow KevinNguyen-SimpleTrade for daily insights, actionable strategies, and precise trade setups. Let’s conquer the market together! 🚀
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
BANKNIFTY stuck in a Range in 1 hour timeframeObservations BANKNIFTY has been consolidating within a defined range for the past 4 trading sessions in one hour candle chart Support level: 48000 Resistance level: 49660 Price action has been characterized by lack of strong directional bias Trading Idea Breakout Strategy: Long Entry: A decisive break above the resistance level 49660 with increased volume and confirmation from indicators. Stop-Loss: Below the recent swing low within the range. Target: Risk-Reward ratio of 1:2 Short Entry: A decisive break below the support level 48000 with increased volume and confirmation from indicators. Stop-Loss: Above the recent swing high within the range. Target: Risk-Reward ratio of 1:2 Considerations: Volume: Increased volume on the breakout can strengthen the move. Indicators: Consider using indicators like RSI, MACD, or Bollinger Bands to identify potential divergences or confirmations. News & Events: Be aware of upcoming budget events that could impact market sentiment. Disclaimer: This is for informational purposes only and not financial advice. Trading involves risk, and you should always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTY
by pickmystox
2
Aarnav Fashions cmp 73.10 by Weekly Chart view since listedAarnav Fashions cmp 73.10 by Weekly Chart view since listed - Support Zone at 45 to 50 Price Band - Resistance Zone at 71 to 76 Price Band - Volumes spiking heavily over the past few weeks - Falling Resistance Trendline Breakout by good Volumes traded quantity - Close to 3 years long Bullish Cup & Handle made by the neckline at Resistance Zone - Weekly basis Support seen at 61 > 49 > 37 with the Resistance seen at 85 > 97 > 109
BSE:AARNAV
by PIYUSHCHAVDA
2
INDIGO to DUMP on Earnings!Attached: Daily Live Chart 24th Jan 2025 - Price below POC Volume Profile, 20 DSMA & Chandelier Stop - Sideways consolidation waiting to DUMP - Larger Bear Flag + Super Bearish HNS🐻🔨📉 - Price also below Ichimoku Cloud Sub 4000 to 3750, to 3500 downside target🎯 Downside can stretch all the way to 3200 to 3000🎯 as well as Price would trade below the 200 Day EMA and the Worst Price Declines happen below the 200 day moving average! And another Bearish Fundamental note is: In last 6 months, promoter holding in the company has decreased by 6.02% and they are the largest holders of the stock while DIIs (Mutual Fund) holding has been continuously increasing meaning mean Smart Money dumping/ Change of Hands
NSE:INDIGOShort
by T_Harth
XAUUSD 1H SELL LIMIT PROJECTION 24.01.24Key Components of the Chart: Channel Analysis: The price is moving within a clearly defined parallel upward trend channel. The channel is marked with two parallel trendlines: an upper resistance trendline and a lower support trendline, indicating the prevailing short-term bullish momentum. Resistance Zone (R1): A major resistance level is identified near 2788-2790, which aligns with the upper boundary of the trend channel. This area is marked as a potential entry zone for a sell limit order, based on the expectation of a rejection from this resistance level. Support Zone (S1): A support level is marked near 2780, acting as the take profit (TP1) for the proposed trade. This is also in line with the midline of the channel, suggesting a likely pullback target. Entry & Stop Loss (SL): Entry zone: 2788–2790 (at resistance R1). Stop loss (SL): 2798, placed just above the resistance zone to account for false breakouts. Take profit (TP1): 2780, aiming for a move back toward the support level. Trendlines and Candlestick Interaction: The chart highlights how price action respects both the upper resistance trendline and lower support trendline through previous touchpoints, indicating strong adherence to the channel. Bearish Projection: The setup assumes a short-term bearish reversal from the resistance zone, as the price is anticipated to test the lower levels within the channel.
FXOPEN:XAUUSDShort
by kripsonfx97
#Nifty may go much lower than we imagine - ShortGood Morning, friends! 🌞📊 24 Jan 2024 Market View: 🔹 Nifty is currently trading at 23,200. 🔹 It seems likely to find support at the AVWAP of the October low. 🔹 However, if it breaks below this AVWAP level, a bearish trend may emerge. 🔹 In such a scenario, we can adopt a short position with a stop-loss above 23,473. 📉 Short Position Details: Entry: 23,200 Stop-Loss (SL): Above 23,473 Target: 22,207 Risk-to-Reward Ratio: 2.78 📌 Summary: This setup provides a favorable Risk-to-Reward ratio, making it an attractive opportunity for those comfortable with the market's direction. Keep a close eye on price action near the AVWAP level and trade cautiously! 📜 Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk and may not be suitable for all investors. Please do your own research or consult with a professional financial advisor before making any trading decisions. Past performance is not indicative of future results. Trade safe! 💹✨
NSE:NIFTYShort
by tejassuthar
Nifty Trading Strategy for 24th January 2025Nifty Trading Strategy Buy Strategy: Buy Above: The high of the 15-minute candle that closed above 23,280 Targets: 23,320, 23,360, 23,405 Stop-Loss: Below the low of the 15-minute candle that closed above 23,280 Sell Strategy: Sell Below: The low of the 15-minute candle that closed below 23,195 Targets: 23,155, 23,105, 23,070 Stop-Loss: Above the high of the 15-minute candle that closed below 23,195 Disclaimer: I am not SEBI registered. This analysis is based on historical data and market trends. Past performance is not indicative of future results. Trading and investment involve risks, and you should conduct your own research or consult with a financial advisor before making any decisions.
NSE:NIFTY
by ramkkyy
Bank nifty trades and targets - 24/1/25Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trades. If we do trades in between these zones premium eating will happen and we end up seeing losses. Book profits every 30 points as we are getting very few trending moves. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades.
NSE:BANKNIFTY
by GOPISRI
Persistent Systems: A Promising Opportunity?Persistent Systems is currently trading in an ascending channel, indicating an ongoing uptrend 📈. After correcting nearly 20% from its all-time high (ATH)—which coincided with the channel top—it has now broken above a key trendline with strong volume and a wide-range bullish candle 💪. 📊 Key Technical Analysis: 🎯 Entry: ₹6,365 ⛔ Stop Loss (SL): ₹5,538 (closing basis) 🏁 Targets:T1 (Previous ATH): ₹6,790 (+7%) Positional Target: ₹7,681 (+21%) Long-Term Target: ₹9,094 (+43%) 📌 Technical Highlights: 1⃣Persistent has bounced back from the 50 DMA, showing strong respect for this critical support level 2⃣Closed above the 50 DMA with a strong bullish candle (minimal upper wick, significant volume). 3⃣Trendline Breakout 4⃣RSI is rising, indicating upward momentum. 5⃣Channel top could act as resistance—keep an eye on price action near T1 levels. 🧮 Position Sizing:Start with 20-30% of your planned allocation at ₹6,365. If ₹6,790 is broken with volume, consider adding more. Partial profits can be booked at T1, with the remainder trailed for higher targets. ⚠️ Respect the SL (Stop Loss), as it represents a 12.45% risk. 📈 Why Persistent Systems Looks Attractive for Long-Term Consideration: 1. 🌟 Growth Drivers: AI Integration: AI is a core focus for Persistent’s growth strategy, with significant investments in AI-driven solutions 🤖. Strategic Acquisitions: Acquisitions like Starfish Associates (contact center modernization) and Arrka (digital governance and AI cybersecurity) enhance Persistent’s offerings. 📊 Revenue Momentum: The company has reported 18 consecutive quarters of revenue growth, recently achieving a robust 18.4% YoY increase. 🏆 Industry Recognition: Named the fastest-growing IT services brand in the 2024 Brand Finance India 100 report, highlighting its competitive edge. 2. 🛠️ Expansion Plans: Focused on AI-led, platform-driven services to drive innovative solutions for clients. Strengthened executive leadership to support non-linear growth through mergers, acquisitions, and large deals. 3. 💹 Respecting Key Support Levels: Persistent has consistently respected the 50 DMA, a strong indicator of investor confidence and support at this level. These factors, coupled with the company’s strategic focus on AI and consistent execution, make Persistent Systems an attractive consideration for long-term investment. 🌍 Broader Sector Context: The IT sector is holding up well despite market volatility, and Persistent’s positioning in emerging technologies like AI ensures it is aligned with future trends 🔮. 💡 Final Thoughts: This trade is against the trend, so trade light and manage risk effectively ⚖️. The channel top could pose resistance, but the overall structure and long-term prospects are promising. The probability of trades failing is high when the market is in a downward trend. Please keep that in mind. If you find this analysis insightful, like and share to help others make informed decisions 👍. Follow me for more educational trading ideas and detailed stock analysis 📚. ❗ Disclaimer: This is for educational purposes only. Please consult with your financial advisor before making any trading or investment decisions.
NSE:PERSISTENTLong
by sagartharayil