Get started

Chart Patterns

GOLD Trading Strategy for 17-02-2025📢 GOLD Trading Strategy & Levels 📊 🔹 Buy Above: $2,900 🎯 Targets: $2,910 | $2,918 | $2,925 | $2,933 🛑 Stop-Loss: Low of the 1-hour candle that closes above $2,900 📌 Entry Rule: Buy above the high of the One hour candle that closes above $2,900. 🔹 Sell Below: $2,875 🎯 Targets: $2,864 | $2,847 | $2,832 | $2,818 🛑 Stop-Loss: High of the 15-minute candle that closes below $2,875 📌 Entry Rule: Sell below the low of the 15-minute candle that closes below $2,875. ⚠️ Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Please conduct your own research before making any investment decisions. 🚨
TVC:GOLD
by ramkkyy
Redington cmp 245.26 by Weekly Chart viewAdd the stock to your watchlist for New ATH levels creation on the way Redington cmp 245.26 by Weekly Chart view - Volumes have burst out exponentially over last few weeks - All Major Technical Indicators EMA, MACD, RSI trending very positively - Weekly Support at 216 > 183 > 152 and Resistance ATH 248 and every New ATH - Stock Price traversing within the Rising Price Channel and has hit ATH 248 last week - Also Multiple Bullish Rounding Bottoms formed by considerate VCP Pattern too can be seen
NSE:REDINGTON
by PIYUSHCHAVDA
Bitcoin - Bullish and strong Buy - Target 104KMultiple times in my previous charts i have said price below 97K is seeing buying by big players. Which is very very clear in chart with multi month and week support visible in chart. Any price below 97K is being bought by big players in US and these days outside US as well. Multiple people clearly pointed out the money flow into Bitcoin which is visible in other indicators. only because of long weekend price is sideways to bearish in short term which is cleverly accumulated by big players. I am expecting price above 100K in coming days to test the previous strong resistance above 104K for now.
by venkatfx
1
Unlocking Breakouts with the Symmetrical Triangle PatternUnderstanding the Symmetrical Triangle Chart Pattern Hello Traders! Today, we’ll discuss one of the most powerful chart patterns used to predict breakout opportunities — the Symmetrical Triangle . This pattern is a sign of market consolidation, where price is moving within a narrowing range, and a breakout is expected once the price escapes from this converging trend. The Symmetrical Triangle consists of two trendlines: Ascending Trendline : Connecting the rising lows. Descending Trendline : Connecting the falling highs. Key Characteristics of the Symmetrical Triangle Pattern: Consolidation Period : The price moves between the two trendlines, showing decreasing volatility. Breakout : Once the price breaks above the upper trendline (ascending trendline) or below the lower trendline (descending trendline), it signals a strong trend continuation or reversal. Volume Analysis : Volume usually decreases during the consolidation phase, followed by a surge in volume during the breakout, confirming the direction. How to Trade the Symmetrical Triangle? Entry Point : After the breakout occurs (above the ascending trendline or below the descending trendline), enter the trade in the direction of the breakout. Stop Loss : Place a stop loss just below the breakout level to protect your position from false breakouts. Target : The target can be estimated by measuring the height of the triangle from the base and projecting that distance from the breakout point. Example of Symmetrical Triangle in Action In the Godfrey Phillips India chart , we can see a Symmetrical Triangle forming between 2021 and 2023. The price broke out of the pattern in late 2022, giving traders a strong upward momentum. Based on the measured move, the target was met after a clear breakout above the ascending trendline , which resulted in a price rise of 42.37%. Conclusion The Symmetrical Triangle is a reliable continuation pattern that provides great trading opportunities. Make sure to watch for volume confirmation during the breakout, and always use a stop loss to protect yourself from unexpected reversals. Happy Trading! 🚀📈
NSE:GODFRYPHLPEducation
by TraderRahulPal
3
VEDL VEDANTA LTD is a potential short candidateBearish Signs Supporting a Short Trade: Multiple Tests of Support: The stock is testing a key horizontal support level (around 410-415) multiple times, as indicated by the blue arrows. A decisive break below this level with increased volume would confirm a shorting opportunity. Moving Averages Bearish Cross: The stock is trading below key moving averages (red, green, and purple lines), indicating weakness. The shorter-term moving averages (e.g., 50-day and 150-day) appear to be sloping downward Failure of Past Rally Attempts: There have been multiple failed attempts to bounce back, which suggests distribution rather than accumulation. stocks will struggle to rally above key resistance levels (e.g., moving averages). High-Volume Breakdown Potential: Volume spikes on red candles indicate institutional selling, which is a key characteristic of a stock ready to decline. Risk Factors to Watch Before Shorting : Support Not Broken Yet: The stock is still holding support. waiting for a confirmed breakdown (ideally on high volume) before initiating a short position. If the stock bounces again, shorting prematurely could lead to a short squeeze. Market Conditions: In my advise shorting in weak overall market conditions. If the general market is bullish, shorting individual stocks carries higher risk. Bearish Pattern Confirmation: If a clear topping pattern, such as a head and shoulders breakdown, forms with a strong move below support, the short setup will be more reliable.
NSE:VEDLShort
by ashishsaksena609
Dow Jones Date : 16.02.2025 Dow Jones Timeframe : Day chart Remarks : 1 Formed Double top at recent trend 2 Formed Pennant pattern with support of 20 EMA at base of the flag 3 Had a Breakout from symmetrical Triangle pattern during Impulsive wave 4 Right now at 3-3-5 Flat Corrective Wave 5 As a rule, in Flat 3-3-5 Corrective Wave, if Wave B is equals Wave A forming double top kind of structure then projection of C will be below starting of Wave A as 5-3-5-3-5 Wave formation 6 Keep a close eye on breakdown of Pennant pattern below 20 EMA , Wave C will initiate Regards, Ankur
TVC:DJIShort
by AnkurSingh
Gold double top under pressure as expected 📊Gold fell sharply during the US trading session on Friday, and a typical double top structure was formed on the technical side. One of the reasons for this decline is that the progress of the negotiations between the United States and Ukraine has promoted the easing of the situation between Russia and Ukraine, which has led to a decrease in the safe-haven demand for gold, and the price of gold has subsequently fallen sharply. 📊An obvious double top pattern has appeared on the 4-hour chart of gold, and it has failed to break through the historical high, showing the weakness of the upward momentum of the price. Subsequently, the price of gold has fallen continuously, suggesting that gold may have peaked in the short term. 🔴Gold has currently fallen below the short-term moving average support and has formed a clear pressure range above. In the short term, the pressure level of gold is mainly concentrated at 2897 and 2900. 🟢In terms of support, pay attention to the low point of 2864. If the gold price falls below this support level, further downward space may open up. The further support range below is 2834. ✅In the short term, when gold rebounds to around 2890, it is recommended to go short. The target price first looks at the low point of 2864. If the gold price continues to break below 2864, it may further pull back 30 points, and the next support level is 2834. ✅If the gold price falls below the 2864 area and there is no obvious fundamental support for the bulls, the bearish trend may continue, so a stop loss should be set to avoid blindly chasing more.
OANDA:XAUUSD
by GoldMasterTraderX
NIFTY: A WORST CASE SCENERIOWe are witnessing a continuous decline in Nifty over the past few months, and traders are questioning whether this is the final down zone or Nifty may retrace further. Analysts are speculating about support levels at 22,800 or 22,600. Now, let's understand what is happening. Companies' results are out, and the figures are disappointing, resulting in low EPS. Due to the low EPS, P/E is declining. We all know share price = P/E x EPS. Stocks are unable to maintain gains because traders are selling on the rise (profit booking). This will result in a consolidation phase after February because there will be no rise to sell, so people will hold their stocks and wait for the next quarter's results Assuming March results, we do not expect a significant positive turn due to global trade conditions (but may be better than December), which could again lead to depression sale, or exit among traders. The conclusion is that price-to-earn ratios may fall to their lowest levels in the coming period, so do not average your stocks now. Wait for a few more months to average because the market is not expected to rise from here, as we see no reason for a big rally.
NSE:NIFTY
by delkr2024
Bombay Burmah Trading Corp - Head & Shoulder Pattern & Retest!!Bombay Burmah had given breakout of Head & Shoulder pattern and now has entered retest zone on a monthly time frame. It is looking good and can move towards our targets as mentioned in the chart. Other factors: 1. Monthly Time frame set-up : Head & Shoulder Patter breakout and retest on a larger time frame is much stronger set-up. On a smaller time frame it can come down till support level given market conditions. 2. Stock price is taking EMA 20 as a support on MTF 3. Holds 50% in one of the largest FMCG Co. Britannia - FMCG sector should revive and should give tailwinds to this stock. 4. Hold many dimensional business and EPS is increasing on a YoY basis Keep this stock in your radar!! Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right Price !! Cheers!!!
NSE:BBTCLong
by Cleaneasycharts
2
Nifty’s Eight-Day Slump: Is a Reversal Brewing at 22,800?● Last week proved to be a challenging period for the Nifty, as the index experienced a sharp decline of over 2.5%, extending its losing streak to eight consecutive trading sessions. ● A key support level to watch is at 22,800, which could act as a crucial floor for the index. ● This level gains further significance as Open Interest (OI) data reveals a substantial buildup of put writers at the 22,800 strike price, reinforcing the potential support zone. ● Market participants will closely monitor whether the index manages to hold above this level or breaches it in the coming sessions. ● Adding to the intrigue, a bullish RSI divergence has emerged, hinting at the possibility of a trend reversal in the near term.
NSE:NIFTY
by GoodluckCapital