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Economic Recession Weighs on EUR/USDHello everyone, Alisa is back! Today, let’s analyze the EUR/USD currency pair. EUR/USD has fallen below 1.0800 due to concerns over an economic recession in the Eurozone and the ECB's continued rate cuts. Inflation decreasing faster than expected has driven these decisions, reducing the Euro’s appeal. On the 4-hour chart, EUR/USD is showing a clear downtrend. The 1.080 resistance level has become a significant barrier, repeatedly pushing the price back. Even with recovery attempts, the pair is quickly pulled down by the previous support level, which has now turned into a new resistance. Investors should exercise caution with the EUR/USD pair during this period. The ECB's rate cuts and the gloomy economic outlook for the Eurozone may trigger unexpected volatility in the market.
by Alisa_Rokosz
Micrcap that is actually having the potential of a midcapRain Industries NSE:RAIN has many verticals The major are the foreign Carbon business, which recently entered into a JV with Northern Graphite for advanced materials. Now, there is the local business that is CPC. Then you have a cement business with 2 plants in various locations across AP and TG. They sell it across Kerala, TN, AP, Karnataka and TG. The issue with this company has traditionally been Debt to Equity ratio and the long term borrowings. Once that global business starts and the local cement action is just getting started as I see it. The future in the next 3 years looks fantastic. Target: ₹400+ Time frame: 2-3 years
NSE:RAINLong
by liondewarangal
Adani Port Trading Crucial Support Level: Potential OpportunityAdani Port Trading at a Crucial Support Level: A Potential Bounce-Back Opportunity Adani Port's stock has recently reached a significant support level as indicated by the hourly chart. In technical analysis, a support level is a price point where a stock tends to find buying interest as it dips, making it more likely to bounce back upwards. This level serves as a kind of "floor," preventing the stock from falling further unless there's a strong bearish sentiment or market sell-off. Why This is a Good Buying Opportunity: Support Levels as Reversal Points: When a stock hits a support level, it often experiences a surge in buying interest, which can lead to a reversal from the downward trend. If Adani Port shows signs of stabilization at this level and forms a bullish pattern (like a hammer candlestick or bullish engulfing), it indicates that buyers are stepping in, potentially leading to a rally. Market Risk and Timing: As with any investment, market risk remains a factor. However, buying at support levels can offer a favorable risk-reward ratio. Setting a stop-loss below the support ensures that losses are minimized if the stock does break below the support. Profit Potential: If the overall market sentiment turns positive or if there is sector-specific news that boosts the shipping and port industry, Adani Port could see a strong upward momentum. The script could become a profit-making opportunity for investors who capitalize on the bounce from the support level. Market Conditions Matter: The movement of Adani Port from the current support level is subject to broader market trends. If the market experiences a reversal and turns bullish, it could act as a tailwind for the stock, driving a rally. Therefore, monitoring the broader market's direction and trading volume is essential for validation.
NSE:ADANIPORTSLong
by sandeshKeni
HINDALCO | TRIANGLE BREAKOUT!Points to consider before entering trade. ---------------------------------------------------------------- 1. A symmetrical triangle consolidation inside of an uptrend. 2. A HH, HL Breakout with volume out of the triangle. 3. Such breakouts with Higher High Higher Low have a lower chance of being a fakeout 3. Targets will be of the pattern height measured from the breakout point. ---------------------------------------------------------------- Entry CMP, Exit 807, SL 721, RR 1.7 ---------------------------------------------------------------- Disclaimer: please do your own analysis before entering positions. This idea is only a suggestion and not a recommendation
NSE:HINDALCOLong
by Divergent_trader
Will this level be a probable SC!!!Given the recent market structure, the Nifty 50 is experiencing significant selling pressure as it hovers around critical support levels. The most likely level for a selling climax could occur around the 24,500–24,400 range, which represents a key support zone. This level has historically acted as a psychological and technical floor, and if breached, it could signal a sharper downside correction. The market is already showing bearish tendencies, and a failure to hold at 24,667 (the immediate support) could intensify the selling, pushing the index lower. A selling climax is often characterized by high trading volumes and sharp price drops, suggesting panic selling. In this scenario, if the market reaches the 24,400 zone with these conditions, it could trigger a capitulation event, which may mark the end of the downtrend and set the stage for a potential recovery. In summary, the most probable area for a selling climax would be between 24,400 and 24,500, contingent on the break of existing support levels and continued weak market sentiment. Traders are advised to watch these levels closely, as the market may show signs of reversal after this potential climax.
NSE:NIFTYLong
by IAmLoki
Tight Range Breakout | MFSLFor Education Purpose only!!!! **MFSL stock is already up by 3%, but it’s holding up well in this falling market. I'm charting this stock just for my own perspective and clarity, though I may not be 100% accurate.** FIIs are playing their old trick: 1️⃣ Push prices down 📉 2️⃣ Buy cheap stocks 💰 3️⃣ Wait for rate cuts 📊 4️⃣ Profit big in the next bull run! 🚀 Retail investors, don’t fall for the fear! ✅Stay invested—smart money knows a bull run is coming! News has circulated about the index predicting a target of 24,000 for Nifty and 50,500 for Bank Nifty. The price has already been quoted in the reports. ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡FNO Stocks Trading📉📈📊 ✅Check out my TradingView profile to see how we analyze charts and execute trades. 💡✍️Applied Tools:- ✅Strong Chart Pattern Breakout ✅Channel Pattern ✅Range Breakout ✅Resistance becomes support 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
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NSE:MFSL
by ReviveTraders
2
BankNifty Study for October 23rdToday, the banknifty is very volatile. 500 points up and down was noticed in today's opening session as on 23rd Oct. 2024. It is forming big bars and the support here is strong at 51100. A technical recovery can be played above 51500 if a 15mins candle sustains above it. If it breaks 51050 decisively with a red marubozu, this may go down for intraday. This is weekly expiry view.Watch the GANN levels, purple lines for more clarity.
NSE:BANKNIFTY
by abhijitgujarathi15
HDFC Bank: Ready for Liftoff or Just a Little Too Caffeinated? 🚀 HDFCBank : Ready for Liftoff or Just a Little Too Caffeinated? ☕️ HDFC Bank is currently chilling at 1,738, but don't be fooled by its calm demeanor. It’s like that one friend who says, “I’ll just have one coffee” and then ends up bouncing off the walls. In this case, HDFC is eyeing some pretty ambitious levels — 1,957 and, if the caffeine really kicks in, maybe even 2,257! 😲 Now, before you start ordering party hats for the 2,000+ celebration, let's keep our feet (and stop-losses) on the ground. HDFC might look like it’s ready for a moonshot, but it could just as easily decide to hit the snooze button and take a detour back to reality. 🌙🛌 But hey, for those brave enough to hold on for the ride, keep your seatbelts fastened and your espresso shots ready — this could be a wild one. 🚀 If HDFC can hit 1,957, I’ll personally send a "thank you" note to my broker. And if it hits 2,257, I might even upgrade from instant coffee to the fancy stuff. After all, we deserve a treat for believing in this banking giant’s caffeine-fueled ambitions! ☕💸 Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:HDFCBANKLong
by DhirajSinghBais
2
CRUDEOIL Breakout Incoming? Crude Oil Update (4-Hour Timeframe) Chart Analysis 🛢 Current Price: 6943 📈 Phase 1: If Crude Oil sustains above 5928, potential targets are: Target 1: 6090 Target 2: 6300 Target 3: 6500 Stop-Loss: 5780 📊 Pattern Formation: Rising wedge, signaling a potential upside breakout. Watch closely for confirmation! ⚠️ Risk Management: Don't forget to set your stop-loss to protect against unexpected volatility. 📉 Disclaimer: This is technical analysis, not financial advice. Past performance doesn’t guarantee future results. Trade wisely! ❤️ If this post helps you, don't forget to like! #CrudeOil #ChartAnalysis #TechnicalAnalysis #OilMarket #Trading
MCX:CRUDEOIL1!Long
by Shalvisharma5
1
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
Nifty Intraday Levels | 23-OCT-2024This trading strategy focuses on scalping Nifty options based on institutional support and resistance zones and executing trades using order flow data. Here's a quick summary of the key points: 1️⃣ Zones to Focus on: 👉Green Zone: Represents institutional support. 👉Red Zone: Indicates institutional resistance. 👉Gap Between Zones: Typically ranges from 100-200 points. 👉Zone Creation: Uses pivot points and Fibonacci levels. 👉Price Action: An advanced version for refined entries and exits. 👉Chart Reference: Trades are executed based on the Nifty futures chart. 2️⃣ Trade Execution: 👉Order Flow Data: Trades are triggered by tracking the market's order flow. 👉Timeframes: Focus on the 1-minute and 5-minute charts for quick scalps. 👉Risk-Reward Ratio: Strict 1:2 (Risk 1 to gain 2). 👉Strike Price: Target at-the-money (ATM) or slightly in-the-money (ITM) options. 👉Position Sizing: Customize based on personal risk tolerance. 3️⃣ House Rules: 👉Sharp Execution: Be ready at 9:15 AM for market open. 👉Risk Management: Always a priority. 👉Quick Trades: Fast execution "morning breakfast". 👉Strict Stop-Loss: Set at 10 points to limit losses. This method is well-structured for traders who prioritize risk management and quick scalping opportunities in the Nifty market. #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback!
NSE:NIFTY1!
by ReviveTraders