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Chart Patterns

Gold (XAU/USD) !! Bears are Getting Ready.How's the Josh traders?? So Gold, Many of them are Bullish and the shorter time frame charts are showing a bullish stance. BUT !! My Analysis Seems Different. On the chart in Daily time frame we can clearly se Price is taking resistance near 0.618% & 0.786% of Fibonacci levels, May be I am Wrong.... but i am considering it as Impulse wave 3(Elliot Wave theory) so if i am right then wave 5 is also pending and price may move further more downwards. AS PER MY ANALYSIS, I AM INITIATING SHORT POSITION. SHORT GOLD SL : HIGH OF FIBONACCI RETRACEMENT OF 0.786% TARGET : 2366/2109 NOTE : THIS IS FOR EDUCATIONAL PURPOSE PLEASE REFER TO YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE. HAVE A GOOD DAY TRADERS.
CAPITALCOM:GOLDShort
by Trading_Bulls0000
NIFTY - Dont Short yet - Wait for extreme ends for good RRShorter TF, Nifty has one more leg on the upside to complete. For the expiry today (5th Dec), it could play/consolidate within the Triangle to complete the (iv)th and might move up from tomorrow onwards. Always try to take trades at extreme ends to make sure that your risk is very limited.. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:NIFTY
by Murthy_Santhosh
4
NIFTY 04-12-2024 - WEDNESDAYPossible explanation to Nifty Movements today ( The zigzag pattern) pre open market was more like a hanging man where HDFC bank reliance industries, TCS were positive but ICICI Bank, infosys and other top IT where downward to flat. Hence, it was expected to be a flat market. Opening was strong with back to back green candles but it could not break the standard deviation path for a long time hence it was expected to fall since its just opposite of what happened yesterday. Resistance and support were both super strong which explains whever it touches extension of Resistance it falls back similarly when it touches extension of support it tends to pull back and return to mean position which is blue line. All together for now market is positive and we expect people to stay a little deep in the money with small stop losses and re-entry.
NSE:NIFTYLong
by ajayekka002
Triangle Pattern | CDSL⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ FOR EDUCATION PURPOSE ONLY!!!Its just a chart pattern that i am showing to you and lets check where it goes and how it works for future reference ✅Latest CDSL News (November 2024): ▶️issuing bonus shares in a board meeting on July 2, 2024. ▶️Up 79.55% YoY, currently trading near ₹1,617. ▶️Managing over 10.4 crore demat accounts, boosted by retail investor growth. ✅Technical Analysis 📍Strong bullish momentum; trading near 52-week high 📍Support ₹1,550 📍Resistance ₹1,680. 📍RSI Overbought zone, signaling strength. 📍MACD Bullish crossover, indicating upward momentum. 📍Volume High trading volumes confirm price movements. 🎯Positive trend backed by financial strength but watch for market volatility. 💡✍️Applied Tools:- ✅Strong Chart Pattern ✅Channel Pattern ✅Strong Demand Zone ✅100 Day EMA ✅Fundamental Analysis 👉CDSL is one of two Indian depositories, earning from demat accounts, transactions, IPOs, and annual issuer charges. 👉High Net Profit Margins and Return on Equity. 👉Robust financial health. 👉Compare P/E and P/B ratios with peers; consistent dividend payer. 👉Market dependency, competition (NSDL), and regulatory changes. 👉Long-term growth supported by India’s growing financial market and digital adoption. 💡Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️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. 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback!
NSE:CDSL
by ReviveTraders
Double Rounding Bottom | HDFC BANK1️⃣ News on HDFC Bank 📍IPO Launch: ₹12,500 crore IPO for its subsidiary, HDB Financial Services 📍Profit Growth: 5.3% increase in net profit for the last quarter 📍Stock Surge: HDFC Bank shares have risen nearly 20% in three months 📍Market Position: High market cap and favorable investor sentiment 2️⃣Technical Analysis ⭕️Support around ₹1,500; important for maintaining upward momentum. ⭕️Breakout above ₹1,700 for potential buy signals. ⭕️Moving averages indicate bullish momentum. ⭕️Overbought territory suggests potential short-term corrections. ⚠️Conclusion Strong fundamentals, including solid revenue growth The merger with HDFC Ltd. enhances its market presence, but it faces some margin pressures. Overall, it’s a good time to buy HDFC Bank stocks for long-term stability and growth, while keeping an eye on potential short-term volatility. ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️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 !
NSE:HDFCBANK
by ReviveTraders
IDEA: What is your idea sirji?As we all know and seen about the rise and fall of Idea stock due to AGR Dues and all other reason. Let me know your opinion about should we again hop back on idea for next set of rally or idea is going to lose all its gloery this time. IMO we have to wait till we can see a close above 12 rs on monthly time frame. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
NSE:IDEA
by KelvinBhavsar
BitCoin: A new Move about to start.BitCoin has been consolidated for the last 6-8 months in a channel shown in the graph. As per prediction it is about to break that range and will move towards new and higher highs. As per the chart and pattern structure in this current move it can go up to 100K easily and more above levels will be unlocked after that SL must be 56k. Targets 100k - 120k Time range 8-10 months it does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Long
by KelvinBhavsar
Tata Communication | Breakouts or Fakeouts ? ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder Chart Pattern Bull Breakout ✅Breakout confirmed ✅Rise in Volume ✅Good 3 touches Trendline Breakout with volume ✅Clear uptrend with HH & HLs sequence ✅ Order block as potential Supports ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️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 !
NSE:TATACOMM
by ReviveTraders