Chart Patterns
AxisBank | Trendline BUll Breakout ⭕️ 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
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Gold Price Today: The Uptrend Is Not Over Yet!At the close of trading on December 11, gold prices continued to maintain the upward momentum from many previous days, however, the momentum was hindered as it faced resistance at $2,716, causing the precious metal to correct back early today with prices fluctuating around $2,710 with a decline of 0.26% on the day.
If this correction continues, gold will soon touch the 0.618 Fibonacci level to consolidate the upward momentum as the EMA 34, 89 has reversed.
On the other hand, all attention is now on PPI data, expected to be released on Thursday to clarify the Fed's interest rate cut roadmap. The prediction is 96% likely that the Fed will cut another 25 basis points at the meeting on December 17 and 18, compared to about 86% before the inflation report was released. If true, gold will continue to rise.
Wish you happy trading and lots of profit. Don't forget to like to support Kevinn!
TIRUPATI FORGEThe Company is ISO 9001:2008 certified engaged in manufacturing of closed die forged products like auto components, bearings, gears, etc, and forged flanges of mild steel, carbon steel, stainless steel, etc. based out at Hadamtala Industrial Estate, Rajkot, Gujarat.
Endeavor is to beome a single point source offering all the facilities under one-roof, across the value chain from Stone, Raw Material Cutting, Induction Heating, Forging, Hydraulic Extrusion, Machining, Drilling, Stamping and Packing at-par with international standards. Co. also has design-development, testing and logistic department.
Company is planning to introduce new Products in Oil and Gas Segment Targeting American Market and has applied for necessary approvals from API (American Petroleum Institute)
User Industries: Automotive, Aerospace, Mining & Construction, Marine, Railway, Power,Oil & Gas
BANKNIFTY: INSTITUTIONAL LEVELS FOR 11/12/2024Overview
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.
Gold claimed 2720 level now time to make a HHAs discussed in last two days posts gold is now claiming the 2715-21 area and reversed the correction phase completely, after CPI gold printed a good bullish candle and the day closed Just under this zone , now a breakout on this zone can push the price towards next resistance area with high volume (area at 2738-55) and can make a pullback from there , on pullback we can plan buy as marked on chart.
2715-20 area is good resistance and we have seen good rejection from this level today in Asian opening session, and breakout from this area can provide opportunity on Intraday Buy scalping , and next level for Intra day sell in scalping is 2738.
I am still watching and waiting for swing opportunity and expecting a swing buy in next week (around Dec. 17 to dec 20) till then scalping on Intra day levels is good.
Gold Trading Strategy for 12th December 2024Gold Trading Strategy
Key Levels:
Buy Above: 2731 (on the high of the candle that closes above 2731 on a one-hour chart)
Sell Below: 2705 (on the low of the candle that closes below 2705 on a one-hour chart)
Support and Resistance:
Support Levels:
First Support: 2705
Second Support: 2680
Resistance Levels:
First Resistance: 2731
Second Resistance: 2755
Strategy Details:
Buy Signal: Enter a buy position above the high of the candle that closes above 2731 on a one-hour time frame.
Sell Signal: Enter a sell position below the low of the candle that closes below 2705 on a one-hour time frame.
Additional Tips:
Monitoring: Keep a close watch on the one-hour chart for clear buy or sell signals.
Risk Management: Always use a stop-loss to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could affect gold prices.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
MAXHEALTH - Breakout on 3rd Attempt?For the last two times, it broke above the wedge and fell down.
looks like it is sustaining at the third attempt.. wait for the breakout above the recent swing high..
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.