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Gold (XAUUSD) sits at an interesting junctureThe interesting thing about the markets is that investors tend to shoot first and ask questions later. With Gold, it tends to lead this very basis. If you look at Gold and the S&P500 chart, you can see that equities reacted a bit later than gold. I think since late December, the markets were "expecting" something bad to happen. First it was the inverted yield curve, then the peak of china trade war and finally, the virus outbreak gave investors a reason to sell. Gold is at an interesting juncture at this point in time. Here’s the context. Let’s start with the monthly chart and work on the assumption that gold is in a very long term uptrend . The rally from 2006 March lows of 544 to September 11 highs of 1921 saw a gradual descent. With the Fibs, it is interesting to see how gold reversed bang near the 61.8% retracement level. There was a bit of resistance at the 38.2% Fib level. After struggling to break this since 2014, it finally happened in June 2019. The result was a powerful move to where prices are today. The level of 1680 is marked in green because it is the measured move off the ascending triangle that formed at the resistance level of 1360. A quick look at the Stochastics and you can see the very long term hidden bearish divergence. Now divergences are tricky, at best one can see price behaviour to the divergence only in hindsight. So what is the monthly chart telling us? That perhaps the rally is overdone. I’ve also plotted some median lines along the way. Watch how price reacted when it failed to reach the median or one of the outer channel lines. For the moment, the best bet is for price to continue to break above 1680 and rally towards 1800. But notice that no proper floor has formed between 1360 and the current price. Could we expect a price failure at the current median line? Switching to the daily chart, the ascending wedge is in play. The thick lines of 1550 and 1450 (rounded) are the key support levels (which should be of interest) The fib levels on the daily chart is the minimum measured move following the bullish flag formation (in blue). So there is scope for gold to break past 1680 and maybe hit 1720. Divergences are also showing up strongly and multiple times here. As such, the 1720 - 1700 level will be interesting to watch. I won’t advise what one should do here. But it looks like we are nearing the end of this prolonged rally since August 2018. Lastly, seasonality also adds to the downside bias. Safe havens like JPY and gold tend to rise into the Feb/March months before gradually descending lower. Finally, it would be an additional validation if the “sell area” between 1720 - 1700 coincides with some fundamental news. The next two weeks should be interesting as far as gold is concerned, within the larger context. So in conclusion, 1680 - 1720 is a level worth keeping an eye on for 1550 - 1450 region.
OANDA:XAUUSDShort
by justatrader
Nifty - The Culmination Point -Part 2Disclaimer All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Trading Strategy Plan A Holding above 11890 – 11910 zone – Expect upside short term push to 11950-11980. Plan B Sell in 11950-11980 ( No Trades if crosses above 12000 mark) for target 11900 / 11840-11850 / 11690-11715 Plan C Sell only below 11690-11715 for 11490-11510 zone Plan D Sell below 11490 for 11080-11100 & Below 11080 for 10750-10800 zone
NSE:NIFTYShort
by WaveTalks
147
India Nifty -Bull Traffic -Can it be a Grinding Halt ! at 11715Disclaimer All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. -------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Plan A Bullish Harmonic Bat Pattern - Buy Above 11575 for 11630-11640 & Above 11640 for 11665-11675 Plan B Sell close to the tops between 11665-11680 with strict stops above 11695-11700 - Downside Target - 11550-11575 / Below 11530-11550 ( It should hold below 11530) for 11445-11465 target zone & lower 11080-11100 zone next below 11400 Plan C Sell gets extended below 11550 for targets mentioned in "Plan-B" above Plan D Buy above 11715 if crosses 11695 as bullish criteria else be careful. Thanks for watching the video & support.
NSE:NIFTY
by WaveTalks
73
Muthoot | Bounced off Trendline support - Similar to ManappuramMuthoot Finance exhibit a very similar price action to Manappuram. It should be natural considering the magnitude of similarity in their business models. Like Manappuram, Muthoot has bounced off a trendline support, where we could also see a demand area i.e. around 600, which also happens to be a round number. With their nature of business involving gold and the yellow metal gaining strength every week, it should be good news for the company with improving loan to value. Stock appears bullish and we expect the stock to hit 650 sooner or later. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:MUTHOOTFINLong
by AkhilSuryaFS
Nifty - Budget 2019 -H & S-Pattern Failure at 11625 What is a trendline A trendline is a straight line that connects two or more price points. Extending this line into the future, it also acts as a line of support or resistance. There are two types of trendlines—the up trend and the down trend. Trendline Rule The general rule in technical analysis is that it takes two points to draw a trend line and the third point confirms the validity. Trendline can be a neckline / support line as explained in the Head & Shoulder pattern in current scenario. Trading Strategy Plan A Sell below 11930 with strict stops above 11975 for targets 11875-11890 Below 11875 – 11830-11845 Plan B Buy in the zone 11830-11845 with strict stops below 11800 for targets 11950-11975 Above 11975 – 12000-12050 Above 12050 – 12100-12125 Plan C Sell below 11775 with strict stops above 11815 for targets 11700-11625/11650 Below 11625 – 11500/11525 --------------------------------------------------------------------------------------------------------------------------------------------- Previous Ideas --------------------------------------------------------------------------------------------------------------------------------------------- 29th April 2019 - How will you sell - X-wave mission 15th May 2019 - We got Gartley M 11th June 2019 - Head & Shoulder with Right Shoulder at 12000
NSE:NIFTYEducation
by WaveTalks
39
COLPAL - Short on PullbackEverything is mentioned on chart "Idea by MALKIAT SINGH" If you have any queries regarding above idea or any other stock feel free to D'M Recently,We launched TruStox Community , A community driven platform for Traders with almost all features that a trader needs. Here are some of them:- Regular Study Conferences Collective Fundamental Research Access to Tools from Trader's Toolkit & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NSE:COLPALShort
by TruStox
Bearish Flag Breakout - Continuation Pattern - Risk Reward 1: 3Sell Pidilitind below 1101.85 Stop 1127.50 Target 1025 Risk 2.33% & Reward 7% Riks Reward Ratio 1: 3 Bear flags are favored among technical traders because they almost always lead to large and predictable price moves. Like all continuation patterns, bear flags represent little more than a brief lull in a larger move lower. Indeed, in many cases, the flag pattern will actually take shape in the middle of the ultimate move lower.
NSE:PIDILITINDShort
by Equity-Earningz
Auropharma - Price is Immortal - 675Hello All, Price is Immortal Reason for picking the shlok from BG 2.20 was to make you understand that soul(price) is the ultimate reality as "Bodies have limited journey whereas Soul has endless journey" Sharing an important piece from my future assignment based on my favourite stock - Auropharma. Do check the profile page (search box) & connect yourself with all ideas which have been published since 2016 for this stock – Auropharma. 26th Oct 2018 Turning upside above 720 highs after making lows@708.50 10th Sep 2018 Selling at the top@815 - Magic of Harmonic Pattern- Wave Starts at 828 Highs
NSE:AUROPHARMAShort
by WaveTalks
9
AJANTA PHARMA LTD : DOUBLE BOTTOM1. ENTRY : Closing Above 1126.70 ( Closing above the Neckline ) 2. Minimum Price Target : 1350 ( Adding the difference between highest high made and lowest low during the formation to The Neckline ) 3. Stop loss : 900 (Usually, price closing below the second bottom is a stop-loss.) Only Problem While treading Double Bottom is it's having a 1:1 Risk Reward Ratio, When Minimum Price Target reached. So apply your money management wisely. For Example : If you wanna Risk 5000 as a Maximum loss then Trade, Risk Amount / Stop loss Points = Quantity to be traded. 5000 Risk Amount / 226 Stop loss in Rs. = 22 Shares to be traded to Earn apx 5000 as Profit. Statistics says that 70% of Double meets predicted price targets. Assuming 10 trades. 7 wins = 7*5000 = 35000 3 loss = 3*(5000)=(-15000) Net Profit After every 10 calls will be 20000. As said earlier because Double Bottom Reversal Pattern having a 1:1 Risk to Reward ratio Need to Pick trades carefully. Always Keep your Risk Profile low When you have RR less then 1:2.
NSE:AJANTPHARMLong
by Equity-Earningz
1
India Nifty - Crack & Crab -250 Points Down & PlusHello Readers, Crack from 11760 Highs Excited to have the crack & the fall which was amazing in major indices Nifty & Bank Nifty -. Nifty Cracked 250 + points making close by low of 11400 mark & Bank Nifty 1000+ points. Crab- Pushed to 11600 Highs Bullish Crab Pushed pushed Nifty to 11600 Highs in last trading day of the week. What Next? The move from 11400 to 11600 -looks extremely choppy & hard to digest as crabs can't be digested easily on a lighter note. Trading Strategy Look to sell in 11610-11625 zone for downside target of 11485-11500 & Below 11450 for 11400+ more on downside also careful once starts trading below 11450 - it should not stay or move above 11450 otherwise 2nd selling should be deleted. Target 1- 11485-11500 Target 2- 11385-11400- No selling if it stays above 11450 levels Note - No selling above 11625 levels Last Published Idea- Revisiting Monthly Wave Count - click the idea Shall be happy to have your comments Happy Trading
NSE:NIFTYShort
by WaveTalks
Auropharma - Game of Bottoms / Tops – Don't forget 61505:25 Hrs 12th Aug 2018 Last Price@608.50 Auropharma playing the game of double bottoms -565 & double tops-636 - He is the master player and fortunate to have such a friend. In the last update - Auropharma - WC 2018-Goal Keeper Hugo Lloris's Ruin Point- 595 17th July 2018 Trading Strategy Scenario 1 How can you forget 615 - If Auro holds +/- 2-3 points upside or below 615 key level - we will look to sell for downside targets Target 1 -605 Target 2 -599-600 Target 3 -595 Target 4 -Below 595 -look for 587-589 Scenario 2 Edwards & Magee Trendline - Bible Book of Technical Analysis -Technical Analysis of Stock Trends mentioned 2 points to draw the trendline ( 527 - 565) & third point to confirm the trendline ( 588) - Can this 3rd point fall on the trendline & hold auro - let us wait & watch Holding in the zone 587-589 - Can bounce to 615 & Above 615 to 625 & Above 625 to 636 17th July 2018 Started from 565 – came back to 565 – moved in most choppiest way it could have –after all that is the reality of financial markets –no price structure moves in linear fashion & hence trading becomes difficult & challenging at times but if you keep it simple –it will say “ooh la la” to you. Let the game begin! 565 -565 - Its double bottom - 19th July 2018 Bouncing hard from 565 to 585 - 20th July 2018 Kissing 600 - Important level - 25th July 2018 What a fall -600 to 577 - 26th July 2018 Story goes on...... Reached Double Top - 635-636 -6th Aug 2018 Previous Idea - Catch Bearish Butterfly Carefully 635-636 Previous Idea - How can you forget 615 Would love to hear your comments - Thanks for reading
NSE:AUROPHARMAShort
by WaveTalks
11
Bank Nifty - Can Bull Race Start Above 26225 - Feelo!14:25 Hrs - 27th June 2018 Last Price @26375 Feelo or Filo ( First In - Last Out) Filo (First In -Last Out) - tweaked from its originals as FIFO(First In-First Out) & LIFO (Last In - Last Out) accounting principles- most of us are aware of this concept. * FILO - applicable to Risk Takers As one colleague puts in last update - " Darr ke aage - jeet hai" - "Beyond fear lies victory" - Remember Mountain Dew Ad Important Levels Key Level - 26225 Critical Level - 25980 Last update - BJP calls for Gartley alliance at 26225 ------------------------------------------------------------------------------------------------------------------------------------ Review BN pushed upside to 26800 & back to 26338 -an exciting journey . Falls from zone 26800-26810 which was important zone as mentioned in the last update. 10:25 Hrs - 26th June 2018 Turning upside from 26480 12:35 Hrs - 26th June 2018 Intraday Halt at 26710 13:35 Hrs 26th June 2018 Bank Nifty Falllllllllls from 26710 to 26545 - Expect a bounce if 26500 holds downside 15:08 Hrs 26th June 2018 Bank Nifty Bounced as expected holding 26500 downside & we exited at 26625 -26650 - Out for the day. ----------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy - What Next? As suggested 26225 -is the key level or Gartley alliance level from last update. Soon we would start bull race if 26225 is intact downside with 25980 as critical support level. If not started soon -likely to start in few days next if 25980 intact downside Risk Takers They can plan their trades keeping in mind key / critical level as mentioned above. Safe Traders If Market joins the bull race above 26400 on sustained basis ( moving above 26400 & holding above 26400) - Why you should be left behind. Join them & Be Happy! Upside target - 26700 - 26800 Above 26820 - Can it be up - up & away I would love to hear your comments about markets & specially about " Darr ke aage Jeet Hai" Plan your trades taking care of risk management which is very important element
NSE:BANKNIFTYLong
by WaveTalks
11