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Accumulate - Coal India at 400Details: Asset: Coal India Limited (COALINDIA) Current Level: Near 52-week low at 400 Support Zone: Around 400 Potential Target: 540 Stop Loss: Below 400 or as per risk tolerance Timeframe: Medium to long-term Rationale: Coal India has witnessed a head & shoulder breakdown, pulling the stock to its 52-week low near 400. However, this zone appears to be a strong support level, providing an attractive accumulation opportunity for long-term investors. If the stock reverses from here, it could target 540 in the coming months. Market Analysis: Technical Setup: The 400 level has historically acted as a strong support zone, and a rebound from this level could signal the start of a recovery. Fundamental Perspective: As a key player in the coal and energy sector, Coal India remains fundamentally strong amidst rising power demand and infrastructure needs. Sentiment: The oversold condition at this support may attract buying interest, leading to a reversal. Price Target: Medium-term: 540 Risk Management: Set a stop loss slightly below 400 to minimize downside risk if support breaks. Timeframe: A move toward 540 is expected in the medium to long-term, depending on market sentiment and sectoral developments. Risk-Reward Ratio: Favorable setup for accumulation, with a defined support level at 400 and significant upside potential toward 540. Investors are advised to monitor price action near the 400 level, along with volume and broader market cues, to confirm the reversal before accumulating further.
NSE:COALINDIALong
by CyborgTradingHub
Gold started the week in almost Flat day After a relatively flat day yesterday, the price is still holding above last week's close of 2648 on higher time frame, and waiting for FOMC day, this kind of flat movement after good decline generally turn into consolidation for short period as everyone want to see the data first. Given the current position above last week's close, immediate support could be found around the 2648-50 area. If this level holds, it could provide a foundation for any potential bullish moves. breakdown from this zone can resume the decline towards weekly S1 2608 -2600 area or low. As discussed in previous posts I am still without any entry and waiting for buying confirmation after or during the FOMC day ..Till then it's a waiting and watching scenario.
OANDA:XAUUSD
by TheGoldenCircle
Gold in FOMC weekGold now under sideways area as marked on chart and for this week price opened under weekly pivot (2667) ; we have seen two days of good decline in last week closing. Personally I want to see more corrections towards 2610 and then 2530 area for potentials bottom for December , breakdown from 2530 on daily / weekly can open room for decline. In case of bullish scenario after FOMC price need to re claim 2790 and then we can expect bullish continuation towards 3000. As during year end markets can be a wild ride , and for this week we have high impact data releases and risk are very high , focus on risk management and try to trade on double sure entry ; I am also waiting for swing opportunity from last week and expecting that we can find this swing by this weekend.
OANDA:XAUUSD
by TheGoldenCircle
GOLD TRADING POINT UPDATE CPI ? > READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding Short Trade But today high News 🗞️ Of CPI USD Fundamental Analysis update 160.684. running Now Trading point DXY recover up trand 108:000. Gold already take if breakout short trend 📉📈 2703 Teach. Short recover quickly 2674 pullback up trend 📈 Next target we'll see 2722 That Fvg level. I think 💬 buyers will take care that level Breck out Next easy to see 🙈 2789 wait for CPI USD deita ? Focus analysis break and support level 💫 Now small target 2722 Fvg level back Short 2672 If breakout 2650 level analysis target 🎯 2536 Resistance level 2722+2789 Support level 2674 -2668 2613 Support 💫My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎯
OANDA:XAUUSDLong
by SMC-Trading-Point
Gold taking a breakAfter PPI data gold is taking break and we have seen a good correction from the buy move : In previous posts I was expecting more strength before a pullback, but gold price faced big resistance at 2715-21 zone. Now if we draw the fib levels for this current correction that started form yesterday the zone 2700-06 is resistance area for bulls and bull need to claim this zone first to see higher levels and under this we can expect more decline. In lower side the previous day close (2680) is the level that we have to watch on Intra day. If price close H1 or H4 under this level then we can expect more decline in lower side. The first support is PDL (2675) and next support as per Fib is 2669 (50%) and 2656 (60% retracement Level). For Intra day we can watch these levels and can plan our trade accordingly and for Swing we have to wait for confirmation of possible low on weekly close (Or most probably in mid of next week).
OANDA:XAUUSDShort
by TheGoldenCircle
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.
OANDA:XAUUSDLong
by TheGoldenCircle
1
Gold breakout from the ConsolidationGold price breakout from consolidation and now trying to move higher ,for the correction phase (2721 to 2606) price now successfully claimed the 50% pullback as per Fibonacci (2663) and now trading above this level , next major Fibonacci level is 60% pullback which is at 2677, if price claim this level on Higher TF (daily or H4) then price can extend this bullish rally towards psychological resistance at 2700, above 2700 we have the swing high at 2721 , so to reverse and to confirm the low in December bulls need to claim this level on HTF. For Intra day we can use these levels for buying or selling as plotted on chart , and for swing we have to wait for confirmation of cycle low or have to wait for breakout from 2715-21 , till then it's better to wait and watch for suitable entry. Personally I am without any entry as of now, will update you my position once I get confirmation as per current PA.
OANDA:XAUUSDLong
by TheGoldenCircle
Lloyds metals & energy getting ready - Commodity energy themeLloyds metals & energy has stellar fundamentals of more than 50% ROE over last 1,3,5,10Y and excellent double digits sales & profit growth as well. Double digit ROCE, high operating cash flow with improved and sustained profit margins since 2022. Power generation is a theme that's in progress and lloyds is part of this energy theme. Volume isn't shown. Price breakout not happened yet but RSI broke out. Price would follow. Today gapup opening of 20 rupees visible in 15 min chart has also been filled.
NSE:LLOYDSMELong
by naraykln