Gold resuming the decline As discussed in last week posts and weekly analysis video also, price is resuming the decline cycle and seems like breaking down the rising wedge pattern, On Friday gold price tested the fib 50% level and now moving down , 2650-65 is the main resistance zone now and under this we can look for sell opportunities , today we have extreme narrow CPR which can add a very good one sided move, as I am holding sell trade from last week I am expecting a test near 2600 area first where I am planning to book profit partially from some positions because under 2600 we have weekly S1(2596) where we can expect a short bounce (but I do not want to buy as of now) and I want to hold rest of the sell entries towards 2530.
If bears managed to close the day under 2600 then this can add another confirmation for more decline.
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MANGCHEFERMangalore Chemicals and Fertilizers Ltd
#MANGCHEFER
A fertilizer manufacturing company engaged in manufacturing, purchase and sales of fertilizers.
Key Highlights:
- CMP: ₹166.1
- Consistent high return for last 5 years among Nifty500
- Annual net profit increasing for last 2 years
- Mutual funds increased their stake in last quarter
- Debt is reducing
- Management is confident to increase production of ammonium and urea plant
Merits:
1. Consistent Profitability: Annual net profit has been increasing for the last 2 years, with a consistent high return for the last 5 years among Nifty500.
2. Reducing Debt: The company's debt has been decreasing, indicating a healthy financial position.
3. Increased Mutual Fund Stake: Mutual funds have increased their stake in the company in the last quarter, indicating investor confidence.
4. Improving Operational Efficiency: Debtor days, cash conversion cycle period, and working capital days are decreasing QoQ, indicating improving operational efficiency.
5. Positive Management Outlook:The management is confident to increase production of ammonium and urea plant, which was in shutdown stage during the last quarter.
6. Near 52-Week High: The stock is near its 52-week high, indicating strong investor sentiment and potential for further upside.
Demerits:
1. High Promoter Pledge: The promoter pledge is very high, which could be a concern.
2. Merging with Paradeep Phosphate: The proposed merger with Paradeep Phosphate is still in the air, and the outcome is uncertain.
Conclusion:
Mangalore Chemicals and Fertilizers Ltd has shown consistent profitability, reducing debt, and increasing mutual fund stake. With the stock near its 52-week high, strong investor sentiment, and potential for further upside, it's definitely a stock to watch. If the company can successfully merge with Paradeep Phosphate and increase production, it could lead to a big move in the stock price, provided volume supports it.However, the high promoter pledge and uncertainty around the proposed merger with Paradeep Phosphate are concerns that need to be monitored.
Disclaimer : Post only for educational purpose. This is not a buying/ selling recommendation. Iam not a SEBI registered analyst .Do your own analysis and act accordingly.
3 Yrs Break Out on Monthly Frame with RetracementUTI AMC
Very Strong Fundamentals
Decent Long Term Pick for Investors
Plz Choice ANY 1 of the trading options & STICK to it
LTP 1320
For QUICK Traders
Enter Now with SL @ 1275
Tgts of 1400 & 1440
For Positional Traders
Add on Dips till 1200
SL CLB 1160 & 1100 ( Depending on your risk Appetite )
Targets 1450-1525-1625-1675-1775-1855
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Sebi Reg. RA
Nifty Intraday Analysis for 5th December 2024NSE:NIFTY
Index closed near 24465 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 157.50 Lakh
24800 Strike – 116.87 Lakh
24500 Strike – 107.03 Lakh
Put Writing
24000 Strike – 130.13 Lakh
23800 Strike – 122.09 Lakh
23900 Strike – 84.79 Lakh
Index has resistance near 24550 – 24575 range and if index crosses and sustains above this level then may reach near 24700 - 24750 range.
Index has immediate support near 24350 – 24300 range and if this support is broken then index may tank near 24200 – 24150 range.
BANK NIFTY INTRADAY LEVELS FOR 05/12/2024BUY ABOVE - 53390
SL - 53190
TARGETS - 53700,53930,54150
SELL BELOW - 53190
SL - 53390
TARGETS - 52970,52800,52600
NO TRADE ZONE - 53190 to 53390
Previous Day High - 53390
Previous Day Low - 52800
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 05/12/2024BUY ABOVE - 24500
SL - 24420
TARGETS - 24600,24700,24800
SELL BELOW - 24420
SL - 24500
TARGETS - 24340,24250,24180
NO TRADE ZONE - 24420 to 24500
Previous Day High - 24600
Previous Day Low - 24340
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BACKTEST CHALLENGE WEEK #1
Want to turn your idea into an automated trading system?
Curious about testing the effectiveness of an indicator or any trading system?
Drop a comment below this post, and I’ll help you—for free!
BACKTEST CHALLENGE WEEK #1
I want to challenge myself, so every week I will handle 1–2 requests to code a trading system on TradingView based on ideas contributed by the community. (mostly XAU or BTC)
The system might turn out to be profitable, or it might not meet expectations, but what matters is how I combine indicators, transform indicator combinations into an automated entry and exit system, and analyze the output metrics.
Additionally, my approach will heavily leverage ChatGPT to develop Pine Script solutions tailored for traders without a programming background.
All of this will help traders shorten the process of refining their systems, save time, and achieve greater profits.
👇 What you need to do is provide a detailed description of your request in the comments below. I will pick requests one by one and complete them.
BLUEPRINT to a SUCCESSFUL TRADERIf you want to go from Delhi to Mumbai, there are many stations that come in between. Just like that, a trader has to pass through several stages before achieving success. Knowing which stage you’re in is crucial—it helps you stay on track, avoid frustration, and progress systematically. This Post May Sound Basic, But It’s Extremely Important
Here are the 4 Stages of a Trader and how they define your journey:
---
1. The Excitement Phase
- What It Feels Like:
You’ve discovered trading, and it feels like the gateway to unlimited wealth. Every win feels like a step closer to “quitting your job,” and losses are dismissed as bad luck.
- Reality Check:
This is the honeymoon phase. Without a plan or risk management, you’re trading on emotion, not skill. Big losses often serve as a wake-up call here.
---
2. The Learning Phase
- What It Feels Like:
You’ve realized trading isn’t a game of luck—it’s a skill that requires discipline and study. You dive into books, watch tutorials, and experiment with strategies.
- Challenges:
- Information overload: Which indicator works best?
- Doubt: Am I even cut out for this?
- Outcome:
Progress is slow, but this is where the foundation for mastery is laid.
---
3. The Frustration Phase (THIS STAGE LASTS LONGER THAN ONE CAN IMAGINE)
- What It Feels Like:
You’ve gained knowledge, but your execution isn’t consistent. Every win is wiped out by a bigger loss. Strategy-hopping becomes a vicious cycle.
- Why Most Quit Here:
The emotional toll of inconsistency is heavy. Many traders blame the market, their broker, or even themselves, concluding that trading “isn’t for them.”
- The Breakthrough:
This is a test of resilience. Traders who stick to the process and focus on discipline eventually push through.
---
4. The Mastery Phase
- What It Feels Like:
Trading becomes systematic—a business, not a gamble. You’ve developed an edge, trust your strategy, and prioritize risk management.
- Key Characteristics:
- Discipline: You follow your plan without hesitation.
- Confidence: Losses don’t shake you because you know your edge works over the long term.
- Sustainability: Trading isn’t just profitable—it’s consistent.
- This Is True Success:
You understand the market isn’t a money-making machine; it’s a test of probabilities and discipline.
---
Why Knowing Your Stage Matters
Understanding where you are in this journey is like knowing which station you’ve reached on the Delhi-to-Mumbai train. It helps you prepare for what’s ahead and keeps you focused on reaching the destination.
So, ask yourself: Which stage am I in?
Let us know in the comments, and tag a fellow trader who’s on this journey with you.
TataMotors | Bullish from here ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
✅Check out my TradingView profile to see how we analyze charts and execute trades.
✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action.
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Exideind | All Resistance Trendline 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 Target
✅Check out my TradingView profile to see how we analyze charts and execute trades.
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GODREJCP | Trendline Breakout Expected ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
✅Check out my TradingView profile to see how we analyze charts and execute trades.
✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
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Nifty Intraday Analysis for 4th December 2024NSE:NIFTY
Index closed near 24455 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 132.39 Lakh
24800 Strike – 109.30 Lakh
24500 Strike –88.53 Lakh
Put Writing
24000 Strike – 131.70 Lakh
24100 Strike – 81.20 Lakh
24200 Strike – 73.94 Lakh
Index has resistance near 24500 – 24550 range and if index crosses and sustains above this level then may reach near 24700 - 24750 range.
Index has immediate support near 24300 – 24250 range and if this support is broken then index may tank near 24125 – 24075 range.
BANK NIFTY INTRADAY LEVELS FOR 04/12/2024BUY ABOVE - 52800
SL - 52600
TARGETS - 52970,53140,53290
SELL BELOW - 52600
SL - 52800
TARGETS - 52450,52270,52060
NO TRADE ZONE - 52600 to 52800
Previous Day High - 52800
Previous Day Low - 52270
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 04/12/2024BUY ABOVE - 24500
SL - 24420
TARGETS - 24600,24700,24800
SELL BELOW - 24420
SL - 24500
TARGETS - 24340,24250,24180
NO TRADE ZONE - 24420 to 24500
Previous Day High - 24340
Previous Day Low - 24250
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Option TradingThe four basics of technical analysis are price, volume, time, and sentiment. Price analysis involves studying historical prices to identify trends and patterns. Volume measures the number of shares traded, indicating the strength of a price movement. Time analysis looks at the duration of price trends and cycles.
What are Technical Charts and their types? In Technical Analysis, technical charts are used by professional traders to make an informed decision about the buying and selling of securities. Charts are the graphical representation of a security's price, volume, history and time intervals.
Technical AnalysisTechnical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories.
What exactly are the two types of technical analysis? Chart patterns and technical (statistical) indicators are the two main types of technical analysis. Chart patterns are a subjective type of technical analysis in which technicians use certain patterns to indicate regions of support and resistance on a chart.
Option Database TradingWhen you trade options, you're essentially placing a bet on if a stock will decrease, increase or remain the same in value; how much it will deviate from its current price; and in what time those changes will occur. Based on those parameters, you can choose to enter into a contract to buy or sell a company's stock.
When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
One Breakout Of All Patterns Together | AGI Greenpac LTD⭕️ Price Action Analysis Alert !!!⭕️
⚡️Investing Opportunity💡
FOR EDUCATION PURPOSE ONLY!!!
1️⃣Company Overview
👉Glass containers for industries like food, beverages, pharmaceuticals, and cosmetics.
👉PET bottles and closures as part of its expanded portfolio in plastic packaging.
👉The company caters to both domestic and international markets, exporting to over 23 countries.
👉In recent years, the company has diversified into new business segments, including premium liquor packaging, real estate, and building solutions under its parent company, HSIL.
2️⃣Technical Analysis:-
✅Ascending Triangle Pattern BO
✅Rising Wedge Pattern BO (Yet to Happen)
✅Channel Pattern BO
✅Trendline BO
✅Double Bottom BO
✅ Supporting 100,200 EMA
🎯The current price indicating a sustained uptrend over the long term
🎯Overall technical indicators such as moving averages and oscillators align with a "strong buy" sentiment for the stock, reinforcing the bullish perspective
⚠️Investors should monitor broader market conditions, as technical indicators are one part of the decision-making process. Always consider fundamental analysis and market news before making investment decisions.
✍️28% YoY rise in Q2 FY25 net profit and improved EBITDA margins to 28%, Its stock recently surged 6.54%, reflecting strong investor confidence
✅Check out my TradingView profile to see how we analyze charts and execute trades.
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HBAR/USDT now 855% up From our Entry HBAR/USDT Huge Profit Update 🚀
Big congratulations to everyone who followed Cryptopatel's CRYPTOCAP:HBAR analysis! 🎉
➡️ HBAR/USDT is now up 855% from our entry point!
➡️ Entry: $0.037 - $0.040
✅ Target 1: $0.083
✅ Target 2: $0.170
✅ Target 3: $0.252
✅ Target 4: $0.44 (almost reached!)
Now’s a good time to take 80% profit at this level.
If you started with $1000, it’s now worth $8500.
Let’s keep the momentum going. 🚀
Choose the SMARTEST PATH to SUCCESSDay Trading vs. Swing Trading: Understanding Both Approaches
When it comes to stock market trading, two prominent strategies are widely used: day trading and swing trading. Both offer opportunities for profit but are quite different in terms of time commitment, strategy, and approach to the market. Understanding the basics of each can help a trader determine which method aligns best with their goals, risk tolerance, and lifestyle.
Day Trading
Day trading is a strategy where traders buy and sell stocks within the same trading day, often making multiple trades throughout the day. The goal is to capitalize on small price movements that occur within a single day. Day traders rely heavily on technical analysis, using charts, patterns, and indicators to make quick decisions based on short-term market movements.
Day traders typically close all of their positions before the market closes to avoid overnight risk. This style of trading requires intense focus and constant monitoring of the market to catch opportunities as they arise. Day traders may also use margin trading to amplify their gains, which can increase both potential profits and losses.
Swing Trading
Swing trading, on the other hand, is a medium-term strategy that focuses on capturing price "swings" in the market over a few days or weeks. Swing traders aim to enter positions at the beginning of a trend and exit them when the trend starts to reverse. Unlike day traders, swing traders don’t need to monitor the market constantly and can take advantage of market volatility over a longer period of time.
Swing trading typically involves holding positions for several days to weeks, allowing traders to ride the natural upswings or downswings in the market. This approach gives traders more time to analyze the market and make well-informed decisions without the pressure of executing trades quickly.
Why Swing Trading is Better Than Day Trading
While both day trading and swing trading can be profitable, there are several reasons why swing trading is often considered a better option for many traders. Let’s break down these reasons, supported by statistics and insights.
1. Lower Stress and Better Work-Life Balance
Day trading can be extremely stressful because it requires traders to monitor the markets constantly throughout the day, often for hours on end. The fast-paced nature of day trading, combined with the need to make quick decisions, can lead to mental exhaustion and emotional burnout. A study from the University of California found that day trading can lead to high levels of stress due to the constant need for attention and quick decision-making.
Swing trading, on the other hand, is less stressful. Traders only need to check the markets a few times a day or a couple of times a week, making it easier to manage other aspects of life. The slower pace allows for more thoughtful analysis and decision-making, which can be less emotionally taxing.
2. Lower Transaction Costs
One of the biggest drawbacks of day trading is the high transaction costs associated with making multiple trades throughout the day. These include brokerage fees, commissions, and the cost of spreads. According to a study by KPMG, day traders typically spend 1.5%–3% of their total trading volume on transaction fees alone.
Swing traders, by contrast, make fewer trades and hold positions for longer periods. This reduces the frequency of transaction costs, which can result in higher net profits over time. For example, if a swing trader only executes 10 trades a month compared to a day trader who executes 100 trades, the swing trader is likely to save a significant amount in transaction costs.
3. Greater Profit Potential Per Trade
While day traders focus on making small profits from quick trades, swing traders aim to capture larger price movements over a longer period. On average, swing traders can capture gains of 5-15% per trade, depending on the stock and market conditions. In contrast, day traders often rely on smaller price movements, with profit margins typically around 1-3% per trade.
According to StockTrader.com, the average swing trade lasts around 3-7 days, whereas day trades last only a few minutes to hours. The ability to capture larger price swings over several days means swing traders can potentially earn more with fewer trades, offering better return on investment over time.
4. More Time for Risk Management
Day traders are constantly in the market and are often forced to make split-second decisions, which can lead to hasty actions based on emotions rather than analysis. This can increase the likelihood of losses. A report by J.P. Morgan found that day traders often fall prey to emotional trading, which leads to poor risk management.
Swing traders, however, have more time to assess their positions, adjust stop-loss orders, and make calculated decisions based on broader market trends. This additional time provides an opportunity for better risk management, which is crucial for long-term success.
5. Better Alignment with Market Cycles
Market trends often unfold over days, weeks, or even months. Swing traders can take advantage of these broader market cycles and capture larger, more predictable price movements. Day traders, who focus on short-term fluctuations, may miss out on these larger trends, limiting their profit potential.
According to Investopedia, swing trading strategies have historically outperformed day trading when capturing large market moves during bull or bear trends. By following the natural ebb and flow of the market, swing traders can make more informed decisions and avoid chasing small, random fluctuations that day traders often react to.
Ultimately, It Depends on the Trader
While swing trading offers several advantages, including lower stress, reduced transaction costs, greater profit potential, and better risk management, it’s important to remember that the choice between day trading and swing trading ultimately depends on the trader. Each style of trading has its pros and cons, and the right approach depends on an individual’s goals, risk tolerance, and lifestyle.
For traders who prefer fast-paced action and can dedicate significant time to the market, day trading may still be an attractive option. However, for those seeking a more balanced approach with a focus on longer-term trends and less time commitment, swing trading offers a more sustainable and potentially more profitable strategy.
In the end, whether you choose day trading or swing trading, it’s essential to understand the strategy, develop a solid plan, and manage risks effectively to achieve success in the stock market.
WHAT'S YOUR TRADING STYLE? COMMENT DOWN BELOW...
Lecher for Option TraderEven if you are a beginner, options trading can be a good call. However, make sure you have an online broker to help you and a margin account ready. When your options trading is approved, the orders can be entered to trade these options.
For instance, consider buying a call option for 100 shares of Company X at a strike price of Rs. 110, with an expiry on December 1. If, on December 1, Company X shares trade above Rs. 110, you can exercise the option, buying shares at a lower price to profit from the market price.