Contains IO script
SYNGENE: A Confluence of Demand Zones Worth Watching
Understanding the market moves through the lens of demand and supply zones can give traders a critical edge. I’ve been looking at SynGene International ( NSE:SYNGENE ), and I think it’s at a super interesting level right now. Let me break it down for you in a simple way!
📈 Why SynGene Looks Promising Right Now
Triple Timeframe Demand Zone Confluence : NSE:SYNGENE is trading in demand zones across the 75-minute, 125-minute, and daily timeframes. This rare alignment of zones suggests that "smart money" may be active here. Demand zones represent areas where unfilled buy orders are likely to exist, making this confluence a highly positive factor for demand-supply zone traders.
Absence of Supply Zones : No supply zones are visible on the current timeframes or even on the weekly chart. This indicates that price movement may face minimal resistance ahead. The absence of supply zones on the higher timeframe (weekly) places the stock in a "wholesale area" as per Curve (location) analysis.
Quality Demand Zone : The demand zones currently in play were instrumental in driving the price to an all-time high in the past. These zones follow-through candles broken multiple tested resistance levels, demonstrating their strength.
Act of Polarity : While the price is not precisely in the demand zone right now, it is trading at a level that previously acted as resistance. This "act of polarity" (where resistance becomes support) adds another layer of technical validity to this setup.
Uptrend on Higher Timeframe : The higher timeframe trend for SynGene remains upward, aligning well with the idea of buying on demand zones.
🎯 Key Trading Considerations
- Entry Strategy : Look for entry opportunities near the demand zone, ensuring your stop-loss (SL) is placed below the distal line of the demand zone with a buffer.
- Risk Management : Aim for a minimum 1:2 risk-reward ratio for your first target. If the price moves further upward, consider trailing your stop-loss to capture extended rallies.
- Safety is Key : While the setup is promising, remember that no setup is foolproof. Discipline with stop-losses.
Lastly, thank you for your support. Feel free to ask if you have any questions.
📢 Disclaimer : This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. Please note, I am not a SEBI-registered analyst. Always consult with a financial professional before making trading or investment decisions.
XAU/USD continue short Continuing to sell on time H1 and H4, gold's downward price channel is still maintained.
At time M15, there is a small rising price channel, however, the price has broken through the price channel and has a decreasing signal, showing that the sellers are gradually overwhelming.
JUBLFOOD an interesting ABCD pattern under formation Jubilant FoodWorks Ltd. is an interesting stock with following :
1. RSI on all time frames DWM above 60
2. Big anchor Green Candle on daily chart with high volume at weekly close
3. ABCD Pattern under formation on weekly chart
4. Major cluster of supports as under:
20 SMA (daily) 634
50 EMA (daily) 629
20 SMA (Weekly) 634
200 SMA (daily) 584
Lets See How it progresses from here further
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
ETH/BTC Showing Momentum with Alt Season PotentialEthereum (ETH) is currently holding strong at the $4000 price level while Bitcoin (BTC) has reached a significant milestone of $100,000. Historically, this creates favorable conditions for an altcoin season, with Ethereum often leading the charge. Recent ETF inflows into ETH indicate institutional interest, adding further strength to the bullish narrative.
Technical Analysis:
On the ETH/BTC chart:
ETH is consolidating above key support at 0.04011 BTC, showing resilience.
A breakout above the resistance zone at 0.04120 BTC could trigger a move towards 0.04253 BTC (+6.03%), as marked in the forecast.
Moving averages (20 EMA and 50 EMA) are aligned bullishly, with price action staying above both. The volume is steady, suggesting accumulation.
Trade Plan:
Entry: Enter on a confirmed breakout above 0.04120 BTC with strong volume.
Target: First target at 0.04253 BTC (+6.03%), with potential for further upside depending on market momentum.
Stop-Loss: Place a stop-loss below the recent swing low at 0.03960 BTC to minimize risk.
Macro Factors to Watch:
Monitor BTC dominance for signs of a shift toward altcoin strength.
Keep an eye on ETH price momentum at $4000—sustained strength here will reinforce the bullish ETH/BTC scenario.
ETF inflows and macroeconomic data impacting cryptocurrency markets could provide additional catalysts.
This setup offers a good risk-reward ratio, aligning with broader market trends and technical confirmation. Let's see if alt season delivers! 🚀
JPY indexThe Japanese Yen Index has started to break the downtrend channel, and completed the price structure in time D1, when creating a higher top and a higher bottom, in addition, the price has tested the right Fibo 0.618 and bounced strongly. We will continue to follow the trend to sell xxx/jpy..
Easy trade with smart system
My 3 good entries following trend with ADAUSDT on M15 timeframeThis Uptrend season I decide only BUY with altcoin and spend most my collection in SPOT.
20% assets will forcus on future only x3-x5 Margin and BUY LONG only.
This chart shows how I follow the trend in Uptrend with good entries good positions.
My prediction with ADAUSDT will raise up to 3.1$ soon in 2025.