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Gold Breaks Below 3000: Weekly Support at 2950-60 Now CriticalGold is showing weakness and breaking down supports on daily closing basis, as expected and explained in my previous posts and weekly analysis video. Gold has now trading below two major support levels - the first at 3050-60 and the second at 3000-20. Yesterday price closed under 3000 on a daily basis, which clearly signals weakness in the market. As discussed in my weekly analysis video, price is now testing the first weekly support at the 2950-60 area. I've made some changes to my mapping based on recent price action. Previously, I expected price to hold at 3000 on daily charts, but since it has already closed below 3000, we now need to watch the 2950-60 zone for possible retracement/pullback signs. I expect this pullback to begin soon (within the next 2-4 trading days), and during this period, I anticipate gold will maintain its weakness/correction trend.
PEPPERSTONE:XAUUSD
by TheGoldenCircle
3
JSW Energy LtdDate 06.04.2025 Jsw Energy Timeframe : Weekly Business Segments 1 Thermal Energy Projects - 63% - Capacity of 3,508 MW 2 Renewable Energy Projects -36% - Renewable energy capacity of 4,232 MW 3 Other Assets - 1% Operational Metrics 1 Net Generation-Thermal (MUs): 9,485 in H1 FY25 vs 18,526 in FY24 2 Thermal Plant Load Factor (PLF): 75% in H1 FY25 vs 76% in FY24 3 Net Generation-Renewable (MUs): 8,236 in H1 FY25 vs 9,336 in FY24 Expansion Projects Q2 FY25 Capacity Under-Construction: 1 Wind: 2,536 MW 2 Solar: 2,779 MW 3 Hybrid: 2,026 MW 4 Thermal: 350 MW 5 Hydro: 240 MW Capacity in Pipeline: 1 Solar: 560 MW 2 Wind: 250 MW 3 Hybrid/FDRE: 2,730 MW Debt Position The company's net debt has increased from Rs. 6,963 Cr Stock PE - 47.1 ROCE - 8.59 % ROE - 8.40 % 1 Company has delivered good profit growth of 19.8% CAGR over last 5 years 2 Debtor days have improved from 37.0 to 26.8 days 3 Stock is trading at 3.16 times its book value 4 Company has a low return on equity of 8.66% over last 3 years Technical Remarks : 1 Stock has respected 200 weekly exponential moving average 2 Recent double top at 580 on weekly chart 3 At present 50% of fibonacci is support/resistance 5 Below 50% is short & above 50% is long 6 Bearish crossover between 20 wema & 60 wema on weekly chart. Regards, Ankur
NSE:JSWENERGY
by AnkurSingh
2
U.S. Dollar Index (DXY) –Key Resistance& Bearish Target Analysis📊 Key Observations: 🔵 Resistance Zone (📍~103.5 Level) A strong resistance area (🔵 blue box) is marked, indicating potential selling pressure if the price reaches this level. The price is moving upwards (📈) towards this resistance, so watch for rejection or breakout. 🔵 Support/Target Zone (📍~101.5 Level) A lower support zone (🔵 blue box) is marked as the bearish target 🎯. If the price fails at resistance, it may head downwards (📉) to this level. 📉 Recent Price Action: 🚀 Sharp drop followed by a rebound (📈). The price is currently moving back up (🔼), possibly forming a lower high before another drop. 📌 Exponential Moving Average (DEMA 9 - 102.488) The price is hovering above the 9-period DEMA (📏), showing short-term bullish momentum. If the price rejects resistance and falls below the DEMA, a bearish continuation (📉) is likely. 🚀 Potential Scenarios: ✅ Bullish Breakout: If price breaks above 🔵 resistance, it may continue rising (📈) to higher levels. ❌ Bearish Rejection: If price fails at resistance, expect a drop (📉) towards 101.5 🎯.
TVC:DXYShort
by Jameshead007
4
Godrej Properties is About to Start UptrendElliot Wave analysis of the stock shows following important things: 1. We are currently at the end of Wave 4 (Correction Wave) 2. Wave 2 was sideways and not deep. Thus as per the rule of alternation, the wave 4 was going to be sharp (zigzag) and deep. It has turned out to be so. It retraced as much as 78% of the Fibonacci levels. 3. Wave 4 - ABC had following waves - - A - 3 Waves - B - 3 Waves - C - 5 Waves Thus, the 3-3-5 Waves pattern has been established and verified. What is current situation? Currently, if analysis is correct, it is in the beginning of 5th Wave. It is ahead of Nifty 50 which is yet to start the 5th wave. If it is not in beginning of 5th Wave, it still doesn't have much room anyway left to fall before it begins to reach into 1st Wave territory at 1769 Levels. That is extremely unlikely event. If it happens so, then the wave count will change and entire 1st and 3rd wave will become 1st Wave. This is my understanding. Open for the community views. note: Personal Views only. No buy/sell recommendation.
NSE:GODREJPROPLong
by fvs99
2
NTPC (Overarching Goal and Leadership)Based on the historical Data, NTPC has a comprehensive renewable energy expansion strategy with the ambitious goal of achieving **60 GW of renewable capacity by 2032 . This strategy involves several key components and focuses heavily on its subsidiary, NTPC Green Energy Limited (NGEL). Here is an outline of NTPC's renewable energy expansion strategy: 1. Overarching Goal and Leadership: To be a leader in India's renewable energy sector and accelerate the nation's energy transition. Achieve 60 GW of renewable capacity by 2032. Consolidating its renewable energy portfolio under its wholly-owned subsidiary, NTPC Green Energy Limited (NGEL). NGEL is positioned as a key player in this expansion. 2. Key Entities and Subsidiaries: NTPC Green Energy Limited (NGEL):The primary vehicle for NTPC's renewable energy expansion. Most future capacity additions are expected to come from NGEL. NTPC Renewable Energy Limited (NTPC REL): A subsidiary of NGEL actively involved in securing and developing renewable energy projects, including solar and wind. THDC India Limited and NEEPCO: Subsidiaries also contributing to the group's renewable energy capacity. 3. Capacity Addition Targets: Significant ramp-up of renewable capacity: NGEL expects to reach around 3,088 MW in FY25, approximately 5 GW in FY26, and tentatively 8 GW in FY27. Under-construction capacity:As of December 2024, the NTPC Group had 10.3 GW of renewable energy capacity under construction. Ultra Mega Renewable Energy Power Parks (UMREPPs): Developing large-scale renewable energy parks in collaboration with state governments and other companies. Examples include parks in Gujarat (4.8 GW), DVC (0.7 GW), and Madhya Pradesh (0.6 GW) in advanced stages, with MOUs signed for over 50 GW capacity. Focus on various renewable sources : A diverse portfolio including large-scale solar, floating solar, wind projects, and small hydro. 4. Methods and Approaches: Organic Growth:Developing projects independently and through its subsidiaries. Joint Ventures: Forming strategic partnerships with state power generation companies like Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for the development of renewable energy parks and green hydrogen projects (up to 25 GW capacity in Rajasthan) and with UPRVUNL in Uttar Pradesh. Memorandums of Understanding (MOUs): Collaborating with state governments for investments in renewable energy projects, including solar, battery storage, and green hydrogen. Examples include MOUs with the Governments of Andhra Pradesh, Bihar, and Chhattisgarh. Participating in Auctions and Tenders: Actively securing projects through competitive bidding, such as the solar power auctions by Uttar Pradesh Power Corporation Limited (UPPCL) and SECI won by NTPC REL. NTPC is also a Renewable Energy Implementing Agency (REIA) and issues tenders for renewable power projects. Outsourcing: Utilizing outsourcing models for parallel capacity addition, with over 5 GW of solar capacity established and more under execution and tendering. 5. Focus Areas and Technologies: Solar Energy: Significant focus on solar power, including ground-mounted and floating solar projects. NTPC already has the largest portfolio of floating solar projects. Wind Energy: Developing wind power projects, including the first wind farm commissioned by NTPC REL. Actively participating in tenders for offshore wind projects and pursuing collaborations with global partners. Energy Storage: Actively pursuing various forms of energy storage solutions, including Battery Energy Storage Systems (BESS) and Pumped Hydro Projects, to ensure optimal utilization of variable renewable energy. NGEL has issued tenders for significant energy storage capacity. Green Hydrogen: Exploring and investing in green hydrogen production and related applications like green mobility and green chemicals. Development of Green Hydrogen Hubs is underway. Renewable Energy Round-The-Clock (RE-RTC) Power: Entering into agreements with Commercial and Industrial (C&I) customers for the supply of RE-RTC power. 6. Supporting Initiatives: Land Banking: NTPC REL has established a land bank with ISTS connectivity for future renewable energy projects. Technological Advancements: Investing in and adopting new technologies to enhance efficiency and reduce costs in renewable energy generation. Sustainability Focus: The renewable energy expansion is a key part of NTPC's broader sustainability strategy, "The Brighter Plan 2032". Through these multifaceted strategies, NTPC aims to significantly increase its renewable energy footprint and contribute substantially to India's clean energy goals by 2032.
NSE:NTPC
by askbiswanath2025
3
GBP/USD Technical Outlook: Elliott Wave Mapping the Next MoveThis GBP/USD 4H chart presents an Elliott Wave analysis. Wave (1) and (2): The market had an impulsive bullish movement in Wave 1, followed by a corrective Wave 2. Wave (3): A strong bullish move with momentum. Wave (4): A corrective phase, forming a triangle pattern (a-b-c-d-e), which suggests the market is preparing for another impulsive leg. Entry Confirmation: A breakout above the triangle pattern. First Target: 1.31457 (Fibonacci 0.382) Second Target: 1.32105 (Fibonacci 0.5)
by Money_Dictators
3
Infy - Long SetupCMP 1550 on 03.04.25 The chart marks all the important levels. The stock price has corrected by around 25% in recent weeks. According to the above setup, it seems to be on the supports. If it reverses from these levels, it may go into a bullish phase ahead. Possible targets may be 1660/1780/1840. The setup will lose significance if the price sustains below 1470. One should keep the position size according to risk management. All these illustrations are only for learning and sharing purposes, not a trading recommendation. All the best.
NSE:INFYLong
by anandlive
2
Godfrey Phillips India Limited - 1D - Breakout Pattern: A cup and handle formation is visible, suggesting a potential breakout. • Trendlines: Two white downward trendlines indicate previous resistance levels, with the price recently breaking above them. • Breakout: The latest price action shows a breakout above resistance around ₹7,107, which could indicate a bullish move. • Volume: The volume bars at the bottom show increasing volume, confirming the breakout. Indicators: • RSI (Relative Strength Index) Indicator (Bottom Panel): • The red line (72.00) represents the RSI value. • The yellow-green line (60.61) likely represents a moving average or signal line. • The RSI above 70 suggests the stock is gaining relative strength and could be in an overbought zone. Resistance Levels: 1. ₹7,100 - ₹7,150 (Breakout Zone) → The stock has recently broken above this resistance. A successful retest and hold above this level could confirm further upside. 2. ₹7,600 - ₹7,700 → Next key resistance from previous highs (potential target if the breakout sustains). 3. ₹8,000+ (All-Time High Zone) → If momentum continues, this could be a longer-term target. Support Levels: 1. ₹6,800 - ₹6,850 (Breakout Retest Level) → If the price pulls back, this level should act as strong support. 2. ₹6,400 - ₹6,500 (Psychological & Trendline Support) → Below this is the next strong support from past price action and trendline. 3. ₹6,000 (Major Support Zone) → A breakdown below this could invalidate the bullish trend.
NSE:GODFRYPHLP
by PriceAction_Pulse
4
Sumitomo Chemical - Chart of the MonthNSE:SUMICHEM showed good price action this month, showcasing strength in this market and looking to continue that further, hence qualifying for my Chart of the Month. About: NSE:SUMICHEM is one of the leading players in the industry, which has a balanced portfolio of technical and formulation products along with backward integration for some products. The Company is known for domestic marketing of proprietary products of its Japanese parent, TSE:4005 in agrochemicals, animal nutrition, and environmental health business segments. With the integration of Excel Crop Care Limited, the Company now has a strong portfolio of generics in addition to specialty products and a strong combined marketing network. Trade Setup: It crossed major Swing High Levels this Month and is now looking to cross ATH, RSI & MACD Trending Upwards. Buy on DIPS can be done if it consolidates. The Base Formed Will be an Ideal Stop Loss. Target: Around 672 Levels can book a partial at the ATH Zones. Stop Loss: Entry Candle Low For Swing Traders and Base Marked for Positional Traders.
NSE:SUMICHEMLong
by Karanshah137
14
SBILIFE🔎 Key Observations: Base Breakout on Decent Volume – Price successfully broke out of a long accumulation phase. 200-Day MA Rejection – Faced resistance at the critical moving average, leading to a pullback. Retesting the Base – The stock is currently stabilizing after the rejection. 🚨 Trading Plan: ⚠️ Wait for a Strong Close Above the 200-Day MA 📈 📊 Volume Confirmation Needed: A breakout should be accompanied by higher-than-average volume to confirm strength. 📌 Final Thoughts: The structure remains bullish, but a clear 200 MA breakout is the key trigger. Patience is key! 🔥 What’s your take? Will it break through or retrace further? Comment below! 👇📊🔥
NSE:SBILIFELong
by Sudhi4488
3
Inverse H&S Forming on Daily TF – on #TorrentPharmaInverse H&S Forming on Daily TF – Price Testing Resistance Trendline. What’s Next? An Inverse Head & Shoulders (H&S) pattern is taking shape on the daily chart, suggesting a potential bullish reversal. Price is now testing a key resistance trendline—will it break through? 🔹 Bullish Confirmation: A breakout above resistance could confirm the pattern, targeting higher levels. 🔹 Bearish Rejection: If price gets rejected, the setup may fail, leading to a retest of nearest support. Key Levels: Neckline (resistance) & trendline breakout zone. Thoughts? #PriceAction #TradingSetup
NSE:TORNTPHARMLong
by Alert_Trader
1
Brain Hunts, Wallet Hurts!In this brief article, I aim to throw some light upon a typical trader's psychology, which is often swayed by greed and fear, and the constant battle between careful analysis and impulsive decisions. Traders who actually trade and not just analyze understand that the stock market is not merely a game of numbers- it’s a psychological battlefield where your own mind can turn into your sneakiest opponent. You’ve got your charts, your indicators, and your gut screaming at you, but many a times, your prediction could be a game spoiler. That little voice in your head saying, “I’ve got this figured out,” can lead you straight into a trap. Let’s break this down with two classic trader blunders (of course there are more) and sprinkle in some brain science to see why we keep doing this to ourselves and how to fight back. Situation 1: The Pullback That Never Came Imagine a situation when you’ve been watching a stock like a hawk, waiting for that sweet dip to jump in. But the price keeps climbing, and you’re sitting there, twisting your hands, grunting, “It’s going to pull back soon”. Then, your patience snaps and you say, “screw it, this thing’s not dropping anytime soon- I’m calling it”. You hit the buy button at what turns out to be the tippy-top, proudly predicting endless upside. Perfect moment when the whole universe starts laughing in your face while the price tanks the second your order fills, and you’re left holding a bag heavier than your ego. What happened here? System 1 of your brain- the impulsive hotshot- got tired of waiting and convinced you the pullback was a myth. Meanwhile, System 2, the slow-mo logical analyst- was napping on the job, too lazy to double-check the trend or your risk plan. The result? A prediction born from frustration, not facts, and a bruised trading account to show for it (see the first figure on chart) Situation 2: Going to the Moon Call Now imagine when you nail a trade with a solid 1:3 risk-reward setup. The price hits your target and you are high-fiving yourself in your head. But wait, the momentum is insane! The chart’s practically vertical, and your inner fortune-teller pops up saying: “this is just the beginning, it’s going way higher.” So, you ignore the initial 1:3 profit button, predicting a jackpot just around the corner. But caution- the market doesn’t care about your crystal ball. The price may fall faster than the Adam's apple, and you will be booking a loss instead of sipping champagne (see figure 2 in the chart). Here’s the brain glitch: System 1, that greedy adrenaline hotshot, saw the momentum and screamed, “More, more, more!”. System 2, the voice of reason, should’ve stepped in with, “Hey, dummy, take the win- you hit your target.” But nope, Mr.1 is drowned in the thrill of that chase. Your prediction wasn’t analysis, it was hope dressed up as logic. The Psychology Behind the Madness Our brains are wired into two systems, straight out of Daniel Kahneman’s book. System 1 is the lightning bolt- emotional, instinctive, and prone to jumping the gun. System 2 is the nerdy analytical- slow, deliberate, and obsessed with data. Trading is tough because the market moves fast and System 1 loves to take on the wheel, especially when predictions feel like a superpower. Problem is, it’s usually guessing and not knowing. System 2, meanwhile, gets lazy unless you force it to wake up and do the math. How to Outsmart Yourself So, how do you stop your predictions from stabbing you in the back? Lean harder on System 2. Build a trading plan with clear rules—entry points, exits, profit targets—and stick to it religiously. When your senses are itching to predict the next big move, pause!!! Ask yourself, “Is this my gut talking, or my chart?” Needless to mention, the market doesn’t care what you think, and it will do what it is going to do anyway. Your job is not to outguess or outsmart it, your job is to outthink yourself. So, next time you’re about to bet on a hunch, give System 2 its fair chance. Your trading account will thank you and you might just sleep better at night 🙂 I hope you like the writeup. Do like and comment if you feel necessary.
NSE:NIFTYEducation
by Bravetotrade
17
As quoted on 30th Jan 2025 3100 $ has finally being approched.As quoted on 30th Jan 2025 3100 $ has finally being approached. The daily chart shows that Gold price has almost tested the ascending triangle target, measured at $3,080. Therefore, a minor pullback cannot be ruled out in the near term. Additionally, the 14-day Relative Strength Index (RSI) has entered the overbought region, currently at 72.50, lending credence to the retracement outlook. If a correction unfolds, the immediate support for Gold buyers is at the $3,050 psychological barrier, below which the March 26 low of $3,012 could be tested. Further down, the $3,000 round level will emerge as a significant support level. On the other hand, if buyers manage to hold ground, the next topside target is seen at the $3,100 threshold. Fresh buying opportunities would emerge above that level, opening doors for an advance toward the $3,150 level.
FX_IDC:XAUUSD
by XAUUSDANALYST
4
Coal India Ltd - Breakout & Retest with Bullish MomentumCoal India Ltd has successfully broken a key resistance level and is currently retesting it, indicating potential bullish continuation. Entry zones are well-defined with a stop-loss to manage risk. Targets align with previous resistance levels, confirming strong risk-reward potential. ⚡ Key Technical Points: - Resistance Breakout & Retest: Price has broken resistance and is retesting, a bullish confirmation signal. - Resistance Breakout & Re-test 🔵 - Entry 1 - 401 🟢 - Entry 2 - 354 🟢 (Support Zone) - Stop-Loss below 346 🔴 (Risk Management) - Target 1 - 440.80 📈 - Target 2 - 502.75 📈 Why This is a Technically Strong Setup: - ✅ Resistance Breakout & Retest: Price has broken a key resistance and is retesting it, a classic bullish continuation signal. - ✅ Strong Support Levels: The 354 zone has acted as a solid support multiple times, making it a high-probability entry. - ✅ Moving Averages Alignment: Price is reclaiming key moving averages, signaling trend reversal. - ✅ Volume Confirmation: The breakout was backed by increasing volume, adding strength to the move. - ✅ Favorable Risk-Reward Ratio: Defined stop-loss below 346 minimizes downside risk while upside targets offer a strong reward. - ✅ Higher Highs & Higher Lows: Market structure suggests a shift to an uptrend. 🚨 No financial advice. Do your own research.
NSE:COALINDIALong
by Pattern_Ninja
8
Technical Analysis of MOLD-TEK TECHNOLOGIES LTD (NSE) - Monthly Chart Pattern: Cup and Handle Breakout with Retest The chart displays a cup and handle pattern that completed a breakout in early 2023. The price surged significantly post-breakout, reaching new highs. However, after the sharp uptrend, the stock has corrected and is now retesting the breakout zone, which aligns with a long-term trendline. Key Technical Observations 1. Support and Demand Zone (Retest of Breakout) The stock has fallen from its highs and is currently testing a critical support zone around ₹120 - ₹145. This zone represents the previous breakout level from the cup and handle pattern. A strong bounce from this area suggests that buyers are defending this demand zone. 2. Long-Term Trendline Support The red diagonal trendline, drawn from past swing highs, has historically acted as resistance. After the breakout, this trendline is now acting as a support. The stock has bounced off this trendline, indicating a potential reversal. 3. Volume Analysis Increased volume was seen during the cup and handle breakout, confirming the strength of the move. Recent volume spikes on the dip suggest accumulation by strong hands. A rise in volume on a reversal would confirm buyer strength. 4. Fibonacci Retracement & Mean Reversion The current correction aligns with a 50%-61.8% Fibonacci retracement from the previous rally. This is a healthy retracement level, often indicating the end of a correction. Mean reversion to previous support zones before resuming the uptrend is common in strong stocks. 5. RSI & Momentum Indicators While RSI is not explicitly shown in the image, the deep correction suggests oversold conditions. A bullish divergence (price making lower lows, but RSI making higher lows) would strengthen the reversal case. Conclusion & Strategy Bullish Case (If the stock holds ₹120 - ₹145) If the stock sustains this level and forms a higher low, it could resume an uptrend. Breakout confirmation would come if the price reclaims ₹180 - ₹200 with strong volume. Potential targets: ₹250, ₹280, and ₹350 in the long run. Bearish Case (If ₹120 breaks) A breakdown below ₹120 could lead to further downside, possibly towards ₹90 or even ₹68. This would invalidate the bullish retest scenario. Action Plan For Long-Term Investors: This could be a buying opportunity if support holds. For Traders: Look for bullish confirmation before entering. Stop-loss near ₹120.
NSE:MOLDTECHLong
by Charts_insiders
3
EURUSDIf you go on 4H you can see to the left in the last couple of months EurUsd has consistantly been making HH and it has been in an up trend, however on Monday market open price has made an important new leg and new Trading range was made. Not the strongest one yet, however suitable for looking for trades. On the rigth side of the screen you can see I where I have looked for a trade opportunity. If you zoom in on an 15 min time frame you can see great short opportunities today, 2 to be exact. Waiting for price to drop and take out the most recent low. Now there is more of a educational explenation while on 15min you can go and see what is happening into the region where the price is currently sitting at. Blessings, T
by Tilen_FX
8