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strong bullish breakout from its long-term downward channel✅The stock has been in a downward-sloping channel since October 2022, forming lower highs and lower lows. Recently, the price has broken above the upper boundary of this channel, indicating a potential reversal in trend. ✅There is an increase in volume, especially during the breakout above the upper boundary of the channel. This indicates strong buying interest and supports the potential trend reversal. ✅RSI near upper band and ready to give breakout & MACD histogram shows increasing bullish momentum, with the MACD line crossing above the signal line. ✅The breakout above the downward-sloping channel suggests the end of the long-term downtrend and the start of a new bullish phase.
NSE:AVADHSUGARLong
by Marketik
16
MUTHOOT FINANCE LTD AnalysisFOR LEARNING PURPOSE MUTHOOT FINANCE LTD - The current price of MUTHOOT FINANCE is 1773.15 rupees I am going to buy this stock because of the reasons as follows- 1. Its coming out from a good consolidation base 2. Its making a new ATH and breaking the resistance of 2.5 years 3. It is showing better relative strength as it stood strong in volatile times 4. The risk and reward is favourable 5. This stock has underperformed in last 2.5 years (where many were making ATHs, this was not making) but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks 6. The latest result has been good, which gives bonus numbers I will buy it with minimum target of 35-40% and then will trail after that. My SL is at 1571 rupees I will be managing my risk.
NSE:MUTHOOTFINLong
by Its_Bhushan
5
#Nifty directions and levels for June 10th.Good morning, friends! 🌺🍬 Here are the directions for June 10th: There are no significant changes in the global market. It is still maintaining a moderately bullish sentiment based on the Dow Jones, while our local market also maintains a bullish trend. Today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 40 points. Nifty and BankNifty both have the same sentiment, with no significant changes in direction. Nifty has closed near its all-time high. Psychologically, this is a major resistance level. The current picture suggests a range-bound movement rather than a clear direction because the immediate resistance levels and wave structures are somewhat uncertain, like a cat on the wall. Let me describe the possible directions one by one. Let's look at the directions: > If the market breaks the level of 23,401, either with consolidation or a solid breakout, we can expect a move to a minimum of 23,503, reaching the supply zone. > On the other hand, if the market sustains the gap-down or if it rejects around 23,401 (if an initial pullback occurs), then we can expect a minimum correction of 38%. >According to the structure, the 38% level could act as strong resistance in a trending market, so if the market finds support around 38%, we can expect the rally to continue with some consolidation. My personal opinion is that if the market takes a correction, we can expect a minimum move to the 78% Fibonacci level. It may consolidate around either the 38% or 50% level, but it won't sustain for long.
NSE:NIFTY
by Manickamtraders
2
ABBOTINDIA - Short term trade based on tightness in priceThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. One should also look at its peers in Pharma sector for more opportunities - check below charts - #CIPLA #STAR #SANOFI The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:ABBOTINDIALong
by TradewithAditya
1
Trading Vs InvestingTrading and investing are two distinct approaches to engaging with financial markets, each with its own strategies, goals, and risk profiles. Here’s a comparison to help differentiate between the two: Trading Definition: Trading involves the frequent buying and selling of financial instruments, such as stocks, commodities, currencies, or derivatives, with the goal of making short-term profits. Key Characteristics: Time Horizon: Short-Term Focus: Trades can last from seconds to months, but they are generally not held for long periods. Frequent Transactions: Traders often execute multiple trades daily, weekly, or monthly. Strategy: Technical Analysis: Traders often rely on technical analysis, using charts, patterns, and indicators to predict price movements. Market Trends: Trading strategies may include day trading, swing trading, scalping, and momentum trading. Risk and Reward: High Risk, High Reward: Trading can yield high returns quickly but also comes with significant risk due to market volatility and leverage. Risk Management: Successful traders use stop-loss orders and position sizing to manage risk. Skills Required: Market Knowledge: Understanding market dynamics, trends, and technical indicators is crucial. Discipline and Emotion Control: Traders need to be disciplined and able to manage emotions to avoid impulsive decisions. Investing Definition: Investing involves buying and holding financial instruments for the long term, aiming to build wealth gradually through appreciation, dividends, and interest. Key Characteristics: Time Horizon: Long-Term Focus: Investments are typically held for years or even decades. Infrequent Transactions: Investors make fewer transactions compared to traders, often holding positions through market fluctuations. Strategy: Fundamental Analysis: Investors focus on the underlying value of assets, examining financial statements, company performance, industry trends, and economic factors. Growth and Value Investing: Strategies may include growth investing, value investing, income investing, and index investing. Risk and Reward: Moderate Risk, Moderate Reward: Investing aims for steady, long-term growth, with risks spread over a diversified portfolio. Compounding: The power of compounding returns over time is a significant advantage. Skills Required: Analytical Skills: Understanding financial health, market conditions, and economic indicators is important. Patience and Long-Term Vision: Investors need to stay focused on long-term goals and not be swayed by short-term market volatility. Summary Trading is suitable for those looking to capitalize on short-term market movements and who have the time and skills to actively manage their positions. Investing is ideal for those aiming to build wealth over the long term, preferring a more passive approach with less frequent adjustments to their portfolio. Each approach requires a different mindset, skill set, and level of involvement. Choosing between trading and investing depends on individual goals, risk tolerance, and time commitment. ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION & EMOTIONS HAS NO VALUE IN THE MARKET Our motto is to help each and every individual to reach and achieve their financial goals across the world by empowering individuals with the accurate knowledge and skills necessary to navigate the complexities of the financial markets successfully. 💪 Please NOTE 👉 Levels shared are for intraday trading only. 🚫 Disclaimer 🚫 All information shared here is for educational purposes only, Please consult your financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you make. No Buy Sell Recommended 🚫 Request your support and engagement by like, comment & follow to provide encouragement CHEERS 👍
NASDAQ:NVDAEducation
by globuscapitas
7
Softer Australia GDP growth, rising wedge lure AUDUSD bearsAUDUSD picks up bids to consolidate the biggest daily loss in a fortnight early Wednesday even as Australia’s Q1 GDP growth softens to 0.1% QoQ and 1.1% YoY respectively versus 0.3% and 1.6% priors in that order. The Aussie growth numbers also slide beneath market forecasts of 0.2% QoQ and 1.2% YoY. However, prices recover from the 100-bar Exponential Moving Average (EMA), close to 0.6635 at the latest, while posting mild gains within a two-month-old rising wedge bearish chart formation, currently between 0.6620 and 0.6750. It should be noted that mostly steady RSI conditions and the downbeat MACD signals join the softer Aussie growth to keep sellers hopeful. That said, the bears need validation from the 200-EMA support of 0.6610, in addition to the rising wedge’s bottom line of 0.6620, to retake control. Following that, the pair will be vulnerable to revisit the previous yearly low of 0.6270 while witnessing 0.6460 and the 2024 bottom surrounding 0.6360 as intermediate halts during the run-down to chase a theoretical target of the rising wedge confirmation. Alternatively, the 0.6700 threshold guards the immediate upside of the AUDUSD pair in case of the quote’s further recovery. Should the bulls keep the reins past 0.6700, the yearly high of near 0.6715 and the aforementioned rising wedge’s top line surrounding 0.6750 will challenge the Aussie bulls. In a case where the pair remains firmer past 0.6750, the late 2023 peak around 0.6870 and the 0.7000 psychological magnet will be in the spotlight. Overall, the AUDUSD pair’s latest recovery could be considered a selling opportunity until the quote stays beneath 0.6750.
by MTradingGlobal
1
Linear Vs Logarithmic Chart. Which one to use ?NSE:ADANIENT Hello, Traders! 👋 I hope you’re all having a fantastic weekend! 🌟 Whether you’re sipping coffee, analyzing charts, or just enjoying some downtime, let’s make it even more productive. 📈💡 In today’s educational post, we’ll explore a concept that might have slipped under your radar or left you slightly puzzled. No worries—I’m here to shed light on it! Understanding Linear vs. Logarithmic Charts 🔹When it comes to visualizing data, two chart types stand out: linear charts and logarithmic charts. These seemingly simple charts can reveal powerful insights about trends, growth rates, and relative changes. Buckle up—we’re about to explore their differences and use cases! 📊🚀 What is a Linear chart? 🔹The Price plotted on a graph which we call charts, the price on the Y-axis shown will be consistent and uniformly scaled, which shows more significance to recent price action over old price action. 🔹Linear charts are great for showing absolute changes when each price has similar increments. 🔹Linear charts are easy to understand and you are already using them. What is Logarithmic Chart (Log Scale): 🔹A logarithmic chart, or log scale, depicts percentage changes, giving a more accurate view of relative movements. 🔹Logarithmic charts are especially useful when analyzing Long-term price data. They can show proportional relationships and percentage changes more effectively. 🔹As time goes by, the difference between linear and logarithmic charts becomes more pronounced. Log scales are often preferred for their accuracy. On this difference table, you can easily understand the uses and benefits of logarthmic charts. How to switch to a logarithmic chart? Just right right-click on the Price scale on the Tradingview chart and you will find log chart. or you can just hover your cursor at the bottom of the price scale you will see A and L (A - means arithmetic and L- Logarithmic). Note:- On short-term or recent price action these charts will not make any big difference but surely they impact longer-term data. Feel free to explore both chart types and choose the one that suits your analysis best! 📊🔍 If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀 Keep Learning, Happy Trading.
NSE:ADANIENTEducation
by SANJAYPATIDAR_
16
Nifty - Pre Exit Poll Outlook: Bulls Above 22,400 Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ----------------------------------------------------------------------------------------------- Key Levels to Watch: - Immediate Resistance: 23,000 What Unfolded Last Week: The index retraced 600 points, making a low of 22,417 as expected pause below 23000 in the last idea. Last Idea - Nifty Explosive (Part 3): From 22,000 to 23,000 in Record Time! Future Expectations: If Nifty surpasses the 23,000 mark, it will confirm that the bulls are in charge, reflecting the market optimism seen since early 2014. Nifty has strong support in the 22,400-22,500 zone. Holding above this zone, we expect an upward move towards the 22,775-22,825 target zone. If it holds above 22,825, it can target 23,000. Beyond 23,000, bulls will take charge, potentially driving the index to 23,500 and later 24,500. Note: Strictly no trades below 22,400. From WaveTalks Abhishek
NSE:NIFTY
by WaveTalks
17
CHZUSDT : Can It Overcome Resistance for a Major Rally?💎 Paradisers, #CHZUSDT has formed an inverse head and shoulders pattern, increasing the probability of a bullish move. 💎 The #CHZ is also showing a bullish market structure. If it breaks out above the resistance zone and closes a candle above it, this will validate the inverse head and shoulders pattern and could propel the price towards our resistance levels. 💎 In the case of a pullback, we can expect a bounce from the demand level, but entries here could be riskier. Therefore, it's better to look for A+ setups on lower timeframes for confirmation. 💎 However, if the price closes a candle below the demand level, it will invalidate the pattern and our bullish outlook. In that scenario, it would be better to reassess the market conditions. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
4
PSB Breakout Long Buy predictionPunjab & Sind Bank is engaged in the Business of Deposits, Loans & Advances, and Remittances & Collections. If we look at the chart: The market has broken multiple bullish pattern confirmations. It has a broken flag & pole, and descending triangle while having a very strong volume at the breakout. If we look at the RSI, its crossing 60 to the upside can be a good sign of long-term bullish for the stock. Investors of short term traders can proceed with the stock as follows: you can execute the trade with R:R of 1:4. Plan of Action: Buy: LTP (64-65) Stop loss: 60 Target1: 76 Final target 82
NSE:PSBLong
by finnova_
6
#Nifty directions and levels for May 27th.Good morning, friends! 🌺🍬 Here are the directions for May 27th: The global market is maintaining a bearish sentiment based on the Dow Jones, while our local market suggests a bullish trend. We might see a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 10 points. First, let's look at the bias: > Whenever consolidation forms after a solid structure, the market may follow that direction. The current structure indicates a bullish sentiment. > The major weightage stocks (HDFCBANK and RIL) both have solid bullish candles, so if this continues, the index may also continue the rally. Nifty has consolidated after a sharp rally, and today, GiftNifty is also indicating a neutral start. This suggests that the consolidation may continue for a bit. However, if the initial market takes a pullback, we can expect the rally to continue. According to the wave structure, it could be a sub-wave 5. This is a distribution wave, so it will reach the level of 23097 with less volume. However, if the pullback candle is a solid, long green candle, we could expect the level of 23197. Alternatively, if the initial market takes a correction, it could continue the correction of the 4th sub-wave, which is a consolidation wave. It may correct to a maximum level of 38%. If it finds support there, we could expect a bounce back.
NSE:NIFTY
by Manickamtraders
6
Nifty Explosive (Part 3): From 22,000 to 23,000 in Record Time! Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ----------------------------------------------------------------------------------------------- Nifty Index Outlook - May 24, 2024 Overview In our last analysis, we emphasized the importance of having both a primary plan (Plan A) and an alternative plan (Plan B). This approach prepares us for achieving similar outcomes through different routes. If Plan A fails, we quickly switch to Plan B. A strong alignment between both plans often predicts significant market movements. Recent Market Movements In our last discussion on the Nifty Index in the "Nifty: Explosive Part 2 - Towards 23,000+" series, we predicted a rally if the Nifty crossed the 22,000 mark. Indeed, Nifty surged nearly 1,000 points in just 10 days, closely aligning with our predictions and nearly touching the 23,000 mark. Last Idea - Nifty : Explosive Part 2 - Towards 23000+ Current Market Outlook Key Levels to Watch: - Immediate Resistance: 23,000 If Nifty surpasses the 23,000 mark, it will confirm that the bulls are in charge, echoing the market optimism that began in early 2014, a period that marked a significant turning point after years of struggle. Future Expectations Looking ahead, the next crucial juncture is whether Nifty can sustain its momentum above the 23,000 level or if it will face resistance. Surpassing 23,000 would be an extremely powerful signal, indicating readiness for a significant breakthrough before the 2024 General Election results are announced. Facing resistance below 23000 mark, a pause & bulls come back before election results are out on 4th June 2024. Conclusion The Nifty Index's performance has closely aligned with our previous analyses, demonstrating strong potential to surpass the 23,000 level. As the market approaches this critical threshold, our dual-plan strategy continues to guide our expectations and strategic decisions, ensuring we're well-prepared for various market scenarios. From WaveTalks Abhishek
NSE:NIFTY
by WaveTalks
4
⭐️⭐️Leading V/S Lagging Indicators⭐️⭐️What is a leading indicator? A leading indicator in trading is a tool or metric used to predict future price movements in financial markets. These indicators provide signals about potential price changes before the new trend or reversal occurs, allowing traders to make informed decisions ahead of time. Leading indicators are particularly useful for identifying market trends, potential reversals, and the general direction of price movements. Common Types of Leading Indicators ⭐️Relative Strength Index (RSI) ⭐️Stochastic Oscillator ⭐️Moving Average Convergence ⭐️Divergence (MACD) ⭐️Commodity Channel Index (CCI) Characteristics of Leading Indicators Predictive Nature: Leading indicators attempt to forecast future market movements rather than reflect current or past price actions. Sensitivity: These indicators are typically more sensitive to market movements, providing earlier signals but also having a higher likelihood of generating false signals. Early Signals: Provides traders with early warning signs of potential market reversals or trends. Decision Making: Helps traders to make proactive trading decisions, potentially capturing larger price movements. Limitations: False Signals: More prone to providing false signals compared to lagging indicators. What is a lagging indicator? A lagging indicator is a tool or metric that follows the price action of an asset and provides signals based on past data. These indicators do not predict future price movements but confirm trends and price patterns after they have already started. Traders use lagging indicators to identify the strength and direction of a trend, helping them make decisions about entering or exiting trades. Common Types of Lagging Indicators ⭐️Simple Moving Average (SMA) ⭐️Exponential Moving Average (EMA) ⭐️Bollinger Bands ⭐️Average Directional Index (ADX) ⭐️Parabolic SAR Characteristics of Lagging Indicators: Confirmation: They confirm trends after they have started, reducing the risk of false signals but potentially leading to delayed entry or exit points. Smoothing: They smooth out price data, making it easier to see the overall trend without being distracted by short-term volatility. Historical Data: They rely on past price data, which means they react to events after they have occurred. Limitations: Delay: They can lead to delayed entry and exit points, potentially causing traders to miss the optimal time to enter or exit a trade. Not Predictive: Since they are based on historical data, they do not predict future price movements but only confirm past trends. Leading Vs Lagging Indicators Consider the market as a car to understand the relationship between leading and lagging indicators. Leading indicators are your windshield (showing you where you are going), whereas lagging indicators are your side mirrors (displaying where you are coming from). Both indicators are essential to your driving. It is always tempting for traders to focus on leading indicators because they offer ideal entry points for maximum profits but are also prone to numerous false signals. On the other hand, despite lagging indicators limiting potential profits, they provide the much-needed conviction to enter trades in the market. Therefore, a will find a way to combine the two indicators in relevant market conditions effectively. ⭐️⭐️⭐️Final Word⭐️⭐️⭐️ Many traders use a combination of both leading and lagging indicators to enhance their trading strategies. For instance: Leading indicators can provide early entry and exit signals. Lagging indicators can confirm the validity and strength of those signals, reducing the chances of reacting to false signals. By integrating both types of indicators, traders can create a more robust trading strategy that balances early action with confirmation, improving overall trading effectiveness.
TVC:DJIEducation
by globuscapitas
2
Crypto Total Market Cap Analysis- The next wave for crypto Total Marketcap is going to be huge and parabolic - It will be very important to see how the market reacts from zone and whether it can hold the level of 2.1 Trillion or not - New Highs for the total market cap is programmed anyways but its crucial to understand how the reaction will be from the current price action - Altcoins are currently sitting at a very nice zone and I still think accumulating Alts here will be very profitable and helpful - Make sure that you are accumulating good Altcoins, Bitcoin, and Ethereum in Spot.
CRYPTOCAP:TOTALLong
by VKtradesimbalance
2
GBPUSD bulls jostle with key upside hurdles within rising wedgeGBPUSD struggles to extend the biggest weekly gains since early March while confronting a five-week-old horizontal resistance area surrounding 1.2700-2710 early Monday. In doing so, the Pound Sterling takes clues from the overbought RSI (14) and the sluggish MACD signals while hovering near the upper end of the one-month-old rising wedge bearish chart formation. It’s worth noting that the pair’s upside clearance of 1.2710 won’t be an open invitation to the Cable buyers as the stated wedge’s top-line surrounding 1.2720 will test the upside momentum. Following that, the quote’s advances toward the late March high of near 1.2800 and then to the yearly peak of around 1.2895 can’t be ruled out. It’s worth mentioning, however, that the oscillators suggest a pullback in the GBPUSD price and hence a horizontal resistance area comprising the tops marked since early May, close to 1.2635-45, gains the market’s attention. In a case where the Cable prices drop beneath the 1.2635, the 50% Fibonacci retracement of March-April fall, surrounding the 1.2600 threshold, will lure the sellers. Above all, a convergence of the 200-bar Exponential Moving Average (EMA) and the aforementioned rising wedge’s lower line, close to 1.2565-60, appears a tough nut to crack for the pair sellers, a break of which will confirm the bearish chart pattern suggesting a theoretical fall targeting the area surrounding mid-1.2100s. In summary, the GBPUSD pair will likely witness a pullback in the prices but the bears need validation from the 1.2565-60 and the UK inflation/PMI data.
by MTradingGlobal
2
BANKNIFTY Intraday Trade Setup For 17 May 2024BANKNIFTY Intraday Trade Setup For 17 May 2024 Bullish- Above 48070 Invalid-Below 47960 T- 48665 Buy_2- From 47650 Invalid- Below 47540 T- 48100+ BANKNIFTY has closed on a bullish note with 0.61% gain today. It was just too volatile the whole day. Twice it got sold into with a deep pullback. Index gave a sharp recovery and closed near day high. It has formed a Pin-bar candle in daily TF, above today's high we can expect good up move towards 48665. Index may find intra support near 47650 zone. We will maintain bullish view tomorrow but with TSL in 5 MIN TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48070 then we will long for the target of 48665. 2nd buy can be done from 47650 zone. T- 48100+. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
6