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Gold Hot Streak: What’s Next This Week?The price has been climbing steadily, breaking through multiple levels, and it looks like it’s riding an ascending trendline on H4 (that green line sloping upward). However, around February 11,14 and 21st, there’s a noticeable pullback or consolidation phase, with the price forming a small range before shooting up again. This suggests buyers stepped in at a key support area, pushing the price higher. As of today, February 24, 2025, gold is looking pretty strong again, but we’re at a critical juncture. The price is sitting just above the daily open at 2940, still trading under PWH which is Immediate resistance,. Here’s what I think could play out this week: If Bulls Stay in Control: If the price holds above 2940 and breaks R1 (2967.882), we could see a strong move toward 3000 (R2). If Bears Step In: If the price fails to hold above 2940 and drops below the ascending trendline (around 2940 or under Weekly Pivot P, Watch Price action at Pivot P for this week ), we might see a pullback to S1 (2,891) or even deeper to S2 (2847). The recent overextension after the big move up could attract sellers looking to take profits or short the market. I was expecting a pullback from Last week, and chances of pullback is still here and gold can re start the bull run within 6-7 Trading day (During this period a consolidation or correction chances are there) Overall gold is still bullish and as discussed in last week posts and I am still holding buy trade on both gold and silver , If Gold pullback and 2900 I will take some percentage of profit from both gold and silver.
OANDA:XAUUSD
by TheGoldenCircle
4
The Ascending Triangle Pattern: A Bullish Continuation GuideHello Traders! In today's post, we’ll explore the Ascending Triangle Pattern , one of the most reliable bullish continuation patterns that traders look for during uptrends . It’s an important tool for identifying potential breakout points in trending markets. If you want to learn how to trade these breakouts effectively, mastering the Ascending Triangle is essential. Chart Pattern: The Ascending Triangle is a strong bullish continuation pattern. In the case of ASIAN PAINTS LTD , we see the price action forming a flat resistance at the top and a rising upward sloping support at the bottom, indicating that the bulls are gradually taking control of the stock. Key Points to Note: The stock is respecting the flat resistance , which has been tested multiple times (marked by the red circles). The upward sloping support is strengthening with each new low, showing growing buying pressure. The price has recently broken out above the resistance , confirming the breakout pattern. Trading Strategy: Entry Point : Once the price breaks the resistance level, consider entering at 1,172.45 . Stop Loss : Set your stop loss just below the upward sloping support at 1,151.25 to manage risk. Profit Target : The ideal target after the breakout is approximately 1,261.65 , which is calculated by measuring the height of the triangle and projecting it upward from the breakout point. Real-World Application: This is a bullish setup , and traders should keep an eye on volume confirmation post-breakout. A breakout with increased volume would make the setup even stronger. A price move towards the target of 1,261.65 would indicate a successful breakout trade. Risk Management: Ensure that you follow your stop loss at 1,151.25 to avoid unnecessary losses in case the breakout fails. Position size properly to align with your risk tolerance and the potential reward. What This Means for Traders: Bullish Setup : The ascending triangle signals that the bulls have control, and we expect the stock to continue higher. Watch for confirmation of the breakout and enter with confidence, but always be prepared with your stop loss. Conclusion: This ascending triangle is a classic pattern, and it offers a great opportunity for long traders . Keep an eye on the breakout, manage your risk, and this trade could potentially yield solid returns.
NSE:ASIANPAINTEducation
by TraderRahulPal
11
Asian Paints cmp 2257.60 by Weekly Chart viewKeep the stock on radar basis Support Zone been tested retested for probable upside breakout movement attempts Asian Paints cmp 2257.60 by Weekly Chart view - Support Zone at 2115 to 2210 Price Band - Gap Down Opening of 11-Nov-2025 will get a closure only on next upside - Weekly Support at 2115 > 1930 > 1685 with Resistance seen at 2430 > 2665 > 2855 - Stock has been trading within 2560 to ATH 3590 price band for 4+ years, unable to break this range - The stock has broken down from the price range but is attempting to reverse from the Support Zone - Volumes were more on Selling side indicative of consistent weakness for the stock but taking some stable ground around Support Zone by Weekly Chart
NSE:ASIANPAINT
by PIYUSHCHAVDA
8
Senores Pharma: Cup & Handle - Ready for Some Action?NSE:SENORES Senores Pharma is forming a potential cup and handle on the daily timeframe. A breakout attempt on Feb 6, 2025, failed to sustain above ₹607.35 as selling pressure came in second half. Now, the cup and handle pattern is progressing, making next week crucial. A close above ₹607.35 is the key level to watch for confirmation. Volumes are rising, with today's volume (Feb 21, 2025) nearly 5x yesterday's. The stock's resilience despite market pressure indicates strength. Cup and Handle pattern usually don't disappoint so would be interesting to watch. Senores Pharmaceuticals is a research-driven company focused on developing specialty pharmaceutical products for regulated markets. The company has shown impressive financial performance: Recent Financials (Q3 FY25): Net Sales: ₹106.4 crore (up 35% YoY from ₹78.7 crore in Q3 FY24) QoQ Performance: Increased from ₹104.4 crore in Q2 FY25 (up 1.92%) EBITDA: ₹29.1 crore (up 92% YoY) PAT: ₹17.2 crore (up 142% YoY from ₹7.1 crore in Q3 FY24) 9MFY25 Performance: Total Revenue: ₹288.1 crore (up 157% YoY from ₹112.1 crore in 9MFY24) PAT: ₹40.7 crore (up 162% YoY) Market Position : The stock has outperformed its sector and the broader Sensex, achieving consecutive gains over the past month and trading above multiple moving averages. Future Projections : Management anticipates a top-line growth of 50%-60% for FY26, with plans to launch five new products in the current quarter. Strategic Focus : Continued investment in R&D and infrastructure development is expected to enhance manufacturing capabilities and expand product offerings.
NSE:SENORESLong
by sandeshprabhu85
2
Japan 225 Index key date and expectations tomorrow + 3 daysJapan 225 index has been in sideways move from oct 2024 onwards. On a daily chart, 19th Feb 25 is a key date and another on 25th Feb 2025. In between there are 2 trading days, 20th and 21st. So we expect market to move up from tomorrow till 25th Feb. Possibly on 25th Index may gap up and come down or will make a lower low day close. Key dates : 19th ( today) and 25th ( after 2 trading days from today ) Expectation : we expect market to move up
TVC:NI225Long
by sudhannayak
3
Union Bank Date 20.02.2025 Union Bank (Weekly) Cmp 117.24 Technical Remarks : 1 Buy on breakout of handle + 23.6% of Fibonacci 2 100 is decent stoploss for swing traders & investors after breakout entry 3 Keep booking partial profits after every 3% rally from breakout 4 Wait for stock to close above handle on weekly basis Fundamental Remarks : Strengths 1 Company has a good Return on Equity (ROE) track record: 3 Years ROE 12.42%. 2 Good Capital Adequacy Ratio of 16.97%. 3The company has delivered good Profit growth of 67.47% over the past 3 years. Limitations 1 The bank has a very low ROA track record. Average ROA of 3 years is 0.72% 2 CASA Growth of -1.68% YoY, which is very low. 3 High Cost to income ratio of 46.42%. Regards, Ankur
NSE:UNIONBANKLong
by AnkurSingh
1
Bank nifty trades and targets for - 19/2/25Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trades. If we do trades in between these zones premium eating will happen and we end up seeing losses. Book profits every 100 points as we are getting very few trending moves. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades.
NSE:BANKNIFTY
by GOPISRI
1
ADANIENT Trade Setup | Educational Analysis Only📢 Disclaimer: This analysis is purely for educational purposes and not a recommendation to buy or sell. I share these ideas to help others learn; you should always do your own analysis before making any trading decisions. 📊✅ 📌 Market Overview & Trade Idea ADANIENT is seeing a potential reversal zone forming. Based on technical analysis: we can see a perfect ellipse has formed ✔️ Support Zone Identified – The price has reached a key level where it may reverse. ✔️ Potential Targets: 50% Target: ₹2,540.35 Final Target: ₹2,818.45 If the price respects the reversal zone, an uptrend might follow toward the targets. However, if it breaks below support, further downside is possible. 🔍 Find Your Own Entry Strategy! To maximize confidence in a trade, look for strong candlestick confirmation before entering. For me, a strong hammer candle with a long wick and shadow would be a reliable sign of a reversal. 📉➡️📈 💬 What’s your favorite entry confirmation? Drop your thoughts in the comments! ⬇️
NSE:ADANIENTLong
by deadly_zeke
7
ONGC - Did You Get Trapped in an Irregular Flat? – Elliott Wave I Told You So… The Market Whispers! Can You Hear Them? Back in April 2024, I warned you to be careful as the stock approached key resistance at 314, forming a Bearish Bat pattern with a Potential Reversal Zone (PRZ) between 300-275. The stock topped at 287, right at the edge of invalidation. Yet, if you got convinced of the rally above 300, then unfortunately, no one can help—but I did my job of warning you months in advance. This reminds me of BHEL, the stock we discussed a few days back. Let us talk about ONGC. The Irregular Flat structure caught many off guard. Did you get trapped? Because if the current wave unfolds impulsively, which it just started from the highs of 345, then welcome to reality! Warning Through Last Idea in April 2024 As shown in the chart snapshot, how Irregular Flats look has been illustrated next to the price chart. I have depicted the irregular path of flats that could unfold. This is how markets deceive, creating irregular structures that mislead traders. Elliott Wave calls this pattern an Irregular Flat—a trap that looks bullish before a sharp reversal wipes out weak hands. The Lesson? Patterns speak… if you listen carefully. I shared my insights long before the structure unfolded—and yet, if you got trapped, you now know why. Catch me later with another exciting idea of WaveTalks, Market Whispers! Can you hear them? 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.
NSE:ONGC
by WaveTalks
10
Bombay Burmah Trading Corp - Head & Shoulder Pattern & Retest!!Bombay Burmah had given breakout of Head & Shoulder pattern and now has entered retest zone on a monthly time frame. It is looking good and can move towards our targets as mentioned in the chart. Other factors: 1. Monthly Time frame set-up : Head & Shoulder Patter breakout and retest on a larger time frame is much stronger set-up. On a smaller time frame it can come down till support level given market conditions. 2. Stock price is taking EMA 20 as a support on MTF 3. Holds 50% in one of the largest FMCG Co. Britannia - FMCG sector should revive and should give tailwinds to this stock. 4. Hold many dimensional business and EPS is increasing on a YoY basis Keep this stock in your radar!! Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right Price !! Cheers!!!
NSE:BBTCLong
by Cleaneasycharts
2
NIFTY analysis based on Elliott Wave theoryNIFTY is looking like in wave (Z). Now, wave (Z) is always in 3 moves (ABC). If we take a look in 75 min chart of NIFTY, we may see wave (a) of wave (Z) finished on 12 Feb. The price is in wave B of wave (b) now. It looks like Zig-zag pattern is forming and it is observed most of the times that, Wave B of Zig-zag takes at least equal time of wave A. So we may assume that, wave (b) of Zig-zag will finish at least by 19 Feb near 50% to 61.8% And then we may expect a fall to form wave (c) of Zig-zag. This analysis is based on Elliott Wave theory and Fibonacci. This analysis is for educational purpose only.
NSE:NIFTY
by theprofityogi
19
ready to blast SBI CARDSRelative Strength Index (RSI) RSI Value: 58.34 Interpretation: The RSI indicates that the stock is in a neutral to slightly bullish territory. RSI values above 70 indicate an overbought condition, while values below 30 indicate an oversold condition. With a current RSI of 58.34, the stock is neither overbought nor oversold. Volume Recent Volume: 30.41 million Interpretation: The recent increase in volume suggests strong buying interest and higher trading activity. A significant increase in volume often indicates strong investor interest and can signal the strength of price movements. Key Support and Resistance Levels Support Levels: 647.95 INR (Highlighted support zone) Resistance Levels: 769.00 INR 806.45 INR 843.90 INR 900.05 INR Target 1: 1,055.80 INR Target 2: 1,166.65 INR Target 3: 1,307.90 INR Trend Analysis Trendline: The chart shows a descending trendline from point 'b' to point 'c', which has been recently broken with the latest candlestick moving above the trendline. This breakout indicates a potential reversal of the previous downtrend. Candlestick Patterns: The recent candlestick shows a significant upward movement with a closing price of 859.00 INR, up by 80.80 INR (+10.38%). Summary The stock has recently broken above several resistance levels (769.00 INR, 806.45 INR, and 843.90 INR) and is approaching the next resistance at 900.05 INR. The RSI value suggests a neutral to slightly bullish stance, and the increase in volume indicates strong investor interest. The breakout above the descending trendline indicates a potential reversal of the previous downtrend. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. I am not a SEBI registered analyst. Please consult with a certified financial advisor before making any investment decisions.
NSE:SBICARDLong
by TechnicalAnalystSucrit
5
ONGC : Is oil Going to burn? Technical View Box trading strategy in which you identify a stock consolidating for couple of days and trade in the direction of the breakout. In case of ONGC the stock was consolidating for about three days before breaking out earlier today. PRO TIP Use the High of the candle as your stop loss and trail it to either protect profits or hold your trade for longer duration. Target 227 Intra-day Target Fundamentals Weak Q3FY25 Results: ONGC's consolidated net profit attributable to owners declined by 19.4% to ₹8,621.69 crore in Q3 FY25, compared to ₹10,703.13 crore in the same period last year. This drop was attributed to lower global crude prices. The company reported a 6.9% decrease in net profit for the quarter, standing at ₹9,784 crore, down from ₹10,511 crore in the same period last year. ONGC's gross revenue also showed a slight decline of 0.7%, falling to ₹1.66 trillion in Q3 FY25, compared to ₹1.67 trillion in Q3 FY241. The company's revenue from operations also saw a decline, reaching ₹166,096.68 crore. Bearish Trend: The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which indicates a bearish trend in its short to long-term performance. Brokerage Views: CLSA has cut its FY25 EPS estimate by 5% due to cautious outlooks on the company's production and profitability Not an investment advice
NSE:ONGCShort
by REUBEN_EUSTACE
2
Nifty about to TRAP longs... Bullish? Think AGAIN!Hello traders! I'm looking at equal lows/sellside as the draw. My narrative is that we would take out any longs remaining with BUYSIDE at 23144.70 . If we gap up above buyside, which is what I expect, it would be an easy day for shorts. If we gap down, we may see a rush up to buyside and then take the move forward to SELLSIDE at 22786.90 . But whatever the gap scenario is, my draw remains towards 22786.90... GLGT! Not financial advice.
NSE:NIFTYShort
by SatyajeetPSahai
1
ABFRL - Expecting more fall from this point nowAs expected & explained in my Jan 22nd analysis that stock would not go upside beyond 288 It tried twice but finally resisted and fell And while falling it now broke important support area near 260-62 So now when its pulling back, it is expected to repeat previous pattern and resist the area of 260 - 62 As it is now the new resistance as well as the flip zone, so the changes are very high Downside 1st stop can be expected at 250 at the least, further will update, when time arrives
NSE:ABFRLShort
by Vishy5
1
Nifty Intraday Analysis for 12th February 2025NSE:NIFTY Index closed near 23070 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 99.23 Lakh 23400 Strike – 79.45 Lakh 23300 Strike – 71.23 Lakh Put Writing 22500 Strike – 91.19 Lakh 22700 Strike – 84.36 Lakh 22800 Strike – 61.43 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23450 - 23500 range. Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22650 – 22600 range.
NSE:NIFTY
by RKMAURYA
11
EURJPY - TRADING AT DEMAND ZONESymbol - EURJPY EURJPY is currently trading within a important support zone. This level has acted as a solid base for price action, offering stability to the currency pair and providing key support for the ongoing trend. At current market price (CMP 156.50), EURJPY presents a promising opportunity to initiate long positions. The current price level aligns well for potential upward movement, making it a favorable entry point for traders looking to take advantage of the prevailing trend. However, it is crucial to monitor certain levels for any signs of trend reversal. A breakdown below the 155.25 area could trigger additional selling pressure, and a sustained move below 155.00 would confirm a shift from a bullish to a bearish market structure. In such a case, a retest of the breakdown zone could offer a good opportunity for short positions. Conversely, if EURJPY continues to recover, we could see a push toward the 158.67 and 160.85 levels, which represent key resistance areas. A successful breakout above these levels would likely signal the continuation of the bullish trend, suggesting further upward momentum. Key Resistance Levels: 158.70, 159.90, 160.85 Key Support Levels: 156.00, 155.25
Long
by akshit_official
11
Is Tata Motors Ready for a Bullish Reversal?Timeframe: Daily Tata Motors (NSE) has been in an expanded flat correction pattern for the past 11 months. In this pattern, the highest high (HH) was 1179, and the lowest low (LL) was 683.2. Currently, the price is trading below the 200, 100, and 50 EMA levels, indicating a bearish trend. In this expanded flat correction: Wave (A) completed at 855.4, Wave (B) peaked at 1179, Sub-wave 4 of Wave (C) touched 786.65, Sub-wave 5 is now unfolding. Once Wave 5 is completed, traders can look for buying opportunities with target levels at 799 – 951 – 1050+. First, it’s crucial to identify the end of Wave (C) to confirm the correction’s completion and a bullish reversal. Projecting ending point of wave (C): Wave (C) may end at 2.618% of Wave (A) around 628.7. Wave 5 has multiple potential targets/support levels: 0.618 extension of Wave 1 at 526, 0.382 extension of Wave 1 at 628, 1.618 reverse Fibonacci of Wave 4 at 657, 2.618 reverse Fibonacci of Wave 4 at 562. We will update further information soon.
NSE:TATAMOTORS
by forextidings
14
#SAIL#SAIL has corrected about 40% from recent swing high and currently trading near 61.8% retracement zone + weekly 200 ema and parallel channel support confluence zone. On weekly tf, it is probably trying to make a double bottom. Historidally, when it gave a breakdown below weekly 200 ema and unable to sustain above it, it continued to underperform for almost 8-10 years but now it is probably trying to take support around it. Also, RSI is making HLs off late, which is probably a good sign. In terms of R:R, this is currently a good bet on long side. As usual, DYOR and this isn't a Buy or Sell reco - but just an educational purpose post
NSE:SAIL
by aktradelearning
3
Jubilant Food Breakout📈 Jubilant Foods: On the Verge of a Major Breakout! After nearly 4 years of consolidation (from November 2021 to January 2025), Jubilant Foods is showing strong signs of a potential breakout. The formation of a classic Reverse Head and Shoulders pattern on the charts strengthens this bullish outlook. Additionally, there's been a noticeable decline in public shareholding, indicating potential accumulation by strategic investors or institutions — a factor that often precedes strong market movements. If this breakout materializes, it could unlock significant upside potential. Based on my analysis, I foresee promising returns ahead. What are your thoughts? Have you spotted similar patterns or trends in other stocks recently? Let's discuss!
NSE:JUBLFOODLong
by akashmishra448
2
EUR/USD Daily Chart Analysis – Smart Money Perspective Current Market Bias: Bearish The price action indicates that the overall structure remains bearish, with lower highs and lower lows being formed. Despite recent bullish retracements, the price has failed to break key resistance levels, signaling that sellers remain in control. Key Areas on the Chart: 1. Order Block (OB) & Fair Value Gap (FVG) Zone: • The highlighted gray zone represents an order block (OB), which is a supply area where institutions likely placed large sell orders. • The presence of a fair value gap (FVG) within this zone indicates an inefficiency in price, making it a strong area for potential reversals. • Price recently tapped into this area and reacted downward, confirming bearish momentum. 2. Liquidity Grab Possibility: • The lower dashed line represents a previous swing low, where liquidity (stop-loss orders) is likely resting. • Smart Money often seeks liquidity before reversing or continuing trends. • There is a high probability that price will sweep this low before any potential bullish move occurs. 3. Market Structure Shift for a Bullish Setup: • Although the bias remains bearish, a market structure shift (MSS) is required before considering any long (buy) setups. • A key level to watch is 1.05351, where a break above could signal a reversal. • Until then, selling pressure is likely to dominate. Conclusion & Trade Plan: • Bearish bias remains active. • Price might sweep the previous low to grab liquidity before a potential reversal. • A confirmed market structure shift above 1.05351 is required for bullish confirmation. • Until that happens, traders should focus on shorting opportunities near supply zones or order blocks. Final Thought: By following Smart Money Concepts (SMC), traders can align their trades with institutional movements. Patience is key—wait for confirmations before entering positions. Keep an eye on liquidity sweeps and market structure shifts for the best trade setups.
Short
by Trade_lyst
5