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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
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
ASTRAL LTD AnalysisFOR LEARNING PURPOSE ASTRAL LTD - The current price of ASTRAL LTD is 2158.65 rupees I am going to buy this stock because of the reasons as follows- 1. Its coming out from a good consolidation base 2. The breakout candle is good with good volume 3. Its making a ATH by going sideways for some good time after trying and failing many times. 4. It is showing better relative strength as it stood strong in volatile times 5. The risk and reward is favourable 6. This stock has underperformed in last few years but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks I am going to buy this on Monday with minimum target of 35-40% and then will trail after that. My SL is at 1930 rupees I will be managing my risk.
NSE:ASTRALLong
by Its_Bhushan
1
Tata Power: Solar Power Play with Short-Term Headwinds Government Tailwinds for Solar The Indian government's PM Surya Ghar Yojana scheme presents a significant opportunity for Tata Power. This ambitious plan aims to install rooftop solar panels in 1 crore homes, creating a massive demand for solar modules (25-30 GW). Tata Power's Strategy to Capture the Opportunity The company plans to capture a significant portion (5-6 GW) of this demand, translating to a potential business opportunity worth Rs. 8,350 - 10,000 crore over the next 3 years. To achieve this, they aim to increase their market share from 13% to 20%. They're building a solar cell and module manufacturing unit in Tamil Nadu to meet the expected surge in demand. Leveraging their existing network, Tata Power also plans to double its channel partners to ensure wider distribution. Short-Term Headwinds Despite the long-term opportunity, Tata Power's recent Q4 results missed analyst expectations. This might lead to a temporary dip in the stock price. Potential Buying Opportunity A "buy on dip" strategy with a 2-3 year holding period could be considered. The current support level is around Rs. 395-400. A break below this could see the next entry point at Rs. 380. Important Disclaimer This is not financial advice. Please do your own research before making any investment decisions. Consider consulting a financial advisor for personalized recommendations.
NSE:TATAPOWERLong
by donjacob81
4
#Banknifty Directions and Levels for May 10th.Bank Nifty has the same sentiment. Even though if it opens with a gap-up, it won't sustain. So, if the market declines initially, then we can expect correction continuation with minor pullbacks, which may reach a minimum of 47129 to the demand zone. The alternate variation is the same as with Nifty. If the gap-up sustains, it may reject around 23%. After that, if it breaks, it may reach a minimum of Fibonacci level 38 to 50%. However, if it rejects there(23%), then it may lead to a range market to correction."
NSE:BANKNIFTY
by Manickamtraders
6
Comex Copper = Explosive Nifty to Unfold in 2024 ?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? ----------------------------------------------------------------------------------------------- Copper Outlook --------------------------- 1. Setting the Stage for Explosive Moves: - Copper is recognized as a barometer of economic growth, and its performance can provide insights into broader market movements. - In January 2023, I predicted copper would see explosive growth in 2023-2024. This was confirmed in November 2023 when the corrective wave 2 completed in a truncated wedge pattern, providing a strong foundation for significant gains. Comex Copper in Nov 2023 ( Explosive Wave to Unfold Next?) --------------------------------------------------------------------------- 2. Rising Demand: - Copper cathode demand reached 598,000 tonnes (81.2% of the previous year's total) by November 2023. - Imports of copper cathode, scrap, and wire rods soared by 174%, 56%, and 13% year-on-year, respectively. - This robust demand hints at double-digit growth in FY24. The Indian government's focus on infrastructure, clean energy, and consumer spending is expected to sustain this growth. 3. Production Challenges and Future Solutions: - India's smelting capacity was halved due to facility closures, turning the nation from a net exporter to a significant importer. - The upcoming Adani smelter (5 lakh tonnes capacity) and potential reopening of the Sterlite smelter in 2024 could help India reclaim its status as a net copper exporter. Nifty / BankNifty Outlook ------------------------------------- 1. Explosive Moves Expected: - The Nifty index started forming a well know rising pattern around the 18,800-19,000 zone in October to November 2023, suggesting a significant move ahead. This famous pattern was rising wedge. - This pattern was debated on WaveTalks as either an ending or leading diagonal, offering different implications for future market moves. 2. Elliott Wave Analysis Insights: - Applying Elliott Wave Analysis gave clarity to potential market paths, allowing for strategic decisions at tops and bottoms. - As patterns unfolded as expected for Copper, the market outlook became increasingly clear for equities as Copper is a barometer of economic growth. 3. Conclusion: - The Indian equity markets, particularly Nifty and BankNifty, appear set for more explosive moves. - Time will reveal how far the markets can go, but the whispers of the market suggest significant growth ahead. Signing off from WaveTalks: Market Whispers! Can you hear them? From WaveTalks Abhishek
COMEX:HG1!Long
by WaveTalks
18
Asian Paint Stock Weekly Analysis NSE:ASIANPAINT stock near demand zone and also near 200 EMA. From this level we can expect a reversal, if this zone break then we can see a huge downfall. On RSI stock is also all time support zone from the last 25 year from this zone we can witness the reversal on the RSI indicator, so on RSI we can also expect reversal from the upcoming months. After Quarterly result we can expect upside movement in stock(only if it sustain above demand zone and give the strong closing above the mentioned zone) This stock had a tendency it always the break the support zone(always Hit the SL) and after that gives the strong reversal so even now we can expect the same behavior.
NSE:ASIANPAINT
by Equalbucks
5
IREDA NEAR BREAK OUT OF VCPIREDA Rally - Base - Rally price action 1.First Rally, then forming Base in the VCP pattern (Volatility contraction) & then again expected Rally after break out of the neck line. 2. Close above previous day High(170.4) 3. Close above last week High(169.7) 4. Close above last month High(163.7) 4. High increase in 1 month (+21.2%) 8. Promoter holding 75.00% 9. Pledged percentage 0.00 % 10. Change in Prom Hold 0.00% 11. FII holding 1.36% 12. Chg in FII Hold -0.52 % 13. DII holding 0.94 % 14. Chg in DII Hold -3.43 % 15. Stock PE 36.6 16. Industry PE 17.1 17. ROCE 9.35 % 18. ROE 17.3 % For Educational Purpose Only
NSE:IREDA
by Sachin_Lokchandani
2