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ETH/USD | Short Setup at 288‐Period EMA ConfluenceEthereum has been grinding higher into a well‑defined supply zone between $1,625 – $1,635, which also coincides with the 288‑hour EMA (currently ≈1,623). This area has acted as resistance on multiple occasions, making it a prime spot for a short entry on signs of rejection (bearish engulf, high‑volume wick, etc.). Our initial profit target is the demand region around $1,555 – $1,565, where buyers have previously stepped in, with a conservative stop placed just above the EMA/supply zone. A clean turn lower from here could carry price all the way back to the key support at $1,547. Watch for increasing selling volume and a rejection candle before committing. Good risk‑reward and clear levels make this an attractive opportunity.
BITSTAMP:ETHUSDShort
by Hiteshmule
2
COAL INDIA - Levels1. Trend Analysis The stock (Coal India Ltd) had a strong uptrend from mid-2023 to early 2024. However, since reaching a peak around 544 INR, it has been in a clear downtrend, making lower highs and lower lows. Currently, the stock is consolidating around the Fibonacci 0.618 level (348.50 INR), which is a crucial support level. 2. Fibonacci Retracement Levels The stock has retraced from its peak and is now hovering near the 0.618 Fibonacci retracement level (348.50 INR). If this level holds, there could be a possible bounce. If the price breaks below 348 INR, the next key support is at 0.786 Fibonacci level (295.35 INR). 3. Exponential Moving Averages (EMA) The stock is trading below both short-term and long-term EMAs, indicating bearish momentum. The short-term EMA (red line) is sloping downward, reinforcing the ongoing selling pressure. The longer-term EMA (blue line) is far below the price, acting as major support in the 300-320 INR zone. 4. Volume Analysis The volume bars indicate declining interest, with some spikes during down moves, suggesting distribution. If a reversal is to happen, it needs strong buying volume confirmation. Conclusion Bearish Bias: The stock is in a downtrend and trading below key EMAs. Support Levels: Watch 348 INR (0.618 Fibonacci) and 295 INR (0.786 Fibonacci). Resistance Levels: If the stock bounces, first resistance is at 385 INR (0.5 Fibonacci) and stronger resistance near 423 INR (0.382 Fibonacci). Watch for Volume: A bullish reversal needs an increase in volume near support. Entry and Exit Points for Coal India Ltd Entry Points (Buying) Near 348 INR (0.618 Fibonacci level) If the price holds above 348 INR and shows bullish price action (strong green candle, bullish engulfing, or a hammer pattern). Confirmation with increased volume is necessary. Stop-loss: Below 340 INR to limit downside risk. If the price drops to 295 INR (0.786 Fibonacci level) This is a stronger support level where the stock could find buyers. Watch for bullish reversal signals and volume confirmation. Stop-loss: Below 285 INR if support fails. Exit Points (Selling) First Resistance: 385 INR (0.5 Fibonacci level) Partial profit booking if the stock bounces from current levels. Second Resistance: 423 INR (0.382 Fibonacci level) Stronger resistance level, suitable for further profit-taking if momentum sustains. 469 INR (0.236 Fibonacci level) – Longer-term target If the stock enters a full uptrend again, this could be a potential higher target. Risk-Reward Setup Buying near 348 INR with a target of 385 INR gives a risk-reward ratio of approximately 1:2. If entering around 295 INR, a move back to 348 INR provides a higher risk-reward setup.
NSE:COALINDIALong
by PowerOfTA
TNPL: A 20% Potential GainFollowing a prolonged downtrend lasting six months, TNPL has successfully closed above both the 20-day and 50-day EMAs. This deviation from the recent trend, coupled with a noticeable increase in trading volume observed on the daily chart, signals a potential reversal in market sentiment. Based on historical analysis, a closing price above the 50-day EMA typically indicates strong bullish potential, especially when the 50-day EMA is below both the 100-day and 200-day EMAs. In such scenarios, it is not uncommon for stocks to experience upward movements of approximately 20% . Current market conditions for TNPL appear favorable at the CMP . My analysis suggests that the next resistance level is positioned at approximately 240 . For risk management purposes, I recommend setting a stop-loss around 171 to protect against potential downside risk. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
NSE:TNPLLong
by NiftyNotions
Entry at SupportThis trade is based on Exponential Moving Average (9 &15) considered in the Weekly Time Frame. A trade can start at the current level (Entry between 795 to 780). Maximum risk to be considered is 5% to 6%. However a strong Candle closing below 740 level will indicate EXIT from the trade. The stock can show upward movement as below: 1) 1st Target is 20% from current level 2) 2nd Target is 30% from current level 3) 4th Target is 50% from current level . **All targets to be observed in Weekly time frame**
NSE:EMSLIMITEDLong
by umangkrmahato
Detailed Technical Analysis of SJVN LTDKey Observations: 1. Trendline Support: The stock is rebounding from a major trendline support, which also aligns with the support of an upward channel pattern. 2. Volume Activity: There is notable volume action, with current trading volumes being 4-5 times higher than typical daily volumes, indicating strong buying interest. 3. Relative Strength Index (RSI): The RSI is approaching its upper boundary/resistance while the stock price continues to perform well with high volumes. 4. 50-Day Exponential Moving Average (EMA): The stock has decisively bounced off its major support at the 50EMA. Entry point : An entry point around 140 offers a favorable risk-reward ratio. Targets: Target 1: 150, which is the next resistance level. Target 2: 160, near the all-time high (ATH) zone.
NSE:SJVNLong
by saikrishna9999
Data Patterns, a defence and aerospace proxy ready to move?-In a very long base, last time it breakout long base gave 80% move in just 20 days. (always read history of stock how it move, how to form base, how it react to moving averages, how volumes come etc etc) -from strong sector (sector is always imp as strong sector's stocks move faster) -Good shakeout and Fake-out also there means kicking weak players by hunting their SLs (stoplosses) -Inside Bar on latest candle -Volatility contraction
NSE:DATAPATTNSLong
by takmanish007
Thomas Cook, one simple horizontal line setupTraveling is booming in India post covid. And travel companies are enjoying this piece of pie. -Posted growth YoY EPS growth, OPM% also improving. -Near Major resistance, under which it is consolidating for 50 days (good consolidation) -Good Shakeout, when price went below major ema (here 21 dema) and rally back (also known as MAU&R: Moving Avg Undercut and Rally) -Tightness near resisantance. -Signal Candle (5th n 7th June candles are white dot, which is more than 5% move with 1M vol) suggesting big players are buying. Retailer buyers cant create such volumes. If it breaks this resistance level. with good vol (basically more than 10 day avg) then can expect good move. No buy/sell recommendations.
NSE:THOMASCOOKLong
by takmanish007
Strides Pharma, Star setup about to breakoutOne Simple Horizontal Line Setup -Posted great growth results, everything is improving. -Pharma sector seems strong as it is also near breakout zone. -That red wick on election results day seems so good, fell with market but cop up fast and took support at 200 ema n come back in good zone again and, Good shakeout of 100 ema too. -Yesterday gave squat too (went above horizontal line and close below, taking out weak players) Overall good setup and a strong stock, buying above previous day high (pdh) Note: no buy/sell recommendations at all.
NSE:STARLong
by takmanish007
FSN with YoY growth results, ready for Stage 2?FSN posted good YoY results with expanding offline too, this can be super combo: online(e-com) + offline for the future growth for the company. -right now, setup is in stage 1 but in uptrend so VCP concept can apply VCP : 20W-30/2-4Ts (Contraction for 20 weeks, contracting from 30% to ~2% n total contraction 4 times) -check Red Arrows how supply is flushing with every fall (Flushing of supply is imp for stock to blast) Green Vol > Red Vol -DTL BO: Down Trendline Breakout (Orange Circles), its forth time stock is testing this TL. N every time go up there with good volume. -Moving Avg: are pointy upwards (10, 21, 50 emas) -50 ema MAU&R (Moving Average Undercut n Rally) a GOOD Shakeout, read about it from here: OwlTraders Glossary (cant share link, will comment) Overall, liking this setup. But one should wait for confirmation of stage 2 too, if stock move good from here n form a base then its a kinda confirmation.
NSE:NYKAALong
by takmanish007
ICT-3 ICT concepts coupled with price action 575 was the best entry as it formed a FVG after a MSS and sell side liquidity was taken out. Au bank released its earnings and although profits fell, NPA,GPA were down as well showing strong management. NII was up 10% which is another major sign and it beat estimates. Technical signals Bullish flag with a bullish engulfing candle which is validated by volume and on the 50ema couples with ICT also trading makes it a high probability set up. Keep It Simple
NSE:AUBANKLong
by Krish_Kohal
4
Biocon-An underperforming pharma stockBiocon is among few stocks which did not participate in Pharma bull run. However stock has recently given a big volume bounce from its demand zone. 295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA. 1st breakouts are normally traps so use pyramiding to save your capital. If stock posts good results , we might see good move in stock. Keep your eyes stuck on this if you like support bounce trades.
NSE:BIOCONLong
by chartistamey
Godrej Industries: Seeding Prosperity in Every Chart 📊🌿Asset: Godrej Industries (GODREJIND) Timeframe: Weekly and Daily Technical Analysis: Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term. Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for GODREJIND. 50 EMA (Exponential Moving Average): The 50 EMA is demonstrating strength, signaling a readiness for an upward movement. Trade Rationale: The technical analysis on both weekly and daily timeframes aligns with a bullish sentiment. Consideration of the sector's strength and market cap adds confidence to the trade, expecting favorable market conditions for GODREJIND. GODREJIND is currently in a demand zone, providing additional support for a potential upward movement. The 50 EMA acts as a supportive indicator, indicating potential strength for an upward trajectory. Trade Parameters: Entry Point: Within GODREJIND's demand zone. Stop-Loss: Set at a level that respects the demand zone and ensures effective risk management. Take-Profit: Targeting a conservative upward movement of 20% to 50%. Exit Strategy: Consider exiting the trade if there are significant shifts in broader market conditions or if the original technical analysis signals are invalidated. Risk Management: It's essential to manage risk effectively. Consider position sizing and ensure that the risk-reward ratio aligns with your trading strategy. Disclaimer: This is not financial advice. The post is for educational purposes only. Please do your own research and consider your risk tolerance before making any trading decisions.
NSE:GODREJINDLong
by nidinsree