Jewelry breaking outJewelry stocks breaking out. Titan, Kalyan Jewelers, Goldiam International are the favorite stocks. Weekly chart RSI has also broken out
Fibonacci
Likhitha infrastructure flag breakoutLikhitha infrastructure after negating Head & shoulder pattern is set to make flag breakout with 60% rising potential.
Cyient Flag breakoutFed is set to lower interest rates next month which benefits IT. Cyient has made flag breakout and has 85% potential
1672 is DOUBLE SUPPORT Level (23/08/24)Torrent Power is at a dilemma level, if it goes down from here it may get a weak support at 1602 and a strong support at 1530.
But since the 1672 level has double support, 1900 level is not far away, I guess.
Early Stages of VCP Pattern for Phoenix MillsIt is very early to predict the pattern, and idea may go various ways, but Fibonacci level support are there so chances are very strong. 2-3% SL is a very good idea.
FYI: This is not an Investment idea, just trying to capture early VCP Pattern
Gold to continue the Bullishness As mentioned in previous Analysis, support taken from 2370
If Gold sustains above 2450 2500
Short term 2700 could be tested
Longer term 3000 could be tested
Rationale:
Support taken from
1. Fib 0.23 retracement of the rally from 1986 to 2450
2. DEMA 50
Bullish Flag Breakout
#XAUUSD/H1 Weekend trading trends. Opportunities and risks ?Forecast for 8/23/2024:
Gold is expected to continue its correction, with a high likelihood of further adjustment. Frame D has shown a reversal, presenting an opportunity for short selling and preparing for a strong rise after the completion of gold's momentum.
The trading trend for today is SELL.
Key price levels to watch:
SELL zones: 2497 - 2500 and 2508 - 2511. BUY zones: 2473 - 2476 and 2450 - 2454.
Recommended orders:
Plan 1: SELL XAUUSD zone 2497 - 2499
SL 2503
TP 2494 - 2485 - 2475 - 2450.
Plan 2: SELL XAUUSD zone 2509 - 2511
SL 2515
TP 2500 - 2490 - 2480 - 2450.
Plan 3: BUY XAUUSD zone 2473 - 2475
SL 2469
TP 2480 - 2490 - 2495.
IDFC FIRST BANK at SupportIt is taking support exactly previous resistance. Support is 69 and Resistance is 100. Fibonacci Retracement indicator is also giving support to 69
Is it still possible to adjust to 2435 and 2450 beats per minuteAnalysis of the gold trend in the Europe - America session on August 22, 2024:
The analysis from yesterday was completely accurate as gold has confirmed the current peak at 2531. The deep correction trend continues, albeit slowly, due to political situations and investor sentiment. Today, there will be news affecting USD and GOLD, leading to the possibility of establishing new peaks before further adjustments.
The trading trend for today is SELL.
Key price areas to watch:
SELL zone: 2517 - 2523, 2525 - 2527, and 2538 - 2541.
BUY zone: 2500 - 2503 and 2494 - 2497.
Recommended orders:
Plan 1: SELL XAUUSD zone 2517 - 2519
SL 2523
TP 2514 - 2505 - 2495 - 2450.
Plan 2: SELL XAUUSD zone 2525 - 2527
SL 2531
TP 2520 - 2510 - 2500 - 2450.
Plan 3: BUY XAUUSD zone 2500 - 2502
SL 2496
TP 2507 - 2515 - 2520.
GAP filled! Now ready to REVERSE..?As we can see NIFTY has completely filled the pending gap exactly as analysed and now it can be seen trading around supply zone. Hence as long as NIFTY sustains above the yellow line, it remains bullish else we may see another sideways to negative market in coming trading sessions so plan your trades accordingly.
Stock Brokers BreakoutAngelone, shareindia securities, IIFL Sec, Icici securities, Motilal Oswal etc stocks are looking good.
Banknifty weekly expiry analysis for 21/08/2024.Banknfity has given a nice move on the upper side clearing the resistance zone of 50800 but reversed after testing the round levels of 51k.
The markets were looking bullish from the morning and even in the second half. The last hour selling has created a confusion about the market movement for tomorrow.
It has been respecting the resistance trendline and retested 38.2% fib levels.
Shorting opportunity in the market will trigger once the makret starts trading below 50550 levels.
If today's high is taken out by the market, a gap filling trade can be a possibility while testing the higher levels.
Major support levels :- 50550, 50250
Resistance levels :- 51000, 51260
Wait for the price action near the levels before entering the market.
Uflex -Retracement done Fibonnaci level-Price set to rise by 75%Uflex Ltd showing reversal. We can see price moving towards 810. Otherfactors:
1. Fibonacci retracement levels indicate key areas where a stock may reverse or stall. As per the same, once stock price move above 550, we can strongly say stock ready to move up strongly.
2. RSI showing bullishness
3. MACD is showing green showing bullishness
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
Zydus Wellness - Perfect rebound candidate!!!!Zydus Wellness is showing a strong reveral after a long 2 year consolidation. It has given a break-out and trading above important Fibonacci level. We may see price moving towards 2300-2500. Other factors:
1. Steady volumes during consolidation phase
2. RSI is above 60
3. MACD is positive
4. All above are on WTF showing strength
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!!
#XAUUSD/H1 Confirm the two-peak model or continue to increase?Gold XAUUSD analysis on August 20, 2024:
Following the start of the trading week on Monday, prices remain sideways in the 2500 - 2510 range. This correction phase is likely forming a double top pattern at H1; breaking through the 2477-2480 range would confirm the pattern. Currently, there is a small overbought area at 2508 - 2513.
Today's trading trend is SELL.
Key price levels to note:
SELL zone 2510 - 2516, 2526 - 2530;
BUY zone: 2490-2493, 2477 - 2482.
Recommended orders:
Plan 1: SELL XAUUSD zone 2514 - 2516
SL 2522
TP 2508 - 2500 - 2590 - 2435.
Plan 2: BUY XAUUSD zone 2490-2492
SL 2486
TP 2495 - 2500 - 2510.
Plan 3: BUY XAUUSD zone 2480 - 2482
SL 2476
TP 2488 - 2495 - 2510.
Bump n Run - A strong chart patternBump n Run are strong pattern
Nifty Bank is forming one
Volume: Need an exhaustion level volume for major down trend else cud be a 20% kinda pull back
Weekly view - PVRINOX - Aug 19, 2024"PVRINOX is consistently showing strength, trading near the higher end for several weeks. This could lead to a significant upside in the coming weeks."
Short in XAUUSD is comming?XAUUSD price fails to close above $1902. So a short is possible and it may drop to $1770
Moving up to Weekly 50% Fib. aka 180-200 zoneCVNA never fails to buy the damn dips
Weekly chart looks ready for a little lemon squeeze
Not financial advice. Data is showing 180-190 figures maybe for the end of this month or beginning of next
Good luck. I've been doing calls since $80 so I'm in with January and September expiry for a relaxed position trade.
IDEAFORGE- SWING SETUP for buying opportunityBased on SMC, we found a trend reversal with an imbalance got filled up into demand zone. Additionally on Fibonacci level, it has tapped into reversal zone. Will be looking for buying opportunity in lower timeframe with major high as target.
ZFCVINDIA 1: 10+ RR trade set up1. Trend: Bullish
2. Set up: Reversal from Fib levels
3. RR 1:10+
4. Strength strong
Bank Nifty Reversal Trade-Setup with Great RRBank Nifty is trading at big demand zone and and we see significant potential for an upside move for several reasons:
Reasons for Going Long in Bank Nifty:
1. Ichimoku Daily Cloud Bottom
2. Ichimoku Weekly KS Support
3. Bullish MACD Divergence on the 1-hour time frame
4. Completing Triple Correction—WXYXZ (considering a truncated scenario; otherwise, BN might aim for the 127% and 161.8% levels mentioned in the earlier post)
CMP: 49,718
Expected Targets: 51,300, 51,700
Stop Loss: 49,590
Disclaimer : We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Nifty50 weekly expiry analysis for14/08/24.Nifty is trading in a parallel channel and is around the support trendline. From the last week sell the markets recovered and are now again around the lower levels.
Daily 20 ema has been creating a resistance for the market and a good rejection is seen from that level.
Even on the smaller time frame, market is trading below the moving averages, which signifies a bearish market.
Fibonnaci and the price action are also looking bearish on the daily charts.
Tomorrow is the weekly expiry for both the indices and a chance of seeing a follow through candle are there, if there is a flat to slight gap up opening (around 24150-180).
A huge gap up will create confusion and market may form a doji candle.
Major support levels :- 24090, 24000, 24910
Resistance levels :- 24225, 24320
Wait for the price action near the levels before entering the market.
