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Jaiprakash Power(JPPOWER) Stock Targets 10.90 and 11.95The current price stands at 9.90. After conducting a three-week analysis, I've identified a promising trade opportunity for Jaiprakash Power Ventures Ltd (JPPOWER) stock. My evaluation indicates two potential profit targets: the first set at 10.90 and the second at 11.95. It's crucial to establish a clear stop-loss level to effectively manage risks. Trade Idea: Consider taking a long position on JPPOWER stock for a three-week period, with the first profit target set at 10.90 and the second at 11.95. Implement a well-defined stop-loss strategy to manage risks effectively. 1st Target --> 10.90 2nd Target --> 11.95 Best regards, Kambi
NSE:JPPOWERLong
by kambi123
3
My analysis on Dr Reddys chart ?From 20 trading sessions the price has been trading in a range of two important Fibonacci levels. Also the short-term and long-term ema's bands are flattened in the same range. So, currently there is no trend. For an uptrend the price has to breakout the level of 5700 and for a downtrend the price has to breakdown the level of 5400. For another confirmation of a trend after breakout or breakdown we have to check for the crossover of ema bands. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for education purposes only. Thanks S. Simranjit Singh Virdi
NSE:DRREDDY
by ssvirdi
Nifty Futures : Overall market positioning and important levels.Chart type : Heikin Ashi Time frame: Daily Tools Used: Fibonacci for levels. Heikin Ashi candles for momentum. Moving averages for the behavior of the price. Analysis: We have a series of continuous red HA candles which indicates the weakness in momentum. Also the price is trading below the first band of moving averages. The next important level to watch is 23.60% retracement level which is 19412 Thanks S. Simranjit Singh Virdi (Independent Trader)
NSE:NIFTY1!
by ssvirdi
HTF - GOLD - HAS LOST ITS SHINE?My analysis today deals with how the further course of our most popular precious metal "GOLD / XAU" could look like. For this I have carried out a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month - week - day) and thus makes the big picture visible. Normally, all time units below "1h" are called noise, but even a - 1h-4h - analysis is of no use to you, if the knowledge about the big and whole is missing. > We traders know that nobody can predict the future, and that's exactly why you have to be prepared for all initial situations. > If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets. > This creates dangers, but also opportunities - it is important to look at the big picture. > I have explained in detail which levels are RELEVANT in the following pages. . table of contents 1st part = INTRODUCTION 2nd part = TECHNICAL ANALYSIS = Monthly - Time frame = Weekly - Time frame = Dayly - Time frame 3rd part = CONCLUSION PART ONE "INTRODUCTION" After "XAU/USD" formed a double top between 2020-2022, a strong sell-off has been unleashed thereafter. > This sell-off paused in October this year to test the strength of it. > With a subsequent bullish monthly candle, many retail investors now feel on the safe side that new highs will be reached. > Here I do not want to take away the joy, but the big picture does not suggest anything like that. > Once you look at the DXY (USD index) on the higher timeframes, the following sell-off in gold is "indirectly" confirmed. (My DXY analysis is linked below this post, for confirmation purposes.) GOLD SAFE HARBOUR . If you follow popular wisdom, GOLD is classified as a safe and reliable haven. SPEAKING LIKE ... > "All that glitters is not gold." > "Talk is silver, silence is gold." > "Much gold, much future." That, the precious metal gold got such a high value awarded - HAD - its reasons. > Inflation protection and security - are definitely the two most associated words with this precious metal. Unfortunately, at the latest, since the year 2021, this no longer seems to apply. > If one compares the loss of inflation and the gain in value of gold, a significant gap can be seen, at which there can no longer be any talk of "inflation compensation". > Gold will therefore no longer live up to its reputation and a rethinking of its value will have to take place in the future. SECOND PART TECHNICAL ANALYSIS For the analysis of the higher time levels, I proceed according to the onion-skin principle. > MONTH - level > WEEK - level > DAY - level These are divided into > SUMMARY > CHARTS The charts are presented in logarithmic scaling, as the given information can be visually presented in a more harmonious way. 1st MONTH – Time frame SUMMARY The trend channel plotted on the chart formed in March|2007 and has since maintained its position as a legitimate trend channel. Its mid-trend line showed reactions when confronted and was respected by the market. > Price is in the area below the mean line and had last touched the channel in 2018. > September|2020 the price ran into the mid-line but was not strong enough. This becomes very clear when looking at the moving away middle line despite the "double top". > The trend arc is another resistance, which should be taken into account for a future downward movement. If we go into more detail about the "SUPPLY & DEMAND" zones, you can look at two zones in the chart. > The "SUPPLY" zone is VERY STRONG because it is a RBD (Rally Base Drop). > The "DEMAND" zone is VERY WEAK, as it is a DBD (Drop-Base-Drop). > If we get another rise in the DXY, the drawn "DEMAND" zone will break and the sell-off will continue. The Fibonacci retracements should serve us as additional confirmation, and have been proved in past moves (last decades) . > Should the price rise even further, FIB (1) will serve as a Strong Resistance Zone, although the "FIB Zone = 0.75-0.88 - is the Strongest Resistance. (1) > If the sell-off continues, FIB (2) cannot do much in the monthly chart, but if necessary there will be a reaction on the "smaller" time levels. > The FIB (3) = 1.618 level, will resemble a large magnet and in combination with the FIB (4), will trigger a large resistance reaction in the market. Past highs and lows usually serve as resistance / support, of which we have three. > HIGH | 08/20 - Already showed a reaction (double top). > HIGH | 09/11 - Point of Control > LOW | 03/21 - Broken and recaptured Points and levels of interest are in front of us, which have played a strong role for the market since 2011 . > The most significant resistance, represents the plotted - POI (1800 USD), which is still contested at the time of this analysis. > The other POIs have non-negligible resistance and support characteristics and should be kept in mind. CHARTS XAU - Overall picture XAU - Trend lines XAU - Supply & Demand ZONES + Market Structure Break XAU - Fibonacci XAU - POI ATTENTION In the following time levels, I will only deal with the NEW, added elements. . 2nd WEEK – Time frame SUMMARY In addition to the already mentioned trend channel, now three more become visible, which may have escaped the one or the other. > The "Purple" trend channel formed at the same time as its big brother (monthly channel) and thus represents a major significance for the market. We are at the middle line of the channel and the market seems to have used it as support. > The "Turquoise" trend channel accompanies us since the last high and has a big say with its many interactions. My guess is that its resistance line will decide whether the sell-off will continue or be broken with confirmation. > The "Earth-colored" trend channel is a small sideways accumulation and accompanies us in this area. Currently, the price has fought its way back into the channel, confirmed it and is now targeting the top of the sideways channel. > The "Orange colored" trend line , has been respected since 2018, 07|2022 broken. The price suggests that the trend line is approaching for a final retest. The additional "SUPPLY & DEMAND" zones join the two existing ones and remain untouched. As additional Fibonacci additions, we have: > The 0.88 FIB (1), combined with the levels from the FIB (2). This represents with the 0.88 levels from FIB (2) - two very relevant resistance ranges. > FIB (3) is only valid if the price does not rise further and therefore the input values do not change. Should this be the case, the 0.786 + 0.88 area is the most important to watch out for. CHARTS XAU - Overall picture XAU - Overall picture + Month XAU - Trend Channels + Trend Lines XAU - Supply & Demand ZONES XAU - Fibonacci ATTENTION In the following time levels, I will only deal with the NEW, added elements. . 3rd DAY – Time frame SUMMARY The chart shows a falling triangle which has been broken . > As a result, the price has confirmed this break, with a close at the break point. > At this time level, there will be a sell-off, especially if the DXY rises. To give a little comment on the "Supply & Demand" zones: > The upper two "SUPPLY" zones are definitely very strong. 1800 + 1980. > The bottom "DEMAND" zone is very strong, as it is a DBR (Drop-Base-Rally) zone. (ca. 1640 - ca. 1615) > The "DEMAND" zones in between are incidental, will trigger small reactions on the lower time frames, but nothing significant. (ca. 1760 - ca. 1660) CHARTS XAU - Overall picture + Month + Week XAU - Supply & Demand ZONES + Trend Lines THIRD PART CONCLUSION "The central banks, themselves, are behind the gold price manipulation. What should you get out of it?" Run this question through your head and let me know in the comments what you think is more likely. > Another sell-off or a positive gold price for now? In summary, based on technical analysis, there are a few reasons for a weak GOLD price . > If you look at the area between 1,950 USD - 1,840 USD, it almost seems like an arm guarding the upper levels. > To bring down this defense, I think, needs more momentum than what we have and are getting right now. (Christmas, New Year, Chinese New Year) For this reason, I expect a weak gold rate and a strong USD, and an accompanying bloodbath in the traditional and crypto markets. > Positioning after confirmation of this thesis = SHORT . If this idea and explanation has added value to you, I would be very happy to receive an evaluation of the idea. Thank you and happy trading!
OANDA:XAUUSDShort
by ZielIstDieAutarkie
#TITAN Weekly double bottomTitan after my previous sell signal (related idea section), and achieving the downside target is now making Weekly double bottom with a better elevated (green) trendline support from the previous one (brown), signifying bulls are much more active. Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to recent high made in Oct. On daily tf, price is consolidating near resistance / neckline of double bottom placed around 2545 and if it breaks out post good consolidation that would mean a significant rally on upside can come in this stock. It has previously given a falling trendline resistance breakout in July'22 and stock rallied for almost 30-35% from there on and similar falling trendline resistance breakout is visible now. Overall, the setup looks very strong and having a bullish bias in it. Keep it in radar
NSE:TITANLong
by aktradelearning
3
Elliott wave counts of USOIL and Fibonacci levels (up, down, up)Hello Friends, here we had shared possible Elliott wave counts of USOIL CRUDEOIL chart on hourly time frame, which is suggesting we are currently in impulse wave of some degree, in which we had completed (i)-(ii)-(iii)-(iv) and now possibly we are unfolding wave (v) of bigger degree wave 1, in this scenario we had seen that wave (iii) has been extended and clearly showing subdivisions inside it and also shown gap up as its nature, so we can assume that wave (v) can go up to equality of wave (i) which is showing price level of near $ 86.75, post completion of it, we can start retracement as a wave 2 in a-b-c pattern, that correction could get support at that same gap which we got gap up in wave (iii) so it can provide good support and as per Fibonacci measurements 50% retracement of entire rally also meets that same level of gap support which is pegged at $ 75.50, which can make that support more stronger. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Overall crude oil is looking bullish right now then little down to unfold wave 2 and then again up to unfold wave 3. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
TVC:USOIL
by RK_Chaarts
Ascending Traingle BreakoutGood Day, Hello Traders, Sansera is forming an Ascending Triangle. Keep 680 as Stop Loss one can go long for bigger targets Now the next targets lined up are 1006 and 1284 as per Fib Levels on Weekly Basis. Time Frame: Weekly Hold for 8 to 12 months. It also depends how market behaves, however the trend and the sentiment is bullish . Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:SANSERALong
by Piscean17th
USD - IS IT KEEPING THE UPPER HAND AFTER ALL?My today's analysis deals with the fact that it could coming to an end with the correcting, and a further rise in the DXY is in front of us. > We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations. > If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets. > This creates dangers, but also opportunities - it is important to look at the big picture. > Which levels are RELEVANT; I have explained in detail in the following pages. TABLE OF CONTENTS - 1. Part = DXY EXPLANATION - 2. Part = TECHNICAL ANALYSIS = Monthly - Time frame = Weekly - Time frame = Daily - Time frame - 3. Part = CONCLUSION FIRST PART “INTRODUCTION“ The "DXY" indicator entered on September 28 of this year, the first time since May 2021, in a downward correction. > On this day, I published an analysis, which dealt with a possible top in the DXY. > This forecast turned out to be a precision landing on the day and is to till now the TOP. (My analysis is linked below this post, for confirmation purposes.) To help you understand the relevance of the "DXY Index", let's take a closer look at it. The U.S. Dollar Index (DXY) is a ratio (index) that compares the value of the U.S. dollar using a basket of six currencies. > EUR = 57,6 % > JPY = 13,6 % > GBP = 11,9 % > CAD = 9,1 % > SEK = 4,2 % > CHF = 3,6 % EXPLANATION DXY > RISE One of the currency pairs falls > Pressure on other currency pairs increases = Chain reaction = All currency pairs fall DXY < FALL One of the currency pairs rise > Pressure on other currency pairs decreases = Chain reaction = All currency pairs rise So if you interpret the DXY correctly, you can get confirmation for ideas in other related currency pairs. SECOND PART TECHNICAL ANALYSIS For the analysis of the higher time levels I proceed according to the onion-skin principle. > MONTHLY - Level > WEEKLY - Level > DAILY - Level These are divided into > SUMMARY > CHARTS 1. MONTHLY – TIME FRAME SUMMARY The trend channel shown in the chart formed in May|2011 and has since maintained its position as a legitimate trend channel. Especially its mid-trend line showed many reactions and great interest of the market. > The price has reached this middle line and has already reacted positively. > The trend arc is another bullish signal and could serve as additional resistance in the future. If we look more closely at the "DEMAND" zone, we see that it has already been tested on. > The monthly candle closed above the zone, which is another positive indicator. > If we get another rise in the DXY, the marked "SUPPLY" zone, will serve as a very strong resistance and will be a real challenge. The Fibonacci retracement should serve us as an additional confirmation, and was taken under proof in past movements (last decades). > The 0.328 level, was breached without another reaction at this time level and the monthly candle closed below it. > Still pending is the next 0.50 level, which in combination with several arguments, represents a Medium-Strong resistance. > In the absence of a reaction from this level, we will see another sell-off to the 0.618 level. Past highs usually serve as resistance, of which we have two. > HIGH | 01/17 - Already showed a reaction > HIGH | 03/20 - Reaction still pending Points and levels of interest are available to us, which have a not irrelevant duration. > The most significant resistance is the marked POI ZONE (turquoise), with 50 years of experience. > We can be sure that there is great interest in this one. > This already proved true with a first reaction, but we must continue to wait for the candle close to confirm the argument. > If this is "temporarily" broken by a panic in the market, the POI at 102,000 points, serves as the next point of contact. CHARTS DXY – Overall picture DXY – Trendlines DXY – Supply & Demand ZONES + Market-Structure-Break DXY – Fibonacci + POI ATTENTION In the following time levels, I will only deal with the NEW, added elements. 2. WEEKLY – TIMEFRAME SUMMARY Besides the already mentioned trend channel, another one is now visible (violet), which was formed in May|2021. > Regardless of its inconspicuousness, it supports the tenor of the thesis. > It was respected and must prove itself again in the coming days and weeks. The additional "SUPPLY&DEMAND" zones join the two existing ones and remain untouched. As further Fibonacci additions we have: > A 1.618 level which was almost touched but is still pending to be worked off. > A 0.786 level which has been able to defend the last two weekly closes. > A 0.88 level, which in combination with the pending MSB, represents a strong resistance. CHARTS DXY – Overall picture DXY – Overall picture + Monthly DXY – Trendlines DXY – Supply & Demand ZONES + Market-Structure-Break DXY – Fibonacci + POI ATTENTION In the following time levels, I will only deal with the NEW, added elements. 2. DAILY – TIMEFRAME SUMMARY In the chart, further trend lines are drawn, which have shown reactions in the last 4 months. > These will represent resistances for a possible upward movement. Because so many elements are drawn in the chart, I would advise you to look again at the chart below, where you see only the S&D zones. > Some close together with the higher time levels, which reinforces their - resistance/support. CAUTION (Paler Zones) > The Supply zone, has been touched before and thus has less resistance. > The Demand zone, has been breached and thus should not trigger a major reaction, however it could still be "recaptured". In order to be able to forecast possible target ranges, we would first have to reach the bottom, which has yet to form. > The plotted levels can still change, but serve as a first reference point. > If the reached level already represents the bottom, one can see that the FIB levels, beautifully go along with the "Supply&Demand" zones. CHARTS DXY – Overall picture DXY – Overall picture + Monthly + Weekly DXY – Trend lines DXY – Supply & Demand ZONES DXY – Fibonacci THIRD PART CONCLUSION "The market makers only make money when everyone else loses. So what is the current mainstream opinion?" Run that question through your head and let me know in the comments what you think is more likely. > Another sell-off or a strong USD for now? In summary, based on technical analysis, there are a few reasons for a "temporarily" strong USD. > If you take a closer look at the area of the - HTF-POI-ZONE - you will see quite quickly that resistances could be enough for a whole arm. > Bringing this wall down will take more than one run-up, in my opinion. For this reason, I am assuming a strong USD and an accompanying bloodbath in the traditional and crypto markets. > Positioning after confirmation of this thesis = SHORT If this idea and explanation has added value to you, I would be very happy to receive a review of the idea. Thank you and happy trading!
TVC:DXYLong
by ZielIstDieAutarkie