Silver XAGUSD support 31.40-31.20 resistance 32.48-32.65, 33.10-Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Harmonic Patterns
Gold support 76000-75750 resistance 76840,77784,78732-78989Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold support 2655-2645 resistance 2687 ,2707,2725 Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
bajajfinance 10k ?Hi
This stock is consolidation from a long time since 2021, forming a ascending triangle pattern which is a good sign. this stock have a good potential to go up as per fundamentals too.
We can accumulate this stock with a last swing stop loss which is around 6200
and we can same thing in bajaj finserv this stock is in uptrend during the time period of bajaj housing
you can share your views in comment.
Thanks
Nifty 50 view Bullish case view for 17th October.Nifty has been trading in a volatile range this week with 24920 as strong support at the bottom and 25235 as strong resistance at the top. With the upcoming weekly expiry tomorrow can expect following levels on the upside if the price turns positive and starts to trend upside.
BTCUSD/BITCOIN DAY BUY PROJECTION 16.10.24Reason for Bitcoin Bullish
As a result, BTCUSD is the most popular crypto-to-fiat pair, and it serves as the de facto gold standard for the cryptocurrency market; providing the price direction cue for virtually the entire crypto market. In the BTCUSD pair, Bitcoin is the base currency, while the US dollar is the quote currency.
REEF/USDT 75% dumped within 48 hours$REEF dumped further after my update and has now perfectly hit the Order Flow Box.
75% Dumped within 48 hours. I’m expecting an upward move from here.
Order Flow Range: $0.0031-$0.0026
Target: 50%-100% upside, aiming for $0.005-$0.006.
Note: If #REEF breaks below this range, another big crash could follow. Stay cautious!
GBPJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
monthly+weekly breakout in RALLIS INDIARallis India, a Tata Group company Group Co., has a history of over 150 years. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs - from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for global corporations
Gold Surges Amid North-South Korea TensionsIs everyone ready to explore the latest developments in the gold market? Let’s dive in with Alisa!
The global gold price has experienced a highly volatile trading session. Rising geopolitical tensions between North and South Korea have swiftly reversed the situation, pushing gold prices back up. The event of Pyongyang accusing Seoul of airspace violations has heightened concerns about a potential conflict, prompting investors to seek gold as a safe-haven asset.
Gold is currently trading around $2,666 per ounce, moving upward in a rising price channel. While short-term fluctuations are possible, with strong support at $2,660, gold is forecasted to maintain its upward momentum and aim for the $2,680 target in the near future.
With the current complexities of the market, investing in gold could present attractive profit opportunities. However, careful consideration and a clear investment plan are essential before making any decisions.
SIEMENS | Signs of Accumulation Siemens is a global technology company with a diverse range of products and services. Here are some key stats and information about Siemens:
Founded: 1847 by Werner von Siemens and Johann Georg Halske.
Headquarters: Munich, Germany.
Employees: Approximately 300,000 worldwide.
Business Segments:
Digital Industries: Automation and digitalization in manufacturing.
Smart Infrastructure: Electrical equipment and smart building technologies.
Mobility: Solutions for rail transportation.
Siemens Healthineers: Medical technology and healthcare services.
Siemens Financial Services: Financial solutions.
Global Presence: Operations in over 200 countries.
Sustainability Initiatives: Siemens is committed to sustainability and aims to be carbon neutral by 2030.
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅ Prior uptrend & Rounding Bottom
✅Breakout confirmed
✅Rise in Volume
✅Clear uptrend with HH & HLs sequence
✅Check out my TradingView profile to see how we analyze charts and execute trades.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
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Nifty Intraday Levels | 16-OCT-2024This trading strategy focuses on scalping Nifty options based on institutional support and resistance zones and executing trades using order flow data. Here's a quick summary of the key points:
1️⃣ Zones to Focus on:
👉Green Zone: Represents institutional support.
👉Red Zone: Indicates institutional resistance.
👉Gap Between Zones: Typically ranges from 100-200 points.
👉Zone Creation: Uses pivot points and Fibonacci levels.
👉Price Action: An advanced version for refined entries and exits.
👉Chart Reference: Trades are executed based on the Nifty futures chart.
2️⃣ Trade Execution:
👉Order Flow Data: Trades are triggered by tracking the market's order flow.
👉Timeframes: Focus on the 1-minute and 5-minute charts for quick scalps.
👉Risk-Reward Ratio: Strict 1:2 (Risk 1 to gain 2).
👉Strike Price: Target at-the-money (ATM) or slightly in-the-money (ITM) options.
👉Position Sizing: Customize based on personal risk tolerance.
3️⃣ House Rules:
👉Sharp Execution: Be ready at 9:15 AM for market open.
👉Risk Management: Always a priority.
👉Quick Trades: Fast execution "morning breakfast".
👉Strict Stop-Loss: Set at 10 points to limit losses.
This method is well-structured for traders who prioritize risk management and quick scalping opportunities in the Nifty market.
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#Banknifty directions and levels for October 16th.Bank Nifty Current View:
Similar to Nifty, if Bank Nifty starts with a gap-down, it may consolidate between the previous high and the downside minor demand zone (51661). This is the basic structure.
Alternate View:
The alternate view suggests that if the market breaks this level solidly or consolidates around the minor demand zone (51661), then the correction is likely to continue towards the 38% Fibonacci level.
#Nifty directions and levels for October 16th.Good morning, friends! 🌞 Here are the market directions and levels for October 16th.
Market Overview:
The global market is showing a moderately bearish sentiment, while our local market is following a similar trend. We anticipate a neutral to slightly gap-down opening today, with SGX Nifty indicating a negative start of -70 points as of 8 AM.
In the previous session, Nifty saw a minor correction, but Bank Nifty maintained a moderately bullish sentiment. Structurally, Nifty is in a range-bound pattern, while Bank Nifty shows a slightly bullish structure. However, with SGX Nifty indicating a negative start today, if this happens, both indices may move in a range-bound structure. Let's explain this further in the charts.
Nifty Current View:
If the market starts with a gap-down, then the immediate support level (24983) will act as strong support. If the market finds support there, it could take a minimum pullback of 38% to 61% of the minor swing, likely continuing the same range-bound movement. This is the basic structure.
Alternate View:
The alternate view suggests that if the market breaks this level solidly or consolidates at that level, the correction is likely to continue towards 24882.
"S&P 500 Technical Analysis: Key Fibonacci Levels and Price ActiCurrent Price: The current price of the S&P 500 is indicated as 5,821.84, situated near the 0.786 Fibonacci retracement level (5,829.20). This level often serves as a significant support or resistance zone.
Fibonacci Levels: The Fibonacci retracement levels are plotted to assess potential reversal points in the market:
0.236 at 5,721.91
0.382 at 5,750.39
0.5 at 5,773.41
0.618 at 5,796.43
0.786 at 5,829.20
1.0 at 5,870.94 (potential resistance)
Recent Trend: The chart indicates a strong upward movement, with multiple green candles, suggesting bullish sentiment. However, the recent dip points to some selling pressure or profit-taking after the rally.
Support and Resistance:
The 0.786 level could act as a resistance if the price fails to break above it.
If the price continues to decline, the 0.618 and 0.5 levels might serve as potential support.
Future Projections: If the price breaks above the 0.786 level, it might target the 1.0 level (5,870.94) next. Conversely, if it falls below 0.618, further downside could be expected.