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Harmonic Patterns

NIFTY Intraday Trade Setup For 9 Jan 2025NIFTY Intraday Trade Setup For 9 Jan 2025 Bullish- Above 23800 Invalid-Below 23750 T- 24055 Bearish-Below 23490 Invalid-Above 23540 T- 23250 NIFTY has closed on a flat note today. It gave a 2 way move in intraday. Sell trade did not go in favor, sl was hit. It has formed a Pinbar candle in daily TF. Above its high there can be a short covering move. However 23800 is key level in hourly TF. 23490 is rejection candle's low so below this there can be panic selling once again. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23800 then we will long for the target of 24055. For selling we need a 15 Min candle close below 23490. T- 23250. 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:NIFTY
by Omahto
GBPUSD_H4Analysis of GBP/USD Currency Pair Status The GBP/USD currency pair resumed its downward trend after two days of gains, falling by approximately 0.3% and dropping below the 1.2500 level. Traders' attempts to sustain the bullish trend were thwarted by weak data and risk-averse sentiment. The economic data weakness in the UK, along with lower expectations for expansionary policies from the Bank of England, coupled with stronger-than-expected data from the United States, has put pressure on the pair. Weak Annual Performance of the British Pound: - Quarterly Downtrend: The pound ended 2024 with a quarterly decline and remains near its lowest levels in the past 9 months as the new year begins. - Retail Data: The UK Like-For-Like retail sales index for December showed a 3.1% increase. However, this data failed to boost the demand for the pound. Impact of U.S. Data: - PMI and Business Costs: The release of U.S. PMI data showed that economic activity in the country remains strong, reducing expectations for a rate cut by the Federal Reserve in the first half of 2025. - Expectations for Employment: ADP Employment Change data, due to be released on Wednesday, could provide forecasts for the important NFP (Non-Farm Payroll) report. Technical Analysis: In the 4-hour time frame, we can observe that the bearish trendline, which has been in place for a month, was broken during this week's trading. This trendline, drawn using a linear chart, has sent a signal of a potential trend reversal upon its break. Given the continued decrease in buying momentum on the 4-hour time frame, the overall trend still appears to be leaning towards a decline on lower time frames. However, it is important to closely monitor the price action around the key zone of 1.23986 - 1.24358. If reversal patterns are observed in this area, there is a possibility of support and a subsequent rebound. Risk Disclosure Statement: Since financial markets are influenced by various factors that are constantly changing, the analyses provided are solely for informational purposes regarding the general market situation and do not constitute any recommendation for buying or selling.
Long
by Arshia_Technomental
Natural yesterday sell given near 323 , until 331 not break sellDisclaimer - 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 Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:NATURALGAS1!Short
by JaiPrakashShuklaHarmonicTrader
Crude booked 110 points profit until 6340 not break avoid sell 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 Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:CRUDEOIL1!
by JaiPrakashShuklaHarmonicTrader
Copper booked 16 points profit yesterday buy dip until 812 breakDisclaimer - 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 Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:COPPER1!Short
by JaiPrakashShuklaHarmonicTrader
Banknifty sell on rise until 50200 not break 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 Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:BANKNIFTY
by JaiPrakashShuklaHarmonicTrader
Nifty sell given from 24060 sell rise until 23760 not breakDisclaimer - 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 Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:NIFTY
by JaiPrakashShuklaHarmonicTrader
Silver booked 2000 points profit yesterday,buy on dipDisclaimer - 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 Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:SILVER1!
by JaiPrakashShuklaHarmonicTrader
XAUUSD yesterday booked 65 points profit ,buy dipDisclaimer - 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 Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAGUSD
by JaiPrakashShuklaHarmonicTrader
Gold mcx booked 480 points profit,buy on dip upmove will come 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 Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!
by JaiPrakashShuklaHarmonicTrader
Gold yesterday booked 18 points profit, upmove will come buy dipDisclaimer - 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 Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSD
by JaiPrakashShuklaHarmonicTrader
XAUUSD 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.
OANDA:XAUUSDLong
by okako_trading
Navinfluor | Trendline Bull Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder Chart Pattern Bull Breakout ✅Breakout confirmed ✅Rise in Volume ✅Good 3 touches Trendline Breakout with volume ✅Clear uptrend with HH & HLs sequence ✅ Order block as potential Resistance ✅Check out my Trading View 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. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view
NSE:NAVINFLUORLong
by ReviveTraders
2
#Banknifty directions and levels for January 8th, Wednesday:The market seems to be in the 4th consolidation wave. Yesterday’s movement supports this view. Unless the market breaks the previous high, we can assume it is still in the consolidation phase. However, if it breaks the previous high, the trend may change. Usually, breaking the 38% Fibonacci level can push the market toward the 78% level. based on that if the market crosses yesterday’s high, we could see it move toward the 50% to 61% Fibonacci levels. This is the key structure for the day.
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for January 8th, Wednesday:Good Morning, Friends! 🌞 Here are the market directions and levels for January 8th, Wednesday: Market Overview: The global market continues to maintain a moderately bearish sentiment (based on the Dow Jones), and our local market is reflecting a similar outlook. Today, the market is likely to open with a neutral to slightly gap-up start, as the Gift Nifty indicates a 20-point positive opening. In the last session, Nifty and Bank Nifty opened with a gap-up but didn’t rally much. Based on the wave structure, the market seems to be in the 4th consolidation wave. Yesterday’s movement supports this view. > Unless the market breaks the previous high, we can assume it is still in the consolidation phase. However, if it breaks the previous high, the trend may change. Usually, breaking the 38% Fibonacci level can push the market toward the 78% level. > based on that if the market crosses yesterday’s high, we could see it move toward the 50% to 61% Fibonacci levels. This is the basic structure. Chart structures were discussed in the previous session and remain unchanged, so we can follow yesterday’s sentiment today as well.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 8 Jan 2025NIFTY Intraday Trade Setup For 8 Jan 2025 Bullish-Above 23800 Invalid-Below 23750 T- 24055 Bearish-Below 23550 Invalid-Above 23600 T- 23300 NIFTY has closed on a slight bullish note with 0.39% gain today, majorly contributed through gap up opening. It was just at 23700 zone. Tomorrow index may slide again below 23600 as index is in good bearish grip. However free fall scenario possible below 23550. In case 23800 is taken out in the higher side then it can test 24k once again. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23800 then we will long for the target of 24055. For selling we need a 15 Min candle close below 23550. T- 23300 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:NIFTY
by Omahto
**Hero MotoCorp Ltd** is one of the largest motorcycle and scoot**Hero MotoCorp Ltd** is one of the largest motorcycle and scooter manufacturers in the world. Based in **India**, the company is known for producing a wide range of motorcycles and scooters that are popular for their affordability, durability, and fuel efficiency. Here's a detailed overview of the company: ### 1. **History & Background**: - **Founded**: The company was established in **1984** as Hero Honda Motors Ltd. It was a joint venture between the Indian company Hero Group and the Japanese company Honda. - **Separation**: In 2010, Hero and Honda parted ways, and Hero MotoCorp was formed as an independent entity. Hero MotoCorp took over the operations, continuing the legacy of its earlier successful models. ### 2. **Headquarters**: - **Location**: Hero MotoCorp’s corporate headquarters is located in **New Delhi, India**. - It operates a global presence with manufacturing plants and service centers across various regions. ### 3. **Products**: Hero MotoCorp manufactures a wide range of two-wheelers, including: - **Motorcycles**: They produce motorcycles across various segments such as commuter bikes, premium motorcycles, and off-road bikes. Some of their popular models include: - *Hero Splendor*: One of the best-selling bikes in India. - *Hero HF Deluxe*: A top-selling commuter bike. - *Hero Xpulse*: An adventure motorcycle. - *Hero Glamour*: A stylish commuter bike. - **Scooters**: Hero also manufactures scooters, such as the *Hero Maestro* and *Hero Pleasure*. ### 4. **Global Presence**: - **Export Markets**: Hero MotoCorp has a significant presence in international markets, including countries in **Africa, Latin America, and Southeast Asia**. The company also entered the **Latin American** and **African markets** in the past decade. - **Manufacturing Plants**: Hero MotoCorp operates multiple manufacturing plants in India, and also has assembly plants in **Colombia** and **Bangladesh**. ### 5. **Innovation & Technology**: Hero MotoCorp has been known for introducing new technology into its motorcycles, with an emphasis on fuel efficiency, low emissions, and advanced engineering. Some of its key innovations include: - **i3S Technology**: The company's *Idle Stop-Start System*, which helps save fuel by automatically switching off the engine when idle. - **Advanced Engines**: Hero continuously works to improve engine efficiency and reduce emissions. ### 6. **Financial Performance**: - Hero MotoCorp is one of the **top 10 motorcycle manufacturers globally** by sales volume. - It has a robust **financial position** and is listed on both the **Bombay Stock Exchange (BSE)** and **National Stock Exchange (NSE)** in India. ### 7. **Research & Development**: Hero MotoCorp invests heavily in research and development (R&D) to innovate new products and technologies. The company has a state-of-the-art **R&D center** in **Jaipur, India** and has entered into collaborations with various global partners to enhance its product offerings. ### 8. **Sustainability Initiatives**: Hero MotoCorp is committed to sustainability, focusing on reducing the environmental impact of its operations. This includes: - **Emission Control**: Development of fuel-efficient and lower-emission vehicles. - **Sustainable Manufacturing**: The company is also working towards **green manufacturing practices** in its plants, including solar energy initiatives. ### 9. **Brand and Marketing**: Hero MotoCorp has built a strong brand presence through innovative marketing strategies and sponsorships, especially in motorsports. Some key marketing highlights include: - **Sponsorship of Hero Indian Super League** (Football). - **Motorsport Involvement**: Hero has been involved in motorsport events like the **Dakar Rally**, where it has achieved significant success with its rally bikes. ### 10. **Leadership**: - **Chairman**: The company is currently chaired by **Pawan Munjal**, who has been instrumental in Hero MotoCorp's growth since its inception. He took over from his father, **Dr. Brijmohan Lall Munjal**, who was the founder and former chairman of the company. ### 11. **Recent Developments**: - Hero MotoCorp continues to expand its product lineup, including **electric mobility**. It is working on developing electric two-wheelers, positioning itself for a future shift towards sustainable mobility solutions. ### 12. **Future Plans**: - Hero MotoCorp is focusing on expanding its **electric vehicle portfolio** and plans to strengthen its position in **global markets**. - The company is also exploring opportunities in **advanced technologies** like connected vehicles and smart biking. ### Conclusion: Hero MotoCorp Ltd. is a leader in the two-wheeler industry, with a long history of innovation and growth. It remains a key player not only in India but also in several international markets. With its focus on technology, sustainability, and global expansion, Hero MotoCorp is poised to continue its success in the evolving automotive industry.
NSE:HEROMOTOCOShort
by TheGoldenFarmsofEquity
**Yes Bank Ltd.** is a prominent private-sector bank in India, p**Yes Bank Ltd.** is a prominent private-sector bank in India, providing a wide range of financial products and services to retail, corporate, and institutional customers. Founded in **2004** by **Rana Kapoor** and **Ashok Kapur**, Yes Bank has quickly grown to become one of the leading private banks in the country. Here’s a detailed overview of **Yes Bank Ltd.**: ### 1. **Founding and History:** Yes Bank was established with the aim of creating a high-quality, customer-centric bank that would offer a diverse range of financial services. The bank started operations with a clear focus on serving the middle-class, corporate, and business segments, positioning itself as a modern and innovative financial institution. - **Rana Kapoor** served as the bank’s CEO and managing director from its inception until 2019. - The bank was initially recognized for its rapid growth, advanced technology infrastructure, and innovative services. ### 2. **Core Products and Services:** Yes Bank offers a variety of financial products and services across several segments, including: - **Retail Banking**: Personal banking services such as savings and current accounts, fixed deposits, and personal loans. - **Corporate Banking**: Services for businesses, including working capital finance, term loans, cash management, and trade finance. - **Wealth Management**: Investment advisory services, portfolio management, and private banking for high-net-worth individuals (HNIs). - **Treasury**: Financial market operations, including currency, fixed-income, and commodity trading. - **Credit Cards**: Yes Bank offers a range of credit card products catering to different customer segments. - **Digital Banking**: Yes Bank has also embraced digital transformation with services like internet banking, mobile banking, and fintech collaborations. ### 3. **Key Milestones and Growth:** - **2004**: Yes Bank was founded and began its banking operations. - **2005**: The bank obtained its banking license from the Reserve Bank of India (RBI). - **2010**: Yes Bank became a **"Systemically Important Bank"** and was recognized for its growth and stability. - The bank expanded rapidly through mergers and acquisitions, acquiring several smaller regional banks to strengthen its presence across the country. ### 4. **Financial Performance:** Yes Bank was initially recognized for its rapid growth and profitability. However, in recent years, the bank has faced significant financial challenges: - **Asset Quality Concerns**: The bank faced issues related to bad loans (non-performing assets, or NPAs), which led to financial instability. This became evident in the period leading up to 2019 when the bank’s financial health was questioned. - **2019 Crisis**: Yes Bank went through a severe crisis in **2019**, with issues around its **bad loans** and capital adequacy. In March 2020, the **Reserve Bank of India (RBI)** placed the bank under a **moratorium**, limiting withdrawal limits for customers. The RBI then formulated a restructuring plan, which included a **bailout** by a group of financial institutions led by **State Bank of India (SBI)**. - **Restructuring**: The bank’s management was revamped, and **Rana Kapoor** was replaced by **Prashant Kumar** as the CEO in 2020. The restructuring process involved raising capital, improving asset quality, and stabilizing operations. ### 5. **Leadership and Governance:** - **Prashant Kumar**, a former SBI executive, took charge as CEO in March 2020, following the RBI’s intervention. - The leadership has focused on turning around the bank’s fortunes by improving governance, streamlining operations, and managing bad loans. ### 6. **Digital Transformation:** Yes Bank has been actively investing in technology to enhance its digital capabilities. It offers services like: - **Yes Mobile**: The bank’s mobile banking app, which provides users with a variety of banking services on the go. - **Yes Bank App**: A comprehensive app for managing personal finances, making transactions, and even investing in mutual funds. - **UPI** (Unified Payments Interface) transactions. - **API Banking**: Yes Bank has partnered with various fintech companies to facilitate API-based services and enhance customer offerings. ### 7. **Strategic Focus:** - Yes Bank has made a strong push towards enhancing **retail banking** while focusing on improving **asset quality** and managing NPAs. - The bank aims to capitalize on **digital banking** and enhance customer experiences through technology-driven solutions. - Yes Bank has focused on **rebuilding trust** with its customers and investors, after its previous challenges. - The bank continues to enhance its **corporate banking services**, including working capital solutions, trade financing, and structured financial products. ### 8. **Challenges and Recovery:** Yes Bank faced major setbacks due to governance issues, poor risk management practices, and a rise in non-performing assets (NPAs). However, with regulatory intervention and restructuring, the bank has been working towards stabilizing its operations and improving its financial position. The **capital infusion** from large investors, including SBI, and the government’s support helped to restore confidence. ### 9. **Market Presence:** Yes Bank operates across **India**, with a wide network of branches and ATMs. The bank is also listed on the **National Stock Exchange (NSE)** and **Bombay Stock Exchange (BSE)**. Its shares are traded actively, and the bank continues to focus on recovering its market value post-restructuring. ### 10. **Corporate Social Responsibility (CSR):** Yes Bank is involved in various CSR initiatives, focusing on areas like: - **Education**: Providing scholarships and supporting educational programs. - **Environment**: Promoting sustainable practices such as green energy, water conservation, and eco-friendly banking initiatives. - **Healthcare**: Offering support in the form of medical camps, health check-ups, and disaster relief efforts. ### 11. **Future Outlook:** Yes Bank is on a recovery path after its financial crisis. Its focus on improving asset quality, digital transformation, and restoring profitability is expected to stabilize its operations in the coming years. The bank is working to enhance its **capital adequacy** and reduce non-performing assets (NPAs). The management is optimistic about the bank's growth potential, leveraging its strong retail banking and corporate services. ### Conclusion: Yes Bank has a notable presence in India's private banking sector, offering a range of services to its customers. Despite facing significant challenges, including asset quality issues and a governance crisis, it is working toward stabilizing and rebuilding its brand. Through leadership changes, restructuring, and digital innovation, Yes Bank aims to regain its position as a strong player in the Indian banking sector.
NSE:YESBANKLong
by TheGoldenFarmsofEquity