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NIFTY Intraday Trade Setup For 5 Nov 2024NIFTY Intraday Trade Setup For 5 Nov 2024 Sell_1-From 24175 Invalid-Above 24225 T- 23950 Sell_2- Below 23800 Invalid-Above 23850 T- 23570 NIFTY has closed on a bearish note with 1.27% cut today. Index was just trendy after triggering short as per trade setup. Also index is approaching our position short target - 23700 zone. We have been riding short from 24850 zone which was updated on 17 Oct. We will keep riding this until our trailing sl is hit. If a daily candle closes above PDH then we exit and there will be chance of sentiment change. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 23800 then we will short for the target of 23570. We will also short from 24175 in case tested in the 1st hour. T- 23950 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
1
EUR/USD at Resistance 1.08914: Correction or Breakout?The current EUR/USD chart shows the currency pair facing selling pressure as it approaches the resistance zone at 1.08914. This level could hinder further gains, and if it fails to break through, EUR/USD may correct towards the support zone around 1.07684. This is a key level where buyers might seek a bounce opportunity. The 34 and 89 EMAs continue to act as major resistance, reflecting the ongoing short-term downtrend. With the current technical signals, a prudent strategy would be to wait for price reactions at the resistance and support levels to determine the next direction, rather than rushing into trades. News Update: On October 30, 2024, the U.S. dollar softened slightly from its recent highs, pausing its recent rally ahead of key macroeconomic data releases that could shift rate-cut expectations.
Short
by Will_ll
1
Nifty directions and levels for November 4th.Good morning, friends! 🌞 Here are the market directions and levels for November 4th. Market Overview: In the short term, both global and local markets are showing moderately bearish sentiment. However, today the Nifty is indicating a neutral start. In the previous session, both Nifty and Bank Nifty closed with slight positive gains due to the Muhurat trading. However, the overall structure suggests that there is a clear range-bound market. Therefore, the market may continue to trade within this range today. We can analyze this further by looking at the charts. Nifty Bullish View: From a bullish perspective, if the market experiences a pullback initially, we can expect a continuation of that pullback, reaching a minimum of 78% of the previous high. This is a usual target for range-bound markets. Additionally, if the market consolidates around the 78% level, the breakout continuation could be significant. Nifty Bearish View: The bearish view suggests that if the market declines initially, it could reach a minimum of the minor demand zone or the Fibonacci level of 23% if it breaks below 24,214.
NSE:NIFTY
by Manickamtraders
Will Bitcoin History Repeat after US Election ?#Bitcoin and US Elections: History Repeats? Looking back at the last two US elections, we’ve seen a strong Bitcoin bull market follow each one. Let’s take a look: 📅 2016 US Election (November): ➡️ Before the election, BTC was at $700 ➡️ Within a year, BTC soared to $19,900 📅 2020 US Election (November): ➡️Pre-election price: $13,600 ➡️ Just a year later, BTC hit an all-time high of $69,000! Now, with the US election tomorrow, is this another CRYPTOCAP:BTC buying opportunity based on past trends? 🔮 My Prediction: By next year, November 2025, #BTC could reach $150,000 - $180,000. Let’s see if history repeats! #Crypto #BullMarket
BITFINEX:BTCUSDLong
by CryptoPatel
XAUUSD in Tug of War: Strong Support or Deep Correction?The XAUUSD chart on November 4 shows gold oscillating around the critical support level of 2,718 USD/oz, with the EMA 34 and 89 lines providing main support. If this support holds, gold may rebound toward the resistance level at 2,757 USD/oz. However, the MACD shows a bearish divergence, signaling potential for continued correction, while the RSI indicates oversold conditions, suggesting a possible short-term recovery. Recent U.S. news highlights expectations that the Fed will maintain higher interest rates longer, pressuring gold as the USD strengthens. Additionally, pre-election uncertainty in the U.S. continues to drive safe-haven demand, creating significant volatility for XAUUSD.
OANDA:XAUUSDLong
by Will_ll
Technical Analysis Part - 4The MACD is a momentum indicator that can be used to anticipate changes in market sentiment. However, it is not foolproof: experienced traders look to other metrics, such as trading volume, for a more complete perspective on market sentiment. Key Takeaways The moving average convergence divergence (MACD) is a popular momentum indicator that is used in technical analysis. The MACD is calculated by comparing exponential moving averages in a security's price. The MACD line is charted alongside a nine-day moving average of the MACD line, called the signal line, and a histogram representing the difference between these two curves. Traders use the MACD histogram to anticipate changes in market momentum. MACD analysis can still generate false price predictions. Experienced traders use additional metrics and fundamental analysis to support their forecasts.
NSE:BANKNIFTYEducation
by SkyTradingZone
Gold back in range Gold price is now again entered in range area and we have to wait for breakout this range area for next move, The uncertainty around the US presidential election and Middle East tensions might boost the safe-haven demand, supporting the gold price. On volume profile we can see that the current price is trading under High Volume area, in Lower side if price breakdown Friday low then we can expect test at weekly S1 or at psychological support at 2700, In higher side the resistance is at weekly pivot (2750) and Friday High (2761) is main hurdle for bulls. To conclude this we have following trade opportunities for Intraday : Currently we have to wait as price is in range: and after range breakout: For buy either wait for breakout on Friday High or wait for lower Levels near 2700-10 area. For sell: Wait for breakdown the Friday Low
OANDA:XAUUSD
by iambalramkashyap
NIFTY Intraday Trade Setup For 4 Nov 2024NIFTY Intraday Trade Setup For 4 Nov 2024 Bullish-Above 24380 Invalid-Below 24330 T- 24600 Bearish-Below 24170 Invalid-Above 24220 T- 24900 NIFTY has formed a halt candle in weekly TF. After continuous selling since 27 Sep it took a pause in weekly TF. 23700 target which was said when index went below 24k is still pending. Also it was said that we need to keep an eye on PDH for trailing the positional short trade. If index closes above PDH then bearish sentiment may take a halt so will close short view then. 24380 and 24170 are intraday levels for tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24380 then we will long for the target of 24600. For selling we need a 15 Min candle close below 24170. T- 23900. 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
USD/JPY Hits 153.827: Continue Rising or Ready to Retrace?USD/JPY is in a stable uptrend, supported by two key EMAs (89 and 34), showing that buying pressure remains strong. However, the resistance at 153.827 could act as a “wall” that halts the upward momentum. If pushed back, the 151.807 area could serve as a “launchpad” for a bounce. With the current uptrend, a pullback to 151.807, followed by a rebound signal, may offer a good buying opportunity. A clear breakout above 153.827 could signal the next leg up. The key here is not chasing the market, but waiting for the golden opportunity: buying at support on a pullback, or catching the wave if resistance breaks. BOJ’s decision to keep rates at 0.25% has reduced the yen’s appeal, adding upward pressure on USD/JPY as the Fed may keep rates high.
Short
by Will_ll
1
EUR/USD Hits 1.0900 Resistance: Breakout or Pullback?The EUR/USD pair is touching a strong resistance area around 1.09224, with the 34 and 89 EMAs acting as key resistance levels. If the price fails to break through this resistance zone, a pullback toward the support area around 1.0800 could occur. The recent trendline shows that buying pressure remains, but the uptrend might weaken without sufficient momentum to push beyond the current resistance. Both the MACD and RSI indicate saturation, signaling a potential pullback if selling pressure increases at this level. Recent news on Fed policy expectations could impact the USD and the EUR/USD pair, driving significant volatility.
Short
by Will_ll
GOKUL (Gokul Refoils and Solvent Ltd)- AnalysisBullish Levels -day closing above 54 (early entry risky) then 61 then 69 then 74 (safe entry if day closing above this) long term targets can be around 600 if sustains above this for a month then we can expect target around 1100 Bearish levels :- Day closing below 45 then 38 Swing trade SL then 30 (SL for Long term Investor) below this more bearish. **Consider some Points buffer in above levels **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:GOKULLong
by PrashantTaralkar
KIRTI NUTREINTS proper uptrend chartKriti Nutrients Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 695.59 Crore) operating in Agro Processing sector. Kriti Nutrients Ltd. key Products/Revenue Segments include Oil Refined and Other Operating Revenue for the year ending 31-Mar-2024. For the quarter ended 30-06-2024, the company has reported a Standalone Total Income of Rs 189.48 Crore, up 9.24 % from last quarter Total Income of Rs 173.44 Crore and down 10.85 % from last year same quarter Total Income of Rs 212.54 Crore. Company has reported net profit after tax of Rs 14.27 Crore in latest quarter.
NSE:KRITINUTLong
by TechnicalAnalystSucrit
Gillette India Limited - Breakout Setup, Move is ON...#GILLETTE trading above Resistance of 9802 Next Resistance is at 11182 Support is at 8140 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GILLETTELong
by MandeepSinghKohli
Ajmera Realty & Infra India Limited - Breakout Setup, Move is ON#AJMERA trading above Resistance of 872 Next Resistance is at 1184 Support is at 559 Here are previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:AJMERALong
by MandeepSinghKohli