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Harmonic Patterns

NIFTY Intraday Trade Setup For 28 Nov 2024NIFTY Intraday Trade Setup For 28 Nov 2024 Bullish-Above 24360 Invalid-Below 24310 T- 24632 Bearish-Below 24120 Invalid-Above 24170 T- 23848 NIFTY has closed on a slight positive note with 0.33% gain today. Since last 3 sessions index has been trading sideways between 24350 and 24120. In daily TF index is consolidating just below 50 EMA. On breakout of 50 EMA in daily TF overall bullish sentiment will be triggered across sectors. 24360 and 24120 are intraday levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24360 then we will long for the target of 24632. For selling we need a 15 Min candle closes below 24120. T- 23848. 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
SARLAPOLY By KRS Charts27th Nov 2024 / 3:30 PM Why SARLAPOLY ❓ 1. Stock was Stuck under 80 Rs. Resistance since many Years and this year in May it broke the resistance and sustained above 80 Rs. 📈 2. Fundamentally Good company with less than 15 P/E. 💪 3. With Accumulations on Higher TFs SARLAPOLY is making Cup & Handle Pattern. ☕ 4. As we discuss it already Broke 80 Rs. Range and recently it retests too on same resistance this makes my conviction strong on this 💪 5. Today giving 15 % Upside move with Strong Volume is confirmed Entry. ✅ Target is expected 145 Rs in Medium to long Term With SL of 78 Rs 1W Closing basis.
NSE:SARLAPOLYLong
by KRSCharts
#Fantom Accumulation Zone Revealed: Why I’m Expecting 12x Return#Fantom Accumulation Zone Revealed: Why I’m Expecting 12x Returns 🔥 FTM/USDT Bullish Chart Analysis: Accumulation Zone & Targets #FTM Bullish Analysis 🔹 UPCOM:FTM has been on an uptrend for the past 7-10 days, currently up 60% in the last 10 days. 🔹 I’m waiting for a dip to buy in my accumulation zone, which is the green box between $0.78 - $0.60. ▪️ Targets: $2/$3.3/$5/$6/$10 ▪️ Stop Loss: $0.53 I’m expecting 12x gains from my accumulation zone. I'm super bullish on FTM/USDT in this bull run. 📢 Reminder: ▪️ Don’t go all-in on a single coin. Diversify your investments. ▪️ This is not financial advice. Always DYOR before investing in any cryptocurrency! What’s your take on FTM? Let’s discuss! 👇
Long
by CryptoPatel
#Nifty directions and levels for November 27th.Good morning, friends! 🌞 Here are the market directions and levels for November 27th. Market Overview: The global markets are showing bullish sentiment (based on the Dow Jones only), and our local market has maintained a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Nifty showing a positive 40 points. There have been no significant changes in the last session. In the previous session, both Nifty and Bank Nifty consolidated after the decline. What about today? If you look at the Nifty structure, there is consolidation after the long rally. Structurally, it may continue further until it breaks the consolidation range. If it breaks either to the upside or downside, we can follow that direction. This is the basic structure; let's look at it on the chart. Nifty Current View: Even if the market opens with a gap-up, it could decline initially. If this happens, the range market will continue between the previous high and the demand zone. In this case, if it breaks the demand solidly, then 24006 will act as strong support. Alternate View: The alternate scenario suggests that if the market sustains the gap-up and breaks the 24303 level, we can expect further pullback continuation to the 38% Fibonacci level. This is a major resistance. After the rally, if it rejects there, we can expect a minimum correction of 23% to 38% in the minor swing. On the other hand, if it sustains or breaks this level(38%), then the rally will likely continue.
NSE:NIFTY
by Manickamtraders
Gold-> continue to drop to $ 2600. What will happen?Hi guys, Gold prices dropped to their lowest level in a week during the Asian session on Tuesday, although spot prices found some support near the $2,600 mark. Meanwhile, the prevalent risk-on environment, coupled with bets for slower Fed rate cuts and rising U.S. Treasury yields, is driving flows out of the safe-haven XAU/USD. Theoretically, any attempt to push gold prices higher may face limitations. Ahead, the U.S. Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, is scheduled for release on Wednesday. Technically, gold is attempting to break out of the key range after testing support. If a false break occurs at the 2634 level, a minor correction towards resistance may form. Resistance levels: 2634, 2649, 2663 Support levels: 2618, 2607, 2600 If sellers hold the price below 2630-2634, the bearish momentum could strengthen. However, as the price is testing strong support, a significant reaction could form a false breakout and a correction, potentially targeting levels like 2649-2663 (fibo 0.5), before continuing the downtrend.
OANDA:XAUUSDShort
by Bo-Samson
4
#Banknifty directions and levels for November 27th.Bank Nifty Current View: Bank Nifty has a similar sentiment to Nifty. If there is an initial market decline, we can expect range market continuation between the previous high and the downside demand zone. Alternate View: The alternate scenario suggests that if the market sustains the gap-up, it could reach 52680, which is a major resistance. After the rally, if it rejects there, we can expect a minimum correction of 23% to 38% in the minor swing. On the other hand, if it sustains or breaks this level(52680), then the rally will likely continue.
NSE:BANKNIFTY
by Manickamtraders
USDJPY: "Tug of War" Within Key Zones, Signals Remain UnclearOn November 26, USDJPY finds itself in a tug of war between buyers and sellers, hovering around 153.882. Two key zones are constraining price movement: resistance at 155.878, like a "steep mountain" that's hard to climb, and support at 153.592, acting as "solid ground" preventing deeper declines. The EMA 34 (154.480) and EMA 89 (154.102) form a "connecting thread," both supporting and restraining the price in a state of balance. Failure to break resistance may result in USDJPY "free-falling" toward lower support levels. On the other hand, a breakout above 155.878 could serve as a "ticket" to higher price levels. Amid rising U.S. bond yields and the Bank of Japan's cautious stance, the market is waiting for clearer signals. Traders should prepare plans for both scenarios to avoid being caught off guard.
Long
by Sophi-A
1
EURUSD: Weak at Resistance, Potential for Further DeclineEURUSD remains under pressure from the bearish trend, hovering around 1.04686 after a mild recovery from the support zone of 1.03878. However, the strong resistance at 1.05284 proves to be a "formidable wall," with the EMA 34 (1.05095) and EMA 89 (1.05979) acting as significant barriers to upward momentum. Bearish signals persist, with the descending channel serving as a "slippery slope" that EURUSD struggles to climb. Failure to break through the 1.05284 resistance could trigger a significant drop, pushing prices to retest the 1.03878 support or even lower to 1.03000. The strengthening USD, following Trump's tariff announcements, has added pressure to EURUSD as safe-haven demand rises and economic strain mounts in Europe.
Short
by Sophi-A
XAUUSD Faces Pressure from China and USDChina has recently discovered a new gold mine, potentially reducing its future demand for gold, which could push gold prices lower. Meanwhile, Trump’s election victory has strengthened the USD, adding additional downward pressure. Currently, XAUUSD is hovering around 2,627.275 after a recovery from a low near 2,605.310. However, the price was rejected at the strong resistance zone near 2,700, signaling a significant hurdle as the previous upward trendline has been broken. The EMA 34 (2,653.133) and EMA 89 (2,585.826) are acting as potential support levels but also indicate that the bullish momentum is fading. If the price fails to hold above the EMA 34, a deeper decline towards the 2,560 support zone could occur, especially as selling pressure intensifies.
OANDA:XAUUSDShort
by Sophi-A
1
XAUUSD- Crash? 2600? 2500? Maybe even lower! Please be carefulhello guys hope you have an amazing week .again the price perfectly moved according my last forecast more than +500 pips great profit .now lets start new forecast as you can see the price made a new lower high and new downtrend channel . After war news gold fell alot and broke uptrend and fixed below ma200 i expect after a pullback gold continue downtrend . If you check daily time frame you can see gold make a head and shoulders pattern too . Gold prices fell on Monday, marking the first decline in six trading sessions despite a weaker dollar. This drop was attributed to easing geopolitical tensions following reports that Israel and Lebanon reached a ceasefire agreement in their conflict involving the Hezbollah militia. Gold for February delivery dropped to $2,625 per ounce. According to Axios, Israel agreed to a ceasefire with Lebanon despite continuing to bomb Beirut and Hezbollah firing rockets across the borders. This agreement reduced the tensions that had significantly escalated last week, leading to a 6.5% increase in gold prices. The rise occurred after Ukraine launched its first attacks on Russia using foreign-made missiles, prompting nuclear threats and the testing of a missile by Russia targeting the city of Dnipro. The dollar weakened significantly, which is typically supportive for commodities priced in the currency.
FOREXCOM:XAUUSDShort
by Trader-Rita
Bank Nifty Simple Analysis!!Bank nifty after a gap up opening failed to break daily trend line resistance arround 52300. tried to touch 52600 on 26th nov morning but later on failed traded sideways rest of the day but still shows strength on buy side from bottom. Possibilites for tomorrow : Pin 1 : open on trend line support and try to reach the previous high pin 2 : open on trend line and failed to broke the resistance at 52300 approx then steep down Pin 3 : open below trend line and retest and go down Support : 51760,51280 Resistance : 52350, 52620
NSE:BANKNIFTY
by Price_actiontaker14
26000 Market TOP?Title: Are We Witnessing a Medium-Term Top in Indian Markets? A Deeper Dive into Market Trends The Indian stock markets have corrected nearly 10-12% in recent months, and the internal structure of the market suggests that this may not just be a routine pullback. Instead, it raises the possibility of 26,000 acting as a potential medium-term top. The charts of individual stocks and sectors, combined with worsening market breadth since February 2024, indicate we might be heading for a larger correction. --- Key Observations 1. Market Breadth Deterioration Market breadth—one of the most reliable indicators of overall market health—has significantly worsened this year. Fewer stocks are participating in upward moves, with many declining even as the broader indices attempted to hold their ground earlier. 2. Sectoral Trends: The Bounce Leaders If a market bounce occurs, sectors like Pharma and Healthcare appear poised to lead. These traditionally defensive sectors have been showing relative strength even amid the broader weakness, suggesting a potential shift in investor preference toward safety. 3. Quality of the Bounce: A Crucial Indicator While a short-term bounce is possible, the quality of the upmove will determine the next leg of market trends. A lackluster or narrow rally, limited to a few sectors or stocks, could signal more pain ahead. Conversely, a broad-based rally could provide a temporary respite, though it may not alter the medium-term bearish narrative. --- Why 26,000 Could Be a Medium-Term Top - Technical Indicators: Multiple indicators, including moving averages and RSI on key indices, suggest resistance around the 26,000 level. - Weak Stock Charts: A significant portion of the market now trades below key support levels, further underscoring the structural weakness. - Mixed Global Sentiments: While global interest rates are not rising, uncertainties in global markets and economic conditions continue to weigh on investor sentiment. --- What Lies Ahead? As per my analysis, the chances of a bigger correction are increasing. The worsening breadth since February 2024 is a red flag that should not be ignored. A bounce, if it occurs, is likely to be led by Pharma and Healthcare, but whether it’s sustainable will depend on broader participation and sentiment recovery. Investors should remain cautious, focus on quality stocks, and closely monitor the behavior of leading sectors during any rebound. For traders, a cautious approach with strict risk management is essential in this volatile environment. --- Key Takeaways for Market Participants 1. Stay Defensive: Favor sectors like Pharma and Healthcare, which are showing relative strength. 2. Assess Market Breadth: Keep an eye on the number of advancing vs. declining stocks for clues about market health. 3. Prepare for Volatility: Markets may experience sharp movements in either direction, demanding agility in strategy. --- While history often repeats itself in markets, it doesn’t necessarily rhyme. Therefore, it’s essential to stay alert, analyze trends objectively, and be prepared for what could be a significant turning point in Indian equities. Let’s keep our eyes on the charts and tread carefully in these uncertain waters. --- What’s your take on the markets? Share your thoughts below.
NSE:NIFTYShort
by keshevdugar