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DIVISLAB - CHANNEL CONSOLIDATION -WILL IT BREAKOUT OR NOTDivi's Laboratories Ltd. is an interesting chart with following 1. RSI on all time frames (i.e. D/W/M) above 60 2. Narrowing Bollinger Bands on daily chart with price walking on upper band 3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase 4. ABCD pattern under formation on weekly chart 5. Major price supports at 5930 i.e. 20 Day SMA and 5750 i.e. 50 EMA respectively Breakout of 6300 + levels on closing basis can fetch 6700 + and 6980 levels as per Fibonacci projection tool Lets see How it evolves Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:DIVISLABLong
by rajivrajeev
#NIFTY - 14TH NOVEMBER NSE:NIFTY #NIFTY ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:NIFTYLong
by thetradeforecast
1
EUR/USD: Pausing at ResistanceHas everyone updated themselves on the EUR/USD pair? Let’s predict where it might go today! The EUR/USD pair is moving sideways in the Asian session, despite a slight rise yesterday. While the USD has softened a bit due to declining interest rates and stable stock markets, concerns about the U.S. economy and geopolitical risks continue to support the greenback. Additionally, weak eurozone PMI data and the ECB's potential policy easing add pressure on the euro. On the 4-hour technical chart, the EUR/USD pair is in a downtrend. Resistance at 1.082 has become a barrier, limiting the pair's chances of a recovery. We should also watch two support levels: 1.080 and 1.077. If the pair breaks below the 1.080 support level, a further decline becomes highly likely. What are everyone’s thoughts on this pair? Let me know!
by Alisa_Rokosz
2
Gold Conquers New HeightsHello everyone! How is the gold price doing at the moment? Let's analyze it with Alisa! Global gold prices continue their impressive upward trend, with spot gold recording a gain of $2.3 compared to last weekend, reaching $2,723 per ounce. Last week witnessed one of the strongest and most sustained price increases for gold this year. Gold is showing an extremely positive technical outlook. With the moving average pointing upward and technical indicators supporting the bullish trend, gold is ready to conquer new heights. The $2,607 support level acts as a solid cushion, allowing gold to easily break through the $2,730 resistance and move toward the $2,800 target. So, what do you all think about today’s gold price? Will the upward momentum continue?
OANDA:XAUUSD
by Alisa_Rokosz
USD/JPY: Bullish Momentum Remains StrongHello everyone! Today, let’s analyze the USD/JPY currency pair together! Market sentiment has shifted negatively toward the Japanese Yen, causing the currency to weaken against the US Dollar. Japan’s weak export data has raised concerns about the country’s economic outlook, while internal government disagreements over monetary policy have only added to the uncertainty. In contrast, the US Dollar remains favored due to expectations that the Fed will maintain its tight monetary policy, attracting investment flows and pushing USD/JPY higher. Looking at the technical chart, the 34 and 89 EMAs are steadily trending upwards, with no signs of a reversal. The support level at 149.368 is serving as a springboard for further upward momentum in this pair. When the price encounters resistance at 149.766, it may test this level, and if an opportunity arises, it could break through and aim for a higher target. In my opinion, USD/JPY is likely to continue its upward trend in the short term. However, investors should be cautious about the risk of a correction as the RSI is currently in the overbought zone. What do you all think about this pair?
by Alisa_Rokosz
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.
OANDA:XAUUSD
by Alisa_Rokosz
USD/JPY: Will it break out of the current range?A new day has begun. Have you all updated the news on the USD/JPY pair yet? Let’s catch up together! The recovery of the Japanese Yen (JPY) remains quite fragile due to concerns about the Bank of Japan’s (BoJ) monetary policy and the global risk environment. On the other hand, the USD continues to be supported by expectations that the Fed will maintain high interest rates in the near future. This makes the USD more attractive compared to the JPY, limiting the upward momentum of the USD/JPY pair. Looking at the technical chart, the USD/JPY pair is fluctuating around 149.63 in a downtrend. Although there is support at the 141.86 level, the pair has not been able to sustain its upward momentum. However, investors must be more cautious with their decisions, especially as the market is being influenced by multiple uncertainties. What are your thoughts on this pair? Leave a comment and let me know!
by Alisa_Rokosz
Gold Price Surges UnexpectedlyHello everyone, this is Alisa. Today, let's join me in updating the latest developments in gold! The gold price surged significantly, reaching 2,644.18 USD/ounce. The main driving force came from the U.S. inflation data released this morning. Specifically, the U.S. Consumer Price Index (CPI) increased by 0.2% in September, which was lower than expected. This eased inflationary pressure and prompted investors to pour money into gold as a safe-haven asset. Observing the 1-hour technical chart, Alisa noticed that the price within the channel had gained strong upward momentum. This was truly a rebound after a brief period of decline for the metal. With support at 2,628, gold’s upward trend has resumed. Additionally, technical indicators like RSI and Stochastic are also giving buy signals. What a volatile day! How about you all? Do you think gold will rise or fall?
OANDA:XAUUSD
by Alisa_Rokosz
Warning: Gold may continue to declineHello everyone, it’s me, Alisa, again. Let’s analyze today’s gold price movements together! Gold has dropped to $2,640 per ounce. This decline occurred after U.S. employment data was released more positively than expected, raising investor concerns about the possibility of the U.S. Federal Reserve (FED) continuing to ease monetary policy. According to the 1-hour technical analysis, Alisa observes that gold is in a downward trend. If no factors support a reversal, the key support level of $2,640 could be broken. Investors need to closely monitor market developments to make timely decisions. What do you think about today’s gold price? Let me know!
OANDA:XAUUSD
by Alisa_Rokosz
The Dollar Takes the Lead, Euro StrugglesHello everyone! Let's discuss the movements of the EUR/USD pair today! EUR/USD continues its downward slide today, dropping for three consecutive weeks as the USD strengthens. Investor sentiment has shifted towards safe-haven assets after Fed Chairman Powell's hawkish remarks and escalating tensions in the Middle East. This has put pressure on the Euro. Technical analysis suggests that if EUR/USD holds the support level at 1.101, the pair could potentially rebound and test the resistance level of 1.118. However, given the current geopolitical tensions, the likelihood of EUR/USD breaking through this resistance and maintaining an upward momentum is quite limited. On the other hand, if it fails to surpass 1.118, EUR/USD may reverse and even break below the support level of 1.101. What an unexpected day! This is Alisa's take, what about yours?
by Alisa_Rokosz
CYIENT LTD READY FOR A BLAST!NSE:CYIENT Cyient Ltd Analysis: Current Market Price (CMP): 2005 The stock is forming a Darvas Box pattern, indicating a potential breakout. A move above 2056 could trigger further upside momentum. Buy Range: 2000-2050 Upside Targets: 2189, 2200, 2400 Support Level: 1944 Watch for a breakout above 2056, with potential upside targets ahead. Support is at 1944 for downside protection. Disclaimer: This analysis is for educational purposes only. Conduct your own research before trading.
NSE:CYIENTLong
by ThirstyBull
XAUUSD GOLD AT MAKE OR BREAK LEVEL!!FOREXCOM:XAUUSD XAUUSD (GOLD) Analysis Current Market Price (CMP): 2503.44 Time Frame: 15 minutes Market Outlook: Gold is currently positioned near a critical level, with potential for further upward movement. A key resistance level at 2505 may be tested. If the price holds above this level, there is potential for further gains towards 2510, 2515, 2520, 2525, 2530, and 2545. Key Levels to Watch: Resistance Levels: 2505, 2510, 2515, 2520, 2525, 2530, 2545 Support Zone: 2499 - 2497 Potential Buying Opportunity: Around 2499 to 2497 Major Support Level: 2495 A break below this level could lead to a bearish move towards 2487. If 2487 is broken, the setup may turn bearish for the upcoming week. Conclusion: Traders should mark these levels on their charts and be prepared for both bullish and bearish scenarios. Consider buying near the support zone between 2499 and 2497 for potential upside gains, while keeping an eye on 2487 as a crucial level for potential bearish reversal. Disclaimer: This analysis is for educational purposes only and is not financial advice. Please conduct your own research before making any trading decisions.
FOREXCOM:XAUUSDLong
by ThirstyBull
PLASTIBLEN - A CONSOLIDATION BREAKOUT WILL IT SUSTAIN OR FIZZLE RSI on all time frames above 60 Price breakout with high volume ABCD pattern under formation on weekly charts Narrowing Bollinger Bands on weekly and daily charts Price moving on upper Band Major support 282- 308 zone Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:PLASTIBLENLong
by rajivrajeev
FINNIFTY (CNXFINANCE) - A BEARISH CYPHER PATTERN FORMED. NSE:CNXFINANCE ❇️Harmonic chart pattern: BEARISH CYPHER PATTERN 👉🏻The Cypher pattern is one of the most profitable harmonic patterns and is useful for risk management, because of the large success rate. Traders can minimize losses if they follow the Cypher trading rules and meet the profit target. 🚀How to use ❇️The Cypher harmonic pattern is a trading strategy that uses Fibonacci numbers to identify turning points in geometric price patterns. It can help traders predict future movements, determine when trends will reverse, and decide when to buy and sell. Here are some steps for using the Cypher pattern: ❇️1. Draw the patterns 👉🏻Start with a bullish or bearish impulsive move from point X to A. Then, use a Fibonacci retracement tool to find point B between 38.2% and 61.8% of XA, without closing past 61.8%. Next, use a Fibonacci expansion tool to find point C between 127.2% and 141.4% of the move from X to A, without closing past 141.4%. Finally, use a Fibonacci retracement tool to find point D by moving from X to C and reaching the 78.6% region. You can also use a Fibonacci expansion tool to find point D by moving from B to C and landing between 127.2% and 200%. ❇️2. Enter the pattern 👉🏻Traders can enter a Cypher pattern by setting a limit order at the 78.6% level or using a market order after the price starts to reverse. ❇️3. Set stop losses 👉🏻For a bearish Cypher, place stop losses just above point X. For a bullish Cypher, place stop losses just below point X. ❇️4. Set take profits 👉🏻Draw a Fibonacci extension from point C to point D and set multiple take profits. For example, you could set the first take profit at Fibonacci one, the second at 1.272, and the third at 1.618. You can break into the trade when any of the take profits are hit. Many traders partially close their position at point A, but you can also choose point C for a more aggressive approach ENTRY STATUS: ACTIVE ✅ TARGET 23440-23140-22555 (as per this harmonic chart pattern) SL 23670 🚀Happy trading 🫡 👉🏻 @thetradeforecast🇮🇳
NSE:CNXFINANCEShort
by thetradeforecast