NIFTY will reach 24300 ?Will NIFTY reach 24300?
Comment Yes or No?
These charts are only for learning and illustrative purposes; this is not for trading purposes.
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What will be the trading range of an instrument? Example Nifty 5Hi, Traders.
In order to know how much an instrument is likely to move in a trading session, if we find out the ranges in which it has generally moved, and in what range set it was seen more number of times, then it becomes easy to estimate its probable move.
As an example, over a period 2297 trading days, Nifty was mostly seen in the -1% to 1% ranges only. So when trading Nifty, go with a probability of -1 to 1 move.
How to draw the upper and lower levels?
Take yesterday's close and multiply with 1.01 for +1% upper range value.
Similarly yesterday's close * 0.99 will give lower range value.
You can then draw Fibonacci from the upper value to lower value or follow your set-up. Whiche er way you follow, this approach should help you set your expectations on any instrument.
Senores Pharma: Cup & Handle - Ready for Some Action?NSE:SENORES
Senores Pharma is forming a potential cup and handle on the daily timeframe. A breakout attempt on Feb 6, 2025, failed to sustain above ₹607.35 as selling pressure came in second half.
Now, the cup and handle pattern is progressing, making next week crucial. A close above ₹607.35 is the key level to watch for confirmation.
Volumes are rising, with today's volume (Feb 21, 2025) nearly 5x yesterday's. The stock's resilience despite market pressure indicates strength.
Cup and Handle pattern usually don't disappoint so would be interesting to watch.
Senores Pharmaceuticals is a research-driven company focused on developing specialty pharmaceutical products for regulated markets. The company has shown impressive financial performance:
Recent Financials (Q3 FY25):
Net Sales: ₹106.4 crore (up 35% YoY from ₹78.7 crore in Q3 FY24)
QoQ Performance: Increased from ₹104.4 crore in Q2 FY25 (up 1.92%)
EBITDA: ₹29.1 crore (up 92% YoY)
PAT: ₹17.2 crore (up 142% YoY from ₹7.1 crore in Q3 FY24)
9MFY25 Performance:
Total Revenue: ₹288.1 crore (up 157% YoY from ₹112.1 crore in 9MFY24)
PAT: ₹40.7 crore (up 162% YoY)
Market Position : The stock has outperformed its sector and the broader Sensex, achieving consecutive gains over the past month and trading above multiple moving averages.
Future Projections : Management anticipates a top-line growth of 50%-60% for FY26, with plans to launch five new products in the current quarter.
Strategic Focus : Continued investment in R&D and infrastructure development is expected to enhance manufacturing capabilities and expand product offerings.
Bitcoin Surpasses $98,000, Breaking Key Resistance at $97,763After a period of consolidation and sideways movement, Bitcoin, often referred to as digital gold, has successfully broken through the $98,000 mark, reaching a closing price of $98,305 on February 20, 2025.
Bitcoin has thus closed above $ 98000 level, for the first time, since February 4, 2025, signaling a potential shift from a neutral consolidation phase to a renewed bullish trend.
Key Support and Resistance Levels
The current price movement suggests a crucial support level at $96,415. Bulls must maintain this support to prevent a possible retracement. On the upside, Bitcoin faces significant resistance levels at $101,328, followed by $102,377 and $104,442. A successful breakout above these levels could pave the way for Bitcoin to test its all-time closing high of $106,144.
Technical Indicators Flash Bullish Signals
On the technical front, key indicators have turned bullish. The Moving Average Convergence Divergence (MACD) has flipped into positive territory, indicating a growing upward momentum. Additionally, the Relative Strength Index (RSI) is trending higher, moving towards overbought levels, which suggests increased buying pressure.
Macroeconomic and Political Factors Driving Sentiment
Apart from technical factors, broader macroeconomic and political developments are influencing Bitcoin’s bullish sentiment. Traders are closely watching the Trump administration’s evolving stance on cryptocurrency regulations.
Recent reports suggest that the administration is exploring the possibility of establishing a national Bitcoin reserve, a move that could have far-reaching implications for institutional adoption.
Furthermore, individual U.S. states have reportedly started planning their own Bitcoin reserves, further fueling bullish sentiment among crypto investors. The potential launch of cryptocurrency-focused exchange-traded funds (ETFs) by major financial institutions is also being viewed as a catalyst for Bitcoin’s continued upward trajectory.
Market Outlook and Investor Strategy
As Bitcoin enters a potential breakout phase, traders and investors should remain vigilant about upcoming resistance levels. A decisive move above $101,328 could accelerate Bitcoin’s rally, while any rejection at key resistance points may lead to short-term pullbacks.
Overall, Bitcoin’s latest surge above $98,000 underscores the strengthening bullish sentiment and increasing institutional interest in digital assets. The coming weeks will be crucial in determining whether Bitcoin can sustain its momentum and reach new all-time highs.
Maruti 12500 feb pe & 12300 ceHi guys, this is my new effort to do analysis using option chart. I have taken Maruti 12500 feb pe and Maruti 12300 feb ce. For option buyers.
Maruti 12500 feb pe : Price is consolidating in a narrow range and it can give break out. Buy above 215 with the stop loss of 203 for the targets 238, 256, 272 and 294. If the stock is more bearish, price can move towards 312 and 340.
Maruti 12300 feb ce : Price has formed double bottom. Buy above 132 with the stop loss of 118 for the targets 148, 164, 182 and 196.
To trade options, you should do analysis on the particular stock and should have good understanding about market structure.
GOLD Futures ShortThe entire world is bullish on gold. It has run up too much. It looks too stretched. Any possible news that missing gold is found or there is more gold than estimated will send it back down.
There is a gap as well around $2700. I see a 10% correction within 2-3 months.
Support and Resistance Part 1A support and resistance level is simply a level in a market at which traders find a price to be overvalued or undervalued depending on current market dynamics. This creates a level in the market that can act as support or resistance depending on various factors surrounding each currency.
When it comes to charting support and resistance levels, keep it tidy and focus on the levels closest to your current price action. If you start scribbling levels all over the place, your chart will look like a toddler’s doodle, and you’ll lose track of which levels to keep an eye on and which ones carry more weight.
Support Zones: Rather than a precise price point, support is usually identified as a price zone. Within this zone, numerous market participants often place their buy orders. And a resistance level is a point where it’s likely to stop rising and start falling – these are always located ABOVE the current price.
NG Next Move SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Gold price update: Dipped and then bounced back strongly!Hello dear traders! Do you think XAUUSD should be bought or sold?
Yesterday, after reaching $2,945 per ounce, gold prices saw some profit-taking from investors, causing a sharp decline of tens of dollars per ounce during the overnight session.
However, soon after, an unexpected influx of capital poured into the gold market. The main catalyst for this was a sell-off in the U.S. stock market, as investors grew concerned that President Donald Trump’s administration might introduce a series of new policies, including multiple tariffs, just a month after taking office.
This sparked fears of an economic slowdown and rising inflation, prompting financial investors to shift their capital into gold as a safe-haven asset.
As a result, when gold prices dropped to $2,915 per ounce, strong buying pressure emerged. Gold quickly rebounded, escaping the downward trend and closing the week on a positive note at $2,936 per ounce.
So, what’s your take? Buy or sell?
DOW JONES - TRIANGLE AT RESISTANCE - EXPECTING SELL OFFSymbol - DJI
CMP - 44593
The Dow Jones Industrial Average is currently trading within a symmetrical triangle pattern, indicating a period of consolidation. This technical structure suggests that the price is experiencing a balance between buyers and sellers, with no clear directional bias in the immediate short term. The breakout of this triangle, whether upwards or downwards, will likely determine the next significant move in the market. At present, my personal bias is towards the downside, anticipating a potential bearish breakout.
Currently, the key resistance zone for the Dow Jones lies between 44900 - 45100. This range is proving to be a formidable barrier for upward price movement. Until this zone is decisively broken to the upside, the continuation of the bullish trend appears unlikely. The market is facing significant resistance, and it seems that for any sustained bullish momentum, a strong move above this level is required.
If the triangle pattern breaks downwards, it could signal a correction that may lead the price to form a double top pattern on the larger time frame. A double top is a classic bearish reversal pattern, and its formation would likely confirm a shift from the prevailing bullish trend to a more bearish outlook. In this scenario, traders should be cautious of further downside risks, especially if the price breaks key support levels.
However, if the price manages to break above the resistance zone of 45100 and sustains that move, the bullish trend would likely continue, and any short positions would be invalidated. A breakout above this key resistance would indicate a strong continuation of the uptrend, signaling that the market is poised for further gains.
Bitcoin Bybit chart analysis February 21Hello
It's a Bitcoinguide.
If you have a "follower"
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If my analysis is helpful,
Please would like one booster button at the bottom.
Here is the Bitcoin 30-minute chart.
Nasdaq indicators will be released at 12 o'clock shortly.
Nasdaq is moving sideways in the 6+12 pattern
From the Top section to the Good section at the top,
It is the resistance line of the Bollinger Band daily chart.
(Best short entry section)
I created today's strategy with the important conditions above.
* Conditional long position strategy when the red finger moves
1. 98,332.5 dollars long position entry section / cut-off price when the green support line breaks
2. 99,740 dollars Top section long position 1st target -> Good 2nd target
The target price at the top is important.
By 9 am tomorrow morning when an additional daily candle is created
If it reaches the Top-> Good section
After long profit taking, short position switching -> long position is autonomous
I think it would be good to look at the final 1+4 section.
(Currently, 1st section, around 97875.5 dollars)
After finishing today with an upward sideways movement
If it reaches the top section tomorrow,
You can continue to maintain a long position by modifying the stop loss price.
Refer to Great -> Miracle at the top.
This part is a strategy based on the shape of the resistance line on the daily chart.
If it deviates from the current position,
The bottom section becomes the 1+4 section
And then the 2nd section
Please check the shape of the support line on the daily Bollinger Band chart over the weekend.
Please use my analysis so far for reference and use only
Thank you for your hard work this week.
Thank you.
Gold price update: The bullish wave continues to dominate!Today, the world gold price continued to increase sharply, reaching a new record of 2,955 USD/ounce, approaching the 3,000 USD/ounce mark.
This increase was driven by investors' demand for safe haven amid concerns about the global trade war, after US President Donald Trump threatened to impose new tariffs. In addition, central banks continued to buy gold, which also contributed to pushing prices higher.
Forecast:
Goldman Sachs has raised its forecast for gold prices by the end of 2025 to 3,100 USD/ounce.
If concerns about US public debt increase, gold prices could reach 3,250 USD/ounce by December 2025.
Mahindra & Mahindra Date : 21.02.2025
Mahindra & Mahindra
Timeframe : Day Chart
Key Points :
Good profit growth of 121.66% for the Past 3 years.
Good revenue growth of 30.31% for the Past 3 years.
Has significantly decreased its debt by 3,058.84 Cr.
Maintaining healthy ROCE of 20.26% over the past 3 years.
Virtually debt free.
Healthy Interest coverage ratio of 53.72.
Company’s PEG ratio is 0.49.
Has an efficient Cash Conversion Cycle of -35.20 days.
Has a good cash flow management; CFO/PAT stands at 1.66
Current Impact :
1 Tesla entry in India amid huge expansion of M&M in EV segment is hurting sentiment
2 Tariff on imported EV slashed 100% to 15%
Regards,
Ankur
Gold trading strategy target 500 Pips!Gold prices today continue to hover around $2,936 per ounce, showing little movement compared to the previous session. Currently, the precious metal remains within the range of the Bollinger Bands, with no clear directional trend established.
However, safe-haven demand continues to support gold as investors grow increasingly concerned about economic growth prospects, particularly following President Donald Trump's new tariff plans. Ongoing trade tensions, tariff policies, and geopolitical uncertainties worldwide are providing stability to gold prices.
Additionally, the market is closely monitoring the U.S. Federal Reserve's (Fed) interest rate policy. The Fed has yet to offer a clear assessment of the impact of tariffs on inflation. Nevertheless, expectations for a rate cut are rising, with a high probability of at least one 25-basis-point reduction and a 44% chance of an additional cut in December. This could further support an upward trend in gold prices in the coming months.
Manual Trading vs. Algo Trading: What’s the Future?Hello Traders!
In today’s post, we’ll explore a hot topic in the trading world – Manual Trading vs. Algo Trading , and discuss the pros and cons of each. These two approaches to trading have been gaining popularity, but the question remains: which one is better, and what does the future hold for both?
What is Manual Trading ?
Manual trading is the traditional form of trading where the trader makes all the decisions. This includes identifying entry and exit points , using technical indicators , and analyzing the market to make informed decisions. Traders who use manual trading rely heavily on their experience , emotion , and intuition to decide when to buy or sell.
What is Algo Trading ?
On the other hand, Algo trading uses computer algorithms and pre-programmed instructions to execute trades. It’s based on a set of rules, such as price , volume , and time , to determine when a trade should be placed. This method eliminates human emotion, and trades are executed with precision and speed, often in milliseconds . Algo traders use advanced tools like artificial intelligence (AI) , machine learning , and big data to build smarter trading strategies.
Pros of Manual Trading
Human Element : Manual traders can rely on their intuition, experience, and emotions to make informed decisions. This helps them adjust to market nuances and situations that algorithms may miss.
Flexibility : Manual traders have the ability to make on-the-spot decisions based on changing market conditions.
Emotional Control : Although emotions can be a downside, a skilled manual trader knows how to manage emotions effectively, which allows them to make calculated decisions.
Pros of Algo Trading
Speed and Efficiency : Algo trading can process large amounts of data quickly, making trades in milliseconds. This can be advantageous in fast-moving markets.
Reduced Emotional Bias : Since the algorithm follows strict rules, there’s no emotional interference, making the process more rational and systematic.
Backtesting : With algo trading , traders can backtest strategies against historical data to see how the algorithm would have performed, helping to fine-tune strategies.
24/7 Trading : Algo trading can run continuously, taking advantage of global markets and never missing trading opportunities.
Cons of Manual Trading
Time-Consuming : Manual trading requires a lot of attention and focus, which can be mentally exhausting, especially during volatile markets.
Emotional Impact : Emotions such as fear and greed can affect a trader’s decision-making process, leading to mistakes.
Limited to Available Time : Traders are limited by time and must be physically present to execute trades.
Cons of Algo Trading
Technical Issues : Algorithms can fail or face technical glitches, leading to unexpected losses.
Lack of Adaptability : Algorithms are designed to follow rules, which means they may not adapt well to unexpected market events or major news.
Over-Optimization Risk : Over-optimized strategies may perform well in backtests but can fail in real market conditions.
The Future of Trading
As technology continues to advance, the future of trading will likely see more integration of AI , big data , and machine learning in both manual and algo trading . While algo trading will continue to dominate for its speed, efficiency, and ability to trade large volumes, manual trading still holds value for traders who rely on their judgment, intuition, and ability to adapt to rapidly changing market conditions.
Conclusion: Manual trading and algo trading each have their unique advantages. If you’re someone who enjoys making quick decisions and analyzing the market based on real-time information, manual trading might be your best fit. However, if you prefer speed , automation , and trading without emotional bias, algo trading could be the way to go.
What are your thoughts on Manual Trading vs. Algo Trading ? Share your experience and insights in the comments below! Let’s learn from each other!
Nifty levels - Feb 24, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
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Wishing you success in your trading activities!
GBP/USD – Is a New High Coming?Hello everyone! What are your thoughts on GBP/USD?
In the previous session, GBP/USD saw a mild increase following the UK’s January inflation data release. However, later in the day, the U.S. dollar (USD) strengthened due to risk-averse market sentiment, leading to a pullback in the pair. The Federal Reserve’s January meeting minutes revealed that some policymakers were concerned about potential policy changes in trade and immigration, which could slow down disinflation progress.
Meanwhile, the U.S. 10-year Treasury yield fell to 4.5%, making it harder for the USD to gain demand, which helped GBP/USD maintain stability.
From a technical perspective, GBP/USD has been range-bound around 1.2668, showing limited volatility. The bullish trend remains intact, and a short-term correction could occur before the pair establishes a new high and strengthens its uptrend further.
NIFTY ANALYSIS 21-FEB-2025: BIGGER PICTURE: BULL or BEAR?LTP: 22803
SUPPORT: 22700; RESISTANCES: 22955/23055
As per my view, Nifty trading at the support zone. Past three attempts, 22755/700 holding the support.
If that continue to hold and a decisive break of 22955/23055, we can see trend reversal for 27K/30K.
I expect slow and steady in the coming months.
Alternatively, If Nifty breaks 22700, we can see 22500/250/21900/777 and 21500 in extension.
AS OF NOW, my view Neutral to mildly bullish.
Nifty 50 spot 22795.90 by the Daily Chart viewNifty 50 spot 22795.90 by the Daily Chart view
- Nifty 50 Index 22775 to 22950 Support Band is yet sustained
- Long shot deep Support Zone seen at 22125 to 22350 which for now seems bit (un)likely by current technical chart status setup
- Just a flag to highlight : Nifty Index had dipped up to 22720 in recent past few days and similar levels was Resistance Level in April 2024 for 23K Index target
- Few of the Gap Ups and Gap Down openings, yet are remaining to get closed and filled in below the Old Long Shot Support Zone at 22125 to 22350 for Nifty Index levels
#Banknifty directions and levels for February 21:Bank Nifty:
It is similar to the Nifty structure. If the market takes a pullback around the immediate support level, we can expect a range market leading to a continuation of the rally. Alternatively, if it shows a solid correctional structure, then the correction will likely continue towards 48,845 to 48,762.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in RELIGARE
BUY TODAY SELL TOMORROW for 5%
what is Database trading ?**Database trading** refers to a type of algorithmic trading that relies on vast amounts of historical and real-time market data, often stored and analyzed in databases, to identify patterns and make trading decisions. It uses the power of **data-driven strategies** to execute trades automatically based on specific criteria derived from the analysis of data stored in databases.
Key aspects of database trading:
### 1. **Data Collection & Storage**:
- Traders collect large datasets from various sources, including historical price data, order book data, economic indicators, news, social media, etc.
- This data is stored in **databases** (such as SQL databases, NoSQL databases, or data warehouses) to be processed and analyzed later.
### 2. **Database Management**:
- The data needs to be efficiently managed and organized in a way that it can be easily accessed, queried, and processed. Databases provide this structure and support for quick access to the data for analysis.
### 3. **Backtesting Strategies**:
- One of the main uses of databases in trading is **backtesting**. Traders can test their trading strategies on historical data stored in the database to see how well they would have performed in the past before applying them in live markets.
### 4. **Algorithmic Trading**:
- Once a strategy is backtested, the data can be used to program **trading algorithms** that will analyze the data in real-time and execute trades based on predefined rules and conditions.
- These algorithms may rely on factors like price movements, technical indicators, market sentiment, and volume data, all of which are stored in databases.
### 5. **Real-Time Trading**:
- As market conditions change, real-time data is continuously fed into the database. Trading algorithms use this live data to make decisions and execute trades automatically, without the need for human intervention.
### 6. **Machine Learning and Data Mining**:
- Advanced database trading can incorporate **machine learning models** and **data mining techniques** to identify hidden patterns in large datasets.
- These models are trained on historical data stored in databases and can adapt to changing market conditions, making decisions that might not be obvious to human traders.
### 7. **Risk Management**:
- Database trading often includes built-in risk management tools. By tracking data points such as volatility, price fluctuations, and other risk factors, algorithms can manage positions, set stop losses, and protect against significant losses.
### Benefits of Database Trading:
- **Speed and Automation**: Database trading systems can process and execute trades much faster than human traders.
- **Data-Driven Decisions**: The use of large datasets allows for decisions based on comprehensive information rather than intuition or limited data.
- **Backtesting and Optimization**: Traders can optimize strategies and assess potential risks using historical data before live trading.
In summary, **database trading** is about using sophisticated data management and algorithmic trading systems to make informed, automated trading decisions. It enables traders to leverage vast datasets and computational power to identify profitable trading opportunities and execute them efficiently.
