Tata Motors - Simple Long SetupThe chart is self-explanatory. The price has been travelling in a higher high-higher low pattern for the last 5 years. This time comes to the lower levels.
In the recent 5-6 sessions, it has shown a bounce back.
If momentum continues, a bullish move may be seen ahead.
The risk-reward ratio is quite good for positional trading at these levels.
If it sustains below 610 levels on a closing basis for 2-3 days, the setup will lose significance.
All these illustrations are only for learning and sharing purposes; it is not a buy or sell recommendation.
All the best.
Longsetup
Fibre/EURUSD ready to move higher...Hello traders!
There is so much on the Daily chart of Fibre that points to obvious bullishness of the market that I could not place all of it on the chart. But I have marked what seemed crucial to be seen.
Market has taken smooth lows of 15th, 16th, 17th, & 20th January, 2025 and strongly rejected from 1.02113 . Also, observe how 20th January's daily candle shifted the market structure . We're inside a Bullish breaker on the daily, supported by a daily ifvg (check how the market has respected the consequent encroachment of that gap perfectly).
Things don't end here. DXY has broken the range to the downside with lower draws. Market symmetry is currently missing but Fibre should follow DXY soon.
The draw and the targets for the weekly range have been marked on the chart. Equal highs is the low hanging fruit.
Narrative is paramount when it comes to applying ICT concepts. That takes a lot of practice and time. Having said that, let's discuss when this idea will be marked as failed. 3 PDAs. If 3 PDAs fail on the daily timeframe, I'll not engage the market and wait for more feedback from the market.
Have a wonderful and learning-oriented week.
GLGT.
Gold: Buyers pause above $2,900 amid risk aversion concernsGold is maintaining its bullish momentum for the second consecutive day above $2,900 on Wednesday morning, as buyers take a breather ahead of the crucial ADP employment report in the US. This data could provide fresh insights into the Federal Reserve’s next interest rate move. Meanwhile, risk aversion sentiment fueled by concerns over a trade war may help limit gold’s downside potential.
At the same time, XAU/USD has held above the $2,900 level but retreated slightly from the intraday high of $2,927.91. The daily chart shows that gold has been on an upward trajectory for the second consecutive session, though another strong rally remains uncertain. In the short term, gold appears to be correcting overbought conditions.
Key Levels to Watch
Support levels: $2,894, $2,876
Resistance levels: $2,927, $2,941, $2,956
Max Financial - Low Risk SetupCMP 1032 on 20.02.25
It is clear from the chart that the stock price has been rising in a parallel channel in recent sessions. Right now it is at the bottom of the channel.
If gives a bounceback, may go into a bullish phase again.
The risk-reward ratio seems good at the moment.
The setup remains active when the price sustains inside the parallel channel.
Plz keep the position size according to the risk management.
All the above illustration is my own view. Shared only for learning purposes. It is not a trading recommendation in any form.
All the best.
USDJPY running for buystops... Hello traders!
One of the models I use got triggered on the 1h timeframe once the breaker failed. Expected draw and everything else mentioned on the chart pretty clearly.
I expect the market to reach the buystops resting at 150.739 , and expect the market to tap into the daily ifvg and the daily sibi .
For the daily -ifvg to act as proper inversion, I don't expect teh market to trade above the CE of the gap and hence the expected target of 150.810 .
Not financial advice.
GLGT.
BEML - Confluence of Supports Suggests a Potential Reversal!The weekly chart of BEML indicates a potential reversal as the stock approaches a critical confluence of support levels. After a significant correction from its all-time high, the price is now testing key technical levels that could act as a strong base for a bullish reversal.
Key Observations:
1. 200-Week EMA Support:
- The price is currently hovering near the 200-week EMA, which has historically acted as a strong dynamic support zone in trending markets.
2. Fibonacci Retracement:
- The stock is approaching the 0.618 Fibonacci retracement level, which is widely regarded as a golden ratio for potential reversals during corrections.
3. Potential Bullish Reversal:
- If the stock holds above this critical support zone, it could initiate a reversal toward higher levels.
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Let me know your thoughts in the comments! #BEML #TechnicalAnalysis #SwingTrading"
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Disclaimer:
This analysis is for informational and educational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Bajaj Finance - Breakout Confirmed! Heading Toward ₹11,850?Bajaj Finance (BAJFINANCE) has broken out of its multi-year consolidation range with strong momentum. The ascending trendline and breakout suggest a bullish continuation toward ₹11,850. Watch for pullbacks to enter long positions.
Key Observations:
1. Ascending Trendline Support:
- The stock has consistently respected the ascending trendline since 2021, with multiple bounces (marked by green arrows), indicating strong bullish momentum.
2. Breakout Above Resistance:
- After consolidating between for nearly two years, the price has finally broken above the resistance zone, confirming a bullish breakout.
3. Upside Potential:
- Based on the height of the previous consolidation range, the breakout target is projected at ₹11,850.
5. Strong Base Support:
- The ₹6,500–₹7,000 zone remains a strong support area in case of any pullbacks.
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Disclaimer:
This analysis is for informational and educational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.*
APARINDS - Fibonacci & EMA Confluence: A Reversal Opportunity?The weekly chart of *APAR Industries (APARINDS) suggests a potential reversal setup as the price approaches a critical confluence of support zones. After a strong upward rally, the stock is undergoing a healthy correction, which could provide an opportunity for long-term investors or swing traders.
Key Observations:
1. Fibonacci Retracement Support:
- The price is nearing the 0.618 Fibonacci retracement level, a key level often respected in trending markets.
2. 200-Week EMA Support:
- The 200-week EMA aligns closely with the Fibonacci level, adding further strength to this zone as potential support.
3. Reversal Zone Highlighted:
- The green rectangle zone marks the support zone suggesting a high probability of reversal.
So, APAR Industries (APARINDS) is approaching a critical support zone defined by the confluence of the 0.618 Fibonacci retracement and the 200-week EMA. This area has historically acted as strong support and could provide an excellent opportunity for long trades if bullish signals emerge. Let me know your thoughts in the comments! #APARINDS #TechnicalAnalysis #SwingTrading"
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Disclaimer:
This analysis is for informational and educational purposes only and does not constitute financial advice. Trading and investing involve significant risk of loss. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
SBICARD: Monthly Pennant Breakout - How High Can It Fly?NSE:SBICARD
The stock has given a pennant pattern breakout on monthly chart with good volume along with second month on consecutive buying
This month's closing would be interesting to watch as it'd confirm the follow on move
916.95 / 946 / 1149 will act as strong resistance levels especially 1149 which is around it's ATH level a monthly close above it will fuel the further rally.
Since it's ATH in September 2021 stock has been in a downtrend but seems like things are about to change for good
SBI Cards & Payment Services is India's second-largest credit card issuer and a subsidiary of SBI.
Market Position :
SBI Cards is a leader in the credit card industry, holding an 18.5% market share in card-in-force and a 15.7% share in spending. You'll find them actively expanding into Tier-2 and Tier-3 cities to tap into new markets. Plus, partnerships with brands like Apple and Singapore Airlines help them attract premium customers.
Recent Financials (Q3 FY25):
Revenue: ₹4,767 crore (up 1% YoY).
Net Profit: ₹383 crore (down 30% YoY).
Net Interest Income (NII): ₹3,790 crore (down 3.5% YoY).
Asset Quality: Gross NPA at 3.24%, Net NPA at 1.18%.
9-Month Performance (9MFY25):
Revenue: ₹14,300 crore (up ~2% YoY).
Net Profit: ₹1,200 crore (down ~25% YoY).
Where is SBI Cards Headed?
Management is optimistic, projecting annual revenue growth of 10%-15% over the next two years. The plan involves:
Tapping into smaller cities to bring in new customers.
Boosting the digital experience for seamless customer interactions.
Launching exciting co-branded cards aimed at high-value users.
And don't forget, potential RBI rate cuts in FY26 could lower borrowing costs and boost the bottom line.
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.
Eicher - Seeing A ReversalCMP 4703 on 17.02.25
All important levels are mentioned on the chart.
In the last 6 months, the stock price has taken support many times on the dotted line shown on the chart. This time again comes to the support.
The price is corrected around 10% after the earnings declaration.
Though it is a risky setup, the risk-reward ratio is quite good at present.
If gives a bounceback, upside targets may be 4910/5100 and 5300.
Keep your stop-loss strict according to risk management.
This is only for learning and sharing purposes, not a trading recommendation in any way.
All the best.
EURUSD: Will the bears reverse the trend?Dear Friends!
Selling pressure continues to weigh on the US Dollar and encouraged EURUSD to move to a fresh two-week high near 1.0500 following disappointing US Retail Sales figures.
Technically, as mentioned on the 3-hour chart, although the uptrend remains supported and the parallel price channel has been broken, there are signs of a potential top forming at 1.053. Current support is around 1.047. If this level is broken, it could send EURUSD lower, potentially reaching 1.041, which would coincide with a test of the 34 and 89 EMAs.
Have a nice day and good luck!
XAUUSD: Bulls are getting stronger!Hello everyone, let's find out the price of gold today!
Yesterday, gold prices fell sharply, with spot gold falling $45.60 to $2,883.10 an ounce. Gold futures were last trading at $2,894.60 an ounce, down $50.70 from this morning.
The main reason for the decline was profit-taking pressure. However, the precious metal still recorded its seventh consecutive weekly gain. Gold's gains this week were driven by safe-haven demand as President Donald Trump's plan to impose tariffs on countries that tax US imports raised concerns about a global trade war.
On the other hand, Peter Grant, vice president and senior metals strategist at Zaner Metals, added that there are some technical factors at play. Gold’s failure to hit an all-time high on Tuesday may have created a double top and some profit-taking ahead of the weekend, he said. Meanwhile, gold’s rally remains supported by a number of factors including tariffs, underlying inflation and a weaker U.S. dollar.
EURUSD: buy or sell?EUR/USD continued its recovery on Thursday, rising sharply above 1.0400 as the US Dollar (USD) took a hit.
The pair surged amid mixed market sentiment. A major correction in US bond yields, rising trade tensions and a cautious tone from Fed Chair Jerome Powell in his recent testimony added to the complexity of the story.
The current trend, coupled with the support of the 34 and 89 EMAs, gives us a bullish outlook for EURUSD. Current resistance is at 1.046 with support at 1.042 and 1.038. A break above the 1.046 resistance would open the way for further upside, as seen on the 1-hour chart. Traders can consider taking long positions.
Gold price trend on February 14, 2025Hello everyone, let's find out how the gold price is doing!
Yesterday, gold regained its bullish momentum as predicted and in line with the long-term trend, with the price reaching $2,934 at one point. The main reason for this increase is that the market has almost brushed aside the pessimistic fluctuations from the currency market, stocks, crude oil, etc... and negative economic reports. This is a sign that the demand for safe-haven gold is still strong, possibly including some central banks for gold, amid the uncertainty and concerns about new US trade tariffs, which could slow down global economic growth, supporting gold.
As observed closely on the 1-hour chart, we can see that gold is moving above the 34 and 89 EMAs, plus the trend has not been broken yet, giving us a bullish outlook for gold. Gold is trading near the resistance level of 2934 with support near the 34 EMA at 2908. A break above the resistance level of 2934 will open the doors for further upside. Consider taking a long position.
Wishing you a profitable trading day!
GOLD → Trading strategy for 500 PipsHello dear traders, let's discuss and plan our gold trading strategy for today together!
Currently, gold is trading around $2913 and performing well within the 1-hour upward channel.
The main reason for this price increase is market sentiment, as Trump's tariff policies could potentially trigger a trade war. Additionally, the cryptocurrency market is in crisis, causing investors to seek safe-haven assets like gold. Furthermore, strong gold buying pressure from Asian countries at the start of the year is also driving demand.
As shown on the 1-hour chart, gold remains above the EMA 34, 89 lines, confirming a strong bullish trend. Despite positive CPI data for currencies, gold's strong recovery signals that buying pressure has returned.
In the short term, we continue to prioritize buy-on-dip strategies :)
BUY zones to watch:
2875 - 2880
2850 - 2855
2830 - 2835