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Kopran Basic Demand Supply in Price Action with Waves.Kopran if we observe price action we can see basic demand supply theory on charts In Feb 2024 it reached 292 levels & with good supply it pull backed towards 200 levels in march. Again in April it tried to reclaim 292 levels but with more supply it rolled back to 200 levels. In Aug 2024 it managed to absorb all supply & trade above 292 levels then every pull back towards 292 became demand zone it happened in 1st week of Sept now we are at same pattern in first week of Oct. Its looks like Wave 4 pullback which is 50% retracement of wave 3 rise so idealy wave 5 can take price 400 levels confirmation will be trade above 310.
NSE:KOPRANLong
by churiwalvikram
Gold Prices Decline for 6 Consecutive Sessions, Facing ResistancGold prices fell for the sixth consecutive session on Wednesday (October 9), driven by a stronger USD and diminished expectations for a more aggressive rate cut in November 2024. Gold is currently hovering around $2,608.880, after hitting a key support level at $2,575.921. This is a crucial support zone that buyers need to defend to prevent further declines. At present, gold is facing strong resistance at $2,648.815 and $2,624.834. If these levels cannot be surpassed, gold is likely to continue correcting down to the nearest support at $2,575.985. However, if buyers manage to push prices past the current resistance, the market could see a short-term rally. The RSI indicator is currently at 36.19, suggesting that bearish momentum still dominates and warning of a potential deeper correction.
OANDA:XAUUSD
by Zola_Hello
EUR/USD Breakout Towards 1.1300Currently, EUR/USD is in a consolidation phase after a recent rally. The price is fluctuating between support at 1.10835 and resistance at 1.12106. The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend. Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the nearest high. A breakout scenario may occur around the 1.11438 region. If the price breaks through this level and continues past resistance at 1.12106, there is a high chance of a strong rally up to 1.1300. Recently released inflation data will significantly impact EUR/USD. If inflation comes in higher than expected, it could support the Euro's rise.
Long
by Romio_pro
Gold Price Drops as Investors Take ProfitsThe XAU/USD chart presents an interesting market scenario, with gold currently hovering around $2,636.120. Key support levels at $2,613.983 and $2,607.217 act as a "shield" for buyers, preventing deeper declines. The strong resistance at $2,677.741 has become the primary target. If gold surpasses this level, a continued upward momentum could occur, aiming for new highs. The breakdown of Middle East peace talks, weakening U.S. job market, a potential 0.5% rate cut by the Fed, and China's stimulus boost – these factors may drive gold prices higher in the future.
OANDA:XAUUSDLong
by Romio_pro
GBP/USD: Break $1.34277 or Pull Back to $1.33605?The GBP/USD chart on September 30th paints a dramatic scenario as the price hovers around $1.34090, preparing to confront the strong resistance at $1.34277. This is the "wall" that if the buyers can overcome, a new journey toward higher peaks will begin. However, the battle won’t be easy. If the price is rejected at resistance, a correction toward the support zone at $1.33605 could happen, giving the sellers the advantage. With support from the EMA 34 at $1.33816 and EMA 89 at $1.33378, the price might find stability. What heightens the market's tension now is the influx of economic news from the U.S. Traders are anxiously awaiting key factors that will determine whether GBP/USD will see a spectacular breakout or a retracement. All will be revealed in the coming sessions!
Long
by Romio_pro
XAU/USD: Break Through $2,683 or Correct Down to $2,644?The XAU/USD chart reveals a critical situation as gold prices hover around $2,659.915. Currently, strong support at $2,644.626 is helping to prevent a deeper decline. The EMA 34 and 89 lines at $2,652.357 and $2,618.574, respectively, are also playing a role in supporting the uptrend. The key resistance level to break is $2,683.746. If the price can breach this level, the potential for continued upward momentum to higher levels will open up. However, if it fails, the likelihood of a downward correction becomes clearer, with the target being the lower support zone. Additionally, hot economic news from the U.S. and significant updates from the Fed could strongly influence gold price movements in the near future.
OANDA:XAUUSDLong
by Romio_pro
The New Week Begins with Positive Signals for EUR/USDHello everyone. Let’s take a look at the movement of the EUR/USD pair in this Monday morning trading session. The EUR/USD pair opened the new week at 1.1159, indicating an upward trend. The weakening of the US dollar, driven by expectations of the Fed easing monetary policy, has supported the Euro’s rise. Additionally, recent economic data from the Eurozone has also shown positive signs. The currency pair is displaying an upward trend within a price channel. With solid support at 1.115, breaking through the resistance level at 1.120 will confirm the uptrend and open opportunities for higher price targets. Once the old resistance level is broken, it will become new support, reinforcing the upward momentum. What about you? What are your targets for EUR/USD in the near future? Share your thoughts with me!
by Alisa_Rokosz
XAU/USD: Break Resistance at $2,680 or Correct to $2,645?The analysis of the XAU/USD chart shows that gold is currently priced at $2,658.550, with strong support at $2,645.331. From the chart, it is clear that the upward trend is still being maintained, thanks to the support of the EMA 34 and EMA 89 levels at $2,658 and $2,633.502, respectively. The key resistance at $2,680.809 is the barrier that the price needs to break through if it is to continue reaching higher levels, with the next target at $2,697.070. However, if the price fails to maintain its upward momentum and drops below the $2,645.331 support level, a deeper correction may occur. In the current market context, important economic news from the U.S. and statements from Fed officials will be key factors that could significantly impact gold price movements in the coming days.
OANDA:XAUUSDLong
by Romio_pro
3
XAU/USD: Ready for a Breakout or Awaiting a Pullback?The XAU/USD chart is revealing a dramatic story. Gold prices are currently fluctuating around $2,669.635 after touching a strong resistance at $2,685.180. The bulls are defending the critical support level at $2,649.955, with two solid defensive shields — the EMA 34 and EMA 89 positioned at $2,639.497 and $2,594.206 — keeping the upward momentum intact for gold. However, the real challenge lies at the $2,685.180 resistance level. Should the price break through, the door will open to new highs, with the next target set at $2,699.470 — a crucial resistance zone. As waves of economic news from the U.S. and key statements from the Fed roll in, this is the moment for savvy and alert traders to take action.
OANDA:XAUUSDLong
by Romio_pro
1
MOIL Ltd. (LONG SETUP)NSE:MOIL Company Overview: MOIL Ltd MOIL Ltd ( Manganese Ore India Limited) is a leading producer of manganese ore in India, playing a crucial role in the country's steel industry. The company has a strong market presence and operates several mines across India. MOIL's manganese ore is vital for producing ferroalloys, which are key inputs in steel production. PE Ratio: MOIL Ltd currently has a price-to-earnings (PE) ratio of 23, which indicates that the stock is reasonably valued compared to its earnings. This ratio suggests that investors are willing to pay 23 times the company's earnings per share, which is aligned with industry averages. Technical Analysis: Uptrend and 200-DMA Support: MOIL Ltd is in a strong uptrend, supported by several key technical indicators: 200-Day Moving Average (DMA) Support: The stock has consistently found support at the 200-day moving average, a crucial long-term trend indicator, which suggests that the underlying trend is bullish. RSI in Oversold Zone: The Relative Strength Index (RSI) is currently in the oversold zone, indicating that the stock may be undervalued in the short term and could be poised for a rebound. Investment Idea: Buy Setup: Entry: Consider buying in the 420-425 range. This price range provides a good entry point, especially given the support from the 200-DMA and the oversold condition on the RSI. Stop Loss: Place a stop loss below 370 to protect against potential downside risks. This stop loss level ensures that losses are minimized if the stock breaks below key support levels. Targets: Set multiple targets to capitalize on potential gains: First Target: 480 Second Target: 550 Third Target: 620 Conclusion: MOIL Ltd offers a solid investment opportunity with a combination of fundamental strength and favorable technical indicators. The stock's support from the 200-DMA and the RSI in the oversold zone suggest a potential rebound. Buying in the 420-425 range with targets at 480, 550, and 620, and a stop loss below 370, provides a balanced approach to risk and reward. Consider your risk tolerance and market conditions before making any investment decisions. Thanks & Happy Trading S_Rawat Disclaimer: This idea is shared for educational purposes and should not be interpreted as financial advice. Please conduct your own research and consider your individual financial circumstances before engaging in any trading activity.
NSE:MOILLong
by S_Rawat
Jio Financial Services LtdNSE:JIOFIN Long Position on Jio Financial Services Ltd Best Buy : 280+ Stop Loss : Below 255 Targets; 310/360/400/440+++++ About: Jio Financial Services Ltd, a subsidiary of Reliance Industries Limited (RIL), has been rapidly expanding its footprint in the financial services sector, leveraging the extensive customer base of Jio Platforms. With India's growing digital adoption and increasing demand for fintech solutions, Jio Financial Services is well-positioned to capitalize on these trends. Additionally, the backing of RIL provides stability and resources for sustained growth . Technical : Breakout of ascending triangle pattern. Good support from lower levels. Breakout with good volume. Good Risk to Reward Ratio. Thanks & Happy Trading Disclaimer: This idea is only for educational purposes, Please Trade at your own RISK''
NSE:JIOFINLong
by S_Rawat
1
USD/JPY: Break Through $143.593 or Face a Deep Correction?The USD/JPY chart reveals an intense battle between buyers and sellers as the price hovers around $142.215. The support level at $141.682 acts as the final "shield" against any deeper declines. The current focus is on the key resistance at $143.593. If USD/JPY can break through this level, the path to $146.010 will open, offering a chance to reach new highs. However, if buyers fail to maintain momentum and the price falls below the $141.669 support, the pair may face a strong correction, pushing the market into a high-risk zone. Crucially, major economic news from Japan and unexpected moves from the BoJ will be decisive factors, with the potential to shift the course of this battle at any moment. Will USD/JPY rise to the challenge or retreat under market pressure?
Long
by Romio_pro
1
HDFC BANK - AN INVESTMENT PICK AT MOUTHWATERING VALUATION?The HDFC Bank extended decline today, after marking its biggest single-day drop since March 2020.In the last two days alone, HDFC Bank has corrected more than 12%. This decline is fine but there's another picture to it which no one is talking about. While there is so much panic among investors and traders but this panic can be a good investment opportunity. There exists a curve resistance at long term charts around 1700-1720 levels which HDFC respected this time also and fell from that level. On the other hand, If we talk about technical patterns, There is a clear Inverse Head & Shoulders pattern in making at long term charts. Such long term chart patterns don't fail most of the time. HDFC current market price is 1500 and It is trading at a support zone of 1480-1500 & valuation is good at cmp. Inverse Head & Shoulders pattern breakout level is 1690-1700. Breakout of this pattern will take it to 2200 levels which is approximate 46-47% upside from current level. Incase It falls further, then It can be added more at 1450-1420-1400 levels. This could be a great investment for long term investors.
NSE:HDFCBANKLong
by akshit_official
17
XAU/USD: Awaiting a Breakthrough at $2,720 or Correction?The XAU/USD chart on September 26 tells an exciting story of gold's bullish momentum. After hitting $2,661, gold is steadily advancing, shielded by two strong supports—EMA 34 at $2,540 and EMA 89 at $2,448. These support levels act as fortresses, holding buyers firm and allowing gold to continue climbing. However, all eyes are now on the key psychological resistance near $2,720, a critical barrier that, if broken, could pave the way for new highs. Upcoming FOMC statements could significantly impact XAU/USD.
OANDA:XAUUSDLong
by Romio_pro
EUR/USD: Break $1.12009 Resistance or Correct?The EUR/USD chart from September 26 reveals a dramatic race between buyers and sellers. After reaching $1.11540, all focus is now on the tough resistance at $1.12104 — the barrier that will determine whether EUR/USD can continue to break out. The support level at $1.11172 acts as a strong shield, maintaining the upward momentum. If this resistance is broken, the pair could unlock potential for new highs. In this context, any shifts from Fed statements or Eurozone economic data could dramatically alter the outcome.
Long
by Romio_pro
EUR/USD: Break $1.1253 Resistance or Await a Pullback?EUR/USD is currently climbing around $1.11950, strongly supported by two solid "fortresses" at EMA 34 and EMA 89, located at $1.11390 and $1.11107. A clear uptrend has formed, with solid support at $1.10864, ensuring the momentum remains intact. The key focus now is on the critical resistance at $1.1253 — the gatekeeper determining whether the uptrend can break through to new highs. With significant economic factors from the US and Europe on the horizon, including key Fed speeches and PMI data, the market may experience sharp volatility. Traders should be ready for action: will you seize the breakout opportunity or wait for a pullback to enter at an optimal level? Opportunity favors the prepared!
by Romio_pro
XAU/USD: Historic Breakout or Awaiting a Pullback?Gold prices continue to shatter records, reaching an all-time high of $2,664, fueled by declining consumer confidence in the US, weakening Treasury yields, and a softer US dollar. Two strong support levels at $2,629.123 and $2,613.812, protected by the EMA 34 and EMA 89, act as shields for gold’s bullish momentum. However, the biggest hurdle remains the resistance at $2,685.993 – the key level that will determine whether gold can continue its upward climb to new heights. If the price breaks through this resistance, the potential for further gains looks promising. Meanwhile, economic news from the US and statements from the FED could change the game at any moment. Traders, be ready – opportunities like this don’t come twice. Get set for a powerful breakout!
OANDA:XAUUSDLong
by Romio_pro