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GOLD PRICE TECHNICAL ANALYSIS ( DAILY CHART )Fiday’s pullback in Gold price from near 8-day highs of $2,048, the path of least resistance still remains to the upside. The daily technical setup for Gold price will continue to favor bullish traders so long as the 14-day Relative Strength Index (RSI) indicator holds above the midline and the price manages to defend the 21-day Simple Moving Average (SMA) at $2,016. A daily closing below the latter could fuel a fresh decline toward the 50-day SMA at $1,982. However, the $2,000 threshold could be a tough nut to crack for Gold sellers. On the flip side, acceptance above the $2,040-$2,050 region is critical to resuming the Gold price recovery toward the $2,100 psychological level. The next bullish target is envisioned at the all-time highs of $2,144. REGARDS TRADE WITH RITIK
OANDA:XAUUSDLong
by tradewith_ritik
Gujrat Gas Ltd. Possible Breakout in Gujrat Gas Ltd. Best Buy: After breakout of the triangle pattern @ 500 to 510 OR Buy if found near support of 470-480. Stop Loss : 460 & After breakout 470-80 Target: 570/640/700/750+++ Reasons to buy: 1: Good weekly support from the bottom. 2: Possible Symmetrical triangle breakout. 3: Trending just above the 200ma. 4: Taking good support from the 200ma line. 5: Good ROI. PS: Kindly trade with strict Stop Loss , as Symmetrical Triangle may break in any direction. Thanks Disclaimer: This idea is only for EDUCATIONAL purpose. Kindly trade at your own risk.
NSE:GUJGASLTDLong
by S_Rawat
TATAMOTORS Long for Medium TermThe stock has been in consolidation mode since July 2023 in the range of 600/- to 660/-. It broke out of this consolidation range and closed at 671.55 today the 15th Nov 2023 with a daily volume of 11.32 mil shares against the average daily volume of 9.03mil shares. The stock has been consolidating above its all time high of 603.80 reached on 3rd Feb 2015, however it is still inside the daily sell zone of 666/- to 678/- INFERENCE: The stock shows strength in the current state and one can go long after a close above 678/-. Medium Term Target: We are looking at a medium term (4 to 6 months) target of 860/-. This is about 26% on 678/-.
NSE:TATAMOTORSLong
by ajayharidas
1
APTECH LTD : A good Buy for Long Term CMP: 254.70The stock has retraced to 0.618 of the Fib series from its all time high of 418.35 which it reached on 30th May 2023 and has been falling continuously to touch a low of 243.90 on 9th Nov 2023. Thats a drop of over 41% from its all time high. The stock is finding support at the current levels which happens to be the Monthly and Weekly Instutional Buy Zone and also the 0.618 Fib Retracement level.. this level is a good area for institutional investors to come in. The average 30 day Volume is around 311 K whereas the last few days the volumes has been in the range of over 750K. This means good buying is coming in these levels. The monthly Institutional buy zone is between 207/- and 250/- The stock is still trading below the falling trend line and the ideal buy would be after a confirmed close above the trend line with better than average daily volumes, however since this is a good stock and it is in the important support levels, one can start buying partly ( as per your risk appetite) at these levels and accumulate if it comes lower and within the buy zone mentioned above. Target: We are looking at a long term target (1.50 to 2 years) of Rs.525/-
NSE:APTECHTLong
by ajayharidas
4
CUB Bullish breakout analysis 21 Nov 23 CUB has given the breakout as can be seen on the chart. we can make a entry once it give us a retrace and then it goes bullish. you can buy the stock once it drops to price 144-146. and hold it till 160 with Risk:Reward :: 1:3 approx. Reason: Stock has given the breakout of rectangle pattern range 120-142. (Bullish) Just EMA(13,200) crossover, also golden crossover. (Bullish) Price > EMA(12,50,200). (Bullish) RSI > 60 crosing to upside. (Bullish) Verdict: Bullish Breakout done Plan of action: Entry after retrace BUY: 144-146 after retrace Stoploss: 141 Target: 160
NSE:CUBLong
by finnova_
HSCL Bullish Breakout analysis 13 NovHSCL is a process industry. By looking at the chart data, it has given a confirmed breakout. After a nice bullish move, it has been consolidating for the past two months. It now again has given the breakout of the descending triangle pattern, which is a continuation pattern. HSCL might be making a nice, bullish move. Reason: Price > EMA(13,50,200) seems continuation of the trend.. RSI > 50 crossing 60, means bullish trend. Price > Vwap (just Near the VWAP to upside) Descending triangle pattern BREAKOUT to upside Volume is more than average(20) that shows heavy bulls intrest in buying side. Verdict: Highly Bullish R:R :: 1:3 Plan of Action: Buy: 259 Stoploss: 245 Target: 295
NSE:HSCLLong
by finnova_
Long setup in Metropolis HealthcareA probable Inverted Head & Shoulder Chart Pattern Breakout will happen on the weekly Time frame of NSE:METROPOLIS Price Action nees to be supported by volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only after successful breakout confirmation. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:METROPOLISLong
by raigvivek
ICICIBANK Long Opportunity (Inverted HnS formation)ICICIBANK is forming an Inverted Head and Shoulder pattern on hourly timeframe. The stock has bounced off it's lower longterm trendline and now has formed a range. We can expect the price to test the ATH Levels after breakout. Above this level, the stock will also cross above 50 MA on Daily timeframe so that gives more confidence. Stop Loss: SL for this trade has to be 936 Entery: Entries can be made once the price crosses and closes above 962 at least on a 30 min TF. You can also wait for retest of the resistance for better risk reward. Target: Targets can be 1000+ & New ATH
NSE:ICICIBANKLong
by ST_SNOOPY
Hindustan Unilever ready to Fly !! Hindustan unilever showing bullish signs as per 1 Day time frame. CMP: 2510 the stock is bouncing back from the demand zone and successfully broken out from trendline resistance as per daily time frame chart. its a good time to accumulate the stock once the price closes above 50 day exponential moving average. Potential Entry price: 2549 on closing basis. Target 1: 2740 Target 2: 2970 Stoploss: 2415. Please note that, This is a long term perspective and may need to hold for 3 to 6 months. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:HINDUNILVRLong
by InvestyourAsset
Reliance might finally give "Real Breakout"After the swift rally following the covid lows, reliance gained 200% within 1.5 years. And since then price went sideways. In past 2 years, reliance has given 0% return to those who bought at the top, or to anyone who bought in the range. This might change in coming period, and we can finally see Reliance making proper breakout, not the fake ones its been making over the past 2 years. The reason I believe so is because valuations have come to more reasonable level, seen during the covid period lows, not extreme undervaluation but more within the long term range. And with all the future enthusiasm there is about the business prospects of Reliance. I can easily see the upside coming in. Valuations are now in the range of 24-25x, down from overvaluation of 36-37x where it topped. So, yeah, things are falling in place for Reliance to lead once again. WATCH OUT THE NEXT BREAKOUT. IT MIGHT BE THE REAL ONE.
NSE:RELIANCELong
by rookietraderpro
Long Setup in Sunteck RealtyAn Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:SUNTECK Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned on the charts. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:SUNTECKLong
by raigvivek