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Moving Averages

Coal India showing a break down on the daily and weekly charts.Coal India has been trading in a parallel channel from Feb 2024 and the range has been broken and closing below it has been given on the daily and weekly basis. The stock is trading around a support zone of 480-485. It is trading around the 100 ema levels on the daily charts and closed below 20 ema on weekly charts. Entry in a bearish trade can be made once the market take a retest around the round number figure of 500 and forms a negative price action. Clear pattern break down is there in the stock. Positional/swing trades can be initiated once there is a retest and break down of the support zone. Entry :- Below 480 Targets :- 465 Stop Loss :- 490 (close on hourly charts) Wait for the price action near the levels before entering the trade.
NSE:COALINDIA
by TheMamboMomentum
Banknifty weekly analysis for 09/09/2024.Banknifty is trading below the 50k levels and the weekly bearish engulfing candle signifies some bearishness coming. The market has reversed from 50% fib levels and the pattern formation is also negative. Index seems to give a follow through candle in the same direction as it has been trading silently for past few days. Major levels :-50400, 49940, 49670 If market starts trading below 49700 levels, a bearish trend will be confirmed and sell on rise will be the market cycle. Resistance levels :- 51000, 51320 Banknifty is trading below all the moving averages on the hourly charts and has also breached 20 & 50 DEMA. Trade only the setup market create. Use trailing SL and profit booking on the targets. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Nifty weekly analysis for 09/09/2024.The index after a long time has given some momentum on intraday basis and closed below the psycological number of 25k. A bearish engulfing candle on the weekly time frames shows some weakness on the charts. If the market starts trading below the 24800 levels, there are chances of testing lower levels. Hourly 200 ema is also around the support zone, while the daily candle closed below the 20 ema. Major support levels :- 25800, 24600, 24230 Resistance levels :- 24960, 25100 The level and the pattern formed around it shows a significant bearish upcoming move in the market. There are chance of market testing the lower levels as the market cycle seems to chance. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
#PRESTIGE Poised for a Bull Run!🚀 Stock Alert: #PRESTIGE Poised for a Bull Run! 🚀 📈 Momentum in Play: The recent session saw a huge volume build-up, and #PRESTIGE is now trading above the 50-day moving average. It's nearing its all-time high again, with momentum suggesting a bullish run ahead. This makes it a strong candidate for a swing trade. 🔥 💡 Keep #PRESTIGE on your watchlist for potential opportunities! 👀 📢 Disclaimer: This post is for educational purposes only. Always do your own research before making any investment decisions. 💼 #StockMarket #Trading #InvestSmart Target: 2160-2250 Stop Loss: 1775
NSE:PRESTIGELong
by nemi-chand
JMFINANCIL Analysis!NSE:JMFINANCIL Analysis on a 4H Timeframe! Short Term Movement Analysis on JMFINANCIL! Double Bottom Pattern Formation in JMFINANCIL! Double Bottom Neckline breakout at JMFINANCIL! Analysis: JMFINANCIL was in the Downtrend since 29 Jan 2024. We can clearly see it has made a Double Bottom Pattern. It also given the breakout to its resistance level which is nothing but pattern's neckline. After that it has retested the resistance level which becomes the new Support level. The bullish momentum started building after the breakout. Consideration while taking the trade on Double Bottom Pattern: 1)Previous trend should be a downtrend 2)Volume at bottom 1 should be greater that Volume at bottom 2 3)The bottoms should be below 50EMA Trade Setup= Entry= Not recommend to enter now as price went way far from the breakout Target= 110.78 Disclaimer = Consider my analysis for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:JMFINANCILLong
by Avinash9087
XAUUSD 2560Golden Information Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though traders bought the Greenback. The XAU/USD trades at $2,490, down 0.34%. Gold prices fall despite stronger US Dollar amid economic slowdown signs. US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief. Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473. Price Tag 1. >>2440>>> 2. >>2535>>> 3. >>Short-term up>>2630
OANDA:XAUUSDShort
by AngelScalping
Banknifty weekly expiry analysis for 04/09/2024.Banknifty has been lagging behind and is still 1500-1700 points lower from its all time high. The market in the final hour has given a nice upside rally and closed above the round number levels and the resistance zone. An engulfing candle is formed on the daily charts and tomorrow is weekly expiry in the index. If there is a gap up opening there are chances of it giving a nice upside rally. In case of a flat to slight gap down opening, a slaggishness can be seen as the makret is behaving now a days. Major support levels :- 51550, 51310 Resistance zone :- 51880, 52000, 52150 Banknifty has taken a good support from the Hourly 20 ema and given good upside move. If the move continues a trade can be initiated above the resistance zones. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Aarti Drugs - Fibonacci Retracement ToolWe have used fibonacci retracement tool to check the retracement of price. The price has reached 0.382 and once cross this, we can see change of trend. We can also see the EMA20 about to cross EMA200, which will show bullishness in the stock. The fibonacci at 0.5 level, 0.618 as resistances, and on crossing each resistance we can see price moving up. Other factors: 1. MACD about to be positive 2. RSI is a bit down, however, we can expect it to move above 3. Volume candles; buy candles are bigger than sell candles "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!
NSE:AARTIDRUGSLong
by Cleaneasycharts
1
#GIPCL on the Rise! Pre Breakout entry#GIPCL on the Rise! 🚀 📈 Gearing up for a Breakout: The last two three trading sessions have shown significant momentum with good volume, and #GIPCL is now trading above the 50-day moving average. The momentum is strong, signaling a potential bullish run ahead. 🔥 💡 This makes #GIPCL a top candidate for a swing trade. 📊 If you're looking for opportunities, keep an eye on this one! 👀 💼 Trade smart, and stay ahead! 💪 #StockMarket #Trading #InvestSmart Target: 270-280 Stop Loss: 230
NSE:GIPCLLong
by nemi-chand
Nifty weekly analysis for 28/08/2024.Nifty is stuck in a range and has slowly recovered after a retest. Yet there were no opportunities for option buyers this week. If the market breaks out of the range, there are high chance of a fake out, as it has been rallying for last few days. Small quantities can be traded in a bullish trade. In case of break down, a good profit booking rally can be captured. Major levels :- 24870, 24960, 25050 The supports are nearby and market can reverse after testing the zones. Index seems strong and a double top formation can be seen this week. A bearish positonal trade can be created if there negative candlestick formation is there. Support levels :- 24740, 24600 Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by TheMamboMomentum
Banknifty weekly analysis for 26/08/2024.Banknifty trading in a range on the dialy charts and is around the resistance levels. A dynamic support around the 100 ema (daily) and 20 ema (weekly) is there. There are chances of BN recovering and test the high as nifty is only 200 points short of the ATH. In a bullish trade there is a huge gap to cover for banknifty. Major resistance levels :- 51130, 51540, 51800 Now the market has created support but the trendline resistance is still there. Once the market starts trading above the resistance line, a bullish trade with proper R:R can be initiated. Major support levels :- 50800, 50300 Watch out for the levels and the price action in the charts. Trade only the setup not emotions.
NSE:BANKNIFTY
by TheMamboMomentum