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Moving Averages

#XAUUSD/H4 Continue to adjust or create a new peak?Market analysis for XAUUSD trading session on October 29, 2024: The first trading session of the week experienced a significant gap, and as we entered the US session, the price filled the gap and continued to rise in line with the main trend. Today, the price is expected to fluctuate within the range of 2738 - 2765. We are still trading according to the main trend, limiting attempts to catch the peak here. Today's trading trend: BUY scalp. Key price levels to watch: BUY zone: 2735 - 2740, 2725 - 2730, and 2715 - 2720. SELL zone: 2760 - 2765 and 2776 - 2781. Recommended orders: Plan 1: BUY XAUUSD zone 2735 - 2737 SL 2732 TP 2740 - 2745 - 2755 - 2765. Plan 2: BUY XAUUSD zone 2727 - 2729 SL 2724 TP 2732 - 2740 - 2750 - 2765. Plan 3: SELL XAUUSD zone 2763 - 2765 SL 2768 TP 2760 - 2750 - 2745 - 2740.
TVC:GOLD
by ifjugapt
Bank Nifty - Formation of Bearish Head and ShoulderBank Nifty index is forming bearish head and shoulders pattern. Here are the key levels mentioned below: Neckline : 50000 (activation point for the pattern) Immediate Support: 49700 (200 EMA) Potential Target: 46500 (if price pierces below 200 EMA) Trend Breakdown: Noted breakdown of the uptrend line since October 23. Make sure to keep an eye on these levels and monitor price action closely as it approaches them! If you have any more insights or questions about trading strategies, feel free to share.
NSE:BANKNIFTYShort
by Arvind_Share_Academy
ASTRAL NSE DTF SWINGASTRAL SWING Analysis TRADE PLAN ENTRY : 1890 50%Qty. ADD 50% Abofe 2050 DTF Close SL : 1860 TGT- 2000 Time frame @1 to 3months ASTRAL on DTF had a RESISTANCE trendline on breaking this and Retest make entry. Price is trading below the 20EMA and the the sequence of 200 to 20EMA is inverted indicating a bearish Trend is prevalent. The stock currently trading is at the base of proable Wyckoff accumulation Phase. A bearish Orderblock is seen at 2050 levels. Add 50% when price BO and closes above this level. 3rd Quarter results this weekend wait for declared and then entry on breakouts. Standard disclaimer apply.
NSE:ASTRALLong
by billpramod
1
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline. Key Characteristics of the Pattern: * U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend. * Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation. * Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest. Trading Strategy: Buy Signal: * A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern. * Increased trading volume during the breakout would strengthen the bullish signal. Stop-Loss: * Place a stop-loss below the recent swing low or the neckline support level. Take-Profit: * Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern. Important Considerations: * Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade. * Risk Management: Always use stop-loss orders to protect your capital. * Market Sentiment: Consider the overall market sentiment and economic conditions. * Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:ABCAPITAL
by Stock_market_signals
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline. Key Characteristics of the Pattern: * U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend. * Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation. * Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest. Trading Strategy: Buy Signal: * A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern. * Increased trading volume during the breakout would strengthen the bullish signal. Stop-Loss: * Place a stop-loss below the recent swing low or the neckline support level. Take-Profit: * Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern. Important Considerations: * Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade. * Risk Management: Always use stop-loss orders to protect your capital. * Market Sentiment: Consider the overall market sentiment and economic conditions. * Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:ABCAPITAL
by Stock_market_signals
ICIBANK: Swing: 1D 16-Oct'24ICIBANK: Swing: 1D 16-Oct'24 ICICI Bank is trading in a channel (marked) for the last several months and is in a uptrend. ADX is 21 (>20). The ADX slope is -ve but seems like the slop is reducing and will turn positive in the coming days. The stock hit the bottom of the channel on 11-Oct24 with a red candle and then on 14-Oct'24 bounced back with green candle. Ideally the close of the 14-Oct'24 candle should have been our buy price but on 14-Oct'24 the stock was trading below 9 SMA On 15-Oct'24 too the stock continued its trend towards the upper end of the channel and closed above 9 SMA. Will initiate trade on y'days close Entry / Target / Exit ATR = 24.25 (15-Oct'24) Entering long @ 15-Oct'24 close 1255.5 Stop loss = 1 ATR below channel (needs to be monitored as the trade progresses) Target = Close to the top of the channel (needs to be monitored as the trade progresses) Exit criteria = Hits StopLoss || Reaches Target || Price goes below 9 EMA Risk:Reward = Unknown since the target and stop loss are yet to be defined. However, it looks like the it would be a 1:1.67 kind of a trade.
NSE:ICICIBANKLong
by ramanarvind
Godrej Consumer Ltd#stocks #investing #trading #trade #invest #swingtrade #bullish Key Observations: 1. W-Pattern Formation (Hourly Timeframe): The stock is forming a bullish “W” pattern, which typically signals a potential trend reversal, indicating possible upward movement in the short term. 2. Bullish Divergence in MACD: A bullish divergence in the MACD indicates that momentum is strengthening despite previous price weakness, further supporting a potential uptrend. 3. Trendline Breakout with Rising Volume: The stock has broken out from a falling trendline with rising volume, which confirms buying strength and suggests a reversal of the prior downtrend. 4. Support at 200 EMA (₹1,314): On the daily chart, the stock has taken support and bounced from the 200-day EMA, a strong indicator of long-term support and potential upside continuation. 5. Resistance Levels: Key resistance levels are seen at ₹1,360 and ₹1,410. A breakout above these levels could lead to further price appreciation. Trading Strategy: • Bullish Outlook: The combination of the W-pattern, MACD divergence, and breakout above the trendline indicates a favorable bullish setup. • Resistance Levels: Monitor price action near the ₹1,360 and ₹1,410 resistance zones for potential breakouts or pullbacks. • Risk Management: The 200-day EMA at ₹1,314 serves as a crucial support level. A close below this level could signal a change in trend, so managing risk with a stop-loss near this level is recommended.
NSE:GODREJCPLong
by karan_bagri
Stock Analysis: CampusDowntrend: Campus had been in a steady downtrend since October 2022, reaching a low of ₹213 in March 2024. 1) Trend Reversal: Recently, the stock broke its previous lower high of ₹300 with a strong bullish candle and high volume, indicating a potential trend reversal from downtrend to uptrend. 2) EMA Confirmation: The stock also crossed above the 200 EMA on the daily timeframe, providing additional confirmation of a bullish trend. 3) This dual confirmation suggests that Campus may be entering a new phase of upward momentum. Please note: Those considering investing should perform their own fundamental analysis before making any decisions. 📑
NSE:CAMPUSLong
by TechnoTrader10
TATA CHEMICALS Swing Idea (Long)Tata chemical is preparing for breakout in upcoming weeks due to following technical reason: 1) Breakdown failure of M pattern 2) Previous resistance for breakdown will act as support now 3) Asymmetrical tringle pattern formation 4) On Daily candlestick chart trading above 20,50& 200 ema On Weekly candlestick chart trading above 20 & 50 EMA On Monthly candlestick chart dragonfly doji formation indicating buyers in control (Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:TATACHEMLong
by GauravPrasad_GP
Adani Enterprises Swing Idea (Long)Adani has been accumulating for last 3 months expect it to move the advancing stage in upcoming weeks due to following reasons: 1) Double Bottom/W pattern Formation 2) Swing low are retested, Trendline are broken 3) Consolidation over last 3 months 4)Trading above 20,50 & 200 EMA on daily chart & weekly chart 5) Also a parallel channel break out 6) If switch to candle chart, there is pending exhaustion gap pending to covered. (Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:ADANIENTLong
by GauravPrasad_GP