GOLD - Looking Bullish! - Here's WhyMONTHLY TF:
WEEKLY TF:
DAILY TF:
Overview & Observation:
1. Higher time frame gold is in a bullish trend.
2. Prices failed to form lower low showing strength in buying, confirmation still pending.
3. Channel breakout will be expected to get the confirmation on the long side.
4. Currently trading in a demand zone. Untill that is broken bullish view will be intact.
Trade Plan:
1. Long position can be made only after confirmation that is still pending.
2. Above 2348 levels price should sustain for longs.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Multitimeframeanalysis
CAMS [strong multi-year breakout]The chart indicates a strong multi-year breakout with confirmation from the volume spike . Utilizing the pitchfan tool, the key levels and targets for swing trading have been identified. Always ensure proper risk management and keep an eye on volume trends to adjust your strategy accordingly.
Breakout Confirmation:
The price has broken above a significant resistance level as indicated by the upper blue pitchfan line.
The volume spike (as shown by the green arrow) confirms the breakout with strong buying interest.
2) Pitchfan Lines:
Pitchfan lines provide potential support and resistance levels. The price has successfully broken through multiple resistance lines, indicating strong upward momentum.
These lines can be used to identify future support levels in case of a pullback.
3) Support Levels :
The previous resistance levels, now turned support, will be crucial in case of a pullback. These are typically around ₹4000 and ₹3000 (orange and blue pitchfan lines respectively).
4) Targets:
Short-term Target: Aim for ₹5500
Medium-term Target: Aim for ₹6500.
5) Stop Loss:
Place a stop loss just below the nearest support level to manage risk. For example, just below ₹4000 or the nearest pitchfan support line.
6) Volume Consideration:
Continue monitoring volume to ensure the breakout is supported by strong buying interest. A decline in volume might indicate a potential reversal or consolidation.
7) Risk Management
Position Sizing: Use appropriate position sizing to manage risk, considering the distance to your stop loss level.
Trailing Stop: Consider using a trailing stop as the price approaches the 1st TRG and 2nd TRG to lock in profits while allowing for further upside potential.
for MORE check in my Tv-id " in.tradingview.com "
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
WELSPUNLIVWELSPUNLIV
Market Cap ₹ 16,935 Cr
Industry: Textiles - Products
Welspun Living Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world.
Promoters 70%
FIIs 7 %
DIIs 6 %
other 1%
Public 16%
My study shows on chart study with technical analysis . this made cup and handle with multi- year break-out and darvas box break-out this good signs for huge movement after some days . after retest stock targets all hits. its my prediction
for MORE check in my Tv-id " in.tradingview.com "
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
ENGINERSIN [big move ]ENGINERSIN ..... BIG MOVE big gain 37.65% ...
multi year breakout .. click on image /link below show on my study
for MORE check in my Tv-id " in.tradingview.com "
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
GOLD - Price Observation & OverviewMonthly Time Frame:
Weekly Time Frame:
Overview & Observation:
1. Inside candle formation on monthly.
2. Trading at crucial levels, either side move is possible.
3. Hourly candle closing above 2390 for long position planning and bearish view only after breaking of demand zone.
Trade Plan:
1. Need to observe the price behaviour for the coming days to get better clarity.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
PATANJALI (cup&handle)PATANJALI . Most of the time share my study of Technical analysis with fundamental good stock . This stock is beak multi-year breakout but still consolidation zone create at the top this good opportunity buy good fundamentally in our portfolio's . The technical analysis say made cup and handle and break this handle pattern with high volume spike .. so my side TRG are opens to all.
Market Cap ₹ 57,608 Cr.
Promoter holding 73.8 %
DII holding 2.57 %
FII holding 10.6 %
Company has been maintaining a healthy dividend payout of 33.2%
for MORE check in my Tv-id " in.tradingview.com "
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
PNBGLITS | Multi Pattern Breakout | Multi Timeframe BreakoutChart Analysis - Daily Timeframe
1) Ascending triangle breakout given good range
2) Breakout - consolidation - Breakout
3) Taking good volume support
Chart Analysis - Weekly Timeframe
1) Pole and Flag formation breakout
2) Ascending triangle breakout - consolidation - breakout happening
Momentum Swing idea|Zensar Technologies LtdZensar Technologies Ltd
Zensar Technologies is a leading digital solutions and technology services company. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India.
Fundamental : Strong
Market Cap ₹ 12,767 Cr. Current Price ₹ 564 Stock P/E 20.9
ROCE 14.5 % ROE 11.2 %
Debt to equity 0.07 Promoter holding 49.2 %
Quick ratio 2.95 Current ratio 2.95 Piotroski score 5.00
Profit Var 3Yrs 7.69 % Sales growth 3Years 5.05 %
Return on assets 7.95 %
this stock is available at 20 p/e as well as now in momentum with rsi above 55.
keep in radar.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
LODHA Infra will correct from hereLodha is trading around the resistance
This is linear chart of LODHA in weekly timeframe
Stock is trading in a rising channel
Currently stock is around the resistance of Rising channel which is coming around 1450-1500
Fresh Buy could be very risky around these levels
And if anyone is holding then Trailing Stop Loss would help them to grab maximum profits.
Thank You !!
sbi cards now open his cards to reached life time high soon Sbin cards i follow last several years something is cooking inside the candle and chart pattern
what is key
1-First he follow fab. point
2- hold 2 down rising channel parallel way which is sign on reversal
3- there is flag on 2021 at the price of 1060 that will reached that price as early as possible
supply zone and resistance at the 820 and 840
FLY zone above 1000
ONLY for the long term holding position
Strong support at 650 and 620
SBI cards jackpot delivery trade taken from my last previous charts like ITI and Voltas which almost double and three times return in really quick time same I expect from the sbi cards charts
now price is 702
TRG 1 - 820
TRG 2 - 920
TRG 3- 1000
above 1000 that will reached to 1220/1420/1620/2000 trg for next 2 year
For shor term share holder SL 620 for long term and medium risk taker 500 is final SL
that all research and parameter those want to learn can contact me on my number [/
Long Setup in Balaji TeleFilmsA bullish flag & pole Chart Pattern Breakout completed on the Daily Time frame of NSE:BALAJITELE
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
GANESH HOUSING - 16 Years High Breakout - ALL TIME HIGHGANESHHOUC
1) Time Frame - Weekly and Monthly.
2) Previous life time high was 566 in 2008. After 16 years of consolidation, The Stock has given a breakout with huge volume & strong bullish candle close in weekly.
3) Option 1 - With the strong weekly close in All Time High, Buy at this current level.
Option 2 - Wait for the strong bullish Monthly candle's close with huge volume above the price 566.
4) Recommendation - Strong Buy
Has HDFCAMC bottomed out?HDFC AMC has been in continuous downtrend from late 2019.
As we can see on the chart, the stock has recently bounced from a support level with good volumes.
The most interesting observation is a positive divergence in RSI during the bounce which might be an indication that stock has bottomed.
On Friday, good buying with high volumes has been observed with a bullish candle, almost a marubozu.
This stock has an immediate resistance at 1950 so it is better to buy the stock at around 1800-1810 levels for a better risk reward.
Kindly trade as per your own analysis. This idea is shared for educational purposes.
PRISM JOHNSN chart analysis see you will amazed to see the resulPRISM Johnsn chart setup like my previous chart patterns that chart create a triple top breakout on weekly + flag pattern breakout on monthly near by break his life time high and than according to my fibonacci study that share give blast return in next few month now price is 142 after break his range than TRG 180/220/250/320/360 sl 132
HTF - GOLD - HAS LOST ITS SHINE?My analysis today deals with how the further course of our most popular precious metal "GOLD / XAU" could look like.
For this I have carried out a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month - week - day) and thus makes the big picture visible.
Normally, all time units below "1h" are called noise, but even a - 1h-4h - analysis is of no use to you, if the knowledge about the big and whole is missing.
> We traders know that nobody can predict the future, and that's exactly why you have to be prepared for all initial situations.
> If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets.
> This creates dangers, but also opportunities - it is important to look at the big picture.
> I have explained in detail which levels are RELEVANT in the following pages. .
table of contents
1st part = INTRODUCTION
2nd part = TECHNICAL ANALYSIS
= Monthly - Time frame
= Weekly - Time frame
= Dayly - Time frame
3rd part = CONCLUSION
PART ONE
"INTRODUCTION"
After "XAU/USD" formed a double top between 2020-2022, a strong sell-off has been unleashed thereafter.
> This sell-off paused in October this year to test the strength of it.
> With a subsequent bullish monthly candle, many retail investors now feel on the safe side that new highs will be reached.
> Here I do not want to take away the joy, but the big picture does not suggest anything like that.
> Once you look at the DXY (USD index) on the higher timeframes, the following sell-off in gold is "indirectly" confirmed.
(My DXY analysis is linked below this post, for confirmation purposes.)
GOLD SAFE HARBOUR .
If you follow popular wisdom, GOLD is classified as a safe and reliable haven.
SPEAKING LIKE ...
> "All that glitters is not gold."
> "Talk is silver, silence is gold."
> "Much gold, much future."
That, the precious metal gold got such a high value awarded - HAD - its reasons.
> Inflation protection and security - are definitely the two most associated words with this precious metal.
Unfortunately, at the latest, since the year 2021, this no longer seems to apply.
> If one compares the loss of inflation and the gain in value of gold, a significant gap can be seen, at which there can no longer be any talk of "inflation compensation".
> Gold will therefore no longer live up to its reputation and a rethinking of its value will have to take place in the future.
SECOND PART
TECHNICAL ANALYSIS
For the analysis of the higher time levels, I proceed according to the onion-skin principle.
> MONTH - level > WEEK - level > DAY - level
These are divided into
> SUMMARY > CHARTS
The charts are presented in logarithmic scaling, as the given information can be visually presented in a more harmonious way.
1st MONTH – Time frame
SUMMARY
The trend channel plotted on the chart formed in March|2007 and has since maintained its position as a legitimate trend channel. Its mid-trend line showed reactions when confronted and was respected by the market.
> Price is in the area below the mean line and had last touched the channel in 2018.
> September|2020 the price ran into the mid-line but was not strong enough. This becomes very clear when looking at the moving away middle line despite the "double top".
> The trend arc is another resistance, which should be taken into account for a future downward movement.
If we go into more detail about the "SUPPLY & DEMAND" zones, you can look at two zones in the chart.
> The "SUPPLY" zone is VERY STRONG because it is a RBD (Rally Base Drop).
> The "DEMAND" zone is VERY WEAK, as it is a DBD (Drop-Base-Drop).
> If we get another rise in the DXY, the drawn "DEMAND" zone will break and the sell-off will continue.
The Fibonacci retracements should serve us as additional confirmation, and have been proved in past moves (last decades) .
> Should the price rise even further, FIB (1) will serve as a Strong Resistance Zone, although the "FIB Zone = 0.75-0.88 - is the Strongest Resistance. (1)
> If the sell-off continues, FIB (2) cannot do much in the monthly chart, but if necessary there will be a reaction on the "smaller" time levels.
> The FIB (3) = 1.618 level, will resemble a large magnet and in combination with the FIB (4), will trigger a large resistance reaction in the market.
Past highs and lows usually serve as resistance / support, of which we have three.
> HIGH | 08/20 - Already showed a reaction (double top).
> HIGH | 09/11 - Point of Control
> LOW | 03/21 - Broken and recaptured
Points and levels of interest are in front of us, which have played a strong role for the market since 2011 .
> The most significant resistance, represents the plotted - POI (1800 USD), which is still contested at the time of this analysis.
> The other POIs have non-negligible resistance and support characteristics and should be kept in mind.
CHARTS
XAU - Overall picture
XAU - Trend lines
XAU - Supply & Demand ZONES + Market Structure Break
XAU - Fibonacci
XAU - POI
ATTENTION
In the following time levels, I will only deal with the NEW, added elements. .
2nd WEEK – Time frame
SUMMARY
In addition to the already mentioned trend channel, now three more become visible, which may have escaped the one or the other.
> The "Purple" trend channel formed at the same time as its big brother (monthly channel) and thus represents a major significance for the market.
We are at the middle line of the channel and the market seems to have used it as support.
> The "Turquoise" trend channel accompanies us since the last high and has a big say with its many interactions.
My guess is that its resistance line will decide whether the sell-off will continue or be broken with confirmation.
> The "Earth-colored" trend channel is a small sideways accumulation and accompanies us in this area.
Currently, the price has fought its way back into the channel, confirmed it and is now targeting the top of the sideways channel.
> The "Orange colored" trend line , has been respected since 2018, 07|2022 broken.
The price suggests that the trend line is approaching for a final retest.
The additional "SUPPLY & DEMAND" zones join the two existing ones and remain untouched.
As additional Fibonacci additions, we have:
> The 0.88 FIB (1), combined with the levels from the FIB (2). This represents with the 0.88 levels from FIB (2) - two very relevant resistance ranges.
> FIB (3) is only valid if the price does not rise further and therefore the input values do not change. Should this be the case, the 0.786 + 0.88 area is the most important to watch out for.
CHARTS
XAU - Overall picture
XAU - Overall picture + Month
XAU - Trend Channels + Trend Lines
XAU - Supply & Demand ZONES
XAU - Fibonacci
ATTENTION
In the following time levels, I will only deal with the NEW, added elements. .
3rd DAY – Time frame
SUMMARY
The chart shows a falling triangle which has been broken .
> As a result, the price has confirmed this break, with a close at the break point.
> At this time level, there will be a sell-off, especially if the DXY rises.
To give a little comment on the "Supply & Demand" zones:
> The upper two "SUPPLY" zones are definitely very strong. 1800 + 1980.
> The bottom "DEMAND" zone is very strong, as it is a DBR (Drop-Base-Rally) zone. (ca. 1640 - ca. 1615)
> The "DEMAND" zones in between are incidental, will trigger small reactions on the lower time frames, but nothing significant. (ca. 1760 - ca. 1660)
CHARTS
XAU - Overall picture + Month + Week
XAU - Supply & Demand ZONES + Trend Lines
THIRD PART
CONCLUSION
"The central banks, themselves, are behind the gold price manipulation. What should you get out of it?"
Run this question through your head and let me know in the comments what you think is more likely.
> Another sell-off or a positive gold price for now?
In summary, based on technical analysis, there are a few reasons for a weak GOLD price .
> If you look at the area between 1,950 USD - 1,840 USD, it almost seems like an arm guarding the upper levels.
> To bring down this defense, I think, needs more momentum than what we have and are getting right now. (Christmas, New Year, Chinese New Year)
For this reason, I expect a weak gold rate and a strong USD, and an accompanying bloodbath in the traditional and crypto markets.
> Positioning after confirmation of this thesis = SHORT .
If this idea and explanation has added value to you, I would be very happy to receive an evaluation of the idea.
Thank you and happy trading!