Nifty 50 - Potential Deep Correction AheadAfter analyzing the current structure of the Nifty 50 index, I believe we're looking at a potential deeper correction in the market. The larger downtrend has been playing out with Wave A completing at 23,263.15. We're now in Wave C, and a deeper correction could be expected with Wave C potentially extending further down.
Key points:
Wave 5 might be Wave 3 and could indicate a bigger correction.
Wave C could target 21,292.70, with further downside potential.
The Max retracement for Wave 4 suggests a corrective rally without violating the start of Wave 1.
Fibonacci extension indicates a deeper retracement, possibly extending beyond the 1.618 level.
I believe there's a strong chance the market might head lower, and this could mark the start of a bigger trend reversal.
Would love to hear your thoughts and if others are seeing a similar pattern! Let's see how this unfolds.
Chart Details:
Timeframe: 4-Hour Chart
Indicators: Fibonacci retracements, wave counting
Key Levels:
Target for Wave C: 21,292.70 or lower
Max retracement for Wave 4: 22,720.30
1.618 extension: Lower levels are anticipated.
Community ideas
EUR/USD Struggles Below 1.0500 Amid USD StrengthEUR/USD remains under pressure, trading below 1.0500 during Thursday’s session. The pair is weighed down by the U.S. dollar's ongoing recovery, fueled by conflicting statements from President Donald Trump regarding tariffs. This has kept EUR/USD capped below the 1.052 resistance, marked by two previous peaks.
📉 Technical Outlook:
Short-term bullish support remains at 1.046, but upside momentum is uncertain.
The pair is fluctuating around EMA 34 and 89, showing signs of confluence.
A break below 1.046 could signal further selling pressure, with lower targets in focus.
💡 Will EUR/USD break through this support level, or will buyers defend the trend? Share your thoughts!
Shriram Finance Ltd Stock Analysis**GlobalTradeHub | Shriram Finance Ltd Stock Analysis**
**Fundamental Analysis:**
Shriram Finance, a leading NBFC in India, specializes in vehicle and MSME financing. Strong loan growth, improving asset quality, and steady NIMs support its fundamentals. However, risks include higher NPAs in the commercial vehicle segment and rising interest rates impacting borrowing costs.
**Technical Analysis:**
The stock is consolidating near ₹2,550 resistance. A breakout could push it toward ₹2,700. Strong support is at ₹2,400; a breakdown may lead to ₹2,250. RSI near 58 suggests moderate bullish momentum.
**Key Levels:**
- **Resistance:** ₹2,550 / ₹2,700
- **Support:** ₹2,400 / ₹2,250
**Conclusion:**
Shriram Finance remains a fundamentally strong NBFC. A breakout above ₹2,550 could drive further upside, while support levels offer potential buy zones. 📈🚀
what Next in Gold
✅ Bearish Structure:
Price is in a clear downtrend, forming lower highs and lower lows on both 15-minute and 1-hour charts.
A descending trendline is acting as resistance.
✅ Order Block (OB) Rejection:
The price recently tapped into an order block near $2,882.439 and got rejected, confirming seller dominance.
This suggests that any retracement to this area could provide a potential short opportunity.
✅ Key Support & Resistance Levels:
Resistance:
$2,904.610 (Major Resistance) – A strong level where price previously reversed.
$2,882.439 (Order Block Resistance) – Key level where sellers stepped in.
Support:
$2,864.908 – Immediate support; a breakdown could lead to further decline.
$2,851.502 – Next key support level.
$2,833.971 – Major support zone where buyers may step in.
✅ Potential Trade Setups:
📉 Bearish Scenario:
If price rejects from the order block ($2,882 area) or the trendline, a short position could be considered targeting $2,864 - $2,851.
A break below $2,864 could accelerate selling pressure toward $2,833.
📈 Bullish Scenario:
A break and close above $2,882 could invalidate the bearish setup and push price towards $2,904, where major resistance lies.
📉 Bearish Setup (Short Trade)
🔹 Entry: $2,880 - $2,882 (Order Block & Trendline Resistance)
🔹 Stop-Loss (SL): $2,887 (Above the order block to avoid stop hunts)
🔹 Take-Profit (TP) Targets:
TP1: $2,864 (First support level)
TP2: $2,851 (Next key support)
TP3: $2,834 (Major support zone)
🔹 Risk-Reward Ratio (RRR): At least 1:3+ (Good setup if price rejects the OB)
✅ Confirmation:
Look for a rejection candle (like a bearish engulfing or pin bar) before entering.
If price closes above $2,887, exit short trades as it may flip bullish.
📈 Bullish Setup (Long Trade - If Structure Breaks)
🔹 Entry: Break & Retest of $2,882 (If price holds above this level)
🔹 Stop-Loss (SL): $2,875 (Below breakout zone to manage risk)
🔹 Take-Profit (TP) Targets:
TP1: $2,895
TP2: $2,904 (Major resistance)
🔹 Risk-Reward Ratio (RRR): 1:2 or higher
✅ Confirmation:
Wait for price to close above $2,882 on the 15M or 1H timeframe before entering.
If price gets rejected at $2,882, avoid longs and favor shorts.
Final Thoughts:
🚨 Gold remains bearish unless it breaks above $2,882 - $2,904.
📉 Sellers are in control below the order block, and a rejection from this zone may continue the downward move.
📊 Traders should watch price action at key support levels ($2,864 & $2,851) for possible reactions.
👉 Always follow TP/SL to protect your capital and maximize profits!
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
📢Best Regards , Silver Wolf Traders Community
Disclaimer: This is for educational purposes only.
Always trade responsibly and manage your risk effectively
After 1-Year Consolidation, NH Near New Highs – What's Next?The stock was in a 1-year consolidation phase , struggling to break past a strong resistance zone. Throughout this phase, the 200 Exponential Moving Average (EMA) acted as a solid support level , with buying pressure emerging every time the price approached it.
During consolidation, low volume indicated accumulation , and a massive surge in volume was observed as the resistance level was breached, confirming institutional participation. The RSI coming out of range further strengthens the breakout confirmation; however, caution is needed as it is just below the overbought level.
A retest of the breakout zone would offer an ideal entry opportunity, provided there is follow-up buying to sustain momentum.
To manage risk effectively, a strict stop-loss should be placed below the previous resistance , which is now acting as support.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Downward Channel on NIFTY501. Downward channel on NIFTY50 weekly chart may lead to 21400-21500 range in short term.
2. Pivot S1 indicate 21100 levels
3. The gap-up on 4th Dec 2023 corresponds to support levels but that is too far to discuss now, though we will keep track on it.
4. Trend line from lower fractal lows, 3rd June 2024 (Lok sabha election result day) low is breached on week starting 13th Jan 2025.
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in SHRIRAMFIN
BUY TODAY SELL TOMORROW for 5%
NIFTY Breaking 2020 Trendline with Monthly Big Bear CandleNifty Breakdown 2020 Trendline on Monthly Chart with Big Bear Candle - (Currently Now its show almost Full Bear power Candle near at 10:30am)
If You See the Monthly RSI Is also going to break almost Five years Low 53.30
3rd thing if you comapre RSI low 2016-2020 breakdown its Go more 39% Down in just 2 months.
Chart & Indicator both Saw Very bad Sentiments & Pattern on chart.
my prediction as below as per fibo chart shown in chart
Target as per Fibolevel
T1- 21848.50 (23.8%)
T2- 19108.65 (38.3%)
T3- 16894.25 (50%)
T4- 14679.80(61.8%)
Target as per Chart (Zones)
T1 Zone- 22081- 21588
T2 Zone- 18912-18515.50
T3 Zone- 15645-15177
#CHOLAFIN - VCP / C&H BO in DTF📊 Script: CHOLAFIN
Key highlights: 💡⚡
📈 VCP in DTF
📈 BO with Volume
📈 MACD gave a Bounce
📈 Price consolidated for 85Days
📈 One can go for Swing Trade
⚠️ Over All Market condition is bad, Practice paper trading
🟢 If you have any questions regarding the setup, please feel free to leave your inquiries in the comments, and I will respond promptly.
BUY ONLY ABOVE 1435 DCB
⏱️ C.M.P 📑💰- 1433
🟢 Target 🎯🏆 – 6%
⚠️ Stoploss ☠️🚫 – 2.90%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅#Boost, #Like & #Follow to never miss a new idea! ✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with MMT. Cheers!🥂
Bitcoin : Easy to follow hype, Hard to hodl through dropsThe recent price action shows a sharp spike followed by a pullback, with a notable gap between approximately 81XXX and 84XXX. This gap suggests a rapid move that wasn’t fully filled, which could act as support in current correction phase.
The overall trajectory from 2023 to early 2025 shows that Bitcoin is in a strong bull market, potentially driven by macroeconomic factors (e.g., inflation concerns, institutional adoption, Trump Government) or halving cycles (the last one was in 2024). The break above 100K validate this sentiment.
Potential Scenarios:
Continuation: If the pullback holds above the 81XXX–85XXX (Daily or weekly TF) gap or around 73XXX-74XXX support(A test to last breakout zone ,considering worst case scenario), Bitcoin could retest 110,000 and push toward 120,000–150,000 in the mid-to-long term (2025–2026), assuming bullish momentum persists.
I lean toward a optimistic view/Bullish View when everyone is fear right now, expecting a low very soon within current to next week (Early March) which can provide buying opportunities (As marked on chart) and considering my target around 120K to 150K for long term.
ONGC- Is it ONGC or OUCH!!! (Will You Buy or Sell?) Elliott Wave20th Feb 2025
Last time, ONGC traded at ₹241 on February 20, 2025 , as shown in the snapshot. Today, February 28, 2025, the stock hit a low of ₹223. The big question—Is this a buying opportunity, or is more downside ahead?
Let’s break it down:
Double Divergence Unfolding
- The RSI image on the daily chart (shown above the price chart) indicates a potential reversal.
- Price is making lower lows, while RSI is making higher lows— a regular bullish divergence , signaling that the downtrend is losing strength.
Waiting for the Final Leg Downside ( Since 20th Feb 2025)
- Though the stock has dropped to ₹223 lows as of today ( 28th Feb 2025), we are possibly in the last phase of the correction before a reversal attempt.
Trendline Confluence – Price vs. RSI
- Price chart: The stock has touched a falling trendline three times (1st, 2nd, and 3rd touch points), which could act as dynamic support.
- RSI image: A rising trendline with three touch points suggests regular bullish divergence, strengthening the case for a potential bottom formation.
Andrew Cardwell’s RSI Magic
- According to Cardwell’s RSI principles, a rising RSI against a falling price often signals an upcoming reversal.
Final Thought
- If the RSI divergence holds, ONGC might be nearing a trend reversal, making this a potential buying opportunity.
- However, a break below ₹223 with increasing momentum could invalidate this setup, opening doors for further downside.
Would you buy at these levels, or are you waiting for more confirmation? Have a great weekend
Catch me with another exciting idea from WaveTalks- Market Whispers! Can You Hear Them?
ONGC - The Big Idea - Did You Check Them?
Regards,
Abhishek
WaveTalks
USOIL Trade IDEA for upcoming session's of Thu & FridayClosing of the last session of USOIL occurs at 68.819 and after looking at every timeframe and the price action concludes the support and resistance zone's for the upcoming session's as we look in chart next support zone 68.380 - 68.486 if price goes below this level then wait for minor retesting and short for 67.700 level which is next support this is because in higher TF picture show's downtrend ( but in lower TF retesting occurs ) for alternative scenario's if price goes upward then 69.155-69.270 is the next and strong resistance zone at this place look for reversal pattern this would be the zone from where price drop ( but 69.430-69.630 is minor reversal range shown as dotted lines in the chart which can cause reversal if price surpases the first resistance zone ) if price breaks these zones then take a buy for next resistance zone of 70.000 - 70.100 but it seems price drop of the USOIL for these session's let's see what will happen .
Bajaj Electricals Ltd (BAJAJELEC) Stock Analysis**GlobalTradeHub | Bajaj Electricals Ltd (BAJAJELEC) Stock Analysis**
**Fundamental Analysis:**
Bajaj Electricals, a leading player in consumer durables and lighting, benefits from strong brand value and expanding distribution. Growth in the home appliances sector and government infra projects support revenue. Key risks include rising input costs and competitive pressure from other brands.
**Technical Analysis:**
The stock is facing resistance near ₹1,250. A breakout could push it toward ₹1,350. Strong support is at ₹1,150; a breakdown may lead to ₹1,050. RSI around 58 suggests moderate bullish momentum.
**Key Levels:**
- **Resistance:** ₹1,250 / ₹1,350
- **Support:** ₹1,150 / ₹1,050
**Conclusion:**
Bajaj Electricals has strong fundamentals and brand presence. A breakout above ₹1,250 may trigger further upside, while dips to support zones could offer buying opportunities. ⚡📈
Tatamotors targetit is in final stage of correction of this 5 wave decline.
it can slip below 600 to 595-594.
can be start accumulating there if you are an investor
in a staggard manner.
As we don't know wthether fresh down ward move will emerge or not.
Please like this post if it helps you.
follow me to get updates
XAUUSD : Gold Prices Plummet Amid Market Uncertainty. Gold witnessed a significant decline today, plunging 400 pips to $2,877 per ounce, compared to $2,917 per ounce at the same time the previous day. This sharp drop within a short period reflects unexpected market movements in the global gold landscape.
The primary catalyst behind this steep decline stems from conflicting statements by U.S. President Donald Trump regarding tariff policies. He announced plans to impose tariffs on a wide range of goods, including an additional 10% tariff on Chinese imports, a 25% tariff on automobiles and certain European goods, and a 25% tariff on imports from Mexico and Canada, set to take effect on March 4.
These controversial remarks have fueled uncertainty, sparking concerns over the global economic outlook amid escalating trade tensions. As a result, investors rushed to offload gold holdings, seeking to secure profits and protect their capital from potential risks. This mass selling pressure led to a dramatic drop in gold prices within a short time frame.
Given the current landscape, gold is expected to remain highly volatile, particularly as U.S. tariff decisions continue to shape market sentiment and investor behavior in the coming days. Stay cautious and watch key levels closely!
#XAUUSD/H1 Owners market, waiting for the right moment.XAUUSD Gold Trading Strategy February 28, 2025:
Yesterday's trading session after a sharp drop from the 2915-2920 zone to the 2868-2874 price zone.
Currently, the price is still sideways in the 2868-2893 zone. If the price breaks the upper or lower border, we can enter orders following the short trend. However, the main trading trend is still to wait to sell at resistance zones.
Today's trading trend: SELL.
Recommended orders:
Plan 1: SELL XAUUSD zone 2891 - 2893
SL 2896
TP 2888 - 2880 - 2870 - 2860.
Plan 2: SELL XAUUSD zone 2905 - 2907
SL 2910
TP 2902 - 2895 - 2890 - 2880 - open.
Plan 3: SELL XAUUSD zone 2917 - 2919
SL 2922
TP 2914 - 2905 - 2895 - 2880 - open.
Wish you a safe and profitable trading weekend😍😍😍😍😍😍
NIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
BANKNIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
Bayer CropScience Ltd (BAYERCROP) Stock Analysis**GlobalTradeHub | Bayer CropScience Ltd (BAYERCROP) Stock Analysis**
**Fundamental Analysis:**
Bayer CropScience, a leader in agrochemicals and seeds, benefits from strong R&D, a wide product portfolio, and rising demand for high-yield solutions. Consistent revenue growth and a strong balance sheet support long-term stability. Risks include weather dependency, regulatory changes, and rising input costs.
**Technical Analysis:**
The stock is testing resistance near ₹5,250. A breakout could push it toward ₹5,500. Strong support is seen at ₹4,900, with further downside risk if breached. RSI near 60 indicates bullish momentum but not overbought yet.
**Key Levels:**
- **Resistance:** ₹5,250 / ₹5,500
- **Support:** ₹4,900 / ₹4,700
**Conclusion:**
Bayer CropScience remains a strong agrochemical player. A breakout above ₹5,250 may trigger further upside, while dips to support levels can be potential buying opportunities. 🌱📈
AngleOne Ltd Stock Analysis**GlobalTradeHub | AngleOne Ltd Stock Analysis**
**Fundamental Analysis:**
AngleOne Ltd, a leading brokerage firm in India, has shown strong revenue growth driven by increasing retail participation. The company benefits from a growing client base and rising trading volumes. However, competition from discount brokers and regulatory risks are key factors to watch.
**Technical Analysis:**
The stock is trading in an uptrend but facing resistance near ₹1,900. A breakout above this level could push it toward ₹2,050. Strong support is seen at ₹1,750, with further downside risk if breached. RSI is near 60, indicating bullish momentum but nearing overbought territory.
**Key Levels:**
- **Resistance:** ₹1,900 / ₹2,050
- **Support:** ₹1,750 / ₹1,650
**Conclusion:**
AngleOne Ltd remains a strong player in the brokerage space. A breakout above resistance could fuel further upside, while traders should watch support levels for potential dips.
Cholamandalam Investment & Finance (CHOLAFIN) Stock Analysis**GlobalTradeHub | Cholamandalam Investment & Finance (CHOLAFIN) Stock Analysis**
**Fundamental Analysis:**
Cholamandalam Investment & Finance, a key NBFC in India, has shown strong loan book growth, supported by rising demand for vehicle and SME loans. Solid asset quality and a well-diversified portfolio add to its strength. However, rising interest rates and economic slowdowns could pose risks.
**Technical Analysis:**
The stock is in an uptrend, currently testing resistance near ₹1,250. A breakout could push it toward ₹1,350. Strong support is at ₹1,150, and a breakdown below could trigger further downside. RSI is around 65, suggesting bullish momentum but approaching overbought levels.
**Key Levels:**
- **Resistance:** ₹1,250 / ₹1,350
- **Support:** ₹1,150 / ₹1,050
**Conclusion:**
Cholamandalam remains fundamentally strong. A breakout above ₹1,250 may signal further upside, while traders should monitor support levels for potential buying opportunities. 🚀📈