Get started

Community ideas

PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 08 NOV 202408 NOV 2024 WORLD MARKETS 1. US markets are looking bullish while Asia and Europe is consolidating with a bearish bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 15 indicating reduction in volatility. 2. GIFT Nifty is indicating 42 points uptick at 24250 levels. This amounts to 52050 levels for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC BANK is consolidating with a positive bias. 1730 is still a good support. Any break of 1730 will be bearish. 2. ICICI Bank has closed below 1280. It has support at 1260. It is however trading with a negative bias. 3. Reliance is consolidating between 1330 -1280 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 24240 - 24111 : NO TRADE. 2.NIFTY OPEN ABOVE 24280: Wait for a consolidation between 24250 - 24300 and buy any break out. 3. NIFTY OPEN BELOW 242111: Wait for a consolidation between 24150 - 24100 and sell any break down below 24070. 4.BANK NIFTY OPEN BETWEEN 51380 - 52035 : NO TRADE. 5.BANK NIFTY OPEN ABOVE 52380 : Buy any break out above 52400. 6. BANK NIFTY OPEN BELOW 52035: Wait for a consolidation and break below 51850 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTY
by sam20051968
GOLD BUY IDEA 7TH NOVGold Price Action Analysis (XAUUSD) Gold is currently at a critical level, interacting with a 4-hour order block that aligns with a significant resistance zone, which may potentially turn into support. This level offers a strong foundation for observing price behavior. Multi-Time Frame Analysis: 4-Hour (4H) Time Frame: Gold has reached an order block coupled with a resistance zone, suggesting this level may serve as a support if it holds. 1-Hour (1H) Time Frame: We see a bullish engulfing candle, which reflects bullish sentiment. However, the buyers appear trapped after entering long at the 5-minute order block, and also post a minor trend line breakout. Structure & Fibonacci Levels: The break of structure has occurred, with price holding firmly at the 0.618 retracement level. This level is pivotal and may provide a base for a continued bullish push if maintained. Trade Setup: Entry: Consider a buy setup with a break above the 15-minute resistance, followed by a retracement for entry confirmation. Watching the candle close above this level will add further validation. Target (TP1): The initial target could be set at the 5-minute order block level, aligning with the next key area for profit-taking. Stop Loss (SL): If price closes below the minor order block, this could invalidate the bullish setup. Any closure below this level signals potential further downside, but avoid shorting until a confirmed break of the previous swing low. Note: Allow price to develop and await clear confirmation on the 15-minute chart before executing. If the price respects the structure, it may provide high-probability trade opportunities.
OANDA:XAUUSDLong
by munmeeth
NIFTY Intraday Trade Setup For 8 Nov 2024NIFTY Intraday Trade Setup For 8 Nov 2024 Sell_1- From 24400 Invalid- 24450 T- 24250 Sell_2- Below 24170 Invalid- Above 24220 T- 23945 NIFTY has closed closed on a bearish note with 1.16% cut today. Index was bearish since opening and later sell triggered below 24280 and gave 100 points. Index has entered into bearish sentiment once again. No bullish view till we get bullish price structure in daily TF. Tomorrow we will still maintain bearish stance, sell on rise approach. 24400 will be resistance for the day. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 24170 then we will short for the target of 23944. We will short in case of pullback towards 24400 zone. T- 24240. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
TATA CONSUMER PRODUCTS UPDATED CHART Price formed a red candle on day chart & there's a chance of price fall and i've explained scenarios in link posted so 978 below we will see a fall till 970-964 tgt level for buying either price should fall & take support near 958-960 then cross 970.55 then we can buy for 980-985.25 tgt or price opening gap up & straight going up for 1012-1015tgt level. if price flat opens or a small gap down opens then goes down straight & 1st 15min candle forms red then we can mark 1st candle high as stop loss for sell trade for 8-12 points tgt. Note:- This analysis is valid till 8/11/2024 only as price moves the updates will be posted, Disclaimer:- I'm not a Sebi registered analyst and analysis posted here is just my view and observation so before taking any trade/position pls consult with your financial advisor. if you like my analysis pls do support me by following & sharing as mush as you can, thank you.
NSE:TATACONSUM
by msubhashish14
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
RVNL - Currently turning from the bottom support area. 1. **Ascending Channel**: - The stock has been following a larger ascending channel, indicating an overall long-term uptrend. - However, within this channel, a secondary descending channel appears in the recent period, suggesting a correction within the larger uptrend. 2. **Recent Price Action**: - The price is attempting to break out of the smaller descending channel within the larger ascending channel. - It is currently near the upper boundary of this descending channel. A breakout above this level, especially if it closes above, could signal a continuation of the larger uptrend. 3. **Volume Analysis**: - There has been a recent increase in volume as the price rises, which could indicate buying interest and possibly a reversal of the recent downtrend. 4. **RSI**: - The RSI is around 51.46, near the neutral 50 line, It is also trending slightly upward. If it continues to rise above 50, this would reinforce bullish momentum. 5. **Support and Resistance Levels**: - **Immediate Resistance**: Around the upper boundary of the descending channel, and a successful breakout would make the next resistance at the upper boundary of the broader ascending channel. - **Support**: The lower boundary of both channels is key, providing support if the price turns back down. ### Conclusion This chart suggests that the stock is in a potential breakout phase from its recent downtrend, while remaining within a larger uptrend. A strong breakout from the smaller channel and sustained movement above 50 in the RSI would strengthen the bullish case. However, a rejection at this level may lead to further consolidation or a retest of lower support levels.
NSE:RVNL
by brijmohan_h
#BANKNIFTY - 8TH NOVEMBER!!NSE:BANKNIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecas@thetradeforecastY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:BANKNIFTYShort
by thetradeforecast
1
11.07 Whale Index (note this section)Hello, I'm Whale Signal Bitcoin Continues Bullish Flow After Trump's Recent Reelection Success, Stretching Higher We'd like to look at RBI from a short-term perspective at our current position Bitcoin Is Already Up Significantly, But Here's How Long Short-Term Wave Will Continue Based on Two Scenarios The progress of short-term waves and two approaches Currently, Bitcoin is uncertain whether the short-term bullish wave, which started at 66.8K, has progressed to wave 5 In this regard, I will divide the following two cases into strategies 1. If the short-term 5th wave has been completed If the current short-term upward wave is a five-wave finish, we plan to focus on the "purple whale indicator" in the adjustment section The purple whale indicator overlaps with the Fibonacci 0.382 section of this rising wave, and if the flow defending the section (a bottom-tail type candle or settling flow) is confirmed, we will proceed with the sale from a long perspective However, in situations where the purple whale index deviates from the purple whale index, if it settles down the purple whale index again rather than from a short perspective, we will explore a long opportunity again in the retest or pressing position Short term wave 5 is in progress If wave 5 is still in progress, we are expecting resistance in the top white box section However, breaking through this section also opens up the possibility of a strong further rise When these resistance boxes are reached, we plan to recheck the short-term flow and set up more specific RBI (if that section comes, we will proceed with the indicator update again) Based on the fact that Tether Dominance is open to "4.4-4.6", the possibility of a current five-wave progression cannot be ignored -If Wave 5 Ends: Checks For Adjustability Near Purple Whale Indicator, Looking To Long Entry If You See Support And Bounce Flow In That Section If we leave, we will wait conservatively until the purple whale surface re-settlement section -If Wave 5 is underway: We expect resistance in the white box section, but if this section breaks too, there could be further upward momentum, especially as it's a short view in the bull market, so we'll take a more cautious approach (Rather than a strategy for short, you can get resistance in the white box section when it rises.) We will continue to watch the situation change and update the analysis in important sections *I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis* *For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below* <> 1. The whale indicator simply points to support and resistance 2. Please refer to the whale index to find a trading RBI suitable for your analysis 3. The shape of the rod finish is important for whale indicators, so checking the closing rod helps with a stable trading strategy 4. Whale surface intensity is in the order of purple > orange > white, with purple surface indicating the strongest support and resistance
by Whale_signal
Short Term to Long Term Chart Analysis of CreditAccess Grameen.Hello Everyone, I hope you all will be doing good in your life and your trading as well, today i have brought a stock which has come at important support zone right now, I already have mention everything on chart, but let's discuss here as well in details. If you Check Stock is corrected almost 46% from all time high (1796) zone and made low at (911), today's closing is (947.35). Currently stock is giving very good opportunity to accumulate on discounted price and hold for long term, This can be SIP stock also if anybody wants to do in it. we might not gonna to see these prices again. Let's talk about some fundamentals 1:- P/E ratio is 11.34 2:- P/E ratio is 11.34 which is lower than it's 5 years Average P/E 31.77 3:- P/B ratio is 2.1655 which is lower than it's 5 years Average P/B 2.57 4:- P/E ratio is 11.3434 which is lower than it's Industry P/E 24.11 5:- Interest Coverage ratio 2.12 is higher than last year's Interest Coverage Ratio 1.91 6:- ROCE is 14.76% 7:- ROCE 14.76% has increased as compared to last year's ROCE 12.06% 8:- ROE is 24.87% 9:- ROE 14.76% has increased as compared to last year's ROE 12.06% 10:- ROCE 14.76% is higher than 5 years ROCE average 11.01% 11:- ROE 24.87% is higher than 5 years ROE average 13.81% 12:- PEG ratio is 0.25 13:- Operating Profit Margin (EBITDA Margin) is 72.05% 14:- Operating Profit Margin (EBITDA Margin) 72.05% has improved as compared to last year's OPM 66.73% 15:- Company is expected to give good quarter 16:- NPM is 27.99% 17:- Net Profit Margin (PAT Margin) 27.99% has improved as compared to last year's NPM 23.3% 18:- Dividend Yield is 1.05% 19:- Annual Sales has grown by 45.74% 20:- Annual Profit has grown over by 75.06% 21:- 3 Years Sales CAGR is 44.73% 22:- 3 Years Profit CAGR is 62.98% 23:- Quarterly Sales has grown over by 16.55% YoY 24:- Retail/Public have reduced their stakes by 1.39% in the latest quarter (16.25% to 14.86%) 25:- Promoters + FIIs + DIIs hold 92.16% in the company Market Leader The company is India’s largest NBFC Microfinance Institution with a total gross loan portfolio of Rs. ~26,700 Cr in FY24 vs Rs. ~16,500 Cr in FY22. It holds a 6% market share in the overall microfinance industry. Customers As of FY24, the company has an active borrower base of ~49 lakhs vs 38 lakhs in FY22. Rural borrowers account for ~84% of its total borrower base, ~28% are unique borrowers of the company. Branch Network As of FY24, the company has a network of ~1,960 branches (vs ~1,600 branches in FY22) across 16 States, 1 UT, and 383 Districts. Outlook The company expects a loan portfolio growth of 23% to 24% in FY25 and an NIM of 12.8% to 12.9%. Over FY25 to FY28, it anticipates a loan portfolio growth of 20% to 25%, and NIMs in the range of 12.7% to 12.9%. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:CREDITACCLong
by TraderRahulPal