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EUR/GBP Bearish Momentum – Eyes on Support Zone!📊 EUR/GBP Daily Chart Analysis (28th Jan 2025)
🔹 Overview:
Pair: EUR/GBP
Current Price: 0.83855 📉 (-0.10%)
Key Indicators:
200 EMA (Red Line): 0.84129 (Price is below the EMA, indicating bearish sentiment)
Resistance Zone (🟠 Orange Box): ~0.84200 - 0.84400
Support Zone (🟢 Green Box): ~0.83200 - 0.83400
🔻 Bearish Outlook:
Price recently rejected the resistance zone and started declining.
It is now trading below the 200 EMA, suggesting potential further downside.
Next Target: The support zone (~0.83200 - 0.83400) is likely the next major level.
📉 Possible Scenarios:
1️⃣ Bearish Continuation ⬇️
If the price maintains momentum, it may head toward the support zone (~0.83200).
A break below support could trigger further downside.
2️⃣ Bullish Rebound 🔄
If the price finds strong buying interest at support, a rebound toward the resistance (~0.84200) is possible.
A breakout above 200 EMA could shift momentum back to bullish.
🎯 Trading Considerations:
Short Opportunity: Below 0.83800, targeting 0.83400.
Long Opportunity: If support holds around 0.83200, aiming for a move back to resistance.
Breakout Watch: A move above 0.84200 could trigger bullish momentum.
🔥 Conclusion: Currently, the trend is bearish, and price action suggests further downside toward the support zone. Keep an eye on price behavior around 0.83400 for potential reactions.
Tata Cons. Prod. Cup and Handle BO.NSE:TATACONSUM today gave a Cup-and-Handle Breakout, with the RSI and MACD Showing Buy Strength as it crossed Major Levels.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade with the recent base being crucial and the Size of the Cup as the Target on the upside as it usually is for cup & Handle Breakout.
Target(Take Profit):
1087 Levels for Swing/Positional Trader.
Stop-Loss:
Around 926 For Swing Trader and a Recent Base of 880.35 for Positional Trader.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
GBPUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
SRF Looking Good Post Q3 Results Can Accumulate when retest.NSE:SRF is showing strength with good Q3 Results and Future Outlook. It made a Gap-up post results and since then it has been attempting to break its long-time resistance which it has respected since Oct 2021 and can now break successfully. RSI is getting in the Overbought Zone and MACD is Positive.
F&O Activity:
Significant Long Build-up with 2700 CE showing a Significant decrease in OI.
Trade Setup:
Can Accumulate for Positional Trade once it retests to the mentioned different levels, I think it can fill the gap post results day so keep it in the watchlist and keep the last base mentioned as stop loss, for swing traders I think it will challenge it's long time resistance once so a swing is possible.
Target(Take Profit):
Upper Resistance Levels for Swing Trader. Positional Trader Aim for 10-15% Upside from Entry.
Stop-Loss:
Entry Candle Low For Swing Trader and a Red Coloured Base for Positional Trader.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLLOW for more
👍BOOST if useful
✍️COMMENT Below your views.
Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback.
Disclaimer: I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER.
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
TATACONSUM for 1100?The script has completed i of 5 and ii of 5. This third wave up (of the 5th) is poised to go past 1100.. SL is hourly close below 942 for now.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Fivestar Business Finance, will correction end at 669 rs ?Fivestar Business Finance has started the uptrend, but then it has to go for a small correction before it resumes it upward Journey, I see that we are in the process of completing 2nd wave. Will the correction ends at 669 or goes down a little bit beyond 669 that is the question?
I would prefer to wait and watch and then take the decision when the right time comes. After all tradingview has a great Alert Indicator which indicates when a particular situation occurs.
Disclaimer : This is for educational purpose only. I am not SEBI registered member, I am not authorised to give any buy or sell decision. Please do your own analysis and then take a call.
Hopefully ZEEL ready for uptrendHello, Everyone. I hope you all will be doing well in your life and investing. Here I have brought a new stock with an investment idea that has been in downtrends for a long time. Now it looks like that stock is bottom out and ready to RISE. CMP is 140 and 123 is strong support. Target are as per Fibbo.
Lets see…
It's just an assumption. Please do your research. Not a suggestion of buying. I’m posting just to keep my track record. Which can boost my confidence in the future.
Source: Screener.in
Zee Entertainment Enterprises Ltd
About
Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs / film rights / feeds /music rights.
This is just to boost my confidence. No Suggestions for buying.
Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
Ideaforge Drones are ready to fly. "create. inspire"Hello, Everyone I hope you all will be doing well in your life and your investing as well. Here I have brought a stock which is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS). . It looks at bottom near to its IPO price and ready to change trend. Ideaforge is the name of the stock. CMP is 646. Its all time low is 535 and all time high is 1344. Strong support at 550. Strong Resistance at 700 to 740. If it breaks then Upside target as per Fibbo 850, 950, 1050, 1150 and 1350. Just an assumption. Please do you research. Not a suggestion of buying.
Source: Screener.in
Ideaforge Technology Ltd
About
Incorporated in 2007, ideaForge Technology Limited is engaged in the business of manufacturing Unmanned Aircraft Systems (UAS).
Key Points
Business Profile The company manufactures Unmanned Aircraft Vehicles for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning, and mapping applications.
Product Portfolio
A) Hardware- includes UAVs, payloads, batteries, chargers, and communication systems.
B) Software and embedded sub-system- includes GCS software, which enables controlling and management of their UAVs, and autopilot sub-system, which enables remote control and autonomous completion of flights.
C) Solutions- enables industry/application-specific software that enhances the value of their UAVs to the end
customer.
Product Application IdeaForge UAVs help construction and real estate boost their operations. They also assist defense forces in conducting Intelligence, Surveillance, and Reconnaissance (ISR) operations along borders.
Manufacturing Facility Co. manufactures all products in-house from their manufacturing facility at Navi Mumbai, Maharashtra. The manufacturing facility spans 21,000 sq. ft. of licensed premises and has three floors, which include a store area, testing areas, and production lines.
IdeaForge has two main software:
A) BlueFire Live!: It enables secure and live streaming of UAV video feed and allows payload control from a remote command location.
B) BlueFire Touch: is a Ground Control Software (GCS). It is built to plan and command mapping and surveillance missions with the ability to pre-plan missions based on operational area and target locations via waypoint-based navigation.
Market Leader The company is a market leader in the Indian Unmanned Aircraft Systems market with a market share of ~50% in FY22 and ranked #1 in India. It has the largest operational deployment of indigenous UAVs across India, with an ideaForge-manufactured drone taking off every five minutes for surveillance and mapping on average.
Rankings The company has been ranked 5th globally in the dual-use category (civil and defense) drone manufacturers as per the report published by Drone Industry Insights in December 2024.
Operational Metrics
420,000+ - Flights completed by its customers
60,000+ - Flights launched in FY24
66 - Patent Pending + Granted
Extensive Offerings They have a broad range of products with feature-based differentiation such as weight class (approximately 2-7 kg), endurance class (25-120 minutes flying time), take-off altitude range (up to 6,000 meters), communication range (approximately 2-15 km), payload types, etc.
Revenue Bifurcation - Service wise - 9MFY24
Civil - 9%
Defense - 92%
New Product Development
- Development started for the middle mile logistics platform
- Innovative 4G/5G solution for drone communication
- Prototyping of Tactical UAV platform in advance stages
Increase in Workforce
Co. has significantly expanded its Product Development team across all levels to support current and future product roadmap, with 72% increase in team size compared to June 30, 2023
Working Capital Intensive
Operations persist in requiring significant working capital, with inventory levels ranging from 220 to 280 days and debtors ranging from 75 to 125 days. Since the group’s customers include government bodies the Cash Conversion Cycle is expected to remain high.
IPO Details Co. has raised 567 Crs through the IPO and is over-subscribed by 106 times and will get listed on July 10, 2023.
The fresh issue will be utilized for:
A) Repayment of Borrowings
B) Funding working capital requirements,
C) Investment in product development,
D) General corporate purposes.
This is just to boost my confidence. No Suggestions for buying.
Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
Zomoto Up for Swing TradeZomato Ltd, CMP: 235.02
Chart Structure has signs of bottoming out at 203-205 levels and tested support twice. The present momentum will retrace before it expand to final target of 270-279 levels. Look for below key levels.
First Resistance: 248-250
Entry levels (Retrace back levels): 217-211
Stop loss: 209 (closing basis)
Target: 270-279
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A BUY SetupsCONCOR
TGT 1.43%
SL 0.47%
Always use proper risk management by assessing your financial goals and personal risk tolerance, ensuring you never risk more than you can afford to lose. Set a proper stop loss before entering any trade to minimize potential losses if the market moves against you, and stick to it without letting emotions interfere. Take full responsibility for your trading decisions, learning from mistakes to improve over time. Plan every trade carefully with clear entry, exit, and risk management strategies, as consistency and discipline are key to long-term success.
view on Godrej consumer productsGodrej consumer products
Stock price as on 1/02/2025 is 1185
The stock faces resistances at 1196-1210 levels. Tested it thrice, failed to close above these levels in daily chart. Support in daily chart is 1110 followed by 1057-1029. Stock need closing above 1210 to reach target of 1320-1360.
Bitcoin long term chart sell 92700,86200 downside Target sell How to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal trade ,
Safe traders can wait for 27% levels break
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Banknifty sell on rise until 50000 not break US tarrif negative How to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal trade ,
Safe traders can wait for 27% levels break
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance