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BABAFOOD - rounding bottom pattern Trade Setup: Entry Point: Enter the trade now at the current market price (CMP) of ₹58.40. This entry anticipates the completion of the handle formation, aiming for a breakout toward the cup’s resistance. Stop Loss: Place the stop loss below the recent swing low or the horizontal support level. Recommended stop loss: ₹50.00 (below the recent consolidation area and strong support). Target Price: First target: The cup's all-time high level near ₹76.90 (the top of the cup). Second target: A potential breakout above ₹76.90. Use the measured move method: Height of the cup = ₹76.90 - ₹58.40 = ₹18.50. Add this to the breakout level: ₹76.90 + ₹18.50 = ₹95.40. Risk-Reward Calculation: Entry: ₹58.40 Stop Loss: ₹50.00 (Risk = ₹58.40 - ₹50.00 = ₹8.40) Target 1: ₹76.90 (Reward = ₹76.90 - ₹58.40 = ₹18.50) Target 2: ₹95.40 (Extended Reward = ₹95.40 - ₹58.40 = ₹37.00) Risk-Reward Ratios: Target 1: 1:2.2 Target 2: 1:4.4 Volume Confirmation: Watch for an increase in volume as the price approaches the ₹76.90 level for confirmation of strength. Position Sizing: Ensure your position size is adjusted so that your potential loss is limited to 1-2% of your trading capital in case the stop loss is hit. Summary: Entry: At CMP ₹58.40 Stop Loss: ₹50.00 Target 1: ₹76.90 (All-time high and top of the cup) Target 2: ₹95.40 (Measured move after a breakout) Risk-Reward Ratio: 1:2.2 for the first target and 1:4.4 for the second target
NSE:BABAFPLong
by Arthavidhi
Trading strategy for January 15 CPI dataGold has slightly rebounded due to support from a weaker US Dollar and easing Treasury yields, as the US Producer Price Index (PPI) inflation data came in lower than expected, easing concerns about rising inflation in the near term. In today’s session, investors will continue to watch for the release of the Consumer Price Index (CPI) data at 20:30 and a speech by the Federal Reserve’s Governor at 22:00. As such, investors may remain cautious in their trades ahead of these important economic reports and news. At the start of the Asian session, there are expectations that Gold may see some upward movement. Therefore, considering a Buy position is recommended, with targets at 2,678 - 80 and further up at 2,685 - 87. However, after this, we can look to sell on any pullback in the 85 - 87 region, aiming for 5-10 points profit. Currently, traders can consider buying within the short-term range in the Asian session. If the price closes below 2662, avoid buying and wait for lower levels to enter. For now, the bias is more towards buying, and further updates will be provided as the price action unfolds towards the European session. Key Resistance: 2678 - 2682 Key Support: 2664 - 2660 Trading Plan: SELL ZONE: 2683 - 2685 SL: 2690 TP: 2680 - 2676 - 2674 - 2670 BUY ZONE: 2657 - 2655 SL: 2652 TP: 2660 - 2663 - 2665 - 2670 - ???? Today, we have crucial CPI data coming out, so be cautious with your trades and avoid complacency. Always adhere to your TP/SL levels to protect your account. The ADMIN will provide continuous updates on any changes in price action. GOOD LUCK!
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
1
To 10 Index View By The Golden Farms of Equity Daily Series Day As of January 15, 2025, the Nifty 50 index closed at 19,500.75, marking a decrease of 150.25 points (0.76%) from the previous close. The Nifty Bank index closed at 49,836.15, down by 366.00 points (0.73%) from the previous close. These indices are key indicators of the Indian stock market's performance, with the Nifty 50 representing the top 50 companies by market capitalization and the Nifty Bank comprising leading banking sector stocks. For more detailed historical data and analysis, you can refer to the National Stock Exchange's official website.
NSE:CNXPHARMALong
by TheGoldenFarmsofEquity
#SIEMENS: Bearish Setup for NowMy indicator recently gave a SELL signal on #SIEMENS. Here's what the chart indicates: 📉 Technical Overview: 🔹 Triple top pattern formed—a bearish signal. 🔹 Trading below all key moving averages, which are sloping downward. 🔹 Indicates a digestion phase after a strong run-up in the past. 📊 Fundamental Context: 🔹 Fundamentals remain strong, so a reversal wouldn’t be surprising. 💡 My Take: For now, the chart signals weakness, and I’ll wait for a positive setup before considering any action. ⚠️ Disclaimer: 🔹 This analysis reflects my personal views and is for learning purposes only. 🔹 Not a recommendation to buy or sell—please do your own research or consult a professional.
NSE:SIEMENSShort
by Inwardlocus
Zomato Back in Action: A Perfect Setup for Swing Traders!Hello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a perfect swing setup in Zomato, which is Trading just near to huge demand zone, Let's start: Zomato’s chart is painting an interesting story for those who enjoy digging into technical setups. The 226-240 demand zone has once again proven its importance, acting as a strong support level where buyers historically step in and push the stock higher. We’ve seen this play out before, with upward swings of 15.27%, 23.05%, and 26.29% in the past, each starting from this very zone. Now, with the gap being filled and the stock back in this critical area, it feels like history might just repeat itself, offering an exciting opportunity for a potential reversal. Adding to this optimism is the RSI indicator, which shows the stock has reached oversold territory something that has often been a precursor to strong rebounds. If the stock follows its historical pattern, we could see targets of 278, 298, and even 320 in the near future, marking a potential upside of over 31%. However, no strategy is complete without managing the risk, and that’s where a well-placed stop-loss at 226 comes in, just below the demand zone. Hello guy's while this setup looks promising, remember that no analysis is foolproof. Always take the time to do your research and make decisions that align with your risk tolerance and goals. Fundamental Ratio:- Market Cap ₹ 2,35,171 Cr. Current Price ₹ 244 High / Low ₹ 305 / 122 Stock P/E 317 Book Value ₹ 24.1 Dividend Yield 0.00 % ROCE 1.14 % ROE 1.12 % Face Value ₹ 1.00 Industry PE 46.1 Debt ₹ 1,159 Cr. EPS ₹ 0.84 Promoter holding 0.00 % Intrinsic Value ₹ 45.2 Return over 5years % Debt to equity 0.05 Net profit ₹ 742 Cr. Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions. If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
NSE:ZOMATOLong
by TraderRahulPal