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Current Gold Movement AnalysisGold structure in the Asian session on August 29. After bouncing from the support zone of 2495 as analyzed yesterday. Gold was strongly pushed back above yesterday's resistance zone of 2511. The 2511 zone unexpectedly became an important support zone of today's session and then the resistance level of 2518 became a trading price range for gold in the Asian session to the European session. With the strong pulling force here, it can be seen that gold is ready to create a new ATH today if gold does not have the pulling force to the 2485 area. Pay attention to trading in the 2818-2511 zone in the Asian session
OANDA:XAUUSD
by TVS-Trader
Trading setup for Tata Technology1. Lower Tops and Lower Bottoms: This pattern suggests that the stock was in a downtrend after its initial listing, with each high being lower than the previous high and each low being lower than the previous low. 2. Consolidation: Since July 2024, the stock has been consolidating at lower levels. This typically indicates a period of stabilization where the price is moving within a range, suggesting accumulation by investors. During this phase, the stock might not be making significant gains but is building a base. 3. Breakout: The stock has recently broken above the downtrend line with high volume. This breakout from a downtrend line, especially when accompanied by high volume, is often seen as a bullish signal. It suggests that buying interest is strong and the stock may be poised for an upward move. 4. Bullish Implications: The combination of consolidation at lower levels and a breakout with high volume can be interpreted as a positive signal. It indicates that the selling pressure has subsided and there could be potential for further gains if the bullish momentum continues. Trade Setup: Buy Entry: Consider buying the stock if it trades above ₹1040. Stop-Loss (SL): Set your stop-loss at ₹980 to manage risk. Target: The target is open-ended, meaning you expect the price to rise significantly, but you will need to monitor for potential exit points based on further analysis or changes in market conditions. It’s always wise to stay updated with any fundamental changes or news that could impact the stock and adjust your strategy accordingly. Good luck with your trade! ***Disclaimer : This is my personal view, please trade after consultation with your financial advisor. I am neither a SEBI Register RA or RIA. Regards Arvind Kumar Yadav, Cfa Arvind Share Academy
NSE:TATATECHLong
by Arvind_Share_Academy
Playing the INDIANCARD on 22nd Jan 2024 !INDIANCARD is a well-established player in the Indian textile machinery industry with a strong presence in card clothing and related products. The company has promising growth opportunities driven by domestic market expansion, export potential, and diversification strategies. However, volatile profitability and competitive pressure remain key risks to consider. Operations: Card Clothing : Manufacture and supply card clothing for various textile processing applications, including carding, combing, and brushing. Metallic Clothing: Produce metallic card clothing using wire cards and pins for specialized applications. Accessories: Offer a range of textile machinery accessories like grinding machines, setting tools, and doffing blades. Growth Opportunities: Growing demand for textile machinery due to rising domestic textile production and government initiatives like "Make in India." Continued focus on expanding into new markets and strengthening existing relationships in Europe, America, and Asia. Exploring opportunities in adjacent segments like non-woven and technical textiles, which offer higher growth potential.
NSE:INDIANCARDLong
by CannySunny
1
PIRAMAL ENTERPRISE - Reversal Structure | Must on RadarPrice Analysis & Overview: 1. Trying to do price structure shift. 2. Reversal possibility. 3. A Strong Trendline break is expected. 4. EMA is still not bullish. 5. Good volumes coming in 6. Earnings are unstable. Trade Plan: i) If strong breakout happens, post-confirmations entry will be planned above 964. ii) RRR is looking favourable for now. - Stay tuned for further insights, updates and trade safely! - These are my personal views. - 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
NSE:PEL
by SuperNova396
EURCAD(h4): HOLD SELLHello Traders, 📈 EUR/CAD chart review : - H4 chart is still strong down - H1 is a down trend, price has got a rejection at 1.4998 🎯In my trading opinion: - A day ago, I recomend sell on channel, and next week, i still recommend holding this trade, or if you did not entry before, you can entry on monday at 1.4998 📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management. Follow me to update lastest plan for any trades ! Thank you and Good luck!
Short
by PhuThongTrader
paras defense updateparas defense is continuously declining, as you can see in the chart. it has broken box zone. and now taking support at 50% fib level which is considered as strong demand zone. how to read the current price action? gap fill: if you can notice there is a gap which price is filling now. It was expected that if the 1258 is broken on dcb, market will fill the gap. Fib Level: price is trading near 50% fib level which is considered as very strong support zone. price can start bouncing back from the black line if market condition is strengthened during next week. My best bet: I am still bullish in this stock and accumulating it whenever it goes 5% down. i will hold till black line. if price closes below black line on weekly basis. I'll book my loss and will wait for fresh HH & HL o be formed. Light hearted people or newbees please analysis your risk appetite before investing or ask your financial advisor before investing. What can be expected: Price may reach upto initial breakout point if it breaks the black line. wait for HH HL on 75 min timeframe to make fresh position. When the strength will be back in paras defense? ADX will be upward on daily time frame (preferred above 25) DMI+ will be above 25 and above dmi- My View is still very bullish. Just waiting for trend change or price reaction near black line
NSE:PARASLong
by atuldev-investing
DABUR BUY or SELLThe idea here is to check long term resistance. As stock already pulled back from its resistance level, and still trying to break it with some volume but couldn't. In long term scenario, its the sign of a possible breakout in near future. It could be in coming weeks. There is a short term trend which also provide support to price but if it breaks, then there could be a slight down trend. And it might stay for short period of time. In that case its the best strategy to BUY at every dip. Chart is 1D bar chart, so if breakout happen then it might give atleast 25-30 percent return in coming months. NOTE: This is just for educational purpose only. Please consult your financial advisor before placing trades.
NSE:DABURLong
by karankumar1609
ATUL - Beautiful Setup! Expecting 40% upside minimumPrice analysis & overview: 1. Good volumes 2. Breaking out of the channel. 3. Great reversal price structure formation. 4. RRR is favourable. Trade Plan: - Entry: Best aggressive entry would have been near 6600 but new entry can be planned near 7000. - Sl = 10% - TP = 1:2, 1:3, 1:4 - 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
NSE:ATULLong
by SuperNova396