BAJAJ_AUTO - First Leg of Correction seems completeCMP: 9040
TF: 90 Minutes
I have marked the internals of this impulse wave down and the 5 wave down-move seems complete.
Diagonal is visible
Triple Divergence (Positive at the bottom) is seen
Multiple inside bars at the lows signifies absorption.
This is Trading view for the next few days.. Positionally, the bounce (if any), should see next round of selling.
On the Daily TF, price is now at the previous consolidation range.. Price could replicate the same behavior here too and stay sideways for several days to complete time correction.
Watchout for the breakout of the falling trendline.. thats the key for any possibly trading opportunity
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Community ideas
Weekly Long-Term Gold Trading for 2025–2026Hello everyone. Given the global market's demand for gold, the economic climate of the Middle East War, and Trump's business strategy for the global market, this is gold's long-term chart. For a while, gold was being sold for long-term holding. The global markets' bullish trends reversed a year after Trump's new tax conditions, and the middle east is expected to be unstable in the years to come. However, global markets do not record profits following COVID-19. Bull Run will continue until October or November of 2025. Profit was booked, bearish condition was restored, and then the gold trend reversed. Gratitude
Gold Trend Forecast for Next Week (December 2 - December 6)🕯 Gold Trend Forecast for Next Week (December 2 - December 6)
🔽Last week, gold fell $115 from its peak due to geopolitical and economic reasons, the PCE index increased and the Dollar Index increased sharply, causing the gold market to be distributed by PTCB.
However, the increasing instability in Russia, Ukraine and the continuous violation of the agreement of ISRAEL LEBANON ... still support the Gold Tiger to increase quite positively for next week.
Jobs The closing price of the week's gold price is still above 2650, showing a very large increase in the prospect of gold next week! But before increasing again, gold can still retest the 2645 area, even 2633, to gain momentum for the upcoming increase.
In particular, next week, there will be a lot of US economic news such as:
PMI index for manufacturing and services; employment numbers: ADP, NFP, unemployment rate… Currently, most of the US news is predicted to be better than the previous period! If as expected, this news will have an impact on weakening the USD and be a support for gold!
🥰Trading plan:
🔼 Buy Gold: 2636x – 2634x
SL: 2630
Tp: 2644 - 2653 – 2688 – 2720
🔽 Sell Gold: 2686x – 2688x
SL: 2691
TP: 2678- 2665
🔽 Sell Gold: 2718x – 2720x
SL: 2724
TP: 2705- 2690
🫶Note: Set SL tightly for each order, the financial market is full of risks, if you do not set SL, do not place an order.
🫶Wishing everyone a happy and joyful Sunday 🫶
Advanced Trading The intended reason that companies or investors use options contracts is as a hedge to offset or reduce their risk exposures and limit themselves from fluctuations in price. Because options traders can also use options to speculate on price or to sell insurance to hedgers, they can be risky if used in those ways.
In all, it is not gambling but is a type of speculation hence a government employee and PSU servants are not allowed to trade in options.
Indiamart Again - Low Risk SetupCMP 2344 on 01.12.24
1. In recent sessions, the stock has formed a cup & handle pattern. But could not give a breakout of the formation.
2. At present, tested the lower level of HANDLE and formed a Double Bottom Pattern & gave a bounce back too.
3. If the momentum continues, may go into a bullish phase.
4. MACD is showing a reversal too.
5. The risk-reward ratio is quite good at the moment.
NOTE - The above illustration is my own view, shared here only for learning and observation purpose. it is not a bit of trading advice in any form.
All the best.
Dixon Tech (India) LtdDixon Tech (India) Ltd is in a strong uptrend, trading within a rising channel, with immediate resistance near ₹16,500 and support at ₹14,000-₹14,500. RSI at 67 indicates bullish momentum but nearing the overbought zone, while MACD confirms positive momentum without divergence. Short-term traders should consider booking partial profits if the price approaches ₹16,500, watching for reversal patterns or RSI overbought signals, while long-term investors can adopt a buy-on-dips strategy near the support zone. A breakout above ₹16,500 with high volume could lead to ₹18,000+, while a stop-loss below ₹14,000 is recommended to manage risk. Maintain vigilance for volume confirmation or bearish signals as the stock approaches key levels.
BANK NIFTY INTRADAY LEVELS FOR 02/12/2024BUY ABOVE - 52060
SL - 51800
TARGETS - 52270,52450,52600
SELL BELOW - 51800
SL - 52060
TARGETS - 51500,51300,51000
NO TRADE ZONE - 51800 to 52060
Previous Day High - 52270
Previous Day Low - 51800
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BTCUSD - ANALYSISHello friends, I want to share my opinion on Bitcoin with you
I see something on the Bitcoin chart, I expect a pullback towards the 88500$ area, and from that area, if the daily candle closes above 88500$, I expect the 100.000$ and 105.000$ levels.
But if the daily price of Bitcoin closes below 88500$, I expect more pullback to the area of 73500$ to 70000$.
Trade safe
LYKA LABSAfter a long consolidation for over 3 years, the stock seems to be gaining fresh bullish momentum. Further the sector also is one which may probably do well amidst so much of economic chaos everywhere.
Long uptrend followed by consolidation/accumulation is a good recipe for better success probability.
NO EDGE MEANS NO LONG TERM SUCCESSWhy is Trading a Business? Every Business Needs an Edge
Trading isn’t just buying and selling; it’s running a business. Yet, many traders enter the market thinking it’s a game of luck or a quick path to riches. They often overlook the fundamental principles that make businesses succeed – planning, strategy, risk management, and most importantly, an edge.
Every successful business operates with a clear competitive advantage. It could be a unique product, better customer service, cost efficiency, or a strong brand. Similarly, in trading, your edge is the unique factor that tilts the odds in your favor, ensuring consistent profitability over time.
Let’s break this down further.
---
Trading as a Business
Imagine opening a store without knowing what to sell, who your customers are, or how to price your products. Sounds like a recipe for disaster, right? Trading without an edge is no different. Here’s how trading mirrors a business:
1. Capital Investment:
Like any business, trading starts with capital. You invest money to make money. The goal? Protect your investment while growing it sustainably.
2. Risk and Reward:
Every trade is a calculated risk, much like any business decision. Smart businesses don’t gamble; they assess risks and aim for favorable outcomes. Traders must do the same.
3. Operating Costs:
Spreads, commissions, data subscriptions, and even your time – these are the costs of running your "trading business." Without careful management, these costs can eat into profits.
4. Strategy and Execution:
Just as businesses need clear strategies to attract customers, traders need precise plans for when to enter, exit, and manage trades.
---
The Role of an Edge in Business and Trading
In business, an edge is what keeps you ahead of competitors. It could be your pricing strategy, innovative products, or superior supply chain. In trading, your edge is the reason you consistently make money while others lose. Without it, you're just another player in the market, relying on hope rather than skill.
Here’s how an edge works in trading:
- Better Knowledge: Maybe you’ve mastered chart patterns or have insights into how specific news events impact prices.
- Superior Execution: Perhaps you can execute trades faster, capitalizing on small price inefficiencies.
- Emotional Discipline: Your ability to stick to a plan when others panic can itself be an edge.
- Risk Management: Knowing when to cut losses or ride a trend is critical.
---
What Happens Without an Edge?
Businesses without a competitive advantage struggle to survive. They either burn through their resources or get outperformed by competitors. Similarly, traders without an edge lose consistently, blaming the market, brokers, or even bad luck.
Remember, trading is a zero-sum game. For every winner, there’s a loser. If you don’t have an edge, you’re likely on the losing side over the long term.
---
Developing Your Trading Edge
Creating an edge is not about finding shortcuts; it’s about building a system that works for you. Here’s how to start:
1. Understand Your Market:
Just like businesses study their industry, traders need to specialize. Are you trading stocks, forex, or options? Focus on a niche and learn it deeply.
2. Create a Strategy:
Develop a trading plan based on proven setups, market conditions, and your personal strengths. Backtest this plan with historical data to ensure it has a statistical edge.
3. Monitor and Adapt:
Businesses adapt to market trends, and so should traders. Regularly review your trading performance and refine your strategy.
4. Risk Management:
A business would never invest all its funds into one risky venture. As a trader, never bet your entire capital on a single trade.
---
Conclusion: Trading is a Business with Unlimited Potential
Trading offers the freedom to be your own boss, but it comes with responsibilities. Treat it as a business, and respect its demands. Your trading edge is your competitive advantage, the key to surviving and thriving in the markets.
Whether it’s through a unique strategy, superior risk management, or emotional discipline, every trader must find their edge. Without it, the market becomes a casino where the odds are stacked against you.
So ask yourself: what’s your trading edge? If you don’t have one yet, it’s time to start building it. Because in trading, as in business, those without an edge rarely last.
Follow me for more such content ahead
Till then,
HAPPY TRADING :)
ETHUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDETHUSD 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
Data Option Trading with Professionals Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date.
While not foolproof, option chains offer insights into market sentiment through implied volatility and open interest. High implied volatility suggests expected price swings, while option volumes can indicate potential support or resistance levels.
Nifty Weekly Analysis For 02-12-24 to 06-12-24Nifty Weekly Analysis For 02-12-24 to 06-12-24
23700-24500 is Sideways Range for Nifty.
23700 will act as Support And 24500 is a major Resistance.
Long level is above 24500 for 24780/25080.
Short level is below 23700 for the targets of 23480/23280.
View: Sideways Market.
XRP/USDT $10 Potential In bull market🔥 CRYPTOCAP:XRP Monthly Chart Analysis 🔥
Looking at the #XRP monthly chart reminds me of the legendary 2017 Ripple bull run 🚀
🔰 Back then:
🔹 3 massive monthly candles with high volume printed a staggering 7400% gain in just 3 months.
🔰 Now:
🔹 We’ve already seen the 1st big monthly candle with high volume.
🔹 If history repeats, we could see 2 more massive monthly candles soon.
🔰 Potential Targets:
🔹 By the end of January or early December, XRP could hit $5+!
🔹 $10 is a riskier target, but if we get 3 big monthly candles, who knows? 😄
Are you also waiting for the next big monthly candle? Let’s see if #Ripple can make history again
(This is just my opinion, not financial advice. DYOR.)
ICICI Prudential Cmp 700 Price Rise with VolumesICICI Prudential Cmp 700 dated 29-11-2024
1. Consolidation Bo above 702
2. Made almost 20% correction from highs
3. RSI reversal
4. Price Rise with Volumes
Buy above 702 SL 665 target 710-720-730-745-755-765-770
It is just a view, please trade at your own risk.