Get started

Search in ideas for "COMMODITY"

HINDALCO 10R probable trade set upThe short-term price action for Hindalco appears to be positive, with some bullish indicators: The stock is trading above its 20-day Simple Moving Average (SMA) of 657. The price is in the upper range of the Bollinger Bands, suggesting strong momentum. The MACD has generated a buy signal, although it is initial and weak. The CCI (Commodity Channel Index) has generated a strong buy signal. However, there are also some cautionary signs: The RSI is generating a sell signal in the short term. Volume-based indicators are showing selling momentum. Medium-term Outlook The medium-term analysis reveals a more complex picture: The stock is trading slightly above the 200-day Moving Average, around 6521. The zone between 652-620 is considered a crucial demand area. The RSI on the daily timeframe shows early signs of reversal, suggesting potential bullish momentum. Key Levels to Watch Resistance: A critical resistance level is identified near 715. Breaking above this level could negate the existing negative trend and confirm a reversal. Support: The 652-620 range is an important support zone. Maintaining a position above this range is crucial to prevent further selling pressure1. Options Data The Put-Call Ratio (PCR) for various strike prices indicates: For the 630 strike, the PCR is 3.58, suggesting more put options are being traded relative to call options. Higher strike prices (710, 720, 750) show lower PCR values, indicating less bearish sentiment for those levels.
NSE:HINDALCOLong
by KamalKJoshi
Stock Analysis: Angel One LimitedAbout Company - Angel One Ltd is a diversified financial services company and is primarily engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, depository services and distribution of mutual funds, lending as a NBFC and corporate agents of insurance companies. Fundamentals: Market Cap: ₹ 28,411.92 Cr. Stock P/E: 21.15 Ind.P/E: 5.4 Book Value: ₹ 582.53 Dividend Yield: 1.1 % ROCE: 38.74% ROE: 45.56 % Sales Growth 3 Years: 42.31% Profit Growth 3 Years: 28.50 % Cons: The company is trading at 5.40 times the book value. Provision and contingencies have increased by 123.40%. Promoter holding has decreased from 38.21% to 35.63%. Technicals: Angel One has been in a down (-2.26%) 17 Dec 2024 Resistance levels: 3900,3400 Support levels: 3028,2729
NSE:ANGELONELong
by gujju_forex
Lloyds metals & energy getting ready - Commodity energy themeLloyds metals & energy has stellar fundamentals of more than 50% ROE over last 1,3,5,10Y and excellent double digits sales & profit growth as well. Double digit ROCE, high operating cash flow with improved and sustained profit margins since 2022. Power generation is a theme that's in progress and lloyds is part of this energy theme. Volume isn't shown. Price breakout not happened yet but RSI broke out. Price would follow. Today gapup opening of 20 rupees visible in 15 min chart has also been filled.
NSE:LLOYDSMELong
by naraykln
Multi Commodity Exchange (MCX)MCX presents a compelling buy opportunity based on the formation of a Bottom Rounding Pattern, a bullish reversal signal indicating a transition from a downtrend to an uptrend. The stock has broken above the key resistance level of ₹6800 with strong volume, confirming the breakout. The height of the pattern suggests a long-term target of ₹9600, offering an upside potential of approximately 39%. For swing traders, an entry at ₹6920 or on a pullback to ₹6800, with a short-term target of ₹7200-₹7500 and a stop-loss at ₹6650, provides an excellent risk-reward ratio of ~1:10. Positional traders can aim for the full target of ₹9600, holding for 3-6 months. Volume spikes during the breakout further validate the pattern, while the strong support at ₹6800 minimizes downside risk. Despite potential market volatility, the technicals and breakout strength make MCX a strong buy candidate for both traders and long-term investors.
NSE:MCX
by Simplecharttraders
MMTC Ltd Poised for Upside After Channel Support at 84Details: Asset: MMTC Limited (MMTC) Support Level: 84 (channel support) Potential Target: To be determined based on breakout confirmation Stop Loss: Below 84 or as per individual risk tolerance Timeframe: Short to medium-term Rationale: MMTC has taken support at the 84 level within its channel, signaling potential for an upward move. If buying interest picks up, the stock could see a rally, provided it sustains above this critical support. Market Analysis: Technical Setup: The stock has respected the channel support at 84, and its price action suggests a reversal or continuation of the upward trend. Sector Context: MMTC, as a key player in trading and minerals, may benefit from favorable commodity trends and market conditions. Price Target: Potential targets will depend on confirmation of the breakout and volume support. Historical resistance levels can serve as benchmarks for initial targets. Risk Management: Place a stop loss below the 84 support level to minimize risk in case of further downside. Timeframe: Short to medium-term, depending on the strength of the bounce and overall market sentiment. Risk-Reward Ratio: Favorable, with a low-risk entry point near support and significant upside potential if the stock breaks out of the channel. Watch for confirmation of upward momentum and ensure to monitor volume and market conditions closely before initiating a position.
NSE:MMTCLong
by CyborgTradingHub
Update XAUUSDSpot gold prices continue to rise as the US dollar weakens, making it more affordable for holders of other currencies to purchase gold. Meanwhile, crude oil prices unexpectedly surged to $70 per barrel, adding upward momentum to gold’s price trend. Another contributing factor is the announcement of martial law in South Korea. This has sparked concerns among financial investors about potential instability in the country, which could impact commodity prices and international currency markets. Consequently, many have increased their gold purchases as a safe-haven asset. These factors are fueling gold prices to climb further today.
OANDA:XAUUSDLong
by Bo-Samson
AUDCAD Trading Strategy (4H Chart): BUYAUDCAD Trading Strategy (4H Chart) – Updated: 1. Updated Technical Analysis: Ichimoku Kinko Hyo: The price is above the Ichimoku cloud, indicating a strong uptrend. Tenkan-sen crossing Kijun-sen from below signals a buying opportunity. The future cloud (Senkou Span A and B) is expanding, showing increasing bullish momentum. Bollinger Bands (BB): The price is fluctuating near the middle band and is likely to test the upper band, reinforcing the bullish trend. The prior contraction of the bands suggests a breakout is imminent. Volume: Trading volume is gradually increasing, reflecting growing investor interest in this upward trend. 2. Trading Plan: Entry Point: Buy in the 0.91000 - 0.90900 range, waiting for a price pullback to optimize your position. Stop Loss (SL): Place the stop loss at 0.90600, just below the Ichimoku cloud and a key support level to minimize risk. Take Profit (TP): Target 1: 0.91900 Target 2: 0.92000 (anticipating a breakout above the key resistance). Risk-Reward Ratio (R:R): Estimated between 2:1 and 3:1, making this an attractive swing trading setup. 3. Convincing Reasons: The uptrend is confirmed by strong indicators such as Ichimoku and Bollinger Bands. The chosen entry zone allows for a lower-risk position while maximizing profit potential. High probability of reaching profit targets due to the strong bullish momentum. 4. Call to Action: Follow me on TradingView now to get access to more valuable trading strategies like this one! I regularly provide updates on trading opportunities for currency pairs and commodity futures, helping you maximize your profits. Don’t miss the chance to collaborate with me for even greater success in trading! Let’s conquer the market together!
Long
by HungDaoGlobalTrading
2
Natural gas mcxfrom last 12 month have contradict in volatility moving symmetrical triangle formation and we can see breakout of triangle formation . This comes at multiyear low good base made around 150-200 zone h expecting this support to hold and in next 3-4 year can see good ROI on long side in commodity expecting a rise towards 500-600 zone in next 12-18 month .Positive view Fails if unforce condition occurs and monthly start closing below support level mention .Long term big bullish on natural gas mcx future . (this are my personal views with the knowledge i acquired i might be wrong to .This is just study and not a accommodation .)
MCX:NATURALGAS1!
by deepshah1982
Natural Gas Futures Breakout: Key Levels to Watch Above 250 INRThis chart shows the weekly price action for Natural Gas Futures on the MCX (Multi Commodity Exchange) with some key technical indicators: Analysis: Trendline Breakout: The price has successfully broken out of the symmetrical triangle, signaling a potential bullish reversal. A breakout from this pattern often leads to further upward movement, especially if it’s supported by strong volume. Key Resistance Levels: With the price near 250, it’s approaching the next resistance levels at approximately 254 and 278. If these levels are surpassed, the next target could be around 305 INR/MMBtu. Volume Confirmation: The volume is relatively strong, adding credibility to the breakout. A sustained increase in volume would reinforce the bullish outlook. Trade Plan for Natural Gas Futures: Entry: Enter around 250 INR after the breakout confirmation. Targets: Target 1: 278 INR Target 2: 305 INR Stop Loss: Set a stop loss below 240 INR to limit downside risk. Risk Management: Consider booking partial profits at 278 INR and trail stop to breakeven. This trade plan is built on the breakout with targets at 278 INR and 305 INR, while managing risk with a stop loss below 240 INR. Watch for volume to confirm momentum, and adjust your stop or book profits as key levels are reached.
MCX:NATURALGAS1!Long
by ayusharya_001
Gold (XAU/USD) intraday trading at current levels 11/4/2024Support and Resistance Levels: Support Levels: First Support (S1): $2,750 Second Support (S2): $2,740 Resistance Levels: First Resistance (R1): $2,770 Second Resistance (R2): $2,780 Trading Recommendations: Buy Entry: Entry Point: Near $2,750 (S1) Target: $2,770 (R1) Stop-Loss: Below $2,740 (S2) Sell Entry: Entry Point: Near $2,770 (R1) Target: $2,750 (S1) Stop-Loss: Above $2,780 (R2) These levels are derived from recent market data and technical analysis. It's essential to monitor Gold's price movements closely, as commodity markets can be highly volatile. Adjust your trading strategy accordingly and consider using additional indicators to confirm entry and exit points.
OANDA:XAUUSD
by GAVIXH
#DREDGECORPPrice Levels: The chart shows price resistance levels at around 990.05 and 965. The recent price level is around 973.00, indicating that it has surpassed the 965 resistance. Support levels are noted at 953.75, 922.4, and 910.9. Trend and Price Movement: There was a downtrend with a gradual recovery towards the current price level of 973.00. The price rose by +25.35 (2.68%), indicating bullish momentum. Commodity Channel Index (CCI): The CCI values shown are: CCI8 (5): 122.93 CCI34 (5): 140.78 CCI34 (30): 140.78
NSE:DREDGECORP
by krishnakhanna
#DREDGECORPPrice Levels: The chart shows price resistance levels at around 990.05 and 965. The recent price level is around 973.00, indicating that it has surpassed the 965 resistance. Support levels are noted at 953.75, 922.4, and 910.9. Trend and Price Movement: There was a downtrend with a gradual recovery towards the current price level of 973.00. The price rose by +25.35 (2.68%), indicating bullish momentum. Commodity Channel Index (CCI): The CCI values shown are: CCI8 (5): 122.93 CCI34 (5): 140.78 CCI34 (30): 140.78
NSE:DREDGECORP
by krishnakhanna
Unlocking the Potential of SBI: A Technical AnalysisTechnical Analysis of State Bank of India (SBI) Background: State Bank of India (SBI) is India's largest public sector bank and a major player in the Indian banking industry. Technical Analysis: 1. Moving Averages: * 50-Day EMA: The 50-day EMA (blue line) is currently above the 200-day EMA, indicating a bullish trend. * 200-Day EMA: The 200-day EMA (orange line) is also sloping upwards, further confirming the bullish trend. 2. Relative Strength Index (RSI): * The RSI is currently around 50, suggesting a neutral sentiment. However, the recent upward momentum suggests that the RSI may move into overbought territory soon. 3. Bollinger Bands: * The price is currently trading near the upper Bollinger Band, indicating a potential overbought condition. A pullback towards the middle band or the lower band could be a good buying opportunity. 4. MACD: * The MACD line is above the signal line, indicating a bullish trend. The MACD histogram is also positive, suggesting that the bullish momentum is strong. 5. Volume: * The volume has been increasing recently, suggesting strong buying interest. 6. Fibonacci Retracement: * The recent price pullback has retraced to the 50% Fibonacci level. A break above the 61.8% Fibonacci level could signal a continuation of the uptrend. 7. Support and Resistance Levels: * Support: The 800 level could act as a strong support level. * Resistance: The 900 level could act as a strong resistance level. Trading Strategy: Buy: * Wait for a pullback to the 50% or 61.8% Fibonacci level. * Wait for a bullish crossover of the 50-day EMA above the 200-day EMA. * Look for a bullish divergence between the price and the RSI. Sell: * Wait for a break below the 200-day EMA. * Look for a bearish divergence between the price and the RSI. Stop-Loss: * Place a stop-loss below the nearest support level. Take-Profit: * Set a take-profit target at the nearest resistance level. Additional Indicators: * ADX (Average Directional Index): Measures the strength of the trend. * CCI (Commodity Channel Index): Identifies overbought and oversold conditions. * Stochastic Oscillator: Identifies momentum and potential reversals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:SBIN
by Stock_market_signals