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Analysis of Share India in Multiple Time Frame !!The company is fundamentally sound in growth and return prospective (previous quarter was exception). In June’21 analysis posted on same stock and given a phenomenal return during the year, the stock is still available a reasonable valuation and will be a good buy for long term investment. Fundamental: a) Business: It offers financial products & personalized services, including equity broking, currency & commodity derivative, depository participant services, mutual fund advisory and distributorship, to retail and corporate clients. b) Ratio: CAGR Sales 3 years 49%; CAGR Profit 3 years 78%; ROCE 35.8%; ROE 34.1%; PEG 0.32 c) Growth & Profit: Refer pivot data in chart ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Technical Parameter: d) 15 min time frame: In chart, wedge breakout is visible. e) Daily time frame: From ATH, price retrenched to 38.2% fib level and taken a key support. It has been observed in past, the price takes a crucial support at EMA and reversed from lower level. f) Weekly time frame: The price travelling upward in parallel channel and given a multiple breakout after good consolidation. The current chart is positive and similar, volume surge will confirm the breakout and will be good buy opportunity. g) RSI and Moving Average Crossover h) Idea: Long Term View | Entry above Rs 1150 | Stop Loss below Rs 1000 | Expected Return: 50% | Disclaimer: The analysis presented for only educational purpose, it is not any recommended, consult your financial advisor for buy/sell advise. Thanks –AJ
NSE:SHAREINDIALong
by Indieconomic
NatGas Creeping BullishHi friends, it's a daily chart of commodity Natural gas as we can see after a long consolidation in parallel channel finally it breakout channel resistance and currently trading above that resistance, so if price will close above we can see above marked target can arrive in coming sessions, Price has come here so far by making higher lows and now trading above from last swing high so we can assume it is starting of trend reversal in it, one Triangle breakout also occured inside the parallel channel. I don't think there is any need to write a long description because charts have their own language, you just have to understand it. This is not and trade or investment advice. This idea is meant for learning only. Best Regards happy trading- Amit
MCX:NATURALGAS1!Long
by AMIT-RAJAN
17
Gold buyers approach $1,990 resistance amid overbought RSIGold Price rises to the highest level in three months on early Friday, rising for the fourth consecutive day, amid a softer US Dollar and mixed sentiment. That said, the Greenback dropped heavily on Thursday after Fed Chair Jerome Powell signaled no rate change in the short term. It’s worth noting that the XAUUSD’s successful break of the 200-day SMA and previous resistance line stretched from May added strength to the bullion’s run-up earlier in the week. With this, the precious metal is all set to poke a three-month-old horizontal resistance region surrounding $1,990. However, the quote’s upside past $1,990 appears difficult as the RSI (14) line hovers within the overbought region, suggesting a pullback in the prices. Even if the bulls manage to cross the $1,990 hurdle, the $2,000 psychological magnet will act as an additional upside filter before giving control to the Gold buyers. Alternatively, the 200-day SMA and the multi-month-old resistance-turned-support line, respectively near $1,930 and $1,905, appear as short-term key supports to watch for Gold sellers during the price reversal. Following that, the $1,900 round figure and August month’s low of around $1,885 will act as the final defense of the XAUUSD buyers ahead of directing the commodity prices to the 61.8% Fibonacci retracement of November 2022 to May 2023 upside, close to $1,842. In a case where the bears keep the reins past $1,842, the monthly low of near $1,810 and the $1,800 threshold will be on their radar. To sum up, Gold price is likely to remain sturdy unless it breaks $1,905. However, the metal’s pullback appears overdue.
OANDA:XAUUSD
by MTradingGlobal
Short the SILVER(XAGUSD).Elliott wave analysis:- Impulse wave formation has been formed. 1,3,5 wave are impulse and the 5the wave was an Ending Diagonal. . if this wave has not broke above the 5th wave then we can go for short at CMP. stoploss@22.24201 if pattern failed then we have to wait and watch the wave formation. i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
OANDA:XAGUSD
by n0m0ret0ss
4
Gold eyes the first weekly gain in three, focus on $1,885Gold Price reverses the post-US inflation retreat from a two-week high as market players await more consumer-centric details on early Friday. In doing so, the XAUUSD bounces off 100-SMA and justifies the firmer RSI (14) line. However, bearish MACD signals will join a two-month-old horizontal resistance area surrounding $1,880-85 to provide a tough fight to the metal buyers. Following that, a convergence of the 200-SMA and 61.8% Fibonacci retracement of the September-October downside, near the $1,900 round figure, will be the final defense of the bears before giving control to the bulls. Meanwhile, stronger US data may drag the Gold price beneath the 100-SMA support of around $1,869, which in turn highlights the $1,860 and $1,855 as the following barriers for the XAUUSD bears. In a case where the bullion prices remain weak past $1,855, the $1,830 and the latest bottom of around $1,810 could test the commodity sellers ahead of the $1,800 psychological magnet. It’s worth mentioning that the metal’s sustained decline below the $1,800 threshold will make it vulnerable to test the late December 2022 swing low of around $1,770. Overall, the Gold price slips off the bear’s radar and braces for the first weekly gain in three but the buyers need to remain cautious unless the metal stays beneath the $1,900 resistance.
OANDA:XAUUSD
by MTradingGlobal
TRIANGLE breakout in SILVER (XAGUSD)Elliott wave analysis:- View 1:- if it is a BULLISH triangle then it will break upside and the entire pattern next to w) wave is TRIANGLE X) Pattern. View 2:- If X wave was flat correction then a) wave was completed and b) wave was a BEARISH triangle and C wave has to break downside and the target will be same size of a) wave. i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
OANDA:XAGUSD
by n0m0ret0ss
World gold continues to plummetHello everyone! Gold continues to maintain its record low today. The price of gold globally fluctuated between 1,820 and 1,830 USD/ounce last night. As of 6 a.m. on October 4th, the current price of gold is trading at 1,824 USD/ounce, which is a slight decrease of 3 USD compared to the previous day's price of 1,827 USD/ounce. According to the Federal Reserve (FED), inflation remains too high and interest rates need to be increased in order to control commodity price pressures. Consequently, the yield on US Treasury bonds with a maturity period of ten years surged to 4.75 points, leading to a strong influx of capital into bonds and adding further downward pressure on gold prices today as they continue their plunge into depths.
OANDA:XAUUSD
by Samson-FX
Gold Will Shine Or Fade?Hi friends, Sharing an trading idea on Commodity Gold futures on daily chart as we can see that after hitting all time of 61800 levels all the way it came down 57900 (considering strong support) levels and took support there and resume rally again to 60000 levels with created a double top on this chart. So currently it is trading near to that support and seems that price want to touch that support again so once it will reach there we can see two things it breaks the support or bounce from support for targets for both situations marked on chart stop loss must be a close above or below from support in opposite direction of trade on daily candle closing basis. RSI indicator used below on chart for getting a better synchronization, that what can happen break or bounce. One can use own time frame for tracking this idea There must be a logic behind every trade, because trading on logics is always better than trading on speculations. Good luck happy trading Best regards. This is not and trade or investment advice. This idea is meant for learning only.
MCX:GOLD1!
by AMIT-RAJAN
8
Projected NIFTY Levels for October 3, 2023:The Market Commentary for September 29, 2023, and the projected NIFTY levels for October 3, 2023. Here's a breakdown of the information: September 29, 2023: NIFTY closed at 19638.3. NIFTY's highest point during the day was 19726. NIFTY's lowest point during the day was 19551. The commentary notes that NIFTY bounced back from its support level of 19520 but was unable to cross and close above its first resistance of 19723. It was also mentioned that it was the first day of October expiry. Major gainer sectors on this day included the pharma sector, up 2.66%, the metal sector, up 1.90%, PSU banks, up 1.63%, and the commodity sector, up 1.55%. Projected NIFTY Levels for October 3, 2023: Support levels: 19723 and 19508. Resistance levels: 19772 and 19856. The commentary provides potential support and resistance levels for October 3, 2023. It suggests that the first support level is at 19723, with the next support level at 19508. Resistance levels are at 19772 and 19856. Expiry days can introduce volatility into the market, and traders should be prepared for price swings. Support and resistance levels can be helpful in guiding trading decisions, but it's important to consider risk management strategies and stay informed about market developments.
NSE:NIFTYLong
by Bulls_Flavour
MCX - Ichimoku BreakoutStock Name - Multi Commodity Exchange Of India Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 2100 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:MCXLong
by nikunjbhadja
CRUDEOIL - INTRADAY UPDATE - 28 SEP - Crude oil is losing momentum in the 1 hour chart due to persistently high interest rates. - Waiting for momentum to return near 6 p.m. today. - The chart shows possible targets for crude oil in the near future. Analysis The 1 hour chart of crude oil shows that the commodity has been losing momentum in recent hours. This is likely due to a number of factors, including persistently high-interest rates. High-interest rates make borrowing money more expensive, which can lead to a decrease in demand for crude oil.
MCX:CRUDEOIL1!
by Shalvisharma5
1
Gold bears cheer death cross, trend line break to target $1,860Gold licks its wounds at the lowest level in more than six months after falling the most since late July the previous day. Although the oversold RSI prods the XAUUSD sellers, the bearish MACD signals, a clear downside break of the previous key support line stretched from February and a death cross on the daily chart together suggest further downside of the previous metal. That said, the death cross is a bearish moving average crossover wherein a short-term SMA pierces the longer one from above. With this, the bullion appears well set to decline towards the 78.6% Fibonacci retracement of February–May upside and then to the early March swing high, respectively near $1,860 and $1,858. In a case where the precious metal remains bearish past $1,858, March’s low of $1,809 and February’s bottom of $1,804, quickly followed by the $1,800 threshold, will lure the commodity sellers. On the flip side, the previous monthly low of around $1,885 and the $1,900 round figure guards the immediate upside of the Gold Price. Following that, the support-turned-resistance line stretched from February will join the 61.8% Fibonacci retracement level, also known as the Golden Fibonacci Ratio, to challenge the XAUUSD buyers around $1,905. In a case where the quote remains firmer past $1,905, the 50-SMA and the 200-SMA will restrict the asset’s further upside to around $1,923 and $1,928 in that order. Overall, the Gold Price is likely to decline further towards the yearly low.
OANDA:XAUUSD
by MTradingGlobal
XAUUSD - GOLD: The downtrend is strongBreaking the 1893 support zone, gold plummeted to 1874 Gold price dropped nearly 40% in just 2 days, this is a huge crisis for XAUUSD traders Is there any chance for gold to return? I am inclined to the trend that gold will return to the 1898-1900 area before plummeting again to form a new "Down Theory". Let's refer to some of the following news: This morning, the world gold price dropped sharply to 1,876.2 USD/ounce. Gold futures last traded at $1,890.90 an ounce World gold slipped from the important psychological support level below 1,900 USD/ounce in early morning trading this morning as the hawkish stance of the US Federal Reserve (Fed) continued to promote the increase in bond yields. bonds and the dollar and crushed the bullish trend in the metals market. Last week, the Federal Open Market Committee (FOMC), the Fed's policy-setting body, decided to keep the funds rate steady at 5.25% and 5.50%. JP Morgan CEO Jamie Dimon recently said that the market needs to prepare for the Fed funds rate at 7% in the coming months and this is a bad scenario for gold. According to some analysts, the decline in gold prices could push prices to a 2023 low of $1,810/ounce on the spot market. A sell-off was triggered after the Fed signaled it would maintain a restrictive monetary policy for the foreseeable future even as the tightening cycle ends. The US Central Bank's aggressive stance pushed bond yields to a new 16-year high and the dollar to its highest since November, pushing gold off its August low of $1,885. ounce. James Stanley, senior market strategist at Forex.com, forecasts initial resistance around $1,850 an ounce. While many experts say higher inflation will support gold, according to Marc Chandler, CEO at Bannockburn Global Forex Exchange, higher inflation means higher interest rates, making the metal interest-free. become somewhat worse. Chandler predicts that gold will slide to $1,840/ounce. Even so, some analysts maintain a long-term bullish outlook for the precious metal. Ole Hansen, commodity strategist at Saxo Bank, said that rising energy prices coupled with slower economic growth are creating an environment of stagflation, which he expects will eventually push up prices. Gold is back above 2,000 USD/ounce.
OANDA:XAUUSDShort
by FoX_PipsPioneer
GOLD: Any positive signals for gold in the coming time?Gold prices fell as US Treasury bond yields increased and reached their highest level in many years. DXY index reached its highest level in 6.5 months. The DXY index (which measures the greenback's fluctuations against 6 major world currencies) traded at 106.4 points. Daniel Ghali, senior commodity strategist at TD Securities, said investors should pay close attention to economic data due to be released this week. US GDP data scheduled to be released on September 28 (US time) will likely disappoint, creating concerns that the US economy may face difficulties. Thereby creating a positive trend for the gold market. In addition, the personal consumption index published on September 29 is likely to also support gold prices. Colin Cieszynski, chief market strategist at SIA Wealth Management, said the rising USD caused gold prices to only reach between 1,900-1,950 USD/ounce. Ben DiCostanzo, senior market strategist at Walsh Trading, said gold is in a difficult position. In the long term, interest rates remain high, making it difficult for precious metals to maintain their upward momentum. Darin Newsom, senior market analyst at Barchart, said gold prices remained flat. A fall in the USD could trigger a soft buying spree in gold.
TVC:GOLDLong
by FoX_PipsPioneer
TIGER Logistics - Analysis BSE:TIGERLOGS Tiger Logistics Ltd. is a leading logistics company that is into multiple segments related to supply chain management. This is a company that handles freight forwarding, CHA, cold storage-related shipments, and commodity-related movements. It has associates and offices around the globe. So, this is truly a global supply chain management company operating out of India and this is one of the major beneficiaries this year as well as going forward for Aatmnirbhar Bharat. It is a turnaround case, and it has come to profit this Qtr with Rs 1.21 eps (Quarterly) after losses in many quarters due to covid. Small Equity base - Only 1cr shares High Promoter Holdings - 73% Public Holding - Only 27% floating stock. The all-time high is 300+ in 2017. P/E Ratio is 36.98 Currently available below Rs 44. Highly undervalued. Cheapest Logistics stock among Quality companies. Price continues to accumulate. 52.15 is an important resistance and the price will continue to be in the range without any breakout. 57.05 is another important level which is the previous high.
BSE:TIGERLOGSLong
by babutaaniket
1
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Cup & Handle 📌 Symbol/Asset: CRUDE (MCX) 🔍 Description: Commodity has given channel breakout with Cup & Handle pattern. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately
MCX:CRUDEOIL1!Long
by FiveCircles
Gold prices continue to be under downward pressureThe world gold price stood at $1,919, down $6 from the same hour last morning. Precious metals are experiencing a brief technical sell-off amid a lack of supportive information. In addition, the USD and bond yields continued to increase, putting pressure on gold. In the short term, gold continues to be under downward pressure. Even so, gold has strong support at the 200-day moving average, around $1,920. At the end of the year or early next year, the selling pressure on precious metals will decrease. The USD is expected to weaken following signals of the Fed's gradual loosening of monetary policy. Besides, the gold consumption season at the end of the year can also support this commodity more actively.
OANDA:XAUUSD
by Rancy-SuperTrend