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Apollo Hospitals Enterprise LtdDate 10.02.2025 Apollo Hospitals Enterprise Timeframe : Day Chart Remarks Technical : 1 Price has retraced till neckline of right-angled ascending broadening wedge 2 Same is the area where 200 EMA is also extending support at neckline 3 Same is the strong support/resistance band 3 Previous rounding cup neckline is also the same overlapping mentioned above zones 4 Hence, 6750-6650 is most important zone as trend shifter in the stock. Fundamental : Today on 10.02.2025 company declared quarterly results Q3 CONS NET PROFIT 3.72B RUPEES VS 2.45B (YOY) Q3 REVENUE 55.27B RUPEES VS 48.5B (YOY) Q3 EBITDA 7.62B RUPEES VS 6.13B (YOY) Q3 EBITDA MARGIN 13.78% VS 12.65% (YOY) CO DECLARED AN INTERIM DIVIDEND OF RS 9 PER SHARE OVERALL GOOD PERFORMANCE COMPANY HIGHLIGHTS MARKET CAP ₹ 97,277 Cr II STOCK P/E 82.2 (HIGH) BOOK VALUE ₹ 522 II ROCE 15.1 % ROE 13.3 % Regards, Ankur
NSE:APOLLOHOSPLong
by AnkurSingh
Varun Beverages Limited : Good results, BUT technically weak-Q3 results were out today, and looked good prima-facie ! -Technically, Varun Beverages stock prices are trading below all moving averages in daily time, while on weekly also it has resistance around 600 zone. 650 - 670 is strong resistance in VBL. -It has bounced from 20M-EMA once, but if market weakness persists then it may fall down. -With P/E ratio of ~ 71.4 (< 5 year average of 66) the PIIND stock prices need to show consistent performance to maintain it’s P/E ratios. Highly likely that VBL may consolidate again. #stoxsense #VBL
NSE:VBL
by stoxsense
Technical Analysis of Bitcoin (BTC/USD) - 100k comin soon1. Moving Averages: 21-Day EMA: $61,916.55 50-Day EMA: $62,914.52 100-Day EMA: $64,250.01 200-Day EMA: $59,690.43 Bitcoin is currently trading just below the 100-day EMA, which is acting as immediate resistance. The 200-day EMA at $59,690.43 provides strong support, indicating a potential bounce-back zone if the price retraces. 2. Chart Pattern: The chart indicates a potential breakout pattern after a period of consolidation. The price has moved above the 21-day and 50-day EMAs, signaling a shift in momentum. 3. Resistance Levels: Immediate Resistance: $64,250.01 (100-Day EMA) Major Resistance: $73,811.45 (Target) The immediate resistance at $64,250.01, aligned with the 100-day EMA, is crucial. A breakout above this level could see Bitcoin aiming for the $73,811.45 target, which represents an 18.64% potential gain. 4. Support Levels: Immediate Support: $61,916.55 (21-Day EMA) Stop-Loss Level: $58,887.44 (Recent Low) The immediate support at $61,916.55, provided by the 21-day EMA, will be crucial in the near term. A break below this level might push the price down towards the 200-day EMA at $59,690.43. The stop-loss is set slightly below the recent low at $58,887.44, providing a safety margin. This is also the best time to buy and hold for target of 100k soon.
COINBASE:BTCUSDLong
by iampatilkishor
Never Miss a Trend: Use MACDNever Miss a Trend: Use MACD In trading, identifying trends is crucial for maximizing profits and minimizing losses. Market trends dictate the best times to buy or sell, making trend identification a vital skill for any trader. One powerful tool to help you stay ahead of the game is MACD, or Moving Average Convergence Divergence. MACD analyzes price movements to reveal trends and potential shifts, offering invaluable insights for trading decisions. This article will discuss what MACD is, how it functions, and how you can apply it effectively in your trading strategies in order not to miss a single trend. What is MACD? MACD, which stands for Moving Average Convergence/Divergence, is a technical analysis indicator that assists traders in detecting trends, momentums, and possible reversals of prices of assets. It comprises 3 components computed from historical price data, typically the closing prices: MACD line: The difference between a "fast" and "slow" exponential moving average (EMA) of the price series Signal line: An EMA of the MACD line itself Histogram: A graphical representation of the difference between the MACD and signal lines How to Read MACD? Reading MACD (Moving Average Convergence Divergence) involves interpreting its components—the MACD line, the signal line, and the histogram—to identify trends and potential trading opportunities. MACD Line (Blue Line):This line is the result of subtracting the 26-period EMA from the 12-period EMA. When the MACD line crosses above the signal line, it’s a bullish signal, suggesting it might be a good time to buy. On the other hand, when it crosses below the signal line, it’s a bearish signal, suggesting it might be a good time to sell. Signal Line (Orange Line): This is a 9-day EMA of the MACD line. It acts as a trigger for buy and sell signals. When the MACD line goes above the signal line, it generates a bullish signal. When it goes below the signal line, it generates a bearish signal. MACD Histogram (Green and Red Bars): This is a visual representation of the difference between the MACD line and the signal line. When the histogram is positive (above the zero line), it indicates that the MACD line is above the signal line (bullish scenario). When the histogram is negative (below the zero line), it indicates that the MACD line is below the signal line (bearish scenario). How MACD Works? MACD is a trend-following momentum indicator that depicts the relationship between two moving averages of a security’s price. The MACD is calculated using the following formula: MACD = 12-Period EMA−26-Period EMA This result is known as the MACD line. A 9-day EMA of the MACD called the “signal line,” is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. For instance, let’s assume that a stock has a 12-day EMA of 15 and a 26-day EMA of 20. If we subtract the values of the two EMAs from each other, then we get -5 (15-20). If the 9-day EMA of the MACD (the signal line) is -4, this would plot as a positive divergence on the MACD histogram, indicating that the downward momentum is losing strength and a bullish reversal could be near. The MACD crossing above its signal line may be regarded by traders as an opportunity to buy stock. Whereas crossing it below would mean selling or shorting the stock. This action where both the MACD line and signal line cross each other represents a trading signal. How To Use MACD? The MACD line, shown in blue, and the Signal line, marked in red, provide important signals for traders. MACD is a lagging indicator, meaning its signals may come slightly after price movements. A buying signal occurs when the MACD line crosses above the Signal line, and vice versa for selling. Looking at the above price chart, currently, the MACD is above the Signal line, indicating recent buyer dominance and potential price stabilization. However, since both lines are below zero, it suggests a bearish trend, which contradicts the hypothesis that buyers have been dominant in the stock prices. A potential buy signal is confirmed only when both MACD and Signal lines are positive, meaning above the zero level. Limitations of MACD Moving Average Convergence Divergence (MACD) is a popular technical indicator used by traders to identify price trends and measure momentum. However, it has some limitations, including: False signals: MACD can produce crossovers that don't reflect the true trend direction when the price moves sideways or in a range-bound market. This can lead to false positive divergences, which can signal a possible reversal when there isn't one. Lagging price action: MACD is based on historical data and smoothing techniques, so it can lag behind real-time prices. This means that drastic price changes might not be seen immediately. Erratic signals: MACD can produce noisy signals when prices fluctuate rapidly or unpredictably. Different settings: Different traders may use different periods or parameters for calculating the EMAs and the signal line, which can influence the results. Not a standalone decision maker: Some researchers have found that MACD doesn't produce consistent or sizable profits when used as a standalone decision maker. Conclusion MACD is a straightforward yet powerful tool that can greatly enhance your trading strategy. By identifying trends and potential changes in market direction, MACD helps traders make informed decisions. Remember to integrate MACD with other indicators and consider market conditions for a comprehensive approach. With practice and understanding, you can leverage MACD to navigate the complexities of trading and achieve better outcomes in the financial markets.
BSE:SENSEX
by Dhan
1
Can Kaspa Crypto Consume Its Gains Completely, Or Break Upside?The Kaspa crypto price dropped below the key EMAs of 20 and 50 days suggesting weakness over the daily chart. The KAS price was hovering close to $0.116 reporting a negative intraday development of 3.62%. The Kaspa crypto is extending the losses on the second consecutive day and trades and is attempting to break below the lower boundary of the consolidation. At the time of writing, the crypto was trading close to $0.116 USD after losing 3.62% in intraday. Earlier, the KAS crypto experienced a drop in the last week of February and slumped lower breaking below the 20 and 50 days exponential moving average. The breakdown below the key EMAs indicates a short term correction in the price. Currently, the KAS crypto seems to be stuck between the 50 day EMA on the higher side and 200 day EMA on the lower side. The price is consolidating in the range and unable to find a clear direction as of now. The breakout above the 50 day EMA or a breakdown below the 200 day EMA may indicate a clear trend. The breakout on the higher side may validate a short term trend correction and the crypto may resume on the higher side. On the other side the breakdown on the lower side may indicate a trend reversal. Kaspa Crypto Volume Analysis The volume analysis shows that Kaspa cryptocurrency received nearly 71.06 Million USD volume inflow in the past 24 hours which is nearly 2.99% higher than the previous day. It has a live market capitalization of 2.71 Billion USD and ranks 41st in the overall crypto market. The volume to market capitalization of KAS crypto is 2.58% suggesting low volatility in the crypto. The number of tokens in the circulating supply is 23.35 Billion KAS tokens which is 81.37% of the total supply. It has a total supply of 28.7 Billion KAS tokens. Kaspa Crypto Technical Outlook. From a technical point of view, the KAS price hovers below the key exponential moving average of 20 and 50 days suggesting a weak outlook in the short term. Also, the price still lies above the higher EMAs of 200 days suggesting a positive outlook in the long term. At the time of writing, the RSI line was placed below the mean line and was at 39.08. The SMA line was placed at 46.04 points. Both the RSI and SMA line were placed below the mean line which indicates a weak outlook in the short term. Also a bearish crossover of both the lines was obsessed which further adds confirmation to it. Kaspa Crypto Price Prediction April 2024. On the most bullish observation, The Kaspa price could rise to a high of $0.185 by the end of April 2024 suggesting an upside potential of nearly 32.4%. On the flip side, the most pessimistic prediction of our analysts is for the price to break below the recent dynamic support of 200 day at $0.116 after which the price may fall to $0.096 level. Conclusion. Kaspa crypto is trading in red for the second consecutive day and is trading around $0.116 with a 3.62% intraday drop. the dilly chart witnessed a decline in late February after which the crypto broke below the 20 and 50-day EMAs thus entering a short-term correction phase. The price is currently fluctuating between the 50-day EMA (upper limit) and 200-day EMA (lower limit), indicating consolidation without a clear trend. Now, Any breakout above the 50-day EMA could suggest a short-term bullish trend continuation. while any breakdown below the 200-day EMA might signal a bearish trend reversal. Currently, The RSI at 39.08 and SMA at 46.04, both below their respective mean lines, point to a short-term bearish outlook. Technical levels: Support levels: $0.116 and $0.096 Resistance levels: $0.146 and $0.160 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:KASUSD
by Ritika_TCR
EURUSD Forecast, 03 Mar,23At the time of writing, the EUR/USD was up 0.08% to $1.06057. A mixed start to the day saw the EUR/USD fall to an early low of $1.05946 before rising to a high of $1.06148. The EUR/USD needs to move through the $1.0615 pivot to target the First Major Resistance Level (R1) at $1.0654 and the Thursday high of $1.06728. A return to $1.0650 would signal a bullish session. However, the EUR/USD would need the services PMIs and the Fed commentary to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0712. The Third Major Resistance Level (R3) sits at $1.0808. Failure to move through the pivot would leave the First Major Support Level (S1) at $1.0558 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.05. The Second Major Support Level (S2) at $1.0519 should limit the downside. The Third Major Support Level (S3) sits at $1.0423. Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.06228). The 50-day EMA fell back from the 100-day EMA, with the 100-day EMA easing back from the 200-day EMA, delivering bearish signals. A move through the 50-day EMA ($1.06228) would support a breakout from R1 ($1.0654) and the 100-day EMA ($1.06581) to target the 200-day EMA ($1.06836) and R2 ($1.0712). A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.06228) would leave the Major Support Levels in play. The US Session Looking ahead to the US session, it is a busy day on the US economic calendar. The all-important ISM Non-Manufacturing PMI for February will draw plenty of investor interest. We expect market sensitivity to the headline PMI and sub-components, with the ISM Non-Manufacturing Prices Index the one to watch. Other stats include finalized S&P Global Services and Composite PMI numbers that should play second fiddle to the ISM survey-based numbers. With the services sector in the spotlight, investors need to monitor FOMC member chatter. FOMC members Logan, Bostic, and Bowman will deliver speeches today. Investors will want to gauge how high and for how long the Fed will push interest rates to curb inflation and return it to target. On Thursday, FOMC member Bostic favored a 25-basis point rate hike in March.
Long
by skarantraderq
EURUSD 27TH MARCH FORECAST The EUR/USD needs to avoid a fall through the $1.0770 pivot to target the First Major Resistance Level (R1) at $1.0828. A return to $1.08 would signal a bullish session. However, the EUR/USD needs hawkish ECB chatter and better-than-expected business survey numbers to support a breakout session. In the case of an extended rally, the bulls will likely test resistance at the Friday high of $1.08386 but fall short of the Second Major Resistance Level (R2) at $1.0896. The Third Major Resistance Level (R3) sits at $1.1022. A fall through the pivot would bring the First Major Support Level (S1) at $1.0702 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.0650 and the Second Major Support Level (S2) at $1.0645. The Third Major Support Level (S3) sits at $1.0519. Looking at the EMAs and the 4-hourly chart, the EMAs send bullish signals. The EUR/USD sits above the 50-day EMA ($1.07479). The 50-day EMA moved away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals. A hold above the 50-day EMA ($1.07479) would support a breakout from R1 ($1.0828) to give the bulls a run at the Friday high of $1.08386 and R2 ($1.0896). However, a fall through the 50-day EMA ($1.0479) would bring the 100-day EMA ($1.07102) and S1 ($1.0702) into play. A fall through the 50-day EMA would send a bearish signal.
Long
by skarantraderq
EUR/USD to Tackle Fed Fear and Eye $1.08 on Easing Bank CrisisIt is a relatively busy day ahead for the EUR/USD. ZEW Economic Sentiment figures for Germany and the Eurozone will draw interest today. Following the collapse of Silicon Valley Bank and Signature Bank (SBNY), economic sentiment figures are likely to weaken. Economists forecast the German Economic Sentiment Index to fall from 28.1 to 17.1 in March, with the Eurozone Economic Sentiment Index to slide from 29.7 to 16.0. This morning, the EUR/USD was down 0.03% to $1.07144. A mixed start to the day saw the EUR/USD rise to an early high of $1.07260 before falling to a low of $1.07096. The EUR/USD needs to avoid the $1.0693 pivot to target the First Major Resistance Level (R1) at $1.0755. A move through the Monday high of $1.07308 would signal a bullish session. However, the EUR/USD would need hawkish ECB chatter and better-than-expected ZEW Economic Sentiment numbers to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0793 and resistance at $1.08. The Third Major Resistance Level (R3) sits at $1.0892. A fall through the pivot would bring the First Major Support Level (S1) at $1.0655 into play. However, barring a risk-off-fueled sell-off, the EUR/USD pair should avoid sub-$1.06 and the Second Major Support Level (S2) at $1.0593. The Third Major Support Level (S3) sits at $1.0494. Looking at the EMAs and the 4-hourly chart, the EMAs send bullish signals. The EUR/USD sits above the 50-day EMA ($1.06562). The 50-day EMA pulled away from the 200-day EMA, with the 100-day EMA converging on the 200-day EMA, delivering bullish signals. A hold above the 50-day EMA ($1.06562) would support a breakout from R1 ($1.0755) to give the bulls a run at R2 ($1.0793) and $1.08. However, a fall through the 50-day EMA ($1.06562) would bring S1 ($1.0655) and the 200-day ($1.06533) and 100-day ($1.06517) EMAs into play. A fall through the 50-day EMA would send a bearish signal.
Long
by skarantraderq
EURUSD FORECASE 13TH MARCH 2023This morning, the EUR/USD was up 0.73% to $1.07169. A bullish start to the day saw the EUR/USD rally from an early low of $1.06638 to a high of $1.07369. The EUR/USD broke through the First Major Resistance Level (R1) at $1.0702. The EUR/USD needs to avoid a fall through R1 and the $1.0638 pivot to target the Second Major Resistance Level (R2) at $1.0765. A move through the morning high of $1.07369 would signal a bullish session. However, the EUR/USD would need hawkish ECB chatter and risk-on sentiment to support a breakout session. In the case of an extended rally, the bulls will likely test resistance at $1.08. The Third Major Resistance Level (R3) sits at $1.0892. A fall through R1 and the pivot would bring the First Major Support Level (S1) at $1.0575 into play. However, barring a risk-off-fueled sell-off, the EUR/USD pair should avoid sub-$1.0550 and the Second Major Support Level (S2) at $1.0511. The Third Major Support Level (S3) sits at $1.0384. Looking at the EMAs and the 4-hourly chart, the EMAs send bullish signals. The EUR/USD sits above the 200-day EMA ($1.06609). The 50-day EMA closed in on the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA, delivering bullish signals. A hold above R1 ($1.0702) and the 200-day EMA ($1.06609) would give the bulls a run at R2 ($1.0765) and $1.08. However, a fall through the 200-day ($1.06609) and 100-day ($1.06324) EMAs would bring the 50-day EMA ($1.06117) and S1 ($1.0575) into play. A fall through the 50-day EMA would send a bearish signal.
by skarantraderq
EURUSD 10TH MARCH 2023The EUR/USD needs to avoid the $1.0569 pivot to target the First Major Resistance Level (R1) at $1.0601. A return to $1.06 would signal a bullish session. However, the EUR/USD would need hawkish ECB chatter and US stats to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0623 and resistance at $1.0650. The Third Major Resistance Level (R3) sits at $1.0678. A fall through the pivot would bring the First Major Support Level (S1) at $1.0547 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.05. The Second Major Support Level (S2) at $1.0515 should limit the downside. The Third Major Support Level (S3) sits at $1.0460. Looking at the EMAs and the 4-hourly chart, the EMAs send bearish signals. The EUR/USD sits below the 50-day EMA ($1.06006). The 50-day EMA eased back from the 100-day EMA, with the 100-day EMA pulling back from the 200-day EMA, delivering bearish signals. A move through the 50-day EMA ($1.06006) and R1 ($1.06010) would give the bulls a run at R2 (1.0623) and the 100-day EMA ($1.06300). However, failure to move through the 50-day EMA ($1.06006) would leave S1 ($1.0547) in play. A move through the 50-day EMA would send a bullish signal.
Short
by skarantraderq
EURUSD FORECAST 7TH MARCH 2023The EUR/USD needs to avoid the $1.0665 pivot to target the First Major Resistance Level (R1) at $1.0708. A move through the Monday high of $1.06943 would signal a bullish session. However, the EUR/USD would need the German stats and Fed Chair Powell to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0737 and resistance at $1.0750. The Third Major Resistance Level (R3) sits at $1.0810. A fall through the pivot would bring the First Major Support Level (S1) at $1.0636 into play. However, barring a Fed-fueled sell-off, the EUR/USD pair should avoid sub-$1.060 and the Second Major Support Level (S2) at $1.0593. The Third Major Support Level (S3) sits at $1.0521. Looking at the EMAs and the 4-hourly chart, the EMAs send more bullish signals. The EUR/USD sits above the 200-day EMA ($1.06799). The 50-day EMA narrowed to the 100-day EMA, with the 100-day EMA closing in on the 200-day EMA, delivering bullish signals. A hold above the 200-day EMA ($1.06799) would support a breakout from R1 ($1.0708) to give the bulls a run at R2 ($1.0737). However, a fall through the 200-day ($1.06799) and 100-day ($1.06567) EMAs would bring S1 ($1.0636) and the 50-day EMA ($1.06345) into play. A slide through the 50-day EMA would send a bearish signal.
by skarantraderq
EURUSD FORECAST 6TH MARCH 2023The EUR/USD needs to avoid the $1.0620 pivot to target the First Major Resistance Level (R1) at $1.0652. A move through the Friday high of $1.06386 would signal a bullish session. However, the EUR/USD would need the retail sales numbers and Philip Lane to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0671 and resistance at $1.07. The Third Major Resistance Level (R3) sits at $1.0721. A fall through the pivot would bring the First Major Support Level (S1) at $1.0602 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.0550. The Second Major Support Level (S2) at $1.0570 should limit the downside. The Third Major Support Level (S3) sits at $1.0519. Looking at the EMAs and the 4-hourly chart, the EMAs send mixed signals. The EUR/USD sits below the 100-day EMA ($1.06549). The 50-day EMA narrowed to the 100-day EMA, while the 100-day EMA eased back from the 200-day EMA, delivering mixed signals. A move through R1 ($1.0652) and the 100-day EMA ($1.06549) would give the bulls a run at R2 ($1.0671) and the 200-day EMA ($1.06804). However, a fall through the 50-day EMA ($1.06243) would bring S1 ($1.0602) and sub-$1.06 Support Levels into play. A slide through the 50-day EMA would send a bearish signal.
Long
by skarantraderq
EURUSD Forecast 01/03/2023The EUR/USD needs to move through the $1.0597 pivot to target the First Major Resistance Level (R1) at $1.0621 and the Tuesday high of $1.06453. A return to $1.06 would signal a bullish session. However, the EUR/USD would need the stats and the ECB chatter to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0670 and resistance at $1.07. The Third Major Resistance Level (R3) sits at $1.0743. Failure to move through the pivot would leave the First Major Support Level (S1) at $1.0548 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.05. The Second Major Support Level (S2) at $1.0524 should limit the downside. The Third Major Support Level (S3) sits at $1.0451. Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.06213). The 50-day EMA slipped back from the 200-day EMA, with the 100-day EMA pulling back from the 200-day EMA, delivering bearish signals. A move through R1 ($1.0621) and the 50-day EMA ($1.06213) would give the bulls a run at the 100-day EMA ($1.06665) and R2 ($1.0670). A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.06213) would leave the Major Support Levels in play.
Long
by skarantraderq
EURUSD Forecast for 28th Feb 2023The EUR/USD needs to avoid the $1.0587 pivot to target the First Major Resistance Level (R1) at $1.0642. A move through the Monday high of $1.06199 would signal a bullish session. However, the EUR/USD would need the stats and the ECB chatter to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0674 and resistance at $1.07. The Third Major Resistance Level (R3) sits at $1.0761. A fall through the pivot would bring the First Major Support Level (S1) at $1.0555 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.05. The Second Major Support Level (S2) at $1.0500 should limit the downside. The Third Major Support Level (S3) sits at $1.0415. Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.06286). The 50-day EMA slipped back from the 200-day EMA, with the 100-day EMA pulling back from the 200-day EMA, delivering bearish signals. A move through the 50-day EMA ($1.06286) and R1 ($1.0642) would give the bulls a run at R2 ($1.0674) and the 100-day EMA ($1.06756). A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.06286) would leave the Major Support Levels in play. The US Session It is a day on the US economic calendar. Goods trade data for January will draw interest early in the session. However, barring a marked widening in the goods trade deficit, the numbers should have a muted impact on the dollar. The US CB Consumer Confidence numbers for February will influence. A larger-than-expected rise in confidence would support the more aggressive Fed monetary policy outlook. Economists forecast the Index to increase from 107.1 to 108.5. Other stats include house price data. However, the latest jump in US mortgage rates will mute investor sentiment towards a likely slowdown in house price growth in December. Following the latest Core PCE Price Index numbers, investors should also monitor FOMC member chatter.
Long
by skarantraderq
EURUSD Forecast for 22nd Feb,2023The EUR/USD needs to move through the $1.0660 pivot to target the First Major Resistance Level (R1) at $1.0682 and the Tuesday high of $1.06983. A return to $1.0680 would signal a bullish session. However, the EUR/USD would need today’s stats and the Fed minutes to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0721. The Third Major Resistance Level (R3) sits at $1.0782. Failure to move through the pivot would leave the First Major Support Level (S1) at $1.0621 in play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.0550. The Second Major Support Level (S2) at $1.0599 should limit the downside. The Third Major Support Level (S3) sits at $1.0538 Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.06954). Following the bearish cross on Wednesday, the 50-day EMA pulled further back from the 200-day EMA, with the 100-day EMA closing in on the 200-day EMA, delivering bearish signals. A move through R1 ($1.0682) and the 50-day EMA ($1.06954) would give the bulls a run at R2 ($1.0721) and the 200-day EMA ($1.07255). A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.06954) would leave the Major Support Levels in play. It is a relatively quiet day on the US economic calendar. There are no US economic indicators for investors to consider today. The lack of stats will leave the Fed in the spotlight. Late in the US session, the FOMC meeting minutes will draw plenty of interest. Following the latest round of US economic indicators and hawkish Fed chatter, the markets will dissect the minutes to gauge how far the Fed is willing to go. FOMC member chatter will also influence the dollar, with FOMC member Williams speaking late in the session.
Long
by skarantraderq
nifty -long for 4 %sequence of events (technical) is explanied why did nifty fall (marked in white ) 1. 100-50 MACD did show negative divergence - price moved up and up while the MACD indicator stayed static (marked as 1b).also 3-6 MACD showed negative divergence at the same time -causing a rapid downmove 2.green red revrsal at the top with the red candle (abdandoned baby candle) violating (not touching ) 3 day EMA (marked as 1a) 3.nifty breached 18 day EMA with ease followed by a short consolidation in form of symmetrical triangle . note that during the consolidation , there was no more than 2 green candles or pivot cross upwards 4. 18 day EMA crosssed 50 day EMA downwards 5.there was another consolidation inlast week of october - during this period there was no more than two higher highs or pivot crossover upward. the consolidation lasted till the 18 day EMA came down . a red candle tested and confimred 18 day EMA as resistance , casuing a rapid downfall from there (7th nov ) 6. at 22nd nov , nifty defended 200 day EMA and continued to saty above it till date BULLISH changes (marked in yellow ) 1. 200 day EMA defended 2. price crossed 18 day EMA on 25th and tested it as support on 29 th 3.on 3 rd dec, the pivot level (25th nov) was crossed upward and sustained above it ( first pivot breakout since 2 months ) & on 5 th dec . price crossed 50 day EMA and sustained above it 4.13 th dec , price went down , tested 18 day , 50 day , pivot level- all at once and closed above them -this brings confidence that bulls are active 5. MACD positive crossover -signifying that divergence as resolved target - atleast 5 % upwards
NSE:NIFTYLong
by FrankzMD
Mahindra & Mahindra: Chart Analysis and Trading SignalsTechnical Analysis of Mahindra & Mahindra Ltd. (M&M) Background: Mahindra & Mahindra Ltd. is a leading Indian multinational conglomerate with diverse business interests, including automobiles, farm equipment, financial services, and real estate. Technical Analysis: 1. Moving Averages: * 50-Day EMA: The 50-day EMA (blue line) is currently below the 200-day EMA, indicating a potential bearish trend. However, the 50-day EMA is starting to flatten out, which could signal a potential reversal. * 200-Day EMA: The 200-day EMA (orange line) is above the 50-day EMA, suggesting a longer-term bullish trend. However, the recent downward slope of the 200-day EMA indicates a weakening of this trend. 2. Relative Strength Index (RSI): * The RSI is currently around 40, suggesting that the stock is oversold. This could indicate a potential rebound in the near future. 3. Bollinger Bands: * The price is currently trading below the lower Bollinger Band, indicating a potential oversold condition. A break above the upper Bollinger Band could signal a bullish breakout. 4. MACD: * The MACD line is below the signal line, indicating a bearish trend. However, the MACD histogram is starting to narrow, which could signal a potential reversal. 5. Volume: * The volume has been declining recently, suggesting a lack of interest from buyers and sellers. Support and Resistance Levels: * Support: The 2,600 level could act as a strong support level. * Resistance: The 3,000 level could act as a strong resistance level. Trading Strategy: Buy: * Wait for a bullish crossover of the 50-day EMA above the 200-day EMA. * Wait for a break above the lower Bollinger Band. * Look for a bullish divergence between the price and the RSI. Sell: * Wait for a bearish crossover of the 50-day EMA below the 200-day EMA. * Wait for a break below the lower Bollinger Band. * 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. 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:M&M
by Stock_market_signals
Religare Enterprises Ltd (RELIGARE) - Long opportunityEntry Range: ₹250 - ₹270 Target: ₹380++ (more than 30% to 40% upside potential) Stop Loss: Below ₹230 EMA Levels: 21 Days EMA: ₹275.90 21 Weeks EMA: ₹249.05 200 Days EMA: ₹243.83 Technical Analysis: Religare Enterprises is currently in a consolidation phase, showing signs of bullish momentum on the weekly chart. The stock is holding strong above the 21-Day EMA and 21-Week EMA, which indicates a possible breakout if the price continues to hold above these averages. Entry Point: The best entry point lies between ₹250 and ₹270, based on the strong support around these levels. This range also coincides with the 21-week EMA, adding strength to the support zone. Support & Resistance Points: Support 1: ₹275.90 (21-day EMA) Support 2: ₹249.05 (21-week EMA) Resistance 1: ₹361.95 Resistance 2: ₹381.05 (Target) My View: Religare Enterprises is poised for a potential upside, given its strong support at the ₹250-₹270 range and favorable EMA conditions. The stock has shown resilience, and the next leg could see a target of ₹380+ if it sustains above these levels. A stop loss below ₹230 will help minimize risks in case of a downward trend.
NSE:RELIGARELong
by iampatilkishor
Moving Average Trading Strategy for Day TradingMoving Average Trading Strategy for Day Trading Day trading requires quick decision-making to buy and sell financial securities within the same trading day. For this, traders depend on effective trading strategies for dealing with uncertain markets. One popular approach is using moving averages (MAs), which smooth out price data to identify trends for day trading. MAs, like simple and exponential averages, provide valuable signals for when to enter or exit trades based on price movements. This article will look at how moving averages work, and their different types, and also discuss some of the most effective intraday MAs strategies. What is a Moving Average and How Does It Work? A moving average (MA) is a tool used in technical analysis to help understand stock prices. It gives you an average price that's regularly updated, which smooths out the ups and downs caused by short-term changes in the market. So, when a stock's price goes up and down a little over time, the moving average lets you see the general direction of where prices are heading. MAs get rid of all the extra details on the price charts, making it easier to spot the main trend in the market. Let's start by understanding how moving averages (MAs) work with a simple example. You want to find out the average price of a stock over the last 30 days. If the average price during this period is Rs. 545, the simple moving average (SMA) would be Rs. 18.16 (which is Rs. 545 divided by 30 days). Now, on the 31st day, you replace the price of the first day with the price of the 31st day. This means you always use the prices of the most recent 30 days to calculate the average. This way, the average 'moves' along with each new day, showing how the average price changes over time. This helps traders see historical price trends more clearly on charts. Types of Moving Averages Moving averages can vary based on how they are calculated and the time period they cover. Below is an overview of the most common moving averages used in technical analysis for intraday trading. Simple Moving Average (SMA): The SMA is calculated by taking the arithmetic mean of a given set of prices over a specific number of days in the past. It uses a simple arithmetic average of prices over some timespan. Exponential Moving Average (EMA): The EMA places greater weight on more recent prices than older ones over the time period. It is a weighted average that gives greater importance to the price of a stock in more recent days, making it an indicator that is more responsive to new information. Weighted Moving Average (WMA): The WMA assigns a weight to each data point based on its age, giving more importance to recent data points. Hull Moving Average (HMA): The HMA is a type of moving average that assigns more weight to the latest data and less (linearly) to the older data. Best Moving Averages Strategies for Intraday Trading? All the different types of moving averages mentioned above can be used for trading within the same day. Some moving average strategies work especially well for intraday trading. Let’s discuss some of the best ones. 1. 5-8-13 Simple Moving Averages (SMAs) The 5-8-13 Simple Moving Averages (SMAs) are a trio of Fibonacci numbers often used in day trading. They help identify potential trading opportunities by observing crossovers and divergences. For example, an upward trend might be signaled when the 5-period SMA crosses above the 8-period SMA, while a potential downward trend could be indicated when the 13-period SMA crosses below the other two. These SMAs offer insights into short-term price movements and possible trend reversals, making them a popular choice for intraday trading. 2. 10 & 20-period Simple Moving Average (SMA) The 10 & 20-period Simple Moving Averages (SMA) are often used by intraday scalpers trading off 1-minute charts. These SMAs can help traders identify short-term price trends and potential trading opportunities. For instance, a buy signal might be generated when the 10-period SMA crosses above the 20-period SMA, indicating a potential upward trend. Conversely, a sell signal might be triggered when the 10-period SMA crosses below the 20-period SMA, suggesting a potential downward trend. This makes the 10 & 20-period SMAs a useful tool for quick decision-making in fast-paced intraday trading. 3. 9-period and 21-period Exponential Moving Averages (EMA) The 9-period and 21-period Exponential Moving Averages (EMA) are often used by traders for 5-minute charts. These EMAs can help identify short-term trends in the market. For example, when the 9-period EMA crosses above the 21-period EMA, it might signal a potential upward trend, indicating a good time to buy. On the other hand, if the 9-period EMA crosses below the 21-period EMA, it could suggest a downward trend, signaling a good time to sell. This makes the 9-period and 21-period EMAs a useful tool for traders looking to capitalize on short-term price movements. Conclusion Using moving averages in day trading helps you see trends and decide when to buy or sell. Simple strategies like looking for moving average crossovers can guide you in making trades. Practice regularly and stay consistent to get better at using these techniques. Moving averages can be a powerful tool to help you trade more confidently and successfully in the fast-paced day trading environment.
NSE:NIFTY
by Dhan
EURUSD 6th APRIL FORECAST We can see a strong resistance at 1.08833 it it is broken then we can expect a Bear Move to 1.07863 The EUR/USD needs to move through the $1.0921 pivot to target the First Major Resistance Level (R1) at $1.0951 and the Wednesday high of $1.09696. A return to $1.0950 would signal a bullish session. However, the EUR/USD needs hawkish ECB chatter and hotter-than-expected industrial production figures to support a pre-US session breakout. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.1000. The Third Major Resistance Level (R3) sits at $1.1078. Failure to move through the pivot would leave the First Major Support Level (S1) at $1.0872 in play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.080. The Second Major Support Level (S2) at $1.0842 should limit the downside. The Third Major Support Level (S3) sits at $1.0764. Looking at the EMAs and the 4-hourly chart, the EMAs send bullish signals. The EUR/USD sits above the 50-day EMA ($1.08678). The 50-day EMA pulled further away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals. A hold above S1 ($1.0872) and the 50-day EMA ($1.08678) would support a breakout from R1 ($1.0951) to give the bulls a run at R2 ($1.1000). However, a fall through S1 ($1.0872) and the 50-day EMA ($1.08678) would bring S2 ($1.0842) into play. A fall through the 50-day EMA would send a bearish signal.
Long
by skarantraderq