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EUR/USD to Target $1.09 on Easing Bank Jitters and ECB ChatterThis morning, the EUR/USD was up 0.13% to $1.08107. A mixed start to the day saw the EUR/USD fall to an early low of $1.07949 before rising to a high of $1.08195. The First Major Resistance Level (R1) at $1.0817 capped the upside. The EUR/USD needs to avoid a fall through the $1.0781 pivot to retarget the First Major Resistance Level (R1) at $1.0817 and the morning high of $1.08195. A move through the morning high 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 the Second Major Resistance Level (R2) at $1.0836 and resistance at $1.0850. The Third Major Resistance Level (R3) sits at $1.0891. A fall through the pivot would bring the First Major Support Level (S1) at $1.0761 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.07. The Second Major Support Level (S2) at $1.0725 should limit the downside. The Third Major Support Level (S3) sits at $1.0670. Looking at the EMAs and the 4-hourly chart, the EMAs send bullish signals. The EUR/USD sits above the 50-day EMA ($1.07576). The 50-day EMA pulled away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals. A hold above S1 ($1.0761) and the 50-day EMA ($1.07576) would support a breakout from R1 ($1.0817) to give the bulls a run at R2 ($1.0836) and $1.0850. However, a fall through S1 ($1.0761) and the 50-day EMA ($1.07576) would bring S2 ($1.0725) into play. A fall through the 50-day EMA would send a bearish signal.
Long
by skarantraderq
EURUSD FORECAST 9TH MARCH,2023The EUR/USD needs to avoid the $1.0547 pivot to target the First Major Resistance Level (R1) at $1.0569 and the Wednesday high of $1.05739. A return to $1.0550 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 $1.0596 and resistance at $1.06. The Third Major Resistance Level (R3) sits at $1.0646. A fall through the pivot would bring the First Major Support Level (S1) at $1.0519 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.0450. The Second Major Support Level (S2) at $1.0497 should limit the downside. The Third Major Support Level (S3) sits at $1.0447. Looking at the EMAs and the 4-hourly chart, the EMAs send bearish signals. The EUR/USD sits below the 50-day EMA ($1.06058). The 50-day EMA slid back from the 100-day EMA, with the 100-day EMA pulling back from the 200-day EMA, delivering bearish signals. A move through R1 ($1.0569) would give the bulls a run at R2 (1.0596) and the 50-day EMA ($1.06058). However, failure to move through the 50-day EMA ($1.06058) would leave S1 ($1.0519) in play. A move through the 50-day EMA would send a bullish signal.
Long
by skarantraderq
EURUSD FORECAST 8th MARCH 2023The EUR/USD needs to move through the $1.0597 pivot to target the First Major Resistance Level (R1) at $1.0647. A return to $1.0550 would signal a bullish session. However, the EUR/USD would need the German and US stats to support a breakout session. In the case of an extended rally, the bulls will likely test resistance at $1.07 but fall short of the Second Major Resistance Level (R2) at $1.0745. The Third Major Resistance Level (R3) sits at $1.0893. Failure to move through the pivot would leave the First Major Support Level (S1) at $1.0499 in play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.0450 and the Second Major Support Level (S2) at $1.0448. The Third Major Support Level (S3) sits at $1.0300. Looking at the EMAs and the 4-hourly chart, the EMAs send bearish signals. The EUR/USD sits below the 50-day EMA ($1.06231). The 50-day EMA slid 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 ($1.06231) would support a breakout from R1 ($1.0647) to give the bulls a run at $1.07. However, failure to move through the 50-day EMA ($1.06231) would leave S1 ($1.0499) in play. A move through the 50-day EMA would send a bullish signal.
Long
by skarantraderq
EURUSD 27th Feb ForecastThe EUR/USD needs to move through the $1.0565 pivot to target the First Major Resistance Level (R1) at $1.0594 and the Friday high of $1.06143. 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 $1.0643. The Third Major Resistance Level (R3) sits at $1.0722. Failure to move through the pivot would leave the First Major Support Level (S1) at $1.0516 in play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.0450. The Second Major Support Level (S2) at $1.0487 should limit the downside. The Third Major Support Level (S3) sits at $1.0409. Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.06397). The 50-day EMA slid 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 ($1.0594) would give the bulls a run at the 50-day EMA ($1.06397) and R2 ($1.0643). A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.06397) would leave the Major Support Levels in play.
Long
by skarantraderq
EURUSD Forcast 24/02/2023The EUR/USD needs to avoid a fall through the $1.0600 pivot to target the First Major Resistance Level (R1) at $1.0623 and the Thursday high of $1.06278. A return to $1.0620 would signal a bullish session. However, the EUR/USD would need today’s 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 $1.0651. The Third Major Resistance Level (R3) sits at $1.0701. A fall through the pivot would bring the First Major Support Level (S1) at $1.0572 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 $1.0549 should limit the downside. The Third Major Support Level (S3) sits at $1.0498. Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.06626). The 50-day EMA fell 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) would give the bulls a run at R2 ($1.0651) and the 50-day EMA ($1.06626). A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.06626) would leave the Major Support Levels in play. The US Session It is a busy day on the US economic calendar. Personal income, spending, and inflation will be in focus. An unexpected rise in the Core PCE Price Index would fuel bets of a more hawkish Fed. Economists forecast the Core PCE Price Index to rise by 4.3% year-over-year in January. The Index was up 4.4% in December. Later in the session, consumer sentiment and Fed chatter will also draw interest. FOMC member Loretta Mester will deliver a post-stats speech.
Long
by skarantraderq
EURUSD Forecast 20th Feb,2023Today we may see a small correction and then again a rally into a Bull Section. Please pay attention to the mentioned levels for any trade set up. 18th Feb DH - 1.06986 DL - 1.06126 20TH FEB,2023 R1- 1.0724, S1- 1.0638 R2- 1.0754 R3- 1.0840, S3 - 1.0583 The EUR/USD needs to avoid a fall through the $1.0668 pivot to target the First Major Resistance Level (R1) at $1.0724. A return to $1.07 would signal a bullish session. However, the EUR/USD would need ECB member chatter and today’s 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 $1.0754. The Third Major Resistance Level (R3) sits at $1.0840. A fall through the pivot would bring the First Major Support Level (S1) at $1.0638 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.06 and the third Major Support Level (S3) at $1.0583. Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.07131). Following the bearish cross on Wednesday, the 50-day EMA pulled further back from the 200-day EMA, with the 100-day EMA narrowing to the 200-day EMA, delivering bearish signals. A move through the 50-day EMA ($1.07131) and R1 ($1.0724) would give the bulls a run at the 200-day ($1.07328) and the 100-day ($1.07456) EMAs. A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.07159) would leave the Major Support Levels in play
Long
by skarantraderq
Clear Buy IOC @70 With Sl 65 Holding Period Should Be Big Clear Buy IOC @70 With Sl 65 Holding Period Should Be Big 5 EMA and 8 EMA Trading Strategy This is the simple strategy that uses 5 EMA and 8 EMA indicators. Best works in Trending Markets, and worst in non-trending markets. Here’s How this strategy works: If the faster EMA (5 EMA) crosses the slow EMA (8 EMA) to the upside then its sign of an uptrend. If 5 EMA crosses 8 EMA to the downside, Its a sign of a downtrend.
NSE:IOCLong
by pranjal1997born
1
BTC ForecastBTC PA Forecast HISTORIC REFERENCE • 50W and 100W EMAs have collided in past also. Every time they have collided, historically a clear bull run starts within 1 month. RECENT FIRST TIME EVER EVENTS • 400W EMA Slope, which was in uptrend since beginning of BTC history is now nearly at 0°, which is flat. We are experiencing this first time ever. There is a very remote possibility that this slope will go and stay negative, i.e., down trend. Most likely it will run flat and then get back to uptrend. • Never was previous ATH breached. This time it is. • 200W and 300W EMA slopes are now in down trend – First time ever, a disaster event in the history of BTC. CONCLUSION There is very little possibility this disaster spree will continue and give way to next level disaster that will be when 50W EMA will cross 200W or even further 300W or 400W. FORECAST Therefore, with high probability, and correlation to past behavior, it can be forecasted that 200W, 300W and 400W EMA will now trend parallel. This means, BTC will derive support from 400W EMA and resistance from 200W EMA and price will range up and down the 300W EMA, as it is currently doing. Price will first try to break 200W around the week of 24th October 2022, high probability it will get rejected and will be back down to derive support from 400W EMA and then again try to breach 200W EMA again at around week of 10th April, high probability it will be successful in its second attempt and then finally try to break 100W and 50W confluence. Once that is done, we will be in a clear uptrend. This PA also conforms to Wycoff Accumulation Schematic. The calculations are based on Fib Time, Fib Levels, Exponential Moving Averages and Wycoff’s Schematics. THIS IS NOT A FINANCIAL ADVICE. Just Physics and Mathematics in action!
INDEX:BTCUSDLong
by GreenClairvoyant
1
DLF 1HExponential Moving Averages (EMAs): The chart displays multiple EMAs (20, 50, 100, 200) as colored lines: Red: EMA 20 at 908.20 Orange: EMA 50 at 887.65 Blue: EMA 100 at 870.84 Purple: EMA 200 at 858.31 These EMAs are used to show the stock's trend over different time frames, with shorter-term EMAs above the longer-term ones, indicating a bullish trend. Breakout Area: The price appears to have broken above a previous resistance level around ₹905-₹908. This area is now acting as support, with a bullish breakout confirmed by the price moving above it. A white horizontal line marks the former resistance level. Entry, Stop Loss, and Target: Entry: The trade appears to have been entered at around ₹921 (the current price level). Stop Loss: The stop loss is set just below the newly established support at around ₹893, marked with a red box. Target: The target price is set at ₹961, marked by a green box indicating a potential take-profit zone. Trend Analysis: The price has been moving upward, and the alignment of the EMAs suggests a bullish momentum. After the breakout, the stock retested the support level and is showing signs of a continuation towards the upper target. In summary, this setup represents a bullish breakout with clear entry, stop loss, and take-profit levels. The trade is based on the assumption that the price will continue its upward movement after breaking and retesting the resistance, now turned support.
NSE:DLFLong
by vinitsugandh
2
Jai Corp Ltd: Strong Breakout with Bullish MomentumWeekly Chart Overview: EMA 21 and EMA 50: The stock is currently trading above the 21-week EMA (₹365) and 50-week EMA (₹332), indicating that the medium-term momentum is positive. This bullish alignment of EMAs suggests that the stock is gaining strength, and buyers are in control. EMA 200: It is currently positioned around ₹284, showing long-term support. Volume Surge: The recent spike in price is accompanied by a significant volume increase, reflecting strong buying interest. This volume breakout confirms the upward price momentum. Key Levels to Watch: Support: ₹365 (21-week EMA) ₹351 (50-day EMA) Resistance: ₹399 (recent swing high) Conclusion: The combination of price moving above key EMA levels and strong volume makes Jai Corp Ltd a strong candidate for further gains, provided it sustains above ₹365. If the stock manages to break and hold above ₹399, it could trigger a further rally. However, watch for any pullback to the ₹365 level, as this would serve as critical support. Suggested Entry: Consider entering at or above ₹365 with a target range of ₹400 - ₹420 and a stop loss at ₹350. This stock seems poised for a continued uptrend, with all eyes on the volume and price action near resistance levels.
NSE:JAICORPLTDLong
by iampatilkishor
Indian Railway Catering and Tourism CorporationDate 15.09.2024 IRCTC Timeframe : Day chart Current Moving Average Spread As On 13/09/2024 20 Ema = 935 = Immediate trend 60 Ema = 958 = Short term trend 200 Ema = 926 = long term trend Price action on 13/09/2024 (Friday) Open = 936 = 20 Ema High = 957 = 60 Ema = Resistance Low = 935 = 20 Ema = Support Close = 936 = Near 200 ema / Support & Breakdown area Candlestick = Formed Gravestone Doji Trade Set-up : 1 Short , Once goes below 200 ema & second level of breakdown when goes below support zone of 915 which also means its breakdown of consolidation 2 Keep 20 ema as stoploss & trail, target one is previous days high or 60 Ema. More bullish when crosses Gravestone Doji's high. Regards, Ankur
NSE:IRCTC
by AnkurSingh
2
Rollbit Coin Price Forecast: Can RLB Recover And Rise Again?Rollbit Coin price is trying to recover the recent losses and is trading in green for the 4th consecutive session. At the time of writing, the RLB crypto was up nearly 8.95% intraday and was hovering close to $0.1176. The Rollbit Coin is extending the gains on the 4th consecutive session in order to recover the previous losses incurred previously. The short term trend favored the bears and the crypto loomed towards the yearly lows. However, the bulls seem to be active at the lower levels and are trying to pump the price higher in order to defend the yearly lows. Currently, the RLB crypto is struggling near the 50 day EMA and is trying to surpass it. The Rollbit crypto has taken multiple rejections from the 50 day EMA and slumped on the lower side. Now, if the bulls fail to conquer above the 50 day exponential moving average it may indicate a trend continuation and a selling pressure may again be observed on the charts. However, if the RLB price is able to sustain above 50 day EMA after a breakout. Then, It may invalidate a bearish trend and the crypto price may reverse its course to stay bullish ahead. Rollbit Coin Crypto Volume Analysis The volume analysis showcases that the volume inflow had been on a continuous drop for the last one week. However, the intraday volume count has jumped by nearly 65% indicating a rise in volume. At the time of writing, the volume inflow of RLB crypto was close to 2.73 Million USD. Moreover, the live market capitalization of Rollbit coin is 375.534 Million USD and ranks 223rd in the overall crypto market. The volume to market capitalization ratio is low at 0.79%. Also, the number of RLB tokens in the circulating supply is 3.296 Billion tokens. Rollbit Coin Price Technical Outlook. From a technical point of view, the Rollbit Coin price currently seems to be struggling to overcome the recent hurdles of the 20 and 50 day exponential moving average. The daily chart exhibits that RLB has taken multiple rejections from the 20 and 50 day EMA and slid lower. The key EMAs are acting as a dynamic resistance for the crypto. At the time of writing, the RSI line was placed close to the mean line at 53.55 points. Whereas, the 14 day SMA line was placed at 50.10 points. Both the RSI and SMA line were hovering slightly higher than the mean line indicating a positive outlook. Also, a bullish crossover of both the lines was observed which further adds confirmation. Rollbit Coin Price Forecast April 2024 On the most bullish observation, The Rollbit Coin price could rise to a high of $0.166 by the end of April 2024 suggesting an upside potential of nearly 41.3% if the buyers are able to surpass above 50 day EMA. On the flip side, the most pessimistic prediction of our analysts is for the price to break below the recent support of $0.085 after which the price may fall to $0.051 level. Conclusion. Rollbit Coin (RLB) is witnessing a bullish effort to recover from recent lows. The buyers are attempting to surpass the 50-day EMA which is acting as a dynamic resistance. The price has suffered multiple rejections from the 50 day EMA and slipped lower. Currently, the buyers are trying to sustain near the 20 and 50-day EMAs, with the key moving averages serving as dynamic resistance. The RSI at 53.55 and the 14-day SMA at 50.10, both above the mean, suggest a positive sentiment, reinforced by a bullish crossover. Now, If RLB crypto price sustains above the 50-day EMA, it may negate the downtrend and stay bullish. Technical levels: Support levels: $0.085 and $0.051 Resistance levels: $0.166 and $0.198 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.
PYTH:RLBUSDLong
by Ritika_TCR
GLOBAL: Potential Recovery Amidst Supportive Trendlines In this analysis, we will delve into the chart of GLOBAL to gain insights into its current state. The chart displays notable support levels, including a rising weekly trendline and weekly RSI trendline, indicating a potential reversal in the stock's direction. However, the stock is currently trading below the 50 EMA, 100 EMA, and 200 EMA, signaling a negative sentiment. Based on these observations, a buying opportunity at the current CMP is suggested, with a stop loss at 143 and a target of 193. Additionally, the recent opening of a sports academy adds to the positive development for the company. Analysis: The chart analysis of GLOBAL reveals several important aspects. Firstly, the presence of a rising weekly trendline suggests a significant level of historical support, indicating potential upward momentum. Additionally, the stock has taken support at the weekly RSI trendline, which further confirms the positive sentiment. However, it is worth noting that the stock is currently trading below the 50 EMA, 100 EMA, and 200 EMA, which indicates a negative trend and potential resistance levels. Based on the chart, there appears to be a buying opportunity at the current CMP. To manage risk effectively, it is recommended to set a stop loss at 143. The target for this trade is set at 193, indicating potential upside in the stock. Moreover, the recent opening of a sports academy adds to the positive sentiment surrounding GLOBAL. This development may be seen as a strategic move by the company to diversify its business and tap into the sports education and training market. Conclusion: In conclusion, the detailed analysis of GLOBAL's chart indicates potential recovery opportunities. The stock's support levels, including the rising weekly trendline and weekly RSI trendline, suggest favorable conditions for a potential price reversal. However, the stock's position below the 50 EMA, 100 EMA, and 200 EMA warrants caution and further scrutiny. Given the recent opening of a sports academy, the company's growth prospects may be positively impacted, adding to the overall sentiment surrounding the stock. As always, it is essential to conduct thorough research, consider your risk tolerance and investment strategy, and consult with a financial advisor before making any investment decisions.
NSE:GLOBALLong
by yaashul
1
Nifty: Wait for clarity to emerge before directional trade Nifty On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline. Now, we are looking at Daily candlestick chart pattern 1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083) 2. Given breakdown below the blue trend line and now retesting it 3. Resistance area blue line and 21 day EMA 4. 63 day EMA and yellow horizontal zone providing support for time being 5. No clear direction in Nifty as of now... _______________________________________________________________________________________ Trigger points that can give direction - Result season to begin soon - Budget expectations to be built in _______________________________________________________________________________________ We have a non directional trade still active which is in profits of roughly 76 points as of now. We continue to hold it and look to adjust in case we sense a direction emerging. _______________________________________________________________________________________ In case of a Breakout we are looking at 18720 odd levels as our target level in case of a breakdown we are looking at a possibility of roughly 17294 odd levels. _______________________________________________________________________________________ To trade with me, Do Like and Follow for getting more trading ideas like these...!!! PLs note: Logic behind using 21 day EMA and 63 day EMA instead of standard 20 day EMA and 50 day EMA - In a month we have 30 days. - barring Saturday / Sunday we have roughly 22 days - 1 holiday session factored in per month - That gives us 21 trading sessions in a month - Multiply by 3 months we get 63 days For me, this represents 1 month and 3 month average trade more precisely, than standard 20 day EMA and 50 day EMA. You are free to follow your own instincts and what works best for you...!!! Trust you find this useful. Take care & happy trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
Nifty: Wait for clarity to emerge before directional trade Nifty On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline. Now, we are looking at Daily candlestick chart pattern 1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083) 2. Given breakdown below the blue trend line and now retesting it 3. Resistance area blue line and 21 day EMA 4. 63 day EMA and yellow horizontal zone providing support for time being 5. No clear direction in Nifty as of now... _______________________________________________________________________________________ Trigger points that can give direction - Result season to begin soon - Budget expectations to be built in _______________________________________________________________________________________ We have a non directional trade still active which is in profits of roughly 76 points as of now. We continue to hold it and look to adjust in case we sense a direction emerging. _______________________________________________________________________________________ In case of a Breakout we are looking at 18720 odd levels as our target level in case of a breakdown we are looking at a possibility of roughly 17294 odd levels. _______________________________________________________________________________________ To trade with me, Do Like and Follow for getting more trading ideas like these...!!! PLs note: Logic behind using 21 day EMA and 63 day EMA instead of standard 20 day EMA and 50 day EMA - In a month we have 30 days. - barring Saturday / Sunday we have roughly 22 days - 1 holiday session factored in per month - That gives us 21 trading sessions in a month - Multiply by 3 months we get 63 days For me, this represents 1 month and 3 month average trade more precisely, than standard 20 day EMA and 50 day EMA. You are free to follow your own instincts and what works best for you...!!! Trust you find this useful. Take care & happy trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
Nifty: Chart view & key takeaways...!!!Nifty Not so long ago on 18th April we had highlighted that staying above 20 day EMA will increase the chances of testing 50 day EMA in the next 14 days. Not that we have reached there but we are very close to it. In case you missed, you can follow the link below It did give a scare by dropping below 20 day EMA but next day itself it recovered. We were able to spot that the breakdown was a fake breakdown and adjusted our trading strategy accordingly. Although we are still to cover some distance, here are some live current examples where the hypothesis worked out very well. 1 DAX, Germany chart - a picture perfect trade --------------------------------------------------------------- 2 Taiwan - it tested 50 day EMA before time. Could not survive the 3 day confirmation. Fell down towards 20 day EMA, took support and regained energy to reclaim 50 day EMA on the 14th day --------------------------------------------------------------- Dow Jones - again similar to Taiwan index was ahead of it's time . Regained strength and came back to conquer 50 day EMA on the 14th day. ---------------------------------------------------------------- Hangseng - a little bit tricky but again on time to conquer 50 day EMA on 14th day Not 1 but 4 charts are in front of you. The point I am trying to highlight here is you don't need any tips or any insider info to make money. Charts can be your biggest source of information provider. They do try to communicate with us. They try to tell us a lot. Are you ready to listen...??? What's my view on Nifty going forward... - we are reaching at a zone which has multiple resistance now Important levels on the upper side 9627 / 9685 / 9735 Important levels on the lower side 9493 / 9452 / 9396 / 9325 In best case scenario, over the next 2 months there is a case of Nifty heading towards 10200-10435 levels. - Understand this is not a buy recommendation for tomorrow. In all the above 4 charts Dax, Taiwan, Dow Jones, Hangseng notice the re-testing of 20 day EMA. So plan to buy only on dips towards 20 day EMA . That will provide better risk::reward ratio. - Trading is all about probabilities and managing your risk. Identifying levels which provide good risk::reward ratio -------------------------------------------------------------------------------------------------------------------------------- 2 key takeaway leanings. -- Moving Averages are less effective in a sideways market but when the gap between 2 Moving Averages is significantly large that's when M.A can be your best friend. (for beginners - 5 day, 20 day, 50 day, 200 day Moving Average are most common) - 3 day confirmation - with over 14 years of observation can tell you that most of false breakout / breakdown give up within 3 days. If it can survive beyond those 3 days you have a stronger confirmation and a higher probability of a winning trade. There you go. Note it down... Make your own diary & keep learning Getting a lot of request for presence in telegram. Thank you all for showing the interest and support.Will surely consider & keep you guys notified. You can always connect me here at tradingview. Follow...
NSE:NIFTY
by indiamarketoutlook
5
Hindustan Zinc: A Strong Rebound with Bullish MomentumThis is a stock that’s come a long way since its high of 800 in May 2024. No surprises there—it was trading at a premium level. But you knew that wasn’t sustainable long term. Then came the pullback. A solid one, mind you. By mid-September, it dropped to a low of 475. For most, that would look like an exit signal. For those who know the game, that’s just the market taking a breath. And if you looked closely, it was hitting the 200-day EMA at that low, signalling a bounce from a level where institutional money typically starts to take interest again. Here’s where things get interesting. Hindustan Zinc didn’t just find support at the 200-day EMA; it also broke out of a downtrend. That’s not a fluke. When a stock breaks out of a downtrend and stays above its moving averages, it’s a signal. A signal that it’s time to pay attention. Right now, it’s trading at 558, which is above both the 30 EMA and 200 EMA—strong territory. Trading above the 30 EMA and the 200 EMA isn’t just a technicality; it’s a show of resilience. A stock doesn’t sustain above those levels unless there’s momentum, and right now, that’s exactly what Hindustan Zinc has. It’s saying, “I’m here to stay.” The 30 EMA is typically a short-term trend indicator, while the 200 EMA speaks to long-term stability. Being above both is a rare occurrence—it means the bulls are in control, and the market is backing it. Bottom line? Hindustan Zinc is positioned with support and breakout potential. This is a tactical buy for those who recognise a solid foundation in both trendline and moving averages. Keep it on your watchlist because, in a game of tactical plays, this one’s delivering on every front.
NSE:HINDZINCLong
by breakout_ninja
Nifty positional analysis via moving average Hello dear trading viewers presenting to you a Nifty positional analysis via moving average in current scenario market taking support @ 50 ema and resistance is 20 ema, positionally its a absolutly sideways, no trade untill mkt not closing beyond any side either above 20 ema or below 50 ema as previously mkt taking support at 200 ema at the election result day so if closing below 50 ema than the next target is 200 ema and closing above 20 ema than the next target is fresh new life high
NSE:NIFTY
by sk_4587
1
GODREJAGRO: Breakout and Positive NewsIn this analysis, we will explore the chart of GODREJAGRO to gain insights into its current state. The chart showcases a breakout of a falling weekly trendline, indicating a potential shift in the stock's direction. Moreover, the stock recently found support at the 50 EMA and is currently trading above the 100 EMA and 200 EMA. Based on these observations, a buying opportunity at the current CMP is suggested, with a stop loss at 445 and target levels of 562 and 590. Additionally, positive news surrounding Godrej Agrovet's potential land allotment in Telangana adds to the optimistic outlook for the stock. Analysis: The chart analysis of GODREJAGRO reveals several significant developments. Firstly, the breakout of the falling weekly trendline suggests a potential reversal in the stock's downtrend, signaling a shift in investor sentiment. This breakout indicates increased buying pressure and renewed interest in the stock. Additionally, the stock has recently found support at the 50 EMA, which can act as a dynamic support level going forward. Furthermore, the fact that the stock is trading above the 100 EMA and 200 EMA indicates a positive trend and reflects a strengthening bullish bias. Based on the chart, a buying opportunity is presented at the current CMP. To manage risk effectively, it is advisable to set a stop loss at 445. The first target for this trade is set at 562, with a second target at 590, indicating potential upside in the stock. In terms of positive news, Godrej Agrovet's recent announcement of being allotted potential agricultural land covering an area of 47,000 acres in Telangana by the Department of Agriculture and Cooperation, Government of Telangana, as reported by Reuters, adds to the positive sentiment surrounding the stock. This news showcases the company's growth potential and future prospects, which can contribute to increased investor confidence. Conclusion: In conclusion, the detailed analysis of GODREJAGRO's chart suggests potential upside opportunities. The breakout of the falling weekly trendline indicates a shift in the stock's direction and increased buying pressure. The stock's recent support at the 50 EMA and its trading above the 100 EMA and 200 EMA further strengthen the positive sentiment. Additionally, the positive news regarding the potential land allotment in Telangana highlights the company's growth prospects. As always, it is crucial to conduct thorough research, consider your risk tolerance and investment strategy, and consult with a financial advisor before making any investment decisions.
NSE:GODREJAGROLong
by yaashul
Nifty: Plan your investment / trade after you read this... Observations - we are looking at Post 2008 Global meltdown era - the chart here is Nifty weekly chart - we have used 252 week EMA for our thesis - A Cycle here is defined as the rise of Nifty from 252 week EMA - making a top and then retesting the 252 week EMA - correction only to the point of 252 EMA is taken in to consideration - to cut off the noise, only time cycle where the candlestick is more than 104 weeks (2years) is considered Cycle 1 - we see 80 weeks of Rising phase giving returns to the tune of 84% before peaking out - the c orrection phase lasted 55 weeks and gave negative returns of 28.5% Cycle 2 - In 79 weeks in the Rising phase , Nifty gave 79% approximately & - in Correction phase it corrected 24.5% in 47 weeks Cycle 3 - this was an exceptional phase as the Rising phase lasted 205 weeks before peaking out and gave returns of 81.5% approximately & - the correction phase was the shorted and correction up to 252 week EMA was done in just 7 weeks which was 19% below the 12430 peak (again note we are not talking about full correction which was 39% but only correction up to 252 EMA here) Cycle 4 - In the current cycle, if 18604 level is our peak so far, it was reached in 72 weeks giving returns of 89% - the correction phase has already done 51 weeks so far & counting Interesting co-relations - Except for Cycle 3, The rising phase has been between 70-80 weeks - All the 4 Rising phase have given returns to the tune of 80-90% approximately - All the correction phase has been shorter than Rising phase - currently 252 week EMA is approximately 26% away from the recent peak corelating well with historical corrections Wow... that was too much of data analysis.😀 Whether Nifty retests 252 week EMA or not; only time will tell. All we can do is plan for it, be prepared and if opportunity does comes then be in control of the situation and make the most of it...😊 I hope the analysis would help you in planning your trade and investments... AIM FOR THE BEST... PLAN FOR THE WORST ! Do let me know what you think in the comment section below You can Thank me with a little Like and you can follow me of course. Feel free to share it, if you think it could help some one plan their trade and investment. It would make me feel the effort was worth it 🙏🙏 Take care & safe investing / trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
8
Sumitomo Chem long at 3801. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA Price topped out in July 2021, then distribution till mid Sept, Decline till Nov end and Accumulation from Dec. Currently price broke out over 50 EMA and pulled back till 50 EMA Also Price higher than 50 EMA (daily), higher than 21 EMA (Daily), higher than 200 EMA (Daily) signalling trend change 2. Is there any trend reversal in play? 1. Multiple divergence confirmations on MACD , RSI and MFI? Yes 2. At important support or resistance - horizontal - Yes bounce from 350 zone 3. At important confluence of EMAs + price + support - Yes - Daily 200 and Weekly 50 3. How are the candlesticks behaving and what is the volume doing Candlesticks - HH,HL plus volume shows buying. Weekly candle also is big green 4. Is there any trend continuation in play? Currently in advancing.... Good candidate for up trend to continue 5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance) Yes breakout of 50 EMA (daily) at 580 and then pullback to this level.... ideally upward trend should continue 6. Fundamental factors in play 1. EPS growing quarterly and yearly due to revenue growth and OPM growth... PE is lowest compared to EPS growth since 2020 2. Are institutional investors/promotors increasing their stake - Institutional, domestic and public have increased stake while promoters have diluted but they still hold 75%
NSE:SUMICHEMLong
by Golden_Ratio_Capital
Vishwa//@version=2 study(title = "Amarstock MMI", shorttitle="Amarstock MMI", overlay=true) len=input(10) o=ema(open,len) c=ema(close,len) h=ema(high,len) l=ema(low,len) haclose = (o+h+l+c)/4 haopen = na(haopen ) ? (o + c)/2 : (haopen + haclose ) / 2 hahigh = max (h, max(haopen,haclose)) halow = min (l, min(haopen,haclose)) len2=input(10) o2=ema(haopen, len2) c2=ema(haclose, len2) h2=ema(hahigh, len2) l2=ema(halow, len2) col=o2>c2 ? red : lime plotcandle(o2, h2, l2, c2, title="Amarstock MMI", color=col)
NSE:ICICIPRULI
by premparida111777
Nifty Alert: Chart set up and trading strategyNifty (in case the chart notes are overlapping, feel free to expand the chart as per convenience) - the red line (Laxman Rekha suggested in month of Feb 2021) has again provided support today... - a 3 day sustainable break of yellow turned dashed red line would increase the probability of breaking the Laxman Rekha for further down move Coming to the 50 day EMA and 200 day EMA - we observe 50 day EMA crossover above the 200 day EMA on 07 Aug 2020 - retest of 200 day EMA on 24 Sep 2020 - thereafter Nifty has been taking support at 50 day EMA and bouncing back - we also observe the bounceback getting weaker after every retest of 50 day EMA - at the 4th attempt Nifty is going sideways now.... The set up suggests the underlying is getting weaker and there is a strong probability of Nifty moving lower towards 200 day EMA in the next 2-3 months (Target level highlighted in the chart) - pattern gets invalidated if Nifty closes above the resistance zone highlighted in the chart Trading strategy Given the set up On any rise in Nifty levels, One may consider selling Nifty 27-May-2021 expiry 15200 Call option in the range of 250-300 The strategy gives a return potential of 14-16% over the next 50 odd days. More importantly it covers risk for a rise in Nifty level up to 15500 till 27 May 2021 giving us ample scope to adjust / exit in case Nifty moves in the direction of SL. Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook