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Gold holds steady as investors eye Fed decisionGold prices were little changed on Wednesday as market participants awaited the U.S. interest rate verdict, while the spotlight was also on President Donald Trump's trade policies amid fresh tariff threats. 💡Key Market Influences: Asian Bank Holiday (Lunar New Year): Liquidity will be significantly lower today, which may lead to a tighter price range in the Asian . FOMC Data Release Tonight: The market will closely watch the statements from Fed Chairman Powell, as they could have a major impact on USD (DXY) and set the long-term direction for gold. 📊 Key Observations: 1. Support & Resistance Levels: o Immediate Resistance:  $2,771–2,772 (Marked OB Zone): This is a supply zone or order block (OB) identified on the 1-hour chart, acting as a critical resistance level.  All-Time High Zone: The price is approaching a significant resistance area near the $2,790 level, the all-time high. o Support Levels:  $2,737 Level (Marked POI Level): This is an important demand zone (Point of Interest or POI) where buying pressure previously occurred.  $2,710 Zone: Another significant support level where price saw a reversal, reinforced by the proximity of the 200 EMA. 2. Order Block on 1-Hour (OB on 1H):  The $2,771–2,772 area is identified as a bearish order block. If the price fails to break above this level, it could signal a rejection and potential downside movement. o Demand Zone Near $2,737:  A key bullish order block where price bounced upward after a CHoCH (Change of Character) confirmed bullish momentum. 3. Trend Analysis: o Bullish Channel Formation:  Price is trading in an ascending channel, indicating a bullish trend.  Price is currently in the middle of the channel, suggesting more room for upside if it can break the resistance zone. o Higher Lows Formation:  Clear signs of higher lows confirm the bullish structure on this timeframe. 4. Exponential Moving Average (EMA): 200 EMA:  Positioned around $2,737, providing dynamic support.  The price bounced off this level, indicating strong bullish sentiment as long as it stays above the EMA. 5. Change of Character (CHoCH): o Bullish CHoCH:  The breakout above the previous structure low near $2,737 signals a shift from bearish to bullish momentum. 6. Volume Insights: o Noticeable spikes in volume near the $2,737 support level, suggesting increased buyer activity in this area. Trading Insights: 1. Bullish Scenario: o A clear breakout above $2,771–2,772 OB could lead to a continuation toward the $2,790 all-time high. o Maintain long positions as long as price stays above the 200 EMA and the $2,737 support zone. 2. Bearish Scenario: o Rejection at $2,771–2,772 may lead to a retracement toward the $2,737 support level or the $2,710 zone. o Watch for a break below $2,737, which could invalidate the bullish trend. Key Levels to Watch: • Resistance: $2,771–2,772 and $2,790 • Support: $2,737 and $2,710 • Critical EMA Level: 200 EMA at $2,737 ⚠️ Next Steps: • Monitor price action closely around the $2,771–2,772 OB zone for signs of a breakout or rejection. • Use the ascending channel boundaries to plan entry and exit points. • Keep an eye on volume spikes for confirmation of trend strength. 👉 Always follow TP/SL to protect your capital and maximize profits! Stay tuned for updates once the confirmations are in place! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! 📢 Best Regards , Silver Wolf Traders Community Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively
OANDA:XAUUSD
by silverwolftraders029
Can we bet on Hospital Stocks due to Surge HMPV Virus Cases?Introduction: HMPV Virus Cases are surging and market reacted wildly to the reports of fresh cases in India. Hence healthcare and hospital sectors are again coming under limelight. The India VIX, a measure of market fear, surged by 13% due to a broad sell-off in mid and small-cap stocks across all sectors. The Sensex declined by more than 1,200 points, reaching a daily low of 77,960, while the Nifty plummeted close to the 23,600 mark. Hospital stocks garnered investor interest following the government's confirmation of three cases of Human Metapneumovirus (HMPV)—two in Karnataka and one in Gujarat—amidst fears of a viral outbreak causing turmoil in China. About KMC Hospitals KMC Speciality Hospitals (India) is in the healthcare sector running, operating, maintaining multi-specialty hospital in Trichy. The company belongs to the Kauvery Hospitals group. The Company is primarily engaged in the business of rendering medical and healthcare services. Fundamentals: Market Cap: ₹ 1,297Cr.; Stock P/E: 50.0 (Ind. P/E: 58.09) 👎; ROCE: 21.7% 👍 ; ROE: 23.6% 👍; 3 Years Sales Growth: 20% 👍; 3 Years Profit Growth: 34% 👍; Technicals: The stock has given a strong breakout for the last 6 sessions by taking strong support around 75 levels. RSI (56.24) is indicating price strength. 20 EMA (Black Line) is trading below 50 EMA (Orange Line). To confirm the bullish trend 20 EMA has to get past 50 EMA and 100 EMA (Sky Blue Line) in the daily charts. Resistance levels: 84, 92, 95 Support levels: 75, 71
BSE:KMCSHILLong
by shanmurali
NIFTY analysis for tomorrow 03 JAN 24As we discussed, the NIFTY has been in sideways accumulation phase, it has broken to upside. If we look at the chart now: The market is trading at 50 EMA (1D-tf) and 200 EMA (4H-tf) resistance levels. Also, the market has given good bullish momentum today. Tomorrow might be a small side day. Also, the market is trading near the resistance level, which is going to provide good resistance. Important levels and trendlines have been marked on the chart. Support levels: 200 EMA, 23950, 50 EMA (23800) Resistance levels: 24167, Trendline (PINK), 24330 If we look at the OI data: PCR = 1.2, which shows a good bullish structure in the market. The market has 24200 as max pain. As it is the very beginning of the weekly expiry, OI data is not going to play a very crucial role. Lower sides 24000, 23900, and 23800 have very good PE writing, so bulls are quite strong on lower levels. On higher levels, 24500 has good CE writing, which is going to provide good resistance. I am expecting The market is to be sideways unless it breaks the PINK trendline. Reason: RSI = 77 shows a bullish structure. (Bullish) - Price > EMA(13, 50, 200), which indicates a good Bullish structure. (Bullish) PCR = 1.2 indicates bullish direction in the market. Price > VWAP shows a good bullish structure in the market.   Verdict: Sideways or Bullish Plan of action: Sell 24200 CE and Sell 24200. PE holds it in the range. Exit one leg if it breaks to one side.
NSE:NIFTYLong
by finnova_
11
Balkrishna Industries (BALKRISIND) Monthly Chart AnalysisThe technical setup combines Fibonacci retracements, trendlines, and moving averages to reveal key insights into future price action. The following analysis covers key support and resistance levels, bullish and bearish scenarios, and potential trade opportunities. Trend Overview : The stock is in a long-term uptrend, supported by a rising trendline that has acted as a strong base. Recent corrections indicate a healthy retracement within this uptrend. Fibonacci Retracement Levels : The Fibonacci retracement is drawn from a major swing low to swing high. Key levels: 23.6% at 3,096.30. 38.2% at 2,966.30 (currently breached). 50% at 2,785.30 (tested as support). 61.8% at 2,605.30 (a critical level for buyers). 78.6% at 2,466.30 (final support zone). Support Zones : Primary Support: 50% retracement at 2,785.30 coinciding with EMA-21 (~2,661.59). Secondary Support: 61.8% retracement at 2,605.30 aligned with a consolidation zone. The long-term trendline also intersects around these levels, adding confluence. Resistance Zones : Immediate Resistance: 23.6% retracement at 3,096.30. Strong Resistance: Previous swing high near 3,374.30. Psychological resistance at 3,500. Exponential Moving Averages (EMAs): EMA-9 at 2,850.54 is currently supporting the price. EMA-21 at 2,661.59 aligns with the 50% Fibonacci level, acting as a critical support zone. The EMAs are in a bullish crossover, indicating long-term strength despite short-term corrections. Volume Analysis : Monthly volumes are consistent, with higher volumes during bullish candles, signaling strong institutional interest. The recent pullback has seen declining volumes, suggesting a lack of aggressive selling. Bullish Scenario : If the price holds above the 50% retracement (2,785.30) and regains 3,096.30, the uptrend could resume. Breakout above 3,374.30 may lead to new all-time highs, targeting 3,826.20 as per the Fibonacci extension. Bearish Scenario : A breakdown below the 61.8% retracement (2,605.30) and the long-term trendline could invalidate the uptrend. Further downside could target the 78.6% retracement at 2,466.30 and psychological support at 2,400. Trade Plan For Bulls : Entry: Near 2,785.30 (50% retracement) with confirmation of reversal signals. Target 1: 3,096.30 (23.6% retracement). Target 2: 3,374.30 (previous high). Target 3: 3,826.20 (Fibonacci extension). Stop Loss: Below 2,605.30 (61.8% retracement). For Bears : Entry: On breakdown below 2,605.30 with strong bearish momentum. Target 1: 2,466.30 (78.6% retracement). Target 2: 2,400 (psychological level). Stop Loss: Above 2,785.30.
NSE:BALKRISINDLong
by handaakshsy
MAZDOCK BREAKOUT ! 🔍 Technical Analysis Highlights: Breakout Formation: Price is testing the breakout zone (~₹5,041), signaling bullish momentum. Volume Confirmation: Increasing volume indicates strong buyer interest. EMA Support: The stock is trading above both the 21-day and 50-day EMAs, confirming bullish strength. Bullish Trend: The stock has shown strong recovery from lows, forming higher highs and higher lows. 📊 Trading Setup Current Price: ₹5,030.65 EMA Levels: 21-Day EMA: ₹4,647.27 (Blue Line) 50-Day EMA: ₹4,452.96 (Purple Line) ✅ Entry Point Buy above ₹5,041 (recent breakout zone). 🎯 Target Target 1: ₹5,555 (near resistance level and marked profit area). 🛑 Stop-Loss Place SL at ₹4,858.70 (recent swing low). ⚙️ Risk/Reward Ratio Risk/Reward ratio is favorable, with clear upside potential and minimal downside risk.
NSE:MAZDOCKLong
by piyushr401
4
NIFTY analysis for tomorrow 14 Dec || BullishAs we discussed NIFTY in the last analysis, nifty is accumulating. It gave a sharp momentum to the downside and then gave a V-shaped recovery and closed at +219 Point. If we look at the chart now: The market took support at 200 EMA and gave V shape recovery, which indicates a good bullish setup in the market. The price is trading higher than that of EMA, showing a good bullish structure in the market. Market importance levels are as follows: Support levels: 50 EMA, 24522, 24339, 200 EMA Resistance levels: 24800, 25140 If we look at the OI data: PCR = 1.0, which has increased from 0.9, shows bulls are adding the position in the market. The market has good PE writing at 24500 and 24400. Other levels, 24600, 24700, and 24800, have a moderate amount of writing, showing it can be volatile in that zone. If 24800 breaks to the upside, the next good resistance level is 25000, where good CE writing has been done. I am expecting Case 1: Sideways in the range 24521 - 24800. Case 2: if the market breaks 24800 to the upside, the direct target will be 25000. Reason: RSI > 60 shows a good bullish structure. (Bullish) Price > EMA(13, 50, 200), which indicates a good bullish structure. (Bullish) The market has given a good volume of buyers. (Bullish) PCR = 1.0 indicates a bullish market. Price > VWAP shows a good bullish structure in the market.   Verdict: Bullish or Sideways Plan of action: above 24800 Bullish go CE buying. in the range 24522 - 24800 Sideways. go with Iron condor
NSE:NIFTYLong
by finnova_
2
NIFTY getting ready for Bulls (Buy on Dip)As we discussed in the last analysis, nifty is accumulating. It is expected to be bullish in upcoming sessions. Impoartant support and resistance levels are on the chart. If we look at the chart now: The market is in the accumulation phase, and it can be bullish soon. The market is trading at 200 EMA (15 min TF), which is expected to provide support here. 24521 - 24830 is the mother candle zone and is expected to be a sideways or high volatility zone of accumulation. The price is trading lower than EMA(13,50) and above EMA(200), which can be a good point of support. If we look at the OI data: PCR = 0.90 shows a bullish structure of the market. The market has good PE writing at 24500, which is going to provide good support. Also, it has more CE writing on the upper side at 24600 and 24700, which is going to provide good resistance on the higher side. I am expecting Case 1: Sideways in the range 24521 - 24830. Case 2: if the market breaks 24521 to the downside - Bearish Reason: RSI < 40 shows a weak bull structure. (Bearish) EMA(13, 50) > Price >= EMA(200), which indicates an indecisive or rather sideways market. The market might receive support at 200 EMA. The market has given a good volume spike that shows this level is good support. PCR = 0.8 indicates an upcoming bullish market. Price < VWAP shows that a weak market structure can lead to a bearish market.   Verdict: Bearish or Sideways. Plan of action: Buy on dips for Bullish let the setup be formed.
NSE:NIFTY
by finnova_
My Analysis of EURUSD (1 Hour Chart)Hello everyone, Ascending Channel Formation: Price is moving within a clear ascending channel, with higher highs and higher lows forming along the way. This structure suggests a temporary upside correction within the overall downtrend. EMA Dynamics: The 34 EMA (purple) is currently acting as dynamic resistance, rejecting multiple attempts to break higher, as indicated by the red arrows. The 89 EMA (pink) is closely aligned, consolidating the resistance zone and signaling bearish momentum when the price is below these levels. Key Resistance Zone: The upper boundary of the channel, near 1.0525, is a key resistance zone. This zone is consistent with the rejection from the EMA and is expected to limit upside momentum. Near-term Price Movement: I expect price to retest this resistance level and potentially fake out in the short term before moving lower. A break of the ascending channel to the downside would confirm a continuation of the decline. Target Level: The initial downside target is around 1.0450, near the middle of the previous range. If the decline continues, I expect the price to fall further towards the support level of 1.0352, which marks the lower boundary of my expected price. Risk Zone: A sustained break above 1.0550 would invalidate my bearish outlook and signal further upside. Conclusion: For now, I am watching how the price reacts at the upper boundary of the ascending channel and the EMA resistance zone. Any rejection or bearish candlestick pattern would confirm my short bias, focusing on the downside targets.
Short
by Bo-Samson
Will 1.2590 Support Hold?On the hourly GBP/USD chart, it is clear that the British pound is under pressure. The price is currently trading below both the 34 EMA and the 89 EMA, which is a sign that the downtrend is still intact. The fact that the 34 EMA is below the 89 EMA suggests that the downtrend could extend. In recent hours, it seems that the price has tested the support around the 1.2590 area but has not been able to recover above the 34 EMA, which indicates weakness in the GBP recovery attempt. If this support level is broken, we could see GBP/USD continue to decline to new lows.
by Maria_aaa
Signs of Recovery or Resistance Ahead?Currently, GBP/USD is trading around 1.26857, indicating a slight recovery after the previous extended bearish phase. The British pound is showing more positive signs, however, the pressure from the EMA 89 resistance has not been completely broken. The GBP/USD pair remains in an overall downtrend, confirmed by lower highs and lows. The EMA 34 and EMA 89 continue to slope down, indicating that selling pressure is still dominant. Resistance and support: Nearest resistance: The area around 1.2700-1.2720, which coincides with the EMA 89. This is an important zone that needs to be broken to confirm a short-term reversal. Key support: The 1.2600 area, where the pair has found buying pressure in recent sessions. If this zone is broken, GBP/USD could fall further to 1.2540. Personal view: I expect GBP/USD to continue its slight recovery in the short term to test the resistance zone of 1.2700-1.2720. If it fails to break, the price will reverse and retest the support at 1.2600. However, if there is a strong news factor supporting the pound, the pair could break above the 89 EMA and open the door for further gains.
by Maria_aaa
USDJPY: Bulls run out of steam, focus on US Retail Sales, 150.00USDJPY is stuck in a tight weekly trading range near the 200-day Exponential Moving Average (EMA), hovering between 149.30 and 150.00, as traders are on the lookout for the US Retail Sales report coming Thursday. Buyers need a strong boost to keep the reins In addition to the nervousness ahead of the data release and the 200-day EMA, the fading bullish momentum in the MACD and a steady RSI near overbought levels show that USDJPY is struggling to attract buyers. However, trading above key EMAs makes it tough for sellers to gain control. While bulls are likely to stay in charge, a pullback seems expected unless the upcoming data gives the US Dollar a lift. Key technical levels to watch If the US Dollar falls after the data, watch for the 149.30 level comprising the lower band of the immediate trading range and the 200-day EMA as key support. Following that, a quick drop to the 147.30-20 zone, including the 50-day EMA, is possible. However, the quote’s sustained weakness past 147.20 will make it vulnerable to slump toward the 23.6% Fibonacci Retracement of its July-September downside, close to 144.85. On the upside, buyers need to break above 150.00 to maintain control. If they do, a rise towards the 50% and 61.8% Fibonacci levels at approximately 150.80 and 153.50 is likely. Buyers are still optimistic, but it all hinges on the US data Despite challenges for USDJPY buyers, solid support levels and potentially positive US data hint at further gains. This is especially true with the Bank of Japan's easing hawkish stance and expectations for fewer rate cuts from the US Federal Reserve.
by MTradingGlobal
2
Stock Analysis: Rico Auto🚗 Multi-Year Breakout Alert! Rico Auto has shown significant strength with a multi-year breakout, surpassing its 2005 all-time high. Let’s break it down: Historical Resistance: The stock tested its 2005 all-time high two times: In 2017, it reversed from these levels. In 2023, it made another attempt but failed to break through. February 2024 Breakout: This time, the stock finally broke the strong resistance with good volume in February 2024. This breakout suggests a potential long-term trend shift. Current Retest: The stock has now returned to retest this key breakout level, which is now acting as support. However, there’s one thing to watch out for: 📉 EMA Overview: 50 EMA: The stock is currently trading below the 50 EMA. 200 EMA: It is also below the 200 EMA, indicating the long-term trend is still bearish. 🎯 What to Watch: A successful hold at the current support level could lead to an upward move. But the stock will need to reclaim the 50 and 200 EMAs to signal stronger bullish momentum. Keep an eye on volume and price action for a clear breakout or breakdown from these levels. Always conduct your own research and analysis before making any investment decisions. 🚨 #StockBreakout #RicoAuto #TechnicalAnalysis #SupportAndResistance #EMAAnalysis
NSE:RICOAUTO
by TechnoTrader10
Technical Analysis of Reliance Industries Ltd. (2969)Current Price Action: Based on the chart provided for Reliance Industries Ltd., the stock is trading around ₹2969 as of today’s session. Over the last few sessions, the stock has been showing signs of recovery after reaching a support level near ₹2860. Moving Averages: 21-Day EMA: The price is trading near the 21-day Exponential Moving Average (EMA) at around ₹2965, which is acting as a short-term resistance. A sustained move above this level could signal further bullish momentum. 200-Day EMA: The 200-day EMA at ₹2861 is providing strong support. Historically, Reliance tends to respect this long-term average, making it a reliable indicator for trend reversals or continuations. Volume: There has been a notable increase in volume in the last few sessions, indicating strong interest from institutional and retail investors around the current price range. This could be an early signal of a larger move. Strategy: Buy Zone: ₹2965 - ₹2980 Stop Loss: Below ₹2850 (based on 200-day EMA support) Target 1: ₹3040 (short-term) Target 2: ₹3240 (medium-term) Target 3: 3400+++
NSE:RELIANCELong
by iampatilkishor
Hindustan Copper Date 17.09.2024 Hindustan Copper Timeframe : Day chart Trade Set-up For Long/Buy side : Enter on breakout closing of cloud + descending angle of triangle pattern having bounce from 20 ema & 60 ema . Keep 20 ema & 60 ema as stoploss on closing basis. This set up will be more useful for swing trading. Rsi above 50 will act as trend confirmation & trend continuation For Short/ Sell side : Enter when price closes below 200 ema + cloud + below neckline. Rsi below 50 will confirm the breakdown & trend continuation. If next day crosses the low after closing below mentioned above set-up then high momentum breakdown intraday basis. Regards, Ankur
NSE:HINDCOPPER
by AnkurSingh
Asian Paints - Bullish Signals Asian Paints - Bullish Signals Fundamentals MCAP- 303418Cr PE - 60 > Induustry PE of 53 PEG Ratio is 2.91 Debt to Equity is 0.13 and ICR is 33 ROE is 31%, ROCE is 37% ( 5yr ROCE is 33%) Sales growth is 1%(stagnant), 5yr Sales growth is 13% Profit Growth is 9%, 5yr Profit growth is 20% Promoter holding is rock solid , 52-53% Latest results - Slightly below estimates Technicals CMP - 3170 Bullish - Above EMA 9, 21,63, 200 EMA 63 is just below EMA 200. Expect it to crossover soon. As seen in charts 3550-3600 is acting as resistance and the stock has failed to cross this level 3 times so far. 2700 is major support. It has bounced back from this level 3-4 times in the last 2 years. Stock is trading in the range of 2700-3600. With EMA 63 poised to cross EMA 200, I expect the stock to touch 3550 levels in the next few months. Target : T1, As per Technicals = 3550 T2 = 4500, If 3600 is breached Disclosure 1 - Invested Disclosure 2 - Not SEBI Registered Disclosure 3 - This is Not investment advice. Treat it as educational
NSE:ASIANPAINTLong
by harishnarayan2579
Geojit Financial Services Ltd. (NSE: GEOJITFSL) - 20th Aug 2024Key Support Levels: 3-Year High Support: The stock has taken support above its 3-year high, which is around ₹102.70. This level has proven to be crucial for the stock, acting as a strong support zone. 200-Day EMA Support: The 200-day EMA is currently positioned at approximately ₹88.11, offering a robust long-term support level. This moving average has historically acted as a floor for the stock price, preventing further decline. Resistance Levels: Immediate Resistance: The immediate resistance is near the ₹115 level, where the stock has faced selling pressure in the past. A break above this level could lead to a retest of higher resistance zones. Major Resistance - All-Time High: The major resistance is the all-time high at ₹147.05. A breakout above this level could signal the continuation of the long-term bullish trend. Market Outlook: The chart suggests that the stock has found strong support above its 3-year high, which could act as a launching pad for the next upward move. The 200-day EMA at ₹88.11 provides additional support, making this level critical for long-term investors. Potential Upward Move: The chart indicates a potential upward trajectory, with the possibility of retesting and breaking the ₹147.05 all-time high. If the stock maintains its support above ₹102.70 and gains momentum, the next target could be around ₹130-₹135 in the short to medium term. Downside Risk: On the downside, if the stock fails to hold the support at ₹102.70, it could test the 200-day EMA around ₹88.11. A break below this level would be a bearish signal, potentially leading to a more extended downtrend. Trading Strategy: For Bulls: Consider entering on a breakout above ₹115, with a target near ₹130-₹135 and a stop-loss below ₹102.70. For Bears: Consider shorting if the stock breaks below ₹102.70, with a target near the 200-day EMA at ₹88.11, keeping a stop-loss above ₹115.
NSE:GEOJITFSLLong
by iampatilkishor
2
Can $11 Million Inflow Trigger A Breakout in Stacks (STX)?Can $11 Million Inflow Trigger A Breakout in Stacks (STX)? Meta Description: Stacks has experienced more modest gains as compared to other altcoins rising nearly 45% from August lows The OI data has surged from $30 Million to $41 Million indicating in the last couple of sessions indicating a growth. The daily chart highlights a correction phase with the price stuck in a declining channel. Stacks has experienced more modest gains as compared to other altcoins rising nearly 45% from the August lows. In a span of one week, Stack's price made a strong comeback from the lows indicating better days round the corner. Furthermore, The on-chain data reveals a significant development in the Open Interest data indicating the increased confidence of the investors. At the time of writing, Stacks was exchanging hands close to $1.54 level indicating a 1.5% growth a day. Despite all this, the long term trend favors the bearish side. As observed on the daily chart, the crypto has been in a correction phase since the very beginning of April. The price has dropped over 60% since then and was observed forming an interesting pattern over the charts. Stacks Price Open Interest Data Analysis As per the data obtained from an on-chain analytics website app.santiment.net, the open interest data observed an impressive 30% growth in the recent sessions. The total OI contracts have jumped from $30 million to 41 Million in the couple of sessions indicating a 30% growth. Source: app.santiment.net Moreover, the transaction volume has observed a nearly 46% growth a day and has reached $99.2 Million. The rise in the transaction volume indicates a heightened demand. Also, the volume to market cap ratio was 4.4% indicating low volatility in the crypto. Stacks has a live market capitalization of $2.28 Billion and ranks 32nd in the cryptoverse. Out of a total supply of 1.81 Billion STX tokens, nearly 1.48 Billion tokens are currently in circulation. Can Stacks Break Out Of A Correction Phase In August? Despite the efforts in the recent sessions, Stacks price still hovers in a long term bearish trend. The daily chart highlights the formation of a declining parallel channel pattern with the price sliding between the lower and upper boundaries of the channel. Moreover, the STX price has surpassed the 20 day EMA suggesting a strength in the short term. However, the long term trend still remains bearish below the 200 day EMA. As of now, the price lags nearly 17% in comparison to the 200 day EMA. On the higher side, STX needs to surpass the 50 and 200 day EMAs in order to claim a bullish reversal on the charts. However, until the price hovers below the 200 day EMA, it may remain in a bearish zone and might head downwards if the selling pressure exceeds. On the higher side, the $1.9 level may act as a crucial resistance for the price. whereas on the lower side, the $1.2 level may emerge as a crucial support for Fantom. Stacks price has risen nearly 45% from August lows, showing a strong comeback in a week. Moreover, Open interest grew 30%, from $30 million to $41 million indicating high demand. The transaction volume has surged by 46% to $99 Million a day. Despite short-term strength above the 20-day EMA, Stacks remains in a long-term bearish trend below the 200-day EMA, lagging by 17%. The price was currently within a declining parallel channel. For a bullish reversal, it needs to surpass the 50 and 200-day EMAs.
COINBASE:STXUSDLong
by Ritika_TCR
Pepe Crashes Nearly 26%: Further Downfall or A Recovery Ahead?Pepe Crashes Nearly 26%: Further Downfall or A Recovery Ahead? Pepe, the third largest memecoin suffered a significant drop of nearly 26% in the recent sessions. Despite a sharp drop in the price, the user engagement curve has improved. The broader market is facing a bearish wave which is pushing the price lower eroding the gains obtained in the last couple of weeks. The weakness has triggered a selloff in the meme coins as well, which performed extremely well in the previous months. As the crypto markets turned bearish, major cryptocurrencies suffered a strong selling pressure including Pepe. Pepe, the third largest memecoin suffered a significant drop of nearly 26% in the last five sessions. The recent selloff has triggered an uncertainty among the investors. Hence it's worth having a closer look at the price trajectory of memecoin to see whether the current state may continue to prevail or reverse. Increasing User Engagement Could Propel Pepe Price higher PEPE stands out in the meme coin market by leveraging the legacy of Pepe the Frog, a character with a rich and controversial history. The project's commitment to honoring this iconic figure sets it apart from other cryptocurrencies, enhancing its appeal within the crypto community. Despite a drop in the price, the analysts have noted a positive development in on-chain metrics: daily active address. As per the analysts, the 24 hours active address as well as 7 day active addresses have recorded an upward trajectory in the recent sessions. The increasing number of active addresses highlights the rising user engagement in crypto. The active address metrics reflect the total number of unique addresses that have taken part in transactions within the stated time frame. Can Pepe Bounce Back Or Suffer More? The daily chart highlights a sharp selloff in the recent sessions. Pepe crypto is on a 5 day losing streak snapping off nearly 26%. Moreover, the reading volume has contracted by 10% to 792.8 Million a day. From a technical standpoint, Pepe price has broken below the 20 and 50 day exponential moving average suggesting a weak outlook in the short term. However, the long term trend still supports the buyers side as the price currently leads the 200 day EMA by 3%. On the lower side, the 200 day EMA and $0.0000084 may act as a crucial level for the crypto. Now, if the bulls establish their presence near the support zone, then pepe may take a rebound and recover the losses. On the contrary, if the selling pressure continues to dominate and the sellers drive the price below the recent support of $0.0000084 it may widen the losses and the crypto may suffer again. What’s Next For Pepe? Recently, the broader market's bearish trend has triggered a selloff in the market. Pepe, the third-largest memecoin, experienced a drop of 26% over the last five sessions. Despite this, on-chain metrics show a rise in daily and weekly active addresses, indicating high user engagement. Furthermore, the daily chart reveals a sharp selloff, with Pepe breaking below the 20 and 50-day EMAs, suggesting short-term weakness. Still the price was maintained above the 200-day EMA, indicating long-term support. Key support levels are at the 200-day EMA and $0.0000084. If bulls hold these levels, a rebound is possible. otherwise, further losses may occur.
CRYPTO:PEPEUSD
by Ritika_TCR
TATA STEEL TAKING A DIP TO ITS DEMAND ZONEDetailed Analysis of Tata Steel Chart Sector: Steel Signal: BUY Logic below: TECHNICAL VIEW - The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level. Volume: 40.165M | Average Volume: 26.832M The recent trading volume is significantly higher than the average volume, indicating increased investor activity. The presence of large red volume bars suggests higher selling pressure recently. Relative Strength Index (RSI): 44.37 The RSI is below the neutral 50 level but above the oversold threshold of 30, suggesting that the stock is neither overbought nor oversold but is leaning towards a potential buying opportunity if it dips further. Moving Average Convergence Divergence (MACD) - MACD Line: 0.71 - Signal Line: 0.65 - Histogram: 0.08 The MACD is positive, but the histogram shows diminishing momentum. This could indicate a potential bearish crossover if the MACD line crosses below the signal line. Key Levels Support Levels 1. Immediate Support: ₹171.53 (50-day EMA) 2. Next Support: ₹170-168.80 (highlighted zone) 3. Strong Support: ₹150.69 (100-day EMA) Resistance Levels 1. Next Resistance: ₹177.25 2. Strong Resistance: ₹183 (supply zone) Buy Recommendation Based on the current technical setup, buying Tata Steel near the current price level of ₹171.80 can be considered if it holds above the 50-day EMA of ₹171.53. The RSI and MACD suggest some caution is warranted, so a slightly lower entry point could be more favourable. Suggested Buy Level Buy Level: ₹170 - ₹168.75 (ensure the price holds above the 21 EMA) Stop Loss (SL) Stop Loss: ₹166 (just below the highlighted support zone) Target Levels 1. Target 1: ₹177.25 2. Target 2: ₹183 3. Target 3: ₹195 (Fibonacci level) Conclusion Tata Steel is currently near a critical support level around its 50-day EMA. If the price holds above this level, it could provide a good buying opportunity with a favourable risk-reward ratio. Monitoring the volume, RSI, and MACD for any further bearish signals is crucial before entering a trade. Summary Buy Level: ₹170 - ₹168.75 Stop Loss: ₹166 Target Levels: ₹177.25, ₹183, ₹195
NSE:TATASTEELLong
by rohix
Fantom Gains Momentum with $15 Million Influx: Buy or Wait?Fantom Gains Momentum with $15 Million Influx: Buy or Wait? The Open Interest has surged by 15% a day indicating improved investors confidence. Despite a bounce back in the price, the price placed below the 200 day EMA adds a risk of a selloff. Fantom price overpowered the recent selling pressure and made a strong recovery above the 20 day exponential moving average. Earlier, The price resumed its way towards the recovery after taking a rebound from the $0.40 support. However, Fantom has to go a long way to recover the earlier losses. The current market scenario highlights a preluding correction phase with the price suffering since Mid March on a broader outlook. Furthermore, on-chain metrics, Open interest data reveals the strengthening of the buyers near the demand. The increased presence of the buyers may push the price higher to mark an end to the correction phase. Fantom is an open-source, decentralized platform designed for smart contracts, DApps, and digital assets, offering an alternative to Ethereum. Its primary aim is to address the limitations of earlier blockchains by balancing scalability, security, and decentralization. $15 Million Inflow Re-establishes Bulls Presence Fantom Price has been on the rise in the recent sessions after taking a strong bounce from the $0.40 level. As of now, FTM was hovering close to $0.53 rising 13% a week. Recently, FTM price suffered rejection from the 20 day EMA however a significant rise in the Open interest helped FTM overcome the losses and resume its recovery. The Open Interest contracts have observed a rise of nearly 15% a day as reported by an on-chain analytics website app.santiment.net. The OI data have surged from $94 Million a to $108 Million establishing the buyers presence at the lower levels. Furthermore, the transaction volume has surged by nearly 8% a day to $116.49 Million. The volume to market cap ratio at 7.90% suggests mild volatility in the crypto. Fantom ranks 60th in the cryptoverse with a live market capitalization of $1.48 Billion. Can Fantom Break Out Of Correction? The daily chart highlights the formation of a falling wedge pattern suggesting an ongoing correction phase. Fantom price has been in a correction phase since mid March and has declined over 30% since then. The recent sessions have observed a bounce back from the lower boundary of the falling wedge pattern. Fantome price bounced back from the $0.4 demand zone and has surpassed the 20 day EMA indicating buyers presence. However, the bulls need to overcome more hurdles in order to regain control over the trend and a bullish reversal. On the higher side, the 200 day EMA and $0.64 level may act as a strong hurdle. Now, if the price records a sustained growth above the $0.64 level, it may validate a bullish reversal and end of a correction phase. whereas, if the selling pressure exceeds, FTM may again suffer towards the $0.40 and lower. Fantom: Should You Buy Now Or Wait? Fantom price has risen 13% in a week, bouncing from $0.40 to around $0.53. Despite a recent rejection from the 20-day EMA, a 15% increase in Open Interest (from $94M to $108M) and an 8% daily rise in transaction volume ($116.49M) indicate strong buyer presence. Furthermore, The daily chart showcases a falling wedge pattern, suggesting a correction phase since mid-March. A sustained rise above $0.64 could signal a bullish reversal, while failure to do so might lead to a drop back to $0.40 or lower levels.
CRYPTO:FTMUSDLong
by Ritika_TCR
Worldcoin Price At A Crucial Level: Breakout Or Breakdown Ahead?Worldcoin Price At A Crucial Level: Breakout Or Breakdown Ahead? Worldcoin price suffered rejection from the 50 day EMA and slumped lower erasing the recent gains. Despite the recent drop in the price Worldcoins still boasts a cumulative weekly gain of nearly 43%. The drop in the 24 Hour active addresses in the last couple of sessions highlights a facing user engagement. Worldcoin's recent bounce seemed to be taking a pause after suffering from the 50 day Exponential moving average. At the time of writing Worldcoin was hovering close to $2.59 losing nearly 12% in the last two sessions. Despite the recent drop in the price, Worldcoin boasts a weekly gain of nearly 44%. WLD price hovers at a crucial zone from where bulls and bears both have equal opportunity to dominate the trend. However, the price hovers below the 200 day EMA suggesting a bearish trend prevailing in the long term. The Worldcoin system centers on World ID, a global identity network that preserves privacy. World ID allows users to verify their humanness online ("Proof of Personhood") while safeguarding their privacy with zero-knowledge proofs. Currently, it has a live market capitalization of $731.92 million. User Engagement In Worldcoin Dropped The recent surge helped worldcoin erase its recent losses. The WLD price now hovers merely 8% lower than the monthly highs. Despite the recent surge, the bulls do not look confident for a bullish reversal as the price still maintains a bearish long term outlook which adds the risk of a selloff. Moreover, As per the data obtained from an on-chain analytics website app.santiment.net there has been a drop in the 24 hour active addresses in the last couple of sessions. The active addresses reflect the unique number of users that have taken part in a transaction. The 24 hour active addresses have dropped from 880 to 450 suggesting a nearly 50% drop. The decreasing number of active addresses points to fading user engagement. Worldcoin Price Nearing Fibonacci Golden Zone The WLD/USD chart highlights a bounce back from the recent demand zone of $1.63. However, the long term bearish trend adds a risk of another selloff at the higher levels. WLD price has surpassed the 20 day EMA and currently seems to be struggling near the 50 day EMA. While connecting Fibonacci from swing high at $5.13 to swing low at $1.65, the golden zone of Fibonacci appears between $3.3 to $3.8. Currently, WLD price seems to be hovering near the 0.38 level of Fibonacci. Now, on the higher side, if the bulls are able to surpass the $3.8 level it may validate a bullish reversal and the price may rise towards the $5 level. Whereas, if the price suffers rejection near the $3.5 level, it may slump towards the $1.6 level indicating a bearish continuation. What’s Next For Worldcoin? Worldcoin price seemed to be taking a pause near the 50 day EMA after a 44% weekly gain. The price currently hovers below the 200-day EMA, indicating a long-term bearish trend. Active addresses dropped by 50%, suggesting lower user engagement. Recently, WLD price took a rebound $1.63 however seemed to be struggling near the 50-day EMA. Now, If it surpasses $3.8, a bullish reversal towards the $5 is possible. otherwise, it may fall to $1.6. The Fibonacci golden zone is between $3.3 and $3.8, with the current price near the 0.38 level.
BINANCE:WLDUSD
by Ritika_TCR