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#CrudeOil update | MCX | 5- 7th April Timeframe: 1 Hour Crude oil opened with a gap-up today, indicating bullish momentum. The price faces resistance at the 7255 level, a significant barrier observed in historical price action. Anticipation of a gap fill suggests a potential retracement to fill the void created by the gap-up opening. Support is identified between the 7150-7130 zone, where buying interest is expected to emerge. Trend Analysis: In the short term, crude oil is exhibiting bullish momentum, supported by the gap-up opening. However, the resistance at 7255 suggests a potential reversal or consolidation. Technical Indicators: Moving Averages: The 50-day and 200-day moving averages may act as dynamic support levels, reinforcing the overall bullish bias if the price remains above them. Relative Strength Index (RSI): Currently, the RSI indicates overbought conditions, suggesting a potential pullback or consolidation in the near term. Trading Strategy: Long Opportunity: Traders may consider entering long positions if the price successfully breaks above the 7255 resistance level, targeting higher price levels. Short Opportunity: Alternatively, a short position could be initiated if the price fails to sustain above the resistance level and breaks below the support zone of 7100.
MCX:CRUDEOIL1!Long
by Shalvisharma5
SWING IDEA - YES BANKYes Bank stock presents a compelling opportunity for a swing trade, supported by strong technical indicators: Reasons are listed below : Multiple tests at the 21 levels culminated in a decisive breakout. A significant marubozu candle on the weekly timeframe signals bullish momentum. The breakout was accompanied by a notable increase in trading volumes. Ongoing formation of higher highs indicates a sustained upward trend. Positive positioning, as the price is trading above both the 50 and 200-day Exponential Moving Averages (EMA), reflecting momentum strength. Target - 30 // 49 StopLoss - weekly close below 20.85 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:YESBANKLong
by Visionary_Growth_Insights
2
currently in a no trading zone, indicating a consolidation phase Current Status: GIC Housing Finance is currently in a no trading zone, indicating a period of consolidation or indecision in the market. - Multi-Year Resistance Zone: The stock faces a significant resistance zone that has been in place for multiple years. Breaking this zone could be a key bullish signal for the stock. - Consolidation Expected: Given the multi-year resistance zone, the stock is likely consolidating before attempting to break out. Consolidation often precedes significant price movements. - Volume and RSI: The rising volume along with the rising Relative Strength Index (RSI) is a positive sign. It suggests increasing buying interest and momentum in the stock, which could support a breakout from the resistance zone. - Technical Outlook: - Supportive Indicators: - The stock is currently consolidating, which is a bullish sign after a strong upward move. - Rising volume suggests increasing participation and interest in the stock. - Rising RSI indicates strengthening bullish momentum. - Resistance Breakout: - Breaking the multi-year resistance zone could signal a significant change in trend direction. - If the stock can break above this zone convincingly, it could attract further buying interest and drive the stock price higher. - Moving Averages: - It would be helpful to analyze the stock's position relative to key moving averages, such as the 50-day and 200-day EMAs, to gauge the strength of the current trend. ### Conclusion: GIC Housing Finance is currently in a consolidation phase near a multi-year resistance zone. The rising volume and RSI suggest increasing bullish momentum, which could support a breakout from the resistance zone. Traders and investors should watch for a decisive move above the resistance zone as a potential bullish signal for the stock.
NSE:GICHSGFINLong
by Marketik
2
GRAPHITE INDIA: SHORT TERM BULL RUN EXPECTED📊 Graphite India - Technical Analysis - 02/02/2024 Current Status: Closing Price: 562.10 📈 Fibonacci Level: 0.786 🌀 Yesterday's Trend: Opening Price: Fibonacci Level 0.5 🌀 Movement: Upward to 0.786 📈 Signal: Parabolic SAR - Buy 🛒 Key Points: Entry Point: 567.95 🚪 Resistance Level: If trades above 567.95 🛑 Target 1: 576.20 or 575.95 🎯 Stop Loss: 536.60 🔴 / KEY FIBONACCI LEVELS Recent Trends: Crossed 50-day MA on 30/01/2024 📈 Short-term Bull Run 🐂 Increasing Volume 📶 Indicators: Static RSI: Middle Range ↔️ MACD: Expecting Crossover 🔄 Stochastic RSI: Upper Band Strength 💪 Fisher 9: Bullish Trend 📈 Conclusion: Recommended for short-term entry in the current volatile market 🌪️📊 Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍 Hashtags: #GraphiteIndia #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
NSE:GRAPHITELong
by finogent
Stock Analysis: Apollo Micro SystemsApollo Micro Systems (CMP: ₹132.50) Market Cap: ₹3,741 Crore P/E Ratio: 169.87 | P/B Ratio: 9.57 | D/E Ratio: 0.37 Trade Recommendation: The stock has shown an upward breakout from the Bollinger Band, with major support at the middle band (₹128.99). Consider a buy below ₹128.99 for a potential favorable entry point. Technical Indicators: RSI (Relative Strength Index): 75.61 (Above upper level), indicating strong upward momentum. Note: Perform thorough research and risk analysis before making any investment decisions. Market conditions can change rapidly; stay updated with real-time data. This information is for educational purposes and not a financial recommendation. Consult with a financial advisor for personalized advice.
NSE:APOLLO
by RSIBBTRADER
🚀 Don't Miss Out: Safari Industries Hits Bullish Breakout! 📈 #📊 Safari Industries Technical Analysis 📅 Date: 31st January 2024 🔵 Closing Price: ₹2031.90 (↑ 4.6%) 🎯 Technical Indicators: Fibonacci Level: Closed above critical level (0.5) at ₹2025.75. 50-Day Moving Average: Surpassed 50-DMA at ₹2030.33. EMA & MA Crossover: Bullish signal with the red line crossing above the yellow line. Parabolic SAR: Two days of positive signals indicating a bullish direction. MACD: Positive crossover noted on 18th January 2024. RSI & %R: Positive crossover on 29th January 2024; trading high. Fisher Transform: At the upper band, indicating bullish sentiment. 🎲 Market Outlook: Short-term bullish trend expected if market opens positively on 1st February 2024. 🎯 Targets & Entry Point: Entry Point: If market opens above ₹2031.90. Target 1: ₹2072.8 (Fibonacci 0.64 level). Target 2: ₹2138.45 (Fibonacci 0.786 level). 🛑 Stop Loss: For conservative traders: ₹1881 or ₹1886.25. 🔔 Disclaimers & Disclosures: This analysis is based on historical data and does not guarantee future performance. Investors should conduct their own research or consult a financial advisor before making investment decisions. This content is for informational purposes only and should not be construed as financial advice. #SafariIndustries #StockAnalysis #TechnicalAnalysis #NSE #Investing #TradingStrategy #BullishTrend #FibonacciLevels #StockMarket
NSE:SAFARILong
by finogent
BHEL: Riding the Reversal Wave? Chart Analysis Inside!Hello traders! Today’s spotlight is on NSE:BHEL stock, which recently surged but is now flashing a reversal candle pattern. Here’s a quick rundown: Rapid Ascension: BHEL experienced a swift climb, catching the market’s attention. Reversal Indicators: A reversal candle pattern has emerged, suggesting a potential shift in the stock’s trajectory. Chart Insights: Check out the chart for my marked levels around 220 to 230 – potential key zones. Derivative Play: Derivative traders, consider exploring ITM PE options based on your research. Due Diligence: Always a reminder to conduct your research before making any trading decisions. Stay Informed: Let’s stay informed and navigate these market movements together. Your insights are valuable! See you in the next post, traders! Best regards, Alpha Trading Station
NSE:BHELShort
by AlphaTradingStation
Jupiter Wagons Limited - A very Short term spike expectedNSE:JWL - Technical Analysis Update 🚀📈 Current Price: ₹339.50 (as of Jan 5, 2024, 11:47 AM) Key Indicators: Parabolic SAR: Buy signal triggered 🟢 Moving Averages: Crossover at ₹323.20 MACD: Histogram at 1.21 (positive), MACD at 0.46, Signal at -0.76 Stochastic RSI: K at 75.55, D at 53.11 (not overbought yet) %R: -14.14, touching upper baseline Fisher Transform: -0.01 (Fisher), -0.59 (Trigger) Market Outlook: The stock shows potential for upside 📈, especially with the recent big order win. Short-term bullish trend starting, watch for the close above ₹341.20 (critical Fibonacci 0.618 level) for confirmation. Trading Targets: First Target: ₹350.90 🎯 Second Target: ₹363.20 🎯 (approx. 1.0 Fibonacci level) Caution: High volatility expected. Enter for short-term trades 🔍. High P/E ratio above 50. Short-term positions advised. Keep an eye on market opening movements for further clues. Stop Loss: ₹ 327.15 (around the key Fibonacci Levels of 0.382 - ₹ 327.40) ⛔ Conclusion: Jupiter Wagons Limited is a promising pick in the railway wagon sector. Ideal for short-term traders looking for growth opportunities. Stay alert and trade wisely! 🌟🛤️ Disclaimer: General Information Only: This analysis is provided as general market commentary and does not constitute investment advice. It is provided for the information purpose only. Not a Recommendation: The information provided does not take into account your individual investment objectives, financial situation, or specific needs. It should not be relied upon as a recommendation or an offer to buy/sell or as a solicitation of an offer to buy/sell any security or financial instrument. Accuracy and Completeness: While care has been taken in gathering the data and preparing the analysis, there is no guarantee of its accuracy or completeness. Market Risks: Investing in the stock market involves risks, including the potential loss of principal. The value of investments and the income from them can fall as well as rise. Past Performance: Past performance is not indicative of future results. Personal Responsibility: Investors are advised to conduct their own independent research into individual stocks before making a purchase decision. It is important to be aware of the risks involved in stock trading. Professional Advice: Consult a qualified financial advisor before making any investment decisions. No Liability: The author of this analysis assumes no responsibility for any losses or damages resulting from decisions made based on the information provided. Regulatory Compliance: This post does not guarantee that the analysis adheres to all regulatory requirements in different jurisdictions. Conflict of Interest Disclosure: The author declares no financial interest or benefit from the direct or indirect promotion of the stock mentioned.
NSE:JWLLong
by finogent
SOUTHBANK -Seizing MomentumChart Analysis: The banking stock in focus has been on a solid uptrend, showcasing consistent strength in recent sessions. After a healthy retracement, the stock has now initiated a new momentum move, providing an enticing entry point for traders seeking short-term opportunities. Technical Indicators: Uptrend Confirmation: The stock's established uptrend is a positive signal, indicating strong investor confidence and potential for further upside. Retracement Pattern: The recent retracement allowed the stock to cool off, providing a healthier foundation for the next leg up. Today's Momentum: The initiation of today's momentum is a key indicator, suggesting a potential continuation of the uptrend. Note: Always conduct your own research and due diligence before making any trading decisions. Short-term trading involves risks, and it's important to have a clear strategy in place.
NSE:SOUTHBANKLong
by TTS007
Fantastic Pre-Breakout Trade Opportunity-DHANBANKThe stock has displayed a strong upward trend, showcasing an impressive run before entering a consolidation phase lasting approximately 3 months. Throughout this period, the 50-day Simple Moving Average (SMA) has acted as a robust support level, indicating a solid foundation for potential bullish momentum. Despite two unsuccessful attempts to break out during the consolidation, the stock has remained resilient and is once again gearing up for another breakout attempt. The repeated testing of resistance suggests increasing pressure, and a successful breakout could signal a renewed bullish trend. Technical Indicators: 1.50-day SMA Support: The consistent support provided by the 50-day SMA indicates a strong base for the stock, enhancing the probability of a successful breakout. 2.Repeated Breakout Attempts: The stock's resilience in attempting to break out multiple times signals a building momentum, potentially leading to a breakthrough. 3.Volume Analysis: Observe increasing or sustained volume during breakout attempts, as this can validate the strength of the potential upward move.
NSE:DHANBANKLong
by TTS007
SOUTHBANK- Seizing MomentumChart Analysis: The banking stock in focus has been on a solid uptrend, showcasing consistent strength in recent sessions. After a healthy retracement, the stock has now initiated a new momentum move, providing an enticing entry point for traders seeking short-term opportunities. Technical Indicators: Uptrend Confirmation: The stock's established uptrend is a positive signal, indicating strong investor confidence and potential for further upside. Retracement Pattern: The recent retracement allowed the stock to cool off, providing a healthier foundation for the next leg up. Today's Momentum: The initiation of today's momentum is a key indicator, suggesting a potential continuation of the uptrend. Always conduct your own research and due diligence before making any trading decisions. Short-term trading involves risks, and it's important to have a clear strategy in place.
NSE:SOUTHBANKLong
by TTS007
Daily chart of Astral India Ltd#AstralLtd Analysis: 📊 Daily Frame: CMP: ₹1841.15 | Market Cap: ₹49,458 Cr PE Ratio: 89.99 | Dividend Yield: 0.19 📈 Market Trend: Since May 2023, stock consolidating. Demand zone: 1771.30 - 1819.95 | Supply zone: 2018.25 - 2058.50. Uptrend possibility on breaking 2058.50. 📉 Technical Indicators: RSI: 36.86 (Oversold, heading towards 30). Major demand at 1771.30 - 1819.95. 🚨 Disclaimer: This is not financial advice. Investors should conduct own research. #AstralLtd #StockAnalysis #MarketTrends
NSE:ASTRAL
by RSIBBTRADER
Weekly Chart of Life Insurance Corporation Ltd#LIC Weekly Update: CMP: ₹844.40 | Market Cap: ₹534,082 Cr 52W High: ₹864 | 52W Low: ₹530.05 PE Ratio: 14.35 | Dividend Yield: 0.36 Technical Indicators: Breakout from upper Bollinger Band. RSI in overbought zone (80.46). Possible correction to support levels: ₹745.45 - ₹764.70. Near 52W high. Above Kumo clouds in Ichimoku, bullish crossover of conversion line over base line. Educational Purpose Only. Disclaimer: Stock market involves risks. Consult a financial advisor. Past performance doesn't guarantee future results. #LIC #StockMarket #EducationalPurpose
NSE:LICI
by RSIBBTRADER
Stock of the Week: SUNDARMHLD - A Bullish Opportunity Unfolding.Weekly Time Frame: On the weekly chart, SUNDARMHLD is displaying strong bullish signals. The stock is currently undergoing a retest, which often signifies a robust support level. What's particularly noteworthy is the formation of a rounding structure, indicating a potential reversal or continuation of the current uptrend. This structure has the potential to set the stage for a sustained upward move. Daily Time Frame: Zooming in on the daily chart, we observe a breakout from the rounding structure mentioned earlier. This breakout not only validates the strength of the bullish trend but also provides an excellent entry point for traders. The gradual consolidation and accumulation over the past few days indicate a healthy and controlled price action, allowing for strategic entry positions. Key Technical Indicators: Higher Highs and Lower Lows: SUNDARMHLD is consistently establishing higher highs and lower lows, a classic sign of a healthy and sustainable uptrend. This pattern suggests a strong buying interest and potential for further price appreciation. Risk Management: As with any trade, it's essential to implement a robust risk management strategy. Consider setting stop-loss orders to protect your capital and adhere to sound risk-reward ratios. Additionally, stay informed about relevant news and market developments that may impact the stock's performance. In conclusion, SUNDARMHLD is shaping up to be an exciting opportunity for traders seeking a bullish play. Keep a close eye on the stock's price action, and may the markets favor your trades! Happy trading! 📈💰 (Note: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions.)
NSE:SUNDARMHLDLong
by TTS007
PRECWIRE: Riding the Uptrend Wave - Second Breakout Opportunity!Chart Analysis: PRECWIRE has been exhibiting a strong and steady uptrend, marked by a series of higher highs and higher lows. The stock has been resilient, supporting key Simple Moving Averages (SMAs) even during the last market correction, showcasing its inherent strength. Technical Indicators: The stock is currently above its 50-day and 200-day SMAs, indicating a positive trend. The sustained support of SMAs during the recent market correction suggests a robust underlying structure. Today's movement has triggered a second breakout from the same base, potentially signaling a continuation of the bullish momentum. Rationale: PRECWIRE's ability to weather the market correction and generate a second breakout from the same base suggests that the underlying demand remains strong. This could present an attractive swing trading opportunity for traders looking to capitalize on the continuation of the established uptrend. Conclusion: PRECWIRE appears to be in a favorable position for a swing trade, supported by its resilient uptrend and the recent breakout. Exercise prudent risk management and stay informed about any developments that could affect the stock. Happy trading!
NSE:PRECWIRELong
by TTS007
XAU/USD: Charting the Bullish Path - Support Levels And More..Technical Analysis: Price: XAU/USD is currently trading at 2038, hovering near the strong support zone of 2033-2034. This level has consistently held up against downward pressure, indicating potential bullish bias. Indicators: RSI: 45.75 (neutral zone), showing a slight uptick from recent lows, potentially suggesting a shift towards bullish momentum. Stochastic Oscillator: 38.88 (oversold zone), indicating potential for a price rebound MACD: Histogram turning positive, suggesting a potential bullish crossover soon. Fibonacci Levels: The 50% retracement level (2032-34) and the 61.8% retracement level (2029-28) act as immediate support levels. • Entry & Stop-Loss: Entry: Considering the bullish technical and fundamental outlook, a potential entry point could be around the current price of 2032-33 aiming for the initial upside targets of 2040-2042. Stop-loss: A stop-loss order could be placed slightly below the strong support zone at 2030 to limit potential losses in case of a bearish reversal. Adjust your entry and stop-loss levels based on market volatility and risk tolerance.
OANDA:XAUUSDLong
by ManojBakale
Bitcoin price could scrap $40,000 before a bigger dipBTC Target: Bitcoin (BTC) aims for $40,000, driven by a rising RSI at 68, signaling further upward potential. Bullish Indicators: The Awesome Oscillator (AO) supports bulls, displaying green bars amid positive momentum. Current Price: BTC stands at $39,462, with the potential to surpass $39,778 before hitting the $40,000 mark. Mid-September Surge: BTC has surged by 60% since mid-September, in line with the bullish trend often observed in Q4. Buying Opportunity: A potential dip to $37,500 could provide a buying opportunity for late investors. Support Levels: Strong support is identified between $42,556 to $67,413, emphasizing potential upward movements. Warning Signal: The bullish thesis would be invalidated if BTC breaks and closes below the $37,500 resistance level.
Long
by tradewith_ritik
RESTAURANT BRANDS ASIA LTD, BURGER KING (ACCUMULATE)Sector: Hospitality/ Industry: Restaurants Market Cap: 5,619.06/- Cr. / Category: Small Cap Current Price: 113/- Target Price: 137,165,190/- Stop loss: 84.5 Ticker: NSE: RBA Recommendation: BUY (Buy Around 94 - 91) Date: 30/11/2023 Elliott Wave Theory Outlook –Restaurant Brands Asia ltd, Buying the Dips around 94 – 91 zone. (Ending Diagonal completed) Hello traders. In this technical research report we’re going to take a quick look at the Elliott wave chart of RBA ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favoring the long side. Recently we are in corrective structure in a higher time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock is giving us wave (b)) pull back that is unfolding as a Zigzag pattern in a smaller time frame. The price might reach extreme zone at 94 – 91, We don’t recommend selling the stock and prefer the long side from the 50 & 61.8% Fib levels. As the Intermediated trend is bullish, we expect to see at least 3 waves bounce from our buying zone. Once bounce reaches 61.8% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 84.5 level. Momentum & Trend Indicators: Relative Strength Index 41.49 Neutral Rate of Change -1.93 Negative Stochastic %K 24.06 Neutral
NSE:RBALong
by Dino_Naidu
QUESS CORP LTD. (ACCUMULATE)Sector: Information Technology/ Industry: BPO/ITes Market Cap: 7,395.02/- Cr. / Category: Small Cap Current Price: 500.05/- Target Price: 682, 733, 938/- Stop loss: 338 Ticker: NSE: Quess Recommendation: BUY (Buy Around 400 – 389) Date: 29/11/2023 Elliott Wave Theory Outlook – Quess Corp ltd, Buying the Dips around 400 – 389 zone. Hello traders. In this technical research report we’re going to take a quick look at the Elliott wave chart of Quess Corp ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favouring the long side. Recently we are in corrective structure in a smaller time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock is giving us wave (ii)) pull back that is unfolding as a Zigzag pattern in a smaller time frame. The price might reach extreme zone at 411 – 390, We don’t recommend selling the stock and prefer the long side from the 50 & 61.8% Fib levels. As the Secondary trend is bullish, we expect to see at least 3 waves bounce from our buying zone. Once bounce reaches 61.8% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 338 level. Momentum & Trend Indicators: Indicator Value Zone Relative Strength Index 59.19 Overbought Rate of Change 7.11 Positive Stochastic %K 72.01 Neutral MACD 13.23 Positive Disclaimer: I am not a SEBI registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
NSE:QUESSLong
by Dino_Naidu
MAITHAN ALLOYS LTD (ACCUMULATE)Sector: Ferro Manganese/ Industry: Ferro & Silica Manganese Market Cap: 3,214.79 Cr. / Category: Small Cap Current Price: 1096.75/- Target Price: 1279, 1301.2/- Stop loss: 998.6 Ticker: NSE: MAITHANALL Recommendation: BUY (Buy Around 1053 – 1049) Date: 29/11/2023 Elliott Wave Theory Outlook – Maithan Alloys, Buying the Dips around 1053 – 1049 zone. November 29, 2023 By Dinesh Naidu In this technical research analysis we’re going to take a quick look at the Elliott wave chart of Maithan Alloys ltd. As our members know, the stock is showing impulsive bullish sequences that are calling for further strength. Our team recommended members to avoid selling, while keep favouring the long side. Recently we are in corrective structure in a smaller time frame. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. The stock is giving us wave (ii)) pull back that is unfolding as a Zigzag pattern in a smaller time frame. The price might reach extreme zone at 1053 - 1049. We don’t recommend selling the stock and prefer the long side from the 61.8 & 78.6% Fib levels. As the main trend is bullish, we expect to see at least 3 waves bounce from our buying zone. Once bounce reaches 61.8% Fib against the (wave 3) high, we will make long position risk free (put SL at Breakeven) and take partial profits. Invalidation for the long trades is at 998.6 Momentum & Trend Indicators: Indicator Value Zone Relative Strength Index 59.19 Neutral Rate of Change 7.11 Positive Stochastic %K 72.01 Neutral MACD 13.23 Positive Disclaimer: I am not a SEBI registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before taking any decisions. Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you or not.
NSE:MAITHANALLLong
by Dino_Naidu
Chart Analysis of Edelweiss Financial ServicesFundamental Analysis: Market Cap: ₹6695 crore Current Market Price (CMP): ₹70.95 52-Week High: ₹77.40 | 52-Week Low: ₹35.00 PE Ratio: 17.74 | PB Ratio: 1.00 (Both ratios appear average) Technical Analysis: Daily Chart: Notable spike on October 5, 2023, indicating a bulk deal with high volume. Subsequent period until November 23 had low volume. November 24, 2023, saw another bulk deal with a volume spike, showing increased price movement. Indicators: Bollinger Bands and Parabolic SAR suggest strength. Price finds support at the middle Bollinger Band, with SAR dots below the price. Weekly Basis: Broke out from consolidation pattern. Price supported by 20 EMA, but caution warranted for long term due to 200 EMA being above 50 and 100 EMAs. Strong trend requires alignment of all four EMAs (20, 50, 100, 200). Market Outlook: Bullish stance maintained. Target: ₹80 | Stop Loss: ₹63.25 Disclaimer: This analysis is for educational purposes only and does not constitute a recommendation to buy, hold, or sell. The provided information is based on personal studies, and individuals should conduct their own research or consult with financial experts before making any investment decisions. #StockAnalysis hashtag#MarketOutlook hashtag#TechnicalAnalysis
NSE:EDELWEISS
by RSIBBTRADER
4
EURUSD Breakout Predicts Massive Gains Ahead - Get Ready for a WTECHNICAL ANALYSIS PRICE ACTION : EURUSD has been trading in an upward trend since the beginning of November 2023. The recent breakout on Hourly Timeframe from a strong resistance at 1.08850 suggests that the upward trend may continue. The pair is currently closed at 1.0900 level. MOVING AVERAGES: The 50-day and 200-day moving averages are both sloping upwards, confirming the bullish trend. The 50-day moving average is currently above the 200-day moving average, which is a bullish signal. SUPPORT AND RESISTANCE: The immediate support level for EURUSD is located at 1.08900, while the immediate resistance level is located at 1.09500. A break above 1.0900 could further confirm the bullish trend. INDICATORS: The Relative Strength Index (RSI) is currently hovering around 52, indicating bullish momentum. A move above 55 would suggest even stronger bullish momentum. FUNDAMENTAL ANALYSIS ECONOMIC DATA: Recent economic data releases from the Eurozone and the United States have been mixed. The Eurozone's GDP growth rate has slowed, while the US economy has shown signs of resilience. This could lead to a divergence in monetary policy between the two regions, which could support EURUSD INTEREST RATES: The European Central Bank (ECB) is expected to continue raising interest rates to combat inflation. The Federal Reserve is also expected to raise rates, but at a slower pace than the ECB. This differential in interest rates could support EURUSD. GEOPOLITICAL FACTORS: The ongoing war in Ukraine and the associated sanctions on Russia continue to weigh on the global economy. However, these geopolitical uncertainties have not dampened the bullish sentiment for EURUSD. TRADE OPPORTUNITY Based on the Fundamental and Technical a long entry could be considered after a break above 1.0900, with a target of 1.09448 , 1.10155 respectively and a stop-loss below 1.08800 .
Long
by ManojBakale
Gold Breaks Out of Key Resistance, Signaling Potential Bullish ROverall Trend: XAUUSD is currently in a bullish trend, as indicated by the recent breakout above the 1975.00 level. The price has been supported by the EMA50, which is acting as a dynamic support level. The next major bullish targets are 2000.00 and 2009.30. Key Support and Resistance Levels: Support: 1982-1983 Resistance: 1990, 1995 , 2000 Key Factors Driving the Trend: • Slowing down of US 10-year treasury yields • Expectations of a US interest rate cut in May 2024 Technical Indicators: • EMA50: Acting as a dynamic support level • RSI: Neutral • MACD: Bullish crossover Trading Strategy: A long position could be entered with a stop-loss below the 1983 support level and a take-profit target at 1990,1995 and 2000. Alternatively, traders could wait for a pullback to the 1975.00 support level before entering a long position. Overall, the technical analysis suggests that XAUUSD is likely to continue its bullish trend in the near term. However, traders should be aware of the potential risks and manage their positions accordingly.
OANDA:XAUUSDLong
by ManojBakale