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RELIANCE Support and Resistance As of today, for intraday trading in Reliance Industries (RELIANCE), here are the approximate support and resistance levels based on technical analysis: Intraday Support Levels: S1 (First Support): ₹1,220 S2 (Second Support): ₹1,210 S3 (Third Support): ₹1,200 Intraday Resistance Levels: R1 (First Resistance): ₹1,230 R2 (Second Resistance): ₹1,240 R3 (Third Resistance): ₹1,250 Notes: These levels are calculated using pivot points, Fibonacci retracements, and other common technical indicators. Intraday traders should also consider the stock's volatility, volume, and momentum indicators for confirmation. Always set a stop-loss to manage risk effectively.
NSE:RELIANCELong
by EmpireCrown
Ethereum (ETH) Chart Analysis ### Chart Overview: This **Ethereum (ETH) chart price action** on a 1-hour timeframe with Heikin Ashi candles. Various indicators, such as volume, MACD, RSI, and custom elements like support, resistance, and divergence patterns, are used to enhance the analysis. The chart highlights a **double-bottom pattern**, volume trends, and bullish divergence. ### Key Chart Features and Pattern Observation: 1. **Double Bottom Pattern**: - The chart identifies two significant "bottoms" (marked as Bottom 1 and Bottom 2) at support levels. - This is a bullish reversal pattern, suggesting potential upward momentum. 2. **Support and Resistance**: - Key support levels are visible at **$3,501.00** and **$3,516.00**. - Resistance levels include **$4,018.50** and the target price at **$4,096.00**. 3. **Heikin Ashi Candles**: - The current candles show a bullish trend with consecutive green candles following Bottom 2. 4. **ATR Trailing Stops**: - Suggestive of a breakout above previous consolidation, supported by bullish momentum. ### Indicator Analysis: 1. **Volume**: - Volume spiked significantly near Bottom 1, indicating strong buying activity at lower levels. - Gradual increase in green volume bars signals growing bullish interest. 2. **MACD**: - The MACD line has crossed above the signal line (bullish crossover) near Bottom 2. - Histogram bars transitioning from negative to positive territory confirm increasing bullish momentum. 3. **RSI**: - RSI shows a **bullish divergence** near Bottom 2, with price creating a lower low while RSI forms a higher low. - The RSI value at 77.89 suggests the asset is entering overbought territory, signaling caution for new entries. ### Key Levels or Price Levels: - **Support Levels**: - $3,501.00 (strong support). - $3,516.00 (intermediate support). - **Resistance Levels**: - $3,748.15 (intermediate resistance). - $4,018.50 (major resistance). - $4,096.00 (target level). ### Overall Summary: The chart displays a bullish reversal setup with the double bottom pattern, confirmed by increasing volume and positive momentum in the MACD and RSI indicators. Price action above the resistance zone indicates a potential continuation toward the target level. However, the RSI nearing overbought territory suggests monitoring for potential pullbacks. ### Recommendation or Trading Strategy: 1. **For Long Positions**: - Enter above $3,748.15 with a target at $4,018.50 and $4,096.00. - Place a stop-loss below $3,516.00 to protect against downside risk. 2. **For Short Positions** (if price fails to sustain above resistance): - Consider entering near $4,018.50 with a target back to $3,748.15 or lower. - Tight stop-loss above $4,096.00 to limit losses. 3. **Additional Notes**: - Monitor volume for confirmation of breakout or reversal. - Consider partial profit booking as the price approaches $4,018.50. ### Conclusion: Ethereum shows strong bullish momentum with the double bottom pattern, bullish divergence, and positive indicator confirmations. While the trend favors further upside, overbought RSI conditions caution against overextending positions. Traders should align entries and exit with key levels while managing risk through disciplined stop-loss placement.
COINBASE:ETHUSD
by ramumaurya
Nifty 50 Index Chart Analysis ### Detailed Chart Analysis for Nifty 50 (15-Minute Timeframe): #### **1. Chart Overview** This chart **Nifty 50 Index** on a **15-minute timeframe**, using **Heikin-Ashi candlesticks** for smoother trend visualization. Key technical indicators included are **Volume**, **MACD**, and **RSI**, alongside support and resistance levels marked in purple and blue lines. --- #### **2. Observations** ##### **A. Price Action and Trend** - **Uptrend:** The chart begins with a bullish trend, evident from consecutive green Heikin-Ashi candles with minimal lower wicks. - **Reversal and Consolidation:** - After reaching the **resistance level at 24,857.75**, the price encounters selling pressure and reverses into a downtrend. - Consolidation is visible around the support level at **24,580.05** with indecisive candles (small bodies and wicks). ##### **B. Key Levels** 1. **Resistance**: - The purple line at **24,857.75** marks the key resistance, where the price struggles to sustain upward momentum. - Multiple bearish signals emerge as the price approaches this level. 2. **Support**: - The blue line at **24,580.05** acts as the immediate support, preventing further decline in price for now. - A break below this level could lead to further bearish movement towards the lower support at **24,295.55**. ##### **C. Volume Analysis** - **Volume Trends**: - During the initial uptrend, there is a rise in green volume bars, reflecting strong buying momentum. - During the subsequent downtrend and consolidation phase, volume diminishes, suggesting a lack of conviction from either buyers or sellers. ##### **D. MACD (Moving Average Convergence Divergence)** - **Bearish Divergence**: - The MACD indicates a bearish divergence: while the price forms higher highs, the MACD forms lower highs. This is an early warning of weakening bullish momentum. - **MACD Line Crossover**: - After the divergence, the MACD line crosses below the signal line, confirming a shift in momentum to the bearish territory. - MACD values continue to decline during the downtrend. ##### **E. RSI (Relative Strength Index)** - **Bearish Momentum**: - The RSI drops below 50 during the reversal, signaling the start of bearish momentum. - RSI moves close to the **oversold zone (below 30)** during the downtrend, indicating increased selling pressure. - A minor recovery is observed as the RSI approaches **36.41**, indicating weak buying interest in the consolidation zone. #### **3. Key Events** 1. **Bearish Reversal at Resistance**: - Price reverses sharply after testing the resistance at **24,857.75**, confirmed by bearish divergence in the MACD and declining RSI. - This provided an opportunity for traders to initiate short positions. 2. **Consolidation Near Support**: - Around **24,580.05**, price action consolidates with declining volume, signaling indecision between buyers and sellers. - A break above this level could indicate a recovery, while a break below may trigger further downside. 3. **Volatility and Trends**: - Volatility was higher during the reversal phase, as seen in long-bodied candles and larger MACD movements. - Reduced volatility during consolidation reflects a temporary equilibrium in market forces. #### **4. Trading Insights** 1. **Short Trades**: - The bearish divergence in MACD and RSI decline below 50 were strong signals for initiating short trades around the resistance zone (**24,857.75**). - Traders could target the immediate support level at **24,580.05** or the lower level at **24,295.55** for profits. 2. **Support Breakout Strategy**: - If the price breaks below **24,580.05** with volume confirmation, traders could consider further short positions targeting the next support. 3. **Recovery Signals**: - For a bullish recovery, watch for the RSI moving above 50 and the MACD line crossing above the signal line. A price breakout above **24,857.75** would confirm a potential uptrend. #### **5. Conclusion** The chart highlights a **bearish reversal** from resistance, with clear confirmation from MACD and RSI indicators. Consolidation near support suggests traders should monitor for a breakout in either direction. The marked levels (**24,857.75**, **24,580.05**, and **24,295.55**) serve as crucial zones for planning future trades.
NSE:NIFTY
by ramumaurya
Finolex could not sustain the breakout, whats next?Failed breakout means buyers trapped. It tried to bounce back but failed again. The stock may soon touch 245 levels. Observations from the Chart: * Downward Trend: The overall trend of the stock appears to be downward, as indicated by the descending channel formation. * Failed Breakout: The stock attempted to break above the resistance level but failed, leading to a bearish candle. This suggests a lack of buying pressure and a potential continuation of the downtrend. * EMA Crossovers: The 10-day EMA has crossed below the 20-day EMA, which is another bearish signal. This indicates that short-term momentum is weaker than the long-term trend. Potential Scenarios: * Continuation of Downtrend: If the selling pressure persists, the stock may continue its downward movement and test the lower boundary of the channel or even the 245 level as mentioned. * Consolidation: There's a possibility that the stock may consolidate within the channel for some time before making a decisive move. This consolidation phase could be characterized by sideways price action or small fluctuations within the channel. * Potential Reversal: While unlikely given the current technical indicators, a reversal could occur if strong buying pressure emerges and the stock breaks above the resistance level. However, this scenario is less probable at the moment. Recommendations: Given the current technical outlook, it's advisable to adopt a cautious approach towards this stock. Consider the following: * Avoid Buying: It's not recommended to initiate new long positions in this stock at the moment. * Existing Positions: If you already hold a long position, consider tightening your stop-loss to protect your capital. * Short-Term Traders: Short-term traders could consider short-selling opportunities if the stock breaks below the lower channel boundary or the 245 level. However, this should be done with proper risk management. Disclaimer: This analysis is based on the provided chart and technical indicators. It's important to conduct thorough research and consider additional factors before making any investment decisions. Technical analysis is not foolproof, and market conditions can change rapidly. Always consult with a financial advisor to get personalized advice.
NSE:FINPIPE
by Stock_market_signals
Gold (XAU/USD) – Strong Support at 2735Overview: Gold (XAU/USD) is currently facing a critical support zone at 2735. Recently, price action has repeatedly tested this level, only to be rejected, highlighting the strength of this support. The inability of gold to break below this level creates a potential opportunity for a buying strategy, particularly if confirmed by price patterns. Market Structure Analysis Key Support Level at 2735: The 2735 level has proven to be a substantial technical support zone, with price retesting it multiple times without a clear breakdown. This suggests strong buying interest at this level, making it an attractive zone to consider buy positions if favorable price action appears. Market Momentum: Given the global economic uncertainties and weakened growth expectations from major economies, gold continues to hold its position as a safe-haven asset. Therefore, the 2735 support level holds significance not only technically but also psychologically, as it represents a key point of interest for market participants. Short-Term Trend: In the recent price action, gold seems to be oscillating around the 2735 level, indicating potential accumulation before a decisive breakout. This scenario makes a buying strategy around the support zone practical if confirmed by reversal candlestick patterns or technical indicators. Suggested Trading Strategy Entry Point: Wait for a reversal candlestick pattern (such as a Pin Bar or Bullish Engulfing) or a clear technical signal around the 2735 zone. Waiting for pattern confirmation helps manage risks effectively. Stop Loss: Place a stop loss just below the 2735 level, ideally 20-30 pips below this support, to protect capital in case of a breakdown. Take Profit: Potential resistance levels for profit-taking include 2760 and 2785, as these zones might attract selling pressure if gold sees a strong bounce from the support level. Additional Analysis: Fundamental Factors to Watch In addition to technical analysis, fundamental factors are crucial for trading gold. Key factors include: Monetary Policy: Interest rate decisions from major central banks, especially the Fed, significantly impact gold prices. Lower interest rates generally favor gold. Geopolitical Tensions: Rising geopolitical tensions often drive demand for gold as a safe-haven asset, which could support a rebound from the 2735 zone. Economic Data: Monitoring key economic indicators, such as inflation and GDP growth, can provide insights into investor sentiment toward gold. Conclusion With the strong support zone at 2735 providing a solid foundation, a buy strategy with confirmation signals could yield favorable returns. However, traders should remain cautious of a potential breakdown below support and adhere to disciplined risk management. This analysis aims to provide a comprehensive view to help traders make informed decisions and capitalize on gold’s trend in the near term. Wishing everyone success in trading, and I deeply appreciate the valuable feedback from the community! OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD
FOREXCOM:XAUUSDLong
by Trading_Zone_3773
WALMART: Bearish: Overbought alert: Impact on Dow JonesWALMART: Bearish: Overbought alert: Impact on Dow Jones Be careful with Walmart as you can see cocoa and st microelectronic also rose to very very high historical levels and look at the correction that we had immediately after at least 40% drop This action can have a significant impact on the Dow Jones A strong correction could lower the DJIA index I alert you on this I alert you especially on the notion of "stock market cycle" and "seasonality" Walmart is overbought you just have to look at your technical indicators RSI, ROC, Stochastic, exponential moving average, Ichimoku, Fibonacci retracement. We could go much much lower so be careful this action is overbought Monitor your above-mentioned indicators.
NASDAQ:SMCIShort
by Le-Loup-de-Zurich
Head and SHoulder visible on Weekly Time Frame### Key Patterns 1. **Inverse Head and Shoulders Pattern**: - **Left Shoulder**: Formed around late 2017. - **Head**: Formed around early 2020. - **Right Shoulder**: Formed around early 2023. - This is a bullish reversal pattern suggesting a potential upward movement. 2. **Neckline**: - The horizontal line connecting the peaks of the shoulders and the head, which has been broken recently indicating a potential upward breakout. ### Indicators 1. **Volume**: - A spike in volume can be seen around the time of the breakout, which adds credibility to the breakout. 2. **RSI (Relative Strength Index)**: - The RSI divergence indicator below the main chart shows bullish signals at various points where the stock was oversold (RSI near 30) and has moved upwards. - Current RSI is around 54.61, which is in the neutral zone, suggesting there is still room for upward movement before becoming overbought. ### Trendlines - An upward sloping trendline is drawn from the bottom of the head to the recent price action, indicating an ongoing uptrend. ### Price Levels - **Current Price**: 127.25 INR - **Support Levels**: Around the neckline level (~95.00 INR) and previous low points. - **Resistance Levels**: Previous peaks and psychological levels such as 168 INR, 200 INR, etc. ### Analysis Summary - **Bullish Signal**: The inverse head and shoulders pattern, a recent breakout above the neckline, and the confirmation with increased volume are strong bullish signals. - **RSI**: The RSI is in the neutral zone, allowing for potential further upward movement. - **Trendline**: The upward trendline suggests continued bullish momentum. ### Trading Strategy - **Entry Point**: Consider entering around the current price level (127.25 INR) or wait for a slight pullback to the neckline (~95.00 INR) for a safer entry. - **Stop Loss**: Place a stop loss slightly below the neckline (~90-95 INR) to manage risk. - **Target Price**: Look for resistance levels as potential target points, starting with 150 INR and moving upwards. This chart indicates a positive outlook for Autoline Industries, given the technical patterns and indicators. However, it is important to consider overall market conditions and other fundamental factors before making any trading decisions.
NSE:AUTOINDLong
by brijmohan_h
Hindustan Motors: Small Cap Stock AnalysisHindustan Motors Limited (Hindustan Motors) Market Cap: ₹737 crore Current Market Price (CMP): ₹35.35 52-Week High/Low: ₹48.60 / ₹12.65 Average PE Ratio: 28.98 Technical Analysis: Daily Frame: The stock is crossing below its middle Bollinger Band, indicating a potential slight correction. Support Levels: The stock may find support in the ₹25-₹30 range. Overbought Zone: Currently, the stock is almost in an overbought zone. Opportunity: A small correction could present a buying opportunity. Watchlist Recommendation Considering the technical indicators and current market position, Hindustan Motors can be added to your watchlist for potential investment opportunities following a correction. Disclaimer The above analysis is based on historical data and technical indicators. It is important to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and all investments carry risk. #HindustanMotors #SmallCapStocks #StockMarket #TechnicalAnalysis #Investing #Finance #MarketCorrection #Watchlist
NSE:HINDMOTORSLong
by RSIBBTRADER
31ST MAY GOLD ANALYSISTo analyze the gold price scenario where it corrects before rising to target levels of $2,357 to $2,362, where a selling strategy could be implemented with a stop-loss (SL) of 5 points below the entry price, we need to consider several factors that influence gold prices. This includes technical analysis and market sentiments. Technical Analysis Trend Analysis: If gold prices are trending upwards, the correction might be a retracement in a larger bullish trend. Tools like Fibonacci retracement levels can help identify potential support levels during corrections. Resistance Levels: The specified target prices ($2,357 to $2,362) must be analyzed within the context of historical resistance levels. If these prices have previously acted as resistance, they may do so again. Volume and Momentum: Volume during the rise should be observed; increasing volume can confirm the strength behind the upward movement. Momentum indicators like the Relative Strength Index (RSI) or the MACD can provide insights into whether the gold price is overbought or oversold during these phases. Moving Averages: Using moving averages (like the 50-day or 200-day) can help smooth out price data to identify the general direction of the market trend and potential reversal points. Market Sentiments Geopolitical Events: Events like economic sanctions, elections, or military conflicts can affect market sentiment and influence gold prices. Economic Data: Releases such as inflation reports, employment data, and GDP growth can impact investor behavior towards safe-haven assets like gold. Central Bank Actions: Decisions on interest rates or comments from central bank officials can lead to market movements. Strategy Implementation Entry Point: Determining the entry point during the correction phase is crucial. It should ideally be at a significant support level where the price is expected to rebound. Stop-Loss (SL): Placing the SL at a price 5 points below the entry level is a risk management technique to minimize potential losses should the market move against your position. Take Profit (TP): Setting the selling point at $2,357 to $2,362 based on prior resistance levels allows for profit realization before potential pullbacks. Risk Management Risk/Reward Ratio: Ensure that the potential reward justifies the risk being taken. A common approach is to aim for a risk/reward ratio of at least 1:2. Position Sizing: Calculate the appropriate position size based on how much of your total capital you are willing to risk on a single trade. Conclusion Implementing this strategy requires monitoring the market closely for signs that support the hypothesis of a correction followed by a rise. Always be prepared to adjust the strategy based on new market data and economic indicators.
OANDA:XAUUSDShort
by TradingGuruTop
GNFC Best Swing Idea! 🔥Greetings traders!📈 Today, I'm thrilled to present an intriguing setup on GNFC, showcasing a positional breakout scenario complemented by volume analysis. Here's a closer look at the setup: 📈 Setup: HORIZONTAL BREAKOUT SETUP 🔍 Analysis: Extensive analysis across various timeframes confirms the breakout potential. 📊 Indicator Support: Momentum indicators are providing robust backing to the bullish momentum. 📈 Keywords: Strong volume participation, comprehensive multi-timeframe analysis, bolstered by momentum indicators. Stay tuned as GNFC gears up for potential bullish momentum! Remember to conduct your own analysis and deploy effective risk management techniques. #GNFC #VolumeAnalysis #TechnicalAnalysis #TradingView #StockMarket 🚀
NSE:GNFCLong
by Uday_Mandal
Long Position Opportunity in Hindustan Unilever for April SeriesIn the April series of Hindustan Unilever, a compelling long position opportunity presents itself, supported by both fundamental and technical analysis. *Fundamental Analysis:* Hindustan Unilever, a leading FMCG company, boasts a strong track record of revenue growth, robust brand portfolio, and resilient market presence. With a consistent focus on innovation and consumer demand, the company is well-positioned for sustained growth in the long term. *Technical Analysis:* Chart analysis reveals that Hindustan Unilever's stock price has recently experienced a corrective phase, reaching key support levels. This suggests a potential bounce-back opportunity in the upcoming April series. Additionally, indicators such as moving averages and RSI signal oversold conditions, further supporting the bullish outlook. *Trade Setup:* For traders eyeing a long position, the target and stop-loss levels are crucial for managing risk and maximizing potential returns. These levels, depicted on the accompanying charts, provide clear guidance for entry, exit, and risk management strategies. *Target and Stop-loss Levels:* - *Target:* Identified resistance levels suggest a potential upside target for the trade. - *Stop-loss:* A predefined stop-loss level is set to mitigate downside risk and protect capital in case of adverse price movements. *Conclusion:* In summary, the April series presents an attractive opportunity for a long position in Hindustan Unilever, backed by favorable fundamental dynamics and technical indicators. Traders should carefully assess the provided target and stop-loss levels to execute the trade effectively and manage risk prudently. Disclaimer: Trading involves inherent risks, and individuals should conduct their own research or consult with a financial advisor before making any investment decisions.
NSE:HINDUNILVRLong
by Sanil1912
2
DOGEUSDT at Decider Level Chances for Long are higherTechnical Analysis: 1. Backtesting within 7 days shows that there are no clear patterns in the MACD, RSI, BOLL, and KDJ indicators. 2. Backtesting within 30 days indicates a bearish MACD pattern, specifically a Death Cross. This pattern has occurred 12 times, with a signal accuracy of 25%. 3. The BOLL indicator does not show any specific pattern. 4. The RSI and KDJ indicators also do not show any clear patterns. Fundamental Analysis: 1. Dogecoin is a meme coin associated with pictures of Shiba Inu dogs and internal monologue captions. 2. The current market cap of Dogecoin is $20,214,071,052, with a total supply and circulation supply of 130,693,998,324 tokens. 3. The current price of Dogecoin is $0.13837, with a 24-hour price change of -1.93% and a 7-day price change of +60.32%. 4. The BOLL support price is $0.13837, and the BOLL resistance price is $0.14381. 5. The market sentiment index is at 83, indicating extreme greed.
Long
by nikhilbansal
THETAUSDT inverted head and shoulder pattern and bullishTechnical Analysis: - The current price of THETA is $1.4094 with a 24-hour price change of +8.74% and a 7-day price change of +16.92%. - The BOLL support price is $1.3374 and the BOLL resistance price is $1.5013. - Backtesting within the last 7 days shows a bearish MACD pattern with a death cross occurring 6 times. The accuracy of this pattern is 33.33%. - There are no specific patterns observed in RSI, BOLL, and KDJ indicators within the last 7 days. - Backtesting within the last 30 days shows no specific patterns in MACD, RSI, BOLL, and KDJ indicators. Fundamental Analysis: - Theta (THETA) is a blockchain-powered network designed for video streaming, aiming to disrupt the industry's current challenges such as centralization, poor infrastructure, and high costs. - Theta features its own native cryptocurrency token, THETA, which performs governance tasks within the network. - The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch. - Theta has notable enterprise validators like Google, Binance, Sony Europe, and Samsung, along with a Guardian network of community-run guardian nodes. - The market cap of Theta is $1,394,229,082 with a total token supply of 1,000,000,000 and a circulation supply of 1,000,000,000.
Long
by nikhilbansal
JAGRAN for Swing Trading 🚀Greetings traders! 📈 Today, I'm thrilled to present an intriguing setup on JAGRAN, showcasing a positional breakout scenario complemented by volume analysis. Here's a closer look at the setup: 📈 Setup: Positional Breakout With Volume 🔍 Analysis: Extensive analysis across various timeframes confirms the breakout potential. 📊 Indicator Support: Momentum indicators are providing robust backing to the bullish momentum. 📈 Keywords: Strong volume participation, comprehensive multi-timeframe analysis, bolstered by momentum indicators. Stay tuned as JAGRAN gears up for potential bullish momentum! Remember to conduct your own analysis and deploy effective risk management techniques. #JAGRAN #PositionalBreakout #VolumeAnalysis #TechnicalAnalysis #TradingView #StockMarket 🚀
NSE:JAGRANLong
by Uday_Mandal
The Choppiness Index: Good or Great?The Choppiness Index is a tool used in financial markets to measure the market's trendiness or choppiness. It is a crucial tool for traders to perform financial analysis and assess the stability of market conditions. Join us as we break down the Choppiness Index, offering real-world examples to help you understand how it works. We will also cover the pros and cons, giving you a comprehensive view of whether the Choppiness Index is good or great for your trading style. What Is the Choppiness Index? The Choppiness Index is a technical analysis indicator used in financial markets to measure the choppiness or lack thereof in a security's price movement. It is computed by dividing the Average True Range (ATR) by the total price range of the selected period. Developed by Australian trader E.W. Dreiss, it ranges from 0 to 100, with higher values indicating a choppy or sideways market and lower values suggesting a trending market. For example, a CI of 61.8 or higher suggests a choppy period, while a CI of 38.2 or lower may indicate a strong trend. Here are some general interpretations of the CI: 61.8 or higher: Signals a choppy market 38.2 or lower: Indicates a trending market. 38.2–61.8: Suggests a choppy or sideways market. The Choppiness Index can also provide insights into when a trend is likely to reverse, but can only be effective in that regard when used in tandem with other indicators. What Are the Pros of the Choppiness Index? Here are some pros of using the Choppiness Index: Early Detection of Market Change: Catches the early stages of a market change Breakout Opportunities: Helps traders trade based on potential breakouts rather than chance. Improved Understanding of Market Dynamics: This can help traders better understand market dynamics. Adaptability to Different Market Conditions: Can help capitalize on potential opportunities in both trending and ranging market conditions. The Choppiness Index is similar to the Average Directional Movement Index, as both are developed to gauge a trend's strength and movement direction. What are the Cons of the Choppiness Index? The Choppiness Index is a non-directional, lagging indicator that describes recent price trends. It can be helpful in all asset classes but is more suitable for higher volatility conditions. However, here are some potential drawbacks or cons associated with using the Choppiness Index that traders need to know: Not a directional indicator: [The CI cannot be used to predict future price direction. Not suitable for all markets: The CI is more suitable for higher volatility conditions, like in stock index trading. Not suitable for trend traders: Many traders focus on trading trends, so when a choppy market is present, trend traders struggle to make money. Whether the Choppiness Index is helpful, whether it is good, or great for your trading strategy depends on your individual preferences. Conclusion The Choppiness Index serves as a valuable tool, helping you gauge market trends and potential volatility. Its simplicity and effectiveness make it a good choice if you are seeking to navigate financial markets. While it may not be the ultimate solution, its contribution to decision-making and risk management is undeniable. When used in combination with other indicators, the Choppiness Index proves to be a great asset.
NSE:NIFTY
by Dhan
SKLUSDT looking bullish above breakoutSKLUSDT refers to the trading pair between SKALE Network's native token (SKL) and the stablecoin Tether (USDT) on a cryptocurrency exchange. SKALE Network is a blockchain platform that aims to provide high-performance decentralized applications (dApps) and smart contracts. The SKL token is used within the SKALE Network for various purposes such as staking, payments for network services, and governance. Trading pairs like SKLUSDT allow users to trade SKL tokens directly for USDT, providing liquidity and facilitating price discovery on exchanges that support this pair. Investors and traders can use this pair to speculate on the price of SKL relative to the stability of USDT or to hedge their positions. Technical Analysis: 1. Backtesting within the last 7 days and 30 days shows that there are no specific patterns observed in the MACD, RSI, BOLL, and KDJ indicators. This indicates a lack of clear trend or momentum signals during these periods. Fundamental Analysis: 1. SKALE (SKL) is a cryptocurrency launched in 2020 and operates on the Ethereum platform. 2. The current supply of SKL is 5,447,166,667 tokens, with 5,156,686,004 tokens in circulation. 3. The market capitalization of SKL is $419,969,192.29. 4. The current price of SKL is $0.08106, with a 24-hour price change of +1.41% and a 7-day price change of +13.1%. 5. The trading volume in the last 24 hours is $396,604.08. 6. The BOLL support price is $0.07864, and the BOLL resistance price is $0.08417. Market Sentiment: The Market Sentiment Index is at 74, indicating "Greed" sentiment. Based on the technical analysis, there are no specific patterns observed in the indicators within the last 7 days and 30 days. Therefore, it is difficult to determine a clear trend or direction for SKLUSDT. Considering the fundamental analysis, SKL has a relatively low market capitalization and trading volume. The recent price change has been positive, indicating some potential interest in the token. It is important to note that the provided data does not include specific news content. Therefore, it is recommended to gather additional news and information about SKL from reliable sources to make a more informed decision. Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; please make decisions cautiously.
Long
by nikhilbansal
NTPC- Previous high of the stock was made in 2008 which has been crossed in 2023, monthly chart shows good picture of the stock, this chart is to hold stock at least 2 to 3 years time frame, this stock can give good returns in coming weeks, so All PSUs and PSBs are also breaking thier previous highs, some of are good choices to hold for next 3 years, the stocks are :- 1. Coal India 2. PFC. 3. ONGC. 4. POWERGRID. 5. PETRONET LNG. 6. BHEL. 7. SCI. 8. CANBANK. 9. INDIANBANK. 10. BANK OF BARODA. - In fact, one can look for PSU ETF Or PSUs mutual fund, BHARAT22ETF also be good choice. - By putting MACD, RSI, volume and 20 days, 50 days and 200 days moving averages one can analyse the trend, see the chart on 4hr time frame, One day, weekly and Monthly time frame is good for trading and investment. Volume shows the interest of traders and investors. - There is lot of importance of all these indicators. Read about the importance of all these indicators on Google or invespedia, so you can also save yourself and others from making losses.
NSE:NTPCLong
by ScienceBehindTheChart
Flagggg Pattern in $VENUSPIPESChart is showing everything, what it is not showing is Targets and SLs and other indicators. I am terrible with targets so find it yourself. Now let's talk about SLs, First at 6% and next 9%, now you can Accumulate at 6 and sell at 9 or Sell at 6 or Sell at 9, it's totally upto you. Other indicators are bullish. Volume is good. And 'I' think it's enough to trade in stocks. Enjoy. Note - This is not a Financial Advice. Just a prediction done by me. So always do your own research before trading.
NSE:VENUSPIPESLong
by Hmagic
MTNL: A Technical Resurgence Unfolding Sparks Bullish Trade SenIn the world of technical analysis, Mahanagar Telephone Nigam Limited (MTNL) is currently displaying a noteworthy pattern on the monthly time frame. The charts suggest a keen reversal, offering a compelling narrative for traders seeking opportunities exclusively through technical indicators. The monthly time frame reveals a distinct shift in momentum for MTNL, showcasing a pattern indicative of a potential bullish resurgence. This reversal underscores renewed investor interest and confidence in the stock, creating an intriguing backdrop for those considering bullish trades. As traders delve into the technical aspects of MTNL, the signals from the monthly time frame become pivotal. The bullish sentiment, reflected in the reversal pattern, provides a clear indication for those who rely primarily on technical analysis for their trading decisions. It is crucial for traders to approach this opportunity with careful consideration of risk management principles. While technical indicators offer valuable insights, external factors, such as market sentiment and economic developments, should also be monitored to complement the technical analysis. As MTNL charts its course through this keen reversal on the monthly time frame, traders embracing a bullish stance should stay informed, continuously monitor market conditions, and make decisions aligned with their risk tolerance and trading strategy. Seeking advice from financial professionals or advisors can provide additional perspective tailored to individual trading goals amid this potentially promising technical setup for MTNL.
NSE:MTNLLong
by Shivam_Bhanot
CrudeOil important levels to watch !CrudeOil important levels to watch are as follows 📍 Support: 6155 📊Sell below: 6155 only on 15 minute candle closure below the level. 📉Target 1: 6100 📉Target 2: 6050 📍 Resistance: 6225 📊 Buy Above: 6225 only on 15 minute candle closure Above the level. 📈Target 1: 6290 📈Target 2: 6355 ⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. ⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like. ⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
MCX:CRUDEOIL1!
by InvestyourAsset
Nifty Live Intraday updates (Monthly Expiry)Nifty important levels to watch are as follows 📍 Support: 21580 📊Sell below: 21580 only on 15 minute candle closure below the level. 📉Target 1: 21500 📉Target 2: 21420 📍 Resistance: 21675 📊 Buy Above: 21675 only on 15 minute candle closure Above the level. 📈Target 1: 21775 📈Target 2: 21840 ⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. ⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like. ⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset