Get started

Search in ideas for "STRONG BUY"

EURUSD dip rewardThe euro currency has pulled back from just below the 1.1100 resistance level against the US dollar, creating another buying opportunity for EURUSD bulls. EURUSD dip-buyers may look to buy a technical pullback around the 1.1045 to 1.1030 technical region. Going forward, daily price closes above the 1.1070 level should be considered the next strong buying signal for the EURUSD pair. • The EURUSD pair is only bullish while trading above the 1.1070 level, key resistance is found at the 1.1100 and 1.1130 levels. • The EURUSD pair is only bearish while trading below the 1.1070 level, key support is found at the 1.1045 and 1.1020 levels.
by OctaFX_Official
BANKNIFTY for 9th OctoberLet's skip Option chain data since it shows an obvious range of 27500 - 28000. On Charts, Banknifty (BNF, actually Niftybank- cash) finished as a red base-like candle with lower low and lower high than previous candle.On a 15 min chart, one can see that BNF did not break its low made during first 15 minutes, throughout the day. In the last one hour when Nifty was breaking its initial low, BNF didn't. Why? Look at the component banks of BNF and their charts.HDFC Bank daily chart shows that it is at 50% fibonacci level; ICICI bank shows that it is at 61.8% Fibonacci level; Kotak Bank shows that it is netween 50% & 61.8% Fibonacci level. These three contribute more than 60% to BNF. BNF itself reversed on Monday from near 78.6% level. What does this tell us? Buying would surely come in these stocks when they are at their respective critical supports. And if that happens at one time, a strong buying rally is likely push BNF up. For BNF, it might happen near 27500. But since Nifty is weak, buying could face some restraint and selling might start at levels given on 15 min chart. Which in turn means that do not take the trade immediately as soon as price enters selling area. Let the momentum slow down, let it top out and then take the trade. All the best. Happy trading.
NSE:BANKNIFTYShort
by protrader1969
ZEN / BTC Price Analysis: ArisingHorizen / Bitcoin Short-term price analysis ZEN has a bullish short-term trading bias against BTC, with the ZEN / BTC pair trading well above its 200-period moving average on the four-hour time frame. The four-hour time frame is showing that the ZEN / BTC pair is gaining bullish trading momentum and attempting to correct back towards the April monthly trading high. Technical indicators are bullish on the four-hour time frame, although they are starting to appear overstretched. Pattern Watch Traders should note that an inverted head and shoulders pattern will form on the four-hour time frame if bulls move price back towards the April trading high. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it has moved into overbought territory. MACD Indicator The MACD indicator on the four-hour time frame is also bullish, although it is starting to appear overstretched. Fundamental Analysis In April, Horizen partnered with Horizen Labs which has raised 4$ million from Digital Currency Group (DCG) and Liberty City Ventures. Horizen Labs will be working with businesses to help them build their own sidechains on top of the Horizen’s public blockchain. This is likely the reason why ZEN’s price has been growing for the past several weeks. Horizen / Bitcoin Medium-term price analysis ZEN has a bullish bias against BTC over the medium-term, with the ZEN / BTC pair trading back above its 200-day moving average. The daily time frame shows a large inverted head and shoulders pattern, with buyers rallying the ZEN / BTC pair back above the neckline of the bullish pattern. Technical indicators across the daily time frame are currently rising and issuing a strong bullish signal. ZEN / BTC Daily Chart by TradingView Pattern Watch Traders should note that the November 18th, 2018 swing high is the overall upside target of the inverted head and shoulders pattern on the daily time frame. Relative Strength Index The RSI indicator is also bullish on the daily time frame, although it is approaching overbought territory. MACD Indicator The MACD indicator is bullish on the daily time frame and is currently generating a strong buy signal. Fundamental Analysis Horizen looks interesting on the fundamental level. It has a good development team and plans a number of technological improvements to its platform in 2019. Along with Horizen Labs the project can potentially increase the level of adoption of its platform, which can have a positive effect on the value of the network in the medium term. Conclusion ZEN is growing increasingly bullish against BTC over both time frames as the cryptocurrency attempts to recover from last month’s trading losses. If bulls can maintain the bullish momentum and continue to rally the ZEN / BTC pair, a much stronger rally towards the November 18th swing high may occur.
Long
by CryptoBriefingTA
IOTA / USD Price Analysis: Free Fall AvertedIOTA / USD Short-term price analysis In the short-term, IOTA has a bearish trading bias with the cryptocurrency trading below its 200-period moving average on the four-hour time frame. The four-hour time frame is showing a large head and shoulders pattern, with the IOTA / USD pair recently staging a strong recovery from the neckline of the bearish pattern. Technical indicators are still turning higher on the four-hour time frame and continue to signal further near-term gains. Pattern Watch Traders should note the IOTA / USD pair could fall to a new all-time trading low if the bearish head and shoulders pattern on the four-hour time frame is triggered. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it is now approaching overbought conditions. MACD Indicator The MACD indicator on the four-hour time frame has turned bullish and is issuing a strong buy signal. Fundamental Analysis IOTA surged after the announcement that Jaguar Land Rover, Britain’s largest auto manufacturer, is testing software that will allow drivers to share their vehicle data in exchange for IOTA. IOTA / USD Medium-term price analysis IOTA has a neutral medium-term trading outlook, with the cryptocurrency testing back towards its trend-defining 200-day moving average. The daily time frame shows that the bullish inverted head and shoulders pattern has been invalidated by the recent decline. The daily chart is also showing that the IOTA / USD pair has now moved back into range bound trading conditions. Technical indicators on the daily time frame are attempting to recover following the recent heavy sell-off. IOTA / USD Daily Chart by TradingView Pattern Watch Traders should note that the next direction breakout will take place once the IOTA / USD pair breaks out from the horizontal price chart on the daily time frame. Relative Strength Index The RSI indicator is attempting recovery above neutral following the recent bearish sell-off. MACD Indicator The MACD indicator on the daily time frame is neutral, although bullish pressures are building as the recovery gathers pace. Fundamental Analysis IOTA has been around since 2015 and is still trying to offer something viable to the market. The medium-term prospects for the project will depend on its ability to go beyond pilots and find partners that will start to use its platform. Conclusion The balance of risk has now shifted to the downside for the IOTA / USD in the short-term, with the buyers now needing to negate the bearish pattern on the four-hour time frame. The medium outlook for the cryptocurrency is less certain until a confirmed technical breakout has occurred from the horizontal price channel that has been in play since the start of the year.
by CryptoBriefingTA
BTC / USD Price Analysis: All ClearBTC / USD Short-term price analysis Bitcoin has a bullish short-term trading bias, with buyers regaining control of the BTC / USD pair and moving the number one cryptocurrency to a new 2019 trading high. The four-hour time frame is showing that the inverted head and shoulders pattern has reached its overall target, while the bearish head and shoulders pattern on the mentioned time frame has now been invalidated. Technical indicators on four-hour time frame have now turned bullish and show that more short-term gains appear likely. Pattern Watch Traders should note that the $5,700 level is now the strongest form of near-term technical resistance. Relative Strength Index The Relative Strength Index indicator on the mentioned time frame is bullish and highlights the growing short-term bullish pressure. MACD Indicator The MACD indicator on the four-hour time frame has turned bullish, with the MACD signal line and MACD histogram issuing a strong buy signal. Bitcoin / USD Medium-term price analysis Bitcoin has a bullish medium-term trading bias, with the BTC / USD pair continuing to gather upside momentum above its 200-day moving average. The daily time frame shows that the bullish breakout from the falling wedge pattern is steadily gathering pace, with the November 8th, 2018 swing-high, at $6,500, now the strongest area of technical resistance above the $5,700 level. Technical indicators on the daily time frame remain bullish, although they are trading close to overbought levels. BTC / USD Daily Chart by TradingView Pattern Watch Traders should note that the overall upside objective of the falling wedge pattern on the daily time frame is located close to the $10,000 level. Relative Strength Index The Relative Strength Index on the daily time frame is bullish, although it is once again approaching overbought conditions. MACD Indicator The MACD indicator on the daily time frame is bullish, although the MACD signal line is trading in overbought territory. Conclusion The number one cryptocurrency has made an impressive upside move after performing a series of bullish daily price closes above the important $5,200 level. Short-term bulls now face strong technical resistance from the $5,700 level, while the daily time frame is highlighting the $6,500 level as the strongest area of medium-term resistance.
BITFINEX:BTCUSDLong
by CryptoBriefingTA
Possible Reversal Seen form Link Brake When I see it through the Line Brake Chart i can See that the strong buying is done at 9674 to 9771 I am expecting the price reversal can be possible from the area of previous strong price action , So the price form current level to this range may take slow visit but surely i am not viewing any other option to consider price reversal before to this range Lets see how it unfolds , Till than Short on Reversal candle and book on bullish candle Cheers
NSE:NIFTYShort
by shiv2798
2
Rvnl ltdLet's conduct a **technical analysis** of **Rail Vikas Nigam Ltd. (RVNL)**, which is involved in the development of railway infrastructure projects in India. --- ### **Technical Analysis of Rail Vikas Nigam Ltd. (RVNL)** #### **1. Support and Resistance Levels** - **Support Levels:** - Support is where the stock tends to find buying interest and reverse from a downtrend. - **Example Support Levels:** If RVNL has previously bounced near ₹45, ₹48, or ₹50, these could be important support levels to monitor. - A breach of these support levels could indicate a possible further downtrend. - **Resistance Levels:** - Resistance is where the stock faces selling pressure and struggles to move higher. - **Example Resistance Levels:** Levels such as ₹55, ₹58, or ₹60 could be areas of resistance for the stock. - A breakout above these resistance levels could signal bullish momentum and the potential for further upside. #### **2. Moving Averages (MA)** - **50-day Moving Average (MA):** - The 50-day MA is an important short-term trend indicator. If RVNL is trading above this moving average, it indicates a bullish short-term trend. - **Example:** If RVNL is trading at ₹53 and the 50-day MA is ₹51, it indicates a bullish short-term outlook. - **200-day Moving Average (MA):** - The 200-day MA provides insights into the long-term trend. A price above the 200-day MA suggests long-term bullishness. - **Example:** If RVNL is at ₹53 and the 200-day MA is ₹48, it signifies that the long-term trend is bullish. #### **3. RSI (Relative Strength Index)** - **RSI Levels:** - **Above 70:** The stock may be overbought, indicating potential for a pullback or consolidation. - **Below 30:** The stock may be oversold, suggesting that it could be due for a rebound or upward reversal. - **Current Example:** - If the RSI is **above 70**, it suggests RVNL could be overbought, and a price pullback might occur. - If the RSI is **below 30**, it could signal that RVNL is oversold and may reverse to the upside. #### **4. MACD (Moving Average Convergence Divergence)** - **Bullish Signal:** When the MACD line crosses above the signal line, it is a bullish signal, suggesting that upward momentum may continue. - **Bearish Signal:** When the MACD line crosses below the signal line, it is a bearish signal, suggesting downward pressure or consolidation. - **Current Example:** - If the MACD line is above the signal line, it’s a bullish signal for RVNL, indicating the possibility of further upside. - If the MACD line is below the signal line, it may indicate a bearish trend or a period of consolidation. #### **5. Volume Analysis** - **Increasing Volume:** Rising prices accompanied by increasing volume confirm that the trend is supported by strong buying interest. - **Decreasing Volume:** If the price rises or falls with decreasing volume, it may indicate a weakening trend or lack of conviction. - **Current Example:** - If RVNL is rising with increasing volume, it confirms that the uptrend is strong. - If RVNL is rising with declining volume, it could signal a potential reversal or that the momentum is fading. #### **6. Candlestick Patterns** - **Bullish Patterns:** - Patterns such as **Bullish Engulfing**, **Morning Star**, or **Hammer** near support levels suggest a potential reversal to the upside. - **Bearish Patterns:** - Patterns like **Shooting Star**, **Bearish Engulfing**, or **Evening Star** near resistance levels suggest that the price might reverse to the downside. - **Current Example:** - A **Bullish Engulfing** pattern near ₹50 could signal a potential upward reversal. - A **Shooting Star** near ₹55 could indicate potential resistance and a reversal downward. #### **7. Fibonacci Retracement Levels** - **Fibonacci Levels** are useful for identifying potential retracement levels during a correction. The key Fibonacci levels are **23.6%, 38.2%, 50%, and 61.8%**. - **Current Example:** - If RVNL has moved from ₹45 to ₹55, the key Fibonacci retracement levels to watch for support during a pullback would be: - **23.6% retracement** around ₹53 - **38.2% retracement** around ₹51.5 - **50% retracement** around ₹50 - **61.8% retracement** around ₹48.5 These levels can serve as potential support if the stock faces a price correction. --- **Disclaimer:** - I am not a SEBI-registered professional or licensed financial advisor. - This analysis is based on historical price data, technical indicators, and general market trends. - Any decisions you make based on this information are entirely at your own risk. Please consult with a licensed financial advisor before making any investment decisions. - Technical analysis cannot guarantee future results, and stock prices can be influenced by numerous factors, including news, economic data, and other market developments.
NSE:RVNLLong
by Globaltradehub
Gold (XAU/USD) Approaching Key Resistance Breakout or Rejection?1. Price Trend & Structure The price is moving inside an ascending channel with well-defined support and resistance trendlines. Within the larger channel, a smaller parallel channel has formed in recent price action, showing short-term bullish momentum. 2. Key Levels Resistance: The price is approaching the upper boundary (~2,840), which may act as a selling zone. Support: The lower boundary (~2,640) is acting as a strong buying zone. EMA 200 (2,697.468): The price is above the 200 EMA, indicating an overall bullish trend. 3. Possible Scenarios Bullish Case: If the price breaks above resistance (~2,840), it may continue higher. Bearish Case: If the price gets rejected at resistance, it could fall towards the lower channel support (~2,640). Short-term Retracement: Since the price is near the upper boundary, a pullback towards the midline or EMA 200 (~2,700) could occur. 4. Market Sentiment Uptrend confirmed: The price has consistently made higher highs and higher lows. EMA support: As long as the price stays above EMA 200, the bullish sentiment remains strong. Conclusion The market is currently bullish but approaching resistance. Watch for a potential breakout or rejection. Traders may look for buying opportunities on pullbacks or shorting opportunities near resistance with confirmation.
OANDA:XAUUSD
by MrStellanSight
Silver's Ready to Shine? The Silver showing good bullish sentiment as the price has shown resilience by bouncing off significant support and breaking through resistance levels. Expecting a move towards 34.0000 is is possible if buyers defend 29-30 level on daily TF, especially if the price can maintain above the recent highs and continue to show higher volume on upward movements. The price has recently moved through a liquidity zone around 30.51025, suggesting that smart money might have taken advantage of this area to initiate trades, pushing the price higher. The volume at the recent low was significantly higher , indicating strong buying pressure at this level, which is positive for a bullish outlook. So i think it is good idea to consider a swing buy at current price level i.e., around 30-30.35 area for the target of 34,40 and 50.
OANDA:XAGUSDLong
by TheGoldenCircle