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Jai Corp Ltd: Strong Breakout with Bullish MomentumWeekly Chart Overview: EMA 21 and EMA 50: The stock is currently trading above the 21-week EMA (₹365) and 50-week EMA (₹332), indicating that the medium-term momentum is positive. This bullish alignment of EMAs suggests that the stock is gaining strength, and buyers are in control. EMA 200: It is currently positioned around ₹284, showing long-term support. Volume Surge: The recent spike in price is accompanied by a significant volume increase, reflecting strong buying interest. This volume breakout confirms the upward price momentum. Key Levels to Watch: Support: ₹365 (21-week EMA) ₹351 (50-day EMA) Resistance: ₹399 (recent swing high) Conclusion: The combination of price moving above key EMA levels and strong volume makes Jai Corp Ltd a strong candidate for further gains, provided it sustains above ₹365. If the stock manages to break and hold above ₹399, it could trigger a further rally. However, watch for any pullback to the ₹365 level, as this would serve as critical support. Suggested Entry: Consider entering at or above ₹365 with a target range of ₹400 - ₹420 and a stop loss at ₹350. This stock seems poised for a continued uptrend, with all eyes on the volume and price action near resistance levels.
NSE:JAICORPLTDLong
by iampatilkishor
DCW - Strong Uptrend with Breakout from Ascending Channel ✅The stock has been trading within a well-defined ascending channel, indicating a consistent uptrend. The recent breakout above the upper trendline of the channel signals a potential acceleration in the bullish momentum. An ascending channel reflects a steady and controlled uptrend, where both higher highs and higher lows are formed. ✅The 100 EMA along with the trendline support has provided a strong base for the stock, helping it to maintain its upward trajectory. The confluence of the 100 EMA and trendline as support underscores the strength of the underlying trend. ✅ A significant increase in volume is observed as the stock breaks out of the ascending channel, indicating strong buying interest. A volume spike during a breakout is a key confirmation that the move is supported by market participants and is likely to be sustained. ✅The RSI is currently at 72 which is in the overbought zone, suggesting strong bullish momentum. While an RSI above 70 can sometimes indicate a potential for a pullback, in the context of a breakout, it often confirms the strength of the upward move.
NSE:DCWLong
by Marketik
MOREPENLAB - Multiyear Breakout -Cup and Handle - MonthlyMOREPENLAB - Cup and Handle pattern, which is a bullish continuation pattern indicating a potential upward trend. Here are some key points from the chart: Cup and Handle Pattern: This pattern suggests that after a period of consolidation (the “cup”), there is a slight dip (the “handle”) before a potential breakout to higher prices. Neckline: The neckline is marked at 74 will also act as stoploss. Target Price: The potential target price is around 146, if the pattern completes successfully. Volume: There is a significant increase in trading volume, highlighted by a large green bar. This often indicates strong buying interest and can support the bullish breakout. Overall, the chart suggests a positive outlook if the price breaks above the neckline with strong volume support. A multiyear breakout occurs when a stock or asset breaks out of a long-standing trading range, typically lasting several years. This breakout is significant because it often signals a major shift in market sentiment and can lead to substantial price movements. Here are some key points: Long-Term Resistance: The asset breaks above a resistance level that has held for several years. Volume: A multiyear breakout is often accompanied by a significant increase in trading volume, indicating strong investor interest. Technical Indicators: Various technical indicators, such as moving averages, RSI, and MACD, can help confirm the breakout. “21 yrs Multiyear breakout with good volume” suggests that the asset has broken out of a trading range that lasted for 21 years, supported by strong trading volume. This is a bullish signal indicating potential for further price appreciation. Fundamental Factors: Sometimes, fundamental changes in the company’s business, industry, or broader economy can drive a multiyear breakout.
NSE:MOREPENLABLong
by VCharts_TA
NAZARA - Cup and Handle breakout - WklyName - NAZARA Pattern - Cup and Handle breakout Timeframe - Daily and Weekly Volume - Very Good Cmp - 1049 Can test - 1390 SL - 989 Cup and Handle pattern, which is a bullish continuation pattern indicating a potential upward trend. Here are some key points from the chart: Cup and Handle Pattern: This pattern suggests that after a period of consolidation (the “cup”), there is a slight dip (the “handle”) before a potential breakout to higher prices. Neckline: The neckline is marked at 989. This is a critical resistance level. Price breaks above this level, it has confirm the pattern and lead to further gains. Target Price: The potential target price is around 1390 if the pattern completes successfully. Volume: There is a significant increase in trading volume, highlighted by a large green bar. This often indicates strong buying interest and can support the bullish breakout. Overall, the chart suggests a positive outlook if the price breaks above the neckline with strong volume support. Price in range from 475 to 989 for 2.6 yr, Friday price closed abv that. Nazara Technologies reported its Q1 FY24 results, showcasing a strong performance. Here are the key highlights: Revenue: ₹250 crores, a slight dip from ₹254.4 crores in the same quarter last year1. Net Profit: ₹23.6 crores, marking a 12.9% increase from ₹20.9 crores in the previous year2. EBITDA: ₹24.9 crores, a 24.7% decrease year-on-year2. The growth in net profit was driven by a strong performance in the esports vertical, despite lower profits in the gaming segment and losses in adtech2.
NSE:NAZARALong
by VCharts_TA
2
LICI (pitchfan tool)LICI 6 month breakout with stock made ATH . The chart shows the price movement of Life Insurance Corporation of India (LIC) on a daily timeframe. Here’s the analysis for swing and long positions: The chart displays several trendlines which show the stock's downward and subsequent upward movement. The breakout above these trendlines indicates a shift from a bearish to a bullish trend. Support and Resistance: Support Levels: Around 950 and 1100. Resistance Levels: Immediate resistance around 1200. Volume Analysis: Increased volume at the points where the price has moved upwards from the demand zone indicates strong buying interest at these levels. Breakout Confirmation: The stock has broken out above the trendline resistance and is showing strong momentum upwards, indicating potential for further gains. for Swing Trading Entry Points: 1) Breakout Confirmation: Consider entering a long position on a confirmed breakout above the immediate resistance level (1200). Ensure the breakout is accompanied by strong volume to confirm the strength. 2)Pullback to Support: If the price pulls back to the previous support level around 1100, consider entering a long position with a confirmation of a bounce back. Targets: 1) Primary Target: Around 1300. This can be a target for taking partial profits or setting a trailing stop-loss. 2)Secondary Target: Around 1400. If the stock shows strong upward momentum and volume sustains, aim for this higher target. Stop-Loss: 1) Initial Stop-Loss: Place a stop-loss just below the support level around 1100 to manage risk in case the price moves against the trade. 2) Trailing Stop-Loss: As the price moves in your favor, use a trailing stop-loss to lock in profits and minimize risk. Market Conditions: Keep an eye on broader market trends and news that might affect the stock price. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:LICILong
by asAMOLSUTAR
4
PLASTIBLENDS - Monthly - Ascending Channel - Bullish - LongPlastiblends India Ltd. has shown a strong uptrend within a well-defined ascending channel since 2013. The recent price action suggests a continuation of this trend, presenting a compelling opportunity. Technical Analysis: Ascending Channel: The stock has been trading within an ascending channel for over a decade, demonstrating a consistent pattern of higher highs and higher lows. Support and Resistance: The stock recently bounced off the lower boundary of the channel, a strong support level. The upper boundary of the channel acts as the resistance. Volume Analysis: The volume has shown spikes during uptrends, indicating strong buying interest. RSI Indicator: The RSI (14) is currently at 62.46 and trending upwards, suggesting increasing bullish momentum. The RSI has bounced off from the mid-50 level, a common support in uptrending stocks. Plastiblends India Ltd. is in a robust uptrend within an ascending channel. With strong technical indicators and bullish momentum, this stock presents a favorable risk-reward ratio in my opinion. What are your thoughts? Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
NSE:PLASTIBLENLong
by gurinder1988
BB Blast Scenario- Major Breakout and Ready for Big Gains ✅The stock is in a BB Blast scenario, breaking out strongly with volume. stock has broken above the upper Bollinger Band, indicating strong bullish momentum. Increase in volume confirms strong buying interest and bullish sentiment, supporting the breakout scenario. ✅A leading player in the natural gas distribution sector, the company has a strong presence in the Indian market. Continuous expansion and innovation provide a competitive edge.
NSE:IGLLong
by Marketik
READY FOR BIG MOVE:- STRONG CLOSING AFTER HUGE CONSOLATION ✅The stock is showing strength with a strong candle near the resistance after a huge consolidation, signaling a potential breakout. MACD histogram is positive, supporting the breakout with bullish signals. Increase in volume confirms strong buying interest and bullish sentiment, supporting the breakout scenario. ✅A leading player in the financial services sector, the company has a strong presence in the Indian market. Continuous innovation and expansion provide a competitive edge
NSE:UGROCAPLong
by Marketik
Stock Analysis for Jyothy Labs Ltd (NSE: JYOTHYLAB)Current Price: ₹447.00 (+13.64%) Volume: 4.81M Key Levels Resistance: ~₹450 Support: ~₹430 Analysis Resistance Level: The chart indicates a strong resistance around ₹450. This is a level where the stock has previously struggled to break above and sustain. Support Level: There is a notable support level around ₹430. This price has acted as a floor, preventing further declines in the past. Volume Support: The recent price surge to ₹447.00 is backed by significant volume. This suggests strong buying interest and can indicate a potential continuation of the upward trend. Moving Averages: The stock price is currently trading above the 50-day and 200-day moving averages, which generally signals a bullish trend. Technical Indicators Price Movement: The stock has shown a sharp increase in price, reflecting positive market sentiment. Volume Analysis: The volume spike supports the price movement, indicating that the move is supported by strong market participation. Summary The stock of Jyothy Labs Ltd has experienced a significant price increase with strong volume support, indicating potential bullish momentum. The resistance level at ₹450 will be a critical point to watch. If the stock can break and hold above this level with continued volume support, it may signal further upside potential. Conversely, the support at ₹430 will be key to maintaining the current uptrend. Trading Strategy Bullish View: If you are bullish on the stock, consider waiting for a breakout above the ₹450 resistance level with sustained volume. This could present an opportunity to enter a long position. Bearish View: If the stock fails to break above ₹450 and shows signs of reversal, it might be prudent to watch for potential retests of the ₹430 support level. A breakdown below this level could indicate further downside. Note: Always consider conducting your own research and analysis or consulting with a financial advisor before making trading decisions.
NSE:JYOTHYLABLong
by TRADING-NASA
JBM Auto Ltd. (NSE: JBMA) Stock AnalysisTechnical Analysis Overview Current Price: INR 2,109.20 Volume: 1.143 million shares Price Action and Trend Recent Movement: JBM Auto Ltd. is showing significant bullish momentum, Resistance Breakout: The stock has successfully broken through a key resistance level around INR 2,000, indicating strong upward momentum. Support Levels: The nearest support is identified at INR 1,661.20. Moving Averages Short-term (20-day), Mid-term (50-day), and Long-term (200-day) moving averages are all below the current stock price, confirming a bullish trend. Alignment: The bullish alignment of the moving averages (short-term > mid-term > long-term) supports the continuation of the uptrend. Volume Analysis Volume Spike: A notable increase in trading volume to 1.143 million shares on the latest trading day indicates strong buying interest. Comparison to Historical Volume: The recent volume spike is significantly higher than the average, reflecting increased market participation and investor confidence. Indicators and Signals Bullish Candlestick: The latest candlestick pattern is strongly bullish, reinforcing the positive sentiment. Market Sentiment The market sentiment for JBM Auto Ltd. is predominantly bullish. The breakout above the resistance level, coupled with strong volume support and favorable moving averages, indicates a likely continuation of the upward trend. However, the potential overbought condition signals that a pullback or consolidation phase could occur in the near term. Actionable Insights Long Positions: Investors holding long positions may consider maintaining their positions given the bullish indicators, while monitoring for any signs of pullback. New Entries: Potential investors might look for entry opportunities during any pullbacks or consolidation phases around the support level. Stop-Loss Recommendations: Setting a stop-loss below the support level at INR 1,661.20 is advisable to manage downside risk. Disclaimer This analysis is for informational purposes only and should not be considered financial advice. Trading stocks involves risk, and you should conduct your own research or consult with a financial advisor before making any investment decisions. The analysis is based on current market conditions and historical data, which are subject to change.
NSE:JBMALong
by TRADING-NASA
Technical Analysis of Finnifty for Tomorrow **Technical Analysis of CNX Finance for Tomorrow (26 September 2023)** **Support:** * 19800 (Big Support) **Resistance:** * 20000 **Overall Analysis:** The CNX Finance index is currently trading at 19850, just below the resistance level of 20000. The index has been in a sideways to bearish phase for the past few weeks, and the overall market sentiment is bearish. However, there is a good chance that the index could move upside tomorrow if it breaks above 20000. The index has strong support at 19800, and there is a lot of put writers at this level. Therefore, if the index breaks above 20000, it could face strong buying pressure. **Good Points:** * The index has strong support at 19800. * There is a lot of put writers at the 19800 level. * The index could move upside if it breaks above 20000. **Trading Strategy:** * **Bullish Traders:** If the CNX Finance index breaks above 20000, bullish traders can enter long positions with a stop loss below 19950. * **Bearish Traders:** If the CNX Finance index breaks below 19800, bearish traders can enter short positions with a stop loss above 19850. **Overall, the CNX Finance index is likely to move in a range of 19800-20000 tomorrow. However, there is a good chance that the index could move upside if it breaks above 20000.** **Disclaimer:** This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions. **Additional Notes:** * The CNX Finance index is a basket of stocks of Indian financial companies. The index includes banks, non-banking financial companies (NBFCs), insurance companies, and other financial institutions. * The index is an important indicator of the performance of the Indian financial sector. A strong performance of the index indicates that the Indian financial sector is healthy and growing. * Investors who are interested in investing in the Indian financial sector can consider investing in the CNX Finance index ETF.
NSE:CNXFINANCELong
by santubittu
Technical Analysis of Nifty 50 for TomorrowTechnical Analysis of Nifty 50 for Tomorrow (26 September 2023) with Good Points Support: 19600-19500 (Strong Support) Resistance: 19800 (Big Resistance) Overall Analysis: The Nifty 50 index is currently trading at 19674.55, just below the resistance level of 19800. The index has been in a sideways to bearish phase for the past few weeks, and the overall market sentiment is bearish. However, there is a good chance that the index could move upside tomorrow if it breaks above 19800. The index has strong support at 19600-19500, and there is a lot of put writers at this level. Therefore, if the index breaks above 19800, it could face strong buying pressure. Good Points: The index has strong support at 19600-19500. There is a lot of put writers at the 19600-19500 level. The index could move upside if it breaks above 19800. Trading Strategy: Bullish Traders: If the Nifty 50 index breaks above 19800, bullish traders can enter long positions with a stop loss below 19750. Bearish Traders: If the Nifty 50 index breaks below 19600, bearish traders can enter short positions with a stop loss above 19650. Overall, the Nifty 50 index is likely to move in a range of 19600-19800 tomorrow. However, there is a good chance that the index could move upside if it breaks above 19800. Disclaimer: This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions.
NSE:NIFTYLong
by santubittu
SHAKTIPUMP to revers it's downtrend from strong weekly support.SHAKTIPUMP is has been in a downtrend for a long time. Now it has formed double bottom pattern on its strong weekly horizontal line support. Also is forming a bullish hammer candlestick pattern on weekly support line. This suggest that there is a strong demand for this share around this level. The stock has closed above the neckline of double bottom in hourly chart in the back of huge volume. It clearly shows strong buying interest. Swing traders keep this stock on radar and look to enter in dips. Swing traders may book their profit around downward sloping trendline. If it breaks that line then the stock will surely touch new highs in coming future.
NSE:SHAKTIPUMPLong
by sumedhb100
Nifty 50 trend and Levels on 23-12-2021Hi, This post may useful to Nifty option traders . good luck From point of analyses Nifty-50 is Neutral in weekly , strong sell in Daily and strong buy in 15mint charts. World market – Strong trend Asian market – Strong trend SGX – Gap up open around +97 points and current trade is falling down . Nifty50 Future – Gap down open around +72 points and current trade is falling down wards. The market may flat or gap up open then it will move according to sustains of support or resistance levels as bellow. Expect one price is high today after ward seams to be in down side only. The major support zone 16854 crossed bellow and sustained then fall to16749,16620,16410. The major resistance zone 16971 crossed above and sustained then move further up ward to 17108, 17185,17298.
NSE:NIFTY
by Saravanan55527
NIFTY_VP_ANALYSISVolume Profile Analysis 🟢 Considering current trending move of 15509-17800 POC lies at 17378 where two strong price volume breakout candles were seen. So that looks like the first support at the moment. 🟢 First value area low placed at 17228 below which #Long unwinding pressure may be seen. 🔴 Breakdown below 17212 it can open gates till 16754-16181 which is next VAH and VAL. 🟢 Considering the major trend 14200-17800 POC is placed around 15800. Which is far away from current levels. 15509 is next following demand zone. In case #Nifty tests these levels can be a reinvestment zone. Technicals 🔴 Momentum indicators indicate overbought. Nifty D(85), W(79.22), M(79.10). No signs of exhaustion in price charts. 🟢 #Nifty notices OI reduction which indicates profit booking and in daily it has formed a SoD candle. 🟡 Many have been waiting for correction and the wait has been further delayed with each massive move from the #Nifty 🔴 Historically such high RSI levels > 80 in Weekly/Monthly is followed by a decent correction in the equity markets. 🟢 Still as long as #Nifty is trading above 17366/17212 on day closing basis all looks fine and in favor of the bulls. Global markets 🟠 US markets closed lower on quadruple witching day. Looks like market worried of possible corporate tax hike in budget. 🟠 European markets opened very strongly but pared their gains and closed lower due to strong profit booking. 🔴 Dollar index had a spurt and closed near 93.24 putting pressure on precious metals. Silver down by another 2.33% Institutional Data 🟢 FII's had strong buying figures even though #Nifty fell 200 point from Friday #Intraday highs and closed lower. 🔴 All good news being factored in markets would require fresh triggers to scale new highs. Else mild consolidation or profit booking may be seen. At these levels investors should remain cautious when global equity markets are seeing profit booking.
NSE:NIFTY1!
by TradersVenue
Panic market crash may be seen ahead of Ayodhya verdictNifty developed an 'evening star' pattern in daily chart, which is a very strong bearish signal. Ahead of Ayodhya verdict, market is selling off from the strong selling zone near all time high. There is a strong possibility of an extreme volatile market in the coming days due to the high sensitivity of the issue. If price breaks the blue trendline, I am anticipating a downward rally till price reaches the strong buy zone as marked in the chart. Also, a clear bearish divergence in MACD histogram has developed in daily chart of Nifty
NSE:NIFTYShort
by ssen
Patel Engineering Ltd (PATELENG) Long Patel Engineering Ltd (PATELENG) : Current Stock Performance Current Price: ₹58.60 Day's Range: ₹57.80 - ₹59.40 52-Week Range: ₹31.45 - ₹66.95 Market Cap: ₹48.41 billion Volatility: 2.61% with a beta of 2.79 Moving Averages Patel Engineering's stock shows mixed signals across various moving averages: MA5: Simple - ₹57.23, Exponential - ₹57.74 (Buy) MA10: Simple & Exponential - ₹56.80 (Buy) MA20: Simple - ₹54.85, Exponential - ₹55.35 (Buy) MA50: Simple - ₹51.97, Exponential - ₹52.91 (Buy) MA100: Simple - ₹47.53 (Buy) Technical Indicators Patel Engineering exhibits the following signals based on multiple technical indicators: RSI (14): 62.13 (Buy) Stochastic (9,6): 57.29 (Buy) StochRSI (14): 80 (Overbought) MACD (12,26): 3.75 (Buy) ADX (14): 35.97 (Buy) CCI (14): 159.24 (Buy) Williams %R: -10.90 (Overbought) ATR (14): 5.05 (High Volatility) Highs/Lows (14): 10.31 (Buy) Ultimate Oscillator: 56.68 (Buy) ROC: 4.70 (Buy) Bull/Bear Power (13): 19.42 (Buy) Summary The overall technical analysis for Patel Engineering indicates a strong buy signal. This assessment is based on a combination of moving averages and technical indicators, all suggesting a positive trend. Key indicators such as RSI, MACD, and ADX support a bullish outlook, while the stock has shown significant gains over the past year. This technical analysis should be combined with additional research and consideration of other factors, such as market conditions and fundamental analysis, before making any investment decisions. Please consult your financial advisor before investing All research for educational purposes only.
NSE:PATELENGLong
by IOTABHI
Canara Bank (NSE)Canara Bank (NSE) Daily Chart - Technical Analysis This chart presents a Bullish Harmonic Pattern (Possibly a Gartley or Bat Pattern), indicating a potential reversal from the D point. Below is a detailed breakdown of the chart components: A bullish move is expected if price sustains above the entry level. Key Trading Levels: 📌 Entry & Confirmation: ✅ Entry Above: 88 Close – A confirmed bullish move is expected once the price closes above this level. ✅ Breaking Range: 102.13 – If price breaks this resistance, strong upside momentum is expected. 📈 Target Levels (Profit Booking Zones): 🎯 Target 1: 112.89 – Short-term bullish target. 🎯 Final Target: 128.22 – Long-term target for positional traders. 🛑 Stop Loss & Risk Management: 🚨 Stop Loss: 79.03 – Immediate Support Level. 🛒 Additional Buying Zone: 79 – For averaging long positions. 🔹 Trading Strategy for Different Traders: 📊 Swing Trading (1-3 month Holding Period): Entry: Above 88 Close Target 1: 112.89 Stop Loss: 83 Risk-Reward Ratio: 1:5 and 1:10 (Good for risk-conscious traders). 📊 Positional Trading (6 to 8 Months Holding Period): Entry: Above 88 Close and 102.13 Breakout Confirmation. Final Target: 128.22 Stop Loss: Below 79.03 (Trailing SL after the first target). Risk-Reward Ratio: 1:10+ (High reward potential). 🔹 Market Sentiment & Risk Factors: If price fails to sustain above 88, it may retest lower supports (83.58 & 79.03). Volume confirmation is crucial for a breakout; ensure strong buying activity before entering. Broader market conditions (NIFTY trends, banking sector performance) should be monitored. 🔹 Conclusion & Trading Plan: 📌 If price sustains above 88 and breaks 102, expect bullish momentum towards 112.89 – 128.22. 📌 Stop loss management is key; use trailing SL for maximizing gains. 📌 Suitable for swing & positional traders looking for medium-term growth in Canara Bank. ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Trading involves risk, and past performance does not guarantee future results. Always do your own research or consult a financial expert before making investment decisions. Risk management is crucial – trade responsibly.
NSE:CANBKLong
by BUY_TODAY_Tamil
MAHARASTRA SEAML - Aggressive Reversal Bet!Price Analysis & Overview: 1. EMA support taken. 2. Strong Fib support zone. 3. Blast above 900 4. 100%+ Potential 5. Need good volumes 6. Entry above 710 post confirmations 7. Strong buying candle formation is needed. - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:MAHSEAMLESLong
by SuperNova396
Bitcoin - Bullish and strong Buy - Target 104KMultiple times in my previous charts i have said price below 97K is seeing buying by big players. Which is very very clear in chart with multi month and week support visible in chart. Any price below 97K is being bought by big players in US and these days outside US as well. Multiple people clearly pointed out the money flow into Bitcoin which is visible in other indicators. only because of long weekend price is sideways to bearish in short term which is cleverly accumulated by big players. I am expecting price above 100K in coming days to test the previous strong resistance above 104K for now.
by venkatfx
3
Gold Prices Dip Amid Trade Tensions, Bullish Outlook RemainsThe global gold price has slightly decreased, with spot gold dropping by $9.9 to $2,898.4 per ounce, while gold futures were last traded at $2,926.4 per ounce, down $7.9 from the previous early morning. This adjustment is primarily due to profit-taking pressure after gold reached record highs. However, investors remain optimistic amid rising global trade tensions, especially with the high tariffs imposed by U.S. President Donald Trump. These tariff policies are expected to continue supporting gold prices in the near future. Despite the short-term adjustment, gold continues to receive strong support from geopolitical instability and trade wars, and it may continue its upward trend until 2025. Meanwhile, investors are awaiting comments from U.S. Federal Reserve Chairman Jerome Powell to analyze the possibility of interest rate cuts, which could boost gold prices again. Additionally, strong buying activity from central banks and gold ETFs whenever prices drop also helps sustain the bullish trend of gold. Although gold is currently experiencing a slight decline, technical analysis suggests that this drop is temporary. With support at $2,860, gold may quickly recover and continue its upward trajectory towards the resistance level of $2,933. Investors could consider a SELL position around $2,933 and prepare for a BUY opportunity when gold returns to the support level.
OANDA:XAUUSD
by Brigi_ta
HINDALCO 10R probable trade set upThe short-term price action for Hindalco appears to be positive, with some bullish indicators: The stock is trading above its 20-day Simple Moving Average (SMA) of 657. The price is in the upper range of the Bollinger Bands, suggesting strong momentum. The MACD has generated a buy signal, although it is initial and weak. The CCI (Commodity Channel Index) has generated a strong buy signal. However, there are also some cautionary signs: The RSI is generating a sell signal in the short term. Volume-based indicators are showing selling momentum. Medium-term Outlook The medium-term analysis reveals a more complex picture: The stock is trading slightly above the 200-day Moving Average, around 6521. The zone between 652-620 is considered a crucial demand area. The RSI on the daily timeframe shows early signs of reversal, suggesting potential bullish momentum. Key Levels to Watch Resistance: A critical resistance level is identified near 715. Breaking above this level could negate the existing negative trend and confirm a reversal. Support: The 652-620 range is an important support zone. Maintaining a position above this range is crucial to prevent further selling pressure1. Options Data The Put-Call Ratio (PCR) for various strike prices indicates: For the 630 strike, the PCR is 3.58, suggesting more put options are being traded relative to call options. Higher strike prices (710, 720, 750) show lower PCR values, indicating less bearish sentiment for those levels.
NSE:HINDALCOLong
by KarniKripaa