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#CNXMIDCAPNifty MidCap 100 Index - Daily Chart Analysis Current Price: ₹47,915.20 (-2.49%) Open: ₹48,732.05 | High: ₹48,755.70 | Low: ₹47,485.30 | Close: ₹47,915.20 Key Observations 🔻 Bearish Momentum: The index has dropped by -2.49%, forming a strong red candle. 🔻 Lower Lows Formation: Price action suggests a continued downtrend with consecutive red candles. 🔻 Support Zone: ₹47,500 (Near-term support, already tested intraday) ₹46,800-47,000 (Critical support) 🔺 Resistance Levels: ₹49,500-50,000 (First hurdle for reversal) ₹52,000+ (Major breakout zone) Trend & Momentum 📉 Bearish Scenario: If ₹47,500 breaks, further downside toward ₹46,800-46,500 is possible. MidCap stocks could continue weakness if broader market sentiment remains negative. 📊 Bullish Scenario: A bounce from ₹47,500 could trigger short-term recovery. Strong buying interest above ₹49,500 will be needed for a trend reversal. 📌 Watch for: Rebound signals (Hammer candle, RSI divergence, or volume increase). Sectoral performance of MidCaps—Any rotation into large-caps?
NSE:CNXMIDCAP
by krishnakhanna
Shriram Finance Ltd- Swing1. Trend analysis - the stock was in a downtrend from October to late January, forming lower highs and lower lows. - however, in February, the stock started recovering and has now moved above the 200-day moving average (blue line), which is a bullish sign. 2. Moving averages - The chart shows two short-term moving averages (red and green lines), which could be the 9-day and 21-day ema. - The stock is currently trading above these moving averages, suggesting short-term momentum is in favor of buyers. 3. Volume analysis - There is a significant increase in volume on the latest green candle, indicating strong buying interest. - Higher volume during an upward move confirms that the breakout could be sustainable. 4. Support and Resistance levels - Support: the 580-590 zone is an important support level as the price has broken out from this area. - Resistance: the next potential resistance is around 630-650, where selling pressure might come in. 5. Swing trade plan - Entry: if the stock holds above 580-590, consider entering. - Stop loss: place a stop-loss below 565, as a break below this level could signal weakness. - Target: the first target can be 630, and if momentum continues, it can move towards 650. This setup looks good for a bullish swing trade, as the stock has broken key resistance with strong volume. however, it is always wise to watch the overall market conditions before entering the trade.
NSE:SHRIRAMFINLong
by PowerOfTA
SBI Next move **🚀 SBI Trade Setup - Key Levels to Watch! 📉📈** 📊 **Stock:** STATE BANK OF INDIA (NSE) 🕒 **Timeframe:** 1D Chart 🔹 **Current Price:** **₹710.90** 🔹 **Retest Range:** **₹722.75 - ₹722.45** 🔴 🔹 **Immediate Support:** **₹701.55 - ₹700.60** 🔵 🔹 **Immediate Resistance:** **₹771.15** 🎯 **Bullish Targets:** ✅ **₹863.95** ✅ **₹950 & ₹1040 (Short-Term Holding 6-8 Months)** 🔻 **Bearish Breakdown Levels:** 🚨 **Selling Target ₹652.20 - ₹650.60** 💡 **Key Insights:** ✔️ **Breakout above ₹771.15** can trigger a strong bullish move 📈 ✔️ **Strong buying expected above the immediate resistance zone!** ✔️ **Failure to hold ₹700.60 could push the price lower** 📉 ⚠️ **Disclaimer:** This analysis is for **educational purposes only** and not financial advice. Trade wisely! 📊
NSE:SBINLong
by BUY_TODAY_Tamil
let's Analyze 4-hour XAUUSD chart using Smart Money ConceptChart Analysis: 1. Trend Analysis: Overall: The chart shows a clear bullish trend from the left to the right. We can observe a series of higher highs and higher lows, indicating a strong uptrend. Recent Price Action: The recent price action shows a consolidation phase at the top, suggesting a potential distribution or a pause before further continuation. 2. Market Structure Shifts (MSS): Bullish MSS: The chart exhibits multiple clear bullish MSS as price breaks above previous swing highs. Each break confirms the continuation of the uptrend. Recent Consolidation: The recent consolidation phase at the top could indicate a potential shift in market structure if price breaks below the consolidation low. 3. Liquidity Zones (Numbers): Swing Highs: This is the most recent swing high and a significant liquidity zone. A break above this level could trigger stop-loss orders of short sellers and fuel further upward momentum. Swing Lows: 2,860.000 (Approximate): This area represents a significant swing low and a potential liquidity zone. A break below this level could trigger stop-loss orders of long traders. 2,800.000 (Approximate): Another significant swing low and a potential liquidity zone. Previous Swing Lows: Identify other swing lows within the chart. These act as potential liquidity zones. 4. Institutional Activity: Volume Analysis: Increased Volume During Bullish Moves: The volume bars at the bottom of the chart provide insights into institutional activity. Increased volume during bullish moves suggests strong buying pressure, indicating institutional participation.
OANDA:XAUUSD
by itskisun
bandhan bankLet's conduct a **technical analysis** of **Bandhan Bank Ltd.** based on key indicators, assuming you're using real-time data. Here's a detailed breakdown of how you can approach the analysis: --- ### **Technical Analysis of Bandhan Bank Ltd.** #### **1. Support and Resistance Levels** - **Support Levels:** - Support is where the stock has historically bounced or where buying interest has come in. - **Example Support Levels:** If Bandhan Bank has recently bounced near ₹200, ₹210, or ₹220, these levels could be considered key support. - A drop below these levels could signal a deeper correction. - **Resistance Levels:** - Resistance is where the stock has previously faced selling pressure or reversal. - **Example Resistance Levels:** If the stock has had trouble surpassing ₹240, ₹250, or ₹260, these could be key resistance levels. - A breakout above these levels could indicate potential upside momentum and a continuation of the uptrend. #### **2. Moving Averages (MA)** - **50-day Moving Average (MA):** - The 50-day moving average helps analyze short-term trends. If the stock is trading above this, it suggests short-term bullish momentum. - **Example:** If the stock is at ₹230 and the 50-day MA is ₹220, this indicates bullish short-term momentum. - **200-day Moving Average (MA):** - The 200-day moving average is used to assess long-term trends. If the stock is trading above it, it indicates a long-term bullish trend, and if below, it indicates a bearish trend. - **Example:** If the stock is at ₹230 and the 200-day MA is ₹210, it confirms that the long-term trend is positive. #### **3. RSI (Relative Strength Index)** - **RSI Levels:** - **Above 70:** The stock is potentially overbought, indicating a possible pullback or consolidation. - **Below 30:** The stock is potentially oversold, suggesting it may be due for an upward move or reversal. - **Current Example:** - If the RSI is **above 70**, Bandhan Bank might be in overbought territory, which could lead to a short-term pullback. - If the RSI is **below 30**, it suggests the stock is oversold, potentially signaling a buying opportunity. #### **4. MACD (Moving Average Convergence Divergence)** - **Bullish Signal:** A bullish signal occurs when the MACD line crosses above the signal line, suggesting potential upward momentum. - **Bearish Signal:** A bearish signal occurs when the MACD line crosses below the signal line, indicating potential bearish momentum. - **Current Example:** - If the MACD line is above the signal line, this is a bullish indication for Bandhan Bank. - If the MACD line is below the signal line, it may suggest bearish momentum or consolidation. #### **5. Volume Analysis** - **Increasing Volume:** A price rise accompanied by increasing volume typically indicates strong buying interest, confirming the trend's strength. - **Decreasing Volume:** If the price moves up or down with decreasing volume, it may indicate a lack of conviction behind the price move. - **Current Example:** - If Bandhan Bank is rising with increasing volume, it supports the strength of the upward trend. - If volume is low or declining while the price rises, it might indicate weakening momentum and possible trend reversal. #### **6. Candlestick Patterns** - **Bullish Patterns:** - **Bullish Engulfing**, **Morning Star**, or **Hammer** near support levels can indicate a potential reversal to the upside. - **Bearish Patterns:** - **Bearish Engulfing**, **Evening Star**, or **Shooting Star** near resistance levels could signal a potential reversal to the downside. - **Current Example:** - A **Bullish Engulfing** pattern near ₹220 (support) could signal the stock might reverse upward. - A **Shooting Star** near ₹250 (resistance) could suggest a potential reversal downward. #### **7. Fibonacci Retracement Levels** - **Fibonacci Retracement** levels are used to find potential support and resistance during pullbacks or price corrections. The key levels are **23.6%, 38.2%, 50%, and 61.8%**. - **Current Example:** - If the stock moves from ₹210 to ₹250, you can look at retracement levels: - **23.6% retracement** around ₹240 - **38.2% retracement** around ₹230 - **50% retracement** around ₹220 - **61.8% retracement** around ₹215 - These levels could act as support or resistance during a price pullback. **Disclaimer:** - I am not a SEBI-registered professional or licensed financial advisor. - The analysis, recommendations, and opinions provided are based on historical price data, technical indicators, and general market trends. - Any decision you make based on this information is at your own risk. Please consult with a licensed financial advisor before making any investment decisions. - Technical analysis cannot guarantee future results, and stock movements can be influenced by many factors, including news, external events, or unforeseen market conditions.
NSE:BANDHANBNKShort
by Globaltradehub
Adanient ltdLet's dive into the technical analysis of **Adani Enterprises Ltd.** (AdaniEnt) based on the current market conditions. I'll provide a structured technical analysis framework, focusing on key indicators like support, resistance, moving averages, RSI, MACD, and more. Since I don’t have real-time market data, here's how you can analyze the stock with the available tools: --- ### **Technical Analysis of Adani Enterprises Ltd. (AdaniEnt)** #### **1. Support and Resistance Levels** - **Support Levels:** - Look for the recent lows or key levels where the stock has bounced in the past. - Example: If the stock recently bounced at ₹1,800, ₹1,750, or ₹1,700, those could be considered support levels. - A drop below these levels may suggest the stock could head lower. - **Resistance Levels:** - Key resistance levels are areas where the stock faced selling pressure before. These levels often correspond to previous price highs. - Example: If the stock has struggled to break past ₹2,000 or ₹2,100 in recent months, these could act as resistance. - A breakout above these levels could signal a strong upward move. #### **2. Moving Averages (MA)** - **50-day Moving Average (MA):** - If the stock is trading above the 50-day MA, this is typically seen as a short-term bullish sign. - **Example:** If the stock is at ₹1,900 and the 50-day MA is ₹1,880, this indicates short-term bullish momentum. - **200-day Moving Average (MA):** - The 200-day MA is a longer-term trend indicator. If the stock is trading above it, the long-term trend is bullish, and if it's below, the long-term trend may be bearish. - **Example:** If the 200-day MA is ₹1,750 and the stock is above it, this confirms the stock’s long-term uptrend. #### **3. RSI (Relative Strength Index)** - **RSI Levels:** - **Above 70:** The stock is considered overbought, which may indicate a potential pullback or consolidation. - **Below 30:** The stock is oversold, suggesting it could be due for a reversal or bounce. - **Current Example:** If the RSI is at **72**, the stock may be in overbought territory, which could indicate a potential pullback. If it's at **28**, the stock could be oversold and might see a potential bounce. #### **4. MACD (Moving Average Convergence Divergence)** - **Bullish Signal:** If the MACD line crosses above the signal line, it suggests a potential uptrend. - **Bearish Signal:** If the MACD line crosses below the signal line, it indicates potential bearish momentum. - **Current Example:** If the MACD line is above the signal line, it is a positive sign for the stock. However, if it's below the signal line, this could suggest further downside risk. #### **5. Volume Analysis** - **Increasing Volume:** When the stock moves higher with increasing volume, it indicates strong buying interest. - **Decreasing Volume:** If the stock rises or falls with decreasing volume, it might suggest weakening momentum. - **Current Example:** If the stock is making new highs with increasing volume, this suggests the trend is likely to continue. #### **6. Candlestick Patterns** - **Bullish Patterns:** Look for **Hammer**, **Bullish Engulfing**, or **Morning Star** patterns during a downtrend, which could signal a reversal to the upside. - **Bearish Patterns:** **Shooting Star**, **Bearish Engulfing**, or **Evening Star** patterns during an uptrend could indicate a reversal to the downside. - **Current Example:** If there’s a **Bullish Engulfing** pattern forming, this could indicate a potential reversal or continuation of an uptrend. #### **7. Fibonacci Retracement Levels** - Key Fibonacci levels (such as **23.6%, 38.2%, 50%, 61.8%**) are often used to identify potential support and resistance levels during retracements. - **Current Example:** If the stock is moving from ₹1,700 to ₹2,100, check the **23.6% retracement** around ₹1,950 and the **50% retracement** at ₹1,900 as possible support areas during a pullback. --- **Disclaimer:** - I am not a SEBI-registered professional or licensed financial advisor. - All analysis, recommendations, and opinions provided are based solely on historical price data, patterns, and general market trends. - Any action you take on the basis of this information is at your own risk. Please consult with a licensed financial advisor before making any investment decisions. - Technical analysis cannot guarantee future results and may not be accurate in predicting market movements. - Market conditions and stock prices can be influenced by many factors, including external events, news, and economic data, which are beyond the scope of this analysis. --- Let me know if you would like to discuss a specific technical indicator in more detail or if you'd like to focus on any particular aspect of the analysis!
NSE:ADANIENTLong
by Globaltradehub
"Crucial Neckline Breakout Ahead for Ashiana Housing LtdHello everyone, today i have brough a news base trade setup of Ashiana Housing Ltd. and it is showing an exciting setup on the charts as it approaches a neckline breakout level at ₹368. This is a critical resistance zone, and if the stock sustains above this level, it could mark the beginning of a strong upward move. Here’s why this is interesting: Technical Setup: After a period of consolidation, the stock is attempting to break out of a well-defined neckline. This kind of breakout often signals the start of a new trend. Volume is Key: A breakout supported by higher volumes would confirm strong buying interest, which is exactly what traders want to see. Recent News Adds to the Momentum: Ashiana Housing recently launched the final phase of its luxury residential project, Ashiana Ekansh, in Jaipur's Mansarovar Extension. This has been well-received and could boost the company’s fundamentals. While the stock faced some selling pressure recently, the current setup indicates the potential for a turnaround. Key Levels to Watch: Entry Point: ₹368 – Breakout confirmation is crucial. Stop Loss: ₹344 – To manage risk effectively. Targets: 1st Target: ₹413 2nd Target: ₹438 3rd Target: ₹468 Why This Matters: A breakout from this level could provide a solid risk-reward opportunity for traders. However, patience is key – wait for confirmation before jumping in. Also, keep an eye on the broader market sentiment and any updates related to the company. Final Thought: Ashiana Housing is at a pivotal point. If the breakout happens, this could be an exciting ride to the targets. Stay alert, manage your risks, and let the market guide you. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. If you found this analysis insightful, don’t forget to hit like and follow for more such content! For related trading ideas and educational posts, check out our profile TraderRahulPal Let’s learn and grow together!
NSE:ASHIANALong
by TraderRahulPal
Natural Gas Confirm Targets 400 Natural Gas Price Analysis and Outlook As of February 14, 2025, natural gas (NG) prices have exhibited significant volatility, influenced by various market dynamics. Technical Analysis Current Price Range : The latest support level for NG prices is identified between ₹286 and ₹293 per unit. Major Support Level : A more substantial support zone exists between ₹250 and ₹260, indicating strong buying interest at these levels. Major Resistance Level : On the upside, significant resistance is observed between ₹410 and ₹420, which may act as a barrier to price increases. With increasing power demand, cold weather, rising forecasts, and strong exports, natural gas prices are likely to go up in the near future
MCX:NATURALGAS1!Long
by manojshinde27
Wipro: Resilient Recovery Back Into the Ascending ChannelWipro has shown impressive strength recently, bouncing back into its well-established ascending channel on the daily chart. Here are the key observations: Channel Recovery: After briefly dipping below the channel on January 17, the stock quickly recovered and closed back within the channel the very next day, demonstrating strong buying interest at lower levels. Current Momentum: The stock is trading near the upper half of the channel, indicating bullish momentum. The breakout attempts suggest that buyers are dominating at current levels. Support and Resistance: The lower boundary of the channel around ₹290 acts as strong support. Immediate resistance is seen at ₹320, near the upper edge of the channel. A breakout above this level could lead to further gains. Indicators: The RSI is trending upwards and is currently above the neutral zone, supporting the bullish outlook. A sustained move above ₹320 could push the RSI into overbought territory, requiring cautious optimism.
NSE:WIPROLong
by VeerappaKaujageri
GSPL Daily Chart Analysis 📈 GSPL Daily Chart Analysis 🔍 💡 Trend Overview • The stock has shown sideways consolidation for a significant period but recently experienced a breakout from a key support zone around 350. 🔑 Key Insights: 💹 Volume Surge : Strong buying observed at 350 levels with increasing volume. 📊 • 🚀 Key Levels to Watch: 🚨 🔼Resistance: o 380 (Immediate resistance) o 420 (Critical level) 🛡️ Support: o 350 (Strong support) o 320 (demand zone and psychological level)
NSE:GSPLLong
by stocktutorial9002
Gold Price Forecast: Liquidity Grab Likely Before Rally to New HThe price seems to be consolidating within the ascending triangle, Price is testing the confluence of the descending trendline and the 61.8% Fibonacci retracement level. This area has historically acted as a rejection zone. Price is likely to reject this level and push downward to sweep liquidity below recent swing lows near 2,600 or 2585 area. After liquidity is swept, price could form a spring (Wyckoff reaccumulation) and provide a strong buy signal which can push price towards 2800. (Expecting a pullback but this does not mean that I want to short gold, I am still waiting for a good buy area, if gold deliver this kind of move then that will be a good setup for swing buy)
OANDA:XAUUSDLong
by TheGoldenCircle
Bearish Trend Testing Key Support LevelsKey Observations: Downward Channel: The price is moving within a defined downward-sloping channel, indicating a bearish trend. The upper boundary of the channel near 570 INR is acting as resistance, while the lower boundary could act as support. Fibonacci Levels: The price is currently near P Fibonacci support (~510 INR). A breakdown below 510 INR could lead to the next support at S1 (~430 INR). Consolidation Zone: The stock had been trading between R1 (~651 INR) and S1 (~425 INR) before breaking into the downward channel. Resistance levels to watch: 570 INR (channel resistance) and R1 (~615 INR). MACD Indicator: MACD shows strong bearish momentum, with the MACD line below the signal line and a red histogram. Momentum remains negative, suggesting further downside unless a reversal occurs. Volume and Price Action: No significant volume spikes indicate a lack of strong buying support currently. Recent candles suggest selling pressure dominates, with no reversal patterns forming yet. Potential Scenarios: Bearish Continuation: If the price breaks below 510 INR, the next critical support level is at 440 INR (S1 Fibonacci level). A further breakdown could extend the decline toward S2 (~370 INR). Bullish Reversal: A reversal pattern (e.g., hammer, bullish engulfing) near 510 INR could signal a recovery toward 570 INR (channel resistance) or even 615 INR (R1). A breakout above 570 INR would indicate a potential end to the downward trend. Conclusion: REC Ltd is in a bearish trend, trading near key support levels. A breakdown below 510 INR could lead to 440 INR, while a reversal at this zone could signal recovery. Traders should monitor the 50 INR level closely for confirmation of direction.
NSE:RECLTD
by TrueVithbyVishwanath
Stock Analysis: #APOLLOHello, Traders! 👋 Exciting news for #APOLLO—a fresh BUY signal was triggered on 30th Dec 2024 by my ILTF indicator. Here's the breakdown: 📈 Technical Overview: 🔹 Significant volume expansion, indicating strong buying interest. 🔹 Sector strength aligns with the stock’s momentum. 🔹 Key levels are marked to monitor potential breakout or pullback zones. 🎉 Past Performance: Last trade in #APOLLO was a smashing success, with a 542% gain! 💥 💡 Current Outlook: The setup looks promising, but as always, we’ll let the price action confirm. Watching closely to see how it unfolds from here. ⚠️ Disclaimer: 🔹 I am not a SEBI-registered advisor. 🔹 This analysis reflects my personal views and is not a recommendation to buy or sell. 🔹 Shared for learning purposes only—please do your own research or consult a professional. What’s your take on #APOLLO? Let’s track this one together! 🚀 #TradingView #StockAnalysis #MomentumTrading #APOLLO #ILTF
NSE:APOLLOLong
by Inwardlocus
3
Maruti Suzuki India Ltd daily chat analysis 1. Chart Overview 📈 This Maruti Suzuki India Ltd chart represents the daily price movement. On the NSE. It shows candlestick patterns alongside various technical indicators like MACD, RSI, Volume, and some custom overlays such as support and resistance zones. 2. Key Chart Feature and Pattern Observation 🔹 The price recently broke above a key resistance level, as indicated by the green candlestick and volume spike. 🔹 A triple-bottom pattern (Bottom 1, Bottom 2, Bottom 3) is visible, signaling a potential reversal and a bullish trend. 🔹 The background has alternating green and red highlights, likely reflecting trend strength or signal zones (bullish or bearish). 3. Indicator Analysis 📊 Volume - A significant volume spike coincides with the breakout, confirming strong buying interest. 📊 MACD (Moving Average Convergence Divergence) - The MACD line (black) has crossed above the signal line (red), confirming bullish momentum. - The histogram is transitioning from red to green, indicating a positive trend. 📊 RSI (Relative Strength Index) - The RSI is trending upwards and is around 39.74, suggesting the stock is leaving oversold territory. - It is yet to enter overbought zones, leaving room for further upside. 4. Key Levels or Price Levels 🔑 Support Levels - Immediate support at approximately 11,375, marked by the breakout point. - Stronger support near 10,725, as indicated by previous bottoms. 🔑 Resistance Levels - Immediate resistance around 12,000. The next key resistance is at 13,680 (as per the high marked on the chart). 5. Overall Summary 📝 The chart depicts a bullish breakout following a period of consolidation, confirmed by a triple-bottom pattern. Indicators like MACD and RSI support the bullish bias, while the volume spike adds further confirmation of market interest. 6. Trading Strategy 💡 For Buyers - Look for pullbacks near 11,375 for entry opportunities, with a stop-loss below 10,725. - Target 12,000 in the short term and 13,680 for a medium-term outlook. 💡 For Sellers - Wait for price rejection or a bearish divergence near 12,000 before considering short positions. 7. Conclusion 🚀 The chart signals a bullish breakout with strong confirmation from patterns and indicators. Traders can capitalize on this momentum while being cautious of resistance levels and broader market conditions.
NSE:MARUTILong
by ramumaurya
SARDA ENERGY CUP AND HANDLE PATTERNThis chart shows the price movement of Sarda Energy & Minerals Ltd. (SARDAEN) on a daily timeframe. Here’s the analysis: 1. Cup and Handle Formation: • The green curve indicates a cup pattern, which is typically a bullish continuation signal. • The smaller blue descending channel following the cup indicates a potential handle formation. 2. Breakout Potential: • The stock appears to have broken out of the handle’s resistance, which is often a strong buy signal in technical analysis. • The price is approaching or surpassing the previous high at ₹525, which could act as resistance. 3. Volume Spike: • A significant spike in volume suggests strong participation, supporting the breakout’s validity. 4. Support and Resistance Levels: • Support: Around ₹460-₹480, the lower end of the handle. • Resistance: Around ₹525 (recent high). 5. Trend: • The overall trend looks bullish with higher highs and higher lows. 6. Indicators to Monitor: • Watch for a retest of the breakout level (₹480) to confirm the trend. • Keep an eye on momentum indicators (e.g., RSI) to ensure the breakout isn’t overbought.
NSE:SARDAENLong
by alranjan
ABDL: Bullish Setup Post-BreakoutABDL: Bullish Setup Post-Breakout 🔥📈 ✅ Breakout Alert: Price broke out of a long consolidation range, signalling strong momentum. ✅ Retest Success: Retested the breakout zone (~₹373), confirming it as support. ✅ Bullish Pattern: Inverse Head & Shoulders confirmed, adding to the bullish outlook. ✅ Volume Pickup: Rising volume aligns with price action, indicating strong buying interest. ✅ Above Moving Averages: Price holds above key 50 & 200 DMAs, reinforcing the uptrend. 🎯 Key Levels: Entry Zone: ₹395-396(Safe Players wait for a day close) Target: ₹471-480 (Medium Term) Stop Loss: ₹359 (Closing Basis) 💡 Risk/Reward: Risk: ~9% Reward: 38%-50% 📌 Note: This setup is for educational purposes only. Please do your due diligence before trading.
NSE:ABDLLong
by sagartharayil
EURUSD Next possible move SAXO:EURUSD Here’s a detailed description for today’s continued bullish outlook in EUR/USD: --- ### **Title** *"EUR/USD Intraday Analysis: Bullish Momentum Continues | Dollar Retreats Further"* #### **Market Context** *"EUR/USD maintains its upward trajectory as the dollar remains under pressure amid easing Treasury yields and cautious market sentiment. Supportive Eurozone data also fuels buying interest in the pair."* #### **Technical Analysis** *"Today's buy bias is backed by the following: - **Trend Structure**: Higher highs and higher lows indicate continued bullish momentum. - **EMA Dynamics**: Price is holding above the 20 and 50 EMAs, reinforcing the upward bias. - **RSI**: Sustained above 60, reflecting strong buying pressure. - **MACD**: Positive histogram bars are increasing, signaling bullish continuation. Key Levels: - **Support**: 1.0570 (intraday), 1.0545 (critical level). - **Resistance**: 1.0605 (initial target), 1.0630 (key level). A break above 1.0630 could open the door for further gains."* #### **News Context** *"Upcoming: U.S. Services PMI data later today may influence dollar sentiment. Previous: Eurozone economic sentiment data boosted confidence, aiding the pair’s recovery."* #### **Call to Action** *"Will EUR/USD sustain its bullish momentum and test higher resistance levels? Share your perspectives and strategies below!"* --- Let me know if this aligns with your view or needs adjustment!
Long
by RBSBALA
EURUSD Next possible move Title *"EUR/USD Intraday Analysis: Buy Momentum Extends | Euro Bulls in Command"* #### **Market Context** *"EUR/USD continues its upward momentum as the U.S. dollar remains subdued amid easing Fed rate hike fears. Positive Eurozone sentiment adds further support to the pair’s bullish tone."* #### **Technical Analysis** *"Today’s buy entry is justified by the following signals: - **Trend Structure**: The pair maintains higher highs and higher lows, solidifying its bullish trend. - **EMA Dynamics**: Prices are trading firmly above the 20 and 50 EMAs, reflecting continued bullish momentum. - **RSI**: Rising above 60, signaling strong buying pressure. - **MACD**: Positive histogram bars are expanding, confirming sustained bullish strength. Key Levels: - **Support**: 1.0560 (intraday), 1.0530 (key support). - **Resistance**: 1.0590 (initial target), 1.0620 (critical level). A break above 1.0620 could fuel additional gains."* #### **News Context** *"Upcoming: Eurozone Retail Sales data and U.S. ISM Services PMI could influence intraday moves. Previous: Friday’s Eurozone data outperformed expectations, while dovish Fed commentary kept the dollar on the back foot."* #### **Call to Action** *"Will EUR/USD maintain its bullish momentum and target higher levels? Share your strategies and market insights below!"*
Long
by RBSBALA
INFY - 3 YEAR LONG CUP AND HANDLE PATTERN BREAKOUTChart Pattern: A 3-year-long Cup and Handle (C&H) breakout is visible, which is a strong bullish continuation pattern. The breakout has occurred above the resistance level of ₹2,000. Key Levels: Target Levels based on the height of the cup: First Target: ₹2,204.75 Second Target: ₹2,437.75 Final Target: ₹2,704.65 Volume Analysis: The breakout is accompanied by increasing volume, confirming strong buying interest. Previous volume spikes indicate accumulation during the handle formation. Moving Averages: Price is trading above the 50-day and 200-day moving averages, which confirms a bullish trend. The moving averages are sloping upward, supporting further price momentum. Momentum & Confirmation: The stock has successfully retested the breakout zone, validating the strength of the breakout. Price action suggests continuation toward the next resistance zones as marked.
NSE:INFYLong
by Profit_Trader25
ADANI GREEN ENERGY: Consolidation Phase with Key Levels to WatcMarket Overview: ADANI GREEN has recently entered a consolidation phase, with price action fluctuating within a defined range. This analysis will examine potential entry points, target levels, and stop-loss placements based on the current technical setup. Technical Analysis: Price Action: The stock has seen a significant drop, but it has recently bounced off a key support zone around ₹1,200. A bearish channel is visible, indicating ongoing pressure but potential for reversal. Key Levels: Support Level: ₹1,200 (recent low) Resistance Level: ₹1,300 (recent high) Volume Analysis: There has been a spike in volume during the last trading session, suggesting increased interest, which could lead to a breakout or further consolidation. Chart Pattern: The chart indicates a descending channel, with potential upward resistance. Watch for a breakout from this pattern to gauge market direction. Trade Setup: Entry Point: Look for an entry if the price breaks above ₹1,250 with strong buying volume, indicating bullish momentum. Target Price: Set a target at ₹1,300, coinciding with recent resistance levels. Stop-Loss: Place a stop-loss at ₹1,180 to limit potential losses, just below the recent support level. Conclusion: ADANI GREEN is at a crucial juncture, and monitoring the breakout from the current consolidation phase will be key. A strong volume break above ₹1,250 could signal a bullish move, while failure to hold the support at ₹1,200 may suggest further downside. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please perform your own research and consider your risk tolerance before making trading decisions.
NSE:ADANIGREENLong
by TradeAXN