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NBCC Potential Channel Breakout: Targeting 180Timeframe: Short to Medium Term Technical Analysis: NBCC stock has been trading within a defined channel pattern for the past few months, with clear resistance around the 132 level and support near 100. Recent price action suggests a potential breakout above the resistance level at 132, indicating bullish momentum. Volume analysis supports the breakout, as increasing volume accompanies the upward movement, indicating strong buying interest. Moving averages such as the 50-day and 200-day moving averages are also indicating a positive momentum shift, with the shorter average crossing above the longer average. Trade Idea: Entry: Buy NBCC above 132. Stop Loss: Set a stop loss below the breakout level to mitigate risk, around 127. Take Profit: Targeting a move towards the upper channel boundary, aiming for a price level near 180. Risk/Reward Ratio: Evaluate the risk-reward ratio to ensure it aligns with your trading strategy. Note: Monitor the price action closely for confirmation of the breakout. Keep an eye on overall market conditions and sector trends for potential impacts on the trade. Adjust stop loss and take profit levels according to your risk tolerance and trading objectives. This trade idea is based on technical analysis and assumes no significant changes in market conditions. Always perform your own analysis or consult with a financial advisor before making investment decisions.
NSE:NBCCLong
by CyborgTradingHub
SBIN Long Trade IdeaThe CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals. The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
NSE:SBINLong
by Chamleo
2
Gold price today: Needs adjustment!Updated Gold Market Report: During the Asian trading session, gold (XAU/USD) has attracted strong buying interest, partly recovering from the previous sell-off, with the price currently at $2,150. The surge in US Treasury yields, driven by higher-than-expected US consumer inflation in February, has increased the value of the US dollar and put downward pressure on gold prices. The recovery in the US stock market has also led to a shift of funds away from gold, a safe haven asset. Personal perspective: The decline in gold following yesterday's CPI report is a positive development. The price correction not only creates an opportunity to buy at a better price but also enhances liquidity and accumulation prospects for the market.
OANDA:XAUUSDShort
by RKarina
Gold price increased dramatically at the end of the week!Hello dear friends, let's review the gold prices of the past week and discuss new strategies for the upcoming week with Kevin! During the beginning of the week, gold prices remained relatively stable, mainly moving sideways around the $2030 mark with a resistance level at $2035. However, in the last two days of the week, gold gained strong buying momentum and broke through some significant resistance levels, continuously rising from $2025 to $2088 and currently pausing at $2082. The international financial market has received economic updates from major economies such as the United States, Europe, and China. As a result, investors have been actively buying precious metals to protect their capital, pushing gold prices to the highest level in months. Looking ahead to the next week's strategy: Based on chart analysis, gold has surpassed the $2065 resistance level and is approaching $2090, but it is encountering some limitations as indicated on the chart. It is expected to experience a slight retreat as the new trading week begins, with a projected range of 0.5 - 0.618 Fibonacci retracement (which means testing the new support area around $2065 and testing the 34 and 89 EMA lines as the price has gone too far). Wishing you all successful and enjoyable trading!
OANDA:XAUUSD
by RKarina
ADVANI HOTELS - ready for multibagger gainsADVANI HOTELS is a hotel stock listed on the indian stock exchanges. It was initially known as RAMADA INDIA LTD, then changed its name to ADVANI HOTELS. The company was formed by Advani's in collaboration with Ramada International. Technical part : all time high registered after adjustment of splits is 106 and all time low is 20. 106 was in the year 2007. now in 2023, the stock has closed above this level at 110.35, and may see some strong buying from institutions or HNIS leading to some serious changes happening in the company so that the price may touch 200-300 levels after this prolonged period of 16 years since 2007. The buying zone comes at 90-110 keeping stoploss at 75 for multibagger gains. Thanks
NSE:ADVANIHOTRLong
by jai9195
2
How is gold price traded today?Hello dear friends, let's explore the price of gold together! Regarding the developments and outcomes of the news on January 22nd: The price of gold experienced significant fluctuations, mainly trending downwards. This is due to the strengthening of the US dollar as the Federal Reserve is unlikely to cut interest rates in March. As a result, investing in gold becomes more expensive due to higher interest rates. Conclusion on gold and trends: The price of gold is tied to a narrow range, trading around $2,021 in the Asian session on Tuesday. The market becomes cautious ahead of a busy week with policy meetings from central banks. The "buy on dips" trading strategy for gold continues as long as the significant static support level of $1,980 is maintained. Evidence shows that the price is forming a cup pattern as we have indicated on the chart. The upward trend could strengthen further if strong buying pressure is received from this support level.
OANDA:XAUUSD
by RKarina
Borosil Renewables Ltd: Bullish Breakout Signals Analysis: The provided chart of Borosil Renewables Ltd. on TradingView suggests a bullish breakout with potential for further upside. Here's a breakdown: Current price: ₹608.75, up 7.45% from the previous close Breakout: The stock decisively broke above the resistance level of ₹528.75, Volume: Increased volume at the breakout point confirms strong buying pressure, supporting the bullish momentum Moving averages: The price sits comfortably above both the 20-day and 50-day moving averages, indicating a potential trend reversal Trading Idea: Long position: Consider entering a long position if the price sustains above the breakout level (₹528.75) with continued buying pressure. Target prices: Potential targets could be around ₹640 and ₹685, based on chart patterns and Fibonacci extensions. Stop-loss: Place a stop-loss order below the breakout level (₹528.75) to manage potential downside risk. Additional notes: While the technical analysis paints a bullish picture, remember that the stock market is inherently volatile. Always conduct your own research and consider fundamental factors before making investment decisions. This analysis is intended for educational purposes only and should not be construed as financial advice. Overall, Borosil Renewables Ltd.'s recent breakout presents a potentially lucrative opportunity for traders seeking long positions. However, practicing cautious risk management and thorough research is crucial before entering any trades. I hope this analysis is helpful! Feel free to ask if you have any further questions. Additional notes: While the technical analysis paints a bullish picture, remember that the stock market is inherently volatile. Overall, Borosil Renewables Ltd.'s recent breakout presents a potentially lucrative opportunity for traders seeking long positions. However, practicing cautious risk management and thorough research is crucial before entering any trades. I hope this analysis is helpful! Feel free to ask if you have any further questions. Disclaimer: I am not a financial advisor and this analysis is not financial advice. Please do your own research before making any investment decisions.
NSE:BORORENEWLong
by TRADING-NASA
A stock for momentum traders!Quickheal has given a trendline breakout today with very heavy volumes. Stock has also managed to close above 61.8% fib retracement which clearly indicates a strong buy signal. However, the SL for positional traders is very far below 230 DCB. A retracement is favourable for short term traders. Best buy level can be 250-255 for targets of 330+. However, risky momentum traders can look for quick 5% returns at CMP. Stock might touch 295 levels in this momentum. Idea shared for educational purposes!
NSE:QUICKHEALLong
by chartistamey
1
Dow Jones Industrial Averageoverview of the Dow Jones & Fed meeting. The Dow Jones Industrial Average, often referred to as the DJIA or Dow 30, is a stock market index that monitors the performance of 30 large, publicly traded blue-chip companies listed on both the New York Stock Exchange (NYSE) and Nasdaq. Originally formulated in 1896 by Charles Dow and Edward Jones, this index serves as a pivotal benchmark for assessing the overall health of the United States economy, Fed meeting trigger a new all-time high for the Dow Jones Industrial Average: Highlights of meeting- 1. The Federal Reserve maintained unchanged interest rates for the third consecutive meeting. 2. The US Federal Reserve revised its growth and GDP estimate upward, indicating a more optimistic view of the economy's expansion potential. 3. Federal Reserve officials anticipate a reduction in rates by 75 basis points in the upcoming year. Impact of Fed meeting. 1. Dow Jones made a new all-time high. 2. Decline in the dollor index . 3. Sharp fall in US 10 year paper from 4.20% to 3.94% . 4. Strong buying in Bullions (Gold & Silver) . 5. Buying in base metals. DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
TVC:DJI
by mayur1630
Nykaa- Wyckoff AccumulationThe stock has broken out📈 of 11 months long consolidation or Wyckoff accumulation phase as Wyckoffians calls it. There are many signs of strength which signify a potential change in trend from downtrend to an Uptrend. ⚡We all are familiar with what is called a down trend📉. A downtrend simply means lower lows and lower highs in the price structure. In this chart we can observe a shift in structure from LL-LH to a HL-HH. ⚡In more simpler terms, the price just managed to jump🏋️‍♂️across the resistance by breaking recent swing highs. ⚡Not only it broke above the resistance, but it did with huge volume💪 also. This is telling us about the strong buying interest by the traders and investors🧐. ⚡Also notice higher volume on Up days than on the Down days. This is another indication of accumulation going on since Jan 2023. ⚡The price has been holding above the breakout level (see blue rectangular area on the chart). It's not uncommon for the price to pullback to retest those levels and then resume on the upside. ⚡Pullbacks should be considered as a buying opportunity as long as the stock holds above the breakout level. I hope this idea will add to your learnings. Keep boosting🚀for more educational ideas in future.
NSE:NYKAALong
by Bravetotrade
2