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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
Banknifty Intraday TradeSetup for 04-09-2023Banknifty important levels to watch are as follows #Support: 44400 Sell below: 44400 only on 15 minute candle closure below the level. Target 1: 44200 Target 2: 43960 #Resistance: 44570 Buy Above: 44570 only on 15 minute candle closure Above the level. Target 1: 44740 Target 2: 44960 #Demand Zone: 43700-43950 may act as a strong buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 44820-44960 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
Successful gapup trade in nifty50On June 27, a successful gap-up trade occurred in the Nifty50, which is an index representing the top 50 companies listed on the National Stock Exchange of India. A gap-up marketing refers to a situation where the opening price of a security is significantly higher than its previous day's closing price, resulting in a "gap" on the price chart. In this particular trade, the Nifty50 index opened with a substantial gap-up, indicating strong buying interest and positive market sentiment right from the opening bell. This gap-up could be attributed to various factors, such as positive global cues, favorable economic indicators, or specific news related to the companies comprising the index. Traders and investors who could capitalize on this gap-up trade had an advantage as they entered the market at a higher price than the previous day's close, potentially leading to immediate profits. They may have executed their trades by buying Nifty50 index futures, index exchange-traded funds (ETFs), or individual stocks from the constituent companies. Successful traders may have employed various strategies to maximize their gains during this gap-up trade. Some common approaches include trend-following techniques, breakout strategies, or using technical indicators to identify potential entry and exit points. Risk management practices, such as setting stop-loss orders or trailing stops, would have been crucial to protect against adverse price movements. Profit-taking decisions would have varied among traders based on their trading plans and risk appetite. Some may have chosen to exit their positions quickly to secure immediate gains, while others could have adopted a more patient approach, aiming for higher price targets as the market trend continued to remain positive. It's important to note that the success of a gap-up trade depends on various factors, including the trader's skill, market conditions, and the ability to adapt to changing circumstances. Additionally, trading in the stock market involves risks, and past performance is not indicative of future results.
NSE:NIFTY
by chauhankuldeep7083
1
$DUSK-USDT : A Comprehensive overview ?Dusk Network is a privacy-oriented blockchain platform designed to enable secure and scalable decentralized applications. As an investor or trader interested in Dusk/USDT, it is important to analyze the price movements and identify potential opportunities. 1. Primary Support: 0.0950- 0.1050 USDT This range has historically shown strong buying interest, with traders actively entering positions. If the price of Dusk/USDT approaches this support level, it may present a potential buying opportunity. 2. Primary Resistance: 0.1300-0.1330 USDT This range has historically acted as a significant barrier to further price appreciation. Traders should closely monitor the price action around this level. 3. Fakeouts:- 0.0750-0.0760 USDT In the case of Dusk/USDT, a potential fakeout zone exists between 0.0750-0.0760 USDT. Traders must exercise caution and wait for confirmation before entering trades during such periods of heightened volatility. #PLAN YOUR TRADE AND TRADE YOUR PLAN.
Long
by KingCharts
HOOK/USDT:- SITTING AT CRUCIAL SUPPORT FOR BAG?BUYZING ZONE:- The price of HOOK/USDT has established a strong buying area between 1.1073 and 1.1384 USDT. Traders can consider this range as a favorable zone for accumulating positions in HOOK/USDT, anticipating a potential price increase. Target Area: Based on our analysis, we have identified an optimistic target area between 1.18000 and 1.9000 USDT. However, it's important to regularly monitor the price action and adjust your strategy accordingly as the market dynamics evolve. Stop Loss Recommendation: To mitigate potential losses, we suggest placing a stop loss at 0.9950 USDT. This level represents a critical threshold where traders can limit their downside risk and protect their capital in case the price of HOOK/USDT moves against their positions. Conclusion: In conclusion, the technical analysis of HOOK/USDT indicates a favorable buying area between 1.1073 and 1.1384 USDT, suggesting potential opportunities for traders to accumulate positions. Our target area, ranging from 1.18000 to 1.9000 USDT, presents potential profit-taking levels. However, it is crucial to set a stop loss at 0.9950 USDT to mitigate potential losses and protect your investment. Stay updated with our Trading View profile for more published ideas and timely updates on HOOK/USDT, ensuring you stay ahead of market trends and make informed trading decisions. Remember to conduct your own research, monitor market conditions, and adjust your strategy as needed. Happy trading!
Long
by KingCharts
All Ranges and Zones of nifty in Neat format (Helps setup trade)These are robust and precise support and resistance levels for the Nifty index in the upcoming days of June. They provide you valuable insights on potential selling and buying opportunities. I have dedicated significant time to create clear and organized graphics and levels, allowing you to relax and focus on generating setup ideas instead of scrutinizing the levels. I have included three types of analysis for your reference. 1) Trend Line (Starting from March28th) 2) Supply and Demand Zone (Support/Resistance) (Two major levels1 Resistance Level if breaks then lead to 19k or Console around18800) 3) 50% Correction of trend according to Fibonacci Retracement law (18333 might work as strong buy zone in coming days on 3rd of may a good demand was shown at this point and this same zone as became now 50% of rally started on may 3rd and ended at 18662 on 30th May, 18040-18662 50% = 18333 around) Hope this detail data might help you understand graphic and technical analysis more better way, thanks and make money guys...
NSE:NIFTY
by SubiFoa
Silver UP move after completing 3 Waves CorrectionOn Weekly Basis: Silver completed its correction from USD 12 to 29 in its Grand Wave. There is a support at 23.35 and 22.15 on weekly charts. Grand Correction Wave A, B and C is over in Silver which started in August 2021. B Wave got over in Feb'22 and C Wave got over in August,22. One can be cautiously optimistic and it provides a good choice to buy at 23 or current level with a target of 34 which becomes a strong buy from long term point of view. There is a golden cross over at 200 DMA, happened in December'22. It has come out of oversold position to neutral zone. RSI was deeply oversold in July'22 before showing the signs of bottoming out in October'22. Now it has broken the downward trendline and correcting sideways at 23.50 to 24.50 levels. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:SILVERLong
by AnkurSharda3