USDINRCertainly! Here's a detailed analysis of the chart:
The chart analyses the USD/INR currency pair on a daily timeframe, displaying price movements across several months.
**Current Data:**
- **Price**: 86.3670 INR per USD.
- **Daily High**: 86.5950
- **Daily Low**: 86.3040
- **Open Price**: 86.4320
- **Buy Price**: 86.4170
**Trend Analysis:**
The chart includes multiple trend lines that highlight support and resistance levels. These are crucial for identifying potential reversal points:
- **Support Levels**: 85.2961 and 85.2603
- **Resistance Levels**: 83.9388 and 83.4425
**Technical Indicators:**
- **Stochastic Oscillator**: Shows values of 71.68 (orange line) and 66.27 (blue line), indicating possible overbought or oversold conditions which can signal upcoming market trends.
**Timeframe Covered:**
The data spans from September to February, and the analysis was recorded at 12:44:59 (UTC).
This chart is beneficial for making informed trading decisions by analyzing trend patterns, key support/resistance levels, and market indicators.
Great! Let's dive deeper into the analysis.
### Trend Analysis:
The **support levels** and **resistance levels** provide an understanding of where the price might find difficulty moving further or where it might bounce back from:
- **Support Levels**:
- **85.2961 INR**: A point where there has been significant buying interest before.
- **85.2603 INR**: Another strong support level indicating a price floor.
- **Resistance Levels**:
- **83.9388 INR**: A point where selling pressure has previously been strong.
- **83.4425 INR**: Another price point marking significant resistance in the market.
### Technical Indicators:
- **Stochastic Oscillator**:
- Both orange and blue lines are hovering near overbought territory. This usually suggests that the current upward price trend may be weakening, and the currency pair might be due for a correction.
### Market Insights:
Looking at the data, one can infer that the market has been quite volatile. The recent high values in the Stochastic Oscillator imply that buyers might be losing steam, indicating a possible trend reversal. Observing the support and resistance levels alongside the stochastic values can help predict future price movements and advise on trading actions.
Feel free to ask if there's anything more specific you'd like to uncover in this chart analysis. I'm here to assist you!
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AUDUSD SE;;📉 AUDUSD: Downtrend in Sight – Here’s What You Need to Know!
The AUDUSD pair is flashing bearish signals, pointing toward a potential slide. Here’s a deeper look into the key factors driving the market:
🔍 Key Drivers:
1️⃣ Australian Weakness:
Recent Australian economic data highlights slowing growth and subdued consumer sentiment.
The Reserve Bank of Australia’s cautious stance on rate hikes adds downward pressure on the Aussie dollar.
2️⃣ US Dollar Strength:
The USD continues to benefit from solid U.S. economic data, including strong labor market performance and robust retail sales.
Hawkish expectations from the Federal Reserve are keeping the greenback in demand.
3️⃣ Risk-Off Market Sentiment:
Global uncertainties (geopolitical tensions, economic slowdown fears) are fueling risk aversion.
Investors are flocking to the USD as a safe-haven asset, leaving the risk-sensitive AUD under pressure.
📊 Technical Insights:
Support Levels to Watch: AUDUSD is testing a critical support at . A break below this level could pave the way for further downside.
Resistance Zones: The pair faces strong resistance near , limiting potential upside corrections.
Indicators: Momentum oscillators and moving averages are aligning with bearish sentiment, signaling potential for further declines.
💡 Trading Strategy:
Consider short positions on a confirmed break below .
Set tight stop-losses and monitor key resistance areas for potential pullbacks.
Keep an eye on upcoming events, such as U.S. economic data and RBA announcements, which could influence market direction.
🔔 Stay Updated: Markets are volatile—timely insights are crucial. What’s your take on AUDUSD? Are you bullish or bearish? Let’s discuss in the comments! 👇
EURUSD Let's dive into the analysis of this EUR/USD trading chart. Here's what I'm seeing:
1. **Price Action**: The main chart displays the daily price movements of the EUR/USD currency pair. The candlesticks reflect the opening, closing, high, and low prices for each day.
2. **Downtrend**: There are purple dashed trendlines forming a downward channel, indicating a bearish trend. The "Lower Highs" (LH) annotations confirm this bearish sentiment.
3. **Volume**: The volume bar chart below the price chart shows the trading volume for each day. Higher volume bars on down days can confirm bearish pressure.
4. **Stochastic Oscillator**: This indicator at the bottom shows that the blue line is at 42.89 and the orange line is at 41.22. These values suggest that the market is neither overbought nor oversold but is closer to the middle range.
5. **Key Price Levels**:
- **Current Price**: 1.02881, with a slight decrease of 0.08%.
- **High**: 1.12138
- **Low**: 1.01694
- **Bid**: 1.02879
- **Ask**: 1.02886
6. **Highlighted Area**: The green and red boxes highlight a potential trade setup, with suggested entry, stop-loss, and take-profit levels. This setup could be a good opportunity if you believe the bearish trend will continue or reverse.
Overall, the chart suggests a bearish trend with some potential trading setups. Keep an eye on the volume and stochastic oscillator for signs of any potential reversals. If you need any more detailed analysis or have questions about specific parts of the chart, feel free to ask!
MACD divergence Description. The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries.
Bitcoin Looks Like abc corrective wave in daily tf we can clearly see divergence on 17th December, when the price made higher high and oscillators made lower high. this is a bearish reversal divergence showing the weakness of strength. if the corrective pattern hold than BTC can take resistance at 99,902 till 101153 levels and if it falls than the support as per wave C of the corrective wave stands at 74000 till 73000.
Sundaram Finance Ltd. Chart Analysis The technical analysis of **Sundaram Finance Ltd.** using multiple indicators and features, including **Heikin Ashi candles**, **ATR trailing stops**, **support and resistance levels**, and various oscillators like **MACD** and **RSI**. Here is a detailed breakdown of the key observations:
---
### **1. Price Action and Trend Analysis**
- **Heikin Ashi Candles**:
- The green candles indicate an uptrend, and the red candles indicate a downtrend.
- There is a visible **falling wedge pattern** highlighted during the recent downtrend. A falling wedge is typically a **bullish reversal pattern**, which aligns with the price breakout seen at the end of the wedge.
- **Support and Resistance Levels**:
- Key resistance: Marked in purple (₹5,535.85).
- Key support: Marked in blue (₹3,732.90). The price seems to have tested this support level during the recent downtrend and rebounded.
- **ATR Trailing Stops**:
- The red and green trailing stop lines show dynamic support and resistance. The price has shifted above the green ATR line, indicating a bullish reversal.
---
### **2. Volume Analysis**
- **Volume Spike Indicator**:
- The histogram shows increasing green bars during the upward movement, suggesting strong buying momentum.
---
### **3. MACD Indicator**
- **MACD Lines**:
- The blue and red lines represent the MACD and Signal lines, respectively.
- The bearish divergence marked earlier (when the price made higher highs but MACD made lower highs) indicates weakening bullish momentum, which led to the correction.
- The MACD histogram has turned positive again, signaling a bullish crossover and renewed upward momentum.
---
### **4. RSI (Relative Strength Index)**
- **RSI Lines**:
- The green line represents the RSI value (38.03 currently).
- RSI is moving upwards from the oversold zone, which suggests a possible reversal in the trend.
- Breaking above the midline (50) will further confirm bullish strength.
---
### **5. Pattern Highlight**
- **Falling Wedge**:
- The falling wedge is a strong reversal pattern, and its breakout suggests potential upward movement.
- The breakout is supported by rising volume, adding strength to the pattern.
---
### **Key Insights and Forecast**
1. **Bullish Signs**:
- Price has broken out of the falling wedge pattern with strong volume.
- MACD bullish crossover and RSI moving out of oversold zones support a positive outlook.
2. **Resistance Levels**:
- Immediate resistance at ₹4,450 (marked by ATR and prior consolidation zone).
- Major resistance at ₹5,535.85.
3. **Support Levels**:
- ₹3,732.90 remains a strong support.
4. **Caution**:
- Watch for any pullback towards the support zone, especially if volume weakens or RSI fails to break 50.
---
### **Trading Strategy**
- **Long Position**:
- Enter on a retest of ₹4,000-₹4,100 zone (if confirmed with bullish candles).
- Target 1: ₹4,450 | Target 2: ₹5,535.
- Stop-loss: ₹3,700.
- **Short-term Momentum**:
- Monitor for MACD histogram and RSI strength to sustain.
One Breakout Of All Patterns Together | AGI Greenpac LTD⭕️ Price Action Analysis Alert !!!⭕️
⚡️Investing Opportunity💡
FOR EDUCATION PURPOSE ONLY!!!
1️⃣Company Overview
👉Glass containers for industries like food, beverages, pharmaceuticals, and cosmetics.
👉PET bottles and closures as part of its expanded portfolio in plastic packaging.
👉The company caters to both domestic and international markets, exporting to over 23 countries.
👉In recent years, the company has diversified into new business segments, including premium liquor packaging, real estate, and building solutions under its parent company, HSIL.
2️⃣Technical Analysis:-
✅Ascending Triangle Pattern BO
✅Rising Wedge Pattern BO (Yet to Happen)
✅Channel Pattern BO
✅Trendline BO
✅Double Bottom BO
✅ Supporting 100,200 EMA
🎯The current price indicating a sustained uptrend over the long term
🎯Overall technical indicators such as moving averages and oscillators align with a "strong buy" sentiment for the stock, reinforcing the bullish perspective
⚠️Investors should monitor broader market conditions, as technical indicators are one part of the decision-making process. Always consider fundamental analysis and market news before making investment decisions.
✍️28% YoY rise in Q2 FY25 net profit and improved EBITDA margins to 28%, Its stock recently surged 6.54%, reflecting strong investor confidence
✅Check out my TradingView profile to see how we analyze charts and execute trades.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📍📌Thank you for exploring our idea! We hope you found it valuable.
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False breakdown or beginning of New rally? #RelianceFalse breakout patterns can sometimes signal the beginning of a new trend, and the end of the current one.
like as the chart of reliance the trend breakout at wave 2 suggesting negative bias in the stock signaling trend reversal. However the phycological theory of EWT suggest the possibility of false breakout and beginning of 3rd motive wave.
How should one trade the fake breakouts.
Refer the Strength index and look if the Oscillators suggest neutral or an oversold zone for reversal
Coming on to Reliance: It is important Reliance to sustain above 1371 for the beginning of W3 a rally towards levels of 1800
Long gold at the current levelGold has been in an uptrend on the daily timeframe however, due to the sharp rally in the dollar index over the last two weeks we have seen some pull back in the yellow metal. On the two hour timeframe gold is right now at a good support level and is also having the momentum oscillators oversold . There is a good chance that we see the assumption of the uptrend from this level
XAUUSD on bullish drive slayed down by negative sentimentWith Economic new event as Balance of Trade in favour of USD, Gold has likely taken a small hit. But this small hit shall not surpass the XAUUSD demand zone. Slightly uplifting the price is on records.
The downward bias in Gold prices picks up pace and drags the yellow metal to fresh five-week lows near $2,640 per ounce troy on the back of the persistent march north in the Greenback.
From a technical perspective, any further decline is likely to find some support near the $2,660 zone ahead of the 50-day Simple Moving Average (SMA), currently pegged near the $2,647-2,746 region. Some follow-through selling below last week's swing low, around the $2,643 area, will be seen as a fresh trigger for bearish traders. Given that oscillators on the daily chart have been losing positive traction, the Gold price might then accelerate the fall toward the October monthly swing low, around the $2,605-2,602 region.
On the flip side, momentum back above the $2,700 mark now seems to confront stiff resistance near the $2,718 region ahead of the $2,740-2,745 supply zone. A sustained strength beyond the latter will suggest that the corrective pullback has run its course and lift the Gold price beyond the $2,750 static resistance, towards the $2,758-2,790 zone, or the record high touched on October 31.
Fundamental Overview
Gold price (XAU/USD) adds to last week's heavy losses and remains under some selling pressure for the second straight day on Monday amid the underlying bullish sentiment surrounding the US Dollar (USD). The optimism over Donald Trump's anticipated expansionary policies keeps the USD close to a four-month top touched last week, which, in turn, is seen as a key factor undermining the commodity.
Meanwhile, US President-elect Donald Trump's pledged 10% tariff on all US imports is expected to trigger a resurgence in inflation and restrict the Federal Reserve's (Fed) ability to ease aggressively. This, in turn, remains supportive of elevated US Treasury bond yields and contributes to driving flows away from the non-yielding yellow metal. That said, the cautious market mood could limit losses for the safe-haven XAU/USD.
Traders might also opt to move to the sidelines ahead of the release of the latest US consumer inflation figures and speeches by influential FOMC members, including Fed Chair Jerome Powell later this week. This, in turn, might help limit any further losses and warrants some caution before positioning for an extension of the recent sharp retracement slide from the vicinity of the $2,800 mark, or the all-time high touched on October 31.
Bitcoin: BTCUSD bulls eye $68,700 resistance as key week beginsBitcoin's (BTCUSD) recent gains are under pressure as traders await important data this week, including the US Q3 GDP, Fed Inflation, and Nonfarm Payrolls (NFP). However, optimism about post-US election industry regulations and strong ETF inflows continue to support buyers.
BTCUSD braces for major upside
Although Bitcoin (BTCUSD) buyers take a breather, the prices remain above the key resistance-turned-support, and the oscillators are positive, too, suggesting the cryptocurrency pair’s further advances. That said, the quote’s sustained trading beyond the 100-SMA and month-old horizontal support join bullish MACD signals and an upbeat RSI (14) line, keeping the buyers hopeful.
Key technical levels to watch
Among the important technical levels, a one-week-old descending resistance line surrounding $68,700 gains immediate attention. Following that, the monthly high surrounding $69,490 and the $70,000 threshold will be in the spotlight. It should be noted that the BTCUSD pair’s successful trading beyond the $70,000 hurdle enables the buyers to aim for the yearly high of around $73,800.
Meanwhile, the 100-SMA and aforementioned horizontal support restrict the short-term downside of Bitcoin to around $66,600 and $66,100 respectively. In a case where the BTCUSD prices remain bearish past $66,100, an upward-sloping trend line from early September, close to $63,000 at the latest, will be the final defense of the buyers.
An interesting week for buyers
Despite positive technical and fundamental signals for Bitcoin buyers, key data and events could introduce volatility, leading to month-end consolidation. Bulls should stay cautious, as they are likely to maintain control of the market.
XAUUSD, H4 LongFrom a technical perspective, the overnight breakdown below a short-term ascending trend-channel support could be seen as a fresh trigger for bearish traders. Moreover, negative oscillators on hourly charts suggest that the path of least resistance for the Gold price is to the downside. That said, it will still be prudent to wait for a convincing break below the $2,700 mark before positioning for any further losses. The XAU/USD might then accelerate the corrective decline towards the $2,685 intermediate support en route to the $2,672-2,670 strong horizontal resistance breakpoint.
On the flip side, the ascending channel support breakpoint, around the $2,730-2,732 area, now seems to act as an immediate hurdle. The next relevant resistance is pegged near the $2,750 region, above which the Gold price could resume its well-established uptrend and climb further towards the $2,770-2,775 zone before aiming to conquer the $2768 round-figure mark.
Tesla Robot taxi theme play soon over ?
Strong downturn momentum signal in Elliot wave oscillators in last few session was strong
The next support see at 212.50, target for rebound resistance see at 230.00
If it might arrive this trendline support in next session, RSI shows oversold in 1 hour chart.
The next strong support 200.00-205.00
Zinc Mini retest of the bearish head and shoulders necklineZinc Mini is now retesting the neckline of the head and shoulders pattern. It is now again starting another leg of down move which could take it much lower given that the oscillators are already in the over-bought zone on the higher timeframes as well. Could be a potential short selling point
trendline breakout SAIL Ah, the exciting world of trendline breakouts! 📈 Let’s dive right in.
A trendline breakout occurs when the price of an asset decisively breaks through a trendline on a chart. It’s like the market saying, “Hey, I’m ready to change direction!” 🚀
Here’s the lowdown:
What’s a Trendline?
A trendline is a diagonal line drawn on a price chart to represent the trend. When the price is rising, we connect the rising swing lows with an upward-sloping trendline. Conversely, when the price is falling, we link the descending swing highs with a downward-sloping trendline. And when the market is just chillin’ sideways, the trendline is more horizontal, indicating a range-bound market. 📉📈
Breakout Magic:
Picture this: You’ve got your trendline, and suddenly, the price bursts through it like a kid breaking free from a game of Red Rover. That’s a trendline breakout! It signals a potential shift in market sentiment. 🎉
When a breakout happens, traders pay attention. It could mean a new trend is forming, and they might want to hop on board or adjust their existing positions. 🚢
Confirmation Matters:
Now, we’re not just relying on trendlines alone. Smart traders look for confirmation. Is the breakout accompanied by increased trading volume? Are other technical indicators (like moving averages or oscillators) giving a nod of approval? 🕵️♂️
If the stars align, it’s go time! 🌟
Strategies Galore:
There’s no shortage of ways to play trendline breakouts:
Breakout Trading: When the price breaks above or below a trendline, you can enter a trade in the direction of the breakout. 📊
Price Bounces: Sometimes, the price retreats to the trendline after a breakout. If it bounces off that line like a rubber ball, traders might see it as a buying or selling opportunity. 🎾
Reversals: Trendline breakouts can also signal trend reversals. Imagine the trend doing a graceful pirouette. 🩰
TD Line Breakout (Fancy Stuff):
Ever heard of the TD Line? It’s like the James Bond of trendlines. To create a TD trendline breakout, you connect recent pivot highs (those surrounded by 1, 2, or 3 lower highs) to the next pivot high with a similar setup. It’s all about consistency! 🕶️
Backtesting and Beyond:
Traders love to backtest their strategies. They’ll look at historical data to see how trendline breakouts performed. It’s like checking if your crystal ball was accurate in the past. 🔮
So, my trend-savvy friend, keep an eye on those trendlines. They’re like the secret whispers of the market, revealing its intentions. And remember, even if you’re not a trader, you can still impress your friends at parties with your newfound trendline knowledge! 🎩✨
Galaxy Surfactants is showing signs of breaking its ATHSupport Level: The stock has found strong support around ₹3,045, a price zone where buyers have stepped in multiple times, forming a solid base.
Resistance & Breakout Potential: The stock is near its all-time high around ₹3,600. A breakout above this level could trigger a strong upward momentum, as there's no prior price action to offer resistance beyond this zone.
Risk-Reward Ratio: With a Risk-Reward Ratio of 1:10, the stock offers an exceptional opportunity. This means that the potential gain is 10 times the amount risked, making it a favorable entry for risk-averse traders.
EMA Confluence: The stock is trading well above key moving averages — 21 EMA and 200 EMA — signaling strong bullish momentum. The 21-day EMA is providing short-term support, indicating that buyers are in control.
Volume Spike: Increased trading volumes suggest strong interest in the stock, often a precursor to a big price movement. A notable spike in volume alongside price action can confirm a potential breakout.
Momentum Indicators: Momentum oscillators like RSI (Relative Strength Index) are likely pointing to a continuation of the bullish trend. If the RSI approaches overbought levels, it might indicate strong buying pressure.
Overall View: Based on these technical indicators, Galaxy Surfactants is showing signs of breaking its all-time high, offering an attractive opportunity with a strong Risk-Reward Ratio of 1:10. If it breaks above ₹3,600, we could see a continuation of the bullish rally.
USDJPY: Sellers remain in driver’s seat despite BoJ’s status quoEarly Friday, USDJPY reverses the previous day’s run-up to the highest level in a fortnight as the Bank of Japan (BoJ) leaves monetary policy unchanged, as expected.
Oscillators, technical hurdles push back buyers within falling wedge
USDJPY recently reversed from a six-week resistance level, and the RSI is pulling back while the MACD shows signs of a bearish crossover, which keeps sellers optimistic. Additionally, the price remains below the 200-Exponential Moving Average, making it harder for Yen buyers. However, a bullish falling wedge pattern that has formed since early August could encourage buyers.
Technical levels to watch
The USDJPY pair's drop from a key resistance level, along with weak indicators, suggests sellers will target below 142.00. Key levels to watch are the psychological mark at 140.00 and the monthly low around 139.55. If buyers can’t hold above the falling wedge's bottom near 139.30, the price could drop to the mid-2023 low around 137.20.
On the flip side, the 1.5-month-old horizontal resistance area near 143.70-144.00 appears a tough nut to crack for the USDJPY bulls. Following that, the quote’s quick jump toward the stated bullish wedge’s top line around 145.00 can’t be ruled out. If the price stays above 145.00, it could aim for 156.00, but breaking the 200-EMA at 145.30 is essential for that rally.
What next?
Given the monetary policy divergence between the US Federal Reserve (Fed) and the Bank of Japan (BoJ), as well as the quote’s sustained trading below the key resistances, the USDJPY sellers are likely to have some more days to cheer.
LTC processed gains of more than 32%Over the daily chart, the price has built a yearly high of $112 by April 1st, 2024. The price of LTC fell, which formed a support this month at a historically proven support zone of $50, after dipping as low as $49.90 by August 5th.
Last two weeks the price of LTC processed gains of more than 32%. It traded at $65.48, with intraday growth of nearly 4%. The price has launched a projectile toward the long-coming down dynamic trendline and seems poised to pierce the EMA bands from below.
Similarly, as observed by other oscillators on the daily chart, it's evident that the price seeks more growth. As MACD showed a bullish cross, where the histogram was at 0.71, and the RSI curve has taken support on 14-SMA at 50.98.
Over the daily chart, the confirmation could be achieved for further propulsion in price, based on the sustenance developed above the CHoCH level of $74.
Over the daily structure, short-term targets can be achieved if a breakout prevails. Based on the Fibonacci retracement tool, the targets could be at $115, $145, and $176, respectively
A good buy Escorts CMP 3687
Elliott- thats a zig zag corrective pattern and is complete in my view.
Oscillators- a positive close on Monday will confirm the positive divergence on the RSI and composite. The extreme indicator is also at support.
Trendline and MA support at the zone is further cementing the zone.
In my view its a very good buy for trading and investing.
Is UPL investment worthy at 530?Disclaimer: This discussion is meant to be educational in nature and not a recommendation as I'm not a certified analyst.
Fundas: Midcap (₹40Kcr), 2nd largest Indian co. in pesticides and agrochems (PI Ind is no.1 at ₹60Kcr), Fitch outlook negative, UPL board itself announced recovery in fy25
Next trigger is upcoming qrtrly results. Expect weak results. Global outlook not great. Budget was non-event. No HNI holds it, but several MFs do hold. Local market is looking for a bottom.
Price Movements: From Jun21 to Aug23 (26 months), UPL stayed in a box from life-hi 864.70 to apprx 622. Then qtrly results ending Sep23 came and the management comments were not encouraging. The waterfall drop took it to 527 -> 615 -> 452 (see black arrows). The downward channel support at 452 as marked was respected and on 6Jun24 (6 wks ago) UPL broke out of 527 which also happened to be the channel top. What a coincidence, huh? From the low of 452 the stock rose to 580 (128 points or 28% rise). That makes 452 a "sure buy level."
Technicals: CMP is 530 as I write this on 25July 1pm. The oscillators point to further possible downside from here. Price is hovering around 527 which is a good support level, but the odds are that it may not hold after the results.
If a strong negative cue materialises (earnings, global, ???) then UPL may break 527 support. In that case it is likely to dip to 518 (20SMA) -> 500 -> 489 level (which is near the channel top). Below 489 it could retest 452 level but unlikey.
LT Targets (min 2yrs till Sep26):
530 -> 580 -> 610-622 -> 660 -> 700
Smash the booster rocket if you like this effort.
Use comments to let me know what you think.