XAUUSD MONDAY MARKET OPENING PROJECTION 26.01.24he chart illustrates an analysis of Gold Spot (XAU/USD) on a 1-hour timeframe, with a detailed projection for Monday's market opening on January 26, 2025. Key elements of the chart include:
Price Levels:
Current Price: $2,770.885.
Target Price: $2,785.816.
Stop Loss: $2,755.726.
Support Level: Around $2,766.852, marked by a 38.2% Fibonacci retracement line.
Technical Indicators:
Stochastic Oscillator (5,3): Indicates oversold conditions, with values of 16.24 and 20.94.
Relative Strength Index (RSI): Shows a neutral reading of 52.22, suggesting no strong directional bias.
Projection:
The blue arrow anticipates a bullish movement from the current price toward the target price after a potential bounce near the $2,766.852 support zone.
A bearish scenario is mitigated with a stop loss at $2,755.726.
Context:
The analysis implies a buying opportunity around the support zone, aiming for a potential upward move.
This chart represents a calculated setup for traders, combining Fibonacci levels and momentum indicators to define a strategy for Monday's market session.
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GBPUSD Long Trade Setup📊 GBP/USD Long Trade Setup
📌 Entry Price: 1.24553
🎯 Take Profit: 1.34004
🛡️ Stop Loss: 1.19827
This long trade setup on GBP/USD is based on a key support level around the entry price of 1.24553, where the price has shown historical buying interest. The stochastic indicator is currently in the oversold zone, indicating a possible reversal to the upside. The take profit is set near a previous resistance zone at 1.34004, while the stop loss is placed below recent lows at 1.19827 for risk protection. This setup provides a favorable risk-to-reward ratio, aligning with technical confluences. ✅
Sensex // Levels As of January 2, 2025, the S&P BSE Sensex Index is trading at 79,204.16 INR, reflecting a 0.47% increase over the past 24 hours.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: 78,018
S2: 77,529
S3: 77,160
Resistance Levels:
R1: 78,877
R2: 79,246
R3: 79,735
These levels suggest that if the Sensex declines below the immediate support at 78,018, it may find the next support at 77,529. Conversely, if it rises above the immediate resistance at 78,877, it could encounter the next resistance at 79,246.
Additionally, the Relative Strength Index (RSI) is at 66.391, indicating a buy signal, while the Stochastic Oscillator is at 99.408, suggesting overbought conditions.
Sensex Support & Resistance As of December 28, 2024, the S&P BSE Sensex closed at 78,723.97, marking an increase of 251.49 points (0.32%) from the previous close.
INVESTING
For the upcoming trading session, the following support and resistance levels have been identified based on pivot point analysis:
Resistance Levels:
R1: 78,851.64
R2: 78,919.22
R3: 78,969.83
Support Levels:
S1: 78,733.45
S2: 78,682.84
S3: 78,615.26
These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 49.395 (Neutral)
Stochastic Oscillator (STOCH): 99.69 (Overbought)
Moving Averages:
MA5: 78,798.58 (Simple), 78,765.87 (Exponential)
MA10: 78,720.44 (Simple), 78,742.36 (Exponential)
MA20: 78,665.66 (Simple), 78,709.36 (Exponential)
MA50: 79,003.86 (Simple), 79,157.16 (Exponential)
These indicators suggest a neutral to slightly bullish trend in the short term.
Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
Eyes on Life Insurance Corporation of India (LICI)!!!This idea highlights a potential buying opportunity in Life Insurance Corporation of India (LICI).
Key observations:
- The stock has experienced a 28% decline from its recent high, entering a key support zone.
- The Stochastic Oscillator is below 20, indicating oversold conditions and the possibility of a reversal.
Trade setup:
- Entry: ₹895
- Stop Loss: ₹856 (below the support zone to limit risk)
- Take Profit: ₹1194 (targeting a significant rebound)
This setup combines price action, support zones, and oversold signals to identify a high-probability long trade. Always perform your due diligence and risk management before entering a trade.
TECHNICAL TRADING CLASS 1Technical traders use unusual options activity as a signal to identify potential trading opportunities. They analyze the options data to determine whether there is a significant change in demand for a particular underlying asset and whether this is likely to result in a price movement.
The Relative Strength Index (RSI)
Moving Average Convergence Divergence (MACD) Indicator.
The Stochastic Oscillator.
Fibonacci Retracement.
Parabolic SAR.
Screener Plus.
Thinkorswim.
Slope of Hope.
Ujjivan Small Finance Bank to Go up in Mid Term and Long TermUjjivan Small Finance Bank has crossed its resistance trendline. Considering the fundamentals, the bank may struggle in mid term but a uptrend following the breakout is very likely in the near future.
Monthly Stochastic RSI also suggests that the stock is oversold right now, which indicates a reversal in a few months.
Nifty Forms an Inverse Head and Shoulder PatternNifty 50 index has formed an inverse head and shoulder pattern. Its not a perfect pattern, but it meets most of the criteria to be considered an inverse head and shoulder, the second shoulder is a little shorter.
But the Stochastic RSI indicator suggests, that the Nifty is in oversold zone on the daily charts, this could mean a downfall in the short term. Such a downfall would also result in a more perfect inverse head and shoulder being formed and then the final reversal.
So what is likely to happen in the next few days to nifty? A Downfall or sideways movement for 3-4 day period, followed by a breakout and uptrend.
Things to Note - December is a month where FIIs usually sell. But since they have already sold so much, the likely hood of more selling is less. So it also confirms with the pattern formation that Nifty is likely to end up in Green in December.
Will gold continue to rise strongly next week?
Review of recent trends:
The gold market showed a significant reversal this week. Following last Friday's consecutive negative declines, gold prices rebounded strongly this week, rising for five consecutive days and quickly recovering lost ground.
After falling from 2710 last week to 2536, prices rose again this week, indicating that market sentiment is changing rapidly, especially driven by geopolitical factors.
Fundamental impact:
Geopolitical tensions: The Russia-Ukraine conflict and the escalation of tensions on the Korean Peninsula are key factors driving the rise in gold, and rising demand for safe havens is the main driving force behind the surge in gold prices.
Korean Peninsula: North Korean leader Kim Jong-un said he currently faces the risk of nuclear war, which intensified the market's risk aversion and pushed gold prices higher.
If these uncertainties continue to ferment, gold may break through the $2,800 mark before the end of the year.
Technical analysis:
Daily K-line chart:
A golden cross appears on the daily chart, which is a typical bullish signal and there is still room for growth in the short term.
Five consecutive positive lines indicate that bulls have strong momentum, and the price has broken through the central axis of 2690, and may continue to test higher prices upwards.
4 hour chart:
The trend shows a stepped slow bull shape, with shocks running upward.
Both Stochastic and MACD are in golden cross status, showing continued upward momentum.
Key pressure ranges: 2750-2760, 2790. If these pressure levels are exceeded, gold prices may rise further.
Support range: 2700-2690. If the price pulls back here, strong support may be formed.
Operation strategy:
Retracement to go long: If the gold price pulls back to around 2710, you can consider going long, with targets at 2728, 2740, and 2756.
Shorting on rebound: If the price rebounds to 2728, 2740, 2756, etc., you can go short in these areas.
Support zone operation: If the price falls back to around 2706, 2700, and 2692, you can go long in batches and use the support level to find entry opportunities.
Outlook for next week:
Gold's short-term trend remains bullish, especially on the technical front, with a golden cross and upward momentum showing the potential for continued gains.
In terms of fundamentals, geopolitical risk factors still have a greater impact on the market, and gold is expected to continue to be the first choice for safe-haven funds.
The key price ranges for next week are: support level: 2700-2690; pressure level: 2750-2760, 2790. If it breaks through to the upside, gold may challenge the high of $2,800.
In general, the short-term trend of gold next week is bullish, but we also need to be wary of price shock adjustments near key pressure levels.
Gold Sell At Key Resistance @2618-2620
🔶After the gold daily line experienced a 6-day adjustment and decline, the short-term downward trend has eased, and there are signs of stabilization and rise. The stochastic indicator (KDJ) is at a low level, although it is temporarily blunted, but the further downward space is limited. The MACD indicator double-line adhesion is downward, and the kinetic energy column is gradually shortened, reflecting the weakening of the downward momentum, and the daily line shows the possibility of stabilization and rebound. The daily chart shows that gold has the technical conditions for rebound correction after completing the phased adjustment.
🔶The 4-hour chart shows that gold has maintained a good upward momentum after breaking through the previous row of pressure belts. In the short term, prices are expected to continue to rise, but attention should be paid to the confirmation of the retracement after the breakthrough.
🔶Gold has currently broken through the 2600 integer mark. If it can break through and stand firm on the 2620 key pressure level, it will open up further upward space, with the target pointing to the 2627 high point, and even gradually testing the annual average line. However, it should be noted that if 2620 fails to break through effectively, gold may fall under pressure again, and the key support below is around 2580-2582. If 2580 is lost, the rebound correction will end, and the market may enter a situation of shock consolidation or downward pressure.
🔶The current price is in a stage of small fluctuations at a high level. There may be a trend of pulling up again after a retracement confirmation in the late trading.
The upper resistance focuses on the 2618-2620 area. If it breaks through and stabilizes, it will further open up the rebound space.
The lower support focuses on the 2580-2582 area. This is the key area for retracement confirmation. Once it is effectively defended, the bullish rebound trend can continue.
🔶Evening trading strategy
🔴Go long on retracement:
Refer to the 2580-2582 area to enter a long order, set the stop loss below 2575, and target the 2600-2610 area. After breaking through, continue to look at 2620-2627.
🟢Go short on rebound:
If the price encounters resistance and pressure in the 2618-2620 area, you can arrange a short order with a light position, set the stop loss above 2625, and target the 2600-2590 area.
🔴Risk Warning
In the short term, pay attention to the price reaction to the 2620 pressure level during the US trading session. If it stabilizes, the bulls will continue; if it is repeatedly under pressure, it may return to range fluctuations.
Stop losses must be strictly set during operations to avoid unnecessary losses due to sudden price fluctuations.
The current trend of gold is bullish, but it is necessary to pay attention to the gains and losses of key resistance and support levels to confirm the subsequent direction.
Be aware trend reversal of KLCI index
Based on the Fibonacci time zone, KLCI will soon arrive 55th days since it retraced from the peak on 29 Aug 2024, the next few sessions will be the important turning point.
Hopefully KLCI index might find support at 1570 with MA 250
Stochastic RSI below 20 on weekly chart shows a possibility of uptrend rebound soon
The yellow box in the past might be repeat with 1580 support and target 1700 in near term.
Jublilant Foodworks Ltd Price Trade Above 50 EMAPrice is trading above 1 month and currently results are also good so price action and volume is high and above average. Jubilant Food had earlier done a trendline breakout, now it has reset and hit a reversal from there. JUBLFOOD our entry level is 630 Stop loss 600 and target 700 second target 800.
Price trades above 50 EMA and RSI above 60. Stochastic and MACD Positive Crossover.
Strong buy : Double screen setupHere’s my analysis : RSI and Stochastic indicators are signaling a strong buy, with a clear Inverted Head & Shoulder breakout. The chart highlights the target areas. Please remember, this is shared solely for educational purposes in technical analysis. Thanks for checking it out, and follow me for more insights!
This is not a trade signal or call. I’m sharing my technical analysis purely for educational purposes, aiming to improve my own skills and to provide insights into technical analysis for anyone interested. Use this information responsibly and make trading decisions at your own discretion
Day Timeframe : MACD - RSI - Stoch = Strong buy
Daily - RSI & Stoch = Strong Buy
Candle - Bullish Candle
Volume - Above Average
EMA - Positive Crossover
Chart Pattren - Inverted head & shoulder
FIB Retricement - N/a
Divergence - N/A
Strong Buy NCC LTD - Double Screen ConfirmationHere’s my analysis on NCC LTD : RSI and Stochastic indicators are signaling a strong buy, with a clear Inverted Head & Shoulder breakout. The chart highlights the target areas. Please remember, this is shared solely for educational purposes in technical analysis. Thanks for checking it out, and follow me for more insights!
This is not a trade signal or call. I’m sharing my technical analysis purely for educational purposes, aiming to improve my own skills and to provide insights into technical analysis for anyone interested. Use this information responsibly and make trading decisions at your own discretion
Day Timeframe : MACD - RSI - Stoch = Strong buy
Daily - RSI & Stoch = Strong Buy
Candle - Bullish Candle
Volume - Above Average
EMA - Positive Crossover
Chart Pattern - Inverted head & shoulder
FIB Retracement - N/a
Divergence - N/A
Wave Confirmation = Strong BuyHere’s my analysis on Jubilant, RSI and Stochastic indicators are signaling a strong buy, with a clear flag breakout and a healthy 30% retracement. The chart highlights the target areas. Please remember, this is shared solely for educational purposes in technical analysis. Thanks for checking it out, and follow me for more insights!
Weekly Timeframe : MACD - RSI - Stoch = Strong buy
Daily - RSI & Stoch = Strong Buy
Candle - Bullish Candle
Volume - Above Average
EMA - Positive Crossover
Chart Pattern - Flag & Pole BO
FIB Retracement - 30%
Divergence - N/A
This is not a trade signal or call. I’m sharing my technical analysis purely for educational purposes, aiming to improve my own skills and to provide insights into technical analysis for anyone interested. Use this information responsibly and make trading decisions at your own discretion
Long Trade---HDFC farming Cup & handle in daily TimeframeLong trade - Below are the confirmation points
1. Monthly & Weekly : MACD = Buy
2. Daily : RSI and Stochastic = Strong buy
3. Volume = Average
4. EMA = Positive Crossover
5. Chart pattern = Cup & handle
6. FIB = N/a
7. Divergence = Bullish Divergence
If the Cup & handle Breaks out then it will give most consistent returns. Keep watching...
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XAUUSD 1H SELL PROJECTION 24.1024Reason for Bearish
1. Breaked Major Support 2720 yesterday and now retesting tthe breaked Zone
2. Rsi 14 below 50 and tends to be selling confirmation
3. Stochastic Overbiught in abobe 80 and 1h Bearish Movement
Over all Projection
XAUUSD SELL 2720-23
SL 2730
TP 1 2715
TP 2 2710
TP 3 2701
Unlocking the Potential of SBI: A Technical AnalysisTechnical Analysis of State Bank of India (SBI)
Background:
State Bank of India (SBI) is India's largest public sector bank and a major player in the Indian banking industry.
Technical Analysis:
1. Moving Averages:
* 50-Day EMA: The 50-day EMA (blue line) is currently above the 200-day EMA, indicating a bullish trend.
* 200-Day EMA: The 200-day EMA (orange line) is also sloping upwards, further confirming the bullish trend.
2. Relative Strength Index (RSI):
* The RSI is currently around 50, suggesting a neutral sentiment. However, the recent upward momentum suggests that the RSI may move into overbought territory soon.
3. Bollinger Bands:
* The price is currently trading near the upper Bollinger Band, indicating a potential overbought condition. A pullback towards the middle band or the lower band could be a good buying opportunity.
4. MACD:
* The MACD line is above the signal line, indicating a bullish trend. The MACD histogram is also positive, suggesting that the bullish momentum is strong.
5. Volume:
* The volume has been increasing recently, suggesting strong buying interest.
6. Fibonacci Retracement:
* The recent price pullback has retraced to the 50% Fibonacci level. A break above the 61.8% Fibonacci level could signal a continuation of the uptrend.
7. Support and Resistance Levels:
* Support: The 800 level could act as a strong support level.
* Resistance: The 900 level could act as a strong resistance level.
Trading Strategy:
Buy:
* Wait for a pullback to the 50% or 61.8% Fibonacci level.
* Wait for a bullish crossover of the 50-day EMA above the 200-day EMA.
* Look for a bullish divergence between the price and the RSI.
Sell:
* Wait for a break below the 200-day EMA.
* Look for a bearish divergence between the price and the RSI.
Stop-Loss:
* Place a stop-loss below the nearest support level.
Take-Profit:
* Set a take-profit target at the nearest resistance level.
Additional Indicators:
* ADX (Average Directional Index): Measures the strength of the trend.
* CCI (Commodity Channel Index): Identifies overbought and oversold conditions.
* Stochastic Oscillator: Identifies momentum and potential reversals.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.