Short potentialOn day chart
I see the support around $2.4
On 4h TF
After OP breakdown $2.9 it made another structure from up to down if OP close below swing low $2.615 so need to wait for confirmation
OP has resistance around $3.25 and strong support around $2.4 this level is target for short position
Time will tell
Sellsignal
NESTLEIND - Evening StarNESTLEIND - Watch out for a good breakdown/ shorting opportunity in 1D timeframe.
A few points to note:
1. There is a weekly reversal sign (bearish - Evening star pattern)
2. The stock is below 50DMA
3. Ascending wedge pattern - Usually is a bearish sign.
4. Overall on a higher timeframe, the stock is rallying - hence it is wise to be cautious and have a hedge.
NIFTYHi, in this chart i Got a Good Top in NIFTY , please Observe this levels and Analysis your own... Don't Take any orders Based on this Chart because this is just Observation purpose only.
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Dow jones Look Good for Short* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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Mini Dow jones Level's
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SMC Selling area is near 34906 - 34930
And Short Area is 34906
Below this level 34765 free fall will start.
************************** Target down side ********************************
Trade : Sell between 34906 - 34930 SL will be 120-130 Points (35033)
Target will be downside : 34680/34599/34483/34400/34311/34225
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ICICI PRU - Analysis 11-7-203 Sell Below 550 for upto 450ICICI PRU - Analysis 11-7-203 Sell Below 550 for upto 450 / Buy Over 625 for upto 675 Next upto 720
Exit (Stop Loss/) before Target if
On 9-RSI ema 21 cross over 3ema; (Weekly Timeline for Shortterm & Monthly for Long Term)
OR
on prv weekly lower break.
GOLD bank holiday!! slight recovery in gold price in early JulyThe current stance of central banks favoring tighter monetary policies is expected to hinder the rise of gold prices. Additionally, the likelihood of a 25 basis points rate hike at the upcoming FOMC meeting, coupled with a more aggressive approach taken by major central banks, is likely to continue exerting pressure on the non-yielding gold price. Furthermore, the recent surge in global equity markets, indicating a higher appetite for risk, is expected to further limit the upward potential for gold, which is typically seen as a safe-haven asset. Therefore, it would be wise to wait for significant buying momentum before confirming that the XAU/USD has reached a short-term bottom and considering any substantial upward movement.
This week, it is predicted that the gold price is still recovering slightly, sideways around the $1910 - $1950 mark
Set up SELL GOLD price zone at: $1930 - $1932 sl $1945
Based on technical analysis indicators EMA 34, EMA 89 , resistance at $1930
GOLD 3/7 !!! The bulls are having a slight recoveryThe Gold price is being affected by a slight increase in the US Dollar. After experiencing significant losses on Friday, the US Dollar is attracting some buyers and recovering. This is seen as a key factor that is putting pressure on the price of Gold. Recent data from the United States shows that the Personal Consumption Expenditures (PCE) Price Index decreased to 3.8% in May from 4.3% previously. Additionally, the Core PCE Price Index, which excludes volatile food and energy components, went down to 4.6% in May from 4.7% in April. Despite these decreases, both indices remain well above the Federal Reserve's target of 2% and support the possibility of further tightening of monetary policy.
Today, July 3, 2023, gold price is predicted to have a slight recovery around the $1925 -$1930 mark
Set up Price Gold at:
SELL GOLD at: 1920-1922 small lot
and SELL GOLD at: $1930 - $1932 small lot
and SELL GOLD at: $1937 - $1940 sl $1950
Based on technical indicators EMA 34, EMA 89 and resistance areas to sell at the above price zones.
Gold price at the end of June is at the lowest level in the pastThe XAU/USD pair is facing downward pressure due to the modest strength of the US Dollar. Federal Reserve Chair Jerome Powell has indicated that two rate increases may occur this year, including the possibility of one at the upcoming policy meeting. Powell also stated that inflation is unlikely to reach the Fed's 2% target until 2025. These factors have contributed to the US Dollar remaining strong, which has put additional pressure on the price of Gold. However, concerns about the negative impact of rising borrowing costs on the economy may prevent traders from making significant bearish bets on the safe-haven precious metal. This could help limit further losses, at least for now.
Gold Price Prediction: XAU/USD remains stable above $1,900, US PCE Price Index anticipated to provide new momentum.
Set up SELL GOLD zone at: $1920 - $1923, sl 1933
Based on the Fibonaccy technical analysis line, the strong resistance is at the $1920-$1923 zone and sell
Gold price in the last days of June !! 29/6 GOLDGold prices remained subdued on Wednesday as the U.S. dollar gained strength following hawkish remarks made by Jerome Powell at a central banking forum hosted by the ECB. By late afternoon, the XAU/USD was down by approximately 0.15% to $1,910, approaching its lowest level since March 15 and heading towards a monthly decline of over 2.5%.
During a panel discussion in Sintra, the FOMC chief highlighted that the bank's policy-setting might not be restrictive enough. He emphasized that a majority of Fed officials support raising borrowing costs twice more in 2023. While some traders are skeptical about the possibility of an additional 50 basis points of tightening this year, this scenario should not be disregarded.
Despite some doubts, the U.S. economy has shown remarkable resilience thus far, and traders should not underestimate its strength. However, if incoming data continues to surpass expectations, policymakers will be compelled to move forward with their plans to raise the terminal rate to address persistent inflationary pressures.
downtrend is still strong, you can buy sell at:
SELL GOLD zone at: $1924 - $1926 sl $1936
In the short term, you can wait for the price to recover 1 beat and then sell. Based on technical indicators EMA 34, EMA 89 to determine the resistance point $1926
GOLD 27/6 ? Bulls or bears prevail Investors will be closely watching the upcoming speeches by top central bank officials, including Christine Lagarde, Andrew Bailey, Jerome Powell, and Kazuo Ueda. These speeches will provide valuable insights for investors. Additionally, on Tuesday, important US economic indicators such as Durable Goods Orders, the Consumer Confidence Index, New Home Sales, and the Richmond Manufacturing Index will be released. These indicators will likely impact the price of gold. Despite concerns about a potential recession, the downside for gold prices seems limited due to its status as a safe-haven asset.
Today, Gold price is still around the $1925 mark, showing signs of moving towards the $1935 price zone
Set up SELL zone at :$1933 -$1935 sl 1945
Based on the technical analysis indicator resistance zone at $1935, combining 2 moving averages EMA 34 and EMA 89
Short Sell NIFTY SELL Signal Activated,
NIFTY has been broken support trendline,
So, It is important for bullish set up to fast recover above support trendline,
But if Nifty will be traded below 18530,
It will go to downward ..
So, Sell below 18530 only.
Target Levels : 18430, 18346, 18130
SL: 18668
Risk is yours and Reward is too yours totally.
SBIN 29th JUNE-1x 29JUN2023 600CE - ₹ 3.65
+1x 29JUN2023 620CE - ₹ 1.15
Prob. of Profit- 81.88%
Max. Profit-₹ +3,750(7.34%)
Required Margin -- ₹ +51,084
PCR-0.60
At the 600 strike level, 14,580,000 of OI which is the highest CALL selling
There was a 2,499,000 OI change.
577 is a crucial level for SBIN, but as the candles are getting smaller in size 1Hr time frame, this could be a sign of trend change, but still, the sellers are in charge.
SRF Ltd. Possible Elliott wave counts, looks corrective phaseHello Friends,
Here we had shared possible wave counts of SRF Ltd. which is clearly showing corrective phase in current scenarios, After completing impulse move as 1-2-3-4-5 now we are in correction, which is unfolding as A-B-C as a zigzag correction pattern, which should unfold in 5-3-5 subdivisions, and already we had finished wave A and B, now possibly we are unfolding wave C which should come as in five subdivisions as a 1-2-3-4-5, in which we had finished 1-2 and now possibly we are in 3 of C, Overall, as per Elliott wave structure, bias are bearish in this stock, with Invalidation level of price crossing above 2636. which may give good lower levels in upcoming weeks.
Still there is a support area shared and discussed in this video post which is horizontal support zone, once its broken then for bears, but it can provide support also, so be cautious, Some significant snap shots are shared below, please go throughout once. I am not sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
MACD Negative crossover in Daily time frame
MACD in weekly making lower high and now in down tick position
MACD in monthly already running Negative
RSI on daily down tick and broken trendline support
RSI on weekly breakdown as head n shoulder pattern and also broken support trendline
Price closed below 20DMA and also challenging lower Bollinger band on daily
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
GOLD 06/06: Gold is in a narrow rangeTVC:GOLD Gold price is consolidating in a narrow range of 1,955$-1,965$ on an hourly scale. The precious metal has turned sideways around the 50% Fibonacci retracement (plotted from June 02 high at 1,985$ to June 05 low at 1,930$) at 1,965$
The 50-period Exponential Moving Average (EMA) at $1,959.38 is providing cushion to the Gold bulls.
US banks seem reluctant in distributing credit to households and firms in order to maintain their asset quality in the turbulent environment.
My assessment is that TVC:GOLD gold will follow a butterfly pattern , TVC:GOLD gold will return to the range of 1965$-1970$ and we will have a buy contract at 1945$-1947$.
Stop-loss point per deal at 50pips
Short on EURUSD pairIn daily chart EURUSD formed the bearish candle with strong selling Volume candle.
In 4hr Time frame it has formed Falling Wedge Pattern and make breakdown for downside.
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Risk and reward In this trade will be 6:91
Entry At : 1.09761
Sl will be : 1.10307
Target 1 : 1.08394
Target 2 : 1.07164
Final Target : 1.05990
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This is education purpose trade.
Please take advice from your financial adviser before taking any trade in live market.
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