Stockmarkets
Gold is the best hedging instrumentGold is the best hedging instrument
Every sound investor knows that when the market turns grim, the best place to put their money is in Gold, Gold has always performed well during the times of crisis be it the 2008 crash or the covid downfall, or even in the recent Russo-Ukraine series of events.
Although the price of gold remains very volatile, today I will try to put forward my technical view regarding gold.
Monthly analysis:
Gold has been trading with a median price of around $1800 since the covid outbreak, but recently after Russia invaded Ukraine, the price of gold shot up and almost made another all-time high, but it couldn't hold the levels and fell down rather sharply and currently, it is trading in a strong support zone.
Weekly analysis:
The price of gold has been taking support from an inclined trendline since August 2021, with the continuous formation of higher highs and higher low formations, currently, the price is trading at the support trendline currently and a position can be created according to whether it breaks the trendline or if it takes support from it again.
Daily analysis:
This is where the things get interesting, on the daily timeframe the price is currently trading at yet another recent support which also happens to concur with the weekly support trendline. Thus any bullish candle formation can indicate that a long position can be created and on the breakdown of the trendline we can short XAUUSD.
In a nutshell:
XAUUSD
View - Neutral
Formation of a double top on the monthly timeframe.
Price trading on support zone in the weekly and daily timeframe.
A possible plan of action:
Bullish above $1865 with SL of 1848.
Bearish below $1848 with SL of 1866
Thank You
Five Important Lessons to Learn From the MarketHere are a few important lessons that can help traders and investors to survive in the markets and become profitable over a period of time.
Risk Management
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Whether you are an options trader or cash market investor, risk management is the most important concept to deal with.
You should always prescribe our risk before entering the trade. Adjust position size so that the risk does not exceeds the prescribed limit.
After entering the trade, you can either go for reward which could be double, triple or more than your risk OR you can trail your stop loss to go for larger gains, in case momentum is strong.
Nothing Works All the Time
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A trader can utilize a custom system/strategy, can take discretionary decisions or use an algorithm to take decisions. But remember that nothing is going to work all the time.
You are bound to miss moves, exit early or get shaken out before the move actually starts. You need to think about longer term perspective. The opportunities that you missed were just a few of next 100 trades that you are going to take.
But if you are missing 6 out of 10 opportunities, you need to adjust your strategy.
All Strategies are not for Everyone
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You might have seen or heard about traders who made huge money using their own strategy. But trust me, even if you get that strategy for free there are higher chances that you are going to lose.
It is not just the strategy but years of hard work by the author that made it perfect for him. He would know all the nuances and the environments where it worked well.
Also, the nature of a strategy should be directly proportional to your personality. An aggressive strategy for one trader can be too slow for the others.
Start Small
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If you are not so familiar with the stock market then you need to start with small capital. This will automatically reduce your risk and position size. Your profit will also be small but learn to make your calculations in percentage terms.
First prove yourself that you are a profitable trader for at least three months, then increase your capital gradually.
Deal with Failures
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As I said nothing works all the time. There will be losing days and losing streaks. It is very difficult to deal with losses when you are new to trading. But to begin with, minimal losses are easier to deal with. Imagine you started trading with 1lac and lost 10K on the very first day. I am sure that soon you will lose it all and then become an investor.
Following risk management and developing strategy that suits you are not overnight processes. You have to develop discipline to follow them. Try to stay in the market for longer time and it will teach you how to deal with failures.
Before you leave don't forget to like and comment for more such writeups in the coming days.
Regards
#VARROC VARROC looking bullish
volumes and chart pattern indicating good sign for further movement.
Consolidation breakout from zone.
Closing above 460 will be confirmation.
Need to hold his highs selling pressure is high in upward levels.
Can reach 510- 530 targets above that next Resistance at 570 .
Keep on radar.
-Gaurav
@Vivek-
@RAKESHBANSAL
@vijaythakkar009
@ExtremeVolume
@TheBreakOut @forextidings @Vivek- @investing @Tredingview
TORRENT PHARMA: Its a DIAGONALTRADING STRATEGY: Sell on rise keeping SL of 3230 and look for the target of 2530/2350 in coming weeks.
Theory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL : In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal beagan.
Two gap up openings at the same level on zeel price chartZeel price chart has created two gap ups at the same level. this zone has acted as either resistance or support at many points on the chart indicating a strong supply/demand zone.
Two gap formations at the same level with almost the same open & close is a rare phenomenon.
Keep an eye on this level for deploying any trade.
This is just an observation. Support and resistance are used in most of the strategies and this level can prove to be a strong demand zone.
Market Phases - Every trader must knowMarket Phases -Stock prices may appear random, but there are repeating price cycles, which are predominantly driven by the market participation. Below are the four types of market phases that occur.
Phase 1: Accumulation - The accumulation phase is a stage of consolidation. There is no clear trend, and the stock is usually trading in a range. It's a span of time in which traders and institutions are slowly accumulating shares, but the market has not broke out yet. Trend traders finds difficulty to trade.
Phase 2: Advancing - During the advancing phase, price breaks out of range (comes out of the accumulation phase) and begins a sustained uptrend. This stage is when the price begins moving up. The big money has established a position and retail investors are now invited to join in the profit party. This is the most profitable time to own the stock – an opportunity to let your profits run.
Phase 3: Distribution - The distribution phase begins as the advancing phase ends and price enters another range period. The shares are being sold over a period of time—the opposite of accumulation. This time, the sellers want to maintain higher prices until the shares are sold.
Phase 4: Declining - During the declining phase, price breaks out of the range (comes out of the distribution phase) and begins downtrend. This stage comes after distribution when price begins moving down.
Now lets understand them one by one in detail :-
1.)Accumulation phase where trend traders find difficulty to trade
Accumulation usually occurs after a fall in prices and looks like a consolidation period.
Characteristics of accumulation phase:
It usually occurs when prices have fallen over the last 6 months or more
It can last anywhere from months to even years
It looks like a long period of consolidation during a downtrend
Price is contained within a range as bulls & bears are in equilibrium
The ratio of up days to down days are pretty much equal
The 200-day moving average tends to flatten out after a price decline
Price tends to whip back and forth around the 200-day moving average
Volatility tends to be low due to the lack of interest
Examples of Accumulation -
How To Trade Accumulation ??
1.)Sell At Resistance
2.)Buy At Support
Do not go blindly short at resistance, wait for any reversal candle or look for any negative price action in smaller TF. Look for reversal candles
Never buy blindly on support. Look for reversal candles. Switch to smaller Time-frame find a bullish price action/ bullish chart patterns.
Never Ever Trade At Midpoint In A Range Market. You never no where it will head, to the the support area or to the resistance area.
2.)Advancing phase which trend traders love — Best trading strategy is to long the uptrend
After price breaks out of the accumulation phase, it goes into an advancing phase (an uptrend) and consists of higher highs and lows.
Characteristics of advancing phase:
It usually occurs after price breaks out of accumulation phase
It can last anywhere from months to even years
Price forms a series of higher highs and higher lows
Price is trading higher over time
There are more up days than down days
Short term moving averages are above long-term moving averages (e.g. 50 above 200-day ma)
The 200-day moving average is pointing higher
Price is above the 200-day moving average
Volatility tends to be high at the late stage of advancing phase due to strong interest
Examples of Advancing
How To Trade Advancing ??
1.)Breakout Trading - Where you above the highs
2.)Pullback Trading - Where you buy support which was earlier a resistance. This is called change in polarity.
Avoid Trading against the trend. If you trade then take small profits. You will get max with the trend.
3.)Distribution phase- - Distribution usually occurs after a rise in prices and looks like a consolidation period.
Characteristics of distribution phase:
It usually occurs when prices have risen over the last 6 months or more
It can last anywhere from months to even years
It looks like a long period of consolidation during an uptrend
Price is contained within a range as bulls & bears are in equilibrium
The ratio of up days to down days are pretty much equal
The 200-day moving average tends to flatten out after a price decline
Price tends to whip back and forth around the 200-day moving average
Volatility tends to be high because it has captured the attention of most traders
Examples of Distribution :-
How To Trade Distribution ??
1.)Sell On Resistance
2.)Buy On Support
Do not go blindly short at resistance, wait for any reversal candle or look for any negative price action in smaller TF. Look for reversal candles
Never buy blindly on support. Look for reversal candles. Switch to smaller Time-frame find a bullish price action/ bullish chart patterns.
Never Ever Trade At Midpoint In A Range Market. You never no where it will head, to the the support area or to the resistance are.
4.Declining phase - Best trading strategy is to short the downtrend
After price breaks down of the distribution phase, it goes into a declining phase (a downtrend) and consists of lower highs and lows.
This is the stage where traders who do not cut their loss become long-term investors.
Characteristics of declining phase:
It usually occurs after price breaks out of distribution phase
It can last anywhere from months to even years
Price forms a series of lower highs and lower lows
Price is trading lower over time
There are more down days than up days
Short term moving averages are below long-term moving averages (e.g. 50 below 200-day ma)
The 200-day moving average is pointing lower
Price is below the 200-day moving average
Volatility tends to be high due to panic and fear in the markets
Examples of declining :-
How To Trade Declining ??
1.)Breakdown Trading - Where you sell below the lows
2.)Pullback Trading - Where you sell on rise after a breakdown. Supports turned into resistance. This is called change in polarity.
Avoid Trading against the trend. If you trade then take small profits. You will get max with the trend.
Hope you all learnt from this post. Share with the community if you liked it.
Regards
Omahto
HDFC: Inverse H&S BreakoutInverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy near 2450 zone with SL of 2230 and look for the target of 2650/2800-2850 zone.
Titan looks good for intraday short tradeTitan has been trading in a range for the past few trading sessions.
RSI and MACD are indicating weakness.
Keep it simple. Two levels are marked. the trade will be activated once it breaks the nearest 30m candles low marked on the chart.
It's always good to wait for confirmation. If it goes as expected and the price breaks the lower line, wait for it to retrace close to the line and fall again.
Live Challenging Stock Market Analysis INDNIPPON Buy @ 448.95Market Analysis
Live Challenging Stock Market Analysis INDNIPPON Buy @ 448.95
Target1 @ 448.95
Target2 @ 595.25
#sharemarket #INDNIPPON #Nse #stockmarket
Our Unique Features:
—————————————————————
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Tradingwithtamil
Live Challenging Stock Market Analysis #ASALCBR Buy @ 492.90Market Analysis
Live Challenging Stock Market Analysis #ASALCBR Buy @ 492.90
BUY2 @ 475.15
Target @ 570.40
#sharemarket #hindunilvr #Nse #stockmarket
Our Unique Features:
—————————————————————
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Tradingwithtamil
BTCUSDT Next movesAll lines will tell you about The BTC moves.
Price action is very powerful, So if any line crosses then the target will be the next line.
BTC always has more volatility so Shorts or Longs should have SL.
Note: I'm not a financial advisor. This analysis is for an Idea and a view. Crypto is the biggest profitable trading business, and without stop loss and emotional control, no one cannot win in this game.
If you like my analysis please encourage me with your likes and comments, send me a message for any coin analysis, I can guide you.
BearishIf everything remains constant then we can expect around 600pts fall in nifty so buy when nifty takes support and play with quality stocks, accumulate or vise versa.
We can't deny an important fact that big sharks has already pulled there money from market as per this logic of u r thinking that market will crash then detox ur mind nd play. It's the beginning of another bull market
🥂🥂Cheers🥂🥂