Silver Futures: Navigating the Bullish Breakout
The Silver Futures chart presents a compelling picture, but as we know, navigating the market demands more than just technical analysis. Let's break down what we see:
Bullish Signals: The decisive breakout above the VWAP, coupled with the series of green Heikin Ashi candles, paints a bullish picture. The recent breach of the Base Camp level further strengthens this positive outlook.
VWAP as a Guide: The VWAP is now acting as dynamic support, offering potential buying opportunities on dips. However, remember that even in a bullish scenario, the market can be unpredictable.
Beyond the Chart: While technicals are promising, external factors can sway silver prices. Keep an eye on global economic indicators, geopolitical tensions, and any news that might impact precious metals.
Applying the Wisdom:
Don't Get Complacent: Even with a bullish setup, risk management is paramount. Set stop-losses to protect your capital in case of unexpected reversals.
Stay Informed: Technical analysis is valuable, but it's only one piece of the puzzle. Stay updated on fundamental factors that can influence silver's price trajectory.
Avoid Blind Faith in Tips: This bullish setup might attract stock tips, but remember, no one can predict the market with certainty. Do your own research and make informed decisions.
In Conclusion:
The Silver Futures chart is signaling a potential bullish trend. However, successful trading involves more than just following signals. Combine technical analysis with a keen understanding of market dynamics, risk management, and a healthy dose of skepticism towards "hot tips." This approach will increase your chances of navigating the market successfully, even when faced with its inherent unpredictability.
Disclaimer: This is an analysis, not financial advice. Trading involves risk; conduct your own research and consider your risk tolerance before making any investment decisions
Stocktrading
RELIANCE // Levels // 2 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Resistance Levels:
2,550: Recent high where the price has faced selling pressure.
2,600: Previous peak or a significant price level where selling has occurred.
Support Levels:
2,400: Recent low where the price has bounced back.
2,350: Previous low or consolidation zone where buying interest has been observed.
news base oppotunitynews:
the company entered into a partnership with Onix Renewable Ltd. to supply steel structures and single-axis trackers for solar energy projects, with plans to eventually expand into dual-axis trackers.
Onix Renewable Ltd., the partner company, is involved in various sectors of renewable energy and currently has 600 MW of projects underway, with an additional 2200 MW planned. The new partnership is expected to contribute to the success and durability of these solar projects.
Rama Steel Tubes has incorporated a wholly owned subsidiary named, Rama Defence on 31 August 2024. The new company will carry out business in the field of defence sector such as trading, importing, exporting, manufacturing, assembling and supplying of defence equipment, arms, ammunition, explosives and related military and security hardware etc
focus:
: rama steel ltd enter in 2 most demanding sectors defence and renewable energy.
: fuuture growth of these sectors are too high,
: after news in stock shows heavy fii inflows
market cap before news 1500 cr
current market cap 2052 cr
price before news 10.30
current price 13.46
target price 24-30
*boost post and follow us for more news and valuation base data and research
SBICARD: Preparing for a breakoutSBICARD: LONG TERM INVESTMENT IDEA: Stock listed during corona-crisis and bottomed out in May-2020. After that stock gave a decent return in next one year and made a high of 1165 in Sep'21 when Nifty peaked. From there stock corrected lower and again reached to the listing price range and started showing some early signs of reversal. The current prices action suggests that stock is looking good for new all time high. Buy and hold for long term perspective keeping SL of 600 (Clbs).
We can consider SHORT TERM INVESTMENT IN INFOSYS.INFOSYS WEEKLY CHART
Indicating a strong Break out from its current supply level; any closing in weekly can give a confirmation for stock may provide potential returns future.
CMP:- 1945
SL:- 1815(closing basis)
Price expectations :- 2,100 // 2,250 // 2425
Returns estimated :- 25% to 27.5%
BEST TRADE YOU CAN TRADE THIS YEAR THE POKARNA Stock is ready for breakout at level of 950 to buy
fii and dii increse thir holding continusoly
stocks deliver good financialsupport to technical
stock form 2 year of cup with strong breakout now
if you see on weekly candle aftera breakout candle pause nad then ready to buy
IRCTC : Time to travel.NSE:IRCTC Good buying opportunity in IRCTC .
BUYING RANGE: 650-660 ( After breakout)
Case1-
Good to buy after breakout of the Trend line ie. @650-660.
Put Stop loss of 610.
Case2-
Second opportunity : if found around the Previous Demand Zone of 560-580.
Put Stop Loss of 545-50
TARGETS :
T1- 710
T2- 765
T3- 840
T4- 920
WHY IRCTC:
1- Breakout of long term Trendline.
2- Taking good support from the Demand zone of 560-600
3- Good Risk to Reward Ratio.
Thanks for your Support.
Disclaimer:
This idea is only for the Educational purpose only, Kindly trade at your own Risk.
BATA India Long setup ReadyLong bata india between 1420-1425. There is a very high probability that the stock will bounce back from the support level. Also, a bullish engulfing candle can be seen on the chart. Risk to reward is awesome in trade. Once stock starts trading above 200 EMA we can trail the SL. Add the stock in your watch list. This is for your educational purpose only.
Ashoka Buildcon long setup readyClearly, on the 2-hour charts, we can see the Ashoka buildcon . Can take a long entry above 238 once the breakout of the marked trend line. Watch every time stock touches the 200 EMA level it bounces back with good price action. please keep the stock on your watch list. Good risk to reward trade.
Long SCI swing TradeA Good setup has been seen on the daily chart of SCI. Long SCI above 274 for the target of 350+ with SL of 242. A very high probability that the stock will bounce back from the 200 EMA & the marked resistance area. Good risk to reward trade. hence keep the stock at your watchlist. This is for your educational purpose only.
WOCKPHARMA: W pattern breakout may drive the price higher!
The 1700-1800 range has acted as a formidable barrier for this stock, with the price faced rejection at these levels on two separate occasions.
After experiencing a significant downturn, the price eventually found support around the 135 level, led the price to a period of consolidation.
During this time, the stock developed a Double Bottom pattern.
Following a substantial gap, it successfully broke out of the Double Bottom pattern with strong trading volume and is now positioned just above that breakout level.
At present, the stock is trading at nearly half its all-time high, making it an appealing option right now.
How to Journal as a Trader or Investor on Trading View ? Summary of this video
There could be Two types of people Journaling, one who is daily journaling and one who is weekly journaling; both will do the job.
You can make two notebooks for the same: Feelings-based Journal and Stats-based Journaling.
Both serve different purposes.
A feeling-based journal helps you to create a daily habit of writing some compulsory things like pre-market, vix, post-market, and setups, and ask why in terms of positions - if taken and if not taken, whereas to get into the habit of writing a feelings based journal also dig deep into some really important terms like cpi inflation, ppi of some significant economies which effects your markets. These things won't affect your trading, but such add-ons help you give a direction to your journaling power.
A Stats-based journal contains different columns, as told in the video; feel free to add more of your favorite ones and change them as you wish, but every single trade should be respected in such a manner. Journal every single trade like this in terms of numbers. Remars is very important in this journal as it will guide your Fear and Greed.
In conclusion, Finally, if you can do this for at least one month, you will see good results, but what exactly do you have to see?
After one month, read your first-day feeling journal and the first two or three trade remarks. You will be amazed to see how silly mistakes you made in the past or how efficient you were back then and now you are making those mistakes; either will help you grow in mindset and profitability. It enables you to become a better trader by 1% daily.
Feel free to put more ideas and thoughts below in the comment section. Good luck journaling
CUP AND HANDLE PATTERNThe above weekly chart shows that the price has formed a cup & handle pattern in the last 2 years. If this pattern continues we can expect a breakout on the charts.
MACD is showing a likely crossover too. Possible targets may be 1600/1800 or even more.
As long as it sustains above 1300, this setup remains relevant.
Decide your exit levels according to your position sizing and risk-management. This illustration is only for learning and
sharing purposes, not a piece of trading
advice in any form.
All the best.