Gold Seems BullishGold is currently in consolidation range which seems to be 2668.00 to 2677.100 if it breaks the level of 2677.100 then we can see the levels of 2685 which was the last high and if it hovers there then it will break the resistance level , if price comes to support zone of 2668 to 2666 then we have to wait for the price action confirmation.
Supportandresistancezones
Gold Chart PatternGold opened gapdown this morning currently it's on point of swing ,may be it can pullback from here and we can see candlestick pattern from here but if it comes to support zone may be we can see upward momentum from there and we can easily make target for last high swing from there , but we've to carefully look for candlestick pattern from there to optimize our P/L.
Crude WTI currently on Support Zone Crude WTI currently on support zone and for the starting of session may be we can see pullback to resistance zone , it faces high rejection in last session and currently roaming on a zone of support , we can see a pull back to 74.800-900 range and if it breaks then it may goes to Resistance from here may be it can try to break resistance zone but if it lags in pullback and goes below support zone we can see the dip of atleast 2 to 3% easily before the closing.
Infosys Near AllTime High Is a Downtrend Ahead in INFY ?"
With technical signals such as weakening momentum and possible resistance at these heights, traders are questioning if it's time to lock in profits or wait for further upside. Could this be the start of a corrective phase? As always, analyzing the patterns and staying updated with market trends is crucial.
Stay informed, stay ahead!
NIFTY50 - TIME FOR A SHORT TRADE?Symbol - NIFTY50
NIFTY50 is currently trading at 25905
I'm seeing a trading opportunity on sell side.
Shorting NIFTY50 Futures at CMP 25905
I will be adding more position if 26100 comes & will hold with SL 26230
Targets I'm expecting are 25370 - 25010 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trident Ltd Bullish Setup | Key Support Zones in Play Trident Ltd is showing signs of a potential reversal from key support zones. The price is holding within a strong support range .
Support 1: ~35-36
Support 2: ~32-33
Target: ~41
Immediate resistance is seen around 41, which could act as a potential target area .
However, if the price breaks below both support zones, this bullish view will be invalidated.
Disclaimer: This is not financial advice. I am not SEBI registered, and this is not a buy or sell recommendation. Always do your own research.
BEPL Looks BullishBhansali Engineering polymers ltd looks bullish for two reasons:
1. FVG - Price Reflected from Fair Value Gap with a bullish movement.
2. Support Line - Price reached to it's support line where FVG Supported it well
Price can reach to 181 in short term, which is around 11% Upside movement.
Note: This analysis is just for educational purpose. Do you own research before investing.
HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ;
Leave a " Like If you agree ".👍
.
Wait for small retracement & daily candle to close above - "1650".
Trade carefully untill ENTRY level.
.
Entry: 1655 / 1640
target: 1675- 1700- 1750
sl: 1640 / 1630
major stoploss/ support: 1600
.
.
Enter only if market Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
.
Refer old posted idea attached below.
TIDEWATER - Bullish Ingulfing Pattern Formed at Support LevelTide Water Oil Co. Ltd. is a top company that makes and sells lubricants in more than 65 countries worldwide. In India, it has been serving the automotive and industrial markets since 1928 with its brand "Veedol."
* Stock is already in uptrend and is now facing a minor correction.
* In the last trading session it has formed a bullish engulfing pattern at support level of 2200-
2225.
* If you look at the weekly chart and draw a Fibonacci retracement, then the current price level
0.5 level of Fibonacci retracement, which is another good sign as it acts as major support level.
* Both FII and DII has increased their stake in the stock in June quarter vs March quarter.
FII - 1.98% in June VS 1.51% in March
DII - 1.23% in June VS 1.22% in March
* We can expect a short term up move up to 2500,2600, 2700 levels in 4 to 8 weeks time period.
IS IT TIME FOR REVERSAL IN NHPCNHPC has been moving in a Parallel Channel from January. No green candle has closed above the upper trendline. There is also a Resistance Zone between 115-119.
After testing the above resistance zone the price has been continuously falling to touch the Bottom Trendline. Yesterday a green candle has been formed signalling a trend reversal.
A buy can be initiated above the candles high for a 1st Target of 116 and a 2nd target of 126 if it breaks the Resistance zone.
Bitcoin: BTCUSD bulls take a breather as FOMC week beginsBitcoin (BTCUSD) has been under pressure for the third consecutive day as traders cautiously approach a crucial week. After briefly halting a two-week losing streak, Bitcoin is struggling once more as everyone eyes the Federal Open Market Committee’s (FOMC) September policy announcement set for Wednesday.
Bitcoin buyers lack conviction
Be it the repeated reversal from a seven-week-old descending resistance line or bearish MACD signals, Bitcoin (BTCUSD) sellers appear flexing muscles ahead of this week’s key US Federal Reserve (Fed) Interest Rate Decision. It’s worth noting, however, that a weeklong bullish trend channel joins a convergence of 50 and 100 Exponential Moving Average (EMA) to restrict the short-term downtrend of the top-tier cryptocurrency pair.
Key technical levels to watch
Firstly, a convergence of the key EMAs and the aforementioned bullish channel’s bottom line offers an important challenge to the BTCUSD sellers around the $58,350-200 zone. Following that, Bitcoin sellers can aim for an eight-day-old horizontal support surrounding $55,600. If the bears keep the reins past $55,600, the monthly of nearly $52,550 and the $50,000 threshold will be in the spotlight.
On the upside, Bitcoin will first encounter resistance around $60,000 and a downward trend line near $60,300. A successful break above this could lead to testing the bullish channel's top line around $61,900 and the $62,000 mark.
BTCUSD sellers to keep the reins
Bitcoin sellers remain in control, with the cryptocurrency facing significant resistance and a long, uncertain path ahead.
XAUUSD Reaction zones 12/09/2024XAUUSD Reaction zones 12/09/2024
Reversal zones for XAUUSD are identified based on line bias evaluation and criteria from the table for entering and exiting trades. The ZigZag indicator marks highs and lows, while the naked chart indicator is used to draw cleaner lines and reduce clutter.
The Chartist
XAUUSD - Identifying the Bias of Reaction Zones/LinesThis is how I determine the trend when the price reacts at a reaction zone or line.
I look at the nearest adjacent waves to see how the price behaves when it touches that zone. Sometimes, a line or zone may have both biases, but there are also zones with only one clear bias.
The plan was to take profit and then sell, but it seems the reaction in this zone was too strong, and the price moved quickly, leaving no time to enter the trade.
The Chartist
Nazara TechnologyWe are closely following Nazara Technologies and believe it’s poised for a breakout based on its technical patterns. Consolidation near resistance often suggests a potential for a breakout if the price action confirms it. If Nazara Technologies breaks through the 1020 level, it could indeed pave the way for further upside, potentially reaching your targets of 1350, 1500, and 1650+.
It’s always good to keep an eye on broader market conditions and any company-specific news that could impact the stock’s performance. Additionally, setting stop-loss orders or having an exit strategy in place might help manage risk if the price movement doesn’t go as expected.