USOIL chart pattern for upcoming session's 15M TFUSOIL closed at 69.448 in the last session which is near to its support zone of 69.140 to 68.940 we've to watch for candlesticks patterns here because it price goes below support zone the we can easily see the 68.000 level of crude in the upcoming sessions but if price make upward momentum from here then we can get the price of 70.500-600 level in the next sessions of the oil and above it 71.300-400 is the next zone of resistance to go for.
Supportandresistancezones
Technical Class 1 #SMC1In finance, technical analysis is an analysis methodology for analysing and forecasting the direction of prices through the study of past market data, primarily price and volume.
Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories.
BLISSGVS Long Idea...BLISSGVS is consolidating in monthly chart. Taking trade after monthly confirmation (close above resistance) is good for safe trader
Personally I'm following it in daily charts to get a good early entry with some risk.
Lets see how it turns.
NOTE: NO idea of comapny Fundamentals. Just a technical take. Should plan trade with proper risk management.
KELLTONTEC Long IdeaKELLTONTEC broke out from years long consolidation and now consolidating near retest zone.
It is good buy near retest zone if at all it comes to that. Or you can buy after channel breakout.
Stoploss is weekly close below retest zone. Will update targets later.
Trade as per risk management.
NOTE: No idea about Fundamentals of company. It is just technical take.
Banknifty intraday trading On saturday approx rally 1200 points so it might me hall for two days
market open gap up and close 52500 15 min candle then i will enter the trade and my sl candle low target is 52746.25
if market open flat if the rejection will come from 52200 i will enter the long trade
IF it open gap down 51880 will be act as support price was broken and it will retested for the First time
Expiry may be done at 52500 to 51500
Crude Oil may go for uptrend on 17-102024Crude touched 69.650 in last trading session an now it seems to go for uptrend on todays session (17-10-2024) it may touch the level of 72 to 72.200 if it crosses 71.400 in todays session but for this first it have to break the level of 70.900 currently its hovering near to this level , lets see how it goes....
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.
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 ".👍
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Wait for small retracement & daily candle to close above - "1650".
Trade carefully untill ENTRY level.
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Entry: 1655 / 1640
target: 1675- 1700- 1750
sl: 1640 / 1630
major stoploss/ support: 1600
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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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.