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Technical Analysis

CASTROLIND most important is 52week and six-year high breakout with volume rise and very important point is stock is retext & give a good support zone which is already broken resistant zone with h volume . targets are open on chart but .. respect to SL like me of discipline trader. share Dividend ₹ 4.50 /share ex-date 21 march Castrol India at near six-year high on Q4 profit jump Company has a good return on equity (ROE) track record: 3 Years ROE 45.9% holdings :-))) a) Promoters 51% b)FIIs & DIIs 27 % c) Public 22% for MORE check in my TradingView ID If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:CASTROLINDLong
by asAMOLSUTAR
USDJPY eyes another bear run, focus on Japan GDP, US inflationEarly Monday, the USDJPY has risen slightly above 147.00 after its first weekly gain in six weeks. This increase follows a rebound from a seven-month low. The rise is supported by a recovery in the RSI and positive signals from the MACD. However, the pair’s failure to defend a week-long bullish trend channel and its continued trading below the 50-bar Exponential Moving Average (EMA) still keeps bears hopeful. Additionally, a downward trend line from early July suggests that sellers still control the market. The USDJPY is likely to stay under pressure unless it can rise above a resistance line near 150.80. Currently, the 50-EMA and the lower end of the rising channel, around 147.85-90, are key levels to watch. The 150.00 level may offer additional resistance, and if the pair can surpass 150.80, it might target around 155.50. On the downside, immediate support levels to watch are 145.50 and 143.30. If the price falls further, the monthly low near 141.70 and the psychological level of 140.00 could come into play. If the USDJPY drops below 140.00, it might test the mid-2023 low around 137.25. While technical indicators suggest a bearish outlook for USDJPY, traders should be cautious due to upcoming economic data releases, including Japan’s Q2 GDP and the US Consumer Price Index (CPI).
by MTradingGlobal
Basic Chart Pattern is very effectiveHello Traders ! I ussually use basic chart pattern on my technical analysis. I think it's very useful for traders. Many trader still use it and CMT book still write and train it for many student in the world. Some chart pattern which I appreciate like as : 1/ Head and Shoulder 2/ 2 Top -2 Bottom 3/ Flag pattern 4/ Wedge Example, Gold chart (h1) as bellow, I use only 2 top-2 bottom to trade and you can see that it is very effective.
OANDA:XAUUSDEducation
by PhuThongTrader
4
Gold buyers take a breather above 100-SMA, focus on $2,450Gold's recent strong performance suggests a positive sentiment among buyers, especially with its breakout above the 100-SMA and supportive RSI and MACD indicators. This technical strength points to a potential push towards the $2,450 resistance level, with further challenges anticipated at around $2,470 from a mid-July trend line, and additional resistance at $2,495 and $2,500. On the downside, sellers will need a break below the 100-SMA, currently around $2,411, to gain momentum. Such a move could test the $2,400 mark, with further support levels at $2,383 and $2,350. In summary, while Gold is currently on the buyers' radar, the upcoming resistance levels may cap the upside potential.
OANDA:XAUUSD
by MTradingGlobal
EURUSD portrays bullish exhaustion, focus on 1.0960 and US dataEURUSD is seeing its first daily gains in three days as buyers gear up to tackle key resistance levels ahead of upcoming US employment data. Supported by positive RSI indicators and bullish MACD signals, the Euro pair aims to extend its recent uptrend towards a 13-month-old descending resistance line around 1.0950. Beyond this, it targets the upper boundary of a bullish channel stretched from April, near 1.0960. Breaking above these levels could pave the way for a challenge of the psychological barrier at 1.1000, with potential further gains towards the late 2023 peak near 1.1140. On the downside, June’s peak at approximately 1.0915 and the 1.0900 mark, along with the 50% Fibonacci retracement level near 1.0860, act as immediate support. Deeper declines might find additional footing near the 100-day Simple Moving Average (SMA) around 1.0790 and the 38.2% Fibonacci retracement level near 1.0765. Euro buyers maintain optimism unless there is a daily close below the bullish channel’s lower boundary near 1.0700. Overall, while EURUSD bulls show signs of slowing down, bearish momentum is muted, even if US economic data boosts the US Dollar.
by MTradingGlobal
ORIENTAL RAIL INFRASTRUCTURE LTDTechnical Analysis - After breaking out at ₹150, the stock reached ₹300. - It consolidated in a range for 6 months before breaking out again in June 2024 to touch ₹450. - The price has now retraced to the ₹300 level, retesting previous support. - Fibonacci Retracement: Currently in the golden pocket zone. - RSI: Indicates a healthy momentum. - Moving Averages: Trading above the 50 EMA and 200 EMA, indicating a bullish trend. Fundamental Analysis - Company Fundamentals: Strong - Valuation: Slightly expensive but not a significant concern for short-term trades. Action: 1. Buy Zone: Consider buying between 331.45 and 304.80, keeping an eye on price action and volume at these levels for confirmation. 2. Stop Loss Placement: • Place a stop loss around ₹295-298 to limit potential losses if the support levels fail. 3. Profit Booking: • Start booking profits around 400,₹440 for the short term. If the price shows strength and breaks above the 400 level, hold for a medium-term target of ₹500. 4. Monitor Key Levels Keep an eye on the 50 EMA and 200 EMA for any changes in trend direction. Watch for price action around key Fibonacci levels to adjust strategy accordingly. Summary: • Entry: ₹331.45 to ₹304.80. •Stop Loss: ₹298. • Targets: ₹400,440 (short-term), ₹500 (medium-term). Risk:Reward = 1.65 ( for target 400 ) 2.65 ( for target 440 ) note* This is a circuit stock, UC & LC are very common so please place your SL. Happy Trading:)
BSE:ORIRAILLong
by rohix
1
GBPUSD bounces off 100-SMA but bears stay hopefulThe GBPUSD saw its first daily gain in three days on Wednesday, bouncing back from the 100-day Simple Moving Average (SMA). This move shows the 100-SMA support level at 1.2682 is holding strong, and the descending RSI (14) indicates the downtrend is weak. However, the Pound Sterling’s continued dip below the 50-SMA and previous support level near 1.2785-2800, along with bearish MACD signals, keep sellers hopeful. If the price stays above 1.2800, the March peak around 1.2900 and the top of a 10-month-old upward trend channel near 1.3030 will be challenging for buyers. On the other hand, the 100-SMA and 200-SMA are limiting the GBPUSD's short-term decline, with support around 1.2680 and 1.2650. After that, the 50% and 38.2% Fibonacci retracement levels from the pair's July-October 2023 drop, near 1.2590 and 1.2455, will be key for sellers. Overall, Pound Sterling buyers can stay in control as long as the 10-month-long upward trend channel, which ranges from 1.3030 to 1.2440, remains intact. In summary, GBPUSD is expected to test the sellers, but for the bullish trend to continue, it needs to stay above 1.2800.
by MTradingGlobal
GBPJPY rebound appears elusive below 200-SMAGBPJPY portrays a corrective bounce off the lowest level in seven months while recovering from a 10-month-old ascending support line. The rebound also takes clues from the oversold RSI (14) line and the market’s consolidation mode after a heavy slump. While the aforementioned clues suggest a continuation of the quote’s further recovery, the bearish MACD signals and the pair’s successful trading below the 200-SMA support of 191.80 keep the sellers hopeful. Even if the buyers manage to cross the 200-SMA hurdle, a previous support line from March 2023, near 194.50 by the press time, will act as the final defense of the bears before giving control to the bulls. On the contrary, rising trend lines from July and October of 2023, close to 182.50 and 180.00 in that order, restrict the short-term downside of the GBPJPY pair. Following that, the December 2023 low of 178.30 and the July 2023 low near 176.30 will entertain the pair sellers. It’s worth noting, however, that the quote’s sustained weakness past 176.30 will make it vulnerable to slump toward the 170.00 psychological magnet. Overall, GBPJPY consolidates the previous heavy fall but the resumption of a bullish trend is far from the table.
by MTradingGlobal
USDJPY slumps to seven-month low amid risk aversion, BoJ biasUSDJPY begins the week on a back foot while declining for the fifth consecutive day to the lowest since early January. The Yen pair’s latest fall could be linked to the market’s risk-off mood and concerns about the Bank of Japan’s (BoJ) further rate hikes versus the fresh bias about the US Federal Reserve’s (Fed) requirement for more rate cuts. Also keeping the bears hopeful is the quote’s clear downside break of an upward-sloping support line from January 2023. With this, USDJPY bears are completely in control and can move further toward the late 2023 bottom of around 140.25, quickly followed by the 140.00 threshold. However, the oversold RSI (14) line and the 61.8% Fibonacci retracement of the pair’s January 2023 to July 2024 upside, near 140.40, can challenge the quote’s further declines. If the pair drops past 140.00, the odds of witnessing a slump toward July 2023 low of near 137.20 can’t be ruled out. Meanwhile, the USDJPY pair’s corrective bounce needs validation from a 50% Fibonacci ratio of 144.55. Following that, the lows marked during February and March of the current year, respectively near 145.90 and 146.50, will precede the multi-month-old support-turned-resistance of surrounding 148.60 to challenge the Yen pair buyers. It’s worth mentioning, however, that the rejection of the latest bearish trend signals will only be possible if the quote stays successfully above the 200-SMA hurdle of 151.60. Overall, the USDJPY pair sneaked into the bearish trend but the road toward the south is long and bumpy.
by MTradingGlobal
APPLE STOCKS TREND DOWN AFTER WARREN BUFFET SELLING 50% STOCKApple stock price make high 236.92 and buffet start the selling of apple stock its dumped the price of stock 55.02% now scenario is apple start falling the price of stocks my scenario is you will get the opportunity because my analysis show me a down trend in apple stocks after that buffet selling the stocks price close on Friday around 221.73 i give a scenario to buy stocks on different level . 1. 207.04 $ 2. 197.14 $ 3. 192.36 $ 4. 186.55 $ IF apple stocks break down the level of 164.03 you will see sharp fall in apple stocks. You will invest your wealth so don't be greedy some times institution play games with retail investor so before you invest your wealth look around the your financial condition and your risk because you know its risky some times. we need to wait when institution players enter in the market for manipulation. Wait and watch then enter in the market grow together .
NASDAQ:AAPLShort
by NaviPips
Paradeep Phosphates Ltd | AGRI Momentum StockParadeep Phosphates Ltd | AGRI Momentum Stock Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company. Financial: strong Market Cap = 6,264 Cr. Current Price = 76.8 Face Value = 10.0 ROCE = 11.0 % ROE = 11.0 % Debt to equity =1.14 Promoter holding = 56.1 % Quick ratio = 0.71 Current ratio = 1.06 Profit Var 3Yrs = 17.4 % Sales growth 3Years = 47.1 % Return on assets =3.38 % here I discuss trending sector stock paradeep phosphates. I am technically bullish in this chart. stock is entered in unterritorial chart pattern. now we have to see how it works. as well as stock financial is also good. And coming election would be also plus point for this agri sector stock. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
NSE:PARADEEPLong
by Momentuminvesting5540
SWING IDEA FOR MOMENTUM IT STOCK|CYBERTECHCybertech Systems & Software Ltd Cybertech Systems and Software Ltd provides IT services to customers primarily in USA and India with focus on next-generation geospatial, networking and enterprise It solutions. It offers services that span across all major industries including government, education, utilities, public safety & homeland defence, tech, telecom, retail, healthcare and manufacturinG. Fundamental: strong this stock is now in momentum as well as fundamentally strong. keep in radar. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. technically bullish Thanks and comment freely
BSE:CYBERTECHLong
by Momentuminvesting5540
EURUSD rebounds from key EMAs as bearish channel, US NFP eyedEURUSD remains mildly bid around 1.0830 early Thursday as it defends the previous day’s recovery from the 200-day and 100-day Exponential Moving Averages (EMAs) after the US Federal Reserve’s (Fed) dovish halt of the benchmark rates. It’s worth noting, however, that bearish MACD signals and a week-long descending trend channel challenge the Euro pair buyers ahead of the top-tier activity and employment clues from the US, scheduled for publishing later today and on Friday. That said, the steady RSI (14) line hints at a continuation of the latest rebound. As a result, the bulls should wait for a clear upside break of the stated channel’s top line, close to 1.0855 at the latest, and the US ISM PMIs and Nonfarm Payrolls (NFP) data for conviction. Following that, the quote’s gradual run-up toward the 1.0900 threshold can’t be ruled out. However, an upward-sloping resistance line from early April, near 1.0950 by the press time, followed by the 1.1000 threshold, will be tough nuts to crack for the buyers to crack. On the flip side, an area comprising the 100 and 200 EMAs surrounding 1.0810-800 restricts the short-term downside of the EURUSD pair. If the Euro bears manage to smash the stated EMAs on a daily closing basis, the falling channel’s bottom line will act as the final defense of the sellers around 1.0785. It’s worth noting that the 61.8% and 78.6% Fibonacci ratios of the pair’s April-July rise, respectively near 1.0730 and 1.0670, could act as intermediate halts during the pair’s weakness past 1.0785 and on the way to the yearly low marked in April around 1.0600. Overall, EURUSD is likely to remain firmer but the room towards the north appears limited. Also challenging the pair buyers is the cautious mood ahead of the US ISM PMI and employment figures for July.
by MTradingGlobal
NIFTY TRADING LEVELS FOR 01-08-2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
1
USDJPY drops and pops from 200-SMA on BoJ rate hike, Fed eyedUSDJPY defends the previous day’s retreat from a three-week-old falling resistance line even after the pair’s volatile move post-Bank of Japan (BoJ) announcements. It’s worth noting that the Bank of Japan (BoJ) raised its benchmark rate to 0.25%, from 0.10%, on Wednesday and drowned the Yen pair toward the 200-SMA during the first few minutes. However, the Japanese central bank’s decision to taper bond purchases and cautious tone of economic assessment triggered the quote’s rebound afterward. The US Dollar’s weakness ahead of the Federal Open Market Committee (FOMC) monetary policy meeting also allowed the pair to drop to a multi-day low before bouncing off the key moving average of 151.60. It’s worth noting, however, that the nearly oversold RSI (14) line signals limited downside room for the pair past the 200-SMA support of 151.60. The same highlights the aforementioned short-term resistance line surrounding 153.60 as an immediate hurdle to watch for the buyer’s entry. Following that, the pair’s gradual run-up toward the 100-SMA and previous support line stretched from December 2023, around 155.65 and 158.80 respectively. Meanwhile, the USDJPY pair’s daily closing beneath the 200-SMA support of 151.60 will need validation from 5.5-month-old horizontal support near 151.00-150.90 to keep the sellers on board. Following that, the quote’s weakness toward the 61.8% Fibonacci ratio of late 2023 to July 2024 upside, surrounding 148.50, and then to March’s low of near 146.45 can’t be ruled out. It should be observed that the 150.00 psychological magnet will act as an extra filter toward the south. Overall, USDJPY fails to cheer the BoJ’s rate hike and bounces off the key SMA amid oversold RSI conditions. The same suggests the quote’s further recovery if buyers manage to cross the immediate resistance line and gain support from the hawkish FOMC announcements.
by MTradingGlobal
BOROLTD | Insider NEWS Stock | Don't Miss ⭕ Swing Trading opportunity ! Daily Chart Alert !!!⭕ ====================================================== Technical Reasons to trade or Strategy applied :- 1) Bearish Trendline Bull breakout 2) Accumulation can be seen clearly 3) Volume is increasing as well 4) Trading above 200Ema Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:BOROLTDLong
by ReviveTraders
4
Trident NSE Date - 22 March 2024 Time - 10:30 AM WHAT is, 1. VAH& VAL- The upper limit of the Value Area is called Value Area High (VAH), while the lower limit is referred to as Value Area Low (VAL). These levels can serve as potential entry and exit points for trades. 2. POC- The price level for the time period with the highest traded volume. -As we can see, since last year Trident is doing HH and HL. (Bullish) -After using Fixed Range Volume Tool for both long and medium time periods we have find that 36-37 Rs is where long term VAH volume and medium term POC + 100 Ema is also meeting at same price and creating strong support. -Today's price movement is confirming strong support at 36-37 Rs. So, with a SL of 32.40 (Prev HL) We can LONG Trident for Medium Term. Thank You! Have A Good Day!
NSE:TRIDENTLong
by KRSCharts
GBPUSD drops to resistance-turned-support with eyes on Fed, BoEGBPUSD remains pressured after refreshing a three-week low the previous day. In doing so, the Cable pair extends the mid-week retreat from a year-long horizontal resistance while posting the first daily closing beneath the 21-SMA since July 02, 2024. Apart from that, the bearish MACD signals and the RSI line’s hovering around the 50.00 region also suggest the Pound Sterling’s further weakness. However, a previous resistance line stretched from late July 2023, close to 1.2835 at the latest, restricts the immediate downside of the quote. Following that, 50-SMA and a three-month-old ascending trend line, respectively near 1.2780 and 1.2760, will act as the final defenses of buyers before giving control to the sellers. Meanwhile, GBPUSD buyers will need validation from the 21-SMA hurdle of 1.2872 and monetary policy announcements of the US Federal Reserve and the Bank of England (BoE). Even so, the 78.6% Fibonacci ratio of its July-October 2023 downturn and the aforementioned horizontal resistance region, close to 1.2910 and 1.3000 in that order, will be tough nuts to crack for the Pound Sterling bulls. If the Cable pair stays firmer past 1.3000, the previous yearly peak surrounding 1.3145 will be in the spotlight. To sum up, the GBPUSD pair is likely to decline further but the road toward the south appears long and bumpy.
by MTradingGlobal
Crude Oil rebounds toward 200-SMA as the key week beginsWTI Crude Oil posts more than 1.0% intraday gain early Monday, after declining in the last three consecutive weeks, as energy traders brace for a rollercoaster week comprising multiple central bank announcements and top-tier data. In doing so, the black gold takes clues from a nearly oversold RSI (14) amid cautious optimism in the market. However, bearish MACD signals and the quote’s sustained trading beneath the 200-SMA keep the oil sellers hopeful of visiting the 61.8% Fibonacci retracement of its December 2023 to April 2024 upside, near $75.30. Following that, a seven-month-old upward-sloping support line surrounding $74.40 will be a crucial level for the bears to conquer to keep the reins. In a case where the commodity prices remain bearish past $74.40, it becomes vulnerable to drop toward the previous monthly low of around $72.40. Alternatively, the WTI Crude Oil buyers’ ability to provide a daily close beyond the 200-SMA hurdle of $78.40 won’t give them the throne as a downward-sloping resistance line from early July, close to $79.50, will challenge further advances. Also restricting the commodity’s run-up is the $80.00 threshold and a two-month-old horizontal resistance region near $80.30-60. If the energy benchmark manages to remain strong past $80.60, the 23.6% Fibonacci ratio of around $83.00 and the monthly high of $84.50 will lure the bulls. Overall, the market’s consolidation allows WTI crude Oil to lick its wounds but the bullish trend is far from the reach.
TVC:USOIL
by MTradingGlobal