GOLD SURGES STRONGLY – IS THE SELL SIDE TAKING CONTROL? Yesterday, Gold surged nearly 50 points, climbing from 288x to 2927.x, hitting the key resistance zone that I had previously noted. Immediately after, Gold made a sharp correction, signaling that the Sell side is regaining control in today’s session.
📌 Looking at the D1 timeframe, Gold still shows strong bullish momentum but has reached a critical continuation zone (IP – Important Price), where it has been reacting since yesterday. Today, we anticipate a potential reversal with strong selling pressure, making early SELL entries a solid strategy.
🚨 Key resistance to watch: 2933 – If the price breaks above this level, the BUY side will regain strength, and the SELL plan will be canceled. I will update a new strategy accordingly.
⏳ Trading strategy for today:
🔹 Focus on SELL opportunities in the Asian & European sessions.
🔹 Wait for confirmation in the U.S. session before adjusting the approach.
⚡️ KEY PRICE LEVELS TODAY
📌 Resistance: 2916 - 2927 - 2933 - 2945 - 2954
📌 Support: 2890 - 2886 - 2880 - 2875 - 2860
💎 TRADE SETUPS FOR TODAY
🔹 BUY ZONE: 2876 - 2874
SL: 2870
TP: 2880 - 2884 - 2888 - 2894 - 2900
🔹SELL SCALP: 2926 - 2928
SL: 2932
TP: 2922 - 2918 - 2914 - 2910 - 2900
🔹SELL ZONE: 2945 - 2947
SL: 2950
TP: 2940 - 2936 - 2932 - 2928 - 2920
🚨 IMPORTANT NOTICE
📊 Today's focus will be on the ADP NONFARM report – This key data will provide insights into the U.S. economy ahead of Friday's Nonfarm Payrolls (NFP).
📢 Traders should be extra cautious and strictly adhere to TP/SL rules to protect their accounts from potential volatility.
💰 Wishing everyone a profitable trading session – GOOD LUCK! 🚀🔥
Technical Analysis
GOLD MAINTAINS UPSIDE MOMENTUM AFTER ADP NONFARM DATA RELEASE🔺 Market Overview:
Gold continues to maintain its bullish momentum, having reclaimed key resistance levels after the ADP Nonfarm report was released yesterday. Despite recent U.S. economic data and the uncertainty surrounding tariff policies, the USD has weakened following a brief recovery over the weekend.
🔺 Current Outlook for Gold:
Given the economic news and the candle strength on the chart, I’m still looking for BUY opportunities in Gold. During the Asian and European sessions, we can anticipate BUY setups early, as Gold could reach the key resistance zones, offering good SELL scalping opportunities just like we saw yesterday at the 2928 - 2926 zone, which resulted in a 150-pip profit.
📊 Market Range Today:
The price range today may be sideways as we await important Nonfarm data tomorrow. Pay close attention to the support and resistance levels.
🔸 KEY SUPPORT & RESISTANCE LEVELS
🔺 Resistance Levels:
2928 – 2942 – 2954
🔻 Support Levels:
2904 – 2894 – 2886 – 2874
⌛ TRADING ZONE FOR TODAY
🟢 BUY ZONE:
Entry: 2886 - 2884
Stop Loss (SL): 2880
Take Profit (TP): 2890 - 2894 - 2898 - 2905
🔴 SELL SCALP:
Entry: 2942 - 2944
Stop Loss (SL): 2948
Take Profit (TP): 2938 - 2934 - 2930 - 2925 - 2920
🔴 SELL ZONE:
Entry: 2954 - 2956
Stop Loss (SL): 2960
Take Profit (TP): 2950 - 2946 - 2942 - 2938 - 2934 - 2930
📌 Final Thoughts & Trading Tips:
Key Levels: The key levels have been noted above. Pay attention to the critical support and resistance zones.
Stay Focused: Today, the market is likely to be in a sideways range, so be patient and wait for confirmation before executing trades.
Nonfarm Data: Keep an eye on important Nonfarm data tomorrow. This could trigger significant price movements.
💡 Reminder: Always follow your TP/SL levels to ensure safe trading and protect your capital. Trade with caution and stay disciplined!
Reliance Industries Long Term Chart Analysis 53% Upside PossibleHello everyone, i hope you all would be doing good in your life and your trading as well. Today i have brought an stock which is a ELEPHANT of indian market yes your guess is right, i am talking about Reliance Stock and it is trading inside the long-term trend within an upward rising channel. The price has tested both the upper resistance band and lower support band multiple times, confirming the channel's reliability. Currently, the stock is near the lower support band (1185-1155), making it a high-probability support zone for potential upside moves. A stop loss is placed at ₹986 in case of a breakdown.
The projected targets are set as follows: Short-term target: 1285, Second target: 1400, Medium-term target: 1532, and the Final long-term target: 1800. The analysis suggests a 53% potential upside if the stock respects the lower band and continues its bullish trajectory. Keep an eye on price action for confirmation before entry.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
If you Found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
Gold: Buyers pause above $2,900 amid risk aversion concernsGold is maintaining its bullish momentum for the second consecutive day above $2,900 on Wednesday morning, as buyers take a breather ahead of the crucial ADP employment report in the US. This data could provide fresh insights into the Federal Reserve’s next interest rate move. Meanwhile, risk aversion sentiment fueled by concerns over a trade war may help limit gold’s downside potential.
At the same time, XAU/USD has held above the $2,900 level but retreated slightly from the intraday high of $2,927.91. The daily chart shows that gold has been on an upward trajectory for the second consecutive session, though another strong rally remains uncertain. In the short term, gold appears to be correcting overbought conditions.
Key Levels to Watch
Support levels: $2,894, $2,876
Resistance levels: $2,927, $2,941, $2,956
Double Bottom - Power Finance Corporation (PFC)PFC is currently in the process of forming a Double Bottom chart pattern at a strong support zone, indicating a potential reversal from a downtrend to an uptrend. The price is testing the support area, and the second bottom confirms strong demand in this region. A key signal for a bullish outlook is the breakout of the minor downtrend line, which suggests a shift in market sentiment from bearish to bullish.
Key Observations:
1. The Double Bottom pattern aligns with the psychological support level around ₹400, a significant price point for PFC. A breakout above this level is likely to confirm the continuation of the upward momentum.
2. Expectation of a Higher High and Higher Low series post-breakout, signaling the start of a new uptrend.
3. Strong demand at the current level suggests the probability of a positive breakout that will push the price above ₹400 and possibly higher.
Strategy:
Entry: Look for a clear breakout above ₹400 for confirmation of the pattern's activation.
Stop Loss (SL): Adjust stop loss according to the **measurement rule or follow your preferred trailing method to protect gains.
Target: Expecting an upside move, but avoid setting fixed profit-booking levels. Stay flexible with your exit strategy based on market dynamics.
Conclusion:
The formation of the Double Bottom at strong support, coupled with the breakout above the minor downtrend line, presents an opportunity for a positive price action move. A close above ₹400 could trigger further upside momentum, and staying disciplined with stop losses and trailing profits will help manage the trade efficiently.
WILL THE BULLISH MOMENTUM CONTINUE TODAY?GOLD REVERSING FROM A STRONG DROP – WILL THE BULLISH MOMENTUM CONTINUE TODAY?
Gold experienced a highly volatile session, retracing to fill the GAP and provide liquidity for the lost price data area before rebounding in line with its primary trend. After a sharp drop, BUY momentum gradually returned, closing the daily candle with strong bullish pressure.
Although the ISM Manufacturing PMI data came out positive, it had little impact on the price as market sentiment is currently focused on the new US tariff policies, which could add further pressure on safe-haven assets.
So, will Gold continue its upward momentum today, or is this just a technical correction before further downside? 📉📈 Let's track the key price levels for a well-planned strategy! 🚀
⚡️ KEY PRICE LEVELS TODAY
📌 Resistance: 2892 - 2906 - 2916 - 2930
📌 Support: 2880 - 2872 - 2858 - 2845 - 2835
💎 TRADE SETUP
🔹 BUY ZONE: 2846 - 2844
🎯 TP: 2850 - 2854 - 2858 - 2864 - 2870
⛔️ SL: 2840
🔹 SELL ZONE: 2915 - 2917
🎯 TP: 2910 - 2905 - 2900 - 2896 - 2892
⛔️ SL: 2921
⏳ With no major news releases today, the expected price range is 30 - 35 prices. Stick to TP/SL to protect your account! 🚀💰
BTC - Buy again for Target of 98-100KThis correction is excellent re test of support of Support and once again expecting bounce for target of 98 or 100K. RSI is over sold at the breakout level indicating a good buy level. having 7th march - Bitcoin summit as double support I only expect price to rise again ....
Is #GODREJIND a good setup? Let me know views on the Comment.Here is the chart of #GODREJIND.
Thought the base structure doesn't looks good, here are some of the features:
Formed a Flag-Pole Pattern
Is above 200 SMA
Good Spurt in Volume
Consolidating and forming a TIGHT FLAG
Be cautious, the Market Stance is WEAK and no Long should be initiated. Keep it on the watch list and let's see how it performs.
Let me know your views on the comment box.
Nifty at a 1000-Day Trendline Support - Finally we are here !!Nifty is currently testing a confluence of two long-term trendlines – one from the monthly timeframe (blue line) and another from the weekly timeframe (yellow line). This 1000-day trendline cluster is a major reactive support zone, making this a make-or-break level for the index.
🔍 Key Observations:
✔️ The blue trendline represents a long-term uptrend, making it a crucial level for institutional traders.
✔️ The yellow trendline, which has also acted as a dynamic support, adds strength to this zone.
✔️ A breakdown below this cluster could open doors for further downside
✔️ However, if Nifty holds this level, a strong rebound can be expected, potentially continuing its long-term bullish structure.
🚀 What’s Next?
A weekly close below this zone could accelerate selling pressure.
If buying emerges, this could be a great risk-reward trade for swing and positional traders.
Price action confirmation is key before making any major trading decisions!
🔥 Will this historical support hold, or is a deeper correction coming? Drop your thoughts in the comments! 👇
GOLD FACES KEY RESISTANCE AFTER LAST WEEK'S STRONG DROP🔥 After reaching ATH early last week, Gold saw a significant correction, dropping to 283x before bouncing back from the strong support zone at 2833 - 2835. By the end of the week, Gold retested this level, surging 20 points and closing the weekly and monthly candle at 2857 – a solid position for the BUY side.
🟢 TODAY’S SESSION – GAP OPEN & CURRENT VIEW
At the Sydney & Tokyo open, Gold continued to benefit from last week’s BUY momentum, creating a 15-point GAP and reaching 2870. So far in the Asian session, it has peaked at 2877.
👉 CURRENT VIEW: Gold is likely to drop back to fill the GAP (low liquidity) around 2854 - 2850 before continuing its upward movement. The price is currently reacting in line with this expectation.
⚡️ KEY LEVELS TO WATCH TODAY
📌 Resistance: 2884 - 2895 - 2900 - 2905
📌 Support: 2856 - 2850 - 2845 - 2835
💎 TRADE SETUPS FOR TODAY
🔹 BUY ZONE: 2835 - 2833
🎯 TP: 2840 - 2844 - 2848 - 2854 - 2860
⛔️ SL: 2830
🔹 SELL ZONE: 2904 - 2906
🎯 TP: 2900 - 2896 - 2892 - 2886 - 2880
⛔️ SL: 2910
📢 IMPORTANT NOTES
📆 Today marks the start of a new week and month, so it's crucial to closely monitor price reactions. Key economic reports like ADP and NFP are scheduled this week, so risk management is essential. Stick to TP/SL levels to protect your account!
CNXFINANCE seems stronger compared to NIFTY50. Disagree?Refer to the enclosed comparison of NSE:CNXFINANCE and $NIFTY50.
NSE:CNXFINANCE looks stronger than $NIFTY50 and is evidenced by some Finance sector stocks coming out of the base.
Have a look at NSE:BAJFINANCE , NSE:BAJAJFINSV , NSE:CHOLAFIN , NSE:CHOLAHLDNG and NSE:SHRIRAMFIN
But given the Market Stance, which is too Weak, I prefer to Watch all these stock than trade.
What's your view?
Gold Price Analysis: Breakout, Pullback & Next Support LevelsHello Traders! In today's post, we’ll explore the technical analysis of Gold, one of the most reliable assets that traders look to for long-term gains. It’s an important tool for identifying potential breakout points in trending markets. If you want to learn how to trade these breakouts effectively, mastering the patterns in Gold is essential.
This chart of Gold (CFDs on Gold in USD) gives us a clear picture of the recent price movement and key levels to watch. After a period of consolidation, we saw a strong breakout towards the end of February 2025, signaling a continuation of the bullish trend. The price shot up, hitting notable targets a 10% gain to 253.91 and then another 10% to 267.34. However, as with any trend, there was a minor pullback, around a 2.31% drop, which is something traders should keep an eye on.
Now, the next crucial level to watch for Gold is the support zone around 2,791.048. If the price retraces and touches this support, it could be a strong buying opportunity for traders who are looking for a good entry point. The key here is whether Gold holds above this support level; if it does, the upward momentum could resume, leading to higher highs. This chart is a great reminder that while the market moves in waves, understanding these key levels helps us stay ahead in the game.
Disclaimer:- This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
Bitcoin - Targets 116K 126K 148KIn chart i have shown why price is holding at 83K and may not fall further now. Price height from Point of Control to ATH is all most equal to the price range from POC to low of 83 K . IT could have been taken support at 87 or above 83 but due to fear it has seen 83. True some selling came from various sources and little frauds too. But still price is acting technically now. And in wave theory its completion of 4th wave and once support seems to be taking at 83K and move in 5th wave then targets are coming as 116, 126 and 148 K. Serious. These are 5th wave levels as per wave theory. BTC is sure Bullish and soon +ve news are expected and price will follow the Bullish trend. Time duration is not sure up price will march up and up only
Understanding Bullish & Bearish Candles FormationHello Traders!
In today’s post, we’ll be discussing the Candlestick Formation setup, which is essential for reading price action and identifying potential trend reversals. Candlestick patterns are a crucial tool for traders to understand market sentiment and predict future price movements. Let’s break down the two most common formations: Bullish Candlestick and Bearish Candlestick .
Bullish Candlestick Formation Setup
What is a Bullish Candlestick?
A bullish candlestick appears when the price closes higher than it opened. This formation suggests that buyers are in control and the price is likely to rise further.
Key Components of the Bullish Candlestick:
Body : The green section between the open price and the closing price . This is the main body of the candle, indicating the price movement during that time period.
Wicks : The thin lines above and below the body of the candle. The upper wick shows the highest price reached during the period, while the lower wick shows the lowest price.
Closing Price : The point at which the price closed for the trading period. A higher closing price indicates strong bullish momentum.
Open Price : The price at which the asset opened at the start of the trading period.
Low & High : The low is the bottom of the lower wick, and the high is the top of the upper wick.
When to Look for Bullish Candlesticks?
A bullish candlestick typically forms at the bottom of a downtrend, indicating a potential reversal or continuation to the upside. It’s a signal that the market is gaining upward momentum.
Bearish Candlestick Formation Setup
What is a Bearish Candlestick?
A bearish candlestick forms when the price closes lower than it opened. This indicates that sellers have control, and the price might continue to fall.
Key Components of the Bearish Candlestick:
Body : The red section between the open price and the closing price , representing downward price movement during the period.
Wicks : Similar to the bullish candlestick, the upper wick shows the highest price during the period, and the lower wick shows the lowest.
Closing Price : The point at which the price closed during the period, showing the downward momentum of the asset.
Open Price : The price at which the asset opened, showing the start of the downward movement.
Low & High : The high is at the top of the upper wick, and the low is at the bottom of the lower wick.
When to Look for Bearish Candlesticks?
A bearish candlestick typically forms at the top of an uptrend, signaling a possible trend reversal or a continuation to the downside. It suggests that selling pressure is building up.
Key Differences: Bullish vs Bearish Candlesticks
Bullish Candlestick:
The close is above the open .
Indicates upward price movement or buying strength.
Appears during a downtrend reversal .
Bearish Candlestick:
The close is below the open .
Signals downward price movement or selling pressure.
Appears during an uptrend reversal .
Trading with Candlestick Formations
Confirm the Trend : Look for candlestick formations at key levels, such as support and resistance, or after a strong uptrend or downtrend.
Use Multiple Candles : Don’t rely on just one candlestick. Look for multiple bullish or bearish candles to confirm the direction.
Combine with Other Indicators : Use candlestick patterns in conjunction with technical indicators like RSI, MACD, or moving averages for stronger confirmation.
Pay Attention to Volume : High volume with a bullish or bearish candlestick gives more weight to the signal.
Conclusion
Candlestick formations are one of the most powerful tools in a trader’s arsenal. By understanding the bullish and bearish setups, you can predict market movements and make informed decisions. Remember, always confirm the pattern with other indicators and never trade based on just one candlestick.
What candlestick patterns do you use in your trading strategy? Let me know in the comments!
what is fundamental analysis ?1. Introduction
Fundamental analysis determines the intrinsic value of an asset by analyzing economic, financial,
and qualitative factors.
It is crucial for long-term investment decisions and involves evaluating financial statements, industry
trends, and macroeconomic factors.
2. Key Components of Fundamental Analysis
A. Quantitative Analysis:
- Balance Sheet (Assets, Liabilities, Shareholder's Equity)
- Income Statement (Revenue, Profit, Expenses)
- Cash Flow Statement (Operational Cash Flow)
- Financial Ratios (EPS, P/E Ratio, ROE, Debt-to-Equity)
B. Qualitative Analysis:
- Business Model & Competitive Advantage
- Management Quality & Leadership
- Market Share & Industry Trends
- Economic Indicators (GDP, Inflation, Interest Rates)
3. Fundamental Analysis vs. Technical Analysis
- Fundamental Analysis: Focuses on company financials, economy, and intrinsic value (Best for
long-term investments).
- Technical Analysis: Focuses on price trends, charts, and indicators (Best for short-term trading).
4. How to Conduct Fundamental Analysis?
- Analyze Economic & Industry Trends
- Evaluate Company?s Financials & Growth Potential
- Compare Financial Ratios with Competitors
- Determine Intrinsic Value Using Valuation Models
5. Advantages & Limitations
? Advantages:
- Identifies long-term investment opportunities.
- Provides deep insights into a company's value.
- Reduces emotional trading decisions.
? Limitations:
- Time-consuming process.
- Not suitable for short-term trading.
- Market sentiment can temporarily override fundamentals.
6. Conclusion
Fundamental analysis is a powerful tool for investors to make informed decisions.
Combining it with technical analysis can improve accuracy and risk management.
Disclaimer:
This content is for educational purposes only and does not constitute financial advice.
GlobalTradeView is not SEBI registered.
The Ascending Triangle Pattern: A Bullish Continuation GuideHello Traders!
In today's post, we’ll explore the Ascending Triangle Pattern , one of the most reliable bullish continuation patterns that traders look for during uptrends . It’s an important tool for identifying potential breakout points in trending markets. If you want to learn how to trade these breakouts effectively, mastering the Ascending Triangle is essential.
Chart Pattern: The Ascending Triangle is a strong bullish continuation pattern. In the case of ASIAN PAINTS LTD , we see the price action forming a flat resistance at the top and a rising upward sloping support at the bottom, indicating that the bulls are gradually taking control of the stock.
Key Points to Note:
The stock is respecting the flat resistance , which has been tested multiple times (marked by the red circles).
The upward sloping support is strengthening with each new low, showing growing buying pressure.
The price has recently broken out above the resistance , confirming the breakout pattern.
Trading Strategy:
Entry Point : Once the price breaks the resistance level, consider entering at 1,172.45 .
Stop Loss : Set your stop loss just below the upward sloping support at 1,151.25 to manage risk.
Profit Target : The ideal target after the breakout is approximately 1,261.65 , which is calculated by measuring the height of the triangle and projecting it upward from the breakout point.
Real-World Application:
This is a bullish setup , and traders should keep an eye on volume confirmation post-breakout. A breakout with increased volume would make the setup even stronger. A price move towards the target of 1,261.65 would indicate a successful breakout trade.
Risk Management:
Ensure that you follow your stop loss at 1,151.25 to avoid unnecessary losses in case the breakout fails.
Position size properly to align with your risk tolerance and the potential reward.
What This Means for Traders:
Bullish Setup : The ascending triangle signals that the bulls have control, and we expect the stock to continue higher.
Watch for confirmation of the breakout and enter with confidence, but always be prepared with your stop loss.
Conclusion:
This ascending triangle is a classic pattern, and it offers a great opportunity for long traders . Keep an eye on the breakout, manage your risk, and this trade could potentially yield solid returns.
The Falling Wedge Pattern: A Guide to Catching Bullish BreakoutsFalling Wedge Pattern: A Continuation Chart Pattern
Hello Traders!
In today's post, we’ll explore the Falling Wedge Pattern , one of the most reliable continuation patterns that traders look for during uptrends. It’s an important tool for identifying potential breakout points in trending markets. If you want to learn how to trade these breakouts effectively, mastering the Falling Wedge is essential.
The Falling Wedge pattern typically forms during an uptrend and consists of converging trendlines, where the price makes lower highs and lower lows. However, despite the price being pushed lower, the momentum starts weakening, and eventually, the price breaks above the upper trendline, signaling a continuation of the prevailing uptrend .
What is the Falling Wedge Pattern?
The Falling Wedge Pattern is characterized by two converging trendlines, where the upper trendline slopes downward more steeply than the lower trendline. This pattern shows a decreasing range between highs and lows, and when the price breaks above the upper trendline, it indicates a continuation of the uptrend .
Key Characteristics of the Falling Wedge Pattern
Uptrend Prior to the Pattern: The Falling Wedge pattern forms during a strong uptrend , signaling that the market is taking a brief pause before resuming the previous momentum.
Converging Trendlines: The pattern consists of two downward-sloping trendlines that converge, with the upper trendline steeper than the lower one. This shows that the selling pressure is weakening.
Breakout Confirmation: A bullish breakout occurs when the price breaks above the upper trendline, signaling the continuation of the uptrend .
Volume Increase on Breakout: The breakout is confirmed when there is an increase in volume, indicating strong momentum behind the move.
How to Trade the Falling Wedge Pattern?
Entry Point: The ideal entry point is when the price breaks above the upper trendline, confirming the bullish breakout .
Stop Loss: Place your stop loss just below the lower trendline or the most recent swing low to protect your trade from sudden market reversals.
Profit Target: Measure the height of the wedge and project that distance upward from the breakout point to determine the price target .
Risk Management Considerations
Position Sizing: Adjust your position size based on your risk tolerance and the distance between the entry point and the stop loss.
Stop Loss Placement: Make sure to place your stop loss in a way that minimizes risk but still gives enough room for the trade to move in your favor.
Wait for Confirmation: Always wait for the breakout confirmation, and make sure that the price action is supported by an increase in volume.
What This Means for Traders
The Falling Wedge pattern is an excellent tool for traders who are looking for reliable continuation trades in strong uptrends. It can help identify breakout points and offer favorable risk-to-reward setups when combined with other technical indicators.
Look for the Falling Wedge pattern during uptrends to identify high-probability continuation trades.
Confirm with volume to ensure the breakout is backed by strong momentum.
Use stop loss placement to manage risk effectively while targeting favorable risk-to-reward ratios.
Conclusion
The Falling Wedge pattern is a reliable continuation pattern that can help traders identify breakout opportunities in trending markets. By mastering its formation, waiting for the breakout confirmation, and managing risk effectively, you can increase the chances of a successful trade in the uptrend .
Have you traded the Falling Wedge pattern before?
Share your experiences and thoughts in the comments below! Let’s continue learning and growing as traders!
Senores Pharma: Cup & Handle - Ready for Some Action?NSE:SENORES
Senores Pharma is forming a potential cup and handle on the daily timeframe. A breakout attempt on Feb 6, 2025, failed to sustain above ₹607.35 as selling pressure came in second half.
Now, the cup and handle pattern is progressing, making next week crucial. A close above ₹607.35 is the key level to watch for confirmation.
Volumes are rising, with today's volume (Feb 21, 2025) nearly 5x yesterday's. The stock's resilience despite market pressure indicates strength.
Cup and Handle pattern usually don't disappoint so would be interesting to watch.
Senores Pharmaceuticals is a research-driven company focused on developing specialty pharmaceutical products for regulated markets. The company has shown impressive financial performance:
Recent Financials (Q3 FY25):
Net Sales: ₹106.4 crore (up 35% YoY from ₹78.7 crore in Q3 FY24)
QoQ Performance: Increased from ₹104.4 crore in Q2 FY25 (up 1.92%)
EBITDA: ₹29.1 crore (up 92% YoY)
PAT: ₹17.2 crore (up 142% YoY from ₹7.1 crore in Q3 FY24)
9MFY25 Performance:
Total Revenue: ₹288.1 crore (up 157% YoY from ₹112.1 crore in 9MFY24)
PAT: ₹40.7 crore (up 162% YoY)
Market Position : The stock has outperformed its sector and the broader Sensex, achieving consecutive gains over the past month and trading above multiple moving averages.
Future Projections : Management anticipates a top-line growth of 50%-60% for FY26, with plans to launch five new products in the current quarter.
Strategic Focus : Continued investment in R&D and infrastructure development is expected to enhance manufacturing capabilities and expand product offerings.
Abandoned Baby Pattern: A Powerful Reversal Tool for TradersHello Traders!
Today, let’s dive into the Abandoned Baby Pattern , an exciting and reliable candlestick pattern that can provide powerful reversal signals. Known for its ability to mark trend reversals, this pattern is a must-know for traders looking to enter at the right moment after a trend shift.
What is the Abandoned Baby Pattern?
The Abandoned Baby is a three-candle pattern that signifies a potential trend reversal. It occurs after a strong price move, usually at the end of an uptrend or downtrend. The pattern consists of the following candles:
A strong price movement in the trend direction (either bullish or bearish).
A gap down (for bullish reversal) or gap up (for bearish reversal) candle that opens and closes outside the previous candle’s range, signaling indecision.
A gap in the opposite direction , completing the pattern, and signaling a trend reversal.
Key Characteristics of the Abandoned Baby Pattern
Gap Down or Gap Up: The second candle gaps away from the first one, showing indecision and setting the stage for a reversal.
Trend Reversal: The Abandoned Baby pattern typically indicates that the trend is about to reverse.
Confirmation Candle: The third candle is the confirmation of the reversal, showing the direction of the new trend.
Volume Surge: Look for a spike in volume on the third candle to confirm the reversal.
How to Trade the Abandoned Baby Pattern?
Entry Point: Enter a position once the third candle closes, confirming the reversal direction.
Stop Loss: Place your stop loss just below (for a bullish reversal) or above (for a bearish reversal) the third candle to manage risk.
Profit Targets: Use a risk-to-reward ratio to set your profit targets, or measure the distance from the base to the top of the pattern for a more precise target.
Real-World Application: Nifty 50 Case Study
Looking at the Nifty 50 chart, we can clearly see the Abandoned Baby Pattern signaling a strong trend reversal. After the gap down and the formation of the three candles, the price broke out in the new direction, with clearly marked targets for potential trades.
Risk Management Considerations
Position Sizing: Always adjust your position size according to your risk tolerance and the volatility of the pattern.
Stop Loss Placement: Properly place the stop loss to avoid getting caught in false breakouts.
Patience & Confirmation: Wait for the third candle to close before entering the trade for confirmation of the reversal.
What This Means for Traders
The Abandoned Baby pattern is a great tool for spotting trend reversals. Combining it with other technical analysis tools like volume and support/resistance levels will make it even more effective.
Look for the pattern at the end of a strong trend to increase the probability of a successful reversal.
Confirm with volume for added reliability.
Use stop losses to minimize potential losses while targeting favorable risk-to-reward ratios.
Conclusion
The Abandoned Baby Pattern is a powerful tool for traders, signaling a strong trend reversal. By understanding its structure and how to trade it effectively, you can spot high-probability setups for profitable trades.
Have you traded using the Abandoned Baby pattern?
Share your experiences in the comments below! Let’s learn and grow together as traders.