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Technical Analysis

AUD/JPY Bearish Outlook: Potential Breakdown Toward 83.516?1. Chart Pattern: Descending Wedge/Channel The chart shows a clear downward sloping channel, indicating a bearish trend. Price has been making lower highs and lower lows, suggesting selling pressure. 2. Key Levels Resistance: The upper boundary of the descending channel acts as resistance. Support: The lower boundary of the descending channel serves as support. Major Target: The projected price movement (indicated by the arrow) suggests a drop toward 83.516, which appears to be a strong support level. 3. Moving Average (EMA 200) The 200 EMA (94.639) is being tested. If price breaks below the 200 EMA, it could signal further downside. 4. Recent Price Action The price is currently at 95.848, having dropped -1.43% in the latest session. If it fails to hold this zone, a breakdown could accelerate selling pressure. 5. Bearish Breakdown Scenario A break below 95.000 could trigger further selling. If price follows the projected path, a move to 83.516 is possible. Conclusion Bearish bias in the medium term. Watching for a breakdown below 94.639 (200 EMA) for confirmation. If the lower channel support holds, a bounce could occur. Traders should look for confirmation signals before entering a position.
by MrStellanSight
Nifty 50 | Falling Wedge Pattern – A Bullish Breakout Ahead?Hello everyone! I hope you all are doing great in life and in your trading journey. Today, I have brought an in-depth analysis of Nifty 50 , focusing on a powerful Falling Wedge Pattern that is currently forming on the charts. This pattern is known for signaling a bullish reversal , provided we get a confirmed breakout . If this pattern plays out as expected, we could witness a strong upward move in the coming sessions. Currently, Nifty is trading near a strong support zone around 22,777 – 22,900 , where buyers have previously shown interest. The price is moving within a converging downward-sloping range , indicating that selling pressure is weakening . Key resistance levels to watch post-breakout include 23,700, 24,207, 24,781, 25,191, and 26,277 , with a stop-loss placed below 22,777 to manage risk effectively . However, this analysis holds true only if Nifty breaks out of the Falling Wedge Pattern; until then, caution is advised. If the breakout is confirmed with good volume, we might see a strong rally ahead, potentially targeting the marked resistance levels. As always, patience and discipline are key—wait for confirmation before making any trading decisions. 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!
NSE:NIFTYLong
by TraderRahulPal
30
USD/JPY Market Update: Support Holds and Resistance Levels AheadUSD/JPY has held firm at the support level and is now returning to a buy zone. Currently, the market is at 156.500, with the next resistance level set at 159.000. I’ve explained the market clearly in my chart analysis for easier understanding. If anyone has questions, feel free to ask in the comments or send me a message in my inbox. Thank you for your support—like, comment, and follow for more updates!
Long
by MrStellanSight
2
XAUUSD Analysis: Potential Bearish Pullback Towards Key Support📉 XAUUSD Daily Analysis 🔍 🚨 Potential for a Bearish Pullback 🚨 Gold (XAUUSD) is showing signs of a potential downward move after rejecting a key resistance level. If this momentum continues, we could see the price heading towards the support zone at 2680/2670. 💡 Key Insights: 📌 Market rejection at resistance = possible bearish momentum. 📌 Target support area: 2680/2670. 📌 Risk Management: Stick to 1-2% risk on trades. ⚠️ Historical Note: When the market last hit an all-time high, it saw a sharp one-day drop. Stay cautious! 💬 Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively.
OANDA:XAUUSDShort
by MrStellanSight
3
BITCOIN EYES ON A BULLISH BREAKOUT (READ_CAPTION) !!💹 #BTCUSDT Analysis 📈 Bitcoin is showing signs of a bullish continuation pattern and is heading towards its support trendline. 🟢 If the price holds strong at this level, we could see price growth and a potential upward breakout. 🚀 🔥 Key Level: Support Trendline 🛑 Watch closely for confirmation before entering the market. Patience is key! 🧘‍♂️ Let’s see if Bitcoin is ready to take off! 🌟📊
Long
by MrStellanSight
1
BTC - Book Profits to re enter at lower priceThe much-awaited action from new president is getting delayed and it has caused bitcoin price to get rejected at previous high or not willing to spike up further. The much-wished banana spike does still not come. when we draw lines and see price is about to see small correction now. Its not safe to take fresh shorts but its good and safe to book profits now for sure. It will help to re enter at lower price below 98 or 92 K if it comes and any small lower levels compared to price at 107 or 106 K now. Take your own decision and any news from president office will move the price swiftly on either side. If you do not wish to take risk of losing your positions may hold on for days and do not mind missing the volatility opportunities.
by venkatfx
2
NZDUSD: The Calm Before a Bearish StormNZDUSD has broken below the 50/20 EMA on the 4-hour timeframe chart. The price experienced a sharp decline, followed by a corrective pause that appears to form an expanded flat correction. Wave (C) completed at 0.5692 . The ATR has decreased to 0.00189 , while the ADX has dropped to 22.87 . The impulsive move is expected to occur downward. If the price breaks below wave B at 0.55870, it may reverse from the following targeted Fibonacci levels : 0.5555 (1.618) and 0.5470 (2.618). We will update further information soon.
by forextidings
1
Nifty 15-Minute Chart Analysis for Intraday Levels 21st-Jan-2025Hello Everyone, i hope you all will be doing Good in your life and your trading as well. Let's start analysis on NIfty for Intraday Levels. The chart highlights a well-defined No Trading Zone between 23,262 and 23,410. This area indicates indecision, where trading may lead to unfavorable outcomes. Patience is key while waiting for a breakout. Here’s what happens: A move above 23,410 may indicate bullish strength, leading to potential targets of 23,522 and 23,591. Conversely, a move below 23,262 may signal bearish momentum, paving the way for levels like 23,162 and 23,061. These levels act as decision points for intraday traders. A breakout above or below these zones could set the tone for the day. The RSI indicates underlying strength, but confirmation from price action is essential. 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!
NSE:NIFTY
by TraderRahulPal
ITC: A Strong Bullish Setup for Swing TradersHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought A Perfect Bullish Setup for Smart Traders In ITC Ltd. Let's start: ITC is back in action! This stock has caught my attention with its textbook-perfect breakout, making it a solid opportunity for swing traders and long-term investors. With the hotel business demerger complete, ITC is laser-focused on its core strengths—FMCG, Cigarettes, and Agri-business. The chart speaks volumes with an Ascending Triangle Pattern, signaling a breakout that’s hard to ignore. Here’s what’s happening: Ascending Triangle Breakout: Higher lows and strong buyer interest pushed the price above 492, confirming the breakout with volume. Projected Move: After a 38% rally in 2023, ITC continues its bullish momentum with targets set at 492, 550, and 605. If 605 is breached, 650 is on the cards! Entry and Stop Loss: Best accumulation zone lies between 442-431, backed by the upward trendline. Keep a stop loss below 391 to manage risk. Why ITC Deserves Attention: ITC’s valuation is still attractive with a low P/E ratio and one of the best dividend yields in the market. FMCG growth and resilient cigarette margins are driving the stock higher in the short term. Long-term investors will love its diversification, sustainability focus, and consistent performance. My Take: ITC is showing all the right signs of strength. This setup is not just for traders but also a gem for long-term portfolios. Keep an eye on ₹605—this could be the level where momentum shifts to the next gear. 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!
NSE:ITCLong
by TraderRahulPal
6
Volatility Contraction Pattern (VCP)-Breakout Strategy ExplainedHello everyone! I hope you’re doing great, not just in life but also in your trading journey. Today, I’m here to share something exciting—a strategy I started using just a few months ago. It’s been performing really well for me, and I’m confident that if you use it properly, you’ll see great results too. So, without wasting any more time, let’s get straight to it. Here we go! Volatility Contraction Pattern (VCP): A Blueprint for Explosive Breakouts The Volatility Contraction Pattern (VCP) is one of the most powerful chart patterns I’ve come across. It reveals when a stock is gearing up for a significant breakout. By understanding how price tightens over time and paying close attention to volume behavior, traders can catch high-probability moves before they unfold . Let’s take a closer look at this concept using the example shown in the chart above. What Is the VCP? The VCP is all about price contractions. Here’s what typically happens: Each pullback becomes smaller, signaling reduced volatility. Volume starts to decline, which shows that sellers are losing steam. Finally, the breakout occurs, often with a surge in volume, confirming the move. It’s like a spring coiling tighter and tighter until it bursts free. Step-by-Step Breakdown of Chart above 1. First Contraction (-19.31%) This is where the pattern begins. The stock sees a sharp correction of 19.31%, showing some initial volatility. At this point, volume begins to decrease, which is the first clue that sellers are starting to back off. 2. Second Contraction (-9.34%) The price recovers but pulls back again, this time by just 9.34%. This smaller contraction is a clear sign of the tightening price action, which is a hallmark of the VCP. 3. Third Contraction (-6.70%) Another pullback happens, but now it’s even smaller—just 6.70%. Volume continues to decline during this phase, further confirming that selling pressure is steadily fading. 4. Fourth Contraction (-4.56%) The final contraction is the tightest of all, with a pullback of only 4.56%. At this stage, the price is moving in a very narrow range, setting the stage for the big breakout. Breakout The stock finally breaks above the ₹5,000 resistance zone with a surge in volume. This is the signal traders wait for—the confirmation that buyers are stepping in with strength. How to Trade the VCP Here’s how you can trade this pattern effectively: Spot the Pattern: Look for a sequence of contractions where each pullback is smaller than the previous one. Draw trendlines connecting the highs and lows to visualize the tightening range. Volume Behavior: Make sure that volume decreases during contractions and spikes significantly on the breakout. Entry Point: Enter the trade when the price breaks above the resistance level with high volume (₹5,000 in this case). Stop-Loss Placement: Place your stop-loss slightly below the last contraction low (₹4,500 here) to limit your risk. Profit Targets: Use trailing stops or set predefined targets based on previous price movements to lock in your gains. Key Observations on the Chart Take a moment to review the chart above, and here’s what stands out: Resistance Zone (₹5,000): The resistance level acted as a strong barrier, containing price until the breakout. Consolidation Zone: The price moved within a tightening range, building up energy for the breakout. Volume Behavior: Volume steadily declined during each contraction, and a spike in volume confirmed the breakout. Breakout Candle: The large breakout candle above ₹5,000 was the ultimate signal for entry. Why Does the VCP Work? The VCP reflects the psychology of the market: Fear Fades: Each contraction shows that sellers are losing control. Demand Grows: Buyers quietly step in, creating higher lows. Energy Builds: As price tightens, the stock prepares for an explosive move. Context Is Key: The VCP works best in trending markets or fundamentally strong stocks. Always consider the bigger picture . Volume Is Crucial: Without a volume surge, breakouts might not sustain. Be cautious of false signals. Conclusion The Volatility Contraction Pattern (VCP) is a highly reliable setup for spotting breakout opportunities. Once you master this pattern, you’ll be able to identify and trade high-probability moves with confidence. Take a close look at the chart above to see how this setup played out in this example. Have you noticed similar patterns in other stocks? Share your thoughts in the comments—I’d love to hear your insights! If you found this strategy or educational content helpful, don’t forget to hit the like button and show your support. It keeps me motivated to share more valuable insights with you all! 😊
NSE:BSEEducation
by TraderRahulPal
3
Introducing Stock Case Studies HCC Journey from Lows to BreakoutCase Study:- Hindustan Construction Co. (HCC) – Journey from All-Time Low to Potential Breakout Hello everyone! I hope you’re doing amazing, both in life and your trading journey. I’m so excited to introduce something new and special to you all – Stock Case Studies! This series is all about diving deep into specific stocks, combining technical and fundamental analysis to uncover actionable insights. The goal? To help you make smarter and more confident investment decisions. And guess what? This isn’t just a one-time thing! I’ll be sharing a new case study with you every Sunday between 12:30–01:00 PM , so be sure to tune in and join me on this learning journey. Now, let’s get started with our very first case study on Hindustan Construction Company (HCC) – a stock that has seen incredible highs and lows but is now showing signs of an inspiring recovery. 1. Technical Analysis Falling Resistance Trendline: For years, HCC was stuck under a falling resistance trendline that held back its upward movement. But here’s the good news – the stock has finally broken free from this trendline, which could signal a fresh bullish phase. Upward Support Trendline: The stock has found strong support around the 33-34 zone, forming an upward support trendline. It’s been making higher lows consistently, which shows growing interest and positive sentiment. Neckline Resistance at 42: HCC recently crossed its neckline resistance at 42, a key level it struggled to break in the past. This breakout has opened the door for further upward potential. Current Setup and Key Observations: Consolidation Zone: Right now, the stock is consolidating near 33-34 while holding the upward trendline . This level is crucial for its next move. Next Resistance Level: Immediate resistance at 63. Any breakout above 63 could take it toward the all-time high of 119.02 . Volume Trends: There have been noticeable volume spikes, which means buyers are stepping in, and momentum is building. 2. Fundamental Analysis Company Overview: Hindustan Construction Company (HCC) has been a pillar of India’s infrastructure development for almost a century! From building dams to highways, tunnels, and even nuclear power plants, HCC has left its mark. Key Revenue Streams: Construction Projects: The company’s primary business involves massive infrastructure projects across India. Real Estate: Diversification into real estate has added stability to its portfolio. Infrastructure Development: HCC has been part of iconic projects, ensuring long-term opportunities. Financial Challenges: Like many infrastructure firms, HCC has faced its share of struggles: High Debt Levels: The company’s debt burden has put pressure on cash flow. Delayed Payments: Payments from government clients often get delayed, impacting liquidity. Profitability Issues: Managing rising costs and timely project delivery has been a challenge. Strengths: Over 95 years of expertise in large-scale projects. Strong ties to government projects , ensuring a steady pipeline of work. The infrastructure sector is a key focus area for India’s growth, giving HCC long-term potential. Weaknesses: Debt Overhang: The company urgently needs to bring down its debt. Profit Margins: Delays and rising costs have squeezed profitability. 3. Implications for Traders and Investors For Traders: Keep a close eye on the 33-34 support zone . If this level holds, it could lead to a strong upward move. Watch for a breakout above 63 – this could unlock exciting short-term opportunities. For Long-Term Investors: While the technical setup looks solid, don’t overlook the fundamentals . The company’s ability to manage its debt and improve margins will be crucial for its sustained growth. 4. Lessons Learned Volatility in Infrastructure Stocks: HCC’s journey shows how quickly fortunes can change in this sector, driven by policy changes and economic cycles. Power of Technical Analysis: Spotting key levels like support, resistance, and volume trends can make all the difference in your decisions. 5. Conclusion Hindustan Construction Co. (HCC) is a story of resilience. After hitting rock bottom, the stock has bounced back with impressive momentum. Technical indicators suggest there’s more upside potential, but the climb to its all-time high of 119.02 will require consistent breakouts and solid fundamentals. This case study highlights why combining technical and fundamental analysis is so essential. I hope it inspires you to look deeper into your investment decisions. Stay Tuned for More Case Studies! I’ll be back with another case study next Sunday between 12:30–01:00 PM , so don’t miss out! As a moderator on TradingView , I’m dedicated to creating a space where traders and investors can grow together. Let’s continue learning and improving as a community, one step at a time! If you enjoyed this case study or have feedback, I’d love to hear from you. 😊 Warm regards, @TraderRahulPal
NSE:HCC
by TraderRahulPal
6
Nifty 50: Breakdown in Channel with Key Support Levels AheadHello guy's i hope you all will be doing good in your life and your trading as well. Today i have brough an analysis on Nifty 50 Index as it is showing signs of weakness after a confirmed breakdown in the descending channel. This breakdown has significant implications for the short-term trend, indicating that bearish momentum could dominate unless strong support levels hold. Let’s break this down further: Breakdown in the Channel: The price has decisively broken below the lower boundary of the descending channel, indicating bearish sentiment. This suggests that sellers are in control, and any recovery attempts might face strong resistance at higher levels. Resistance Zone at 24,056.25: The zone near 24,056.25 acts as a key resistance. This level marks the upper limit where selling pressure could resume if there’s a pullback. Traders should watch this level closely, as a failure to break above it will reinforce the bearish outlook. Next Immediate Support at 23,257.90: The level 23,257.90 represents the next critical support. Buyers may attempt to defend this zone to prevent further downside. A breach of this support could lead to an accelerated sell-off. Lower Support at 22,158.75: If the selling pressure continues, the price could head toward the 22,158.75 level, which is a significant area of interest. This zone aligns with the lower projections and could act as a strong base for a potential reversal. Volume Observation: The volume spike during the breakdown adds weight to the bearish case. Sustained high volume on declines would confirm the continuation of the downtrend. Bearish Projection: Based on the price structure, a breakdown typically leads to a retest of prior support levels. In this case, the index could test levels closer to 22,158.75 if the bearish momentum persists. The descending pattern further supports the possibility of a continuation in the downtrend. Outcome: Traders should remain cautious as the short-term bias remains bearish. Monitoring the 23,257.90 support is crucial, as a breakdown below this level could open the door for further downside. On the flip side, any recovery attempts would need to overcome the 24,056.25 resistance zone to change the narrative. Key Takeaways: Watch 23,257.90 for support and 24,056.25 for resistance. Below 23,257.90, the next target is likely 22,158.75. A sustained move back into the channel would invalidate the bearish setup. Disclaimer: This post is for educational purposes and not financial advice. Always do your research and manage your risk. Don’t forget to like and follow for more trading ideas like this. Check out my profile @TraderRahulPal for other detailed insights into technical and fundamental setups. Let’s grow together!
NSE:NIFTYShort
by TraderRahulPal
Technical Analysis of Gopal Snacks Ltd....TRADE FOR LATERINVEST BEFORE READ CAREFULLY / TAKE TRADE ON YOUR OWN RISK RISK~REWARD PROFILE = 5.91:1 NSE:GOPAL SANEKS Technical chart Observations:- ~Price Correction:- The stock corrected around 29%, possibly due to the negative news (fire in a warehouse). The price appears to be approaching a strong psychological support level at ₹335. ~Pattern Formation:- A potential Head and Shoulders pattern is visible, signaling a bearish reversal that already played out. The price dropped significantly post-pattern completion. ~Support Level:- Key support is around ₹322.80, which is highlighted as the entry point for a possible bounce. Stop-loss (SL) is marked at ₹304.50 to limit downside risk. ~Target Levels (TP):- ~TP1: ₹362.30 ~TP2: ₹386.35 ~TP3: ₹430.95 ~Volume:- The trading volume on the recent downtrend is moderate, indicating cautious selling. ~Trend:- Currently in a downtrend but nearing a critical psychological support zone. Trading Strategy: Wait for Confirmation: Enter the trade only if the price shows a clear bounce or reversal signs at the ₹322.80 level. ~Risk-Reward:- Stop-loss: ₹304.50 (downside ~₹18.30 per share). Target 1 (TP1): ₹362.30 (upside ~₹39.50). Risk-reward ratio is favorable if TP1 is achieved. ~Notes:- This is a counter-trend trade (going against the dominant downtrend), so caution is advised. Monitor closely for any trend continuation or reversal indicators (e.g., candlestick patterns or volume spikes). The highlighted targets (TP1-TP3) should be treated as milestones—book partial profits at each. Final Note: This chart suggests a well-structured trade setup, but execution depends on confirmation of price action near the support zone. Traders should monitor market sentiment, news updates, and technical signals before entering the trade. Disclaimer: I am not a SEBI-registered advisor. These levels are for educational purposes only. Please trade at your own risk. Consult a professional financial advisor for tailored advice. Like and share if you found this helpful! LIKE,SHARE,SUBSCRIBE @Alpha_strike_trader
NSE:GOPALLong
by Alpha_strike_trader
1
Nifty Key Breakout Levels to Watch for Bullish or Bearish MoveHello guy's i hope you all will be doing good in your trading and your life as well today i have brought again Technical Analysis of Nifty 50:- Critical Levels to Watch. The Nifty 50 index is currently consolidating in a well-defined pattern, with clear support and resistance levels in play. Here's the detailed analysis: The price action is forming a descending channel, with a falling resistance line acting as the key barrier for upward movement. A breakout above this resistance can trigger bullish momentum, with targets at 23,966 (1st target) and 24,140 (2nd target). On the downside, the support zone holds significant importance. A breach below this zone could open doors for further selling, with the next target at 23,464. Key levels to monitor: Stop Loss for Buying: 23,575 Stop Loss for Selling: 23,782 Here’s what happens: Bullish Scenario: A breakout above the resistance will likely lead to a test of the mentioned targets, signaling a potential trend reversal. Bearish Scenario: A breakdown below the support zone could signal bearish continuation, targeting the lower levels. Outcome: Watch for volume spikes during the breakout/breakdown to confirm the move. Adhere to the stop-loss levels to manage risk effectively. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. If you found this analysis insightful, don’t forget to hit like and follow for more such content! For related trading ideas and educational posts, check out our profile TraderRahulPal Let’s learn and grow together!
NSE:NIFTYLong
by TraderRahulPal