ADANIPOWER TradeADANIPOWER 620 to 640 Is good support zone and today we see rise in about 8%
and closed to about 6 % .it is following the trend line which gives us in past all time high .
so I'm investing new lots for Target of 820,850
Entry price 670 Target-800,820,850 Stop loss 630 And news coming from Market that adani
aquire the Tamilnadu based power plant also get participation in new bid, Bangladesh power plant
news and also overall news about adani power giving the vibes of creating all time high in this week ..
so invest as per ur risk .I am getting risk of 200 lots of share .
. BEST WISHES TO YOU ALSO 😊
Trading!
RVNL Stock Trendline Breakout | Momentum TradeRVNL Stock Trendline Breakout | Momentum Trade
Entry@607/595, SL- 570, TG 705
Disclaimer :-
: I am just share my personal view as a trader.
: Everything I discuss is for educational purpose only.
: Please consult your financial adviser before taking any decision.
: Trading in Equity market involves risk.
: I am not responsible for any losses incurred by following this video.
Gold price fluctuation analysisFundamental Analysis
Upbeat US growth reports and initial jobless claims have pushed back expectations of a deeper Federal Reserve rate cut in September, weighing on non-yielding gold. However, escalating geopolitical tensions in the Middle East and the war between Russia and Ukraine could boost safe-haven demand, benefiting the yellow metal.
Investors will be closely watching US inflation data for further insight into the potential size of the Fed’s rate cut. The core personal consumption expenditure (PCE) price index, the Fed's preferred inflation gauge, is estimated to have risen 2.7% year-on-year in July, up from 2.6% in June. A weaker-than-expected PCE reading could prompt the Fed to start a rate-cutting cycle, acting as a bullish catalyst for XAU/USD.
Technical Analysis
Gold is pushing higher in the European session ahead of an all-time high. If the resistance at 2525 is broken before the US session starts, we will see a new ATH around 2450. In the event that gold is pushed below 2525 and the US enters, it could push gold deeper into the current support at 2503-2494 as a hurdle ahead before heading towards 2485 to end a volatile Friday for gold.
Resistance: 2530 - 2535 - 2543 - 2550 - 2558 - 2568
Support: 2513 - 2505 - 2500 - 2494 - 2485 - 2472
SELL zone 2541 - 2543 stoploss 2547
SELL zone 2548 - 2550 stoploss 2554
BUY zone 2509 - 2507 stoploss 2503
BUY zone 2485- 2483 stoploss 2480
CYBERTECH - Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangular box Pattern in Daily TF.
* From Jan 2024 to Aug 2024 its in range.
* From Jan 2024 to Aug 2024 Tested & Moving Resistance Many times.
* It's Near resistance Zone and trying to Sustain above Resistance Zone with good volume.
* Volume Accumulation (Volume is rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Current Gold Movement AnalysisGold structure in the Asian session on August 29.
After bouncing from the support zone of 2495 as analyzed yesterday. Gold was strongly pushed back above yesterday's resistance zone of 2511. The 2511 zone unexpectedly became an important support zone of today's session and then the resistance level of 2518 became a trading price range for gold in the Asian session to the European session. With the strong pulling force here, it can be seen that gold is ready to create a new ATH today if gold does not have the pulling force to the 2485 area.
Pay attention to trading in the 2818-2511 zone in the Asian session
MAJOR TRENDLINE BREAKOUT IN WIPRO ABOVE 530Wipro is giving a major trendline breakout at the level of 530. It is a signal of long in wipro. We can buy this stock at the current level@535 with aSL of 495 on closing basis. Target will be 590 & 640 respectively in a very short term. More upside potential possible up to the level of 700.
Trading gold signals 28/8☘️Fundamental Analysis
Gold prices lost steam amid a modest recovery in the US dollar (USD) on Wednesday. However, escalating geopolitical tensions in the Middle East could help limit losses. In addition, US Federal Reserve (Fed) Chairman Jerome Powell's speech at the Jackson Hole symposium last week, signaling that it was "time" to start cutting interest rates, could support the precious metal as it reduces the opportunity cost of holding non-interest-bearing assets.
Investors will pay closer attention to speeches by Fed officials Christopher Waller and Raphael Bostic on Wednesday for some hints on the path of US interest rates. Attention will also turn to preliminary data on US annualised GDP for the second quarter (Q2) and the Personal Consumption Expenditures (PCE) price index, due on Thursday and Friday. Better-than-estimated results could lift the US Dollar (USD) and limit upside in USD-denominated Gold prices.
☘️Technical analysis
Gold is retreating from the closing level of 2424, currently gold is approaching the important area of 2509. When breaking this area, lower areas can pay attention to trading in the European session around 2503-2495. Today, the main plan is to wait for buying to break ATH. On the contrary, if the price pushes to 09 and does not break, you can buy in the 09 area. If you cannot break this area in the European session, you can close the order. The candle closes above 2020 after the European session ends, consider finding a recovery point for DCA to buy the target to break ATH.
Wish you a successful transaction.
SELL scalp zone 2530 - 2532 stoploss 2536
SELL zone 2545 - 2547 stoploss 2551
BUY scalp zone 2496 - 2494 stoploss 2490
BUY zone 2485- 2483 stoploss 2480
DEEDEV DAY CHART BASE FORMATIONNSE:DEEDEV
Company profile
🔹Dee Development Engineers Ltd. provides prefabricated piping solutions. It operates through piping, power and heavy fabrication segments. The Piping segment engages in the manufacturing of pre-fabricated engineering products, pipe fittings, and piping systems. The Power segment offers biomass-based power generation. The Heavy fabrication segment involves in the manufacturing of wind mill towers.
🔹Listed in July last year then it marked a high in a few days and after that, it went into a strong consolidation showing a Cool off IPO price rise and now it has formed a good base with a view to breakout.
🔹The IPO buyers must have been bore with the move and they are slowly exiting but some smart money is accumulating for another continuation of the up move.
🔹The volume is slowly decreasing on each fall showing sellers exhausting.
The Fundamentals:-
➖The company is making year-on-year growth in revenue and Profits.
➖Recently it has received big orders.
Entry and Other levels are marked on the chart.
Always use stop-loss to avoid unnecessary drawdowns.
Keep Learning,
Happy Trading.
ADVANCED PCR TRADING #NSE #BSE #Option'sWhat is the PCR Ratio?
The PCR measures the relative trading volume of put options (bearish bets) to call options (bullish bets) in the market.
It’s calculated as:PCR=Open Interest of Call Options / Open Interest of Put Options
Interpretation:
PCR > 1: Indicates bearish sentiment. More put options are being traded, suggesting traders are hedging against potential declines or speculating on downward moves.
PCR < 1: Signals bullish sentiment. More call options are traded, indicating traders expect price increases or are hedging short positions.
PCR = 1: Suggests a neutral sentiment where buying and selling pressures are balanced.
Why PCR Matters:
Sentiment Gauge: The PCR reflects market sentiment. Tracking changes helps you gauge optimism or pessimism.
Contrarian Indicator: Extremely high PCR may signal excessive pessimism, potentially leading to reversals.
READY FOR BREAKOUT!! + HAVING GREAT VOLUME - ZEEL ENTERTAINMENT NSE:ZEEL BSE:ZEEL
❇️Clean breakout will happen on chart.
❇️ Great volume after long consolidation.
❇️ A good move can be caught above 151, as you can see on chart
❇️ achievable Target are 174-206. For shorts term view.. targets will be 230+
❇️ small Stoploss near 133. Below previous day low.(Logical)
👉🏻 @thetradeforecast 🇮🇳
BHAGERIA Mega Breakout AheadHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Sep 2022 to Aug 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Sustain above Resistance Zone with good volume.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
GBPJPY bulls need validation from 192.00 and Japan dataThe GBPJPY currency pair is making gains as it moves within a two-week upward trend, showing renewed optimism early on Tuesday. This rise supports the bullish trend that started in early August and counters the previous indecision seen last week.
Currently, GBPJPY is trading above the 100-day moving average and has broken through a six-week-old downward resistance line, which now acts as support. The steady RSI also adds to the positive outlook. For the bullish trend to continue, GBPJPY needs to break above the upper boundary of the ongoing triangle pattern, near 192.00. If this happens, the next significant hurdle will be the 200-day moving average at 194.55. A break above this could push prices toward the late July high of around 199.50 and possibly even the 200.00 mark.
On the downside, key support levels are around 189.80, 188.65 (100-day moving average), and 186.50 (previous resistance line). If GBPJPY falls below 186.50, it could drop to the monthly low of 180.10.
Besides technical factors, GBPJPY buyers should also watch for upcoming data releases on Tokyo inflation, Japan's industrial production, unemployment rate, and retail trade this Thursday.
GBPUSD hovers at 29-month high on UK Bank HolidayGBPUSD licks its wounds at the highest level since March 2022 as the overbought RSI line jostles with an upside break of the ascending resistance line, now support around 1.3060. This breakout, along with strong MACD signals and a weaker US Dollar, could push the pair towards the 1.3440 level, where it meets the 78.6% Fibonacci retracement from May 2021 to September 2022. However, reaching the 1.3620 resistance level might be challenging for buyers.
On the flip side, the aforementioned resistance-turned-support line puts a floor under the GBPUSD prices around 1.3060. That said, the 1.3000 psychological magnet also acts as a short-term support for the Cable pair traders to watch. In a case where the Pound Sterling bears keep the reins past 1.3000, the 61.8% Fibonacci retracement, also known as the Golden Fibonacci Ratio, near 1.2780, quickly followed by the 200-week Exponential Moving Average (EMA) surrounding 1.2730, will act as the final defenses of the buyers.
Overall, GBPUSD is gearing up to test a long-term resistance line. With the UK on holiday and a cautious market awaiting US inflation data, the pair might pause its advance early this week.
Gold bounces off resistance-turned-support, Jackson Hole eyedGold prices have ended a two-day drop as traders look ahead to the key Jackson Hole Symposium in Wyoming, where a speech by Federal Reserve Chairman Jerome Powell is highly anticipated.
Gold has bounced back from its recent low, rebounding off the 10-day Exponential Moving Average (EMA) and a key previous resistance line. Positive signals from the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggest that gold could push past the $2,520 mark comprising the 50% Fibonacci Extension (FE) of its February-June move. Following that, the buyers can aim for $2,575 and potentially $2,600.
On the downside, gold is supported by the 10-day EMA around $2,482 and a former resistance level now acting as support near $2,474. If gold drops below these levels, it could test the $2,465 mark and the 50-day EMA at $2,415. A further decline past $2,415 would need to break through a support line of around $2,410 and the $2,400 level to shift control to sellers.
In summary, gold is on a positive path, but there are hurdles ahead before it can make significant gains.