Stock of the day for 19 August Markets I make educational content videos for swing / positional trading
Trading
$STX Looks Strong: Could It Rally to $7?NASDAQ:STX Looks Strong: Could It Rally to $7?
➡️ Current Trend: Bullish on the higher time frame (HTF).
➡️ Key Support Level: $1.20
If $1.20 holds as support, it’s a very positive sign for STX holders.
➡️ Bull Flag Formation:
- Breakout zone: $1.60 - $1.70
- If STX breaks out of this zone, it could push the price toward $5 - $7.
➡️ Accumulation Zone:
- Above $1 is a good area to accumulate STX.
- Below $1 could be bearish.
Stay sharp and watch these levels.
Gold Analysis August 16Fundamental Analysis
The US economic data was stronger than expected and the market is anticipating that these data could affect the extent of the Federal Reserve's interest rate cut. The US dollar and US bond yields rose, making it difficult for gold prices to rise.
The latest data released by the US showed that the core consumer price index (CPI) in July, which is a price index excluding food and energy costs, fell to its lowest level since early 2021 compared to the same period last year. This shows that inflationary pressures have eased, supporting the Federal Reserve to cut interest rates next month.
In particular, a report from the US Department of Labor showed that the number of new Americans filing for unemployment benefits last week fell to a one-month low.
As a non-interest-bearing asset, gold prices tend to rise when interest rates fall. As inflation slows, expectations of a Federal Reserve rate cut will increase, further boosting the appeal of gold. Additionally, gold purchases by central banks around the world have also become a reliable support for gold prices.
Apart from monetary policy, geopolitical uncertainty has also been a major factor driving demand for gold. Tensions in the Middle East and the conflict between Russia and Ukraine have increased the appeal of gold as a safe-haven asset.
Technical Analysis
From a technical perspective, the overnight failure near the $2,470 resistance level makes it prudent to wait for some follow-through buying before positioning for any further gains. With the daily chart oscillations holding in positive territory, Gold could then aim to break above the all-time highs around the $2,483-$2,484 zone hit in July and conquer the psychological $2,500 mark. A sustained strength above the latter would confirm a breakout above a month-old trading range and could be viewed as a fresh trigger for bullish traders, setting the stage for a further near-term upside move.
On the downside, the $2,447-2,445 horizontal zone now looks to protect the immediate downside ahead of the $2,430-2,429 zone and the weekly low, around $2,424. Some follow-through selling could leave Gold vulnerable to further weakness below $2,400.
Resistance: 2475 - 2488 - 2500 -2509
Support: 2438 - 2333 - 2426 - 2421
Price ranges to note:
SELL zone 2473 - 2475 stoploss 2479
SELL zone 2498 - 2500 stoploss 2504
BUY zone 2438 - 2436 stoploss 2432
BUY zone 2426 - 2324 stoploss 2420
SHAILY again getting ready for big move!Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangle Box Pattern in Daily TF.
* From Jul 2024 to Aug 2024 Moving in a range.
* It's break 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.
RUSTOMJEE 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 Jan 2024 to Aug 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Break 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.
THEMISMED Trading Near Crucial LevelHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Channel Pattern in Daily TF.
* From Feb 2024 to Aug 2024 its in range.
* From Feb 2024 to Aug 2024 Tested & Moving Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* Volume Accumulation (Highest Volume Ever).
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.
Rising wedge portrays EURUSD buyer’s exhaustion ahead of US dataEURUSD is bouncing back after a big drop, as traders wait for the University of Michigan’s Consumer Sentiment Index and Inflation Expectations for August. This bounce reverses the previous day’s decline from the highest level of 2024 and moves off the bottom of a four-week bearish chart pattern called rising wedge. The RSI indicates that the recent price increase might continue, but the MACD suggests weakening buyer interest. For sellers to take control, they need to break below the wedge’s bottom line at around 1.0960 and the 50-SMA support at 1.0946. If they succeed, they might face challenges at the 200-SMA and an upward trend line near 1.0875 and 1.0830, respectively. After that, the price could drop toward the wedge’s theoretical target of around 1.0700.
On the other hand, the 1.1000 level is attracting buyers, with the recent high of 1.1050 in sight. The top line of the wedge near 1.1055 could also act as resistance. Future resistance points include December and July 2023 highs near 1.1140 and 1.1275, and the 1.1200 level might provide a resting point for buyers.
Overall, the EURUSD pair is struggling to gain momentum in a bearish pattern ahead of US economic data. Sellers need confirmation from both technical and fundamental factors to take control.
Network 18 Watch for a Upside Swing Trade...Network 18 Trade in an upside range. Which support is 70 and resistance is 140.
You should watch upto 140 🎯
How to Journal as a Trader or Investor on Trading View ? Summary of this video
There could be Two types of people Journaling, one who is daily journaling and one who is weekly journaling; both will do the job.
You can make two notebooks for the same: Feelings-based Journal and Stats-based Journaling.
Both serve different purposes.
A feeling-based journal helps you to create a daily habit of writing some compulsory things like pre-market, vix, post-market, and setups, and ask why in terms of positions - if taken and if not taken, whereas to get into the habit of writing a feelings based journal also dig deep into some really important terms like cpi inflation, ppi of some significant economies which effects your markets. These things won't affect your trading, but such add-ons help you give a direction to your journaling power.
A Stats-based journal contains different columns, as told in the video; feel free to add more of your favorite ones and change them as you wish, but every single trade should be respected in such a manner. Journal every single trade like this in terms of numbers. Remars is very important in this journal as it will guide your Fear and Greed.
In conclusion, Finally, if you can do this for at least one month, you will see good results, but what exactly do you have to see?
After one month, read your first-day feeling journal and the first two or three trade remarks. You will be amazed to see how silly mistakes you made in the past or how efficient you were back then and now you are making those mistakes; either will help you grow in mindset and profitability. It enables you to become a better trader by 1% daily.
Feel free to put more ideas and thoughts below in the comment section. Good luck journaling
BANKNIFTY FOR 16 AUG#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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Gold buyers stay optimistic around mid-$2,400s within triangleGold has ended a two-day drop by bouncing off its 9-day Exponential Moving Average (EMA) within a symmetrical triangle pattern that's been forming for seven weeks. This bounce supports the idea that the Fed might cut rates, together with the positive MACD signals and the trend-favorable RSI line. The key levels to watch are the triangle's range of $2,475 to $2,393 and the 50-day EMA support at $2,391.
If gold moves past $2,475, it could test an upward resistance line from early April, reaching around $2,498. After that, $2,500 will be an additional hurdle for the metal before potentially rising to $2,522 and $2,562, which are based on 50% and 61.8% Fibonacci Extensions of gold's moves from March to July.
If gold falls below $2,391, it might drop to the late July low of about $2,353 and then to $2,350. There's also a strong support region between $2,293 and $2,285 from late April to June, which if broken, could push gold towards $2,200.
Overall, gold is performing well due to positive technical indicators and concerns about possible US Fed rate cuts, supported by recent US inflation data.
NZDUSD reverses from 200-SMA hurdle on RBNZ’s surprise rate cutNZDUSD dropped over 1.0% today, making the biggest move among major currencies. This happened because the Reserve Bank of New Zealand (RBNZ) cut its main interest rate by 0.25%, surprising markets which expected no change. As a result, the NZDUSD pair fell from a one-month high and struggled to break through a key resistance level, namely the 200-day SMA.
Despite this, positive MACD and RSI indicators suggest that buyers may stay optimistic, as long as the price remains above a support line from late October 2023, currently around 0.5885. For the short-term, the quote could drop to the 0.6000 mark and potentially test a 23.6% Fibonacci support level around 0.5920. A drop below 0.5885 could push the pair towards its late 2023 low of around 0.5770.
For a new buying opportunity, buyers should wait for the price to break above the 200-SMA resistance at about 0.6085. If successful, the next targets could be the 61.8% Fibonacci level and a significant resistance zone near 0.6170 and 0.6220. If the price stays above 0.6220, the 78.6% Fibonacci level around 0.6275 and a long-term resistance line near 0.6320 could be the next barriers for the bulls.
In summary, while NZDUSD might see a short-term drop due to negative factors, the overall bullish trend is expected to continue.
SARDAEN is Ready to fly!Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From May 2024 to Aug 2024 its in 60 Points range.
* From May 2024 to Aug 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* Volume Accumulation (Volume is also 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.
FORTIS is ready to move 17-20 % 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 June 2024 to Aug 2024 its in 80 Points range.
* From June 2024 to Aug 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Break 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.
GOLDIAM Set to rally! Time to go Long!Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Channel Pattern in Daily TF.
* From Feb 2024 to Aug 2024 its in range.
* From Sep 2021 to Aug 2024 Tested & Moving Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* Volume Accumulation (Highest Volume Ever).
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.
100-SMA challenges Crude Oil buyers at three-week highWTI crude oil has ended its four-day rise as prices fall from their highest level since July 19, due to a slow start on Tuesday morning in Asia. The oil price has moved back from the 100-day simple moving average (SMA). Still, closing above the 200-day SMA, positive MACD signals, and a strong RSI suggest buyers might push prices past the $80.15 mark. If they succeed, the next resistance levels are around $81.40 and $82.50, which will be key for sellers to defend.
If oil prices drop below the 200-day SMA support at $77.90, sellers might take control. If prices stay weak and fall below $77.90, they could move towards June and August lows of $72.40 and $71.70. If prices go below $71.70, they could reach the late 2023 low of $67.70.
Overall, buyers are likely to stay in control, but the potential for price increases seems limited.
Multi time frame breakout in Heranba explained I make educational content videos for swing / positional trading
JUBLFOOD Trading Near Crucial Level Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Symmetrical Triangle Pattern in Daily & Range Bound in Weekly TF.
* From May 2022 to Aug 2024 its in range.
* From May 2022 to Aug 2024 Tested & Moving Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* Volume Accumulation (Highest Volume Ever).
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.
EIHAHOTELS is Set to Rally!Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangle Pattern in Daily TF.
* From June 2024 to Aug 2024 its in 170 Points range.
* After June 2024 Breakout goes to sideways in July Starting & Now it's breaking the sideways level again in Aug 2024.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume, good Closing is required for good move.
* Already tested resistance many times.
* Volume Accumulation (Volume is Building).
* Dividend & Stock Spit Also Ahead So Take Qty accordingly.
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.
ELIN is Ready to fly!Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangle Pattern in Daily TF.
* From End of June 2024 to Aug 2024 its in 20 Points range.
* After June 2024 Breakout goes to sideways & Now it's breaking the sideways level again in Aug 2024 .
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* Volume Accumulation (Volume is Building).
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.
3 Amazing weekly time frame ideas for 12 August markets I make educational content videos for swing / positional trading
Arbitrum $5 Potential in Current Bull Market?ARBITRUM (ARB/USDT) Chart Analysis:
➡️ Liquidation Sweep: ARB has recently hit a high liquidation zone, wiping out all longs that were opened near the top. Even those with lower leverage positions have been liquidated, pushing the price into a very deep dip.
➡️ Accumulation Zone: This dip presents a strong accumulation opportunity in the spot market. I'm starting to accumulate ARB between the $0.58-$0.4 range. This area is ideal for long-term investors looking to capitalize on the current market conditions.
➡️ Resistance Levels:
Major Resistance 1: $0.8
Major Resistance 2: $2
Should ARB break through these two key resistance levels, we could potentially see the price rally to $5-$8.
➡️ Investment Strategy: I've initiated my buy orders, and my target is set at $5. After losing the $1.84 support, ARB has dropped by 77%, which marks an 82% decline from its all-time high (ATH).
➡️ Bull Run Expectation: In the current bull run, I am aiming for a potential 10x return on ARB. This could be a prime opportunity to position for significant gains.
#RUBYMILLS on the weekly chart analysis#RUBYMILLS Weekly Chart Analysis 📊
◽️ Volatility Contraction : A tightening of price range has been observed.
◽️ Volume Surge : Recent increase in trading volume suggests growing interest.
◽️ Breakout Potential : Breakout with volume confirmed on both weekly and monthly timeframes.
◽️ Short-Term Target : Potential for a 25-30% move, with a target around 30%.
📌 Disclaimer : This analysis is for educational purposes only and is not a buy or sell recommendation.
Keep an eye on this one! 📈
Keep learning. All the best.
