Cyber Monday saleUp to 70% OFF

Trading

SONACOMS is ready to flyHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Ascending Triangle Pattern in daily TF. * From Nov 2021 to July 2024 Tested Resistance Many times. * It's Already Break resistance Zone and trying to Sustain Above Resistance Zone if sustain we can see a good move. * 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.
NSE:SONACOMS
by ChartSight
1
SCI big move aheadHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Ascending Triangle Pattern in daily TF. * From Feb 2024 to July 2024 Tested Resistance Many times. * It's Already Break resistance Zone and trying to Sustain Above Resistance Zone. * 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.
NSE:SCILong
by ChartSight
3
Gold buyers need validation from $2,387-93 hurdle & US inflationGold price rises for the third consecutive day while paring weekly loss ahead of the key US inflation data, namely the Consumer Price Index (CPI) for June. In doing so, the precious metal justifies the bullish crossover of the 100-SMA to the 200-SMA and the firmer RSI (14) line. However, a month-old horizontal resistance zone surrounding $2,387-93 joins the sluggish MACD signals to challenge the bullion buyers. Should the quote stay firmer past $2,393, its run-up toward the $2,400 threshold and then to a 13-week-long horizontal resistance area near $2,431-34 will be quick. It’s worth mentioning that the XAUUSD’s successful rise past $2,434 won’t hesitate to renew the all-time high, currently marked in May at around $2,450. Meanwhile, a pullback in the Gold price highlights a fortnight-long rising support line, close to $2,365 at the latest. Following that, the 100-SMA and the 200-SMA will test the XAUUSD sellers around $2,342 and $2,337 respectively. In a case where the precious metal remains bearish past $2,337, traders can aim for $2,318 before jostling with an ascending support line from early April surrounding $2,298. If the bullion price holds onto the downward trajectory below $2,298, the $2,265 will act as the final defense of the buyers. Overall, Gold price remains in the bullish trajectory ahead of important data and hence softer/mixed prints of the US CPI can allow the buyers to cross the immediate upside hurdle.
OANDA:XAUUSD
by MTradingGlobal
RBNZ’s dovish halt, downbeat China CPI weigh on NZDUSD Early Wednesday, NZDUSD prints the biggest daily fall in a fortnight on the Reserve Bank of New Zealand’s (RBNZ) dovish halt, as well as a softer print of China’s Consumer Price Index (CPI) for June. That said, the RBNZ matched market expectations for holding the benchmark rate unchanged but showed readiness to welcome easy monetary policy if inflation slows further. On the other hand, China's CPI dropped to -0.2% MoM and 0.2% YoY in June versus -0.1% and 0.4% market expectations, from -0.1% and 0.3% in that order. With this, NZDUSD drops more than 0.50% on a day as sellers attack the 200-SMA support of 0.6076. Adjacent to that is strong technical support comprising the 100-SMA and an 11-week-old rising support line, close to 0.6065 by the press time. In a case where the Kiwi pair prints a daily closing beneath 0.6065, a slew of peaks and troughs surrounding 0.6040-35 will test the sellers before directing them to the 0.6000 psychological magnet. Meanwhile, an impending bull cross on the MACD and downbeat RSI joins the key supports to signal the NZDUSD pair’s corrective bounce, which in turn highlights a three-week-long horizontal resistance area near 0.6150-55. Should the Kiwi pair manage to cross the immediate upside hurdle, the 61.8% Fibonacci ratio of the quote’s fall from December 2023 to April 2024, near 0.6175, will precede a six-month-old horizontal resistance zone around 0.6215-22 to act as the final defenses of the bears. Overall, NZDUSD is likely to witness a corrective bounce but the recovery remains doubtful below 0.6222.
by MTradingGlobal
Alcoholic Beverages has given Long Consolidation period BreakoutHello everyone, i have brought a stock which has given huge breakout after 6 years consolidation. Stock name is G M Breweries Ltd,and it has set up in 1981 manufactures and markets Alcoholic Beverages such as Country Liquor (CL) and Indian-made Foreign Liquor (IMFL). The Co. has a monopoly in country liquor in the districts of Mumbai, Thane & Palghar. It is the single largest manufacturer of country liquor in the State of Maharashtra with a sizable market share. Market Position:- The Company contributes about 25-30 % of the total Excise duty for country liquor in the whole of Maharashtra. Brand Portfolio:- The Co brands include names like G.M.Santra, G.M.Doctor, G.M.Limbu Punch, and a few more. Manufacturing Facilities:- The Co has a fully automatic plant at Thane, Maharashtra with a capacity to produce about 50,000 cases a day from 200 cases a day at the start. The company has capacity to process 13.76 crore bulk litres of country liquor per annum out of which only about 53.79% has been utilized in FY24. Difficulties:- The Co. has been facing difficulty also due to very high levels of taxation and frequent changes in laws. Its main raw material ‘Rectified Spirit’ faced high fluctuations in price and was short in supply. Recent Developments:- The concentration has been mainly on country liquor in FY24, also due to competitive market conditions in the IMFL segment. The Company has been making steady progress in the business of country liquor during the past years. Market Cap ₹ 2,118 Cr. Current Price ₹ 927 High / Low ₹ 948 / 440 Stock P/E 14.3 Book Value ₹ 361 Dividend Yield 0.65 % ROCE 23.5 % ROE 19.6 % Face Value ₹ 10.0 Industry PE 33.6 Debt ₹ 0.00 Cr. EPS ₹ 66.5 Promoter holding 74.4 % Intrinsic Value ₹ 716 Pledged percentage 0.00 % EVEBITDA 11.5 Change in Prom Hold 0.00 % Profit Var 5Yrs 12.6 % Sales growth 5Years 5.80 % Return over 5years 16.7 % Debt to equity 0.00 Net profit ₹ 152 Cr. ROE 5Yr 17.0 % Profit growth 55.2 % Earnings yield 9.80 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:GMBREWLong
by TraderRahulPal
No to 30% Tax on F&O Trading!Recently, there have been reports that the government is considering imposing a 30% tax on trading in Futures and Options (F&O). This move will be devastating for many retail traders who earn a living from trading. F&O trading is not gambling! Traders invest time, effort, and money to make informed decisions based on market trends and analysis. It's not a game of chance like lottery or cryptocurrency. F&O trading requires skill, strategy, and dedication. Taxing F&O will crush small traders If this tax is implemented, it will be a significant burden on small traders who are already struggling to make ends meet. This will lead to: Reduced participation in the market Increased risk-taking (traders may take unnecessary risks to recover losses) Flight of talent (traders may leave India for countries with more favorable tax regimes) Don't punish responsible trading We urge the government to reconsider this proposal and instead focus on creating a more favorable environment for responsible trading. This includes: Simplifying tax regulations Providing education and awareness programs Encouraging innovation and growth in the trading ecosystem Join us in opposing this proposal! Let's protect the interests of responsible traders and ensure that India remains a hub for trading and financial growth. #SaveTradingInIndia #NoTo30PercentTaxOnFandO #ResponsibleTrading
NSE:NIFTY
by ard-komercisto
KRBL is ready for another swing, 83% upside possible from hereHello guy's i have brought another stock which has taken support in trend continuation pattern, stock has shown huge volume spike, means traders and investors showing interest from this level. Higher probability we can see krbl towards 450/550+ in coming few months. Fundamentally this is one of the best company with good management, it has helped many investors to create huge wealth in past. Since Nov 2017 after making fresh new all time high at 675, it went in downtrend and made fresh low at 92 in march 2020(covid fear). Now stock has just taken support at support line and it is ready to fly in blue sky. Q:-What is Bullish Ascending Channel or Trend Continuation Pattern? Ans by Rahul:- A bullish channel is called a continuation trend pattern. The bullish channel is assembled by two parallel lines that frame the upward price trend. A line is validated when there has been at least two points of contact with the price. Q:- How to take Entry and Exit in Trend Continuation Pattern? Ans by Rahul:- Traders often consider buying near the lower trendline of the rising channel, anticipating that the price will bounce within the upward channel pattern. This provides potential entry points for bullish trades. And when price approaches the upper trendline of the channel, traders exercise caution. This is because the upper trendline may act as a resistance level. It's a point where the uptrend could temporarily stall or reverse, and this is only exit point or profit booking area for the Traders. Well guy's, while a rising channel suggests the continuation of an uptrend, traders also watch for potential ascending channel pattern breakouts. A rising channel pattern breakout can occur when the price either breaks above the upper trendline or below the lower trendline. An upside channel pattern breakout may signal a potential acceleration of the uptrend, while a downside breakout could indicate a reversal or trend change. About Company:- KRBL is worlds leading basmati rice producer and has fully integrated operations in every aspect of basmati value chain, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding and marketing. Market Cap ₹ 7,100 Cr. Current Price ₹ 310 High / Low ₹ 471 / 258 Stock P/E 11.9 Book Value ₹ 212 Dividend Yield 0.32 % ROCE 15.8 % ROE 12.5 % Face Value ₹ 1.00 Industry PE 38.0 Debt ₹ 545 Cr. EPS ₹ 26.0 Promoter holding 60.2 % Intrinsic Value ₹ 325 Pledged percentage 0.00 % EVEBITDA 8.47 Change in Prom Hold 0.00 % Profit Var 5Yrs 3.56 % Sales growth 5Years 5.50 % Return over 5years -0.35 % Debt to equity 0.11 Net profit ₹ 596 Cr. ROE 5Yr 14.8 % Profit growth -15.0 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
Editors' picks
NSE:KRBLLong
by TraderRahulPal
23
Naukri Breakout ready to rockHey Family, there is a one more stock Which is showing a great opportunity. Key Points:- * Forming Ascending Triangle Pattern in 30 Min TF. * It's Already Break resistance Zone and trying to Sustain Above Resistance Zone and follow up buying is coming. * 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. Minor Retest is Possible after breakout.
NSE:NAUKRI
by ChartSight
EURUSD bulls stay hopeful ahead of Fed Chair Powell’s TestimonyEURUSD remains well-set on the buyer’s radar, despite snapping a four-day uptrend, as markets await Federal Reserve (Fed) Chairman Jerome Powell’s bi-annual Testimony. That said, the upbeat RSI (14) line and the bullish MACD signals join the quote’s successful trading beyond a convergence of 100-SMA and 200-SMA to keep the buyers hopeful. However, a month-old horizontal resistance zone surrounding 1.0840-50 guards the Euro pair’s immediate upside. Following that, descending trend lines from early March and January, respectively near 1.0875 and 1.0895, quickly followed by the 1.0900 threshold, will precede the previous monthly top of 1.0916 to challenge the pair’s further advances. In a case where the pair remains firmer past 1.0916, the odds of witnessing a run-up toward the 1.1000 psychological magnet can’t be ruled out. Alternatively, the aforementioned key SMAs will join the 50% Fibonacci ratio of the EURUSD pair’s October-December 2023 upside to highlight 1.0800-1.0790 as the key support to watch during the quote’s fresh fall. Should the bears manage to conquer the stated support, the odds of witnessing a quick fall toward 1.0750 and the 61.8% Fibonacci retracement level of 1.0710 can’t be ruled out. However, an upward-sloping support line from late 2023, close to 1.0680 by the press time, appears a tough nut to crack for the Euro bears afterward. To sum up, the EURUSD remains in the upward trajectory despite the week-start pullback. Hence, Fed Chair Powell’s attempt to revive the US Dollar's strength, by providing hawkish clues and/or ruling out economic woes, needs to be taken with a pinch of salt.
by MTradingGlobal
GBPUSDAs posted in the latest video I recorded, I have been waiting for price to come into that sell zone, it just came in and started dropping from it. If we go now on 15min (right picture ) , we can see also that flip happened. Ideally would be to see a nice pull to the downside and then price retracing back into the London session or NY. And as Tuesday is tomorrow, we can expect to see the High/Low of the week on many pairs. Note: Identifying weekly Highs, Lows can help you decide what positions to hold onto.
Short
by Tilen_FX
Crude Oil retreats from 11-week high as eventful week beginsWTI Crude Oil remains pressured after reversing from an 11-week high the previous day, especially when the US Dollar posts a corrective bounce ahead of this week’s top-tier data/events. The black gold’s retreat also highlights the importance of the support-turned-resistance line stretched from mid-December 2023 and a downward-sloping trend line from late September last year. It’s worth noting that the RSI’s pullback from the overbought territory and the receding bullish bias of the MACD signals also favor the energy benchmark’s latest consolidation. With this, the quote will likely extend the latest fall toward testing the 10-SMA support of $82.50. However, the 50% Fibonacci ratio of the commodity’s late 2023 fall and the 100-SMA, respectively near $81.40 and $80.40, quickly followed by the $80.00 psychological magnet, will challenge the Oil bears afterward. In a case where the prices remain weak past $80.00, an area comprising tops marked from mid-November 2023 to January 2024 near $79.70-25, will be the last defense of the buyers before giving control to the bears. Meanwhile, a downward-sloping resistance line from September 2023, close to $84.10 at the latest, guards the immediate upside of the black gold. Following that, the previous support line from late 2023 will test the oil buyers near $84.70. It’s worth noting, however, that a 9.5-month-old falling resistance line surrounding $86.50 appears a tough nut to crack for the commodity buyers, a break of which will allow them to challenge the yearly high of $87.60. Overall, Crude Oil is likely to witness further consolidation in prices as Fed Chair Jerome Powell’s bi-annual Testimony and the US Consumer Price Index (CPI) loom.
TVC:USOIL
by MTradingGlobal
Gold holds high around peakGold costs are predicted to growth due to the fact hobby prices will decrease and the USD will weaken. Gold costs are trying out degrees above 2,four hundred USD/ounce. Indicators display that gold costs have an upward trend. Gold costs are predicted to preserve to growth withinside the close to future. Gold rate for August shipping is coming near 2,four hundred USD/ounce. World gold rate opened at the start of the week at 2,326.seventy two USD/ounce, preserving withinside the variety of 15 USD on Monday and Tuesday sessions. On Wednesday, a chain of monetary records announced, global gold rate elevated to 2,363.77 The US Federal Reserve (Fed) remains the point of interest of interest. Fed Chairman Jerome Powell testified with the Senate Banking Committee and the House Financial Services Committee. The marketplace may also pay near interest to americaA CPI in June, weekly unemployment claims, and the University of Michigan`s initial survey of patron sentiment.
TVC:GOLD
by NicoTradingMaster
1
It is expected that XAU price will continue to increase in the fThe market will also pay close attention to US CPI in June This morning, world gold prices are still trading around the high mark of last week's session. The world gold market will likely be more exciting this week Currently, optimism is covering the gold market, as recent data shows cracks in the US economy, a weakening US labor market and falling inflation. The market is expected to increase due to expectations of interest rate cuts According to analysts, gold prices have traded between $2,285-2,448 per ounce since early April, which has created firmer support and resistance levels.
OANDA:XAUUSD
by NicoTradingMaster
JUNIPER HOTELS LTD - Strong Reversal on the wayNSE:JUNIPER Company Profile Juniper Hotels Ltd. engages in the hotel operations. It identifies and acquires sites to develop its hotels and serviced apartments. The firm's portfolio includes Grand Hyatt Mumbai Hotel and Residences, Andaz Delhi, Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow, Hyatt Raipur, and Hyatt Place Hampi. The company was founded by Arun Kumar Saraf on September 16, 1985 and is headquartered in Mumbai, India. Technical Factors. 1. Major Support Area- the price has reversing for 2nd time from the listing price level, which formes a good demand zone. 2. the last fall is on very low volume shows sellers are exhausting. 3. In the last session it has broken the resistance trendline and very narrow range base with more than average volume. 4. Our entry is above the major swing high @458, which is also a horizontal resistance area. 5. Short term players can keep a small stop around 415 zone and long term players can accumulate more at demand zone with a stop below listing price on weekly closing basis. Fundamental factors 1. The company is performing well and now its doing a turnaround from loss to profit 2. operating margins are improving 3. the company has reduced the debt significantly and also received healty rating from credit rating agency. The Traget levels are mentioned on chart. Note:- Always use position sizing to know how much quantity to enter in. Keep Learning, Happy Trading.
NSE:JUNIPERLong
by SANJAYPATIDAR_
Gold buyers have various obstacles to tackle, including US NFPDespite posting a Doji candlestick on Thursday, the Gold price appears well set for the second consecutive weekly gain as traders await the US employment details for June. In doing so, the XAUUSD defends the mid-week breakout of a month-old descending resistance line, now immediate support around $2,350, backed by upbeat RSI conditions and the bullish MACD signals. Also keeping the bullion buyers hopeful is the quote’s ability to stay beyond the 50-SMA level. However, a slew of upside hurdles and likely upbeat prints of the US jobs report, including the top-tier Nonfarm Payrolls (NFP), test optimists ahead of the key data. Among the resistances, a fortnight-old horizontal area surrounding $2,365-68 caps the immediate upside of the precious metal. Following that, a region comprising multiple tops marked since mid-April, near $2,387-92, will challenge the advances before the last defense of the bears, namely a three-month-old horizontal region around $2,431-34. It’s worth noting that the $2,400 threshold and the all-time high marked in May around $2,450 are extra filters toward the north. Meanwhile, the Gold sellers will need validation from strong US employment data and a daily closing beneath the resistance-turned-support line surrounding $2,350. In that case, the 50-SMA level of $2,339 will grab the attention of short-term XAUUSD bears. Should the quote remain weak past $2,339, it will quickly drop to $2,318 but a convergence of a three-month-old rising trend line and 50% Fibonacci ratio of March-May upside, near $2,297-96, will be a tough nut to crack for the sellers afterward. If the bullion bears manage to keep the reins past $2,296, the early April swing low of near $2,265 and the 61.8% Fibonacci ratio of $2,261 can flash on their radars. Overall, Gold remains bullish ahead of the top-tier data but the upside room appears limited.
OANDA:XAUUSD
by MTradingGlobal