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GUFICBIO is 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 Symmetrical Triangle Pattern in Daily TF. * From June 2024 to Aug 2024 its in range. * After June 2024 Breakout goes to sideways in July Starting & Now it's breaking the sideways level again in Aug 2024. * It's Break resistance Zone and trying to sustain above Resistance Zone with good volume, Good Closing is required for good move. * Already tested resistance many times. * 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.
NSE:GUFICBIOLong
by ChartSight
3
CESC is getting ready for big move!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 Jul 2024 to Aug 2024 Moving in a range. * From Jul 2024 to Aug 2024 Tested & Moving Near Resistance zone. * 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.
NSE:CESCLong
by ChartSight
1
EURUSD jostles with key resistance, PMI, Fed’s Powell eyedEURUSD traders are taking a break at its highest level since July 2023 as they await August PMI data for the Eurozone and the US. They are also keeping an eye on Fed Chair Jerome Powell’s speech at the Jackson Hole event on Friday. The overbought RSI indicates a potential pullback, with immediate support around the 78.6% Fibonacci retracement level from July-October 2023, near 1.1100. If the price falls, the rising support line near 1.1030 and the range of levels from late November 2023 around 1.1010-1.0980 might hold strong against further declines. For EURUSD buyers to regain confidence, they need to break the yearly high of around 1.1175. Overcoming this could lead to resistance around 1.1200-1.1210 before reaching the late 2023 high of around 1.1275. If the pair surpasses 1.1275, it might gradually rise towards the 2022 high near 1.1500. In summary, EURUSD is still in a bullish trend, though a short-term pullback is possible.
by MTradingGlobal
USDJPY sellers keep eyes on 144.00 and FOMC MinutesThe USDJPY pair is currently recovering from its lowest point in two weeks and breaking a three-day losing streak. The US Dollar is bouncing back from a yearly low as traders await the latest Federal Open Market Committee (FOMC) meeting minutes. Despite this bounce, the Yen pair is still trading below important Exponential Moving Averages (EMAs) and shows bearish signs from the MACD indicator, keeping sellers optimistic. If the USDJPY continues to drop, it might soon test the 144.00 support level, which has held for about 12 days. A fall below 144.00 could push the pair towards the July low of around 141.70. However, the Yen pair will need to move past the 50% Fibonacci Extension near 141.30 before targeting 140.00 and the 61.8% Fibonacci Extension around 139.40-35. On the upside, the 50 and 100 EMAs are likely to cap the USDJPY’s immediate gains, with resistance levels around 147.10 and 148.50. Beyond that, the pair might face resistance at the previous weekly high near 149.40 and the 150.00 level. If it breaks above 150.00, the final resistance points are at the 200-EMA level around 151.15 and the late July swing low near 151.95. In summary, while the USDJPY is currently recovering, the bears remain in control as traders await key news.
by MTradingGlobal
Rupa And Company Looking Good For Swing Trading Market Cap ₹ 2,688 Cr. Current Price ₹ 338 High / Low ₹ 342 / 227 Stock P/E 34.1 Book Value ₹ 120 Dividend Yield 0.89 % ROCE 10.1 % ROE 7.76 % Face Value ₹ 1.00 Debt ₹ 235 Cr. OPM 10.0 % Promoter holding 73.3 % Sales growth 9.57 % Profit growth 73.1 % Industry PE 35.6 Pledged percentage 0.00 % Reserves ₹ 950 Cr. Sales growth 5Years 1.15 % Profit Var 5Yrs -0.44 % Return over 6months 21.6 % High price all time ₹ 590
NSE:RUPALong
by simpletrader9863
Rupa And Company Looking Good For Swing Trading Market Cap ₹ 2,688 Cr. Current Price ₹ 338 High / Low ₹ 342 / 227 Stock P/E 34.1 Book Value ₹ 120 Dividend Yield 0.89 % ROCE 10.1 % ROE 7.76 % Face Value ₹ 1.00 Debt ₹ 235 Cr. OPM 10.0 % Promoter holding 73.3 % Sales growth 9.57 % Profit growth 73.1 % Industry PE 35.6 Pledged percentage 0.00 % Reserves ₹ 950 Cr. Sales growth 5Years 1.15 % Profit Var 5Yrs -0.44 % Return over 6months 21.6 % High price all time ₹ 590
NSE:RUPALong
by simpletrader9863
Pull Back Pattern Seen with Long Lower Shadow Hammer CandlestickHello everyone, i hope you all will be enjoying the weekend, but let's do some learning now.. i have found a stock which has shown a pull back pattern with long lower shadow hammer candlestick pattern on weekly chart. Stock name is Share India Securities Ltd and it is a financial service provider that uses technology to offer customized capital market tech-based solutions to clients. It offers financial products & personalized services, including equity broking, currency & commodity derivative, depository participant services, mutual fund advisory and distributorship, etc to retail and corporate clients. The co. has a PAN India presence with 61 branches of NBFC business and, 293 sub-brokers/franchisees. Let's learn about the pattern which i have written in Title:- Q:- What is Pull back pattern? Ans by Rahul:- Pullback is a term used in stock trading that refers to a price decline from an existing high point. This decline is usually temporary and serves as a correction after an upward trend. Pullbacks are common in the stock market, and they offer traders opportunities to buy stocks at discounted prices. Q:- How to Trade Pull back patterns? Ans by Rahul:- For trading pull back pattern there is strategy and this strategy works by waiting for a stock’s price to decline from previous highs before buying it. The idea is that when there is a dip in prices, there is usually an opportunity for investors to buy into the stocks at lower prices, and then sell their shares once the stock rebounds. if you look at the Share india chart above, you will see after breakout stock rallied almost 35% and made high at 405 and now stock again came at their support zone where stock had given breakout earlier, we also call this breakout retest strategy. So this is the zone where we have to try to accumulate and keep your stop loss at below to support zone, for the Targets you can plan previous highs or you can expect same length of previous consolidation zone. I hope now you guy's have learned about pull back pattern and how to trade to these patterns, Right. If yes then do not forget to hit like and share with others after you done reading. Let's focus on other aspects of company:- Company History The Co. was established in 1994 and entered the equity broking segment in 2000. Subsequently, it diversified its offerings by undertaking derivatives trading in 2007, currency trading in 2008 and commodities trading in 2012. In 2016, it was registered as a Mutual Fund Advisor with AMFI and in 2018 it registered as a Category I Merchant Banker & Portfolio Manager with SEBI. In 2020, it moved from SME platform to BSE Main Board. New Launch In FY24, the co. launched Algo Platform – uTrade Algos for automated trading. In FY23, it launched a Retail Platform - IBT, a digitally-enabled online account opening and trading platform. Market Cap ₹ 5,953 Cr. Current Price ₹ 302 High / Low ₹ 408 / 233 Stock P/E 14.0 Book Value ₹ 91.2 Dividend Yield 0.56 % ROCE 38.3 % ROE 31.0 % Face Value ₹ 2.00 Industry PE 17.9 Debt ₹ 403 Cr. EPS ₹ 22.2 Promoter holding 52.3 % Intrinsic Value ₹ 754 Pledged percentage 36.2 % EVEBITDA 6.54 Change in Prom Hold -0.87 % Profit Var 5Yrs 76.9 % Sales growth 5Years 48.4 % Return over 5years 81.1 % Debt to equity 0.23 Net profit ₹ 426 Cr. ROE 5Yr 37.5 % Profit growth 30.0 % Earnings yield 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.
NSE:SHAREINDIALong
by TraderRahulPal
3
Neat & Clean Cup and Handle Pattern Breakout seen in INOXWINDHello everyone i have brought a stock which has given a breakout of Continuation pattern which called Cup and Handle Chart Pattern. Stock name is INOXWIND. Inox Wind Limited is a part of the Inox Group. The company is engaged in the business of manufacturing Wind Turbine Generators (WTGs) and is a wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. Inox Wind Ltd is a fully integrated player in the wind energy market and provides end-to-end turnkey solutions. Note:- Technically chart is looking bullish as it has given breakout of Cup and Handle pattern but fundamentally i have not find that much attractive, so i am not advising this stock for long term type, my view here is only for short term. Please follow strictly stop loss in this. Let's learn about this pattern (Cup and Handle) Q:- What is Cup and Handle Pattern? Ans:- It is a bullish continuation pattern that occurs in an uptrend and signals that the price of the stock will continue to trend higher on completion of the pattern. The pattern gets its name from its shape which resembles that of a conventional tea cup with a handle. It is one of the most occuring pattern used across the world to spot dominant uptrend for taking long positions. Q:- How to take entry and exit and where to keep stop in this Chart pattern? Ans:-Entry Point: Place the trade when the price rises above the handle created resistance level. This breakout confirms the pattern and indicates the resumption of the uptrend. Stop Loss and Take Profit: Set a stop-loss order below the handle’s support level to limit potential losses. Determine a take-profit level by measuring the depth of the cup and adding it to the breakout point. Volume Confirmation: Keep an eye on volume during the breakout. Higher trading volume should accompany the breakout, indicating strong buying interest and validating the pattern’s reliability. Monitor Price Action: Continuously monitor the price action after entering the trade. Consider trailing your stop loss to protect profits and adjust your take-profit target if necessary. 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:INOXWINDLong
by TraderRahulPal
8
GBPUSD buyers can ignore pullback from one-month highGBPUSD snaps a three-day winning streak by easing from its highest level in a month as the US Dollar licks its wounds at the multi-month low. Despite this retreat, the Cable pair is still trading within a long-term upward trend channel and above important support levels. The positive signals from the RSI and MACD suggest that the Pound Sterling could still rise. The immediate support is a 10-day-old rising support line surrounding 1.2880, with further support at 1.2800 from the 50-SMA. If the price drops further, the next supports are at 1.2675 (200-SMA) and 1.2450 (trend channel bottom). On the upside, the GBPUSD pair’s ability to break through the yearly high and the upper trend channel near 1.3045-50 will be tested to keep buyers on the table. The 1.3000 level is also a key resistance point, with the potential to push towards 1.3100 and the mid-2023 peak of around 1.3145 later on. Overall, GBPUSD remains an appealing option for buyers, even if short-term gains slow down.
by MTradingGlobal
WABAG is Ready to fly!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 June 2024 to Aug 2024 Moving in a 200 point 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.
NSE:WABAGLong
by ChartSight
1
$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.
Long
by CryptoPatel
1
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
OANDA:XAUUSD
by TVS-Trader
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.
NSE:SHAILYLong
by ChartSight
1
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.
NSE:RUSTOMJEELong
by ChartSight
6
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.
NSE:THEMISMEDLong
by ChartSight
1
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.
by MTradingGlobal
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
NSE:SBINEducation
by Averoy_Apoorv_Analysis
2