ERIS Lifescience Promising Pattern.
Good pattern, good volume and a good candle.
Entry from cmp - up to 1450 range.
Risk 12% from CMP.
Reward 25%
RR: 1:2
This is just my view. Please do not treat this as a Buy/Sell Recommendation.
Trading
Possible Test of Major SupportThe EUR/USD chart shows a clear bearish trend, with the price moving within a steady downtrend channel, being pushed down after each approach to the upper line of the channel.
Recently, it seems that the price has tested the resistance level in the resistance area but failed and was rejected strongly, which shows the strength of the selling pressure in this price area.
From the current price position, the next important support point is located at around 1.03500. If the price continues to decline and breaks this support level, it could lead to a deeper decline.
Overall, the current trend for EUR/USD is negative, and traders should be wary of the possibility of further declines. Keeping a close eye on the support and resistance levels will help determine the appropriate times to enter or exit the market.
Gold at Resistance : A sell opportunity ?Yesterday, gold traded higher and closed the day in the positive territory . Today, Gold price climbs extending its gains for the fourth straight day. On the Intra day chart, Gold is now trading above weekly Resistance 1 (2653).
Technically price is at resistance area and trading near to Fib golden zone , this area is perfect reversal zone but the geopolitical evens (War) currently pushing the price higher , for sell we need good confirmation from these resistance area.
Today Initial Jobless Claims are expected to rise from 217K to 220K for the week ending November 16 and that can add volatility so we have to watch the reaction accordingly.
Selling seems to be more favourable now for Intra day and for buy we have to look for lower levels but selling need to be assessed with good money management as gold is currently getting safe-haven demand for buyers.
New Gold Mine in China: Aftershocks in the Gold MarketWhen analyzing the daily gold chart, I noticed that a long-term uptrend has been reversed with a clear break below the rising channel line. This tells me that the market may be preparing for a new bearish phase. This decline occurred even as there was news from the US and other major economies on inflation and monetary policy, which would normally have a strong impact on gold prices. In addition, China's discovery of a gold mine with estimated reserves of over 1,000 tonnes in Hunan province is not only a geological event but could also be a major mover in the global gold market.
With gold prices failing to hold the 34 EMA and falling further, the next support area I see is around $2,520 to $2,560/ounce. This will be a key point to see if gold will continue its downtrend.
2 Amazing swing trading ideas for 26 November MarketsI daily make educational content videos for swing / positional trading
"Ramco Cements: Long Swing Trade Setup Hi All
Ramco looking good for swing and also if the stock falls below 880 good chance to buy dip
Target - 970
- 990
stoploss 855
BAKE/USDT Bullish Breakout UpdateBAKE/USDT Bullish Breakout Update 🚀
$BAKE is looking strong after breaking out of a bullish pennant pattern, which means it could make a big move soon.
▪️ Buy Zone: $0.31 - $0.40
▪️ Targets: $0.71$1.24$2.23$4.04$8.27
▪️ Stop Loss: $0.20
This breakout is visible on the higher time frame, so the targets are expected to be big.
Keep an eye on this opportunity.
Remember to trade carefully and manage your risk.
#BAKE #Altcoins
Deep Downtrend and Gap AnalysisThe GBP/USD 4-hour chart shows a clear downtrend, with price consistently moving below both the 34 and 89 exponential moving averages (EMAs), which is a clear indication of the strength of the current downtrend. These EMAs are also acting as strong resistance levels, preventing any further price recovery.
From the chart, it appears that a gap has been created during the price decline. In the short term, if price starts moving back to “fill the gap” and breaks above this level, it could signal a reversal or at least some stabilization before resuming the current trend. However, if price continues to fall and fails to return to fill the gap, this would further reinforce the downtrend and could test lower support levels.
Gap Analysis and Gap Filling PotentialThe EUR/USD chart shows a gap, which occurs when the price jumps across a certain range without any trading taking place between the two prices. Currently, the price pattern suggests that there is a possibility of a gap filling, meaning that the price could move back to fill the gap in the near future.
This usually happens when the market reacts to a sudden and unsustainable price move. The gap filling is likely to occur if EUR/USD continues to decline and approaches the key support level at 1.0400, a point where many traders may use to re-price or place new buy orders. This is an important move to watch, as it could influence the short-term trend and momentum of the market.
Gold Rebounds Strongly After US ElectionThe current chart shows that gold has made an impressive recovery after two consecutive weeks of losses, with a clear increase, marking an increase of $135/ounce in the past week. This comes amid a gradual replacement of the pessimism following Donald Trump's election victory by renewed optimism among traders and experts.
Through chart analysis, it is clear that gold is in a strong recovery process. The short-term EMA has crossed above the long-term EMA, indicating a positive trend reversal. This is in line with the results of the latest Kitco News survey, where the majority of experts (89%) and retail traders (66%) predict that gold prices will continue to rise in the coming week.
Looking ahead, I expect this optimism to continue to support gold prices, at least in the short term.
Gold Surges: Political Momentum and New OutlookAmid the escalating Russia-Ukraine conflict, gold witnessed a sharp increase in price, closing at $2,716/ounce, reflecting strong demand for safe-haven assets. This recovery was evidenced by the price of gold breaking above both the 34 and 89 EMAs, indicating a reversal from the previous downtrend and opening up a positive outlook for prices in the short term.
I assess that global political factors along with the upcoming US economic policy will continue to be the main factors affecting gold prices. Investors should pay attention to these developments when making investment decisions in the current context.
EUR/USD Faces Strong Bearish Pressure: Is 1.0390 a Stop?The EUR/USD chart is currently showing a clear bearish trend as the price continues to stay below both the Bollinger Bands and the SMA. In particular, the downward cross of the SMA by the price line indicates that the bearish momentum is still very strong.
From a technical perspective, the next important support level could be at 1.0390, if the downtrend continues. It will be important to monitor whether EUR/USD can stabilize and recover at this level, or if it continues to decline. The recovery could be difficult as the short-term moving average (SMA) and the Bollinger Bands are still above the current price, forming strong resistance.
Overall, the current trend shows challenges for the euro, and I will continue to closely monitor the technical indicators to adjust my trading strategy accordingly
TRADE PLAN ON TITAN Titan Stock Swing Trade Idea
1. Trend Analysis: The stock is in a strong uptrend, indicating positive momentum and investor confidence.
2. Demand Zone: It has reached a strong demand zone, a key level where buying interest is likely to emerge, providing potential support for price recovery.
3. Technical Patterns:
Weekly Timeframe: A shooting star-like pattern indicates possible hesitation or reversal after a strong upward move.
Daily Timeframe: A bullish engulfing pattern signals a potential continuation of the upward trend, confirming buyer dominance near the support zone.
4. Moving Average Support: The stock is taking support at a key moving average , adding to the confluence of bullish signals.
Trade Plan:
Entry: Consider NSE:TITAN the current demand zone or after confirmation of bullish momentum (e.g., a breakout above recent highs).
Stop-Loss: Place below the recent swing low or moving average support for risk management.
Target: Aim for the next resistance zone or a measured move based on the uptrend continuation.
Risk Note: Watch for a confirmed breakout or breakdown from current levels, as the shooting star pattern in the weekly timeframe could indicate selling pressure if demand fails to
#stockmarket #nifty50 #swingtrade #titan
DOGS/USDT Ready for a Big Move – 200% Gains PossibleDOGS/USDT Ready for a Big Move – 200% Gains Possible
Price Level: SEED_ALEXDRAYM_SHORTINTEREST1:DOGS is currently trading at $0.00067, positioned just below a key resistance zone at $0.00072. A breakout above this level could confirm a bullish trend continuation.
Resistance Zone:
Immediate Resistance: $0.00072Multiple rejections at this level suggest strong seller activity, but a sustained push could trigger a breakout.
Support Levels:
Primary Support: $0.00065Strong Support Zone: $0.00060
Trend Analysis:
▪️ The asset has retraced 72% from its All-Time High (ATH) and remains 59% below ATH.
▪️ Price is consolidating within a tight range, indicating potential accumulation.
Breakout Expectation:
A breakout above $0.00072 could open the path for a 200% upside move, supported by the historical resistance-turned-support principle.
Entry Zones:
▪️ Initial Entry: $0.00067 (CMP)
▪️ Secondary Entries: Between $0.00065-$0.00060
Targets:
1️⃣ $0.00083
2️⃣ $0.00111
3️⃣ $0.00156
4️⃣ $0.003
Stop Loss: To minimize risk, I am placing a stop loss at $0.00058, below the strong support zone.
Always apply proper risk management and conduct your own analysis before trading.
Swing Trade Idea in Murugappa Group stock | 30% upside possible.Hello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock name is Cholamandalam investment and finance ltd, which is belong from Murugappa Group, a prominent Chennai-based conglomerate founded in 1900. It is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and Loan against property.
Stock has almost taken support from important support zone, i feel this should fly now towards 1500+ levels within 1-3 months timeframe. I have positive view in banking and non banking finance company atleast for near term, chart is really looking good from here, so there is higher probability that we are gonna to see good momentum in it. For short term i have written all the levels on chart you can follow. Stock is really good for long term as well and it is giving good entry levels as well on discounted price. So if anybody wants to decide and go for long term investing can go from here...
Fundamentals:-
Market Cap
₹ 1,01,590 Cr.
Current Price
₹ 1,208
High / Low
₹ 1,652 / 1,011
Stock P/E
26.4
Book Value
₹ 255
Dividend Yield
0.17 %
ROCE
10.4 %
ROE
20.2 %
Face Value
₹ 2.00
Industry PE
23.1
Debt
₹ 1,57,943 Cr.
EPS
₹ 45.9
Promoter holding
50.2 %
Intrinsic Value
₹ 700
Pledged percentage
0.00 %
EVEBITDA
15.4
Change in Prom Hold
-0.09 %
Profit Var 5Yrs
23.4 %
Sales growth 5Years
21.9 %
Return over 5years
31.2 %
Debt to equity
7.38
Net profit
₹ 3,852 Cr.
ROE 5Yr
19.0 %
Profit growth
27.4 %
Earnings yield
6.40 %
PEG Ratio
1.13
Pros:-
Company is expected to give good quarter
Company has delivered good profit growth of 23.4% CAGR over last 5 years
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.
2 Breakout trades for 25 Nov Markets I make educational content videos for swing / positional trading
Data Trading in optionsOptions data captures information on options contracts, including pricing and trading volumes, useful for investment strategies. Discover our guide and top options data providers.
By analysing the information provided in the option chain, traders can identify potential trading opportunities and make informed decisions about buying or selling options contracts. Option chains are used by traders to analyse and evaluate the market's expectations of an asset's future price movements.
Option chainAn options chain displays all available option contracts for a security, organized by expiration date and strike price. Options chains typically show each contract's bid price, ask price, volume, open interest, and implied volatility (IV).
Option chains also allows traders with the option to select the best expiration date for their options trading. The option's expiration date is the day it will stop being tradeable. Traders may use the option chain to identify the expiry date that provides the optimal balance of risk and return for their transaction.
Database Trading Typically a trading dataset will provide information about trades that are made over the course of the day. This includes various different details about the trades, such as the bid, bid size and ask size. This information is known as quote data.
Results show that migration to a MongoDB database would be most beneficial in terms of cost, storage space, and throughput. In addition, organisations wishing to take advantage of autoscaling and the maintenance power of the cloud should opt for a cloud native solution.
SMC Trading with Professionals In conclusion, Smart Money Concepts (SMC) provides traders with a strategic framework that focuses on understanding the actions and motives of market makers, particularly institutions such as banks and hedge funds.
It compares favourably to other strategies, such as swing trading and scalping, although each are much more appropriate in a short term timeframe. If you are looking for the latest and greatest strategy traders are raving about, then SMC might be a great fit for you.
DOT/USDT 500% Potential: will it Hit New ATH ?#Polkadot ( CRYPTOCAP:DOT ) Bullish Chart Analysis
🔹 Performance: In just 25 days, DOT has surged 180%, showing strong bullish momentum.
🔹 Entry Strategy: Price is settling—look for the best entry zone for potential gains.
Best Entry Zone: $7.80 - $6.50 (Key FVG area).
Targets: $16 / $23 / $32 / $45 / Bonus Levels 🚀
Red Box Insight:
Strong Resistance Zone: Watch the red box closely.
Breakout Potential: If DOT breaks the red box, it could trigger a massive upward rally.
Support Flip: After breaking, this resistance will turn into a strong support zone.
⚠️ Risk Note: This entry carries risk. If you decide to enter, use a minimum amount and manage your risk carefully.
PROS/USDT 300% Potential as per chart analysis#PROS/USDT Chart Analysis
🔹 Support Level: PROS is holding strong above the $0.60 support level.
🔹 Potential Upside: If $0.60 support holds, targets of $2-$3 are possible in the coming days.
Risk-Reward Ratio:
Risk: ~20% (if it goes below $0.60).
Reward: 200%-300% potential gains.
Pro Tip: Always consider your risk-reward ratio and follow strict risk management.
Postional setup for next week Stock in uptrend with potential to give short term move. Be ready to play for 12 % return with 6 % SL happy trading.
