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NIfty Next Levels 20200 or 18800? Let's Read to know my view.Good Morning Mates. Nifty exhibited volatility but achieved a significant milestone by closing above 19600 for the first time in a while. The bullish crossover of the MACD signaling an ongoing bullish trend. Additionally, a bullish crossover in the RSI highlights the index's strength. In the short term, Nifty may target levels of 19800/19991 or even 20200+. On the downside, key support rests at 19308, and the market is expected to maintain a buy-on-dips strategy as long as this support level holds. Additionally we have Seen Triangle Continuation Pattern Breakout on Daily Chart, this is also a positive sign for nifty, i will explain a bit about this triangle pattern here. Q:- What Is the Triangle Continuation Pattern? Rahul:- The Triangle is a continuation pattern using the concepts of support and resistance and price breakouts. Generally, when prices make significant moves, they go through a period of resting. Usually with a Triangle pattern, the price consolidation period consists of higher lows and lower lows, forming the shape of a “triangle”. Q:- What Does the Triangle Continuation Pattern Look Like? Rahul:- Guy's check above the Nifty chart, i have rectified Triangle pattern. Q:-How to Interpret the Triangle Continuation Pattern? Rahul:- When the support and resistance lines begin converging, price can burst out of the consolidation area and it is expected that the price action will continue trending in the direction that prices have been moving previously. Q:- Is Triangle Continuation Breakout Pattern is a Buy Signal? Rahul:- Yes it gives signal to buy when the resistance line is penetrated to the upside. The signal is generally expected to be stronger if prices have been in an uptrend prior to the upside breakout. I hope guy's you have learned now about this Bullish Triangle pattern. 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:NIFTYLong
by TraderRahulPal
2
"DATAPATTNS: Riding the Uptrend Wave with Confidence"Description: 📈 DATAPATTNS: Seize the Uptrend Opportunity! 🚀 Get ready to harness the potential of an uptrending stock - DATAPATTNS! Here's why this opportunity deserves your attention: Key Points: 📊 Up-Trending Stock: DATAPATTNS has consistently been on an uptrend, reflecting strong market sentiment in its favor. 📊 Positive Relative Strength (RS): The stock boasts positive Relative Strength (RS), signifying its ability to outperform the broader market. 📉 Correction from Highs: Following higher levels, DATAPATTNS has undergone a healthy correction, potentially paving the way for the next leg up. 📊 Trading on Dual Support: DATAPATTNS is currently trading on both horizontal and trendline support, reinforcing its stability and growth potential. 🔙 Bouncing Back from Support Line: The stock is displaying signs of a rebound from the support lines, a bullish indicator. 📉 Cooled-Down RSI in Buying Zone: The Relative Strength Index (RSI) has cooled down and entered the buying zone, signaling an attractive entry point as the stock regains momentum. 💰 Accumulate or Trade: It's an opportune time to consider accumulating or trading DATAPATTNS, offering potential for both short-term and long-term gains. 📈 Hold for the Long Run: If feasible, contemplate holding DATAPATTNS until a significant breakdown occurs, capitalizing on its robust uptrend. 💰 Favorable Risk to Reward: This trade boasts an enticing risk-to-reward ratio, allowing you to aim for greater rewards while prudently managing risk. 📈 Entry Price (in Rupees): Consider entering the trade at Rs 2250. This entry level positions you strategically for potential gains as DATAPATTNS continues its uptrend. ❌ Stop Loss (in Rupees): Safeguard your investment with a stop loss at Rs 1940. This level serves as a protective barrier should the trade not unfold as anticipated. 🎯 Target Price (in Rupees): Our target is set at Rs 3000, reflecting a significant potential upside. This is where you may contemplate taking profits. 📈 Risk-Reward Ratio: With an entry at Rs 2250 and a stop loss at Rs 1940, the risk-to-reward ratio for this trade is approximately 1:1.55. For every unit of risk, there's a potential reward of 1.55 units. 🚀 Trade Strategy: Stay confident as DATAPATTNS' uptrend continues. Keep a close watch on the stock and adjust your stop loss to secure gains as the journey unfolds. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Ride the DATAPATTNS uptrend with confidence and seize the opportunity for potential gains. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:DATAPATTNSLong
by We_Learn_Investing
1
"POONAWALLA: Riding the Uptrend with Confidence"Description: 📈 POONAWALLA: Seize the Uptrend Opportunity! 🚀 Prepare to make the most of a promising uptrending stock - POONAWALLA! Here's why this opportunity deserves your attention: Key Points: 📊 Up-Trending Stock: POONAWALLA has consistently been on an uptrend, reflecting strong market sentiment in its favor. 📊 Positive Relative Strength (RS): The stock boasts positive Relative Strength (RS), signifying its ability to outperform the broader market. 📉 Correction from Highs: Following higher levels, POONAWALLA has undergone a healthy correction, potentially paving the way for the next leg up. 📊 Trading on Support: POONAWALLA is currently trading on a robust support level, providing a sturdy foundation for potential price appreciation. 🔙 Bouncing Back from Support Line: The stock is displaying signs of a rebound from the support line, a bullish indicator. 📉 Cooled-Down RSI in Buying Zone: The Relative Strength Index (RSI) has cooled down and entered the buying zone, signaling a favorable entry point as the stock regains momentum. 💰 Accumulate or Trade: It's an opportune time to consider accumulating or trading POONAWALLA, offering potential for both short-term and long-term gains. 📈 Hold for the Long Run: If feasible, contemplate holding POONAWALLA until a significant breakdown occurs, capitalizing on its robust uptrend. 💰 Favorable Risk to Reward: This trade boasts an enticing risk-to-reward ratio, allowing you to aim for greater rewards while prudently managing risk. 📈 Entry Price (in Rupees): Consider entering the trade at Rs 398.00. This entry level positions you strategically for potential gains as POONAWALLA continues its uptrend. ❌ Stop Loss (in Rupees): Safeguard your investment with a stop loss at Rs 370.00. This level serves as a protective barrier should the trade not unfold as anticipated. 🎯 Target Price (in Rupees): Our target is set at Rs 480.00, reflecting a significant potential upside. This is where you may contemplate taking profits. 📈 Risk-Reward Ratio: With an entry at Rs 398.00 and a stop loss at Rs 370.00, the risk-to-reward ratio for this trade is approximately 1:1.08. For every unit of risk, there's a potential reward of 1.08 units. 🚀 Trade Strategy: Stay confident as POONAWALLA's uptrend continues. Keep a close watch on the stock and adjust your stop loss to secure gains as the journey unfolds. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Ride the POONAWALLA uptrend with confidence and seize the opportunity for potential gains. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:POONAWALLALong
by We_Learn_Investing
XAUUSD_ Analysis August 28, GOLD has vitality again⚡️In a speech at the central bank conference in Jackson Hole, Wyoming, Fed Chairman Jerome Powell said inflation remains too high even with recent favorable figures and that the US central bank has room to substantial basis to regain price stability. But at the same time, Powell noted that economic uncertainty calls for "aggressive" monetary policymaking and that the Fed will proceed "with caution" when deciding on its next policy move. ⚡️Powell's message on Friday was in line with mixed signals from other Fed officials in the run-up to the meeting. Philadelphia Fed President Patrick Harker told CNBC he doubted the central bank would need to raise rates again, but also said he wasn't ready to predict when rate cuts might begin. Boston Fed President Susan Collins said on Yahoo Finance's video channel that interest rates could be near or at their peak, "but could certainly increase further." ⚡️Plan: BUY XAUUSD price 1907-1909. SL 1903. TP 1915, 1920
OANDA:XAUUSDLong
by Mars_Hunter
4
XAUUSD-Gold found in 1952 was just an accidentGold price today continued to maintain a downtrend and traded around 1925 usd/ounce. It can be seen that last night, the USD had a hot session again, causing gold to come under downward pressure and hit its lowest level in the past week. In the near future, the gold price may drop further to the threshold of 1,900 USD/ounce when the USD is still rising. If on September 13, the US announces that the August inflation index fell exactly or lower than the forecast of 3.2%, gold will continue to face difficulties. Trading plan: XAUUSD Sell zone 1933 - 1935 SL 1939 TP 1915
OANDA:XAUUSDShort
by Mars_Hunter
EURUSD This weekEUR/USD is extending its sideways trading in the European session on Thursday. The pair lingers near three-month lows, as the US Dollar clings to recent gains amid a risk-off market profile. EU/ US data and Fedspeak awaited. The EUR/GBP cross gains momentum above the mid-0.8500s during the early European session on Thursday. The cross currently trades near 0.8576, unchanged for the day. The latest data revealed on Thursday that German Industrial Production (IP) for July fell -2.1% YoY from a 1.5% drop (revised from a 1.5% drop) in the previous month. On a monthly basis, the figure dropped 0.8% versus a 1.4% decline in June and below the expectation of a 0.5% drop. However, the Pound Sterling (GBP) is weakened against the Euro as the Bank of England (BoE) Governor Andrew Bailey's dovish remark on Wednesday that the central bank is much closer to ending its hiking cycle.
by Mars_Hunter
🚀 Opportunity Alert! 💹 Don't Miss Out on J&KBANK! 📈 Stocks Su## Trade Details - Name of The Stock : Jammu & Kashmir Bank - Type of Trade : Momentum Investment or Positional Trade - Duration : More than 60 days - Entry Level : Between 62.00 to 65.00 - Stop Loss : Initial 60.00 (Trail accordingly) - Target : above 92.00 --- ## Chart Details - Level 63.00 (resistance) has broken with higher volume - Stock has corrected 12% from 52-W high - Relative Strength (RS) positive - RSI is also showing strength - Good time to take position
NSE:J&KBANKLong
by We_Learn_Investing
2
Gold Market Analysis: Growth Prospects Next WeekGold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains. On the hourly time frame, the ascending channel resistance was previously broken, all expectations are for further growth, I told you there is a possibility of a false breakout. On Friday, after the release of the non-agricultural employment data and the unemployment rate, the market fluctuated in two directions, and the price returned to the boundary of the ascending channel (false breakthrough), and the closing was still an alternative to the ascending channel (false breakthrough). ). The opening price of the channel. Friday meeting. The market is weak. As the DXY US dollar index is testing strong resistance around 104.5, a break of this area will lead the price towards 105.5, which will have a negative impact on the formation of gold prices. SIGNALS: BUY GOLD zone 1934-1936 SL 1930 TP 1940,1950
TVC:GOLDLong
by Mars_Hunter
What to do after sudden gold rise?🌸Hello everyone, it's a pleasure to share and explore the market with you today. Currently, the gold market (August 24) has increased significantly compared to the previous session. Gold has now far outstripped a dangerous $1,900 price point after economic data from Europe showed a less positive purchasing managers index (PMI), prompting investors to ramp up their purchases of gold to hedge risks. . 🌸Specifically, PMI in this region in August was 43.7 points, higher than 42.7 points in July and higher than the forecast level of 42.6 points. However, this is still far short of the 50-point expansion threshold for manufacturing. 🌸The best trend today you can wait for gold to test about one business and then buy. 🌸You can set up buy order at 1910-1908 SL 1903 TP 1920.1925
OANDA:XAUUSDLong
by Mars_Hunter
1
Bank NIfty Intraday Levels for 05/Sep/2023Good Morning Traders. Banknifty maintained upward momentum for yet another session, rising 142 points to 44578, but formed a small bodied bearish candlestick pattern with a long lower shadow on the daily charts, indicating buying a lower levels. The immediate obstacle on the upside is at the 44600-44650 zone. A successful break of it would pave the way for the index to move towards 45000 levels, where a substantial amount of open interest exists on the call side, making it a key area to watch, he said. Overall guy's market is buy on dips. Any dips will be buying on dips. Important levels for Banknifty:- Support zone 44300-44200 Resistance zone 44650-44750 Buy above 44625, if levels sustains at least for 15 mints Targets we can see for upside 44780/44938 Keep stop loss at 44459 Sale below 44459, if levels sustains at least for 15 mints. Targets we can see in downside 44335/44158 Keep stop loss at 44625 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. 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:BANKNIFTY
by TraderRahulPal
Gold price today August 31: Gold reached a 3-week peakGold prices are rising and reaching a 3-week high of 1935 USD/ounce after a series of lower-than-expected US economic data. ADP's national employment report for August only increased by 177,000 jobs, compared with expectations for an increase of 200,000 jobs. According to experts, the US stock market is trending up. The sentiment of overseas traders and investors has improved, as China continues to implement measures to stimulate the economy, which are positive factors for gold prices. Short trading plan: Sell Gold 1953-1955 SL 1960 Plan nonfarm Buy Gold 1933-1935 SL 1928 Sell gold 1965-1967 SL 1973
OANDA:XAUUSD
by Mars_Hunter
1
ROSSELLIND - Weekly Chart AnalysisAfter moving out of the base of 32 Weeks it went under another consolidation of 4 weeks and range of 14% giving breakout with huge volumes spurt. This shows the strength. A start of new swing from here on. The stock is sailing above all its key moving averages. My view gets invalid if it manages to close on weekly basis below 384-352 levels. Traders can even keep tight SL below the last swing low but i would not recommend it as we analyze on weekly TF and we shall give a stock enough room for movement.
NSE:ROSSELLINDLong
by marketmoneymohmaya
GOLD - Quickly catch the rebound of goldThis morning's gold price continued to increase by 16.7 USD compared to yesterday's closing level to 1,936.5 USD/ounce, the gold price reached its highest level in three weeks. The US Employment Turnover (JOLTS) report and consumer confidence index were much lower than expected, spurring fresh buying demand for the precious metal. Gold prices continue to maintain a solid recovery but there is still a potential risk that it will be lower in the near future because this week there is still a lot of economic news that strongly affects Gold prices.
TVC:GOLDLong
by Mars_Hunter
2
BankNifty has formed a bearish candlestick on daily timeframeGood Morning Traders. Yes you heard it right, Banknifty has formed a bearish candlestick pattern on daily time frame. But i am doing this analysis now in 30 mints. Because this is Intraday purpose analysis. Anyways let's talk what had happened yesterday..and what is going to happen today?? Yesterday again we have seen Banknifty maintained higher highs and higher lows formation for yet another session, though the index lost the gains from the day's high to close flat and formed a bearish candlestick pattern on the daily time frame. Bank Nifty again tried to get back above 44500, but failed to sustain the same. It has given closing at 44495.25 . It was proper consolidation day yesterday. We might can see more consolidation between 44000-45000. As of now 44500 looks strong support zone for near term, if today again banknifty able to hold this level then we might can see Banknifty towards 44750+..Let's see what is going to happen. We will act according to price action. Important levels for Banknifty:- Support zone 44500-44300 Resistance zone 44650-44750 Buy Above 44583, if levels sustains at least for 30 Mints. Targets we can see in upside 44721/44952+ Keep stop loss at 44442 Sale below 44300, if levels sustains at least for 30 Mints. Targets we can see in downside 44153/43941 keep stop loss at 44442 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. 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:BANKNIFTY
by TraderRahulPal