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Gold Price: Potential Downturn Ahead as Market Signals ShiftThis chart tracks the price movements of Gold in USD per ounce over a four-hour timeframe, as of June 13, 2024. Here’s a simple breakdown: 1. **Current Price**: Gold is trading at around $2,301.84. 2. **Resistance Levels**: There are significant resistance points where selling pressure is high at around $2,340, $2,380, and $2,420. These levels are where the price struggles to go higher. 3. **Support Levels**: On the downside, there are support levels around $2,220 and $2,180, where buying interest might help keep the price from falling further. 4. **Trend**: The price has been generally moving up since early May, as shown by the upward trend line. However, there have been recent signs of this trend reversing. 5. **Market Signals**: - The chart shows points labeled 'CHOCH' (Change of Character) and 'BOS' (Break of Structure), which mark key changes in price trends. - The latest signals suggest that the market is turning bearish, indicating a possible decline in prices. 6. **Volume**: High trading volumes are noted around the resistance levels, indicating strong selling activity. 7. **Predicted Movement**: An arrow on the chart indicates that the price might drop soon, potentially reaching the support levels at $2,220 or $2,180. In essence, the chart suggests that gold prices could be heading downwards in the near future, given the recent shift in market sentiment and strong resistance at higher price levels.
TVC:GOLDShort
by OptimaltradeX
📊 Equitas Small Finance Bank Analysis - Week Starting 19th FebNSE:EQUITASBNK Last Closing Price: 💵 107.20 50-Day Moving Average: 📈 Crossed Over @ 406.52 (Short Term Bull Run) EMA & MA Crossover: 🔄 Pending @ 104.00 & 102.62 (Bullish Trend Re-establishment Expected) Parabolic SAR: ✅ Bullish @ 99.00 Fibonacci Levels: Closed Above 📏 0.382 @ 106.05 Next Target 🎯 Above 0.50 @ 108.05 (Strengthening Buy Signal) MACD: Signal Value: 📶 1.28 MACD Value: 📈 1.31 Stochastic RSI: 🔄 K58.67 ➡️ D32.73 (Bullish Crossover) %R (Williams Percent Range): 📈 Upper Band @ 7.87 Fisher Transform: 🐟 Positive @ 1.42, Trigger @ 2.53 (Bullish) 🎯 Targets: First Target: 🎯 110.15 (Fibonacci 0.618 Level) Second Target: 🎯 112.95 🛑 Stop Loss: ⚠️ 99.60 (Fibonacci 0 Level) ⚠️ Disclaimer: This content is provided for informational purposes only. It is not intended as financial advice. Trading involves risks and is influenced by external market conditions. Conduct your research or consult a financial advisor. #EquitasSmallFinanceBank #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR
NSE:EQUITASBNKLong
by finogent
Basic Understanding about Supply and Demand ZonesQ: What is a supply zone in trading? A: A Supply Zone is a Price level or Area on a chart where Selling pressure is expected to be strong enough to overcome buying pressure, causing prices to fall. It is typically identified by a concentration of previous price highs where sellers have historically emerged. Q: What is a Demand zone in Trading? A: A Demand zone is a Price Level or area on a chart where Buying pressure is expected to be strong enough to overcome selling pressure, causing prices to rise. It is usually identified by a concentration of previous price lows where buyers have historically stepped in. Q: How can traders identify supply and demand zones on a chart? A: Traders can identify Supply and Demand zones by looking for Areas where the price has previously made significant moves up or down. For Supply zones, they look for price peaks followed by sharp declines. For Demand zones, they look for price troughs followed by sharp increases. These zones are often marked by areas of consolidation or strong price rejection. Q: How do Supply and Demand Zones integrate with other Technical Analysis tools? A: Supply and Demand Zones can be used in conjunction with other Technical Analysis tools such as Trend lines, Moving Averages, and Candlestick Patterns. For example, a Supply zone that aligns with a Resistance level can provide a stronger signal for potential price reversals. Combining multiple tools can enhance the accuracy of trading decisions. Q: How can traders Manage Risk when trading Supply and Demand zones? A: Traders can manage risk by using stop-loss orders just outside the supply or demand zone to limit potential losses. They should also consider the size of the zone and the volatility of the scrips when determining their position size. Regularly reviewing and adjusting their zones based on market conditions can also help in managing risk effectively. Keep Practicing & Learning Price Ac tion concepts
NSE:NIFTY1!Education
by Himanu_HATradeTalk1
31 May 2024 - BankNifty stance is neutral, slightly bullish toneBankNifty was unable to break the 48947 resistance today, except for the 10.18 candle, rest 5 candles touched the 48947 resistance level. In 3 instances we went above, but could not sustain. If any of the candles closed above this level, I would have changed the stance to bullish. As of now maintaining the neutral stance with a slightly bullish tone. All eyes are on the election exit polls today and then the actual results on June 4th. Banks and financial sectors will be the first to react to any news, rumors, or press releases. Unlike other developed markets, finances are the most important sector in our listed space. Copy pasting my expectations for markets next week, post election results 1. 400+ seats - up 5%+ 2. 270 to 399 seats - down 5 to 10% 3. less than 270 seats - down 25%
NSE:BANKNIFTY
by viswaram
Coromandel Intl (NSE) - Potential Breakout and Uptrend ContinuatCoromandel Intl (NSE) has been on an upward trend for the past few months, with higher highs and higher lows. Recently, the price appears to have broken above a resistance level around ₹1,271.69, which could signal a continuation of the uptrend. Additionally, the trading volume on the day the chart was published was slightly above average, indicating potential increased buying pressure. Bias: Bullish Analysis: Upward trend: The chart displays a clear upward trend with consistent higher highs and higher lows. Breakout: The price seems to have broken above a resistance level at ₹1,271.69, potentially indicating a continuation of the uptrend. Considerations: Short-term pullback: The price has pulled back slightly from its recent high. This could be a buying opportunity, but it's also important to be aware that it might signal a temporary loss of momentum in the uptrend. Missing indicators: This analysis is based solely on price action. Using technical indicators could help confirm the strength of the trend and identify potential support and resistance levels. Conclusion: Coromandel Intl (NSE) presents a potential opportunity for a continuation of the uptrend based on the recent breakout and overall price movement. However, a short-term pullback is also a possibility. Further research and the use of technical indicators are recommended before making any investment decisions. Category: Analysis Investment Strategy: Bullish Tags: NSE, Coromandel Intl, Uptrend, Breakout Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
NSE:COROMANDELLong
by TRADING-NASA
Trading Signal Analysis for TITAGARH RAIL SYSTEMS LTD (NSE)Signal: BUY 📈 Confidence: 90% Take Profit Target: 1,600 INR 🟢 Stop Loss Target: 1,300 INR 🔴 Analysis: Strong Uptrend 📈 The stock is in a clear and strong uptrend, making higher highs and higher lows consistently. Volume Increase 📊 There is a significant increase in volume accompanying the recent price rise, indicating strong buying interest. Support from Moving Averages 📉📈 The price is well above the key moving averages (both short-term and long-term), providing strong support. Bullish Candlestick Pattern 🕯️ The recent candlesticks show a bullish pattern, confirming the upward momentum. Breakout Above Resistance 🚀 The stock has broken above a key resistance level at around 1,316 INR, indicating potential for further gains. Price targets based on Fibonacci extension levels suggest the next target around 1,600 INR. Market Sentiment 🟢 Overall positive sentiment in the market for this sector, supporting the bullish outlook. Disclaimer: This is not trading advice. Always perform your own research before making any trading decisions.
NSE:TITAGARHLong
by TRADING-NASA
Breakout with huge Volume || This auto stock is ready to fly Hello everyone, i hope you all will be doing good in your trading and your life as well. I have brought an auto ancillary stock which has given a breakout with huge volume addition on chart, this type of structure usually supports breakout. MACD and RSI also giving bullish crossover, price is above 200-DEMA. All this indicating bullish moment in this stock. Market Position:- Company is India’s largest manufacturer and exporter of auto components and amongst the leading manufacturers of industrial components. It also manufactures critical components for wind, hydro and nuclear applications; provides critical components for defense and aerospace. Market Cap ₹ 66,996 Cr. Current Price ₹ 1,439 High / Low ₹ 1,474 / 753 Stock P/E 73.0 Book Value ₹ 154 Dividend Yield 0.50 % ROCE 13.3 % ROE 13.2 % Face Value ₹ 2.00 Industry PE 30.2 Debt ₹ 7,948 Cr. EPS ₹ 20.4 Promoter holding 45.2 % Intrinsic Value ₹ 329 Pledged percentage 0.00 % EVEBITDA 26.2 Change in Prom Hold 0.00 % Profit Var 5Yrs -2.05 % Sales growth 5Years 9.10 % Return over 5years 25.9 % Debt to equity 1.11 Net profit ₹ 910 Cr. ROE 5Yr 9.59 % Profit growth 101 % 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:BHARATFORGLong
by TraderRahulPal
Short Term Swing Trading Idea in Jubilant Ingrevia for 20% UpsidHi, NSE:JUBLINGREA has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily, Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:JUBLINGREALong
by raigvivek
Bank Nifty Pefect Levels For 17/05/2024 Check My Previous Level**Analyzing Bank Nifty Index Levels for May 17, 2024** *Building on the previously identified levels and market dynamics, let's explore the potential support and resistance zones for Bank Nifty on May 17, 2024, to guide traders in their decision-making process.* ### Support Levels: 1. **Primary Support Level:** 47814 2. **Secondary Support Level:** 47620 3. **Downside Support Level:** 47400 ### Resistance Levels: 1. **Primary Resistance Level:** 48150 --- **Key Insights:** - **Support Dynamics:** Bank Nifty is anticipated to find support initially at 47814, followed by 47620. However, a breach below 47620 could lead to further downside movement, testing the 47400 level. - **Resistance Considerations:** The primary resistance level stands at 48150. If the market breaks above this level, it may indicate a shift towards bullish momentum, potentially leading to an upside movement in Bank Nifty. --- **Trading Strategy:** - **Long Positions:** Consider initiating long positions cautiously if Bank Nifty holds above the identified support levels, with confirmation of bullish momentum. A breach above the resistance level of 48150 could provide opportunities for long trades. - **Short Positions:** Traders looking to enter short positions may observe the market's behavior around the resistance level. If Bank Nifty fails to break above 48150, shorting opportunities may arise, with targets set around the support levels mentioned. --- **Conclusion:** As traders prepare for May 17, 2024, understanding the key support and resistance levels is crucial for devising effective trading strategies in Bank Nifty. Monitoring price action around these levels and staying adaptable to market dynamics will be essential for navigating potential fluctuations and achieving favorable trading outcomes. *Disclaimer: The above analysis is for informational purposes only and should not be considered as financial advice. Traders should conduct their own research and consult with a financial advisor before making any investment decisions.*
NSE:BANKNIFTYLong
by santubittu
BOME MEME COIN CRYPTO SWING LONG - Bome is a new crypto theme and these meme coins work in a theme only theme new names new hype new money infusion - From meme coins, your only goal should be to maximize as much as possible and not get in love with it or keep it in your portfolio forever - Have a small allocation of 5-10% on your overall portfolio and forget it - Bome is looking good for a swing long you can watch this base out and think about adding this as a positional or swing long - Keep your risk as low as possible and do not breach your risk on the trade
Long
by VKtradesimbalance