Tradingsignals
UNO MINDA : Inverse head & shoulder pattern breakout 📈 UNO MINDA is breaking out from the inverse head & shoulder pattern in the daily time frame. It can give Targets 🎯 of the Shoulders & then its Head .
🔰 Uno Minda can rise upto 12% to 24% returns in the short term.
🟢 Range : 1180 to 1200
🎯 Target : 1340 / 1480
🛑 Stop : 1000 (DCB)
⚠️ Disclaimer : It's not a buy/sell advice. It's a view purely for the educational purposes.
RADICO KHAITAN : A symmetrical channel Breakout💡 RADIKO KHAITAN has shown a symmetrical price channel breakout in a weekly time frame.
📈 It has given a very nice breakout that too with much more volume. It can rise till the target of symmetrical price channel range.🚀
🟢 Range : 1880 - 1900
🎯 Target : 2100 / 2300
🛑 Stop : 1600 (wcb)
⚠️ Disclaimer : It's not a buy/sell advice. It's a view purely for the educational purposes.
Bitcoin Worst Case Scenario Setup - Bitcoin is currently trading at 59000$ and we have the August monthly closing tomorrow
- Bitcoin has a Fair Value Gap ranging from 62,500-61,000$
- Bitcoin is currently chopping getting distributed and then showing small recoveries which has changed BTC's trend to bearish more HL HL followed with LL LL
- To flip the current trend we need a strong weekly closing above 67,000$ first
- I have drawn 2 bearish paths which happens to be best possible scenario for BTC, I am being practical and not blindly bullish over Bitcoin
- In trading, you have to consider a lot of uncertainties or else you get thrown out of the market so yes 51-54,000$ will be an important accumulation and longing zone for me to track BTC
Gold price fluctuation analysisFundamental Analysis
Upbeat US growth reports and initial jobless claims have pushed back expectations of a deeper Federal Reserve rate cut in September, weighing on non-yielding gold. However, escalating geopolitical tensions in the Middle East and the war between Russia and Ukraine could boost safe-haven demand, benefiting the yellow metal.
Investors will be closely watching US inflation data for further insight into the potential size of the Fed’s rate cut. The core personal consumption expenditure (PCE) price index, the Fed's preferred inflation gauge, is estimated to have risen 2.7% year-on-year in July, up from 2.6% in June. A weaker-than-expected PCE reading could prompt the Fed to start a rate-cutting cycle, acting as a bullish catalyst for XAU/USD.
Technical Analysis
Gold is pushing higher in the European session ahead of an all-time high. If the resistance at 2525 is broken before the US session starts, we will see a new ATH around 2450. In the event that gold is pushed below 2525 and the US enters, it could push gold deeper into the current support at 2503-2494 as a hurdle ahead before heading towards 2485 to end a volatile Friday for gold.
Resistance: 2530 - 2535 - 2543 - 2550 - 2558 - 2568
Support: 2513 - 2505 - 2500 - 2494 - 2485 - 2472
SELL zone 2541 - 2543 stoploss 2547
SELL zone 2548 - 2550 stoploss 2554
BUY zone 2509 - 2507 stoploss 2503
BUY zone 2485- 2483 stoploss 2480
Trading gold signals 28/8☘️Fundamental Analysis
Gold prices lost steam amid a modest recovery in the US dollar (USD) on Wednesday. However, escalating geopolitical tensions in the Middle East could help limit losses. In addition, US Federal Reserve (Fed) Chairman Jerome Powell's speech at the Jackson Hole symposium last week, signaling that it was "time" to start cutting interest rates, could support the precious metal as it reduces the opportunity cost of holding non-interest-bearing assets.
Investors will pay closer attention to speeches by Fed officials Christopher Waller and Raphael Bostic on Wednesday for some hints on the path of US interest rates. Attention will also turn to preliminary data on US annualised GDP for the second quarter (Q2) and the Personal Consumption Expenditures (PCE) price index, due on Thursday and Friday. Better-than-estimated results could lift the US Dollar (USD) and limit upside in USD-denominated Gold prices.
☘️Technical analysis
Gold is retreating from the closing level of 2424, currently gold is approaching the important area of 2509. When breaking this area, lower areas can pay attention to trading in the European session around 2503-2495. Today, the main plan is to wait for buying to break ATH. On the contrary, if the price pushes to 09 and does not break, you can buy in the 09 area. If you cannot break this area in the European session, you can close the order. The candle closes above 2020 after the European session ends, consider finding a recovery point for DCA to buy the target to break ATH.
Wish you a successful transaction.
SELL scalp zone 2530 - 2532 stoploss 2536
SELL zone 2545 - 2547 stoploss 2551
BUY scalp zone 2496 - 2494 stoploss 2490
BUY zone 2485- 2483 stoploss 2480
Nifty Intraday Levels | 26-AUG-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
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✍️COMMENT Below your view !
ARB Bull Run Setup - ARB is looking good and sitting at a great POI to accumulate before it moves up parabolically
- I look for a larger upside because catching these at their base is always lucrative instead of catching them after they move 50%
- If your investment horizon is 3-6 months then you can easily yield 30-50% by allocating a small size in your Portfolio, especially in altcoins
- If you still wanna wait for confirmation then better wait for a weekly sweep above 0.83$ and then look for swings
- I don't prefer or do leverage at all but still, if you're looking for scalps or short swings better filter the chart on an hourly timeframe and then look for setups
Aptos Trade Idea - Aptos has bounced back quite strong where it has yielded more than 25% in a week
- Aptos can soon mitigate 10$ as well only if we sweep above 7.6$ on a daily timeframe and continue to stay above the same by either consolidating or by making a weekly close above that
- Make sure that you don't get trapped in longs by simply longing it right after the sweep it can be a liquidity grab as well so stay a little cautious
- My overall bias for Aptos is bullish and I soon see it piercing 10$ and 16$ as well on a quarterly horizon
- Hold your spot wallet and do not try to leverage much and don't even try to short the market
JINDALPOLY : stock heading to the previous ALL time HIGHS💡 JINDALPOLY is bottoming out stock which is heading to its previous all time highs with a huge buying volumes.
📈 You can watch it for the good returns in a short term timeframe.
🟢 Range : 850 to 880
🎯 Target : 1100 / 1300 / New ATH
🛑 SL : 700 (wcb)
⚠️ Disclaimer : This is not a buy/sell advice. It's only a view for purely educational purposes.
POONAWALA FINCORP : Best Stock for a short-term gainPOONAWALA FINCORP has taken a support from at its previous strong support zone and getting reverse from that level with a good volumes.
🔰 One can accumulate it for a gain of 10% / 20% / 30% upside targets in a short term.
📈 Range : 380-385
🎯 Target : 430 / 470 / 500
🛑 SL below : 340 (wcb)
⚠️ [ b]Disclaimer : This is not a buy/sell advice or recommendation. This is purely my view only for the educational purposes.
PAISALO DIGITAL : Trading idea for a short term gainPAISALO DIGITAL has formed a double bottom pattern in a daily chart. It's a nice trading stock for a short term gain of atleast 15% to 20%.
🔰 Range : 67-68
🎯 Target : 75 to 80
🛑 SL : below 58
⚠️ Disclaimer : This is not a buy/sell advice. It's a view for purely educational purposes.
Bitcoin 4H Swing Setup - Bitcoin is now down 15% from its recent swing high
- I have drawn 2 Price Paths for Bitcoin
- The first price path describes how Bitcoin can soon run up clear the Fair Value Gap and then pierce 60k and bounce from 56-58,000$
- The second price path describes how Bitcoin can soon run down grab liquidity from 56-58k and then move up towards 64k
- Bitcoin is currently sitting in a no-trade zone even if you are looking for longs or shorts make sure your leveraged positions are carrying a calculated risk
Aptos 1D Technical Analysis - Major Altcoins are also seeing liquidity getting sucked out of them
- I consider Aptos, currently priced at 4-5 dollars, to be a strong buy.
- If you are looking for a long term swing pick then APT looks fair to me
- BTC Dominance has almost made its TOP
- I don't think we should fall beneath 4$ for aptos
- Consolidation and basing is going to be a part of Aptos's Price Behaviour so make sure that you do not get swept out
- Always manage risk properly
BankNifty Analysis for Tomorrow 1st August 2024BankNifty Analysis for Tomorrow 1st August 2024
As per our analysis for Bank Nifty, we are expecting these lower levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
*Previous Close: 51553.40*
Buyers can be active above Zero Line (Previous Closed): 51553.40
Level = TGT 1 : 51839 | TGT 2 : 52036.85 | TGT 3: 52218.60
Sellers can be active below Zero Line (Previous Closed): 52,278.90
Level = TGT 1 : 51305.55 | TGT 2 : 51136.45 | TGT 3 : 50929.35
Few Points Needs to be remembered :
- Chart Using "Standard"
- All the levels are based on 15 min chart only
- These Analyzed levels should only be considered as Intraday Levels
*Disclaimer*: All the provided levels are for educational purpose only, please do your own analysis before doing any trade in the live market or consult your financial advisor before act.
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Bank Nifty 1d Technical Analysis - Bank Nifty is currently trading at 51,295 and looking Bearish on a High Time Frame
- Watch out if you are looking for Aggressive longs or adding stocks for long-term
- The location looks very scary so try to be a little conscious while longing for BNF
- Watch out for the bearish OB reaction
- Any sweep above that can easily lead to huge impulsive moves
- My overall bias remains bearish
Bitcoin 1D Technical Analysis - Bitcoin made a strong weekly close last week and is currently trading above 63,500$
- Bitcoin currently looks ready for a retracement and can retrace towards 59-61,000$
- Place your Altcoin and Ethereum bids accordingly after understanding Bitcoin's price action
- Do not overlap your risk rather manage it wisely
Power Mech Project Ltd: Charging Up the Charts Like a Supernova!
Technical Analysis:
Breakout: Holy circuit breaker, Batman! Power Mech just blasted through its resistance like a bull in a china shop full of lightbulbs!
Rectangle Pattern: After months of playing ping-pong between support and resistance, this stock finally decided to stop teasing and make its move.
Volume: Volume accumulation suggests traders are piling in faster than teenagers at an all-you-can-eat buffet.
Trend: The uptrend is so strong, it could probably bench press its own market cap.
Support: Previous resistance at 5,532.25 now likely to act as support. It's like the floor and ceiling just switched roles in this stock market dance!
Fundamental Factors:
Power sector seeing increased activity. Power Mech is lighting up portfolios brighter than a Christmas tree on steroids.
Potential new project wins or order book growth could be fueling this electric rally.
Risks:
After such a powerful surge, a pullback is possible. Even rockets need to catch their breath sometimes!
Keep an eye on broader market sentiment and sector-specific news.
Trade Idea:
Consider long positions with a stop loss below the breakout level. Target the psychological 6,000 level - let's see if Power Mech can join the 6K club!
Remember, traders, timing is everything in the market. You don't want to be the last one to show up at this high-voltage party!
Key Levels to Watch:
New support (old resistance): 5,532.25
Next psychological resistance: 6,000.00
Stop loss consideration: Below 5,400.00
Disclaimer: This analysis is for educational purposes only. Always do your own research and manage your risk. Remember, the stock market is like a rollercoaster powered by Power Mech - thrilling, but it helps to have a strong stomach and know when to exit!
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.
After a slight decrease, XAU suddenly turned aroundUS Federal Reserve (FED) Chairman Jerome Powell and expect US employment data to be released later this week for further signals on US interest rate cuts.
Yields on 10-year Treasury notes hit a one-month high and remained high, making non-yielding bullion less attractive.
The market remains very sensitive to any discussion about interest rates or anything related to FED policy. So I think the market is still in the wait-and-see phase."
Gold is waiting for market fluctuationsGold costs will remain caught until "some thing shakes up the marketplace as a whole."
to get better again to 2,340 USD/ounce. This absolutely offset final week`s losses.
Investors need to now no longer promote at the moment due to the fact "in case you are preserving gold long-term, there's no purpose to promote due to the fact the charge remains above 2,2 hundred USD/ounce".
maximum humans are having impartial predictions gold
The US economic system is slowing down, inflation is vulnerable and americaA Federal Reserve (Fed) is much less dovish. These affects lessen call for for gold, that may cause a huge promote-off.
If you're preserving gold, there's no purpose to promote due to the fact the charge remains above 2,2 hundred USD/ounce.
The marketplace might also additionally have few transactions, because of this that the hazard of big fluctuations. Geopolitical trends consisting of escalation in Ukraine or the Middle East ought to disrupt the marketplace, Grady said.