Tradingsignals
CNX FMCG Indices Technical Analysis - Nifty FMCG did play out exactly the way I had forecasted and now it's following my path.
- FMCG stocks can witness a good retracement and I think this isn't the right place to add them as well
- For any long term Investments better try understanding the fact that catching a bullet train in the middle won't help you in gaining money it will help you more in losing.
CNX FINANCE TECHNICAL SETUP - The Finance Index is currently trading in a range
- IMO I think we can break down and see a breakaway all through the downside
- It's going to be important to notice what the price exactly does
- I have drawn two paths let's see which one plays out, I am bearish already for long-term Investments.
- I would prefer sitting cash for the next two quarters before I pool in money for my long term Investments
Rites Swing Long Setup - The Railway Theme inside the market looks very hot now
- IMO, rites is currently setting up in a way that once it induces back to the FVG it can show an impulsive move
- Point or scenario 2 can be where we directly see an impulsive move right from here so position yourself accordingly and do not over size or over risk
CG Power: Range breakout on back of expected good QTR NumbersNSE:CGPOWER - Technical Analysis Update 🚀📊
Current Price: ₹479.65 (as of Jan 5, 2024, 12:08 PM)
Key Indicators:
Opening Price: Above critical level of ₹469.75, indicating a positive trend 🟢
Moving Averages: Recent bullish crossover in EMA and MA
MACD: Anticipated crossover in next 1-2 days; Current MACD at 6.85, Signal at 7.82
Stochastic RSI: Recovery from oversold, K at 61.25, D at 33.09
%R: -31.76, still below upper band
Fisher Transform: Positive crossover at 0.08 (Fisher), -0.37 (Trigger)
Market Outlook:
Positive momentum observed, with a break in the short-term price range.
Bullish signals from moving average and MACD crossovers.
Trading Targets:
First Target: ₹488.50 🎯
Second Target: ₹503.55 🎯
Caution:
STOP LOSS: exit around ₹461.55 - ₹461.80 (0.382 Fibonacci level).
Monitor closely for sustaining the upside movement. ⛔
Conclusion:
CG Power shows strong potential for growth, with key indicators pointing towards a bullish trend. Ideal for investors looking at short to mid-term gains. Stay vigilant and trade smartly! 🌟⚡
Disclaimer:
Informational Purpose: This analysis is for informational purposes and does not constitute financial advice.
No Guarantee: The accuracy or completeness of the information is not guaranteed.
Investment Risks: Stock market investments are subject to market risks, including the loss of principal.
Independent Research: Investors should conduct their own research and consult a financial advisor before making investment decisions.
No Responsibility: The author is not liable for any losses or damages arising from the use of this analysis.
Regulatory Compliance: This analysis is not a guarantee against regulatory risks.
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Bank Nifty Trade Levels Setup - The Indian Indexes are looking stretched now.
- It's better to be a little patient first and then take trades impulsively
- Do not long or short based on anyone else's idea.
- It's very important to wait for a retracement which will give you a better confirmation for swings
PVRINOX to take long entry.Long PVRINOX above @1699 for the next target of 1775 -1800 with SL of 1645.
Below are points showing strength in the stock..
1) On the daily chart BO of 50 EMA levels.
2) Consolidation Break out between 1650 to 1670
3) On daily chart 40 level RSI Support.
4) on the hourly chart RSI above 60 shows bullish in the stock.
5) A pin bar candle is also seen on the daily chart.
This is for your educational purpose only.
BTC DOM Bitcoin Dominance Update - Bitcoin Dominance is the major reason behind Altcoins falling badly
- Bitcoin dominance is currently rising and trading around 53.7 which looks bullish
- I expect it to retrace and fall back again from its overhead supply
- You should look to add alts once it's near the supply it might pierce it a little and then fall back too
- Do not get trapped
Shradha Infraprojects Ltd (Breakout Soon Stock)Shradha Infraprojects (Nagpur) Ltd can give a breakout above the 62.35 level. The stock needs to close above the 62.35 level on a weekly basis. The stock has a possible upside of 67,76, and 102 in the long run. Also, good volume can be seen. One can place a stop loss of 52.50 (W) closing basis. #SHRADHA.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor prior to making any investment.
Puravankara Projects (Multiyear and Weekly Breakout Candidate)Puravankara Projects Limited (CMP: 182.45) has given a multi-year and weekly breakout. The stock has a possible upside of 215, 274, and 332 in the long run. Also, good volume can be seen on the weekly and monthly charts. One can place a stop loss of 158 (W) on a closing basis. 167-170 Can act as a support zone. #Puravankara Projects Limited.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment.
Nasdaq/ US 100 Swing Short Trade Setup- Nasdaq followed the plan lately but it did after breaching its previous high
- The trend looks faded and I personally am aiming for a strong retracement
- Without a strong retracement I don't think except for scalps there is a point longing anything without a strong reasoning.
- If you are holding shorts then make sure you are prepared for a retracement upside and post that you add more size if you feel like.
XAUUSD/ GOLD SHORT TRADE IDEA SETUP- GOLD IS CURRENTLY TRADING AT A WEEKLY SUPPLY
- Before initiating shorts wait for retracement back to 2055-2068
- I think that can be a safe swing short
- Wait for the short base to get matured and then the targets could easily range from 1950-2000
- Avoid trading FOMC and other data days
Arbitrum $10 Potential in Bull Market if Breakout this Resistanc#Arbitrum Hits New All-Time High
LSE:ARB has just reached a new ATH of $1.84, currently trading at the red box resistance.
If it breaks upward, #ARB could experience super bullish growth.
However, if rejected, there may be more dip buying opportunities around $1.30.
In a bull market, we can envision ARB/USDT price reaching $10.
Our long-term outlook remains bullish.
Support: $1.50/$1.30
Resistance: $1.75
Stay tuned for more updates and insights on Arbitrum's performance!
#Crypto #Bitcoin #Bullmarket
USDT Trade Idea - USDT Dominance works inversely with the Crypto Market
- USDT has been following my path and I firmly believe this wave could lead to every alt jump soon.
- The narratives are obviously going to be there playing out in a different way but make sure you follow this closely
- Once you see this approaching it's previous lows try cutting down your size in Alts and crypto so that when USDT bounces you are mostly sitting cash or FIAT.
- This will help you in accumulating more cash