XAU/USD Holding Above $3,050 – Breakout or Pullback Next?XAU/USD Update 📊
Gold just touched $3,061 and is now hovering around $3,056. Price is holding within the ascending channel, showing signs of consolidation.
🟢 Bullish Scenario: If buyers defend this level, we could see another push toward $3,100+, with $3,153 still in play as a key resistance.
🔴 Bearish Risk: A break below $3,050 - $3,020 could trigger a deeper correction toward $2,980, where stronger demand may step in.
📉 Watching price action closely—let’s see how it reacts from here! 🚀
Tradingview
Sumitomo Chemical - Chart of the MonthNSE:SUMICHEM showed good price action this month, showcasing strength in this market and looking to continue that further, hence qualifying for my Chart of the Month.
About:
NSE:SUMICHEM is one of the leading players in the industry, which has a balanced portfolio of technical and formulation products along with backward integration for some products.
The Company is known for domestic marketing of proprietary products of its Japanese parent, TSE:4005 in agrochemicals, animal nutrition, and environmental health business segments. With the integration of Excel Crop Care Limited, the Company now has a strong portfolio of generics in addition to specialty products and a strong combined marketing network.
Trade Setup:
It crossed major Swing High Levels this Month and is now looking to cross ATH, RSI & MACD Trending Upwards. Buy on DIPS can be done if it consolidates. The Base Formed Will be an Ideal Stop Loss.
Target:
Around 672 Levels can book a partial at the ATH Zones.
Stop Loss:
Entry Candle Low For Swing Traders and Base Marked for Positional Traders.
GALLANTT Breakout Possible with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Rectangular box Pattern in Daily TF.
* From Jul 2024 to Mar 2025 its in range.
* From Jul 2024 to Mar 2025 Tested & Moving Near Resistance Many times.
* It's Break resistance Zone and trying to sustain above Resistance Zone, Only Enter when good volume good closing.
* Volume is Rising (Volume Accumulation).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
HDFC Bank - Swing Trade NSE:HDFCBANK is looking Super Strong on the Daily time frame after forming a perfect base today it broke out and closed significant levels with MACD and RSI Trending Upwards it Can retest its ATH Levels soon.
About:
NSE:HDFCBANK is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024.
As of April 2024, NSE:HDFCBANK has a market capitalization of $145 billion, making it the third-largest company on the Indian stock exchanges. It is India's one of 3 systemically important banks with a 15% market share in the banking sector’s advances and a 37% market share in the private sector banks’ advances as of FY24.
F&O Activity:
Short's Getting Covered in Futures with decreasing OI with 1740 CE OI covering Significantly.
Trade Setup:
Buy on Dips if Possible Near Base Levels or Start with a Few Qty to see the momentum if continues further Sharply or Consolidates.
Target(Take Profit):
Ideally around ATH Levels near 1860 to 1880 Levels
Stop Loss:
Entry Candle Low for Swing Traders and Swing Low Base Formed as Mentioned for Positional and Buy on Dips Traders.
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WHY DO 97% OF TRADERS LOSE MONEY IN THE MARKET?🧠 WHY DO 97% OF TRADERS LOSE MONEY IN THE MARKET?
And what should you truly prepare before you begin?
You’ve probably heard this one before:
“97% of traders lose money.”
Not because they’re not smart.
Not because they lack a good strategy.
But because they enter the market with the wrong mindset and unrealistic expectations.
❌ The market is not a gold mine — not for everyone
Many people step into trading thinking:
“Forex is a money printer. Anyone can just come in and take what they want.”
But here’s the truth:
👉 The market doesn’t hand out profits. It takes money from the unprepared and gives it to the disciplined.
It doesn’t care about your dreams — it only respects your readiness.
💸 You will lose money — and it will sting
Even if you believe your strategy is solid, it will fail at some point.
And when it does, the price you pay is real money — your own money.
And because it’s your hard-earned money, you’ll feel the pain. You’ll get emotional.
You’ll want to get it back. You’ll enter trades impulsively.
And that’s exactly when the market will drag you by the nose.
⚠️ The biggest mistake: thinking a good strategy is enough
Most new traders believe:
“Once I have a working strategy, I’ll be consistently profitable.”
But the truth is:
Every strategy fails sometimes
The market doesn’t follow your logic
A bad entry isn’t what ruins you — refusing to cut the loss is
🧘♂️ So what should you actually prepare before trading?
If you’re about to start trading — or afraid to fail early — make sure to prepare:
✅ A solid foundation of knowledge
✅ A mindset that accepts loss without losing control
✅ The ability to say: “It’s okay to lose a trade — I just need to survive long enough to learn and grow.”
📌 Other people’s strategies won’t make you profitable
Yes, I often share my outlooks, plans, and even potential entry zones.
But always remember:
My view is just a perspective — not a guarantee of success.
Trading is personal.
You’ll only become consistently profitable when:
You trust in a system you’ve practiced yourself
You take trades because you see the logic, not because someone else agrees with you
🔄 Trading is a process: Try – Fail – Learn – Repeat
I’ve lost. I’ve been stubborn. I’ve gotten emotional.
And I learned:
You don’t need to win all the time.
You just need to survive your losses and come back smarter.
A stop-loss isn’t failure.
It’s the most mature decision you can make in a chaotic environment.
🤝 I won’t promise that you’ll make money
The knowledge I share — the views I post —
may not make you rich.
But I believe:
They can help you avoid losing money needlessly.
Don’t believe anyone 100% — not even me.
Take what you learn, test it, and turn it into your own conviction.
That’s how you grow.
❤️ Final thoughts
Trading isn’t a game of prediction — it’s a test of psychology.
You don’t have to be the best trader.
You just need to protect your capital, protect your mindset, and keep showing up.
Wishing you all a peaceful weekend with your loved ones.
Tomorrow, we return to the market — sharper, calmer, and more disciplined.
The market will always be there. The real question is: will you still be here to trade it next month, next year?
— AD | Money Market Flow
XAU/USD 1H – Bullish Continuation from Demand Zone?📊 XAU/USD (Gold) 1H Analysis – Bullish Continuation Setup
🔹 Market Structure: Gold has been in a strong uptrend, with price currently consolidating near a key demand zone.
🔹 Key Levels:
🔴 Resistance: $3,050 - $3,060 (Potential target)
🟣 Demand Zone: $3,030 - $3,035 (Support area)
🟠 Deeper Support: $3,025 (Break below weakens bullish bias)
📈 Potential Trade Setup:
1️⃣ A possible pullback into the demand zone could attract buyers.
2️⃣ Price may wick below liquidity before reversing.
3️⃣ If support holds, we anticipate a move toward $3,050+.
✅ Entry Zone: $3,030 - $3,035
🎯 Target: $3,050 - $3,060
🚨 Stop Loss: Below $3,025
⚠️ Watch for price action confirmation before entering. A strong bullish candle from support could signal entry. Let the market show its hand! 🚀✨
DOMS - ABCD Pattern, Crossing Swing Highs.NSE:DOMS Crossing Swing Highs with Strong Candles With RSI and MACD Trending Upwards and according to ABCD Pattern it's Likely to Cross ATH in Short Term.
About:
Incorporated in 2006, NSE:DOMS is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand, NSE:DOMS is the 2nd largest player in India’s branded 'stationery and art' products market. It held 29% and 30% market share for its core products in FY23 for pencils and mathematical instrument boxes.
Trade Setup:
A Swing Trade Can be Done as per the ABCD Pattern and Bullish Price Action. Keep Position Size as Per Appetite.
Target (Take Profit):
Near ATH Levels of 3115
Stop Loss:
Entry Candle Low for Aggressive Swing Traders and Swing Low in General.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Tata Steel - Swing TradeNSE:TATASTEEL today looked good technically on the back of China announcing that it would restructure its steel industry to cut its total output. The latest move by China is expected to reduce the dumping of cheap steel into the Indian market, which would act as a major positive for domestic steel companies.
About:
NSE:TATASTEEL is Asia's first integrated private steel company set up in 1907. The company has a presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025.
Trade Steup:
It Made Good Short Term Base on Daily Charts and Taking Support of 50 DSMA and MACD Trending Upwards Now Looking Good for a Swing Trade.
F&O Activity:
Long Buildup Seen in Futures With 140 PE Gaining Significant OI Addition.
Target (Take Profit):
Around 158 for Positional Trader and 200 DSMA for Swing Trader
Stop Loss:
Entry Candle Low for Swing Trader and 50 DSMA for Positional Trader.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Triveni Turbine - Chart of the Week NSE:TRITURBINE has a beautiful structure on the Weekly Timeframe to Qualify for my Chart of the Week idea, it saw Decent Volumes around the marked Key Levels which is 0.786% Fib Retracement Levels and also a Rising trendline which has been defending since June 2022 Several Times.
About:
NSE:TRITURBINE primarily manufactures and supplies power-generating equipment and solutions. It was a division of NSE:TRIVENI since the 1970s and was demerged w.e.f from Oct 2010 into a separate entity.
Trade Setup:
Could be a good Positional Trade with the Rising Trendline Being a Major Support along with FIb Levels.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
GSK Pharma - Chart of the MonthNSE:GLAXO has a beautiful structure on the Monthly Timeframe to Qualify for my Chart of the Month idea, it saw Heavy Volumes around the marked Key Levels which broke out and retested went to ATM and Again Retested and Bounced from that Place With Volumes in Last Month.
Also if we Use Fibonacci retracement it bounced from Crucial 0.618 Levels.
About:
NSE:GLAXO researches, manufactures and makes available a broad range of medicines and vaccines that benefit people, It's a Leading Global healthcare company part of GlaxoSmithKline plc (GSK), a British multinational pharmaceutical company headquartered in London.
Trade Setup:
Could be a good Positional Trade with those Key Levels as Major Support and AIM for New ATH.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NIFTY 50 | Critical Levels & Gap-Fill Zones in Play!Nifty 50 continues to react strongly to key levels, but the overall structure still remains in correction mode. Let’s break it down:
White Lines (DTF Trendlines) ⚪:
2 key support lines and 1 counter-trendline (CT).
The DTF CT (near-term resistance) is around 500 points away from CMP, making it the next big test for bulls.
Blue & Yellow Trendlines (WTF & MTF Support) 📉:
A cluster of support created a bounce, but not as strong as past recoveries seen in 2023 or early 2024.
Despite FII selloffs & global stress, technical levels are holding up well!
Gap Zones (Blue Boxes) 📦:
The nearest gap got filled, and the next one sits just below our DTF white CT.
This could act as a magnet for price action in the near term.
Gap Down Fill Candles :
A few gaps got filled in a single session, showing bullish pressure at lower levels.
But, without a higher high - higher low structure or a DTF white CT breakout, the index stays in a corrective phase.
XAU/USD Bullish Outlook: Wyckoff Accumulation & Breakout PotentXAU/USD (Gold) - 2H Chart Analysis 🏆📈
🔹 Wyckoff Structure Insight
The chart shows signs of a Wyckoff Accumulation phase.
UTAD (Upthrust After Distribution) at the previous highs suggests a liquidity grab.
Test of the resistance level before a strong rejection downward.
SOW (Sign of Weakness) was observed, but buyers regained control.
🔹 Key Technical Levels
Fair Value Range marked below, showing a potential area of demand.
Unfilled Imbalance (EMB unfilled) signals an area where price might revisit before continuing upward.
Gap below indicates a previous liquidity sweep before the bullish reversal.
🔹 Trend & Price Action
Current price action is showing higher lows and bullish structure development.
Projected bullish move 📈 is expected to test the $2,940+ region.
🔹 Trading Bias: Bullish ✅
A retracement to the EMA or minor pullback could offer re-entry opportunities.
Invalidation level: Below $2,900, where momentum could shift bearish.
🚀 Gold remains strong; watch for breakouts above $2,940!
Voltas - Reversal Trade after Gap Filling Made a BaseNSE:VOLTAS today confirmed making a base and Sharp Reversal From it after Filling the gap formed on daily charts in April 2024, the MACD has Become Positive and is trending Upwards along with RSI Showing Strength after the CLSA Report on the Indian Summer Season.
It says India's warmest February in 124 years could spur a demand uptick in cooling product categories like air-conditioners, air-coolers, refrigerators and fans
The weather office has warned of further rise in temperature and heatwave days going ahead.
About:
NSE:VOLTAS is engaged in the business of air conditioning, refrigeration, and electro-mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipment and textile industry.
NSE:VOLTAS was created 6 decades ago when Tata Sons joined hands with a Swiss company Volkart Brothers. Voltas is also one of the most reputed engineering solution providers specializing in project management. The company has 5,000+ Customer sites actively managed across India.
F&O Activity:
Shorts in the System Getting Covered with 1400 & 1420 CE OI being Shed.
Trade Setup:
Looks like a good 1:1 Risk - Reward Trade, may find some Resistance Towards 200 DSMA so Swing till there can be played, if sustained and even go further.
Target(Take Profit):
Around 200 DSMA for Swing Trade and around 1700-1706 for Positional Trader.
Stop Loss:
Entry Candle Low for Swing Traders and Swing Low Levels Marked for Positional Traders.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Sarda Energy - Swing TradeNSE:SARDAEN today broke key levels with good levels, it again took support near the base where it is being accumulated and is trading in a Flat Channel which makes this a good swing to the upper edge of the Flat Channel if the Flat Channel is broken it can give a good Swing Up again so keep in watchlist and can buy again at lower level of the channel if retraced.
About:
Incorporated in 1973, NSE:SARDAEN is the flagship company of Sarda Group and is engaged in the production of steel, ferro alloys and power.
Trade Setup:
Good be a Good Typical Flat Channel Trade With RSI and MACD Trending Up with Good Volumes.
Target(Take Profit):
Short Swing towards 525 (ATH) and if Flat Channel is Broken Can Give Further Upswing.
Stop Loss:
Today's Candle Low i.e. 473 or Entry Candle Low if Trade Taken in Retracement.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
BTC/USD Breakdown! Bearish Target: $78K🔍 BTC/USD 30-Minute Chart Analysis
📉 Market Structure:
The chart displays an ABCDE corrective pattern, likely a descending wedge or contracting triangle, which has now broken to the downside.
Price action shows a breakout below the wedge, leading to further bearish momentum.
The 200-period moving average (red line) is acting as resistance, reinforcing the downward trend.
📊 Current Price: ~$83,057
🔻 Bearish Target: $78,049 (marked as the potential support level)
🛑 Key Observations:
Rejection from wave E indicates a lack of bullish strength.
Lower highs and lower lows confirm a continuation of the bearish trend.
Potential retest of ~$85,000 before dropping further.
🚀 Trading Insights:
Bearish Bias: Short opportunities on pullbacks toward resistance.
Bullish Reversal? Look for price action near $78,049—if buyers step in, a potential bounce could occur.
⚠️ Watch out for:
Sudden Bitcoin volatility (news-driven moves).
A fake breakdown (if buyers reclaim above ~$85,000).
KAMATHOTEL |Upcoming Trade set up|Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Range Bound Pattern in Daily TF.
* From Apr 2024 to Mar 2025 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
* Got many DM about not uploading the idea those who want to trade and risk the capital they can take this risky trade. We have held off on publishing ideas on TradingView due to the bearish market trends observed over the past months.
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
CPCL Made RSI Bullish Divergence From a Key Level NSE:CHENNPETRO today made a good upmove with good volumes from previous key breakout levels in Sep 2023 with RSI Bullish Divergence on Daily Charts on Back of TVC:UKOIL going below 70 Dollars.
About:
NSE:CHENNPETRO is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.
Trade Setup:
Could be a good 1:2.7 Risk Reward Trade Can give pullback up to 200 DSMA
Target(Take Profit):
Around 781 Levels or Falling 200 DSMA for Positional Trader.
Stop Loss:
Entry Candle Low for Swing Trader and Marked Levels for Positional Trader.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Understanding Bullish & Bearish Candles FormationHello Traders!
In today’s post, we’ll be discussing the Candlestick Formation setup, which is essential for reading price action and identifying potential trend reversals. Candlestick patterns are a crucial tool for traders to understand market sentiment and predict future price movements. Let’s break down the two most common formations: Bullish Candlestick and Bearish Candlestick .
Bullish Candlestick Formation Setup
What is a Bullish Candlestick?
A bullish candlestick appears when the price closes higher than it opened. This formation suggests that buyers are in control and the price is likely to rise further.
Key Components of the Bullish Candlestick:
Body : The green section between the open price and the closing price . This is the main body of the candle, indicating the price movement during that time period.
Wicks : The thin lines above and below the body of the candle. The upper wick shows the highest price reached during the period, while the lower wick shows the lowest price.
Closing Price : The point at which the price closed for the trading period. A higher closing price indicates strong bullish momentum.
Open Price : The price at which the asset opened at the start of the trading period.
Low & High : The low is the bottom of the lower wick, and the high is the top of the upper wick.
When to Look for Bullish Candlesticks?
A bullish candlestick typically forms at the bottom of a downtrend, indicating a potential reversal or continuation to the upside. It’s a signal that the market is gaining upward momentum.
Bearish Candlestick Formation Setup
What is a Bearish Candlestick?
A bearish candlestick forms when the price closes lower than it opened. This indicates that sellers have control, and the price might continue to fall.
Key Components of the Bearish Candlestick:
Body : The red section between the open price and the closing price , representing downward price movement during the period.
Wicks : Similar to the bullish candlestick, the upper wick shows the highest price during the period, and the lower wick shows the lowest.
Closing Price : The point at which the price closed during the period, showing the downward momentum of the asset.
Open Price : The price at which the asset opened, showing the start of the downward movement.
Low & High : The high is at the top of the upper wick, and the low is at the bottom of the lower wick.
When to Look for Bearish Candlesticks?
A bearish candlestick typically forms at the top of an uptrend, signaling a possible trend reversal or a continuation to the downside. It suggests that selling pressure is building up.
Key Differences: Bullish vs Bearish Candlesticks
Bullish Candlestick:
The close is above the open .
Indicates upward price movement or buying strength.
Appears during a downtrend reversal .
Bearish Candlestick:
The close is below the open .
Signals downward price movement or selling pressure.
Appears during an uptrend reversal .
Trading with Candlestick Formations
Confirm the Trend : Look for candlestick formations at key levels, such as support and resistance, or after a strong uptrend or downtrend.
Use Multiple Candles : Don’t rely on just one candlestick. Look for multiple bullish or bearish candles to confirm the direction.
Combine with Other Indicators : Use candlestick patterns in conjunction with technical indicators like RSI, MACD, or moving averages for stronger confirmation.
Pay Attention to Volume : High volume with a bullish or bearish candlestick gives more weight to the signal.
Conclusion
Candlestick formations are one of the most powerful tools in a trader’s arsenal. By understanding the bullish and bearish setups, you can predict market movements and make informed decisions. Remember, always confirm the pattern with other indicators and never trade based on just one candlestick.
What candlestick patterns do you use in your trading strategy? Let me know in the comments!
LTIM Trendline BD and Retest Fail With King CandleNSE:LTIM today made a Bearish Engulfing or Black Marubozu King Candle, Previously Breaking its trendline and retesting which failed today completely. RSI and MACD are Trending Down.
About:
NSE:LTIM offers a comprehensive range of IT services, including application development, maintenance and outsourcing, enterprise solutions, infrastructure management, testing, digital solutions, and platform-based solutions for clients across various industries.
F&O Activity:
Short Buildup in Futures with 5800 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:1 trade setup, with the recent swing high as a strong resistance zone, and the Trendline is also broken.
Target(Take Profit):
Around 4915 Levels for Swing Trader & Positional Trader
Stop Loss:
Entry Candle High for Swing Trader and Recent Swing High or 5800 Levels for Positional Trader.
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This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Airtel Strong Q3 and Uptrend NSE:BHARTIARTL is showing a good uptrend with good Q3 Numbers.
Revenue growth was driven by strong underlying momentum in India, sustained constant currency growth in Africa, and the consolidation of Indus Tower Limited, effective 19 November 2024. Net profit increased significantly due to an exceptional net fair value gain on Indus Tower and a forex gain due to currency appreciation. Capex for FY25 is expected to be lower than FY24, and that would expand in FY26. Fibre rollout continues to be a key area of focus for the company.
About:
NSE:BHARTIARTL is one of the world’s leading providers of telecommunication services. It is in 18 countries, including India, Sri Lanka, and 14 African countries.
F&O Activity:
Long Buildup in Futures with 1720 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:1 trade setup, with the recent base as a strong support zone, the RSI and MACD trending upwards, and the trendline being respected.
Target(Take Profit):
Around 1720 Levels for Swing & 1842 for Positional Trader.
Stop Loss:
Entry Candle Low or Trendline for Swing Trader and Recent Base for Positional Trader.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Finance Sector Leader on Breakout with Huge Volume--What’s Next?Hey Traders!
Hope you're all doing great! There’s an exciting trading idea setting up with Bajaj Finance , and I couldn’t wait to share it with you. The stock is forming a classic Ascending Triangle Pattern , and based on this setup, we're expecting a nice breakout soon. Let’s break it down.
Technical Analysis: Ascending Triangle Pattern
The Ascending Triangle is a bullish continuation pattern that indicates strong buyer interest and a potential breakout. Bajaj Finance has formed a clear ascending triangle , with a horizontal resistance at the top and an upward-sloping support line at the bottom. The price has been making higher lows, showing that buyers are gradually gaining strength, while sellers are being squeezed at the resistance level.
Bajaj Finance continues to be one of India’s leading financial services companies , delivering consistent growth in revenue and profitability. Here's a quick look at the key financials from the December 2024 , September 2024 , and December 2023 quarters:
Sales :
Dec 2024 : ₹18,035 crore ( YoY Growth: 27% )
Sep 2024 : ₹17,091 crore
Dec 2023 : ₹14,164 crore
EBIDT :
Dec 2024 : ₹12,344 crore ( YoY Growth: 24% )
Sep 2024 : ₹11,753 crore
Dec 2023 : ₹9,934 crore
Net Profit :
Dec 2024 : ₹4,308 crore ( YoY Growth: 17% )
Sep 2024 : ₹4,014 crore
Dec 2023 : ₹3,639 crore
Earnings Per Share (EPS) :
Dec 2024 : ₹68.60 ( YoY Growth: 17% )
Sep 2024 : ₹64.62
Dec 2023 : ₹58.88
These solid figures show Bajaj Finance’s strength and its growth trajectory across key financial metrics.
I feel that fundamentally , Bajaj Finance is strong with 27% YoY sales growth and 17% YoY net profit growth , and technically , the Ascending Triangle Pattern on the chart shows a potential breakout, indicating the stock is ready for a big move in the coming months.
Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
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Mastering the Cup & Handle Pattern for Profitable BreakoutsCup & Handle Chart Pattern – A Powerful Setup for Breakouts
Hey Traders!
I hope you’re all doing great! Today, let's break down the Cup & Handle Chart Pattern —this one’s a gem for those who want to ride uptrends with confidence. If you’re looking to catch strong breakouts, this pattern will definitely help you spot them!
What is the Cup & Handle Pattern?
The Cup & Handle pattern shows up after a nice rally in price, followed by a cool-down phase where the price takes a breather and forms a rounded bottom (the cup). After that, we get a small pullback (the handle), which sets up the price for another breakout in the same direction. It’s like the market catches its breath before jumping higher again.
Key Characteristics of the Cup & Handle Pattern
Cup : The rounded bottom after a price correction. It’s where the market takes its time to consolidate before pushing up again.
Handle : A shallow pullback after the cup, just to catch a little rest before the next move up.
Breakout : The key moment when the price breaks above the neckline (the top of the cup), signaling that the uptrend is ready to continue.
Volume Confirmation : You’ll usually see volume dropping during the cup and handle formation, then a spike in volume when the breakout happens. This confirms the strength of the move.
How to Trade the Cup & Handle Pattern Like a Pro
Entry Point :
The best time to jump in is after the price breaks above the neckline (the top of the cup). For example, in EID Parry India Ltd , the entry point is at 719.20 once the breakout happens.
Stop Loss :
Keep your stop loss just below the handle’s base (around 597.45 ) to protect yourself in case the breakout fails.
Profit Target :
To set your target, measure the distance from the base of the cup to the neckline, then project that distance upwards from the breakout point. In this case, the target would be around 954.50 , which is a 46.15% potential gain.
Real-World Application: EID Parry Case Study
Looking at EID Parry India Ltd , we can see a perfect Cup & Handle setup. After a dip, the stock formed the cup, followed by the handle, and then broke out above the neckline. From here, we can calculate the target based on the cup’s height, which gives us a target of 954.50 .
Conclusion
The Cup & Handle pattern is one of the most reliable continuation setups you can find. Spotting the cup, waiting for the breakout, and using proper risk management can increase your chances of success in trending markets.
Have you traded using the Cup & Handle pattern?
Drop your thoughts in the comments below! Let’s keep learning and growing together as traders!
Redington in Blue Sky With Vol Post Q3NSE:REDINGTON is now in blue sky with Vol. Post Q3. With RSI and MACD Trending Up.
About:
NSE:REDINGTON is a leading IT and mobility product distributor and a supply chain management solutions and support services provider in India, the Middle East, Turkey and Africa.
Trade Setup:
As it's in the blue sky, there is no target just wait for pullbacks and buy on dips keeping the mentioned Supports as Stop Loss.
Target(Take Profit):
Depends on your entry just keep 1:1 at least.
Stop Loss:
Entry Candle Low for Swing Trader and Recent Swing Lows for Positional Trader.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.