Get started

Tradingview

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.
NSE:NIFTY
by Averoy_Apoorv_Analysis
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!
OANDA:XAUUSDLong
by MrStellanSight
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. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. 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.
NSE:VOLTASLong
by Karanshah137
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. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. 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.
NSE:SARDAENLong
by Karanshah137
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).
BINANCE:BTCUSDShort
by MrStellanSight
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.
NSE:KAMATHOTELLong
by ChartSight
3
Shyam Metalics & Energy Crossing Key Levels.NSE:SHYAMMETL today gave almost a 9% Move Closing above key levels and making new Swing Highs on the back of the News of Business update of Jan Month. JANUARY STAINLESS STEEL SALES VOLUMES UP 59% YOY JANUARY SPONGE IRON SALES VOLUMES UP 1% YOY About: NSE:SHYAMMETL is primarily engaged in manufacturing steel and allied products including pellets, sponge iron, TMT and long products, ferroalloys and power generation. Trade Setup: It could be a Good 1:1 Positional Trade as it made a Good Base near July Month Breakout Levels with RSI and MACD Trending Upwards and Closing Above all Major Moving Averages. Buy on DIps Will be a better approach Target(Take Profit): Around 975 or ATH Levels for Positional Trader Stop Loss: Recent Base Will Act as a Support so keep it as Stop Loss. Swing Trader Can Keep Entry Candle Low as Stop Loss. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. 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.
NSE:SHYAMMETLLong
by Karanshah137
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. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. 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.
NSE:CHENNPETROLong
by Karanshah137
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!
NSE:TCSEducation
by TraderRahulPal
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. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. 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.
NSE:LTIMShort
by Karanshah137
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. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. 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.
NSE:BHARTIARTLLong
by Karanshah137
1
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. If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
NSE:BAJFINANCELong
by TraderRahulPal
2
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!
NSE:EIDPARRYEducation
by TraderRahulPal
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. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. 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.
NSE:REDINGTONLong
by Karanshah137
IEX Bullish Base Formed NSE:IEX today gave a good up move, confirming the recent base as a strong bullish base, recently it posted its monthly volumes in Jan up 16% YoY. About: NSE:IEX provides an automated platform and infrastructure for trading electricity units for the physical delivery of electricity. F&O Activity: Long Buildup in Futures with 180 PE Gaining Significant OI. Trade Setup: Looks like a good 1:1 trade setup with the recent base as a strong support zone, RSI and MACD trending upwards. Target(Take Profit): Around 206 Levels for Swing & Positional Trader. Stop Loss: Entry Candle Low for Swing Trader and Recent Base for Positional Trader. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. 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.
NSE:IEXLong
by Karanshah137
PB Fintech Broke Base, Attempted but failed to go back inNSE:POLICYBZR today confirmed that it broke its base and while retesting it couldn't and faced supply with MACD getting Negative and 50 DSMA trending down. About: PB Fintech Ltd, popularly known as NSE:POLICYBZR is India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products. F&O Activity: Short Buildup in Futures with 1700 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, the MACD is Trending Down along with 50 DSMA. Target(Take Profit): Around 1354 Levels for Positional Trader and 1400 for Swing Trader. Stop Loss: Entry Candle High for Swing Trader and Recent Swing High or 1700 Levels for Positional Trader. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. 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.
NSE:POLICYBZRShort
by Karanshah137
Unlocking Breakouts with the Symmetrical Triangle PatternUnderstanding the Symmetrical Triangle Chart Pattern Hello Traders! Today, we’ll discuss one of the most powerful chart patterns used to predict breakout opportunities — the Symmetrical Triangle . This pattern is a sign of market consolidation, where price is moving within a narrowing range, and a breakout is expected once the price escapes from this converging trend. The Symmetrical Triangle consists of two trendlines: Ascending Trendline : Connecting the rising lows. Descending Trendline : Connecting the falling highs. Key Characteristics of the Symmetrical Triangle Pattern: Consolidation Period : The price moves between the two trendlines, showing decreasing volatility. Breakout : Once the price breaks above the upper trendline (ascending trendline) or below the lower trendline (descending trendline), it signals a strong trend continuation or reversal. Volume Analysis : Volume usually decreases during the consolidation phase, followed by a surge in volume during the breakout, confirming the direction. How to Trade the Symmetrical Triangle? Entry Point : After the breakout occurs (above the ascending trendline or below the descending trendline), enter the trade in the direction of the breakout. Stop Loss : Place a stop loss just below the breakout level to protect your position from false breakouts. Target : The target can be estimated by measuring the height of the triangle from the base and projecting that distance from the breakout point. Example of Symmetrical Triangle in Action In the Godfrey Phillips India chart , we can see a Symmetrical Triangle forming between 2021 and 2023. The price broke out of the pattern in late 2022, giving traders a strong upward momentum. Based on the measured move, the target was met after a clear breakout above the ascending trendline , which resulted in a price rise of 42.37%. Conclusion The Symmetrical Triangle is a reliable continuation pattern that provides great trading opportunities. Make sure to watch for volume confirmation during the breakout, and always use a stop loss to protect yourself from unexpected reversals. Happy Trading! 🚀📈
NSE:GODFRYPHLPEducation
by TraderRahulPal
3
BSE Retesting BO Levels with King CandleNSE:BSE aggressive Short trade as it made a king candle and is close to the previous BO levels and closing below 20 DSMA today. About: NSE:BSE is an Indian Stock Exchange at Dalal Street in Mumbai. The Co. facilitates a market for trading in equity, currencies, debt instruments, derivatives, and mutual funds. F&O Activity: Short Buildup in Futures with 6000 CE Gaining Significant OI. Trade Setup: It looks like a good 1:2 trade setup, with the recent swing high as a strong resistance zone, the RSI is Trending Down and closed below 20 DSMA, If levels are broken Can test 200 DSMA. Target(Take Profit): Around 200 DSMA Levels for Swing & Positional Trader. Stop Loss: Entry Candle Low for Swing Trader and Recent Swing High or 20 DSMA for Positional Trader. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. 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.
NSE:BSEShort
by Karanshah137
4
Oil India Pullback Swing TradeNSE:OIL looking good for Pullback Swing Trade, giving pullback from election day lows and closing above 10 DSMA. About: NSE:OIL is engaged in the exploration, development, and production of crude oil and natural gas, as well as the transportation of crude oil and production of LPG. It also provides various E&P-related services for oil blocks. F&O Activity: Significant Long Buildup With 400 PE OI Addition Significantly. Trade Setup: Looks good for a 1:1.7 Risk-Reward Trade with 10 DSMA Trending Upward, Pullback up to 200 DSMA looks likely, and 10 DSMA and Recent Base are Important Levels. Target(Take Profit): Near 200 DSMA for Swing Trader Stop Loss: Recent Base or Trailing 10 DSMA on Closing Basis for Swing Trader. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. 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.
NSE:OILLong
by Karanshah137
Alkem Broke Swing Low, Downtrend Resumes again, King CandleNSE:ALKEM today made a King Candle broke the swing lows and continued its classical downtrend on the back of below-estimated Q3 Results. Con-Call Updates: 5.2% YoY increase in quarterly net profit and a 1.5% rise in revenue during the quarter, revenue growth was led by domestic business. Profitability improved due to cost-efficient measures undertaken by the company. The supply chain issue in the US continued to improve. The company reiterated its EBITDA margin guidance of ~19% for FY25, despite a sluggish Q4 due to increased spending. Concerns remain due to weak Indian growth and lacklustre U.S. portfolio. About: NSE:ALKEM is engaged in the pharmaceutical business with global operations. The Company is engaged in developing, manufacturing and selling pharmaceutical and nutraceutical products. F&O Activity: Short Buildup in Futures with 5000 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, the RSI and 100 DSMA are Trending Down, and the downtrend continues unless it makes a higher high. Target(Take Profit): Around 4650 Levels for Swing & 4346 for Positional Trader. Stop Loss: Entry Candle Low for Swing Trader and Recent Swing High for Positional Trader. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. 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.
NSE:ALKEMShort
by Karanshah137
Kalyan Pullback Trade ???NSE:KALYANKJIL is looking good for a Pullback from its base with Heavy Volumes. About: NSE:KALYANKJIL designs, manufactures, and sells a range of gold, studded, and other jewellery products at various prices. It is one of the largest jewellery retailers in India. F&O Activity: Significant Long Buildup With 500 CE OI Unwinding Significantly. Trade Setup: Looks good for a 1:1 Risk-Reward Trade with 10 DSMA Trending Upward, Pullback up to 100 DSMA looks likely, and 10 DSMA and Recent Base are Important Levels. Target(Take Profit): Near 100 DSMA for Swing Trader Stop Loss: Recent Base or Trailing 10 DSMA on Closing Basis for Swing Trader. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. 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.
NSE:KALYANKJILLong
by Karanshah137
GBP/JPY Bearish Breakdown – Further Decline Ahead?📉 GBP/JPY Daily Chart Analysis 🔍 Overview: The chart shows GBP/JPY on the 1D timeframe. A bearish outlook is suggested with a projected price decline. The 200 EMA (193.295) is acting as resistance. Current price: 191.906, slightly below the 200 EMA. 📊 Technical Breakdown: Bearish Pattern Formation: Price broke down from a rising wedge (bearish pattern). After a brief retest, it's rejecting the 200 EMA, confirming weakness. Support & Resistance Levels: Resistance: 193.295 (200 EMA). Support zones: 188.000, followed by 184.000. Expected Price Action: The bearish projection suggests further decline towards 188.000 & 184.000. If price reclaims 193.295, it could invalidate the bearish scenario. 🎯 Conclusion: ⚠️ Bearish bias as long as the price stays below the 200 EMA. A drop to 188-184 seems likely unless buyers reclaim key levels. 📌 Watchlist: ✅ Break below 190.000 = Strong sell signal ✅ Reclaim of 193.295 = Bullish invalidation 🚨 Trade cautiously & manage risk! 🚨
Short
by MrStellanSight
1
Gold (XAU/USD) 4H: Bullish with Possible Pullback!!Gold (XAU/USD) 4H Chart Analysis: Bullish Trend with Possible Pullback Key Observations: 1. Price Action & Trend: The price is currently trading around $2,817.685. The trend appears bullish, with a strong upward move. There is a marked internal liquidity (Int. LQ) taken, indicating that liquidity has been absorbed, which could lead to further upside. A market structure break (MB filled) suggests past resistance turned into support. 2. Technical Indicators: Exponential Moving Average (EMA 200, red line) is at $2,709.123, which is significantly below the current price. This suggests that gold is in a strong uptrend. Relative Strength Index (RSI, 14 close) is at 68.56, nearing the overbought zone (70) but still has room for potential upside. 3. Projected Movement: The chart suggests a potential pullback (small consolidation) before further upward movement. Fair volume ranges (marked in red) indicate levels where price may slow down or consolidate before continuation. Price is above key liquidity levels, which may act as support. Conclusion: The trend remains bullish, and the price could continue rising after a minor consolidation. Key levels to watch: Support: Around $2,800 (former liquidity level). Resistance: Next potential target is $2,840 - $2,860. Risk Consideration: RSI is approaching overbought levels, so a short-term correction could occur before another push higher.
OANDA:XAUUSDLong
by MrStellanSight