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AUD/JPY Bearish Outlook: Potential Breakdown Toward 83.516?1. Chart Pattern: Descending Wedge/Channel The chart shows a clear downward sloping channel, indicating a bearish trend. Price has been making lower highs and lower lows, suggesting selling pressure. 2. Key Levels Resistance: The upper boundary of the descending channel acts as resistance. Support: The lower boundary of the descending channel serves as support. Major Target: The projected price movement (indicated by the arrow) suggests a drop toward 83.516, which appears to be a strong support level. 3. Moving Average (EMA 200) The 200 EMA (94.639) is being tested. If price breaks below the 200 EMA, it could signal further downside. 4. Recent Price Action The price is currently at 95.848, having dropped -1.43% in the latest session. If it fails to hold this zone, a breakdown could accelerate selling pressure. 5. Bearish Breakdown Scenario A break below 95.000 could trigger further selling. If price follows the projected path, a move to 83.516 is possible. Conclusion Bearish bias in the medium term. Watching for a breakdown below 94.639 (200 EMA) for confirmation. If the lower channel support holds, a bounce could occur. Traders should look for confirmation signals before entering a position.
by MrStellanSight
NZD/JPY Bearish Breakdown | More Downside Ahead?📉 NZD/JPY Technical Analysis (Daily Chart) Key Observations: Downtrend Dominance ⬇️: The pair has been in a clear downtrend since mid-2024, with lower highs and lower lows forming consistently. 200 EMA Resistance 🚨: The red 200-day EMA at 90.088 is acting as a major resistance level, reinforcing the bearish outlook. Bearish Breakout Pattern ⚠️: A descending structure is forming, suggesting a continuation of the downtrend. Projected Drop 📉: The black arrow on the chart indicates a potential drop toward 82.00 - 80.00 levels in the coming weeks. Trading Strategy: 🔴 Bearish Bias: Traders might look for short opportunities on lower highs, especially near 87.00 - 88.00 resistance. ✅ Target Zones: 84.00 (first support) and 80.00 (major support). 🚨 Invalidation Level: A break above 90.00 (above 200 EMA) could signal trend reversal. What’s your trade plan? 🎯📊
Short
by MrStellanSight
IRB Double Bottom Swing NSE:IRB confirmed a Double Bottom today with RSI Showing Strength and Excellent Q3 FY 24-25 Resluts out today and now looks likely to give a good swing. F&O Activity: Significant Long Build-up with 55 PE showing a Significant Increase in OI. Trade Setup: Looks like a good double-bottom Formation can give a swing to the previous Double Top and if Crosses 200 DSMA Postionally will look very good Target(Take Profit): Upper Resistance Levels of Double Top for Swing Trader. Positional Trader Aim for 10-15% Upside from Entry. Stop-Loss: Entry Candle Low For Swing Trader and a Red Coloured Double Bottom 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:IRBLong
by Karanshah137
1
SRF Looking Good Post Q3 Results Can Accumulate when retest.NSE:SRF is showing strength with good Q3 Results and Future Outlook. It made a Gap-up post results and since then it has been attempting to break its long-time resistance which it has respected since Oct 2021 and can now break successfully. RSI is getting in the Overbought Zone and MACD is Positive. F&O Activity: Significant Long Build-up with 2700 CE showing a Significant decrease in OI. Trade Setup: Can Accumulate for Positional Trade once it retests to the mentioned different levels, I think it can fill the gap post results day so keep it in the watchlist and keep the last base mentioned as stop loss, for swing traders I think it will challenge it's long time resistance once so a swing is possible. Target(Take Profit): Upper Resistance Levels for Swing Trader. Positional Trader Aim for 10-15% Upside from Entry. Stop-Loss: Entry Candle Low For Swing Trader and a Red Coloured 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:SRFLong
by Karanshah137
BTC/USDT 4H Analysis: Bearish Breakdown or Rebound?📉 Bitcoin (BTC/USDT) 4H Chart Analysis 🔴 Overview: Bitcoin is trading at $101,847 (-0.22%) on the 4-hour timeframe. The price is moving within a descending wedge/pennant pattern. Key EMA (200): Currently at $100,781, acting as dynamic support. 📌 Key Levels & Analysis: Resistance Zone (~$102,000 - $103,000): Price is struggling to break above this level. Support Zone (~$97,500 - $98,500): A key demand zone where buyers may step in. ⚠️ Potential Scenarios: Bearish Breakdown ⬇️ If BTC loses the $100,800 EMA support, a drop towards $98,000-$97,500 is likely. The marked arrow suggests this bearish move. Bullish Rebound ⬆️ If BTC holds above EMA 200 and reclaims $102,000, a breakout towards $104,000-$106,000 could follow. 🧐 Final Thoughts: Short-term trend: Bearish bias unless price reclaims resistance. Watch for a break below $100,800 for further downside. RSI & Volume Confirmation Needed for stronger signals.
Short
by MrStellanSight
Ethereum (ETH/USDT) at Critical Support – Breakout or Breakdown?📉 Ethereum (ETH/USDT) 4H Chart Analysis 🔴 Current Price: $3,220.06 (-0.95%) 📊 Indicators & Patterns: Downtrend Resistance: A descending trendline is acting as resistance. Support Zone: The red highlighted area (~$3,220) is a key support level. 200 EMA: At $3,320, acting as resistance. 🔮 Possible Scenarios 1️⃣ Bullish Case 🚀: If ETH holds the support and breaks the descending trendline ($3,320), it could test higher levels around $3,400 - $3,500. 2️⃣ Bearish Case 📉: A breakdown below the support ($3,220) could trigger a fall towards $3,100 or even $3,000. 🎯 Key Levels to Watch Resistance: $3,320 (EMA 200), $3,400 (Trendline) Support: $3,220 (Zone), $3,100 (Next Major Support) ⏳ Conclusion ETH is at a critical decision point. A bounce could lead to a breakout, but failure to hold could trigger more downside. Watch for a reaction around $3,220! 🚦
by MrStellanSight
2
S&P 500 at Critical Resistance – Breakout or Rejection? Resistance Zone (Highlighted in Red) 🛑 The price is currently testing a strong resistance level near 6,040 - 6,100. Previous attempts to break this zone have failed, making it a key area to watch. Ascending Triangle Pattern 📈 The price is forming higher lows, indicating bullish momentum. If a breakout above 6,100 occurs, it could trigger a strong upward move 🚀. 200 EMA Support (Red Line) 📉 The 200-day EMA is at 5,658.98, providing a long-term support level. If the price pulls back, this could act as a buying opportunity. Possible Scenarios 🔮 ✅ Bullish Breakout: A breakout above 6,100 could send the price toward 6,200+. ❌ Rejection & Pullback: If rejected, a drop to 5,900 or 5,700 (EMA support) is possible. Conclusion: Bulls need a clear breakout to push higher, while bears might take control if the resistance holds. 📊🚦 Keep an eye on volume and confirmation candles for the next move!
VANTAGE:SP500
by MrStellanSight
EUR/CAD Bullish Momentum: Targeting 1.51+ !?📌 Key Observations: 1. Support Rejection ✅: The price has bounced off the support zone (highlighted in red), which was a critical level for a bullish continuation. This level is now acting as a launchpad for further upside. 2. Bullish Momentum 📈: The market structure suggests a strong uptrend, with recent bullish candles breaking through resistance. 3. Next Target 🎯: The green resistance zone at 1.51+ is the main target for buyers. The blue arrow indicates a potential move towards this level. 4. EMA 200 📉 (Red Line @ 1.48721): The price has successfully traded above the 200-day EMA, reinforcing bullish sentiment. 5. RSI (14) at 58.89 📊: The RSI is approaching the 60 level, showing bullish strength, but not yet overbought (above 70), meaning there’s still room for an upward move. 🔎 Potential Scenarios: If the price breaks 1.51, we could see a further push towards new highs. 🚀 If the price rejects from 1.51, a retracement to 1.50 or lower might happen before another attempt upwards. 🔄 🎯 Conclusion: The market is currently bullish, with a high probability of hitting the next resistance zone. Watch for confirmation near 1.51—a breakout could mean further gains, while rejection could signal a pullback.
Long
by MrStellanSight
Tata Cons. Prod. Cup and Handle BO.NSE:TATACONSUM today gave a Cup-and-Handle Breakout, with the RSI and MACD Showing Buy Strength as it crossed Major Levels. Trade Setup: It can be a Good 1:1 RISK-REWARD Trade with the recent base being crucial and the Size of the Cup as the Target on the upside as it usually is for cup & Handle Breakout. Target(Take Profit): 1087 Levels for Swing/Positional Trader. Stop-Loss: Around 926 For Swing Trader and a Recent Base of 880.35 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: This analysis is intended solely for informational and educational purposes 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:TATACONSUMLong
by Karanshah137
USD/CHF Poised for a Bullish Breakout: Path to Parity Bullish Scenario 🚀📈 1. Breakout Above the EMA (200) 🔺: If the price closes above the 200-week EMA (0.9082), it could confirm a long-term bullish trend reversal. A strong push may target key levels like 0.9500 and eventually 1.0000 (parity) 🎯, as shown by the projection arrow. 2. RSI Support 💪: The RSI above 50 indicates that buyers are gaining momentum. If RSI trends toward 70, it signals even stronger bullish momentum ✅📊. 3. Higher Highs and Higher Lows 📶: The chart is forming higher highs and higher lows, a classic signal of an uptrend. This pattern supports a move toward higher price levels 🚀. 🔥 Key Takeaway: A breakout above the EMA could spark a powerful rally, with parity (1.0000) as a major psychological target.
Long
by MrStellanSight
BOI Showing Strength with Vol., Good Q3 and Below BV.NSE:BANKINDIA is showing strength with volumes getting picked since two days after good Q3 Numbers and RBI Liquidity Inject in the System. It is still trading below its book value of 155 Rs. Bank of India posted a good set of numbers as fresh NPA accretion declined on a sequential basis. Margins were partly impacted due to lower margins on international book. Loan growth was healthy during the quarter. Lower credit costs and contained opex helped the bank post a good rise in net profit. F&O Activity: Significant Long Build-up with 105 PUT Showing Significant OI addition. Trade Setup: It can be a Good 1:2 RISK-REWARD Trade with the recent swing low being crucial. The stock closed above 20 DSMA. Target(Take Profit): 115/116 Levels for Swing Trader and 155 for Positional Trader. Stop-Loss: 99/100 For Swing Trader and Recent Base of 89-91 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: This analysis is intended solely for informational and educational purposes 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:BANKINDIALong
by Karanshah137
4
Mphasis Double Bottom Looking good for a Swing/Postional Trade NSE:MPHASIS this week showed excellent price action on the back of decent Q3 Results and Management Commentary of Revenue during the quarter was driven by strong growth in the Banking and the Technology, Media & Telecom segments coupled with healthy revenue ramp-up in new clients despite the current quarter being a seasonally soft quarter. Consolidated revenue was up by 0.7% QoQ while net profit was up by 1.1% during the same period. The management stated that sustainable EBIT margin would be in the range of 14.6%-16%. F&O Activity: Significant Long Build-up with 2900 PUT Showing Significant OI addition. Trade Setup: It can be a Good 1:1 RISK-REWARD Trade with the recent double-bottom base being crucial. After making a double bottom the stock started a pullback with decent volumes. RSI also gaining momentum, indicating a continuation of the recent up move. When should I enter? ideally 50% near 3000 and the remaining 50% near 2950. Target(Take Profit): 3260/3565 Levels for Swing/Positional Trader. Stop-Loss: Entry Candle Low For Swing Trader and Recent Base of 2758/2730 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: This analysis is intended solely for informational and educational purposes 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:MPHASISLong
by Karanshah137
4
BBTC Reversal ? ->> Bounced from a Important Level NSE:BBTC today bounced from an important level which was broken by heavy volume earlier in June 2024 now today exactly it went up with Price and Volumne Action. 100 DSMA will be important to see at the above levels. Trade Setup: It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader, with 10 DSMA and Base Draw will be Important to sustain. Target(Take Profit): 2532.90 will be Levels for Swing Trader. Stop-Loss: Around 1928.55 For Swing Trade and 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: This analysis is intended solely for informational and educational purposes 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:BBTCLong
by Karanshah137
2
Fresh Buy Sinal on Globus Spr. With MACD getting +veNSE:GLOBUSSPR today gains on the drop in rice price for ethanol distilleries with MACD turning Positive and RSI showing Strength, it was from a good base if the given resistance is broken it can provide a good swing. Trade Setup: It can be a Good 1:1 RISK-REWARD Trade, with the recent base being crucial levels on downside. Target(Take Profit): 1115.80 Levels for Positional Trader. Stop-Loss: Around 795.85 For Swing Trade and Recent BO 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: This analysis is intended solely for informational and educational purposes 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:GLOBUSSPR
by Karanshah137
USD/JPY Market Update: Support Holds and Resistance Levels AheadUSD/JPY has held firm at the support level and is now returning to a buy zone. Currently, the market is at 156.500, with the next resistance level set at 159.000. I’ve explained the market clearly in my chart analysis for easier understanding. If anyone has questions, feel free to ask in the comments or send me a message in my inbox. Thank you for your support—like, comment, and follow for more updates!
Long
by MrStellanSight
2
OFSS Stock of the Week.NSE:OFSS is at a perfect level for a Short Downside Swing as per the price action on daily charts. Although the RSI is in an Oversold Zone it may give a dead cat bounce. F&O Activity: 11,000 Looks like a Big Resistance With Major Long's being Covered. Trade Setup: It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader if the Level is Breached. Target(Take Profit): 8866.65 Levels for Swing Trade. Stop-Loss: 11187.65 Levels for Swing Trade. 📌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: This analysis is intended solely for informational and educational purposes 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:OFSSShort
by Karanshah137
Redington Bounced from a Long Term Base With MACD +veNSE:REDINGTON today confirmed a Strong Base Formation after closing above major Levels RSI Showing Bullish Momentum and MACD turned Positive Today With Good Volumes. Trade Setup: It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels. Target(Take Profit): 234.25 Levels for Positional Trader. Stop-Loss: Around 198.58 For Swing Trade 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: This analysis is intended solely for informational and educational purposes 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
Newgen in Blue Sky.NSE:NEWGEN showed a strong upmove today Crossed Key Levels and Hit an all-time high, with RSI bouncing back Sharply again. Trade Setup: It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader. For Postional Trade let it cool down a bit and then try to enter at swing low. Target(Take Profit): 1977 will be Levels for Swing/Positional Trader. Stop-Loss: Around 1534.15 For Swing Trade and 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: This analysis is intended solely for informational and educational purposes 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:NEWGENLong
by Karanshah137
4
Aggressive Short call on WiproNSE:WIPRO Aggressive Short call on Wipro hovering near support zone if broken can give good swing, with MACD Showing Weakness, This is Purely Aggressive Trade and its Results are around the corner. Trade Setup: It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader. Target(Take Profit): Around 262 to 265 Levels for Swing Trade. Stop-Loss: Around 309-313 or When Breaches 20 DSMA For Swing Trade. 📌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: This analysis is intended solely for informational and educational purposes 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:WIPROShort
by Karanshah137
2
Nifty Week AheadNSE:NIFTY is down 11.7% off its High Trading at a PE of 21.4x Trade Setup: It can be a Good 1:1 RISK-REWARD Trade. If the Base S1 is Broken it can further correct to Base S2. NSE:NIFTY is now in a downtrend Making Lower Low and Lower High on Daily Charts so there is a higher Probability. Target(Take Profit): 21700 Levels or 100 WEMA for Positional & Swing Trader. Stop-Loss: Weekly Close above 50 WEMA For Swing Trader and 24700 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: This analysis is intended solely for informational and educational purposes 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:NIFTYShort
by Karanshah137