GOLD TRADING POINT UPDATE > READ THE CAPTAINBuddy'S dear friend 👋
Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding it down trand list time post analysis target 🎯 💯 2665
Ready for new setup confirm trade entry ☺️ 🥂. Update Gold technical analysis update 4TF gold list night 🌃 tasty 🤤 2656 key 🗝️ support 💫 back up trand tast break level 2675 I'm going to trade Short 😀 2666;- 2618 Dxy already strong 🪨 💪 🌟. 110:200 back 🔙
Target 🎯✔️ 2650 2640 2630 2620 2618
Mr SMC Trading point
Support 💫 My hard analysis Setup like And Following 🤝 me that star ✨ game 🎯
Community ideas
Nifty outlook for the yearNifty chart analysis for coming few months :
1. Overall trend still remains bullish but deep pullback now similar to 2021 ( marked in circle ) .
2. Market might come down to next support 22,500 - 22,600 at breakout point of election result day .
3. Weekly chart shows market respecting swing lows since 2020 . Last swing low is 21,200 . As long as market doesn't break swing low , current trend is bullish .
4. Decent price for long term investment and SIPs
Cheers !
Follow for more market insights ! =)
Bitcoin Bybit chart analysis january 14Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Here is the Bitcoin 30-minute chart.
The Nasdaq indicator will be announced at 10:30 shortly.
The purple finger at the bottom left, $91,217,
maintained the position after entering the long position yesterday,
and connected today's strategy.
Also, Bitcoin is currently
in the process of a 12-hour + daily chart MACD golden cross,
but
it is watching the Nasdaq while the candle is overlapping the 12-hour Bollinger Band and the center line of the daily chart.
*One-way long position strategy when the red finger moves
1. $95,811.5 long position entry section / When the purple support line is broken or
When the bottom section is touched, the stop loss price
2. $99,966.5 long position 1st target -> Good -> Great in that order
I marked the 1st section with the purple finger at the top. Because I calculated that there will be an adjustment in Nasdaq,
If Bit touches section 1 first,
The probability of success of today's strategy increases.
Cut the loss in section 1 and operate an autonomous short position.
If the strategy is successful, you can use it as a long position re-entry section after tomorrow.
The orange resistance line at the top and the bottom sky blue support line convergence section are sideways sections.
Also, the current position is in the Bollinger Band 12-hour chart, and the daily chart's center line
The candle is breaking through.
Since it is the second touch, not the first,
I expected an upward trend,
and the reason I set the target price at Top is
It is difficult for one candle to touch the center line -> resistance line at once on the daily chart.
Lastly,
in the case of the current Bitcoin and Tether Dominance,
since the 5-minute chart support line or resistance line was not touched,
I bet on a vertical rise as the Tether Dominance vertically declined
and the Bitcoin 12-hour + daily chart MACD golden cross was imprinted.
The Nasdaq movement will be important today as well.
Up to this point, I ask that you simply use my analysis for reference and use,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
NZDUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
This chart displays the analysis of Indian Telephone Industries Key Observations
Current Price and Trend:
The stock is trading at ₹390, showing a decline of 3.91% for the day.
A pullback is observed from the peak of wave (3), currently consolidating in wave (4).
Elliott Wave Analysis:
The impulse structure indicates that wave (5) is yet to unfold.
Key Fibonacci levels are highlighted:
Wave (5) targets are projected around ₹684.95 (1.0 Fibonacci) and ₹868.95 (1.618 Fibonacci).
Support Levels:
Strong support zones are identified at ₹387.20 (0.537 retracement) and ₹287.
Resistance Levels:
Resistance is noted at ₹406.35, which coincides with the previous breakout level.
Volume Analysis:
Increasing volume during upward moves suggests strong buying interest.
Declining volume during pullbacks is a healthy sign of consolidation.
Buy/Sell Zones:
Historical buy and sell signals are marked, showing the effectiveness of prior price action strategy.
Projected Path:
The chart outlines two potential scenarios for wave (5):
A conservative rally towards ₹684.95.
An extended rally to ₹868.95.
Post Recommendation
Title: ITI Limited Elliott Wave Analysis: Is Wave (5) the Next Big Move?
Content:
Indian Telephone Industries Limited is currently consolidating in wave (4) after a strong rally in wave (3).
The stock has critical support at ₹387.20 and ₹287, which could provide a base for the next upward move.
Projected targets for wave (5) are:
Primary: ₹684.95
Extended: ₹868.95
Traders may look for a breakout above ₹406.35 for confirmation of wave (5)'s onset.
Maintain caution, as a breach below ₹387.20 could invalidate the wave (5) structure.
Volume trends and Fibonacci levels align with the bullish setup.
A strong rally likelyNifty CMP 23214
Fib- the Index as of now has taken the fib support at 23070. In my view this should hold.
RSI- the oscillator is taking the bull support at price support. Hence this is positive.
Elliott- the C wave rally in this counter should happen from here. This should take the Index back to 24800. That zone is also the neckline of the head and shoulders pattern.
Conclusion- Since the C wave rally is the sharpest, this rally should happen very fast. Take this rally as an opportunity to book profits.
Bank Nifty - Is this A Rising Wedge from 47898 As discussed early morning .... 49000 was our key & psychological level ... Index dropped & came close to 48500-48600 zone
Falling From 49000 Level
Support Zone 48500-48600
Makar Sankranti marks the Sun's transition into Capricorn and the beginning of an auspicious period. Historically, equity markets turn optimistic post-Makar Sankranti, driven by cultural sentiment and Budget expectations. Will Budget 2025 keep the trend alive? 🌞
This comes after a 26-day fall in major benchmark indices, which started on 5th Dec 2024.
In the last two days, the index surged from 47,898 to 49,000. However, during the first half of today's session (15th Jan 2025), it fell below 49,000, hitting a low of 48,522 as shown in the snapshots
Nifty intraday key levels for 15.01.25Hi,
* Please mark the levels in your chart and get prepared for Intraday Trading
* These Support and Resistance levels have good accuracy.
R1 23280 / 23310
S1 23100 / 23050
* Inside Bar pattern on 13.01.25. Mother candle range is 290 points.
* A Daily close above 23341 or below 23040, we might see movement of around 300 points
Regards
Bull Man
Idea : Breakout @8.30 From Triangle Idea is breaking out of a triangle pattern.
Buy @ 9.1-9.2 stoploss 8.00 tgt1 11.00, tgt2 13.00 tgt3 16.5, tgt4 19.15, tgt5 22.00 and much higher
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
LICI Needs InsurancePatrons,
Today I came up with NSE:LICI on weekly time frame forming a Bullish shark pattern. At Present, Price crossed B Leg and took and testing the B Leg for resistance. I am expecting price to test 886.15 levels and breaks 818 lower level to reach 663.20 Level which is D Leg. Enthusiasts can look for long at 663.20 levels.
Bitcoin following 2013-2017 ATH Fractal UPDATE
Welcome to the latest update
I have been posting this idea for a long time now and it is still playing out and I am so pleased to see some respected Crypto people now saying the same.
To recap
Bitcoin Fractal anchored at the 2021 Nov ATH - some people do not like to use that ATH as a real one as there are many reason why they consider it a False one...But I use it as most BTC ATH are in End of year months and it was very simply THE ATH of that cycle. It was the highest point.
And as you can see, Current PA has followed it (all be it with a certain tolerance of error)
The 2022 period was hard for BTC as we know and so the PA was driven lower but Still survived.
We can also see how it took some time for confidence to return fully but.. Here we are now, since Q3 2023, following it again Spot on.
And if we are going to continue to do this, we need that -30% Pull back as seen on the Fractel. And we do need it.
Weekly MACD is currently turning Bearish and if we want to get to a new ATH in 2025, that MACD needs to be coming off Neutral at best.
Should PA Avoid that pullback, and Range for 6 months again, it will begin to fall under the fractel. I am not sure if that is OK or not but given that we have been Above it since Jan 2023, It is not something that would give me confidence.
So, for me, I am cautious, waiting / hoping for a Drop that would be swiftly bought back up
BUY THE DIP
But then, there will come a day where we no longer follow that Fractel because, as Fantastic as it would be to follow to the top and Get a $1.3 Million BTC, I do not think it is something we should expect just yet
But then, This IS Bitcoin
Anything can happen
Be safe
Option tradingOptions are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
Bank NiftyBank nifty surprised me today by giving more trending movement compared to nifty. Bank nifty was lacking trending moves once its weekly expiry was reduced to monthly expiry. 😢
Coming back to the analysis, price is moving within a channel today. Price is testing the lower trend line of the upward channel and sustaining current level is important to be bullish.
Buy above 48740 with the stop loss of 48660 for the targets 48820, 48900, 48980, 49100, 49180 and 49360. Sell below 48560 with the stop loss of 48640 for the targets 48480, 48400, 48300, 48220 and 48100.
Do your own analysis before taking any trade.
Gold trading strategy for today !Currently, XAU/USD is fluctuating between the resistance zone at 2,677-2,697 and the support level at 2,660. This reflects a range-bound market, where the price lacks a clear directional trend and reacts strongly at support and resistance levels. Below is a specific strategy for trading under these conditions:
1. Sell Strategy at the Resistance Zone:
Rationale: The resistance zone at 2,677-2,697 is a level where sellers could gain strength and push the price down toward the support level. The red arrows on the chart indicate a potential reversal upon reaching this zone.
Strategy:
Sell Entry: Open a sell position within the 2,675-2,677 range after confirming a bearish reversal signal, such as a double top formation.
Stop-Loss: Place the stop-loss above 2,682 to protect against unexpected breakouts.
Take-Profit: Target the support level at 2,660, with the option to take partial profits if the price drops sharply.
2. Buy Strategy at the Support Zone:
Rationale: The support zone at 2,660 represents a potential area for strong price recovery, making it a favorable buying opportunity. The green arrows on the chart highlight the expectation of a rebound from this level.
Strategy:
Buy Entry: Open a buy position near 2,660 after observing bullish reversal signals, such as a strong bullish candle, hammer, or engulfing pattern.
Stop-Loss: Place the stop-loss below 2,655 to protect against a breakdown of the support level.
Take-Profit: Aim for the resistance level at 2,697, or anticipate a breakout for higher targets.
3. Breakout Strategy:
If the price breaks out of the current range, adjust the strategy as follows:
Breakout Above Resistance (2,677): Wait for confirmation of a breakout, then enter a buy position targeting higher levels, such as 2,720-2,730, while keeping it below 2,750.
Breakout Below Support (2,660): Wait for confirmation of a breakdown, then enter a sell position targeting lower levels, such as 2,640-2,630.
Trading Notes:
Always wait for confirmation signals before entering trades, especially near critical support and resistance zones.
Practice effective risk management, limiting risk to 1-2% of your account balance per trade.
Stay updated on fundamental factors, such as economic news, inflation data, or statements from the U.S. Federal Reserve (FED), as these can significantly influence gold prices.
This approach provides a balanced strategy for both range trading and breakout scenarios, helping to maximize opportunities while managing risks effectively.
HCLTECH and the 1.618 Fib Extension reversalThe last time (2022), when the price broke out of the 1377 range, it exactly hit the 1.618% extension at 1697 and reversed to 1250-1350 levels.
This time also, it is showing reversal/topping out signs again at the 1.618% fib extension of the 1697 breakout. Also, the Rounding bottom pattern target is done on the upside.
Will it go down to 1600 levels this time? Wil the history repeat again?
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Sensex - Jan 14 expiry day analysisWe had a nice down trend today. May be it will lead to range movement tomorrow. Anyhow let us plan the trade.
Range move is possible in the zone 76200 to 76400. Price have to sustain above 76500 to be bullish. Buy above 76540 with the stop loss of 76420 for the targets 76640, 76740, 76860, 76980 and 77120. Sell below 76260 with the stop loss of 76360 for the targets 76160, 76040, 75920, 75800, 75680, 75540 and 75400.
Do your own analysis before taking any trade.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in GOLDIAM
BUY TODAY SELL TOMORROW for 5%