ETHUSD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD DUEETHUSD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Trend Analysis
NIFTY Intraday Trade Setup For 2 Dec 2024NIFTY Intraday Trade Setup For 2 Dec 2024
Bullish-Above 24190
Invalid-Below 24140
T- 24415
Sell-Below 24060
Invalid-Above 24110
T- 23850
NIFTY has closed on a bullish note with 1% gain last week. It filled the gap created on 25 Nov then recovered and formed a Pinbar candle in weekly charts. 24400 is last swing high in daily TF. Breakout will initiate a bullish reversal move. 50 EMA is also placed at swing high, breakout will turn sentiment bullish. 24190 and 24060 are intraday levels for next session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24190 then we will long for the target of 24415.
For selling we need 15 Min candle close below 24060. T- 23850.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
USDJPY: Approaching Key Support at 150.000USDJPY is trading around 150.038, testing the critical support level at 150.000 after a sharp decline. The EMA 34 (152.215) and EMA 89 (150.899) act as strong resistance, limiting recovery momentum. If this support level is breached, the price may continue to drop toward the 148.000 zone, a significant previous low.
Conversely, if the 150.000 level holds and the pair breaks above the EMA 34, USDJPY could target the 152.000 resistance level. News of the ceasefire in the Middle East has reduced safe-haven demand, putting pressure on the Japanese Yen, while the US Dollar remains strong due to high US Treasury yields. Traders should closely monitor these levels to adjust their strategies accordingly.
ETHUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDETHUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Market Using Elliott Wave Theory, Fibonacci RetracementsMarket Using Elliott Wave Theory, Fibonacci Retracements
This analysis focuses on key resistance and potential support levels to better understand possible market movements.
Key Analysis Points
1. Elliott Wave Count:
The uptrend has been completed with the impulse waves (1–5), followed by an ABC correction structure.
Currently, the market is in the B-wave of the correction, where Fibonacci levels could act as key resistance points.
2. Fibonacci Levels:
78.6% at 2,733.330: A strong potential reversal point.
71.0% at 2,713.844: Another critical resistance zone.
61.8% at 2,690.256: Observed as a major resistance level.
50.0% at 2,660.002: Another significant level within the daily order block.
Support Levels:
38.2% at 2,629.748: The first potential support in the downtrend.
23.6% at 2,592.315: A deeper support region.
0% at 2,531.807: The target for the C-wave.
-27.0% at 2,462.582: The final target in case of a full correction.
3. Order Block Analysis:
Daily Order Block: Located around the Fibonacci levels (61.8% - 50%), it could trigger short-term rejections.
Weekly Order Block + FVG: This zone (2,531.807) could serve as the C-wave target and offers strong long-term support.
4. Expected Price Movement:
Once the B-wave completes, a continuation of the downtrend is anticipated, leading to the C-wave.
Potential Final Target: 2,462.582 (-27%).
Conclusion:
The market structure suggests a possible reversal within the daily order block area, followed by a potential drop toward the weekly order block and deeper Fibonacci levels. Traders should closely monitor reactions at the marked resistance levels to identify trading opportunities.
XRP/USDT 366% up from our Entry so Book profit ?XRP Up 366% 🚀
I told you to buy at $0.40-$0.50 and ignore the negative news and drama (thanks, Gary Gensler). Hope you held strong because now you're in huge profits.
❤️ $2 is just around the corner.
What’s Next?
▪️ I’m expecting $3-$5 in this bull run for XRP.
▪️ Don’t repeat last bull run’s mistake: Holding blindly and not selling when it’s time.
My Suggestion:
▪️ Take out your initial investment and hold the rest as profit.
▪️ While $10 is possible, it’s unlikely this bull market.
Smart moves can turn this into a big win.
Of corse NFA & DYOR
XAUUSD: 2663 is the swing level, will it rise or fall?Yesterday we sold near 2650, and the gold price fell again, reaching a minimum of 2635, with a profit margin of 15$. Recently, we have made good profits for three consecutive short sales. If you follow, you should have made a lot of money. Congratulations.
Today, the gold price rebounded again in the Asian session, and the current price is around 2663.
From the chart, we can see that 2663 was the previous support level, which has now turned into a resistance level. And this is the 0.5 resistance level of the Fibonacci retracement of the 2721-2605 downtrend, so the resistance here will be relatively strong.
Therefore, we can decide today based on the situation. If the resistance near 2663 cannot be broken, we can short here again.
On the contrary, if it breaks through 2663, the short trend will no longer exist, and we can look for opportunities to go long.
Adani Green Taking Support at Demand Zone with VolumesNSE:ADANIGREEN Adani Green is Taking Support at the Demand Zone with Good Volumes. Although it is a very volatile counter and there is news of corruption, so DYOR is before trade.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📌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.
ready for targets TAJ GVK HOTELSAs of 30th Sep, 2024, the promoter held 74.99% of the stake in Taj GVK Hotels shares, out of which 0.0% was pledged. On the same date, foreign institutional investors' (FII) holdings of Taj GVK Hotels stocks was 0.76% as compared to 0.82% in Jun 2024 with decrease of 0.06%. The domestic institutional investors (DII) holdings on 30th Sep, 2024 was 1.44% as compared to 2.69% in Jun 2024 with decrease of 1.25%. Out of the total DII holdings in Taj GVK Hotels shares 1.32% was held by mutual funds. The rest including public held is 22.81%. Taj GVK Hotels stock price is reflected on both the exchanges - BSE and NSE.
Reliance - End of correction at 1250?Reliance: CMP 1250
The 5 wave impulse from March 2023 lows at 990 level got ended at 1610 levels and price was falling since then.
Price has achieved the extended target of 1.68% at 1249 and halted. Also retraced the entire move by 50%
Price is also at the confluence zone of previous resistance. If the price action supports, Price should start a fresh impulse from here, with invalidation of 1220 on DCB
PREMIERENE - Cash Pick PREMIERENE - Premier Energies Ltd
TF: 75 Minutes
Recently listed, not much data/candles; hence, the analysis could be premature/too early to decide/confirm.
But the chart pattern is too good to miss.
Friday's last hour candle had a good volume
Price has broken the falling trendline from the top.. Awaiting breakout above 1270 for further confirmation.
Whether you call it Range Breakout OR Waves 1500-1650 (25-30%) looks very much possible in the short term.
Given the nature of the business, and the focus/interest on Renewable energy theme across the board, this could be a long term investment pick too.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
EURUSD Bullish BreakdownThis chart displays the 4-hour timeframe for the EUR/USD currency pair. The analysis focuses on potential bullish momentum and key zones to watch. Key elements include:
1. **Support Zone (Blue):** The lower highlighted blue area represents a strong demand zone around the 1.0450–1.0500 range, where buyers have shown interest.
2. **Resistance Zone (Red):** The upper highlighted red area near 1.0780–1.0850 represents a supply zone that could act as a target for a bullish move or a reversal point.
3. **Mid-Level Resistance (Purple):** The purple zone around 1.0600–1.0650 indicates intermediate resistance where consolidation or pullbacks could occur.
4. **Bullish Scenario:** The chart outlines a potential path for the price to move upward, breaking the purple resistance zone before heading toward the red supply zone.
The projection suggests watching for a breakout of intermediate resistance or potential support retests for confirmation of continued bullish momentum.
RUNE/USDT: A Bullish Breakout or a Fake Move?Yello, Paradisers! RUNE/USDT is showing significant signs of strength, with a bullish Change of Character (CHoCH) and a Break of Structure (BOS). Adding to the optimism, the formation of an Inverse Head and Shoulders pattern paired with bullish divergence increases the probability of an upward move. However, key levels and confirmations are critical to validating this potential bullish scenario.
💎If RUNE/USDT successfully breaks above the resistance zone and closes a candle above it, the pattern will be validated. This would strengthen the bullish narrative and increase the likelihood of further upward momentum.
💎In the event of a pullback, we can expect a bounce from the bullish Order Block (OB) zone. For added confirmation, observing an internal CHoCH (I-CHoCH) on lower timeframes will help increase the probability of a sustained bullish move.
💎Should the price break below the bullish OB zone and close a candle beneath it, the bullish idea would be invalidated. This breakdown would signal a shift in market sentiment, requiring traders to adjust their strategies accordingly.
Paradisers, remember the importance of discipline and patience in these moments. Always wait for confirmations before executing trades, and maintain strict risk management. Consistency is the cornerstone of long-term profitability in this market. Stay smart, focused, and strategic.
MyCryptoParadise
iFeel the success🌴
LEARN THE ART OF READING NEWSHow to Read News with the Stock Market: A Trader’s Playbook
For traders, the stock market is a battlefield where news can make or break your strategy. Headlines can send prices soaring or crashing in an instant. The key to trading successfully lies in not just knowing the news but understanding how to act on it. Here’s a playbook designed specifically for traders on how to read and use news to your advantage.
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Why News is Crucial for Traders
News is the fuel that drives market sentiment, and market sentiment drives price action. Whether you're a scalper, day trader, or swing trader, understanding news is vital because:
- It Creates Volatility: News events like earnings, policy changes, or geopolitical tensions can lead to sharp price movements.
- It Shapes Trends: Long-term economic updates or sector-specific developments influence trends.
- It Signals Market Sentiment: Positive or negative news often reflects the collective emotion of the market, creating opportunities for traders who can read between the lines.
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Types of News That Matter to Traders
1. Market-Wide News:
- Economic Indicators: Interest rates, GDP growth, unemployment, and inflation reports set the tone for the broader market.
- Central Bank Policies: Announcements by the Federal Reserve, ECB, or RBI heavily impact currencies, indices, and commodities.
2. Stock-Specific News:
- Earnings Reports: Surprises in revenue or profits can send a stock flying or tanking.
- Corporate Actions: Mergers, acquisitions, stock splits, or dividend announcements create price spikes.
3. Sector-Specific News:
- Policy Changes: Subsidies, taxes, or bans on products can drive or hinder entire industries.
- Innovations: A new breakthrough in AI, EVs, or renewable energy can lift related stocks.
4. Global and Political News:
- Geopolitical tensions, trade agreements, or natural disasters often create ripple effects across global markets.
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How to Analyze News as a Trader
1. Focus on the Impactful Headlines:
Not all news moves the market. Prioritize:
- Breaking News: Events causing immediate reactions, like earnings beats or major geopolitical developments.
- Market Expectations: Compare news against what the market was pricing in. For example, if inflation is slightly lower than expected, markets might rally.
2. Check the Source:
- Stick to reliable platforms like Bloomberg,Business Standard,Economic Times, or TradingView’s News tab itself.
- Avoid relying on social media unless the source is credible and verified especially whatsapp and instagram.
3. Correlate News with Market Behavior:
- Sentiment Check: Is the market reacting logically, or is there panic or euphoria?
- Volume Analysis: High trading volume after news confirms market interest and direction.
- Price Action: Analyze how news aligns with support/resistance levels, trendlines, or candlestick patterns.
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Trading Strategies Around News (A LOT OF MOVING PARTS ARE THERE)
1. Pre-News Planning:
- Economic Calendars: Use tools like TradingView’s economic calendar to track key events and avoid getting caught off guard.
- Set Alerts: Get notified when price approaches critical levels before major news.
2. During the News:
- Stay Calm: Markets can be irrational immediately after news drops. Wait for confirmation before entering a trade.
- Avoid Overtrading: Resist the urge to chase big moves without a solid plan.
3. Post-News Opportunities:
- Reactions vs. Overreactions: Markets often overreact to news. Look for retracement opportunities if a move seems exaggerated.
- Trend Continuation: If news aligns with the broader trend, it could strengthen the momentum.
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Common News Events and How to Trade Them
1. Earnings Reports:
- Watch for surprises. Positive earnings with high guidance often result in gap-ups.
- Strategy: Enter on pullbacks after the initial spike, using volume as confirmation.
2. Interest Rate Decisions:
- Rate hikes typically hurt growth stocks but benefit financials.
- Strategy: Use news to trade sector ETFs or indices.
3. Mergers and Acquisitions:
- Acquired companies usually rise, while acquiring companies might drop.
- Strategy: Go long on the target company and monitor the acquiring company for overreaction.
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Tools and Platforms for News Analysis
1. TradingView:
- Use the News Tab for curated, real-time news.
- Economic Calendar: Plan trades around key economic releases.
2. News Aggregators:
- Platforms like Bloomberg Terminal, Reuters, and Investing.com,ET, Business Standard offer reliable and fast news feeds.
3. Social Media:
- Twitter can provide breaking news but should always be verified against credible sources.
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Mistakes to Avoid
1. Reacting Without a Plan:
- Emotional trading leads to losses. Always follow your strategy and risk management rules.
2. Ignoring Risk Management:
- High volatility during news events can lead to slippage and unexpected losses. Use tight stop-loss orders.
3. Relying Solely on News:
- Combine news with technical indicators and price action for well-rounded decisions.
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Case Study: Trading Post-News
Scenario:
- The Federal Reserve/ RBI announces a rate hike, higher than expected.
- Market Reaction: The S&P 500 / NIFTY 50 drops sharply, while bank stocks rally.
- Your Move:
- Check technical charts for breakdowns or breakouts.
- Trade financial sector ETFs or short overbought indices.
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Conclusion
For traders, news isn’t just information—it’s an opportunity. By learning to analyze news effectively, filtering out noise, and correlating it with technical analysis, you can make better trading decisions. The goal is not to predict the news but to react to how the market interprets it. Stay disciplined, stay informed, and trade with confidence.
Follow me for more such content ahead.Till then
HAPPY TRADING !!!
REC OUTLOOKRec is on Trendline ,Target in the coming days will be 540 & 550 &555
Targets: Greenline
T1: 540
T2: 550
T3: 555
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks
GSFC- TRENDLINE BREAKOUT PENDINGThe Rounding bottom breakout target is achieved at 250. AFter that it gave a false breakout and starting falling down. within the bigger parallel channel, a smaller parallel channel is going on. whenever the price touches the bottom of smaller parallel channel, the price went up immediately as u can see in the circled area. now the recent upmove is again because of the price touching the parallel channel bottom only. the breakout is not done yet, after breakout, the price will reach to the resistance at 250 and then it will retrace to the trendline breakout which will also be the parallel channel bottom and then a good upmove will be created to break the resistance of 250 and then to the target of 315 and. inbetween the bigger parallel channel top is there which will act as a restistance. so the targets may get delayed.
XAUUSD - Lat Month of Q4, 2024 Market has entered a Discount PD array and has shown a good Bullish Displacement.
Expecting the price to rally from the current area or it will move into the OTE Level , into the iFVG.
"DECEMBER 10"
Note the date !!
W.R.T the Treasury Note and Bond analysis , expecting a good bullish move in the coming weeks.
HAL up for Swing tradeHindustan Aeronaut Limited: CMP : 4476.85; RSI: 59.24
HAL has completed Intermediate wave-4 correction , and bottomed out at 200 DEMA, motive wave-5 may take the HAL price to 5500-5600 levels, making it a good candidate to accumulate for a swing trade.
Swing Trade Target 1 : 5500-5600
Next Resistance HAL: 4562-4704-4934
Stop-loss: 4100;
✅ For more trading ideas like this, please like, share, and follow my Idea Stream ✅
6 years breakout in SIYARAM SILK6 years big breakout possible in SIYARAM SILKMILLS, yearly+monthly+weekly+daily multiple timeframe breakout will happen at once . keep funds ready.
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Siyaram Silk, major competitors and peers include Alok Industries, Donear Ind, Orbit Exports and Manomay Tex India. As of Jun 2024, the dividend yield of Siyaram Silk stands at 1.43% while Alok Industries, Donear Ind, Orbit Exports and Manomay Tex India stand at 0.0%, 0.17%, 0.0% and 0.0% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 18.1 and 3.07 respectively.
G R Infraprojects - Rounding Bottom and Dow TheoryA beautiful rounding bottom pattern.
The chart is making Higher High and Higher Lows.
When the macro-economic factors are negative, it is best to stick with proven patterns to increase the probability of a successful trade.
Infra space in India is a no brainer. Stoploss is pretty close so that once the trade is triggered on daily closing basis the risk reward ratio stays healthy.