Trend Analysis
HAL - TRENDLINE RESISTANCEHAL is making a Trendline Resistance Pattern at 30min chart, going down while making Lower highs, 4440 area is working as a support zone for it.
It may go down towards 4470-30 and reverse. One may buy when it breaks the blue color trendline. Hammer candle formation at support area will be good.
For learning and educational purposes only.
FINOLEX INDUSTRIES by KRS Charts18th October 2024 / 11:45 AM
Why FINPIPE ❓
1. All over Uptrend Stock since listed.
2. Recent bottom with Cup & Handle Pattern Breakout and Retest with Strong Green Candles with Strong Volume 👍
3. 283 Rs nearest Good Support
4. Better Entry zone marked as we can see in the Chart.
Target - 400 + Rs
SL - 260 Rs Closing Basis
SIRCA PAINTSRange of Wall coating, Wood Coating, Metals, and Glass Coating products. Its offerings under various brands include:
Sirca: Luxury Italian Wood Coatings, High-end Wall Paints.
Unico: Mass -market Wood Coating products.
Oikos: High-end Decorative, Solid Colour Finishes and Texture Coatings.
DuranteVivan: Adhesives Product Portfolio.
Co. is in the top 3 premium category wood coatings brand in India and Market leader in premium wood coatings in North India. Sirca is the Exclusive licensee for product sales to Nepal, Bangladesh & Sri Lanka
NIFTY Yearly Levels 2024 ReviewI calculated the yearly Levels for 2024 and published the same in JAN 2024.
Buy Above 22373.07
Buy Targets 23431.82 24484.79 25335.82 26186.86 27398.50 28134.14 30643.96 33399.00
Sell Below 21086.43
Sell Targets 20027.68 18974.71 18123.68 17272.64 16061.00 15325.36 12815.54 10060.50
The Response to the levels is as below
You can see the actionable trades as well for the Long term with a Hedge we can carry such positions
JAN to JUNE 6 Months
JULY to OCT 4 Months
GBPUSD BUY!!!!!!!I looking to buy for Monday and this week also.
Why? Go to weekly timeframe then check the price rejection by your own
Today price look bullish so I am going to trade
Don't scold me if it is wrong, pledge yourself to probability is only way to succeed in trading.
Learn and then trade by yourself.
Xauusd SMC Levels 28-10-2024I have marked levels based on SMC for 28-10-2024
Above red line marked in chart look only for buy trades on lower time frame and below red line look for only sell trades on lower time frame.
Key order flow can act as a strong reversal zone.
blue or pink lines are weak support and resistances.
Thanks
Cheers!!
LAURUS LAB By KRS ChartsDate: 21st Aug 2024
Time: 9:32 AM
Why Laurus Lab?
1. Correction Wave was finished with 5th wave low in Mar 2023, after that it gradually moving up and made upside channeling.
2. Currently price is sustaining above 100 EMA and likely to reversed from that too. 🤞
3. why I'm keen to post L Lab is because along with both above points its likely to close and try to be making Morning Star at bottom in 1W TF.
Lauras Lab is at better price at this level with Future Targets of 525 and 605.
SL would be flexible Weekly Closing Below 100EMA
Once Morning Star Closing will confirm at end of this week this trade will Activated 🎇
USD/JPY Analysis: Sell Opportunity Near Daily ResistanceThe USD/JPY pair is approaching a strong resistance level around 154.00 on the Daily timeframe. This zone has historically served as a key barrier, with price often facing selling pressure upon reaching this level. A potential sell setup may present itself if a bearish reversal pattern forms.
Key Technical Insights:
Daily Resistance at 154.00: This level has acted as a major resistance in the past, limiting the pair's upward momentum. Price nearing this zone increases the chances of a pullback or reversal if sellers re-enter the market.
Look for Bearish Reversal Patterns: To confirm a potential entry, watch for a bearish candlestick pattern on lower timeframes (such as H4 or H1), like a bearish engulfing or pin bar. These patterns would indicate strong selling interest and provide a safer entry point.
Trade Plan:
Entry: Consider a sell entry on confirmation of a bearish pattern at or near 154.00.
Stop Loss: Place a stop above 154.50 to protect against potential breakouts.
Take Profit: Initial target at 150.00, with the potential to extend lower if bearish momentum sustains.
The resistance at 154.00, coupled with potential bearish patterns, offers a favorable setup for a short trade on USD/JPY.
FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY SAXO:USDJPY FX_IDC:USDJPY
The Breakout Retest Play: 5 Stocks to Consider1. Infosys NSE:INFY
● The stock has formed a Rounding Bottom pattern, and after the breakout, it rose significantly, reaching an all-time high near 1,990.
● Currently, the stock is trading slightly above the breakout level following a minor pullback.
➖ Best buy level: 1790 - 1830
2. ITC NSE:ITC
● The stock encountered resistance between the 470 and 480 levels multiple times.
● After breaking through this range, the price surged to an all-time high of 528.
● The price then faced rejection at this peak and has since retreated to the breakout level, where it is now rising again.
➖ Best buy level: 470 - 480
3. Lupin NSE:LUPIN
● The stock achieved a breakout after nearly nine years in August 2024.
● Following an initial upward movement, the stock price pulled back for a retest and is now trending upward once more.
➖ Best buy level: 2000 - 2050
4. Birlasoft NSE:BSOFT
● After breaking out of the Rounding Bottom pattern, the stock price surged to an all-time high of 856 before declining.
●The stock is currently trading at the breakout level, which appears to be a strong support.
➖ Best buy level: 550-560
5. Emami NSE:EMAMILTD
● After a prolonged consolidation, the stock developed an Inverted Head & Shoulder pattern.
● Following the breakout, the price surged to an all-time high of 860 but faced strong rejection from that level.
● The stock is now approaching a retest of the previous breakout level.
➖ Best buy level: 595 - 600
EU: Double-Bottom Formation at Key Support ZoneThe EUR/USD is currently testing a critical support zone around 1.0800 on the Daily timeframe, where price action shows potential for a bullish setup. The pair has formed a double-bottom pattern, with the second low forming at this same support level, indicating that selling pressure is weakening and buyer interest may soon increase.
Technical Insights:
Daily Support Zone and Double Bottom: Price has created a double-bottom pattern at the 1.0800 level, reinforcing the significance of this support. This pattern is a classic reversal signal, often signaling a potential trend change, especially when occurring at a major support zone.
Confirmation with Bullish Reversal Pattern: For confirmation, look for a bullish reversal candle pattern on lower timeframes (such as H4 or H1) at this support level, like a bullish engulfing or pin bar, which would signal a potential upward move.
Trade Plan:
Entry: Consider entering a buy position if a strong bullish candle pattern forms around 1.0800.
Stop Loss: Place below the recent low of 1.0750 to protect against further downside.
Target: Initial target at 1.0900, with the potential to extend higher if the bullish momentum sustains.
The double-bottom pattern, combined with the strong support zone, provides a solid basis for a potential buy opportunity, emphasizing the importance of waiting for confirmation before entry.
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD FX_IDC:EURUSD
Wipro: Ready for Liftoff or Just Stretching Its Wings?🚀 Wipro: Ready for Liftoff or Just Stretching Its Wings? 🦅
#wipro
Wipro is currently chilling at 555-557, but it’s got that look in its eye like it’s ready to spread its wings and soar to new heights. With 581, 610, 652, and even a moonshot to 672 on the horizon, this stock is acting like it’s seen the flight schedule and wants a one-way ticket up! 📈
It’s like Wipro woke up and said, “Why hang around in the 500s when I can join the cool kids at 610 and 652?” It’s aiming for those higher altitudes like an eagle with a fresh cup of coffee — and maybe a little too much enthusiasm! ☕🦅
For those who believe in the power of positive thinking (and some healthy chart reading), keep your binoculars ready — 672 could just be a glimpse away.
Sure, the climb might be steep, but if WIPRO, feeling this motivated, who are we to hold it back? Just make sure you’ve got your stop losses and parachutes handy, in case this eagle decides to take a detour. 🪂
So, here’s to Wipro’s climb! Let’s see if it reaches for the stars or just enjoys the view at 581 for a bit. Either way, it’s going to be a fun ride! 🚀
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Silver’s breaking out of a multi-year consolidation?Silver’s breaking out of a multi-year consolidation? Sure, the charts are giving you that breakout signal—a classic rounding bottom pattern. It’s a textbook setup. But I’m telling you right now, don’t get pulled into the hype.
Silver isn’t your safe haven; that’s Gold’s job. When the world’s a mess, people don’t run to Silver. They run to Gold. Silver thrives when the global economy is expanding, when there’s industrial demand driving it. But let me remind you where we are: recession fears, global instability, geopolitical tensions. None of that screams “strong economy” to me.
You’re not betting on Silver breaking out of a chart pattern—you’re betting on a world that’s heading into turbulence. And the world today isn’t sending the message that industrial demand for Silver is going to boom anytime soon. So, unless you think we’re suddenly going to shake off all this uncertainty, you’re just gambling on hope.
Right now? The market doesn’t justify Silver. Gold is your shield when the storm hits. Silver? Not so much.
Nifty 50 Reached Two Targets, (1,786 points / 6.9% )Nifty 50 Reached Two Targets after Breakout below the Trendline. This two Targets are simply Two Support levels. Refer to this below image, before Reach the Target.
First Target : s3.tradingview.com
Second Target :
I Want to Help People Make Profit all over the World.
M&MThese are compelling reasons to consider a long position on M&M:
* Daily Support Level: When a stock holds at a daily support level, it often signals a buying opportunity as it tends to attract buyers, limiting downside risk.
* Above 200-Day Moving Average: This is a strong indicator of an uptrend. Trading above the 200-day moving average often suggests positive sentiment and longer-term bullishness.
* Relative Strength Against Nifty: Outperforming the broader market, such as Nifty, shows investor confidence in M&M compared to other sectors, suggesting resilience and potential for further upside.
* Nifty Auto on Support: Support in the Nifty Auto index can help support M&M’s price movement since positive sentiment across the sector typically benefits individual auto stocks.
Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that:
* Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, This adds more reliability to the trade setup.
* Entry on Retest / FVG / IFVG:
• Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds.
• Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point.
• Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
QUESS CORP By KRS ChartsDate: 23rd July 2024
Time: 7:20PM
Why Quess Corp?
1. Fundamentally Good Company with decent P/E Ratio.
2. Since Quess Corp listed it, movement is sideways within specific range if we check bird view of it.
3. According to Dow Theory, it was making LH LL (Downtrend) but very first time in 2023 it made Higher Low and moving continuously upside and now sustain price near All-time resistance.
Once it Break this resistance there is Buy Trade for Quess Corp for new Higher High ~1000Rs.
And for Early Entry individual can enter small Qty at current price with SL of 591 Rs.
RELIANCE: for next 5-10 yearsLTP: 1338
Support: 200
As per my analysis, Reliance is in BIG correction and expecting BIG rally in the coming years.
Best Buy levels:
Around 1370, 1025, 877.
Reversal from any of these levels, first target 3170.
Targets by levels:
3170
3660-4300
5000
5400-6555
7300
9000-10200
12000-14000
19500
Nifty: Is 63 Day EMA re-test on the cardsNifty has seen a lot of selling in Oct Month
currently Nifty is approx 400 points adrift from 63 day EMA
Nifty has shown some degree of buying since last 1 hour Friday
Can this be take the Nifty to 24750 -24800 odd levels???
Take care & safe trading...!!!
Disclaimer
- the view here is my personal view and does not imply any recommendation
- pls do your own research before taking any financial decision
- consult your financial adviser if need be
- its your hard earned money treat it wisely
Time cycle is saying we are around a bottom Nifty CMP 24392
time Cycle- 14 oct was a major conjunction. Two cycles merging at the same time is a major point in time. In my experience Nifty has bottomed or topped one two weeks before or after around this time cycle.
Trendline- break of the channel and the retest is a good place to look to buy.
In my view this correction is done. Buy stocks post their quarterly results.
Laurus Lab: Looking good on charts from Medium term perspectiveLaurus Lab
The chart suggests 430-455 acting as support
Once above 480 levels, the stock can look to test 558 / 604 odd levels
Take care & safe trading
Disclaimer
- The view is my personal view
- Do your own research and consult your financial adviser before taking any financial decision