A Minor Sellout in GOLD!!!Price may go for correction towards the $2800
Seems like a shorting opportunity if price settled below $2812.
Trend Analysis
RVNL Date : 04.02.2025
RVNL
Timeframe : Day Chart
1 I have explained each entry points for longs as well as for shorts in the main chart.
2 Kindly have a look peacefully & mark your trades accordingly.
3 For now keep support & resistance band with symmetrical triangle + 200 ema as trailing stoploss, on closing basis.
Regards,
Ankur
HALPlease consult your financial advisor before investing.This is only for learning purpose of chart.
We are NISM certified EQ and MCX trader but not SEBI register investment advisor.
BUY THE REGREATS IN BEAR MARKET AND HOLD 12-15 MONTHS WILL GIVE YOU MULTIBAGGER RETURN ....
gold correction side updategold mcx stya blw 83150 looks dwn fall till 82920--770 expect where hurdel for interday base 83319@ in spot gold 2832 abv only rock or blw 2810 more dwn fall possible 2790-70$
XAU/USD Price action trading is a technique where traders make decisions based on the price movements of a financial asset, rather than relying on technical indicators. It involves analyzing historical price data to identify patterns and trends that can indicate future price movements.
NIFTY SIDEWAYS MARKET SET Up -3rd Feb 253rd feb NIFTY- POWERFUL SUPPORT /RESISTANCE in Intraday which lead to moves (good RR trades) depend on previous day(s) structure - this is highly helpful in Sideways Market where exact entry can easily give 1:2 RR
We have a good correction in the price of goldWith the price being in the daily channel's midline, we can expect a deep correction to prepare for a new rise.
The indicated support and resistance are suitable for buying and selling gold
Bullish BELBuying prices and targets are all mentioned in the chart.
Price breaking out at 284 and taking support at 284.50 will validate the buying price.
Price if rejecting 284 will invalidate the buying bias.
Nifty Support Zones of last 4 yearsHere are major support zones of Nifty in last 4 years. How far can it go?
buying crude from demand buying crude from demand zone . demand rejection on smaller time frame . for the target of gap fill on mcx charts and supply zone . sl below the zone .
Banknifty Intraday 03-02-2025 analysis The image is a TradingView chart of the Bank Nifty Index (15-minute timeframe), showing price action along with potential future scenarios.
Key Observations:
Current Price: ₹49,210.55
Support & Resistance Zones:
A key resistance level near ₹49,500 - ₹49,700
Support around ₹49,000 - ₹48,800
Potential Market Scenarios:
Gap Up Scenario: If the market opens above ₹49,300 and sustains, an uptrend towards ₹49,700-₹50,000 is possible.
Flat Opening Scenario: If the price remains around ₹49,200-₹49,300, it could consolidate before breaking out.
Gap Down Scenario: If the market opens below ₹49,200 and breaks ₹49,100, a move towards ₹48,900 and below is possible.
Trading Strategy:
Bullish Bias Above ₹49,300: Look for long opportunities if price sustains above this level.
Bearish Bias Below ₹49,100: A breakdown could signal further downside.
Range-bound Possibility: Sideways movement expected if price remains in the ₹49,100 - ₹49,300 range.
midcp nifty ( day and week ) Hi, i am not SABI register and i am not giving any buy and selling advice . am just sheraing my point of view .
I thing that midcap nifty and market is going to crass in few month or week.
Tell me what's you view on maket in comment
Thank you.
Wipro cmp 317.00 by Weekly Chart viewWipro cmp 317.00 by Weekly Chart view
* Resistance Zone 307 to 317 Price Band
* Volumes closing in on avg traded quantity over past few weeks
* Weekly basis Support at 289 > 261 > 233 with Resistance at 340 > ATH 369.90
* Bullish Cup & Handle and/or Double Rounding Bottoms or a very faintly applicable Head & Shoulders pattern done by the neckline at Resistance Zone, as one may interpret
CG Power : Showing signs of reversal#CGpower is showing signs of reversal - will it sustain ?
- The volatility in the stock has shot up significantly in past 2 days !
- Technically, the CG Power solutions has given early signs of reversal in weekly charts, with 530-540 acting as support zone, while 640, followed by 680 - 700 will act as strong resistance for Feb series
- On the fundamental side, CG Power share price is trading at P/E ratio of ~ 99 (high), and may limit big upside for time being.
- Any -ve news can hammer the stock back to 420- 450 zone (series of supports are placed !)
#learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
XAU#11: Gold continues to hit new highs but ......
💎 💎 💎 Did you make a profit in the previous article #10? Please like and follow the channel to follow the earliest trading plan. 💎 💎 💎
🔥So FOREXCOM:XAUUSD OANDA:XAUUSD TVC:GOLD has corrected and broken the peak as predicted in analysis #10. Now let's plan the next step:🔥
1️⃣ **Fundamental analysis:**
📊US employment, new orders, and inventory indicators achieved good data.
🔴 Mexican President Sheinbaum previously announced that he had a good meeting with Trump and reached some agreements, the imposition of US tariffs will be postponed for a month.
🔴Trump said the call with Canadian Prime Minister Trudeau went well.
🚀 . The US government deficit is supporting both gold and stocks, but stock returns may have peaked.
📌 Gold continues to be a safe haven asset, attracting more safe haven capital flows
2️⃣ **Technical analysis:**
🔹 **Frame D**: Yesterday's candle showed a very good price reaction at the old peak. If we follow price action, we may see gold continue to set new peaks
🔹 **Frame H4**: The bullish price structure is still maintained. However, we still need to pay attention to guard against price traps. I will analyze the reasons in detail in the trading plan
🔹 **Frame H1**: The bullish trend is clearly shown. There are currently no signs of a structure break
3️⃣ **Trading plan:**
⛔ Looking at the current price structure, we can see that the bulls are completely dominating. However, yesterday's increase has not yet seen distribution to be able to continue to establish a new peak.
✅ In my personal opinion, today we will wait for the price reaction in the 279x area and should not FOMO BUY this peak. The price line has increased continuously although market sentiment has improved thanks to information that Trump's meetings all had good results. We have not seen any correction to gain sustainable momentum. It is likely that it will appear today. This will be an opportunity for us to have a better position than the current price
💪🚀 **Wish you successful trading! **
📌 For any questions, please contact directly. I'm ready to answer you for free
#trading #trade #xauusd #newtrader #newbie #xau #forex #tradingview #plants #trader #tradingforex
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD
As of February 4, 2025, the EUR/USD pair is experiencing significant volatility, primarily due to recent geopolitical developments, including the U.S. administration's imposition of tariffs on imports from Mexico, Canada, and China. These actions have led to heightened market turbulence and a notable decline in the euro.
**Technical Overview:**
- **Current Price:** 1.0277
- **Resistance Levels:** 1.0300, 1.0350
- **Support Levels:** 1.0200, 1.0150
**Technical Indicators:**
- **Trend:** The pair is currently in a bearish trend, having broken below key support levels.
- **Relative Strength Index (RSI):** The RSI is approaching oversold territory, indicating potential for a corrective rebound.
- **Moving Averages:** The price is trading below both the 50-day and 200-day moving averages, reinforcing the bearish outlook.
**Trade Recommendation:**
Given the prevailing bearish momentum, initiating a **buy** position carries significant risk. However, if you anticipate a corrective rebound, consider the following cautious approach:
- **Entry Point:** Wait for a confirmed break above the immediate resistance at 1.0300 before entering a buy position.
- **Take Profit (TP):** 1.0400
- **Stop Loss (SL):** 1.0200
**Risk Management:**
This trade setup offers a 1:1 reward-to-risk ratio. Ensure that your position size aligns with your risk tolerance and overall trading strategy. Given the current volatility, it's crucial to employ strict risk management practices.
**Conclusion:**
The EUR/USD pair is currently under significant bearish pressure due to geopolitical factors and technical breakdowns. While a corrective rebound is possible, any buy positions should be approached with caution, and traders should be prepared for potential further declines.
*Disclaimer: Trading forex carries a high level of risk and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.*
Beautiful Pattern in LTTS. Currently it has given a breakout. Wait for daily close. 5700 is the target.
Observe the pattern and trade accordingly.
MFSL - Looks ready to finally bounceStock has broken the trend line with excellent candle making a fresh demand zone area of 1070-80
It also contains a lower strong zone at 1020-30
Chart suggests to bounce from current levels
If happens it may try to reach near its first target area of 1190 - 1200
As market seems too volatile, take confirmation on lower time frame before opening a new positions, also trade with strict stop loss
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.
NIFTY -04-02-2025 Market recovery of around 0.65%. i.e 148 points around which is a good sign. But premium tends to remain flat from 2-3 OTM strike prices. That means market movers are still cautious. The budget has given boost to the middle class by means of tax relief & 2 house tax nil news which means there will be more consumer spending and will increase. So NBFC and banking sector can move to next levels of resistance.
bata india for upside rally high probability tradebata india taking good support after good correction i am seeing an upside rally for long term viewers.
V2 Retail Ltd: CnH Breakout Setup🛒 V2 Retail Ltd: CnH Breakout Setup
Entry: ₹2,002.85
Stop Loss (SL): ₹1,687 (on closing basis; -15.77%)
Target:
🎯 Positional Target: ₹2,323 (+15.98%)
🚀 Why this trade?
Chart Pattern: Clear Cup and Handle (CnH) breakout with the stock trading in an ascending channel.
Trend Confirmation: The stock is maintaining its position above key Daily Moving Averages (DMAs), confirming strength in the uptrend.
Sectoral Tailwind: Budget 2025 brings a positive outlook for the consumption and FMCG sector, supporting this trade's fundamentals.
Volume: Increasing, but it still needs improvement to strengthen the breakout signal.
⚠️ Key Observations and Risks:
Resistance Ahead: The channel top may act as resistance, so price action near these levels should be watched carefully.
Market Context: Broader market trends are weak, making this a counter-trend trade that adds an element of risk.
Volume Concerns: Volume is yet to fully confirm a breakout; a retest is possible.
📚 Educational Insights:
Channel Tops as Resistance: In ascending channels, the upper boundary often acts as dynamic resistance; breakout strength depends on volume.
Risk Management: With a wide stop loss (closing basis), position sizing becomes critical to limit exposure.
This is a positional trade, so short-term fluctuations shouldn’t influence decisions prematurely.
✅ Suggested Approach:
Take small positions initially to minimize risk while testing the market.
Monitor volume and sector strength for additional confirmation.
Avoid over-leveraging in trades with broad SLs, especially in counter-trend setups.
📈💡 "Adapt to market behavior, but always trade with discipline and patience."
Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Trading and investing involve significant risk, and past performance is not indicative of future results. Please consult with your financial advisor before making any trading or investment decisions. Always manage your risk and trade responsibly.
