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Trend Analysis

XAUUSD Faces Pressure from China and USDChina has recently discovered a new gold mine, potentially reducing its future demand for gold, which could push gold prices lower. Meanwhile, Trump’s election victory has strengthened the USD, adding additional downward pressure. Currently, XAUUSD is hovering around 2,627.275 after a recovery from a low near 2,605.310. However, the price was rejected at the strong resistance zone near 2,700, signaling a significant hurdle as the previous upward trendline has been broken. The EMA 34 (2,653.133) and EMA 89 (2,585.826) are acting as potential support levels but also indicate that the bullish momentum is fading. If the price fails to hold above the EMA 34, a deeper decline towards the 2,560 support zone could occur, especially as selling pressure intensifies.
OANDA:XAUUSDShort
by Sophi-A
1
Nifty Intraday Support & Resistance Levels for 27.11.2024On Tuesday, Nifty opened with a gap-up at 24343.30, which also marked the day's high. However, the momentum did not sustain, leading to a low of 24125.40, before closing at 24194.50, down by 27 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is also sideways. The Demand & Supply Zones remain unchanged from the previous analysis. Demand/Support Zones Near Demand/Support Zone (15m): 23856.15 - 23940.30 Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Near Support: 23189.88 (61.8% FIBO) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside Weekly Supply Zone) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily Supply Zone) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05
NSE:NIFTY
by PriteshPal
Dow Futures Trading Strategy 27th November 2024Dow Futures Trading Strategy Buy Above: 45010 Sell Below: 44750 Current Price: 44975 Support Levels: 44850, 44750 Resistance Levels: 45010, 45120 Disclaimer: Trading in financial markets carries significant risk and may not be suitable for all investors. The above levels are for informational purposes only and do not constitute financial advice. Please perform your own research or consult a certified financial advisor before making trading decisions. Always book profits at regular intervals or trail with a stop-loss to mitigate potential losses and secure gains.
BLACKBULL:DJ30.F
by ramkkyy
Nifty Trading Strategy for 27th November 2024Nifty Trading Strategy Buy Above: 24,240 (Trigger a buy if a 15-minute candle closes above this level.) Sell Below: 24,050 (Trigger a sell if a 15-minute candle closes below this level.) Current Price: 24,195 Key Levels: Resistance: 24,350 (If price approaches this level, expect potential selling pressure.) Support: 23,960 (If price drops to this level, buying interest may emerge.) Trading Guidelines: For Buy Trades: Place a stop-loss slightly below the breakout level of 24,240 or a suitable recent support level. For Sell Trades: Place a stop-loss slightly above the breakdown level of 24,050 or a suitable recent resistance level. Profit Management: Always book profits at regular intervals or trail your stop-loss to lock in gains while minimizing losses. Disclaimer: I am not SEBI Registered. Trading in the stock market involves substantial risk and may not be suitable for all investors. This strategy is for educational purposes only and does not constitute financial advice. Ensure you conduct your own analysis, consider market conditions, and consult a certified financial advisor before executing any trades. Be mindful of factors such as market volatility, economic events, and global influences, which may impact the market unpredictably. Always manage your risk effectively.
NSE:NIFTY
by ramkkyy
Deepak Fertilizer getting ready for a run upNSE:DEEPAKFERT Started tracking it since it last broke 52-week high on Nov 6. It gave a good closing but because of the overall market correction couldn't get the follow up move. Next attempt to break was made on Nov 12th. However, the traders past stuck on the high took it as exiting opportunity at breakeven. Since then it has been going on like that. So as a result all weak hands are out. Now as the range tightening and liquidity contracting, the setup is almost set to make it further move either side. As you guys know I approach every trade as 'Risk-First'. Rather than hoping how much profit I can make, I first see how much I can lose in a setup. So my risk is here just ~0.9% which is suitable for my trading style. Expecting a blast in a day or two as market gets out of its indecisive mood. Keep observing. Keep improving. Bcz, in trading: #Learning is the ultimate Earning 🎯📚
NSE:DEEPAKFERTLong
by Trendxinc
Bank Nifty Simple Analysis!!Bank nifty after a gap up opening failed to break daily trend line resistance arround 52300. tried to touch 52600 on 26th nov morning but later on failed traded sideways rest of the day but still shows strength on buy side from bottom. Possibilites for tomorrow : Pin 1 : open on trend line support and try to reach the previous high pin 2 : open on trend line and failed to broke the resistance at 52300 approx then steep down Pin 3 : open below trend line and retest and go down Support : 51760,51280 Resistance : 52350, 52620
NSE:BANKNIFTY
by Price_actiontaker14
26000 Market TOP?Title: Are We Witnessing a Medium-Term Top in Indian Markets? A Deeper Dive into Market Trends The Indian stock markets have corrected nearly 10-12% in recent months, and the internal structure of the market suggests that this may not just be a routine pullback. Instead, it raises the possibility of 26,000 acting as a potential medium-term top. The charts of individual stocks and sectors, combined with worsening market breadth since February 2024, indicate we might be heading for a larger correction. --- Key Observations 1. Market Breadth Deterioration Market breadth—one of the most reliable indicators of overall market health—has significantly worsened this year. Fewer stocks are participating in upward moves, with many declining even as the broader indices attempted to hold their ground earlier. 2. Sectoral Trends: The Bounce Leaders If a market bounce occurs, sectors like Pharma and Healthcare appear poised to lead. These traditionally defensive sectors have been showing relative strength even amid the broader weakness, suggesting a potential shift in investor preference toward safety. 3. Quality of the Bounce: A Crucial Indicator While a short-term bounce is possible, the quality of the upmove will determine the next leg of market trends. A lackluster or narrow rally, limited to a few sectors or stocks, could signal more pain ahead. Conversely, a broad-based rally could provide a temporary respite, though it may not alter the medium-term bearish narrative. --- Why 26,000 Could Be a Medium-Term Top - Technical Indicators: Multiple indicators, including moving averages and RSI on key indices, suggest resistance around the 26,000 level. - Weak Stock Charts: A significant portion of the market now trades below key support levels, further underscoring the structural weakness. - Mixed Global Sentiments: While global interest rates are not rising, uncertainties in global markets and economic conditions continue to weigh on investor sentiment. --- What Lies Ahead? As per my analysis, the chances of a bigger correction are increasing. The worsening breadth since February 2024 is a red flag that should not be ignored. A bounce, if it occurs, is likely to be led by Pharma and Healthcare, but whether it’s sustainable will depend on broader participation and sentiment recovery. Investors should remain cautious, focus on quality stocks, and closely monitor the behavior of leading sectors during any rebound. For traders, a cautious approach with strict risk management is essential in this volatile environment. --- Key Takeaways for Market Participants 1. Stay Defensive: Favor sectors like Pharma and Healthcare, which are showing relative strength. 2. Assess Market Breadth: Keep an eye on the number of advancing vs. declining stocks for clues about market health. 3. Prepare for Volatility: Markets may experience sharp movements in either direction, demanding agility in strategy. --- While history often repeats itself in markets, it doesn’t necessarily rhyme. Therefore, it’s essential to stay alert, analyze trends objectively, and be prepared for what could be a significant turning point in Indian equities. Let’s keep our eyes on the charts and tread carefully in these uncertain waters. --- What’s your take on the markets? Share your thoughts below.
NSE:NIFTYShort
by keshevdugar
#banknifty - 27th November!!NSE:BANKNIFTY Observe the chart, understand the chart, then implement the chart. Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:BANKNIFTY
by thetradeforecast
1
Zomato Ltd. - Breakout OpportunityDate : 26-Nov-2024 LTP : Rs. 280.10 Targets: (T1) Rs. 298 --> (T2) Rs. 334 SL : Rs. 261 Technical View: • NSE:ZOMATO is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 298 on 24-Sep-2024, it has retraced 20% to 239.45 level. • NSE:ZOMATO has breakout from it's secondary downtrend with higher volume on 26-Nov-2024. • NSE:ZOMATO is trading above both 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA on 19-Nov-2024. • RSI is in buy zone and trading at 62.17. MACD is in bullish and trading at 2.92. • Looking good to start a new swing from here. Like the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:ZOMATOLong
by vicky252
Gold stabilizes above $2,600 after sell-off on hope of ceasefireGold fluctuates above $2,600 on Tuesday after sliding almost three percent – a whopping $90 plus – on Monday due to rumors Israel and Hezbollah were on the verge of agreeing on a ceasefire. Whilst good news for Lebanon, this was not good news for Gold as it improved the outlook for geopolitical risk. At the time of writing, Gold price is consolidating the bounce near $2,625 as buyers stay cautious amid an impending Bear Cross. The 21-day SMA is closing in to cut the 50-day SMA from above. If that happens on a daily closing basis, it will validate the bearish crossover. Adding credence to the downside potential, the 14-day Relative Strength Index (RSI) has found a foothold below the 50 level, currently at 45.50. The immediate support is at the intraday low of $2,605, below which a drop toward the 100-day SMA at $2,566 cannot be ruled out. A sustained break below that level could challenge the November 14 low of $2,537. Conversely, Gold buyers need a daily candlestick closing above the confluence of the 21-day SMA and the 50-day SMA at $2,667. The next topside barriers are seen at the $2,700 level and Monday’s high of $2,721.
FX_IDC:XAUUSD
by XAUUSDANALYST
SERVOTECH : VCP Formation#servotech #vcppattern #breakout SERVOTECH : Swing Pick >> VCP formation Visible >> Trending setup >> Good Strength & Volume >> Good Risk Reward >> Early Entry can give 13% >> Breakout can give u another 20% Swing Traders can lock profit at 10% and keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:SERVOTECHLong
by moneyfesttrading
Apple Inc. Key Resistance Breakout SetupI'm observing an interesting setup on Apple Inc. (AAPL) on the daily timeframe. The price has approached a critical resistance level at $236–$237.50, which has acted as a rejection point in the past. A breakout above this level with a successful retest could confirm bullish momentum. ### My Game Plan: - **Breakout Confirmation**: Wait for the price to break above $237.50 with strong volume. - **Retest Entry**: If the price pulls back to retest the $236–$237.50 zone and shows bullish rejection, it could offer a low-risk entry point. - **Target**: Post-breakout, the price could potentially rally towards $245 and beyond. - **Stop Loss**: Placed below the $234 level to minimize downside risk. ### Key Notes: This setup aligns with my approach of trading breakouts with confirmation and retests. Remember to manage risk and use proper position sizing. What are your thoughts on this ? Let me know in the comments!
NASDAQ:AAPLLong
by Shivam_Mandrai