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Trend Analysis

INVERTED HEAD & SHOULDER PATTERN in IRCTCThis chart indicates a possible *Inverse Head and Shoulders* (H&S) pattern forming in IRCTC on the daily timeframe. Here's the analysis and trade advice based on this setup: ### **Pattern Identification** 1. **Left Shoulder**: The first dip followed by a recovery. 2. **Head**: A deeper dip forming the lowest point in the pattern. 3. **Right Shoulder**: A higher low similar in depth to the left shoulder. 4. **Neckline**: The sloping black dashed line acting as the resistance level connecting the peaks of the left shoulder and right shoulder. ### **Key Levels** - **Neckline Breakout**: A breakout above the neckline (around ₹801-₹805) would confirm the pattern. - **Support Zone**: ₹753 (pink zone below the shoulders). - **Resistance Zone**: ₹860 (orange box above the neckline). - **Target**: Upon breakout, the measured move (distance from head to neckline added to breakout) projects a target near ₹860-₹880. ### **Trade Setup** #### **Long Position** 1. **Entry**: - On a confirmed breakout above ₹805 (neckline), with strong volume. 2. **Stop Loss**: - Below ₹753 (below the head's low) to minimize risk. 3. **Target**: - First target: ₹860 (upper orange resistance box). - Extended target: ₹880 (based on measured move). 4. **Risk-to-Reward**: - This trade offers a favorable risk-to-reward ratio if the breakout is valid. #### **Invalidation** - If the price closes below ₹753, the bullish inverse head and shoulders pattern becomes invalid. ### **Additional Notes** - The purple downward trendline and channel are key—if the price stays within the channel and fails to break out, the bearish trend could continue. - Look for increasing volume during the breakout attempt as confirmation. Would you like me to analyze other details, like potential downside risks or alternative scenarios?
NSE:IRCTCLong
by shailesh_desai_5050
2
BTC#5: Summary of trading plans for BTC💎 💎 💎 In post #4, we made the choice to stay on the sidelines. What do you think about this decision? Leave a comment 💎 💎 💎 Based on yesterday's price reaction. Today, I continue to bring you the BTC trading plan and price prediction in the coming time: 1️⃣ **Fundamental analysis:** 📊 In his speech, Trump did not mention cryptocurrencies or Bitcoin, which caused: ⚫Bitcoin decreased by 3.2%. ⚫Cryptocurrency Market Liquidations Hit $200M+ 🚀 Google Cryptocurrency Searches Hit 5-Year High 📌 Acting SEC Chairman Mark Uyeda Announces New Crypto Task Force Led by Commissioner Hester Peirce to Develop a Clear Regulatory Framework for Crypto Assets 2️⃣ **Technical Analysis:** 🔹 **D Frame**: Although the price broke the previous high, the closing candle shows that the Resistance Zone is not completely broken 🔹 **H4 Frame**: We can see the appearance of the 2nd peak which is lower than the 1st peak. The price structure is still bullish. 🔹 **H1 Frame**: You can see the Sideway triangle I drew on the chart. The current price structure is still increasing 3️⃣ **Trading plan:** ⛔ Regarding the trend, everything is still in an increasing price structure. However, the price reaction at the old peak area and the market's upward momentum have "cooled down", so any possibility can happen and is mentioned in the H1 Plan ✅ In my personal opinion. The price line is likely to have an adjustment to gain momentum to overcome the old resistance zone. However, the structure has not been confirmed yet, so we still focus on finding opportunities to place BUY positions in accordance with the main trend of the market. 💪 **Wishing you successful trading!** 📌 For any questions, please contact us directly. I am ready to answer you for free 👉 Follow me to see the results
by TonyL0ng
Gold prices have surged despite the strengthening of the USDThis rise is attributed to the weakening of the USD and uncertainty surrounding the policies of US President Donald Trump. Investor concerns about the potential for a trade war and market volatility have driven demand for gold as a safe-haven asset. President Donald Trump is currently considering imposing a 10% tariff on imports from China, effective February 1st. This is also the same date he previously announced a 25% tariff on imports from Mexico and Canada. Given these developments, I expect gold prices to continue rising, primarily due to increased buying for safety ahead of new actions by President Trump. Gold prices are now approaching record-high levels. Key economic data to watch this week: - Thursday: Weekly Initial Jobless Claims report in the US - Friday: S&P Flash PMI and Existing Home Sales data in the US Based on technical analysis, with support levels at 2,621 and 2,658, gold has maintained its upward momentum. With the latest support at 2,694, gold continues to trend higher and may break through resistance at 2,758. The trendline also indicates a short-term bullish trend. If there are no significant changes, traders may set stop-loss (SP) at 2,680 and take-profit (TP) at 2,750 to protect profits and minimize risk.
OANDA:XAUUSD
by Brigi_ta
Zensar Technologies W pattern Breakout. 🚨 Zensar Technologies Trade Alert 🚨 🔍 Setup at a Glance: Pattern: W-pattern forming within a trading channel 📈 Breakout Level: ₹840 Support Zones: Channel support 200 DMA (holding since March 2024) Trend: Overall uptrend, trading above key DMAs ✅ Volume: 🚀 2x-3x higher than previous sessions today! RSI: Strong and supportive – signaling momentum. 💡 Trading Plan: Entry: Above ₹840 (start small; e.g., buy just 10% of your usual quantity). If the stock closes above ₹840, you can consider adding more. Target (T1): ₹1025 (channel top) – +21% upside potential 🎯 Stop Loss (SL): ₹709 – -16% downside risk 🔻 Risk-Reward Ratio (RR): ⚖️ 1:1.3 ⚠️ Key Risks & Considerations: Market Structure: Currently in a Lower High - Higher Low (LH-HL) sequence. This trade goes against the broader trend – a higher probability of failure! Why Consider It? Exceptional volume and strong RSI, combined with a well-defined W-pattern and breakout level, make this setup compelling. 🚦 Risk Management Tip: Example Position Sizing: If you usually buy 100 shares, start with only 10 shares initially. ⚠️ Disclaimer: This analysis is for educational purposes only. Please assess your own risk tolerance and consult with a financial advisor before trading. 📘 💬 What’s your view on Zensar? Let’s discuss in the comments below! 👇
NSE:ZENSARTECHLong
by sagartharayil
10
Nifty ready for bounce. Buy SpottedOn Higher time frame, Nifty has taken support at 0.61 Fib (23k) Retracement of the Election Rally from 22k to 26k. If Nifty Holds this level, it could trigger a Short Covering taking Nifty to Major Resistance Levels at 23500 23800 24000 24200 24800 25000 Rejection from Any of These levels may resume the correction. If Sustains Above 25000, (Since it's a Monthly Candle Resistance) Then Next Rally may Begin.. This may be supported by inline earnings reports or better than expected earnings and Budget!
NSE:NIFTYLong
by DrAnandM