Trend Analysis
EURJPY - CONSOLIDATING AT KEY SUPPORT WITH BULLISH POTENTIALSymbol - EURJPY
CMP - 156.50
EURJPY continues to consolidate near an important support zone. The support level marked on the chart has acted as a solid base for price action, offering stability to the currency pair and providing key support for the consolidation.
At the current market price, EURJPY presents a good opportunity for traders looking to enter long positions. The price is well-positioned for potential upward movement, making it an ideal entry point for those anticipating a bullish trend. Moreover, the ongoing downtrend in the US dollar is likely to provide additional support for the Euro, further reinforcing the bullish potential for the pair.
However, it is essential to keep an eye on price action near support zone. A breakdown below 154.80 area could signal increased selling pressure, and a sustained move below the 154.50 level would confirm a shift from a bullish to a bearish market structure. In such a scenario, a retest of the breakdown zone could provide a viable opportunity for short positions.
On the other hand, if EURJPY maintains its recovery, we could see a push toward the 158 and 160.85 levels, which represent significant resistance areas. A successful breakout above 161.00 levels would confirm trend reversal and potentially signal further upward momentum.
Key Resistance Levels: 158.00, 160.85
Key Support Levels: 156.00, 155.20
BANKNIFTY Levels March 5, 2025
BANKNIFTY Levels March 5, 2025
BANKNIFTY Levels for Today
Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels.
The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
Your likes /boosts gives us motivation for continued leaning and sharing ideas.
Nifty updated levels 22290 1st resistance avoid sell at cmpHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Ice Cream King Ready to Melt Resistance & Fly High!Hello everyone, i have Brought a stock which has given neat & clean breakout of a consolidation period with huge volume spurt, this is a ICEMAKER stock, as we all know summer almost has been started so these type of stocks will start roaring up let's start with discussing about the company.
About the Company:
Vadilal Industries Ltd , founded in 1907, is India’s 2nd largest ice cream brand , holding a 16% market share in the organized ice cream market. The company dominates the cones, cups, and candy segments and also exports frozen fruits, vegetables, and ready-to-eat products worldwide.
Technical Setup & Trade Plan
The stock is showing bullish momentum, breaking out from consolidation with strong volume confirmation. Historically, Vadilal sees increased demand in summer, making this a favorable seasonal play. Please check chart above for the Levels like entry, exit stop loss and targets!
Why i found This Stock impressive?
Seasonal Upside: Peak demand for ice cream during summer boosts sales .
Market Leader: Strong position in India's growing frozen food segment.
Technical Breakout: Bullish price action with volume support.
Fundamental ratio:
Market Cap
₹ 3,071 Cr.
Current Price
₹ 4,272
High / Low
₹ 5,143 / 3,164
Stock P/E
19.7
Book Value
₹ 915
Dividend Yield
0.04 %
ROCE
27.1 %
ROE
31.0 %
Face Value
₹ 10.0
Industry PE
28.7
Debt
₹ 155 Cr.
EPS
₹ 217
Promoter holding
64.7 %
Intrinsic Value
₹ 2,125
Return over 5years
40.8 %
Debt to equity
0.24
Net profit
₹ 156 Cr.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
If you Found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
Britannia - Keep On WatchCMP 4575 on 04.03.25
The price movement has made a head & shoulder-like pattern in recent sessions and showed a breakdown of the pattern.
Also, the price has fallen to a crucial projection level that has acted as a support in the last 5 years. If it breaks down and sustains below this level, a bearish move may be seen.
Downside targets may be 4150/3800 or even more.
This setup remains active if the price sustains below 4700. Above 4820, setup will go weak.
One should keep the position size according to the risk management.
All these illustrations are only for learning and sharing purposes, not a buy or sell recommendation in any form.
All the best.
Make or Break ?I belong from scientific community
hence I dont belive in Tecnical Analysis
I Solely relay on Fundamentals n Belive in Long term Wealth Creation By Holding good Growth Companies
While Sometimes I Trade/Speculate In Market with Minimal Capital
But as a Investor I Also Get Short Term Pain When there is high correction In Market
If Nifty Take Support From this Trendling I'll Start Belive in TA :-)
EURCHF - BEARS ARE READY TO PUSH PRICE LOWERSymbol - EURCHF
CMP - 0.9397
EURCHF has breached its trend support, disrupting its overall bullish structure. The strengthening of the US dollar is exerting downward pressure on the forex markets.
The fundamental outlook for the Eurozone remains highly negative, primarily due to the policies of the Trump administration and broader US economic conditions, particularly with regard to the ongoing tariff dispute. The strengthening dollar generally creates a challenging environment for the markets.
From a technical perspective, following the breakdown of the uptrend's support, bearish sentiment is solidifying as prices remain within the selling zone, confirming the dominance of the bears.
Key resistance levels: 0.9380, 0.9417
Key support levels: 0.9329, 0.9294
While a retest of the reversal zone at 0.9400 is possible, attention should currently be directed to the 0.9380 level. A sustained consolidation below this level could trigger further downward movement.
Nifty levels - Mar 06, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
3.4 Gold price continues to maintain low bullish momentum3.4 Gold price continues to maintain low bullish momentum
1. Current market analysis
Trend: On Tuesday, gold price showed a clear upward trend, especially in the European session, breaking through the high point strongly, showing a strong bullish momentum.
Support and resistance: 2894-2896 area is the key support level, 2920 and 2942 are the upper resistance levels.
Gold fell back to around 2920, but the overall trend is still bullish.
2. Operation strategy
Long order strategy: Long around 2896-98, stop loss set at 2988, target 2921, 2942.
3. US market aftermarket
US market trend: It is expected that the US market may have a second pull-up, this judgment is based on the strong performance of the European session.
If the gold price can stand firm in the support area of 2894-2896, the probability of further rise in the US market is still relatively large.
Target: If the gold price can break through 2920, the next target can be seen at 2942. If the market sentiment continues to improve, it could even move higher.
BankNifty levels - Mar 06, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
XAU/USD (Gold vs. US Dollar) on the 1-hour timeframeKey Observations:
Bullish Engulfing Pattern – A strong reversal signal suggesting upward momentum.
Ascending Trendline + Support Level – Price respects the trendline, reinforcing bullish bias.
Entry Confirmation – The breakout above consolidation inside the triangle.
Target Prices:
Target Price 1: First resistance level.
Target Price 2: Day’s high at $2,928.78.
Stop Loss: Set below the trendline and support at $2,901.60.
UPL Ltd - Renko Analysis & Trade Setup
🔍 Stock: UPL Ltd (NSE)
📊 Chart Type: Renko (1% )
📆 Timeframe: Daily
Technical Analysis:
1. Resistance Zone (650-650.50)
- The price is testing a strong resistance zone around ₹650.
- This level has been previously respected, leading to pullbacks.
2. Bearish Reversal Signal
- The latest red Renko brick suggests potential downside momentum.
- A short-term correction could be in play.
3. Support Levels:
- The next major support is around ₹588-590.
- If the price fails to hold above ₹635, we might see further downside towards this level.
4. Indicators:
- The trendline still shows bullish momentum, but signs of weakness are appearing.
- RSI is currently above 60, indicating strength but also the possibility of overbought conditions.
Trade Setup:
✅ Bearish Bias: If price stays below ₹635, a potential short trade can be considered with a target of ₹590.
✅ Stop-loss: A strict stop-loss above ₹650 to protect from false breakouts.
✅ Bullish Confirmation: If price reclaims ₹650 convincingly, a breakout trade towards ₹675+ could be on the cards.
🔔 Conclusion:
UPL is at a key inflection point. A rejection at ₹650 can lead to a correction, while a breakout can fuel further upside. Keep an eye on price action for confirmation!
#UPL #Renko #StockMarket #TechnicalAnalysis #TradingView #NSE #SwingTrading
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in ABBOTINDIA
BUY TODAY SELL TOMORROW for 5%
GOLD SURGES STRONGLY – IS THE SELL SIDE TAKING CONTROL? Yesterday, Gold surged nearly 50 points, climbing from 288x to 2927.x, hitting the key resistance zone that I had previously noted. Immediately after, Gold made a sharp correction, signaling that the Sell side is regaining control in today’s session.
📌 Looking at the D1 timeframe, Gold still shows strong bullish momentum but has reached a critical continuation zone (IP – Important Price), where it has been reacting since yesterday. Today, we anticipate a potential reversal with strong selling pressure, making early SELL entries a solid strategy.
🚨 Key resistance to watch: 2933 – If the price breaks above this level, the BUY side will regain strength, and the SELL plan will be canceled. I will update a new strategy accordingly.
⏳ Trading strategy for today:
🔹 Focus on SELL opportunities in the Asian & European sessions.
🔹 Wait for confirmation in the U.S. session before adjusting the approach.
⚡️ KEY PRICE LEVELS TODAY
📌 Resistance: 2916 - 2927 - 2933 - 2945 - 2954
📌 Support: 2890 - 2886 - 2880 - 2875 - 2860
💎 TRADE SETUPS FOR TODAY
🔹 BUY ZONE: 2876 - 2874
SL: 2870
TP: 2880 - 2884 - 2888 - 2894 - 2900
🔹SELL SCALP: 2926 - 2928
SL: 2932
TP: 2922 - 2918 - 2914 - 2910 - 2900
🔹SELL ZONE: 2945 - 2947
SL: 2950
TP: 2940 - 2936 - 2932 - 2928 - 2920
🚨 IMPORTANT NOTICE
📊 Today's focus will be on the ADP NONFARM report – This key data will provide insights into the U.S. economy ahead of Friday's Nonfarm Payrolls (NFP).
📢 Traders should be extra cautious and strictly adhere to TP/SL rules to protect their accounts from potential volatility.
💰 Wishing everyone a profitable trading session – GOOD LUCK! 🚀🔥
Bitcoin bought at 83000 booked at 94400 again bought 8560000How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
US30 / DOWJONES - Possible Breakdown. On daily charts us30 already broke trendline and trading below it. On a weekly chart let’s wait for the close and the support breakdown. then we might see the fresh new selling in it. Further rsi also indicating correction.
There are also many fundamental reasons as well for the market to correct. But we will focus on technical only.