Dev Info Technology cmp 167.80 by Weekly Chart viewKeep stock on your watchlist for Fresh Lifetime High Milestone making process beyond ATH
Dev Info Technology cmp 167.80 by Weekly Chart view
- Stock Price is trending well above the EMA 21, 50, 100, 200 with positive MACD and RSI
- Volumes currently in a mixed mode of taking control by the buyers and/or sellers regularly
- Weekly Support seen at 141 > 114 > 90 with the Resistance only seen at the recent ATH 191
- Back to Back Bullish Rounding Bottoms formed or a considerate VCP pattern, as one may interpret
- Price traversing within Rising Parallel Price Channel and currently trending above middle support trendline
Trend Analysis
USDJPY - RETEST OF SUPPORT BREAKDOWN. SELLING AHEAD?Symbol - USDJPY
USDJPY is unable to maintain its uptrend for the time being. Speculation about potential actions from the Bank of Japan is expected to surface. Meanwhile, the US dollar continues to strengthen. The 158.45 level represents a significant resistance formed by bears, who are still exerting pressure on the market. This week, we anticipate active measures from the Bank of Japan, particularly an interest rate hike. While such actions are relatively rare, they could provide strong support for the currency pair. If Japan proceeds with this move, the pair may continue its correction from the 0.5 - 0.7 Fibonacci levels. In this case, key targets could include the zones at 153.25 and 152
Resistance levels: 156.55, 157.22
Support level: 155
A price drop below 155 could trigger aggressive selling. The rate decision in Japan is set for Friday, and until then, the price may remain in a consolidation phase.
XAUUSD - ENCOUNTERING SUPPLY AREASGold is encountering significant resistance at 2721 and has entered a correction phase, which aligns with shifts in the broader economic landscape and fundamental factors. Easing geopolitical tensions in the Middle East have reduced the demand for safe-haven assets like gold, the US dollar, and US bonds. Moreover, improved market sentiment is being driven by expectations of potential stimulus measures from China.
Nonetheless, the downward pressure on gold may remain limited due to the unpredictable nature of Trump's policies and the anticipation of two interest rate cuts by the Federal Reserve later this year. As a result, gold prices are likely to experience short-term volatility, influenced by holiday market conditions and upcoming executive actions from Trump.
From a technical perspective, gold is currently within a symmetrical triangle pattern, which is also situated within an ascending channel. If resistance is not breached, the price may face downward pressure toward support.
Resistance levels: 2713 - 2721
Support levels: 2702 - 2690
A retest of 2702 would increase the likelihood of a breakdown of support, leading to a further decline. This could follow a retest of the resistance level. There is also the possibility of a false breakdown at one of the mentioned resistance levels before the market moves lower.
Bitcoin Bybit chart analysis january 20
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
Today, Nasdaq is closed and there is a high possibility of sideways movement.
In the case of Bitcoin, the report is being updated,
and the movement is coming out as expected before.
The most important part is whether the weekly chart MACD dead cross is in progress.
If the Bollinger band weekly chart resistance line is touched,
the dead cross is ignored and can continue to rise,
but if it is not touched,
the dead cross must be imprinted while moving sideways,
so the sideways movement period may be long in the mid-term.
Today, based on trend following
* One-way long position strategy when the red finger moves
1. $ 107,086.5 long position entry section / stop loss price when the green support line is broken
2. $ 113,417 long position 1st target -> Good 2nd target
The Good section at the top is the weekly chart Bollinger band resistance line. From this section touch, you can operate a short position autonomously,
and from the update of the report, it can shake up and down greatly,
so you must proceed with the stop loss price unconditionally.
From the green support line -> Bottom, a long bullish candle is in progress,
and since it is a full candle,
even if it moves sideways,
it should not go down to the bottom and
should be supported.
Up to this point, I ask that you simply refer to and use my analysis,
and I hope that you operate safely with principle trading and stop loss price.
Thank you.
LEGEND SPEAKS #3 (Jim Roppel)Jim Roppel is a seasoned investor with a unique approach to stock market investing, and his career offers a wealth of knowledge for traders and investors looking to refine their strategies. His expertise in spotting growth opportunities and his disciplined approach to investing have helped him build a strong track record over the years. While not as widely known as some other investors, Jim Roppel’s lessons are valuable, especially for those who want to succeed in the stock market with a methodical and long-term perspective.
Here are some key lessons that traders and investors can learn from Jim Roppel’s approach.
1. Focus on Quality Over Quantity
Jim Roppel has always been an advocate of concentrating on high-quality companies rather than diversifying into many stocks. By focusing on companies with strong fundamentals, good management, and sustainable growth prospects, investors can avoid the risks associated with over-diversification. This approach allows for more in-depth research and a better understanding of the businesses you invest in.
Key Takeaway:
Prioritize quality over quantity. Instead of spreading your investments too thin, focus on fewer companies that you truly believe in and can thoroughly understand.
2. Embrace the Power of Compounding
One of the most important lessons from Roppel is the power of compounding. He emphasizes the importance of investing in businesses with the potential for long-term growth. When you invest in companies that continuously reinvest their profits into expanding their business or increasing shareholder value, your returns can grow exponentially over time.
Key Takeaway:
Invest with a long-term perspective. Look for companies that will allow your investments to compound over time. Patience is key to benefiting from compounding returns.
3. Understand the Business, Not Just the Numbers
Roppel is not just focused on the financials of a company; he insists on understanding the business and its underlying competitive advantages. A great business will be able to navigate market fluctuations, and an investor needs to assess whether the company has a sustainable edge. Whether it’s innovation, a strong brand, or a unique service, understanding these aspects can provide more clarity than just looking at numbers alone.
Key Takeaway:
Invest in businesses, not just numbers. Understand what makes a company special and whether its competitive advantages will stand the test of time.
4. Be Skeptical of Short-Term Market Movements
Jim Roppel believes that many investors make the mistake of reacting to short-term market movements. He emphasizes that short-term price fluctuations are often driven by emotion and market sentiment, which may not reflect the underlying value of a business. Rather than being swayed by these fluctuations, investors should focus on the long-term prospects of their investments.
Key Takeaway:
Ignore short-term market noise. Focus on the long-term prospects of a business and avoid reacting to every market movement. Patience and discipline will pay off.
5. Invest in Companies with a Strong Management Team
A company’s management team plays a crucial role in determining its success. Roppel has always stressed the importance of investing in companies with leaders who have a proven track record of good decision-making. Great management can steer a company through tough times, ensure proper capital allocation, and execute on its growth strategy effectively.
Key Takeaway:
Invest in companies with strong, capable management. A good management team can make all the difference in the long-term performance of a business.
6. Risk Management and Capital Preservation
Roppel is keenly aware of the risks involved in investing and believes in the importance of capital preservation. He advises against taking on unnecessary risks and stresses that it’s not about how much money you can make, but about how much you can avoid losing.
This mindset helps to protect your capital during market downturns and ensures you have the resources to take advantage of opportunities when they arise.
Key Takeaway:
Focus on risk management. Protect your capital at all costs and avoid risky ventures that could jeopardize your long-term success.
7. Be Disciplined in Your Approach
Jim Roppel has demonstrated the importance of staying disciplined in your investment approach. This means sticking to your strategy, not chasing after trends, and being consistent in your decision-making. Roppel advises investors to stay within their circle of competence, avoid making emotional decisions, and be patient enough to wait for the right opportunities.
Key Takeaway:
Be disciplined and stick to your strategy. Avoid chasing trends or making impulsive decisions, and stay consistent in your investment approach.
8. Value Over Price
For Roppel, it’s not about buying stocks at the lowest possible price, but rather investing in businesses that offer strong value. A great business at a reasonable price is often a better investment than buying a cheap stock that lacks potential. Value investing involves assessing the intrinsic worth of a business and ensuring that the price you pay offers a margin of safety.
Key Takeaway:
Invest based on value, not price. Look for businesses that offer long-term value and have a strong potential for growth, even if the price isn’t the lowest at the moment.
9. Stay Disciplined During Market Downturns
Roppel advises that market downturns can often create excellent buying opportunities for patient investors. While many investors may panic and sell during tough times, disciplined investors should use market downturns to their advantage, purchasing shares in high-quality companies at discounted prices.
Key Takeaway:
Take advantage of market downturns. When the market is down, it may be an opportunity to buy high-quality companies at a discount. Stay disciplined and invest for the long term.
Conclusion: Applying Jim Roppel’s Lessons to Trading and Investing
Jim Roppel’s approach to investing offers timeless lessons for both traders and long-term investors. By focusing on quality, staying disciplined, understanding the businesses you invest in, and avoiding short-term distractions, traders can develop a more sustainable and effective strategy. Additionally, Roppel’s emphasis on risk management and capital preservation ensures that you’re not just chasing returns but safeguarding your wealth in the process.
These principles, when applied with consistency and patience, can help investors build a strong, resilient portfolio capable of weathering market volatility and achieving long-term success. Whether you're just starting out or are an experienced investor, Jim Roppel's approach offers a solid framework for navigating the complexities of the financial markets.
KOTAK BANK: Time for 4-year range break?⚡️Price Analysis:
1️⃣ Price structure shifting from sideways to bullish
2️⃣ Classic Textbook breakout with strong bullish candle.
3️⃣ Price needs to sustain above 2000 for major bull rally to initiate.
✨ Key Observations:
➡️ Expecting some good momentum buildup else there is a risk of a false BO as well.
➡️ All timeframes aligned for potential upside move
➡️ Perfect RRR setup forming at these levels
⌛MTF:
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What are your thoughts on this share it in the comments below. ✌️
🔥 Happy Trading!✅🚀
Nifty Intraday Analysis for 20th January 2025NSE:NIFTY
Index closed near 23205 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 46.98 Lakh 23700 Strike – 42.58 Lakh
23600 Strike – 40.37 Lakh
Put Writing
22700 Strike – 46.26 Lakh
22500 Strike – 43.08 Lakh
23000 Strike – 36.89 Lakh
Index has resistance near 23300 - 23350 range and if index crosses and sustains above this level then may reach near 23450 - 23500 range.
Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 228050 – 22800 range.
It is expected that the Index will open with flat to negative sentiment and close red on Monday before Trump assumes office.
Banknifty Intraday Analysis for 20th January 2025NSE:BANKNIFTY
Index closed near 48540 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
49000 Strike – 12.85 Lakh
49500 Strike – 11.93 Lakh
48500 Strike – 7.75 Lakh
Put Writing
48000 Strike – 13.44 Lakh
47000 Strike – 12.04 Lakh
48500 Strike – 9.84 Lakh
Index has resistance near 49000 – 49100 range and if index crosses and sustains above this level then may reach near 49500 – 49600 range.
Index has immediate support near 47900 - 47700 range and if this support is broken then index may tank near 47100 - 47000 range.
It is expected that the Index will open with flat to negative sentiment and close red on Monday before Trump assumes office.
BankNifty levels - Jan 21, 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!
Finnifty Intraday Analysis for 20th January 2025NSE:CNXFINANCE
Index closed near 22610 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 1.45 Lakh
22800 Strike – 0.61 Lakh
22700 Strike – 0.61 Lakh
Put Writing
22500 Strike – 1.12 Lakh
22800 Strike – 1.07 Lakh
23700 Strike – 0.57 Lakh
Index has resistance near 22750 - 22800 range and if index crosses and sustains above this level then may reach near 22900 - 23950 range.
Index has immediate support near 22400 – 22350 range and if this support is broken then index may tank near 22200 – 22150 range.
It is expected that the Index will open with flat to negative sentiment and close red on Monday before Trump assumes office.
Midnifty Intraday Analysis for 20th January 2025NSE:NIFTY_MID_SELECT
Index closed near 12250 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12500 Strike – 6.54 Lakh
12300 Strike – 3.53 Lakh
12200 Strike – 3.38 Lakh
Put Writing
12000 Strike – 8.39 Lakh
11800 Strike – 4.80 Lakh
12200 Strike – 3.74 Lakh
Index has immediate resistance near 12325 – 12375 range and if index crosses and sustains above this level then may reach 12500 – 12550 range.
Index has immediate support near 12100 – 12050 range and if this support is broken then index may tank near 11900 – 11850 range.
It is expected that the Index will open with flat to negative sentiment and close red on Monday before Trump assumes office.
Nifty levels - Jan 21, 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!
Stocks in Focus: Biocon, Bharat Dynamics & Apollo Micro Systems1. Biocon NSE:BIOCON
● The stock reached a peak of ₹483 in December 2020, then experienced a downturn, entered a prolonged consolidation phase.
● This phase led to the formation of an Inverted Head & Shoulder pattern.
● Following a recent breakout, the stock is now poised for upward movement.
2. Bharat Dynamics NSE:BDL
● After hitting an all-time high around ₹1,795, the stock saw a decline of nearly 50% and eventually found support at ₹890.
● From this point, the price rebounded and recently surpassed its trendline resistance, setting the stage for substantial future gains.
3. Apollo Micro Systems NSE:APOLLO
● The stock underwent significant consolidation after marking an all-time high near ₹161.
● With a fresh breakout, the price is now set to exceed its past high and make new highs.
USOIL or CRUDEOIL DOwntrend Movement upto 76.5/75.15/74Symbol : USOIL or CRUDEOIL
TIMEFRAME 1HOUR
Analysis DOWNTREND Movement
can expect the target upto 76.5/75.15/74
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
JPY eased slightly ahead of Trump's inaugurationThe Japanese Yen (JPY) fluctuated between small losses and slight gains against the US dollar, with the USD/JPY pair trying to stabilize around the 156.15-156.20 range during the early European trading session on Monday. Core machinery orders in Japan increased for the second consecutive month, signaling further recovery in capital spending. This, along with bets that the Bank of Japan (BoJ) will raise interest rates later this week, provided a modest boost for the JPY.
Additionally, a fresh round of US dollar (USD) selling contributed to the day’s decline in USD/JPY. However, a generally positive risk tone and the uncertainty surrounding the trade policy of incoming US President Donald Trump limited any significant upward movement for the safe-haven JPY. Traders also seem hesitant ahead of Trump’s inauguration speech on Monday and the highly anticipated BoJ two-day policy meeting starting on Thursday.
From a technical perspective, Friday’s recovery from the support level marked by the lower boundary of the long-standing uptrend channel is slowing down near the 156.55-156.60 region. This area now serves as the immediate resistance, and a new short-sell position could allow the USD/JPY pair to reclaim the round number of 157.00.