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Trend Line Break

Technical Analysis of Pennar Industries LtdAfter a prolonged period of two months characterized by a downward trend, Pennar Industries has recently exhibited bullish momentum with notable breakouts. An analysis of the daily chart reveals a significant trendline breakout, accompanied by increased trading volume, which has facilitated a close above the 50-day EMA. This development is a positive indicator for potential upward movement. Additionally, the RSI has also shown a breakout, moving above the pivotal 50 level, which traditionally signals a shift towards bullish territory. The MACD has provided further confirmation of this bullish sentiment, with a crossover being observed, and the MACD histogram now reflecting positive values. In terms of potential price levels, it is important to note that the stock may encounter resistance around the ₹183 mark, followed by another resistance level at ₹204 . Conversely, strong support is identified at the ₹152 level, which could serve as a safety net for investors in case of price retracement. Disclaimer: The insights provided in this analysis are for informational and educational purposes only and should not be interpreted as financial advice. It is recommended that individuals consult with a qualified financial advisor or conduct their own comprehensive research before making any investment decisions.
NSE:PENINDLong
by NiftyNotions
Gold price today: Continues to rise across the boardGold prices today on the international market continue to rise, despite the increase in the USD value. Over the past week, gold prices have repeatedly set new records, at one point surpassing the 2,880 USD/ounce mark, approaching 3,000 USD/ounce. The main reason for this price increase is concerns about inflation. According to a report from the University of Michigan, inflation expectations for the next year have increased by 1%, prompting many investors to turn to gold as a value-preserving asset. I believe gold is an effective tool to protect against financial fluctuations, whether inflation, deflation, or recession. Recent indicators such as the CPI and PCE in the U.S. show that inflation remains persistent. At the same time, the stock market is showing signs of weakening, and public debt continues to rise, creating a favorable environment for gold prices to continue increasing. Looking closely at the technical chart, gold is currently in a strong upward trend with no signs of slowing down. With a solid support level at 2,853 USD/ounce, I predict that gold may continue to rise in the short term. Notably, the previous resistance at 2,880 USD/ounce has been broken, indicating a very strong upward momentum. Currently, gold is fluctuating around 2,896 USD/ounce and may soon reach the 2,900 USD/ounce mark. In this situation, the stop loss (SL) could be set at 2,860 USD/ounce to limit risk, while the take profit (TP) could be forecasted at 2,920 USD/ounce, assuming gold continues to maintain a stable upward trend.
OANDA:XAUUSD
by Brigi_ta
Is Tata Motors Ready for a Bullish Reversal?Timeframe: Daily Tata Motors (NSE) has been in an expanded flat correction pattern for the past 11 months. In this pattern, the highest high (HH) was 1179, and the lowest low (LL) was 683.2. Currently, the price is trading below the 200, 100, and 50 EMA levels, indicating a bearish trend. In this expanded flat correction: Wave (A) completed at 855.4, Wave (B) peaked at 1179, Sub-wave 4 of Wave (C) touched 786.65, Sub-wave 5 is now unfolding. Once Wave 5 is completed, traders can look for buying opportunities with target levels at 799 – 951 – 1050+. First, it’s crucial to identify the end of Wave (C) to confirm the correction’s completion and a bullish reversal. Projecting ending point of wave (C): Wave (C) may end at 2.618% of Wave (A) around 628.7. Wave 5 has multiple potential targets/support levels: 0.618 extension of Wave 1 at 526, 0.382 extension of Wave 1 at 628, 1.618 reverse Fibonacci of Wave 4 at 657, 2.618 reverse Fibonacci of Wave 4 at 562. We will update further information soon.
NSE:TATAMOTORS
by forextidings
13
Gold price today (February 7): Unexpected reversalGold has ended a streak of five consecutive sessions of gains, dropping by 0.4% due to pressure from the recovery of the USD and profit-taking after the precious metal continually broke records, driven by heightened demand for safe-haven assets amid concerns over escalating trade tensions. In my opinion, the combination of the strength of the US dollar, rising bond yields, and profit-taking has put pressure on gold prices ahead of the release of the US jobs report. A Reuters survey indicates that economists expect around 170,000 jobs to have been created in the previous month, after a sharp increase to 256,000 jobs in December 2024. The unemployment rate is forecast to remain unchanged at 4.1%. The recovery in the labor market is boosting economic growth and may allow the Federal Reserve (Fed) to halt interest rate cuts as it assesses the inflationary impact of President Donald Trump's fiscal, trade, and immigration policies. Based on the 1-hour chart, gold is currently moving within a downward price channel, with strong resistance at 2,876. After failing to sustain its upward momentum, gold has dropped to the first support level at 2,841. If it cannot recover at this support level, it is likely that gold will decline further toward the second support level at 2,812. To manage risk and optimize trading opportunities, a stoploss can be set just above the strong resistance at 2,876, specifically at 2,880 or 2,885, to avoid being "spiked" by short-term fluctuations. The take profit can be set at 2,815 or 2,812 if gold continues to decline and tests the support levels. However, depending on your trading strategy and risk tolerance, you may adjust these levels to suit your objectives.
OANDA:XAUUSD
by Brigi_ta
USD/CHF Poised for a Bullish Breakout: Path to Parity Bullish Scenario 🚀📈 1. Breakout Above the EMA (200) 🔺: If the price closes above the 200-week EMA (0.9082), it could confirm a long-term bullish trend reversal. A strong push may target key levels like 0.9500 and eventually 1.0000 (parity) 🎯, as shown by the projection arrow. 2. RSI Support 💪: The RSI above 50 indicates that buyers are gaining momentum. If RSI trends toward 70, it signals even stronger bullish momentum ✅📊. 3. Higher Highs and Higher Lows 📶: The chart is forming higher highs and higher lows, a classic signal of an uptrend. This pattern supports a move toward higher price levels 🚀. 🔥 Key Takeaway: A breakout above the EMA could spark a powerful rally, with parity (1.0000) as a major psychological target.
Long
by MrStellanSight
SW Solar, Trendline Breakout. Risky Proposition!!🔍Stock Analysis: SWSOLAR (Sterling and Wilson Renewable) Entry & Stop Loss (SL): 🟢Entry: ₹478.00 🔴Stop Loss (SL): ₹402.10 (on a closing basis) 📊Targets: T1: ₹530.90 T2: ₹608.05 T3: ₹639.00 Positional Long-Term Target: ₹761.80 - ₹790.00 All-Time High (ATH): ₹830.20 Setup Overview: Trend: Downtrend. Now showing signs of a trendline breakout. Moving Average Position: Trading below the 50 and 200 DMA Volume: Huge volume spike today, signalling possible accumulation Earnings: Posted good results today Risk Considerations: Risk Level: High Counter-trend trade with the stock still in a downtrend. Below 50 DMA and 200 DMA, indicating overall bearish sentiment. Reasons for Risk Level: The stock is currently against the primary trend (downtrend). Significant resistance levels need to be broken for sustained upward movement. Notes: While today's huge volume and positive results are encouraging, remember this is a risky bet as we are trading against the trend. Entry requires patience and discipline, and SL must be strictly adhered to on a closing basis. 🛑Disclaimer: This analysis is for educational purposes only. Trading involves risks, and you should consult your financial advisor before making any trades.
BSE:SWSOLARLong
by sagartharayil
Hindustan Zinc Time to Buy???Hindustan Zinc (HINDZINC) Analysis 🚀 After a Stage 2 breakout from ₹410 levels, the stock skyrocketed to ₹810, delivering a remarkable 100% return within a month. However, it has now retraced to its previous breakout zone of ₹410-₹415, signaling a potential Stage 4 decline. Currently, the stock is trading near the previous breakout zone, and two scenarios are in play: Scenario 1: Potential Double Bottom/W Pattern Formation If the stock forms a Double Bottom/W pattern and breaks out of the trendline, it could turn into a promising swing trade candidate. Entry: ₹482 (Safe traders can wait for a close above this level). Targets: T1: ₹575 (+19.5%, RR 1:1.23) T2: ₹716 (+48%, RR 1:3) T3: ₹810 (ATH, +68%, RR 1:4) Stop Loss: ₹410 (-16%) 💡 Why watch this scenario? The Risk-Reward ratio is favorable, and the breakout could indicate strength. If you feel compelled to trade, adding small quantities around the previous breakout levels of ₹410 could be a safer bet. Add only Test Quantities. Scenario 2: Breakdown Below ₹411 If the stock breaks below ₹411, it could re-enter the previous breakout base, with potential downside targets of ₹350-₹325. In this case, shorting opportunities might arise, but only if market sentiment aligns. Technical Overview 🔍 The stock is trading well below all key DMAs, indicating weakness. The Lower High-Lower Low (LH-LL) structure is intact with no signs of reversal yet. Overall market trend: LH-LL and trading below the 200 DMA. Any bounce could just be a natural pullback. Fundamentals 🧐 Hindustan Zinc recently posted decent quarterly results, but the broader market trend and technicals should guide your decisions here. Risks & Sugestions ⚠️ Risk Management: With a 16% risk on SL, position sizing is crucial. Avoid committing big capital without proper confirmation. Market Context: Be wary of overall market trends, as the broader market is still weak. Emotional Trading: Don’t get tempted by sudden spikes in the market. Always wait for confirmation. 👉 Pro Tip: Missing an opportunity is better than burning your capital. Start small to gauge strength before scaling your position. Educational Takeaway ✍️ This stock offers a good learning opportunity for breakout and retracement patterns. Add it to your watchlist but focus on risk management and position sizing. Disclaimer: This analysis is for educational purposes only. Consult your financial advisor before making any investment decisions.
NSE:HINDZINC
by sagartharayil
2
XAUUSD Analysis: Potential Bearish Pullback Towards Key Support📉 XAUUSD Daily Analysis 🔍 🚨 Potential for a Bearish Pullback 🚨 Gold (XAUUSD) is showing signs of a potential downward move after rejecting a key resistance level. If this momentum continues, we could see the price heading towards the support zone at 2680/2670. 💡 Key Insights: 📌 Market rejection at resistance = possible bearish momentum. 📌 Target support area: 2680/2670. 📌 Risk Management: Stick to 1-2% risk on trades. ⚠️ Historical Note: When the market last hit an all-time high, it saw a sharp one-day drop. Stay cautious! 💬 Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively.
OANDA:XAUUSDShort
by MrStellanSight
3
#BHARTIARTL - Potential Trend Line Break Out📊 Script: BHARTIARTL Key highlights: 💡⚡ 📈 VCP formation in Daily chart. 📈 Price gave a good up move, then went Side Ways 📈 wait for more consolidation near Resistance / Trend Line 📈 Enter on BO when spike in Volume is seen 📈 MACD Bounce 📈 One can go for Swing Trade. BUY ONLY ABOVE NA DCB ⏱️ C.M.P 📑💰- 1644 🟢 Target 🎯🏆 – NA% ⚠️ Stoploss ☠️🚫 – NA% ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Boost, Like and follow to never miss a new idea! ✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with MMT. Cheers!🥂
NSE:BHARTIARTLLong
by MMT_MakeMoneyTrading
Persistent Systems: A Promising Opportunity?Persistent Systems is currently trading in an ascending channel, indicating an ongoing uptrend 📈. After correcting nearly 20% from its all-time high (ATH)—which coincided with the channel top—it has now broken above a key trendline with strong volume and a wide-range bullish candle 💪. 📊 Key Technical Analysis: 🎯 Entry: ₹6,365 ⛔ Stop Loss (SL): ₹5,538 (closing basis) 🏁 Targets:T1 (Previous ATH): ₹6,790 (+7%) Positional Target: ₹7,681 (+21%) Long-Term Target: ₹9,094 (+43%) 📌 Technical Highlights: 1⃣Persistent has bounced back from the 50 DMA, showing strong respect for this critical support level 2⃣Closed above the 50 DMA with a strong bullish candle (minimal upper wick, significant volume). 3⃣Trendline Breakout 4⃣RSI is rising, indicating upward momentum. 5⃣Channel top could act as resistance—keep an eye on price action near T1 levels. 🧮 Position Sizing:Start with 20-30% of your planned allocation at ₹6,365. If ₹6,790 is broken with volume, consider adding more. Partial profits can be booked at T1, with the remainder trailed for higher targets. ⚠️ Respect the SL (Stop Loss), as it represents a 12.45% risk. 📈 Why Persistent Systems Looks Attractive for Long-Term Consideration: 1. 🌟 Growth Drivers: AI Integration: AI is a core focus for Persistent’s growth strategy, with significant investments in AI-driven solutions 🤖. Strategic Acquisitions: Acquisitions like Starfish Associates (contact center modernization) and Arrka (digital governance and AI cybersecurity) enhance Persistent’s offerings. 📊 Revenue Momentum: The company has reported 18 consecutive quarters of revenue growth, recently achieving a robust 18.4% YoY increase. 🏆 Industry Recognition: Named the fastest-growing IT services brand in the 2024 Brand Finance India 100 report, highlighting its competitive edge. 2. 🛠️ Expansion Plans: Focused on AI-led, platform-driven services to drive innovative solutions for clients. Strengthened executive leadership to support non-linear growth through mergers, acquisitions, and large deals. 3. 💹 Respecting Key Support Levels: Persistent has consistently respected the 50 DMA, a strong indicator of investor confidence and support at this level. These factors, coupled with the company’s strategic focus on AI and consistent execution, make Persistent Systems an attractive consideration for long-term investment. 🌍 Broader Sector Context: The IT sector is holding up well despite market volatility, and Persistent’s positioning in emerging technologies like AI ensures it is aligned with future trends 🔮. 💡 Final Thoughts: This trade is against the trend, so trade light and manage risk effectively ⚖️. The channel top could pose resistance, but the overall structure and long-term prospects are promising. The probability of trades failing is high when the market is in a downward trend. Please keep that in mind. If you find this analysis insightful, like and share to help others make informed decisions 👍. Follow me for more educational trading ideas and detailed stock analysis 📚. ❗ Disclaimer: This is for educational purposes only. Please consult with your financial advisor before making any trading or investment decisions.
NSE:PERSISTENTLong
by sagartharayil
USD/JPY Rebounds as JPY Weakens Amid Market OptimismThe Japanese Yen (JPY) weakened after reaching a one-month high against the US Dollar and remained steady during the first European trading session on Tuesday. A general positive sentiment in the stock markets turned out to be the main factor weakening the safe-haven JPY. This, along with a modest recovery of the US Dollar (USD) from its two-week lows, helped the USD/JPY pair rise back above the 155.00 level. However, any significant depreciation of JPY seems to be limited due to growing bets that the Bank of Japan (BoJ) will raise interest rates later this week. Furthermore, comments from US President Donald Trump on tariffs have sparked concerns about a trade war, along with declining US Treasury yields, which may help limit the losses for JPY. Traders may also choose to wait for the important two-day BoJ meeting starting on Thursday.
TFEX:USDJPY1!
by Brigi_ta
EUR/USD stays below 1.0400 after Trump's tariff commentsThe EUR/USD pair is currently facing strong selling pressure, trading around the 1.0380 level during the Asian session on Tuesday, after partially recovering from recent losses. The Euro continues to be negatively impacted by expectations of a dovish stance from the European Central Bank (ECB). The market expects the ECB to continue cutting interest rates by 25 basis points in upcoming policy meetings, due to concerns over the Eurozone's economic outlook and low inflation. These expectations are further reinforced by the belief that inflation in the Eurozone will remain stable near the ECB's 2% target, while uncertainty surrounding US trade policies is increasing. Technically, key support levels for EUR/USD are at 1.0260 and 1.0180, with a strong resistance level at 1.0410. If EUR/USD fails to hold above these support levels and breaks through them, the downtrend may continue, with the next target potentially being 1.0100. Traders may consider selling if the pair continues to decline and fails to break the resistance level at 1.0410. A sell entry could be placed at 1.0400, with profit targets at 1.0260 and 1.0180. Be sure to set a reasonable stop loss (SL) at 1.0450 to protect the account in case of an unexpected market reversal. In conclusion, with the combination of bearish fundamentals and technical signals, EUR/USD may continue its downtrend if it breaks the key support levels of 1.0260 and 1.0180. Traders should pay close attention to these levels for potential selling opportunities.
by Brigi_ta
IRCTC Long Idea......IRCTC looks good for reversal. It is forming cup and handle pattern. Currently in Handle structure. 2-3 Quaters down the line it may touch ATH. Targets are given in chart. SL for safe traders is trendline it was taking support on. Risk management is Priority. Need to consider broader market conditions before taking position as swing. I am personally going to average at horizontal support if at all it comes. NOTE : Fundamentals are good. Top line 3Y sales growth CAGR = 77% , Bottom line 3Y Profit growth CAGR = 90%. Good ROE. No peer to compare P/E as Monopoly & P/E,P/B < median I'm personally buying it whenerver falls 5-10%.
NSE:IRCTCLong
by sfk1229
ICICIGI - Trend Reversal ? ICICI Lombard General Insurance Company Ltd is a leading private sector general insurance company in India. Technical Analysis: Weekly: Bullish Harami Daily Time Frame: Hammer formed on 3rd Jan, volume slightly up Publishing 2-Hour Chart, as Overall market trend is negative/downtrend. Observe the chart for trendline breakout. On weekly, it's near the 0.65 level, which is crucial. Entry points are mentioned in the chart. Please share your view.
NSE:ICICIGILong
by Vikrant_Mighty
VISAKAIN: Prepared for a 20% RallyThe chart of VISAKA provides delineates critical price thresholds that signify breakout point, along with specific support level that serve as indicators of where buying interest may manifest. Additionally, the chart highlights regions likely to act as resistance point for future price ascension, allowing for informed decisions on entry and exit strategies. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions
NSE:VISAKAINDLong
by NiftyNotions