Volume
Gold on it’s target - Next Move BullishOur yesterday analysis went TRUE . As expected after reaching high gold came down for correction. As you all know today there is PMI news today, so market will come down and after that take upward momentum. So do wait for it and after that execute the trade.
Key point.
Support - 3348, 3335, 3329
Resistance - 3354, 3362, 3371
Any Query Reach Us or comment down
Rudra Vasaikar Wishes You A Great And Very Amazing Trading Life. Trade Safe, Trade Right.
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YESBANK: Riding the Bullish WaveYes Bank has exhibited a notable breakout above the resistance level established in December 2024. This breakout is accompanied by a classic flag pattern formation, which has resolved to the upside—typically interpreted by technical analysts as a continuation signal within an existing trend.
A significant increase in trading volume during the breakout phase adds weight to the move, suggesting heightened market participation. Furthermore, the 20-day EMA has crossed above the 200-day EMA, a crossover often referred to as a "Golden Cross" , which is generally viewed as a bullish signal indicating potential for continued upward momentum.
The RSI is currently positioned above 60, reflecting sustained buying interest without yet entering overbought territory.
From a structural perspective:
Immediate resistance may be encountered near the 24.75 level.
A secondary resistance zone appears around 28.54.
On the downside, the stock seems to have established a support base near 19.54, which could act as a cushion in the event of a pullback.
Disclaimer:
This analysis is intended solely for informational and educational purposes. It does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Market conditions can change rapidly, and all trading involves risk. Individuals should conduct their own due diligence or consult with a qualified financial advisor before making any investment decisions.
Gateway Distriparks Ltd: Technical CommentaryIn the latest trading session, Gateway Distriparks Ltd demonstrated notable technical strength. The stock successfully closed above both its 20D and 50D EMAs, indicating a potential shift in short- to medium-term momentum. Additionally, it managed to close above the 20-week EMA, which may suggest a broader trend alignment in favour of the bulls.
Volume analysis further supports this view, with a noticeable uptick in trading activity accompanying the price movement—often interpreted as a sign of institutional interest or increased market participation.
The RSI has crossed above the 65 level, a zone that is frequently associated with strong bullish momentum. This development may be interpreted by some market participants as a signal of continued buying interest.
From a price action perspective, the stock appears technically favorable in the range of ₹64, with a potential resistance zone near ₹85. A prudent risk management approach might involve monitoring for a close below ₹56, which could serve as a reference point for reevaluating the trade setup.
Disclaimer:
This analysis is intended solely for informational and educational purposes. It does not constitute investment advice or a recommendation to buy or sell any financial instrument. Market participants are strongly encouraged to conduct their own due diligence or consult with a certified financial advisor before making any investment decisions.
Engineers India – Technical Analysis & Trade SetupEngineers India Ltd has recently formed a rounding bottom pattern on the chart, a classic bullish reversal pattern that suggests a shift in momentum from bearish to bullish. The key resistance level lies at ₹210-212 price zone, and a breakout above this level with strong volume will confirm the pattern.
📈 Breakout Confirmation & Retest Zone :
A decisive close above ₹212 will mark a technical breakout, putting the stock at its 8-month high. Post-breakout, a retest of the ₹205–₹210 zone is likely. If the stock takes support and consolidates in this zone, it will indicate strength and readiness for the next upward leg.
📅 Fundamental Trigger – Q4 Results :
Investors and traders should closely monitor the Q4 results scheduled for 29 May. A strong earnings report could serve as a catalyst to support the technical breakout and sustain the uptrend. Conversely, a weak result may delay or invalidate the breakout momentum.
🎯 Targets & Price Action Outlook:
- Short-term buying range: Between ₹210 and ₹215.
- Immediate target: ₹250
- Next targets: ₹290 and eventually ₹300, which may take 3–4 months to achieve if the trend sustains.
- Stop loss can be placed at ₹185.
⚠️ Key Points to Watch:
- Volume confirmation on breakout above ₹212.
- Retest and support around ₹205–₹210.
- Q4 earnings impact on price action.
- Keep a disciplined stop-loss strategy based on risk appetite.
Jio Financial Services – Wave 5 Exhaustion? Retracement AheadJio Financial Services has completed a clean 1-2-3-4-5 Elliott Wave sequence, with each leg respecting Fibonacci levels well. From the Wave 4 low, price rallied and reached the 100% Fibonacci extension of Wave 1, marking ₹279.35 as a potential Wave 5 termination point.
Key Technical Signals:
Complete 5-wave impulse structure
Wave 5 = 100% of Wave 1
Bearish RSI divergence at the top
Volume shows signs of exhaustion
These signals suggest that Wave 5 may have ended and a corrective phase could begin.
Retracement Levels to Watch:
A retracement from the top is expected toward:
0.236 level: ₹270.55
0.382 level: ₹265.10
Price action in this zone will help determine if this is just a correction or the start of a larger reversal.
Indicators Used:
Elliott Wave count
Fibonacci levels
RSI
Volume
Timeframe: 2H
ESCORTS : BULLISH due to inverted Head & Shoulder
INVERTED HEAD & SHOULDER -
market made a clear inverted head & shoulder pattern and broke out of it indicating strong upward momentum for the stock
VOLUME SURGE -
market has shown strong volume surge with the breakout candle indicating strong upward pressure for the stock
PROFIT -
till 3266
4H Bitcoin Analysis — All Eyes on the Midline4H BINANCE:BTCUSDT Analysis
🔹 Cycle Structure Overview:
HWC (High Wave Cycle / Long-Term Cycle): Bullish 🔼
MWC (Medium Wave Cycle / Mid-Term Cycle): Bullish 🔼
LWC (Low Wave Cycle / Short-Term Cycle): Bearish 🔽
The market seems to be offering us a better entry opportunity, and since the higher-timeframe cycles (HWC & MWC) are both bullish, they carry more weight. That’s where our focus is. 📈
🔍 Channel Analysis:
We’ve drawn a clear ascending channel, and here are the key takeaways:
4 valid touches on the top of the channel, indicating buyer strength and a bullish bias.
3 confirmed touches on the bottom of the channel, supporting the structure.
What’s more important:
Price increases volume on the way up,
And volume fades during pullbacks — classic signs of bullish momentum. ✅
⏳ Current Situation:
Right now, price is stuck at the midline of the channel — which is a critical decision zone.
⚠️ If we bounce here, there’s a high probability we’ll head toward the channel top, possibly breaking out.
Also, pay close attention to volume behavior during the latest pullbacks — it’s been dropping, suggesting the correction is losing steam and buyers might be stepping back in soon.
🚫 About Short Positions:
While some may consider shorting if the midline breaks, remember:
That’s against the higher-timeframe bullish cycles.
If you still go for it, you need a tight stop-loss and aggressive partial exits.
Personally, I avoid fighting the bigger trend — not worth the trouble.
🎯 Long Setup Idea:
The key resistance at 102951 is our breakout level.
If price closes a 1H or at least a 15-minute candle above it, that’s your signal.
💬 Want a different coin analyzed next?
Drop it in the comments — if I see strong interest, I’ll cover it in the next update. ⚡
Without proper risk management, you're just a ticking time bomb. ⚠️
— PXA 📊
Range Ending? MWC Correction Might Be Running Out of SteamBINANCE:AVAXUSDT 4H Timeframe Analysis 🔍
🧠 Cycle Breakdown:
• HWC (High Wave Cycle / Higher Timeframe Cycle): Ranging 🔁
• MWC (Medium Wave Cycle / Mid-Timeframe Cycle): Bullish 🔼
• LWC (Low Wave Cycle / Lower Timeframe Cycle): Bearish 🔽
Right now, the HWC has little to no influence, so we focus on the current correction phase of the MWC. That puts us in favor of long positions, as we expect this correction to eventually resolve to the upside.
🔎 Price Structure & Strategy:
Look closely — candles have formed a 15-minute range box. That means a breakout from this box won’t give us a massive move immediately, but it can still offer a decent entry depending on direction.
Since I use a breakout-based strategy, I’ve marked out my key support and resistance levels:
20.20 is a good level to look for long setups.
19.31 is where I’d consider a short, but keep in mind: going short here is against the MWC, so you’ll need tighter risk control.
🎯 Take-Profit (TP) & Reaction Zones:
If price breaks upward:
21.40 is a solid level to partial TP or manage risk.
23.00 is a stronger resistance and has a higher chance of reaction.
⚠️ Important: If price breaks out of the 15-min range box, it’ll count as a valid breakout — but again, expect smaller initial momentum.
Personally, I’ll take partial profits at 21.40, or even fully close the trade, because price might reverse before hitting 23. If not closing, I’ll at least move to breakeven.
📊 Volume Observation:
During the last drop, volume decreased — that’s a typical sign of a correction phase within the MWC, and it aligns with our long bias.
If you'd like me to analyze a specific coin, feel free to drop it in the comments
Without proper risk management, you're just a ticking time bomb ⚠️
— PXA 📊
NIFTY daily Retrace 61% from bottomHello everyone,
Nifty spot 24340 consolidating since 2 weeks within range of 24000 to 24500 rsi negative divergnve is there on daily time aong with fibbonacci 61% retrace from bottom volume is not supporting bullish breakout away from 200 ema can expect bearish move till 23500 trendline support.
ETH Short Triggered — Here’s Why It Still Makes Sense
BINANCE:ETHUSDT Trade Breakdown – 🧠
🔹 Timeframe: 1H / 15min Trendline Focus
🔹 Position: Short
🎯 Cycle Overview:
• HWC (High Wave Cycle): Bullish 🔼 (but not strongly)
• MWC (Medium Wave Cycle): Ranging 🔁
• LWC (Low Wave Cycle): Weakly Bearish 🔽
Since this position is against the HWC (High Wave Cycle), I’ve reduced my risk. However, because the HWC is not strongly bullish and the MWC (Medium Wave Cycle) is ranging, taking a short position is still a valid option — as long as risk is properly managed. ⚠️
📈 Trendline Setup:
There are two key trendlines:
• Lower trendline on the 1H timeframe
• Upper trendline on the 15min timeframe
Both have 4 touches, which increases the probability of a breakout. I focus on breakouts in my strategy, so the number of touches matters.
The price was currently reacting to the lower trendline. Since it matched my breakout trigger, I entered short — but reduced my risk because it’s against the primary trend (HWC).
⚡ Also remember:
Trendlines that align with the main cycle direction tend to give stronger moves. So don’t just look at timeframe — the breakout direction matters too.
🔍 Volume & Price Action:
We've been ranging for 14 days, which builds potential energy for a sharp move.
The last touch on the trendline had a weak reaction, and volume is declining — which often signals an upcoming breakout.
🎯 Trade Details:
• Entry: 1798
• Stop Loss: 1802
• Target: 1750
🧠 Summary:
This setup matches my strategy criteria: clean touches, breakout trigger, weak reaction at the trendline, and volume confirmation. Despite being counter to HWC, risk was minimized accordingly.
Without proper risk management, you're just a ticking time bomb⚠️
— PXA 📊