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NTPC Continuing Bullish TrendNSE:NTPC Continuing Bullish Uptrend, After making Election Results High those levels acted as Resistance, and now that Resistance is acting like a support on a daily timeframe, today was a Vol. Spurt because of Value Unlocking of NTPC Green Energy IPO News. Keep a Close Watch Ahead. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making any investment decisions.
NSE:NTPCLong
by Karanshah137
CNXIT BULLISH ! 1. Resistance Breakout: - The index has historically faced selling pressure at 38,653 - 38,405 Zone, causing it to reverse or pause its upward movement. - When a stock breaks above a strong resistance level, it means that buying demand has overwhelmed the selling pressure at that price point. This breakout is a positive sign, indicating that the chart may move higher, especially if it is a clean break (i.e., it closes significantly above the resistance level). - The **strength of the breakout** is often measured by the volume of trading activity. If the breakout occurs on **high volume*, it indicates that a large number of market participants are involved, adding credibility to the When a stock breaks through a strong resistance level and retests that level with good volume, it can signal a strong bullish move. Here's a detailed breakdown: 2. Retest of the Resistance Level: - After the breakout, it’s common to see a retest of the previous resistance level, which now acts as a support level. This retest occurs as some traders may take profits, or there may be some temporary selling pressure as the market re-evaluates the new price. - If the stock successfully holds above the previous resistance (now support) on the retest, it confirms that the breakout was valid. This gives bulls (buyers) more confidence that the level will hold and that the stock has further upside potential. 3. Volume Confirmation: - A retest with good volume is essential. If the stock holds the new support on strong volume, it signals that buyers are stepping in to defend the level, further reinforcing the idea that the stock is in a bullish phase. - Conversely, if the retest occurs on low volume, it may indicate a lack of conviction from buyers, and the breakout may be prone to failure. 4. Bullish Expectations: - When a stock breaks out of resistance and successfully retests it with strong volume, the expectation is that the stock will enter a new bullish trend. The prior resistance has now been transformed into a solid base of support, and the stock may experience momentum buying, pushing prices higher. - Traders often see this scenario as a low-risk, high-reward setup. Their stop-loss would typically be placed just below the new support level, while the upside target could be based on previous price patterns, such as Fibonacci extensions or previous highs. 5.Target : - it is on its all-time high targets on fib zones,pivots 0r based on future price action basis. # Summary: - **Breakout of strong resistance Indicates potential for higher prices. - **Retest of resistance as support Confirms strength of the move if support holds. - **Good volume on retest: Adds confidence in the bullish move. - **Bullish expectation Likely continuation of the upward trend. This combination forms a high-probability bullish setup in technical analysis. #cnxit #itsector #nifty
NSE:CNXITLong
by Sateesh07
#XAU Large sideways amplitude, accumulating for an upward cycle.Trading trend analysis for September 12, 2024: As noted on September 11, 2024, gold prices have yet to break the resistance level of 2527 - 2531, and prices continue to move sideways within the H4 timeframe. Currently, this sideways range is quite broad: 2483 - 2531. However, the D and W timeframes indicate that this is a bullish accumulation phase. Today's trading trend: SELL. Key price levels to watch: SELL zone: 2519 - 2524 and 2527 - 2531. BUY zone: 2508 - 2511, 2500 - 2505, and 2490 - 2495. Recommended orders: Plan 1: SELL XAUUSD zone 2519 - 2521 SL 2524 TP 2516 - 2510 - 2500 - 2495. Plan 2: SELL XAUUSD zone 2527 - 2529 SL 2532 TP 2524 - 2515 - 2505 - 2495. Plan 3: BUY XAUUSD zone 2493 - 2495 SL 2490 TP 2500 - 2510 - 2520 - 2525.
OANDA:XAUUSDShort
by oakpotshy
Asian Paints - Consolidating beautifully !!!Asian Paints is a large cap stocks and a market leader in paint industry. It has been consolidating beautifully, and we can see it moving towards ATH. Other factors: 1. RSI is improving 2. Steady volumes showing consolidating in a range 3. High delivery ratio from quite some-time 4. TTM topline and profitability is second best as compared to prior years 5. DIIs have increased stake "Cleaneasycharts" Learning & Earning!!! Cheers!!!
NSE:ASIANPAINTLong
by Cleaneasycharts
CPI news: Will it reach a new peak or maintain a sideways range?Market analysis for XAUUSD trading on September 11, 2024: The trading session on September 10, 2024, continued the upward trend of gold, with corrective movements unable to change the direction. However, the H4 timeframe is currently in a sideways range; the area between 2525 - 2531 remains very strong. It is highly likely that during the Asian session, this resistance zone will not be broken. Today's trading trend is: BUY. Key price areas to note: BUY zone: 2500 - 2505 and 2510 - 2513. SELL zone: 2525 - 2531 and 2538 - 2542. Recommended orders: Plan 1: BUY XAUUSD zone 2510 - 2512 SL 2507 TP 2515 - 2520 - 2525 - 2530. Plan 2: BUY XAUUSD zone 2500 - 2502 SL 2497 TP 2505 - 2510 - 2515 - 2525. Plan 3: SELL XAUUSD zone 2525 - 2527 SL 2530 TP 2522 - 2517 - 2512 - 2505. Wishing you all a successful trading day.😘😘😘😘😘😘😘😘😘
OANDA:XAUUSDShort
by oakpotshy
#XAUUSD/H1 Adjustment rhythm creates momentum, surpassing peaks.Analysis of XAUUSD gold trading trends for the European-American session on September 10, 2024: As noted on September 9, 2024, gold prices have increased at the beginning of the week. However, the upward momentum does not appear strong; a deeper correction is needed to build momentum for a breakout. Current expectations may target the 246x or 247x area. Today's trading trend: SELL. Key price levels to watch: SELL zone: 2511 - 2513 and 2518 - 2522. BUY zone: 2498 - 2501 and 2482 - 2486. Recommended orders: Plan 1: SELL XAUUSD zone 2511 - 2513 SL 2516 TP 2508 - 2500 - 2490 - 2475. Plan 2: SELL XAUUSD zone 2519 - 2521 SL 2524 TP 2516 - 2510 - 2500 - 2475. Plan 3: BUY XAUUSD zone 2471 - 2473 SL 2468 TP 2476 - 2485 - 2495 - 2565 - open.
OANDA:XAUUSDShort
by oakpotshy
#XAUUSD/H1 Strong upward momentum, establishing a new peak.Trading trend analysis for September 9, 2024: After creating a candle wick on the M timeframe, the gold price has closed with a strong wick on the D and W timeframes. The gold price has not yet surpassed the peak of 2531; however, it is certain that the gold price will exceed this peak to reach levels of 2538-2542, 2548-2553, or 2565-2570. The trading trend will be BUY. Key price zones to note: BUY zone: 2482-2485 and 2494-2496. SELL zone: 2505-2508 and 2522-2525. Recommended orders: Plan 1: BUY XAUUSD zone 2482 - 2484 SL 2479 TP 2490 - 2500 - 2510 - 2525. Plan 2: BUY XAUUSD zone 2494 - 2496 SL 2491 TP 2500 - 2505 - 2515 - 2525. Plan 3: SELL XAUUSD zone 2523 - 2525 SL 2528 TP 2520 - 2515 - 2505 - 2495.
OANDA:XAUUSDShort
by oakpotshy