Get started

Wave Analysis

GOLD/USD (XAU/USD) 1 D Analysis: A Potential Breakout ?The price was moving upward, indicating a bullish trend after breaking previous structures. Then, a change of character (CHoCH) occurred, signaling a potential shift in price action. Following this, the price formed an ascending triangle pattern, suggesting a period of liquidity accumulation. This accumulation might lead to a potential breakout and further upward movement. NOTE - We may be 100% wrong . It's not a buy/sell recommendation, just for educational purpose only! (Liquidity is denoted by $)
CAPITALCOM:GOLD
by Saurav3697
evergreen stock CRISILPrice looks ready for above targets after breakout. Ratings Business (28% of revenues) India’s premier ratings agency having rated 35,000+ large and medium-scale entities. This is the most profitable business of company and accounts for 51% of total profits while contributing only 28% of revenues. The company separated its credit ratings business into a wholly owned subsidiary, CRISIL Ratings Ltd pursuant to changes in SEBI regulations
NSE:CRISILLong
by TechnicalAnalystSucrit
The directional V shaped signal Dr Reddy CMP 1246 Fib Analysis- I have done fib analysis on the three major swings in this counter. The first swing correction halted at 61.8%. this was an indication that the bull trend was weakening. The second swing correction halted at 50% taken from top and bottom. this was an indication that the stock was not expanding. The 3rd swing correction halted at 38.2% the grid forming from top and bottom of the swing. This swing has something more it is a directional signal which is an inverted V. Hence to me the uptrend is over. Since the stock has halted at support we will witness a rally, but this rally will the last opportunity to exit this counter.
NSE:DRREDDY
by singh17vivek
silver Divergence TradingTrend lines are among the most accurate buy and sell indicators, along with simple moving average, stochastic, moving average convergence divergence, and relative strength index being the top trading indicators that help traders analyze the market signals effectively. The best divergence indicators mt4 are MACD, RSI, stochastic, OA. They are user-friendly and simple but provide quite accurate trading signals. You can learn more about stochastic oscillator trading forex in the article Stochastic Oscillator: guide for using indicator in Forex trading.
NSE:BANKNIFTY
by SkyTradingZone
3
ASHOKLEY - To hit 290 in the coming weeks?Ashok Leyland - CMP 222 The stock looks ready for a good upmove provided the recent swing low of 200 holds Wave counts and technical Patterns (Rounding Bottom breakout) everything points the target towards 290 for the short-medium term Refer to the chart for counts on various Degree/TF and Technical Patterns Vth of Primary 3rd is now underway. On hourly TF, price broke above the falling trendline and broke the LH/LL structure.. There could be one more dip towards 210 levels.. and thereby make a double bottom structure but this current impulse could take the script to AVWAP from the TOP at 230 levels.. A good script to consider for Dec/Jan series
NSE:ASHOKLEYLong
by Murthy_Santhosh
7
Ashokley - Dont be deceived by inv H&S - Pullback is dueCMP: 231.79 TF: 90 minutes First and foremost, my primary view is BULLISH on this counter (positional/investment) for a detailed view on the larger TF, read my analysis at Key Highlights/Positives: - Price successfully broke the swing high at 230.45 and negated the LH-LL structure. So, any pullback is a buying opportunity with the SL of 214 - Price closed above all key moving averages on Daily TF - On hourly you can spot Golden Crossover (50 EMA taking out 200 EMA) - very good bullish sign - On Shorter TF, Inverted H&S formation is seen and the price is trading above the neckline.. Potential target is 250-260 - Price has broken and trading above the AVWAP from the TOP Challenges/Negatives/reasons for Pullback: - There is an unfilled GAP at 225 area - On daily, price is trading inside the cloud. Could face resistance at 240 - From 264 to 202, the price was falling in a single leg.. No corrective structure seen/observed .. This marks a case for, - Either a deeper pullback to form double bottom structure (Blue line marking zig zag from the top) - Or a sideways move like 3 rise method (keeping the red trendline intact) and sharp bounce thereafter Again, for investors, it is a hold and add on dips.. but for short term traders, it is a wait and watch game for now.. Always focus on LOW Risk Set ups.. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:ASHOKLEY
by Murthy_Santhosh
NIFTY INTRADAY LEVELS FOR 13/12/2024BUY ABOVE - 24630 SL - 24570 TARGETS - 24700,24760,24860 SELL BELOW - 24500 SL - 24570 TARGETS - 24420,24340,24250 NO TRADE ZONE - 24500 to 24630 Previous Day High - 24700 Previous Day Low - 24500 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
#Banknifty directions and levels for December 13th.Bank Nifty Current View: This also looks like the Nifty sentiment; if the market opens with a gap-down, it could reach a minimum of the 78% Fibonacci level. After that, if it sustains or breaks the level of 78%, then the correction will continue to the demand zone. If it finds support there, we can expect a minimum bounce back of 23% to 38% in the minor swing. On the other hand, if it consolidates or breaks below, then the correction will likely continue. Alternate View: The alternate view suggests that if the market takes a solid pullback around the immediate support level and breaks the 38% level in the minor swing, it could re-enter the range-bound market, which means we can expect targets of a minimum of 78% to the channel top. This also indicates that until it breaks the 38% level, it could remain a bearish market.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY: INSTITUTIONAL LEVELS FOR 13/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
4