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Gold until 74450 not break uptrend will continue 76080,76290 tgtDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!Long
by JaiPrakashShuklaHarmonicTrader
XAUUSD until 2621 not break uptrend will continue 2695,272TargtDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
Maruti - Up, Up & Away in the 5th Wave Above12555 Disclaimer: This is not a solicitation to buy or sell; please consult your financial advisor before making any trading decisions As discussed earlier on 1st Sep Idea, Maruti’s performance above 12555 was critical. Now, the stock is pushing Up & Up & Away with new highs beyond 13680 in sight. Will it break the upper trendline and complete the highly anticipated Wave 5 in the Elliott Wave Structure ? Last Idea - 1st Sep 2024 : Maruti Suzuki - Will it fly Above 12555 Regards, WaveTalks
NSE:MARUTILong
by WaveTalks
4
XAUUSD - Financial Insights 26/09/2024Summary: Things are getting worse, slowly but worse, XAUUSD will reach 3K at the end of this year 1. Title: Xi’s Economic Adrenaline Shot Is Only Buying China a Little Time Source: Bloomberg Problem: China's economy faces a deflationary slump due to a property market crash, weak consumer demand, and trade tensions. Solution: The central bank launched aggressive easing measures, including interest rate cuts, more liquidity, and housing incentives. Result: Markets surged, but economists warn these actions provide only temporary relief without deeper reforms. Prediction: Further fiscal policies and structural reforms are needed to avoid long-term stagnation and drive sustainable growth. 2. Title: China Cuts One-Year Policy Rate by Most Ever in Stimulus Drive Source: Bloomberg Problem: The Chinese economy faces potential deflationary pressures, prompting the need for significant monetary stimulus. Solution: The People’s Bank of China (PBOC) cut the medium-term lending facility rate by 30 basis points to 2%, initiating a broader stimulus package to boost economic confidence. Result: The yuan strengthened, and Chinese stocks gained, with expectations for further monetary easing, including future rate cuts on reverse repurchase notes. Prediction: Analysts anticipate additional rate reductions and liquidity measures to support the economy, aligning funding costs more closely with market rates in the coming months. 3. Title: OECD Upgrades UK Growth by Most in G-7, Warns on Inflation Source: Bloomberg Problem: UK faces high inflation, with the BOE struggling to meet its 2% target. Solution: The government plans to increase investment, focusing on infrastructure and the green transition. Result: UK growth forecast upgraded to 1.1% in 2024 and 1.2% in 2025, but inflation remains high. Prediction: BOE may delay interest rate cuts due to persistent inflation and wage pressures. 4. Title: Global Economy Moves Beyond Inflation Crisis to Stable Growth Source: Bloomberg Problem: The global economy faces risks from geopolitical tensions, soft labor markets, and potential financial market upheaval as inflation eases. Solution: Central banks can cautiously cut interest rates while monitoring data closely, avoiding rapid reductions. Result: OECD projects global growth to stabilize at 3.2% for 2024, with moderating inflation expected in G20 nations by the end of 2025. Prediction: While growth forecasts for the US and euro area remain steady, the OECD warns of significant risks that could impact the global economic outlook. 5. Title: Danish Central Bank Slashes Inflation Forecasts as Wages Cool Source: Bloomberg Problem: The Danish labor market pressure has eased, but there are concerns about potential inflationary risks from the government's proposed 2025 budget. Solution: The central bank has reduced its inflation forecasts for 2024 and 2025, anticipating slower wage growth due to a less tight labor market. Result: Inflation is now forecasted at 1.3% for 2024 (down from 2.2%) and 2.1% for 2025 (down from 2.6%), indicating a more stable economic environment. Prediction: The central bank warns against loosening fiscal policy too soon, as it could destabilize the current balance in the labor market. 6. Title: BOE’s Greene Calls for ‘Cautious’ Approach to Rate Cuts Source: Bloomberg Problem: Strong wage growth and resilient economic activity pose risks, prompting concerns about inflation remaining sticky in the UK. Solution: BOE policymaker Megan Greene advocates for a cautious and gradual approach to interest rate cuts, ensuring that inflationary pressures have subsided before making significant changes. Result: The market reflects skepticism about immediate rate cuts, with current pricing suggesting a cut in November but a 60% chance of a follow-up in December. Prediction: Greene emphasizes the need for ongoing observation of wage trends and consumer spending to gauge future monetary policy adjustments. 7. Title: Fed's Bumper Rate Cut Revives 'Reflation Specter' in US Bond Market Source: Reuters Problem: The Federal Reserve's aggressive rate cuts raise concerns about re-igniting inflation in the U.S. economy. Solution: The Fed's 50 basis point rate cut aims to recalibrate its approach, focusing on maintaining a strong labor market while managing inflation. Result: U.S. bond yields have risen as investors reassess inflation expectations, reflecting uncertainty over future economic conditions. Prediction: A gradual return to higher inflation could impact bond markets, and the central bank may need to adjust its strategy if inflation does not remain subdued. 8. Title: Investing.com Poll: Where do you see gold prices by the end of 2024? Source: Investing.com Problem: Gold prices have recently surged, driven by the Federal Reserve's rate cut and investor sentiment. Solution: Analysts expect ongoing rate reductions, which make gold more attractive as a non-yielding asset. Result: Gold prices have rallied over 5% this month, defying historical trends for September. Prediction: While traders anticipate potential cooling in gold returns, any downside is likely to be limited, suggesting a strong long-term outlook for the metal. 9. Title: With Fed Easing Underway, What's Next for Markets? UBS Weighs In Source: Investing.com Problem: The recent rate cut by the Fed raises questions about future economic conditions and market stability. Solution: UBS believes the rate cut signals a willingness to support the economy, but emphasizes the need for clear labor market data to ensure a soft landing. Result: Markets have reacted positively to the rate cut, but uncertainty remains regarding the ultimate impact on growth and inflation. Prediction: A "Roaring '20s" scenario is considered an upside risk, but market volatility could re-emerge as investors seek clarity on the economy's trajectory. 10. Will Fed policy trigger a US recession? Claudia Sahm: Does not believe the US is currently in a recession, despite her namesake "Sahm rule" being triggered. Is concerned about the direction of economic indicators, with payroll gains slowing and unemployment rising. Puts higher odds of recession now than earlier in the cycle, but doesn't provide a specific percentage. Believes the Fed is at risk of making an "unforced policy error" if they don't cut rates soon enough, potentially leading to an unnecessary recession. Bill Dudley: Puts 50-60% odds of a recession in the next 12 months. Believes the Fed is "a bit behind the curve" in reducing interest rates given increased economic risks. Thinks a soft landing is possible but historically difficult for the Fed to achieve. Expects any potential recession to be mild due to strong household and business balance sheets. Rob Kaplan: Seems less concerned about recession risk than Dudley. Believes the job market is softening as intended, but not "falling out of bed." Thinks the Fed may be tactically behind by "a meeting or two" but not strategically behind. Expects the Fed to likely cut rates in September, November, and December, despite potentially hawkish rhetoric. 11. Title: Powell Emerges Stronger After Leading Fed to Big Rate Cut Source: Bloomberg Problem: Federal Reserve officials were divided on how aggressively to cut interest rates, amidst weak jobs data and inflation pressures easing. Solution: Chair Jerome Powell advocated for a significant 50 basis point rate cut to safeguard against potential risks to the labor market. Result: The majority of Fed officials supported the larger cut, reflecting Powell's strengthened leadership and consensus around his approach to manage economic risks. Prediction: If labor market data continues to disappoint, another substantial rate cut could occur in the future, as Powell aims to ensure a soft landing for the economy. 12. Title: Gold price consolidates below all-time peak, awaits Fed Chair Powell’s speech Source: Investing.com Problem: Gold prices are confined below their all-time peak due to rising US yields and a strong USD, creating uncertainty in the market. Solution: Traders are awaiting comments from Fed Chair Jerome Powell and other influential FOMC members, which may influence expectations for another 50 bps rate cut in November. Result: Current gold prices are stable around $2,650, supported by dovish Fed expectations and geopolitical tensions, despite technical indicators suggesting overbought conditions. Prediction: Upcoming economic data and Powell’s speech will be critical in determining gold's direction, with potential fluctuations as traders evaluate the likelihood of further rate cuts and their impacts on market sentiment.
OANDA:XAUUSD
by TheChartist_Code2trade
Zee Media Corporation - Triangle Breakout on Monthly Time FrameThe stock is forming a strong triangle breakout on the monthly time frame, with solid support being held at the green trendline, which has served as a foundation for the price action. A second elevated green trendline shows that buying momentum has accelerated recently, indicating stronger demand. The red line marks a significant counter-trendline, while the white dotted line highlights a hidden resistance, which could offer short-term resistance. However, a breakout above these levels could lead to a powerful move upward. One of the most notable features of this chart is the cluster of increasing volumes over time, indicating accumulation. These volumes suggest that market participants are stepping in with conviction, and the steady rise in volume reinforces the potential for a continued bullish trend as the stock approaches key resistance levels.
NSE:ZEEMEDIALong
by Averoy_Apoorv_Analysis
2
NIFTY 50 DAILY UPDATE - PROJECTING WAVE 5Hello, Just zoom out daily chart you can clearly see wave 3 is extended. Elliot wave - The Guideline of Equality says that two of the motive sub-waves in a five wave sequence will tend toward equality, which is generally true of the non-extended waves. This means that, when Wave 3 of an impulse wave is the extended wave, Wave 5 will approximately equal Wave 1 in price. This is useful for potentially projecting the end of Wave 5 in an impulse if you recognize Wave 3 as an extended wave. According to this guideline Nifty 50 wave 5 Target is - 26203.
NSE:NIFTYLong
by KardamRishi
VEDL Chandi Jaisa Rang Hai Tera Ghode Jaise Chal VEDANTA (Shines like Silver & runs like a Horse) VEDL is in a Bullish impulse wave since Covid bottom & did a golden retracement in wave 2 in from 440.75 in April 2022 to 208 in Sept 2023 now Wave (3) has started & we are about to complete wave 1 of (3) what should follow is Wave 2 correction in Wave (3) so 560-570 should be levels to be cautious on upside for a pullback of the impulse started from Sept 2023 bottom. The larger structure remains bullish a 3 wave or 7 wave pullback will be the zone to create fresh longs. (Note VEDL is positively correlated with silver which is also in bullish structure)
NSE:VEDLLong
by churiwalvikram
#Nifty directions and levels for September 26th.Good morning, friends! 🌞 Here are the market directions and levels for September 26th. Market Overview: There have been no significant changes in the global and local markets; both maintain a bullish bias. Today, the market is expected to open neutral to slightly positive, with SGX Nifty indicating a rise of around +60 points as of 8 AM. In the previous session, both Nifty and Bank Nifty continued consolidating. However, it seems a breakout may occur this session, as GIFT Nifty is suggesting a gap-up opening. If this gap-up sustains, we can expect the rally to continue. We had previously discussed that this could be a sub-wave 5th. So, if the breakout has a solid structure, the trend is likely to continue. Conversely, if the movement is gradual, the rise may be limited. We'll explain this further in the charts. Both Nifty and Bank Nifty reflect the same sentiment. Nifty Current View: The current view suggests that if the first move consolidates around the supply zone (MSZ), Nifty could reach a maximum of 26,146. Conversely, if the first move breaks the supply zone with solid momentum, the rally may continue, with some consolidation around 26,220. This is our first scenario. Alternate View: The alternate view suggests that if the market declines or faces rejection near the supply zone, the range may hold. However, the precise move is if the rejection breaks the 38% Fibonacci level of the minor swing, it could extend to a minimum of 78%, reaching 25,833.
NSE:NIFTY
by Manickamtraders
3
#Banknifty directions and levels for September 26th.Bank Nifty Current View: Bank Nifty mirrors Nifty's sentiment. If the first move consolidates around the supply zone (MSZ), it could reach a maximum of 54,498. Conversely If it breaks the supply zone with strength, the rally may continue with some consolidation around 54,655. This is our first scenario. Alternate View: The alternate view for Bank Nifty suggests that if the market declines or faces rejection near the supply zone, the range may persist. However, the precise move is if the rejection breaks the 38% Fibonacci level in the minor swing, it could extend to a minimum of 78%, reaching 53,699.
NSE:BANKNIFTY
by Manickamtraders
[BANKNIFTY] INSTITUTIONAL LEVELS FOR 26/09/2024NSE:BANKNIFTY QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets. NSE:BANKNIFTY
NSE:BANKNIFTY
by tony_fx_sm
[NIFTY50] INSTITUTIONAL LEVELS FOR 26/09/2024NSE:NIFTY QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets. NSE:NIFTY
NSE:NIFTY
by tony_fx_sm
HDFC - Will it take U-Turn ? - Close from 1800 Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers! Can you hear them?........... Will the Giant Take a U-Turn after achieving all the targets 1555 was the first in the series .... Possible Reasons for Next Expected Move Possible Double Top at 1794 ( Will be valid until holds below 1800) Pattern Thrust from 1630's - Key level Elliott Wave - Corrective Sequence could be completed from the support zone 1375 - 1390 to 1800 approx highs .or about to end .mentioned in the connecting 1st idea published on 27th Jan 2024 - The Bullish Gartley Bullish Gartley Idea ( 1375 - 1800..) - 1st Idea of the Series in Jan 2024 Enjoying Target 1 - 1555 in April 2024 Nifty at 26000 - We are almost close to 27600's Target ...Can we achieve the dream run or we correct & later push towards From WaveTalks Good Night
NSE:HDFCBANKShort
by WaveTalks
7