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A strong rally likelyNifty CMP 23214 Fib- the Index as of now has taken the fib support at 23070. In my view this should hold. RSI- the oscillator is taking the bull support at price support. Hence this is positive. Elliott- the C wave rally in this counter should happen from here. This should take the Index back to 24800. That zone is also the neckline of the head and shoulders pattern. Conclusion- Since the C wave rally is the sharpest, this rally should happen very fast. Take this rally as an opportunity to book profits.
NSE:NIFTYLong
by singh17vivek
4
NIFTY at AVWAP Support - Can it give a decent bounce?Nifty is at AVWAP from the Oct'23 lows.. The last time, this VWAP was tested on June 4th.. In general, VWAPs offer decent support/resistance intraday.. Now this is on daily TF.. I am expecting the price to halt and give a decent bounce .. Wait for price action to confirm the view/thesis I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:NIFTY
by Murthy_Santhosh
DCW Ltd 74 % upmove possible on monthly chartHello Traders! 👋 Welcome to my TradingView profile! 🚀 Here, I share my insights, analysis, and trading strategies to help you navigate the markets with confidence. Whether you're a seasoned trader or just starting your journey, there's something here for everyone. 💡 What to expect: • Technical Analysis & Chart Setups 📊 • Market Updates & Trends 🌐 • Trading Tips & Strategies 🧠 • Interactive discussions and feedback 🤝 Your engagement means a lot to me! If you find my ideas valuable, don’t forget to like, comment, and follow. Let’s grow together and make smarter trading decisions as a community. 📩 Got a question or a suggestion? Feel free to drop a comment or message me. Happy Trading and Stay Green! 💰
NSE:DCWLong
by SNJY-TreDng-IDas
CYIENT - Wait and watch game now Please refer to my previous analysis on CYIENT for a detailed understanding/review. For now, Price is trading below 200 DEMA . A bounce/rebound attempt after the GAP filling has fizzled out and the price is trading lower. I wouldn't consider any longs until and unless we successfully trade above the 200 DEMA. As mentioned in my previous post, the rise was only 3 wave move, hence, one more low towards 1650-1600 was expected earlier on; and the current price move seem to be confirming the same. Here are the daily and weekly charts with wave counts Price is trading below the cloud on Daily and Weekly TF Action plan: The shorting Opportunity was very good at 2100 levels.. great risk reward .. On shorter TF, price seems to have done 5 wave impulse down. and is at 0.886% retracement level.. A bounce can't be ruled out.. Fresh shorts at this point looks risky. From trading perspective, 1920-1950 is a good level to consider shorting with good RR From investment perspective, 1600-1800 looks a good accumulation zone. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:CYIENT
by Murthy_Santhosh
APLAPOLLO - POCs EMAs and TrianglesChat markings are self explanatory.. but here is the brief summary anyways. On hourly TF, the price has successfully trading above the 200 period EMA. In the previous instances, when it traded above 200 HEMA, it moved about 10%. Based on the past pattern/price action, a retest of 200HEMA cant be ruled out (around 1550 levels) Also, POCs of the previous sessions are now acting as a strong resistance (1595-1600) 1600 CE has significant writers, unless the price moves and trades above, price movement will be subdued until then. The good news is that 10% of them have covered already, if the price moves swiftly, the rest of them also will cover and thereby propel the move on the upside if the price closes below 1540 on hourly, the GAP filling at the lows at 1400 levels cant be ruled out either. On Daily TF, price is trading within the Triangle and can attract supply at the higher levels. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:APLAPOLLO
by Murthy_Santhosh
Gold Trading Strategy for 14th January 2025Detailed Gold Trading Strategy Buy Strategy: Entry Point: Condition: Wait for the price to close above 2673 on a 15-minute candle. Trigger: Buy when the price moves above the high of the candle that closed above 2673. Targets: First Target: 2682 Second Target: 2690 Third Target: 2700 Stop-Loss: Set a stop-loss order below the low of the 15-minute candle that closed above 2673 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points below the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 2682, another portion at 2690, and the remaining position at 2700. Sell Strategy: Entry Point: Condition: Wait for the price to close below 2652 on a 15-minute candle. Trigger: Sell when the price moves below the low of the candle that closed below 2652. Targets: First Target: 2642 Second Target: 2634 Third Target: 2624 Stop-Loss: Set a stop-loss order above the high of the 15-minute candle that closed below 2652 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points above the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 2642, another portion at 2634, and the remaining position at 2624. Risk Management: Position Sizing: Use proper position sizing to ensure you do not risk more than 1-2% of your trading capital on a single trade. This helps to manage risk and protect your capital. Diversification: Avoid putting all your capital into a single trade or asset. Diversify your trades across different assets to minimize risk. Discipline: Stick to the trading plan and do not deviate from the strategy. Avoid making impulsive decisions based on emotions. Disclaimer: This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
THINKMARKETS:XAUUSD
by ramkkyy