Advanced Divergence TradingThough, divergence is typically used by technical traders when the price is moving in the opposite direction of a technical indicator. Positive divergence signals price could start moving higher soon.
Strong divergence is the most reliable type of divergence, often signaling a significant reversal. It occurs when the price makes a new high or low, but the indicator fails to do so, indicating weakening momentum.
X-indicator
technical trading Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
Technical Trades programs offer hands-on training, practical skills development, and industry-specific knowledge. These programs are designed to equip students with the technical skills and knowledge needed to enter the workforce directly after completion of their training.
Database in trading Price Data: Real-time and historical prices of stocks, commodities, and currencies.
Volume Data: Details on traded quantities within specific timeframes.
Order Book Data: Insights into buy and sell orders at different price levels.
Market Timestamps: Precise timing of trades and market events.
Postgres is an open-source production-ready database with lots of use cases. Mongo is a NoSQL alternative that can sometimes be much faster than SQL databases. Arctic is built upon Mongo to make it even more helpful for those who work with market data, as Arctic supports pandas dataframes and NumPy arrays by default
Nifty intraday levels 10 Jan 25FOR EDUCATION PURPOSE:
Dear traders, Here are the key levels for Nifty intraday (15m) timeframe and important support and resistance levels for intraday trading; it's based on the previous day's movement and the market trend.
Support levels:
23,574.25, 23,387.80, 23,201.35
Resistance levels:
23,618.30, 23,804.75, 23,991.20
Note: Intraday view only
Trade with patience and discipline.
JIOFIN - DOUBLE BOTTOM - 2HR CHART.JioFin has reversed from an old support, there is probability of it comleting the Double Bottom.
Hammer candle formation at 45min chart and RSI divergence is also visible.
If you like my analysis, please follow me as a token of appreciation :)
in.tradingview.com/u/SatpalS/
For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
Biggest Trendline Breakdown in BankNifty on Weekly Time Frame
In this analysis, we explore a critical development in BankNifty: a major trendline breakout on the weekly time frame. This trendline, originating from the significant lows of 2020, has been a crucial support for the index over the past few years. However, recent price action has resulted in a decisive breakdown, signaling potential bearish momentum.
The long-standing trendline, which has provided support since 2020, has been breached. This breakdown marks a pivotal shift in the trend and could indicate the start of a new bearish phase. The breakdown is confirmed by increased selling pressure, as seen in the rising volume. This indicates strong market participation in the move.
This breakdown could mark a significant turning point for BankNifty, and it’s crucial for traders to remain vigilant and adjust their strategies to align with the new market conditions.
Historical Context: A major trendline that ran from 2016 to 2020 provided robust support until it broke in 2020, resulting in a dramatic market crash of 40-50%. This historical precedent underscores the potential severity of the current breakdown.
Disclaimer: This analysis is for informational purposes only and should not be considered professional financial advice. Always conduct your own research and consult with a certified financial advisor before making any investment decisions. Trading in financial markets involves substantial risk and may not be suitable for all investors.
Prepare to BUY Spot PHAUSDT (D1-W Cycle)🚀 Prepare to BUY Spot PHAUSDT (D1-W Cycle)
🌟 Update on PHAUSDT signals – A potential BUY opportunity at this price range! 🌟
🌍 Market Overview:
PHAUSDT has retraced and is forming a potential bottom. This makes the current price range a favorable zone for accumulation before the next move.
📊 Trade Plan:
📌 Entry Point:
With Indicator: Look for confirmed BUY signals on D1 using your indicator setup.
Without Indicator: Accumulate around the current price zone – This is the optimal entry point based on technical analysis.
🎯 Target:
$0.5 – Aiming for a strong recovery and breakout.
⏳ Hold Time:
1 week – Aligned with short-term recovery cycles.
💡 Note:
For those without an indicator, follow the suggested entry zone and target for guidance.
🔥 PHAUSDT is at a critical accumulation zone – Prepare for a rebound! 🔥
Gold tests 2678, Where next..?Gold has been trading with a bullish bias and 1 hour 50 EMA 2664 acts as local demand zone.
As long as this zone 2665-2660 is active support, our view is that gold will continue to extend bullish advance towards 2685-2690 and further march towards 2700-2710 in near term.
If 2660 breaks, expect retracement towards support base 2650-2645
Break lower would signal a downward shift in short term trend which exposes 2620-2610
SAIL at support levelSAIL taking support of 50 MA in monthly timeframe (TF) & 200 MA in weekly TF. It is also at golden retracement level of 0.618.
Also, it is taking support of trendline.
For those who follow indicators, it is at supertrend on monthly TF.
Risk Reward ratio is too good to miss this.
Long The stock is approximately 56.9% undervalued relative to its intrinsic value of 4,137.50, suggesting a significant buying opportunity at the current price of 1,783.
Based on technical analysis and market trends, a correction to around 1,600 to 1,400 could be an ideal buy zone, offering even greater upside potential for investors looking to enter at a discounted price. However, starting to accumulate shares at 1,783 could still provide a strong entry point for those with a long-term horizon
Long As of January 2025, the intrinsic value of the stock is estimated to be 4,137.50. With the current stock price around 2,445, the stock appears to be approximately 41.0% undervalued, presenting a potential buying opportunity for long-term investors.
However, given the broader market correction, it's possible that the stock may experience further downside before reaching a strong support level. Specifically, the price could test 2,200, which looks like a potential ideal buy zone, followed by 1,924 as a secondary support level.
Despite the potential for further corrections, investors may consider starting to accumulate shares at the current levels. Given the significant undervaluation compared to the intrinsic value, this could position investors well for future gains.
Specialty Chemicals Sees Sharp Rise on Refrigerant Price Hike◉ Key Takeaways
● The phasing down of HFCs in the U.S. is driving significant changes in the refrigerant market.
● Indian specialty chemicals companies, particularly those involved in refrigerant production, are poised to benefit from this market shift.
● The demand-supply imbalance in the refrigerant gas segment is expected to persist, creating favourable conditions for industry growth.
◉ Introduction
On January 9, 2025, the Indian specialty chemicals sector witnessed a significant surge, driven by a sharp increase in refrigerant gas prices. This surge was primarily attributed to the phasing down of hydrofluorocarbons (HFCs) in the United States, as mandated by the U.S. Environmental Protection Agency (EPA).
◉ Market Dynamics
● Phasing down HFCs: The EPA aims to reduce hydrofluorocarbon (HFC) emissions by 85% over the next 15 years. This will impact the production and pricing of refrigerants.
● Refrigerant price increases: As HFC production declines, prices for existing refrigerants like R-410A and R-22 may rise. This could lead to higher costs for consumers and businesses.
● New refrigerant alternatives: The industry is shifting towards alternative refrigerants with lower global warming potential (GWP), such as R-32, R-454B, and R-1234yf. These alternatives may become more widely adopted and affordable.
◉ Impact on Indian Companies
The surge in refrigerant gas prices significantly benefited leading Indian players:
● SRF NSE:SRF and Navin Fluorine NSE:NAVINFLUOR : These companies were prominent beneficiaries, witnessing a remarkable 14% increase in their stock prices.
● Financial Gains: Analysts estimate that every $1/kg increase in R32 prices could boost SRF's EBITDA by ₹260 crore and Navin Fluorine's by ₹77 crore.
● Capacity Expansion: With SRF's production capacity for R32 at approximately 29,000 to 30,000 tons and plans for Navin Fluorine to double its capacity from 4,500 tons to 9,000 tons by February 2025, both companies are well-positioned to capitalize on this market shift.
◉ Wider Market Impact
The price hike triggered a broader rally in the specialty chemicals sector, with companies like Balaji Amines NSE:BALAMINES and Alkyl Amines NSE:ALKYLAMINE also witnessing stock price increases.
◉ Future Outlook
As the U.S. transitions to more environmentally friendly refrigerants, the dynamics of supply and pricing for these alternatives are likely to continue evolving. This evolving landscape presents significant opportunities for Indian specialty chemicals companies that are well-positioned to capitalize on the growing demand for these new-generation refrigerants.
NIFTY ready for the Bullish moveLooking at the structure nifty is ready to move to upside if it breaks the 200 EMA to upside and have some consolidaion with that.
Important levels: 23364, 23507
Support levels: Resistance chanel, 200 EMA
Plan of action:
wait for market to break the 200 EMA and retrace to the channel.
Market Analysis for 9 January 2025: Key Levels and InsightsStop-losses are placed near the levels of 23,500 and 24,200.
The market is currently not ready to break the 23,500 level.
The levels of 23,500 and 23,700 have become significant, with the market trading in a range between 23,700 and 23,500.
For now, the levels of 23,550, 23,650, and 23,750 should be monitored closely.
Today, the market closed above the 23,520–23,540 range, indicating a possible upward movement, as an "M" pattern has formed near the 23,500 level. and hence the market tried to find support at 23600 and 23500 key levels today.
If the market breaks 23,500 and then 23,465, sustaining below 23,440, it may move down to 23,350.
Currently, the market is moving within a parallel channel.
Disclaimer:
This analysis is for informational purposes only and not financial advice. Trade at your own risk.
Spandana Spoorty Fin Ltd view for Intraday 10th Jan #SPANDANA
Spandana Spoorty Fin Ltd view for Intraday 10th Jan #SPANDANA
Resistance 480 Watching above 481 for upside movement...
Support area 475 Below 475 ignoring upside momentum for intraday
Support 475 Watching below 474 or downside movement...
Resistance area 480
Above 480 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Reliance Industries Ltd view for Intraday 10th Jan #RELIANCE
Reliance Industries Ltd view for Intraday 10th Jan #RELIANCE
Resistance 1270 Watching above 1273 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Watching below 1238 or downside movement...
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Pre Market analysis for 10/01/2025
Pre Market analysis for 10/01/2025
#NIFTY50
If market opens flat and breaks 23500 will plan for selling for targets 23250 level.
If market opens gap down, and sustains below 23500, then plan for selling for target 23250. level.
If market opens gap up, and breaks 23650 level, then plan for buying for target 23800 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether