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Gold near 2800Gold climbs to new ATH at 2,781 as mixed US data bolsters expectations of a Fed rate cut in November. Last day candle is a good bullish candle and gold price moving higher today in continuation , price is now trading above weekly R1(2767) and testing rising wedge pattern resistance trendline on daily time frame , from here price can test psychological level 2800 or Monthly R2 (2811) and then we can expect some correction or profit booking as per daily TF ,right now there are two possibilities if we watch price action on higher time frame: First one is that price can make good correction now after testing 2780-2800 Second one is that price can make another broad range( 2750,60 -2780,2800 ) on daily before next move . The US Bureau of Economic Analysis going to reveal GDP for the third quarter today and core PCE data tomorrow which can add good volatility on Gold price for Intra day.
OANDA:XAUUSD
by iambalramkashyap
A good long term pick !? - Jyoti Structures Ltd NSE:JYOTISTRUC Here's an analysis of Jyoti Structures Ltd. based on recent fundamental and technical insights: ### Fundamental Analysis: Jyoti Structures Ltd. operates in the capital goods sector, with a focus on electrical equipment for power transmission and distribution. The company’s revenue for the trailing twelve months (TTM) is around INR 31.7 crore, while its net profit for the same period stands negative, reflecting ongoing challenges in profitability Key financial indicators include: - PE Ratio: Around 87.3, suggesting an overvalued stock relative to its earnings, which may imply speculative interest or limited profitability. - Book Value: A low price-to-book value ratio of approximately 0.3, often indicating potential undervaluation in the market but also low asset strength. - Debt: High leverage with total loans reaching INR 1,916 crore, which may indicate liquidity risks. The company has struggled with negative operating and net profit margins (OPM and NPM), though recent quarters show slight improvements in revenue. However, profit margins remain low, partly due to high debt and restructuring phases ### Technical Analysis: Technically, Jyoti Structures has shown signs of volatility. Key indicators from recent trading suggest: - Moving Averages: The stock has shown bullish signs in the short term, crossing certain moving averages, which may signal upward momentum. - Relative Strength Index (RSI): RSI oscillates near neutral, suggesting neither overbought nor oversold conditions. - Momentum and Trend: Some indicators like the MACD suggest potential for further gains if market sentiment continues to favor the stock, although this momentum could be short-lived if fundamental pressures persist In conclusion, Jyoti Structures Ltd. presents a mixed picture. While there is some short-term trading momentum, fundamental challenges such as high debt and low profitability weigh heavily. For long-term investors, caution may be advised due to these financial risks, whereas traders might find opportunities in its price volatility.
NSE:JYOTISTRUCLong
by thetradeforecast
1
Gold (XAU/USD) intraday trading at current levels 10/30/2024Buy, Sell, and Stop-Loss Recommendations: Buy Zone: If prices retrace to support at $2,760, a buy entry could be advantageous, targeting a rise back towards the $2,780 and $2,800 levels, where resistance has been marked. This range reflects a demand zone where buying pressure has previously built up. Sell Zone: If prices approach resistance at $2,780-$2,785, consider a short position, with a target to re-test support around $2,760. However, be cautious if upward momentum breaks above $2,785, which could signal continuation to $2,800. Stop-Loss: For buy positions, place a stop-loss just below $2,750 to limit risk if support fails. For sell positions, consider a stop-loss slightly above $2,785, adjusting to $2,790 if volatility increases. These levels incorporate recent market reactions and geopolitical factors driving safe-haven demand for gold​.This guidance can adapt if prices move sharply, so monitoring real-time price action will be key.
OANDA:XAUUSDLong
by GAVIXH
DEEPAKFERT - Ichimoku Breakout📈 Stock Name - Deepak Fertilizers And Petrochemicals Corporation Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1232. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #largecap #DEEPAKFERT
NSE:DEEPAKFERTLong
by nikunjbhadja
Krsnaa Has Successfully Broken Longterm Resistance Krsnaa Diagnostics has successfully broken above the critical resistance zone around 850-860. This level previously acted as a strong barrier, restricting upward movement for over a year. Breaking above this zone signifies a bullish trend reversal, opening the path for higher levels. The breakout is notable as it occurs on a weekly timeframe, indicating a stronger, more sustained bullish sentiment. Breakouts on larger timeframes tend to have a greater impact and typically signify the start of longer-term trends.
NSE:KRSNAALong
by Marketik
Paradeep Nearing A Crucial Resistance level- Keep In Watchlist📊 Paradeep Phosphates ✅ The stock is nearing a crucial resistance level around 95, a level that has acted as a cap on price movement for several months. A sustained move above this level with strong volume could confirm a breakout, paving the way for higher targets. ✅ The price is comfortably trading above the 200 EMA indicating a bullish trend and strong underlying support. The EMA is also aligning closely with the recent consolidation area, reinforcing the support zone around 82-85. Paradeep Phosphates has been consolidating within a defined range, which appears to be an accumulation phase. This range-bound trading often signifies that the stock is gathering momentum, setting the stage for a breakout with significant upside potential. ✅ The breakout attempt is accompanied by a notable increase in volume, signaling strong buying interest. Volume surges during breakout attempts indicate that institutional players may be accumulating shares, which adds credibility to the price movement. The Relative Strength Index is at 59 suggesting room for further upside without reaching the overbought zone. This reflects healthy buying momentum, with a possible continuation toward higher levels. 🚨 A breakout above 95 could lead the stock towards its target levels of 110 in the short term, with an extended target of 120 if momentum continues. These levels are aligned with previous resistance zones, making them realistic profit-taking targets. The 82 level serves as an ideal stop-loss, providing a safety cushion in case of a failed breakout. Any sustained move below this level would invalidate the bullish setup, signaling an exit.
NSE:PARADEEPLong
by Marketik
Federal Bank Looking Very Strong- Keep In Radar📊 Federal Bank Ltd ✅ The stock has successfully broken above a descending trendline that has been acting as resistance for the past few months. This breakout, accompanied by increased volume indicates strong buying interest and a potential shift in trend direction. ✅The recent price move was supported by a notable surge in volume, further validating the breakout. High volume on the breakout suggests that institutional investors may be involved which adds strength to the upward momentum. ✅ Federal Bank has established a solid support base around the 182-184 level which has held up well over multiple testing points. This level now acts as a floor limiting downside risk and providing a robust foundation for the stock’s upward move. ✅The RSI currently stands at 70 signaling strong bullish momentum without yet entering the extreme overbought zone. This suggests the stock has further upside potential as momentum builds. 🚨With the trendline breakout and volume confirmation, Federal Bank could target 215 in the short term, with a potential extended move towards 225 if the momentum continues. These targets align with historical resistance zones, making them realistic profit-taking levels. 🚨 The 192 support serves as a logical stop-loss level, providing a cushion against a potential pullback while allowing room for the trade to mature. Any close below this level would indicate a weakening of the bullish setup signaling an exit.
NSE:FEDERALBNKLong
by Marketik
Manyavar Ready For Breakout- Looking Strong For Swing Trade✅The stock has completed a rounded bottom pattern, which is a bullish reversal pattern indicating a shift from a downtrend to an uptrend. The recent price action reflects a steady upward momentum, showing that buyers are gaining control. A breakout above the neckline of this formation can lead to a substantial rally. Vedant Fashions is currently testing the 1,400 resistance level, which has acted as a significant barrier in the past. A breakout above this level would signify a bullish continuation and could lead to a rapid move towards the target zones. Traders should watch for a strong close above this resistance to confirm the breakout. ✅ A recent surge in volume suggests that interest is building up, particularly as the stock approaches a critical breakout point. The volume increase supports the rounded bottom pattern, indicating strong accumulation. High volume on a breakout would further confirm bullish intent. The RSI stands at 59.55, reflecting positive momentum without being overbought. This setup suggests that there is still room for the stock to move higher before hitting resistance from momentum indicators, adding strength to the bullish bias. 🚨 Following a breakout above 1,400, the stock could aim for 1,500 initially, with an extended target around 1,550 if the momentum continues. These levels align with historical price action and pattern projections, making them achievable targets in the short to medium term. On the downside, 1,268 serves as a strong support, closely aligned with the 50 EMA. This level provides a solid foundation for the stock and a move below it would weaken the bullish outlook, making it an ideal stop-loss point.
NSE:MANYAVARLong
by Marketik
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in ANUP BUY TODAY SELL TOMORROW for 5%
NSE:ANUP
by Kapil-Mittal
3
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in AMIORG BUY TODAY SELL TOMORROW for 5%
NSE:AMIORG
by Kapil-Mittal
4
Whale Indicator ($2300 Revenue Available, Congratulations)Hello, I'm Whale Signal Here's a quick recap of the Bitcoin trading ideas I shared in Trading View yesterday Bitcoin is forming a triangular convergence pattern, and we need to closely monitor whether it breaks through the upper resistance line or deviates from the lower low based on the important sell-off. We've explained that, and we've shared some of the main sell-offs that you must check for that As a result, Bitcoin broke above the top of the trend, supporting the main resistance stand within the triangle convergence pattern Following the retest, additional gains were made using the main selling point as a springboard, and the opportunity to realize $2,300 in revenue was provided One thing that's unfortunate is that if a clearer retest had been made after the breakthrough, more people would have easily earned profits In fact, some of those who expected a retest missed the opportunity, but those who entered after seeing the breakthrough rise must have made a good profit because they clearly broke through the sale table and closed it immediately Congratulations to those who responded flexibly as Bitcoin broke through the main selling point and met the rising conditions <> Yesterday, I made the first purchase in the retest section of triangular convergence, and after the breakthrough of the sale table was confirmed, I added the second purchase of burning, and I am currently proceeding with the partial next day The remaining holdings are holding in anticipation of further upside, with the price of StopRose set at the price of the buy We are currently expecting further rise and are waiting for TP2 (target to reach 2) Looking at the price range, we're looking at the early-mid 72K, and you can find the specific price target in the real-time chart link below The next inflection section could be a very important point for futures traders, so be sure to check it carefully *I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis* *For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below* <> 1. The whale indicator simply points to support and resistance 2. Please refer to the whale index to find a trading RBI suitable for your analysis 3. The shape
by Whale_signal
Ashima cmp 30.50 by Monthly Chart view since been listed*Ashima cmp 30.50 by Monthly Chart view since been listed* - Resistance Zone 36.50 to 39 Price Band - Support Zone 28.75 to 31 and a probable Resistance zone too - Weekly basis Support at 23 > 16 > 8 with Resistance at 40 >>> ATH 51.60 - Stock Price is trailing and moving well above the EMA 14, 21, 50, 100 and 200 levels - *Just tad long of +17 year's time frame of closely Combined, Interconnected and Intertangled Bullish Rounding Bottoms all indicative of huge upside*
NSE:ASHIMASYN
by PIYUSHCHAVDA
axis bank for a swing tradeaxis bank looks bullish.Ref: 3 hr candle.made a triple bottom /inverted head and shoulder and trying to breake a resistance of 1200.if it closes with a strong bullish3 hr candle,there is a chance of upper movement till the upper trendline..dont jump into trade without strong closure.,,target will update later .early prdiction can be done with 1 hr candle and its volume during breake out.fib level also supporting the breake out.bank nifty also created a double bottom.....pls enter only after breake out confirmation
NSE:AXISBANKLong
by nazeertrader