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Dow Futures Trading Strategy 05th December 2024Trading Strategy for Dow Futures: Buy Strategy: Entry Point: Enter a long position (buy) above the high of the candle that closes above 45230 on a one-hour timeframe. This means if a one-hour candle closes above 45230, you will buy once the price exceeds the high of that candle. Stop Loss: Set a stop loss slightly below the low of the breakout candle to manage risk. For instance, if the breakout candle has a low of 45100, you might set your stop loss at 45090 to protect your capital. Target: Determine your target based on historical resistance levels or a risk-reward ratio. For example, if you're risking 140 points (45230 to 45090), aim for a reward of at least 280 points (e.g., a target of 45510). Sell Strategy: Entry Point: Enter a short position (sell) below the low of the candle that closes below 44870 on a one-hour timeframe. This means if a one-hour candle closes below 44870, you will sell once the price drops below the low of that candle. Stop Loss: Set a stop loss slightly above the high of the breakdown candle. For example, if the breakdown candle has a high of 45000, you might set your stop loss at 45010 to mitigate risk. Target: Determine your target based on historical support levels or a risk-reward ratio. For example, if you're risking 140 points (44870 to 45010), aim for a reward of at least 280 points (e.g., a target of 44600). Risk Management: Use Stop Losses: Always use stop losses to protect your capital and limit potential losses. Position Sizing: Never risk more than a small percentage (e.g., 1-2%) of your trading capital on a single trade. Regular Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information. Market Context: Economic Indicators: Pay attention to key economic indicators such as employment data, GDP figures, and interest rate announcements that can impact Dow futures. Geopolitical Events: Be aware of geopolitical events and developments that can cause significant market volatility. Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author and do not necessarily reflect the views of Microsoft. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results.
BLACKBULL:DJ30.F
by ramkkyy
Gold Trading Strategy for 5th December 2024Gold has been consolidating within a narrow range of 2605 to 2670 over the past five days. This suggests that the market is in a period of indecision, with neither buyers nor sellers able to push the price decisively in one direction. Typically, such consolidation periods are followed by significant moves once the price breaks out of the established range. Trading Strategy: Buy Strategy: Entry Point: Initiate a long position (buy) when the price closes above 2670 on a 15-minute candle. This indicates a potential breakout to the upside. Stop Loss: Set a stop loss slightly below the breakout point to manage risk. For instance, a stop loss could be placed at 2655, just below the recent consolidation range. Target: Identify target levels based on historical resistance levels or use a risk-reward ratio of at least 2:1. For example, if the stop loss is 15 points away (2655), then the target could be 30 points above the entry (2700). Sell Strategy: Entry Point: Initiate a short position (sell) when the price closes below 2630 on a 15-minute candle. This indicates a potential breakdown to the downside. Stop Loss: Set a stop loss slightly above the breakdown point. For example, a stop loss could be placed at 2645. Target: Similar to the buy strategy, set target levels based on historical support levels or use a risk-reward ratio of at least 2:1. If the stop loss is 15 points away (2645), then the target could be 30 points below the entry (2600). Risk Management: Always use stop losses to protect your capital. Never risk more than a small percentage of your trading capital on a single trade. Consider the overall market context and any upcoming economic events that could impact gold prices. Market Context: Keep an eye on factors influencing gold prices such as interest rates, inflation data, and geopolitical events. These can cause significant volatility and may impact your trading strategy. Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results. Trade wisely and stay informed! 📈💡
OANDA:XAUUSD
by ramkkyy
BTC Targets 100K Despite ResistanceBitcoin has shown a clear uptrend in the past two days, characterized by higher highs and higher lows. The recent upside breakout of the consolidation in the 94K to 96K range has pushed the price up to 98K. Short-term resistance is currently located at 99K, while support is located in the 92K to 94K area. This is a psychological threshold, which precedes the critical 100K level. Traders seeking entry opportunities can target pullbacks to the 96.5K–97K area for entry, and exit strategies at 99K–100K. Long-term traders can consider buying on pullbacks towards the support zone and plan to hold on a breakout of 100K. The arrival of 100K prices may prompt profit-taking, hindering further gains. In addition, declining volumes or momentum divergences may indicate weakening bullish momentum. Traders should remain vigilant to macroeconomic developments or crypto-specific news, which may change market dynamics. Strategies vary by time frame: Short-term traders can focus on a breakout or pullback to 96K to 99K, while long-term holders should aim for a pullback toward 92K to 94K. It is recommended to place a stop loss below 94K to effectively manage risk.
Long
by Ring-1
Mazagon Dock Shipbuilders Ltd. - Breakout OpportunityDate : 5-Dec-2024 LTP : Rs. 4,880.70 Targets: (T1) Rs. 5,545 --> (T2) Rs. 5,860 --> (T3) Rs. 7,100 SL : Rs. 4,245 Technical View: • NSE:MAZDOCK is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 5,860 on 5-Jul-2024, it has retraced 34% to 3,851.20 level. • NSE:MAZDOCK has breakout from it's secondary downtrend with higher than average volume on 4-Dec-2024. This breakout is also supported by increased volume in last few sessions. • NSE:MAZDOCK have formed double bottom pattern between 3,851.20 and 4,925 levels. Breaking 4,925 level will also give breakout from double bottom pattern. • Company has fixed 27-Dec-2024 as record date for 2/1 stock split. Target levels can be revised post stock split. • NSE:MAZDOCK is trading above 20 DEMA and 50 DEMA since last few sessions. 20 DEMA has crossed over 50 DEMA on 2-Dec-2024. • RSI is in buy zone and trading at 71.93. MACD is bullish and trading at 135.74. • Both RSI and MACD are showing positive divergence. • Looking good to start a new swing from here. Liked the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:MAZDOCKLong
by vicky252
2
RTNINDIA: Journey Above Crucial EMAsAfter experiencing a prolonged five-month downtrend, RTNINDIA has successfully breached its downtrend line and closed above this key resistance level, accompanied by a noticeable increase in trading volume. This upward momentum indicates a potential shift in market sentiment toward the stock. In recent trading sessions, RTNINDIA has not only closed above the 20, 50, and 100-day EMAs but is also approaching the 200-day EMA. The significance of closing above the 200-day EMA cannot be overstated, as it is often considered a strong indicator of bullish tendencies in the stock. A sustained position above the 200-day EMA could propel the stock toward its next significant long-term resistance level at 90 . Investors should consider a long-term stop loss set at 65 to manage potential downside risk effectively. This strategy allows for participation in potential upside while safeguarding against unforeseen market fluctuations. Disclaimer: The information presented in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any securities. It is imperative for investors to conduct their own due diligence and research before making any investment choices.
NSE:RTNINDIALong
by NiftyNotions
Triangle breakoutTRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up. AC line will act as resistance line. BD line will act as support line. when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction. STOP LOSS: If the breakout is upwards then support line will act as stop loss. If the breakout is downwards then resistance will act as stop loss.
NSE:GSFCLong
by manyilakhil
Nifty BankThe chart for Nifty Bank (Weekly) shows the index moving within an ascending channel, with clear support and resistance levels marked by the trendlines. It is showing a potential breakout above the critical resistance zone of 54,000–54,500, marking the upper boundary of its ascending channel. For aggressive traders, enter during the breakout if the price sustains above 54,500. Conservative traders can wait for a retest of 54,000–54,500, with the previous resistance acting as new support. Place your stop-loss below 53,000 or slightly under the retest level for safety. Targets are set at 57,000–58,000. Use a trailing stop-loss once the price hits the first target to lock in gains. Ensure the breakout is supported by high volumes. Use a trailing stop-loss once the price hits the first target to lock in gains. Ensure the breakout is supported by high volumes
NSE:BANKNIFTY
by Simplecharttraders
Nifty Forms an Inverse Head and Shoulder PatternNifty 50 index has formed an inverse head and shoulder pattern. Its not a perfect pattern, but it meets most of the criteria to be considered an inverse head and shoulder, the second shoulder is a little shorter. But the Stochastic RSI indicator suggests, that the Nifty is in oversold zone on the daily charts, this could mean a downfall in the short term. Such a downfall would also result in a more perfect inverse head and shoulder being formed and then the final reversal. So what is likely to happen in the next few days to nifty? A Downfall or sideways movement for 3-4 day period, followed by a breakout and uptrend. Things to Note - December is a month where FIIs usually sell. But since they have already sold so much, the likely hood of more selling is less. So it also confirms with the pattern formation that Nifty is likely to end up in Green in December.
NSE:NIFTYLong
by retirewithrohit
3
Oberoi Realty Ltd. (NSE)The chart for Oberoi Realty Ltd. (NSE) shows a bullish breakout above its ascending channel's upper trendline, supported by rising volumes. The RSI is at 68.49, indicating strong bullish momentum but nearing the overbought zone, suggesting caution. The MACD is bullish, with the MACD line above the signal line and a growing positive histogram. Immediate support lies at ₹2,087, with stronger supports at ₹1,900–₹1,850 and ₹1,700, aligning with long-term trendlines. Resistance levels to watch are ₹2,200 (immediate), ₹2,300, and ₹2,500 (long-term target). Traders can consider entering near ₹2,100 on a pullback, with a stop-loss at ₹2,000 and targets of ₹2,200, ₹2,300, and ₹2,500. However, caution is advised at overbought RSI levels, as a short-term pullback could occur. A sustained close above ₹2,200 would confirm further upside momentum.
NSE:OBEROIRLTY
by Simplecharttraders
1
Gold analysis on Wednesday: long-short boundary near 2645Gold analysis on Wednesday: long-short boundary near 2645 As shown in the figure: Four-hour cycle: 2620-2660 is still the current oscillation range Oscillating center: 2640-2645 range (ray A: the most effective pressure line at present) Oscillating space: Today, there will be a general direction around 2645 (yellow circle: the current convergent oscillation range, there is not much area, which means that a new trend is about to break out) The current trend of gold is converging and oscillating around 2640-2645. Still focus on the trend performance around 2640-2645. Strategy: ------------------------- Bull thinking: Bottom support: 2635-2640 Breaking pressure: 2650-2655 Upward target: 2655-2670-2680 ----------------------------------------- Bear thinking: Top pressure: 2650-2655 Breaking support: 2640-2635 Downward target: 2630-2620-2600-2580 As the Asian market gradually weakens, once it breaks below 2635, gold is likely to fall in volume today, and stop loss must be set at the same time Today's gold thinking: short at highs Policy: (Gold is about to explode in a big market, and risk control must be done well) The explosive market is about to happen! Powell's speech leads these major events to come. There are many risks in financial market events on this trading day, including the US ADP employment report, the US ISM service industry PMI, the Federal Reserve Beige Book, and the speech by Federal Reserve Chairman Powell, which are expected to trigger major market movements. 1: The US ADP employment change data for November will be released. This data is known as the "small non-agricultural": the US ADP employment is expected to increase by 150,000 in November. Previously, the US ADP employment increased by 233,000 in October. If the data is higher than expected, it may rekindle optimism about Friday's non-agricultural employment data and lead to lower gold prices. 2: The US ISM non-manufacturing purchasing managers' index (PMI) for November will be released, expected to be 55.5. 3: Federal Reserve Chairman Powell will be invited to be interviewed at the New York Times DealBook/Summit conference. In his last speech in November, Powell made hawkish remarks, saying that the Fed did not need to rush to cut interest rates because the job market was solid and the inflation rate was still above the 2% target. Federal Reserve Chairman Powell said at an event at the Dallas Fed that the U.S. economy has not sent any signal that the Fed needs to cut interest rates as soon as possible, and the current strong economy gives the Fed the ability to make cautious decisions.
FOREXCOM:XAUUSD
by G-Janaya