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breakout 📈 Daily Watchlist Update: Potential Breakout 📊 Stock Name: Syngene International Ltd 🧬 Current Status: The stock has broken its All-Time High (ATH) and is currently in retracement mode, showing signs of a potential breakout 🚀. 💡 Buy Conditions: Buy 1 - Discount Zone Approach: If the stock retraces to the ₹900-₹880 range, it's considered a discount zone. Discount Zone is the Fibonacci retracement zone (50-70%). If you’re unsure about the discount zone, feel free to ask! Stop Loss (SL): ₹800. Buy 2 - Conservative Approach: If the retracement breaks the ATH at ₹960, then consider entering. Stop Loss (SL): The recent low post-breakout. ⚠️ Trading Rules: ✅ I will only trade if one of these two conditions occurs. ⏭️ If the stock moves up without meeting these rules, I’ll move on to other opportunities. There’s always another day to trade 🌅. 💪 The focus is on discipline and sticking to the plan. 📖 Educational Note: This analysis is for educational purposes only. Please evaluate your risk appetite before making trading decisions. 🌟📊
NSE:SYNGENELong
by Dharsh5895
1
IRCTC Descending Channel breakout to watch.Descending Channel: The price is trending downwards within a well-defined descending channel (yellow lines), with lower high and lower lows indicating a bearish trend. Key Support and Resistance Levels: Support: 788.50 appears to be a strong support level, as shown by the blue horizontal line, below that it can move towards 725 represents a more significant lower support level. Resistance: 850 being the previous high and immediate resistance. 914.75 is resistance levels within the current channel. A breakout above the 993.65 resistance could indicate further bullish momentum which till for new all time high. RSI (Relative Strength Index): The RSI is hovering near 53.64, It indicates a neutral to slightly bullish sentiment. Recent Price Action: The price has bounced off the 788.50 support and is attempting to move upward, nearing the channel's upper boundary. A breakout from the channel could signal a trend reversal. Volume: Volume appears moderate, which might suggest the need for stronger buying interest to sustain an upward breakout. Potential Strategies: Bullish Scenario: If the price breaks above the descending channel and closing above 850 resistance with strong volume, it could indicate a bullish trend reversal till 914.75 Bearish Scenario: A rejection at the channel's upper boundary or resistance levels of 850 may lead to further downside toward 725 or even 670. Disclaimer - The information provided herein is for educational purposes only. It does not constitute financial, investment, or trading advice. Consult a qualified financial advisor before making any financial decisions. We are not liable for any monetary loss, that may arise directly or indirectly from the use of information provided
NSE:IRCTC
by Darshilp7
Divi's Lab: Potential Upswing as VCP Pattern Nears Breakout withStock: Divi's Laboratories Ltd. (DIVISLAB) Analysis: Divi's Lab recently experienced a breakout with strong volume, signaling solid buying interest. Since then, the stock has seen some corrective movement, presenting a potential opportunity. The current pattern resembles a Volatility Contraction Pattern (VCP), where price consolidates in narrowing ranges, often a setup for a continuation in the direction of the previous breakout. If this contraction phase concludes with another breakout on increased volume, it could indicate a fresh upswing and a strong bullish trend resumption. Technical Setup: Pattern: Volatility Contraction Pattern (VCP) Key Signal: Volume spike during breakout Expected Move: Upside continuation if breakout confirms with volume Trade Plan: Entry: On breakout above current resistance, ideally with a high volume candle Target: Initial target based on previous resistance levels or recent highs Stop Loss: Below the consolidation range
NSE:DIVISLAB
by ImranulHaqueNoor
1
#MONTECARLO - ATH BreakOut in Weekly chart📊 Script: MONTECARLO Key highlights: 💡⚡ 📈 Draves Box BreakOut in Weekly chart. 📈 Price gave a good up move and consolidated before BO. 📈 Volume spike on Breakout 📈 MACD Cross Over 📈 One can go for Swing Trade. BUY ONLY on Friday (6 Dec’24) ABOVE 390 WCB ⏱️ C.M.P 📑💰- 280 🟢 Target 🎯🏆 – 28% ⚠️ Stoploss ☠️🚫 – 14% ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with MMT. Cheers!🥂
NSE:MONTECARLOLong
by MMT_MakeMoneyTrading
Nifty 50: Inverted Head & Shoulders Breakout! Targeting 25,381The NSE:NIFTY index has delivered a decisive breakout above the Inverted Head & Shoulders neckline at 24,340, signaling strong bullish momentum on the daily chart. This pattern, often viewed as a reliable reversal indicator, points towards a potential target of 25,381. Pattern Breakdown: Left Shoulder: Formed around 4th Nov'24. Head: The lowest point near 23263. Right Shoulder: Higher lows confirm strengthening bullish sentiment. Neckline: The breakout at 24,340, now a crucial support level. Key Levels to Watch: Resistance Levels: 24,527 24,690 24,873 25,053 25,312 Support Zone: 24,340 (previous neckline). Target Calculation: Using the height of the pattern (distance between the neckline and the head), the breakout projects an upside target of 25,381. Cautionary Note: While the breakout is promising, traders should monitor global market cues and economic developments that could impact the index's trajectory. Maintain strict risk management. ⚠️ Disclaimer: This post is for educational purposes only. Trade responsibly and manage risk wisely.
NSE:NIFTYLong
by raigvivek
JIOFIN - End of Wave 4 - Ready for new ATHJIOFIN - End of Wave 4 - Ready for new ATH It appears that JIOFIN has completed it's 4th wave down at 300, which happens to be the 50% retracement of the impulse from 2nd to 3rd wave. The corrective wave ABC seems to have ended now and the internals of the entire move is also marked It is a low risk set up (5% risk if SL is placed at 300) and the reward would be 50% or more (if it plays out the 5th as projected) - On technical, 250-300 is also happens to be the accumulation zone previously. Price move and volumes are highlighted. Since this script will be included in F&O, worth tracking it for the coming weeks I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:JIOFINLong
by Murthy_Santhosh
BankNifty: Inverted Head & Shoulders Breakout! Targeting 55,000The NSE:BANKNIFTY index is showing a classic Inverted Head & Shoulders pattern on the daily chart, a bullish reversal structure indicating potential upside momentum. The neckline has been decisively broken with strong volumes, validating the breakout. Pattern Breakdown: Left Shoulder: Developed between 26th october to 6th Nov'24 . Head: Marked the lowest point near 49797. Right Shoulder: Recently formed at higher lows, confirming bullish sentiment. Neckline: Positioned around 52550, which now acts as a support zone. Target Calculation: Using the pattern height (distance from the neckline to the head), the projected upside target for BankNifty is approximately 55,000. Key Levels to Watch: Support: The neckline at 52550 should act as immediate support. Resistance: Minor resistance can be seen at intermediate levels such as 53460 & 54460. Caution: While the breakout is promising, traders should monitor global cues, interest rates, and sectoral performance, which might impact the BankNifty index. Risk management is essential. This analysis is for educational purposes. Always consult your financial advisor before making trading decisions.
NSE:BANKNIFTYLong
by raigvivek
Update XAUUSDSpot gold prices continue to rise as the US dollar weakens, making it more affordable for holders of other currencies to purchase gold. Meanwhile, crude oil prices unexpectedly surged to $70 per barrel, adding upward momentum to gold’s price trend. Another contributing factor is the announcement of martial law in South Korea. This has sparked concerns among financial investors about potential instability in the country, which could impact commodity prices and international currency markets. Consequently, many have increased their gold purchases as a safe-haven asset. These factors are fueling gold prices to climb further today.
OANDA:XAUUSDLong
by Bo-Samson
Nifty Trading Strategy for 04th December 2024Trading Strategy: Buy Strategy: Entry Point: Enter a long position (buy) above the high of the candle that closes above 24512 on a 15-minute timeframe. This means if a candle on the 15-minute chart closes above 24512, you will buy once the price exceeds the high of that candle. Stop Loss: Set a stop loss below the low of the breakout candle or a significant support level to manage risk. For instance, if the breakout candle has a low of 24450, you might set your stop loss slightly below this level to protect your capital. Target: Determine your target based on historical resistance levels or a specific risk-reward ratio. For example, if you risk 50 points (from 24512 to 24462), aim for a reward of at least 100 points (e.g., a target of 24612). Sell Strategy: Entry Point: Enter a short position (sell) below the low of the candle that closes below 24346 on a 15-minute timeframe. This means if a candle on the 15-minute chart closes below 24346, you will sell once the price drops below the low of that candle. Stop Loss: Set a stop loss above the high of the breakdown candle or a significant resistance level. For example, if the breakdown candle has a high of 24400, you might set your stop loss slightly above this level to mitigate risk. Target: Determine your target based on historical support levels or a specific risk-reward ratio. For example, if you risk 50 points (from 24346 to 24396), aim for a reward of at least 100 points (e.g., a target of 24246). 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. Regularly Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information. Market Context: Economic Indicators: Keep an eye on key economic indicators such as GDP figures, inflation data, and interest rate announcements that can impact Nifty. 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 . Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results. Note: The author is not SEBI registered. Trade wisely and stay informed! 📈💼
NSE:NIFTY
by ramkkyy
1
Dow Future Trading Strategy for 04th December 2024Trading Strategy: Buy Strategy: Entry Point: Enter a long position (buy) above the high of the candle that closes above 44980 on a one-hour timeframe. This means if a candle on the one-hour chart closes above 44980, you will buy once the price exceeds the high of that candle. Stop Loss: Set a stop loss below the low of the breakout candle or a significant support level to manage risk. For instance, if the breakout candle has a low of 44850, you might set your stop loss slightly below this level to protect your capital. Target: Determine your target based on historical resistance levels or a specific risk-reward ratio. For example, if you risk 100 points (from 44980 to 44880), aim for a reward of at least 200 points (e.g., a target of 45180). Sell Strategy: Entry Point: Enter a short position (sell) below the low of the candle that closes below 44670 on a one-hour timeframe. This means if a candle on the one-hour chart closes below 44670, you will sell once the price drops below the low of that candle. Stop Loss: Set a stop loss above the high of the breakdown candle or a significant resistance level. For example, if the breakdown candle has a high of 44800, you might set your stop loss slightly above this level to mitigate risk. Target: Determine your target based on historical support levels or a specific risk-reward ratio. For example, if you risk 100 points (from 44670 to 44770), aim for a reward of at least 200 points (e.g., a target of 44470). 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. Regularly Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information. Market Context: Economic Indicators: Keep an eye on 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. 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! 📈💼
BLACKBULL:DJ30.F
by ramkkyy
Gold trading strategy for 04th 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
Bitcoin (BTC): technical and fundamental analysis. Altseason.📈 Technical analysis BTC/USDT The Bitcoin price is trading within a narrowing price range, formed after an unsuccessful test of the major resistance block at $100,000, followed by a correction to the 0.23 Fibonacci retracement level and subsequent consolidation. This has resulted in the formation of a pattern known as a narrowing wedge, the breakout of which could indicate the next direction for BTC price movement. If buyers, supported by fundamental factors, manage to break through the psychological resistance level of $100,000, we can expect a strong upward momentum toward the next resistance zones at $110,000–$120,000 and a test of the global trendline resistance. Conversely, if sellers push the price below the $90,000 support block and establish themselves beneath the EMA 200 line, we anticipate a corrective move toward the 0.5–0.61 Fibonacci retracement levels. These levels coincide with Imbalance zones, where consolidations are needed to close gaps in horizontal volume levels. 📉 Bitcoin market global analysis. When does the altseason start? Bitcoin's dominance has begun a rapid decline, and we are currently witnessing an attempt to break out of a parallel price channel. If it manages to consolidate below the lower boundary of the channel, we can expect further declines in dominance, which would indicate the start of significant capital flows from Bitcoin to altcoins. What are Bitcoin's long-term growth targets? Above the current all-time high (ATH), there are no resistance levels based on historical data. Therefore, to determine growth targets, we will rely on trendlines, Fibonacci extension levels, analysis of large order block clusters in exchange order books, and, of course, indicators: Fibonacci Extension Levels: The nearest growth targets for Bitcoin are the 1.61 and 1.78 Fibonacci extension levels, which lie in the range of $104,000–$112,000. Global Trendline: The next target could be the global trendline drawn based on the peaks of the previous growth cycle. A test of this trendline might occur around the $120,000 level. RSI Analysis: The RSI indicator is currently about 18% away from its resistance trendline. Translating this to Bitcoin’s price chart, this corresponds to a range of approximately $114,000–$120,000. This is where a test of the resistance line may occur, as observed in all previous Bitcoin market cycles. 💠 Analysis of liquidity zones and levels The Fear and Greed Index remains in the Greed Zone at 76. The total cryptocurrency market capitalization has grown to $3.37 billion, while the Bitcoin Dominance Index has fallen to 56.18. According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 100,000 and 120,000, and the supply and demand zones are located at the following levels: 🟢 Demand zone: 80,000 - 90,000 🔴 Supply zone: 100,000 - 150,000 Levels for long positions: 90,000 - psychological support level 88,000 - large support block 60,000 - large support block Levels for short positions: 100,000 - largest resistance block 110,000 - large resistance block 120,000 - 100,000 - ascending trend line of resistance 📊 Fundamental analysis In November, Bitcoin ETFs recorded an inflow of $6.1 billion—the highest monthly figure since the instrument's launch in January. This indicates growing investor confidence in the asset while favoring the security of regulated ETFs over direct BTC purchases. Record inflows into Bitcoin ETFs could support a BTC rally above $100,000. Ethereum and Altcoin Investment Trends Investment inflows into Ethereum (ETH)-focused products reached $634 million, pushing the total for this year to over $2.2 billion, surpassing the previous record of $2 billion set in 2021. Similarly, Ripple (XRP)-based crypto funds received record-breaking investments of $95 million. This surge may be linked to preparations for ETFs on other cryptocurrencies, potentially accelerating the onset of an altseason. Regulatory and Macroeconomic Developments SEC Leadership Announcement: Tomorrow, information may emerge regarding the new chair of the U.S. Securities and Exchange Commission (SEC), a key financial regulator overseeing the crypto market. Under current chair Gary Gensler, the SEC has intensified crypto market regulation. The appointment of a crypto-friendly commissioner could boost market sentiment and further support the start of an altseason. U.S. Labor Market Data: Labor market reports are set to be released this week, serving as a critical indicator for the Federal Reserve's monetary policy. A continuation of rate cuts by the Fed would likely bolster overall growth in the cryptocurrency market. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ 12/04, 21:45 - Speech by Fed Chairman Jerome Powell. ➤ 12/06, 21:45 - US Unemployment Rate for November. ➤ 12/18, 21:00 - New Fed Interest Rate Decision. ➤ 12/18, 21:00 - US GDP (q/q) (Q3) ➤ 01/29/2025, 21:00 - New Fed Interest Rate Decision. 📈 Statistics of signals from our AI trading indicator: In November, the price of Bitcoin was in an upward trend. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. 😎 Total price movement by all signals: + 54.92% Maximum price movement: + 42.10% Average price movement: + 13.73% In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
by TradeINEX
DMART STOCK IS TAKING REVERSAL FROM SUPPORTThe stock is now taking a bullish reversal, daily time frame stock price is taking a reverse swing. RSI has given signals of bullish swing, Here the risk is high and the reward is high. If we take entry here then our entry level will be 43, stop loss will be 35 and target will be 48.If We take entry here then our entry level will be 3829, stop loss will be 3550 and target will be 4280. This is my view only for educational purpose. If you take entry in this then according to your risk reward.
NSE:DMARTLong
by Titu8727
1
City Union Bank Limited (CUB)The daily chart of City Union Bank Limited (CUB) on the NSE shows the stock forming a rising wedge pattern, with the price approaching the upper resistance line near 185–190 INR. This suggests a critical juncture where a breakout above this resistance could lead to further bullish momentum, with potential targets at 195–200 INR. The RSI is nearing overbought levels at 67, indicating strong bullish momentum but also caution for a potential reversal or consolidation. The MACD is showing bullish signals, with the MACD line above the signal line and positive histogram bars, confirming upward strength. On the downside, immediate support lies at 175 INR, aligned with the lower trendline, and stronger support exists near 165 INR. Traders should watch for a breakout above 190 INR with increased volume for further upside potential, while a breakdown below 175 INR could indicate a corrective move. Given the rising wedge structure, caution is advised as these patterns can sometimes lead to reversals.
NSE:CUB
by Simplecharttraders
Piramal Enterprises Limited (PEL)The daily chart of Piramal Enterprises Limited (PEL) on the NSE shows the stock trading within an ascending channel, with the price currently testing the upper resistance trendline near 1,240–1,250 INR. A breakout above this level, supported by increasing volume, could signal further bullish momentum, with potential targets at 1,300–1,350 INR. However, the RSI is above 70, indicating overbought conditions, which may lead to a short-term correction or consolidation. The MACD is bullish, with the MACD line above the signal line and rising histogram bars, further supporting the upward trend. On the downside, immediate support lies at 1,200 INR, with stronger support around 1,100 INR if the stock faces rejection at resistance. Traders should wait for a confirmed breakout before entering long positions and consider cautious profit-taking or trailing stops, as overbought conditions suggest a risk of pullback. Consolidation between 1,200–1,250 INR would warrant close monitoring for breakout or breakdown signals.
NSE:PEL
by Simplecharttraders