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Technical Trading The technical trades programs offer more than just technical skills, students are exposed to the necessary business and technology programs used in today's current job market. Students gain the essential knowledge to operate, oversee and assist with operations. There is virtually no limit to the profit potential of technical analysis. Profitability within the discipline largely depends on the trader's expertise, adherence to tried and tested strategies, and the amount of risk undertaken and capital employed by the trader.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
Gold Trend - Profit taking will dominate before the year's endDespite the initial drop on Monday, the gold price was relatively quiet last week. The price shot up to around 2710 due to all the geopolitical tensions the week before. But then, it quickly retreated after an uneventful weekend. The risk premium dramatically reduced as the Asian market opened on Monday, leading to gold prices falling below 2700 early in the session. During the U.S. trading session on the same day, Trump announced the preliminary tariff policies on China, Canada, and Mexico via social media. The market anticipated a continued high-interest environment in the U.S. until 2025, exerting pressure on gold prices once more, causing them to dip below 2650(1). Gold prices stabilized thereafter, with a holiday atmosphere prevailing, prices rebounded throughout the week, closing near 2650. Gold prices experienced significant fluctuations in the past couple of weeks due to the Russia/Ukraine and Israel/Palestine situations. However, as tensions ease, the upward momentum for price has waned. Heading into the final month of 2024, the gold market continues to be influenced by profit-taking sentiments, as the number of open interests in COMEX gold futures dropped, from 560,000 in early November to 450,000 last Friday. Unless there are significant changes in the fundamentals, gold prices are expected to keep consolidating. This week, the focus will be on Friday's US employment data, with market expectations suggesting a rebound in non-farm payrolls to 200,000. Gold prices are likely to face some pressure before the data is released. 1-hr chart(above) > Early in the Asian session today, the S-T trend turned bearish as the gold prices dipped below the support line(2). Strong selling resistance appeared near 2665 at the end of last week, suggesting initial operations within the 2600-2665(3) range. If this week's US job data performs well in the latter part of the week, the gold price may once again visit below 2600. Daily chart(above) > The overall trend for gold prices continues to adjust towards the 2600 mark, as mentioned last week. The significant selling pressure on Monday (4) is expected to continue influencing the S-T direction. The daily chart range is set between 2605-2665, and if there's a downward breakout later this week, the downside target could be set around the 100-day MA near 2574 (6). If you like our analysis, please give us a thumbs up 🚀! P.To
TVC:GOLD
by 1uptick
PRIVISCL: Strong Buy Zone with Breakout PotentialTitle: "PRIVISCL: Strong Buy Zone with Breakout Potential – Backed by Excellent Financials" Stock: Privi Speciality Chemicals Ltd. (PRIVISCL) Analysis: Privi Speciality Chemicals is currently trading in a Buy Support Zone on the daily timeframe, offering a potential entry point for traders. The stock is backed by strong financial performance, with: Quarterly Revenue: ₹522 Cr, a 20.2% YoY growth. Quarterly Net Profit: ₹47 Cr, a robust 75.1% YoY growth. Ownership Changes: Promoter Holdings: Increased from 72.72% to 74.05%, reflecting strong confidence in the company’s growth potential. FII/FPI Investors: Increased from 29 to 33 in Sep 2024 quarter. Institutional Investors: Marginal decrease from 3.26% to 2.92%, with Mutual Fund holdings slightly reduced from 2.59% to 2.29%. This combination of strong fundamentals and promoter confidence suggests a high likelihood of a breakout soon. Technical Setup: Trend: The stock is consolidating at support, poised for a potential upward move. Volume: Watch for an uptick in volume to confirm the breakout. Trade Plan: Entry: At CMP or on breakout above resistance. Target: Initial target at ₹1430; mid-term target at ₹1500. Stop Loss: Below the support zone at ₹1280. Note: With excellent financials and growing promoter confidence, PRIVISCL is well-positioned for an upside breakout.
NSE:PRIVISCLLong
by ImranulHaqueNoor
CCL Products: Inverted Head & Shoulders Breakout with StrengthStock: CCL Products (India) Ltd. (CCL) Analysis: CCL Products has completed an Inverted Head and Shoulders pattern, a bullish reversal setup, and has confirmed a breakout from the final leg with strong volume. Institutional confidence adds further credibility to the stock's bullish outlook: FII/FPI Holdings: Increased from 9.76% to 10.17% (Sep 2024 quarter), with the number of investors rising from 162 to 178. Mutual Fund Holdings: Increased from 18.84% to 18.99%, with the number of MF schemes holding the stock growing from 52 to 58. The breakout aligns with improving fundamentals, making this stock well-positioned for an upside move. The near-term target is around ₹807. Technical Setup: Pattern: Inverted Head and Shoulders Volume: Breakout supported by strong volume confirmation Institutional Support: Increased holdings by FII/FPI and Mutual Funds Trade Plan: Entry: On sustained trade above breakout level Target: Near-term at ₹807 and long term target as per the Head and shoulder pattern Stop Loss: Below the neckline or breakout level Note: Institutional accumulation and technical breakout complement each other, making this a compelling swing trade opportunity. 🔒 Disclaimer: This post is for educational purposes only. We hold no liability for any profit or loss incurred from trading or investing based on this information. Always conduct your own research or consult a financial advisor.
NSE:CCLLong
by ImranulHaqueNoor
Consolidation Breakout Potential with Strong EarningsAnalysis: Cummins India has been in a consolidation phase over the past three months, building a solid base. Today, the company reported its quarterly results, showing a significant profit increase of approximately 36%, which indicates strong fundamentals and could trigger an upside breakout. This setup makes the stock appealing for a short swing trade to capture any breakout momentum fueled by positive earnings. Technical Setup: Pattern: Three-month consolidation base Catalyst: Strong quarterly earnings with a 36% profit increase Expected Move: Potential breakout from consolidation on positive sentiment Trade Plan: Entry: On breakout above consolidation resistance, preferably with volume Target: Short-term swing based on previous resistance or measured move Stop Loss: Below the consolidation support level Note: Positive earnings could provide the push needed for a breakout, offering a short swing opportunity to capitalize on potential bullish momentum. 🔒 Disclaimer: This post is for educational purposes only. We hold no liability for any profit or loss incurred from trading or investing based on this information. Always conduct your own research or consult a financial advisor.
NSE:CUMMINSIND
by ImranulHaqueNoor
Jyoti CNC:Strong Institutional Accumulation with good FinancialsTitle: "Jyoti CNC Automation: Strong Institutional Accumulation with Stellar Financials – Bullish Outlook" Stock: Jyoti CNC Automation Ltd. Analysis: Jyoti CNC Automation is gaining momentum with robust financial performance and increasing institutional interest: Quarterly Revenue: ₹383 Cr, reflecting a 46.0% YoY growth. Quarterly Net Profit: ₹70 Cr, showcasing a massive 268.4% YoY growth. Institutional Confidence: Promoter Holding: Stable at 62.55% (Sep 2024 quarter). FII/FPI Holdings: Increased from 4.91% to 5.81%, with the number of FII/FPI investors rising from 47 to 58. Mutual Funds: Holdings surged from 6.38% to 10.87%, and the number of schemes increased from 14 to 19. Overall Institutional Holdings: Grew significantly from 11.45% to 16.80%, underlining strong institutional confidence in the company. With a CMP of ₹1273, the stock appears well-positioned for further upside, supported by its excellent financial performance and rising institutional participation. Technical Setup: Trend: Strong bullish momentum driven by institutional accumulation. Support Levels: Watch for a hold above ₹1250 as a confirmation of strength. Trade Plan: Entry: CMP ₹1273 or on sustained strength above ₹1300. Target: Short-term target at ₹1400; mid-term target at ₹1500. Stop Loss: Below ₹1230 to manage risk. Note: With stellar financial growth and significant institutional accumulation, Jyoti CNC Automation is poised for a continued bullish trend.
NSE:JYOTICNCLong
by ImranulHaqueNoor
Love is in the Air: Top Wedding Stocks in this season◉ Abstract The Indian wedding industry is a huge part of the economy, worth about ₹10 lakh crore (around $130 billion), making it the fourth largest industry in India after food and groceries. Families spend a lot on weddings, often around ₹12 lakh (about $15,000), which is more than what they spend on their children's education. Every year, India sees around 80 lakh to 1 crore weddings, mostly during the busy season from October to December. This industry includes important sectors like jewelry, clothing, hospitality, and travel, with bridal jewelry making up over half of all jewelry sales. As incomes rise and people spend more on luxury weddings, the industry is expected to grow even more, supported by government efforts to promote India as a top wedding destination. Read full analysis here: ◉ Introduction The Indian wedding industry is a vibrant and expansive sector, estimated to be worth approximately ₹10 lakh crore (around $130 billion), making it the fourth largest industry in India, following food and groceries. This industry is characterized by its cultural significance and economic impact, driving consumption across various sectors. ◉ Overview of the Indian Wedding Industry ● Economic Significance ➖ The Indian wedding economy is a major driver of economic activity, with families spending substantial amounts on weddings, often exceeding expenditures on education for children. On average, an Indian wedding costs around ₹12 lakh (approximately $15,000). ➖ The industry is projected to grow significantly, with estimates suggesting it could expand by 3.7 times over the next five years due to rising incomes and changing consumer preferences. ● Wedding Season Dynamics ➖ India hosts about 80 lakh to 1 crore weddings annually, primarily peaking between October and December. This period coincides with festive seasons, further boosting spending. ➖ Weddings in India are known for their grandeur and can include elaborate celebrations lasting several days, often with thousands of guests. ◉ Three Major Sectors Within the Industry The Indian wedding industry encompasses various sectors that contribute to its overall growth: i. Jewellery: ➖ This sector is the largest beneficiary, with bridal jewellery accounting for over 50% of all jewellery sales in India. Stock to keep on radar from this sector: 1. Titan NSE:TITAN 2. Kalyan Jewellers NSE:KALYANKJIL 3. Senco Gold NSE:SENCO ii.Apparel: ➖ Weddings contribute to around 10% of the apparel market, with significant demand for bridal wear. Stock to keep on radar from this sector: 1. Vedant Fashions NSE:MANYAVAR 2. Aditya Birla Fashion & Retail NSE:ABFRL 3. Arvind Fashions NSE:ARVINDFASN 4. Raymond NSE:RAYMOND iii.Travel and Hospitality: ➖ Destination weddings are gaining popularity, leading to increased demand for hotels and travel services. Stock to keep on radar from this sector: 1. The Indian Hotels NSE:INDHOTEL 2. EIH Limited NSE:EIHOTEL 3. Chalet Hotels NSE:CHALET 4. Interglobe Aviation NSE:INDIGO ◉ Future Prospects The Indian wedding industry is expected to continue its robust growth trajectory due to: ● Increasing disposable incomes among the younger population. ● A growing trend towards luxury spending on weddings. ● Government initiatives like the "Wed in India" campaign aimed at promoting India as a premier wedding destination globally. ◉ Conclusion In conclusion, the Indian wedding industry not only holds significant cultural importance but also serves as a powerful economic engine impacting various sectors across the country. As consumer preferences evolve and economic conditions improve, this industry is poised for substantial growth in the coming years.
NSE:TITANLong
by GoodluckCapital
6 years breakout in SIYARAM SILK6 years big breakout possible in SIYARAM SILKMILLS, yearly+monthly+weekly+daily multiple timeframe breakout will happen at once . keep funds ready. Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Siyaram Silk, major competitors and peers include Alok Industries, Donear Ind, Orbit Exports and Manomay Tex India. As of Jun 2024, the dividend yield of Siyaram Silk stands at 1.43% while Alok Industries, Donear Ind, Orbit Exports and Manomay Tex India stand at 0.0%, 0.17%, 0.0% and 0.0% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 18.1 and 3.07 respectively.
NSE:SIYSILLong
by TechnicalAnalystSucrit
1
Gold --> Interest in this metal is growingGold continues to hold strong as the dollar faces a correction, with liquidity gradually diminishing. Friday’s trading in the US could play a pivotal role in shaping market dynamics. On the H1 timeframe, gold remains firmly within the boundaries of a local bullish channel, driven by the dollar's weakness, which stems largely from the ongoing inflationary environment. Adding to this momentum, the Federal Reserve's dovish stance on interest rate policy continues to act as a tailwind for gold prices. However, this factor appears to be taking a backseat for now. Meanwhile, the market spotlight is shifting toward the policies of the new US administration, which are expected to bring significant changes to the global economic landscape. These shifts could push central banks to bolster their gold reserves, potentially igniting a surge in central bank gold trading activity. With the fundamentals aligning for a bullish trend—supported by an ascending channel and strong macroeconomic factors—buying opportunities dominate the strategy. Ideal entries lie around the support zone (aligned with FVG levels) or upon a confirmed breakout above the resistance level. Price targets? Gold's climb toward 2678 and 2694 is drawing closer, signaling an exciting rally ahead!
OANDA:XAUUSDLong
by Bo-Samson
4
EUR/USD Unexpected DropThe EUR/USD currency pair has been showing significant volatility recently, with the current trend being bearish, as it has broken above both the 34 and 89 EMAs. This indicates an increase in selling pressure, with the current price at 1.05240, lower than the previous days, and approaching the important support level at 1.05000. Notably, there is also a gap on the chart, indicating a sudden interruption in trading, which is often a sign of sudden important news or events. Personal opinion: In the current context, although the bearish trend may be worrying for many investors, I believe that this could also be an opportunity to buy at low prices if the euro starts to recover. The fact that the price is currently below both EMAs could further deepen the downtrend, but this could also lead to a strong recovery if there are supporting factors from economic data or from the policies of the European Central Bank.
by Maria_aaa