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Turning Bullish: Federal BankFederal Bank has turned bullish and is trading near 196 levels. It took strong support around 182 levels in the first Week of Sep 2024 It faced strong resistance at 199 levels on Oct 1, 2024. Thus, a strong pullback brought the price back to 182 levels. However, in the last few sessions, it gave a strong breakout along with a volume spurt. If the 199 support level is broken, we can expect a decent upside move Support levels: 193, 188, 182, 173 Resistance: 199, 204 Longterm target suggested by experts: 230 Pros: With an 18% increase in deposits and a 20% compound annual growth rate in its loan book, Federal Bank (FB) has shown a robust development trajectory over FY22–24. The bank is well-positioned to produce an 18% loan CAGR during FY25–27, helped by technology collaborations and efficient risk management.
NSE:FEDERALBNKLong
by shanmurali
GBPUSD: Testing key support as Cable traders await major UK dataGBPUSD pokes a three-month support region as pressure builds ahead of the UK employment and inflation data, as well as the US Retail Sales, set to release this week. Pound Sterling bears flex muscles Despite several technical levels testing the GBPUSD sellers, a potential bear cross between the 100-bar and 200-bar Exponential Moving Average (EMA) keeps the bears optimistic. The weakening bullish momentum in the MACD and a steady RSI support the downside outlook. Additionally, a sustained break below an ascending support line from early August, now acting as resistance, favors the bears. Key technical levels to watch The GBPUSD pair is currently held up by a three-month support zone around 1.3040-30, just above the psychological level of 1.3000. If it drops below 1.3000, a quick decline to the late July swing high around 1.2940 and then to early August peaks near 1.2870-60 could follow. In a case where the Pound Sterling remains bearish past 1.2860, it becomes vulnerable to slump toward August’s bottom of near 1.2665. On the flip side, GBPUSD recovery remains elusive below the 100 and 200 EMAs, currently near 1.3145 and 1.3150. A seven-week horizontal resistance zone near 1.3230-40 and a previous support line around 1.3330 also pose challenges for Cable buyers. If bulls can push past 1.3330, a rally toward the last monthly high near 1.3435 is possible. Sellers stay in control While robust technical support is challenging GBP/USD sellers, a dovish outlook for the Bank of England and anticipated weak UK data, alongside rising hawkish sentiment from the Fed, may keep bears in control. Upcoming data could create some volatility, but the bearish sentiment remains strong.
by MTradingGlobal
Nifty Intraday Levels | 15-OCT-2024This trading strategy focuses on scalping Nifty options based on institutional support and resistance zones and executing trades using order flow data. Here's a quick summary of the key points: 1️⃣ Zones to Focus on: 👉Green Zone: Represents institutional support. 👉Red Zone: Indicates institutional resistance. 👉Gap Between Zones: Typically ranges from 100-200 points. 👉Zone Creation: Uses pivot points and Fibonacci levels. 👉Price Action: An advanced version for refined entries and exits. 👉Chart Reference: Trades are executed based on the Nifty futures chart. 2️⃣ Trade Execution: 👉Order Flow Data: Trades are triggered by tracking the market's order flow. 👉Timeframes: Focus on the 1-minute and 5-minute charts for quick scalps. 👉Risk-Reward Ratio: Strict 1:2 (Risk 1 to gain 2). 👉Strike Price: Target at-the-money (ATM) or slightly in-the-money (ITM) options. 👉Position Sizing: Customize based on personal risk tolerance. 3️⃣ House Rules: 👉Sharp Execution: Be ready at 9:15 AM for market open. 👉Risk Management: Always a priority. 👉Quick Trades: Fast execution "morning breakfast". 👉Strict Stop-Loss: Set at 10 points to limit losses. This method is well-structured for traders who prioritize risk management and quick scalping opportunities in the Nifty market. #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback!
NSE:NIFTY1!
by ReviveTraders
"Nifty Technical Analysis: Triangle Pattern Breakout Awaiting –Fibonacci Retracement: The chart has a Fibonacci retracement overlay, showing key levels from the recent high to low. Price is currently hovering near the 0.236 retracement level (around 25,072), suggesting that Nifty is in a consolidation phase after a recent downward move. The next significant Fibonacci levels to watch are 0.382 (25,303) and 0.5 (25,489). A break above these could indicate a potential reversal back toward the previous high, with the 0.618 level (25,675) also being a key resistance. Trendlines: Two converging trendlines are drawn, forming a triangle pattern, indicating a possible breakout soon. If the price breaks out of this pattern upwards, it could signal a bullish continuation. However, a breakdown from the triangle could lead to further downside. Candlestick Pattern: The recent candles show indecision, with small-bodied candles. This might indicate that the market is waiting for a catalyst to decide the next direction. Price Levels: Key support at around 24,699 (the 0 level of the Fibonacci retracement). Resistance lies near 25,489 and above. Conclusion: Bullish Scenario: If Nifty breaks out above the triangle and holds above the 0.382 Fibonacci level, it could move toward the 0.5 and 0.618 retracement levels. Bearish Scenario: A break below the triangle could see Nifty retesting the recent low near 24,700 or lower.Strategy: Bullish Strategy: Entry: Buy on a breakout above 25,303 (the 0.382 Fibonacci level and triangle resistance). Target: Look for resistance at 25,489 (0.5 level) and further at 25,675 (0.618 level). Stop Loss: Place a stop loss just below the triangle support, around 25,000, to limit risk in case of a false breakout. Bearish Strategy: Entry: Sell or short below the triangle support line, around 25,000 or 24,950. Target: First target around 24,700, with further downside possible if the selling pressure intensifies. Stop Loss: Place a stop loss above the 0.236 level (25,072) or the recent high of the triangle, around 25,200, to protect against a quick reversal. Neutral/Wait-and-Watch: If you're unsure, wait for a confirmed breakout or breakdown before committing. Use momentum indicators like RSI or MACD to confirm strength in either direction before making a move.
NSE:NIFTYLong
by shhk1
1
USD/JPY: Will it break out of the current range?A new day has begun. Have you all updated the news on the USD/JPY pair yet? Let’s catch up together! The recovery of the Japanese Yen (JPY) remains quite fragile due to concerns about the Bank of Japan’s (BoJ) monetary policy and the global risk environment. On the other hand, the USD continues to be supported by expectations that the Fed will maintain high interest rates in the near future. This makes the USD more attractive compared to the JPY, limiting the upward momentum of the USD/JPY pair. Looking at the technical chart, the USD/JPY pair is fluctuating around 149.63 in a downtrend. Although there is support at the 141.86 level, the pair has not been able to sustain its upward momentum. However, investors must be more cautious with their decisions, especially as the market is being influenced by multiple uncertainties. What are your thoughts on this pair? Leave a comment and let me know!
by Alisa_Rokosz
Gold : Still looking goodDespite the strong Dollar Index gold doing good and currently trading near to All time high and still looking good to go higher, on technical basis also, If we watch the daily CPR formation , CPR is ascending for today also + gold price trading above weekly pivot (2640),So technically the price is still favourable for bulls and we can expect continuation in higher side as per this formation, yesterdays decline/ correction was not convincing enough for bears and I think it is normal corrective structure after a bullish structure and this correction can add more fuel for incoming bullish structure at least towards 2685. In Lower side we have to watch weekly Pivot as major Level for continuation or reversal point .
OANDA:XAUUSDLong
by iambalramkashyap
Market Mood - 15/10/2024If the market opens above 24,992 - it might touch 25,700 and bounce back if the resistance is strong. If the market opens below 24,964, it won't last long and will definitely bounce back upward, as the support is huge. Otherwise, it will touch 24,165 and will bounce back. Strong Support is at 24,964, which combines the horizontal and parallel support levels. This mid-line has been providing support since the third week of July. The index climbed above the 50-day EMA but still traded below the 10-day and 20-day EMAs. The momentum indicator RSI (Relative Strength Index) at 46.54 on the daily charts seems to be climbing towards the 50 mark. Global Markets: GIFT Nifty is trading at a discount of 30 points. Asian Markets are trading in the positive territory. Market Moving News: Hyundai IPO Opens today for subscriptions. Important Levels Resistance based on pivot points: 25,156, 25,190, and 25,244 Support based on pivot points: 25,047, 25,014, and 24,959
NSE:NIFTYLong
by skymaninvestments
BitCoin: A new Move about to start.BitCoin has been consolidated for the last 6-8 months in a channel shown in the graph. As per prediction it is about to break that range and will move towards new and higher highs. As per the chart and pattern structure in this current move it can go up to 100K easily and more above levels will be unlocked after that SL must be 56k. Targets 100k - 120k Time range 8-10 months it does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Long
by KelvinBhavsar
Beginner to Advanced Trading Every successful investor has one thing in common, they read as many investment books as they can. Trading in the share market requires a basic knowledge of all the aspects that can influence the prices of shares, and it can be gathered by reading books regularly. Skills #1 and #2 – Research and Analysis. ... Skill #3 – Adapting Your Market Analysis to Changing Market Conditions. ... Skill #4 – Staying in the Game. ... Skills #5 and #6 – Discipline and Patience. ... Bonus Skill #7 – Record Keeping. ... In the End.
NSE:BANKNIFTYEducation
by SkyTradingZone
1
BOMBAY DYEING (Momentum Trade)Here you see that price stops lower lows & make higher high price formation after breaking the change of structure level. Now price is ready to make new high above 238 Need closing above 239 in daily. Target is marked on the chart. If you see the RSI you found a classical H & S pattern which is also near to breakout. So keep an eagle eye on this stock for short to mid term. Idea got invalid below 192 I am not a SEBI Registered. This analysis is purely for educational purposes only. . If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
NSE:BOMDYEINGLong
by Nshravan1
UNICHEM LABORATORIES Breaking 1.9-Year Old Resistance ✅ The stock has successfully broken above a significant 1.9-year old resistance level, signaling a continuation of the strong bullish trend. It is currently trading around 734, and this breakout opens the potential for further gains toward 790 and beyond. ✅ The RSI is at 72, reflecting strong momentum, but nearing overbought territory. However, with the strength of the breakout, there could still be room for further upside before any major pullback. ✅ The breakout is accompanied by steady volume, confirming the upward momentum. Traders should watch for sustained price action above 730 for a potential continuation of the rally.
NSE:UNICHEMLABLong
by Marketik
Breaking Out From Falling Wedge Pattern- Looking Bullish ✅The stock has broken out of a falling wedge pattern, which is a bullish reversal structure. The breakout signals that the consolidation phase has ended, and the stock is now ready to resume its upward movement. A falling wedge pattern typically indicates a strong potential upside once the breakout is confirmed. ✅ There has been a significant increase in volume as the price broke out of the wedge, confirming strong buying interest. The spike in volume suggests that institutional investors may be entering the stock, adding to the momentum behind the breakout. ✅ The price has been forming higher lows, a bullish signal indicating that demand is increasing at each dip. This continuous accumulation at lower levels further strengthens the case for a strong rally ahead. ✅ The RSI is currently at 72 entering the overbought zone. While this indicates strong bullish momentum, traders should be cautious of a potential pullback. However, if the RSI remains elevated for an extended period, it often signals a sustained rally, particularly after a breakout from a strong pattern like the falling wedge. ✅Based on the height of the wedge, the next immediate target is 350, followed by 365, which aligns with previous resistance levels. If the stock manages to maintain its momentum and volume, it could move toward these levels in the short term. ✅A retest of the 300-305 zone may occur before further upward movement, providing an opportunity for additional entries. However, if the price remains above 310 without a retest, it indicates sustained bullish strength and could accelerate the move towards 350+.
NSE:FINPIPELong
by Marketik