Get started

X-indicator

STEEL AUTHORITY OF INDIA ATH SOON! The Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country's Central Public Sector Enterprises. SAIL's stock has been performing well recently, gaining for the fifth consecutive session. The stock is currently quoted at ₹127.8, up 0.78% on the day SAIL has declared an equity dividend amounting to ₹2.00 per share in the past 12 months. At the current share price of ₹126.13, the dividend yield is approximately 1.58% Also, check out past posts about NSE:IOC And NSE:NCC subject to the same analysis and pattern followed by a breakout and reversal towards All Time High rocket.
BSE:SAIL
by vkfincare09
NIFTY Bank Index Chart Analysis ### Chart Overview The chart of **NIFTY Bank Index** on a 1-hour timeframe with **Heikin Ashi candles**, showing: - A **falling wedge pattern** (a potential bullish reversal). - A significant support level of around **$51,693.95**. - Indicators like **MACD** and **RSI**, along with volume histogram, are applied. - A **Bearish Divergence** is noted on the MACD. The price action suggests a consolidation phase following a downtrend, with the potential for a breakout. ### Key Chart Features and Pattern Observations 1. **Falling Wedge Pattern:** - A **falling wedge pattern** is highlighted, which typically signals a bullish reversal. - A breakout above the upper trendline near **$53,224.85** confirms this pattern. 2. **Bearish Divergence:** - The MACD shows a **bearish divergence**, where the price is attempting higher highs, but the MACD fails to confirm. This hints at weakening momentum. 3. **Price Action:** - The price has been consolidating in a narrowing range, with recent candles near the wedge’s resistance. - A breakout is critical to determine the next direction. ### Indicator Analysis 1. **Volume:** - Volume declined during the formation of the wedge, consistent with the pattern. A breakout needs to be accompanied by a volume spike for confirmation. 2. **MACD:** - The MACD lines are diverging negatively, with a bearish divergence noted. The current MACD histogram shows a gradual decrease in momentum, indicating indecision. 3. **RSI:** - RSI stands at **27.12**, entering oversold territory. This increases the likelihood of a bullish bounce if support holds. ### Key Levels or Price Levels 1. **Support Levels:** - **$51,693.95**: A strong horizontal support level coinciding with the wedge’s lower boundary. - **$51,043.55**: A critical long-term support zone; failure here could trigger a larger bearish move. 2. **Resistance Levels:** - **$53,224.85**: The upper trendline of the falling wedge; a breakout here is crucial. - **$53,888.30**: The immediate upside target if the breakout is confirmed. ### Overall Summary - The chart highlights a **falling wedge**, typically a bullish pattern, but bearish divergences on MACD indicate a risk of false breakout. - RSI in oversold territory and price near key support suggest the potential for a bounce, but momentum confirmation is needed. ### Trading Strategy 1. **Bullish Scenario:** - **Entry:** Wait for a breakout above **$53,224.85** with a volume spike. - **Targets:** First target at **$53,888.30**, with further upside towards **$54,500.00**. - **Stop-Loss:** Place a stop-loss below **$51,693.95**. 2. **Bearish Scenario:** - **Entry:** If price breaks below **$51,693.95**, consider shorting. - **Targets:** First target at **$51,043.55**, with potential extension lower. - **Stop-Loss:** Place a stop-loss above **$53,224.85**. 3. **Neutral Approach:** - Monitor consolidation and wait for clear directional breakout confirmation. ### Conclusion The **NIFTY Bank Index** chart presents a mixed outlook with a **falling wedge pattern** favoring bulls but **bearish divergence** on MACD cautioning against premature entries. Traders should watch for breakout levels around **$53,224.85** (bullish) or **$51,693.95** (bearish) to decide the next move. Volume and momentum will be key indicators for confirmation.
NSE:BANKNIFTY
by ramumaurya
Cholamandalam Investment cmp 1343.05 by Weekly Chart viewCholamandalam Investment cmp 1343.05 by Weekly Chart view - Price Band 1175 to 1215 Support Zone - Price sustaining along Rising Support Trendline - Price in attempt to sustain above Falling Resistance Trendline - Volumes are spurting over past few days and sustaining above avg traded quantity - Stock Price is hovering in sync with EMA 21 and decently placed above EMA 50, 100, 200 - Weekly Support seen at 1215 > 1101 > 990 with Resistance seen at 1452 > 1556 > ATH 1652
NSE:CHOLAFIN
by PIYUSHCHAVDA
Gold hit 2726, now waiting for a reboundThe price of gold was sold from the historical high of 2790 to 2537, and then rebounded to 2721 and sold again to 2605; after continuous consolidation, it broke through 2666 at the beginning of the week due to the geopolitical conflict in the Middle East. Yesterday, I published the idea that the market will continue to be bullish, buy at 2686, and the target is 2708-2721; it actually fell back to 2674 and then attacked. In the evening, due to the CPI annual rate boosting the expectation of interest rate cuts, it has reached 2721. I am honored that yesterday's analysis and the strategy given were 100% accurate. Now let's analyze today's gold. The price hit 2726 before and then dropped to 2700 and turned into a shock. The current closing 4H chart is arranged more. Now my idea is to make an expectation of a drop and rebound; short-term support 2704-2700, strong support 2696; short-term resistance 2716-2720, strong resistance morning high 2726; In terms of operation, it is recommended to go long on a pullback; Strategy 1: Buy near 2704, SL 2694, TP 2716-2726; Strategy 2: Buy near 2696, SL 2686, TP 2716-2726; Please set your stop loss and buying price reasonably.
OANDA:XAUUSDLong
by Ring-1
Start of a big downfall in the counterM&M Fin - CMP 280 Elliott- thats an expanded flat corrective pattern of which the C leg of the downfall has started. this is just the start of a big downfall in the counter. Fibs- the rally halting at 38.2% is an indication of weakness. Yet another indication of further weakness. RSI - on the monthly chart the RSI is absolutely positioned in the bear zone and also below the MA cross. MA- the Japanese used this two MA's on the daily charts and called its crossover the Golden cross. That is has happened on the downside is yet another indication of further weakness. Min tgt is 180 on this one.
NSE:M_MFINShort
by singh17vivek
Option And Data Base Trading OptionMetrics provides the highest quality and most comprehensive historical options data on the market today. Leading investment and academic institutions worldwide rely on the accuracy of our options data to measure volatility, assess risk, and analyze investment strategies. By analysing the information provided in the option chain, traders can identify potential trading opportunities and make informed decisions about buying or selling options contracts. Option chains are used by traders to analyse and evaluate the market's expectations of an asset's future price movements.
NSE:NIFTYEducation
by SkyTradingZone
professional trading mindsetThey are disciplined in their trading and can view the market objectively, regardless of how current market action is affecting their account balance. They don't give in to being excessively excited about winning trades or excessively despairing about losing trades. Stick to Your Discipline. ... Lose the Crowd. ... Engage Your Trading Plan. ... Don't Cut Corners. ... Avoid the Obvious. ... Don't Break Your Rules. ... Avoid Market Gurus. ... Use Your Intuition.
NSE:NIFTYEducation
by SkyTradingZone