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GOLD/USD (XAU/USD) 1 D Analysis: A Potential Breakout ?The price was moving upward, indicating a bullish trend after breaking previous structures. Then, a change of character (CHoCH) occurred, signaling a potential shift in price action. Following this, the price formed an ascending triangle pattern, suggesting a period of liquidity accumulation. This accumulation might lead to a potential breakout and further upward movement. NOTE - We may be 100% wrong . It's not a buy/sell recommendation, just for educational purpose only! (Liquidity is denoted by $)
CAPITALCOM:GOLD
by Saurav3697
RELIANCE Support & Resistance levels The current share price of Reliance Industries Ltd. is around ₹1,272 (as of December 15, 2024). Here is an overview of the support and resistance levels: Support Levels: Primary Support: ₹1,249 Secondary Support: ₹1,227 Tertiary Support: ₹1,214 Resistance Levels: Primary Resistance: ₹1,285 Secondary Resistance: ₹1,298 Tertiary Resistance: ₹1,321 Key Highlights: Reliance Industries operates across sectors including petrochemicals, refining, oil exploration, telecommunications (Jio), and retail. In the retail segment, it commands approximately 23% of revenues, serving over 190 million customers across 15,200+ outlets.
NSE:RELIANCE1!Long
by EmpireCrown
The GREENS Vs The REDThere are two most important and fundamental questions that every trader should ask to himself and should not put his hard-earned money in the market before answering them. >> The first one is why more than 95-98% traders lose money in the market? >> And the second one is How those 2-5% traders are still able to make money in the market? 🤔 Is it about fundamental or technical analysis that fill this gap here or is it something else that is ignored on part of the losing traders? Well one can be a good analyst who mastered those arts in months or over years but may still lose 🎃 when it comes to real trading. Social media has made it too easy to learn analysis but trading still keeps its difficult spot in the real world. The space 📏 between the winners and the losers is surely more about discipline and consistency. Losers generally lose because of fear or greed. Fear 😣 could be of missing the trade, so entering too early or could be of losing a winning trade and always exiting with minor profit. Both scenarios lead to damage when trade goes against the expected direction. Greed 🤑 may result into keep on holding a losing trade in hope or not booking good profit in the hope of more and then booking loss. Greed may also lead to unacceptably higher position sizes or over-trading. One should not forget that greed in a good cause is still greed and can damage capital in trading. Both greed and fear lead to lousy decision making and hence loss in almost all cases. Winning approach is more about discipline. It is to know one's reasons for trading. These reasons could be their tested setups- No setup, no trade. Its also about knowing when to stop 🤚. Stop when a defined loss in a trade reaches or stop when specific number of trades are lost. Winners 🥇 understand that there is no perfect exit when in profit. Either exit at a target or at least with some profit. Protecting capital, without overtrading, could boosts confidence in future trades. Hence the task of winning more can be achieved by losing less with the above-mentioned approach. One can also lose less by keeping (acceptably) wider stop and hence limiting the number of trades by by-passing volatility. I hope this would make sense for some traders. Do boost 🚀 comment below to get educational ideas more frequently. Regards.
NSE:NIFTY1!Education
by Bravetotrade
14
Reliance Future Weekly Technical Analysis for 16 to 20th of Dec.🚀 Unlock the potential with my Reliance Future Weekly Technical Analysis for 16 to 20th of Dec., 2024! ✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️ 📍 Range Trigger Point (WRTP): 1281 📅 Weekly Range: 80 📈 Long/Buy Position 🔹 Buy Above: 1292 🎯 Target 1: 1330 🎯 Target 2: 1361 ⛔ Stoploss: 1265 📉 Short/Sell Position 🔹 Sell Below: 1273 🎯 Target 1: 1232 🎯 Target 2: 1201 ⛔ Stoploss: 1299 ✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday and Weekly Levels and Live Market Confirmations. 📈 📊 How to Trade with Numro Trader Weekly Levels Buy Setup 🕒 Wait for a 1-hour candle to close above WRTP or Buy Above level. 📈 Confirm breakout with a candle breaking the high of level breaking candle. 🛒 Enter buy order at exactly of active level (WRTP or Buy Above). 🎯 Target 2 (if coming from WRTP) or Target 1 (if coming from below WRTP). ⚠️ Avoid re-entering after hitting the target. Sell Setup 🕒 Wait for a 1-hour candle to close below WRTP or Sell Below level. 📉 Confirm breakout with a candle breaking the low of level breaking candle. 🛒 Enter sell order exactly of active level (WRTP or Sell Below). 🎯 Target 2 (if coming from WRTP) or Target 1 (if coming from above WRTP). ⚠️ Avoid re-entering after hitting the target. #RelianceFuture #WeeklyTrading #StockFuture #NumroTrader
NSE:RELIANCE1!
by NumroTrader
Profitable Advance TradingThe defining feature of day trading is that traders do not hold positions overnight; instead, they seek to profit from short-term price movements occurring during the trading session.It can be considered one of the most profitable trading methods available to investors. Trading strategy based on moving averages. Trading strategy based on technical analysis and price patterns. Trading strategy based on Fibonacci retracements. Candlestick trading strategy. Trend trading strategy. Flat trading strategy. Scalping. Trading strategy based on fundamental analysis.
NSE:BANKNIFTY1!Education
by SkyTradingZone
3
Database Trading Option // Options market data can provide meaningful insights on the price movements of the underlying security. We look at how specific data points pertaining to options market can be used to predict future direction. Typically a trading dataset will provide information about trades that are made over the course of the day 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:BANKNIFTY1!Education
by SkyTradingZone
3
PCR Trading Option A Advance Guide However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment. One way to calculate PCR is by dividing the number of open interest in a Put contract by the number of open interest in Call option at the same strike price and expiry date on any given day. It can also be calculated by dividing put trading volume by call trading volume on a given day.
NSE:BANKNIFTY1!Education
by SkyTradingZone
3
Gold taking a breakAfter PPI data gold is taking break and we have seen a good correction from the buy move : In previous posts I was expecting more strength before a pullback, but gold price faced big resistance at 2715-21 zone. Now if we draw the fib levels for this current correction that started form yesterday the zone 2700-06 is resistance area for bulls and bull need to claim this zone first to see higher levels and under this we can expect more decline. In lower side the previous day close (2680) is the level that we have to watch on Intra day. If price close H1 or H4 under this level then we can expect more decline in lower side. The first support is PDL (2675) and next support as per Fib is 2669 (50%) and 2656 (60% retracement Level). For Intra day we can watch these levels and can plan our trade accordingly and for Swing we have to wait for confirmation of possible low on weekly close (Or most probably in mid of next week).
OANDA:XAUUSDShort
by TheGoldenCircle
gold trading strategy for 13th december 2024Gold Trading Strategy Key Levels: Buy Above: 2693 Sell Below: 2670 Targets: Upside Target: 2705 Downside Target: 2655 Strategy Details: Buy Signal: Enter a buy position above the high of the candle that closes above 2693 on a one-hour time frame, aiming for an upside target of 2705. Sell Signal: Enter a sell position below the low of the candle that closes below 2670 on a one-hour time frame, aiming for a downside target of 2655. Disclaimer: This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy