Get started

Indexanalysis

ASI - All time high in 2025 Q1?1. Observations on Fibonacci Levels Current Resistance at 0.786 Fib Level (~12,123): The index has successfully moved past several key Fibonacci retracement levels and is now approaching the 0.786 level. A confirmed breakout above this level, with a daily/weekly candle close, would further strengthen the bullish momentum. Golden Pocket (~10,969 - 11,189): The golden pocket zone (0.618) previously acted as strong resistance, but it has now turned into a support zone, affirming the current uptrend. Target: 1.618 Extension (~17,837): The 1.618 Fibonacci extension level at 17,837 is a likely target if the index maintains its bullish momentum throughout 2025. This projection aligns with a potential all-time high under strong market conditions. 2. Channel Observation The ASI is trading within a clear upward parallel channel, with higher highs and higher lows forming a solid bullish structure. The upper bound of this channel aligns with the 1.618 Fibonacci extension level, further strengthening the case for 17,837 as a medium- to long-term target. 3. Indicators RSI: The RSI is nearing overbought levels, suggesting that the index might face short-term resistance or a pullback before continuing its upward trajectory. MACD: The MACD is showing bullish momentum, with a positive crossover and rising histogram bars. This supports the upward trend. 4. Key Levels to Watch Support Levels: 12,123 (0.786 Fib): Needs to hold as support if the index retraces. 10,969 - 11,189 (Golden Pocket): Acts as the next strong support zone. 10,158 (0.5 Fib): A deeper retracement level, likely to hold during a major pullback. Resistance Levels: Immediate resistance is at 13,593 (1.0 Fib). The next major resistance is the 1.272 extension (~15,257) before targeting 1.618 (~17,837). 5. Risks and Considerations The overbought RSI could lead to short-term corrections. Macro-economic factors, such as local and global economic conditions, could impact the bullish scenario. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:ASILong
by rukshan2102
NIFTY50 || RSI positive divergence As mention in my previous idea, the recent rally was indeed a 'Dead Cat Bounce' as NIFTY50 has experienced another significant drop. However, examining the charts above reveals positive RSI divergence in both the 2-hour timeframe (TF) and the daily timeframe (DTF), with NIFTY reversing from a marked support zone. For the next bull run to be confirmed, NIFTY should hold above today’s low and meet the following two criteria: 1. The index begins trading above the 20 EMA band. 2. The RSI surpasses the 70 mark. This setup could indicate a more sustainable upward trend if both conditions are fulfilled. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading involves significant risk, and it’s essential to perform your own research or consult a financial advisor before making any investment decisions. Essential principles for traders: 1. Be Disciplined, Avoid FOMO: Maintain a disciplined approach to avoid impulsive decisions based on the "fear of missing out" (FOMO), which can lead to risky trades. 2. Risk and Reward Management: Always assess potential rewards relative to risks before entering a trade. Proper risk management ensures long-term success by limiting losses on any single trade. 3. Follow Stop Losses: Calculate and set a stop loss for every trade to protect against significant losses. Make it a habit to adhere to it without exception, even if the market seems to be in your favor. 4. Journal Your Trades: Maintain a trading journal to track decisions, wins, and losses. Analyzing past trades can help improve future strategies and identify patterns in behavior or biases. 5. Master One Strategy Before Expanding: It’s beneficial to focus on mastering a single trading strategy before exploring others. Once consistent, you can broaden your approach to diversify risk and opportunities. 6. Control Emotions: Emotions, especially greed and fear, can cloud judgment. Cultivating a mindset that balances confidence and caution is key to maintaining objectivity.
NSE:NIFTY
by Abdul-Rahim
Election Volatility Shakes Up US MarketsS&P 500 ● The index retreated from its all-time high of 5,880, initiating a downward trend. ● A breakdown below the Rising Wedge pattern has been confirmed. ● Key support levels to watch: ➖ Immediate support: 5,670 ➖ Strong support: 5,400 Nasdaq Composite ● The index has hit an all-time high near the 18,750 level before beginning to retreat. ● After breaking through the trendline support, the index is currently hovering slightly above the next immediate support level. ● If it dips below this support, we could see a significant drop, potentially driving the index down to the 16,670 level. **This market volatility is consistent with historical trends during US presidential election years. The 2024 election is particularly unpredictable due to conflicting economic indicators and potential delays in results.
SP:SPXShort
by NaranjCapital
US Markets Demonstrate Confidence Despite Election JittersThe US markets are currently demonstrating a bullish sentiment, despite concerns surrounding the upcoming election. All major indices, including the S&P 500, NYSE Composite, and Nasdaq Composite, have formed a bullish Cup & Handle chart pattern and have subsequently broken to follow an upward trend. While the S&P 500 and NYSE Composite have reached new all-time highs, the Nasdaq Composite is close to its highest peak, further reinforcing the positive market outlook. 'This overall bullish sentiment suggests that the upward trend in the US markets is likely to continue, even in the face of election-related uncertainties.
SP:SPXLong
by NaranjCapital
3
"DAX Index Rises Ahead of ECB Meeting"In the U.S., the consumer price index increased by 0.2% in August, while the annual rise was 2.5%, aligning with forecasts. Following the drop in inflation, the likelihood of the Fed implementing a 25 basis point rate cut next week has risen to 85%. After this data release, market risk appetite increased, leading to intensified buying activity in the DAX index. Today, there is an expectation of a 25 basis point rate cut in the European Central Bank (ECB) meeting. Technically, on the upside if the price holds above the 18,500 resistance, buying could push the index first toward the 18,700 resistance and then to 18,900. if the 18,500 level is broken to the downside, a pullback could extend first to the 18,285 support and then to 18.075.
XETR:DAX
by primequotes
DAX Index Recovers Its Losses!Following the release of the U.S. non-farm payroll report, which came in below expectations, market risk appetite weakened. The DAX index also accelerated its decline, targeting the 18,257 support level. Expectations for a Fed rate cut have strengthened to 50 basis points, while the ECB is expected to lower rates by 25 basis points at its meeting this week. Technically, if the 18,285 level is broken on the downside, a pullback could extend first to the 18,075 support and then to 17,920. On the upside, if the price holds above the 18,500 resistance, buying could push the index first towards the 18,700 resistance and then to 18,900.
XETR:DAX
by primequotes
SPX: A Double Top at the peak could lead to a short-term fall! The chart depicts a steady upward trend of the index. After reaching an all-time high close to the 5,670 level, the index saw a significant decline, dropped by nearly 550 points. However, after a recovery, the index once again neared its previous high, but experienced another setback. The emergence of a Double Top pattern, along with a clear RSI divergence, indicates that the index may face difficulties in the near future. On the downside, immediate support is found between the 5,250 and 5,300 levels. A break below this support could lead to a considerable drop in the index.
SP:SPXShort
by NaranjCapital
Major Sectors that may influence US Markets this week!Health Care Following an extended consolidation phase from December 2021 to August 2024, the healthcare index has developed an Inverted Head & Shoulder pattern. With a recent breakout, the index is now set to experience significant upward momentum. Industrials Similar to the healthcare index, the industrials sector has also established an Inverted Head & Shoulder pattern. Following its breakout, this index has shown positive movement. With a recent breakout from a brief consolidation phase, the index is ready to climb once more. Financials The financial sector plays a vital role in the US stock market. Recently, the financial index experienced a robust breakout after a lengthy consolidation phase, indicating that this sector could enhance the overall US market. Real Estate The real estate sector has faced challenges for a considerable time, with the index suffering a significant downturn. However, following a recent breakthrough, the index is making progress toward recovery.
SP:SPFLong
by NaranjCapital
1
SasanSeifi| Mid-Term Bearish Outlook for Dollar Index! (5Day)Hey there, In the 5-day long-term timeframe, the TVC:DXY faced a correction from the supply zone around $106.500. After some minor fluctuations within this range, the price, failing to stabilize above the $106 level, encountered a renewed downtrend from the bearish order block. Currently, a strong bearish momentum is observed, and the midterm outlook remains predominantly bearish. It is expected that, in the midterm timeframe, the price will move toward the identified demand zone, with a potential decline to the corrective target around $99 to $98.73, especially after breaking the $100.600 to $100 range. Once this area is reached, there is a possibility of a positive price reaction. To better understand the future movement of the Dollar Index, it's crucial to closely monitor how the price reacts to these corrective targets. However, if the downtrend continues and the $98 level is breached, and the price stabilizes below it, the next corrective target could be around $97.50 to $96. To better understand the future movement of the Dollar Index, it's essential to keep a close watch on how the price reacts to these corrective targets. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
TVC:DXYShort
by SasanSeifi
Resistance is ahead! Can the Dow Jones make a break through? The index is clearly demonstrating a strong upward trend, consistently achieving higher highs and higher lows. During this upward movement, it previously established a bullish Pole & Flag pattern, and after breaking out, the index has continued to rise. At present, the index is trading just beneath its next resistance level. If the Dow Jones manage to break through and hold above this breakout point, it is likely to initiate a new rally.
BLACKBULL:US30Long
by NaranjCapital
The US index has been declining for three weeks. What's ahead?S&P 500 After the Cup & Handle pattern breakout, the market surged to nearly 5,670, setting a new record high. Since then, the index has been on a downward trend for the last three weeks, forming the Three Black Crows chart pattern, signaling a bearish outlook. With the current market conditions, it is expected that potential support will be around the 4,400-4,500 level. Nasdaq 100 The US tech index has experienced a significant increase in momentum and achieved a respectable gain over the last 8-9 months. However, the index encountered a strong resistance near the 20,700 level, which is its all-time high. With three consecutive weeks of decline, the index appears to be in a weakened state and may revisit the 15,500-15,600 level for support before rebounding.
SP:SPX
by NaranjCapital
US Banks & Financial Sectors are ready for another fabulous riseNasdaq Banks The bank index has been on a rollercoaster ride, witnessing numerous price fluctuations. Following the breakout of the double bottom pattern, the index surged and formed a Rising Wedge pattern. However, once the pattern broke downwards, the bank index experienced a significant decline. Upon hitting a support level around 2,650, the index established a Double Bottom pattern, signaling a potential trend reversal. Subsequent to the breakout above the neckline, the bank index began consolidating within a tight range. Most recently, another breakout has occurred, setting the stage for a potential upward rally. S&P 500 Financials After the market crash in 2020, the index fell into an oversold zone and stayed in a period of consolidation within an Ascending Triangle formation. Following this breakout, the financial index experienced a strong rally to the upside. However, it struggled to break above the 700 level and began to decline. Subsequently, the index went through a lengthy consolidation inside a Box formation. After another breakthrough, the index surged once more and created a bullish Pole & Flag pattern. With a recent breakout, the financial index is poised for another upswing.
BLong
by NaranjCapital
S&P500 - Was this already the all time high?SP:SPX is still massively bullish on the smaller timeframes despite retesting strong resistance. Sometimes trading can be soo simple but yet rewarding. You simply have to buy the S&P500 at support and sell your position at resistance. At the moment, the S&P500 is once again retesting a resistance trendline, which has been pushing price lower for more than 14 years and there is just an extraordinary high chance that we will again see a rejection. Don't say I did't warn you! Levels to watch: $5.600, $4.800 Keep your long term vision, Philip - BasicTrading
TVC:SPXShort
by basictradingtv
9
NYSE Composite - Price Action Consolidated In A Triangle Pattern(1) The price was in an upward trend before reaching the 17,500 level. (2) Following that, the price began to decrease, experiencing a drop of nearly 21%. (3) After finding support near the 13,300 level, the price rose and broke through the neckline of the Inverted Head & Shoulder pattern. (4) Subsequently, the price increased and is currently consolidating within a triangle pattern. (5) If the price successfully breaks out, the potential resistance level will be around 19,650.
NYSE:NYA
by NaranjCapital
The US Small Cap Stocks Are Gearing Up for a Bull Run After a sharp decline in March 2020, the index showed resilience and made a significant upward move, approaching the 3,250 level. Following that, Russel 2000 went into a period of consolidation and traded within a narrow range. A bullish Pole & Flag pattern was identified on the chart during this consolidation phase. Despite breaking out of the pattern, the index faced strong resistance and subsequently declined. After finding support around 1,650, the index consolidated around this level for an extended period. With a recent breakout, Russel 2000 appears to be strong at the moment and preparing for the next upward movement.
CAPITALCOM:RTYLong
by NaranjCapital
NASDAQ Composite - The Momentum Will Continue Till 19,250(1) After a notable increase, the price reached the 16,200 level before facing a sharp decline of approximately 37%. (2) Following this, the price found solid support near the 10,150 level and started to climb again. (3) After a two-year consolidation period, the price finally broke through its resistance level and surged upwards. (4) A Cup & Handle pattern emerged on the weekly chart, suggesting a continuation of the upward trend. (5) Currently, the price is at its all-time high, nearing a potential resistance level around 19,250.
NASDAQ:IXIC
by NaranjCapital
Technical Analysis Of NYSE Composite Index In Daily Timeframe (1) After the breakout of the Rounding Bottom pattern, price has given a sharp upside rally and reached to its previous All Time High at near 18,340. (2) After that, a sharp correction has been seen, which was quite natural. Price took support at near 17,380 level. (3) Then with a strong up move, price made a fresh All Time High at near 18,400 level. (4) 18,330 level will act as an immediate support level for the price and It is expected that the price will go up again from this level and achieve new highs. (5) The overall sentiments will remain positive until the price is trading above the 17,380 level.
NYSE:NYA
by NaranjCapital
JSE 40 Index | Daily | Speculation Looking at the JSE 40 all-share Index on the daily chart we can take note that the index has been trading downwards since peaking sometime during Feb 23, now looking to the left again we can take note that after the release of the 1st quarter Dividend & Earnings release the JSE drop on both accounts. Now looking to the right, we can take note that the JSE has been hovering/consolidating on our 8,988 level for the past few days ahead of this weeks CPI, PPI & SARB Interest Rate announcements. Looking further to our right we can expect the JSE to push up from 8,988 to around 9,843 or 10,017 before heading down to 8,229. Else we can expect the JSE to just tumble down to 8,229 if it closes below 8,988. Potential Market Movers: CPI (MoM) - Apr :: 24 May 2023 PPI (MoM) - Apr :: 25 May 2023 SARB Interest Rates :: 25 May 2023
JSE:JSE
by mosa_moshka
Eagle Eye Investor looks at both Macro and Micro angles. Having an Eagle Eye from above on the sector gives us an overall perspective how the group of companies with similar business might perform. Having seen the performance or out performance of the sector we can than fine tune our direction towards one or two top companies of that particular sector or the companies that look best on charts in that particular sector so that we can maximize our gains from the market. Investor has to understand that this is not a foolproof plan of investing and lot of other things like fundamentals of the companies one is investing in and other factors should be considered before investing. However more often than not when a sector outperforms or an index outperforms others indices generally companies of that particular business segment tend to do well along with that particular index. Vice versa if that particular sector is giving a breakdown or is sending weak signals on the chart one can decrease allocation or exit the sector or investment in the sector if needed based on the chart or fundamentals of that particular company. To do this one has to know the charts well and understand buy and sell signals on the chart pretty well. To become an expert in Techo-Funda analysis you can contact us or interact in the reply to this message. Today we will have a look at Bank Nifty to understand this further. Below is the chart of Bank Nifty: From the look at the chart we can understand Bank Nifty has taken support at 200 days EMA and is going towards 50 days EMA. Once Bank nifty crosses 50 days EMA there can be a very good rally seen in this particular index. The rally can be in the range of 2 to 8% is what we can assume based on the resistances seen in the form of red lines on the chart. The green lines in addition of 200 EMA are supports. Right now 50 EMA will act as a resistance but if we get a closing above this ‘Mother line’, 50 EMA might also become a support. The analysis presented here is for you to understand how support and resistances work and should not be considered for buying or selling Bank Nifty. The purpose is to provide our readers a perspective for looking always at the bigger picture. An investor should have the knowledge of Micro and well as Macro causes affecting the investment. Having understood that Banking index might do well an investor can further have a look at constituents of this index which are Hdfc Bank, Kotak Bank, ICICI Bank, PNB, SBI, Axis bank, AU bank, Federal Bank, Bank of Baroda as well as Bandhan Bank. After having studied the technical and the fundamentals of all these companies an investor can further decide where he can make a positional or long term investment. Such an approach will definitely act as a safety net for investor. This kind of approach can also be compared to taking the second opinion of a Doctor before going for any medical procedure. Remember that now all the stocks in an index will move equally some will move faster, some will move at the same pace, some will move slowly and some will not move at all or move negatively. You have to be smart in selection of your stocks from the particular index and you will surely be able to beat the market and Ace the Art of investing. Disclaimer: Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature.
NSE:BANKNIFTYEducation
by Happy_Candles_Investment