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SWING IDEA - KPR MILL LTDToday, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity. Reasons are listed below : KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential strength. Weekly charts showcase a bullish dragonfly doji, signaling a potential trend reversal, while daily charts reveal a bullish hammer pattern, enhancing positive sentiment. The stock bounced precisely off the 200-day Exponential Moving Average (EMA) on the daily chart, highlighting this level as a robust support. Continuous formation of higher highs affirms the sustained uptrend in KPR Mill Ltd, reflecting positive market sentiment. With the stock trading above both the 50-day and 200-day EMAs, there is added strength to the current positive trend. Target - 861 // 928 // 1050 StopLoss - weekly close below 716 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:KPRMILLLong
by Visionary_Growth_Insights
6
SasanSeifi|Is a Breakout Looming? Watch the 0.35 Resistance!Hey there, ✌ In the daily timeframe, as you can see, the price has entered a consolidation phase between 0.25 and 0.35 cents after a downward trend, maintaining the 0.25 cent level for nearly five months. Currently, the price is trading around the descending trend line at 0.31 cents. If we see demand and a breakout above the significant resistance level of 0.35 cents, and it holds, we can expect the price to rise towards the target of 0.40 to 0.42 cents. To understand the continuation of the trend, we should monitor how the price reacts at the first target. We may observe a pullback and then a renewed rise towards the supply area of the second target at 0.47 to 0.50 cents. The crucial support level remains at 0.25 cents. If the price does not behave as expected and breaks below 0.25 cents, the likelihood of further correction will increase. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
XAUUSD TRADE IDEAhi all Gold is currently trading within a 4-hour range. The price has already broken the initial trendline. Now, we are waiting for the second trendline, which is between the high of $2,672.96 and the low of $2,631.92, to break. A pullback to the 0.236% Fibonacci extension area might provide an opportunity to buy the dip and cut the position if the candle closes below $2,634.37. **My trading strategy is not intended to be a signal. It’s a process of learning about market structure and sharpening my trading skills, as well as for my trade journal.**
FX:XAUUSDLong
by mytw0cents
Ethereum Closes with 10% Loss, Testing Key Support at $2,400Market Update: Ethereum had a challenging week, closing with a 10% loss, briefly dipping below $2,400. ETH is now attempting to reconfirm $2,400 as support after wiping out all gains from September, turning market bias bearish. Technical Outlook: Ethereum is on the verge of making a lower low, and the coming days are crucial for the remainder of the month. If weakness persists, the price could drop to $2,200, but if buyers return, a recovery towards $2,500 is possible. #Ethereum #ETH #CryptoMarket #BearishBias #PriceAction #SupportLevels #ETHUpdate
COINBASE:ETHUSD
by Richtv_official
Gold Price Analysis October 4Fundamental Analysis Gold (XAU/USD) attracted some buyers on Friday and rose to $2,668, or the top of its weekly range heading into the European session. The US dollar (USD) eased slightly from a one-month high hit on Thursday and now appears to have stalled this week’s decent recovery from its lowest since July 2023. This, coupled with geopolitical risks stemming from ongoing conflicts in the Middle East, turned out to be the main factors driving some haven flows into the precious metal. That said, the diminishing likelihood of a more aggressive Federal Reserve (Fed) easing policy should help limit any meaningful decline in the USD and limit upside for non-yielding Gold. Traders may also prefer to wait for the closely watched US monthly employment data release before positioning for the next leg of a directional move. However, XAU/USD remains close to the all-time highs reached last week and the fundamental backdrop appears to be tilted heavily towards bullish traders. Technical Analysis Gold has responded to technical support on the trendline and is likely to trade within a narrow range pending NFP. 2671 and 2643 remain key areas to watch before price moves towards today’s SELL entry around 2678-2680 and BUY entry around 2635 and 2633. Now if price fails to break the key area like 2670 before mid-European session, we may sell ahead of the NF news and try to hold the position to the support areas.
OANDA:XAUUSD
by TVS-Trader
2
CRUDE OIL (WTI): Your Trading Plan For Today WTI Crude Oil is testing a significant falling trend line on a daily. To short that with a confirmation, pay attention to a descending triangle pattern on an hourly time frame. Your signal will be a breakout of its horizontal neckline - an hourly candle close below 73.46. Short the market aggressively or on a retest, then. Targets: 73.07 / 72.85 Alternatively, a bullish violation of a trend line will be a strong bullish signal. ❤️Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
1
2024-10-03 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax - Look at the xetra 1h chart because it’s clearer there than on futures. 4 legs down and we have not touched the 1h 20ema on xetra since Tuesday. Strong follow through selling and there is an open gap down to 18928. Since we are seeing continues episodes of buying, I do expect this gap to get closed on a spike and we might go neutral or green into the weekend. We are right at the bull trend line from beginning of August and I highly doubt it will get broken on the second touch. comment : Clear picture on the xetra chart. Close enough to the bull trend line to expect a big bounce upwards to 19200 or higher. If bears win this, next good support is 18800ish. I favor the bulls if they break strongly above the 1h 20ema tomorrow. current market cycle: bull trend (big trend line is currently at 18950 on xetra) key levels: 19000 - 20000 bull case: Bulls are trying and buying in between the bear legs and one side will give up for a bigger move soon. Since this is the second touch of the bull trend line from early August, I have to favor the bulls. Their first target is a 1h bar close above 19100 and if the move is strong enough, we see more bears giving up and they will probably wait before shorting again higher. Second target is 19200 (50% pullback). Invalidation is below 18800. bear case: Bears continue to sell every rip near the 1h 20ema but the selling is getting weaker and they barely made new lows today. It’s either go big or go home for the bears. Strong break below the bull trend line 18900 is their only option or give up and try to short higher (19200 or wait for 19500). Invalidation is above 19150. short term: Neutral again at 19000. Big round number, should be huge support and my bias is bullish for tomorrow. medium-long term - Update from 2024-09-01: 4 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Next 2000 Points will be made to the downside but it’s too early to short this. current swing trade : None trade of the day: Short near the 1h 20ema, again. Or buying 19000. Obvious trades in hindsight…
XETR:DAX
by priceactiontds
2024-10-03 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr oil - Continues to be wild. Got stopped out too many times today and wanted to hurt myself. Huge tails on daily bars above and today a 350 (5%) tick ripper. Bulls just melted through the bear trend line. Can absolutely be a bull trap and we see another giant pullback but for now I would not short it. If anything, I am not touching this for couple of day I think. comment : Market was very two sided until the spike above 72.20 happened. Market also did not accomplish anything after that spike, which leaves us not that much smarter going into tomorrow. It could very well see a big pullback or even proving to be a bull trap near the bear trend line. current market cycle : trading range inside big broad bear channel from the daily chart. If bulls continue above 74, it’s likely a new bull trend and could get us to 78. key levels : 66 - 74 bull case: Bulls let it drop below 67 and still managed to rip 300 ticks higher. Wild times currently. If you are a bull and want to buy this, you need really wide stops or wait for insane pullbacks. Not easy to trade. Bulls want a breakout above the bear trend line and hit 75. Above 75 is most likely no resistance until 77. Since the pullbacks are so deep, I doubt there are many bulls who want to buy 74 in hopes of breaking the trend line but I am open for surprises. Invalidation is below 70.4. bear case: Bears have the do or die moment at 74. Defend the bear trend or give up until we hit the next big bear trend line around 78. Given the erratic moves, bears are alive and well, mostly anyway. Anything below 71 would be a huge win for the bears tomorrow. Daily 20 ema is also flat, decreases the chance for the bulls. Invalidation is above 74.2. short term: Neutral around 74. Bearish below 73 for 70 again. If bulls can continue above 74.2, we could see more giving up by the bears and another strong move to 76 or 78. Very low probability though. medium-long term - Update from 2024-09-08: Bears broke below multi month support and want a retest of 64.46 or lower. Right now the selling is a bit too steep to be sustainable. When we get a more complex pullback and form a decent channel, I will write a longer update here. Can this bear trend be the start of a bigger where we see Oil below 50$ again? I have absolutely no idea but the current daily chart can not not lead to that conclusion. current swing trade: None trade of the day: Not going there today. You can’t expect this spike. Don’t fool yourself.
NYMEX:MCL1!
by priceactiontds