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SWING IDEA - CAPRI GLOBAL CAPITALCapri Global Capital , a prominent non-banking financial company (NBFC), is showing technical indicators that suggest a promising swing trading opportunity. Reasons are listed below : 200 Zone is a Strong Support Zone : The 200 level has been established as a strong support zone, providing a solid base for potential upward movement. Bullish Engulfing on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement. Support at 50 EMA : The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the bullish sentiment and providing a strong support level. 0.618 Fibonacci Support : The stock is finding support at the 0.618 Fibonacci retracement level, a key area where prices often bounce back, indicating potential for an upward move. Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 250 // 290 Stoploss - weekly close below 197 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:CGCLLong
by Visionary_Growth_Insights
SWING IDEA - EQUITAS SMALL FINANCE BANKEquitas Small Finance Bank , a leading small finance bank in India, is showing promising signs for a potential swing trade. Reasons are listed below : 75 Zone as a Strong Support Zone : The 75 level has proven to be a solid support zone, providing a strong foundation for a potential upward move. Bullish Hammer on Weekly Timeframe : The formation of a bullish hammer on the weekly chart, which also engulfed the previous week's candle, indicates strong buying pressure and a potential reversal from the support level. 0.5 Fibonacci Support : The stock is currently resting at the 0.5 Fibonacci retracement level, a key area where buyers often step in to push the price higher. Gradual Uptick in Volumes : An increasing volume trend suggests growing investor interest, further supporting the potential for a bullish move. Target - 95 // 105 // 115 Stoploss - weekly close below 72 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:EQUITASBNKLong
by Visionary_Growth_Insights
3
NVDA we ended the week with an Inside Candle What this means?Nvidia NOTE: We closed the week with an "inside candle" as the last candle. What does this mean? Last week, we analyzed the price movement, basing it on the idea that with strong momentum and divergence, the price could continue upward. However, for it to reach the point of interest, the price needed to make its natural retracement. And that’s exactly what happened (I can hardly believe it myself). The objective was met, and the price reached our highest point of interest. The issue here is that Nvidia still has a long way to go before it can make that bullish push! The week closed with an "inside candle," or what some refer to as a "pregnant candle" (don't blame me, that's what they call it). This type of candle pattern is bearish because it's when a candle loses momentum and starts to change direction. And it's quite obvious—if you can see, my point of interest comes from none other than an institutional liquidity zone. The price may start to struggle in this area, but that doesn’t mean it will fall drastically. No! Let me explain: NVDA has been coming with a lot of strength since last week, and upon reaching an area where the price has historically retraced, it’s clear that this zone is like a swamp. The price will face the challenge of getting out of this swamp. So... The price comes in strong, touches an institutional zone, pauses, and starts forming bearish candle patterns. What is the price telling you? To wait! The price will most likely make a retracement but will create a range where it will try 1, 2, 3 times or more to break out of this swampy area. What should we be watching for? 1. Strong volume, and 2. A ranging channel fluctuating between supply and demand, which is essentially accumulating for the next push. In the meantime, we’ll see what movement happens next week. Best regards, and thank you for supporting my analysis.
NASDAQ:NVDA
by RocketMike111
2
SPY Loosing Momentum ! SPYLOVERS DONT PANIC ! Its OKAfter several weeks of analysis, the price reached its all-time highs twice, creating a new extreme. Att his moment is what i call in a no man's land zone. But what do I see in the overall structure? If you can clearly identify the yellow upward channel, I want you to split it in half, and we will analyze the two parts. In the first half, we have an active price movement, with clear fluctuations between support and resistance. The high volatility causes the price to move in waves, perfectly respecting support and resistance. But if you can manage to identify the second half, up until the end of the channel, you'll see that the price shows signs of exhaustion. Exhaustion, how? When the price stops having that volatility everyone is looking for, and begins to slow down and starts moving like a worm along the edge of the channel’s support, showing small candles and, above all, losing momentum. (In the chart, I want you to identify the price exhaustion by marking it with a small symbol of a worm crawling along the channel's support.) This type of behavior happens frequently when the price is losing momentum. In this type of scenario, I am more than certain that we will soon see a move where the price might break out of the yellow channel. Most likely, we will see the price make its natural retracement. After achieving two all-time highs, I believe it's time for the price to take a break, either to consolidate or make a quick decision. Nevertheless, I am expecting the price to make its natural pullback in the coming week. We’ll see if it happens. Best regards, and thank you for supporting my analysis.
AMEX:SPY
by RocketMike111
Gold Price Analysis October 18Fundamental Analysis Gold prices rose above $2,700, hitting a fresh record high on Friday amid expectations of interest rate cuts and an easing monetary policy environment from major central banks. Moreover, persistent geopolitical risks stemming from ongoing conflicts in the Middle East, coupled with uncertainty surrounding the US presidential election, appeared to be boosting demand for the safe-haven precious metal. The supportive factors have, to a large extent, offset the recent rally in the US Dollar (USD) to its highest since August, bolstered by growing acceptance that the Federal Reserve (Fed) will proceed with a modest rate cut. A stronger dollar tends to dampen demand for USD-denominated commodities, including Gold, which is still on track to post strong weekly gains and looks set to rise further. Technical Analysis Good morning traders. Gold continues to be at an all-time high. It is quite difficult to determine where the SELL zone is at the moment. We can only Scalp at the psychological port areas around 2720-2730. The important BUY zone is more clearly considered at 2675-2673. Before that, we cannot ignore the 2685 zone, the temporary all-time high for more than a month. Wish you a successful trading day
OANDA:XAUUSD
by TVS-Trader
[INTRADAY] #BANKNIFTY PE & CE Levels(18/10/2024)Today will be slightly gap down opening expected in banknifty. Expected opening near 51050 level. After opening if banknifty sustain above 51050 level then possible short correction upto 51450 level. 51450 level will act as a strong upside resistance for today's session. Any bullish rally only expected if banknifty starts trading above 51550 level. Downside in case banknifty gives breakdown of 50950 level then sharp 400-500+ points downside rally expected.
NSE:BANKNIFTY
by TradZoo
SWING IDEA - FIVE STAR BUSINESS FINANCE LTDFive Star Business Finance, a leading NBFC (Non-Banking Financial Company) providing small business loans, is showing promising technical indicators for a potential swing trade. Reasons are listed below : 750-780 Levels Tested Multiple Times : The 750-780 levels have been significant resistance zones. The price is again attempting to break through these levels, indicating strong bullish momentum. Bullish Marubozu on Daily Timeframe : The recent formation of a bullish marubozu candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement. Bullish Engulfing Candle on Weekly Timeframe : The weekly chart shows a bullish engulfing candle, which engulfs the previous week's candle, signaling a strong shift towards bullish sentiment. 0.5 Fibonacci Support : The stock is finding support at the 0.5 Fibonacci retracement level, suggesting a strong base for a potential upward move. Breaking 6-Month Consolidation Zone : Five Star Business Finance is breaking out of a consolidation phase that lasted for 6 months, indicating the potential for a new bullish trend. Trading Above 50 and 200 EMA on Daily Timeframe : The stock is trading above both the 50-day and 200-day exponential moving averages, indicating a strong uptrend and providing robust support levels. Consistent Higher Highs : The stock has been consistently making higher highs, reflecting ongoing bullish sentiment and a sustained uptrend. Target - 875 // 950 Stoploss - weekly close below 685 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:FIVESTARLong
by Visionary_Growth_Insights
SWING IDEA - SHREE RENUKA SUGARRenuka Sugars , a leading sugar manufacturer in India with a strong presence in ethanol production, is showing a promising swing trade setup. Reasons are listed below : 53 Zone Breakout : The 53 zone, a previously strong resistance, has been breached, indicating potential upward momentum. Bullish Marubozu Candle on Daily Timeframe : A bullish marubozu candle has formed, reflecting strong buying pressure. Crossing 52-Week High : The stock is crossing its 52-week high, signaling strength and potential continuation of the uptrend. Volume Spike : A noticeable increase in volumes suggests strong market participation, further supporting the breakout. Target - 65 // 75 Stoploss - daily close below 45 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:RENUKALong
by Visionary_Growth_Insights
2
Pure Price Action Top Down Analysis of EURUSD2023 saw EU create a bullish opening range in H1, and H2 2023 opened only to raid stop orders from early trading that year before expanding to the upside. This PA created a bullish range which was retraced to the demand zone left in the wake of that previous expansion in April 2024, leaving behind what I suppose should be the low of the year. The Fiber has since continued bullish but appears to be stalling now in order to gather further internal bullish liquidity (SSL) to garner enough momentum for the move towards the BSL from 2022. Anticipation here is to capitalize on the bullish continuation towards the liquidity above the current dealing range but we are also aware of internal levels price might bounce from before that reversal happens. As EU approaches the nearest demand, we anticipate it could find support there for a retracement of the recent selloff experienced which potentially can be a decent opportunity to go long momentarily. Ultimately, the lower demand zone below the SSL(1.071) is where we expect to see major longs come in. Feel free to leave comments, reviews and criticisms, we look forward to building a very strong community of price action wizards with you all. GLGT, LloydFx
Long
by LloydFX
3
Gold Price Analysis October 16Fundamental Analysis Gold prices traded in a positive bias for the second consecutive day and maintained intraday gains near the $2,675 region or a three-week high in the first half of the European session on Wednesday. Amid persistent geopolitical risks, disappointment over the lack of details on China’s fiscal stimulus dampened investor appetite for riskier assets. This was evident in the weaker tone in equity markets and turned out to be a key factor in favor of the safe-haven precious metal. Meanwhile, anti-risk flows led to a further decline in US Treasury yields and provided further support to non-yielding gold. That said, the solid expectations of less aggressive easing by the Federal Reserve (Fed) and bets on a regular 25 basis points (bps) rate cut in November will act as a driver of US bond yields. This, in turn, has lifted the US dollar (USD) to its highest in more than two months and could deter bullish traders from placing fresh bets on the commodity. Technical Analysis Gold’s break above 2680 is currently unresponsive. SELL points are in focus around 2684-2686. Above this level, only the 2700 price zone remains. A pullback is increasingly unlikely as the key area of ​​interest will be today’s Asian session low around 2660. Wishing you a successful trading day. A scalping hook around 2670 could be a breakout point as the European session enters but this point is likely to be false
OANDA:XAUUSD
by TVS-Trader
Gold Price Analysis October 15Fundamental Analysis Gold prices found some support near the $2,638 region during the early European session on Tuesday and now appear to have halted its modest pullback from the more than one-week high reached the previous day. Persistent geopolitical risks and fears of a broader conflict in the Middle East turned out to be a major factor providing some support to the safe-haven precious metal. However, any meaningful upside move in Gold prices appears to remain elusive amid continued buying in the US Dollar (USD), which remains well supported by expectations of a less aggressive easing policy from the Federal Reserve (Fed). Moreover, disappointment over China’s fiscal stimulus measures has failed to boost investor confidence and may have contributed to limiting the upside in XAU/USD. Technical analysis Note the US session port area last night around 2660 to set up a SELL signal when the European session cannot break out of that area. Port 2638 is considered an important European session price port when Gold has reacted strongly, when the gold price comes there may be another reaction. The main BUY zone when the US session is expanded to 2630-2628. The extended resistance zone of the US session is expanded to 2668-2670. Wish you successful trading
OANDA:XAUUSD
by TVS-Trader
Gold Price Analysis October 14Fundamental Analysis Gold prices rose for a third straight day on Monday, rising to $2,667, or above a one-week high, in early European trading on Monday. Expectations that the Federal Reserve will continue to cut interest rates amid a favorable inflation outlook were the main factor driving flows into the non-yielding yellow metal. In addition, escalating geopolitical tensions in the Middle East also provided additional support for safe-haven bullion. Meanwhile, U.S. Treasury yields and the U.S. dollar (USD) remained elevated amid rising bets for a less aggressive easing policy from the U.S. central bank. This, coupled with a generally positive risk tone and optimism over China’s commitment to increase debt to revive its economy, could keep safe-haven bullion from gaining any further ground. This, in turn, warrants some caution for bullish traders and before positioning for any further upside amid a partial holiday in the US. Technical Analysis With the bank holiday, gold’s range bounds are unlikely to see a strong breakout. The 2665 high is seen as the top zone for today if the price fails to break above this zone by mid-European session. SELL entries can be established around the current price zone and the target level is expected to be around 264x-262x. The 2740 zone remains a strong and notable port zone for today.
OANDA:XAUUSD
by TVS-Trader
4