SWING IDEA - DEEPAK NITRITE LTDDeepak Nitrite , a leading chemical company known for its diverse product portfolio, is showing a promising setup for swing trading.
Reasons are listed below :
2500 Support Zone : The price is resting on a well-tested support level around 2500, adding to the reliability of a potential bounce.
Hammer Candle on Weekly Timeframe : The appearance of a hammer candle suggests a reversal could be on the horizon as buyers regain control.
Golden Fibonacci Support : The current price aligns with a key Fibonacci retracement level, providing additional support.
50 EMA Support on Weekly Timeframe : The price holding above the 50 EMA is a sign of continued strength and underlying support.
Trend Intact with Higher Highs and Higher Lows : The consistent formation of higher highs and higher lows reinforces a bullish trend.
Target - 3000 // 3170
Stoploss - weekly close below 2440
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
Priceactionanalysis
SWING IDEA - CAPLIN POINT LABORATORIESCaplin Point Laboratories , a leading pharmaceutical company known for its strong presence in regulated and emerging markets, presents a promising swing trade opportunity based on the following technical factors:
Reasons are listed below :
2100 Resistance Break : The stock has decisively broken the 2100 resistance level, signaling strength and potential for further upside.
Head and Shoulder Pattern Breakout : A classic bullish reversal pattern, indicating a continuation of the uptrend.
Bullish Marubozu Candle : A strong bullish candle on the daily timeframe showcases significant buying interest and momentum.
Trading Above Key Moving Averages : The price is comfortably above the 50 and 200 EMAs on the daily timeframe, reinforcing the bullish sentiment.
Target - 2390 // 2600
Stoploss - daily close below 2060
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
Gold Price Analysis December 4Fundamental Analysis
Gold prices traded in a positive bias for the second consecutive day on Wednesday, despite lacking bullish conviction and remaining confined within the familiar range that has held for the past week or so. Traders appear reluctant at the moment, opting to wait for further signals on the Federal Reserve’s (Fed) interest rate cut path before placing any directional bets. As such, the market focus will remain on Fed Chairman Jerome Powell’s speech later today, along with Friday’s US Non-Farm Payrolls (NFP) report, which will guide policymakers on their next monetary policy decision.
Technical analysis
breaks the 2647 level once again Gold is heading towards the technical resistance level of 2655. Gold is still trading in the accumulation range waiting for Nonfarm, most likely today there will be no break out of the 55 and 2635 ranges. The sideways market is quite difficult for trend traders. Wait and see how the European session will fluctuate. If it cannot break 2651, you can SELL to 2643-2635. If the price pushes up to 55 but cannot break this area, this is the trading range that can be reported today.
XAUUSD 1HR CHART UPDATEGold 1HR Chart Update ✅✅
The market has made a decisive move, taking out the Buyside Liquidity 🔥. This highlights the precision and predictability of the price action as it sweeps through key levels.
Traders who anticipated this move are now positioned to capitalize on the shift in liquidity. With such precision, it’s a clear reminder of the importance of patience and analysis in navigating the market.
Stay focused—more opportunities are unfolding ahead!
#NIFTY Intraday Support and Resistance Levels - 04/12/2024Gap up opening expected in nifty near the 24550 level. 24450-24550 zone will act as a consolidation zone for today's session. Nifty will give strong upside rally if it's starts trading and sustain above the 24550 level. This rally can goes upto 24750+ level in today's session. Any major downside expected below the 24450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(04/12/2024)Today will be gap up opening expected in banknifty. Expected opening near 53000 level. After opening if banknifty starts trading and sustain above 53050 level then possible strong upside rally of 400-500+ points in index. Downside 52550 level will act as a strong support for today's session. Any major downside only expected below the 52450 level.
BANKBARODA 1D TFIn the previous post, NSE:BANKBARODA broke an resistance and moved up. Hence we suggested a long position, but it was a false breakout and the stock turned towards the opposite direction. Though I didn't post, I took a trade thinking that this false breakout is liquidity gained by sellers in order to move down. As expected the stock came down again, once it broke down the resistance turned support, I took the entry. A good R:R was captured. Hence I just wanted to share this to you, so that we can trade such entries in the future together.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
ETH Stalling: Is a Reversal Brewing? Price Action Hints at Potential Downside
Ethereum (ETH) bulls seem to be losing control. After a strong surge, the price action is showing signs of fatigue. Here's what we're seeing:
Resistance Rejection: ETH has struggled to break above ~$3600. This inability to achieve this key level suggests the buying power is waning. This key level is acting like a ceiling, with sellers aggressively defending it.
Keep a close eye on the ~$3600 level. A break above this level could confirm a reversal and send ETH towards higher highs. White Box's indicate potential Take Profit Zones.
What do YOU think? Is this the end of the ETH rally?
Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. Further levels will be posted as the price action develops.
Gold price analysis December 3Fundamental Analysis
The focus now appears to have shifted to the Fed policy outlook following the latest speeches from several Fed policymakers and ahead of Friday's Non-Farm Payrolls (NFP) data. Trump threatened to impose 100% tariffs on Brazil, Russia, India, China and South Africa if they create a new currency or support another one to replace the Greenback.
However, a rebound in safe-haven demand for the USD early on Tuesday kept gold buyers on their toes. Persistent concerns about China's economy and Trump's threat of global tariffs remain a drag on investor sentiment.
Gold's next move will likely depend on upcoming US jobs data and its impact on Fed rate cut expectations. Meanwhile, gold traders remain wary of geopolitical tensions between Russia and Ukraine, between Israel and Iran, which could have a strong impact on the traditional safe haven asset, gold.
Technical analysis
The immediate price range that gold is facing is the 2633 and 2652 zones. The 2633 zone has been relatively weak as the Asian session tested this zone once. If the 33 zone fails to hold, 2629 will become a buffer for gold before finding the main support zone of 2618. The US port zone of 2652 last night is also relatively strong at the moment and it is relatively difficult for gold to overcome and reach 2662 today.
Gold price analysis November 26Fundamental analysis
Gold prices struggled to capitalize on an intraday rebound from a one-week low of $2,600 and remained low for a second straight day heading into the European session on Tuesday. US President-elect Donald Trump’s tariff threat prompted some safe-haven flows and provided a modest intraday gain for the safe-haven precious metal. However, expectations of a less dovish Federal Reserve (Fed) capped gains in the non-yielding yellow metal.
Meanwhile, growing market confidence that Trump’s expansionary policies will stoke inflation and force the Fed to cut interest rates gradually has triggered a fresh rally in US Treasury yields. This has helped the US Dollar (USD) regain positive momentum and has become another factor undermining demand for gold. Additionally, optimism over Scott Bessent's nomination as US Treasury Secretary and the possibility of a ceasefire between Israel and Hezbollah have kept XAU/USD in check.
Technical Analysis
2606 has become an important support zone to keep gold prices above 2600. Any sign of gold breaking the immediate port level of 2611 will send gold to 2606 where support is the most important key zone for gold prices today. If this zone is broken, we will pay attention to the next support zone around 2591 and 2580. 2631 and 2649 have become two important resistance zones today when gold prices break the upper border and close above 2618.
#NIFTY Intraday Support and Resistance Levels - 03/12/2024Flat or slightly gap up opening expected in nifty. After opening important level for nifty is 24350. If nifty gives breakout of this level then possible strong upside rally upto 24550 in today's session. Downside 24050 will act as an strong and important support for nifty. Any major downside only expected below this support level.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/12/2024)Today will be flat or slightly gap up opening expected in banknifty. After opening if it's sustain above 52050 level then expected upside rally upto 52450+ level in today's session. Expected banknifty will trade in between range of 52050 to 52450 zone. In case banknifty starts trading below 51950 level then possible major downside rally in index.
#NIFTY Intraday Support and Resistance Levels - 02/12/2024Gap up opening expected in nifty near 24300 level. After opening it will face an immediate resistance at this level. After opening if nifty starts trading above 24350 level then possible strong bullish rally towards the 24550 level. Downside 24050 level will act as strong support for today's session. Any major downside rally only expected below this support level.
[INTRADAY] #BANKNIFTY PE & CE Levels(02/12/2024)Today will be gap up opening expected in banknifty near 52500 level. After opening if banknifty starts trading above 52550 level then expected further bullish rally towards the 52950 level. After opening it will immediately face resistance at 52500 level if any reversal then possible downside movement upto 52050 and this can be extend for further 400-500 points if banknifty gives breakdown of 51950 level.
SasanSeifi| Beginning of a Move to Higher Targets?Hey there, ✌ On the daily timeframe KUCOIN:ILVUSDT , we can see that the price has shown a relative increase from the $30 support zone and managed to rise up to the $46 area after breaking the previous high at $42. Following this upward move, the price pulled back to the $36 level and experienced a positive reaction, resuming its growth.
The overall market outlook is bullish, and given the current conditions, if the price stabilizes above the $42 level, the uptrend is expected to continue. In this case, the price could potentially move toward key targets of $47 and $53, with momentum possibly pushing it to $60. Reaching these new levels could indicate the formation of a Higher High (HH).
Monitoring price reactions at key levels, especially after surpassing the $41 zone, is crucial. The current major support level is $36.
💢 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!✌
SasanSeifi| Can It Hit $2.50!? Hey there,By analyzing the daily chart of BINANCE:THETAUSDT , we can see that the price has made a significant move up from its low towards the supply zone. Currently, the price is reacting to the supply zone and we are witnessing a pullback. Based on the overall market conditions, my view remains bullish.
My Expectation:If the price holds the support level at $1.50, it could potentially rise to targets of $2.00, $2.20, and the supply zone around $2.50. If the price continues to rise, we need to observe its reactions to better understand the continuation of the trend. The key support level is $1.50.
💡 Keep in mind, this is just my personal perspective and shouldn't be considered as financial advice. I’d love to hear your thoughts and engage in a discussion!
Happy trading!✌😎
Feel free to reach out if you have any questions or need more clarification. I'm always here to assist!✌
If you want any further adjustments, just let me know!
SWING IDEA - JUBILANT PHARMOVAJubilant Pharmova , a diversified global pharmaceutical and life sciences company, offers an attractive swing trade setup with the following technical factors.
Reasons are listed below :
Break of 1000 Resistance : The price has decisively broken above the significant 1000 level and is sustaining, indicating strength and bullish momentum.
Consolidation Breakout : The stock is breaking out of a consolidation phase lasting over 6 years, suggesting a potential long-term uptrend.
Volume Spike : Increased trading volumes highlight growing investor interest and support the breakout.
Engulfing Candle : A bullish engulfing candle on the weekly timeframe reflects strong buying sentiment.
Target - 1450 // 1590
Stoploss - weekly close below 1030
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
SWING IDEA - APTUS VALUE HOUSING Aptus Value Housing Finance , a leading home loan provider focusing on affordable housing, is showing promising signs for a swing trading opportunity.
Reasons are listed below :
370-390 Zone Breakout : This level has been tested multiple times, and the stock is now attempting to break out, indicating potential for further upward movement.
Breaking Consolidation Zone of 3+ Years : The price is emerging from a prolonged consolidation phase, which could lead to a new bullish trend.
Higher Highs and Higher Lows : The trend remains intact with consistent upward movements, suggesting continued strength.
Trading Above Weekly 50 and 100 EMA : The stock is trading above these key moving averages, reinforcing the bullish outlook.
New All-Time High : The stock has made a new all-time high, reflecting strong market sentiment.
Volume Spike : A noticeable increase in trading volume indicates increased buying interest.
Target - 450 // 510
Stoploss - weekly close below 335
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
SWING IDEA - HDFC LIFE INSURANCE HDFC Life Insurance , one of India's leading life insurance companies, is showing strong technical signals for a swing trade.
Reasons are listed below :
750 Zone Breakout : This level has been tested several times and the stock is now poised to break out, indicating potential upward momentum.
Breaking Consolidation Zone of 3.5+ Years : The stock is emerging from a prolonged consolidation phase, which could signal the start of a new bullish trend.
Highest 52-Week Close : It recently achieved its highest close in the past 52 weeks, reflecting strong market sentiment.
Trading Near All-Time High : The price is approaching its all-time high, showing that the bullish momentum is intact.
Trading Above Weekly 50 and 200 EMA : This reinforces the positive outlook, with the stock maintaining its position above key moving averages.
Target - 870 // 990
Stoploss - weekly close below 660
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
#NIFTY Intraday Support and Resistance Levels - 29/11/2024Expected slightly gap up opening in nifty above 24000 level. After opening if it's starts trading and sustain above 24050 level then possible correction rally upto 24250 level in opening session. Downside 150-200 points rally expected below 24000 level. 23800 will act as an important support for today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(29/11/2024)Today will be slightly gap up opening expected in banknifty. After opening if it's sustain above 52050 level then expected upside rally upto 52450 level. Expected strong rejection from this resistance level. Downside huge rally expected in case banknifty starts trading below 51950 level in today's session. This rally can goes upto 51050 level.