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Gold Price in Key Compression Zone: Awaiting BreakoutThe 1-hour chart of XAU/USD (Gold Spot vs US Dollar) shows a clear symmetrical triangle formation, where the price has been compressing between a descending resistance zone (red) and a horizontal support zone (green). Here's a breakdown of the setup: Support Zone (~3040–3080 USD): This area has acted as a strong base multiple times, suggesting buyers are stepping in consistently at this level. Resistance Trendline (~3310–3320 USD): The price has repeatedly tested this descending resistance line but has failed to break above it so far. EMA Indicators: 50 EMA (black line): Currently acting as dynamic resistance. 200 EMA (blue line): Price is hovering around it, indicating indecision. Projected Breakout Scenarios: Upside Breakout: If price breaks above the resistance trendline, a sharp rally is projected towards the 3480–3520 USD zone. This move aligns with previous supply levels. Downside Breakout: If support fails, we could see a breakdown toward the 3040 USD region, with extended targets near 3080–3040 USD. Current Bias: The market is consolidating, and a breakout is imminent. Watch for volume and candle confirmation at either the resistance or support to determine the next major move. ================================================================ Disclosure: I am a participant in TradeNation's Influencer Program and receive a monthly fee for utilising their TradingView charts in my market analysis. =================================================================
TRADENATION:XAUUSD
by TradZoo
[TechnoFunda]IDFC FIRST BANK – DEEP DIVE INTO MULTI-YEAR SUPPORTTECHNICAL ANALYSIS: Ascending broadening channel structure – Since the Aug-20 low (~₹15) price has traced a steady up-sloping trendline, touching in Mar-21, Feb-22 and now Apr-25 – Parallel resistance capped rallies in Feb-18 and Sep-23, defining a ~₹80–100 supply zone – Channel slope averages ~30% annualized gains from support to resistance EMA confluence and momentum – April formed a bullish engulfing candle that closed above the 50 EMA (₹63.8), signalling renewed buyer conviction Elliott-style wave count – Wave 1: Aug-20 to Feb-23 advance into channel top (₹100) – Wave 2: Feb-23 to Apr-25 retrace back to support/200 EMA (₹55) – Wave 3 (projected): expected to carry price toward channel top again, targeting ₹95–100 Measured-move & targets – Channel height (~₹85–15 = ₹70) added to support gives a potential target near ₹125 – bullish scenario only on a clean break above channel resistance – Shorter-term target zone: ₹75 (minor swing highs) → ₹85 (channel midline) Risk management – Invalidation: monthly close below ₹55 erodes the uptrend and negates wave-count – Use a stop 1.5× ATR below the Apr-25 low (₹50) for defined risk FUNDAMENTAL ANALYSIS: Revenue & earnings trajectory – Quarterly revenue up from ~₹40 B in 2020 to ₹113 B in Q1 ’25, reflecting strong loan book growth and fee income diversification – Net income swung from losses in 2018–19 to a peak of ~₹12 B in 2023, and stays positive at ₹3 B in the latest quarter Asset-quality improvement – GNPA ratio down from ~2.2% in 2020 to ~1.3% in Q1 ’25; PCR steadily rising above 75% – Slippages have trended lower quarter-on-quarter, supporting margin stability Margin & capital metrics – Net interest margin at ~4.2%, above industry average, driven by retail and SME lending – CET-1 ratio comfortably above 13% with Tier-1 capital buffer, enabling healthy credit growth Valuation & catalysts – Trades at ~0.4× book value and 10× trailing P/E vs sector averages of 1.5× and 15× respectively – Potential rerating catalysts: continued NIM expansion, sustained reduction in credit cost, digital customer growth MACRO & SENTIMENT CONTEXT: - RBI rate cycle poised for cuts in H2 ’25, which could support credit demand - Bank Nifty outperforming broader markets; institutional flows have rotated into midcap banks - Relative strength vs Nifty: RSI on a monthly sits near 50, rising from oversold – room to run before overbought TRADING PLAN: - Enter partial long near current price (₹66–70) - Add on break above ₹75 with conviction - Targets: ₹75 → ₹85 → ₹95–100 (channel top) - Stop-loss: ₹50–55 zone (monthly close basis) - Trail stops above each new swing low to lock in profits as price advances
NSE:IDFCFIRSTBLong
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(28/04/2025)Today will be gap up opening expected in banknifty. Expected opening near 54950 level. After opening it will face immediate resistance at this level and possible downside movement in index. Downside 54450-54550 zone will act as a support for today's session. After breakdown of this support zone can lead banknifty further downside upto 54050 level in today's session. Any strong bullish side rally only expected if banknifty starts trading and sustain above 55050 level.
NSE:BANKNIFTY
by TradZoo
COLPAL - Descending Channel Analysis | Key Resistance RejectionColgate Palmolive (NSE: COLPAL) is trading within a well-defined descending channel on the daily chart, indicating a sustained bearish trend. The stock recently tested the upper resistance zone of the channel near 2700–2750 and faced rejection, leading to a pullback. As long as the price remains below the resistance, the downside momentum towards the support zone near 2200–2300 may continue. A strong breakout above the channel resistance could signal a potential trend reversal. Traders should watch for confirmation before positioning.
NSE:COLPAL
by TradZoo
Berger Paints at Make-or-Break Point:Descending Triangle PatternBerger Paints is currently testing the upper boundary of a long-term Descending Triangle on the weekly chart — a pattern known for sharp breakouts or breakdowns. 📊 Resistance Zone: 600 – A breakout above this level could trigger a powerful upside rally towards 825+, supported by the pattern's height projection. 🔻 Support Level: 543 – A breakdown below this level may lead to a sharp fall towards 400 levels. ⚠️ Bearish Pin Bar Candle at resistance signals caution; confirmation is key before entering any trade. 📌 Watch closely for a decisive move – this zone is critical for trend reversal or continuation. This setup offers a high-reward opportunity for positional traders, with clear entry and exit zones. Manage your risk wisely and follow with volume confirmation.
NSE:BERGEPAINT
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(21/04/2025)Slightly gap down opening expected in banknifty. After opening expected downside movement upto 54050 level. 54000 level will act as a strong support for today's session. Expected reversal from this level towards the 54450+ and this can be extend for further upside rally if banknifty starts trading above 54550 level. Above this level banknifty can goes upto 54950+ level in today's session. Any major downside only expected below 53950 level.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(16/04/2025)Today will be gap up opening in banknifty. After opening if banknifty starts trading above the 52550 level then this bullish rally can goes upto 52950 level in opening session. This can be extend for further 400-500+ points in case banknifty gives breakout of 53000 level and sustain above 53050 level. 52950 level will act as a resistance for today's session. Any reversal can gives downside movement upto 52550 level. Any major downside only expected below 52450 level.
NSE:BANKNIFTY
by TradZoo