Ride for break all Resisstance...NSE:WHIRLPOOL trade at 2180 level.
Support is at 2000
Resistance is at 2250
You can watch it for 2470, 2770, 3070
Support
WAIT FOR RANGE BREAKOUT....NSE:CONCORDBIO trade at 1665 level. Support is at 1600. Resistance is at 1800.
After breakout you can watch it next resisstance at 2100.
Wait for Breakout...NSE:SRF trade at 2560 level. support is @ 2000 Resistance is @ 2800
Stock trade in 800 points range since last 3 years. You can watch it next resistance after breakout at 3200-3300.
GC GOLD Buy BOXBeen a while since posting my thoughts here, I have been working on something that is GOLD. Supply and Demand can often be overlooked. Trading can often be over complicated. Back up and study the basics. Supply and demand characteristics of the market are the most rudimentary but often the best way to creaete a system that brings forth consistent gains. How many traders are actually profitable. Find a system that works for you it could start with a simple supply and demand type strategy.
Here we have price reacted perfectly off of the supply zone, (Yes I took that short position from the top and have the screen shot to prove it just ask if you want to see it). Now will we enter a demand zone and reverse. My plan is to simply wait, I took my profits and now I just wait until my alerts are hit and my criteria is met to go the other direction.
What will you do? Leave it in the comments I am happy to be back posting and look forward to more!
BNB-USDT 1D ChartHello everyone, I invite you to a quick review of the BNB to USDT chart on a one-day time frame. As you can see, the price has set a new local upward trend line, which is important to stay in the upward phase.
After unfolding the Fib Retracement grid, you can see that the price rebounded from the level of $524, then the second support is at $500, the third support is at $477, and the fourth strong support is at $443.
Looking the other way, there is strong resistance around $561, but much more important is the level of $605 which has currently rejected the increases.
Wait for Breakout.....NSE:CANFINHOME trade at 880. Support is at 800. Resistance at 930.
You can watch it after breakout as a next resistance at 1100-1150
Retest Breakout Level....NSE:HINDALCO trade at 700 level. stock Resistance at 715. Support at 600.
When its break resistance level you can watch it as a next resistance at 900.
XAUUSD: Buy bullish in 2500-2505 area, target 2530Gold fundamentals:
The US dollar continued to fall, closing at a low of 100.55, and fell 3.2% in August, the largest monthly drop since November 2022, which significantly increased the attractiveness and demand for gold.
The market's expectation of a rate cut in September is almost a foregone conclusion. The current focus is on the possibility of a 50 basis point rate cut. Rate cuts usually reduce the opportunity cost of holding gold, making gold more attractive as an interest-free asset.
In addition, Powell's dovish signal at the Kansas City Fed meeting has boosted demand for non-US dollar wealth storage tools. Futures traders expect a cumulative rate cut of about 106 basis points in 2024, which further enhances the market's bullish expectations for gold.
At the same time, the escalation of geopolitical conflicts in the Middle East and Russia-Ukraine has intensified the market's risk aversion and further promoted demand for gold.
Gold technical aspects:
In yesterday's gold analysis, I clearly mentioned the support strength of the 2500-2505 area, and this area has resisted the decline for many times without breaking, so we can still continue to believe in the support of this area. If it retreats to this area during the day, you can consider buying again.
Of course, we still need to consider the precautionary actions after the break here. Combined with the above analysis, my trading strategy today is similar to yesterday, as follows:
First of all, the main bullish, as long as the gold price retreats to the 2500-2505 area, you can consider buying, the target is 2530, 2550
On the contrary, if it effectively falls below 2500, you can choose to sell near 2500. What needs to be noted here is the effective break, not the false break
If you have different opinions or questions, please speak up, let's discuss the latest ideas of GOLD together
XAUUSD: 2500 points will be tested again, what should we do?Can gold continue to rise and set a new high?
Yesterday, the price of gold fell first and then rose, continuing the upward trend of last Friday, and has been fluctuating at a high level, reaching a high of 2526 points. Our 2510-2515 buying range is just at the lowest point of the callback, and the profit margin at the highest point is more than ten US dollars, and I also made a small profit from it. I believe that friends who follow the trading strategy have gained something.
Today, the price of gold has shown a callback trend again. From the 1H chart, the support below is in the range of 2500-2505. If nothing unexpected happens, I will buy again in this range.
First of all, 2500 is an integer mark, and I believe everyone has seen the support strength in the previous trend.
In the trend from 2470 to yesterday's high of 2526, 2505 is exactly at the 0.618 support position of the Fibonacci retracement.
At the same time, there is support from the Bollinger Band lower rail and the upward trend line, and it is unlikely to fall below it.
Although the possibility of a breakthrough here is not great, this is only an analysis based on the technical aspects. External factors are still an uncertain factor, so we have to be prepared for both situations.
Trading strategy: Now it is at a lower position, you can open a position and buy first. If the price continues to fall back, you can choose to increase your position above 2500. If the gold price effectively breaks through 2500, then we must once again prevent the occurrence of a sharp correction like last Thursday.
If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
Fall Rally Patterns Setting Up: GMNYSE:GM was driven down way below its fundamentals by panicky retail. It is now back up into its fundamental level, well ahead of the Fall Rally. The fast recovery indicates that the selling was not aligned with fundamentals. Auto sales have an annual cycle with the highest number of sales in the final quarter of each year.
#BTC: A BULLISH RETEST??Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin is currently trading near the $61.6k level. Following a breakout from an ascending triangle, it's now retesting the triangle's resistance. The 200MA acts as additional support. A bounce from this retest is anticipated.
However, a failure to hold the retest level and a subsequent close back within the triangle would invalidate the bullish pattern. In this scenario, we could see a potential pullback towards the $56k-$57k range.
Potential Targets:
Breakout: A successful breakout could lead to a rally towards FWB:65K -$68k.
Stronger Breakout: A more decisive breakout could target $70k-$75k.
What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
Follow The Trend or Wait for Retracement...NSE:BAJAJ_AUTO trade at 10500. Support is at 9700 and Resistance at 10600.
P/E RATIO - 36.35 Industry P/E - 23.75
On the 23rd AUG Bajaj Auto give a Breakout above 10000 level. You can wait for Retracement otherwise Follow the Trend for Next Resistance at 11200-11500.
Trade Setup: AIOZ Long PositionMarket Context: $AIOZ is currently seeking support above $0.40, with expectations of one more retest at this level, as BTC potentially retests the $61k mark. This offers a favorable risk-reward opportunity.
Trade Setup:
Entry: Long trade around $0.40 at the support zone.
Take Profit:
First target: $0.61
Second target: $0.84
Stop Loss: Daily close below $0.33.
📊 This trade looks to capitalize on a bounce from support, with well-defined risk management through a stop loss at the key level. #AIOZ #CryptoTrading #Support
ETH - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ETH has been overall bullish, trading inside the flat rising channel in orange.
Moreover, ETH is approaching a massive round number $2500.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the $2500 and lower orange trendline acting as a non-horizontal support.
📚 As per my trading style:
As #ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Identifying Key Support and Resistance Levels: Beginner’s GuideWelcome to the market’s game of zig-zag. On the one side, we’ve got the bulls pulling prices up (doing the zigging), and on the other, the bears dragging them down (doing the zagging). Somewhere in there lies a delicate balance—where prices pause, reverse, or break through. These are support and resistance levels, and if you want to play in the big league and run shoulders with big sho(r)ts, you need to know how to spot them. Let’s dive in.
Support and Resistance: The Basics
Imagine the market as a ping-pong ball bouncing between two invisible walls. These invisible walls are called support and resistance . The floor is support—where buyers step in to catch the fall. The ceiling? That’s resistance, where sellers say, “Not so fast,” and push the price back down. Your job? Figure out where these walls are and use them to your advantage.
Support is the price level where a downtrend could pause due to strong enough demand, or buying momentum. Think of it as a safety net—a level where the price stops its freefall, cushioned by determined buyers.
Resistance is the opposite. It’s the price level where an uptrend might stall because sellers step in, seeing the price as overbought. It’s the market’s ceiling, and breaking through it can be tough.
How to Spot Support and Resistance
Here’s the good news: spotting these levels is easier than you think. Start by zooming out on your chart and identifying where price reversals have occurred. Where has the market consistently bounced up from? That’s your support. Where has it been smacked down? That’s your resistance.
That’s also when everyone becomes a chartist and technical analyst—draw horizontal lines at these levels. And boom, you’ve just identified key support and resistance zones. But there’s more to it than just connecting the dots.
Horizontal Levels: The Classics
The classic way to identify support and resistance is to look for horizontal levels. These are price levels where the market has historically reversed multiple times. If the price has bounced off $50 three times, you’ve got yourself a solid support level. Likewise, if $75 has been a brick wall for the price, it’s a clear resistance level.
Trendlines: The Dynamic Duo
Horizontal lines are great, but what if the market’s trending? That’s where trendlines come in. Draw a line connecting the higher lows in an uptrend or the lower highs in a downtrend. These lines can act as moving support or resistance levels. They’re not just lines—they’re the market’s roadmap. Want to get things even more heated up? Look for channels by identifying the higher lows in the uptrend coupled with the higher highs. Apply the same but in reverse for downtrending markets—lower highs and lower lows is what makes up a channel.
The Role of Volume
Here’s where it gets a little spicy. You have to add volume in the mix. When you see a support or resistance level holding up with high volume, it’s like getting a thumbs-up from the market. If the price breaks through a level with high volume, it’s more likely to keep moving in that direction. Low volume? Don’t get too excited—it could be a fake-out.
Psychological Levels: The Round Numbers Game
Ever noticed how prices tend to stall at round numbers? That’s no accident. Humans love round numbers and the market is no different. Levels like $100, $1,000, or even $100,000 (did someone say Bitcoin BTC/USD ?) often act as psychological support or resistance. It’s not science—it’s market psychology.
How to Trade Support and Resistance
Now that you know where the walls are, or inflection points, let’s talk strategy. Trading support and resistance isn’t about guessing where the market will go—it’s about stacking the odds in your favor.
Buying at Support (DYOR, tho) : When the price pulls back to a support level, it’s a prime buying opportunity. Just remember, you’re not the only one watching this level—fellow retail traders, professional money spinners and lots of algorithms are trained to chase trends. Use additional confirmation, like a bunch of indicators stacked together , before you pull the trigger.
Selling at Resistance (DYOR, tho) : If the price rallies to a known resistance level, it’s time to think about selling. Again, wait for some confirmation—a rejection, bearish pattern, or a volume spike—to avoid getting caught in a breakout.
Breakout Trades (DYOR, tho) : If a price breaks through support or resistance with conviction (read: strong volume), it often leads to significant moves. You can trade these breakouts, but be cautious of false breakouts. Nobody likes getting trapped.
Final Thoughts
Support and resistance levels are like the market’s heartbeat. They reveal where the big players are making their moves and where the action is likely to heat up. Whether you’re looking to jump in or bail out, these levels are your go-to guide. So, the next time you’re analyzing a chart, remember—those lines aren’t just random. They’re the market’s battle lines, and now, you’ve got the intel to trade them.
Let’s wrap this up with some inspiration from legendary trend follower Paul Tudor Jones:
“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.”
Do you trade with support and resistance levels? Let us know your thoughts in the comment section!
1303: Dow Theory HH, HLClassical Dow Theory; Formation of HH, HL
Taking rest for a while
Entry now or after support
Enjoy the trend
BTC/USDT 4HInterval ChartHello everyone, I invite you to a short review of the BTC to USDT chart with a four-hour time frame. As you can see, we are staying above the locally formed upward trend line.
Taking into account the short time interval, we will first determine possible stop losses:
SL1: $61,351,
SL2: $58,982,
SL3: $57,213,
SL4: $55,249.
Looking the other way, we will define the immediate goals:
T1: 65569USD,
T2: 69909USD.
JSW STEEL may break the Range...NSE:JSWSTEEL trade at 960. its support is @ 870 and Resistence is @ 980.
when it break the upper range and give closing above 980, you can watch it next resistence @ 1100-1200.
DELHIVERY may break Trendline After 2 Years...NSE:DELHIVERY trade @ 430. its supoort is @ 370 and Resistence is @ 470
Stock consolidate since last 2 years. If its trendline break and give weekly closing above @ 440, then you can watch it next Resistence @ 600-700
ETH-USDT 1D Interval ReviewHello everyone, I invite you to a quick review of the ETH pair to USDT chart, taking into account the interval of one day. As we can see, the price is moving along a locally formed upward trend line.
Currently, we can see how the price approached the resistance level at $2,843, then resistance at $3,010, then resistance at $3,251, and then very strong resistance at $3,569.
Looking the other way, support is visible at $2,550, the next support is at $2,383 and then there is support at $2,112.
DJI - Key Resistance Zone 4 HourDJI has entered a key resistance zone of the 4 HOUR time frame.
There are 3 likely scenarios. A,B,C on the chart.
We are waiting for a definitive move on the charts, we are looking for a BREAKOUT, either BIG VOLUME breaking the resistance level, or a REJECTION of the resistance level, followed by great volume.
The third move that could be made is ACCUMULATION / RANGING. Where there is little to no volume with no definitive move, we will NOT ENTER if this is the case.
How Spotting Liquidity Can Help Your Trading StrategyUnderstanding where liquidity exists in the market can help enhance your trading success in a few ways:
1. It can help you understand where potential blocks of liquidation could occur. The market is often attracted to these block and will liquidate there.
2. It can help you confirm patterns that exist on you charts
3. It can help you spot new patterns which you may not have spotted previously.
Let's take a quick look at the "Liquidity Swings" indicator by LuxAlgo in this video.
