Tradingviewindia
GOLD... At most expensive area, holds or not??#GOLD... market just reached at his most expensive area of the pattern in month and week chart.
That trend line will be most important trend line in current scnerio.
Keep close that line and area will be 2605 around.
That area can change the overall scnerio actually.
Don't short gold until market holds this trend line.
A big swing will start from here.
Keep close.
Good luck
Trade wisely
GOLD - one n single region, what's next??#GOLD .. well moved as per our analysis and congratulations to all.
Now again we have only single supporting area that is 2634 to 2537
One of theoat important area of the month and week.
Keep close that region and only buy above that region and one more thing that is very important as well.
Below that region cut n reverse can be a good option . Don't miss it.
Good luck
Trade wisely
GOLD - only single support? holds or not??#GOLD.. no data on table and we have only single area that is 2637 around.
keep close that level guys and don't hold your buying positions below that,
only stay in buying above that level.
and keep in kind that below 2637 cut n reverse will be good option.
stay sharp here.
good luck
trade wisely
GOLD - one n single area, holds or not??#GOLD... Today is NFP day as you knows and we have only single area as today most important supporting area that is 2653
Keep close that area because only that area can change the story.
Only holding of that area can leads you towards upside further levels.
Keep close it and only short below that otherwide not at all.
Good luck
Trade wisely
no fundmental
1. **Price Level 4500 is Crucial for this Stock**
🔵 **4500** is marked as a critical resistance level. Historically, the stock has struggled to break above this mark (indicated by previous points of resistance 1, 2, and 3). Now that the stock has crossed this level, it could indicate a potential breakout or strong upward momentum.
This is marked by the blue line and the annotation above stating that the stock has cleared previous resistances.
2. **Marks 1, 2, 3, and 4 Indicate Resistance Points**
📊 Each of these points (1, 2, 3, 4) shows where the stock faced resistance previously and failed to break above. However, with the recent move, these resistances have been cleared, which might indicate a bullish trend.
- The blue boxes on the chart represent these resistance levels.
3. **Global Markets Not Supporting the Bull Market**
⚠️ **Caution**: The annotation warns that despite the recent positive movement in this stock, global market conditions are currently not favorable for a broad bull market. This implies that external factors might pose risks to further upward movement. Traders should be cautious.
4. **Support at 3896.70 Level**
🔴 The red line near **3896.70** is identified as a potential support level. If the price pulls back, this level could provide a safety net or area of demand where buyers may step in to push the price up again.
Support levels like this are important for managing risk, especially for stop losses or re-entry points.
5. **Volume Spike Indicating a Big Move**
📈 **Volume buildup** is observed over the last month (highlighted near September). This spike in volume is an indication that there is increased interest in the stock, possibly signaling a major move is happening. Higher volume often supports the direction of price movement (in this case, upwards).
6. ** Pattern Formation: Cup and Handle?
☕ There's a suggestion of a **cup and handle** pattern, where the stock's price forms a rounded bottom followed by a consolidation before breaking out. This can be a bullish continuation pattern indicating that the stock might be set for a further upward move after the break
In summary:
The stock has broken above key resistance levels around **4500**.
Volume has been increasing, suggesting interest and a possible big move.
However, global market conditions may not fully support a bull market, so caution is advised.
If the stock pulls back, **3896.70** could be a strong support.
The stock might be forming a bullish pattern (like a cup and handle), but external factors should not be ignored.
GOLD - one n single area, holds or not??#GOLD.. perfect move as per our analysis and congratulations to all.
Now we have single area again for tomorrow that is 2657.
Keep close that area because it will play key role in tomorrow and in next move.
One more thing is keep in mind that 2657 below we will go for cut n reverse on confirmation.
Good luck
Trade wisely
GOLD- at very expensive region, what's next ??#GOLD.. market moved perfectly as we discussediur area was 2634 a d market perfectly holds in yesterday and now still market closed in our most expensive region.
From 2530 to 2634 that is the region for tomorrow.
Same plan for downside confirmation below 2630 cut n reverse.
Good luck
Trade wisely
cool cool whirlpool
### 1. **9-Month Consolidation (📦 Box Pattern)**
**Pattern**: **Rectangle/Box Consolidation**
**Details**: The price has been **moving sideways** within a range of about **₹300 points** for the last 9 months, creating a consolidation zone. This period of consolidation indicates **indecision** in the market, where neither bulls nor bears have taken full control.
- **Implications**:
If the price **breaks above the consolidation zone**, it could signal a **bullish breakout** and may lead to further price increases.
A **breakdown** below this zone would signal a potential bearish move.
### 2. **Volume Spike (🔺)**
**Pattern**: **Volume Spike with Price Breakout Attempt**
**Details**: Toward the right side of the chart, there is a visible **increase in trading volume** during the consolidation, which usually signals an **impending breakout**.
- **Implications**:
**Rising volume** is typically a precursor to a strong price move. If the breakout from the consolidation happens with sustained volume, it will confirm the validity** of the breakout.
### 3. **Descending Trendline Break (📉)**
**Pattern**: **Trendline Breakout**
**Details**: The stock had been in a **downtrend** for a prolonged period from **2021** until early **2023**, as indicated by the purple **descending trendline**. However, this trendline was broken in early 2023, signaling a potential end to the downtrend.
- **Implications**:
A **trendline break** suggests a potential **shift in sentiment** from bearish to bullish. The fact that the price has stabilized and entered a consolidation phase after the break hints that the stock might be building a base for future upward movement.
### 4. **Gap Down Recovery (⬇️⬆️)**
**Pattern**: **Gap Fill**
**Details**: In **Dec 2021**, there was a **gap down**, which is a significant drop in price. However, by Jan 2024**, this gap was **filled** with a strong **gap-up move**, indicating that the price returned to its previous levels.
- **Implications**:
**Gap fills** are often seen as signs of market strength, and in this case, it signals that the stock has recovered from prior selling pressure and may be positioned for further gains.
### 5. **Resistance Levels (🔴 Horizontal Lines)**
**Pattern**: **Horizontal Resistance**
**Details**: The price is nearing two major **resistance levels**:
**First Resistance at ₹2,534.70**
**Second Resistance at ₹2,754.50**
- **Implications**:
If the price moves toward and tests these resistance levels, a **break above these points** would be a very **bullish signal**. However, if the stock struggles to break these levels, it could face **rejection** and move back toward support.
### Summary:
The stock of Whirlpool of India Ltd. has been **consolidating** for a significant period, indicating the market is indecisive and waiting for a catalyst.
The **breakout from the trendline** and **volume spike** are signs of potential strength.
A **breakout above the consolidation** zone could lead to a move towards testing **higher resistance levels** (₹2,534 and ₹2,754).
Keep an eye on **volume** to confirm any breakout, and be cautious around the major resistance levels, as a rejection could trigger a **pullback**.
This suggests that the stock is at a **crucial point** where either a breakout or breakdown could occur, and the next move will largely depend on market forces around these critical price levels.
GOLD - at immediate support? holds or not??#GOLD... perfect moved as per our analysis, and now market have one of the most important and immediate supporting area that is 2634 around.
keep close that level because if market hold it then in that case you can expect again bounce form here otherwise not.
don't be lazy here.
good luck
trade wisely
GOLD - one n single area , holds or not??#GOLD. Market perfectly moved in yesterday as per our analysis.
And now market have one n single area that is 2676 77
Keep close that area because Eid market hold it then in that case you can see a drop from here otherwise CUT N REVERSE keep in hand.
Good luck
Trade wisely
GOLD - at immediate support? Holds or not??#GOLD... perfect moved as per our perveious analysis and now again market have one of the most important region and immediate supporting area that is 2651 to 2654
Keep close that region because if market hold it in that case you can expect a buying scnerio again otherwise cut n reverse keep in hand below 2651.
Good luck
Trade wisely
GOLD - where is current support? What's next??#GOLD... Perfect move as per our perveious analysis and now market have 2653 to 2657 as a immediate area.
Keep close that area and if market hold it then further buying side can be expecting otherwise below that buying will be invalidate.
Stay sharp
Good luck
Trade wisely
GOLD - only single area, what's next??#GOLD.. .perfect move as per our prediction.
And now market have one n single resistance area that is 2635
Keep close that area and stay sharp.
If market holds 2635 in that case you can see a drop below and one thing is keep mind that 2635 above we have cut n reverse stop.
Stay sharp.
Good luck
Trade wisely
XAGUSD - one n single support, what's next??#SILVER.. market have one n single supporting region that is around 30.95 to 31.03
Keep close that region because it is most important key supporting area for now and if market hold it then it means a further buying is still valid.
And keep in mind that it is our cut n reverse area on confirmation.
Good luck
Trade wisely
wabagHere's a detailed explanation of the chart with added emojis:
1. **Breakout Level**:
📊 **Breakout Level** (marked in yellow) represents a key **resistance** point around ₹1,421.90.
- 📉 In the past, the stock price repeatedly tried to cross this level but was pushed back down each time, showing that sellers were strong at this point.
- 🚀 **Breakout** occurs when the stock **closes above this resistance** with strong momentum, which often signals the start of a bullish trend. This is a key level traders watch to determine if a stock is ready to rise further.
- 📏 The resistance level is like a ceiling the price couldn't break before, but once it does with strong conviction, the price may start moving upwards faster.
2. **Up Arrows** (📈) at Support Points:
🔼 These arrows mark where the stock finds **support** from the market.
- 🔍 Each time the price touches the **ascending trendline** (the purple diagonal line), it bounces upward, showing that buyers are stepping in at higher levels. This signals that investors are confident in the stock and willing to pay more each time the price drops to this line.
- 💪 This forms an **upward trend** over time. The higher lows indicate that the stock is gaining strength as demand continues to increase. The price bouncing off this trendline multiple times adds to the idea that the stock is forming a **bullish pattern**.
3. **Down Arrows** (📉) at Resistance Points:
🔽 These arrows highlight moments where the stock price hits a **resistance point** (the yellow line) and can't move higher.
- 🔄 The stock was **rejected** at this level several times in the past, creating a **consolidation phase** between the trendline and resistance. This pattern shows indecision in the market—buyers are willing to step in at lower levels, but sellers are still in control near the resistance.
- This series of price rejections emphasizes how hard it was for the stock to **break above** the ₹1,421.90 level before, making the eventual breakout even more significant.
4. **Hammer Candle** (🔨):
🔨 **Hammer Candle** forms just before the breakout, signaling a **potential trend reversal** from bearish to bullish.
- 📉 Initially, the price falls, but buyers step in strongly by the end of the session, pushing the price back up to near where it opened. This creates a hammer shape: a small body with a long lower wick.
- 🛑 Hammer candles typically appear at the bottom of a **downtrend** and indicate that the sellers' momentum is weakening. The long lower shadow shows that buyers stepped in aggressively, preventing the price from falling further.
- 📈 This hammer formed near the support line (purple trendline) is a powerful bullish signal that suggests the market is preparing for a **reversal**. Traders often see this as a sign that a new **uptrend** is starting.
5. **Bullish Candle** (📊):
🟩 The large **bullish candle** following the hammer is a classic sign of a **breakout**.
- 🚀 The stock has broken above its previous resistance level of ₹1,421.90 and closed significantly higher at ₹1,518.70.
- 📈 The strong green candle indicates that there is a surge in buying interest, and the bulls are now in control. This large movement up suggests that many traders are entering the market at once, fueling the price rise.
- 🔥 This is often considered a **breakout confirmation**, especially when the price closes well above the resistance level. It is a clear sign of upward momentum.
6. **Volume Spike** (📊🔊):
🔊 The **volume spike** shown in the green bar at the bottom represents a huge increase in **trading volume**.
- 📈 Volume is crucial in confirming the breakout. A breakout without volume might be a false signal, but when volume surges (like it does here), it shows that a significant number of participants are involved in the move.
- 🏦 **High volume** means many traders and investors are buying into this move, which suggests that the breakout is likely to continue with strength.
### Summary:
📊 The stock was consolidating between an **ascending trendline** (purple line) and **resistance level** (yellow line).
🔨 The hammer candle signaled a **reversal** was coming, and the breakout was confirmed by a large **bullish candle** supported by a **volume surge**.
🚀 The stock is now in a strong **bullish phase**, with potential for further upward momentum after breaking past its key resistance level.
The combination of the breakout, hammer candle, volume increase, and bullish price action suggests a positive outlook for this stock.
no reommendation for buy and sell
BTCUSDT - One n single region, what's next??#BTCUSDT.. market just near to his one n single region that is 64500 to 65100 around.
That region will be most important region of the month n quarter.
Keep close that region because that will be last hope for sellers.
And above that will be new era of buying.
Good luck
Trade wisely
USDJPY - at most expensive supporting area, holds or not??#USDJPY.. well guys market just dropped and reached near to his one of the most important supporting area of the year.
that is 141.10
keep close that supporting area because that is only hope for buyers. any kind of weakness below that will be very expensive for buyers and for Japan as well.
one thing is keep in mind that below 141.00 cut n reverse will be a good option on confirmation.
don't be lazy here.
good luck
trade wisely
GOLD - one n single area, what's next??#GOLD.. market exact closed at his one of the most important area of the day 2586
That is our key level in today and if market stay below that level then drop expected towards our supporting areas.
And upside above 2595 selling will be invalidate.
Good luck
Trade wisely
BTCUSDT.. again holding perveious resistance? Next??#BTCUSDT.. well guys market placed last week high near to his perveious resistance area.
That is most important area around 6020 to 60700 around.
Keep close that region because if market hold it then again drop expected towards our downside areas.
Good luck
Trade wisely