GOLD: Potential bullish consolidationFrom a technical perspective, if Gold triggers trendline breakout, another bullish consolidation is possible, and the price should approach the resistance area in the short term. At the same time, if the swing manages to maintain a support area, we do not exclude the development of a harmonic structure with a target around 2,000. At the moment, we are still below the trendline.
Trade with care
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Trendpattern
Bullish Wedge pattern breakout in GLENMARKGLENMARK PHARMA LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 875+.
✅Can Go Long in this stock by placing a stop loss below 745-.
Cardano bullish idea.After taking a swing at the elusive $0.40 target last Wednesday (11/15/2023), ADA got a taste of rejection. But, true to form, the next day, Cardano dusted itself off, shrugged off the setback, and made a bloody good comeback.
Now, pay attention. Picture Cardano strutting back into the ring, ready to take on a new, formidable resistance level. The bulls are eyeing triumph, and breaking through? Well, that's the key to unlocking a potential surge in Cardano's overall value. I'm eyeing the $0.50 - $0.60 territory.
An Uptrend Divergence in Candlestick Pattern!The candlestick pattern indicates a divergence signal where the price closed above the MA20 line. The results in volume were minimal due to yet to cross above the MA20 line.
MACD and RSI indicators indicate a positive trend which aligned with the candlestick pattern.
Let's save SUNVIEW in WL and watch out for significant price movement where the result in volume exceeds the MA20 line.
R 0.800, 0.840
S 0.695
Reversal Broadening Wedge pattern in METROPOLISMETROPOLIS HEALTHCARE LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 1373-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 1160-.
📈 Can Go short in this stock by placing a stop loss Above 1720+.
stock telling what to dostock it, self-telling what can move except from that.
high-debt company
micro cap company
Market Cap
₹ 60.9 Cr.
Current Price
₹ 66.1
High / Low
₹ 71.8 / 38.2
Stock P/E
9.99
Book Value
₹ 37.8
Dividend Yield
0.00 %
ROCE
8.69 %
ROE
3.74 %
Face Value
₹ 10.0
Industry PE
31.1
EPS
₹ 6.63
Debt to equity
1.17
Price to book value
1.72
Debt
₹ 40.6 Cr.
EBIT
₹ 9.91 Cr.
Cash End
₹ 0.95 Cr.
Reserves
₹ 25.6 Cr.
Quick ratio
0.63
Current ratio
1.18
PEG Ratio
NPM last year
0.59 %
OPM
5.95 %
CMP / FCF
10.2
Intrinsic Value
₹ 74.2
Return on assets
1.00 %
EV / EBIT
10.1
no recommendation from me to buy or sell
BANKNIFTY MUHURT TRADING SETUP -HAPPY DIWALI 2023Happy Diwali To Everyone. On This Muhurat Trading session, If banknifty starts trading above 44050 level then expected strong upside bullish rally upto 44450+ level. If banknifty trade below 43950 level then Downside rally upto 43550 for today's session. Session will be higher volatile so trade strictly with less lot size.
XAUUSD: Fed Chairman: No signs of interest rate cuts in the shorPatrick Harker, President of the Philadelphia Fed, stated:
At the most recent FOMC meeting, supported a steady interest rate approach.There are no immediate plans by the Fed to lower interest rates, so they will remain high for longer.It's time to evaluate the effects of previous interest rate rises.Depending on the statistics, the Fed may decide to raise or maintain interest rates in the future.A better equilibrium is being reached in the labor market.In 2024, the unemployment rate will increase to 4.5% before declining.Assured of a gentle landing
Though not yet in a recession, growth may slow
After steadily declining to 3% in 2024, inflation drops to 2%.
TONUSDT Prediction (2H)This is my prediction for TONUSDT.
In 1W chart, we see the price has fully recovered from its continuous decline, making a V shape.
We then see the price goes down again, yet this time it is supported by the key price of 1.9286 and bounces back up.
I expect the price to reach the price of 2.3781 soon.
#NIFTY Intraday Support and Resistance Levels - 07/11/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19400 level and then possible downside rally up to 19280 in today's session. in case nifty trades above 19420 level then the upside target can go up to the 19540 level.
XLMUSDT.P Price analysis (2H)
I'm no expert in trend analysis by any means and this is NOT a trade signal!
I still have a long way to go, but wanted to share my thoughts on XLMUSDT.P today and maybe get some feedbacks.
XLMUSDT.P is in an uptrend, and my analysis is that the uptrend will continue until the price reaches the resistance level (marked as a black line in the image) which has a history of price reacting to it in numerous occasions according to the D1 and W1 charts.
Breath of fresh air for Reliance IndustriesAfter being in a constant downtrend, market forces seem to be pushing Reliance up from the low few swings that had upmove trapped. Breaking the sloping trend line, the stock can be seen heading towards a new trend that may also direct the Indexes towards a new Bull run. Always good to wait & watch than be taken down in the opposite swing.
Descending Triangle Pattern Reversal in SRFSRF LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Descending Triangle Pattern.
📊 It can give movement upto the Reversal target of Above 2405+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 2890+.
📊 Can Go Long in this stock by placing stop loss below 1930- or last swing Low.
GOLD - Gold selling strategyGold price on Kitco closed last week's trading session at 1,992 USD/ounce.
Investors' worries about the Israel-Hamas conflict still exist, but that cannot help gold prices surpass the threshold of 2,000 USD/ounce. It is because the gold price cannot surpass this important threshold that has caused market psychology to become cautious.
Some analysts believe that gold prices are being hindered by the price level of 2,000 USD/ounce. If gold prices are consolidated in the near future, the precious metal price may soar to a new all-time high.
Commodity analysts say that geopolitical factors are having a major impact on gold and that as concerns subside, the precious metal's safe-haven appeal will be reduced.
According to Tastylive.com expert Christopher Vecchio, safe haven purchasing power thanks to the geopolitical crisis is being depleted. While geopolitical conflict can provide trading impetus for gold, it does not have a long-term effect.
A Significant Price Movement!Recent price movement action contributes to resulting in high volume. The price closed above the MA line indicating buying interest with TEXCHEM.
The MACD indicator indicates a positive signal, hence, confirming the price movement with volume.
A precaution with an RSI indicator where high momentum indicates the stock is in an overbought state.
Let's save TEXCHEM in WL and watch out for price movement towards R2.
R 1.25
S 0.80
Reversal Rising Wedge pattern in COLPALCOLGATE PALM (INDIA) LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Rising Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 2030-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 1900-.
📈 Can Go short in this stock by placing a stop loss Above 2200+.
XAUUSD - Trading strategy before Nonfarm newsWorld gold prices this morning were stable with spot gold increasing by 2.6 USD to 1,985.1 USD/ounce. Gold futures last traded at 1,993.7 USD/ounce, up 6.2 USD from yesterday morning.
World gold is relatively stable although the labor market shows signs of decline. A recent report from the US Department of Labor showed that the number of US workers applying for unemployment benefits for the first time increased more than expected. Specifically, the number of weekly applications for unemployment benefits increased to 217,000 in the week ending October 28, an increase of 5,000 applications compared to the previous week's adjusted level of 210,000. Economists forecast unemployment claims will stay around 210,000.
According to experts, gold does not react much to weak employment data because the market is still paying attention to the recent policy decisions and stance of the US Federal Reserve (Fed).
Carlo Alberto De Casa, market analyst at Kinesis Money, said that bullion prices need to more or less consolidate a bit before continuing to rise as the long-term view remains positive.
As analysts expected, the Fed kept interest rates steady on Wednesday, as policymakers work to determine whether financial conditions are tight enough to keep inflation in check. . According to CME Group's FedWatch Tool, traders are currently assessing an 80% chance that the Fed will pause interest rate hikes in December.
Harmony Secret Retest + Falling Wedge🚀Harmony (ONE) has been quietly making strategic moves in the crypto arena, and one of its recent maneuvers has unveiled an essential yet often unnoticed aspect of chart analysis: the retest of a crucial trendline. Furthermore, the formation of a substantial falling wedge on its weekly chart is sending bullish signals, indicating potential for exciting price action in the near future. 📉🚀
Rediscovering the Trendline Retest
Trendline retests are like hidden gems on a crypto chart. Harmony (ONE) showed its mettle by retracing back to a significant trendline, often going unnoticed by the crowd. This retest is a crucial aspect of price action analysis, as it confirms the trend's strength or highlights potential reversals.
The Falling Wedge: A Bullish Playground
But that's not all; Harmony (ONE) has another ace up its sleeve. The formation of a substantial falling wedge on the weekly chart is a hallmark of a bullish trend reversal. Falling wedges are characterized by a series of lower highs and lower lows that eventually converge. Once the price breaks out from the upper trendline, it typically embarks on an upward journey.
Trading Strategy: Navigating the Harmonious Journey
For traders and investors, recognizing these patterns is paramount. Harmony (ONE) provides an opportunity to enter or add to positions when the price eventually breaks out from the wedge. However, always integrate this insight into your comprehensive trading strategy, which includes risk management and exit plans.
Conclusion: Harmony's Melodious Move
Harmony (ONE) is orchestrating a melodious move in the crypto space, blending a stealthy trendline retest with the formation of a powerful falling wedge. This harmonic combination provides a potential setup for bullish price action in the coming weeks.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
❗See related ideas below❗
Share your thoughts and insights on Harmony's subtle yet promising chart formations.💚🌐💚
#NIFTY Intraday Support and Resistance Levels - 02/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19000 level and then possible upside rally up to 19100 Level. & this rally can extend another 100-120 points if it gives breakout of 19120 level in today's session. in case nifty trades below 18970 level then the downside target can go up to the 18850 level.
JBL- on the reboundFrom mid July till now, SPX and NQ had been undergoing corrections resulting in lower highs (LH) and lower lows (LL). Although there is a chance the correction in SPX could be over, we can never be sure until it manages a higher high (HH) at least.
JBL on the other hand, has demonstrated good relative strength to the market, eking out higher highs (HH) and higher lows (HL) despite the broader market correction. This type of stock has a higher odd to out perform the market for the longer run.
It appears to be finding support at the 61.8% fib retracement of its recent AB upswing, supported by a bullish divergence between it's price and RSI.
Going long with an initial stop about $1 below its recent pivot low @ C ($119).
Trail stops up when trade is working out.
Disclaimer:
This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie trailing stop loss and position sizing) is (probably the most) important!
Take care and Good Luck!