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News Failure and Favorable Winds for Chinese StocksFundamentals & Sentiment CN50A: - PBOC has officially ramped up support for the stock market, relending facility launched - Couldn't hold lower after bad Industrial profits release USD: - De-escalation sentiment after the attack on Iran Technical & Other Setup: S(RTF) Setup timeframe: 4h Trigger: 1h Medium-term: Sideways Long-term: Up Min target: Local high Stop loss: 0.9% Position size: 0.5 of the normal Risk Unit Buy Limit
OANDA:CN50USDLong
by Cherry94
Performance of U.S. and Indian Indices (2012-2024)Comparative Performance of U.S. and Indian Indices with INR Adjustment for period (2012-2024) This TradingView chart displays a comparative performance analysis of multiple indices and assets from 2012 to 2024, measured in a mixed percentage scale. The assets include: 1. **QQQ in INR** (QQQ * USDINR): Represented in green, this line shows the Nasdaq-100 ETF (QQQ) adjusted to Indian Rupees, which has the highest performance, growing approximately +1,267.50% over the period. 2. **Nifty Midcap 150** (NIFTYMIDCAP150): In pink, this index tracks India's mid-cap companies, showing a significant growth of +883.72%. 3. **QQQ**: Shown in cyan, this is the U.S. QQQ ETF in its original USD form, with a return of +705.77%. 4. **S&P 500 in INR** (SPX * USDINR): In blue, this line represents the S&P 500 index adjusted to INR, showing an increase of +641.27%. 5. **Nifty Junior (NIFTYJR)**: Represented in purple, this index tracks India's next 50 large-cap stocks after the Nifty 50, showing a gain of +617.46%. 6. **Nifty 50** (NIFTY): In teal, this represents India’s benchmark index, which has grown by +423.78%. 7. **S&P 500** (SPX): In red, this represents the S&P 500 in its original USD form, with a performance of +336.51%. 8. **Gold in INR** (GOLD * USDINR): Represented in red, this shows the price of gold adjusted to INR, growing by +167.45%. The chart indicates that, over this time period, U.S. tech (represented by QQQ) outperformed Indian indices and other asset classes when adjusted to INR, showcasing a strong relative growth in technology-focused U.S. equities compared to Indian mid-cap, large-cap indices, and gold. The Nifty Midcap 150 also exhibited impressive growth, especially when compared to other Indian and U.S. large-cap indices. Gold, while traditionally considered a safe asset, showed the least growth in comparison to equity indices. This chart offers a clear view of the benefits of sectoral diversification, currency-adjusted performance, and asset allocation across different geographic regions.
NSE:NIFTYLong
by jatingera
TASI: HISTORICAL ANALYSIS WITH A LONG TERM STRATEGIC PLANHistorical data analysis of TASI, since its beginning in 1985, shows a peculiar pattern wherein trading TASI for only 6 months in a year for 10 consecutive years yields higher or similar returns compared to buy & hold strategy during the same period. So a profitable strategic trading plan can be made with following Key highlights: 50% capital exposure to the market: trading will be carried out only 6 months out of 12 months. Higher or similar returns when compared to buy & hold strategy for the duration of plan (10 consecutive years). Back testing results since 1985 have shown increase in returns with the rate of 8.8%, 16% & 43%. Returns for the last trading plan (2014-2024) have exceeded 100%: the capital in 2014 would have doubled in 2024 using the strategy. A balanced strategy incorporating the best of both ‘trading’ and ‘investing’ worlds. No worries about daily price action or getting out of trade due to stop loss, while also having the leisure and cash-in-hand for half of the year. A long term plan: 10 consecutive years but only 6 months in each year will be traded. If you like to access the trading plan in full details (with back testing proof in pdf & excel workbook), please reach out to me at: umairx88@gmail.com. Bear in mind that the month of November is not only included in the plan rather it is one of the crucial months of the plan.
TADAWUL:TASI
by Umair88
#Nifty50 outlook for upcoming week 4th-8th Nov 2024Last week, the Nifty 50 index concluded at 24,304 points, marking a 125-point surge from the previous week's close. It reached a high of 24,498 and a low of 24,134. As anticipated, the index successfully tested the 24,500 resistance level before settling at its current position. With the India VIX index indicating an upward trend, the Nifty 50 is expected to trade within a broader range of 24,900 to 23,700 in the coming week. A breach of these levels could trigger significant market volatility. The upcoming US elections on November 5th are likely to intensify the tug-of-war between bulls and bears. I'm closely monitoring the 23,511 level (DEMA200) as a potential entry point for NiftyBees. However, it remains to be seen if this opportunity materializes. S&P 500's Weekly Performance and Outlook The S&P 500 index ended the week at 5,728 points, approximately 80 points lower than the previous week's close. It touched a high of 5,850 and a low of 5,702. This week, the index found support at the DEMA50 level. If it dips below 5,702 next week, it could test support levels at 5,637, 5,585, and 5,400, which would have negative implications for global markets. To resume its upward trajectory, the S&P 500 needs to close above 5,700 on consecutive days. This could propel it towards the 5,821, 5,868, and 5,899 levels.
NSE:NIFTY
by ssudhirsharma11
XMJ - Aust Materials - Bearish - Breaking down & out of ChannelWhat we are witnessing here is an 8-9yr bullish upward channel being broken and now tested. Like all good things, sometimes, they have to come to an end. Is that happening now? Lets break it all down. What we are witnessing here is a very bullish upward channel that has finally hit its 'Top' The ceiling has formed and we have also created a triple top formation. The third and final hit came from a very weak rally that failed to break the previous high's and has subsequently broke down and out of a very strong upward channel. Usually when this has happened before, we get a strong swing to the upside and shown in the first 2 green highlighted zones. However, the third failed, and the wave that formed following the third 'break down', failed to gain momentum and has resulted in a change of character and is gaining momentum to the down side. Right now we are experiencing a 'new channel' forming, first time creating a lower level, matched by the previous low at the bottom. The pattern forming at this zone is looking interesting and as can clearly be seen, we are resting on a pivot point. Now the big boys that are holding up this sector, BHP, RIO and FMG, are all showing signs of a pull back to test the Golden fib on each of their charts. That may cause a "fake out" type play on this chart, where it looks like we are about to completely 'Shit the Bed', Only to bounce back up and away, recovering strongly and continuing to move to the heavens. Time will tell at this point, but expect some downward movement in the interim.
ASX:XMJ
by TheyCallMeNova
Stock Market ft. The BIG SHORT.Election coming, looks to be priced in as we speak, expect a drop, probably more severe than my chart if the conditions are met BELOW.. Conservative levels to short above (no guarantee we are coming back to those levels) as the futures market can continue to plummet as early as Monday next week. I expect a heavy forecast of rain up until the election and after, we are about to see some crazy $%^& in the next few months, Price is weighted on the weekly, to Target 1, if that level doesn't hold we will see target 2 and target 3 QUICK, If my price reacts the way I think it is, I will be dropping a multi-year monthly chart to follow, Good luck traders.
SP:SPXShort
by MarketMakerTraders
S&P 500 tests THIS resistance after NFP bounceFollowing the weaker US NFP data and thanks to strong performance from Amazon, the S&P 500 rallied. But this comes hot on the heels of a big drop the day before, which means the recovery could fade if Thursday marked a reversal day in the markets. At the time of writing, the SPX 500 was testing resistance right around the 5770-5775 area. Previously this was a key short-term support zone until Thursday's breakdown. Now below this area, the 200-period MA and the bullish trend line, could we see this zone now turn into resistance? If the selling resumes here then the next big area of support below Thursday's low is at around 5670, marking the high made back in July. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:SPX500Short
by FOREXcom
Dowjones on Hourly Timeframe | Big Bullish CandleCould this be a trend reveral for short term? Market Trend: The overall trend is labeled as bearish, confirmed by the "Strong" trend indicator in the dashboard. RSI (Relative Strength Index): At 53.34, the RSI suggests neutral to slightly bearish momentum. However, this reading doesn’t yet indicate an overbought or oversold condition. Volatility: High volatility at 84.54% signals potential for sharp price movements. 2. Chart Patterns Swing High and Swing Low: Marked points of recent high and low levels indicate a clear downtrend, as shown by the sequence of lower highs (LH) and lower lows (LL). Supply and Demand Zones: The red zone above the entry level (42771.24) is labeled as a supply area, suggesting strong resistance, while the green area at the bottom is a demand zone, indicating support. Descending Trendline: A blue trendline connects the lower highs, reinforcing the bearish trend and potential resistance for any upward move. 3. Entry and Target Levels Entry Level: The chart recommends a short (sell) entry at 42771.24. Stop Loss (SL): Placed at 42953.61, this stop loss is set above the supply zone to protect against unexpected upward movements. Take Profit (TP) Levels: TP1: 42488.87 TP2: 42256.49 TP3: 42024.12 TP4: 41791.74 These levels suggest a step-down approach in profit-taking, aiming to capture gains as the price moves toward the demand zone. 4. Performance Metrics Accuracy: The indicator shows a historical accuracy of 69.48% for this setup, suggesting relatively high reliability.
DJ:DJILong
by ifro09
10yr TreasuryGoing into NFP, before a POTUS election and FOMC guidance next week, the 10yr has been quite a moving train these last few weeks. There are too many gaps to be filled to call any lower pricing target. With the November contract taking over volume yesterday we may see some calming down while the fundamentals reveal themselves these next few business days. I'm sure most new home buyers or potential buyers would appreciate some retracement on this run since it will reduce the 30yr mortgage rate. For some USDA purchasers the 5yr may also hold some relevancy. Also, as a side note the 10yr has either dipped (.2% to .5%) or went sideways when reading the last 5yrs of price action (Oct31st-Nov25th zone).
TVC:TNXShort
by j_nathan
NAS100USDNAS100USD, analysis 1. **Support and Resistance Zones**: - The chart shows two key levels: 20,683.1 as resistance and 19,645.2 as support. Price is currently below the resistance at 20,683.1 and appears to be testing lower levels, which may indicate selling pressure. 2. **Price Action**: - The recent decline from the 20,683.1 level suggests that the NAS100 may be experiencing a pullback or reversal in the short term. If price fails to sustain above the 20,016 level (where it’s currently hovering), it could continue toward the lower support at 19,645.2. 3. **Trend**: - The overall trend leading up to this point appears bullish, with the price making higher highs and higher lows. However, a failure to break above the recent high could signal a potential reversal or a more significant correction. 4. **Potential Trade Setup**: - **Sell Signal**: If price fails to hold above 20,016 and shows signs of bearish continuation, a short position targeting the 19,645.2 support level could be considered. - **Buy Signal**: If price finds support at or above 20,016, shows signs of a reversal, and moves back towards 20,683.1, it may signal a continuation of the uptrend, suggesting a potential buy. Suggested Approach Consider monitoring price action around the 20,016 level. A confirmed break below could favor a short position, while support around this level might favor a long position targeting the resistance near 20,683.1. Remember to set a stop-loss in line with your risk tolerance and to manage your position carefully.
OANDA:NAS100USD
by TheRaccoontrader