NF - NEW ATH XAU - market expectations⭐️ Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price rises to around $2,450 per ounce in Asia on Friday. Traders are waiting for US labor market data for July. Recent data on manufacturing and employment in the US have raised concerns, boosting demand for safe-haven assets like Gold. US ISM Manufacturing PMI fell to 46.8 in July, lower than expected. Initial Jobless Claims for the week ended July 26 increased to 249K.
⭐️Personal comments NOVA:
Sentiment and the market are looking forward to a new ATH point today after the NF news was announced. The expected resistance zone is 2500
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2442 - $2444 SL $2438( scalping / Only applicable for Asian and European sessions )
TP1: $2449
TP2: $2455
TP3: $2462
🔥BUY GOLD zone: $2415 - $2417 SL $2410
TP1: $2425
TP2: $2440
TP3: $2450
🔥SELL GOLD zone: $2502 - $2504 SL $2510
TP1: $2490
TP2: $2480
TP3: $2460
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Longterm
Gold price recovered to $2400, sideway Monday⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) demonstrated strength below the 50-day Simple Moving Average (SMA) on Friday and made a slight recovery from a low point reached over two weeks ago. This upward movement occurred after the US Personal Consumption Expenditures (PCE) Price Index was released, indicating a modest increase in inflation in June. This development raised expectations for the Federal Reserve (Fed) to begin reducing interest rates soon. Following the inflation data, US Treasury bond yields decreased, weakening the US Dollar (USD) and supporting the gold, which does not provide interest yields.
⭐️ Personal comments NOVA:
Gold price recovered at the beginning of the week - world military news continues to influence gold price to recover to 2400, sideways this area is expected to continue below $2400
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2374 - $2372 SL $2367
TP1: $2380
TP2: $2390
TP3: $2400
🔥SELL GOLD zone: $2406 - $2408 SL $2413
TP1: $2400
TP2: $2390
TP3: $2380
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
ETH - Trading The Range, AGAIN!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per our previous analysis, ETH rejected the $3000 support zone and traded higher.
📈 ETH is still trading within a big range in the shape of a symmetrical triangle.
🏹 Thus, as it approaches the $3000 again, we expect a bullish movement towards the $3,500 round number.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZD/ CAD !! 7/26 trendline Uptrend✍️ NOVA hello everyone, Let's comment on NZD/CAD price long-term trend
🔥 Identify:
D1 - long-term time frame shows that the price is following the Uptrend line - touching the trendline. wave 5
🔥 Technically:
Based on the resistance and support areas of the NZD/CAD price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: 0.82500 - 0.84000 - 0.85500
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Charting the Future: An Elliott Wave ApproachTechnical Analysis of Rajesh Exports Using Elliott Wave Theory
Monthly Time Frame Analysis
Elliott Wave Count and Structure:
- The monthly chart of Rajesh Exports shows a clear Elliott Wave pattern, suggesting the completion of a corrective wave (C) of a larger degree wave ((2)) in Black, implying that a new bullish impulse is likely to begin wave ((3)) in Black.
- The recent price action indicates the end of Wave (C), part of a larger correction that followed a significant impulse wave (5) earlier of wave ((1)) in Black.
- This suggests that the stock is about to start a new bullish cycle, labeled as Wave (1) in Blue of a new impulse higher Primary degree wave ((3)) in Black.
Bullish Divergence:
MACD: The price shows hidden bullish divergence with the MACD, as the MACD line forms higher lows while the price makes lower lows on Monthly time frame.
RSI: Similar hidden bullish divergence is observed with the RSI too on monthly time frame, reinforcing the bullish outlook.
Daily Time Frame Analysis
Bullish Divergence:
MACD: The price shows bullish divergence with the MACD, with the MACD line forming higher lows while the price forms lower lows.
RSI: The RSI also shows bullish divergence, adding further weight to the bullish scenario.
Trigger Point:
Trendline Breakout:
The daily chart indicates a trendline breakout accompanied by a significant increase in volume. This breakout suggests a strong bullish sentiment and confirms the start of a new upward trend.
Invalidation Level:
The invalidation level for this bullish scenario is set at 261. If the price falls below this level, the bullish wave count would be invalidated.
Targets:
According to Elliott Wave Theory, the third wave (3) is typically the most powerful. Using the Fibonacci extension, the 161.8% target of Wave (1) places the possible price target near or above 1800.
Summary
Elliott Wave Count: Indicates a potential start of a new bullish impulse wave.
Bullish Divergence: Both MACD and RSI on the daily and monthly charts show bullish divergence.
Trendline Breakout: Confirmed with high volume, suggesting strong upward momentum.
Invalidation Level: 261
Target: 161.8% Fibonacci extension of Wave (1) projects a target near or above 1800.
The overall analysis suggests that Rajesh Exports is poised for a significant upward movement, with strong bullish indications from both the Elliott Wave counts and technical indicators.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
WIPRO: Out of the shell ?- The chart is pretty self-explanatory but here is the gist:
- 10 months of pure sideways consolidation (I get it. Wipro tested Investor's patience, the most)
- Breaks the support only to reverse back into the range, trapping sellers
- On the verge of breaking its range for the cage-free price momentum
- Also, the Indian IT sector is approaching its critical resistance for the third time. (link in the comment section)
- Don't let the analysis end here! Boost, comment, and follow for more such insightful posts
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
BTC By HesamUNT ( Time cycle )hey traders
its not about uptrend or downtrend
its about key lvls with time cycle
The horizontal lines will b confirmation for time cycle , after each season there will b a new trend in this market
Red lines = Long-term scneario
Yellow Lines = Mid-term scenario
Blue Lines = Short-term scenario
what u think ?
share ur chart and leave a comment
ELECTCAST 3rd Time Knocking its All Time High with Weekly HammerNSE:ELECTCAST
The company was incorporated in November 1955, as Dalmia Iron & Steel Ltd and re-incorporated under the name of ECL in May 1965. ECL manufactures DI pipes with combined installed capacity of 7,45,000 MTPA. Combined production capacity for DI fittings and cast iron pipes is 21,000 MTPA and 90,000 MTPA, respectively. Through backward integration, the company also operates a blast furnace, coke oven and waste heat recovery-based power plant. Plants are in Khardah and Haldia in West Bengal, Elavur in Tamil Nadu, and Srikalahasthi in Andhra Pradesh.
Strengths:
Established position in the pipes industry with significant backward integration: The three-decade-long experience of the promoters in the ductile iron (DI) pipes industry has helped them establish significant market presence, expand production capacities, and undertake backward integration over the years. The facility is already utilised by over 90% and ECL plans to further add capacity of more than 2.5 lakh metric tonne per annum (MTPA) over the next two fiscals. This will enable the company to retain its leadership position in the DI pipe market. The company maintains strong trade relationships with reputed overseas customers and all major players in the domestic market. Limited competition, owing to large capital requirement and necessity to have critical accreditations and customer approvals, bolster the business risk profile. Performance is further supported by improving global and domestic demand, as reflected in a strong order book providing healthy revenue visibility.
Healthy financial risk profile: Networth and gearing have improved to Rs 5,111 crore and 0.44 time, respectively, as on March 31, 2024 (Rs 4,376 crore and 0.6 time, respectively, a year earlier), backed by better profitability and hence, steady accretion to reserves. Lower dependence on external debt and better working capital management should also aid the financial risk profile. Debt protection metrics remain comfortable with interest coverage and net cash accrual to adjusted debt ratios at 5.7 times and 0.34 time, respectively, in fiscal 2024.
Order Book
6 lakh tonnes let say, so about nine to 10 months of Healthy Order Book.
worth of
Around Rs. 4,500 crores approximately.
Financial Highlights
Revenues at INR 7,580 Crores, Highest ever
yearly EBITDA and PAT at INR 1,281 Crores
and INR 740 Crores, respectively in FY24
➢ EBITDA margin and PAT margin at 16.9%
and 9.8%, respectively in FY24
➢ Adjusted FY24 ROCE at 19.0% (FY23 -
13.0%) and ROE at 19.3% (FY23 - 11.2%)
➢ Strong Order Book visibility of 10 months
Other Financial Metrics
EBITDA grew by 50.9% YoY to INR
346 Crores in Q4FY24, the EBITDA
margin expanded by 495 bps YoY to
17.0%.
• Highest ever PAT of INR 227 Crores,
up by 153.8% YoY in Q4FY24, PAT
margin expanded by 645 bps YoY to
11.1%.
• Decline in interest cost by 33.3%
during the quarter.
Effective Positive Policies
Jal Jeevan Mission (JJM): Driving Water Infra Demand
➢ The Government’s flagship scheme - Outlay of INR 3.60 lakh crores
➢ Providing water supply by to every crore rural household at a
capacity of at least 55 litres per capita, per day (lpcd) by 2024
➢ Providing Functional Household Tap Connections (FHTCs) to 19.4
crore rural households and village institutions
➢ Prioritising quality-affected villages (drought prone & desert areas
Additional Government Schemes Driving Water Infra Spending
AMRUT 2.0: INR 2,99,000 Crores
(Launched by Hon’ble PM on 1st Oct 2021)
➢ Aims to provide 2.68 Crore water taps connections in 4,800 statutory
towns
➢ New 2.64 Crore Sewerage/Septage services in 500 AMRUT cities
Investment or Trade Mindset With ExampleNow looking to this chart, if we have long term vision then my question is "How long ?" and "Why Long?". Many of you are already familiar with technical or fundamental analysis but my point is how to discriminate your mind into two half for a same script or same sector.
Coming to the solution:
Let's know about benefits -"FAYDA". If we can then we can ride long term and short term both and by hypothetical calculation it will shock will brain like anything else.
Personally I have no interest to be biased for long term or short term. I can see only "Munafa" means profit.
It's very simple.
Step 1: For long term holding hold the script in account "A"
And for short term use different account "B"
Step 2: Well Define your long term system and short term system and place it in-front of your working table or place.
Step 3: Even for analysis use two different drawing.
Step 4: Even after doing these all your mind will disturb you. Just take a break of your screen by placing alert on your system.
I hope this can help you. Kindly let me know something that I can discuss and share with you.
In this way I am also learning.
Thank you for reading.
Disco _ Achieving Pole Target price at JPY 126,650 +318% PROFITDisco Corporation, Rising Channel Pattern formed and Breakout. Breakout in November 2023 and approaching the Pole Target price at JPY 126,650. Totally +318% PROFIT and there is Still +84%. Try to use this opportunity to make an 84% profit. This is Long-Term Analysis, must follow the Trend Continuation Technique.
Support me; I want to Help People Make PROFIT all over the "World".
Future forecast with fractal pattern detectionTake this as a representation of entire market structure
On the first pannel, you can see 4 boxes
The bigger ones A+B (green continuous period) are a perfect representation of the smaller ones A+B (green dotted period)
They are fractaly similar
So, we will take the small pattern period to reveal what will happen with the bigger period
And that is what we see on the 2nd pannel: the blue line on the 2nd chart is the exact pattern of the small period, but plotted over its bigger counterpart
Hold tight, because it will be a great ride!
Bitcoin Seasonality: GMI Total Liquidity Index CorrelationBitcoin's price action appears to correlate with seasonal trends in global market liquidity, as measured by the GMI Total Liquidity Index. This relationship offers insights into potential Bitcoin price movements throughout the year:
Winter (Blue): Often coincides with tighter liquidity conditions. Bitcoin may experience consolidation or downward pressure during this period.
Spring (Green): Usually marks the beginning of increasing liquidity. Bitcoin tends to show signs of accumulation and the start of upward movements.
Summer (Yellow): Typically represents peak liquidity conditions. Bitcoin often experiences strong bullish trends during this season, with some of the most significant price increases.
Fall (Orange/Brown): Liquidity begins to taper off. Bitcoin may continue its upward trend from summer but at a slower pace, or begin to show signs of distribution.
This pattern suggests that Bitcoin's price movements might be influenced by broader market liquidity cycles. Higher liquidity periods (spring and summer) tend to correlate with stronger Bitcoin performance, while lower liquidity periods (fall and winter) often see more muted or negative price action.
Disclaimer: It's crucial to note that while these patterns are observable, they aren't guaranteed to repeat. Other factors such as regulatory changes, technological developments, and macroeconomic events can significantly impact Bitcoin's price, potentially overriding seasonal liquidity trends.
Traders and investors might use this seasonal liquidity perspective as one of many tools for understanding potential Bitcoin market cycles, always in conjunction with other forms of analysis for a comprehensive view.
DMART - Momentum is building for upside move - Time to go LONG!DMart looks like it has bottomed out, presenting an opportunity for a long trade with a tight stop loss in place!
Trade Idea Explanation:
- Entry Point: Best around 4300+
- Stop Loss: Tight SL to 4100 on closing basis of D tf candle
- **Target:** Expecting a significant upside around 5900++
Stay updated for further insights and trade safely!
If you have liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.
Thanks & Regards,
Anubrata Ray
Copper Five Dollar TargetPossible distribution pattern incoming that'll take about 2 years to playout. The selloff that'll play afterwards will be quick like usual based on what we've seen in the past. 2008, 2011, and 2022.
Keeping an eye on MACD will help time a top if we dont see a breakout from the channel.
Is LTC approaching a trend reversal?I invite you to check the situation of LTC in pair with USDT on a one-weekend basis.
We see on the chart that the price is at the intersection of two lines, an upward trend line and a downward trend line. These are the two main trend lines that have currently formed a triangle from which the price will choose the direction of movement.
Locally, we can see a sideways trend channel with smaller and smaller lows.
The RSI indicator shows that we have approached the place where we could previously observe price rebounds, the STOCH indicator looks similar, but here we can see a movement at the lower limit, which may translate into an upward movement.
Moreover, the chart shows how the price remains in a strong support zone, which may also influence the upcoming rebound towards the designated resistances.
ETh/USDT 1DInterval Chart ReviewHello everyone, I invite you to review the chart of ETH versus USDT, taking into account the one-day time frame. As you can see, the price has risen from the first channel of the downward trend, marked with blue lines, but currently we are staying just at the lower border of the lateral trend channel, marked with purple lines.
Currently, the price has bounced off the strong support zone which starts around $2,954 and ends at $2,681. A breakout from this zone could result in a price drop to around $2,000.
Looking the other way, you can see how the price remains ahead of a strong resistance zone from $3,083 to $3,253, going further you can determine the second zone from $3,531 to $3,732. If the price breaks higher from these two zones, there is still strong resistance at $3,977.
On the RSI indicator, we can see that we are bouncing just before the lower limit, which may potentially result in further upward movement, but it is worth monitoring the behavior of BTC to see if the current panic will deepen market corrections again.
SOUTHBANKHi guys,
In this chart i Found a Demand Zone in SOUTHBANK CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
VIPCLOTHNGHi guys,
In this chart i Found a Demand Zone in VIPCLOTHNG CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
DEN NETWORK FOR LONG TERM MY VIEW ON 06.07.2024Den Networks Ltd is one of the largest cable distribution companies in India. Here's a detailed explanation:
Overview
Den Networks Ltd was established in 2007 and has grown to be a major player in the digital cable television and broadband sectors in India. It is part of the Reliance Group.
Business Segments
Cable TV:
Den Networks provides cable television services across multiple cities in India.
It offers a wide range of channels, including regional, national, and international content.
The company has been transitioning from analog to digital cable TV, which provides better picture quality and additional services.
Broadband:
Den Networks offers high-speed internet services.
It has been expanding its broadband services to cater to the growing demand for internet connectivity in both urban and rural areas.
Key Features
Wide Reach: Den Networks has a significant presence in several states across India, making it one of the most widespread cable TV service providers in the country.
Digital Transition: The company has been focusing on converting its analog cable subscribers to digital, which allows for more interactive services and higher-quality broadcasting.
Partnerships and Collaborations: Den Networks has formed strategic alliances with various content providers and other stakeholders in the media and entertainment industry to enhance its service offerings.
Financial Performance
Revenue Streams: The company generates revenue from subscription fees, advertising, and broadband services.
Investments: Den Networks has been investing in infrastructure and technology to improve its service quality and expand its customer base.
Challenges and Competition
Market Competition: Den Networks faces stiff competition from other cable and DTH (Direct-to-Home) service providers like Tata Sky, Airtel Digital TV, and Dish TV.
Regulatory Environment: Changes in regulations by the Telecom Regulatory Authority of India (TRAI) can impact the company's operations and pricing strategies.
Recent Developments
Reliance Acquisition: Den Networks is now part of the Reliance Group, which has provided it with additional resources and support to expand its services and improve its market position.
Technological Advancements: The company is continually upgrading its technology to offer better services, such as high-definition channels and faster internet speeds.
Den Networks Ltd continues to be a significant player in India's media and entertainment industry, adapting to changes and leveraging new opportunities to grow its business.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.