? Tata Consultancy Services Ltd. (NSE: TCS) - Technical Analysis and Trade Plan ? Chart Analysis Current Price and Movement : Current price: ₹4,175.00, with a recent increase of ₹18.95 (+0.46%). Chart indicates a recent downtrend followed by a potential corrective wave pattern. Wave Analysis : The chart highlights a wave pattern labeled A, B, and C . Wave B retracement zone: Between ₹4,202 and ₹4,037 , described as a golden retracement zone where prices may take support and reverse sharply. Support and Resistance Zones : Wave C (Intermediate) correction completion zone : Around ₹4,175.00. Stop Loss: At ₹4,042.10 , indicating failure of the golden retracement zone on the daily chart. First Target Zone : Between ₹4,539 and ₹4,587 . Second Target Zone : At ₹4,778.00. Potential Price Movements : Dashed lines in the chart suggest potential upward movements towards the target zones. If the price holds the current support level, it may move towards the first and second target zones . Trading Plan Entry Point : Consider entering a long position as the price completes Wave C within the golden retracement zone. Target : First Target Zone : Between ₹4,539 and ₹4,587 . Second Target Zone : At ₹4,778.00. Stop Loss : Place a stop loss at ₹4,042.10 to manage risk in case the support level fails. Disclaimer This analysis is for informational purposes only and should not be considered financial advice. Trading stocks, options, and other financial instruments involves risk and may not be suitable for all investors. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. #TCS #TechnicalAnalysis #TradingPlan #StockMarket #Investment
JTIASA expected to be pull out to make recovery. TAYOR.
from my first entry gold has not been able to reclaim the level. but on shorter time frame i am eyeing gold short once again.
After making Bearish divergence on daily time frame. the stock is likely to restest its breakout trendline and hopefully consolidate in 336-340 range for another bull ride.
? Infosys Ltd.? ? Technical Analysis Wave Count : The chart identifies five waves labeled 1 through 5 . Current price action suggests the completion of Wave 4 and the beginning of Wave 5 . Wave 1 : Starts from the bottom left and peaks around November 11. Wave 2 : Corrective wave ending around November 18. Wave 3 : Strong upward wave peaking around December 16. Wave 4 : Corrective wave in progress, retracement zone: ₹1899-₹1940 . Wave 5 : Projected upward move towards the target zone: ₹2018-₹2032 . Corrective Waves : The intermediary correction ( Wave C ) is expected to complete within the highlighted yellow zone . Target Zone : The target zone for Wave 5 is ₹2018-₹2032 . Stop Loss : Place at ₹1890 based on Wave 4's failure. Volume : Volume at 2.3M (bottom right of the chart). Trading Plan Entry Point : Enter long as Wave 4 completes and Wave 5 begins, ideally near the Wave C completion zone . Target : Aim for ₹2018-₹2032 . Stop Loss : Place a stop loss at ₹1890 to manage risk. Disclaimer This analysis is for informational purposes only and should not be considered financial advice. Trading stocks, options, and other financial instruments involves risk and may not be suitable for all investors. Always conduct your research and consult with a licensed financial advisor before making investment decisions. #Infosys #TechnicalAnalysis #TradingPlan #StockMarket #Investment #ElliottWave
Well true enough goat would MAKE ONE BIG CANDLE to the 0.927 but still on buys bit low, so scalping short the purple line, the earlier purple line was invalidated. The green line was done but purple is yet to be by short is to scalp the small little tp's to gwt the longs
FXOPEN:XAUUSD Alexgoldhunter Chart Analysis: CFDs on Gold (US$/OZ) 1-Hour Timeframe Current Market Structure Current Price: $2,623.689 Resistance Levels: 2,650.000 USD 2,645.861 USD 2,635.056476 USD (0.786 Fibonacci level) 2,629.61603 USD (0.705 Fibonacci level) 2,623.775288 USD (0.618 Fibonacci level) Support Levels: 2,615.847 USD (0.5 Fibonacci level) 2,607.921412 USD (0.382 Fibonacci level) 2,588.000 USD 2,578.000 USD Indicators RSI: 63.41 (indicating neutral to slightly bullish sentiment) MACD: Shows bullish momentum with the MACD line above the signal line Volume Profile: High trading activity around $2,700, indicating strong support/resistance zones Buy Strategy Confirmation: Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) near the 0.5 Fibonacci level ($2,615.847 USD). Ensure RSI remains above 50, indicating bullish momentum. Entry: Enter a buy position around the 0.5 Fibonacci level ($2,615.847 USD). Stop Loss: Place a stop loss below the next support level at $2,578.000 USD to manage risk. Take Profit: Aim for a 2:1 risk-reward ratio, targeting around $2,645.861 USD (resistance level) and $2,650.000 USD. Sell Strategy Confirmation: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) near the resistance levels around $2,650.000 USD. Ensure RSI remains below 50, indicating bearish momentum. Entry: Enter a sell position around the resistance level at $2,650.000 USD. Stop Loss: Place a stop loss above the strong resistance level at $2,655.000 USD to manage risk. Take Profit: Aim for a 2:1 risk-reward ratio, targeting around $2,615.847 USD (0.5 Fibonacci level) and $2,607.921412 USD (0.382 Fibonacci level). VIP Signal Format entry: $2,615.847 USD tp1: $2,645.861 USD tp2: $2,650.000 USD sl: $2,578.000 USD This analysis uses price action techniques to generate a structured buy and sell strategy for CFDs on Gold (US$/OZ). If you need further details or adjustments, feel free to let me know! ?? Follow @Alexgoldhunter for more strategic ideas and minds
gold has been at a strong rage i see a it getting weaker by the week this is my out look
1. Key Levels * Resistance Levels: * $594.00: Immediate resistance level based on recent price action. * $600.00: Psychological resistance and critical test zone. * $608.50: Longer-term resistance from prior highs. * Support Levels: * $588.00: Current consolidation support zone. * $582.30: Intermediate support level based on prior rejections. * $577.74: Major structural low and critical support from the recent bounce. Observations and Price Action 1. Trend: * SPY bounced strongly from $577.74, creating a higher low, indicating short-term bullish momentum. * Price is consolidating under $594.00, which could act as a key pivot point for the next move. 2. Stochastic RSI: * The Stochastic RSI is entering overbought territory, suggesting potential slowing momentum or a pullback before another leg up. 3. Volume: * The recent move off $577.74 was accompanied by rising volume, signaling buying interest at key support. My Thoughts on SPY’s Direction * Bullish Bias: SPY is likely to retest $594.00 and potentially break higher toward $600.00 if buying momentum continues. * Bearish Risks: If $594.00 holds as resistance, a pullback to $588.00 or even $582.30 could occur. I lean slightly bullish, but a breakout above $594.00 is essential for further upside. Watch for rejection signals if SPY struggles to clear this level. Trade Scenarios Bullish Scenario: * Entry: On a breakout above $594.00 with strong volume. * Targets: * Short-Term: $600.00. * Extended: $608.50. * Stop-Loss: Below $592.00 to minimize risk. Bearish Scenario: * Entry: On rejection at $594.00 or breakdown below $588.00. * Targets: * Short-Term: $582.30. * Extended: $577.74. * Stop-Loss: Above $595.00 for rejection trades or $589.50 for breakdown trades. Key Focus Areas * $594.00 Resistance: Watch for a breakout or rejection. * Volume Confirmation: Ensure volume aligns with the direction of the move. * Momentum Shift: Monitor the Stochastic RSI for signs of a reversal or continuation. Conclusion SPY is consolidating near a critical resistance level at $594.00. A breakout would open the door to $600.00, while rejection could lead to a pullback toward $588.00 or lower. The direction tomorrow will largely depend on how SPY reacts to the $594.00 level. ----------- Option Trading Scalping and Long/Short Strategy for SPY ------------ https://www.tradingview.com/x/LTXf0KVN/ 1. Scalping Strategy for Options Key Observations from GEX Levels and Chart * Resistance Levels: * $593.00: Strong resistance, aligns with the 3rd Call Wall (53.16% GEX). * $598.00: Another key resistance from the 2nd Call Wall. * $600.00: Psychological resistance and CALL Resistance level (93.35%). * Support Levels: * $587.00: High Volume Level (HVL) and critical support zone. * $583.74: Highest negative gamma exposure (Put Support). * $577.74: Recent swing low and major structural support. * Options Oscillator Insight: * IV Rank is moderate (27.6%), indicating stable implied volatility. * Puts outweigh Calls (48.3%), showing slight bearish sentiment. Scalping Call Options (Bullish Setup): * Entry: If SPY breaks above $593.00 with volume confirmation. * Target: $598.00 (short-term target) and $600.00 (extended target). * Stop-Loss: Below $592.00 to manage risk. Why It Works: The breakout above $593.00 aligns with gamma-driven resistance at $598.00 and $600.00, signaling momentum to the upside. Scalping Put Options (Bearish Setup): * Entry: On rejection at $593.00 or breakdown below $587.00. * Target: $583.74 (short-term target) and $577.74 (extended target). * Stop-Loss: Above $593.50 for rejections or $588.00 for breakdown trades. Why It Works: Failure to hold $587.00 would push SPY toward negative gamma zones, with increased bearish pressure targeting the next support levels. 2. Long/Short Strategy Long Strategy (Bullish Case): * Entry: Above $593.00 with sustained price action and volume. * Targets: * Short-Term: $598.00. * Extended: $600.00. * Stop-Loss: Below $591.00 to minimize downside risk. Why It Works: Breaking $593.00 indicates bullish momentum with gamma resistance weakening as the price moves higher. Short Strategy (Bearish Case): * Entry: On rejection at $593.00 or a confirmed breakdown below $587.00. * Targets: * Short-Term: $583.74. * Extended: $577.74. * Stop-Loss: Above $594.00 for rejection trades, or $588.50 for breakdown trades. Why It Works: A failed breakout or breakdown aligns with bearish sentiment from the options flow, targeting downside gamma zones. 3. Additional Notes * Volume Confirmation: * Monitor volume spikes near $593.00 for breakouts or rejections. * Timeframe: * Use the 1-minute or 5-minute chart for scalping. * Strike Selection: * Focus on at-the-money (ATM) options with 7–14 DTE for scalping. Conclusion * Bullish Scenario: Breakout above $593.00 targets $598.00 and $600.00. * Bearish Scenario: Rejection at $593.00 or breakdown below $587.00 targets $583.74 and $577.74. Keep a close eye on price action, volume, and gamma levels to guide your entries and exits effectively. ? Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please trade responsibly and manage your risk accordingly.
NYSE:DRI gapped Up on Dec 19th. Fibonacci technical analysis: Now finding Resistance at Fib level –61.8% (188.82) on Upward Fib and Double Top formed. Price likely to retrace lower to retest the gap. My Downward Fib shows retracement levels 38.2 % at 171, 61.8% at 166.5, and 78.6% at 164. PUTS on NYSE:DRI with Target 1 at 178, Target 2 at 171, and Target 3 at 166.5 Stop Loss slightly above the –78.6% extension Fib level (199.25)