NIFTY 23700 PE 27TH MAR EXP NIFTY OPTIONS BUYING TRADE TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS Hi Traders, The Nifty index is trading near major resistance level of 23800, creating a potential sell-on-rise opportunity. We recommend considering the 237000 Put Option (expiring on 27th March) between ₹115 - 112. Target levels: ₹145 and ₹200. Stop Loss (SL): ₹85 Regards, OptionsDaddy Research Team
Technical Analysis of Tata Motors (Monthly Chart) From the provided chart, here are key observations: 1. Strong Demand Zone (Best Buying Zone) The green highlighted area (around ₹580–₹680) represents a strong support zone where the price has historically reversed. The price has retested this zone and is showing signs of buying interest, as seen by the bounce. 2. Potential Reversal with Volume Confirmation The latest monthly candle has a long wick, indicating buyers are stepping in. Volume has increased, suggesting strong accumulation in this zone. 3. Resistance Levels to Watch First Target: ₹870–₹880 (Marked in Blue) – This is the nearest resistance level. Breakout Above ₹880: Can push the price toward ₹1,000+ in the long term. 4. Risk Management & Stop-Loss A stop-loss can be placed below ₹580 to minimize risk. If the price breaks this level with high volume, further downside could be expected. Conclusion – Long-Term Buying Opportunity This monthly chart suggests a strong buying opportunity around ₹580–₹680. If the price holds, a bullish trend continuation is likely toward ₹870+ in the coming months. Would you like a detailed entry-exit strategy based on Fibonacci, Moving Averages, or other indicators? ?
Beginning of the Uptrend for Stock #01: 9988 (BABA) The price has broken out of a consolidation range that lasted approximately two years, supported by a normal volume distribution. The stock has risen to meet the Fibonacci Extension resistance level of 161.8 at a price of 144 HKD. Currently, it is forming a sideways consolidation pattern on the smaller timeframe, establishing a base structure viewed as re-accumulation. The 6-month target is set at the Fibonacci Extension level of 261.8, which corresponds to a price of 189 HKD. This target aligns with a price cluster based on the valuation from sensitivity analysis, using the forward EPS estimates for 2025-2026 as a key variable for calculations, along with the standard deviation of the price-to-earnings ratio. Wait for the Right Moment to Accumulate Shares within the Consolidation Range Purchase near the support level of the range when the price pulls back. Look for a candlestick reversal pattern as a signal to add to your position. However, should the price break down to the lower consolidation range, the stock would lose its upward momentum, potentially leading to a prolonged period of consolidation or a deeper pullback to around 90 HKD. Always have a plan and prioritize risk management.
??? Gols news: ?Gold prices continued to decline early Tuesday, though they remained above the $3,000 level. Reports indicate that Trump's tariffs will be narrower and less sentient than initially feared, while the recent recovery of the U.S. dollar from multi-month lows and optimism about a potential peace deal between Russia and Ukraine have weakened XAU/USD. The daily chart for XAU/USD shows the pair under pressure for the third consecutive day, although the decline still appears to be a corrective movement. ?Meanwhile, U.S. economic data has been largely positive. S&P Global released preliminary estimates for the March Purchasing Managers’ Index (PMI), stating that U.S. business activity growth accelerated in March as a strong expansion in the services sector offset a fresh decline in manufacturing output. The composite PMI improved to 53.5 from 51.6 in February. Personal analysis: ?Gold will maintain its downward trend in the short term due to positive news from the USD. ?Technically, DXY's daily RSI shows signs of recovery after entering the oversold zone. ?Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy Support zone: 3000 - 2.984 - 2.971 Resistance zone: 3.025 - 3.033 - 3.047 Plan: ? Price Zone Setup: ?Sell Gold 3023- 3025(Scalping) ❌SL: 3029 | ✅TP: 3018 – 3013 – 3007 ?Sell Gold 3038- 3040 ❌SL: 3044 | ✅TP: 3033 – 3028 – 3023 ?Buy Gold 2999 - 3002 (Scalping) ❌SL: 2995 | ✅TP: 3006 – 3011 – 3016 ?Buy Gold 2982- 2984 ❌SL: 2978 | ✅TP: 2989 – 2994 – 3000 FM wishes you a successful trading day ???
QQQ may be setting up for a bearish reversal, as several technical confluences suggest the recent rally is losing steam. Despite a short-term bounce, price is approaching a critical decision zone, and buyers appear to lack conviction. ? 1. Price Testing Upper Boundary of Descending Channel QQQ has rallied into the upper boundary of the descending channel (yellow lines) that’s been in place since late December. This often acts as resistance—and the price has yet to break above it with strength. ? 2. Hitting the Edge of Rising Regression Channel The current price is tagging the upper edge of the blue rising regression channel, an area that has previously triggered sell-offs. Unless there’s a decisive breakout, this could mark a local top. ? 3. Volume Divergence – Weak Buyer Interest Despite the recent rally attempt, volume is declining, showing clear divergence. This is a warning sign: while price moves up, momentum is fading, and buyers don’t appear to be stepping in strongly. It’s often a precursor to a reversal. ? 4. Lower Boundary of Rising Channel Still Intact... For Now Price remains near the long-term rising channel’s lower support, but failure to hold this level could trigger accelerated downside. ? Key Levels to Watch: ? Resistance 490.13 – 494.67: This zone is packed with prior support-turned-resistance and coincides with the descending and regression channel boundaries. A rejection here would confirm the bearish thesis. 499.44: A psychological and historical resistance level. Bears would likely pile in if price fails here again. ? Support 488.15: Immediate minor support. Weak defense here could quickly lead to further selling. 477.59: Next key level below current price. If breached, it could validate a more extended correction. ? Summary: QQQ is at a technical crossroads, with several overlapping resistance levels and a clear lack of buying volume. Until buyers show conviction above 494–495, the setup favors a bearish reversal from current levels. ? Watch for a rejection around 490–495 with increasing sell volume for confirmation. ? What’s your outlook? Do you see further downside or a breakout brewing?
ETH is still trading inside a descending channel, showing signs of a possible reversal. The price is bouncing off support levels around $1,750-$1,830, with a possible retest of higher resistance levels. The 50-day moving average (red line) is acting as a dynamic resistance above the price. Bullish scenario: ETH needs to sustain above $1,830 to confirm a short-term correction. If ETH breaks the $2,200-$2,400 resistance zone, a rally toward $2,800-$3,000 could follow. Bearish scenario: Rejection at the resistance could push ETH back towards $1,830 and possibly $1,750. A loss of $1,750 could trigger a further decline towards $1,600. Resistance: $2,200, $2,400, $2,800 Support: $1,830, $1,750, $1,600 If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters! Thanks for your support! DYOR. NFA
Downtrend resistance that has thwarted AUD/JPY bulls since November is under attack on Tuesday following the completion of a three-candle morning star pattern. The bullish signal increases the probability of a retest of the equally formidable 50-day moving average, especially with momentum indicators like RSI (14) and MACD skewing higher. A decisive break of the downtrend creates a setup where longs could be established above with a stop beneath for protection. The 50-day moving average is the key hurdle for bulls to overcome, with a break of that opening the path for a run towards 96.00 or even the February high of 97.33. Should the move fail at the 50DMA, the trade could be nixed or even reversed. If the price fails to break the downtrend, the bullish setup would be invalidated. Good luck! DS
The retracement higher for the US dollar is finally underway, which also shows further upside potential. And this is why I am wary of being long EUR/USD over the foreseeable future, even if I suspect it is poised to break to new highs in the coming weeks. Matt Simpson, Market Analyst at City Index and Forex.com
Gap up opening expected in today's session. Expected opening above 52000 level. After opening if banknifty sustain above 52050 then expected strong upside rally upto 52450+ level in opening session. Downside 51550 level will act as a strong support for today's session. Any major downside only expected below 51450 level.
it is a shiny year for gold so far, it kept reaching new all time highs since Trump declare tarrifs on canada, Mexico and china, that causes big demand on gold admit world war trade fears, we have also the geopolitical side while Israel resumes war on Palestine after months, my setup is wait for a pullback on last structure zone confirmed by Fibo, then it would be a good entry for a long run