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Support and Resistance

Cyient DLM looking like it will deliver. Cyient DLM Ltd. engages in providing total electronic manufacturing solutions. It operates through the following segments: Aerospace and Defense, Medical, Industrial, and Transportation and Telecom. It offers design-led manufacturing (DLM) solutions. Cyient DLM Ltd. CMP is 677.85. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge. The Negative aspects of the company are extremely high Valuation (P.E. = 79.8) and Inefficient use of shareholder funds. Entry can be taken after closing above 686 Targets in the stock will be 722, 747 and 775. The long-term target in the stock will be 802, 841 and 869. Stop loss in the stock should be maintained at Closing below 649 or 599 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:CYIENTDLMLong
by Happy_Candles_Investment
Nifty Short Term Analysis. Nifty today has given a poor closing below 200 days EMA but the only saving grace can be that the closing is just above Mid-Channel support of 23500 and Important Fibonacci support of 23263. These Two supports are broken then more hell can break loose and we can get to see the next Fibonacci supports being tested. The next Fibonacci supports can be near 22509 or 21585. On the positive side if either of the support is held and then we can see a new rally in Nifty wit resistances at 24718 and 25347. It looks like Nifty will take some time to reach new highs as the the mode is bottom searching and consolidation as of now. Fresh rally and Bullish recovery can start only after we get a closing above these 2 levels. However, this can be a good time to go long by picking good blue chip stocks available at good valuations. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Bitcoin Dominance at Major Resistance: Alt Pump Incoming? 🚨 Bitcoin Dominance Update 🚨 Currently sitting at 58.69%, Bitcoin dominance has reached a critical confluence of horizontal and trendline resistance. 📉 Key Observations: - Dominance retraced precisely to the Golden Ratio (0.618 Fibonacci) level. - This area marks a potential reversal zone. 💡 What This Means: A decline in Bitcoin dominance could signal the much-anticipated altcoin season as capital flows out of BTC into altcoins. 🗺️ Key Levels to Watch: - A breakdown from this resistance could lead to massive altcoin pumps. - On the flip side, a breakout above this resistance could invalidate this setup. 📊 Keep your eyes on this setup, and let’s prepare for potential opportunities in the altcoin market. 🚀 🔔 Follow for more trade ideas and market insights! BitcoinDominance Altcoins CryptoTrading AltSeason BTC
CRYPTOCAP:BTC.D
by karmatseringhyolmo
EUR/USD Tests Key Pivot Points Amid Bearish TrendHello, FX:EURUSD has broken above the 1D resistance level and is now advancing towards the 1W pivot point (PP) for another test. If it successfully crosses and holds above this PP, further upward movement is likely, applying to both the 1W and 1M pivot points. However, it’s important to note that the pair remains in a strong bearish trend overall. Despite this, buyers have taken long positions, viewing the recent low as a potential turning point for an upward move. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
EURUSD Waiting for confirmation1. Time Frame: - Daily: FVG Identification - H4: FVG Identification - H1: Entry Signal 2. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.0380 - 1.0466 On the Daily chart also note FVG between 1.0422- 1.0480 3. Trend Confirmation: Price has break support at 1.0453 with massive net sell volume. Price has rise back to Daily & H4 FVG area. 4. Position: Entry: Waiting for confirmation Stop Loss : 1.0485 Take Profit: 1.0345 & 1.0240 (fibo 161.8 & previous low) RRR : 1:xx ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
XAGUSD: Key Levels to WatchHello, OANDA:XAGUSD appears to have found support, but the key level to watch is 29.579. If the price breaks and sustains above this level, further upside momentum is likely. However, if resistance holds, we can expect continued downside movement. Should a bullish breakout occur and momentum builds, the price may advance toward the 1M pivot point. Additionally, it's important to note that the 1M strong support is positioned at 28.702. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAGUSD
by TradeWithTheTrend3344
XAUUSD at Key Pivot Points: Upside or Downside?Hello, OANDA:XAUUSD has respected the 1D pivot point (PP), finding support at this level. The next key level to watch is the 1M PP. If it holds as support, we could see further upside; however, if it acts as resistance once again, a downside move may follow. Optimism for an upward trend remains, but the reaction at this pivot point will ultimately determine the direction of price action. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAUUSD
by TradeWithTheTrend3344
ASSETARTISAN 1. Break of Structure (BOS): A clear break of structure occurred, as indicated in the chart, signaling a shift in market momentum. This often aligns with a continuation of the prevailing trend. 2. Change of Character (ChoCH): The marked ChoCH points indicate shifts in market sentiment, transitioning from bearish to bullish. These are often early signals of trend reversals or continuations. 3. Order Block Reaction: The price reacted strongly within a demand zone (blue-shaded area). This suggests that institutional buying was present, driving prices upward toward the target. 4. Momentum and Volume: The strong bullish momentum (indicated by large candlestick bodies) supported the price's rapid movement to the target. 5. Trend Continuation: The price is in a clear bullish trend, with higher highs and higher lows forming, reinforcing the likelihood of hitting higher levels. In summary, the combination of structural breaks, demand zone reactions, and bullish momentum contributed to the target being achieved.
FOREXCOM:XAUUSDLong
by Tusharshelke
Comcast Web CastA web of potential zones of influence and 3 curves that might act as support and/or resistance. Looking for consolidations at the elements, breaks, and perhaps one important inflection point at one of them. The main scenario follows the path of the rectangles, but hopefully they are designed well enough so that if the path of the stock price deviates into anything else, we might see a pivot or other developments (: bounce) at the most important of them all which can be either of them depending on the evolutions.
NASDAQ:CMCSA
by nen
Short gold after hitting 2635-2645 areaBrothers, we went long on gold near 2591 yesterday and closed the long position near 2607 this morning, making a profit of 160 pips easily, which is a very good trading result. After closing the long position, I originally planned to wait for gold to fall back and continue to go long on gold in the 2595-2590 area, but after I closed the order, gold has been fluctuating in the 2607-2600 area, and did not give me the opportunity to go long on gold again. So it's a pity that I missed this time when gold continued to rebound. At present, gold has reached around 2628, and the increase has not exceeded my expectations. I think gold may even continue to rebound to the 2635-2645 area. However, if gold touches this area for the first time, I think there will be an opportunity for gold to fall back to build up momentum and extend its effect. So, if gold touches the 2635-2645 area as expected, I will choose to short gold once!Bros, will you choose to short gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin