RELIANCE LTD – 1H TIME FRAME ANALYSIS📊 NSE:RELIANCE – 1H TIME FRAME ANALYSIS
A symmetrical triangle pattern is forming on Reliance's 1-hour chart, showing a consolidation phase. This pattern is neutral in nature, meaning a breakout can occur in either direction, but the setup provides a great opportunity for a breakout trade.
The price is now at the apex of the triangle, indicating a potential breakout in the upcoming sessions. Watch for a strong move backed by volume.
TRADE PLAN :
Chart Pattern: Symmetrical Triangle
Timeframe: 1 Hour
Stock: Reliance Industries Ltd (NSE)
🔼 Long Trade (Breakout above 1430.55)
Entry: Above 1,430.55 (candle close with volume confirmation)
Target 1: 1,458.35
Target 2: 1,479.35
Stop Loss: Below 1,417
🔽 Short Trade (Breakdown below trendline):
Entry: Below triangle breakdown with strong red candle
Target 1: 1,397.55
Target 2: 1,368.25
Stop Loss: Above 1,430
Note: Avoid entering during the triangle zone. Trade only post-confirmation of breakout/breakdown with volume.
Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
Trend Lines
XAUUSD:BUYAfter the good news came out. XAUUSD followed my expectations. Continued to rise above 3300. The current quotation is 3317.
The tariff issue was released again over the weekend. Inflation fermented again, and the Russian-Ukrainian negotiations reached a tense and uncertain stage again.
Traders who followed me to buy near 3290 successfully made good profits.
Trading reference
XAUUSD:
Pressure position: 3360-3350
Support position: 3305-3295
BTCUSD:
Pressure position: 107000-106000
Support position: 103000-102000
This week, there is the impact of the release of non-agricultural data.
Usually divided into the front, middle, and back end of the triple impact. For traders, every time is a good trading opportunity. The impact is also very large.
This week, we will focus on the impact of news and the stimulation of news to layout the wonderful transactions of XAUUSD and BTCUSD. Remember not to trade independently to avoid losses. If you have any ideas, remember to leave a message to me and my assistant.
Is the positive news fading? The latest analysis of gold📰 Impact of news:
1. The conflict between Russia and Ukraine breaks out again, exacerbating the uncertainty of the situation
2. The tension in the Middle East continues, Iran claims to be ready to defend its airspace at any time, and the Houthi armed forces attack Israeli airports
3. May PMI data released
📈 Market analysis:
As geopolitical conflicts between Russia and Ukraine and the Middle East broke out again over the weekend, gold jumped higher today. From a technical perspective, the 1H chart shows a bullish arrangement, but the gold price is in a downward channel at the daily level. The gold price is currently near the middle track of the Bollinger Band and is obviously suppressed by the downward channel. The 4H level Bollinger Bands narrowed, the moving averages adhered, the long and short positions were in a stalemate, and the MACD indicator hovered around the 0 axis. 3330 - 3335 above is the key resistance area. If it breaks through 3340, it is expected to continue to see new highs. At the same time, there is short-term support in the 3285-3280 range below. 3270 - 3265 becomes the key important support. If it falls below, it may fall to 3245. For short-term operations in the Asian and European sessions today, if the resistance area of 3325-3335 cannot be effectively broken through, you can consider shorting and look towards 3310-3290 in the short term.
🏅 Trading strategies:
SELL 3325-3335
TP 3310-3290
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
GBPUSD Holds Above 1.34 – Is 1.35 the Launch Pad?In last week’s GBPUSD outlook, I pointed to the 1.34 zone as a potential buy area and likely end of the correction.
The market reacted as expected, reversing from 1.34 and rallying to 1.35. Toward the end of the week, a brief correction followed — but price held above 1.34 and has now returned to 1.35, printing a higher low in the process.
📌 From both a technical and psychological standpoint, 1.35 remains a key level. A confirmed break above could lead to a retest of the recent high — or even push for a new high.
✅ My bias stays bullish as long as 1.34 support remains intact.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
BTC Trendline Breakdown? Bearish Setup Brewing!📉 #Bitcoin has recently broken its key trendline after making a new All-Time High (ATH). This could be the first major sign of a trend reversal. Here’s what we’re seeing:
🔹 Trendline Broken: The uptrend has been broken — a significant technical signal.
🔹 Retesting the Break: Price is currently retesting the broken trendline, a classic move before continuation.
🔹 Triple Touch Confirmation: The trendline was respected with 3 clear touches during the uptrend — increasing the validity of this break.
🔹 Support Still Holding: We’re watching a major support level below — a break here would confirm bearish momentum.
🚨 Strategy Plan:
If the support level breaks and #BTC retests it as resistance, we’re planning a short position with strict risk management. Patience is key — wait for confirmation before entering!
🛡️ Risk Management First. Always.
Don't rush into a trade — wait for a clean breakdown and retest for a high-probability entry.
📊 What do you think? Is #BTC ready to reverse, or will the bulls defend the trend?
👇 Drop your thoughts in the comments.
❤️ Like this idea if it helped you.
✅ Follow for more #BTC setups and real-time updates!
#BTCUSD #Bitcoin #CryptoTrading #TrendlineBreak #ShortSetup #TechnicalAnalysis #BearishReversal #PriceAction #TradingStrategy
Bitcoin is making it real simple#BTC just moved out the supply/demand zone via an upward channel on declining volume to make a new all time high. Came back down to test that supply demand zone and failed that test to no surprise from me. It moved back into that zone and tested another breakout and failed that as well again to no surprise.
On top of that, the RSI failed the test of the bullzone and is now below the EMA and looks like it will fail that test as well.
The good news is CRYPTOCAP:BTC appears to have established its trade range for accumulation and will present opportunities for traders and buy and holders.
#BTC
#Wyckoff
TSLA – Something Big Is Brewing🚀Tesla just keeps pushing. Now trading around $346, it's not just riding market momentum — it's building it. And with the robotaxi launch in Austin coming June 12, the narrative might be shifting from “just EVs” to mobility revolution.📍 Levels I’m Watching
Possible entries:
• $335–$325 – Looks like it’s consolidating here
• $315–$290 – Clean retest zone if we dip
• $265 – Would love a deeper pullback but not counting on it
Targets?
• $370 – Short-term test
• $395 – Momentum breakout zone
• $420+ – If the hype around robotaxis takes hold
⚠️ Disclaimer: This isn’t financial advice. Just sharing how I see things. Do your own research and trade safe.
💬 If this helped, drop a like and follow. I post trades that actually make sense not just moonshots.
Let’s grow smart. 📈🧠
EURSUD InsightGreetings to all subscribers.
Please share your personal opinions in the comments. Don’t forget to like and subscribe.
Key Points
- U.S. President Trump stated via Truth Social that China had completely violated the agreement with the U.S. Some media outlets reported that additional sanctions targeting China were being prepared. However, concerns over the U.S.-China trade conflict were eased after Trump said, “I am confident that I will speak with President Xi Jinping of China, and I hope we can resolve this issue.”
- President Trump announced an increase in tariffs on steel and aluminum from 25% to 50%, effective June 4. The EU immediately expressed strong regret over this decision.
- The U.S. Core PCE Price Index for April rose 2.5% YoY, and the headline PCE rose 2.1% YoY, both coming in below market expectations, thereby easing inflation concerns.
Key Economic Events This Week
+ June 2: Fed Chair Jerome Powell's speech
+ June 3: Eurozone May Consumer Price Index (CPI)
+ June 4: Bank of Canada interest rate decision
+ June 5: ECB interest rate decision
+ June 6: U.S. May Nonfarm Payrolls & Unemployment Rate
EURUSD Chart Analysis
Although it was expected to break through the resistance line smoothly, the pair encountered resistance around the 1.14000 level and pulled back to the central trendline. Since then, it has shown a renewed upward trend, supported by the trendline. If it successfully breaks through the 1.14000 level, a rise toward 1.16000 can be anticipated. However, if it fails to break the resistance, there is a possibility of a downward shift below the central trendline. In that case, a new strategy will be formulated.
SMCI Trade Recap📈Getting ready to start a new swing trade on SMCI, and I’ve mapped out my game plan with a tiered entry strategy and clear profit targets.
Here’s how I’m setting it up:
Entry Levels (Scaling In):
$40.50 – First buy if it pulls back to this area. Looks like solid support, and I’ll test the waters here.
$35.80 – Adding more if it dips further. This level has acted as a strong bounce zone in the past.
$30.60 – Final entry if it gets down here. Oversold territory + psychological level = great risk/reward.
Profit Targets (Scaling Out):
$47.00 – First target to take some profits off the table.
$51.60 – Second target — likely to see some resistance here.
$60+ – Stretch target. If the momentum is strong, I’ll hold a portion with a trailing stop and let it ride.
Game Plan: I’m staying patient with entries, letting price come to me. The idea is to build the position gradually and reduce risk by scaling in. I’ll also be keeping an eye on volume and broader market sentiment — if the setup changes, I’ll adapt.
Let’s see how it plays out — risk-managed, calm mindset, and ready to pivot if needed. 🚀
BAJAJ ELECTRIC technical analysis Stock Overview: Bajaj Electricals Ltd. (BAJAJ ELECT.LTD) on the NSE exchange, current price: 686.70 INR. The company is a leading Indian manufacturer and marketer of electrical appliances, lighting, and fans, along with engineering and project services.
Key Levels:
Support Level: 488.70 INR
Swing Level: 589.05 INR
Possible Upside Levels: 1,227.30 INR 1,427.70 INR 1,683.00 INR
Technical Indicators:
- RSI (Relative Strength Index): The RSI is currently at 40.55, indicating neutral momentum. The stock is neither overbought nor oversold, suggesting a consolidation phase.
- Volume: Volume trends are crucial for assessing price movement strength. While the image does not explicitly show volume data, monitoring volume spikes can help confirm breakout or reversal signals.
Sector and Market Context:
Bajaj Electricals Ltd. operates within the consumer goods sector, focusing on electrical appliances and engineering services. The sector has shown resilience due to urbanization, rising disposable incomes, and government-led infrastructure initiatives. The broader market has been bullish, recovering strongly post-pandemic, driven by economic fundamentals and investor confidence. Bajaj Electricals Ltd. benefits from these trends due to its diversified product portfolio and strong brand presence.
Latest News and Developments:
- Market News: Bajaj Electricals Ltd. has announced a strategic partnership with a global firm to enhance product offerings and expand market reach.
- Analyst Ratings: Analysts have provided mixed ratings, with some recommending a hold due to market conditions, while others see long-term growth potential.
- Quarterly Results: The company reported strong revenue and net profit growth, attributed to robust consumer goods sales and successful engineering projects.
- Dividends: Bajaj Electricals Ltd. has declared a dividend payout of ₹3.00 per share (150%), reinforcing its commitment to shareholder value.
Analysis Summary:
Bajaj Electricals Ltd. exhibits solid sector performance, supported by favorable market trends and strategic initiatives. The identified key levels provide a framework for potential price movements. The RSI suggests neutral momentum, indicating a consolidation phase. Investors should consider the company’s strong quarterly results and strategic partnerships as positive indicators for future growth. However, market conditions and volume trends should be monitored for informed decision-making.
$FI bounce coming off 30% ATH drawdown $170 targetHello, NYSE:FI Fiserv evidently got hammered to the downside the last month and last few months the name is down 30% from it's all time high from March 2025 and last month and change it is down 25% or so after downgrades. I have been watching the name the last week or so and I was looking for a drop into a zone of activity in the $152-$154 but it seems that $158-$160 is a strong area of support. Now I am tempted to grab some calls on this name but I am unsure the outcome. The latest Daily candle accumulated the most volume it's had in 2 weeks above 11 million. It bounced off the zone area highlighted. The calls I added to my watch were $170c for 7/18, last week they bottomed around $2.00-$2.20 and they closed (5/30/2025) at $3.30. That's a good move in itself. Will be watching.
WSL
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The volatility is an illusion, and gold is brewing major changesGold fluctuated downward in the Asian session on Friday, while it remained in the range of 3287-3303 in the European session. Although it tried to break through the short-term pressure level of 3300-3306 many times, it has never been able to stand firmly. I arranged to go long at 3288-3289 in advance, notified to enter the market at the point, and finally reached the target of 3303 perfectly, earning 15 points of profit! Quick, accurate and ruthless, with the right idea, profit-taking is as easy as drinking water! Therefore, it is recommended that we continue to pay attention to the short-term support of 3290-3285 below. If the price fails to break through the support range like in the early trading, you can consider trying to enter the long position.
Given that today is Friday, the market volatility may be "demon-like", so you need to be extra cautious in operation and pay close attention to the changes in the market. At the same time, you must keep in mind the principle of "taking profits for safety"-lock in profits in time when you can see them, and don't easily bet on trends that you don't understand. If your current gold operation effect is not ideal, I hope my analysis can help you avoid some detours. Welcome to communicate at any time!
Today, the monthly, weekly and daily lines closed simultaneously. At the same time, the PCE data will be released during the US trading session, and the market volatility may intensify.
From a technical point of view, 3285 is also the key to long and short today. If gold does not break 3285 today, the strength of gold bulls is expected to continue, and there is still room for gold to move upward. If gold continues to fall and falls below 3285, then gold may begin to fluctuate in a large range. The upper resistance is in the 3320-3330 area, and the focus is on the 3335-3340 line of suppression. Pay attention to the 3290-3285 line of support below, and the key position below is in the 3280 area. If it breaks below the 3280 area during the day, the market is expected to fall again to the 3265-3250-3240 area.
NZDUSD: weekly overviewTraders, this is weekly view of the pair.
Our long-term TP is the 0.6300 but for now we have a strong trendline on our way! the only tradable zone for this week is 0.58497.
In case of bullish trades, from 0.60264 level. Please consider the trend line as mid-way TPS.
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The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
*******************************************************************
Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
USDCAD weekly analysis: Jun 1, 2025 – Jun 7, 2025Most important news and situations are for this pair.
1st, BOC rate decision week!
2nd, Iran-US negotiations that could make a real difference to oil markets.
3rd, The relatively strong long-term bullish trendline.
*******************************************************************
The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
*******************************************************************
Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points