#swing trading

Swing trading setup in HDFC Bank: The stock has been in a downtrend but is now forming a base above ₹1,420 support. RSI divergence on the weekly chart. Accumulating small position here with SL below ₹1,390. Target ₹1,560 over 6-8 weeks.

Key levels on Gold this week: Support at $2,295 and $2,270. Resistance at $2,340 and $2,365. Price is in a bullish channel — buy dips near support, avoid chasing at resistance. The macro tailwind (rate cut expectations) remains intact.

Solana (SOL) — the higher timeframe structure is very bullish. Weekly chart shows a series of higher lows since the 2022 bottom. The current consolidation between $140-160 looks like a launching pad. Targeting $200 on a breakout. SL below $128.

EUR/JPY is in a strong uptrend — higher highs and higher lows on the daily for 6 months. Pullback to the 21 EMA is a buy opportunity. Currently at 163.20, 21 EMA at 162.80. Watching for bullish rejection candle at this level before entering.

Reliance Industries forming a cup and handle pattern on monthly chart. The handle is consolidating near ₹2,900. A sustained close above ₹2,950 with volume triggers the breakout. Measured target is ₹3,400. This is a 3-6 month swing trade setup.

USD/CAD — oil prices and CAD have the strongest correlation in G10. With WTI below $80, CAD should weaken. Long USD/CAD from 1.3680, targeting 1.3850. SL below 1.3600. BOC meeting next week is a potential catalyst.

Silver (XAG/USD) is setting up for a potential breakout above $29. Gold:Silver ratio is at 82 — historically stretched, meaning silver is cheap relative to gold. When the ratio compresses, silver moves faster. Watching for a weekly close above $29.20.

GBP/USD weekly supply zone rejection. Price swept last week's high by 15 pips (classic liquidity grab) then formed a strong bearish engulfing on the 4H. Short from 1.2750, SL 1.2810, targeting 1.2600. Risk:Reward = 1:2.5.

Crude oil (WTI) is sitting right at the 200-day EMA after a 12% pullback from the highs. OPEC production cuts are still in place. This is a potential buy zone for swing traders. My level is $77.50 with SL below $74. Target $85 over the next 4-6 weeks.