Based on the current market situation and technical analysis, the strategy for gold trend next week can be as follows: 1. Short strategy Since gold has been strong recently and closed above $2414 on Friday, it may rebound to the $2420-2430 range after the opening next week. You can try to short in this range: Opening range: $2420-2430 Stop loss position: set near...
Please consult your financial advisor before investing All research for educational purposes only. Here is a technical analysis of BPCL (Bharat Petroleum Corporation Ltd) as of May 2024: Current Stock Performance Current Price: ₹629.00 Day's Range: ₹607.20 - ₹623.50 52-Week Range: ₹331.45 - ₹687.95 Market Cap: ₹1.36 trillion Volatility: 0.57% with a beta of...
While the chart suggests a bullish outlook with a potential target of 2467 USD, the presence of a bearish pin bar on the closing 4-hour candle indicates caution. This pattern can lead to bearish movement or consolidation. Traders should watch for confirmation of the breakout and monitor key support and resistance levels to gauge the next move.
The stock has been consolidating for over a year. It has posted good quarterly results. It is coming up to test it's weekly trendline. One can buy this on day close above 2435. Possible positional targets are 2700, 3000 and 2400. This is not a BUY/SELL recommendation. This idea is for Educational Purpose only. Learn & Earn, Dr. Tanya Kumar
SCI Pattern: Triple top | Triangle pattern Looking good above 240. TGT 1: 260 TGT 2: 290 SL 215 RSI and MACD showing good movementum. No BUY/SELL recommendations, learning only. NSE:SCI Note: Earnings release in next 12 days, watch out carefully.
Balkrishna Industries: Forming Cup and Handle Pattern, Entry Above 2500, Target 2700-2750, SL: 2390, Time Frame: ~3 months Disclaimer: Study only for Educational Purpose. Remember: My Money, My Risk, My Reward, My Responsibility. Please Consult SEBI registered Financial Advisor for any Financial Advice/ Decision.
BANKNIFTY Intraday Trade Setup For 20 May 2024 Bullish-Above 48300 Invalid-Below 48190 T- 48720 49165 Bearish-Below 48000 Invalid-Above 48110 T- 47450 BANKNIFTY has closed on a slight bullish note with 1.64% gain last week. Index is taking 5th bounce from channel's lower trendline in daily TF. As per this ongoing pattern index will test the upper trendline. One...
Ascending triangle pattern breakout When stock up side volume also building When it come to down side there volume exhausted so this good sing for the stock Now stock up trend and volume also building No recommendation for buy and sell
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
No substantial momentum until it supports on 204 on (10th oct or 2nd week of Oct 2023) till then sideways, if sustains on 204 marked in the chart then 272 is next ( 4th Dec 2023 ) 1000 ( May - June 2025 ) Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
#Bitcoin Elliott Wave Count Analysis Intermediate Degree: ▪️We are observing a potential wave (3) down of a descending impulse on the 1-day chart. ▪️Target: $48,000 - $44,000. Primary Degree: ▪️The 1-day chart suggests wave C down of a zigzag pattern is in progress. ▪️Target: $58,000 - $61,000. Cycle Degree: ▪️At the cycle degree, wave ((ii)) down of an...
BBL at breakout level BBL needs to break the 3500 level and sustain. break out need high volume also and go 5-7 % within 2-3 days. entry -3500 1st target - 3675 2nd target - 3800 SL - 3300 follow risk reward. Disclaimer My videos, presentations, and writing are only for educational purposes and are not intended for investment advice. I cannot guarantee the...
Key Levels are marked in the chart. The PSU stock looks good to go. For Educational Purposes only. Not a buy/sell recommendation.
Weekly Marubozu bullish candle piercing the STMA band. 22800 could be tested, if broken then we have 23000+ levels and the potential target is 23800 on the projection scale. According to the volume profile the level of 22050 could act as a strong support and according to chart structure the support is 21800. For momentum reading the resistance is...
As we discussed Banknifty sideways or Bullish; it ended-up sideways with high volatility on upper side. If we look at the chart: The market is trading at support (Price action + 200 EMA support) right now. the important levels for tomorrow are 200 EMA, 48000, 47400 will be working as very good support. while 48445, and 49125 will be working as nice resistance. ...
Ashok Leyland has formed inverted head & shoulder pattern. 10% upside is possible if breaks above trendline.
Pokarna Tiles - Sector Tailwind in Housing Sector. FII's/DII's have increased their Stake. Best to add above 527. Invalid Below - 415 Pro Tip : Set Alert on your trading portal and enter above 527, and top up on every upmove. Disclaimer : Educational Content. Do your own research.
1) PI Industries retested 200 DMA 2) Bottom of pitchfork 3) in the AWAP buying band.