Key Points: USD and Bond Yields Impact: Gold prices edged lower at the start of the week, influenced by a strengthening USD and rising bond yields. Awaiting Economic Data: Investors are keenly awaiting economic data and commentary from Federal Reserve officials for clearer guidance on interest rate cuts. Price Range Forecast: In this environment, gold is...
Today, EURUSD remains confined within a descending wedge pattern. Key technical indicators, including the trendline and EMA, continue to favor a bearish outlook for investors. As long as the upper boundary of the wedge holds, the selling trend strategy remains the preferred approach with high expectations.
Hello guy's i have brought another stock which has taken support in trend continuation pattern, stock has shown huge volume spike, means traders and investors showing interest from this level. Higher probability we can see krbl towards 450/550+ in coming few months. Fundamentally this is one of the best company with good management, it has helped many investors to...
At longterm rising support line with probable ensuing bullish flag & pennant pattern.Breakout above can lead to fresh ATH.
DATE - 12th March 2024. HDFC Bank has breakout today with good amount of candle size and volume too. Applied Concepts Chart P. - Inverted H&S Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart. Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (14-06-2024) Current price- 2320 "if Price stay below 2339, then next target is 2305 and 2285 and above that 2362. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Hi Folks, Metrobrand has shown very high delivery in overall day volumes. It has gone through a healthy correction of 50% of last leg of impulse. Stock has absorbed selling pressure, albeit with low volumes with high liquidity. Currently, price has broken out the falling wedge and RSI has shooted up to corroborate the strength of this up move. Constant weekly...
BAJAJ FINANCE ✅ TRENDLINE BREAKOUT ✅ RESISTANCE ₹7400 ✅ VOLUME BURST ✅ SUPPORT ₹6400 Wait for Short Term Resistance BREAKOUT ₹7400 (Buying Level) Follow us for more interesting Stock Anylisis
1. Stock has given Inverse Head & Shoulder (IH&S) Breakout after 8.5 year in the month of May 2024 at level of 80 with huge volume. Thereafter stock has retest the breakout and reverse from there and made new High. Clear breakout on seen on Monthly Chart. 2. Stock is positive on RS and H/M parameter. 3. Keep Stoploss of 82 and ride to pattern target of...
Attention all chart junkies and market maniacs! If you thought the only thing in India that could surge this dramatically was the summer heat, think again! India Nippon Electricals is here to prove that stocks can be hotter than a forgotten chapati on the tawa. Price Action Analysis: 📈 Current Price: ₹792.20 (more electrifying than your neighbor's DIY wiring...
Friday's Sell Off Definitely Suggests that Neither Central Banks nor China nor any other retailer is interested in buying Gold at such high valuation. Picture is getting Clearer. One May look for Selling Opportunity around the Supply Zone. Gold looks set to test 2200 Zone. Bullishness Only above 2380. Below 2380, Bears are going to be under Control. Bulls...
Price is moving in the range between 49600 to 50200 for the past few days. 50000 is the psychological level. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 50020. Stop Loss : 49920. Targets : 50100, 50180, 50260, 50320 and 50460. Sell below : 49780. Stop Loss : 49860. Targets : 49700 ,49620,49540, 49460 and 49340. Check the live...
Price was moving within a channel for few days and the movement is also very less. 23500 is an important level to decide the trend direction. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 23520. Stop Loss : 23480. Targets : 23560, 23600, 23640 and 23680. Sell below : 23420. Stop Loss : 23460. Targets : 23380, 23340, 23300 and...
Hello, let's analyze today's gold price! In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable. Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the...
𝗕𝗿𝗲𝗮𝗸𝗼𝘂𝘁 𝘀𝘁𝗼𝗰𝗸𝘀 𝘁𝗼 𝘄𝗮𝘁𝗰𝗵 𝗻𝗲𝘅𝘁 𝘄𝗲𝗲𝗸 𝟰. 𝗥𝗔𝗟𝗟𝗜𝗦𝗜𝗡𝗗𝗜𝗔 ➡️trendline breakout after consolidation
Last week we observed that US inflation indicators showed signs of cooling down. - Wednesday's CPI dropped from 3.45 to 3.3% - PPI index decreased -0.2% Inflation indicators decreased while economic indicators were negative - As the unemployment rate and unemployment benefit application rate increase This shows that the Fed's monetary policy is effectively...
The Bank Nifty structure looks like an ascending triangle, meaning the 4th correctional wave. If the market breaks the previous high, then we can expect the 5th impulse (rally). The minimum we can expect is 50347. If the market breaks or consolidates, then the rally will likely continue. Alternatively, if the market doesn’t sustain the gap-up or if it rejects...
IEX has formed a bullish chart pattern called Rounding Bottom. A rounding bottom, also known as a saucer bottom, is a technical analysis pattern that signals a potential reversal from a bearish to a bullish trend. It is characterized by a gradual decline in price followed by a gradual rise, creating a shape resembling a "U." Here's a detailed guide on how to...