Gold prices have surged on weaker-than-expected US retail sales and expectations of lower interest rates. Here are the key factors: Weak retail sales: US retail sales report was lower than expected, suggesting a decline in consumer spending. This raises concerns about economic growth, which could lead to economic stimulus or looser monetary policy from the...
Good morning, friends! 🌺🍬 Here are the directions for June 19th: There are no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (at 8:00 AM). Nifty has been maintaining consolidation even if it...
In my opinion, I am looking to sell , which is a strong Liquidity Zone and market also in Correction phase. It is not advisable to enter without confirmation from a lower TF.
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (19-06-2024) Current price- 2329 "if Price stay above 2313, then next target is 2342 and 2350 and below that 2300. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
GBP/AUD 4-Hour Analysis: Bearish Outlook Following Consolidation Break Chart Overview: This GBP/AUD 4-hour chart analysis highlights a bearish outlook following the break of a significant consolidation zone and a series of higher highs (HH) and higher lows (HL). ***Key Points*** 1. Consolidation Zone: The chart shows a prolonged period of consolidation, marked...
Trendline Breakout RSI above 65 and rising Trading above EMA50 Volume spurt 6+ months of consolidation Disc: for study, not a recommendation
Nifty is trading near rejection zone. Sell Nifty @ 23650 - 23670 for 23570 and lower marked levels on the chart until 23730 is intact on the upside. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
Good breakout Expecting good returns A good turnaround company Dips can be used to accumulate
The daily chart of gold shows a pattern of yin and yang conversion. Therefore, it is necessary to guard against the market rising and falling, or falling directly near the previous high. The upper resistance is at yesterday's high point. At present, gold is still fluctuating in the range of 2286-2341, and the low point gradually moves up and the high point...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
Looks like it has given a pullback from the breakout level.
Price Action has formed 3 contractions and getting tighter after each successive contraction as marked by the percentage. Once the price breaks the supply zone barrier it might give a good return
Genus Power is experiencing one more contraction & might go down to levels of 295-300 levels before buying starts. That would form a complete 4T VCP footprint setup. As can be seen vol has also decreased
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...
From a technical perspective, yesterday's spot gold daily structure closed with a negative line, realizing the alternating trend of yin and yang. Combined with the previous trend, the indicators have not changed. At present, the short-term moving average still maintains a dead cross, especially the 10-day moving average forms a short-term pressure near 2325, and...
Godrej prop is in parallel channel. I have a feeling this time it will give breakout above 3100 and 3200,3300,3500 can be seen.
What Is a Candlestick Pattern? KEY TAKEAWAYS Candlestick patterns are technical trading tools that have been used for centuries to predict price direction. There are dozens of different candlestick patterns with intuitive, descriptive names; most also have a corollary pattern between the upside and downside. For instance, an “abandoned baby top” has its...
GNFC Cmp 703 dated 18-6-2024 1. Trendline BO @ 707 2. Price Rise with volumes 3. RSI BO Buy above 707 target 715-730-745-755-770-790 SL 675 It is just a view, please trade at your own risk.