What are the two types of technical analysis? What exactly are the two types of technical analysis? Chart patterns and technical (statistical) indicators are the two main types of technical analysis. Chart patterns are a subjective type of technical analysis in which technicians use certain patterns to indicate regions of support and resistance on a chart.
Currently, gold price has increased by 21.9 USD, reaching 2,357.6 USD/ounce, recovering to the high level from last week after positive news announced last evening. The main reason is the weakening of the USD and Treasury bond yields after data on US producer prices in April were published. The USD fell 0.2%, making gold more attractive to investors using other...
Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range, are included Entry/Exit point's: - It has very easy entry and...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (14-05-2024) Current price- 2345 "if Price stay above 2332, then next target is 2355 and 2365 and below that 2315. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
GEOJITFSL has given breakout of 6yrs long resistance level at 100. This has good upside potential with possible targets at 135, 147, 150+ If this closes above 102 on weekly basis, it can be bought for long term period. Risk in the trade is 15% as closing below 90 will invalidate the pattern. Thanks Piyush Gupta Learn & Earn
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...
Observation based on past 4 examples. Clear upside visible if it breaks this trend. Target4-5 is achievable in a month period if it takes positive direction. But keep booking it ones they hit my targets. Or trail it with previous levels (start with SL1) And ones it cross & sustains 3500 levels. There wont be any limits. If market itself takes negative direction....
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BDL uptrend analysis. SL at 1800. Since mid 2023 we see the trend moving sideways. Will lots of volume spurts noticed in this sideways region. Expecting it to touch higher resistance R1 which i keep it at 1890
What is the history of BASF India? BASF India Ltd. 1943 - The Company was incorporated in May under the name of R.A. Cole Ltd. The Company Manufacture expandable and expanded polystyrene and synthetic tanning agents. The products manufacture are styropor (expandable polystyrene) thermocole (expanded polystyrene) and Basyntan (Synthetic tanning agent). What is...
Banknifty trading at very stong zone if breaks below we can see a bearish movement. and if sustains we can se lifetime high
Price was unable to sustain above 22300 zone and consolidated in the afternoon session. And the support zone is having a very big range. Pattern : Support/resistance. Range : Medium. Trend strength : Normal. Buy Above : 22200. Stop Loss : 22160. Targets : 22240, 22280, 22320 and 22360. Sell below : 22120. Stop Loss : 22160. Targets : 22080, 22040 and 22000. Hit...
Take entry at cmp 945 if counter reach at 845 then invest same amount again and sit relax for 25% upside our Target will be 1181. Auto sector is very bullish and tata motor is Indian Tesla so you can invest big amount also.
Nifty 50 making negative divergences in monthly charts. Below 21700 levels nifty will give breakdown after this Trend line from 2020 will act as support but if breakdown of this trend line then big down movement will be seen. But before this Election Results will be in focus if results come same as market accepting then one bounce from these levels & then we can...
One of those stocks which fell all the way from IPO onwards. Finally back to those levels and attempting to breakout into new highs. If 755 can get taken out on the weeklies...the stock could go towards 1000++. Long at CMP with stoploss below 700.
Price was moving within the range of 300 points 47600 to 47900 through out the day. So what we can expect tomorrow? Read below. Above the range if price gains strength, we can expect good move. Otherwise a broad range day again. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 47940. Stop Loss : 47860. Targets : 48000, 48080,...
Biocon had a breakout from 4 years loosing structure. Now Retest Done. As per my analysis a sharp rally can be noticed in coming days. Short to Mid term Targets are updated. SL will be below the breakout zone.
📊 Script: ADANIPOWER 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply ⏱️ C.M.P 📑💰- 628 🟢 Target 🎯🏆 - 668 ⚠️ Stoploss ☠️🚫 - 611 📊 Script: HUDCO 📊 Sector: Finance 📊 Industry: Finance - Housing ⏱️ C.M.P 📑💰- 233 🟢 Target 🎯🏆 - 246 ⚠️ Stoploss ☠️🚫 - 228 📊 Script: JSWINFRA 📊 Sector: Marine Port & Services 📊 Industry:...