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A-trend

IndusInd Bank LongIndusInd Bank is trying to move to its pre Covid-level Price. The Mishap that happened last year shocked the investors due to which a there was a 34% decline in stock from it good bull run. The stock is gaining momentum and is pushing itself to its Intrinsic Value . We can expect the stock to move to a good 1300 - 1400 Level given that the it dosen't get affected much due to the outside news , war etc. There is a Gap between 1186 and 1130 which can help us set our targets. Even though the Gap is a breakaway gap , IndusInd still has a hold in the blue chip area and in the index as well. According to me, First Target - 1050 - 1080 Second Target - 1130 Third target - 1280 Fourth Target - 1380 Stop Loss - 800 Invest Wisely. Abide the stoploss as well. Happy Investing
NSE:INDUSINDBKLong
by Sahil_Narkar
HIndalco Long (Swing)based off of 30m chart, an untapped demand zone has been marked. Right above it are two equal lows which may be perceived as support. This faux-support is likely to be swept through to take out the early and impatient buyers. It is preferred that the approach to the zone is not impulsive with a shift of structure from bearish to bullish being clear. Entry may be a limit buy or a buy on confirmation. if this zone fails, it might probably slide down to 300 (based on daily chart) with some reaction at the intermediate zone...probably. target is the high. Not financial advice. GG
NSE:HINDALCOLong
by BotheredBull
EURUSD has more downside room amid pre-Fed USD strengthEURUSD dribbles around a monthly low after breaking the six-week-old horizontal support. That said, the downward sloping RSI (14) line, not oversold, joins bearish MACD signals to also hint at the major currency pair’s further downside. With this, the sellers brace for the yearly low surrounding 1.0350. However, the RSI line and nearness to the Fed may restrict the quote’s downside below the same, if not then the 61.8% Fibonacci Expansion (FE) of late March-May moves, around 1.0270, will gain the market’s attention. On the contrary, corrective pullback needs to sustain beyond the immediate support-turned-resistance, around 1.0460-70, to convince short-term EURUSD buyers. Following that, the 20-DMA level near 1.0650 will precede the monthly top of 1.0773 to challenge the pair’s further upside. It’s worth noting that May’s top near 1.0790 acts as a validation point for the quote’s run-up towards late April swing high near 1.0935. Overall, broad US dollar strength ahead of the Fed’s widely anticipated rate hike keeps EURUSD pressured towards refreshing the yearly low marked in May.
by MTradingGlobal
Gold teases bears inside rising wedge ahead of US CPIGold prices remain sustainably below 200-SMA since late April, pressured inside a three-week-old rising wedge of late. Given the steady RSI and sluggish MACD, the bearish bias is likely to prevail. However, a clear downside break of the stated wedge’s support, around $1,844, becomes necessary to confirm the downward trajectory towards the yearly low marked in May, near $1,786. It’s worth noting that $1,830 and $1,810 are likely intermediate halts before directing bears towards $1,786. On the contrary, an upside break of the 200-SMA, close to $1.,856, isn’t an open invitation to the gold buyers as a six-week-old descending resistance line and the upper line of the stated wedge, respectively around $1,865 and $1,875, could test the advances. In a case where the precious metal rallies beyond $1,875, May’s high of $1,910 and late April top surrounding $1,920 could lure the bulls. Overall, gold buyers appear to have run out of steam but the bears need validation from both $1,844 and US inflation data.
OANDA:XAUUSD
by MTradingGlobal