EQUITASstrong bullish
buy above 120
.
trg 125, 135, 140, 145
sl in paid
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A-trend
Gold bears approach key support ahead of US GDPGold sellers cheer firmer US dollar and a sustained break of the three-month-old ascending trend line at the lowest levels in nine weeks ahead of the key US Q1 2022 GDP data. However, a convergence of the 100-DMA and 61.8% Fibonacci retracement (Fibo.) level of December 2021 to March 2022 upside, surrounding $1,875, appears a tough nut to crack for the metal bears. Also acting as a downside filter is January’s high of $1,853 and 78.6% Fibo. level near $1,819, a break of which will make the bullion vulnerable to drop towards the sub-$1,800 region.
On the flip side, recovery remains elusive below the 50% Fibonacci retracement level around $1,910. Following that, the 50-DMA and previous support line will challenge the gold buyers at around $1,938 and $1,943 respectively. Even if the metal prices rally beyond $1,943, a two-month-old horizontal area between $1,975 and $1,982 will be a tough challenge.
Overall, gold bears have the controls but need validation from strong support to dominate further.
Flag and Pole Pattern Spotted in ICE MAKE Favorable Risk:RewardNice and Clean Flag and Pole pattern Spotted in ICE MAKE REFRIGERATOR LTD.
At first I didn't thought that this pattern will gonna work but when i put weekly Time frame then i saw a Major Resistance From December 2020 which was about to be broken if this pattern work Nicely.
As you can see market was in Almost sideways for almost 18 Months and since then it didn't do any good to Investor and now we can see lots of confirmation Align at the same side which tell us to go LONG .
You can Hold till 150-160 Level .
If you have Any question about this you can comment Below, i will happily like to answer them.
#Niftybank Intraday Support and Resistance Levels - 25 April 22This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
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GBPUSD signals further losses, UK data, BOE’s Bailey eyedGBPUSD extends pullback from 1.3090 ahead of the key UK data, as well as a speech from the BOE Governor Andrew Bailey, during early Friday. The downside bias also gains support from the sluggish RSI and MACD, which in turn suggests the pair’s further weakness towards the support line of a six-week-old triangle, near 1.2990 at the latest. Following that, the monthly low and 61.8% Fibonacci Expansion (FE) of the March-April moves, respectively around 1.2970 and 1.2945, will lure the pair sellers.
Alternatively, recovery moves will aim for the stated triangle’s upper line, surrounding 1.3090. Also acting as the short-term key resistance is the 200-SMA level close to the 1.3100 threshold. Should the quote rises past 1.3100, the mid-month high of 1.3146 and the monthly peak of 1.3166 may test the GBPUSD buyers. Following that, the 61.8% Fibonacci retracement level close to 1.3170 will act as an additional challenge for the bulls before retaking the controls.
NIFTY 50 ( ELLIOT WAVE ANALSIS ) TECHNICAL ANALYSIS expecting a bearish movement from tomorrow
we short nifty with a target of 16600 and stoploss of 17600 taking entry @17400
competed the 4th wave cycle so expecting the beginning of 5th wave tomorrow
this analysis is just for educational purpose only
tae trades based on your own risk
NIFTY -- NEXT WEEK TREND - 18/4/2022NIFTY DAILY CHART ---NEXT WEEK TREND SETUP .
1. AS we seen on daily chart nifty breakout 17450 level of resistance from strong uptrend 15800 oversold level and reach towards 18000-18100 level
2 From this resistance 18000-18100 nifty fall again around 17475 level where earlier resistance breakout seen, this level 17400-17450 will work as strong support in next week first 1-2 trading session .
3. if this level hold nifty can bounce back agian to 17800-18000 level if 17400 break down side nifty will see another support downside 17000 level .
3. from 15800 low to high 18400 , at this point 50% Fibonacci support comes around 17000 sub level so this is strong support according to trade setup unless this support hold nifty will be bullish zone and set as uptrend bulls fvr.
4. RSI at mid range on daily chart at 52 levl , MACD above center but bellow signal line
5. FII currently sell mode due to global conditions , But DII and retail investor can hold market above 17000 level at least for few sessions till global situations improves .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE... !
HAPPY TRADING . !
EURUSD remains vulnerable to further downsideEURUSD licks its wounds around a two-year low during a cautiously optimistic Asian session on Wednesday. In doing so, the major currency pair takes a U-turn from the 61.8% Fibonacci Expansion (FE) of February-April moves. However, a downward sloping trend line from March 31 challenges the quote’s corrective pullback near 1.0830 ahead of a broad resistance zone surrounding 1.0930-60 comprising 200-SMA and multiple levels marked in the last one month. Even if the quote manages to cross the 1.0960 hurdle, a 10-week-old descending resistance line near 1.1075 will be crucial for buyers to watch.
On the contrary, the 61.8% FE level near 1.0750 restricts the immediate downside of the EURUSD pair ahead of April 2020 lows near 1.0730-25. Should the quote drop below 1.0730, the 1.0700 round figure and March 2020 bottom surrounding 1.0635 will lure the pair bears. It’s worth noting, however, that the RSI conditions aren’t supporting a no-break south-run and hence intermediate pullbacks can’t be ruled out.
Overall, the EURUSD rebound remains elusive until crossing the 1.1075 level
AUDUSD sellers attack 0.7365-60 support zone on China dataAUDUSD renews its monthly low during early Monday as mixed data from the biggest customer China joins the risk-off mood. However, a five-week-old horizontal support area surrounding 0.7365-60 tests the pair sellers. Adding to the downside filters is an upward sloping trend line from late February, around 0.7310 by the press time. It should be noted, however, that a clear downside break of the 0.7310 will need validation from the 0.7300 threshold before directing bears toward the early March swing low.
On the contrary, the 200-SMA level of 0.7410 guards the quote’s recovery moves ahead of the 100-SMA, at 0.7485 at the latest. During the quote’s successful break of 0.7485, AUDUSD could aim for 0.7540 and the 0.7600 resistance level. Moving on, successful trading past-0.7600 enables the Aussie pair to renew the yearly top close to 0.7665 by approaching the 0.7700 round figure.
It should be noted that oversold RSI and multiple key supports to the south can challenge the bears going forward. However, sour sentiment and a clear break below the key SMAs keep sellers hopeful.
FINCABLESWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..