GBPUSD refreshed it's monthly high the previous day but the bulls don’t have smooth sailing due to the weekly closing below the 1.2630-40 horizontal hurdle. That said, RSI and MACD have been supportive of the recovery moves and hint at the further upside. However, a convergence of the descending trend line from February and the 50-DMA, around 1.2775-80, appears a...
EURUSD remains firmer inside a fortnight old bullish channel ahead of the Fed’s preferred gauge of inflation, also staying beyond the key SMAs. Currently, the channel’s upper line surrounding 1.0800 lures the pair buyers, a break of which will direct them towards the 78.6% Fibonacci retracement (Fibo.) of April 21 to May 13 fall, near 1.0820. It’s worth noting...
NSE:TATASTEEL #NSE:TTATASTEEL open with gap up and with a small pull back given good bullish mometum. Resistance levels for the day marked for referrance. Happy LEarning !!
this 1 hour chart structure very attractive and rsi or macd histogram postive but my analysis this stock break the low
Good to buy for long term its at major support NSE:JSWSTEEL
if price sustain above 16230 look for buy side up to 16485 if any 15min candle successfully closes below the level 16230 then look for sell side once price touches 16485 wait a little and watch.. is price sustaining above this level if not you can look for small correction from 16485
BUY #Reliance around 2400 SL - 2280 & TG - 2600 & 2800 India Vix has been on its peak, if it comes down (has to) market will show good upside momentum
Trade stratergy: Hr retracement done + 15 Min tf trend line formation and head and shoulder pattern formation. when market broken the trend line then enter the trade.
Brent oil prices managed to bounce off the crucial SMAs and 61.8% Fibonacci retracement of the late February to early March rally, despite posting meager weekly gains. Firmer RSI and the higher-low formation since April also keep the black gold on the bull’s radar. However, the upside bias needs validation from a two-month-old horizontal hurdle surrounding...
JK Paper showing strength can give a breakout as well. It's been outperforming the index for long and demonstrating strength in these weak market conditions. Once it goes above its resistance and sustains there, it can towards its all-time highs.
SYMBOL: NSE:BANKNIFTY Banknifty is at a crucial point in the weekly time frame, it has closed below the support zone after hovering over that for almost 1 Year. Selling can be accelerated after a retest is done. Still, if the price closes above 34500 somehow it can be a temporary relief and after some time. Bears can again try to push BNF down because this year...
As far as sunpharma is above its weekly trend line, it is demonstrating the strength and can go towards its all-time highs. One can get into this trade, keeping a stop loss below the trend line. Do follow risk management rules and maintain proper position size.
Nifty momentum as per curved trend line and time zone.
What I observed that whenever Nifty goes 2000 points below from recent high it enter into over sold zone and reversal signs start showing up and reversal do happen after that. After reversal Nifty again move around 2000 points upward before becoming over bought and then cycle continues. Therefore basis this assumption and while taking average of previous two up...
GBPUSD braces for further upside until staying beyond the 100-SMA and a three-week-old horizontal resistance, now support 1.2400. That said, the 38.2% Fibonacci retracement (Fibo.) of the pair’s downside from late April to the recent lows, around 1.2515, appears short-term target for the bulls. Following that, the 1.2600 threshold and the monthly peak surrounding...
Short XAUUSD | Gold | Technical Analysis day frame RSI of Gold is below 60, and in 4 hrs time frame RSI is near 40 , so Day frame RSI will try to pull back the 4 hrs RSI as per non conventional RSI strategy, GO for short guys Dont forget to add stoploss Happy trading days #XAUUSD #Short #Gold #shortXAUUSD #Technicalanalysis #Forex #forexmarket #Profit #...
Short XAUUSD | Gold | Technical Analysis day frame RSI of Gold is below 60, and in 4 hrs time frame RSI is near 40, so Day frame RSI will try to pull back the 4 hrs RSI as per non conventional RSI strategy, GO for short guys Dont forget to add stoploss Happy trading days #XAUUSD #Short #Gold #shortXAUUSD #Technicalanalysis #Forex #forexmarket #Profit #...
Curved trend lines and support resistance lines for early analysis