NIFTY --DAILY CHART SETUP --TREND ANALYSIS --11 JAN -- 31 JAN 2023 1. AS seen on daily chart nifty was trading at upper channel and hit all time high 18900 sub level on Dec 2022 2. Since then nifty seen fall around 1000 point from overbought level and breakdown of upper channel seen at 18250 sub level . 3. nifty trading current level around 17900 sub level...
Gold buyers struggle with an 11-month-old horizontal resistance, despite crossing an upward-sloping resistance line stretched from early October 2022. The upside momentum also finds hindrances from the nearly overbought RSI line. However, a looming golden cross, a condition when 50-DMA pierces the 200-DMA from above, joins the metal’s sustained trading above the...
USDCAD remains depressed at the lowest levels in six weeks after breaking the 100-DMA as broad US Dollar weakness joins firmer oil prices. Even so, the bears are waiting for the Bank of Canada (BOC) Governor Tiff Macklem’s speech for further directions. That said, the 50% Fibonacci retracement level of June-October upside, near 1.3250, appears the immediate...
NSE:ATULAUTO FOR EDUCATIONAL PURPOSE ONLY, 7 year downtrend breakout on monthly chart
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green - Buy,...
Bank Nifty is at Crucial Support of 43000 Zone. In my view, Bank Nifty is more Bullish than Nifty in the Long term. 1. Bank Nifty Closed below 43000, But is still in the Support Zone. We can plan Buying based on Price action today and we can achieve a Good RR Ratio of more than 1:2 and 1:3. 2. If Bank Nifty sustains below 43000 and breaks the support trendline,...
who all missed entries. can short at given levels. after a while XAUUSD is giving movement. take advantage of the double top. short when neckline breaks.
SJVN : - Retest Of Expanding Triangle Base. - Price Broke Out @ High Volumes & Retesting At Low Volumes. - Excellent Fundamentals.
In this chart I've shown The white lines as support and resistance. once there is a breakout on either side The red and green lines are the targets on each side. But the MACD has both EMA lines going upwards so The trend is probably going to be in bullish side. Analysis Dated on 30/12/2022 So, the BULLISH trade would be: Buy: 151 (if clear breakout) Target-1:...
Here I've provided both possibilities for the bank-nifty going bullish or bearish with their corresponding support and resistance levels. Though the EMA is pointing bearish its more likely to go bearish. But let's see what happens on Monday (02-01-2023). Also I'm open for any corrections or suggestions you'd like to share with me.
Gold portrays the second consecutive monthly gain as it flirts with the $1,800 threshold in the last few days. Although the 50-week and 100-week moving averages have clutched the bulls of late, the price-positive signals from RSI and MACD join the mid-November’s clear breakout of the previous key resistance line from early March to suggest the metal’s further...
It is said that History repeats itself. if that true then this chart can give bumper return.
1.Stock was on short term down trend making LH ,LL 2.Price is taking support of trend line . 3.formed a bullish engulfing patrn . 4.also broke its recent LH successfully . 5.Volume and RSI substantiates the analysis. Could give 3-5% in short term - educational purpose only .
20th oct 2021- 18598 has been the all time high for past 1 year now. since then price is in range bound till 15191. so from this low market seems to be bullish following impulse rules, until now 3 waves has been in line. for now I'm considering 4th wave is in making since the B wave cut pass wave 3 high and fell to 16646. which is a sign of bullish momentum and...
Gold might come for a reversal after a 1% fall looking bullish towards the day
Nifty if trade 18144 then think for CE if break 18070 then go for PE till 17970 & 17840
It has been observed only once before this, it was seen last time in the 2008 crisis. This could be an alert ⚠️ The regression channel is still intact, price is trending within the channel. The previous low of 10440 could offer support, below that things could go worse