Hey, Guys NSE:ADANIPORTS Adaniports is a long after falling Aggressively, It came up the very next day showing that the move was fake and came just to throw out the retailers. One can build longs as per their Risk appetite or Build Position Via Hedging (Debit Spread). Build Position Only After a good closing for the Day. One Can take the Target Of 975, Risk...
Stock had seemingly formed a toppish formation with curve formation now stock as long as trading below 2550 it can see slide towards 2280-2320 areas
Trenline breakout in IIFL Wealth Book profits within the first 30 minutes of the market opening - Try to exit by taking 4-5% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest...
Bank nifty Depend on Federal Reserve policy .If Rate High there is US Market Fall Similarly Indian Market also Fall. If Rate not that much high then there is Market will High with Good Rally.So Be flexible view with both Side. Now Move to Bank Nifty in One Day Chart Bearish Hammer, as well made Continues Higher low. BUY 15th DEC 43900 CE : above 44090 sustain...
THERE is high possibility of gold to become bullish in the coming week because it is retesting the key resistence levels in 4h and daily timeframe. also us economy is getting back to track , inflation eased to 7.1 percent which is a good indication to hold for gold as us us currency will go strong THEN GOLD ALSO WILL BECOME STRONG.. OANDA:XAUUSD...
Hathway broken a down trendline and made new higher high. Hathway may reach to 33,40. in 1-3 months. Note : only for learning note a trading recommendation.
USDCAD grabbed the bull’s attention ever since it crossed a two-month-old descending resistance line, now support around 1.3500. The upside bias also takes clues from the firmer RSI and MACD. However, the 61.8% Fibonacci retracement level of the pair’s October-November downside, near 1.3695, appears a tough nut to crack for buyers. Also acting as an upside filter...
The price has come out of the regression channel and took a bearish path. Considering the price pattern structure, it was expected the market to spend some time around important breakouts, this time it was about price sustainability over ATH, as we broke the previous high of 18600, it was expected the price behavior to become sideways, this is a usual phenomenon...
Weaknesses is increasing in nifty day by day. As you see in chart nifty made all time high @ 18887.6. Also, Yesterday nifty tried to go up but it was a trap (we discussed it in my early post). Now, In chart you can observe that nifty has strong resistance which is indicated with red line. Today, nifty gave us false signal at point B. So, we can consider...
SUZLON --WEEKLY CHART --TREND ANALYSIS 1. stock trading at upper channel consistently on weekly chart 2. current channel support seen at 8-9 level and resistance seen 12-15 level 3. currently stock at uptrend as Weekly RSI above 60 and above WMA 4. stock trading above 44,100,200 HMA 5. one can initiate BUY near channel support if any correction 8.50-9...
BPCL : As per the analysis drawn, it seems that the short is triggered and that the bullish strength should now start to wane. This should lead to a move towards the sell side, which will eventually come into play. The short-term trend seems to be in favour of the bears and a sell around 340-342 with a stop loss near 347 looks like a good idea for a potential...
EURUSD is likely to end the two-week-old winning streak as traders brace for key consumer-centric data from the US. However, an ascending trend channel from November 15 portrays the short-term bullish bias of traders. That said, the monthly high surrounding 1.0600 and the stated channel’s top near 1.0620 limits the quote’s immediate advances. In a case where the...
As I said in title that “Be Careful with Nifty50”. 9th December can be hard for some trader. If you are new try to avoid trad for tomorrow. As you can see in picture Point A was our first clue of trend. After touched Point A nifty made New Low @ 18577.90. Same situation in Point B, After Touched Point B it made new low @ 18564.5. Now, Point C is little bit...
NSE:NIFTY Analysis Closing After 8th Dec 2022, CHART PATTERN (Bullish) Wedge Pattern Formed and Successfully Breakout with High Volume Candle. 1st Target would be Top of the wedge Pattern Wave Counts (Bullish) 2nd Target would be 78& of Correction Wave A If break 78% hurdle, then 5th Wave of Higher cycle is remaining.
Gold buyers appear running out of steam, despite grinding around $1,770 of late. That said, the metal portrays a one-month-old rising wedge bearish chart pattern, recently poking the support line of the formation surrounding $1,773. However, the 100-SMA acts as an extra filter towards the south near $1,763 before directing the metal bears toward the theoretical...
A clear upside break of the 50-DMA and a descending trend line from October’s peak keeps USDCAD bulls hopeful ahead of the Bank of Canada’s (BOC) interest rate hike announcement. That said, the Loonie pair’s upside towards the previous monthly top surrounding 1.3800 appears imminent. However, multiple hurdles near 1.3850 could challenge the quote’s additional...
Buy above 104 with volumes and ride the trend till targets Volume support on right VCP pattern Positive RS
AUDUSD grinds near a three-month high as the RBA lifts benchmark interest rate by 0.25%, as expected. Given the RSI pullback from the overbought conditions, a monthly resistance line near 0.6740 restricts the quote’s immediate upside ahead of the key six-month-old descending trend line, near 0.6880 by the press time. Even so, the 200-DMA level around 0.6920...