Analysis
how to trade apcotex industries?The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend.
The Head and Shoulders Bottom pattern is observed after a significant downtrend, characterized by three consecutive price declines. The middle decline forms the lowest point, known as the "head," while the other two declines form the "shoulders" at approximately the same level, but higher than the head. The pattern's volume is highest during the initial two price declines, decreasing through the right shoulder. Ultimately, the pattern confirms a reversal to a new uptrend when the price breaks above the neckline, drawn between the two highs, accompanied by a surge in volume. This breakout marks the end of a period of accumulation at the bottom and signals a shift in the trend direction.
expected targets has been marked in chart.
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This chart is only for educational purpose.
This is not buying or selling recommendations.
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Please consult your financial advisor before taking any trade.
BANKNIFTY Trendline resistance Hello traders
Sorry for not posting for a while.
Marking the buying and selling levels on chart which is a buy above 44050 level and can hold till 44160 leval and after that marked on chart
In sell side we have big targets till 43750 if it there are any bearish candle near the Trendline only then we can short with small quantity.
Make sure you are trading with patience and pchycology and as per your risk because it is your hard earned money do not trade in FOMO.
Let's wait and watch and have a profitable day ahead.
Thanks
Best Fundamental Stock with high durability, Buy on levelPositional Trade For Next 2 - 3 Month, Return Upto 20 - 30%
Quess Corp Ltd.
Buy on level = 390 - 420 (Part Entry)
Target = 465-505 (For Next 2 - 3 Month), 550 (For 6 Month)
Fundamental view
Company with Low Debt
Book Value per Share Improving for last 2 years
Promoter Holding = 56.74, with Zero Pledge
Promoters have increased holdings from 51.90% to 56.74% in Mar 2023 qtr.
Potential Buy Zone on P/E basis
Current P/E = 27.7
Sector: Software & Services
The sector includes companies focused on maintaining, developing and providing internet services, software development, and IT services. Products developed include online databases, interactive services, programming, and system services.
GOLD 08/06/2023 Bears have the upper handTVC:GOLD price seesaws around the intraday high as it prints slight gains after dropping the most in a week the previous day. Even so, TVC:GOLD remains indecisive on a weekly basis as markets struggle to find clear direction amid a blackout ahead of the Fed and mixed feelings on growth concerns Global.
Organization for Economic Co-operation and Development (OECD) flagged concerns about a weak global economic transition amid higher interest rates and spurred buyers of TVC:GOLD , especially after a rate hike surprise rates from central banks in Australia and Canada. However, the easing of concerns about the Federal Reserve (Fed) rate hike by 0.25% in June contrasts with the possibility of a rate hike in July to underpin the Gold Price rally towards the end. year.
SELL GOLD zone 1953 - 1955
Stop Loss : 1958
Take profit1 : 1948
Take profit 2: 1940
Take profit 3: 1935
Note: Installing TP SL fully wins the market and is safe in trading
GOLD is stuck in the price zone 1950$-1955$Gold price in a three-day rally near $1965 as the US Dollar remained bearish early Wednesday. In doing so, the precious metal also cheered hopes for more China stimulus and cautious optimism in the market amid the Federal Reserve's (Fed) policymakers' disapproval. any speech due to a power outage before the FOMC, as well as due to a light schedule.
That said, the US Dollar Index (DXY) reverses the previous day's corrective recovery while taking offers around 104.00, down 0.10% on a day-to-day basis by press time. In doing so, the greenback's measure against six major currencies suffers from a market that bets on the Fed's next move.
I expect gold to return to the 1965-1964 price range and then continue the uptrend that was formed earlier. My expectation is that gold will reach the 1976 zone.
Stoploss will be around 5 prices per order.
Make sure you have TP, SL to win the market.
SOL / USDT WILL TOUCH HIGH ?Solana, SOL could hit $6.59 in 2023
Solana’s price prediction for the most bearish scenario will value SOL at $16.03 in 2023
Solana’s previous All Time High was on 7th November 2021 where SOL was priced at $259.96
Solana’s price at the same time last week was $20.57. It has moved by -3.91% in the past week and is currently at $20.04. Infact, in the past 24 hours, SOL has dumped by -7.04%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and SOL could hit $39.14 in 2024.
The total circulating supply of Solana as of writing this article was $397607780.16 and the marketcap of SOL remains at $7,970,200,997.
Bank Nifty - 05 June 2023Nifty and BankNifty both has closed at a Tricky place.
It's difficult to identify the trend or opening.
Tomorrow's session depends on opening of NSE:BANKNIFTY
I'm expecting a Bullish Gap Up opening, just because the SGX:IN1! is trading more than 100 points above NSE:NIFTY
*I don't consider any News or any other external factors or Indicators. I just use Plain Chart and Pure Price Action .
My levels and views change depending on market opening ...!!!
Trade or invest according to your analysis . This is just my view.
For complete analysis watch my YouTube Channel morning after market opening.
I'll be posting EOD analysis too.
<----- 3MRT Trading ----->
Nifty - 05 June 2023Nifty and BankNifty both has closed at a Tricky place.
It's difficult to identify the trend or opening.
Tomorrow's session depends on opening of NSE:NIFTY
I'm expecting a Bullish Gap Up opening, just because the SGX:IN1! is trading more than 100 points above NSE:NIFTY
*I don't consider any News or any other external factors or Indicators. I just use Plain Chart and Pure Price Action .
My levels and views change depending on market opening ...!!!
Trade or invest according to your analysis . This is just my view.
For complete analysis watch my YouTube Channel morning after market opening.
I'll be posting EOD analysis too.
<----- 3MRT Trading ----->
Nifty50 Day End Analysis 2023.02.06NSE:NIFTY looks to extend the current corrective phase till 18450-18420 or in worst case till 18360 (rare chance but still a probability) level.
● Wave a (sky blue color) with subwaves i-v (purple color) completed on 2023.06.01.
● Currently into wave b (sky blue color) which is an abcde (purple color) contracting triangle pattern.
● Wave c (sky blue color) should take it to 18450-18420 or in worst case till 18360 level.