Currency Pair: XAUUSD ( GOLD ) Time Frame: 1 DAILY TF Analysis Summary: 📝 As per the 1-day timeframe (1D) for Gold spot, it indicates an uptrend. The Relative Strength Index (RSI) stands at 62.63, supporting the notion of an uptrend. The day's trading range for XAU/USD is between 1964.41 and 1981.64. The moving average suggests a strong buy signal. However, it's...
Share Market options are very logical. But most of the time we don't realise this. ATR Trailing stop indicators are useful in trading options. ATR trailing stops are different from all other indicators and can be used to easily understand day trade (intraday trade). If you use Zerodha or upstox, Select Nifty 50 Chart -> select Studies -> search ATR Trailing...
Analysis on Daily TF and Trade for Positional Trade: Daily TF: Dynamic support and resistance (EMA50 & EMA79): Will Act as Resistance Chart Pattern: Falling Wedge MACD: Bullish Stoch RSI: Nearing Overbought Range CPR: Bearish Bias and Script breaks the CPR below Build Up: Support at 622.50-609 Range ATR: Flat Higher TF (Weekly) Dynamic support and resistance...
HDFC LTD has been trading in a range& the range is getting narrower day by day that its ATR(11) almost at lowest in this price range in last 2years. Since the stock has done nothing in last 6 months so its likely to give a trending move on either side, in symmetrical triangle BO/BD will help to decide the direction of the move.\ 2513 will be pivot for it.
VEDL NSE:VEDL Daily on 28/Jun/2021 double bottom strategy, bounced back from supply zone, closed above 20 EMA and near trend line Entry 263.85 (with green candle confirmation) SL 263.85-19.4 = 244.45 (SL based on ATR) Target 287.9 (Risk and Reward ration 1.4)
Scrip closed up on a massive selling day triggered by uncertainty in GOVT. Formation in Karnataka. FIB support also seen. Low volumes in this scrip usually, but not always, indicate instituitional buying. Caution: scrip is thinly traded mostly by instituitions.