Description: The counter XAUUSD is in the descending triangle from 31st March. The support baseline at the price 1676.48 and the resistance trend line at the prices 1755.62 and 1745.98 together form a descending triangle. Today the price is moving near the resistance line and it is expected move downwards. The bearish trend of the counter may continue further in...
Head and shoulder pattern is clearly forming in RIL. Check out the chart for levels.
The Breakout is getting retested on weekly time frame. Its a short till 128 but BTST isnt allowed . So Long term investors may accumulate but this stock might hit levels of 128. On upper side above 145 closing for 2weeks may show a strong support. RSI too weak for the candle. Volumes are also low.
Trading suggestion: . There is a possibility of temporary retracement to the suggested resistance line (1.9765). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
bearish t1- 275 then we see pullback trade
Trading suggestion: . There is a possibility of temporary retracement to the suggested resistance line (0.7270). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Contra bet in this bulllish Market. Banknifty chart seems to have topped at 37700. Since then, It has been printing Lower highs with base of 34500 - 35000. Index must break the lower high formation to turn bullish again Or Break the base of 35000 Index may test Previous All time high of 33000 which also happens to be 61% retracement of the whole 30000 to...
BUY ON DIPS. Potential Target near 5632 FRESH Shorts could be taken near 5630 with SL 5681 on 15 minutes candle
Wipro has been forming a bearish continuation pattern after sustaining below 200 ma line. This indicates that Wipro is in major downtrend and this must be a small correction or retracement. There’s a possible chance for reversal because there’s 3 reason supporting our statement. SUPPLY ZONE 200 MA LINE FIBONACCI 61.8% level
Pullback and will continue downtrend towards 1600 Support Zone. Perfect time to Short XAUUSD.
Short at 602 or macd 15min sell indication expect ( As the fmcg sector is following the downtrend could help give momentum ) Sell = 602 sl = 605 target = 681-682 ( 3% target )
#NiftyMetal cmp 3743 tgt 3600-3500 sl above 3850 60min chart #Wyckoff #Distribution #Bearish Though this is not a typical text book distribution, but why to take risk.