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Crude Oil- BULLISH CONTINUATION!Attached: Crude Oil Daily Live Market Chart On Sunday 2nd April 2023, Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day. Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd. And due to this Surprise Output Cut, the Next Day itself Oil Prices Gapped Up and Closed Up 6.16% (+ 4.66 dollars) Following that Prices have consolidated for 4 days giving Inside Bars, holding the Gap Zone Today, Price is finally some some Buying Action It appears that the Gap Up is a Breakaway Gap and now Oil Prices are ready to Break Out of the 4 day Consolidation Looking at Moving Averages: 20 EMA has crossed above 50 EMA giving a Buy Signal Price is consolidating right below 200 EMA and once its Breaks above it, Price is to Accelerate on the Upside LEVELS: Current Market Price= $ 81.40 Upside Target: $ 92 to $ 100 Stop Loss: below $ 79 ....................................
OLong
by T_Harth
GDX- Cup & Handle BREAKOUT BUY!Attached: GDX Daily Chart as of 7th April 2023 Price has given a Classic Cup & Handle Breakout Buy Signal on the Charts What do Technical Indicators say on the Daily Chart? - RSI is in overbought zone ( > 70) and confirming a Bullish Regime✅ - MACD is trending up and in buy mode, confirming Momentum✅ - DMI is in buy mode and ADX is above 25, confirming a Strong Up Trend✅ Going by Pure Price Action too and especially if you go on the Weekly Chart, you can see last Week put in a Clear Bull Power Candle which is our Breakout Candle The Green Trend Line serves as the Neckline for the Cup & Handle Pattern Trade Plan as follows: Current Market Price= 34.43 Upside Target🎯= 40 to 42 zone Stop Loss⚠️ can be < 32 This is our Swing/ Positional Trade Call ............................................... Note: Not only is GDX Bullish for the IMMEDIATE Short Term (Daily Time Frame as I have put out in this Idea), but it is also Bullish on the Higher Time Frames like the Monthly and the Weekly as well, so there is a Multi Time Frame Alignment too✅ Lastly, Refer to my Related Ideas to see my GDX Analysis on the Monthly Time Frame to get my Long Term View for an INVESTMENT CALL👍
AMEX:GDXLong
by T_Harth
GUJALKALI - Low Risk high reward tradeA bullish reversal pattern has developed over the past week on GUJALKALI at the demand line. It is clear that the selling volume has been exhausted and the bullish volume is rising. The area where the stock is currently struggling has previously served as a support / resistance zone and has been tested numerous times. At the current price, we can plan a buy trade that could have a low risk but high reward. My analysis is solely for study purpose; I am not a Sebi registered individual. If my analysis proves useful to you, please like it and follow me on Trading View for more analysis like this.
NSE:GUJALKALILong
by AfnanTAjuddin
3
Nifty 50 (After-20/12/2022)Analysis After 20th Dec 2022 Closing Wave Count - Nifty is in (5)th of 5th of IV Wave , means one more bullish movement is expected. Also, strong supports are just below close of 20th Dec 2022. 1. 38% Retracement of 3rd Wave in Small Cycle. (Orange) 2. Previous High support is just below 38% support. Divergence - Bullish Divergence in 1 Hour time chart in MACD & RSI both. View- Currently, Bullish from this point until 18100 level is not breach in Daily Timeframe.
NSE:NIFTYLong
by KRSCharts
UBL VCP PATTERNOne can add 25% position 1787 and if price retrace add more. A classic VCP pattern. hart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:UBLLong
by stockartx
Reliance: Near Support level from Long term perspectiveReliance We are looking at weekly chart of Reliance Industries - Between July 2018 - May 2020, we observe Reliance trading in 3 red downtrend channel boxes of similar time horizon - In June 2020 , we see Reliance giving a strong breakout above the red trendline - thereafter we have seen Reliance trading in 2 parallel yellow boxes Given the chart pattern, Accumulate Reliance at current levels and on dips towards 2240 Target 3500 odd levels Reward potential 50% Pattern gets invalidated if it closes below the red trendline on a weekly closing basis Risk 5% Risk::Reward ratio looks good to go long from medium to long term perspective Take care & safe trading....!!! For more such ideas Like and Follow Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:RELIANCELong
by indiamarketoutlook
2