Gold Weekly Analysis July 15 - 19 Be a strong buyer until it reaches 2433.302.
Observe what the market is doing at that level.
If it breaks that resistance and sustain above that level, be a strong buyer.
If there is a signal to go down, then be a seller with proper selling signals.
Fundamentals may also support the market going up.
If the market goes down, fundamentals may play a role in this move.
Candlestick Analysis
GBPJPY - Pre Week Analysis Still its uptrend and trend has not been changed.
We can go to buy above 204.500 where we can see buying pressure.
If Buy SL hits 2 times in the zone of 204.500 - 206.543, Do not go for trade after that in that zone.
Based on every day situation bias can be changed
If it breaks and sustains below 204.500 - After retest and candle confirmation , We can become a seller.
Expecting it would go up based on upcoming economic data.
Sell opportunity today According to 15 m candlestick chart Price prediction or possibility.
1. Price countusly down side since open.
2. Relative Volume high indicate selling pressure.
3. Price below vwap .
4 risk reward ratio is good.
* my personal view for intraday good opportunity to sell Future or perpetual.
M_M @ ATHCurrently M&M trading @ ATH.
Pros:- Retracement with breakout @ 4 hour timeframe.
:- Stock @ Ath which gives nice bullish momentum.
:- Cheap premiums in options.
:-Target till 3,000/-.
:- Entry @ first week of July_2024 which gives Bett opportunity in options trading.
:- Auto sector reduced price in SUV'S and Ev vehicle's.
Con's:- Sideways momentum in stock.
BASML : Swing Trade#BASML : #SwingTrade
>> TWS Recently
>> Inverse Head & Shoulder Pattern Visible
>> Trending setup
>> Good Strength & Volumes Buildup
>> Low Risk High Reward Trade
Swing Traders Book 10% and keep trailing
🚧 Only for Quick 8-10% , not to Hold Longer
🛑Fundamentally stock is not that Good, Stock Picked Purely on Technical Analysis....so can be a Risky Bet
Stock can show Quick 8-10-15% ka quick momentum then fall back
See Upside Potential is 18% so we can easily target 10%
IIFL Finance - Perfect recovery candidate!!!!IIFL Finance is a perfect recovery candidate. Out of accumulation phase, it has given breakout and showing bullishness. Moving towards 650+. Others factors:
1. Breakout with volumes from accumulation phase
2. Volumes are building up
3. RSI postive
4. MACD positive
5. 20EMA crossing 200EMA
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
Breakout with buildup_LupinCurrently Lupin trading @ ATH.
Pros:- Stock closed ATH.
* Stock consolidated Almost 150days in weekly Timeframe.
* 💔 Breakout with build-up in weekly Timeframe.
* Bullish candle close @ Weekly Timeframe about to happen in weekly Timeframe.
* 20 EMA Support in weekly Timeframe.
*
Cons:- Index @ ATH
* If index reverses from ATH, Hedging will help you out with better results.
Happy Trading!! Only for educational Purpose.
Nifty weekly expiry analysis for 04/07/2024.Nifty on the daily time frame has formed a doji after a good gap up opening.
Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities.
Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached.
In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone.
Major Resistance :- 24300-310
Support levels :- 24240, 24180
Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements.
The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction.
Wait for the price action near the levels before entering the market.
BANKNIFTY started to correct..?As we can see BANKNIFTY has finally started to correct itself after hitting its crucial trendline resistance. We may expect a healthy correction before finally continuing its bull run. As long as BANKNIFTY remains below 52500, we may expect BANKNIFTY to remain sideways to negative to plan your trades accordingly.