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Shriram Pistons & Rings Limited - Long Setup, Move is ON...#SHRIPISTON trading above Resistance of 1210.50 Next Resistance is at 2282 Support is at 842 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:SHRIPISTONLong
by MandeepSinghKohli
1
Blue Star Ltd - Breakout Setup, Move is ON...#BLUESTARCO trading above Resistance of 1445 Next Resistance is at 1782 Support is at 1165 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:BLUESTARCOLong
by MandeepSinghKohli
2
Nava Limited - Breakout Setup, Move is ON...#NAVA trading above Resistance of 867 Next Resistance is at 1032 Support is at 673 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:NAVALong
by MandeepSinghKohli
Gold: Prices renew all-time high under $2,600, but expect bumpsGold prices hit a fresh record high around $2,570 early Friday as it extends the previous day’s upside break of a three-week-old resistance, now support around $2,525. This rise is fueled by increasing expectations of significant rate cuts from the US Federal Reserve and a push against a rising trend line from mid-July. A bumpy road for the bulls ahead… Despite the Fed's rate cut hopes supporting gold, an eight-week resistance line and an overbought RSI (Relative Strength Index) suggest a possible price pullback. Additionally, a potential bounce in the US Dollar, especially with upcoming reports on consumer sentiment and inflation expectations, might give gold buyers a temporary pause. Nevertheless, the breakout above resistance and bullish MACD signals keep the buyers optimistic. Technical levels to watch… To continue climbing, gold prices need to break above a two-month resistance line around $2,570. If successful, gold could quickly reach the 61.8% Fibonacci Extension (FE) level of the bullion’s late July to early September moves near $2,581 and then target $2,600. If gold surpasses $2,600, it could aim for the 78.6% and 100% FE levels around $2,610 and $2,650, respectively. If prices pull back, they might first test the 50% and 38.2% FE levels near $2,560 and $2,540. A key support level at $2,525 could also come into play. If gold drops below $2,525, it might struggle to hold above $2,500 and $2,470, making those levels significant for potential declines. What next? Gold buyers are expected to remain strong, thanks to anticipated rate cuts from major central banks like the Fed. However, there might be a temporary dip in prices before the next rally.
OANDA:XAUUSD
by MTradingGlobal
EURUSD: Bears Eye 1.0980 as ECB Interest Rate Decision LoomsEURUSD prints its first daily gain in five days as traders recover from a month-long low, preparing for the European Central Bank's (ECB) upcoming policy announcements. Despite the recent slowing of US inflation and speculation about possible significant rate cuts from the US Federal Reserve in late 2024, the Euro bulls remain cautious due to the ECB's dovish stance and economic concerns in the Eurozone. EURUSD sellers keep control Even though the Euro is recovering before the key event, the overall bearish outlook for the pair remains intact. It continues to show weakness with the 20-EMA breakdown early in the week, bearish MACD signals, and a steady RSI (14) line. Key technical levels to watch Among the key technical levels, sellers are particularly focused on the convergence of the 50-day Exponential Moving Average (EMA) and a previous resistance line around 1.0980. Following that, an ascending support line from late June near 1.0900 is also important to monitor. If the price remains below 1.0900, it could drop further to the previous monthly low around 1.0790. On the other hand, for EURUSD buyers to regain control, they need to see the price break above the 21-day EMA at around 1.1050 and a falling resistance line at about 1.1070. Additionally, a hawkish rate cut from the ECB would support this move. If the price manages to rise past 1.1070, it could test the monthly high of 1.1155 and the yearly peak around 1.1200. Downside bias gains acceptance Looking ahead, there's uncertainty about the ECB’s upcoming rate decision. Some traders anticipate a 0.50% cut, while most expect a smaller 0.25% reduction. If the ECB surprises the market with a more aggressive or unexpected rate move, it could lead to significant volatility. Therefore, EURUSD traders should hold off on new trades until the ECB's decision is announced. They should set a stop-loss to manage their risk if they are currently holding short positions.
by MTradingGlobal
Geojit Financial Services - Breakout Setup, Move is ON...#GEOJITFSL trading above Resistance of 147 Next Resistance is at 228 Support is at 96 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:GEOJITFSLLong
by MandeepSinghKohli
Edelweiss Financial Services Ltd - Breakout Setup, Move is ON...#EDELWEISS trading above Resistance of 110 Next Resistance is at 161 Support is at 88 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:EDELWEISSLong
by MandeepSinghKohli
Dhunseri Investments Limited - Breakout Setup, Move is ON...#DHUNINV trading above Resistance of 1695 Next Resistance is at 2640 Support is at 1256 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:DHUNINVLong
by MandeepSinghKohli
Allied Digital Services Limited - Breakout Setup, Move is ON...#ADSL trading above Resistance of 271 Next Resistance is at 360 Support is at 192 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:ADSLLong
by MandeepSinghKohli
Mrs. Bectors Food Specialities Ltd - Breakout Setup, Move is ON.#BECTORFOOD trading above Resistance of 1616 Next Resistance is at 2287 Support is at 1336 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:BECTORFOODLong
by MandeepSinghKohli
Godfrey Phillips India - Breakout Setup, Move is ON...#GODFRYPHLP trading above Resistance of 6771 Next Resistance is at 9804 Support is at 4339 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:GODFRYPHLPLong
by MandeepSinghKohli
Allied Digital Services Limited - Breakout Setup, Move is ON...#ADSL trading above Resistance of 192 Next Resistance is at 271 Support is at 153 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:ADSLLong
by MandeepSinghKohli
Poly Medicure Limited - Breakout Setup, Move is ON...#POLYMED trading above Resistance of 1782 Next Resistance is at 2339 Support is at 1405 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:POLYMEDLong
by MandeepSinghKohli
Marksans Pharma Ltd - Breakout Setup, Move is ON...#MARKSANS trading above Resistance of 212 Next Resistance is at 262 Support is at 180 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:MARKSANSLong
by MandeepSinghKohli
Multi Commodity Exchange of India Ltd - Long Setup, Move is ON..#MCX trading above Resistance of 3056 Next Resistance is at 5182 Support is at 1722 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:MCXLong
by MandeepSinghKohli
2
Indian Hotels - Long Setup, Move is ON...#INDHOTEL trading above Resistance of 509 Next Resistance is at 651 Support is at 391 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:INDHOTELLong
by MandeepSinghKohli
Mrs. Bectors Food Specialities Ltd - Long Setup, Move is ON...#BECTORFOOD trading above Resistance of 1237 Next Resistance is at 1616 Support is at 858 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:BECTORFOODLong
by MandeepSinghKohli
Godfrey Phillips India - Breakout Setup, Move is ON...#GODFRYPHLP trading above Resistance of 4971 Next Resistance is at 6771 Support is at 3647 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below 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:GODFRYPHLPLong
by MandeepSinghKohli
2
Gold: Edges higher within bullish channel, focus on $2,530 & NFPGold buyers are gearing up for potential weekly gains as the metal rebounds from a resistance-turned-support level that's been holding steady for seven weeks. With the crucial US August jobs report, including the Nonfarm Payrolls (NFP), on the horizon, traders are cautious before the release. A smoother road for bulls Gold's recent bounce from past resistance and a 2.5-month-old bullish trend channel suggest more gains ahead. That said, supportive RSI and weakening bearish MACD signals also favor buyers. Important technical levels to watch A 13-day-old descending trend line, close to $2,530 at the latest, guards immediate upside of the gold price ahead of the all-time high surrounding $2,532 marked in August. Following that, the aforementioned bullish trend channel’s upper line, close to $2,558, and the $2,600 round figure will gain attention of the buyers. On the contrary, sellers will wait for a clear downside break of the multi-day-old previous resistance line, near $2,470 as we write, for taking fresh entries. Even so, a convergence of the 50-SMA and bottom line of previously stated bullish channel, near $2,439, will be a tough nut to crack for the bears before taking control. It’s worth noting that the 100-SMA level around $2,388 acts as an additional downside filter. What Next? Gold buyers are poised for potential new highs, but gains might be limited before the key US jobs data is released.
OANDA:XAUUSD
by MTradingGlobal