Get started

Chartanalysis

GBPUSD bull’s journey to retake control appears long and bumpyGBPUSD grinds higher past 50% Fibonacci retracement of October 2023 to March 2024 upside as traders await more clues about Friday’s US employment report for April. In doing so, the Pound Sterling extends the late April rebound from a 61.8% Fibonacci ratio surrounding 1.2365, also known as the golden Fibonacci ratio. That said, the bullish MACD signals and a steady RSI (14) line also underpin the Cable pair’s recovery moves targeting the 200-SMA hurdle of 1.2550. In a case where the quote remains firmer past 1.2550, a five-month-old support-turned-resistance line around 1.2570 will test the buyers before directing them to a downward-sloping resistance line stretched from March, close to 1.2600. Following that, the 100-SMA hurdle of 1.2650 will act as the final defense of the sellers ahead of giving up control. Alternatively, the GBPUSD pair’s pullback could aim for the 50.0% and 61.8% Fibonacci ratios, respectively around 1.2465 and 1.2365. However, Pound Sterling’s fall past 1.2365 will make it vulnerable to drop toward the yearly low marked in April around 1.2300. It should be noted that the pair’s weakness past 1.2300 won’t hesitate to challenge the 78.6% Fibonacci retracement level of 1.2220 and the late 2023 low of around 1.2035. Overall, the GBPUSD pair is likely to extend the latest recovery but there are multiple resistances to challenge the bull’s confidence.
by MTradingGlobal
Digvijay cement-A multibagger in making?Digvijay cement has given a beautiful cup and handle pattern breakout. Recently, sock has also retested the breakout and formed huge bullish marubozu candle in weekly time frame. Stock is looking very strong for a big bull run ahead. Stock has good fundamentals as well and can be held for long term as well. It is a good stock for multibagger investment as cement sector will definitely grow with growing infra and realty sector. Ratios at CMP are attractive PE ratio is around 18, Dividend yield is above 3%.Zero debt company. ROE, ROCE is above 20. Current ratio is above 1 and Price to sales is just around 2.
NSE:SHREDIGCEMLong
by chartistamey
Kirloskar Industries Breakout 🚀There is a one more stock Which was showed a great opportunity and formed a pattern, stock is at near Resistance in a attached image and ready to go if see on chart there is a good breakout with good volume. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Not Able to Share our View with you family, not more active team is looking or new opportunity. We try to more active again. Thanks for Bearing with us family.
NSE:KIRLOSIND
by ChartSight
Global Vectra RockedThere is a one more stock Which was showed a great opportunity and formed a pattern, stock is at near Resistance in a attached image and ready to go if see on chart there is a good breakout with good volume. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Not Able to Share our View with you family, not more active team is looking or new opportunity. We try to more active again. Thanks for Bearing with us family.
NSE:GLOBALVECT
by ChartSight
Data Patterns (India) Ltd - Long Setup, Move is ON...#DATAPATTNS trading above Resistance of 3048 Next Resistance is at 4066 Support is at 2136 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:DATAPATTNSLong
by MandeepSinghKohli
2
Aditya Birla Capital Ltd - Breakout Setup, Move is ON...#ABCAPITAL trading above Resistance of 208.10 Next Resistance is at 255 Support is at 171.80 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:ABCAPITALLong
by MandeepSinghKohli
Biocon-An underperforming pharma stockBiocon is among few stocks which did not participate in Pharma bull run. However stock has recently given a big volume bounce from its demand zone. 295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA. 1st breakouts are normally traps so use pyramiding to save your capital. If stock posts good results , we might see good move in stock. Keep your eyes stuck on this if you like support bounce trades.
NSE:BIOCONLong
by chartistamey
Va Tech Wabag Limited - Breakout Setup, Move is ON...#WABAG trading above Resistance of 780 Next Resistance is at 972 Support is at 598 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:WABAGLong
by MandeepSinghKohli
Blue Star Ltd - Long Setup, Move is ON...#BLUESTARCO trading above Resistance of 1218 Next Resistance is at 1445 Support is at 1030 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