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EUR/USD Under Selling Pressure: Resistance Blocks Recovery?The 1-hour chart of EUR/USD shows a downward trend with a rounding top pattern, highlighting dominant selling pressure. Currently, the price is hovering near the resistance level of 1.07581 USD. If it fails to break through this level, EUR/USD may continue its downward trend towards the strong support area around 1.06904 USD, where buying interest could emerge. If this support level is breached, the pair could experience a deeper decline. Investors should closely monitor price reactions at these resistance and support levels to make well-informed trading decisions. Latest news impact: Recent strong U.S. economic data has boosted the USD, adding extra pressure on EUR/USD.
Short
by Nava_Brish
Asian paints Funda and 2021 to 2024 distribution TGT-below1600technically from 2021 to 2024 asian paints has seen distribution i think by now smart money has already exited Asian Paints last all quaters has profits around 1100-1200 cr This quater 694 cr which is very massive dip in profits current p/e 52 sector p/e 47 i think asian paints is now no longer market leader so considering these profits constant for next three quaters also then keeping P/e also constant at 50 stock fair price would be 1600 where eps is taken as 32 (Trailing Twelve months) if pe also falls asian paints fair valuation comes around 900-1200 rupees Thats a lot of gap fii hold 15% others hold 8% public around 18% i think asian paints facing severe competition from berger paints grasim indigo paints sirca paints mrf (also has paints ) and many other local players Disclaimer- Just my view and opinion trade at your own risk not an investment advice these are only for educational purposes
NSE:ASIANPAINTShort
by techno_funda_guy
2
Chaman Lal Setia Exports Ltd - Breakout Setup, Move is ON...#CLSEL trading above Resistance of 343 Next Resistance is at 386 Support is at 271 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:CLSELLong
by MandeepSinghKohli
PIXTRANS - Breakout Setup, Move is ON..NSE:PIXTRANS ✅ #PIXTRANS trading above Resistance of 1678 ✅ Next Resistance is at 2220 Related charts: Charts are 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:PIXTRANSLong
by Sandeep_Aggarwal
Pudumjee Paper Products Limited - Breakout Setup, Move is ON...#PDMJEPAPER trading above Resistance of 129 Next Resistance is at 178 Support is at 85 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:PDMJEPAPERLong
by MandeepSinghKohli
Welspun Corp - Breakout Setup, Move is ON...#WELCORP trading above Resistance of 750 Next Resistance is at 916 Support is at 614 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:WELCORPLong
by MandeepSinghKohli
Gold Price Plunges Under Pressure From Rising USD and US StocksThe current chart shows that gold prices are under great pressure as the USD Index surged to 105.12, making the USD stronger. This has reduced the attractiveness of gold to international investors. In addition, optimism about the US economic outlook under President Donald Trump and expectations that the FED will pause interest rate cuts have also contributed to the decline in gold prices. The next important support level is at the $2,620/ounce area, a price level that has previously produced a rebound. If the price falls to this level, this could be the point where traders wait to see if there is enough buying pressure to create a temporary recovery. However, if the price breaks the $2,620 level, the price is likely to continue to fall further, towards lower support levels such as $2,600 or $2,580/ounce. Given the current economic factors and the growth outlook of the USD, gold may continue to be under pressure in the coming time, especially when the demand for holding USD is still increasing.
OANDA:XAUUSD
by Maria_aaa
2
Gold Faces Strong Selling Pressure, Heading Towards Key SupportGold is facing strong selling pressure below a descending trendline defined by lower highs. All three approaches to this trendline were rejected, indicating strong short-term selling pressure. With the current selling pressure, I think there is a high possibility that the price will continue its downtrend and head towards a strong support zone around $2,650/ounce. If this support zone is broken, the downtrend could push the price further down, towards $2,620 or even lower.
OANDA:XAUUSD
by Maria_aaa
HDFC Bank Ltd - Base consolidation setup on a weekly timeframe Amidst the broader market volatility, HDFC Bank among the large cap has formed a flat base consolidation with price nearing breakout zone on a weekly timeframe. Ideal to keep a close watch on this stock. The stock price is trading above the 30 weekly moving average. An up-move could be seen if it breaks out above 1800. Stop loss at 5-8% is ideal. Target: Initial target 20-25% for positional trade. Post that, trailing stop loss at higher level. Note: Not a buy/sell recommendation. Please consult your advisor.
NSE:HDFCBANKLong
by TheUnlearningOne