The gold chart is currently trading in a narrow range, indicating a sideways trend, reflecting the market’s anticipation of news that could have a major impact on prices. This sideways movement occurs between two key levels: resistance near $2,525 and support at $2,472. This stability has been partly maintained by the latest US inflation data, which showed that...
The downtrend dominates as XRP has adjusted from the strong resistance around 0.6300 USDT. The price may continue to correct toward deeper support levels if it fails to break through the EMAs and short-term resistance. The 34 EMA at 0.5576 USDT and 89 EMA at 0.5513 USDT: Currently, the price is below both EMAs, indicating short-term bearish pressure. The main...
The SOLUSDT chart shows a prevailing downtrend as the price trades below the EMA 34 and EMA 89, currently at 131.90 and 134.84, respectively. The key resistance is around 137 USDT, and failure to break this level could result in the price retesting the support at 127 USDT. The price is expected to see a slight recovery before continuing to decline, as the...
The BTCUSD chart shows a dominant downtrend as the price trades below key moving averages: EMA 34 at 58,760 USDT and EMA 89 at 60,759 USDT. The MACD indicator remains in a negative state, with the MACD line below the signal line, indicating strong selling pressure and a potential continuation of the short-term downtrend. A positive scenario would be a recovery...
The BTCUSDT chart shows a long-term downtrend with a descending trendline from the peak around 68,000 USDT, reflecting Bitcoin’s adjustment phase after the early 2024 rally, amid strong selling pressure. The 34 EMA at 58,753 USDT and 89 EMA at 60,759 USDT are both above the current price, indicating a short-term bearish trend. RSI is at 42.31, suggesting the...
OSCR - Cup and Handle Breakout -Daily- Very Good volume we also see Symmetrical triangle pattern We can keep stoploss as 19 for the target of 24. Watchout for pullbacks to 19 range for retesting the neckline.
SPY -Forming Cup and handle pattern on daily Need to close abv 563. Today we had very good rally from 539.96 to 555. we keep in watchlist. Pattern valid only abv 563 close.
Hello, everyone, i have brought another stock which has given breakout and ready to fly in blue sky,, Stock name is Vinati Organics Ltd and it is incorporated in 1989, It manufactures specialty organic intermediaries and Monomers. KEY POINTS Product Profile: a) Specialty Aromatics Iso butyl benzene/ IBB, N-Butyl Benzene, Secondary Butyl Benzene, Tertiary Amyl...
Hello everyone i have brought a stock which has given breakout of falling trendline pattern and later on it has given breakout of neckline with huge volume spike. Stock name is Deepak Fertilisers and Petrochemicals Corporation Ltd. It is Incorporated in 1979, this is in the business of fertilizers, agri services, bulk chemicals, mining chemicals and real...
Hello 👋 It's a breakout stock.. * Stock is in uptrend * Strong volumes since last 4-5 months * Bullish candlestick on monthly chart * Momentum inclined * Previous high also broken * If price sustain above 390 then can be move further.... have marked levels * It's a classical rounded bottom on monthly chart.. It's my view plz DYOA. No buy or sell...
Hello 👋 IREDA.. * Stock is in downtrend * Currently price facing resistance * If stock goes below 210 more downside can be opened * But if price sustain above 230 then it can be a trend reversal.. * It's a good long term bet.. the only thing is it's a PSU stock.. any govt obligation can have a strong impact on price. It's my view. Plz DYOA. No buy or...
NSE:BANKNIFTY ANALYSIS FOR TOMORROW 🔺 ❇️ IMPORTANT LEVELS 🚀 ❇️ Support: 50950-50780-50580. ❇️ Resistance : 501380-51450-51605-51725. 👉🏻 PURPLE LINE : 51165 is a key level, above buying, Below selling. 👉🏻 @thetradeforecast 🇮🇳
On Friday, Lokesh Machines experienced a notable gap-up opening, indicating a significant increase in demand at the start of the trading session. Currently, the stock appears to be on the verge of filling this gap, a common trading strategy employed by many market participants. Gap filling occurs in the context of imbalances between supply and demand. When a...
The recent movements in AUBank's stock chart warrant a closer examination. Following a pronounced downtrend that commenced on January 13, the stock faced considerable challenges in regaining momentum, struggling for a sustained period to close above all relevant daily EMAs). This persistence in bearish sentiment had created a cautious approach among investors,...
RUNE Price Could Soar 60% If Surpasses This Interesting Level RUNE Price witnesses the formation of an interesting Pattern over daily charts the breakout of which could propel the price by 60%. Weighted sentiment metrics entered the positive territory indicating a buyer's domination. The recent rebound of THORChain (RUNE) has sparked bullish hopes in the...
Yello, Paradisers! Are you ready for a potential breakout? WIFUSDT has been following a resistive trendline for quite some time, and now it's formed a W pattern—often a bullish reversal signal! But is it time to get excited? 💎If WIFUSDT breaks out and closes a candle above the resistance zone, it will confirm the breakout of the trendline and validate the W...
Yello Paradisers! Are you ready for what could be a significant bullish move on FTMUSDT? Let’s dive into the chart and break it down. 💎FTMUSDT has been following a descending channel and recently formed an inverse head and shoulders pattern, which increases the probability of a bullish breakout. 💎If FTMUSDT breaks out and closes a candle above the resistance...
Date 12.09.2024 Bata India Timeframe : Weekly Chart Operating profit margin: - Incase of footwear exporters, the share of EBITDA constitutes not only operating income and also the share of government exporter incentives. OPM for Bata India is 22.78 % which is strong which allows the investors to look into the overall return on capital. Debtor days: - The...