head and shoulder like pattern have formed in weekly chart. trading near the neckline of the pattern. This analysis is my own idea. I don't recommend taking trade based on this idea. consult your SEBI registered adviser to Know the market risk before. in.tradingview.com
Date : 11.08.2024 Welspun Living Timeframe : Weekly chart Tools used : Eliiot wave & harmonics Pattern : Pole & flag
US Oil performed as expected, rising from the demand zone and is currently trading within the first supply zone. Now, I’ll watch to see how the price reacts. Ideally, I’d like to see shorts, as the decreasing bullish volume suggests that the upward move may not be supported at this moment.
As per the chart Bank Nifty has a range-bound structure. However, the market closed at the top of this range by the end of the week. So, if the market starts with a bullish bias, it may reach the swing high once again. This is because, as we mentioned in the previous post, if the market breaks the 50% level in the minor swing, it will lose the strength of the...
EUR/JPY looks interesting to me. I’d like to see a 75-80% pullback within the daily trading range, which is my target. The price has created a new trading range, so let’s see if it can hold, take out the inducement, come into the buy zone, and then continue higher.
Good evening, friends! 🌺🍬 Here are the market directions for the 3rd week of August: Global Market Overview In the previous week, global markets experienced a consolidation after a sharp decline, which indicates that the market is structurally bearish. So, what about this week? My expectation is that the bearish sentiment might continue because the US market...
Bullish on Repco homes for medium term 1)strong support at 200ma 2) rising channel 3) oversold RSI
The price has created a new trading range on GBP/NZD and has broken the structure to the left. Now, I’ll be waiting for the price to approach the sell zone before looking for sell opportunities, targeting the daily buy zone. If the price drops before reaching the sell zone, I have a strong target from the daily buy zone, specifically the 4H supply. In both...
EUR/USD still has a gap to fill from the NFP, which could lead to a push to the downside, allowing buyers to enter at discounted prices. Therefore, I’ll be looking for possible sell opportunities until the price drops to the target and potential buy zone. Then, I’ll wait for buying opportunities.
Nifty n BNF both have rebounded from their strong support zones. the rumour surrounding the SEBI chief may have some initial impact in the first two hrs and will be a perfect time to enter.
An inefficiency was was created by the price, which was later filled. Price then went on to stay in a range but it tried giving breakout moves to grab BSL and then dumped to grab SSL. I can see some support from downside because price is not breaking previous external low. Buying near VWAP for best entry price
So I have been analyzing BTCUSDT in Daily time frame, as you can see BTC recovered well after crashing and touching the 40500 - 48500 area, it is yet to create double bottom if it wants to touch the 66500 area, of course there is a major resistance at this level, while making double bottom there are great chances that it hits 57144 - 58210 range and pump heavily...
Bikaji Foods we earlier captured 20% (refer our earlier chart). Now we expect this stock to move towards 950+ levels: 1. Q1 results are very good couple with management guidance 2. MACD is getting positive 3. RSI is positive 4. Volume on last trading day shows positiveness Cleaneasycharts - Clean Charts, Easy Charts!! Right Stock at Right Time at Right...
#STOVEKRAFT - Stage 2 breakout stock ~ Looking very strong for long term
Multiple highest volume quarterly suggest Some big players know something. Removing weak hands in recent correction. It seems its resuming uptrend once again. With risk of price closing below SMA 20. ( 165 ) Quick gains of 15-20% can be excepted in 2-3 weeks. SL closing below 165 hard sl 160 target 210
I see a short term sells on Gold, from that sell zone I have marked. Price dropped and break the minor structure. Sells could get in play if we see a nice recovery up to the supply. Would also align with DXY making possible pullback. I will only look at gold and wont be getting into position as I have other pairs that I prefer.