Let's look at EU, NFP caused EURUSD to rise by nearly 150 pips, breaking previous structures and forming a new trading range. While the range's extent is uncertain, I am looking for buy opportunities next week, given the current weakness in the US economy. The price action appears bullish. We might see a sell-to-buy setup, but if not, I will wait and look for buy setups.
Synthetix ( NYSE:SNX ) is currently trading inside the descending channel. Price has touched its support price and swept liquidation. So, we might have great chance to long it for upcoming weeks with low leverage or spot holding. Targets could be 1.50, 2.10, 3.20, 5.20 for long term holding with Stoploss below 0.85.
ONGC has a strong support at 288.70. Below that it should take next support between 273 to 272.
The stock has formed a rounding bottom pattern on daily timeframe and fundamentals are also supported by the technicals which makes it more attractive and reliable the company posted 3 positive quarters first time since inception , also acquiring blinkit turned the tables . the stock can give breakout in upcoming week or tomorrow and upon breakout it can reach to...
volume spike box breakout(good consolidate) Fib Support(0.6) Support 159 can achieve 254
Hi as being seen from the weekly charts of RELIANCE INDUSTRIES, selling volume has increased along with bearishness seen in the indicator's part , that is to say RSI also showing divergence , with incease in the stocks price and it registering new highs, the RSI did not scale new highs. also the RELATIVE STRENGTH wrt to NIFTY is also moving...
Nifty Confirm Targets Nifty Long above 24030 / SL -24000 24100 ce Buy above 180 SL 165 Target - 230 / 250 /280 Nifty Short Below 24000 / SL 24050 24000 pe Buy above 180 SL 165 Target - 230 / 250 /280
GHSL LTD Above trendline open for good target Spike in volume
RUBYMILLS | Ascending Triangle Breakout | Swing Trade Chart Analysis 1) Ascending Triangle Breakout 2) Swing trade for longtime
KHAICHEM | Ascending Triangle Breakout | Swing Trade Chart Analysis 1) Stock taking support for long time 2) Ascending Triangle Breakout
The Downtrend is not over yet as the Price is yet to touch the $40,000 level.
As the lowest point of Mar 2013 83.00 been tested again, the next support to see at 75.00. Cut loss to set @ 70.00 and 65.00
BANKNIFTY Intraday Trade Setup For 6 Aug 2024 Bullish-Above 50450 Invalid-Below 50340 T- 51170 Bearish-Below 49710 Invalid-Above 49820 T- 49050 BANKNIFTY has closed on a bold bearish note with 2.45% cut today. It opened with a big gap down due to global cues and 10 o'clock range was to be used. Range broke downside below 50340 and gave a one way move till...
NIFTY Intraday Trade Setup For 6 Aug 2024 Bullish-Above 24350 Invalid-Below 24300 T- 24700+ Bearish-Below 23890 Invalid-Above 23940 T- 23515 NIFTY has closed on a bold bearish note with 2.68% cut. We discussed in the weekend after 25K was tested that index has formed a short term top. It opened directly with a very big gap down and 10 o'clock range was to be...
Perhaps hot money might park temporally in this undervalue market during over heated US market
Still down 6% but it has taken an imp support. it has taken support at the trendline and fib confluence. One asset class has reversed and is a very positive sign for the rest.
Nifty within Fib channel. 23350 is going to be strong support level.
Its a up flag breakout.Breakout is happened after a long consolidation with huge volume.