Hindunilvr - Ascending Channel Pattern Chart time frame: 1 Week Trade type: Short term Duration: 3-4 months Entry - 2100 Target 1 - 2450 Target 2 - 2600+ Stoploss - 1950 Risk:Reward - 1:2 Disclaimer: All charts are purely for educational and information purpose only. Invest or trade at your own risk.
With the bond rout at its peak since early 2020, EURUSD drops to the lowest in five months as traders await US President Joe Biden’s infrastructure bill details. However, a sustained downside break of a three-month-old falling trend line favors the pair bears. As a result, a horizontal area established from September 25, 2020, around 1.1610-1600, gains market...
Although bearish MACD and a sustained pullback below the $1,760 upside hurdle keeps gold sellers hopeful, oversold RSI joins monthly horizontal support to test the bullion bears around the $1,700 threshold. Even if the quote manages to break the $1,700 support, the monthly low around $1,676 and a four-month-old falling support line near $1,656 could challenges the...
Cummins looks good at these levels to Buy for medium to long term. Buy @850-870 and target is @1050, can hold as well for long term.
Gold prints a corrective pullback while holding $1,730 amid early Wednesday. Though, the yellow metal keeps rising wedge confirmation to favor the bears. As a result, $1,724 and $1,718 are likely immediate support to return to the charts ahead of directing gold sellers to the $1,700 threshold. Should the quote drop below $1,700, the monthly low near $1,676 will be...
EURUSD fades bounce off 61.8% Fibonacci retracement of November-January upside as traders eye Congressional testimony of Federal Reserve Chairman Jerome Powell and US Treasury Secretary Janet Yellen. Given the sluggish MACD and the recent US dollar demand, the bears are likely to retake the controls should policymakers hesitate in accepting fears of reflation. In...
Brent oil’s bounce-off early February low has a bumpy road ahead as 200-SMA joins the previous support line from February 19 to challenge the commodity buyers around $65.00. Even if the black-gold prices conquer the $65.00 hurdle, March 10 low and February 25 top, respectively around $67.00 and $67.70 could test the oil bulls. It should also be noted that bearish...
Pvr ltd - Ascending Channel Pattern Chart time frame: 1 Day Trade type: Short term Duration: 1-2 months Entry - 1300 Target 1 - 1580 Stoploss - 1200 Risk:Reward - 1:2 Disclaimer: All charts are purely for educational and information purpose only. Invest or trade at your own risk.
NSE:BALKRISIND Fake Out followed by Huge selling seen on 9 Feb The resistance zone is shifting lower indicating higher presence of sellers The Trendline is the first line of defence followed by the last support in the range of 1509-1529 TWO Possible trading setup's basis the trading style A]Breakdown or breakdown and retest of support turned...
After cheering the Fed-led run-up the previous day, GBPUSD bulls catch a breather below a three-week-old resistance line. However, a confluence of 50-day SMA and yearly support line, coupled with upbeat oscillators signals the pair’s further upside past-1.3990 immediate hurdle. Additionally, wide expectations of the BOE’s disappointment contrast Governor Andrew...
Not only failures to cross the support-turned-resistance line during the previous week’s bounce but bearish MACD and weak RSI, not oversold, also favors EURUSD bears as global markets prepare for the Fed decision on Wednesday. However, 61.8% Fibonacci retracement of November 2020 to January 2021 upside, around 1.1885, offers immediate support to the quote before...
With the US dollar easing ahead of the Fed and bond bears are also catching a breather, gold heads to the key upside hurdle on the four-hour chart. That said, the yellow metal portrays an “inverse head-and-shoulders” bullish chart pattern that seeks confirmation from the neckline breakout, currently around $1,741. While a sustained break of $1,741 theoretically...
With the bond bears keeping the reins, GBPUSD drifts lower during early Monday. In doing so, the quote fizzles recovery moves from 200-SMA portrayed during the last week amid downbeat RSI and MACD conditions. Even so, sellers have a bumpy road ahead that starts with a 200-SMA level of 1.3865. Should the cable bears break 1.3865 support, an ascending trend line...
Chemcon - Ascending Channel Pattern. Chart time frame -1 day Trade type -short term Duration - 2 months Entry - 433 Target 1 - 460 Target 2 - 485+ Stoploss - 425 Risk:Reward - 1:3 Disclaimer: All charts are purely for educational and information purpose only. Invest or trade at your own risk.
Despite breaking the two-week-old falling trend line the previous day, EURUSD wavers in a choppy range above 1.1900 as the pair traders await ECB's decision. Also important for the day is US President Joe Biden’s speech to praise policymakers after his $1.9 covid stimulus package crossed the Senate before a few hours. While neither ECB nor Biden seems to offer any...
Gold prints mild losses while taking a U-turn from 10-day SMA during early Wednesday. With that, the bullion fizzles the previous day’s corrective pullback from the seven-month-old support line, mainly due to hopes of US fiscal stimulus. As a result, gold sellers are once against eyeing the key support trend line, at $1,675 now, an immediate target. It should,...
a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents. Buy with stop loss close below 29.50.
GSPL- Ascending Channel Breakout Chart time frame -1 week Trade type -short term Duration - 3 months Entry - 278 Target 1 - 330 Target 2 - 380+ Stoploss - 260 Risk:Reward - 1:3 Disclaimer: All charts are purely for educational and information purpose only. Invest or trade at your own risk.