Get started

Chart patterns

SBIN | Pre-Breakout(Intraday / Swing / Positional) Trade | RR 1:2+ | Type:- Pre - Breakout Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Ready To Break- Flag Pattern / Falling Wedge = Both Supported By Fibonacci Retracement (50%) & RSI Divergence (With Good Consolidation). INTRADAY = Entry :- After Clear Breakout or Retest | Stop Loss :- What Suits You | Target's :- What Suits You SWING = Entry :- After Clear Breakout or Retest | Stop Loss :- 347 | Target's :- What Suits You POSITIONAL = Entry :- After Clear Breakout or Retest | Stop Loss :- 345 | Target's :- What Suits You -- Look For Healthy Volumes . Or Get Ready To Exit The Trade. (Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade). Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market. FOLLOW 🤝 | LIKE 👍 | COMMENT ✍ -------------Any Suggestions--------------
NSE:SBINLong
by CT143
NMDC | BreakoutPositional - Long Term Trade POSITIONAL = Entry :- 140-145 | Stop Loss :- 130-120 (Or According To Your Set Of Rules | Target :- Let It Show Weakness, Till Then Ride It. -- Look For Healthy Volumes . Or Get Ready To Exit The Trade. (Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade). Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market. FOLLOW 🤝 | LIKE 👍 | COMMENT ✍ -------------Any Suggestions--------------
NSE:NMDCLong
by CT143
2
WIPRO | RR 1:2+ | Pre-Breakout(Intraday / Swing / Positional) Trade | RR 1:2+ | Type:- Pre - Breakout Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Ready To Break- Channel Pattern (With Good Consolidation). INTRADAY = Entry :- 428.8 - 430 | Stop Loss :- What Suits You | Target's :- What Suits You SWING = Entry :- 430 | Stop Loss :- 423.5/422.3 | Target's :- 442 POSITIONAL = Entry :- 430 | Stop Loss :- 416 | Target's :- 460 -- Look For Healthy Volumes . Or Get Ready To Exit The Trade. (Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade). Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market. FOLLOW 🤝 | LIKE 👍 | COMMENT ✍ -------------Any Suggestions--------------
NSE:WIPROLong
by CT143
2
EURUSD stays offered ahead of Biden’s infrastructure spendingWith 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 attention. Following that, a 50% Fibonacci retracement level of 1.1530 and June 2020 peak surrounding 1.1420 should lure the EURUSD sellers. It should, however, be noted that Biden’s ability to please investors can trigger the much-awaited corrective pullback beyond the support-turned-resistance near 1.1740. Even so, EURUSD bulls are less likely to get convinced until the quote rallies beyond the 200-day SMA level of 1.1865. Overall, EURUSD has some room to the south but the key event may disappoint the bears and hence traders should be cautious ahead of the 20:20 GMT speech.
Short
by MTradingGlobal
Gold bears need validation from $1,700 to retake controlsAlthough 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 yellow metal sellers afterward. Meanwhile, the 200-SMA level of $1,750 adds to the upside filters before the $1,760 resistance line. In a case where gold bulls dominate past-$1,760, the $1,783 and the $1,800 levels should be watched carefully as they hold the key to the metal’s run-up towards late February tops near $1,815. Overall, gold’s latest declines aren’t a sign of bear’s return.
OANDA:XAUUSDLong
by MTradingGlobal
Gold bears can ignore recent bounce unless breaking $1,770Gold 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 in the spotlight ahead of the theoretical target of $1,663. In a case where the latest consolidation extends beyond the $1,740 immediate hurdle and defy the bearish chart pattern, the commodity’s run-up to $1,757 can’t be ruled out. However, 200-SMA and rising trend line from March 04, respectively around $1,762 and $1,770 will be the key hurdles to watch. Overall, gold remains in a bearish trajectory and any bounce should witness fresh selling pressure for now.
OANDA:XAUUSDShort
by MTradingGlobal
1
EURUSD eases below key hurdle ahead of crucial US testimonyEURUSD 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 that case, the aforementioned key Fibonacci retracement and 200-day SMA, respectively around 1.1885 and 1.1850, will be in the spotlight before the monthly bottom surrounding 1.1835. Meanwhile, a surprising optimism can trigger the quote’s recovery moves targeting a 50% Fibonacci retracement level of 1.1975. Though, any further upside will be tamed by a confluence of 21-day SMA and a three-week-old horizontal area near 1.1990. Also likely to tame the EURUSD bulls is the 1.2000 round-figure and the mid-February lows near 1.2025. Overall, EURUSD looks set for further losses but the key SMA can test the south run.
Short
by MTradingGlobal
Brent oil seeks fresh buying but $65.00 probes buyersBrent 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 MACD suggests further hardships for the commodity’s corrective pullback. Meanwhile, six-week-old horizontal support around $61.85 restricts the quote’s immediate downside ahead of 61.8% Fibonacci retracement level near $61.00 and the $60.00 psychological magnet. If at all the oil bears dominate past-$60.00, the late January tops surrounding $56.00 may return to the chart. Overall, oil bears are likely rolling up their sleeves to consolidate the latest run-up.
TVC:UKOILShort
by MTradingGlobal
BALKRISIND POSITIONAL VIEW BASIS PRICE ACTIONNSE: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 resistance (1509-1529) would trigger SELL B] Breakdown of Trendline and/or Retest of Trendline Stop Loss would be above 1653 Targets as indicated in Charts Leave a LIKE if you have learnt something from this analysis. Share and Comment would be appreciated as your way of showing gratitude !!!
NSE:BALKRISIND1!Short
by FourSTechnicalAnalysis
GBPUSD stays inside bullish set-up on BOE Super ThursdayAfter 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 Bailey’s ability to surprise the market, which in turn adds strength to the bullish bias. Though, a clear break of the 1.4000 threshold will become necessary for the GBPUSD buyers before eyeing the previous month’s top, also the highest since April 2018, around 1.4240. Alternatively, downside moves will not only need to break the 1.3810 support confluence but also an ascending trend line from September 23, currently around 1.3675, to recall the GBPUSD bears. Following that, lows marked during February and January, respectively near 1.3560 and 1.3450, will be the key to watch. Hence, GBPUSD bulls can ignore losses unless breaking the 1.3675 level, which requires an extremely dovish BOE that is out of course for now.
Long
by MTradingGlobal
EURUSD aims 200-DMA re-test with eyes on Federal ReserveNot 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 dragging it to the key 200-day SMA (DMA) near 1.1835. Should Powell & Company use the word “taper”, odds of the pair’s further downside towards November 11, 2020 low near 1.1745 can’t be ruled out. Meanwhile, 50% Fibonacci retracement level and the previous support line, respectively around 1.1975 and 1.1990 guards immediate EURUSD upside ahead of the 1.2000 threshold if at all the Fed overcomes the bearish hopes stronger than now. Also acting as the key upside barrier is the mid-February lows near 1.2020 as well as the monthly peak surrounding 1.2115. Overall, EUR/USD moves are likely to remain sluggish, but bearish, ahead of the Fed while the following performance depends on how the US central bank manages to praise the fiscal stimulus and reject reflation/tapering fears.
Short
by MTradingGlobal
1
Gold buyers stay hopeful on inverse head-and-shouldersWith 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 propels the quote to cross the $1,800 hurdle to the north, a downward sloping trend line from the early February and 200-SMA, respectively around $1,755 and $1,781, adds to the upside filters. Meanwhile, a pullback from the current levels, which is more likely amid the pre-Fed trading lull, will eye to revisit the $1,700 threshold. However, any further weakness may not hesitate to challenge $1,687 and the recently flashed multi-day bottom surrounding $1,677. To sum up, gold buyers are looking for a comeback after heavy losses since early 2021. Though, the US Federal Reserve meeting, up for Wednesday, holds the key to the metal’s further recovery.
OANDA:XAUUSDLong
by MTradingGlobal
GBPUSD fades bounce off key supportsWith 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 from early February and one-month-old horizontal area, respectively around 1.3830 and 1.3770, will challenge the pair’s further downside. However, a clear downside break of 1.3770 will be enough to challenge February’s bottom surrounding 1.3565-60. Alternatively, the latest swing high near 1.3950 guards the pair’s short-term upside ahead of the 1.3990-4000 resistance zone comprising multiple levels marked since February 19. Although reflation fears can keep threatening GBPUSD bulls around 1.4000, a successful run-up may catch a breather around February 24 low near 1.4080 ahead of challenging the yearly peak of 1.4237.
Short
by MTradingGlobal