As NIFTY is choosing to make new highs this week, I look at different sector performances and their strength against the broader market.
Through sector analysis and relative strength comparison we can find sector booms before they happen.
Also note, the comparisons made below are all relative to CNX500 index, so it doesn't mean that if trend is downwards the...
While the price is above the support of 1744.50, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades if the Midterm level 1744.50 is broken.
Gold has given a positive breakout with good intensity of volume, all key levels are mentioned on chart,
one can go long at current levels or in dips (if any) with stoploss of 1803.75
key levels are mentioned on chart
intensity of volume is good at breakout candle
macd in daily time...
Explosive Move Coming In Natural Gas
7 Years Long Trend Line Breakout On Monthly TF
If NG Get Close Above 4$ This July Month End
Than Buy It
Add More If Price Drops To 3.5-3.6
SL - 3.40 (Weekly Closing Basis)
Target - 6$
Buy Silver: Silver is ready for upmove
All Details are mentioned on Charts.
A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
1st breakout already happened and it has sustained it. No in this month it has tried to break the next level but failed and coming down to check the support level of 17.
And if it gets the support from 17 then in next month we can see a good move in this stock.
Once can enter from this current level as well another safe entry point will be from...
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
The stock is in a good run, buying opportunities can be generated at good support levels.
Profit booking can be seen in the stock from few days
Good Buying around 60.
You must buy if the stock come to 0.5level.
Please tell me your views ?
June was a brutal month for Golf bugs. The Inflation news along with political developments stopped the rally of April -May, which resulted in Gold posting again of 14% in 2 months.
Trend is bullish for Gold, however 2-3% slide cannot be ruled out from 1810 levels. 200DMA resistance at 1825, is important to be monitored before any fresh long buying.