The Decreasing Momentum and Rising Inflation. Gold is Expected to be Down Today. (June, 15, 2021) The Rising Inflation is the killer for Gold Price Action Momentum. This is the Reason of Depletion of Momentum. Traders are in Extremely Fear Sentiment. The Current Momentum is suitable for Scalp Traders. Currently t the Time of Writing Price Action...
This commodity has given Triangle Pattern breakout on the longer time frame, Also given CUP-N-Handle breakout on smaller time frame. Expected positive movement ahead. We can expect price movement up to 275 in the near term.
Gold forecast for the week. Gold Has currently swept some liquidity on the daily. Daily is a large sell range which it has just broken today to make a new low around $1842. We have filled some imbalance on the higher time frames and we could see a pullback into $1800 before making another leg up. to new highs? However short term price action, i believe in the...
COAL INDIA LOOKS GOOD FORMED C&H PATTERN AND retest the breakout level any moment it can fly nearest target mark on chart before investment do your research also
SILVERMIC | Again at Channel support lets try 900 points CMP : 71750 SL : 71300 SL : 72600 1:2+ risk reward setup
Look at the above weekly chart of MCX Copper. It has created an ascending channel pattern without breakout. This channel started in the previous year's April month. At present, it's falling after making a tail. But how much it can go down? Copper may fall more from here, and that can be up to 728 - 710.6 levels. But overall, it's on an uptrend. So, soon it will...
Coal india is showing good reversal patterns on 1 day time frame candles and also good volumes are coming from the last 12 months in the stocks.there is an Inverse head and shoulder , and also cup and handle pattern on1 day candles. if it breaks the multi year trendline on daily time frame it can give us a great move.
GOLD FINAL WORD: Buy Gold - Closing Price - 1877 $ SL - 1670 $ (Monthly Closing Basis) Target - 2800 $ (Time Frame - 2 Years) If SL Triggers Next Buying For Gold Will Be 1400-1450 $ SL - 1040 (Monthly Closing Basis) Target - 2000 $ / 2800 $
Midterm forecast: 1762.55 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 1762.55 is broken. Technical analysis: A peak is formed in daily chart at 1916.50 on 06/ 01 /2021, so more losses to support(s) 1875.15, 1848.50, 1828.25 and minimum to Major Support (1762.55)...
#52(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever,...
Based on the idea shared by Mr. Alok Jain of weekendinvesting Hence, the credit belongs to Mr. Alok entirely. However, I've made minor changes in the ranges. Please do shout out if you find out any errors in the plot. P.S. - can't post the youtube video links as per TV house rules.
Based on the idea shared by Mr. Alok Jain of weekendinvesting Hence, the credit belongs to Mr. Alok entirely. However, I've made minor changes in the ranges. Please do shout out if you find out any errors in the plot. P.S. - can't post the youtube video links as per TV house rules.
NIFTY METAL SECTOR IS LOOKING STRONG AGAIN. THIS WEEKS CLOSING WAS GOOD. Next week will be decisive, but looks like its ready for next big moves.
silver in a triangle, ready to break soon, keep an eye.... 80 k or 50k??? come to know soon...
Coal India – Accumulation Phase almost completed, Ready for a Bull Run. Entry – CMP Stop loss – 137.1 Target 1 – 288.5 Target 2 - 441 Duration - 4-5 years Small resistance between 237.6 to 288.5 All numbers are *Weekly* based Fundamentally, all numbers are too good, no issues at all and Co is cheaply valued too with 8% as Dividend Yield. Technically,...
As seen in chart I drawn based on the famous triangular pattern , a nice movement can be seen in upcoming time but only if the market is inn favor of bull majorly, this is just example of idea to manage risk reward ratio as well. Do follow for more such upcoming idea on Asian paints , L&T and more.
Gold is currently trading very close to channel support