Indian Oil has given a breakout (though not very convincing due to lack of a big candle) at the resistance of 94~95 level. The short term target should be 98~100. The midterm target should be 104~105 and a long term target of 115 can be thought of for patient warriors. However, option chain analysis shows a huge no. of calls (big resistance for this month) at the...
THIS IS ONLY NY VIEW BASED ON TECHNICAL SHOW ASK YOUR FINANCIAL ADVISOR BEFORE YOU TAKE ANY TRADE DO NOT TAKE TRADE WITHOUT REASON MUST USE SL
silver:- cmp 64500 my target is 70000,76000..
USOIL Parallel channel formation at 15 mins TF
Inflation is a tough one to get your head around, and QE, MMT and fiscal spending is popular terms these days. I will try to connect the dots short and sharp in two posts. I’ll use gold as an inflation metric, i.e. higher gold price equals higher inflation. First, "inflation is always and everywhere a monetary phenomenon", Milton Friedman once said. There are...
USOIL Ascending parallel channel formation at 15 mins TF
USOIL Ascending parallel channel formation at 2 hour TF
Crude building up to head higher. Refer the chart for the levels.
Midterm forecast: 46.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 42.70 on 11/13/2020, so more gains to resistance(s) 54.40, 58.65, 62.30 and more heights is expected. Price is above...
Midterm forecast: While the price is above the support 1764.25, resumption of uptrend is expected. We make sure when the resistance at 1875.15 breaks. If the support at 1764.25 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would...
Stock takes support at 100EMA. Bought at 171.45, Target is the length of previous consolidation zone. Please do the analysis yourself before trading.
USOIL Parallel channel reversal at 15 mins TF (Short) Entry @ 3473 Stop Loss @ 3488 Target 1 @ 3458 Target 2 @ 3443
Coal india can buy Buy : @142/- Short target 149/- Then 184/- then 213/- #CoalIndia #coal NSE:COALINDIA
USOIL parallel channel formation at 30 mins TF
Crudeoil has started an Elliott wave and made the 4th wave, and now it's making a fifth wave. As per the rules of the Elliott wave, the fifth wave will be completed at 61.8% ( 3648 ) or 50% ( 3600 ) of Fibonacci retracement 1+3 . The 2nd wave is 61.8% of the 1st wave, the 3rd wave is (more than) 261.8% of the 2nd wave, and The 4th wave is 38.2% of the 3rd...
Gold must take support level from here Strong weekly support and 200 days moving average support Target - 1 $1900 and Target-2 $2000