Hello Friends, Welcome to our Elliott Wave analysis and technical indicators overview of Shree Renuka Sugar Ltd (RENUKA). In this analysis, we'll explore the Elliott Wave perspective and how it aligns with various technical indicators to support a bullish sentiment in the stock. Please note that this analysis is for educational purposes only and not financial...
expecting fall and target range 59150 - 58850 stop as per comfort disclaimer - trade @ own risk
Gold is in an uptrend and looks like it is pulling back to the support level, it could be a good entry point for riding the trend.
Natural Gas has shown clean 5 wave rise after making bottom with a ending pattern of ABCDE triangle now equality levels for wave 1 & 3 is at 3.35$ but looking at strength it could extend till 3.9$ conservative SL 2.55 CMP 2.74 Charts for Educational Purpose only.
Natural GAS INDIA ... 10% upside possible in 1 Month LTP - 227 SL - 219 Targets - 250+ Timeframe - 1 Month
Copper is sitting at the support zone after a steep fall. Good chance that the mean reversion will lead to some rally and also the fact that we have the daily supports here will help that.
Crude Oil important levels to watch are as follows #SUPPORT: 6080 #RESISTANCE: 6160 #buy above 6160 with a strict trailing Stoploss as per your risk appetite. Expected targets mentioned below: Target 1: 6240 Target 2: 6320 Target 3: 6395 #Sell Below 6080 with a strict trailing stoploss as per your risk appetite. Expected targets mentioned below: Target 1:...
Crude oil price again rejected from 200 ema in 1 Day time frame. In 4h time frame clear formation of double top & falling RSI. Price may retest 6000 level, below 6000 level 5700 may also be possible.
Gold Sell now down trend sideways breakout already. Target will be act as next support once reached.
Weak secondary price trend, but upward primary trend (or in higher time frame)
Gold and Silver have both rallied strongly last week, they are now above the key resistance levels. Silver especially looks much better placed to rally compared to Gold. With the supports close by now there is a good chance that we see a good rally in the bullion.
World gold price on the first day of the week tended to decrease with spot gold down 1 USD compared to last week's closing level to 1,953.4 USD/ounce. Last week, the world gold had a 2nd consecutive week of gains when the published inflation reports reduced expectations of interest rate hikes by the US Federal Reserve (Fed). Kitco's recent survey results show...
Gold price reverses the previous week’s retreat from an eight-week-old descending resistance line, grinding higher past the 100-bar Exponential Moving Average (EMA). However, the nearly overbought RSI (14) suggests another pullback from the aforementioned immediate resistance line, near $1,962 at the latest. With this, the XAUUSD is likely to break the immediate...
Enjoy Folk... Every Step and Level Working Perfectly... You Can Thanks me With Boost :)
Sell gold. For daily detailed analysis and to join our community, do comment below.
Crudeoil important levels to keep an eye on according to hourly timeframe are as follows; #Cmp= 6150 # Support = 6020 the region of 6040 to 6020 is acting as a demand zone which means price may bounce back from the region as majority of buying positions can be expected in the demand zone. expected targets on downside after the break of support Target 1:...
Natural Gas has broken out from the head and shoulder reversal pattern on the hourly timeframe. On the daily as well it seems to be forming a reversal pattern and hence the longs have a good chance of succeeding in this environment. Moreover it looks like the previous move was more of a correction rather than an impulse move down. Stops below the right shoulder...