GBPUSD braces for the first weekly gain in four as 200-EMA and a two-week-old support line defends Cable buyers. However, multiple failures to cross a one-month-long horizontal hurdle keep the sellers hopeful of breaking the 1.2000 key support. Following that, not only the ball could drop on the bear’s court for the fourth consecutive weekly fall but the pair...
After closing a positive week on the red side, AUDUSD remains on the bear’s radar as it broke a short-term symmetrical triangle, as well as the 50-SMA. However, the bears need a clear downside break of the previous week’s bottom surrounding 0.6580 to keep the reins. In that case, the downward trajectory could aim for the 200-SMA level surrounding 0.6475. During...
Stock coming out from a consolidation of 4.5 months. great Risk-reward Covid ending and Travelling to boost again?
reason :- Trendline support at Supply Zone sl450 tgt515++
1) Nifty brokedown Head and shoulders pattern = correction mode is ON 2) Head height = 885 points , so support can be found at 884 points below the neckline i.e at 16900 levels - support 1 3) Possiblity of Filling gap of 27 Aug - 30 Aug at Support 1 4) Support 2 at 16150 levels which is also the 200 DMA region
NIFTY 50 EOD ANALYSIS 29-11-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17055.80 H 17160.70 L 16782.40 C 17053.95 EOD +27.60 points / +0.16% India VIX 20.83 SGX...
Market right now is in correction mode because of negative news hwoever for longer time horizion market is set to perform bullishly
This is how I grow my capital base leading to wealth creation Note: This post is meant specifically for retail traders and or investors like me who may not have or may not have and or deploy a significant part or entire capital to the stock market. So please read the post with this in mind. I am sharing my way of doing things or what I would do to better manage...
Escalating covid woes weigh on commodities while downbeat China data exerts additional pressure on the Brent oil prices during early Monday. Also favoring the oil sellers could be the quote’s U-turn from 50% Fibonacci retracement of early August upside, followed by a break of the one-week-old rising trend line. Hence, the Brent oil prices are all set for further...
COVID has impacted our lives in so many ways and Stock markets were no exception which saw drastic falls and steep recoveries as well. SO I have tried to make a correlation between both. Major scrips saw a minor downtrend which lasts for few weeks with minor corrections. Similarly COVID 1st wave caused saw minor casualities for few weeks. The scrip entered into...
The Canadian dollar continues to drift this week. In the European session, USD/CAD is trading at 1.2037, down 0.08% on the day. Canada's economy is expected to have surged ahead in the first quarter of the year. GDP grew at an impressive rate of 9.8% (YoY) in Q4. The consensus for Q1 stands at 6.8%, which would bring growth close to pre-Covid levels. These GDP...
Hi trade mates! Yes, the trend is bullish for the month of June 2021, considering the market analysis, technical support on Nifty, and reduction of corona cases. Wait for 35250 levels, if it breaks then 37000 for sure! Meanwhile don't try to carry forward your trades, it's highly risky in this volatile market, especially for BANK NIFTY. Your premium may...
Bharti airtel if hold 545 then u can buy for intraday and if it break 545 and go down then sell bellow 542 for intraday. Take free tips benefit and earn money in this lockdown time i will give u daily this types of trade. earn and help your family.
As we discussed yesterday .....see levels and targets getting up and up.. Option Call 1100Ce @28 - target 51 SL-20-19
As erlier we discussed .... that gave good levels and after that we saw profit booking...which means that there was profit booking done buy big players ....and now again its retestes the level and that trend line of 555 and again from here it is going up with good Vol as u can see on Fibc Retresment indicator ... Now fresh entry ONLY ABOVE 571.70 with SL of...