XAUUSD - Weekly analysis in Gold.
1680 will major support for Gold. Gold is Trading in downward chanel. We can see pullback in next week from 1680 to 1760.
If 1680 Breaks , we can see more down side levels - 1650 , 1600.
If we can see pullback after 1680 Support level test, Then only look for buying side...
(My Personal views on gold - Educational Purpose...
GRANULES INDIA as per daily chart analysis is in the downtrend channel and it has made four attempts to break the channel and once it crosses the resistance level 310 and in the fifth attempt it should give a breakout. So once 310 level crosses will update you.
Supreme Petro has given a breakout of a downward channel that has been forming over the last few days. The volume dried up pretty much during the pullbacks and the volume is growing on the up move.
Vinati Organics has once again given a breakout of a downward channel. This is a behavior this stock has done in the past as well. The fundamentals of the stock is very strong and so can be a good one to hold positionally.
EJ is in a downward channel currently, I've mark possible opportunities for the shorts as well as for longs.
Please support me by liking the idea and also if you think the same.
Happy Trading Folks
PNB is testing Upper Trendline in a downward channel.
Upper downsloping Trendline may act as resistance.
Short at 77.20 ( cmp )
Stop-Loss 81
Target 63.35
Risk 4.92% & Reward 17.94%
Risk Reward Ratio 1 : 3.65
Overall in a downward moving channel, so more downfall expected in Short Term/ST before things settle down.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Downward channel: downfall to continue., given the turmoil in the NBFC space
Interestingly, on Sep 25 the volume was high & the stock closed in green, depicts interest amongst investors, where the stock closed at 131.
As per the weekly charts, HUDCO brokeout from the downward channel. Target & SL mentioned on the chart.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
