SHIB: Meme Token Breakout Potential The popular meme token SHIB has seen a significant spike in interest over the past 10 days, with its price rallying alongside the increased attention. Currently, SHIB is resting on the 10MA, which could act as a support level and bounce off. Technical Analysis: - The recent price action has formed a bullish flag pattern, which...
I have been observing an increasing momentum in PVR INOX and Along with this increasing momentum PVR INOX has also closed above a crucial resistance on Thursday, breaking out of a range between 1350 and 1400. This stock has been in this range for a period of 1 month, therefore its breakout indicates a good rally. Defintely buy PVRINOX for short term move. Entry...
It has crossed the last resistance and moving to the new once get volume in that zone to push the price.
Rsi at 30, Price at 50d moving average, Fib retracement at 11.9, Targets acc. to fib are 17.4 & 22.9. TECHNICALS INDICATE BUY.
USD/JPY technical analysis The above-estimated CPI print saw USD/JPY fall ~20 pips, which is by no means a particularly big move. But it has helped the pair retrace further from its highs as we head closer towards the key US PCE inflation report later this week. Technically, I am now seeking evidence of a swing low for a potential swing trade long on the 1-hour...
Hindustan copper has broke out cup pattern neck line 198, which gives first target of 320. On the bigger time frame it will completing a cup or box pattern of more than 11 year. If it manages to close above 320 then it will be breaking its 11 year high, which can give target of 600. This is for educational purpose.
I think after long time underperformed, it's try to bottoming out process Personally I m not trade this commodity
XAUUSD Potential Sell with an expected RR of 2.5 Confluences are on the chart, hold till comfortable.
This is the perfect example of a long downfall now upward trained start and successfully higher bottom keep making Until higher bottom Keep phone ride on the On the stock really other technicals also Positive shouting towards this trade change momentum built RSI strong quarterly revenue also support
Namaste! Any stock can not sustain it's bullish behaviour, without a correction. Reliance has to correct, before going up again. It is the proved nature of markets. Why selling any stock is a good idea. 1. To buy it back at a lower prices, 2. To full-fill urgent needs of money, 3. To let the weak hands enjoy the euphoria and not to stay in the markets when...
Namaste! I have been tracking DJI (Dow Jones Industrial Average) for quite a while. The bear market is defined as 20% correction in benchmark indices from the all time highs. SPX (S&P 500) has fell into bear market twice (2nd after retracement), it closed below 20% line on daily as well as weekly candles . But it did recovered from those levels until recently, ...
Namaste! US Markets substantially affect global market and their indices. There are two main indices which I track most often. DJI (Dow Jones) and SPX (S&P 500). I expect it to be in a downfall in the coming weeks/months. I follow a rule of thumb for a reversal (respecting support or resistance) is that it must close below low of the resistance testing candle...
Namaste! In this article, I am sharing my understanding of the following subjects. Please correct me if I am wrong in any of the mentioned things. 1. Book value is a value of total assets over total liabilities. Means, Total Assets - Total Liabilities. 2. Meaning, the amount available to the shareholders (per share) whenever the company goes into...
Cant Miss this Breakout !!! Look Closely Counter is breaking multiyear High of Nov 2007 and Oct2017. Forming a Double Bottom as well in this Process. The Oil & Gas Index has also given a monthly Demand Zone Pull and the Index itself is moving +500 Points. This is supporting my logic Should go a Long way if the breakout above 445 sustains. Take entry at CMP...
it is in a down trend its recent price behaviour suggest after a one big move upward it starts consolidating and make range which eventually gives breakdown towards downside
Namaste! Adani group is in a bubble, if I consider the following points. 1. Rs 400 to Rs 4000 in a matter of 2 years. This isn't a behaviour of a large-cap stock. 2. The Adani group companies have borrowed hugely. Just look at the debt to equity ratio of Adani companies:- Adani Enterprises: 1.31 Adani Ports: 1.04 Adani Transmissions: 3.16 Adani Total Gas:...
NSE:CNXPSE seems to have completed Wave 3. Shall consolidate in wave 4 correction. PSE stocks are overcrowded bus. Time to offload late passengers.
overoll trend is up its recent history suggest buying on forming inverted head and shoulder type of patttern as per shown in chart so here is the plan