GBPUSD retreats from the 11-week-old descending trend line as the traders await the first readings of the Q2 2022 UK GDP. In addition to the trend line hurdle, the 38.2% Fibonacci retracement of the March-July downside, near 1.2345, guards the pair’s immediate upside. Following that, the 100-DMA hurdle surrounding 1.2435 will be in focus. In a case where the quote...
> The global market marks a neutral start. > Market nature is bullish. If the market opens a gap up, the market will continue to the rally. The important point here is that the market should not break the previous day's low (Nifty) (Bank - 38813). > On the other hand, an advancing wave is a supply wave, so watch carefully, if the market experiences a sharp...
CMP: 382 - Closed above 100 EMA - Consolidated for 6 months in a box
STEPN (GMT) Price Prediction 2022 The above chart of STEPN (GMT) laid out an Ascending triangle pattern, The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breakout at the resistance...
Bearish Bat Harmonic Pattern at the tops of 38231. Sell Triggers below 37941 Trading Strategy Traders have to sell once it triggers below 37941 with recent high as stop loss later. Targets 1st Target - 37655 2nd Target - 37522 3rd Target - 37249 Thank You.
ICICI Bank looks bullish and is trading above the 200 day moving average. Can see a upward move to 840-870 in the short to medium term. The neckline of a double bottom pattern at 756 can act as a support, however, if that breaks 733 is the next support zone. If 733 fails to sustain on the downside then a move below 700 is possible. Always plan your trade with...
Hey everyone! 👋 Today we are going to share an informative write-up about the “Cup and Handle” pattern along with a few exhibits that may help you solidify your understanding of this chart pattern. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular...
Discription: Stock Name: VOLTAS Chart Pattern: Bearish Pennant pattern Time Frame: 1 Hour Entry: Reversal @from resistance level Breakdown below -970 Targets: Reversal Target -970 Breakdown Targets -887
The markets saw a rather wonky expiry today. What are your thoughts? Do you feel the bullish bias continues ahead of RBI rate announcement?
Stock Ananlysis -AplApollo. Chart reading and Basic Entry exit.
As visible on charts CNXIT has given a breakout from multiple reversal patterns which are Island Reversal, Double Bottom, Inverse Head & Shoulder. CNXIT has formed double bottom around 26450 along with RSI divergence and finally given its breakout at 28600. The index fell with a gap and also reversed with a gap hence, leaving behind an island and showing an...
The global market is marking a negative start. My opinion is, that it will be a minor correction. Once the minor correction will over, then we will expect the rally continuation. (17200 & 17000) & (37500 & 37000) is a strong OI support.
Price action only to watch. Having buy bias as seen in chart Aggressive entry CMP till moving average. SL - candle close below trend line. (entry 850, SL 840) Conservative entry near next channel bottom and demand zone. SL - below zone. (entry 825, SL 815) In both cases, SL is 10 points. Target 30 points. ---- No trade in case of huge gaps.
Hi This is my first video idea on this website and this is about adding watchlists. I have tried to keep things raw and simple so that everybody understands it. There might be some other methods, of course, for this purpose but this is the one that I prefer to use. This method works in India and I have taken reference lists from the NSE India website. Excuse me...
If you have been in the market for some time, you may have heard of an indicator called the “moving average”. Today we are going to take a deeper look at the indicator, along with a few examples of how pros use it. This post will also lay the groundwork for future posts about more advanced moving average topics. Please remember this is an educational post to...
If the history repeats itself we are in for another big fall in BITCOIN . When BTC came down to it's major support zone , it consolidated and made a Bearish Flag 1. Once the breakdown happened, it fell almost as much as the pole of Flag 1 and made a low of approximately 17500. I have drawn 4 blue lines (Support 1-4) - all supports taken from the weekly chart...
Options (Index & stock) have been double edged sword. In the hands of experienced traders, it has resulted into multi fold growth of capital but at the same time for beginners or new traders, it has been capital killer. Over the last 5 years, I have had opportunity to speak to hundreds of traders most of which have lost their hard earned money by trading options....
Hello Friends, In daily chart of BN there is a possibility of 5000+ points decline. Wave counts and logic behind this is already explained in chart with upside break even point. Kindly do your own research also before taking the trade based on this analysis.