AUDUSD prints the first daily gain in three while bouncing off the lowest level since mid-November after the Reserve Bank of Australia (RBA) kept the benchmark rates unchanged. The corrective bounce also justified the RSI (14) line’s rebound from the oversold territory. However, the bearish MACD signals and the previous week’s confirmation of the...
#Nifty Good morning, friends! Here are the directions for February 6th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to a slightly gap-up start, as indicated by Giftnifty showing a +20. Nifty has had a reddish sentiment in the past two...
Hello Traders, i have brought another analysis on a pattern breakout which called (Rectangle Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:- Q:- What is Rectangle Pattern and How to Use...
NSE:AARVEEDEN Aarvee Denims & Exports Ltd. engages in the manufacture and sale of denim and non-denim Fabrics. It operates through Textile and Windmill segments. The company was founded on March 28, 1988, and is headquartered in Ahmedabad, India. Technical View Trading in a tight trading range on the weekly chart. and Also above - 200 ema Formed a horizontal...
I daily make educational content videos for swing / positional trading
Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Fundamentals: Institutional Trust: A significant holding by Domestic Institutional Investors (DIIs) compared to Foreign...
Introduction:- We have seen an amazing bull run in global markets including our Indian markets in the past 3 years. Many investors have been able to gain multibagger returns from this bull run. However, we all must understand that like every coin has 2 sides, every bull run has few stocks which are either under performing(like our beloved HDFC Bank) or are part...
Hello, Here i will be talking about the process for picking up the stocks based upon the Relative Strength. As this is known to everyone but only few are getting benefitted by applying it in real trading. Most of the gains are made with the stocks having greater RSI. If RSI having > 75 those are the ones which create maximum wealth in Short time. Now, Question...
Key Points: LIC is currently trading at ₹906, near its IPO price of ₹906. A breakout above ₹906 could signal a bullish move. A pullback to ₹728 could offer a good entry point for long positions. Technical Analysis: The stock is testing a key resistance level. A breakout would confirm a bullish trend reversal. Volume is increasing, indicating...
"Rahul's Redemption: Overcoming the Pitfalls of Overtrading" Once upon a time, in the bustling city of Mumbai, there lived a man named Rahul. Passionate about trading, Rahul was determined to make a fortune in the stock market. However, as the saying goes, "Too much of a good thing can be bad," Rahul found himself entangled in the web of overtrading. Rahul's...
Symmetrical Triangle Pattern + Strong Relative strength + Resisting the fall in Weak market + Trading above Key EMAs + Please go through the Chart for more explanation + Getting ready for New All time High
Analysis for educational purposes only. I am not a registered analyst. A Higher High Higher Low structure on price action is considered as an uptrend. - In the daily chart, we see a breakout of previous Higher High. - Wait for Higher High retest and enter somewhere close to it. - Cannot expect a stock to test the exact same value. - Set SL as previous HL or in...
📌SOLARINDS Chart Explained (Case Study) ✅Volatility Contraction Pattern + Trading above Key EMAs + Volume and Volatility contraction + need to wait for the BO
odrej Properties has been bearish from 2021-10-14, As seen from wave structure it looks in primary wave 2] and may have completed its correction near 1133 level. We are assuming ABC of correction has been finalized and it has started an impulsive move towards its all time high. The 1133 will be an invalidation point for this impulsive move. Long can be initiated...
In the monthly chart, on the left-hand side, it can be observed that 2017 highs acted as a strong resistance. But once this level was taken out, it started acting as a support in 2022. Holding the very basic idea that a resistance once taken out, start acting as a support. You would observe this concept several times on this chart. On the right-hand side, we can...
CRYPTOCAP:BTC Power of 2 in action Bullish Rectangle + Continuation Bullish Rectangle spotted during this strong uptrend, signaling a potential continuation! What to watch for: ✅ Bullish Rectangle Formation ✅ Breakout to the Upside 🔃 Continuation to FWB:52K Let's follow the Power! #Bitcoin
Over the past decade the interest rate differential between US and India has been constantly going down. This has largely been due to stronger fiscal position of India and also gradual weakening of US Public Finances. This has led to the Rupee becoming more stable against the Greenback, thereby reducing the rate of inflation in India. Further, this has resulted...
Price has a habit of repeating historical pattern, as patterns are nothing but psychology of thousands of traders watching same charts. Nifty currently is showing very similar price pattern on daily timeframe which it developed in 2015-16, where previously it made a top and then was facing a resistance on falling trendline and sort of made triple/multiple tops. It...