In this weekly chart wave (a or i) is completed at 137 and wave (b or ii) may be completed at 98 and (c or iii) is already started which can take this stock to 151-163-183 in coming months...
As we can see the gj is on the crucial support but if you see in left there is a reactive zone of lvl 188.261 and we can see a retracement form that lv please wait till that close close below that lv otherwise do not take teh trade os sells below that lvl
As we can see th egold is on all time high so I has to wait till gold break the lvl of 2163.837 after that i took the trade and you always look for teh 30 min closing i managed to take 60 pips 🤞❤️
As we can see gold on all time high so we should not rush it because if you see daily time frame of gold we can see that there is a chance for a good pull back so be wise remember its easy plase follw risk management only guys
We can not buy utill we breaak the 4 hour resistance lvl 2041 because this is the key lv for retarcement here be patient guys and what other apir or stock you want me to analysis ?
As i mention ealier I said to execute the trade after the candle close above teh lv 2008.075 and it happened so We executed teh tarde and boom as i said earlier analysis It will reach 2012 zone for sure and that happened guy follow to understand the trading zone you can see i have one thing common the zones you will learn them eventually if you follow me
As you can see there was a nasty move by gold sudden drop buyt as you can see the 50 sma (red line) the candle get support from that sma and again going for the new lvl or will create a strong consolidation we can guess because in teh end of the day this is probability especially when there is a new came out so I cought 41 pips and make some profit happy friday...
angel broking long reason below.
hope you learn something.
please comment your views guys.
Reason to bet on this.
1. bullish rectangle.
2. profit booking.
3. business type great
because there is no loss because
it is a broking firm.
4. Future of stock market in India is awesome.
so don't worry you can rely on it for swing trade
as well as short term...
