The downtrend in the daily timeframe. So gone for sell after the retracement in lower timeframe.
Spot gold is currently trading in upper sloping channel. Also there is very important trendline resistance at $1847 which also coincides with 61.8 retracement. Hence spot Gold can be extremely bullish on a break of $1847
1. ITC retraced at the 38.2% fibbonaci levels. 2. Looks good for 240
On weekly chart Shaktipump Triangle Breakout Fibonacci level breakout & Presence of Doji and Bearish Engulfing candle Please comment your view !!! No Trade Suggestions !!! Thank you
1. Price has taken good support from 62.50 levels 2. After a pullback of ~ 38%. bulls have taken back the control which was clearly visible after the price broke out above the trendline with over an average volumes (in 4h + 1d time frame). 3. With PSU bank taking control of bank nifty, these mid PSU banks can also perform well.
SBI countinue falls and hit the ground to bounce back and using a uptrend by taking support on fibonacci levels as well as by giving respect to trend range. If SBI crosses/sustain the half retracement, It will definety take a Long Position and touches the sky of @425
Three white soldiers formed on weekly chart. Dip towards 75-73 long opportunity 5th wave expected to be extended reaching anywhere between 1 to 1.618 levels. If channel drawn on iii and iv gets broken aim for 1.382-1.618 levels. Other details on chart DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the...
Trendline breakout No Trade Suggestion
The daily and weekly shows that the NZDJPY is in a strong uptrend. Going down to a lower time frame the market is in a correction of the uptrend and also using fib retracement the market has exactly taken 61.8% retracement and started to move up.
EURUSD is in a strong uptrend in the daily timeframe and came down for a deeper correction. Going down to the lower timeframe the market has shifted from a bearish market to a bullish market. That is the reason we are in this trade.
Next support is visible at 3520 levels, look for shorting opportunities and see if it holds 0.382 levels or breaksdown further
Nifty came down in Zig Zag wave with C wave reaching 14650. This is important support near trend line, interestingly that is near 0.618 Fibonacci level Until 14782 gets broken there is no upside confirmation. Once breaks will attempt new high as 1.618 Fibonacci extension above 15550+ or minimum 15210+ Bearish below 14460 so 14782-14460 is no trading...
Cadila goof breakout seen. Expected to hit fibo 0.236 level.
disclaimer:NOT SEBI registered. Charts produced here are for personal reference only and not any recommendations.
BANKINDIA EQUITY levels ...14/05/2021 (D candle)
AMARAJ BAT. EQUITY levels ...14/05/2021 (D candle)
COROMANDEL EQUITY levels ...14/05/2021 (D candle)
Dabur Ltd script has moving in Ascending Parallel Channel. The script has touched the Channel Resistance and Moved back to Channel Support and then it was Moving to the resistance level. The script was in the bottom of the channel region. Hence, we can go for Long. Buy - 520-525 SL - 517 Target - 570