Gold revert from our target-1 level 1620 spot levels. It seems in good momentum, so it may test 51350 and 51750 soon on upper side. can long near 50930 with stop loss 50250
Exide Industry may revert from 140 level. It may test 150 and 165 level soon, as it is trading in parallel channel with divergence on indicator.
fibo level 78.6 @ 428-29 breaking this level can lead to targets 432, 439 & above keeping stop of 421 disclaimer - trade @ own risk
Dow jones:- As per chart it is trading in down trend. Now reach to upper most potential resistance Zone 32400-32800. yesterday a inverted hammer candle come which is sign of rejection or reversal. It may be correct quickly 1000-1500 in 2-3 days and also more pain come on chart soon. Nifty and B-nifty also feel pressure from global cues.
Ibrealest At Suport Stock Shall Bonus Back With 15-40% Roi . Follow For More !
In the Previous Nifty Outlook, I mentioned on 13th or 14th Oct, the low will be formed before a good bounce that is expected to be made. Nifty made a low on 13th and gave a huge Gap up on 14th.. And previously the support level were 17081 incase of the gap down of 10th Oct and once if it breaks gradually the next support was 16900. Nifty made huge gap down on ...
- So Wave E high did not get taken out all this while even though, hence Setup still valid - A 5 wave Fall (Wave i) on Hourly Charts can be Counted from Wave E high - A 3 Wave Corrective Rise (Wave ii) in the form of an Expanded Flat retraced 0.618% of the Fall from Wave E high - Price did Wave i and then ii, and now iii on Downside has Started📉 Wave i= Wave iii...
Silver future is near support level 56800-56600. As chart shows. It may give bounce from here 1000-1500 points
This is a 180 Min TF NIFTY chart. By the end of this post we would try to understand the short term trend and the trade setup for the next week. An update on daily basis will be given in the update idea section. - TIME CYCLE: If we study the time cycle starting at 17 June 2022. I have adjusted the cycles at certain TF for better adjustment. We can observe the low...
Hi all 👋 this is my current take on Nifty. ✅Nifty failed to break out of the resistance line, which I have stretched from October 2021 highs, at two occasions, that is in August and September 2022. There was a breakout of the 18000 level but this break failed near April 2022 swing highs. Thereafter, Nifty had a vertical reaction in September. ✅This reaction has...
The weekly chart of Nifty IT shows that it has come near the 50% retracement level. At the same time it shows a positive RSI divergence. This gives rise to chances of a short term upside. Though confirmation is required as per price action.
NSE:GRANULES Stock -> Granules TimeFrame -> Weekly Hello all! Granules has been forming a flag and pole pattern. It finally broke out of the flag in the last week of September with heavy volumes and I believe this generates a good opportunity to go long! There are multiple other factors that strengthen my conviction on going long -The stock is taking support...
NIFTY form H&S pattern on weekly chart. It's neck line is placed at near 17520. On daily Chart negative Divergence also seen. if nifty close below 17520 on weekly basis. it will show more correction up to 500-1000 points after that.
The stock has given a nice break down of the Head and shoulder pattern. The markets are in the negative and the stock has given 40% (approx) returns in 30-35 days time. Stock has broken the neck line of the of the pattern and closed below it. The stock has closed below its 50% Fibonnaci levels. Wait for the stock to retest the price level of the neck line and...
Banknifty Weekly trend analysis trading in channel. showing weakness on chart
U.S DOLLOR CURRENCY INDEX trading on parallel channel. As per analysis it may test 110-111 soon. It is major resistance 110 . There are good chances to cool down after this levels.
After forming double top on 20th Sep, Bank Nifty on hourly time frame is likely to continue its downward trend till its support region of 38500. There is also likelihood of it retracing it 40000 levels and then continue it journey downwards. Rest I think chart is pretty self explanatory.
B-Nifty raised with Negative Divergence if correction take place. it may be deep. Major resistance 40500-40800