Here's the daily chart of the MCX mentha oil. Right now, it's moving between the Dynamic resistance and support trendline. It's trying to cross the Moving average. If consecutive candles cross the moving average downside, it will hit the support trendline by crossing 956 - 946 .
But RSI crossing is indicating an uptrend. And ADX is greater than 25, Which shows...
Here's the daily chart of the MCX SILVER. It started to rise from the 18th of March 2020. But currently, it's moving downside. It's a short time fall. After the particular level, it will start to move upside again. It may fall up to the support. And from that point, there will be a reversal in the trend. Targets for the future upside movement of the trend are the...
USD/JPY started to fall from the 20th February of 2020. Right now, it's trying to reach 102.540 . It has to cross 103.300 - 102.900 to hit 102.540 .
After crossing the 102.540, The trend will march to touch 101.200 . But if it starts to rise by breaking the resistance, then it will hit 104.740 - 105.300 .
SBI made the bullish Elliott wave on the time frame. And completed 4 waves. The 5th wave and ABC correction are remaining. The expected completion of the 5th wave is 295.35 , and it is 61.8% of 1+3.
So, it has to cross 283.30 - 290 .10 to reach 295.35 . And if the trend crosses this, too.
After that, it will fall for a short time to make the A of the ABC...
Tata Motor made the Elliott wave on the 4h time frame. The Elliott wave pattern started on the 24th of September 2020. And made the 4 waves, and the fifth wave is remaining. It has to cross 190 - 200 to complete the 5th wave.
The Yes bank is currently moving sideways by taking the support of 50% retracement of Fibonacci. ADX is less than 25 , which indicates a fall, but +DI is above -DI means uptrend. I have applied the moving average, which shows the fall, too.
If the trend falls and crosses 17.60 , then the targets are following 17.30 - 17.00 - 16.70 - 15.40 . And if yes bank...
Here's the U.S. Dollar Index 4hr chart. It's all over a downtrend, and it's moving between the resistance and the support lines. It will fall to reach 90.10 by crossing 90.20 - 90.13 . After that, if the trend crosse 90.10 , then it will hit 87.50 .
But if the trend takes reversal by breaking the resistance, then it will reach the following levels 90.79 - 91.39 .
Here's a 15m chart of NIFTY. Currently, it's moving upward. +DI is above -DI, and ADX is 27 means 27>25 that shows an uptrend.
If the trend moves upward by crossing the 13550 , then the first target will be 13600 , and then if consecutive candles break the control price upwards, the next target for uptrend will be 13760 . But if it does not break the level of...
Nifty has touched the dynamic resistance (DR) level and started declining. At present, RSI is under 50 level. It's a sign of a downtrend.
Moreover, according to Elliott Wave theory, Nifty will stop climbing soon. And ABC correction will initiate from here.
Targets: 12460 - 12000 and below
Note: Selling pressure will come after a breakout of the support...
From recent trading sessions, Mahindra & Mahindra (M&M) has started falling. It can drop up to the support line or 712 - 700 levels before further advance.
Overall, M&M is strongly bullish. It will start marching for the targets of 760 - 800 soon.
Price made a huge drop yesterday, and now looks like it’s holding off the 1860 support level, could we see price complete this descending triangle pattern or will we see a continued break and a new trend? Watch out for price action confirmations of both at either the support level or resistive trend line
BUY XAUUSD @ 1876
BTC/USD has completed the bearish crab pattern. As per the rules of the crab pattern, the trend of BTC/USD started to fall because it's a bearish crab. But it's suggested to sell near the D point. It will fall up to the targets 12972.35 - 12087.10 - 11465.31 . But as it's crab pattern, there is a possibility of a pullback. If it starts to rise, DO NOT SELL .
This trend of TATAMOTORS made the Elliott wave pattern . After the fifth wave, there is a symmetrical triangle. If there is a breakdown of a lower line of the symmetrical triangle, the target will be 120.60 . But if the consecutive candles cross the upper line of the same triangle, the target will be 153.60 .
In the Elliott wave pattern, 2nd wave is 100%...
Here EUR/USD trying to escape from the parallel channel. I think it would start marching upward soon from the support area of the Box pattern. Its trend is reversing, so day traders can sell now for the levels of 1.1706 - 1.1696 . And a breakdown of 1.1690 is a direct signal for a continuous downtrend that can be for 1.1666 - 1.1636 .
Downtrend initiator: ...
In the previous week, bank nifty has lost 422.35 rupees. A runaway gap of bank nifty was 369.65 rupees on the last Monday. Overall, it seems bullish ahead. We may see at 25000 to 25500 soon. But this is an alternative scenario .
According to this chart, the harmonic bearish butterfly pattern says bank nifty will start falling from here for the following...