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GBPUSD rebound approaches key upside hurdle on BoE DayGBPUSD picks up bids to extend the previous day’s rebound from an eight-month-old ascending support line as the Cable traders await the Bank of England (BoE) monetary policy decision on Thursday. While recovering from the stated support line, the Pound Sterling respects the upward-sloping RSI (14) line and the bullish MACD signals, which in turn suggests the quote’s further upside. However, a falling resistance line from mid-July, close to 1.2220 by the press time, guards the immediate upside of the pair. It’s worth noting that a clear upside break of 1.2220 will allow the bulls to challenge the previous monthly high of around 1.2340 but a convergence of the 100-day and 200-day Exponential Moving Average (EMA), currently near 1.2400, will be a tough nut to crack for the buyers afterward. On the contrary, the GBPUSD pullback needs validation from the aforementioned support line and 78.8% Fibonacci retracement of March-July upside, close to 1.2080. Following that, October’s bottom of around 1.2035 and the 1.2000 threshold will test the Cable bears before giving them control. In that case, the yearly low marked in March around 1.1800 will be in the spotlight. To sum up, a GBPUSD rebound appears imminent but the BoE’s likely dovish halt and stated EMA confluence prod the bullish bias.
by MTradingGlobal
DATA TRADING WITH SIMPLE LANGUAGE 👑💸👑Royal Trend👑 what is data trading ? DATA-Trading is like a GPS system while you navigate the treacherous Ups and Downs of the markets. DATA is your guide to gain knowledge and make better decisions in the markets. Topic Trading Things Topic - Option Trade and Trading 💸💸💸💸👑🤑 #If u Buy stock without stop loss that mean U are weak in Physiology #Train Your self To take small trade with Stop-loss How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTY1!Education
by Optionclub
Clear All Technical Concept For Option👑👑Royal Trend👑 what is data trading ? DATA-Trading is like a GPS system while you navigate the treacherous Ups and Downs of the markets. DATA is your guide to gain knowledge and make better decisions in the markets. Topic Trading Things Topic - Option Trade and Trading 💸💸💸💸👑🤑 #If u Buy stock without stop loss that mean U are weak in Physiology #Train Your self To take small trade with Stop-loss How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:ATGLEducation
by Optionclub
2
DATA TRADING PART 2 BY PROFESSION'S 👑👑Royal Trend👑 what is data trading ? DATA-Trading is like a GPS system while you navigate the treacherous Ups and Downs of the markets. DATA is your guide to gain knowledge and make better decisions in the markets. Topic Trading Things Topic - Option Trade and Trading 💸💸💸💸👑🤑 #If u Buy stock without stop loss that mean U are weak in Physiology #Train Your self To take small trade with Stop-loss How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
📊 Forex Currency Technical Analysis - XAUUSD 📈📉Currency Pair: XAUUSD ( GOLD ) Time Frame: 1 DAILY TF Analysis Summary: 📝 As per the 1-day timeframe (1D) for Gold spot, it indicates an uptrend. The Relative Strength Index (RSI) stands at 62.63, supporting the notion of an uptrend. The day's trading range for XAU/USD is between 1964.41 and 1981.64. The moving average suggests a strong buy signal. However, it's worth noting that some technical indicators are in contrast to the moving average, indicating a potential strong sell signal. Key Technical Indicators: 📈📉 Moving Averages: MA5 : 1969 (S) | 1963 (E) MA10 : 1936 (S) | 1938 (E) MA20 : 1889 (S) | 1919 (E) MA50 : 1922 (S) | 1912 (E) MA100 : 1922 (S) | 1918 (E) Relative Strength Index (RSI): RSI value is 68.223 and it is in BUY zone Support and Resistance Levels: 1964.96 & 1978.40 Chart Patterns: THREE INSIDE DOWN : Bearish Reversal ( Indication ), High ( Reliabilty),This pattern is a more reliable addition to the standard Harami pattern. A bearish Harami pattern occurs in the first two candles. The third candle is a black one with a lower close than the second. The third candlestick is confirmation of the bearish trend reversal (Description). THREE INSIDE UP : Bearish reversal ( Indication ), MEDIUM ( Reliabilty ), During an uptrend, the market builds strength on a long white candlestick and gaps up on the second candlestick. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows erosion of confidence in the current trend. Confirmation of a trend reversal would be a lower open on the next candle ( Description ). Price Analysis: 📈📉 The current market price of XAU/USD is $1,975, and it is indicating an uptrend. This upward movement is supported by technical indicators such as the RSI, moving averages (MA), and ATR (Average True Range), all of which are showing positive trends. Trade Recommendations: 📊📈 Consider taking a long position if the price breaks above the resistance level of 1978, with confirmation from the RSI. Educational Purpose This information is for educational purposes only, and you should conduct your research and consider seeking advice from financial professionals when making real investment decisions.
OANDA:XAUUSDLong
by tradewith_ritik
Gold buyers approach $1,990 resistance amid overbought RSIGold Price rises to the highest level in three months on early Friday, rising for the fourth consecutive day, amid a softer US Dollar and mixed sentiment. That said, the Greenback dropped heavily on Thursday after Fed Chair Jerome Powell signaled no rate change in the short term. It’s worth noting that the XAUUSD’s successful break of the 200-day SMA and previous resistance line stretched from May added strength to the bullion’s run-up earlier in the week. With this, the precious metal is all set to poke a three-month-old horizontal resistance region surrounding $1,990. However, the quote’s upside past $1,990 appears difficult as the RSI (14) line hovers within the overbought region, suggesting a pullback in the prices. Even if the bulls manage to cross the $1,990 hurdle, the $2,000 psychological magnet will act as an additional upside filter before giving control to the Gold buyers. Alternatively, the 200-day SMA and the multi-month-old resistance-turned-support line, respectively near $1,930 and $1,905, appear as short-term key supports to watch for Gold sellers during the price reversal. Following that, the $1,900 round figure and August month’s low of around $1,885 will act as the final defense of the XAUUSD buyers ahead of directing the commodity prices to the 61.8% Fibonacci retracement of November 2022 to May 2023 upside, close to $1,842. In a case where the bears keep the reins past $1,842, the monthly low of near $1,810 and the $1,800 threshold will be on their radar. To sum up, Gold price is likely to remain sturdy unless it breaks $1,905. However, the metal’s pullback appears overdue.
OANDA:XAUUSD
by MTradingGlobal
How to make Big Profit💸 With Small Account👑🤑💸By Big Bulls💸👑Royal Trend👑 Topic Trading Things How to make Big Profit💸 With Small Account In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:HDFCBANKEducation
by Optionclub
1
Types of Professional Traders🤑💸💸💸🤑👑Royal Trend👑 Topic Trading Things In this video we try to understand Types of Professional Traders🤑💸💸💸🤑 How market really work with number's How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. Technical trader ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:BANKNIFTYEducation
by Optionclub
1
Gold price recovery remains elusive below $1,880Gold recovers from a seven-month-old amid an oversold RSI (14) and failure to break the weekly horizontal support surrounding $1,815. However, the 21-SMA upside hurdle surrounding $1,830 and the one-week-long descending resistance line of around $1,840 restrict the short-term upside of the Gold price. It’s worth noting that the XAUUSD remains on the bear’s radar unless it breaks a downward-sloping support-turned-resistance line from late June, close to $1,880 by the press time. Following that, a quick run-up to the $1,900 round figure can’t be ruled out. Meanwhile, a downside break of the weekly support of around $1,815 will have to confront a slew of technical supports and oversold RSI (14) before allowing the Gold bears to visit the $1,800 round figure. Should the XAUUSD remain bearish past $1,800, a one-week-old descending support line of near $1,782 and the late November 2022 low of around $1,730 will be in the spotlight. Overall, Gold bears take a breather after the previous day’s disappointing US data, as well as consolidate the latest losses ahead of Friday’s key US jobs report. However, the XAUUSD is not out of the woods yet, at least below $1,880. Hence, the latest bounce can be considered as a selling opportunity.
OANDA:XAUUSD
by MTradingGlobal
Indraprastha Gas: Breakdown or potential rise ?Hello guys I am back with another Interesting Analysis. This time we will discuss about Indraprastha Gas Ltd. in a very easy to understand and end of the section I will reveal my personal opinion on this stock. Current Chart Pattern: Currently, the stock is in an uptrend, following an ascending parallel channel pattern. When we examine the daily timeframe, it's evident that the stock has been consolidating within this pattern for the past 1.5 years. Previous Price movement: Looking at the weekly timeframe, the stock was previously moving in a rising wedge pattern. However, in 2021, it experienced a breakdown and underwent a correction of 50%. Current price movement. >>Since that decline, it has initiated an uptrend movement while forming the current channel pattern. >>Recently, the stock experienced a 15% decline again from its peak and moved outside of its parallel channel pattern. My Commentary on "will it fall or Rise". So, When we look at how this stock behaved in the past, we see that after big drops, it often bounced back strongly. This time, the stock has fallen below its usual support area, which seems like a normal pullback. Interestingly, it found support at Fibonacci S3 (420 level) and started rising again. Now, Looking at its Financial data everything looks great, The company is currently undergoing its highest-ever sales and profits. To cut the Long story short, I'm still positive about this stock, considering this level as good opportunity. But when it comes to entry it is better to wait for a strong confirmation. Ideal entry would be when it breaks the 450 level with comparatively big green engulfing candle, we can take a small stop loss at 415 level to capture atleast 25%. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Note: This is for informational purposes only. Do your own research before investing.
NSE:IGL
by BullishLine
Is IRCTC ready to burst ?Hello, guys. I hope you are doing well. Today, we will take a deep dive into IRCTC. Please read until the end to gain a complete understanding of this stock and its potentiality. The chart is self-explanatory, so we will keep the technical analysis brief. The stock had been consolidating in a descending triangle pattern for the past two years. After a really big move It has corrected by 50%. Recently, it broke out of this pattern and has started forming a new ascending triangle pattern, indicating a potential upcoming breakout. Fundamental:- In terms of fundamentals, it's needless to say that it is a government owned company, authorized exclusively by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and on trains in India. Revenue Breakout As per 2022 data:- Internet Ticketing: Approximately 54% Catering: Approximately 27% Railneer (Packaged Drinking Water): Approximately 9% Tourism: Approximately 8% State Teerth: Approximately 2% Future Planes:- >>Company plans to enter the budget hotel service industry. >>Company intends to establish an e-marketplace offering services such as bill payment, recharges, and other third-party services, including online insurance purchases. >>The company has plans to explore segments such as Helicopter Travel and medical tourism. >>The company also plans to expand its non-rail based tourism offerings, including corporate travel business, cruise packages, river packages, and air ticket services. Financials:- >>The company is almost debt-free. >>It's anticipated that the company will perform well in the upcoming quarter. >>Over the last 5 years, the company has consistently achieved a strong profit growth of 34.9% annually. >>The company has a solid track record of return on equity (ROE) with a 3-year ROE of 34.6%. >>The company has consistently maintained a healthy dividend payout of 43.0%. >>FII, DII holdings are still increasing. Key Risks:- I have mentioned all the positive aspects of the company, but there are some key risks associated with the company that you should be aware of: 1.The company is government-owned, which means it can be highly sensitive to both positive and negative news. Any adverse news can lead to a significant decline in its stock price. 2.This stock also experienced price manipulation in 2021. 3. If any pandemic situation comes it can experience a substantial correction. My commentary:- We have recently observed that railway-based companies have started to gain momentum. Now, the question is, will IRCTC follow the same? My answer would be that it's possible because if the price breaks the recent pattern with strong volume, then it can potentially make a significant move. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Note: This is for informational purposes only. Do your own research before investing.
NSE:IRCTC
by BullishLine
4
Long bet in West Coast Paper Mills.Financial highlights. Over the past five years, the company has achieved an impressive compound annual growth rate (CAGR) of 33.9% in terms of its profit. Company has a good return on capital employed (ROCE) of 61.5 %. Stock has negligible debt to equity of 0.09. /list Technicals. Currently price is at somewhere between support and resistance level of the trend line, some position can be made either it gives a breakout, or it comes back to support. My commentary West Coast Paper Mills Ltd is one of the oldest and the largest producers of paper for printing, writing, and packaging in India. Paper consumption expenditure is expected to double from $1.5 trillion in 2020 to $3 trillion by 2030.(Source: The Hindu). We can long on this, if it falls as it is more likely to happen, more quantity can be added. This is only for an educational purpose, Don't take it as a trade calls. I am not a Sebi registered
NSE:WSTCSTPAPRLong
by BullishLine
1
Why am i Bullish in KPR MILL ? Technical. *Entry can be initiated if it is closing above 650 level for the day, As it is very close to give multipattern Breakout. Targets: - 1. 695 2. 765 Stoploss: - 610 Fundamental. *Stock has given good profit growth of 23.0% CAGR over last 5 years. *company has increased its net profit from 33cr to 815cr YOY basic in just 10 years. *Stock is available at 27 PE ratio, which indicates consistence growth. MY commentary It is one of India’s largest knitted garment manufacturers with total capacity of 157 million pieces. Two major capex projects worth 750 crore towards garmenting ( 250 crore) and ethanol facility ( 500 crore) expected to be ramped up in FY23E. Recent FTA with Australia to benefit KPR as the region contributes 11% to sales.
NSE:KPRMILLLong
by BullishLine
2