NZDUSD picks up bids inside a weekly trading range that restricts the pair’s move after it dropped below a five-week-old ascending trend line and the 200-SMA. Given the quote’s sustained trading below the previous key supports, as well as the bearish MACD signals and downbeat RSI (14), the pair is likely to witness further downside. That said, the 78.6% Fibonacci...
GODREJPROP is reaching to its immediate resistance and likely to break it so we can expect a decent upside move . Now why I am expecting break out in upside : 1) US market is short term over sold and any short covering will turn FII mood positive in Indian real estate stocks where GODREJPROP is the market leader. 2) Monthly expiry : If stock started travelling...
1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high...
(Short Term) Stock Name: ARVINDFASN. Chart Pattern: Uptrend parallel channel pattern Time Frame: 1d Entry: Reversal From support level Targets: Reversal Target 325+(up to Resistance level)
Discription: Stock Name: GLENMARK. Chart Pattern: Parallel channel pattern Time Frame: 1D Entry: Reversal From support level Targets: Reversal Target 418+ (up to Resistance level)
Fundamental Development: Oil prices fell on Wednesday, taking a breather from a near 4% surge the previous day, on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+. Global benchmark Brent crude futures fell 40 cents, or 0.4%, to $99.82 a barrel, after rising 3.9% on Tuesday. The...
EURUSD dropped to the lowest since late 2002 during the four-day downtrend. The oversold RSI, however, tested the bears afterward around 0.9900. It’s worth noting that the consolidation remains elusive until the quote stays beyond the previous monthly low near 0.9950. Even so, the parity level and a six-week-old horizontal resistance area around 1.0090 could...
Today's gap down opening in banknifty . After opening if it is sustain above 38550 level and then possible upside upto 38950+ level and extend for further 400-500 points in case it starts trading above 39050 level. In case banknifty trade below 38450 level it can go upto 38050 level.
Next week.. Trading method.. .. Buy above 1495... Target 1513..
Nifty looks good at current levels and as expected, volatility has increased at a crucial zone. I would stay long in Nifty as long as it stays above 17,400.
ITC continues to look good and strong in this market. I would not be surprised if the stock doubles in the next 1 year. I would suggest that one can go long without much worry here. Keep a stop loss but enjoy the rally.
Route Mobile has a Doji formation at support levels of 1400. If the stock gives a positive closing this week, then one can look to go long in this stock. Route mobile is a CPaaS provider and is a strong player in its industry.
Apollo Finvest has broken down significantly after the recent results. It ran up before the results and fell even though the results were good. I feel as long as it stays below the slanting trendline, it will continue to remain bearish. Avoid longs here.
Discription: Stock Name: PVR Chart Pattern: uptrend parallel channel pattern Time Frame: 1D Entry: Reversal from Support level Targets: Reversal Target 2295+(Resistance level)
Market down soon wait and entry advance chart 😉 wait and conformation entry
Kopran - Growth Triggers - From Q2, most of the recent CAPEX is coming online. Full impact of the results will be seen in Q3 along with Margin Improvement due to softening of Raw Material prices and it will start trending higher. Panoli site: Commercial production is expected to commence in September 2022 Mahad site: Non-sterile Facility Phase 1 completed by...
F&O Trade BUY BHARATFORG FUT at 735 SL 712 (DCB) TGT 757/780/800++ Try to hedge :)
Discription: Stock Name: BHARATFORG Chart Pattern: Broadening Wedge Pattern Time Frame: 1 Hour Entry: Reversal from support level Targets: Reversal Target 840+ (Resistance level)