bank nifty may have made a bearish bat.. Can sell near top for diff fibo level targets.. most probably .38
The world gold price stood at $1,919, down $6 from the same hour last morning. Precious metals are experiencing a brief technical sell-off amid a lack of supportive information. In addition, the USD and bond yields continued to increase, putting pressure on gold. In the short term, gold continues to be under downward pressure. Even so, gold has strong support at...
World gold prices this morning increased slightly in the context of the market waiting for further data from the US economy to guide prices. It is expected that the August Consumer Price Index Report will be published on September 13. The gold market is under technical selling pressure due to a lack of price increase motivation. Recent negative information about...
NSEIX:NIFTY1! NIFTY FUTURES trading at ATH level. possible nagtive signal at 4 hr TF if we get this 4 hr candle in deep red and next one opens below and starts moving towards support, we might break it this time.
A double-bottom setup is spotted on the charts. All levels are mentioned on the charts. A small bounce-back is anticipated until the support around 4450 is not broken. Only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
The stock has come down to the support area as shown on the charts. May reverse from here itself or may come down to even 600 levels. Keep tracking for a comfortable entry so that your stop-loss should be humble. We should learn to hunt like a tiger. Show extreme patience. Take time to identify the trade to make a perfect entry. So that our target may not...
As shown on the charts, the stock has been forming a rising wedge pattern for quite some time. This time, trading at the lower levels. if bounces, may be bullish for some time. MACD also shows a possible crossover. The Setup fails if sustains below 4140 for two days. The important thing at this point is a good risk-reward ratio. Only for learning and sharing...
The stock has taken support at the shown trendline third time in the last year. If bounces back again, it can be a good opportunity with a good risk-reward setup. If goes bullish, humble targets may be 2350/2470. Sustaining below 2130 will weaken the strength. Only for learning and sharing purposes, not a bit of trading advice in any form. All the best.
The range in gold futures on Wednesday, Thursday, and Friday of last week was tepid with a defined intraday high on all three days at approximately $1950 to $1955. Yesterday's report which revealed a softening of job openings resulted in a surge in moving gold of approximately $20, today gold had a fractional gain when compared to yesterday of approximately...
According to the report the core PCE price index (excluding food and energy) rose from 4.1% to 4.2% annually. Although prices continue to rise American consumers increased their spending by 0.8% in July although personal income only gained 0.2%. The core PCE rose 0.2% month over month and weekly jobless claims fell to 228,000 down 4000. Today the Labor Department...
The chart shows that the stock is trading in a triangular pattern for the last few days. Also, a rising parallel channel is formed in recent times. Considering the price of 102-100 as the last support, we can anticipate an upside move up to 135 around. Only for learning and sharing purposes, not a bit of trading advice in any form. All the best.
It is clear from the charts that the stock is trading in a parallel channel. yesterday's price was rejected from the upper resistance. if the pattern continues, it should come down to the indicated levels. The logic behind entering here is a good risk-reward ratio at the moment. Only for learning and sharing purposes, not a piece of trading advice in any form....
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Gold prices continue to increase today as newly released data shows that the labor market is showing signs of cooling and the US economy is slowing down. Specifically, the report on gross domestic product in the second quarter of the US Bureau of Economic Analysis showed that the economy grew by 2.1%, lower than expected. Analysts are now closely watching the...
This morning, the price of gold decreased due to a speech by Jerome Powell, the Chairman of the Federal Reserve (Fed), at the annual banking conference. Powell announced that the Fed will continue its tight monetary policy until inflation reaches 2%. This is understandable as the US Consumer Price Index (CPI) has increased from 3% in June to 3.2% in July....
📊 Pattern: Rising Channel 📌 Symbol/Asset: Power Grid Corporation 🔍 Description: Stock is on daily strong support and the Probability of bounce back is high. 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work