you have not missed anything yet! Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
One last high seems pending from here. Target gap fill.. Buy on Monday, keep the lower low of Friday & Monday as SL
Price Action Analysis: Price action had formed a Bullish Single Key Reversal Price Bar at the end of last week. This week price surpassed the previous week high and made a high at 22440 and finally closed at 21679 below the previous week close at 21754. Currently price is trading below the Seasonality level of 21763. The current price action on a daily chart...
Likely to remain range bound between 317 to 410 for some time unless external trigger propels it to the next orbit.
In down move may find short term support at 1765, depending on the time of entry, resistance will range from 2000-2030
Returned from resistance on Thursday.Support is at 1313.If it breaks out this resistance, it will have a free run
Immediate support 5550, If it breaks in 15 days, the next solid support at 4500. Year end target is 7800.
Support 96, target 144. Bullishness to be seen is more likely for the recent break away from the bearish umbrella.
In a bearish frenzy SBI may revisit 170, which would be a little surprise, more expected move will be closing above 201.5 on Monday. We will wait.
Immediate support is seen and up move may resume . If the support breaks, the next strong support will be at 525, in bullish move target will be 760
TARGET = 50,700 Clear Trendline and soon it will break Gold Price Will be more DOWN once Covid-19 vaccines comes out fully . Have a selling mindset in gold even after vaccines comes to INDIA .
if sustain at 195 then it will went 205
Support is likely to come either at 325, or if does it not hold then 300. Once it turns bullish, 425 will be the next target
might hit 174 if do not go below 136! Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
While there is a possibility that it may go down up to 338 in short term, there is a support nearby which may hold the downfall at CMP or today's low and by 17th August we may see a level of 417. If it happens so, it may turn bullish there after.