USD/JPY rose to 154.50 during the Asian session on Thursday, from a previous low of 154.00, as the US dollar rebounded from a recent decline and concerns about Japan will likely intervene in the foreign exchange market. The return to growth in risk appetite is supporting the recovery of this currency pair.
MOTHERSON . TF-1W . Target-110, 120, 130 . (Safe players wait for the breakout & pullback at BoS level.) . I am not a SEBI Registered. This analysis is purely for educational purposes only. . If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
TSMC detection of a "falling Wedge" and a "BAT" potential. The price could rise and reach the gap upwards towards 147.25 then higher at 156.11 On the downside the market could go down to 135.92 then to 128.76 and finally to 125.27 Additionally, the RSI is divergent with the stock price § be attentive and monitor the Ichimoku levels
Timeframe: 4-hour ⏰ 🔍 Observing an intriguing D cup pattern emerging in crude oil. The alluring support beckons at 6726. Exciting times ahead! 💃🕺 Selling point at 6860 Target would be 6700 - 6680 (+150 -- +170 points)
Timeframe: 4-hour Entry: Favorable above 149 Targets: 155.5, 162 Stop Loss: 145 Technical Analysis: Natural Gas Storage data is pivotal for price movements, reflecting the market's supply-demand equilibrium. Elevated storage builds may exert bearish pressure, while lower builds or draws could drive prices upward.
22080-22120 is the PRZ area for nifty asper XABCD in hourly timeframe. Higher chances are we may see pullback for the present downside impulsive move. Long confirmation is above 22220 for the targets of 22300/22400. 22500 will act as Resistance for Nifty. Plan your trade accordingly
Update :- 🔸Support at 6811, with a potential move towards the 7000 level for settlement. Long only above 6950-6960. 🔸Crude oil prices declined over 3% due to robust US oil supply & growing demand concerns. 🔸US crude inventories increased by 2.735 million barrels.
As seen on chart, a Harmonic pattern can be recognized. So, assuming a reversal can take place from the given price level, A small risk trade can be taken with a tight SL. Targets are marked on chart.
"Good morning, friends! Here are the directions for April 18th: Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction. On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...
"Good morning, friends! Here are the directions for April 18th: Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction. On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...
Nifty in the last 2-3 sessions has lost 400 points which shows some bearish basis market but it will retrace before another fall. In case of a gap up opening, there will be a sideways expiry for nifty. Otherwise, after a gap down, there will be a recovery or profit booking in positional/swing trades. It trading below the 20 ema (daily) and may come to retest the...
Bearish Gartley pattern forming on 3H chart of AXIS BANK. SELL 1116-1117, SL 1128.1, Target(s) - 1105, 1095. It's been a while since I studied the markets, so let's see how it pans out.
I have analyzed based on waves, candle stick, high & low price. And based on that I am able to project this target(Apple). Tomorrow is the result for Infosys also. Always maintain a SL. Target is 1369 This is for study purpose only.
Maruti is an interesting chart with following 1. RSI on all time frames above 60 2. Stock closed near 52 week high zone 3. Price close within 2 year and 5 year high zone 4. Price Making higher highs for last 3 days 5. ABCD candle on weekly chart with huge green candle and high volume 6. Major Support 10380 - 9800 zone 7. Next Major resistance near 11500...
Jagran Prakashan Ltd. is an interesting chart with following 1. Higher trader and Delivery quantity prev. day close and previous week 2. Stock out performing sectoral index both on 1 week and 3 month 3. Narrowing Bollinger Bands and Price moving on upper Bollinger Bands 4. Three White Soldiers on daily chart 5. ABCD Pattern under formation on weekly chart 6....
Mphasis Ltd. is an interesting chart with following 1. High Trade and Delivery quantity 2. Increasing Relative Strength to bench mark index and sectoral index 3. Close within 52 week high zone + above last month's high 4. Both SRS and ARS above zero 5. RSI on all time frames above 60 6. Narrowing Bollinger Bands on Daily chart 7. Price Moving on upper...
Bharat Electronics Ltd. is an interesting chart with following 1. Close crossing last week's high 2. Crossing above previous high for last three days and making higher highs for last 3 days 3. close within 52 week high zone 4. Stock out performing sectoral index and benchmark index both on daily and weekly time frames 5. Increasing Relative Strength 6. RSI on...