Key levels: Support: 127, 110 Resistance: 154, 170 Key Description: The stock has a moderate Market Cap of ₹809 Cr. with a current price of ₹146. It exhibits a relatively low P/E ratio of 16.6, indicating potential undervaluation compared to the industry average P/E of 41.8. The stock's book value is ₹101, and the Price to Book Value ratio is...
Hello dear friends! Therefore, after BTCUSD surged to $45,800, the price began to adjust itself, and at the time of writing, it is trading steadily around $43,300. From the analysis chart, we can see that the upward trend, although not as strong as before, is still intact. BTCUSDT is currently aiming to test around the Fibonacci 0.618 level. Once again, we can...
"Here are the directions for January 8th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -5. I've mentioned a range market structure, so if it undergoes correction, we can expect a minimum of a...
"Here are the directions for January 8th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -5. I've mentioned a range market structure, so if it undergoes correction, we can expect a minimum of a...
"Here are the directions for January 8th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -5. I've mentioned a range market structure, so if it undergoes correction, we can expect a minimum of a...
In general, the main trend of gold in the past week has been a decline, with a decrease of over $40 during the week. However, when looking at the long term on a daily chart, gold still maintains a strong upward trend with a stable ascending trendline. Gold has experienced a week of price decline as a corrective wave, testing the EMA 34 line at $2045 and the...
How do you assess EURUSD? Today, EURUSD is still in a downtrend with sideways movement and is limited below the resistance level of 1.097. Currently, this currency pair is fluctuating around 1.093 and is expected to decrease further due to the increase in US Treasury bond yields, which has been supportive of the US Dollar (USD). The EMA 34 line on short-term...
#Gold Setup For this Week 📊 Time Frame : Daily 📉Strategy : LONG 📆 08.01.2024 As observed, gold formed a significant liquidity gap between 62640-62720 and a second one in just 4 days. The gap created on January 2nd led to a drop in gold prices to 62180. ________________
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
BANKNIFTY Intraday Trade Setup For 08 Jan 2023 Bullish-Above 48400 Invalid-Below 48290 T- 48730 49150 Bearish-Below 47820 Invalid-Above 47930 T- 47370 46900 BANKNIFTY has closed almost on a flat note with minor cut of 0.28% last week. Since last 4 weeks index has been in consolidation mode. Last week was another contraction week where it has formed an inside...
NIFTY Intraday Trade Setup For 08 Jan 2023 Bullish-Above 21750 Invalid-Below 21700 T- 21870 22015 Bearish-Below 21620 Invalid-Above 21670 T- 21477 21290 NIFTY has closed on a flat note last week. It has taken a pause/rest in the leg of 22463-22500. As per ABCD pattern in weekly TF 22400-500 is PRZ. Above 21850 the next round of up move will be triggered again....
Dalmia Bharat's stock is currently on an upward trend, which is a positive sign. The stock has tested the 2420-2430 levels multiple times, indicating that the resistance level at this point is weakening. If the stock continues to move upwards and crosses this level, it has the potential to hit its all-time high. This could be a good opportunity for investors to...
Attempting to break all time high levels by forming inv cup & handle. Abnormal volume spikes are observed. Candle has given a closing above 233 level which was a important supply area, if candle holds this level we can target till all time high & subsequently T1 & T2. Momentum appears high, RSI >70 Note: This is just for analysis purpose, please do your...
Attempting to break a important resistance zone after consolidating for around 2 years. Attempting for a breakout by forming inverted head & shoulder + ascending triangle pattern. High Volume spikes are observed which is required for a strong breakout. Momentum have started building, RSI >65 Note: This is just for analysis purpose, please do your own...
biocon IT is looking good for long term. can give good momentum in coming months
FOR LEARNING PURPOSE CIPLA LTD- I am going to buy this stock. This is a positional trade for me and the minimum time frame for a positional trade is 2 months. The minimum target which I am looking from this stock is 35% This stock is looking great to me and has got good relative strength. Structure looks good.
Clear cut rounding bottom pattern which guranttes you a definite return. It takes time but it gives you more than 50 percent.