MIDCAP NIFTY has formed an inverted Head and Shoulder Pattern at the crucial 10200 Support Zone and is poised for a breakout of 10500 Zone on Monday. A gap-up opening followed by short covering may see a sharp recovery towards 10653 and if it sustains above the Pivot of 10721 may trigger a rally to regain 11000 levels next week itself.
BANKNIFTY has completed the Elliot Triple combo Wave following the January Selloff. We might see an ABC correction wave coming in next two weeks. Important levels as marked.
🌐Timeframe 1 Hour 📅 Date: March 21 📉 Technical Analysis: Crude oil found support at 6724 and rebounded towards resistance levels, indicating resilience despite recent fluctuations. 📊 As per the news, oil prices remained stable despite previous declines, supported by unexpected drops in US oil stocks and concerns over Russian refinery attacks.
After lon consolidation stock is ready for massive breakout Once cross 3780 massive surges 3800 ce
Hello everyone, are you curious about the upcoming trend of USDJPY? USD/JPY hit a year-to-date high near 151.50 early Wednesday, as the Japanese yen fell to a multi-month low following the BoJ's mild interest rate hike on Tuesday. Fed hawkish expectations will strengthen the dollar and further support USD/JPY. If the pair is breached and successfully clears...
Today's Gold Trading Strategy: In the current global market, the price of gold has surged to a new all-time high of $2,197 per ounce, representing a significant increase of $40 per ounce since the early morning hours. This marks a new milestone as the highest price ever recorded. The rapid ascent in gold prices is a result of the Federal Reserve's decision to...
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...
The GBP/USD pair gained momentum in the early hours of Thursday's Asian trading session. This increase was driven by the weakening of the US dollar following Federal Reserve Chairman Powell's cautious press conference. Additionally, the 1.2760 level, representing the 0.618 Fibonacci retracement of the latest uptrend, is currently seen as the initial support level...
Hello everyone, today USDJPY continues its recovery streak and is fluctuating around the 147.65 level after receiving some price-boosting momentum from yesterday evening when the USD rebounded and started to recover. The currency pair has formed a new support level around the 146.75 region. The Japanese Yen (JPY) has struggled to capitalize on modest gains during...
Hello, beloved friends! Let's together explore the heartbeat of the EURUSD market today! In this calm trading session on Wednesday, EURUSD remains at 1.086, reflecting the closing level from yesterday. The strength of the US dollar continues to challenge riskier assets, bolstering the US Dollar Index (DXY) and impacting the slight decline of EUR/USD. From a...
Banknifty has had a solid pullback, but although it has a 50% retracement, this indicates a further range market. So, even if the gap-up doesn't sustain, we can expect a range market. On the other hand, if the gap-up sustains, then the rally will continue with minor consolidation.
Good morning, friends! Here are the directions for March 21st: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +160 point. Nifty has closed near the open price, but the swing was very huge....
Welcome, dear friends, to our exploration of the tranquil waters of the gold market yesterday, where prices gently oscillated around Friday's closing figure of approximately $2159, in a serene anticipation of significant news expected to break on Thursday. Gold remains ensconced in its downward trend, encased within an unbroken parallel channel that signals the...
✨ Gold is surging, surpassing $2,200. Spot gold jumped $20 in a short period, exceeding $2,200 per ounce and currently trading at $2,202 per ounce, setting another record high. (H: $2,222.915/oz) ✨ Following this morning's Interest Rate news, Gold surged through 2060-65. The resistance zone has turned into a strong support level. ✨ The trading direction for the...
✨ Gold is surging, surpassing $2,200. Spot gold jumped $20 in a short period, exceeding $2,200 per ounce and currently trading at $2,202 per ounce, setting another record high. (H: $2,222.915/oz) ✨ Following this morning's Interest Rate news, Gold surged through 2060-65. The resistance zone has turned into a strong support level. ✨ The trading direction for the...
🌐Timeframe 1 Hour 📅 Date: March 20 📉 Technical Analysis: Natural gas is currently exhibiting a symmetrical triangle pattern within a narrow range on the 1-hour timeframe. This indicates indecision in the market. 📊 As per the analysis, it's prudent to wait and observe if the price continues within the triangle pattern before considering any trading decisions.
BANKNIFTY Intraday Trade Setup For 21 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47350 Bearish-Below 45800 Invalid-Above 45910 T- 45220 BANKNIFTY has closed with a minor cut of 0.16% today. The 50 EMA in daily TF has really become like a magnet which pulls BANKNIFTY closure whenever it inches away. Today sell triggered below 46250 but breakout candle...
NIFTY Intraday Trade Setup For 21 Mar 2024 Bullish-Above 21950 Invalid-Below 21900 T- 22165 Bearish-Below 21700 Invalid-Above 21750 T- 21480 21285 NIFTY has closed on a flat note with minor gain of 0.1% today. It has formed a doji candle in daily TF just after closing below 50 EMA yesterday. In order to follow the recent bearish trend established index has to...