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...
Taking support and creating the formation after continues fall. The pattern seems bullish and accumulation happening on the level from many days. 1Day chart pattern formation.
BankNifty Analysis - Stance Neutral ➡️ Once again BN proved to be resilient to the bearish attack. We briefly broke the bearish channel top line, hit a new intraday low of 45828, and then reversed from there. The reversal was a whopping 828pts ~ 1.81% on what we could call a bear market killer. Whatever green candles we had in that recovery were strong and had...
if crosses b point trade upto d point. This is abcd harmonic pattern.
sell crude oil at 6793 with sl of 6940 for 6413, technically looks weak
Timeframe: 1Hour Strategy: Long Technically Natural gas price is forming a triangle pattern, suggesting a potential breakout. Traders watch for a decisive move. As per the news Natural gas prices surged as colder US weather forecasts increased heating demand. Shutdown of a Texas LNG terminal unit limited exports, while lower US electricity output...
After a recovery in market banknifty has given a wonderful rally from 45800 to 46800 approx. This stands market in a bull run on expiry day. So tomorrow also expected that mkt will hit 46800/47000 if mkt opens in gap up. Similarily downside levels is 46200 &45800
XAUUSD Strategy: Hello dear friends! As of now, gold continues to follow a downtrend, limited below the trendline on the chart, with a current price of $2155 USD. We may consider continuing to sell gold in the $2055 - $2058 USD range, placing a short-term profit for today at $2145 USD.
The price of gold today (20/3) slightly declined compared to the previous session following new economic data from the United States last night. Meanwhile, the US dollar continues to strengthen in the international payment basket. At the same time, the Federal Reserve of the United States (Fed) convened its first meeting in March, which will last for two days....
Nifty Weekly Analysis For 18-03-24 to 22-03-24 Weekly Sentiment is Bearish. 22200 is Major Resistance For Nifty. 21850-22200 is the Range for Nifty Next week. If Nifty Sustains above 22200, upside possible and Targets are 22300/22400. Note that Upside move is against the sentiment, so approach should be defensive. Below 21850, ABCD Activates and Downside Targets...
Hello dear friends! What do you think about the current trend of EURUSD? Today, EURUSD continues to decline, seemingly trying to gather strength to bounce back as the US dollar strengthens for the third consecutive day. Currently trading near the 1.0849 level, a quick look at the technical analysis chart shows that the downward momentum is still leading. As a...
"Banknifty consolidated in the last session. Structurally, if the market opens with a gap-up, then the consolidation will continue further. We could wait for the rally only if it breaks the Fibonacci level 38%. Alternatively, if the gap-up doesn't sustain and breaks yesterday's low, then we can expect minor correction initially. Correction continuation will...