Reasons To Enter : NSE:ASIANPAINT
1. Stock about to breakout after consolidating for a almost a month .
2. Crude Oil is going down , so considering the inverse correlation between crude oil and paint stocks , we can see demand going up as oil gets cheaper .
3. Stock closing above both 50-9 EMA
4.Breakout , retest already done . Now price might go up...
Currently, the price of gold is consolidating its previous decline since it pulled back from the $2,052 region, holding steady amidst the end-of-month flow while awaiting important US Personal Consumption Expenditures (PCE) Core Price Index data.
Any decrease in the price of gold can be seen as a good buying opportunity to establish a new upward position. On the...
In Germany, inflation, measured by the Consumer Price Index (CPI), decreased to 3.2% compared to the same period last year in November, down from 3.8% in October, which is lower than the market's expectation of 3.5%. In Spain, the annual interest rate decreased from 3.5% to 3.2%. Therefore, it is not surprising that the EURUSD pair needs to struggle...
At the start of the session, the price of gold surged to $2017 USD, which was 150 pips higher compared to the previous week's trading session. Currently, gold has cooled down and is trading around $2012 USD.
Due to the lack of new support in the market, speculative interest in gold positions in the United States is showing signs of narrowing. Additionally, gold...
CAN FIN HOME at 52week high and going up on bigger time frame but there parallel channel too so I'm expecting a small rejection till 816-811 then a buying can come, If goes up & sustains above 824 then 827-830 level can be seen & if crosses that then more 4-5 points up move can be expected.
815 below 15 min candle closes can sell for 808-810 target.
parallel...
The price of gold remains positive at $2,040 USD today. The modest recovery of the US Dollar cannot push down the value of the precious metal. The XAU/USD price is currently trading near the psychological level of $2,050 USD, maintaining a stable trend on the 4-hour time frame.
Overall, there is a positive outlook: XAU/USD may continue to rise soon as the EMA 34...
The GBP/USD is currently fluctuating around the 1.2700 level, holding near its three-month high of 1.2732. However, the modest recovery of the US dollar has weighed on the British pound. Thursday's US data could be significant for the greenback.
Despite a retreat, the trend still leans towards an upward direction with a price channel formed and the 34 and 89 EMAs...
As predicted earlier, the successful breakout from the resistance level of 1.255 and the continuation of the previous price increase have been maintained as this currency pair achieved the strongest daily closing since August 30th, thanks to the weakness of the US dollar. The appetite for risk and lower bond yields have weighed on the greenback and acted as...
BAJAJFINSERVE broke above rounding bottom formation pattern on hourly charts with decent OI.
Risk:Reward = 1:3
Could be bought with mentioned stoploss & target patiently.
The USD/JPY pair is recovering about 50-60 pips from the 146.65 area, receiving modest support from the USD. Currently, there is widespread speculation that a series of interest rate cuts by the Fed in 2024 will weaken the USD and weigh on USD/JPY.
At the time of writing, the price is trading at 147.07, so it is possible that the price will correct before any...
Samson greets everyone!
Currently, EURUSD continues to maintain a strong upward trend after successfully surpassing the resistance level of 1.096. This currency pair is supported by an increase in risk appetite in the broader market, which has led to a depreciation of the US dollar and played a favorable role in pushing EURUSD towards 1.105.
However, the upward...
1.Heubachind has broke the multiple trendline with volume
2.Formation of cup pattern and breakout
3.Volume is good
4. More chance for gap up
Great resistance at 583.85
BTST target-572,587
If it crosses 2214
Entry price: 2214.10
Stop loss: 1949.95 (11.94% risk involved)
Target: 2745.40 ( reward of 24% with 11.94% risk)
Enter into the stock if one is able to take risk of 11.94%
I am entering this stock with 11.94% risk
I am not SEBI registered individual, please do your own analysis before taking a trade , this is only a trade idea
Currently, the cost of conquering the $2050 peak is successful, following the successful completion of the previous candle. Presently, the market is witnessing the risk of recovery as investor sentiment pushes asset prices higher, driven by the Fed's mild comments that have caused Gold to rise during the day.
The primary price target for XAU/USD is $2074 - $2087,...
As predicted yesterday, USDJPY broke out of its previous range and declined due to the lower USD and US Treasury bond yields. At the time of writing, the price is trading at 148.21, down 0.12% for the day.
The market is experiencing a decline, evidenced by its position below the two EMA lines. I anticipate further downward movement. It may bounce back from 148.00...
