EURUSD LONG IDEAHey before you trade #DYOR I’m sharing my idea which is based on technical analysis for more accuracy you can check news or event update.
EURUSD 1Hr Chart analysis current price is given breakout on 1hr chart, as per 4hr trend retesting is complete, for target and new retrace are you can check chart I share.
You need to wait for retrace area to break and create new HH.
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Thank you
Lowerlows
GODREJPROP - Head and should patternAll details are given on chart with clear explanation.
1. Godrej Properties was in the downtrend since Nov 2021 with LH and LL pattern.
2. Last LL was not taken out by following candles and formed Head and Shoulder pattern in the bottom which indicates trend reversal
3. Breakout happened but with not much impressive volume
4. Chart pattern looks very good and attractive
5. Overall Real Estate sector is in positive
Disc - Am not a SEBI registered. This post is only for educational purpose and do your own analyses before taking any position.
BANKNIFTY heading towards 29000 BANKNIFTY is sequentially making lower highs and lower lows , thus breaking the structure, on Friday BANKNIFTY retest its previous lower high and exhibit a sharp retracement towards the down side in order to make a new lower low.
BANKNIFTY might hold on its fall for a day or two in order to factor in budget news, but since the long structure is broken we can anticipate it touching 29000 in the coming week with a certain degree of confidence.