As of 21st May 2021 Current Trend: Upward Start of Upward trend: 31/3/21 RSI: Around 72 MACD Crossover: Shortline over Longline (Blue over red) MAE: Stock trading above 26 Day moving average Current Resistance level: 1861-1863 Bollinger Band: Currently trading near (1.618) level of BB, which also serves as a current resistance level. The price has broken the...
take all trades with 0.5 percent of your account if you loose all you are going to loose 1.5 percent off your account ' but as you can see our rr(risk reward ) if you win here you will get minimum 5 percent of your account and maximum 28 percent of your account as per risk reward
MCX Copper has just traced out a pattern that can be interpreted as a A-B-C Zigzag from recent highs. All 5 subwaves of the final C wave seem to be in place. This now means the uptrend should be back in force to new highs. Hold longs with Stop at recent lows.
All Videos/Information on this channel are for Education purpose only. They are not buy/Sell Recommendations. Please consult your Financial Advisor before taking any trade or investment decisions.
AS gold above the trend line if continue traded above 1880-1890 level than we expect a move toward 1965 as we see 1878 is the resistance level it test multiple time and came down and now it around that level if traded above we expect good move RSI ABOVE 70 ALSO GIVE A STRONGE APPROACH TOWARDS MARKET
Here we have got the breakout on the weekly timeframe with thick green candle. Let's see how it moves.
GOLD has broken its long sustained downtrend on a daily chart. It has also crosses and sustained a strong support level of 1850. Good upside possible from here.
SILVERMIC | Again falling into the channel (Risky trade) CMP : 73200 SL : 73800 Target : 72500,72200 1:2 risk reward setup
#Hindzinc ****THIS TRADE IS AN IDEA GIVEN TO ME BY MY MENTOR KRISHNAKUMAR**** Gave nice breakout on daily and weekly charts today. Although this weeks chart is not completed yet, but taking risky entry utilizing partial funds as it has given breakout on daily charts after 3 years. Will add more if it dips to retest breakout. Also, it is forming nice channel...
After a long down trend a breakout is seen on that daily chart of GOLD, one can go positionally long from here or wait for a retest of the support level to get a better risk to reward ration.
Retail investors are advised to invest via ETFs and as per the price movement near to resistance.
Gold against dollar could take a bearish week upto 1785 , and it looks like a strong reversal area from that point with a wedge pattern
Midterm forecast: 1762.55 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 1762.55 is broken. Technical analysis: There is a divergence in RSI and price between the trough at 1676.7 on 2021-03-08 and the trough at 1677.8 on 2021-03-31, the probability of downtrend...