Vedanta has been in a downtrend for sometime, despite strong fundamentals, amid global pressure on metals due to trade war and other macro-economic factors. We're in a squeeze and a break above the resistance trend line could deliver a great buying opportunity for this natural resources stock.
Buy XAUUSD at CMP (1205.50) T1: 1211 T2: 1216 SL: 1202.5
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LT has traded with volumes more than 6 times its average on NSE today with Total gain of 6.82% on closing basis. Stock is in Uptrend now with Gap-up opening today. Fresh Longs being built up today on LT. Tomorrow will be an opportunity to enter the stock preferable around 1315 levels. I have mentioned an entry at 1317 with Stop-loss on closing basis below 1300...
Gold Showing -ve Correlation with stock markets, except 2016-2017.
Gold is in high demand zone, with a good recovery from the support. Long on this precious metal with a target of $1300.
Please correlate with the charts.
Midterm forecast: While the price is above the support 13.60, beginning of uptrend is expected. We make sure when the resistance at 15.60 breaks. If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (14.650 to 14.400). We wait...
TATASTEEL: is a weak pullback this morning and got sold into with recent top of 588 as stop-loss one can look into selling the stock at 576 with target at 554
Gold came to see the shape of downtrend. Gold has not reached YPP (P) 1269.009 and is trying to fall again. Please look at the weekly,You can also see the red trend line being conscious. weekly But I decided not to use this line because of my discipline. So I will not do anything now. There is no reliable horizontal line near here. Therefore, as usual, I...
Chart explains everything, wait for weekly closing to check for further moves.
will loike to go long in the counter for 3- 5 % upmove , no brain to be used !!!!! stop below 300 level
A little more consolidation before the upside may be possible.. over all trend looks Bullish..
Gold looks ripe for a breakout of the asscending triangle . Will be entering on the breakout. Pattern Targets around 1322.5-1323 levels, but I would be closing off the trade at around 1315 levels which is a strong horizontal resistance. The pattern targets can be considered as 2nd profit taking levels by moving stops to cost.
Gold finally broke the trading range it had been into from many weeks on the downside as it slid past $1300 comfortably and posted a nearly $20 weekly loss. This kind of movement was getting over-due and a fatigue was kind of setting in when the price action was taken into account. Fundamentally the events did not favor the rising prices thus allowing it to breach...