Buy TCS levels are mentioned in the chart. 10 to 11% Target with a SL of 2864.50.
Do check the chart carefully for trade execution.
This is not a recommendation, it is a personal view for educational purpose.
As we can see there is a channel breakout with a high volume in November which is supported by EMA crossovers and if we place 200, 100 moving average & pivot points it's giving great support there.
Moving further after a pullback there is a support and resistance forming, after the breakout of the resistance again with high volume, there we can see (1/3/2021) ...
Gabriel India : Ascending Triangle Pattern Breakout on weekly chart.
Breakout above neckline at 128 and Price moving above 200 SMA.
Huge Volume in past few weeks show Accumulation.
Weekly RSI showing positive divergence.
Looks good for 50% upside in mid to long term.
CMP : 128
Target 1: 151 in Short Term
Target 2: 202 in Short Term
SL : 112
Almost 1:5 risk...
MCX Gold is collapsing after making the all-time high of 56191 (swing high). It has created a parallel channel in December. Gold prices are rising here. If gold breaks the dynamic resistance without fakeout, it can touch 5 1000 - 52000 - 52384 levels at the beginning of 2021.
And if gold breaks the parallel channel and retracement value of 0.618 , it will...
After the trendline breakout, the price seems to take a pullback & is now testing it's previous resistance which is now a support.
Another support- 200 SMA
So clearly there's a confluence.
Target- All time high
SL- 200 SMA
Previous breakout was predicted at the right time. Link below:
CMP - 52.70
1D TF, candle close above 200D EMA along with follow up candle.
One can buy here keeping 200D EMA as Stop Loss at 50 levels or the previous low at 38-40 levels.
Buying Volumes also looks good.
MCX Gold Guinea is following a parallel channel since August 2020. Recently, it has touched the support trendline and started moving forward. Will it keep moving? How much? It will keep running for 37600 - 38000 levels.
But according to MA, Gold Guinea should keep falling. And for the following levels: 36800 - 36400 - 36000
As expected, gold has started collapsing after a breakout of the test level. Will it keep falling?
First, click here and read the previous article on gold: When Will MCX Gold explode?
I have written in clear words, " If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46600 – 46000 – 45660 – 45200 ".
Price Broke out of the resistance/supply zone and gave a pullback, the price has taken support at the confluence of the previous resistance zone (which is now acting as support/demand zone) and 20 day EMA, above 93.20 can go upto 98-100 and above that can go upto 110, SL below 86 on daily closing basis, Also keep an eye on the sales numbers to be declared for...
GANN LEVELS FOR SWING AND INTRADAY
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment...
Here in this chart it is clearly visible that federal bank is making a ₹10 heigher high swing and is continuously in uptrend since October 2020.
Another noticeable point here, is that the stock is taking support of the 50MA(denoted by Red line)
Short term swing traders may take entry at the level of ₹80-82 with stop Loss ₹78 on closing basis ,