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Movingaveragepriceaction

📊 Forex Currency Technical Analysis - XAUUSD 📈📉Currency Pair: XAUUSD ( GOLD ) Time Frame: 1 DAILY TF Analysis Summary: 📝 As per the 1-day timeframe (1D) for Gold spot, it indicates an uptrend. The Relative Strength Index (RSI) stands at 62.63, supporting the notion of an uptrend. The day's trading range for XAU/USD is between 1964.41 and 1981.64. The moving average suggests a strong buy signal. However, it's worth noting that some technical indicators are in contrast to the moving average, indicating a potential strong sell signal. Key Technical Indicators: 📈📉 Moving Averages: MA5 : 1969 (S) | 1963 (E) MA10 : 1936 (S) | 1938 (E) MA20 : 1889 (S) | 1919 (E) MA50 : 1922 (S) | 1912 (E) MA100 : 1922 (S) | 1918 (E) Relative Strength Index (RSI): RSI value is 68.223 and it is in BUY zone Support and Resistance Levels: 1964.96 & 1978.40 Chart Patterns: THREE INSIDE DOWN : Bearish Reversal ( Indication ), High ( Reliabilty),This pattern is a more reliable addition to the standard Harami pattern. A bearish Harami pattern occurs in the first two candles. The third candle is a black one with a lower close than the second. The third candlestick is confirmation of the bearish trend reversal (Description). THREE INSIDE UP : Bearish reversal ( Indication ), MEDIUM ( Reliabilty ), During an uptrend, the market builds strength on a long white candlestick and gaps up on the second candlestick. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows erosion of confidence in the current trend. Confirmation of a trend reversal would be a lower open on the next candle ( Description ). Price Analysis: 📈📉 The current market price of XAU/USD is $1,975, and it is indicating an uptrend. This upward movement is supported by technical indicators such as the RSI, moving averages (MA), and ATR (Average True Range), all of which are showing positive trends. Trade Recommendations: 📊📈 Consider taking a long position if the price breaks above the resistance level of 1978, with confirmation from the RSI. Educational Purpose This information is for educational purposes only, and you should conduct your research and consider seeking advice from financial professionals when making real investment decisions.
OANDA:XAUUSDLong
by tradewith_ritik
Possible Cup & Handle Pattern Breakout in ATUL LTDCup & Handle Formation signs: 1. Volume dry-ups near the lows of the price pattern. 2. Big volume spike on reversal of price pattern. 3. Volume dry-up on the price pull-backs. 4. Improving Relative strength. 5. Tight areas in price pattern under accumulation. 6. Trading above 200 MA How to trade it? 1. Watch out for Volume percent change on pivot breakout. 2. The day's volume should increase at least 40% to 50% above average. 3. Stoploss below the low of the handle. Entry - Breakout of Pivot Stoploss - 8760 (Below low of handle) Target - 11000 (Depth% of cup) Would like to thank William J O'Neil for explaining this beautiful pattern. Thank you Saurabh Yadav
NSE:ATULLong
by shadowthenoobtrader
3
Possible Zone Breakout in Ganesh BenzoplastGanesh Benzoplast is ready for zone breakout. If we narrow down the time frame, we can observe price is constantly taking support at 50MA which is healthy price action. Breakout will be confirmed if the price closes above 142. Trade set-up 1) Enter trade only if price closes above 142 in daily time frame. 2) Possible targets for the trade153,170,187. 3) Stop loss at 120. Note:- This is not a recommendation. Do your own analysis. Pls feel free to share your thoughts on this trade. thanks.
NSE:GANESHBELong
by SWING2TRADER
2
BHEL: Moving Average Play Similar to Nifty view and trading strategy, BHEL can be looked at from Moving Average angle. - stock is trading above 20 day EMA and - today has managed to closed above it's 50 day EMA Based on Moving Average play, Short term target potential: test of 200 day EMA (around 54.8 to 55.05) Closing above that could open doors for further up movement towards 58.2 / 61.50 __________________________________________________________________________ F&O trading strategy Given the set up, One may consider to sell 30 June expiry 50 Put option __________________________________________________________________________ SL for Equity as well as F&O trade: if BHEL closes below 50 on daily charts Set up provides good Risk::Reward ratio to go long Take care & safe trading...!!! Like, Follow for more such trading ideas Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BHELLong
by indiamarketoutlook