Hey traders, here is the analysis for the XAUUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Plan A : Price is still below the trend line resistance and sustaining 688 - 692 will make the price to move towards 696,702. Plan B : Near by resistance 700 - 704. Price should sustain this zone to move to 710, 716 and 722. Plan C : If price shows bearish strength below 686 - 690, then price will move to 682,677, 672 and 666. Note : Understand the trend strength...
In daily time frame, price is at trend line resistance now. 417 – 420 is strong resistance. Price have to sustain it to move towards 424,430 and 435. Bearish below 413 – 416 for the targets 409, 405 and 401. Note : Understanding trend strength is important to trade in this volatile market. Place stop order once you take an entry.
Bank Nifty For Tomorrow Friday trend - Positive Resistance -37655 overall texture positive
LTI CMP 4321 Long price consolidating for some time .Looking decent upmove for intraday Price structure good and bounce on the way towards 4400 4450 4500 Levels
Nifty View: Finally, some bounce back to cheer the bulls in today's trading session. The Nifty index gained 139 points to post a close at 16,012. We were anticipating this move, and it's good to realise that the index is behaving precisely in that manner. As we advance, we can expect an extension of today's rally for a retest of (16,150-16,250), which are the...
Nifty View: The underlying downtrend extends further with today's +300 points negative move from the Nifty index. It could have been worse, but the index managed a decent bounce back from its intraday low of 15,711. The trend is down, and the selling momentum has picked up, but taking a closer look at today's correction suggests that there is a possibility of a...
Nifty View: Nifty loses another 100 points in today's trading session to post a close at 16,505. Some degree of intraday volatility was observed, especially at the final hour of the day's trade, which is attributed to the expiry of weekly derivative contracts. No change to the underlying trend, which stays down with negative sentiment and selling pressure. As...
Nifty View: Nifty loses 180 points in today's session to post a close at 16,613. We did notice some bounce back in the final hour of the day's trade which led to a "Spinning Top" candlestick pattern on the daily chart. There is no structural change to the overall market, which is still in a downtrend trend with momentum support. An extension of today's last hour...
Nifty View: A very big breakdown for the Nifty index in today's trading session as it lost over 800 points to post a close at 16,247. It was a big gap down, and throughout the day's trade, the index did not offer any significant signs of recovery. Needless to say, a majority of the stocks and sectors closed deep in the red territory losing anything between 5-10%....
Nifty View: Disappointing close from the Nifty index in today's trade as it slipped over 150 points from its intraday high of 17,218 to manage to close marginally above the psychological 17K mark. The index failed to hold on to its early gains and continues to stay in a downtrend across the short-term and intermediate timeframe. Sectoral indices were nicely...
Nifty View: Yet another volatile trading session for the benchmark Nifty index today, as the index gapped down and fell more than 300 points, to bounce back in the late afternoon and close the day with a loss of just 131 points. The market is reactive in nature now, and equity as an asset class globally is going through a similar correction. At today's lows, the...
Nifty View: Some severe volatility from the Nifty on the very first day of this week – the index oscillated within a wide range of more than 250 points in today's session to post a close at 17,208, a day's loss of 69 points. The fact that it closed negative is not a surprise as the underlying trend is down, but it was the degree of intraday volatility that was...
Nifty View: In today's trading session, banking stocks were the culprit as the Nifty index lost close to 50 points to post a close at 17,266. The underlying trend of the Nifty is still very much down, and after today's negative close, it has confirmed a lower high and lower low on the daily timeframe - this means that the probability of the downside is marginally...
Nifty View: Flat close for the Nifty index in today's trading session - at a close of 17,317, the index lost just 43 points on a day on the basis. We see this as a sign of consolidation, especially after the recent wild price oscillation. It was good to notice that the Nifty and BankNifty indices reacted today from our anticipated resistance zones. Also, from now...
Nifty View: In today's trading session, it was a big 500+ points recovery from the Nifty benchmark index. This brings in a lot of volatility to the overall market conditions considering that the index had lost over 500 points in yesterday's trade. Nevertheless, even after today's bounce back, the underlying short-term and intermediate trend of the index is still...
Confluence : 1.Around 190 days consolidation breakout 2.Weekly Breakout with Bullish Momentum 3.Monthly Breakout with Bullish Momentum 4.Trendline Breakout 5.Higher High Formation 6.All Time High
First step of a successful trader is to build a Trade plan & review what he has done. This is my Trade Journal . (education purpose for all ) Trade plan Nifty 50 : Trend is Up - or 15 MIn breakout trade ( see video for details ) Jai Hind. Disclaimer : This video is only for educational purposes. Please consult your financial advisor before you take any trade