1.16195 is a major support and resistance level on the monthly timeframe. EURUSD might struggle to break it. If it breaks, next support level is 1.14272.
Waiting for the news to come in to make the EUR stronger. Most probably this analysis will be hit by a news event. Hope for the best with the Prez's speech which is in few hours.
IEX (Indian Energy Exchange)
- Swing High Breakout - ✔
- Good Breakout Volumes - ✔
- Huge Accumulation & Price activity a few days before - ✔
- Spread Chart Breakout - ✔
- RS+ & Strong Relative Strength - ✔
Other points to note:
The new Electricity (Amendment) Bill 2021 delicenses State Monopoly on Electricity. Which is now open to competition from all...
If tomorrow market opens flat then go long if the market takes support 16230 if this level break then go short for 20-50 Points
If Market Open gap up and breaks yesterday high and sustain go long otherwise go short if 15 red candle low breaks
If Market Open gap down above 16180 then go long if faces resistance then don't trade only go long if buy signal...
► Aditya Birla Capital had seen a weekly breakout in mid-February
► After breakout, stock is consolidating, forming a triangular pattern
► Entry can be taken on break of triangular pattern or pullback to the triangle
► Based on news of SEBI clearing draft red herring prospectus for Aditya Birla Sun Life AMC, there might be a gap up opening on Monday breaking out...
Metal Index ready for Breakout after printing a flag pattern in daily timeframe.
Watch-out for mid cap metal stocks a 20-30% rally possible in next month if Nifty sustains.
On the verge of Positive MACD crossover
PBOC cut RRR by 0.5 percentage point, effective from July 15.
I am not a financial advisor. Use your intelligence before investing.
news based fall (not a big issue for tata motors)
Jaguar Land Rover (JLR) issued a profit warning on Tuesday citing the impact of semiconductor chip shortage on vehicle production, sending its parent Tata Motors's stock down. Tata Motors also said that based on the recent inputs from suppliers, the chip supply shortages in Q2 are expected to be greater than that...
The latest retracement (ie from 3rd week of April'21 till 4th week of May'21) is very bullish. Right now it is in its long term support/resistance zone from early 2016. Above it there is another such possible resistance region which has relevance since 2019. It can consolidate between these regions and make a break out. Since there is positive news in market that...
SHREYANS INDUSTRIES HAS BEEN CONSOLIDATING FOR ABOUT A YEAR NOW AND IS AT ITS SUPPORT RANGE NOW.THE COMPANY HAS LAST DECLARED ITS DIVIDEND BEFORE THE THE COVID CRISIS BEGIN AND WITNESSED A SHARP FALL DUE TO IT AND HAS BEEN CONSOLIDATING SINCE THEN.NOW IT IS AT ITS SUPPORT LEVEL AND IS GOING TO CONSIDER DIVIDEND IN THE UPCOMING BOARD MEETING WHICH IS GOING TO BE...
Banknifty has formed double bottom pattern on 15 min chart. If we look closely it is approaching towards its resistance level. Tomorrow we have news on INTEREST WAIVER. So we would suggest to wait until the decision. If the decision favors for market one should go fir long positions ne cause there’s a chance bank nifty might break 200 ma and change its trend.
AUD IS BULLISH ON USD LIKE EURO,GBP, OTHERS AND MAKING NEW HIGH FOR THIS BULLISH MOVEMENT MY TARGET IS 0.76500 AFTER THAT IT DO SOME CORRECTION THAT'S MY MY ANALYSIS BTW WHAT YOUR ANALYSIS SAY ABOUT AUDUSD MENTION IN COMMENTS :)