Date: 7-May-2024 Rating: Buy - Positional Trade LTP: Rs. 456.55 Targets: (1) Rs. 485 --> (2) Rs. 554 --> (3) Rs. 656 SL: Rs. 412 on daily close basis Technical View: • NSE:JYOTHYLAB is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 554 on 24-Jan-2024, it has retraced 30% to 388.30 level. •...
#Banknifty:8th May Step1: 48161-47970 -S1 zone. Try long.Only intraday aggressive traders. Step2: if 49508-R1 reached exit long, enter short. Step3: 47745-47575 - S2 zone. Exit short...and confirmed for fresh long.
Hello everyone, it's RKarina again! Today, gold prices continued their recovery since Monday, with the metal up more than $25 since the start of the new week. Although gold has experienced two consecutive weeks of price declines after a 5-week recovery streak, overall investor sentiment is still optimistic about this precious metal. From chart analysis, we see...
World gold price is currently trading around 2,320 USD. “The recent decline in gold prices that we have seen over the past few weeks may be weakening,” one expert noted. US employment data has weakened the USD, creating an opportunity for world gold prices to increase." According to technical analysis, in the short term, gold's next resistance level is 2,360...
Hello friends! The hesitant movements of the US Dollar (USD) seem to have created enough momentum for the continued uptrend of EUR/USD at the beginning of the week. However, the pair failed to retest or clear the key hurdle at 1.0800 for a fourth straight day of gains. The sideways trend is expected to persist and the pair will soon encounter resistance at 1.0800.
Maker has a market cap of $2.6 Billion and is ranked 45th in the Coinmarket cap. MKR has a total supply of 977631 in which 92.5% is circulating in the market. MKR token is currently trading at a price of $2819 with a slight dip of 1.4% in the intraday session. The asset price is currently trading in between the 50 and 100 EMA. MKR upside trend can see a halt near...
Nifty 50 Nifty has a Resistance zone of 22430 to 22520. Above these levels of 22520 it can test levels of 22630 and 22780. Nifty has a support of 22220 to 22280, failing to sustain these levels it can further falls to levels of 21980 to 21920
Hello & welcome to this analysis S&P has entered the PRZ of a bearish Harmonic ABCD pattern. It gets activated below 5175 and negated above 5210 A reversal from here could form a lower high in the index
Please find below simple resistance and support: Resistance: 22329 If crossed up then will see upward move as follows: TGT: 22450 Support: 22231 If crossed down then will see downward move as follows: TGT: 22167 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY...
Major Trend line breakout, SuperTrend turned buy then again pulled back took support from ST and broke minor trendline with good volumes RS is positive RSI crossing 60 Momentum is positive and above MA Volumes on down days are extremely contracted Can be bought with SL 59.55 with tgts of 1R and even 84
Volatility and Volume Contraction on Daily Charts and Price breaking with strong volume RSI going above 60 Momentum indicator going above avg line Relative strength is strong Price broke Super Trend as well Looks ripe for strong upthrust Can Be bought with 209 SL and 290 1st tgt
Emerges strong amidst falling day VCP pattern on weekly On daily charts breaking out of range after minor shakeout Strong relative performance on both weekly and daily charts CMF also giving trendline breakout Tgt can be 1R with 265 as SL
In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment |...
Weekly and daily strong RS Daily trend line break Price taking support from weekly 8ema Long at 3810 sl 3586 tgt 4070
There is good downward movement in bank nifty as we predicated ,we could see downward move again tomorrow for the target price .
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
not a good omen for ADANIENT, H&S on daily with roughly 10 % depth
Company has reduced debt. Company is almost debt free. Company has been maintaining a healthy dividend payout of 38.2% Navneet Education Limited is primarily into manufacturing and trading of education books, reference books, technical & professional books in paper form and e-learning form, and also paper and non-paper based stationery products Co. has a...