Bank Nifty was trading in a small range for last few days and completed time wise correction. Bears failed to hold it below 50050(.786 fib level), so high chances of hitting 100% and goes up in extension to hit the channel top. As per daily time frame Super Trend and fib channel we have a great opportunity in long with small SL. Stop Loss below 50130...
Deepak Nitrate on the weekly/ Monthly basis looking to break the range by sustaining above 2480. This range breakout will open the stock for an upside of 27% and long term 66%
Genus Power is experiencing one more contraction & might go down to levels of 295-300 levels before buying starts. That would form a complete 4T VCP footprint setup. As can be seen vol has also decreased
Reason for Going Long in Nifty: Wave Analysis: Nifty is rising gradually in a 12345 wave pattern after a quick crash on June 4th. Wave 4th was a time-wise correction and spent one week in a small range. Target: The 127% Fibonacci level is our first target. If Wave 5 extends, we can aim for 24600 too. Stop Loss: We will exit the long position if a 1-hour...
Given the current market context where gold prices are influenced by China's buying patterns, and a forecasted decline in gold prices, the strategy will remain focused on selling within the specified zones. We will incorporate two sell zones with a unified stop loss point above both zones. Sell Zone 1 Entry Point: 2336 - 2341 Sell Zone 2 Entry Point: 2348 -...
The provided chart displays the price action for Gold Spot (XAU/USD) on 1 hour time frame, dated June 14, 2024. Here’s a detailed analysis based on the chart: ### **Chart Analysis** 1. **Trend Line and Breakout:** - The price initially follows an upward trend indicated by the dashed trend line. - There is a breakout above this trend line, indicating a...
Key Points: USD and Bond Yields Impact: Gold prices edged lower at the start of the week, influenced by a strengthening USD and rising bond yields. Awaiting Economic Data: Investors are keenly awaiting economic data and commentary from Federal Reserve officials for clearer guidance on interest rate cuts. Price Range Forecast: In this environment, gold is...
As we discussed, NIFTY traded in a sideways-bullish zone on the upside with huge volatility in the short range. If we look at the chart now: The market is trading indecisive in a bullish zone. That may lead to a short correction in the market. The market is not going to be bearish unless EMA(13, 50) successfully crossovers. Right now, the market is very...
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 50050 level then possible upside rally of 400-500 points upto 50450 level in todays session. Any Major downside only expected in case banknifty starts trading below 50450 level.also possible reversal upside 50050 level.
We have seen a massive bull run in most of Realty stocks like DLF, Oberoi, Godrejprop, etc. However, suntech has been consolidating in an inverted head and shoulders pattern for last few years. This is mainly due to poor sales numbers shown by the stock in past. 530-550 is a strong supply zone for the stock. Once we see a monthly closing above this, we can see...
SME stock Can be a potential multibagger. However, the technical targets are posted as above. Can expect good momentum above 300 levels. Company is Targeting to grow at more than 90- 100% topline CAGR for next 5 years
Price is moving in the range between 49600 to 50200 for the past few days. 50000 is the psychological level. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 50020. Stop Loss : 49920. Targets : 50100, 50180, 50260, 50320 and 50460. Sell below : 49780. Stop Loss : 49860. Targets : 49700 ,49620,49540, 49460 and 49340. Check the live...
OLD SETUP TRADE WIH 1:3 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more GOLD SETUP TRADE...
The last to fall in Dollar rise, the first to rise in the dollar corrective move down. 0.6630 looks a decent bottom to see or the 0.6615 which was shorter frame supply zone a couple of sessions back. Rising Support line, closer Supply line are hurdles to initiate. Dice in favour of 0.6690-0.6710 while above 0.6615-40
Price has broken the range it has formed for few days today, but still it has to gain momentum. Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 50520. Stop Loss : 50420. Targets : 50600, 50680, 50760, 50820 and 50960. Sell below : 50300. Stop Loss : 50380. Targets : 50220 ,50140,50040, 49960 and 49840. Check the live market...
Price is still moving within an upward channel. Zig zag movement makes the trend to change fast. Buy is when the price is taking support at the lower trend line of the channel. Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 23480. Stop Loss : 23440. Targets : 23520, 23560, 23600 and 23640. Sell below : 23380. Stop Loss : 23420. Targets :...
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
I daily make educational content videos for swing / positional trading