Technical reasons 1. price above shorter ,medium and long term EMAs 2. 18>50>100>200 day EMA suggesting bullish momentum 3.MACD above signal and zero line (12-26) while 50-100 is above signal line (but below zero) 4.price restesting the horizontal trendline (IPO level),18 day EMA 5.Inside bar formation in weekly charts above 18 day EMA 6.aymmetrical traingle...
#Nifty spot -For coming days 02.06.2024 Expected Resistance 1 - 23500 Resistance 2 - 24200 Cmp 22531
From the daily chart, after the US market experienced a wash-out trend on Friday, the direction and space of gold have been opened, showing an obvious weak and volatile trend. A triple top was formed near 2360. Multiple pressures from above may suppress gold bulls again. At present, there is a great possibility of a sharp decline. The support below will first...
The stock has consolidated for close to 3 years (since 2021) and a above 340 can be a confirmed breakout. In 2020 it gave a breakout from 175 and rose 165 points during 6 months( almost doubled). Prior to this stock had consolidated for a period of 3 years. Volume breakout is another indicator. So there is a similarity in the period of consolidation and the...
BankNifty is showing signs of weakness. To achieve new highs, it needs to close above 49,975 on a weekly time frame. If it fails to do so, we may see a significant decline in BankNifty. Traders looking for short opportunities can consider entering short positions with a stop-loss placed just above the 49,975 level on a weekly closing basis.
Mantle has a market cap of $3.22 Billion and is ranked 35th in the CMC. The VM ratio of the token price is at 0.01 while the volume has seen a decline of 23% in the intraday session. MNT token price is currently trading near the value of $0.98 with a drop of 1% in the intraday session. The token price is currently forming a bearish candles on the daily chart. It...
Hello Everyone. The market was in a very tight range the previous day.If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look...
#DHANUKA Analysis Suggested at 824, did 1429 -> 72% done. Fresh view now. Cmp 1275, support 1200 Best above 1300, keep 1250 cbsl for cup and handle breakout. Upside 1435/1615/1785/1999+ doable. Fresh view above 2000 closing.
Hello Everyone. The market was in a very tight range the previous day. Wait for premiums to come down before taking any trade. Its going volatility for starting 1 hour. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 50 points as we are getting very few trending moves. If the market opens flat then we...
ATGL Breakout ATGL forming Pole and flag pattern on daily chart - Breaking parallel channel on daily timeframe - forming Cup and handle on weekly timeframe Disclaimer:- Investments in securities are subject to market risk. Everything I discuss here is for educational purpose. I am sharing my personal view as a trader / investor. Please consult your financial...
If Slowdown in IT sector continues, Happiest Minds may go down and take support near 530-585. Revenue Growth and OPM of Happiest Minds are continuously falling FY22 - 41% & 24% FY23 - 31% & 25% FY24 - 14% & 21% Q4(24) - 10.4% & 20% Return on Equity 5 Years: 30% 3 Years: 26% Last Year: 21% If it continues like this, It may not trade on Premium...
Hello Everyone. The market was bearish but gave opposite moves to take SL few times previous day. Previous support has turned to resistance now and vise versa. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 50 points. Wait for 1 hour volatility to calm down before taking any trades. Let the premium...
Adani Stocks on track for a decent rally ahead. Adani Green Adani Enterprises ATGL AWL
Nifty Weekly Analysis for the June 1st week analysis Past week nifty has taken resistance at the Red line and started coming down and also Breaks the previous high and started going Down, as per the analysis for upcoming week Nifty will be in down trend until the green line Support
Gold will try to recover the fall,however it will not break All Time High, still it is in correction era, ideally, i see it will most likely do zigzag correction (5:3:5) structure.Good trading week all.
Hello Everyone. The market was bearish but gave opposite moves to take SL few times today. Previous support has turned to resistance now and vise versa. As market is opening after exit polls result it might be very volatile for first 30 minutes to 1 hour, avoid trading at this time. Let the resistance or support range break with 15-minute candle before going for...