The USDJPY chart is showing a strong downtrend after reaching a peak in July. Currently, the price is trading around 142.67 with a clear descending wedge pattern forming. Strong resistance lies at 147.537, while the projected downside target is 135.492. The EMA 34 and EMA 89 both indicate a downward trend, confirming selling pressure. In terms of news, U.S....
Buy and hold as per your risk apetite target of 900-920
Name - BHARTIHEXA Pattern - Cup and Handle breakout Timeframe - Daily Volume - Average Cmp - 1291 Target - 1509 SL - 1238 Always welcome for any comments with your feedback or give it a like if you find it useful.
Nifty set a new ATH yesterday and hopefully, the price action shows a little more upward movement is possible. A possible long position for a small move on the upside can be traded. Note: For educational and paper trading purposes only.
On Thursday, BankNifty decisively crossed the 51316 level (61.8% FIBO mentioned in previous posts) with strong volume, reaching a high of 51878.10 before closing at 51772.40, gaining 762 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support zone (15m): 51514.55 - 51613.95 Near...
Vaishali Pharma gave good rounding bottom pattern breakout on daily chart. This stock is from pharma sector and the pharma sector is currently in good momentum. It has potential to give 20% to 30% return in 4 to 5 weeks. So keep watch on this stock. The target level provided are based on Fibonacci retracement levels which is ₹223 ( 1.33 retracement level) as 1st...
Name - CYIENT Pattern - Cup and Handle breakout Timeframe - Daily Volume - Good Cmp - 2118 Target - 2471 SL - 2057 and 1939 Always welcome for any comments with your feedback or give it a like if you find it useful.
Name - PRESTIGE Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Avg volume Cmp - 1884 Target - 2491 SL - 1873 or low of the Breakout candle - 1775 Always welcome for any comments with your feedback or give it a like if you find it useful.
Hind copper is following the Fib classical retracement and trendline
Gold is currently trading around its all-time high near 2,570 USD after a strong rally fueled by rising expectations of a significant Fed rate cut. The 34 and 89 EMA lines show that the upward trend is still intact, though a short-term correction is possible. Key support levels lie at 2,501 USD and 2,521 USD, where investors may find buying opportunities. Gold...
On Thursday, Nifty hit a new All-Time High of 25433.35 and closed at 25388.90, gaining 470 points. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) has turned positive from sideways. Support Levels: Near Demand/Support Zone (15m): 25444 - 25270 Far Demand/Support Zone (75m): 24885.15 - 25072.55 Far Demand/Support Zone (75m): 24678.80 -...
XAUUSD in ABC corrective wave where wave B retaced 100% of wave A.. and took lot of time to complete. now expecting wave C to take lesser time to complete. Wave C down in progress where minimum target of 2502 low made.. important support zone to watch is 2504-2500. if broken than more down side possible 2490-85 Will be looking for buying opportunity if bullish...
Tonight, the CPI data will be released and is expected to be lower than the previous reading, which could lead to a significant rise in gold prices. The chart shows gold in a short-term uptrend, with prices breaking above the 20 SMA and other moving averages, reinforcing short-term buy signals. Bollinger Bands are expanding, indicating increased market...
Gold prices are currently fluctuating within a clear resistance and support range. At present, the price is positioned between the 34 EMA and 89 EMA, indicating a tug-of-war in the trend. The 34 EMA and 89 EMA are converging, signaling a potential trend breakout as the price moves out of this range. The key resistance level is around 2,525, a zone where prices...
Current Zone: 1) it in good support zone and end of Flat Correction Wave (1.236 level of Fib) or 0.618 level of Fib 2) Almost drop 20% from high level.. so good level to accumulate on these level
RRIL cmp 24.68 by Weekly Chart view - Support Zone at 15 to 18 Price Band - Resistance Zone at 33 to 38 Price Band - Volumes are seen steadily rising month over month - Weekly basis : Support at 18 > 11 > 5 with Resistance at 30 > 38 > 46 - *Stock Price crossover above the Falling Resistance Trendline and Rising Support Trendline and needs to sustain for fresh...
Name - TATACOMM Pattern - Cup and Handle breakout Timeframe - Daily Volume - Good Cmp - 2021 Target - 2419 SL - 2006 Always welcome for any comments with your feedback or give it a like if you find it useful.
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...