The price is fluctuating around the EMA lines, with the EMA 34 above the EMA 89, signaling a short-term recovery but not strong enough to break the main downtrend. A strong support level at 1.10300 has previously caused the price to bounce back. This is also the level that may be revisited if the downtrend continues. The 1.1158 zone is a strong resistance. If...
The market is influenced by the monetary policies of the Bank of Japan and the Fed, along with U.S. interest rate updates and global economic conditions, continuing to cause volatility for this currency pair. On the 4-hour USDJPY chart, the price is trending downwards, moving below both the EMA and SMA 20, signaling strong selling pressure. The resistance near...
☘️Fundamental Analysis Gold prices witnessed an intraday reversal from an all-time high and fell below the psychological $2,500 level after the release of key US monthly employment data on Friday. The mixed US employment report reduced the chances of the Federal Reserve (Fed) cutting interest rates by 50 basis points, which prompted some cover in the US dollar...
nternally, factors such as domestic demand, currency exchange rates, and government policies play a significant role in shaping gold's trajectory. For instance, a surge in demand for gold during cultural festivities or a weakening domestic currency can propel prices upwards
Oswal Greentech cmp 48 by Monthly Chart view - Support Zone at 41 to 44 Price Band - Weekly basis : Support at 35 > 24 > 14 with the Resistance at 55 > 67 > 79 - Multiple Bullish Technical patterns completed, creating huge upside breakout on stock counter - Rounding Bottoms - Sliding Head and Shoulders - Cup and Handle in the past years
PRE-OPEN 24823.40 (-28.75) DOWN SPOT-24841 RESISTANCE: 24800 R2 UPSIDE 25000 R3 - SITTING MIDWAY ( NOT A GOOD SIGN 24900) SUPPORT:24800 S2 24700 S3 24500 DOWNWARD So no positional only swings expected. PREMIUM EATUPS DAY day all together. Suggested target downwards for S3 this expiry.
USDJPY ends a four-day decline and rebounds from its lowest point in a month as traders start the US inflation week with mixed feelings, especially after a disappointing employment report on Friday. Sellers are in control Despite the brief pause to recover from an ascending support line from late December 2023, the "Death Cross" on the moving averages and a...
The critical price broken of 4.00 since some days The 200 days long term trend line broken The next support see below 2.20 - 2.50 The neckline broken of Head and shoulder pattern, will see a rebound for short term, resistance see at 3.90 -4.00
#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on...
Arvind Fashion has given breakout of Cup & Handle pattern on weekly time frame. If you observe there is a smaller cup and handle pattern as well in the larger cup & handle pattern. We can see price moving towards our targets of 560-685-950+. Other factors: 1. Weekly volume is great 2. RSI is +ive 3. Fundamentally company is doing great - from loss making to...
One cycle completed at 23300 level to watch ahead. The move started around 17600 in Jan 2023 with actual low coming in at 18 Jan 2024 at 16818.90. We a time cluster coming in at 05 Sept 2024 and 17 Sept 2024. price to be watched is 22587.50. Major support at 21400 level s till 19 Sept 2024 if Price comes to meet Time. Lets watch till then. Major breakouts above...
LTIM Pros Company has delivered good profit growth of 24.8% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 29.0% Company has been maintaining a healthy dividend payout of 41.2% Cons Stock is trading at 9.12 times its book value Promoter holding has decreased over last 3 years: -5.65%
Good morning, friends! 🌞 Here are the market directions and levels for September 9th. Market Overview: Global markets are showing a bearish trend, as indicated by the Dow Jones, and our local market reflects a similar sentiment. However, today, the market may open with a gap down, as SGX Nifty is indicating a negative move of around -80 points. Both Nifty and...
Bank Nifty: Bank Nifty shares a similar sentiment with Nifty. The structure shows a 5th sub-wave within the 3rd wave (minor swing). Structurally, further long correction is less likely, so once the market faces rejection around the immediate support level, we could see a bounce back of 23% to 38% in the minor swing, potentially marking the 4th wave. This is our...
As we step into this trading week, the Nifty 50 index presents a mix of both bearish and bullish sentiments, driven by recent market movements and option chain data. Here’s a comprehensive look at the possible scenarios and the trading strategies to consider. 1. Market Overview and Current Sentiment **1-Hour Chart Analysis:** Looking at the 1-hour...
UTIAMC is poised for a significant breakout as it trades at its highest level ever. If the weekly candle closes with strength, it could be a good opportunity to enter a swing trade with a stop-loss placed at the weekly candle's low. Additionally, in the daily timeframe, the price is consistently making higher highs and higher lows. Disclaimer: This analysis is...
Banknifty support and resistance levels. Currently, the market has come down to the pattern I have drawn. also, yesterday broke down the ascending channel pattern. today it may take support on another trendline on the chart. plus, there is support at 50294.
Nifty support and resistance. note: support and resistance are dynamic, so I change the chart at every moment, I'll update the chart in the comments section.