Disclaimer: This discussion is meant to be educational in nature and not a recommendation as I'm not a certified analyst. Why do I look at things beyond just the technicals? Because the market is smarter than just technicals. We must try to understand GOM moves (God of the Market) :) Fundas & News: (a) Nifty50 and BankNifty stock (meaning money flow into...
NH is having perfect contraction and accumulation and is now set for a blast. Swing positions can be built for a target of 1685 at least. Holding period could be over a month to couple of months. But it should give good returns.
Nvidea recently cooled off Going into a sideways correction Sales have been hit But, new product mix and better servers and Cloud solutions in GPU's are coming out
Super price and volume action Good Structure Good Fundamentals Portfolio stock
Golden Information Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though traders bought the Greenback. The XAU/USD trades at $2,490, down 0.34%. Gold prices fall despite stronger US Dollar amid economic slowdown...
Excellent Fundamental Rising Price and good supporting Volume action Good support at 21 EMA Price structure is 👍 If crosses above 170 on heavy volumes may continue 230. Do risk management before taking entry.
Bank Nifty is showing tremendous probability of an upmove. Only HDFC Bank needs to come to the party. Any short move will be a trap to squeeze all the shorts and then there will be a short covering. Enter long once price closes above 51475 only.
XAUUSD Gold Analysis for September 4, 2024: Yesterday, September 3, 2024, the gold price adjusted down as anticipated, currently forming a bottom at 2473, with two bottoms appearing on the H4 chart, indicating a high likelihood of creating a new peak and continuing the upward trend. Tonight, there will be news on the "FED interest rate decision," which will...
The GBPUSD currency pair is currently at its lowest point in over a week as traders wait for important data releases on Wednesday. This data includes the UK’s S&P Global/CIPS PMIs for August and the US Factory Orders and JOLTS Job Openings for July. The Pound Sterling has recently broken below a key support level comprising a one-month-old ascending trend line,...
Banknifty took support on trendline that i drawn a lot of times, currently looks like rejecteting.
INTRO Current Status 1.Gold prices fall despite stronger US Dollar amid economic slowdown signs. 2.US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief. 3.Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473. Gold price is upwardly biased, even though...
#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...
Sep 4, 2024 The upside rally which Nifty began post August 15, 2024, has slowed down in the past 3 days. On Sep 2nd and 3rd Nifty kept hovering around the VWAP on 1, 2, and 4-hour charts. The candles are no longer moving up hugging the upper band of the Bollinger Bands. In fact, they have moved away from the upper band, while the upper band has kept going...
Nifty currently rejecting from the trendline before its has good support.
The stock chart of Spencer's Retail Ltd. is currently showing a bullish trend, with price action suggesting a possible upward breakout. The stock has recently taken support at the 100-day moving average (98.94 INR) and is trading around 98.24 INR. Here's why it should be in focus: Strong Support Zone: The stock has taken support near a strong demand zone between...
Chart Pattern Looks Good CMP@1108 RSI Bullish Spread Chart Bullish Spike In Delivery Volume Stock Above 30 DEMA
Good morning, friends! 🌞 Here are the directions and levels for September 4th. Market Overview The global market experienced a significant decline in the previous session, structurally indicating a bearish sentiment (based on the Dow Jones). Our local market has been maintaining a moderately bullish sentiment. However, today the market may open with a...