Chola Fin is in strong uptrend and recently has broken out from Triangle pattern. One can Buy Chola Fin around 1485 with SL 1452 for TGt 1550-1600
Sep 3, 2024 @ 10:20 am Nifty seems to be going up in an ABC wave pattern. However, the momentum is missing. In the current ABC wave, it seems to be forming the B wave downside. After the B wave is complete, the C wave would begin. However, for the C wave to show an upside momentum, it has to first cross and sustain above the 25,300 level. If the C wave...
🔍 Technical Analysis: India Cement stock has recently broken out from a multiyear resistance level with substantial volume. This bullish signal could indicate a strong uptrend. Here's a breakdown of the key technical indicators: Resistance Level: The stock has breached a significant resistance level, indicating a potential new phase of growth. Volume: The...
The USDJPY currency pair has fallen for the first time in five days after hitting a resistance level on a one-month-old chart pattern. This drop reflects a shift to safer investments as traders await important economic data and deal with the return of full trading activity after a long weekend in the US and Canada. Buyers losing ground Along with the change in...
GBPJPY reached a one-month high but then pulled back from the 200-day moving average (SMA) as traders get ready for important news this week, including PMIs and the US jobs report. The US and Canadian Labor Day holidays are allow the cross-currency pair to consolidate the previous weekly gains, especially amid the cautious mood in the market. GBPJPY buyers...
Accumulation volumes in the last few sessions. inside candle formation. lower wicks in the candles.
Gold prices are currently stable within a triangle pattern that's been forming for a week. Traders are waiting for the US Core PCE Price Index data for August, which is the Federal Reserve's preferred measure of inflation. Gold prices have been fluctuating around last week’s record high, and technical indicators like RSI and MACD suggest mixed signals. Buyers...
EURUSD pares its biggest daily loss in 11 weeks early Thursday. In doing so, it's bouncing back from a key support level and the 50-Exponential Moving Average (EMA). EURUSD bulls take a breather… This rebound suggests that the Euro might be running out of steam before important economic data is released. Among them, the first reading of Germany’s inflation...
GOLD is sideway around 2504-2490 after Wyckoff. I expect it will break out to the strong liquidity at 2485-2482 to continue the UP trend. My Plan For GOLD : BUY 2485-2482 SL 2478 TP1 2492 TP2 2498.5 TP3 2505
Gold XAUUSD trend analysis for September 3, 2024: The gold price on September 2, 2024, did not break the previous sideways range. Currently, short-term investor confidence mostly predicts a deep correction towards the 243x - 244x area, followed by a continuation of the long-term upward trend. If the 248x area is broken, this correction will be officially...
UTIAMC on verge of a nice breakout trading at all time high. If weekly candle closes strongly one can enter for a good swing trade placing stoploss at weekly candle low. Also in daily timeframe price is moving continuously higher with higher high and higher low. Keep Learning, Keep Trading. ⚠️Disclaimer: The views expressed here are merely personal opinions....
Looking at H1 we see that the price has reached the target of wave 4 that we expected and then decreased near TP3. Once again I would like to congratulate all of us on continuing to have a big win near Full TP3. - So now the price is completing the down wave 5 to then continue to increase - Looking at the overall correction, we can easily identify that this is a...
The H4 chart of USD/JPY shows the pair trading under a descending trendline with consecutively lower highs. The 34-day EMA currently sits at 145.707 USD, near the lower support level, serving as strong support if the price continues to decline. The MACD indicator shows divergence between the MACD line and the signal line, indicating weakening bullish momentum,...
#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...
On Daily time frame it has formed a Bearish Engulfing pattern and on lower time frame we see a trendline support by breaking it will see more down side movement, levels are marked on chart Just a View Not a Reco...
The 4-hour (H4) chart of XAUUSD shows a strong resistance at $2,500, where the price has repeatedly failed to break through, indicating dominant selling pressure. The 34-day EMA at $2,506, close to the current resistance, reinforces the short-term downtrend if the price cannot surpass this level. Current candlestick patterns also support the short-term bearish...
Huge potential is there. For short term investment ; Leave a " Like If you agree ".👍 Follow for regular updates✌️ . . Very close Stoploss is Enough . Wait for small retracement & daily candle to close above - "90" . This may be Slow and Time taking stock, but good for investment Portfolio. . . Enter after market Breaks "Yellow box" mentioned. . . Don't make...
Tilaknagar Inds cmp 282.80 by Daily and Weekly Chart views - Resistance Zone at 284 to ATH 291.40 Price Band - Stock has formed Bullish Cup & Handle on both charts with neckline at Resistance Zone - Price well above EMA 14, 21, 50, 200 indicative of good undercurrent for further uptrend