We had a very narrow range movement today. And we can see the price is at support now. Price has formed a descending triangle pattern also. Buy above 21840 with the stop loss of 21790 for the targets 21880, 21940, 22000 and 22060. Sell below 21750 with the stop loss of 21790 for the targets 21710, 21660, 21620 and 21580. Check the live market updates. Hit the...
Traders, take heed! Jyothylab is presenting a compelling bottom formation on the charts, hinting at a potential reversal in its fortunes. Supported by robust volume and the underlying strength of the pharmaceutical sector fundamentals, this could mark an opportune moment to consider a position in Jyothylab. Technical analysis reveals a clear pattern indicating a...
The trade is already activated and it give me more than 17% return in just 7 trading session, I am sharing just for educational purpose. As you all can see the blue line it is 2024 year open price value, it also act as (resistance / support) in most of the cases. The price is taking support at yearly open level and from 200 EMA as well Also a tight consolidation...
NSE:NIFTY Time Frame: Daily Ascending Channel An ascending channel is a technical analysis pattern used in financial markets to describe the price movement of a security or index, like the Nifty. It's formed by drawing two parallel trendlines that connect the higher highs and higher lows of the price action. This pattern indicates a bullish trend, with...
Good volume buildup in this type of falling market. Taken support on the trendline after breaking the resistance with good volume If breaks the current candle high then can give good move. NOTE: I do my analysis do your before trade.
📊 Script: DEEPAKNTR 📊 Sector: Chemicals 📊 Industry: Chemicals Key highlights: 💡⚡ 📈 Script is trading above its Resistance level which is 2500 on Weekly Chart. 📈 If Script is able to sustain above 2500 level we may see good rally into stock. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 2513 🟢 Target 🎯🏆 - 2733 ⚠️ Stoploss ☠️🚫 - 2396 ⚠️ Important: Always maintain...
📊 Script: OIL 📊 Sector: Crude Oil & Natural Gas 📊 Industry: Oil Drilling / Allied Services Key highlights: 💡⚡ 📈 Script is trading near at its resistance level which is 645. 📈 Script should give closing above 645 level so that we can see good rally. 📈 Script is trading at upper band of BB. 📈 MACD and Double Moving Averages are giving crossover. 📈 Right now...
Date: 7-May-2024 Rating: Buy - Positional Trade LTP: Rs. 456.55 Targets: (1) Rs. 485 --> (2) Rs. 554 --> (3) Rs. 656 SL: Rs. 412 on daily close basis Technical View: • NSE:JYOTHYLAB is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 554 on 24-Jan-2024, it has retraced 30% to 388.30 level. •...
#Banknifty:8th May Step1: 48161-47970 -S1 zone. Try long.Only intraday aggressive traders. Step2: if 49508-R1 reached exit long, enter short. Step3: 47745-47575 - S2 zone. Exit short...and confirmed for fresh long.
Hello everyone, it's RKarina again! Today, gold prices continued their recovery since Monday, with the metal up more than $25 since the start of the new week. Although gold has experienced two consecutive weeks of price declines after a 5-week recovery streak, overall investor sentiment is still optimistic about this precious metal. From chart analysis, we see...
World gold price is currently trading around 2,320 USD. “The recent decline in gold prices that we have seen over the past few weeks may be weakening,” one expert noted. US employment data has weakened the USD, creating an opportunity for world gold prices to increase." According to technical analysis, in the short term, gold's next resistance level is 2,360...
Hello friends! The hesitant movements of the US Dollar (USD) seem to have created enough momentum for the continued uptrend of EUR/USD at the beginning of the week. However, the pair failed to retest or clear the key hurdle at 1.0800 for a fourth straight day of gains. The sideways trend is expected to persist and the pair will soon encounter resistance at 1.0800.
Maker has a market cap of $2.6 Billion and is ranked 45th in the Coinmarket cap. MKR has a total supply of 977631 in which 92.5% is circulating in the market. MKR token is currently trading at a price of $2819 with a slight dip of 1.4% in the intraday session. The asset price is currently trading in between the 50 and 100 EMA. MKR upside trend can see a halt near...
Nifty 50 Nifty has a Resistance zone of 22430 to 22520. Above these levels of 22520 it can test levels of 22630 and 22780. Nifty has a support of 22220 to 22280, failing to sustain these levels it can further falls to levels of 21980 to 21920
Hello & welcome to this analysis S&P has entered the PRZ of a bearish Harmonic ABCD pattern. It gets activated below 5175 and negated above 5210 A reversal from here could form a lower high in the index
Please find below simple resistance and support: Resistance: 22329 If crossed up then will see upward move as follows: TGT: 22450 Support: 22231 If crossed down then will see downward move as follows: TGT: 22167 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY...
Major Trend line breakout, SuperTrend turned buy then again pulled back took support from ST and broke minor trendline with good volumes RS is positive RSI crossing 60 Momentum is positive and above MA Volumes on down days are extremely contracted Can be bought with SL 59.55 with tgts of 1R and even 84
Volatility and Volume Contraction on Daily Charts and Price breaking with strong volume RSI going above 60 Momentum indicator going above avg line Relative strength is strong Price broke Super Trend as well Looks ripe for strong upthrust Can Be bought with 209 SL and 290 1st tgt