GBPUSD struggles to extend the biggest weekly gains since early March while confronting a five-week-old horizontal resistance area surrounding 1.2700-2710 early Monday. In doing so, the Pound Sterling takes clues from the overbought RSI (14) and the sluggish MACD signals while hovering near the upper end of the one-month-old rising wedge bearish chart formation....
Cromton Greaves broke out weekly Trendline. But need to break horizontal resistance Good trade if planned well
NSE:TATAMOTORS is now at an interesting point. It can move either but I have positive bias.
One of India's biggest wealth maker is giving opportunity to enter. India VIX has fallen, global tensions seem to be calm. If Crude is under control then margin pressure will be released and profit may see good upside. Sufficient demand is already there.
Last year's hero has been underperforming this year but now seems to be getting back in the run up.
NSE:GSFC broke out and has now completed the retest as well. Expecting the move to continue from here.
If you missed trade in FSL then here is another one. NSE:RUSHIL double bottom breakout awaited on closing basis, price broke out today. Weekly chart looks even stronger, earlier than before. Expecting 20% gains soon.
NSE:COFORGE is now available at a major support. Signs of reversal should lead investment opportunities into this stock. Majorly owned by DIIs and a professionals led management makes it a good stock at PE of 34.
This bank is caught in a 10% range box from almost 4 months now. This is the 7th time stock is near to lower end of the box which indicates weakening of support. NSE:INDUSINDBK is now ready to move out of this box.
Multiple inside bars and C&H pattern indicating a positive move for the stock. Results are due on 17th May for Q4. A significant part of company's revenue comes from overseas operations and subsidiaries. Let' see if it breaks out before results as we are almost a week away.
$CROMP up and going with a 5%+ move. A beautiful double bottom breakout for this consumer goods manufacturer.
After brekaout of Godrej Properties and good sales number from Birla Estates, NSE:OBEROIRLTY is forming multiple inside bar and preparing for C&H breakout.
After months of corrections, corporate action and consolidation Astral is finally ready for new highs!
Nifty has taken support from 21821 and that's it. This is our low. Markets will not fall below this and now we are going for new all-time highs. Modi government will come back to power and this will fire up the markets. Good luck!
UJJIVAN Bit risky as near resistance But aggresive traders can make a entry near 580 SL 550 CMP 589
TVS Motor Company Ltd. is another interesting chart with following 1. RSI on all time frames (DWM) above 60 2. Both SRS and ARS above zero 3. Price took support at 20 Week SMA 4. Narrowing Bollinger Bands on weekly chart 5. Price walking on upper Bollinger Bands on daily chart. 6. ABCD Pattern under formation on weekly chart Can be a good risk reward with...
Technical analysis from TradingView highlights that gold recently touched $2,360 and even approached $2,380 before facing some resistance and correcting downwards. Despite this, the sentiment remains that a round bottom pattern may indicate potential growth in prices, with key levels being watched at around $2,365 and $2,379 (TradingView). The ongoing...
Technical Analysis Support and Resistance Levels: Support Level at $2400: This level has proven to be a strong support as prices have rebounded after reaching this level. It indicates that there is significant buying interest at this price point. Resistance Levels: As gold moves up, the next resistance levels to watch would be around $2450 and $2500. These...