Hi everybody, Today, during Wednesday's Asian trading session, EUR/USD remained firmly above the key psychological mark of 1.0700. The US dollar weakened on weaker-than-expected April PMI data, which provided support for the pair. According to technical analysis from the chart: After bouncing from the lower boundary of the parallel price channel, the price is...
#NSE:FINEORG - (DAILY) CMP - 4451.45 TARGET - 4750, 4800 WEAK BELOW - 4320 ~Stock consolidating in parallel channel ~ Last day candle gave Inverse H&S breakout Disclaimer: This is not a buy, sell or Hold recommendation. It is only for educational purpose and learning technical analysis. Please do your own analysis and consult your financial advisor before...
Hello everyone, what do you think—should we buy or sell gold today? Gold is currently trading around 2,323 USD/ounce, with little movement since the beginning of the day and is continuing its downward trend. This weakness is largely due to tensions in the Middle East showing signs of easing and investors taking profits and reducing leverage in precious metals...
NIFTY Levels for Today Here are the NIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop...
BANKNIFTY Levels for Today Here are the BANKNIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL...
Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 50 points as we are getting very few trending moves. If we do trades in between these zones premium eating will happen and we end up seeing losses.
#SYNGENE headed towards 680 i.e. bottom of the trading range of 760-680 that is in place since Oct'23 680 has been successfully retested 5 times since Oct'23 Looks like a favorable risk-reward #swingtrade setup for 10% gains in one qtr with buy levels at 680/660 & exit at 760
Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trades. If we do trades in between these zones premium eating will happen and we end up seeing losses. Book profits every 30 points as we are getting very few trending moves.
Till the time 65420 is support look for 70000. RSI is above 50 also showing bullishness, Macd is also showing bullishness. We can see 66500 and 67500 and 68500 70000. Plan Accordingly, Happy trading. 😉😉
BankNifty slightly varies from Nifty. We have a clear correctional variation: if the market sustains the gap-down, it may go into flat correction, reaching a minimum of 47853 to the 38% Fibonacci level. One more thing, if it finds support around 47853-50, then we can expect a range market, possibly reaching the previous high again. But there's no problem if it's...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 25-04-24 Book Profit If you have ANY in holding. Head & Shoulder Pattern will emerge. It gives bearish signal to change the Uptrend into downtrend after some futile effort to close above previous high. Now “Sell on Rise” will play for next few months. Stay In...
Good morning, friends! Here are the directions for April 25th: The global market trend is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a decrease of -70. Nifty had closed with consolidation in the last session. In this...
Nifty will be gap down opening in today's session. After opening nifty start trading Below 22380 level and then possible downside rally up to 22260 in today's session. in case nifty trades Above 22440 level then the upside target can go up to the 22560 level.
Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level & this rally can can extend another 400 points if market gives breakdown 47450 level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level.also possible...
MISHRA DHATU NIGAM ready for 460,472 & 484. On daily frame, formation of Inverted Head & shoulder pattern may hit targets upto 484
As much i think, Nifty is forming Head and shoulder pattern and ready for big fall. Vix has gone down and reason of fall may be big events. I think we are going for big event in light mode. Disclaimer:-This is just a view and i am still learning. It is strictly not buying or selling advice
National Fertilizer ready for the levels of 112 and 122 on daily frame. Inverted Head & Shoulder pattern formation may result in target of 112 & 122.
The price approaches a resistance level, we have two potential scenarios: if it breaks through the level convincingly, it could signal a bullish opportunity for a long trade. However, if we observe a rejection candle forming at that resistance, it might indicate a potential reversal and a forthcoming decline in price.