Gold prices edged lower at the start of the week after posting solid gains from haven flows that were seen outperforming higher government bond yields across most of the globe. The price of precious metals decreased not because gold's upward momentum was over, but because the market needed to consolidate with resistance at 1,985 USD/ounce.
Currently gold is trading around 1980 USD and has increased a total of 7 USD today. It can be seen that after the Fed chairman's speech yesterday, gold's reaction was not too strong but still developed with the highest impressive number in the past two weeks since October 6.
The reason gold prices increased cannot help but mention the fact that the gold market...
NSE:BANKNIFTY At a Crossroad.
After a big rally, it has created a Cup and Handle Pattern, which is a Bullish Pattern. The minimum target in that case would be 47000.
But if 43600.35 Support is taken out then a Double Top will form which can take the price down to at least 40000. So, one should trade with caution.
At this crossroad between two opposite bias...
NSE:ABFRL was in a steep downtrend in the past.
It can be observed from the Candlestick Chart that this Down Trend line has already been engulfed and the price has retested it.
Currently, the Price has been able to break a Lower High and started creating Higher Highs and Higher Lows on the chart, which is a signal of the beginning of an Up-trend.
The price has...
NSE:BIOCON after a big fall has been able to create a HH and HL, this is an indication of an Uptrend.
And the price has just reacted from a Trap Zone, hence expecting it to go up to 281 for now, which is approx. 9.44% Return on Investment.
🌷US Dollar, Treasury Yields, Israel, Federal Reserve, GVZ Index - Talking Points
- Gold prices appear to be comfortably above the USD level during Wednesday's trading session
- Treasury yields after hitting new highs again but gold seems unaffected by that
- The US dollar has been volatile despite global instability. Will XAUUSD continue to rise?
NSE:HDFCBANK has created a Bearish Diamond Pattern in the Weekly Chart.
Ideally, the Price should go down once the nearest Support Breaks and retracement happens.
But trading in futures and Options is inherently Risky and one should avoid it.
This analysis is for educational purposes only.
Disclaimer: Stock trading is inherently risky and you agree to...
NSE:LAURUSLABS had fallen down much in the past. A few weeks back it had engulfed the Down-trend Line, which is a signal for an Up-Trend to start.
A curious U-shaped recovery can be observed in this chart. Overall we have a Trap Zone and the price is consolidating over it, hence my expectation is it should Go Up.
A Long Term Target of 449.05 is quite possible....
NSE:LICHSGFIN in the past was in a severe downtrend but now it has been able to break a Lower High and make a Higher High on the chart. This is a Signal for a change of Trend.
The expectation is price will reach 587 in the near future. This is a Return on Investment of 38.44% approx.
This Stock should be Bought at every Dip and Hold for a Target of...
COROMANDEL INTERNATIONAL LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Parallel channel Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1025+.
✅Can Go Long in this stock by placing a stop loss below 960-.
BSE:BANKINDIA After a big downtrend price has been able to break the trendline and create a "U" shaped recovery, and also broke Lower High, this indicates that the price has changed its temporary downtrend and shall go up.
Expecting a Long-Term Target of 216 for now.
Last couple of days NSE:NIFTY has rallied sharply, now today, after Gap Up price has created a Hanging Man candlestick pattern in the Daily Chart. This is a Bearish pattern.
Hence, I think, this should ideally take the price down to 19035 for now. And from there I expect Nifty to achieve another Higher High till 19535.
NSE:DIXON has just broken an important Resistance. The expectation is it will make All Time High.
A Target of 6500 to 7000 can be expected in the long term. This will be approx. 50% Return on Investment.
Hold and Buy on every dip. #investment
Key highlights: 💡
✅On 1 hour Time Frame Stock Showing Reversal of Downtrend Channel Pattern .
✅ It can give movement upto the final target of Above 3275+.
✅Can Go short in this stock by placing a stop loss below 3191-.