Profit
XAUUSD GOLD TECHNICAL ANALYSIS FOR UPCOMING MARKET EVENTS XAUUSD Technical Analysis
Strong support: 1939 / 1914.
Strong resistance: 1954 / 1965
Gold is testing sideways range support and several scenarios could develop from here. You have to be prepared for each one.
It is forming a triangle pattern. A decline in the dollar will strengthen our gold.
The moving averages indicate that consolidation is forming. If there is not a strong pullback upwards, in the medium term we should expect a fall in price along the trend
If the dollar goes down and forms a correction, gold will strengthen to 1965 and possibly to 1984, but if the dollar continues to rise after exiting the triangle, gold will start another decline to 1914.
Massive Inverted Head & Shoulder Break in Cignittec weekly chartA massive Inverted Head and Shoulder breakout is about to happen any time on closing basis, above 635 for a target of 900. I will mention the Stop loss After completion of the successful breakout.
I will keep you posted.
Please share your thoughts/opinions....very important to me.....
Emotions should not affect our trade management systemTrader should identify emotions that are affecting our trading management decisions, and find genuine solution to over come from the same to become a better trader.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
AIA ENGINEERING :MY STOCK FOR THIS WEEKAIA Engineering, a certified ISO 9001 company, specializes in the design, development, manufacture, installation and servicing of high chromium wear, corrosion and abrasion resistant castings used in the cement, mining and thermal power generation industries.
Market Cap of Rs. 26,257 Cr and low PE of 26.73 against Industry PE 35.88 . With a consolidated net Profit rise of 155.11% in Dec 2022 , the stock is determined to make an all time high. Fundamentals are strong, so are the Technical Indicators as mentioned in the chart. The Stock is in range for last 14 days and can break out any time to touch its first target of 3334.90. Afterwards we can trail the stop loss as the stock is going to make an all time high. Aggressive traders may enter the trade with SL as 2667 , conservative may wait for the breakout(finger Crossed) .
Boost My Idea if you agree with me , Good Luck friends!!!
Banknifty Trade Setup for Wednesday 15th of FebBN is looking bullish in 15 min TF and also Formed a demand zone in two hours TF and also near a breakout level on daily time frame
Levels are marked on chart So trade Accordingly
For more information msg me ( Six Two Six Zero Seven Five Seven Zero Four Six)
BHEL : Will turning fundamentals lead to an unpredictable move ?NSE:BHEL quoted profits after many quarters. The rising demand from real estate will support the growth and earning of Bharat heavy electronics in near future. Investors can add this FALLEN ANGEL in their Portfolio.
- Strong balance sheet
- Good Promoter holding (63.17%)
The idea shared is for educational purpose only.
History Repeats HISTORY REPEATS ITSELF
NTPC has formed similar patters in the past and on a break of the trendline and has soared a good 12%-19%, making it highly probable.
NTPC breaks its downward trendline on high volume with support from 50ema
Options Data: 7% increase in one day on open interest causing a long buildup
Target of 183.05
Stop loss at 164.65
Keep it Simple
GODFRYPHLPBreakout FROM 52week high on monthly bases
then formed a base on weekly time frame in rectangle and consolidated.
now breakout from rectangle as marked on chart and restested we can enter now.
this is not buy or sell cal do your own research before taking any trade. do consult your financial advisor
LTI bullish again after long consolidationReasons -
1. Already in an uptrend and now broken out from pennant pattern with considerable volumes.
2. Overall market structure is positive along with LTI's index
3. Successive Higher lows
Apollo Tyre to take long entryLong Apollo Tyre above 290 after the Break out level, for the next target level of 315-320 with SL 0f 279. Stock making higher highs on the long-term chart. RSI Also making positive divergence & moving above 60 is again the bullish sign. This is for your educational purpose only.
Indusind bank on crucial supportIndusind bank has been losing steam after a big rally it is currently in a very critical spot with respect to its recent price action.
1. The price is trending at the recent support.
2. Price has formed a triple top before settling on the support zone in the last trading session implying the strength of bears in the market.
3. There is approx a 10% momentum possibility in both ways if the price takes to support or breakdown from the zone.