Get started

Resistence

DETAILED TECHNICAL ANALYSIS ON CAPLIN POINT LABORATORIES.Few pointers from my analysis on CAPLIN POINT LABORATORIES: 1. The stock has consolidated in the Triangular pattern and currently near its major support. 2. The major support trendline is near 0.382 Fibonacci level, thus has done healthy retracemet. 3. The Horizontal support is broken on the downside, however on lower volumes. Conclusion: The current setup is awaiting price confirmation by breakout of the resistance on Triangular pattern with high volumes and Breakout of RSI above 50. Overall setup is bullish however entry can be taken prior to the confirmations. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
NSE:CAPLIPOINTLong
by saikrishna9999
GBPUSD holds onto bullish bias targeting 1.2450GBPUSD retreats from a one-month-old broad resistance area surrounding 1.2210-40 as the Cable traders brace for the UK data dump on Friday. The quote’s sustained trading beyond the convergence of the 50-SMA and 100-SMA, around 1.2070-65 at the latest, joins upbeat oscillators to keep the pair buyers hopeful of overcoming the key horizontal resistance zone. Following that, the previous monthly high surrounding 1.2450 could lure the bulls. It should be noted, however, that the pair’s successful trading above 1.2450 enables the bulls to aim for the 61.8% Fibonacci Expansion (FE) level of the pair’s moves between November 2022 and early January 2023, close to 1.2645. Meanwhile, GBPUSD sellers will need a clear downside break of the aforementioned SMA confluence, near 1.2070-65, for conviction. In that case, the 1.2000 psychological magnet and the monthly low of 1.1841 should lure the bears. If at all the Cable pair remains bearish past 1.1841, a downward trajectory towards the 50% and 61.8% Fibonacci retracement level of the quote’s November-December 2022 moves, near 1.1800 and 1.1645 respectively, can be expected. Overall, GBPUSD is likely to remain on the front foot unless the price stays beyond 1.2065 levels.
by MTradingGlobal
Gold buyers need $1,880 breakout for confirmationGold buyers struggle with an 11-month-old horizontal resistance, despite crossing an upward-sloping resistance line stretched from early October 2022. The upside momentum also finds hindrances from the nearly overbought RSI line. However, a looming golden cross, a condition when 50-DMA pierces the 200-DMA from above, joins the metal’s sustained trading above the previous key hurdles to keep XAUUSD bulls hopeful of crossing the $1,880 hurdle. Following that, the May 2022 peak of $1,910 and the late April high surrounding $1,920 could challenge the quote’s upside before directing March 26, 2022 top close to $1,967. In a case where the prices remain firmer past $1,967, highs marked during April and March of the last year, near $1,999 and $2,070 respectively, should lure the bullion buyers. Alternatively, pullback moves remain less harmful to the upward trajectory unless staying beyond the previous resistance line from October, close to $1,865. On breaking the $1,865 support, Gold sellers could aim for the 50% Fibonacci retracement level of the March-September 2022 downturn, around $1,842, which will precede the March 2022 top of $1,808 to limit the short-term downside of the metal. It’s worth noting, however, that the convergence of the 50-DMA and the 200-DMA around the $1,775-70 zone appears a tough nut to crack for the bears afterward before retaking control. Overall, Gold buyers appear to run out of steam but the bears have a long way to go before acquiring the driver’s seat.
OANDA:XAUUSD
by MTradingGlobal
MFL add to watchlista promising setup but one needs to catch it on green closing above the previous week for best entry for trading and if one wanna buy a great R:R can enter at cmp but with strict SL SL will be closing basis below support zone in weekly timeframe or as per your setup target as per fibo level one can take a sum of profit or trail as per fibo level or there own setup one thing keep in mind its a weekly chart all the target must be follow on weekly basis do u own analysis i might be wrong i am not a sebi registered advisor so trade on your own risk
NSE:EPIGRAL
by suhailafzalkhan
Closely watching HDFC BANKNSE:HDFCBANK From this weekly chart of HDFC Bank we could see how the stock has been consolidating within the tight range of 1590 - 1650( yellow lines) The stock is just 6% - 7% away from its all-time high. So I will be watching this tight range ( expecting a breakout) considering support for bank nifty at the 42850 - 42700 level. Apart from technical aspects, it is important to closely watch the monetary policy for tomorrow. The market expects a 25 - 35 points hike. *Analysis is completely for educational purposes and not any kind of stock recommendation.
NSE:HDFCBANKLong
by RamRaju61968