As this stock was added to MSCi Index on 30th November, we observed an extremely high volume buying with a significantly smaller candle, which indicates an significant inflow of funds from Institutions and key players tracking the index.We can expect more buying happening in this stock in coming days if it closes above 2,900 in today's trading session...
Although the EURUSD pair is all set to register the biggest monthly gain since September 2010, a bearish RSI divergence on the Daily chart challenges the quote’s further upside as traders await Eurozone inflation and a speech from Fed Chair Jerome Powell. The price-negative signal could be known when the quote makes higher highs but the oscillator, RSI (14) in...
After closing a positive week on the red side, AUDUSD remains on the bear’s radar as it broke a short-term symmetrical triangle, as well as the 50-SMA. However, the bears need a clear downside break of the previous week’s bottom surrounding 0.6580 to keep the reins. In that case, the downward trajectory could aim for the 200-SMA level surrounding 0.6475. During...
In daily chart, stock has already taken supports at demand zone and started to move up. In short time frame we can also see a previous high break of 46.60. Watch out for trend line breakout in Daily time frame for high Risk to reward trade. We can enter trade if price manages to close above 50. All possible targets are already marked in the chart. This is just my...
Gold pierces 50-SMA as it braces for the weekly gains with a four-day uptrend. The upside momentum also gains support from the MACD and RSI indicators and portrays a nice bounce off the previous monthly peak. With this, the yellow metal is set for refreshing the monthly peak surrounding $1,787. In that case, the $1,800 threshold gains major attention ahead of...
Despite the latest bounce off the 200-day EMA, a clear break of a fortnight-old ascending trend line and the RSI pullback from overbought territory favor gold bears to snap a two-week uptrend. The metal’s downside, however, appears limited as a three-month-old horizontal support area near $1,730 appears a tough nut to crack for the bears. Also acting as a downside...
The chart is self-explanatory. If stock gives a breakout above 1225, and sustains above can see the levels of 1300/1400. MACD crossover is likely to take place. Exit the setup if the price goes below 1120 levels on a closing basis for a couple of days. Only for learning & sharing purposes, not a bit of trading advice. Please share your views. All the best.
buy=415.15 stoploss=409.15 target-1=429.65 targe-2=415.15 risk to reward =1:4
Hello everyone! Now is the best time to go long in SKFINDIA. I have been tracking this stock since July'22 and it has given a fabulous one sided rally of 35% since then, it is going through consolidation from last 2 month(pl. go through chart for probable target and SL). Someone might consider it after breakout from trendline but I personally prefer a low risk...
NSE:JAMNAAUTO has broken the trendline and candle has closed above the breakout. Hence the short-term position can be taken. The target and the stop loss for the same is given.
Brent oil crossed a downward-sloping resistance from mid-June to refresh the monthly top on Friday. However, a sustained break of the 100-day EMA, around $99.50 by the press time, as well as the $100.00 threshold, appears necessary for the buyer’s conviction. Following that, the black gold price could quickly rise towards the 50% Fibonacci retracement of the...
In 5 months, we expect ONGC to rise 15% (approximately) from its current price. Invest - Max - 10% of your total capital in 4 chunks.
Indusind weekly chart looks promising as of now, pullback towards 1137 will provide good risk reward setup. After spending 45 weeks below this price, Indusind broke out on 5th Sept 2022. So in my humble opinion price should not go below 1137 or 1062 which is 200 weekly support. Any retracement towards this zone will give swing traders great opportunity to earn...
DELTACORP COMPLETE CUP AND HANDLE PATTERN Not recommendation only for education purpose
Today I am going to share a low risk but high reward setup in Adani Enterprise. Since 24th June 2022 this stock never gave daily closing below EMA 9 and if anyone gets entry near EMA 9 support which should be around 3358 as per Friday closing. Then this stock will give great Risk reward, people who have missed out entry on lower levels might try to enter near this...
Pfizer has comfortably taken its very long term support. Its a great price to add at. #EducationPurposeOnly #DoYourDueDiligence
IRFC Daily looking bullish, it has trendline breakout also Inverted head n shoulder BO. Daily candle has 200 ema support. Good to buy at 22.15 for target of 24.35 with sl of 21.30
Monthly TimeFrame : OverSold zone Weekly TimeFrame : Accumulation Daily TimeFrame : At a Orderblock