We can observe that the price has successfully closed above the previous 52 Week's high price which was a major supply zone and the price has reversed from that zone couple of times. Increased volume gives confirmation for zone breakout. The stock has the capacity to make nearly50-60% up move in the coming days. Trade set-up 1) Ideal entry price would be...
Finally stock has managed to break above the previous supply zone which was sustained for almost 8 years. For breakout confirmation stock has to close above 88 with good volume in the weekly chart. In the hourly chart, the price has given a flag and pole breakout with the first target of 100. SL for the trade can be placed at 77. All the possible targets are...
NSE:MUTHOOTFIN Intraday setup in Muthoot finance For option levels are mentioned on charts. trade with 11% stop loss trade with decipline keep learning happy trading DM for more info.
Gold fades the bounce off 61.8% Fibonacci retracement of July-August moves as traders await Fed Chair Jerome Powell’s appearance at the annual Jackson Hole Symposium. In doing so, the yellow metal not only takes a U-turn from the 200-EMA but also portrays a bearish flag formation in the four-hour play. However, the quote’s further downside hinges on its sustained...
Previous day price created a imbalance in market.We can see that titan is very bullish from days. Not going in the reverse direction of the market.
bank nifty is also confused and is making the traders uncertain we expect kind of same movement in bank nifty and will wait for more confirmation and proper entry in any direction thank you NSE:BANKNIFTY
This has run up in last 1 week very quickly. Yet this is just a starting. Keep tracking, any retrace around 400 can give a better entry point. Fundamental Trigger: - Gas price has increase substantially, Govt is diverting Industrial Gas to IGL & MGL to cool off the price of LPG. - Hence, Their input cost will collapse dramatically & Margin can revert back...
USDCAD extends the week-start pullback from a three-week high inside an upward sloping trend channel established since late October 2021. Given the downbeat RSI and the bearish MACD signals, the Loonie pair is likely to remain pressured inside the bullish chart formation. However, the 100-DMA support near 1.2785 could challenge the bears. Also acting as a downside...
Observed possible zone breakout in Jubilant Ingrevia. Where stock was trading in a range for the past few months. Now we can see the price moving towards the upper range with significant volume support. Also, it has already broken the previous trend line with good volume. considering these price is expected to move upwards. Trade set-up 1) Can enter trade if...
Possible Symmetrical Pattern Breakout in Daily time frame of SBI LIFE. If price closes above 1150, we can expect upside rally of nearly 10% in coming days. Ideal stop loss would be 1100 with risk reward of 2.5 Do your own analysis before making any financial decision. NSE:SBILIFE
USDJPY broke a five-week-old support line, as well as a horizontal area around 134.25 that comprises the levels marked since June 17, to refresh the monthly low near 133.75. It’s worth noting, however, that oversold RSI conditions challenge the bears ahead of the US PCE Price Index for July, the Fed’s preferred inflation data. However, the corrective pullback...
Good to Buy Quickheal at 204 with sl of 186 and target of 300+ Very Good Risk Reward TLBO on daily candle with 200 ema support
NLC India good to buy @65-68 levels , its moving in channel, channel high is the target 97 and channel low is sl i.e 58 , Good Risk Reward Ratio. More conviction bcoz of 200 ema support on daily candle.
Ganesh Benzoplast is ready for zone breakout. If we narrow down the time frame, we can observe price is constantly taking support at 50MA which is healthy price action. Breakout will be confirmed if the price closes above 142. Trade set-up 1) Enter trade only if price closes above 142 in daily time frame. 2) Possible targets for the trade153,170,187. 3) Stop...
USDJPY begins the week on a positive note by rising for six consecutive days to refresh the multi-year high. The yen pair, however, has limited upside room before hitting the key hurdles. The nearness to resistance joins almost oversold RSI to also challenge the buyers. That said, the upper line of the three-week-old bullish channel, near 137.35, appears the...
AUDUSD holds onto its bounce off a downward sloping support line from late January, as well as the 61.8% Fibonacci Expansion (FE) of April-June moves as traders await the Reserve Bank of Australia’s (RBA) third rate hike. Nearly oversold RSI also hints at the quote’s further recovery, in addition to the hawkish hopes from the Aussie central bank. The upside...
AUDUSD gyrates inside the one-week-old symmetrical triangle after the RBA Minutes and Governor Philip Lowe’s speech. Given the RBA’s hawkish bias and recently firmer RSI, the Aussie pair is likely to cross the stated triangle to the upside, which in turn highlights 0.7015 as immediate resistance. However, the 200-SMA level surrounding 0.7065, as well as the early...
AUDCAD can go further high after a retest of its previous resistance I CAN BE 100% WRONG KINDLY USE 0.50% AS SL