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SBIN: Impulsive Wave 5 has Already BegunSBI BANK has given a breakout of the 13-month-old Correction. RSI is above 65 , and the price trading above 200 EMA. At present, SBIN has accomplished the corrective wave (4) and started forming an impulsive wave (5). Price has already crossed the 1.00 Fibonacci extension of waves (1) through (3), so our next target should be Fibonacci's extension of 1.618%. Wave 4 was a choppy move as a triangle. As the price has crossed the 1.00 Fibonacci retracement, safe traders should wave for a pullback. If the price sustains above 442 , traders can trade above the following targets: 555 - 566 - 575+ . Invalidation: The 540 level was strong resistance, but now it is a crucial level. Failure of stability will deactivate this setup. Please note that we can't trade without proper risk management. The absence of risk management can wipe out your whole account. I will update further information soon. :)
NSE:SBINLong
by forextidings
EURUSD next move (1 week Prediction) with one hour chartAs per previous chart history, EURUSD can move according to the points as mentioned below: Short below @1.02600 Local Support Line @1.00980 Major Support Line @0.99000 below this blood bath in EURUSD but if reversal then these support lines (Local, Major) will work as resistances. Long above 1.03100 TP1 @1.03300 TP2 @1.03800 TP3 @1.04100 These are my calculations and not investment advice. Do you own research below putting any trade because market is very volatile.
by ForexTrader4all
GOLD H1HI GUYS, i hope all of us diong very well gold h1 chart update last few days we are posting chart analysis its hit ratio alomst 99%,we analysis the market move after move very closely every day , we are using pure price action and fundamental ,use this information wisley more accuracy on your trading bullish targets 1757,1753 this zone HOLDING above the price next target open on 1767 1771,1767 this zone HOLDING above the price next targets open on 1780 bearish targets 1757,1753 this zone HOLDING below the price next target open on 1757 1757,1753 this zone HOLDING below the price next target open on 1747 thank you so much... guys use this informtion wisley
OANDA:XAUUSDShort
by Forextamil
GOLD H1hi guys , i hope all of us diong well now quick update on today market contition down side on swing range 1770,1767 this price fakeout and holding above market will move on next target 1783.1770,1767 price break and holding below this price then open on next target 1756 .up side on swing range 1782 ,1786 break and hold above this price then open next target 1801 ,or 1782,1786 fake out and holding below this price net target 1770 other wise low volallity market moves on choopy side ways .
OANDA:XAUUSDShort
by Forextamil
EWT - MCX Zinc Is Ready For Its Final Impulse MCX zinc has been forming the corrective structure in descending channel for more than 28 weeks. The ending point of impulse was 383.55 . At present, MCX zinc has accomplished the corrective wave ((B)) and started forming sub-waves of the impulsive wave (C). Price has completed 78.6% retracement, where wave A = C at 217 . Zinc has accomplished wave (4) of wave ((C)). Wave ((C)) retraced 61.8% of wave ((A)). Zinc is trading below 50-day EMA , and RSI is above 30 . Zinc will try to test the price hurdle of 267 , so traders can sell zinc nearby 267 for the following targets: 252.6 - 246 - 244. Target measurement using the Fibonacci relationship: Wave (5) of wave ((C)) can end near 161.8% reverse Fibonacci retracement. Wave ((C)) can occur near 100% extension at 217 , where wave A = C . Wave ((C)) can cease to exit at the lower band of the parallel channel. I will update further information soon.
MCX:ZINC1!Short
by forextidings
1
EWT - Is EICHERMOT Forming Wave (5) Of Its WaveCycle?Timeframe: Daily NSE EICHER motors have accomplished the corrective wave (4) and started forming impulsive waves (5). The price is currently forming sub-waves of the impulsive waves (5). Wave (2) was a sharp zigzag, so wave (4) formed the choppy structure triangle. Since wave (3) was an extensive wave, we cannot expect wave (5) to extend with a high probability. Eicher motors have given a good breakout and broken out wave 2 of the triangle and impulsive wave (3). If the price sustains above 3790 , traders can trade for the following targets: 3948 -3992 - 4030+ . I will update further information soon.
NSE:EICHERMOT
by forextidings
2
MCX Gold Elliott Wave Projection For July 2022Gold has accomplished the final correction wave (Y) of wave ((B)) and has begun to form sub-waves of the corrective wave ((C)). Currently, the price is at 100 EMA & the lower band of the parallel channel. It appears that the movement of gold is being dominated by bears, as it is making lower lows and lower highs. If the price breaks down the parallel channel, traders can initiate a short position for the following targets: 50153 – 49600 – 48560 . It should be noted that the breakdown of the parallel channel is also the breakdown of the 100 EMA. 49600 is a pivot zone for gold. If the price sustains below 49600 , traders can expect rapid bearish momentum.
MCX:GOLD1!
by forextidings
10
Nifty Extended But In A Limited Price RangeNifty has made a wammie bottom on the 4-hour timeframe chart. It is forming on the descending channel. Currently, Nifty is facing resistance on the upper band of the descending channel. There is a strong resistance as well as a confluence zone of 16400 . If nifty breaks the resistance level of 16400, it will be confirmation of an upward march for 16518 – 16708 – 16820 . The upper band reacts as a supply zone to the price. Also, highs price attracts sellers more. If nifty sustains below 16400 , traders can expect the following swing targets: 16161 – 16088 – 16014 .
NSE:NIFTY
by forextidings
2
NSE TECHM: Multiple Timeframe Analysis ---------- Timeframe: Monthly---------- After making an all-time high(ATH) in 1838 , prices have started collapsing to correct the previous move. The fair value area has given two resistance on the upper band, and four supports on the lower band of the channel. Excess is showing that sellers are very aggressive with their inconvenience levels. Key Level clusters: 1) 995: -  Fibonacci level of 61.8% - A lower band of the parallel channel - Monthly support level 2) 764: - Fibonacci level of 78.6% - Monthly support level at 747 These are Strong reversal zones for tech Mahindra. If the price takes support at this level, we can see an impulsive move in upward direction. Breakout of the channel will lead to 2nd key-level and more bearish. ---------- Timeframe: Weekly---------- The weekly timeframe gives information about the bearish atmosphere. Price has formed head & shoulders on the weekly timeframe. Supply pressure has broken down the neckline with a retest at 1302 . H & S target measurement says that price can fall up to 955 . (Base scale: distance from head to neckline) ---------- Timeframe: Daily---------- After creating a high of 1838, the price has to fall for the corrective phase. Price has completed the corrective wave (B) and started occurring wave (C) of the correction phase. We are clueless about trend reversal because the price is out of the parallel channel. If the price sustains below the lower band of the parallel channel. Traders can trade for the following targets: 1064 - 1006 - 995 . Please note that 955 is our monthly support level, so we can also initiate the buy position when the price sustains above it. The entrance of price into the parallel channel may lead short-term bullish perspective.  I am not admire falling knives. If the price enters the parallel channel, traders can buy for the following targets: 1180 - 1234 - 1299 . Trend change is unacceptable until the breakout of high of wave 4 of lower degree. I will upload further information soon.
NSE:TECHM
by forextidings
2
NSE CIPLA: Price Action AnalysisCipla has formed a downtrend channel for two months. Prices are moving below 200 EMA , which indicates a bearish atmosphere. We can see a downtrend channel on the 4-hou r timeframe chart. Currently, the price has taken support at the lower band of the parallel channel. It has made a range at 938. If the price sustains above 938 , It can touch the upper band of the parallel channel. Price will make a new low after the breakdown of the parallel channel with heavy supply pressure. I will Update further information.
NSE:CIPLA
by forextidings
1
Gold's Next Bull Leg In ProgressBull Gateway: 1852 Gold spot has created three consecutive positive bars in the last 25 trading sessions (36 days) for the first time. And it's above 200 MA. That's a good sign for buyers! If gold breaks the parallel channel, my upside targets are 1866 - 1882 - 1906 - 1920 . But, it hasn't broken the parallel channel in the last trading session. It's at the resistance line of it. And XAUUSD is quite far to the bull gateway level. So, wait and watch is an option for bull traders. Gold's downtrend will start from the 1832 level. If it fails to break the parallel channel, then go for the following levels blindly: 1826 - 1812 - 1800 Watch significant releases or events that may affect the movement of gold, silver, crude oil, and natural gas. Tuesday, May 24, 2022 04:30 FOMC Member George Speaks - Low Impact 19:30 New Home Sales (Apr) - Medium Impact Wednesday, May 25, 2022 18:00 Core Durable Goods Orders (MoM) (Apr) - Medium Impact 20:00 Crude Oil Inventories - High Impact 23:30 FOMC Meeting Minutes - Medium Impact Thursday, May 26, 2022 18:00 GDP (QoQ) (Q1), and Initial Jobless Claims - High Impact 20:00 Natural Gas Storage - Low Impact Friday, May 27, 2022 17:05 FOMC Member Bullard Speaks - Low Impact
OANDA:XAUUSD
by forextidings
2