Motherson has made a cup and handle breakout and a flag and pole pattern. We have a breakout and we can expect price to move to 145. The beauty is if you see the target price - whether by way of cup and handle breakout or flag & pole pattern - we have same target. Other factors: 1. RSI is above 60 2. MACD is positive 3. Volume is increasing, see breakout volume...
Triangle pattern formation, bullish if crosses barrier of 1416. MACD above 0, RSI>60 CMP : 1384
The US Federal Reserve’s (Fed) hawkish halt failed to impress the US Dollar buyers as softer inflation data raised doubts about the central bank’s one rate cut in 2024 projections. The same allowed the Gold price to refresh weekly high during its three-day uptrend by the end of Wednesday. However, failure to cross the key SMAs and a looming “Death Cross” of the...
Chart setup favour of long position 20 & 50 DEMA SUPPORT RSI BULLISH MACD BULLISH CROSSOVER nice setup, once trend line breakout go for long. Disclaimer This is my personal view for education purpose only.
WTF is in UT, stock consolidated near RT for over a month DTF formed a box pattern BO with Volumes, Volume Dry up before BO EMA rule in place MACD Crossover RS Line making 52WH Mindset: Clam followed the set up entered 1/2 qty Fundalments not good
EURUSD licks its wounds at the lowest level in six weeks as the pair traders await the US Consumer Price Index (CPI) for May and the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve (Fed). Also important are the final readings of Germany’s inflation data for May and speeches from a slew of European Central Bank (ECB) officials. In doing so,...
A Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:MAZDOCK Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly...
Hi, NSE:HEROMOTOCO has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry,...
As the stock breaks through its weekly resistance level, it's like breaking through a barrier, signaling potential for a price increase. The MACD indicator, which tracks momentum, just showed a bullish signal by crossing its signal line, indicating upward movement. This is further confirmed by a surge in trading volume, suggesting increased investor interest....
The SUI has followed the decline of BTC on the daily chart, in the last seven days from June 11th price-performance was bearish. The BTC Declined by -5.85%, while SUI also followed the lead and degraded by -16.25 %. At press time, SUI traded at $1.0130 with -a 1.98% dip, while, BTC at $67659 with an -2.65% intraday fall. BTC appears to be approaching the $66150...
GBPUSD stays defensive above 1.2700 as traders await the UK’s monthly employment data early Tuesday. In doing so, the Pound Sterling keeps the previous day’s recovery from a seven-week-old rising support line and the 21-day Exponential Moving Average (EMA). Monday’s rebound also justifies an uptick in the RSI (14) line but fails to gather momentum amid bearish...
Turbo Toad Token (TURBO) was optimized by 17.76% in market value and had a massive spike of 182.63% in trading volume in the last 24 hours, as per the coinmarketcap website. Meanwhile, its market value is $386.574 Million, and its trading volume amounted at $172.029 Million. There is 63.674 Billion TURBO in circulation, and its 24-hour volume-to-market cap ratio...
According to the current technical analysis of gold, combined with external environmental factors, the operation strategy of the gold market next week will mainly focus on the technical aspect. The gold price fell below the 5-10 week moving average for the first time this week and closed below it. After the price built a continuous peak above, it closed below the...
The KENDU price had started with consolidation in price, and slowly gained pace after May's first week, the bull's interest increased and the price started increasing and was registering new peaks above previous swing highs, which looked like a formation of the upper trendline resistance. Thereafter, the price broke out of the trendline hurdle on June 6th, from...
In the start of the year, the price had started with consolidation in price, and slowly gained pace after january end, the bulls interest increased and the price flew to $1 Mark by April 10th. Therafter, the price was in consolidation, until it broke out of the range on June 9th, from taking suppprt from key support area at $0.65. At press time, the OM has traded...
USDJPY extends Friday’s recovery from the 50-SMA while rising toward a six-week-old descending resistance ahead as the week comprising monetary policy announcements from the US Federal Reserve (Fed) and the Bank of Japan (BoJ) begins with mixed sentiment. It’s worth noting that the Yen pair’s sustained trading above the 50-SMA joins the upbeat RSI (14) and an...
Hi, NSE:INFY has given a bearish flag breakout on weekly charts with very good volume. MACD is also on the bearish side on Weekly and Monthly time frames. RSI is also on the bearish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the current momentum will continue. Complete price projection like entry,...
Hello Everyone, i hope you all will be doing good. I have found a Good Trade which just have retested the levels after giving successful breakout on chart, And today i am gonna to teach you about this pattern so if you see this pattern next time, you all will be able to trade accordingly. Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to...