Technical Analysis:
Examine price charts for trend patterns, support/resistance levels, and key technical indicators (e.g., Moving Averages, RSI, MACD).
Identify potential entry points based on chart patterns or breakout scenarios.
Fundamental Analysis:
Consider economic factors that might influence the price of gold, such as inflation rates, interest rates, and...
The Monthly RSI has bounced from its Oversold zone 43-35.
The Monthly MACD has crossed above its Trigger line.
This suggests that prices have formed a base the low of 3408.
Past up-moves suggest that the price could now resume its up-move to initially test its prior all time high of 6175.
On an optimistic basis, it could also touch 7880 (161.8% FR level).
A bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:NMDC
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing...
A Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:GREENPLY
MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The...
An On Neck Chart Pattern Breakout happened on the Weekly Time frame of NSE:CHOICEIN
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 a Weekly closing...
As per trading set up, clear signals are coming from MACD and RSI, moving averages are in favour of the stock, so uptrend likely to start in the stock, looking goos for next six months.
Hello Guy's i hope you all will be doing good in your trading and in your life as well. I have brought another stock which was in long multi years consolidation zone, later on june 2021, it has given breakout, and since 2 and half years it was consolidating in a short range, but now it has given short consolidation area breakout as well. There is higher...
Hello Traders and Investor,
We have seen bullish flag kind of pattern in Exide industry, now it has given breakout of previous all time high, and volumes supports this breakout, there is higher probability we can see this trending momentum continuation few more days. Price is above 200-EMA, and earlier we have seen 21-EMA has given crossover of 50-EMA. MACD also...
Hello Traders and Investors, i hope you all will be doing good.
I have brought an analysis on L&T Technology Services, i hope it will be beneficial to you guy's,
So let's start:-
As we all know Nifty IT was not performing well since last one year, but now it is accelerating,,i think this momentum will take all good fundamentally stocks to their all time highs....
-Ready to breakout 2 year old resistance
-rise in volume and strong closing
-rsi breakout and rising from lower levels
-strong support from 50 EMA
-Adx rising macd crossover
-multiple confirmation keep in radar above 410 it can give good return
Hello Guy's, i have brought another analysis on stock which has given a proper multi year breakout on chart. Let's analyse and will see if we can do anything from this stock..
Well guy's Now a days all government stock is making new highs due to Chandrayan limelight and some government recent events..This Ptc Stock has given a huge breakout on monthly timeframe....
Hello Traders, i have brought another analysis on a pattern breakout which called (Falling Trendline Breakout & Double Bottom Pattern Breakout). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:-
Q:-...
Observational pattern shown by vertical lines.
Register the observation.
Whenever such pattern is observed bearish strategy can be adopted irrespective of mtm.
Negative Divergence on RSI.
RSI exiting overbought zone.
RSI below its average.
MACD turns down below it average.
For near term retracement of the last corresponding rise.
NZDUSD edges higher past 0.6100 while defending the rebound from 200-SMA during early hours of the key week comprising New Zealand (NZ) Consumer Price Index (CPI) and the US PMIs for January. In doing so, the Kiwi pair also justifies the “Double Doji” bullish candlestick formation to consolidate the biggest weekly loss in six months. Additionally favoring the...
