Gold Analysis for the Upcoming Week on MCX, India
Date: 20th August 2023, 18:03 hours
Technical Overview:
Recent Performance: From 8th May to today's date, gold prices have witnessed a significant decline of approximately 5.49%.
Moving Averages: The gold price has recently breached the 50-day moving average, which stands at 58,980. The 200-day moving...
Company Overview
L&T Finance Holding is a non-banking financial company (NBFC) headquartered in Mumbai, India. The company was founded in 2008 and is a subsidiary of Larsen & Toubro, one of India's largest engineering and construction companies. L&T Finance Holding provides a range of financial services, including retail loans, commercial loans, and asset...
Current Trend:
1) Uptrend parallel channel
2) It took a support exactly at 2 level of Fib .FIB cord -(1953.90 -1665.00)
3) currently it took a resistance @0.5 level of FIB
exception:
year of accumulation zone.. if it breaks the 1654 level , we can except another 300 point movement from there.
once this parallel channel is broken upside ,can can except positive...
current trend:
1) It took a support exactly at 0.382 level of Fib
2) It took a support at long and short trend line
3)it effectively close above this candle(jan 27 )..for two days. Forming like Bullish engulfing candle.
4) currently Nifty breaks short term trend line and close at 0.236 level of fib
Indicator:
RSI:
If u observe past behavior Nifty, Once it...
Current trend:
1) 1) Top of parallel channel
2) Candle Formation - hanging man pattern
3) Took a resistance around 1.236 level of Fib
MACD:
Weakens in histogram along with MACD line crossing over signal line -- Bearish Signal
Support:
if it break 900 level of support (closes below 900 in daily basis) next target around 827 level
Resistance :
Previous high...
CUMMINS INDIA gave a fresh CUP & HANDLE pattern breakout on weekly timeframe ,
.
.
Factors Supporting this breakout :-
1) VOLUME BUILDUP :- From the last 3 week trading session where the price is increasing continuously the volume is also increasing which denotes strong hand buying by the traders.
2)MACD:- MACD is showing is a positive divergence and also...
We can clearly see cup and handle pattern formed in DABUR. also it breakout today. & looking bullish for positional target.
CMP : 589.75
Positive points:
Breakout:
Cup & handle pattern is well known for a positive side breakout.
Today it Breakout & closed above the resistance line.
Volume:
Breakout volume is greater than the moving average of volume...
Hi Friends,
Greetings from Thenali Views,
We are now going to analysis the CEAT LTD..
The script has formed a descending triangle pattern where lower highs and lower lows are formed where the script has strong support at the range of 1268-1276.
The script was also forming a H&S Pattern in the support zone. As per our analysis the right shoulder will be formed at...
Hi Friends,
We are going to analysis script CDSL.
CDSL was forming in a Falling Wedge Pattern and where the script was currently in the Dynamic Support EMA50 and EMA79 Range.
And it was retested the Support Level of 1101 and retraced. As per the FIB Channel level it was in the 61.8 retracement level.
Now the script retracement move was completed and it like to...
Hi Friends,
We are now going analysis the ITC Ltd!!!
ITC was in the consolidation phase for more than 9 Months.
Let Analysis the possibilities:
1. Script was in the consolidation phase.
2. Script Volatility was being Flat.
3. Script was in the descending triangle pattern
4. EMA 200 was flatten from downtrend
5. MACD in Hightime frame i.e. Weekly was flat.
6....
Hi Friends,
Pranam to All!!
The script we are going to analysis is Reliance Industries Ltd..
In Daily TF the script has formed a Inverted H&S Pattern. The trend was in uptrend as per EMA200 as which the pattern was more valid one.
RIL was in the consolidation phase for more than a 9 months. The script was traded in a range bound where the now market structure...
Hi Friends,
Crude Oil Positional Trade . The Crude oil was in Downtrend forming Lower Highs and Lower Lows.
Dynamic S&R was in the Range (Flat). If the Crude oil brakes above the Last Line of Defense to reverse the trend we can go long based on the following :
1. Stochastic RSI - 4Hr TF, Daily TF and Weekly must above 20
2. MACD should be in Flat on Higher...
Hi Friends,
Right now we are going to analysis the script VEDL
Script was in the Long Trend.
Script was touched the Area of Value with confluence to EMA50 & EMA79 which acts as dynamic Support and Horizonal Support 260.
Stochastic RSI in Daily, 2hr and Weekly was in the oversold region .
MACD was also in the Oversold area
Volatility was in the peak at...
ANALYSIS OF APEX FROZEN FOODS
Chart Analysis:- On daily TF of Apex frozen foods , we can see that Stock is formed Flag and pole pattern which is bullish sign for the stock and we can also observe that stock is consolidating near 50% of Marubozu Candle we can expect up move in the stock after flag Channel breakout with good volume. we can confirm our entry with...
As of 20/5/21
Current Trend: Sideways
Resistance levels: Around 566 price levels (Broken today with volume)
Patterns formed: Flag pattern
Single candlestick pattern: Bullish marubozu
RSI: 66
MACD: Short line over Long line
Analysis: Flag pattern's upper resistance level, as well as horizontal resistance level, is broken on 20/5/21 with very high volume and a...
We looked at the mixed signals for Bitcoin (BTCUSD) on the 4H timeframe... Now let's look at the daily and see what we have.
We still have some mixed signals here since we are technically bullish above EMA10... But we have many signals developing that tells us a drop can come next.
Let's get started right away.
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1) Let's start by looking at the blue lines...
