EURUSD SHORT NOT COMPLETED YET?
EURO has been in a strong downtrend since FEB,18.
Apparently it might be in making of 5 wave structure.
If that's the case then 4 waves are completed and now heading down again for 5th wave.
5th wave of the daily structure is in also making of 5 wave but in that case 4th wave might completed now and now on it is going to complete...
I've been anticipating a short since the previous 2.00335 GBPNZD .
The short has appeared and now it has also created an ABC running flat now i'm looking for an impulse to the downside.
Indicators are going to turn positive side for short term. It will break the triangle on coming days based on indicators. After triangle breakout, target will be @123. Most of the time I given my views before breakout by viewing indicators and having confident on that, So safer traders, can initiate trade after breakout(110 on closing basis) and risky traders can...
LAST WEEK POSITIONAL CALL TARGET HIT
DOUBLE BOTTOM BEAK-OUT TRADE SUCCESSFUL TRADE
THIS WEEK AGAIN
SWING TRADE IN ITC
AUGUST FUTURES
BUY@306
STOP@296
TARGET@316
LOT:2400
QTY:1
We can observe that the lower low made is not supported by the indicators thus forming the divergence and showing the strength. It is formed Morning Star Candlestick reversal pattern which is reasonably reliable so one can buy the stock at current level by providing the appropriate SL. We can expect the target of 1815 which offers a good Risk to Reward trade....
Gold snaps three-day winning streak while retreating from an all-time high, marked the previous day, as traders await the US Retail Sales and monetary policy announcements from the Federal Reserve (Fed), scheduled for Tuesday and Wednesday respectively. In doing so, the precious metal eases from the 61.8% Fibonacci Extension (FE) of its July-September moves.
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Traders use various tools to make informed decisions in the market. Trading indicators are one such tool, providing valuable insights into market trends, momentum, and potential price movements.
With a simple understanding of some key indicators, you can begin analyzing market conditions and creating your own trading strategies. In this article, we are going to...
Early Monday, the USDJPY has risen slightly above 147.00 after its first weekly gain in six weeks. This increase follows a rebound from a seven-month low. The rise is supported by a recovery in the RSI and positive signals from the MACD. However, the pair’s failure to defend a week-long bullish trend channel and its continued trading below the 50-bar Exponential...
Date : 10th May 2024
Time : 10:10 AM
Tata Consumer P has been under my watch from last week of April.
--> Major things that caught my attention was this Head & Sholder Chart Pattern and right underneath it, there is a Bullish Continues Divergence with MACD. that's why I was little suspicious about this stock and its H&S Pattern.
---> Another thing is...
Detailed Analysis of Tata Steel Chart
Sector: Steel
Signal: BUY
Logic below:
TECHNICAL VIEW
- The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level.
Volume: 40.165M | Average Volume: 26.832M ...
The FLOW chart has experienced a remarkable surge of over 300% from October 2023 to mid-March 2024, climbing from $0.417 to $1.693. This marked a notable historical surge on the chart.
Despite these significant gains, a three-month period of profit-taking caused the price to decline. In terms of structure, the decline formed a wedge pattern, and the price...
The FLOW Chart shows an impressive surge of greater than 300% from October 2023 to mid-March 2024, where it flew from $0.417 to $1.693. Despite the exemplary gains, due to 3 months profit booking, FLOW deterioration took the price back, from where it showed a historical surge on the chart.
Structure-wise, the plunge has formed a wedge, and this week, the price...
Date: 11th July 2024
Time: 9:40AM
Why KELLTON TECH?
1. Currently Sustained at All-time High Price with Strong Breakout.
2. Cup & Handle Chart Pattern is visible in Weekly and Monthly TF. Also Volume is noticeably increased from year 2021 compared to its previous years.
3. RSI above 60 and Positive Crossover in MACD.
120 to 130 Rs can be better...
Description: Nestle demonstrates a potential trend reversal with a bullish engulfing pattern, supported by the 200 SMA and positive MACD. This confluence of signals suggests a shift towards bullish sentiment. It's essential to remember that this analysis is for educational purposes and not a recommendation to trade. Consult with a financial advisor before making...
📊 Script: POLYPLEX
📊 Sector: Packaging
📊 Industry: Packaging
Key highlights: 💡⚡
📈 Script is giving breakout of Double Bottom Neckline on daily chart.
📈 Script is trading at upper band of BB and giving breakout of it.
📈 Already Crossover in Double Moving Averages and MACD.
📈 Right now RSI is around 72.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 995
🟢 Target 🎯🏆 -...
