Gold price stays pressured for the fifth consecutive day, licking its wounds around $2,018 early Tuesday, as traders brace for the all-important US Consumer Price Index (CPI) data for January, scheduled for release later in the day. In doing so, the XAUUSD justifies the previous day’s downside break of a two-month-old rising support line, now immediate resistance...
📊 Script: RENUKA 📊 Sector: Sugar 📊 Industry: Sugar Key highlights: 💡⚡ 📈 Script is giving Ascending Triangle Breakout as shown in chart. 📈 Script is trading at upper band of BB and giving breakout of it. 📈 Already crossover in MACD. 📈 Double Moving Averages is giving Crossover. 📈 Volume increase along with price. 📈 Right now RSI is around 65. ⏱️ C.M.P 📑💰-...
30 JAN 2024 WORLD MARKETS 1. World Markets are looking positive. INDIA VIX AND GIFT NIFTY. 1. India VIX is up 13% at 15.3 indicating increased volatility. 2. GIFT Nifty is indicating 65 points uptick at 21780 .This amounts to 180 points uptick at 45700. INDEX HEAVY WEIGHTS 1. HDFC BANK is oversold but has resistance at 1465. Any move above 1470 is bullish. 2....
USDJPY drops half a percent to 143.55 during the early hours of Tuesday’s Asian session. In doing so, the Yen pair extends Friday’s retreats from a convergence of the 100-bar Exponential Moving Average (EMA) and the 50-EMA. Adding strength to the downside pressure is the Doji candlestick on the top and the absence of an oversold RSI (14) line, not to forget the...
Stock has positive trend but losing strength as per MACD.
GBPUSD struggles to extend the previous three-week uptrend as it seesaws around a three-week high after retreating from an ascending resistance line stretched from late October. The pullback also takes clues from the RSI (14) line’s retreat from the overbought territory, as well as an impending bear cross on the MACD. With this, the Cable pair appears vulnerable...
Stock name: Sansera Engineering. Current market price is 894.85 This stock has broken out of a 1 month consolidation taking a support from 50 day EMA. Followed by a good volume and positive macd. Current view is bullish with expected target around 8-10% for swing trading.
Softech - wedge breakout. Above 50 & 200 EMA, good volume & macd. Add to Watchlist.
👉🏻 Stock name: BF utilities 📷Type: Breakout (3 months high) 📷Price above 50 & 200 Dema, Increased volume, positive MACD. 📷Add to watchlist.
5 month high breakout. Closed above 50 and 200 Dema + higher than average volume + positive macd.
Chart type: Breakout Trade type: Swing trading Positive: Stock above 50 ema, higher than average volume and positive MACD. Disclaimer: Remember, always perform your due diligence and analysis. This post isn't a buy or sell recommendation, but rather an educational insight into the world of technical analysis.
Hello Friends, Here is a technical case study of RANE HOLDINGS LTD. Possible Elliott wave structure Price journey is like a story told in waves. Imagine it like a roller coaster ride. It started from a small point around 40 and climbed all the way up to a super high point at 2799. This upward journey is what we call "Wave (1)." It's like the thrilling part of...
The stock has been closing on the positive note from the past three days and currently trending above its all key moving average. The momentum indicator RSI is moving towards upside gradually and entered in the bullish zone along with positive crossover on MACD. Thus, positions could be initiated
IEX is another chart that looks good on weekly with positive divergences in RSI and MACD. Currently at resistance but once crosses can touch 140, 152
1. Wipro recently broke the Bearish Trendline. 2. After that Stock is Forming "Higher Highs" and "Higher Low" indicating Bullish trend. 3. Momentum is also supporting the Trend as per MACD. 4. Recent price action shows Volatility Squeeze by formation of Pennant. 5. Buy Trade can be initiated with stop loss of 400.
💎 Paradisers, let's zoom into GALA/USDT. The daily chart is sketching out a triangle pattern, and there's a bullish divergence hinting from the MACD. However, based on past observations, we might witness a consolidation phase that could last days or even weeks. 💎 For a solid bullish signal, keep an eye out for a break above the triangle pattern's resistance...
Gland pharma made nearly a perfect bottom here. Huge volume spike at the bottom and multiple divergences on weekly RSI and MACD. Made a higher high with a 20% upper circuit today. Entire pharma sector is outperforming. Its one of the most lagging stock in pharma sector. Still down almost 63% from ATH. Its a very good buy for long term.
EURUSD dropped in the last two consecutive weeks as it fades bounce off a two-month-old rising support line. The recovery previously gained support from the RSI’s rebound from the overbought territory, as well as the looming bull cross on the MACD. However, a convergence of the 50-SMA and a fortnight-long falling resistance line, close to 1.1100-1105 at the...