Navneet Education crossing channel resistance
Based on charts it was stuck at the long term channel with resistance levels of 120-130. Tried breaking channel and came down as a retracement. Now placed at a better position to break the channel on the up.
If we get good volumes on it it can give good upmove. Short term levels for me would be 145-152-179
No...
BN had a different style of price action today comparing with N50. The open was gap-up & the rush to hit the HOD at 09.55 was similar. But what followed from there had minor changes.
1. The fall of 0.69% ~ 312pts from the top did have an impact on the momentum
2. Unlike N50, BN did not persist at the HOD levels after the first retracement. N50 had 3 more attempts...
Happiest Minds has corrected much and taken support at 0.618% Fibo retracement. Cmp 850 would be a good opportunity for long term investment. For swing opportunity Considerable stop loss would be @ 750 for short term target 1010.
GBP/USD has been in an uptrend since the pair broke out from the head and shoulder pattern on the hourly chart. After being slightly overbought the pair is now testing the support after retracement. There is powell testiminy in about 6 hours from writing this idea. There is a strong chance that the pair bounces from the support till then. Expect the next few hours...
GOLD Buy trade opportunities
The gold market has been experiencing a strong bullish trend but currently is taking a retracement. I have identified a support area, and if the market reaches this level, it could present a promising opportunity for a long trade.
USDCHF eyes another visit to the yearly low, after a two-week downtrend, as it braces for the Swiss National Bank (SNB) Interest Rate Decision, expected 1.75% versus 1.50% prior. In doing so, the Swiss Franc (CHF) pair fades Friday’s bounce off the lowest levels in five weeks by retreating from the 61.8% Fibonacci retracement of its May 04-31 upside. Given the...
Huge long trend broke in 30 minute chart first time , it may retest its trend again.
But it breaks down below -43383, you may see a deep move again , till 43042.
if it test its trend with a gap up quick move and if time remains after, then you will again see a huge retracement.
if it goes above 43716 and the price move will remain slow...
Currently in demand zone. Showing reversal from the Trendline. also formed Morning Star pattern on weekly chart. Can go long at 1170 on retracement. Considerable SL is below the swing low.
The stock has entered into a mid-term correction.
Wave 4 of ongoing long-term impulse is going on.
Internal Wave C of 4 going on, targets are marked with fib retracement.
The analysis is only for educational purposes. Please trade at your own risk
Excel Industries Long indications
Currently at the strong support level where it base is at 730. Expecting some Upmove after retracement.
Expecting upmove levels of 950 and 1140 in near term if it comes with volume.
Downward resistance levels breaking on the upside.
No recommendations, just my view based on charts
It has given trendline breakout in monthly chart and in daily tf it came to retracement. You can buy when it touches the support and can expect minimum 40% returns
#Nifty50 has recently formed bearish engulfing candle right below 78.6% retracement. Also MACD has also formed bearish Peak-Trough divergence which is rare divergence but quite strong.
Possible support on the downside comes at 17800-17850 zone and then next at 17550 level.
At current scenario, better to remain stock specific and follow strict SL and keep...
Disclaimer - I might be completely wrong today, as I've Bearish sentiment even after such a wonderful retracement. Even chart suggests a Bullish pattern too. Just a expiry bet ..!!!
I expect NSE:BANKNIFTY to open flat and trade in a range before falling down till at least 43400 .
It's just my analysis, do your own before traing/investing.
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