GLAND (1D TF)
Swing Trade Analysis given on 24th November, 2023 (Friday)
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Near Neckline - Done ✓
- Retracement + Consolidation - In Progress
Will wait till EOD for candle close and then keep a small SL in case of a retracement
#stocks #swingtrade #priceaction
Description:
Embark on a lucrative journey in the Forex market with a compelling Buy Trade opportunity on Gold, backed by meticulous technical analysis and the powerful ICT Killer Zone Strategy. As market dynamics continue to evolve, informed traders recognize the potential for substantial gains within the precious metals sector, and Gold, often considered a...
Description:
Embark on a lucrative journey with our latest Forex trade opportunity, a compelling Buy Trade on the US30 index, meticulously crafted through comprehensive technical analysis. The US30, often referred to as the Dow Jones Industrial Average, represents a basket of 30 major US companies, making it a prime target for astute traders seeking substantial...
EURUSD appears all-set for the weekly gain even if a three-month-old descending resistance line and the overbought RSI (14) restrict the pair’s immediate upside. It’s worth noting that the bullish MACD signals and the quote’s successful trading above the key Fibonacci retracement ratios, as well as the SMAs, keep the buyers hopeful. That said, the 61.8% and 50%...
Swiss Franc has been bullish against the Japanese Yen from long time due to its strong economy, now the Swiss Franc is near its all time high of 168.400, which was made in October, there are two scenarios which can be, the 1st one is that it will retrace before moving up further and the levels of retracement can be 167.176 and if broken can reach up to 165.136. If...
QUESS CORP:Slide down from the last year high of 990 to360.The stock after a deep consolidation seems has started its upward journey.
My logic behind picking this stock is as below":
-Formed double bottom/C&S
-Fibonacci Retracement from a low of 335-Indicates retracement to 570 followed by 670
-10DEMA Ave crossover
The above factors indicates a move towards 570...
Nifty Analysis
Recap from yesterday: “A simple Fibonacci level places the 23.6% retracement level at 19083 and 38.2% at 19227. Ideally, the bearish trend could still be intact until 19227 but the problem is that we cannot predict with certainty if that would come in this weekly series or not. For Monday, I wish to go with a neutral stance and choose the direction...
Banknifty has been trading below Weekly 20 ema and has given nice trending movement of around 1500 points from high to low while closing around 940 points lower.
It recovered around 1% or 500 point higher on the last trading session that is a retracement after the selling leg.
Daily candle is showing a retracement and can test fibonacci 38.2% or 50% level.
The...
Nifty has given a green candle after a fall of more than 3% in the week.
It is given a retracement after the fall and the fall may continue as global sentiment are also showing negativity.
Moving averages are also showing bearishness as nifty has closed below Weekly 20 ema but took support from daily 200 ema. If the daily level is broken, selling may...
1. **Support and Resistance Levels**:
- **Support Levels**:
- Immediate support is at 42142. If the market sustains above this level, it may indicate bullish sentiment.
- If the market breaks below 42142, there could be further downside potential.
- **Resistance Levels**:
- Resistance levels in the upper side are at 42557, 42811, and 43057....
Today the price has broken the support zone and Fib retracement level of 38.20%. Also, there is a good convergence in ema bands. The price could show the volatility of 5 to 6% in this range of Fib retracement levels of 330 to 315. On the breakdown of this range we got a clear short trade of 5 to 6%. If anybody wants to trade this range then the short strangle...
TADAWUL:2010
Saudi Basic Industries Corp. can break multiyear consolidation but there are two alternatives this is one possibility which I have shown in charts. In both possibilities SABIC should have to go below 59.5 in spot market to end multiyear consolidated bear trend. Then I think SABIC will be in bull trend.
Entry: -
1) If Stock goes below 59.5 then wait...
NSE:VEDL
VEDL is consolidating for near 13 years now. For these many years consolidation means complex correction in Elliott Wave Theory. I label the counts on chart it's clear that VEDL is on last phase of WXY corrective wave. But wave Y is not yet completed I think.
I think VEDL will go near demand zone at least for completion of wave Y which is also...
Today I have discussed the BTC longtime chart BTC's past performance & chart history to decide the future targets projection .
1. I have used two types of technical indigator tools the first one is Fibonacci Redressment retracement tool and second are Harmonic XABCD pattern the two types of indicator are used in a BTC clear down side movement Mesurement in chart...
Trend - Negative
If the price sustains below 541.40 then it could see the levels of 525 and then 510
The price gives a breakdown of 541.40 which is a 38.20% Fib retracement level.
A strong bearish crossover near an important level of 28.60% (Fib retracement).
The breakdown of the Bollinger band
Hit the like button!! Show some energy!!
Disclaimer: This...
Swing - 113 to 177
Shallow Pullback - 38.20% retracement level
Chart Pattern - Morning Star
The price takes support from the level of 150 which is a 38.20% Fibonacci retracement level. This level is considered as a shallow pullback. And the price formed a morning star pattern on this support level. This type of structure indicates the start of an uptrend.
1st...
Reason for Bfly @44400 with 200 pts wing
a) Golden ratio of retracement zone
b) If price gap down below 44100, invalidates our strategy and at 10.30AM re-analyze for situation. if price appears 44300 without big gap down at 10.30 AM, the set up will be ready for execution. Again the probability is around 55 %, but good risk reward zone of 2R.
b) The idea of...
