SUN Tv has taken resistance from its old Supply zone of 470 levels and is ready to take a retracement and fall to around 445 or 450.
If you closely observe the chart, then you will find that there is trendline support as well. It is a kind of retracement before it starts its upward journey.
Another fap up day in nifty. Today market on remained volatile and has formed a dragon fly doji.
The market has closed gaining 66 points and has consolidated whole day, closing near the opening price.
On the hourly charts, market remained in the first hour candle and gap filling trade was there in the first hour.
Nifty has been respecting the 20 EMA, on 15...
The odds of witnessing further AUDUSD upside appear dicey as a convergence of the 21-EMA and 50-EMA, around the 0.6700 round figure, challenges the bulls, together with the RBA’s inability to defend the hawkish bias. However, a three-month-old ascending support line, close to 0.6600 at the latest, limits the Aussie pair’s downside. Even if the quote drops below...
GOLD ANALYSIS:
GOLD has been one of the most considered safe havens against the fall of the USD.
Most investors turned to consider GOLD as a safe haven due to the following factors:
The CORE PCE fall as expected on Friday where which indicates that FED will not put more effort into tightening since the stubborn inflation is coming close to the target.
FED may...
USDJPY’s U-turn from an eight-month high has significance for the sellers as it reverses from a convergence of the rising wedge bearish chart pattern’s top-line and a 10-month-old horizontal resistance area. Not only that, but the overbought RSI also suggests the end of a bullish reign. The same signals the Yen pair’s pullback to the 61.8% Fibonacci retracement of...
GOLD ANALYSIS:
GOLD has been one of the most considered safe haven against the fall of USD.
Most investors turned to consider GOLD as a safe haven due to following factors:
The CORE PCE fall as expected on Friday where this indicates that FED will not out more efforts for tightening since the stubborn inflation is coming close to target.
FED may pause rate...
EURUSD holds onto the previous week’s U-turn from a five-month-old horizontal resistance while bracing for the second weekly loss, targeting the 50-EMA support of around 1.0850 of late amid a looming bear cross on the MACD. That said, the RSI (14) line’s retreat from the overbought RSI also suggests the Euro pair’s further weakness and hence the pair’s fall past...
USDCAD remains depressed at the year-to-date levels ahead of Canada inflation and US Durable Goods Orders. It’s worth noting that the Loonie pair bears have little fundamental, as well as technical support unless witnessing a corrective bounce. That said, the oversold RSI appears the first catalyst suggesting a rebound in the pair price. With this, a one-month-old...
BN opened gap up, but right at the opening itself we all anticipated that we are not going to have an up day today. The options flow gave me a bearish bias and was looking for opportunities to enter.
The first swing till 10.50 where we had a drop of 222pts & then a retracement of 113pts looked healthy and almost filling all the checklist for the 2nd leg.
Instead...
ADANI had comp9leted it's 50 % retracement . 9 DSMA is also placed at 50 % retracement level. Also it had broken 20 DEMA support. News about adani inquiry in US also support short.
Price to book value is 6 times pe is 81 times. At this high valuation and where inquiry pending against company makes it vurnable to price correction.
Polyplex has seen 66% retracement of rise from march 2020 bottom & after that we saw 1st 5 waves rise from 1100 to 1630 which has also done almost 66% retracement now todats move looks like reversal candle & it can touch 1900+ levels view invalidates below 1275.
Not a SEBI registered analyst chart shared for education puprose only
AUDCHF 4 Hour Analysis (15 June 2023)
1. Price is still in bullish trend
2. We can expect some retracement
before another bull run
3. Retracement level can be till the
trend line or MA line
4. If price breaks MA or Trend, we have
to wait for another retest to enter
bearish position
5. Also we can see the bearish divergence
with AO
Add this to your watchlist wait for conformation
fundamentally good stock
.
.
.
.
Once it reaches : 1100
then it come for retracement upto: 990
after retracement it again comes to : 1050
that is what entry point is,.
'
;
'
'
stay for update
AUDUSD marked the biggest weekly gain since early November 2022, not to forget mentioning the second in a row, backed by RBA’s hawkish surprise. The Aussie pair, however, currently jostles with the key upside hurdle as the key week comprising the US inflation and Federal Reserve (Fed) monetary policy decision looms. That said, a four-month-old descending...
in this chart this shows the clear uptrend as it breaks its previous high it has to go in retracement phase and this is the possibility from where the market can go into retracement
USDJPY remains on the way to posting the second consecutive weekly loss after reversing from the yearly top in the last week. In doing so, the Yen pair justifies the overbought RSI (14) line. However, a six-month-old horizontal support zone near 137.90-85 and the 200-DMA level surrounding 137.30 appear tough nuts to crack for the sellers to retake control....
Gold price extends rebound from an 11-week-old horizontal support zone, as well as the 100-DMA, as it approaches the 50-DMA hurdle surrounding $1,992. Adding strength to the bullish bias is the metal’s upside break of a one-month-old descending resistance line, now support staying within the aforementioned horizontal region surrounding $1,932-40. Furthermore, the...
there is some retracement pending in some of the IT stocks like WIPRO , TCS . around 4-6 % retracement is pending then it is good to go for swing trading
