Nifty could be approaching and may even break its all-time high this month.
All levels are marked on the chart.
Levels marked in grey are the Fibonacci retracement levels from the previous downfall from an all-time high on a daily time frame.
Levels marked in purple are the Fibonacci extension levels from the most recent upmove and retracement on a 1Hour Time...
After repeated failures to cross the 100-DMA, the AUDUSD pair again attacks an 11-week-long ascending support line, around 0.6610 at the latest. That said, bearish MACD signals and a mostly steady RSI (14) line keep the Aussie pair sellers hopeful of breaking the stated key support. Even so, a confirmation from the 0.6600 round figure, becomes necessary for the...
A clear downside break of the nearly two-month-old ascending trend line and 200-EMA keeps the Gold price on the bear’s radar. However, the RSI (14) is drilling the grounds as it becomes oversold, suggesting little room towards the south. As a result, swings marked during March constitute a short-term key support of around $1,935. Should the XAUUSD drops below...
USDJPY Trading Ideas
1.Though USDJPY is long time bullish
but here the price is in Supply area
2. It indicates price can have some
retracement
3. after retracement again price
can move up.
GBPUSD portrays a bullish megaphone trend widening formation as the Cable traders await the UK employment report on Tuesday. The quote’s latest rebound from the stated pattern’s bottom line allowed it to cross the weekly resistance line. However, a clear upside break of the 100-SMA and 23.6% Fibonacci retracement of the March-May upside, near 1.2525, becomes...
After taking out the 1.2580 key resistance, GBPUSD bulls jostle with the 78.6% Fibonacci retracement of its March-September 2022 downturn, around 1.2685. That said, the RSI (14) grinds near the overbought territory and the MACD signals are sluggish too, which in turn suggests that the buyers are running out of steam on the Bank of England (BoE) inspired “Super...
Cnx finance index cmp 19250
Elliot wave study
120 mins time frame
Impulse phase as per elliott wave is matured and corrective phase have started.
ascending parallel channel structure is broken and retest done, indicate some more retracement possible.
on daily time frame RSI have given breakdown below trend line support.
So now the index is sell on rise till the...
AUDUSD remains firmer inside an 11-week-old trading range, poking the 100-DMA hurdle of 0.6790 of late. Apart from the 100-DMA, the stated range’s top line, close to 0.6810, also challenges the Aussie pair buyers. It’s worth noting, however, that the RSI conditions approach the overbought territory and hence the 0.6810 hurdle appears crucial for bulls to cross to...
Nifty spot cmp 18207
Pre assumption of harmonic butterfly pattern formation.
leg C can retrace upto levels of 88.6%
but considering the retracement of leg B is equivalent to retracement of leg c,
can reverse from 72.2% also.
which give supply zone as marked on chart,
going ahead any 15 mins candle closing above yesterdays high would lead to bullish upmove,
but...
Having refreshed a multi-month high on the Federal Reserve’s (Fed) dovish rate hike, the Gold buyers appear running out of steam as markets await the US Nonfarm Payrolls (NFP) data. That said, the quote’s repeated failure to provide a daily closing beyond an upward-sloping resistance line from late January 2023, close to $2,068 by the press time, teases the XAUUSD...
Nifty IT Index as seen on the chart is at important resistance.
The Primary Trend of this Index is Down and now after a good pullback this stock seems to be at an important resistance. Around current level we have multiple resistance in form of resistance line, retracement, channel line and retracement of higher degree.
The Rsi at 50 has historically been a...
Based on the Wave Principle, the 75-minute structure of Eicher Motors appears to be bullish. The stock's Wave 4 correction, labelled as a-b-c, seems to be complete, indicating the potential for a 5th wave rally.
Several observations support the likelihood of a materialized Wave 5:
The Wave 2 retracement was confined between the 0.5-0.618 levels, showing a sharp...
As per Stan Weinstein methodology, stock is in late stages of accumulation
Trading above 30 Week EMA
People following that methodology will be keeping a sharp eye on this stock.
From EW - Price has reached the resistance level in a clean 5 wave rise, after completing a 78.60% retracement of the whole rise since its listing.
Any retracement would offer good...
Price action patterns are hidden ... All you need to do is to identify them
This pattern is broken in the last trading session and i'm no ware expecting a retracement at this level
If we did get to see a retracement point it could possibily be around 17800 ish..
always remember .. Identifying pattern is different and trading the pattern is different.
Once you...
MAITHAN ALLOYS BREAKOUT RETRACEMENT DOJI FORMATION TRADE VALID FOR ONE DAY IT IT CROSSES DOJI HIGH THEN BUY WITH 1:2 TARGET,as it has given breakout and formed doji on retracement
Attached: Nifty 50 Daily Chart as of 19th April 2023
In the above Nifty 50 Visualizer Chart, I want you to pay attention to 3 things:
1) Trend Lines
2) Fibonacci Retracement
3) RSI
This is quite a Self Explanatory Chart but for those who don't get it, here are a few points for explanation:
- Notice how Price has reacted around the Trend Lines and the Marked...
AUDUSD stays below the key support line stretched from the last October, after multiple rejections from the 100-DMA hurdle, as traders analyze Australian inflation data on Wednesday. With a clear break of important previous support joining downbeat RSI and bearish MACD signals, the Aussie pair has a further downside to track. The same highlights the 61.8%...
In analyzing market trends, it is important to identify potential no-trade zones and formulate appropriate trading strategies that align with one's risk tolerance and overall objectives.
The current price range between 17609 and 17670 has been characterized by strong buying near the lower end and selling near the upper end, indicating the presence of key...
