MCX Copper is playing under a parallel channel. Currently, it's at the support trendline. Additionally, there's a Fibonacci retracement value of 0.886 . The best trading strategy for the day traders is: According to a moving average and parallel channel's support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this...
Midterm forecast: While the price is above the support 0.00355, beginning of uptrend is expected. We make sure when the resistance at 0.00490 breaks. If the support at 0.00355 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 23 and it prevented price from more losses. While...
Mid-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.5928). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURSGD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts...
Mid-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1920.0). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts...
Mid-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.6428). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDCHF is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts...
~SEJARAH MUNGKIN BERULANG ~ Saya sangat suka membandingkan pergerakkan FBMKLCI kita pada tahun ini, 2020 dengan 1998. Chart pattern yang dibentuk seakan sama. Salah satu law teknikal analisis merupakan "History will repeat itself" mungkin akan berlaku. Mengapa saya mengatakan begitu? Jom kita bandingkan 1998 dan 2020 1. Chart pattern 1998 - Candle membentu...
1> HCL is respecting support zone & trendline zone as well. 2> Take SHORT entry only after breakdown from both the support area . 3> Target = 730 ( downside ) 4> Lot size =1400 5> Avoid false breakdown by entering after retracement 6> Descending Triangle Pattern , IF breakout happens then enter after retracement for upside Guys check out the related ideas as...
"B" retracement of XA leg @ 61.8% AB = CD, is at 11737 Potential Reversal Area with overlapped Terminal bar. "D" retracement of XA leg in range of 1.27 to 1.618. Spent 5 Day for, "B" retraced, "D" also 5 days. This is the district the Gartley Pattern example. The price is travelling 61.8% retraceme nt area after reversal area.
(i) A Bullish Bat pattern is defined when the B point is less than a 0.618% retracement and In the above chart there is 50% B point of XA leg retraced. (ii) A Bearish Bat Pattern occasionally forms after retracing from a critical high point. ie, 3388.70 the retracement 0.886 will occur close to the prior high when completed, which is X. Wait for the...
Kotak Bank has given breakout from channel ascending channel pattern with strong volumes. Wait for retracement to enter between 1550-1565 levels. Targets will be 1645/1700 and SL will be at 1535. SL is on closing basis. Trade is valid only if retracement comes and not valid above the price range. Risk/Reward: 2.66/4.5
Both Tatasteel and Nifty Metal are at trendline resistance.. As we know, Tatasteel has the highest weightage in Nifty Metal index.. Going by the past, The stock after getting rejected from the trendline on the first attempt, falls for few days..and then makes a 78.6% retracement ,goes near the trendline again and then starts the big fall.. This time as well the...
HERE IS HOW i READ THE CURRENT WAVE STRUCTURE ON RELIANCE. 1. A CLEAR 5 WAVE IMPULSIVE PATTERN HAVING BEEN DONE...... WE ARE IN A CORRECTIVE ABC CURRENTLY, WITH THE FOLLOWING RIDERS A. I HAVE MARKED ''A'' DOWN @ REMEMBER THAT IT CANNOT BREACH THE LOW POINT OF WAVE 4 B. HAVE MARKED ''B'' UP WHICH CANNOT BREACH THE HIGH POINT OF WAVE 5 C. HAVE MARKED ''C'' AS DOWN...
As expected, the index made a few failed attempts to breach its 50% retracement level @ 24364. It should be ready to go down to its 1 week’s avg. @ around 23500. LONG , if the index sustains above 24400 for targets of 24500-24700-25230 . If the index manages to sustain above 24400, one can positionally go long in the near term for its up-move to 61.8%...
IN CONTINUATION TO MY LAST POSTS....... I AM GIVING BELOW FOR ALL YOUR REFERENCES THE WAY BNF MAY PAN OUT IN THE NEXT FEW DAYS. 1. WE ARE CURRENTLY IN A OF IV OF 5..... WHICH MEANS WE ARE IN WAVE IV OF LARGER 5, WITH IV SUBDIVIDING INTO ABC. A HAVING BEEN DONE AT 22200,B HAVING UNFOLDED UPTO 23800 ZONE, AND C IN UNFOLDING TO THE DOWNSIDE CURRENTLY. 2. IF WE LOOK...
50% retracement is called as the healthy retracement in an Up-move. POINT OF CONCERN :- 1.The formation of DOJI (Which may also seems the sign of a price reversal Move) BUT!!!!! 2.As we see in the next candle, buyers have pushed the price as soon as it came closer to 0.5%, hence hope is alive. So, lets see and hope for the best!
Mid-Term Forecast: Second Chance Trade Setup summary: Profit targets= 3923 pip = { TP1=104 + TP2=219 + TP3=344 + TP4=579 + TP5=639 + TP6=789 + TP7=1249 } Stop Loss = 497 pip Reward/Risk > 7.9 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.6719) again. if so, traders can set orders...
According to Fibonacci Retracement levels on daily time frame analysis, BankNifty retraced back to 0.5 FIb Retracement levels (22760) and got a huge rejection from these levels. Now the major resistance is at 22800. Can go long if BankNifty closes strongly above 22800. Meanwhile if it continues to fall, the index has major support at 22000. So plan your trades accordingly.
DLF lies on resistance levels. MACD indicator signals a buy on present levels. There might be a single day retracement before it breaches the current resistance to reach up to 172 levels. depending upon momentum, can be decided if the stock will show momentary retracement or breach it directly to reach 180 levels.