posting my view on LTIM... short upside move is possible and if it breaks resistance line chance to go up side and if it take reversal possible down side momentum with retracement is possible. This is for educational purpose only. I'm not recommending any Buy/Sell Positions.
BANKNIFTY Intraday Trade Setup For 24 Sep 2023 Bullish-Above 44790 Invalid-Below 44680 T- 45050 45385 Bearish-Below 44540 Invalid-Above 44650 T- 44270 44000 BANKNIFTY has closed on a complete bearish note last week with 3.5% cut. It has formed a double top structure in daily TF although breakout of the neckline (43600) will be the validation. Currently it is...
After making an ATH in Feb2021 the stock topped out and went into a down trend until it bottomed almost after one and half year. The stock then formed a base of 30weeks in 11% range and broke out of it in may to test the supply zone where it consolidated for 9 weeks in 7% range and finally broke out this week with almost 10% move this week. Though an attempt was...
OANDA:USDJPY OUTLOOK - Bank of Japan’s decision on Friday will steal the limelight. - BoJ is expected to stand pat on monetary policy, but could subtly signal that a change in strategy in looming on the horizon. - This article looks at key USD/JPY levels to watch in the coming days The Bank of Japan will announce its decision in September following the...
Gold price bounces off a one-week-old rising support line, as well as the 200-SMA, within a symmetrical triangle comprising levels marked since late July. Given the near-50.0 levels of the RSI and the impending bull cross on the MACD, the XAUUSD is likely to extend the latest rebound. The same highlights the 50% Fibonacci retracement of its July-August downside,...
SBI formed w pattern on daily basis and also retracement done, is this good time to take entry.. !!!
#BANKNIFTY - 30min #chartanalysis 𝑨𝒍𝒍 𝑰𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒕 𝑳𝒆𝒗𝒆𝒍𝒔 𝑴𝒆𝒏𝒕𝒊𝒐𝒏𝒆𝒅 𝒐𝒏 𝑪𝒉𝒂𝒓𝒕. 𝑺𝒖𝒑𝒑𝒐𝒓𝒕 𝒛𝒐𝒏𝒆: 45268 to 45015 𝑻𝒂𝒓𝒈𝒆𝒕𝒔: 45555, 𝒂𝒏𝒅 45779 𝑵𝒐 𝑩𝒖𝒚𝒊𝒏𝒈 𝒃𝒆𝒍𝒐𝒘 44998 𝑭𝒐𝒍𝒍𝒐𝒘 𝒖𝒔 on TradingView 𝒇𝒐𝒓 𝒅𝒂𝒊𝒍𝒚 𝑪𝒉𝒂𝒓𝒕 𝑨𝒏𝒂𝒍𝒚𝒔𝒊𝒔. Also click on boost and support us 𝑻𝒉𝒂𝒏𝒌𝒚𝒐𝒖, 𝑯𝒂𝒑𝒑𝒚 𝑻𝒓𝒂𝒅𝒊𝒏𝒈😍
On daily chart, price has found support at 100day SMA, at level around 2868 (purple horizontal line) Also, this level coincides with 38.2% retracement, of the four month rally (apr-july). Thus, this level of 2868 can be considered as a good support Taking this level as support, it has formed a rectangular pattern and now breakout has occured. There is support of...
We saw XAUUSD Long Because, XAUUSD 50% Retracement Complete.
NSE:HDFCBANK has created a Bearish Diamond Pattern in the Weekly Chart. Ideally, the Price should go down once the nearest Support Breaks and retracement happens. But trading in futures and Options is inherently Risky and one should avoid it. This analysis is for educational purposes only. Disclaimer: Stock trading is inherently risky and you agree to...
Seems to be ULTRACEMCO crossed its previous barriers and retracement also done and ready to fly.. !!!!
Seems to be ULTRACEMCO retracement completed and ready to fly.....!!
Seems to be ULTRACEMO retracement and ready to fly....!!!
EURUSD fades bounce off an ascending support line stretched from early January as market players brace for the US Federal Reserve (Fed) monetary policy announcements on Wednesday. It’s worth noting, however, that the RSI (14) line is nearly oversold and the MACD flags bull cross, which in turn favors the Euro pair’s sustained trading beyond the stated support...
SHRIRAMFIN has formed a triangle pattern, given a breakout and is at retracement level, earlier resistance may act as support now. 1300-1330 is a good buy zone. SL: Daily candle close below 1300 levels. Target: 1970 levels in 5 - 10 months timeframe. Note: If it sustains above 1700 levels, it is good to hold for long term with targets of 2300 and then 2800+ levels.
You will get the Opportunity of a Life Time in this ABC decline..... wait for it and buy at each and every dip below 10/45 p. I have marked the end of wave 1 ONLY as I will need to see the Retracement from the Lows of 10/45 as i anticipate.... There is plenty of Money to be made
USDCAD stays pressured at the lowest level in a month after breaking a six-week-old horizontal support. Adding strength to the downside bias is the Loonie pair’s sustained trading below the 200-SMA. However, the nearly oversold RSI (14) line and sluggish MACD signals prod the bears, which in turn highlights a two-month-old ascending support line, close to 1.3430...
Banknifty - MSS - if breaks below - small retracement/correction will begin.