- Good accumulation done
- Make lower low an going to make higher high on weekly chart
- Now @61.8 % retracement level as well as on 52 week high so feel some resistance here.
- If break and hold 957 level on weekly basis than 1000-1035 level possible.
- View negated if closed below 895 level on weekly basis.
USDJPY marked the biggest weekly loss since early January despite trading within a one-week-long descending triangle. Apart from the bullish chart formation, sluggish MACD and nearly oversold RSI (14) also challenge the Yen pair sellers. That said, the stated triangle’s bottom line, around 131.40, acts as immediate support for the bears to watch before targeting...
Attached: Daily Chart as of 17th March, 2023
- Price shot up a whooping 6.24% on 16th March (Thursday) and also held the Gains closing Higher on Friday
- Overall giving a Strong Weekly Breakout Candle closing above the 350 key level
- 315 level or the 0.618 Fib retracement held out perfectly as a support🙏
Indicator Signals:
- MACD crossed above 0 line ✅
- RSI...
Hello traders, so we are seeing the daily the timeframe of BPCL chart. As we can see, there is a large bullish candle on the daily timeframes which indicates that Wales are interested in BPCL. So if it consolidates near the resistance and gives a breakout in one hour time frame, so then you can go long on BPCL by using proper risk management and there are 2 take...
NTPC on hourly chart is indicating a typical text book Bullish Flag & Pole pattern formation. It was previously under range consolidation and then post breakout gave a good momentum upside.
It then retraced back and took support at exactly 50% retracement level of recent upmove. On hourly chart as per closing basis it is showing a visible breakout in Bullish Flag...
Technically it is forming a lower high lower low structure which indicates that the stock is in downtrend and with this it is also facing a downward resistance trendline and this can be seen when the inverse head and shoulder formation was formed and it failed to break through the trendline and thus eventually created a false breakout. Thereafter we can see an...
Having successfully bounced off the 200-day EMA, the Gold buyers poke a four-month-old support-turned-resistance line as bulls await final clues for the next week’s Fed meeting. Given the overbought RSI conditions, the metal buyers appear to run out of steam and can keep struggling with the immediate hurdle surrounding $1,930. Even if the quote crosses that...
We might still be in wave 4 of the Primary Elliot wave.
US markets rallied last night, so we may expect a gap-up opening of around 100 points.
17220 - 17270 zone might act as a strong resistance zone (0.5 to 0.618 Fibonacci retracement of wave 3)
Quadruple witching refers to a date when stock index futures, stock index options, stock options, and single stock...
Exciting Session on 16th March 2023 unfolded with a temporary bounce from day lows of 38613 towards 39300 approx & a fall back to 38750 approx without making a new low or breaching below 38613 - puts strong case of truncation.
Truncation is rare to happen suggesting that ongoing trend could abruptly halt in between & take a sudden reversal which could be possible...
The FASP for BankNifty is listed for 17-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
EURUSD posted the biggest daily slump in six months as Credit Suisse headlines fanned risk aversion on Wednesday. The fall, however, needs validation from the 1.0555-50 support confluence, comprising the 100-DMA and 14-week-old ascending support line, as well as the European Central Bank’s (ECB) Monetary Policy Meeting. That said, a clear break of 1.0550,...
The FASP for BankNifty is listed for 16-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
hello folks,
As last time when I am discussing this chart I have mentioned that I am not interested in those levels and I will wait for price action to come in the zone and when it came back to that zone it just gave me simple retracement move to this zone now in coming weeks I will seriously wait to built up the price action for me and that will lead the market...
NIFTY sharp and strong retracement -- above 20 EMA now. only rejection from 17150 can hep continue downtrend or we can see more upward move till 17180 and beyond.
in downtrend it can become strong after yestrdays tredn line broken below 17070
