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EUR/USD: Breakout or Pullback Amid Volatility?EUR/USD is "hovering" around 1.11636, with a significant "barrier" at 1.11826 and a key "support" at 1.11034. The widening Bollinger Bands signal that a wave of volatility could strike at any moment. RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory. If EUR/USD breaks past 1.11826, it could continue its upward surge, but failure to do so might lead to a pullback towards 1.11034. The "winds" of inflation data and interest rates from the Eurozone and the US will shape the next move!
by Romio_pro
**MFSL has formed a bullish rounding bottom**MFSL has formed a bullish rounding bottom, indicating a potential reversal. The recent breakout above 1,150 confirms this pattern. Key points:- Upward Trend: The stock's price is trading above its 50-week moving average, suggesting a positive long-term trend. Breakout Confirmation: The successful breakout from the rounding bottom pattern reinforces the bullish outlook. Volume Support: The surge in trading volume accompanying the breakout indicates strong buying interest. Recommendation: MFSL is a potential buy With short-term targets of 1,250 to 1,350. For long-term investors, holding the stock could potentially give greater returns.
Editors' picks
NSE:MFSLLong
by Trade_with_Madhav
2
PVR INOX (PVRINOX LTD) breakoutPVR INOX (PVRINOX LTD) is showing a breakout from an ascending triangle pattern, indicating potential for further bullish momentum. The stock is trading above its 21-day EMA, and the RSI is around 72, suggesting strong buying interest, although it is approaching overbought territory. With this breakout supported by volume, a buy can be recommended with a stop loss around ₹1,550, slightly below the EMA and recent support levels, to manage potential downside risks.
NSE:PVRINOX
by Simplecharttraders
ONDO NET BULL RUN TARGET ONDO Crypto Coin: Buy at $0.61 for a Target of $17 Based on Neo Wave and Time Analysis** This analysis suggests a strong buy for ONDO at the current level of $0.61, with a target price of $17. The forecast is based on Neo Wave theory and time analysis, indicating a significant upward potential. 1. **Current Price Level:** - ONDO is currently trading at $0.61, presenting a favorable entry point for investors. 2. **Neo Wave Analysis:** - The Neo Wave theory, an advanced form of Elliott Wave analysis, identifies a corrective wave pattern that has completed its cycle. - The current wave structure suggests the beginning of a new impulsive wave, which typically leads to substantial price increases. 3. **Time Analysis:** - Time analysis indicates that ONDO is at the end of a consolidation phase. - Historical data shows that similar patterns have led to significant price movements within a specific timeframe. - The projected timeline for reaching the target price of $17 is within the next 12-18 months. 4. **Technical Indicators:** - Moving Averages: The 50-day and 200-day moving averages are converging, indicating a potential bullish crossover. - RSI: The Relative Strength Index is currently at 45, suggesting that ONDO is neither overbought nor oversold, providing a balanced entry point. - MACD: The Moving Average Convergence Divergence indicator shows a bullish divergence, supporting the upward trend prediction. 5. **Market Sentiment:** - Positive market sentiment and increasing adoption of ONDO's underlying technology are additional factors that could drive the price upwards.
Long
by CHOUDHV
1
IRCTC NEW ALL TIME HIGH?NSE:IRCTC IRCTC (D) Analysis Date: 16/08/2024 Time Frame: 1D CMP: 909 Key Levels: Support: 760 Resistance: 954, 1015, 1138, 1286, 1373, 1538 Bullish Outlook: Buying Range: 900-910 Targets: 954, 1015, 1138, 1286, 1373, 1538 Stop Loss: 760 Conclusion: IRCTC is a strong buy on dips candidate, poised to potentially reach a new all-time high. Consider entering within the 900-910 range and watch for target levels as the price progresses. Disclaimer: This is not financial advice. Please do your own research.
NSE:IRCTCLong
by ThirstyBull
Gold Consolidating for a Robust UptrendOn Weekly Basis: GOLD took a support at 1640 (inverted head) on weekly charts (October, 2022) after it made a peak at 2035 (August, 2020) and correcting nearly 50%. It tried to pierce the daily top of 2070 twice after peaking in August,2020. It means it made a triple top which could mean a bear market for GOLD instead it made an inverted head at 1640 and shoulder pattern between 2010 to 2035. 50% retracement has been completed 1640, starting from 1190 and completing at 2035. The year 2024 is the fourth year of consolidation in GOLD. The resistance at 2035 has been broken and remaining in medium term consolidation pattern between 1980 to 2075. Currently 200 DMA is at 1966 with an uptrend. Fresh new Wave may start in near future by the time 200 DMA move above 2000 level. One can be optimistic and it provides a good choice to buy at current level with a minimum bold target of 2950, which becomes a strong buy from long term point of view. It has come out of oversold position to neutral zone. RSI was oversold in October, 2023. Now it has broken out of the long-term channel of 4 years and continuously trading above the upper line of the channel at an all-time high with minor blip down. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:GOLDLong
by AnkurSharda3
GULF OIL - Super Bullish | 7 Years ATH BO | 50% ROI potential!Price Analysis & Overview: 1. Good BO candle formation - showing strong buying dominance. 2. Exceptional volumes. 3. Great earnings. 4. RRR is favourable Trade Plan: 1. Aggressive entry can be planned at CMP (1100) or wait for safe entry on pullback. 2. SL : 10% 3. TP = 1:2,1:3,1:4,1:5 - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:GULFOILLUBLong
by SuperNova396
Breaking IPO Zone Above Resistance Zone Rally Will Come Breakout with Bullish Momentum ✅The stock has been in a consolidation phase between ₹440 and ₹560. Recently, the price has shown signs of breaking out above the upper resistance level, indicating a potential bullish move. ✅ Immediate support around ₹520, which was a recent resistance level. Stronger support near ₹480, aligning with the lower range of the consolidation. ✅ There is a noticeable increase in volume accompanying the breakout above ₹560, indicating strong buying interest and supporting the bullish breakout. ✅ RSI is trending upwards, indicating increasing bullish momentum without being overbought. The MACD histogram shows increasing bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.
NSE:MEDIASSISTLong
by Marketik
LET SEE THE TARGETnalysts and traders often view a reverse head and shoulders pattern with a clear breakout as a strong buy signal. The breakout above the neckline confirms the pattern and suggests increasing buying momentum. However, it’s important to consider other factors such as volume confirmation (higher volume on the breakout) and overall market conditions to validate the strength of the breakout. In summary, when someone mentions a "reverse head and shoulders clear breakout," they are likely observing a technical pattern that suggests a potential reversal of the previous downtrend and the beginning of a new uptrend. This can be seen as a bullish signal, indicating that the asset may experience a significant move upwards over the long term.
NSE:JUBLFOODLong
by akashmishra448
Gold followed up with jumpsHi everybody! Let's look back at gold price developments last week and prepare plans for next week! Last week saw an explosion in gold prices, when it reached a record high of 2,431 USD/ounce before cooling down and stabilizing at around 2,400 USD/ounce. By the end of the week, prices had ended at $2,392 per ounce, up 0.55% on the day. The main factors driving gold prices to increase sharply include: the conflict situation in the Middle East continues to be tense; Fed Chairman Jerome Powell and other officials believe there is no need to further reduce interest rates; and in particular, China's strong buying has facilitated gold in conquering new peaks. In terms of technical analysis, gold is still supported by the factors mentioned above. This precious metal is currently trading above the two exponential moving averages EMA 34 and EMA 89, which continues to support investors buying. Gold is maintaining its current trend, trading above the Trendline and it is important to watch for any buying opportunities when the price re-touches the Trendline and check the stability of these two EMAs. Please continue to monitor and prepare a reasonable strategy to take advantage of opportunities in the gold market next week. Wishing everyone a happy and successful weekend!
OANDA:XAUUSDLong
by RKarina
Rain Industries: A Prime Swing Trading Opportunity Post-Trend LiGreetings, traders! We've identified an exciting swing trading opportunity with Rain Industries, which has just signaled a bullish trend line breakout. This movement is not only significant but is backed by increasing volume, indicating strong buying interest and investor confidence. Why Buy Now? Technical Breakout: The stock has convincingly broken above a critical resistance level, transforming it into a support zone. This breakout is a classic bullish signal, suggesting that the price is likely to continue its upward trajectory. Volume & Indicators Support: The breakout is accompanied by a surge in trading volume, reinforcing the move's legitimacy. Additionally, key indicators like the MACD and RSI are in bullish territories, signaling further upside potential. Solid Fundamentals : Rain Industries boasts robust fundamentals, including consistent revenue growth and strategic market positioning. This underpinning strength provides a safety net for the technical bullish scenario. Market Sentiment: The breakout reflects a positive shift in market sentiment towards Rain Industries. As the economy rebounds, the company's diverse portfolio positions it well to capitalize on upcoming growth opportunities. Trading Strategy: Entry Point: Look to enter as close to the current level as possible, ensuring you're capitalizing on the breakout momentum. Stop Loss: Set a stop loss just below the newly established support level to minimize potential losses. Profit Targets: Establish profit targets at subsequent resistance levels, monitoring closely for signs of reversal.
NSE:RAINLong
by kausar13n