1. The crude oil price difference is in a continuous decline, and it needs to be paid attention to. 2. The center of gravity is gradually shifting. In principle, yesterday's drop in crude oil prices failed to drive a sharp drop in commodities. Markets begin to shift and change from trading economic expectations. 3. If there is no major military conflict after...
Nifty index continued its positive momentum and headed towards 10759 levels. Bulls are heading to higher level index gained highest mark of the continuation 10759 and in the end of the session it closed with selling pressure. It has formed a Bullish Candle with top wick on the daily chart. It is forming higher highs – higher lows on daily scale from last three...
Rbl Bank (weekly) Just trade the breakout & breakdown on symmetrical triangle pattern. 23% of fibonacci is acting as strong support & resistance as range shift or trend shift. On breakout along with rsi 58 is another confirmation of momentum continuation Regards, Ankur Singh
MoneroKon 2024 Event Ignites a 20% Surge in XMR: What’s Next? In a recent tweet, Monero announced an event MonerKon 2024 which is scheduled to happen on 7th to 9th June. Following the event's disclosure, Monero crypto reversed its course and has surged over 20%. Monero crypto is on a seven day gaining streak breaking out of a correction phase. The recent...
Chainlink at the Forefront as US Inflation Data Sparks Market Confidence The Consumer Price Index (CPI) data stood at 3.4% indicating a slight decrease in the Inflation rate. The drop in the inflation rate has cast a favorable light on the broader market, resulting in noticeable price enhancements across Bitcoin and various altcoins including Chainlink. The...
Solana Price Crashes Below $130: Crypto Investors In Panic? Solana price crashed below the $130 level breaking the dynamic support of 200 day EMA. The recent fall in the broader market has triggered a panic among the short term Investors. Solana has crashed over 39% from its recent high of $208 formed in March 2024. Solana price has crashed below the...
Litecoin Nears Annual Low: Potential Rebound or Further Descent? Litecoin price was trading close to $74.28, recording a slight intraday loss of 0.44%. The weighted sentiment curve has dropped below the zero line indicating the bearish dominance in the crypto. Litecoin price has been in a short term declining trend after the breakdown of the psychological $80...
Rain Industries has emerged as an intriguing prospect, presenting a compelling case for a potential upswing. Reasons are listed below : Rain Industries has established a sturdy support base at the 145 level, providing a solid foundation for potential upward movement. The weekly timeframe reveals a bullish engulfing candle, signaling a potential shift in...
The Ethereum price has displayed remarkable fluctuations, initially favoring bulls but shifting to bears. However, recent developments highlight a shift back to bullish sentiment, with a 1.00% rise in price and positive growth in 24-hours trading volume with a 32.59% optimism. An analyst, Redblack officials, Tweeted with the bullish sentiment on X platform, that a...
Im seeing a bullish movement in btc. from lower highs, btc has shifted to higher lows, indicating a shift in trend.
Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction and industrial operations. Its product portfolio consists of two major divisions: PVC Resin PVC Pipes &...
Daily Timeframe: Chainlink (LINK) has experienced a breakdown of the weekly support level. As a result, the price action is now shifting towards the 4-hour timeframe for potential support levels. Currently, the price is moving towards the 4-hour support zone, which ranges from $17.16 to $16.75. This support zone is expected to hold based on historical price...
Indian markets faced a challenging extended week, spanning six trading days, grappling with domestic challenges amid a contrasting rise in the US market. Despite a strong start, the momentum shifted when HDFC Bank, the largest private sector bank, reported numbers below market expectations. The stock's decline, given its status as an index heavyweight, exerted...
The currency pair continues its narrow range with a marginal shift on the higher side, Viz. 83.24-83.41. As observed in the previous blogs, at best we can see marginal shifting of the range by 0.10 on either side. The currency pair does not seem to be impacted by moves in DXY, Yields or Stock market/ It appears like mimicking CNY action/control. As observed in the...
As observed in the previous blog: At best we can see marginal shifting of the range by 0.10 on either side. The currency pair continues its narrow range with a marginal shift on the higher side, Viz. 83.24-83.41. It appears like mimicking CNY action/control. A few observations The rates remaining in a small range is not anything new for the currency pair as...
The currency pair had an exception from the range of 83.10-83.31, due to technical outage of trading systems. Looking beyond this unusual trigger, there are a few interesting observations… The market has come to a logical conclusion that the central bank would protect 83.30 and easier way is to short and wait for lower band. This eventually failed General...
We had that resistance breakout today, a much awaited 41624 break. This makes the coming days exciting - most importantly tomorrow's expiry NSE:BANKNIFTY opened inline at 41674 and made a series of red candles till 09.40, a fall of 0.52% and crucial 41624 SR rejection. From there it made steady gains to take out the SR at 11.20 but only to fail in the next...
BANKNIFTY Intraday Trade Setup For 25 Jan 2023 Buy-Above 42825 Sl-42715 T- 43000 43300 Sell-Below 42615 Sl-42715 T-42415 42230 BANKNIFTY has closed on a bearish sentiment with slight cut of 0.21% today. Last day hourly range shifted above 42700 and today it made a high of 43078. Last day it was updated to trail sl to cost which PDL exactly. Today it was...