Litecoin is a slow-mover. While most altcoins are surging higher, LTC seems to be taking its time. I believe the daily supply zone ($210 to $241) is about to be flipped. A successful flip will allow LTC to rally to the previous week open at $295. NFA. DYOR.
Tata Motors showing Short term bullishness. CMP: 343 Target: 353-357 SL:330 Exit Strategy: If Tata Motors breaks and sustains 353 above levels, shift SL to 353. If it gives any bearish signal, exit above 350. Note: Consider these analysis as my personal belief, shared purely for educational purpose.
Possible breakout can happen as it is near All time high of 106-107 levels. Broke 100 level comfortably today and closed just behind all time high, which shows highly bullish signal. Entry range: 104-107 SL:99-100 Target for Monday: 109-110(UC) Exit strategy: Shift your SL to 106-107 if it breaks in next few days and carry your position till you see rejection...
Many people have asked me this question What is better... Fundamental Analysis or Technical Analysis? Have you at any point of time pondered on this...? From the chart itself you might have understood my view point I think of Fundamentals being the Heart of anything.... - It tell us what the economic growth is ( that can be Compared with other economies) -...
The Canadian dollar is steady in Friday trade, after sustaining considerable losses a day earlier. In the North American session, USD/CAD is trading at 1.2118, up 0.11% on the day. The US dollar was broadly higher on Thursday, as the Fed surprised the markets when it announced that it will begin to scale back its portfolio. The Fed ended its purchase of...
Despite the lack of momentum in the first half, the markets were able to recover, with Nifty nearly touching 15,700. Banknifty showed strength, too As an option buyer, if you were able to manage the first half well (by either scalping or not trading), you could have entered using a simple setup in the second half to capture the rally. Overall, choppiness seemed...
DIXON TECHNOLOGIES has escaped from the consolidation zone with RSI trying to shift to bullish range in Daily time frame. Seems good with a strict stop loss level right below the support (4061)
COAL has changed its structure from L-H-L-L to H-H-H-L after 5 long years. It has also been spending good time near the trendline that it has been respecting since the last 5 years. There's also Penant formation on daily charts whose breakout can consequently give us multi-year breakout.
Long CGpower above 90 SL 86 TGT 120. Once TGT touch the level of 102 Try to shift the SL above 90 level to made this trade risk free. This is for your educational purpose only.
Shooting star has been seen at near resistance area. Sell below 1260 TGT 1150 SL 1305. This is moderate risk & high reward trade. once stock breach the level will try to shift your SL to risk free trade.This is for your educational purpose only.
Waiting for clear candlestick confirmation at desired level to indicate shift of momentum
Trading Scenario: We Expect Silver to retest 25.75 region and take a rocket shift to 27.5 in a couple of weeks. If it breaks 25.00 region, lets wait for confirmations to short XAGUSD. Fundamentally, As COVID - 19 cases are increasing we expect commodities to rise up. Let's see what happens
Nifty has broken long term range shift trend line . To my understanding 13690 should be the next support after 14000 is broken As market is now under lower top and lower bottom phase . Thanks
While we seem to have made a HL, a HH close above $1.70 confirms the shift in momentum. Watching closely
After taking support at the 50% Fibonacci retracement level ( ~44000), Gold has shown a definite reversal on the chart. This observation if further strengthen by the momentum indicator- RSI, maintaining stance above the level of 30. On its way uo, Gold is now faced with a two-fold resistance. One, from the 38.2% retracement level of the previous trend and two,...
BTC has emerged to be the Alpha of crypto market industry. After making higher high, BTC is unable to sustain $60,000 level. This level has been tested multiple time and it seems to be that the momentum in the market is getting low. On daily time BTC is sustaining above 200 ma but it has failed to break the highs and according to price action pattern we can...
I have seen many types of flag formation, this type is my favourite as if you shift to any time frame it is valid and it formed in a strong up trend.