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Today's gold trading ideaToday, gold on the D1 stochastic chart has fallen sharply and the histogram has begun to shorten. Yesterday, gold formed a marubozu candle. It is likely that today's candle will be a bullish candle. On the weekly chart, stochastic has in the overbought area and starting to show signs of decline, so today we will BUY 1969-1970 and cut short loss at 1967, we will SELL at 1980-1981 and cut loss at 1984 because if gold breaks those 2 stop loss points, then Gold can fall sharply or increase sharply, but if gold falls in 1970-1969, we will cancel the BUY order in 1980-1981 because gold will probably increase strongly again.
TVC:GOLD
by TheForexFamily
GOLD: Gold technical analysis todayYesterday, the D1 gold frame created a spinning candle, it can be seen that the dispute between buyers and sellers is taking place very fiercely. Today there will be very important news about the USD and these nonframe payrolls news will have a very strong impact. big enough to be golden. Yesterday the SPDR fund did not trade and it is possible that they are waiting for news today to buy or sell. The H4 stochastic indicator is going up even though the histogram is growing negative for a very short time. On the daily chart, the stochastic is trending down and the histogram is also getting lower, showing that the buying impulse has begun to weaken. According to today's technical analysis, gold will continue sideways in the range of 1990-1983 and we should close our orders before the news happens.
TVC:GOLD
by TheForexFamily
DXY formed a downtrendThe DXY chart on the 1D frame formed a bullish leaf, but yesterday DXY had a false breakout, so it is likely that today DXY will tend to decrease, tomorrow there will be news of Non-Farm Employment Change, if the news is bad, DXY may dropped to 104.28, on the 1D chart stochastic is in the overbought area and is trending down, RSI is also trending down. On the H4 chart, stochastic is falling very strongly and so is RSI, so it is likely that DXY today will fall in the range of 106.12 - 105.68 and 105.68 also coincides with the 200 EMA, tomorrow there is news that DXY may fall to 104.28.
TVC:DXYShort
by TheForexFamily
XAUUSD : XAUUSD trading strategy today Currently, gold is still fully above the H4 framework price increase channel. Unless gold breaks out of the upward price channel, the trend for gold will still be up. Conversely, if gold breaks out of an upward price channel, the trend will be bearish. On the daily chart, the histogram is still rising and no such deviation is seen on the daily chart. Even though the stochastic has been in overbought territory for a long time and the RSI is in overbought territory, gold is still likely to move higher. There are signs that gold is not going down. On the H4 chart, the histogram starts to get shorter. Stochastic has moved out of overbought territory. Gold is very likely to have a correction rhythm in the coming days and then accumulate and move higher. There is some news today, but it doesn't have much of an impact on gold, gold could fall to the 1991-1986 range, buy in that range and limit your losses from 1985-1984. can. Currently, gold is moving sideways around his 2004 to his 1989 . We can still surf.
OANDA:XAUUSD
by TheForexFamily
NIFTY INVERSE HEAD AND SHOULDER PATTERN BREAKOUTTECHNICAL ANALYSIS - REVERSAL FROM 3OD & 50D CROSSOVER : Price has taken reversal from this crossover AT 2:30PM last friday on 5-MIN timeframe BREAKOUT FROM STRONG SUPPORT-RESISTANCE ZONE : Price has recently broken out of one powerful support-resistance zone indicating upward pressure STOCHASTIC & MACD INDICATOR : Price has become overbought in stochastic indicator & also signal line line has crossed above MACD line at an appropriate angle indicating strong upwards momentum of the price BOLLINGER SQUEEZE BREAKOUT : On top of that price has also broken out of a recent bollinger squeeze formed at around 12 pm today indicating all technical indicators support the upward push TP & SL : TP is set at 19765 SL is set at 19500
NSE:NIFTYLong
by peace_lover
GLAXO | FAKEOUT OF DESCENDING TRIANGLE?The descending triangle is a pattern that leads to big explosive moves once price breaks out either side of the triangle. Here in Glaxo, the price does seem have to broken to the downside, but the candles formed in the yellow box above, do seem to suggest a fake breakdown. The formation of a Bullish Harami cross, with heavy volumes suggest more buying down there. (A Bullish Harami formation is when there is an inside bar formed next to a bearish mother candle, and the next candle crosses the high of the Mother candle) A stochastic crossover in the Oversold zone also suggests buying coming in instead of selloff POINTS TO NOTE BEFORE INITIATING LONG: 1. A breakdown of a descending triangle, yet the follow-up selloff is missing. 2. Formation of a Bullish Harami Cross suggesting buying 3. A stochastic crossover in the Oversold zone. 4. Last but not the least, if it does turn out to be a fakeout, the RR is close to 5.5. (Considering the target after a successful breakout to the upside as the pattern height) Considering the above points, a long can be initiated as follows: Entry 1450 SL 1370 Targets 1870 RR 1:5.5 As always trade according to your risk appetite. And always enter your SL first.
NSE:GLAXOLong
by Divergent_trader
3
nifty near all time high but ...nifty cmp 18226 yesterday made 18864.70 previous all time high 18887.60 what next ? technical setup : rising wedge pattern stochastic rsi at 100 weekly highly overbought index perfect rising wedge pattern in weekly setup with price near trend line resistance . weekly stochastic rsi at 100 is indicating highly overbought indication too its good setup to sell with minimum stop loss above trend line close targets given are bold but as per pattern trade with minimal stop loss & to contra trade against over bullish sentiments , this technical can deliver happy trading trade set up : weekly sell in zone 18880 to 18920 keeping 19050 as closing basis stop loss positional sell in zone 1880 to 18950 keeping 19235 as closing basis stop loss targets : 18535 / 18305 / 18045 / 17863 / 17553
NSE:NIFTYShort
by HARMONICSANAND
10
Technical Analysis Engineers India LimitedThis is a technical analysis report on NSE:ENGINERSIN Engineers India Limited (EIL), a leading engineering and consultancy firm in India. Technical Analysis Summary: EIL is currently trading at INR 77.05 (as of 18th April 2023, 2:26 p.m.). The stock has recently breached its 50-day moving average from the bottom upwards, with the 0.618 Fibonacci retracement level acting as resistance. Stochastic RSI indicates overbought conditions with KD values at 95.64 and 94.46, respectively. MACD suggests a positive uptrend, while Williams %R is above the -14.56 level. Based on our technical analysis, we recommend the following: Buy Recommendation: Target 1: INR 78.35 Target 2: INR 80.45 Stop Loss: INR 75.05 Please note that these recommendations are based on our technical analysis and should be considered along with other factors, such as market conditions and the company's fundamentals, before making any investment decisions. Outlook: The current technical indicators suggest a bullish trend in the short term for Engineers India Limited. However, investors should closely monitor the stock and adjust their positions accordingly, considering the overbought conditions indicated by the Stochastic RSI. Disclaimers and Disclosures: This report is for informational purposes only and should not be construed as a solicitation or offer to buy or sell any securities. Finogent Solutions and its analysts may have positions in the securities mentioned in this report, and any such positions are subject to change without notice. The information and opinions presented in this report have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. The views and opinions expressed in this report are those of the analysts at Finogent Solutions and may differ from the views of other market participants. Please consult your financial advisor before making any investment decisions.
NSE:ENGINERSINLong
by finogent
FTMUSDT is looking great for MEGA investments !!Hello mates, I would like you to support me by pressing the like and boost buttons. Now let us dig into our analysis about FTMUSDT on 1D time frame Fantom's financial should be enough to sustain the project for another 30 years !!. Comparing the size of Fantom's holdings with FTM's current market capitalization of $600 million and the total value locked in the project of $460 million makes it easier to make profitable investment decisions. After the bullish news FTM price skyrocketed 36.55%. If we notice the descending resistance trend line (white line) three rejections are shown (yellow arrows) and the most recent one is on the first of December. FTM price reversed from 0.16$ and reclaimed the $0.20 area in the process. Fellows, this is considered a BULLISH sign,but FTM price has to break out from the descending resistance line or the price will remain trapped within support and resistance lines. If FTMUSDT transcend the resistance line and bounced off to the 0.3$ resistance level we could see an easy bull-ride toward 0.45$. Whether it breaks out from the line or fall below the $0.20 area will determine the direction of the future trend. If we notice Stochastic RSI (at the * drawn) is showing that price may decrease before the bounce from the next strong demand zone (Yellow shaded rectangle) thus we could enter at the yellow rally flag on the stochastic RSI indicator for better profit. We could see nice spice on the volume indicator too. If you are a long term investor FTMUSDT is the right choice to invest in. Waiting for descending trend line upward-breach and then FTM is going to MARS Discrimination: The published article is NOT a financial advice, it is a well constructed analysis based on fundamentals and technical analysis.
FLong
by CryptoMonstersOfficial
GOLDWhile correction gold's recent bounce rejected from RK's stop line along with upper bollinger band on daily time frame, as per wave structure we had marked it as wave X, Overall wave structure is still suggesting corrective phase only, along with trend indicator's support as a same bias by macd on multi time frame, stochastic on daily time frame, RK's momentum and also Dollar index resumes its rally, so Gold can see its slide to south direction near $1710, where wave Z can be equal to wave W. Once price closes below 20DMA which is pegged at $1842, then bear strength can show more power. Gold has possibly started its wave Z On daily chart histogram is decreasing Weekly macd is already in negative way Monthly macd is also in negative Daily stochastic negative crossover RK's momentum also not sustaining positive on daily chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
GShort
by RK_Chaarts
7
Time To Buy INDOSTARIt is the time to buy INDOSTAR on the following grounds:- 1. It has reached 52 week low. 2. Its stock price has reached the lower band of Bollinger band in daily, weekly and monthly chart. 3. The stock price is almost touching r2 of pivot points. 4. RSI is below 35. 5. EMA 10 and 20 are about to touch. 6. A Doji is forming signalling that the downtrend is coming to an end. Also the doji is green and it has formed on the lower Bollinger Band. 7. MACD will soon give buy signal. 8. Stochastic has given a buy signal. 9. Stochastic RSI has also given buy signal. 10. There had been a breakout a few weeks ago in weekly chart. 11. In monthly chart there is a long red candle. 12. There is a bull bear fight in daily chart and bull is starting to win since there has been a hammer candlestick formation. After all of these points how can't we say that INDOSTAR is gonna go bullish. Here are the MINIMUM profit expectations:- Day Trader - 2.68% Weekly Trader - 45.44% Monthly Trader - 90.91%
NSE:INDOSTARLong
by stock2k0
3
SILVER MCXSILVER MCX in the near term 70500 - 70600 are the resistance zone for silver mcx, it has possibly completed wave ii in three wave decline, and now possibly wave iii is unfolding. If our wave counts are going correct then above resistance zone silver can show 79000 plus, where wave iii would be equal to wave i. Currently price is sustaining above RK's stop line and also above RK's cloud along with buy signal in RK's Magic on daily chart, which is a good positive sign itself, if we see price is also above 20DMA and 20WMA, macd is also positive in both daily and weekly time frames, RSI on weekly is uptick, stochastic on daily is supporting same bias. On the way down immediate supports are pegged at 67050 as a RK's stop line, and major support at 65298 to watch out for upcoming sessions. Overall wave structure on weekly chart macd positive in weekly and also above zero line macd positive crossed in daily chart RK's indicator also suggesting to go long Price above 20WMA above mid bollinger in Weekly chart Price above 20DMA above mid bollinger in daily chart rsi in weekly uptick stochastic in daily going positively uptick Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
MCX:SILVER1!Long
by RK_Chaarts