Crude Oil USD Movements Analysis On 28th Feb 2024
USOIL seems like taking support of 100 Ema on Monthly and Daily TF.
If it close above 5ema at the end of this February Monthly Closing it would be good confirmation to Buy.
Simplertrading
B.N Smiple AnalysisBank nifty coming near to its big ranges low. Chances for trap can be higher but wait for price action for good breakout reward.
Reliance Showing Initial Sign Of Weakness!Reliance Showing Initial Sign Of Weakness Near ~ 2424, And Weak Volume Appears Hourly Chart. Sell Near ~ 2425, 2435, With Stop ~ 2451, For Target ~ 2330. Expected Target Feb Expiry.
RVNL - Simplest Avwap Chart On a weekly timeframe the chart is religiously following its anchored VWAP since the march 2020 low.
It has been creating accumulation zones shown in the BLUE color boxes shifting UP
KPIT TECHSimple Price Action
Formed a trend line support from June and respecting the levels.
Gave a breakout , took the retest and again broke the weekly candle high with High volumes.
#HappyDiwaliFolks
#HappyTrading
GO LONG ON WIPRO SHORT TERMNSE:WIPRO
THIS IS SHORT TERM TRADE .
INTRADAY TRADE OF TARGET 414 OF 2 %
There is daily support zone and next resistances zone on hourly chart is 414
The SGX nifty is also up 100 points which indicates bullishness in market .
For short term confirmation the stock is above moving average 20 which means the trade is correct .
A stop loss should be maintai n below 401 of 399 .
This is for educational purpose.
Long CJit is a simple fact that in the higher timeframe we are in the major up trend and if the price brakes below the trend line, i would look for shorting it.
Piind perfect btrakout and swing entryPIIND perfect breakout and swing entry
As per the below analysis
Camarila R4 break out
Candle reversal
Above moving average s
NTPC | Simple Supply & Demand chart - Looks good for 32%NTPC | Simple Supply & Demand chart - Looks good for 32%
CMP : 110
SL : 100
Target : 146
Almost 1:5 risk reward setup
