Repeated attempts to mark a downside break of the HKEX:1 ,980-79 support confluence comprising a fortnight-old symmetrical triangle, as well as the 200-SMA, keep Gold bears hopeful of posting a third weekly loss in a row. However, a six-week-long horizontal support zone around HKEX:1 ,935 appears a tough nut to crack for the XAUUSD sellers, especially amid the...
BANKNIFTY ANALYSIS WITH LOGIC: 1. Maximum range boundness can be seen during today intraday session. 2. Consolidation can be seen in between 42787 - 42920 levels. 3, Don't try to make any kind of directional trades Have a safe and profitable day :)
#Suntv cash -Positional call 27.04.2023 Buy above 440.10 Stoploss 420 Tgt 478-480/520 Cmp 428 (Strong resistance zone 435-440)
BANKNIFTY ANALYSIS WITH LOGIC: 1.If there's flat opening and price closes in between 42920 - 42787 levels with first 15 min candle we will not take any kind of trades. 2.If price crosses 42920 level with strong 15m candle we will take long position up to 43295 level, 3.If price crosses 42787 level with 15m candle it should retest those level. then only we will...
#UPL Cash -Positional call 26.04.2023 Looks good above 722 SL 705 Tgt 740/760/780 Cmp 715.35
BANKNIFTY ANALYSIS WITH LOGIC: 1. If there's gap up and therefore price gets rejected from 42787 level, we can expect sharp fall up to 42500 level. 2. If it gets reversal from that level, we can short up to 42500 level by maintaining trailing stoploss. 3. Or if price sustains above 42787 level from that point and form 15m bullish candle, price should retest that...
BANKNIFTY ANALYSIS WITH LOGIC: 1. If there's gap up and forms 15m bullish candle above 42787 level and should retest level, then only we will take long position up to 43600 level 2, Maximum range boundness can be seen during today intraday session 3. May have movement during second half so buyers be careful while placing trades. 4. Strictly maintain trailing...
GBPUSD buyers appear running out of steam as it wavers inside a three-week-old trading range. Even so, the Cable pair’s successful trading above the 11-month-old descending trend line close to 1.2320 at the latest, as well as beyond an upward-sloping trend line since the last September, keeps the buyers hopeful. Adding strength to the shorter ascending trend line...
#Canbk cash -Positional 24.04.2023 Strong breakout above 300 level for 315/340/370/400 Accumulate sl 270 (Risk free once Close above 315 for 340/370) Cmp 302.95
BANKNIFTY ANALYSIS WITH LOGIC: 1. Considering new levels if there's flat opening or gap up price should retest at multiple rejection areas. 2. Then only we will take long position upto 42385 as our first target by maintaining trailing stoploss. 3.If there's flat opening price should retest and form bullish candle at 40015 level, then only we will plan for buy...
CNX500 Relative Strength Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st April 2023 This Ratio Chart is NOT supportive of a Bull/ Risk On phase for the Broad Market. The 500 stocks are likely to Underperform while the 50 stocks are likely to Outperform. What does this mean you ask? In simple Layman terms, it means Index Nifty 50 will be MANAGED (propped...
Chart patterns insist me the above titled opinion. Reasons 1. Muthoot finance has been travelling in a expanding triangle pattern from 2015. 2. Till now, its respecting the pattern by taking support and resistance at perfect levels. 3. Currently it is in downswing inside the pattern. 4. It may take take support at the Major support (GRENN LINE 800 LEVEL )...
BANKNIFTY ANALYSIS WITH LOGIC: 1. If there's gap up price should form bullish candle above 42470 level then only, we will take long position up to 42820 level. 2. If there's flat opening on today's session price should reach 42238 level. If there's any rejection candle forms above this level, we can take long position up to 42365 level by maintaining trailing...
#UBL Cash -Positional call 20.04.2023 Looks good above 1450.10 Stoploss 1425 Tgt 1478-1480/1520 Cmp 1438.40
#Delta Corp CASH -Positional call 20.04.2023 Strong resistance 206-210 zone then one way up Cmp 193.40
Trade Wisely. We Can Just Predict. Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
BANKNIFTY ANALYSIS WITH LOGIC:' 1. If there's is gap up or flat opening in price and forms bearish candle below 42238 level, we can short up to 41920 level 2. If price sustains above 42238 level, it should retest those level then only we will take long position up to 42365 level as first target. 3. If price crosses above 42365 level, should retest those level...
Gold price grinds lower between a three-month-old ascending resistance line and an upward-sloping trend line from late March. That said, the quote recently bounced off a convergence of the 21-day EMA and an upward-sloping support line from March 22, close to HKEX:1 ,980, which in turn suggests the commodity’s further recovery towards the HKEX:2 ,020 immediate...