BANKNIFTY ANALYSIS WITH LOGIC: 1. If there's gap up on tomorrow session price should from bullish candle at 40390 level. From that level we can set our targets up to 41300 level. 2. if there's gap down or flat opening we must wait until the price reaches to 39645 level and should retrace from that point so that we can take long positions up to 40390 level. 3....
Gold price seesaws around the top line of a five-month-old bullish channel, recently supported by the 10-day EMA. It’s worth noting, however, that the smaller gap towards the north joins descending RSI (14) line and easing bullish bias of the MACD signals to keep XAUUSD sellers hopeful. However, a clear downside break of the 10-day EMA, around $1,955 by the press...
Following its bounce off YTD low, the AUDUSD pair crossed an important resistance line from early February, now support. The Aussie pair’s further advances, however, remained gradual and portray a 13-day-old bullish channel. That said, the quote picks up bids inside the aforementioned bullish chart formation ahead of Australia’s monthly Consumer Price Index (CPI)...
BANKNIFTY ANALYSIS WITH LOGIC: 1. Considering the levels if there's flat opening mostly, we can see range bound market in between 39362 - 39690 levels. 2. If there's gap up above 39690 price should form 15m bullish candle at that level, then only we will take long position up to 39960 level. 3. If there's gap down price should reach 39150 level should get...
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CRUDE OIL :- Price is re testing the sideways zone, this is the first retest, in the matter of my opinion, We can take a trade at this price point. we can clearly see the short setup.
USDJPY struggles to defend the first positive week in five, grinding lower inside a falling wedge bullish chart formation. It should be noted that the bullish MACD signals and upward-sloping RSI (14) line, not overbought, keep buyers hopeful despite the latest weakness of the Yen pair. However, a sustained break of the 50-SMA hurdle surrounding 131.85 becomes...
BANKNIFTY ANALYSIS WITH LOGIC: 1. If there's flat opening and moves downwards price should retest 39130 level should form 15m bullish candle. Then only we will take long positions up to 394645 level by maintaining trailing stoploss. 2. Maximum range boundness can be seen during today intraday session on bank nifty. 3. If there's gap up price should sustain above...
GBPUSD confirmed a rising wedge bearish chart pattern on Friday, despite posting another weekly gain and marking an intraday run-up of late. However, the absence of an oversold RSI suggests that the Cable pair could drift lower. That said, the 50-SMA and a two-month-old previous resistance line, respectively near 1.2200 and 1.2170, can restrict the short-term...
BANKNIFTY ANALYSIS WITH LOGIC: 1. Considering the new levels if there's gap up price should retest 39365 level with 15m bullish candle. Then only we will take long positions up to 39800 level. 2. Don't expect fast movement market will be less volatile when compared to Friday session. 3. If there's gap down price should retest 39365 level with strong bearish...
Polkadot is near support zone on hourly chart, we can take a small swing trade here. Entry: We can go long after close of strong bullish candle near support zone. Stoploss: We can keep the stoploss below the support zone. Target: We can keep the target near the next resistance zone. Thank You, Please give a Like & Follow me.
Gold teased bears earlier in the week by defying the bullish channel but the follow-on bounce off the $1,934-36 zone renewed buying interest in the yellow metal. However, a clear upside break of $2,000 becomes necessary for the XAUUSD buyers for conviction. Also acting as an upside filter is the aforementioned channel’s lower line, close to $2,011 at the latest....
BANKNIFTY ANALYSIS WITH LOGIC: 1. If there's gap down in between 39770 - 39455 levels, there will be some consolidation and if the price breaks 39455 level with strong 15 min bearish candle we can expect fall up to 39130 as our first target. 2. If it continues to fall down, we can move our positions up to 38940 as a second target. 3. If there's upward movement....
BANKNIFTY ANALYSIS WITH LOGIC: 1. If there's flat opening price should test 39770 level. Then only we will plan buy side unto 40330 level. 2. Maximum range boundness can be seen during first half. We can expect strong movement from second half. 3. If there's gap down price should form strong 15m bearish candle below 39770 level therefore we can short our...
GBPUSD pokes a 10-month-old descending resistance line as the Cable bulls brace for the Bank of England (BoE) updates. Given the pair’s successful trading above the key DMAs and a clear rebound from the 61.8% Fibonacci retracement of the May-September 2022 downturn, the buyers are likely to overcome the stated trend line resistance, currently around 1.2340. The...
#Sunpharma cash -Positional call 22.03.2023 Looks good above 975.10 Stoploss 950 Target 995-1000/1040 Cmp 972.05
EURUSD stays firmer for the fourth consecutive week as traders prepare for the key Federal Reserve monetary policy meeting on early Wednesday. The major currency pair’s latest run-up could be linked to a successful break of the 200-SMA. However, a 12-day-old ascending triangle can join the overbought RSI and a horizontal area comprising multiple hurdles marked...
BANKNIFTY ANALYSIS WITH LOGIC: 1. If there's gap up and price gets reversal from 40245 level with strong rejection candle. we can short upto 39770 level. 2. If price opens on a flat and crosses 39455 level with strong bearish candle we can short up to 39130 level. 3. If price moves upwards on a flat note and crosses 40245 level we can take buy position upto...