GBPUSD refreshed it's monthly high the previous day but the bulls don’t have smooth sailing due to the weekly closing below the 1.2630-40 horizontal hurdle. That said, RSI and MACD have been supportive of the recovery moves and hint at the further upside. However, a convergence of the descending trend line from February and the 50-DMA, around 1.2775-80, appears a...
Here is support and resistance level of Wipro in 15m timeframe , considering the current price level it's probably going to fall in the next trading session of 30th of may or if the resistance breaks it might go to next resistance level
EURUSD remains firmer inside a fortnight old bullish channel ahead of the Fed’s preferred gauge of inflation, also staying beyond the key SMAs. Currently, the channel’s upper line surrounding 1.0800 lures the pair buyers, a break of which will direct them towards the 78.6% Fibonacci retracement (Fibo.) of April 21 to May 13 fall, near 1.0820. It’s worth noting...
NSE:BANKNIFTY on 26-may bank, nifty managed to break and closed above the heavy resistance of 34800- 35000 and it has closed at 35100. if this breakout is sustained above 35000 then a reversal in trend is signalled and a new bullish trend will start. A test of the breakout zone is needed to validate the new uptrend. Caution- nifty and bank nifty and not...
Expecting 14% ROI in DR. Lalpath lab scrip. But wait for the confirmation or enter at lower levels. And also don't forget market is still in bear grip so always set stoploss and follow money management. Thank you for following and share max.
Gold prices stay pressured inside a fortnight-old bullish channel, recently challenging the channel’s lower line. Given the metal’s pullback from a monthly resistance line, coupled with the descending RSI, gold is likely to witness fresh selling. However, a clear downside break of the stated channel’s support, close to $1,845 by the press time, becomes necessary...
NZDUSD renews a three-week high around 0.6500 after the RBNZ confirmed the widely anticipated 0.50% rate hike. The upside momentum takes clues from the early-week break out of a downward sloping trend line from the April peak and the 20-DMA, around 0.6385-80. Also keeping the bulls hopeful is the RSI (14) conditions, firmer but not overbought. That said, a...
2200 ZONE - A strong support turned into resistance. Anticipating further fall below 2030.
EURUSD consolidates the biggest daily gains in nearly three months around a fortnight top during Tuesday. In doing so, the major currency pair retreats from a weekly ascending trend channel’s resistance line amid an overbought RSI. However, the quote remains beyond the 200-SMA and previous resistance line from late March, respectively around 1.0650 and the 1.0560....
NSE:BHARTIARTL hovering between 780-650 zone. Now, it is heading towards support zone 650-660. entry should bein between 650-660. target 1st-mid of this channel 715-720, 2nd-resistance zone 770-780 Stoploss-630-635( small SL) Either will take support or breakdown. If a breakdown then closes the trade.
Brent oil prices managed to bounce off the crucial SMAs and 61.8% Fibonacci retracement of the late February to early March rally, despite posting meager weekly gains. Firmer RSI and the higher-low formation since April also keep the black gold on the bull’s radar. However, the upside bias needs validation from a two-month-old horizontal hurdle surrounding...
Focus Axis Bank makkale. Long term accumulate panaravanga take a view and also focus for swing and short term with strict stoploss. Still NIFTY is in SELL ON RISE trend,so manage the risk. Thank you for following.
GBPUSD braces for further upside until staying beyond the 100-SMA and a three-week-old horizontal resistance, now support 1.2400. That said, the 38.2% Fibonacci retracement (Fibo.) of the pair’s downside from late April to the recent lows, around 1.2515, appears short-term target for the bulls. Following that, the 1.2600 threshold and the monthly peak surrounding...
Gold prices hold lower grounds below the 200-DMA so far during the week, backed by downbeat MACD and RSI (14). The recovery moves, if any, also need to cross a downward sloping trend line from April around $1,845, in addition to remaining beyond the 200-DMA level surrounding $1,837, to be appealing to the bulls. Following that, an upward trajectory towards the...
Not only a downside break of the monthly bullish channel but sustained trading beneath the 100-SMA also keeps USDCAD sellers hopeful ahead of Canada’s Consumer Price Index (CPI) data on Wednesday. Adding strength to the bearish bias is the downward sloping RSI (14) since the last week. That said, the 1.2800 appears immediate support for the quote ahead of...
Crude oil again at major resistance 115. It may again correct from here.
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Vanakkam Makkale. Manappuram finance at dip,long term focus panravanga ippo enter aga try pannalam and just first 30% only. Thank you for following!!!