Here are some levels marked on Nifty spot chart for intraday importance 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...
Gold prices have been in a choppy range between $1,915 and $1,950 since the start of April. In doing so, the metal observes a short-term triangle formation, suggesting a further sideways grind. However, sustained trading below the 200-SMA and sluggish oscillators keep sellers hopeful. That said, a clear downside break of the stated triangle’s support, around...
Nifty will open a gap down today. if it breaks the 17750 level then strong downside movement is possible. if it wont breaks this support then upside movement can possible #nifty #optiontrading #tradegainx
A one-month-old horizontal area probes EURUSD bears amid oversold RSI conditions, portraying a corrective pullback towards the late March low near 1.0945. However, a convergence of the 50-SMA and 100-SMA, as well as bearish MACD signals, can challenge sellers afterward. In a case where the SMA confluence fails to stop buyers, 1.1120 and the last monthly peak...
Sail work in parallel channel, it may test 122 soon. if sustain above 122 it would be break out of falling wedge pattern next target would be 140 and 175 in upcoming month.
Dr. Reddy form Inverse H&S pattern. It can long if come 4150-4210 or if it close above it's neck line 4400 for target 4750 and 4900 in upcoming month.
Despite refreshing a 10-month high the previous day, AUDUSD failed to provide a daily closing beyond the monthly resistance line, around 0.7600 by the press time. The resultant pullback moves currently battle October 2021 high while teasing the bears. That said, overbought RSI conditions add strength to the latest retreat, which in turn suggests the quote’s...
NIFTY in consolidation after hitting high near channel top 18115 down side 17700---17800 is the support zone based on following analysis: support : 20 ema : 17750 critical trend line (white) support near 17740 gap to fill support : 17688 note : LRHR (Low risk high reward opportunity ) will be finding selling opportunity near channel top and finding buy on dip...
#Bharatforg cash -Positional call 05 April 2022 Looks good above 732.50 stoploss 716 Target 758-760/790 Cmp 727.35
GBPUSD struggles to defend 1.3100 inside a one-week-old symmetrical triangle. Even so, an impending bear cross and failure to cross the horizontal resistance since late February during the latest upswing keep sellers hopeful. That being said, a clear downside break of the 1.3100 threshold, also comprising the stated triangle’s support line, becomes necessary for...
#Cipla cash -Positional call 04.04.2022 Looks good above 1030.10 stoploss 995 Target 1095-1100/1140 Cmp 1028
There is a support from 44 MA and as well as there a double bottom .Stop loss is just below the moving average and the support and resistance area.You can also choose 50 but i prefer 44MA Risk and Reward is 1:2 . Also double comformation is giving by support and resistance area . Trade must go on for one week or so .
Be it a clear bounce off the 50% Fibonacci retracement (Fibo.) of an upswing from mid-March or sustained trading beyond the one-week-old rising trend line, not to forget the 50-SMA, USDJPY has it all to revisit the multi-year top poked during late March. That being said, the 124.00 threshold may offer an intermediate halt during the run-up targeting the recent top...
NIFTY respecting white trend line along with trading within upward green channel 17500-17400 support on downside and on upside immediate hurdle previous swing high at 17789 --795 till it is getting channel support and trend line support bias is positive with caution (as last leg of wave d (e) this impulse move should not slow down.. and bulls need to be...
I will buy FCL because : The price is forming a Ascending Triangle Pattern. The price has broken the resistance. The price is in Uptrend and has been forming good Volumes. Entry : 187 Target : 220/250 Stop loss : 172
Bank Nifty Making Descending Channel Pattern, Very high chance to give upside breakout
Nifty important levels for 24.3.22 for intraday trading.
jkil chart analysis for intraday and swing trading