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USDCAD is likely to decline further as 2023 beginsUSDCAD holds onto the late December downside break of the seven-week-old ascending support line, even if the 200-SMA challenges the bears. That said, the downbeat MACD and RSI conditions also favor the Loonie pair sellers as they attack the key SMA surrounding 1.3520. Additionally challenging the bears is the double bottoms marked around 1.3485-80 during the last week, a break of which could quickly drag prices towards the previous monthly low of around 1.3380. In a case where the quote remains bearish past 1.3380, November’s low of 1.3225 will gain the market’s attention. On the contrary, recovery moves need to cross the previous support line from early November, close to 1.3645-50 by the press time, to convince buyers. Even so, the double tops marked the last month at around 1.3700 will be a crucial challenge for the USDCAD optimists. It's worth noting that the pair’s run-up beyond 1.3700 won’t hesitate to challenge the yearly high marked in October around 1.3980. However, November’s peak near 1.3810 could act as a buffer during the anticipated run-up. Overall, USDCAD is likely to remain weak but the 200-SMA can challenge short-term sellers amid the holiday mood.
by MTradingGlobal
Nifty Prediction For coming days Lets see what are the possibilities for comning days in nifty Bullish View as we can see Inverted H&S in weekly and daily TF, As projected in the Chart above and below. Lets not forget that we have All time high near by and anything might happen at this point, So we will consider bullish only once the high is broken and retested and sustained. Simple price action patterns trade will help you keep your mind clean regarding the trend, And identify perfect S&R levels. Now lets see the Big WHAT IF !! Weekly The Picture above Shows the Possibilities of RSI Divergence if at all matket reaches the All time high, Thats when we might see a Double top with RSI divergence. Take confluence from Volume and Oscilator divergence for bearish moves, Look for Option chain Open Interest Levels see if major call are being written or puts being bought, these will help you identify the trend reversal. MTF anaysis helps you trade with trend. I made Weekly and daily .. now its your turn to make intraday analysis. You can reach out to me here if you need any suggestion. First train you eyes to identify the patterns then think about logic and its technical aspect. No one swims without drowning first and no one wins without loosing first.
NSEIX:NIFTY1!
by TeamTaurus
45
KV Forge - Weekly breakout🔴DISCLAIMER ***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio) After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
BSE:KVFORGELong
by PrakWorld_Traders
Sing trade - Summit Securities🔴DISCLAIMER ***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio) After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
NSE:SUMMITSECLong
by PrakWorld_Traders
Swing Trade - Bervin Investment🔴DISCLAIMER ***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio) After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
BSE:BERVINLLong
by PrakWorld_Traders
Yes Found Another For You Hello Everyone, Today i am again with a new stock HDFC AMC as you can it has made a double bottom and now it is ready for breakout and to be buyed. When you go to daily chart you will find a inverse head and shoulders pattern which also gives us more possibility to buy. Thanks pls do follow us and like this post also tell us that are you interested in it or not. We are not SEBI Registered so the total risk is yours we are here to aware you about charts
NSE:HDFCAMCLong
by UKnowN_ThE
Rashtriya Chem & Fert : +57% Upside PotentialRCF 23 Nov 2022 Stock BO with strong volume today from a consolidation of 2 months, we can witness a follow-through. In Play : HH-HL Summary - Stock bounced from the VAH zone - 2 months of accumulation - Inv Head and Shoulder pattern(Confirmed BO) - ATH is at 150.45 Conclusion - CMP 118.40 - 3% Test position can be initiated - Rest Qty can be planned on RT of TL - Higher targets could be around • Short Term – 126/148 • Long Term – 176(ATH @ 150.45) need to see price action in the ATH zone to confirm Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:RCFLong
by DhirajSinghBais
INFY available at good price, khareedo bindaas 1258-1308INFY is down by 30% from its high made in Jan'22, and now available at good risk reward ratio. Its near good support zone and entry in the price range with 30-40% plan qty near 1258-1308 (which was price May'21) looks good. In my opinion if any fundamentally strong company is available at good risk reward zone then we should plan an entry but with risk management in place. Only problem right now is RSI which during May'21 was in the range of 60-70 which is now at 37. Thats the reason I am asking to enter only with 30-40% plan qty and more once price close above 1476. Enjoy
NSE:INFYLong
by ssudhirsharma11
Must See This Hello everyone, Today I am again here with a new swing trade NATIONAL ALUMINIUM as you can see it has made a double bottom and a support at 200 ma and also rsi is heading upwards towards 70 and 80 and when you go to Monthly Chart you will find that a very previous line that is supporting it at this point and if you watch its nature it is a stock that when moves up gives you a very bullish signal and gives you a minimum return upto 70% but if you are doing a swing trade you have to take the target of a swing or 10% - 20%. So if you are seeking for this type of return you can find it easily in this, If you like these type of content pls do follow us and like this Post btw, Thank You, Bye. Disclaimer:- We are not a SEBI Registered advisors, these type of idea is only for awaring you what is going on in the markets and educational purpose.
NSE:NATIONALUMLong
by UKnowN_ThE