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35% Potential Trade in Venkeys | Swing TradeWonderful 35% potential swing trade in Vekeys. Tactics - Wait for a powerful green candle as a confirmation to enter in daily TF. Reason to trade - 1. Breakout of 50 EMA with good volume 2. Trendline breakout 3. Breakout of Horizontal Demand Area 4. Has made a breakout and then retest which is a bullish pattern. 5. RSI above MA Do you guys want me to make Video explanations of stocks in YoutTube?? If yes please do comment Please hit the like button this really motivates me to make more such analysis for you guys. Also Follow to get regular updates. Lets make money together The Rich Trader Rohit Sharma
NSE:VENKEYSLong
by The_Rich_Trader_TRT
4
Nine-month-old support line becomes crucial for Brent oil bearsBrent oil sellers cheer a clear downside break of 200-DMA and 50% Fibonacci retracement of March-October upside around 13-day low. While bearish MACD signals and descending RSI line, not oversold, favor the commodity sellers, an upward sloping trend line from March 23, around $68.70, is the key for the quote’s further downside. Should the commodity bears drop below $68.70, the 78.6% Fibo. and August month’s low, respectively near $66.20 and $65.10, will return to the charts before directing the British energy benchmark towards March’s low of $60.44. Meanwhile, an upside clearance of the support-turned-resistance confluence around $73.50 will aim for a 38.2% Fibonacci retracement level of $76.70 and then to July’s swing high near $78.50. In a case where Brent oil buyers manage to cross the $78.50 mark, the $80.00 psychological magnet and $82.80 will act as buffers during the run-up targeting the yearly peak of $86.60. To sum up, Brent oil bears tighten the grip but the ball may slip if the trend line support holds.
TVC:UKOIL
by MTradingGlobal