Technical analysis is a trading tool employed to evaluate securities and attempt to forecast their future movement by analyzing statistics gathered from trading activity, such as price movement and volume. Unlike fundamental analysts who attempt to evaluate a security's intrinsic value, technical analysts focus on charts of price movement and various analytical tools to evaluate a security's strength or weakness and forecast future price changes.
Over the years, numerous technical indicators have been developed by analysts in attempts to accurately forecast future price movements. Some indicators are focused primarily on identifying the current market trend, including support and resistance areas, while others are focused on determining the strength of a trend and the likelihood of its continuation. Commonly used technical indicators include trendlines, moving averages and momentum indicators such as the moving average convergence divergence (MACD) indicator.
Correction - Pardon for Saying 11740's as target for Auropharma at the end of the video- Target if 700 intact is 740/790's
Thanks for watching the video. Don't forget to support the idea.
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Five Leg Pattern Gartley - XA-...
There're two excess found above the Value High.
3-price rotation, on the value area.
Above the control price, there are not trading activities detected.
Last closed price is at control price.
Conclusion, Buyers always look at excess 28429 of value low and sellers attraction should be at excess 29316 of value high.
11:10 Hrs / 24th April 2019
Nifty Last Price@11582 - Spot Price / Cash Price
This piece of analysis I would like to dedicate to Mr. Armando Avila, Former editor of Lowrider Arte ( Lowrider Magazine) who followed the words of wisdom as suggested by his Abeulita (Spanish word for Grandmother) when he was just 8 year old boy & turned his passion into reality- The...
Auropharma Profile Page at
in.tradingview.com
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From Mythologies-
As mentioned in Srimad Bhagavatam
Jada Bharath was reincarnated as a deer because he was too attached to the deer which he adopted when it was still very young.
SBIN was reincarnated at 250-260 zone as mentioned in the video idea - "Ulta Pulta" and achieved its past life target for 340(Inverse Head & Shoulder Target-Explained in the current...
Technical analysis:
. Ripple/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the Beginning of...
Midterm forecast:
While the price is above the support 162.650, beginning of uptrend is expected.
We make sure when the resistance at 264.800 breaks.
If the support at 162.650 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 44 is not broken, the probability of price decrease would be too...
Gold consolidated after huge gains in yet another another big week with range of over $38 with actual movement of less than a dollar. Such a move created an indecisive candlestick or a spinning top which is par on course as next week contains very important event of – “Fed’s interest rate decision” which will shape the future path of gold. The fundamentals remain...
Colgate Palmolove India has been in a uptrend for more than 3 years. The stock now appears to be reversing from strong support.
Its certainly worth checking for price action and then enter the long ride!
Gold posted massive gains of $35 in the week which was having a range of $43 making it the biggest week of 2019 and the highest weekly gain in last 3 years. Gold zoomed towards the highs in the fear fueled rally assisted by a near certainty of a rate cut by the Fed later this month due to appalling data which signaled intensive slowdown. The resistances were taken...
This trade is already executed and profits have been booked.
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