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.
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...
This trade is already executed and profits have been booked.
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Trading suggestion:
. There is a possibility of temporary retracement to resistance support line (1280.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. Price is below WEMA21, if price rises more, this line can act as...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6735.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6785.
TP4: R2=0.68.
Set the stoploss of these orders at breakout of S2=0.6715.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Review of last Idea
Plan A – achieved 80-90 points as discussed in the trading strategy of last video idea.
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Power of M can be experienced in various forms. One of such form was visible in current structure in 11550-11570...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.129.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1325.
TP4: R2=1.1345.
Set the stoploss of these orders at breakout of S2=1.128.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
After a huge fall and more than 7 months of consolidation at the bottom, PC Jewellers finally appears to have broken its consolidation phase. Time to ride the move!
Gold had a muted week in terms of actual gain/loss as it was in consolidation after suffering a big red weekly bar in the previous week. The yellow metal moved in $25 range testing the support and the resistance ending with cuts of mere $1. Some notable events are lined up in the week ahead with “FOMC Meeting Minutes” being the most important one which can move...
Trading Strategy
Plan A -
Sell Close to 307-308 Highs -Once You get in 303-306 zone with strict stops above 308 Highs
Plan B -
Sell if Holds & Goes below 300
Plan C -
Buy for Explosive Upside Target as suggested in "SBIN -Ulta Pulta Idea"
Targets
Target 1- 280
Target 2- 265-270
Thanks for checking the video & do support if you like the idea. Happy...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.2). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
....
Technical analysis:
. Monetha/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000510 to 0.00000433). if so, traders can set orders based on Price...
Technical analysis:
. LOOPRING/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001310 to 0.00001110). if so, traders can set orders based on Price...
Technical analysis:
. VIBERATE/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000765 to 0.00000588). if so, traders can set orders based on Price...
Ashok Leyland last day open with 96.10 making hingh 97.75 low 95.60 as well as close with 96.50 if we are following harmonic pattern ashok leyland will be down its a create to pressure at 97.75.
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