In short term period (1-2) Month this stock might see 20% upmove as it recently break its short term pattern with decent volume. Currently, it is an early buying opportunity to get extra gain. If stock goes down then SL can be set at -6% level. NOTE: This is just for educational purpose only. Happy Trading :)
Gold price rises for the third consecutive day while paring weekly loss ahead of the key US inflation data, namely the Consumer Price Index (CPI) for June. In doing so, the precious metal justifies the bullish crossover of the 100-SMA to the 200-SMA and the firmer RSI (14) line. However, a month-old horizontal resistance zone surrounding $2,387-93 joins the...
Technical: 10/07/2024: PFC Closed at its all time high levels above 560. The Daily price action has formed an inside candle on 09/07 and an outside candle on 10/07, but closing above the previous two days' highs. Which shows strength in the counter. Possible scenarios: SCENARIO 1: Any Daily close above 567, and any bullish price action above and around 570 could...
Early Wednesday, NZDUSD prints the biggest daily fall in a fortnight on the Reserve Bank of New Zealand’s (RBNZ) dovish halt, as well as a softer print of China’s Consumer Price Index (CPI) for June. That said, the RBNZ matched market expectations for holding the benchmark rate unchanged but showed readiness to welcome easy monetary policy if inflation slows...
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Grasim Industries , a prominent player in the Indian conglomerate landscape, presents an intriguing prospect for swing traders, as evidenced by a convergence of technical factors signaling a potential upward rally. Reasons are listed below : The repeated testing of the 2175 level underscores its significance as a critical support/resistance zone. With the...
HFCL emerges as an attractive swing trade prospect, combining technical strength, breakthrough dynamics, and heightened market participation. Traders eyeing potential opportunities should keep a keen eye on these developments, as HFCL navigates its path in the market. Reasons are stated below : After enduring multiple tests at the 92 levels, HFCL has...
NSE:IREDA Analysis on a Daily Timeframe! Triangle Pattern Formation in IREDA! Triangle Pattern Breakout in IREDA! Analysis: As we can see the stock in moving in a triangle since December 2023. It was continuously consolidating in it. On 27th June it tried breaking out the resistance but unable to sustain above the resistance. Today again it has been...
TAO/USDT Chart Analysis GETTEX:TAO is 68% down from ATH in 3 months but up 750% in a year, giving 26x returns from the bottom! - May 7, 2023: $29 - Current: $236 - ATH: $777 Analysis: - Bounced from bullish OB1, targeting $350-$400. - Breaking the red box bearish OB could lead to $1000. - Falling below $200 support may drop to OB2 ($130-$150) – best entry...
EURUSD remains well-set on the buyer’s radar, despite snapping a four-day uptrend, as markets await Federal Reserve (Fed) Chairman Jerome Powell’s bi-annual Testimony. That said, the upbeat RSI (14) line and the bullish MACD signals join the quote’s successful trading beyond a convergence of 100-SMA and 200-SMA to keep the buyers hopeful. However, a month-old...
The euro experienced a slight decline of approximately -0.07% today as market participants anticipate a potential legislative deadlock following the French parliamentary elections. The euro is currently trading below the 34-day moving average (MA), indicating a short-term downtrend, and is also trading below the 89-day MA, suggesting that the long-term downtrend...
Gold ended Friday's trading session on a positive note following the release of key economic data from the Non-Farm Payroll report, which indicated weak data for the USD, gold prices surged immediately after breaking through the 236x resistance zone. Observing the H4 chart, we can clearly see the upward trend in gold prices. There is a notable double bottom...
1. **Price Movement**: - The price has been in an uptrend since mid-2020. - There was a consolidation phase that lasted from mid-2021 to mid-2023, forming a symmetrical triangle or a range-bound pattern. - Recently, the price has broken out of this consolidation pattern to the upside, which is a bullish signal. 2. **Volume**: - The volume spikes...
Despite posting a Doji candlestick on Thursday, the Gold price appears well set for the second consecutive weekly gain as traders await the US employment details for June. In doing so, the XAUUSD defends the mid-week breakout of a month-old descending resistance line, now immediate support around $2,350, backed by upbeat RSI conditions and the bullish MACD...
During the crossover of bands the price has been trading in the upper zone. The breakout of 1,525 will open the higher levels. Keep this stock on the radar. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
EURUSD struggles to keep the buyers on board early Thursday, after rising for four consecutive days, as market momentum dwindles during the US holiday. That said, the Euro pair jumped to a three-week high while rising the most in a week after the US statistics drowned Greenback the previous day. However, the cautious mood ahead of Friday’s key US employment report...
Aarti Drugs Ltd (NSE: AARTIDRUGS) has been trading within a well-defined parallel channel on the monthly timeframe since 2009. The stock is currently at the bottom of the channel, having successfully retested the channel support. This retest could signify a potential bounce, presenting a long-term buying opportunity. The RSI is also on an upward...
GBPUSD struggles to defend the five-day uptrend early Wednesday as traders await key activity numbers from the UK and the US, as well as Minutes of the latest Federal Reserve (Fed) monetary policy meeting. It’s worth noting that the US Dollar’s weakness past Fed Chair Jerome Powell’s speech propelled the quote’s previous rebound from a two-month-old horizontal...