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Hindustan Aeronautics Limited (HAL)- Mid & Long Term OpportunityNote: Publishing this 2nd idea on NSE:HAL , in continuation to 1st one (link given below), to provide updated chart and targets. Suggested on: 23-Aug-2023 Rating: Buy (Mid Term as well as Long Term Opportunity) LTP on 23-Aug-2023: Rs. 2,015.55 SL for New Entry: Rs. 2,800 Targets Achieved: (1) Rs. 2400 --> (2) Rs. 2600 --> (3) 2915 Next Targets: (4) Rs. 3,079 --> (5) Rs. 3,239 --> (6) Rs. 3,498 Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:HALLong
by vicky252
2
Gold price today: Needs adjustment!Updated Gold Market Report: During the Asian trading session, gold (XAU/USD) has attracted strong buying interest, partly recovering from the previous sell-off, with the price currently at $2,150. The surge in US Treasury yields, driven by higher-than-expected US consumer inflation in February, has increased the value of the US dollar and put downward pressure on gold prices. The recovery in the US stock market has also led to a shift of funds away from gold, a safe haven asset. Personal perspective: The decline in gold following yesterday's CPI report is a positive development. The price correction not only creates an opportunity to buy at a better price but also enhances liquidity and accumulation prospects for the market.
OANDA:XAUUSDShort
by RKarina
Gold price adjusted strongly!Hello dear friends, let's find out about the price of gold today! As predicted since yesterday, gold has experienced strong downward pressure after the release of the Consumer Price Index (CPI) of the United States. According to the CPI report, it increased by 3.2% compared to the same period last year in February, slightly higher than the predicted 3.1% by market participants. The core index, which excludes volatile food and energy prices, came in at 3.8%, higher than the expected 3.7%, although lower than the 3.9% announced in January. These data have helped the USD recover and suppress the upward momentum of this precious metal. Currently, gold is trading around $2159 and is still undergoing a corrective phase after reaching record highs. In the short and medium term, gold is forming a cup and handle pattern and will soon face downward pressure after aiming for the resistance level of $2165. We can consider selling if gold reaches that level, with a profit target at the support level of $2145 - $2143.
OANDA:XAUUSDShort
by RKarina
EURUSD: Stuck in the falling price channel!Hello dear friends, today the stable recovery of the US Dollar (USD) has exerted new downward pressure on EUR/USD, extending its decline for the third consecutive session and revisiting the support level near 1.0900. The upward momentum is limited below the resistance level of 1.0935, as the current trend remains clearly bearish, indicated by the parallel channel on the chart. It is expected that this currency pair will continue to decrease further if it reaches the upper limit of the price channel as marked in the analysis. To find an opportunity for price increase, EUR/USD needs to break the current price channel. On the other hand, if unsuccessful, the next downward target for this currency pair will be at 1.090.
Short
by RKarina
GBPUSD :Pay ​​attention to US CPI data!Greetings dear friends, today the currency pair is trading around the level of 1.278 and has started a slight correction after facing selling pressure since yesterday. The cautious sentiment in the market ahead of important events in both the UK and the US may provide some support for safe-haven assets like the US Dollar (USD). The US Consumer Price Index (CPI) for February is estimated to maintain stability at 3.1% compared to the same period last year, and the core CPI is expected to decrease from 3.9% to 3.7% in February. A stronger-than-expected CPI report could further diminish hopes of a Fed interest rate cut in the near future. Conversely, this could boost the US Dollar and create resistance for the GBP/USD currency pair.
Short
by RKarina
GBPUSD: Under pressure from the recovering USDThe GBP/USD pair remains below the psychological barrier of 1.2800 in the early Asian trading hours on Wednesday. The US dollar is stronger after the release of the US CPI inflation data for February, which pushed the major currency pair lower. Investors are awaiting the UK's GDP growth figure for January, which is forecasted to increase by 0.2% compared to the previous month. The price may continue to decline if this is favorable news for the USD. In the short term: The first resistance level is at 1.2800 before 1.2850 and 1.2870. On the other hand, 1.2750 is considered the first support level before 1.2730-1.2720 and 1.2690.
Short
by RKarina
Amar Raja Energy & Mob Ltd Analysis!NSE:ARE_M Daily Analysis! Symmetrical Triangle Pattern formed in $NSE:ARE_M! Symmetrical Triangle Pattern breakout in $NSE:ARE_M! RSI Bounced Back from 50 Level NSE:ARE_M formed a Symmetrical Triangle Pattern on the Daily time-frame. The stock is being in the uptrend by taking support on 50EMA. We can clearly see the breakout to the resistance trend-line with sufficient volume. RSI also bounced back from 50 Level. We can ride the rally with strict stop loss. Last candle has given a breakout we can enter either in the upcoming trading session or after retest. The important levels are on the chart itself, please have a look on it. Trade Psychology and Setup: Entry = Current price level is good to enter(865-870) Target = 1052.15 Stop Loss = 809.90 Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:ARE&MLong
by Avinash9087
1
EURUSD rebounds within a month-old bullish channelEURUSD picks up bids to 1.0930 as traders consolidate weekly loss amid a sluggish Asian session on early Wednesday. In doing so, the Euro pair recovers within a one-month-old bullish trend channel amid upbeat RSI and MACD conditions. It’s worth noting that Tuesday’s Doji candlestick adds strength to the quote’s corrective bounce. With this, the buyers are likely to retake control and can aim for the 1.1000 threshold as an immediate upside target. However, the aforementioned channel’s top line surrounding 1.1010 and the November 2023 peak of 1.1017 will test the pair’s further upside. In a case where the bulls keep the reins past 1.1017, the previous yearly high marked in December around 1.1140 will be in the spotlight. On the contrary, EURUSD sellers will have a hard time taking control as the stated channel’s bottom line joins the 21-bar Exponential Moving Average (EMA) to highlight the 1.0870 as a tough nut to crack for them. Even if the Euro bears manage to smash the 1.0870 key support, an ascending support line from October 2023, near 1.0750, will test the bears. Furthermore, lows marked in December 2023 and last month, respectively near 1.0720 and 1.0690, also act as downside filters before giving control to the sellers. To sum up, EURUSD buyers are likely to keep the reins even if the upside room appears limited.
by MTradingGlobal
Gold price today: Waiting anxiously!The Tuesday trading session holds significant importance for investors as the US Bureau of Labor Statistics prepares to release the Consumer Price Index (CPI) report for February. This report is expected to provide fresh insights into recent inflation trends and guide the Federal Reserve's short-term monetary policy. According to forecasts, the overall CPI may increase by 0.4% compared to the previous month, reflecting the impact of rising energy costs. This result is predicted to maintain an annual interest rate stability of 3.1%. Meanwhile, the core index is anticipated to rise by 0.3% monthly, causing a slight decrease in the year-on-year rate from 3.9% to 3.7%. Gold prices fluctuated between 2175-2185 during yesterday's trading session, awaiting information from the CPI report set to be released at 7:30 PM tonight. It is expected that after the news, prices will break the current pattern and form a clear trend, enabling investors to devise short-term trading strategies: Sell around 2185-2188, with a stop loss at 2191, targeting 2172-2175. Buy around 2173-2175, with a stop loss at 2169, targeting 2186. Note: It is advised to close positions before the news is announced.
OANDA:XAUUSDShort
by RKarina
2
Gold price today: Become more cautious!The price of gold today did not decrease as previously predicted, instead it continued to move sideways and traded around the $2180 mark in the early hours of Tuesday. The market remained quiet on Monday due to a lack of significant news, resulting in no significant changes in the price of gold. Gold still shows a long-term upward trend, but at the moment, it is significantly influenced by news, especially information about the possibility of the Fed cutting interest rates in the middle of this year. During the week, the market will closely follow reports on retail sales, weekly jobless claims, and manufacturing data from the US. The future path of gold is still uncertain, so stay cautious and closely monitor the information. RKarina will continue to provide updates to support you!
OANDA:XAUUSD
by RKarina
GBPUSD hovers above 1.2770 resistance-turned-support on key dayGBPUSD regains 1.2800 after snapping a six-day losing streak, making rounds to 1.2820 heading into Tuesday’s European session. In doing so, the Cable pair portrays the market’s cautious mood ahead of the all-important UK employment data and the US Consumer Price Index (CPI) figures. That said, the overbought RSI (14) line joins the pre-data anxiety to test the Pound Sterling buyers. However, a seven-month-old resistance line, now support around 1.2770, challenges the immediate downside of the quote. Even if the pair drops beneath the resistance-turned-support of 1.2770, the 50-SMA level of 1.2690 and convergence of the 100-SMA and 200-SMA, close to 1.2585, will act as the final defense of the buyers before giving control to the bears. Meanwhile, the GBPUSD pair’s sustained run-up needs strong UK data, as well as softer US inflation to entertain the keep the Pound Sterling buyers on board. Even so, the yearly high marked on last Friday, around 1.2895, will be a tough nut to crack for the Cable buyers. In a case where the pair remains firmer past 1.2895, backed by the positive fundamentals, the quote could aim for the tops marked in July 2023 near 1.2995 and 1.3140 in that order. To sum up, the GBPUSD pair buyers keep the reins on the day of releases of the key employment and inflation data from the UK and the US.
by MTradingGlobal
EURUSD: Waiting anxiously!Hello dear friends! Today, EUR/USD is trading in a tight range below 1.0950 in the morning of Monday in Europe, extending its sideways movement in the context of a stable US dollar and mild risk sentiment. Traders are cautious about placing new bets on the major currency ahead of the US CPI data release on Tuesday. This will be a significant news that will directly impact the new trend of short-term scalpers, whether it is an upward or downward movement! On a personal note, RKarina expects this currency pair to experience a slight downward correction as the trend begins to move sideways and the upward momentum is limited. The support level at 1.087 is highly regarded in case it helps EURUSD regain momentum.
Short
by RKarina
What changes in the new gold price?Hello dear friends, let's find out about the gold price today and evaluate the strategy for this week! Last week, we witnessed a strong surge in Gold and it surpassed its all-time high with a figure close to $2200. We expected it to correct its trend last week, but it seems that the buying side continues to push it higher, and it is currently trading around $2180 on the first day of the week. The trend of this metal is still unclear, although the upward momentum is dominant, it is still heavily influenced by market news. Therefore, it is necessary to monitor and closely follow important information during the week. Regarding prospects: The global gold price this week is likely to see investors taking profits after a continuous week of price increase, causing the gold price to turn downwards. However, this decrease is not significant as political tensions continue to escalate and the US dollar remains subdue
OANDA:XAUUSDShort
by RKarina
USDJPY probes four-day losing streak despite upbeat Japan GDPUSDJPY seesaws at the lowest level in five weeks as bulls and bears jostle after the biggest weekly loss in eight months. In doing so, the Yen pair fails to justify better-than-previous Japanese GDP while challenging the four-day losing streak. That said, the oversold RSI (14) conditions and the 200-SMA support of near 146.30-25 also challenge the quote’s further downside. Following that, the mid-2023 peak of around 145.00 could act as an intermediate halt before directing the bears toward the late 2023 bottom of 140.25. Meanwhile, the USDJPY pair’s rebound needs validation from the 100-SMA level of 147.60, as well as the support-turned-resistance line stretched from early January, close to 148.80 at the latest. However, the 150.00 threshold and multiple tops surrounding 151.00 could check the Yen pair buyers afterward. Also acting as the upside filter is the previous yearly high of 151.90 and a one-year-old previous support line, now resistance around 152.80. Overall, the USDJPY pair’s sustained trading beneath the key technical supports, now resistances, join the bearish MACD signals to keep sellers hopeful. However, the oversold RSI and nearness to the 200-SMA might challenge the quote’s short-term downside.
by MTradingGlobal
EURUSD: Keep moving forward!Hello everyone, it's RKarina here again! Let's discuss and devise a strategy for the new day! The EUR/USD has gained momentum, pushing prices higher and creating an opportunity for a potential test of the psychological barrier at 1.1000. Increased selling pressure on the Greenback following the Non-Farm Payrolls report for February has provided this currency pair with additional upward potential. Currently, the EUR/USD is facing resistance at 1.098, but technical indicators and prospects still lean towards an upward movement. The level of 1.0960 (the Fibonacci retracement level of 61.8% of the latest downward trend) is considered the first resistance level for EUR/USD before reaching 1.1000 (psychological level) and 1.1035.
Long
by RKarina
Gold price today: Expect a gentle adjustment!Let's take a look at the exciting gold news of the week! Since February 28th, the gold market has truly heated up, with prices soaring to new heights and gently landing around $2,160 per ounce in Friday's Asian session. The expectations of a Fed rate cut in June have breathed new life into the sails of gold prices. And it was none other than the suggestive remarks from Fed Chairman Jerome Powell before Congress that added fuel to the fire, making predictions of an interest rate reduction even more certain. Looking back on a dazzling week for gold, it is not difficult to see that after the frenzy comes the cool breeze of adjustment. Personally, I predict that while gold has reached its peak of glory, it will not be able to avoid a certain "cooling down." Let's wait and see what gold will do next in this vast financial landscape.
OANDA:XAUUSDShort
by RKarina
Gold price today: Waiting for new jumps!The price of gold continues to rise to its all-time high around $2156 as Chairman Jerome Powell's comments reinforce expectations of monetary policy easing this year. Betting on interest rate cuts is driving up the price of gold, and everyone anticipates that the easing will happen soon, further supporting gold. The non-farm payroll report for February, set to be released on Friday, is expected to provide clearer information on the timing of the US interest rate cut. According to a Reuters poll, economists forecast that the US created 200,000 jobs in the month. If the employment figures are weaker than expected, it could push the price of gold even higher, nearing $2,200 per ounce.
OANDA:XAUUSDLong
by RKarina
2
EURUSD: Retesting the breakout zoneRKarina is delighted to meet you all again, to discuss and strategize for today! As expected, EUR/USD is testing its highest level in two months around 1.0950 during the Asian trading session on Friday. This currency pair gained ground on Thursday, supported by prospects of ECB movements and a weakening US Dollar following a dovish tone from Fed Chair Jerome Powell. The upcoming US NFP will be the focal point today, determining the moves for this currency pair. In the short term: Today, we prioritize selling as this currency pair undergoes a corrective trend after a significant rally. The pullback level is expected to be around 0.5 - 0.618 Fibonacci retracement (coinciding with the previous peak level for testing purposes).
Short
by RKarina
USDJPY: Downward pressure remainsHello dear friends, as expected, our USDJPY pair has declined to the support level at 147.84 and is showing signs of consolidation. In this case, a cup pattern is also forming, and a corrective rally may occur, although it is unlikely to last long as the market is still anticipating an interest rate cut in the near future, which would weaken the USD and limit the recovery of USDJPY. The expected price decline will continue if it reaches the 0.5 - 0.618 Fibonacci level (around 148.700). The target for sellers this time is 146.34. Wishing you happy and successful trading.
Short
by RKarina
GBPUSD : Moving towards critical creature abilities !The GBP/USD pair remains steady above the psychological barrier of 1.2800 in the early Asian trading hours on Friday. Selling pressure by the US Dollar provides some support for the major currency pair. The highlight on Friday will be the US labor market data for February. This currency pair has continued to gain points, although it has not yet surpassed the 1.2800 level. As mentioned before, buyers may not be able to sustain the value, and GBP/USD could face a decline. The next support level will be at 1.2700, followed by the 34-period Exponential Moving Average (EMA) at 1.2673. On the other hand, if buyers exten
Short
by RKarina
Gold price today: Record high!Hello everyone, it's great to see you all again for today's discussion on the price of gold! Currently, gold is trading around $2,145.560 per ounce, an increase of $17,995 per ounce compared to yesterday's price. This upward trend in gold continues today, driven by the expectation of monetary easing in the United States. Gold has strong potential for short-term growth as the Fed will not let the US economy weaken. The Fed is likely to soon cut interest rates, which will support gold. However, gold also faces several risks as the precious metal is rapidly rising and reaching record highs. Profit-taking pressure may increase as a result. According to technical indicators, gold is currently overbought. This could mean a potential reversal to a downward trend if profit-taking activities intensify.
OANDA:XAUUSDShort
by RKarina