GBP/USD Going in Buy ZoneFX:GBPUSD
Hi Traders
Today we are going to discuss about GBP/USD, As we all know that gbp is falling for almost 5 months. It made a high of 1.42504 in june and since than it has been in downward Trend.
I also made the video of it at that time.
From the looks of chart there is too much consolidations. I am sure all off you must be waiting for an fast pull back after the fall of this.
As WXY Pattern suggest price should move in upword direction without braking the invalidation level of 33500. and should move towards 1.35100 Level.
Remember traders there is also other possiblities and but we choose to trade in best possiblity zone.
Good Luck
Thanks
Wave Forecast
Tradingsignals
ITC: A Bearish Trend"
TECHNICAL ANALYSIS OF NSE:ITC
The LAST CLOSE PRICE of NSE: ITC is 206.05. The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 204.95. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 210.15 with RESISTANCE 1 and RESISTANCE 2 at 201 and 197.25 respectively. The Key 50% FIBONACCI LEVEL stands at 210.15 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 42.9 and 55.46 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 0.61 and 8.82 at 0.44 along with HISTOGRAM showing values of 0.17, the STATUS is clearly SELL CROSSOVER NEARING IN.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 0.06 and 0.74 with UPTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.7222 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 18.11 which signifies its Price Level to be AVERAGE.
>>> RECOMMENDATION is : SELL."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Bharti Airtel is Giving a Good CallThis a Good BUY recommendation in Bharti Airtel Stock. It is showing a Triangular Pattern currently and the Stock is very real bullish and we can see a Flag Pattern also in the Chart. There is a Small risk pattern that the Stock has still not Touched the Trend line, so we need to wait for the stock to touch the Candle Stick till the Trend line and then it will show / give a strong Bullish Movementum.
CMP - 540-542 / TGT 1 - 572.50 / TGT 2 - 608.85 / SL - 520
IBULHSGFIN ( ASSCENDING TRIANGLE BREAKOUT)IBULHSGFIN
IBULHOUSING Positional View. Good to go long,
Triangle pattern BO
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
PRICE ACTION SETUP FOR GOLDOANDA:XAUUSD
Market is ranging between 1814.693 and 1803.140
There is a buying opportunity above 1815.181
And a selling opportunity below 1802.366
Wait unlit it breaks these levels or 30min candle closes above this levels.
Trick :
For impulse entry trade at London or NY Timing,
When 30min candle cross these levels switch to 1min or 5min time frame for best entry!
Trade at your own risk
POWERGRID - Pre market Analysis 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
Associated Alcohols & Breweries Ltd - Fundamentals & TechnicalsAssociated Alcohols & Breweries Ltd is in business of manufacturing and trading of ENA, Indian Made Indian Liquor (Country Liquor), Indian Made Foreign Liquor and Hand sanitizer. It operates through Potable Alcohol segment.
FUNDAMENTALS:
> It is a micro-cap company with a market cap of just Rs.822 Cr. Think like the company have just started crawling after coming out of mother’s lap.
> The ROCE is at 34% and ROE is at 26% which is very very impressive considering the size of the company. Positive.
> Stock P/E is at 14.2 which makes the valuation too attractive as compared to the sector P/E at 36.41. Positive.
> Higher than Industry Revenue Growth: Over the last 5 years, revenue has grown at a yearly rate of 11.69%, vs industry avg of 3.05%. Positive.
> Increasing Market Share: Over the last 5 years, market share increased from 1.29% to 2.12%. Positive.
> Lower than Industry Debt to Equity Ratio: Over the last 5 years, debt to equity ratio has been 24.6%, vs industry avg of 91.03%. Positive.
> Higher than Industry Current Ratio: Over the last 5 years, current ratio has been 147.51%, vs industry avg of 102.59%. Positive.
> It is almost a debt free company, reducing its borrowings continuously on year on year (YOY) basis, that's a very good sign from investment perspective.
> Very robust Topline and Bottomline.
> It is increasing its cash reserve on YOY basis, currently have huge cash reserve as compared to its borrowings.
> The company has maintained its Operating Profit Margin (OPM) at or above 18% since last 5 years, that's again a positive sign.
> The company expands its alcohol manufacturing capacity; the plant will have dual features of both ENA & ethanol manufacturing. The estimated cost is about 110 crores and expected to be complete by June 2022.
> Popular Brands: McDowell’s’, White Mischief, Director’s Special, Bagpiper, Black Dog, VAT 69, Black & White Scotch Whiskey, Smirnoff & Captain Morgan
TECHNICALS:
> Stock looking very strong on chart, it is making higher highs and higher lows continuously since March 2020.
> Trading above 100 DMA and about to break 200 DMA.
> It is clear from volume at the bottom that accumulation is going on in the company on regular intervals and bull run will continue for long.
Fresh Buy - At CMP i.e. 455.
Old Buy - HOLD
First Target – 773 (+70%)
Second Target – 1092 (+140%)
Risk Management Tip: Never invest more than 5% of your capital in any single stock.
Happy Investing!
Team ShareMktSchool
BNBUSDT NEXT MOVEMENTBNB recently respected its old support at 227 & get a nice bounce from there so if it goes in this same direction then the next targets will be:
1st>>>400
2nd>>>608
3rd>>>680 OR
If can't hold it upward move & fall below 227 support then we will see it's in a new DIP.
So, take advantage of both scenarios as per your strategy & capital.
HAPPY TRADING
ONGC - Good Pattern - Market structure - Target 150 ? 🔰 MY thought process :
⭐Ongc making higher lows and getting good buying zones inside the pattern itself too
⭐The stock is getting rejected from the same levels too = Aggressive Sellers
⭐The stock is getting good support too at marked areas = Aggressive buyers
⭐a small day trendline is created by me on the charts = its break can be our good entry
⭐Risk is the most imp part = candles low can be taken as a good sl small risk
⭐Pattern: Triangle
⭐ Targets: 150 as of historic data and 135 as of fibo ext :)
🔰Am I taking this trade now: I might :)
Trades I am in Naukri, Coal India, Nazara.
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
SUNPHARMA: PALGO SIGNALHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
Polkadot DOT Can Slip Below Its Daily Support LevelThe weekly technical chart of Polkadot highlights a positive trend built by the coin. We can see a sudden spike in price movements on Thursday's trading session. The price is currently sitting at $9.96, with the resistance zone placed at $10.11 with the following support zone of $9.85. The price is testing the support trajectory. One can see a bullish trend soon if the price reaches above its resistance zone.
Meanwhile, the Relative Strength Index (RSI) with a value of 49 indicates that the coin is performing downward and forms a descending parallel channel on the index.
The Moving Average Convergence Divergence (MACD) had a bearish crossover signal line on January 7, 2021, indicating a potential of negative retracement in the coin. The histogram also started to form red bars after the crossover.
The Schaff Trend Cycle (STC) indicator shows a selling signal for the coin with the value of 16, stipulating Polkadot can fall below its given support and soon be in an oversold region.
NIFTY - Turning UpHere's a 15m chart of NIFTY. Currently, it's moving upward. +DI is above -DI, and ADX is 27 means 27>25 that shows an uptrend.
If the trend moves upward by crossing the 13550 , then the first target will be 13600 , and then if consecutive candles break the control price upwards, the next target for uptrend will be 13760 . But if it does not break the level of 13550 . And moves the same, the target will be 13476 , and after that, if NIFTY breaks the support trendline, the target will be 13386.00 .