Analysis of Gold has been given in the chart,
What we need to understand over here is small/minute details
which plays a very important role.
There is this plain thinking or myth or possibility that I've heard
is that When Gold price shoots up equity market goes down.
I am observing this for quite a long now,
so sometimes it works and sometimes it doesn't but...
As predicted in early post Nifty remains in Complex Correction i.e Triangle , Good news is Big Move around the corner.
Technically on the daily charts major Nifty Spot Trend line support comes @ 16900 whereas minor resistance on the upside is capped around 17466 level.
Closing above 17466 on upside we are heading towards 18300 .
Closing Below ...
BSE was consolidating for two months now came out of traingle pattern and then made new parallel channal and also coming out of this channal
above it we can see all time level will be tested but for two days it has been able to sustain at that level .
we can expect a bigger move once it breaks that chanal and alltime high level , but we can enter at...
It is taking support at previous Support Zone, forming MORNING STAR Pattern and also retested the Traingle B/o, we may see a bullish movement in coming days.
CMP - 59.40
Target - 62,64.25,69.50
Sl - 55.50
DISCLAIMER - EDUCATIONAL PURPOSE ONLY
We can clearly see long channal pattern .
Chart is very clear adn self explanatory .
entry can be made now .
we can expect that chanal to continue again .
happy trading .
please do your own reseach before takigany trade .
SAIL is in up move :
• Triangle pattern break out yesterday and today got confirmed
• Volumes are high
• Price above 13/20/50/200 EMA
• Price above VWAP
• Increased open interest, high deliveries
What can happen next :
Scenario 1 : Price sustaining above 123 levels can take it to 133/141/151 levels
Scenario 2 : Price break down below 123 can...
long opportunity in Grasim .
after breakout in weekly timeframe it conslidated for months , now it is at the retest levels and can go up from this point .
not any recommendation
just for educational purpose
ONGC swing trading opportunity
we can go long due to following reasons .
monthy breakout done
weekly breakout done
retest done at weekly level
coming out of daily timeframe and about to give breakout
we can go long with small SL and bigger targets .
CDSL, I wait for this breakout from 2 month, Now its broke the main Resistance level 1440, now from this chart pattern, First simple target was 1565 and 2 nd target 1735 Rs in near 1 to 3 month. From hear upside nearly 20 %