Get started

Trend-analysis

Continuation with yesterdays view on GOldAs quoted yester day about 41 $ downward movement, today we can see that its already 28$ low from gold 2 days previous high. Gold will have to take a break of atleast 40 % retracement downward from its recent high in order to take new high. FED interest is already booming the gold up, but to boom up streams gold as to accumulate buyers from fair value price. gold will not take new height from higher high its against theory of basic demand and attainable supply. Gold prices will impact many world wide indices as gold is relatively inversely co related to sensitive indices.
PEPPERSTONE:XAUUSDLong
by XAUUSDANALYST
Banknifty After Market analysisThe Banknifty recently completed a consolidation phase, forming what appears to be a bullish pennant pattern on the price chart. However, it's important to note that the presence of this pattern alone doesn't guarantee an upward price movement. It is crucial to consider that the market may experience a price correction around the 44730-44750 range, which is a strong resistance zone. To confirm a potential upward movement, we should watch for a scenario where the price breaks through this resistance level and then retests the 44750 mark. If this happens, it could be an indicator of an impending upward trend. Conversely, if the market opens with a gap down, it could invalidate this pattern, and the day's low point would likely become a new resistance level for the Banknifty. It's essential to keep in mind that these are personal observations, and the actual outcome will depend on various factors, including global market conditions and overall index performance.
NSE:BANKNIFTYLong
by Anand_7
USDJPY Downtrend AnalysisTrade Analysis : Swing USDJPY Downtrend Trendline analysis on USDJPY Trend Identification: Swing Downtrend USDJPY. Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bullish pullback with market structure. Targets: T1 = 143.375, T2 - 143.00. Check for Entry and Stop-loss. Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements. Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows. Conclusion: Based on the chart analysis of , USDJPY is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading! (Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
Short
by JagadishSinghR
Nifty - 25 May 2023I expect NSE:NIFTY to open Flat . It might retest today's last swing and fall upto Target 1 - 18225 Target 2 - 18160 I 'm expecting a reversal back up from T2. as it might retest 'W' pattern which I strongly believe in. - If market is opening Gap down near T1/T2, Reversal trade can be planned till our entry zone. - My levels and views change depending on market opening...!!! Trade or invest according to your analysis. This is just my view. <----- 3MRT Trading ----->
NSE:NIFTYShort
by Harish-P
NIFTY --TREND ANALYSIS -JAN 2023 NIFTY --DAILY CHART SETUP --TREND ANALYSIS --11 JAN -- 31 JAN 2023 1. AS seen on daily chart nifty was trading at upper channel and hit all time high 18900 sub level on Dec 2022 2. Since then nifty seen fall around 1000 point from overbought level and breakdown of upper channel seen at 18250 sub level . 3. nifty trading current level around 17900 sub level today and 17800 level double bottom formation seen. 4. 17750-17800 will be strong support now. if this support hold few days then nifty will hit target 18300-18400 upside 5.. if 17750-17800 level breaks then nifty will be hit downside target 17400-17500. 6. for upside confirmation nifty should close above 18000 level on daily candle formation above 44, 100 HMA . THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk, HAPPY TRADING !! HAPPY NEW YEAR. !!
NSE:NIFTY
by champtrade111