AGI on the RiseAGI has shown significant volatility in recent months, responding to broader market trends, investor sentiment, and various macroeconomic factors. As of the latest trading data, AGI is positioned to explore further upside potential while establishing key support levels that investors should monitor.
The long-term outlook for AGI appears predominantly bullish with a suggested price target of 1972 , underpinned by a strong support level at 888 . Investors, keep a close watch on significant price action around these levels.
Disclaimer: The information presented in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any securities. It is imperative for investors to conduct their own due diligence and research before making any investment choices.
Trend
Profit booking done, Gold again in buying zone\With start of new day of new month, XAUUSD is again in buying zone. The profit booking of the month is done completely.
The buyer on XAUUSD are again on zoom to extend the gains as there are more valid reason for gold to rise highter than settling lower.
Today, the gold price continues to trend upward, driven by several key factors. First, heightened geopolitical tensions and economic uncertainties are strengthening gold’s appeal as a safe-haven asset. Central banks worldwide, particularly in Asia and Europe, are also increasing gold reserves as they diversify away from the U.S. dollar amid "de-dollarization" trends. This demand from institutions and governments is a notable driver of the current rally.
Additionally, expectations around U.S. Federal Reserve policies contribute to the gold surge. Investors widely anticipate potential interest rate cuts in 2024, as the Fed shifts its stance in response to easing inflation and potential economic slowdowns. A lower interest rate environment generally supports higher gold prices, as it decreases the opportunity cost of holding gold compared to yield-bearing assets.
Gold Seems BullishGold is currently in consolidation range which seems to be 2668.00 to 2677.100 if it breaks the level of 2677.100 then we can see the levels of 2685 which was the last high and if it hovers there then it will break the resistance level , if price comes to support zone of 2668 to 2666 then we have to wait for the price action confirmation.
IS IT TIME FOR REVERSAL IN NHPCNHPC has been moving in a Parallel Channel from January. No green candle has closed above the upper trendline. There is also a Resistance Zone between 115-119.
After testing the above resistance zone the price has been continuously falling to touch the Bottom Trendline. Yesterday a green candle has been formed signalling a trend reversal.
A buy can be initiated above the candles high for a 1st Target of 116 and a 2nd target of 126 if it breaks the Resistance zone.
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.
CYIENT LTD READY FOR A BLAST!NSE:CYIENT
Cyient Ltd Analysis:
Current Market Price (CMP): 2005
The stock is forming a Darvas Box pattern, indicating a potential breakout. A move above 2056 could trigger further upside momentum.
Buy Range: 2000-2050
Upside Targets: 2189, 2200, 2400
Support Level: 1944
Watch for a breakout above 2056, with potential upside targets ahead. Support is at 1944 for downside protection.
Disclaimer: This analysis is for educational purposes only. Conduct your own research before trading.
TRIDENT GO LONG FOR 2-3 YearsStock Name: TRIDENT
Why to add in a portfolio:
Technically:
1. Stock in a triangle but hoping this will give breakout soon
2. Weekly Breakout above 44
3. Support White line
Fundamentally:
1. Revenue: Overall Revenue Rs 6808 cr in 2024.
2. Promotors have 73% Equity.
Once stock break 40-44 range then this will became bullish.
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
GOLD(H4): SETUP BUY AT 2410Hello Traders,
📈 XAU/USD chart review :
- H4 chart is sideway a range 24xx
- H1 is a normal uptrend
🎯In my trading opinion:
- I recommend that you can set a buy limit at 2410+/-2. You can see at yellow zone on chart
📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management.
Follow me to update lastest plan for any trades !
Thank you and Good luck!
GLOBUS SPIRITS!!!!Globus Spirits is currently in an downward trend, but this stock has the potential to rebound fast.
This stock should be bought @750 as it shows an level for support.
If it still falls then stock should be AVG @660 as there is an strong support for the stock.
TARGET 1: 850
TARGET 2: 895
TRAGET 3: 960
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please comment your views
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NOTE: ELECTION PERIOD MATTERS!!!
DLF Chart set up and my trading strategyDLF
We are looking at daily charts of DLF
- the stock looks like trading in down trend channel since Apr 2024
- the stock is trading below both 21 day and 63 day EMA
- 21 day EMA is below 63 day EMA
- channel resistance around 840
Chart structure is looking weak
- likely support zone around 200 day EMA which is currently around 769
Given the set up and my view, my trading strategy
Sell DLF 29 Aug 2024 850 Call option currently around 19.5
Review point if DLF sustains above 842 on closing basis
In built protection for a rise up to 869.5 till 29 August 2024 (giving ample scope to adjust / exit with less damage in case view is wrong)
Max profit potential (Rs 16087) on Margin (Rs 126800 approx) : 12.5% approximately till Aug 2024 expiry
The strategy covers known risk and provides some cushion above those levels to some extent and provides decent ROI potential.
Do not follow me blindly.
Understand the implication of the strategy and learn to manage your risk
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Double Bottom pattern breakout in BPCLBHARAT PETROLEUM CARPORATION LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Dobble Bottom Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 305+.
✅Can Go Long in this Stock by placing a stop loss below 298-.
Falling Wedge pattern breakout in BAJAJFINSBAJAJ FINSERV LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1631+.
✅Can Go Long in this Stock by placing a stop loss below 1591-.
Nifty on Radar, View for 24-JuneThe price has been following a divergence pattern between rsi and price.
Already the price has been rejected by the same levels. The breakdown of the level 23,334 could start a downtrend and could test the support level of 23,110.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Reversal Bullish Flag pattern in NAUKRIINFO EDGE LTD
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Reversal of Bullish Flag Pattern.
📈 It can give movement upto the Reversal Final target of Above 6365+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 7115+.
📈 Can Go Long in this stock by placing a stop loss Below 6040-.
Nifty on Radar - 6 JuneToday we have an indecisive candle, but the price has managed to close in the positive zone.
The price could test its supply Zone but on the downside we are at higher risk.
Technically we are in no trade zone.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
#NIFTY Intraday Support and Resistance Levels -13/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22080 level and then possible upside rally up to 22200 level in today's session. in case nifty trades below 22020 level then the downside target can go up to the 21900 level.