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NIFTY SENTIMENT for SEP 19 2022 NIFTY SENTIMENT drive.google.com This chart gives the sentiment based on Astro AI based on past pattern and tentatively gives the movement of price movement direction for the given time scale. If you find this useful give me a like Use this along with weekly levels and Trend change value as per related idea Buy Above 17600. 40 Buy Targets 17666.73 17732.70 17786.01 17839.33 17915.24 17961.32 18118.56 18291.15 Sell Below 17519.80 Sell Targets 17453.47 17387.50 17334.19 17280.87 17204.96 17158.88 17001.64 16829.05
NSE:NIFTY
by AstroAnalytica
NZDUSD hovers above 0.5890 key support as the Fed week beginsNZDUSD dropped to the lowest level since May 2020 before bouncing off 0.5940 on Friday. The recovery, however, remains unattractive as the Kiwi pair stays inside a six-week-old bearish channel. Even so, the oversold RSI conditions may allow short-term buyers to aim for 0.6100-10 resistance confluence, including the 21-DMA and the stated channel’s upper line. It’s worth noting that multiple lows marked during late July and early August could act as extra upside filters around 0.6220, a break of which could quickly propel the prices towards the previous monthly top near 0.6470. Alternatively, a convergence of the aforementioned channel’s bottom and a downward sloping support line from May 12 constitute the 0.5890 level as a crucial downside support for the NZDUSD bears to watch during the pair’s further declines. Also acting as an extra check for sellers is the 61.8% Fibonacci Extension (FE) of the pair’s April-August moves, near 0.5870. If at all the Kiwi pair breaks the 0.5870 support, the odds of its south-run towards the 78.6% FE level surrounding the 0.5700 threshold can’t be ruled out. Overall, NZDUSD remains in a bearish trend ahead of the key FOMC meeting, as well as today’s speech from RBNZ Governor Adrian Orr.
by MTradingGlobal
EURUSD bulls struggle to retake control ahead of US inflationOn Monday, EURUSD rose past 200-SMA for the first time in a month and formed a bullish channel. However, the following pullback from 1.0197 flirts with the stated channel’s lower line near 1.0130. Following that, the 1.0100 threshold comprising the 200-SMA, could test the pair bears ahead of the key US Consumer Price Index (CPI) data for August. Hence, a recovery towards 1.0200 can’t be ruled out. However, the aforementioned channel’s top and the 78.6% Fibonacci retracement of August-September downside, respectively around 1.0225 and 1.0265, could challenge the pair’s further advances, if not, then a run-up towards the previous monthly peak surrounding 1.0370 could appear on the chart. Meanwhile, a downside break of the 1.0100 key SMA level could quickly drag EURUSD prices towards the 38.2% Fibonacci retracement level of the stated moves, close to 1.0055. Following that, the 1.0000 parity level and the 0.9910 may entertain the bears before redirecting them to the yearly low marked in the last week around 0.9860. Overall, EURUSD regains its place on the buyer’s radar but the uptrend remains doubtful as strong US inflation may recall the US dollar bulls.
by MTradingGlobal
Alkem for swing trade (Read description properly)Alkem swing trade:- 1.As you can see rounding bottom has formed and it is about to give trendline breakout (wait for proper breakout) but on 09 sep you will notice selling came from upper level and it is little streched if you see past days back to back green candles. 2.So plan to buy either on pullback or retracement from 3265 or if it gives bounce from trendline after retesting it. 3.Keep your 1st target-3600 then between 3680 -3700. Hope you liked this. And do give me suggestion or feedback if u liked this or not. #keep it simple. disclaimer: this is not buying selling recommendation its only for educational purpose.
NSE:ALKEMLong
by WealthHarborSignals
Fortnight-old bearish channel keeps gold sellers hopefulGold extends pullback from 50-SMA and the upper line of the 12-day-long descending trend channel as sellers flirt with the $1,695. That said, the downward sloping RSI, not oversold, adds strength to the bearish bias targeting the latest swing low, around $1,688. However, the yearly low, marked in July at around $1,680, will precede the stated channel’s bottom, close to $1,670, to challenge the sellers afterward. Meanwhile, recovery remains elusive until the gold price remains below the $1,723-25 resistance confluence including the 50-SMA and the channel’s top. Following that, the 61.8% Fibonacci retracement of July-August upside, near $1,730, could probe the XAUUSD bulls before giving them control. In that case, the tops marked during August 25 and 10, respectively near $1,765 and $1,807, will be the focus. Also acting as the upside barrier is the $1,800 threshold.
OANDA:XAUUSD
by MTradingGlobal
Will a correction happen in ITC at least now ?ITC broke the trend line with high volumes. *It has been in uptrend without a proper correction for uite a long time. For Intraday can short ITC @cmp:327 - 328 with a Stop loss of 332. If the trade goes in our way Targets will be *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. For Swing can short ITC @cmp:327 - 328 with a Stop loss of 335 (Fib extension resistance area).
NSE:ITCShort
by Mo-Kri
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