Brent oil prices managed to bounce off the crucial SMAs and 61.8% Fibonacci retracement of the late February to early March rally, despite posting meager weekly gains. Firmer RSI and the higher-low formation since April also keep the black gold on the bull’s radar. However, the upside bias needs validation from a two-month-old horizontal hurdle surrounding...
JK Paper showing strength can give a breakout as well. It's been outperforming the index for long and demonstrating strength in these weak market conditions. Once it goes above its resistance and sustains there, it can towards its all-time highs.
SYMBOL: NSE:BANKNIFTY Banknifty is at a crucial point in the weekly time frame, it has closed below the support zone after hovering over that for almost 1 Year. Selling can be accelerated after a retest is done. Still, if the price closes above 34500 somehow it can be a temporary relief and after some time. Bears can again try to push BNF down because this year...
As far as sunpharma is above its weekly trend line, it is demonstrating the strength and can go towards its all-time highs. One can get into this trade, keeping a stop loss below the trend line. Do follow risk management rules and maintain proper position size.
Nifty momentum as per curved trend line and time zone.
What I observed that whenever Nifty goes 2000 points below from recent high it enter into over sold zone and reversal signs start showing up and reversal do happen after that. After reversal Nifty again move around 2000 points upward before becoming over bought and then cycle continues. Therefore basis this assumption and while taking average of previous two up...
GBPUSD braces for further upside until staying beyond the 100-SMA and a three-week-old horizontal resistance, now support 1.2400. That said, the 38.2% Fibonacci retracement (Fibo.) of the pair’s downside from late April to the recent lows, around 1.2515, appears short-term target for the bulls. Following that, the 1.2600 threshold and the monthly peak surrounding...
Short XAUUSD | Gold | Technical Analysis day frame RSI of Gold is below 60, and in 4 hrs time frame RSI is near 40 , so Day frame RSI will try to pull back the 4 hrs RSI as per non conventional RSI strategy, GO for short guys Dont forget to add stoploss Happy trading days #XAUUSD #Short #Gold #shortXAUUSD #Technicalanalysis #Forex #forexmarket #Profit #...
Short XAUUSD | Gold | Technical Analysis day frame RSI of Gold is below 60, and in 4 hrs time frame RSI is near 40, so Day frame RSI will try to pull back the 4 hrs RSI as per non conventional RSI strategy, GO for short guys Dont forget to add stoploss Happy trading days #XAUUSD #Short #Gold #shortXAUUSD #Technicalanalysis #Forex #forexmarket #Profit #...
Curved trend lines and support resistance lines for early analysis
After a huge Gap down, we have seen some buying happening and the market is moving slowly and steadily towards the upside, so what should be our trade plan for the day? Since today is Thursday and chances of Premium decay as well as volatile delta moves is very high, so we should wait for some time for the market to show us the right direction Be active on this...
NSE:APOLLOTYRE Apollo tyres swing trade entry close above 206 happy trading and keep learning !
Currently 31800$ and 27600$ are the heavy resistance and support respectively and market has also not much volume seems that whales are accumulating so I’m personally expecting a sideways movement in daily timeframe and this fractal is also indicating a sideways movement till august. Usually fractal are not correct and may this time also btc dont follow this...
Here marker is downword trending and current market price is very close to the trend line, so it is highly probable that market will also fall
NSE:BANKNIFTY bankNifty analysis important levels are marked on the chart. please always trade with stop loss to avoid big drawdown. Happy trading & keep learning
It reached the strong support zone in weekly chart. A bounce back is anticipated. If the support zone is broken, we can expect a great fall.
is it going agene up ! fmcg sector focus in upcoming days 550 is very important level for AWL
itc trading in channel watch for breakout or breakdown add to watch list