Analysis of GBPUSDHello Traders,
So here is an analysis of GBPUSD
As we can see that in 4h its on sell trend but
there would be a small buy that might come.
As you can see that at level 1.3000 it hit the trendline resistence
and started falling.but after hitting the support line on 1.27955 it went a bit high,
so considering this it wil go a bit up and then continue falling again as its a sell trend.
Trend
Long on BPCLBPCL has broken the weekly trendline (white colored line) and also retested it on last friday.
BPCL has yet to break the green trendline , which would confirm the bullish flag pattern and shift BPCL's momentum towards bullish .
BPCL has used the orange line, which was previously a resistance, as a support and is ready to bounce up.
Target 500 with SL at 460
TATASTEEL Trend reversal within a downward channel.TataSteel might be a good candidate for short position on Swing basis.
It has been moving within a channel for a while, and as you can see it has been following a uptrend in the channel and after reaching the top of the channel it broke the trend line TODAY.
I think you can expect a 8-9 % target form the current market price.
Possibility of Crude moving further down to 57.5 Levels TVC:USOIL
1) Possibility of short-term downtrend to continue.
2) Price closed below the bullish trend line on daily candle.
3) Possible breakdown of 57.42 level on fibonacci.
4) Stochastic cross over with bearish direction.
Setup:
Entry = 60.35
SL= 61.55
TP1= 58.90
TP2= 57.5
Expecting for upmove to continueWe had losses on our intra day shorts but as soon as range was broken on upside we were able to long both index, there is still more up move we are expecting so we are planning to continue looking for bullish moves to capitalize till we get back into dried out volatility situation.
Like discussed there was some stimulating news from government for banks "Govt approves strategic stake sales in 28 PSUs: Minister" thats why indexed moved up from that weakened state. Its funny how these things are timed, this is why usually retailers usually lose. :;)
TATASTEEL movement on chart Trend analysis is a way of prediction however strategies are well proven and tested way of reacting to market. There are some people who predict the market with better accuracy and there are some people who are involved in re-acting the market. It takes practice, risk management and confidence to make a trade in your favor.
Disinvestment / Rocket Sell MARICOFollow Chart Instruction.
if Wants to take Entry then wait for it.
Can Ask in Comment for Proper Entry when it reaches my level.
Short term trader wait and then took entry.
If HH broken then wait for my Short Entry chart.
if trendline broken then follow chart instruction or ask me.
HDFC price ction and channel trade set uphdfc ltd respected channel again and may hold for a while but overall looks very weak thus for trading stop loss long side will be yesterday low while for short opportunity wait and pull trigger