Trend
India VIXAs expected it has declined to 50 from its highs. It has very strong support between 47-50. Sustaining below these levels could take it all the way back to 30-20, which in turn would be good for equities as a falling vix gets stability which leads to a calm recovery in terms of both PRICE & TIME, so what is being perceived a quick bear rally could turn out to be a much more stable bounce back attempt. On the other hand, a reversal from here sees resistance near 65 and then a major one at 75. Anything above that would lead to mayhem once again.
AXIS BANK TREND ANALYSIS.AXIS BANK BASED ON 30 MINUTE TIME FRAME TRADE TAKEN. IN 4HR TIME FRAME TREND CONVERT TO UP TREND. THEN BASED ON 30 MIN TIME FRAME TRADE TAKEN BASED ON FIB EXTENSION. TECHNICALLY EVERY THING STRONG
Trade setup for SBINSBIN looks good for intraday
Comment if you have any doubt regarding my setup
Stay Safe!
USDJPY AnalysisA good position to go long due to intersection of a daily key level and two 4 hourly trendline. FX:USDJPY
Banknifty Technicals March expiryDownside limited max. upto 26616 level. For daytraders it's time to start selling PUTS on every little dip.
Be Happy Be Rich !
Analysis of USDCADHello traders, hope you are having a pipfull week.
So here is our analysis on USDCAD.
As we can see that the pair is moving in the channel and consolidating
fo a period of time now, so its good to wait for the pair to break from the
channel. Its currently at the support zone and will fall a bit till the support of the
current channel.
it will be interesting to see if it breaks the support or no.
So we advice for you to wait for the next update.
Thank you.
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.
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.
Crude oil - Trend analysis By Dhanushkumar.MHi... Friends I'm Dhanushkumar
Now crude oil started to buy Our target is 58.80 and 2nd target is 59.65.
This is my view.
Thank you all.
BANK NIFTY RANGING. REJECTION NEAR ALL TIME HIGHSPRICE STRUGGLING TO BREAK 2019 HIGH AND ALL TIME HIGH
PRICE WILL RANGE A BIT
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
Yes Bank: At important support levelsYes Bank
CMP 65.45
The stock can be looked at CMP & / or especially on dips towards 58-60 levels.
Target and Stop loss levels are mentioned in the chart...
Take care & safe trading...!!!
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. :;)
Nifty Bounce Back from Support LevelNSE:NIFTY Immediate support zone@ 11110-11140
Immediate resistance zone @ 11700-11720
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Hindalco flagpole formationYesterday i published chart on hindalco. Today i saw this flagpole formation. Likelihood of breaking out anytime this week or next, proably more. Long term investors may take notice.
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.
