SUZLON --WEEKLY CHART --TREND ANALYSIS 1. stock trading at upper channel consistently on weekly chart 2. current channel support seen at 8-9 level and resistance seen 12-15 level 3. currently stock at uptrend as Weekly RSI above 60 and above WMA 4. stock trading above 44,100,200 HMA 5. one can initiate BUY near channel support if any correction 8.50-9...
BPCL : As per the analysis drawn, it seems that the short is triggered and that the bullish strength should now start to wane. This should lead to a move towards the sell side, which will eventually come into play. The short-term trend seems to be in favour of the bears and a sell around 340-342 with a stop loss near 347 looks like a good idea for a potential...
EURUSD is likely to end the two-week-old winning streak as traders brace for key consumer-centric data from the US. However, an ascending trend channel from November 15 portrays the short-term bullish bias of traders. That said, the monthly high surrounding 1.0600 and the stated channel’s top near 1.0620 limits the quote’s immediate advances. In a case where the...
As I said in title that “Be Careful with Nifty50”. 9th December can be hard for some trader. If you are new try to avoid trad for tomorrow. As you can see in picture Point A was our first clue of trend. After touched Point A nifty made New Low @ 18577.90. Same situation in Point B, After Touched Point B it made new low @ 18564.5. Now, Point C is little bit...
NSE:NIFTY Analysis Closing After 8th Dec 2022, CHART PATTERN (Bullish) Wedge Pattern Formed and Successfully Breakout with High Volume Candle. 1st Target would be Top of the wedge Pattern Wave Counts (Bullish) 2nd Target would be 78& of Correction Wave A If break 78% hurdle, then 5th Wave of Higher cycle is remaining.
Gold buyers appear running out of steam, despite grinding around $1,770 of late. That said, the metal portrays a one-month-old rising wedge bearish chart pattern, recently poking the support line of the formation surrounding $1,773. However, the 100-SMA acts as an extra filter towards the south near $1,763 before directing the metal bears toward the theoretical...
A clear upside break of the 50-DMA and a descending trend line from October’s peak keeps USDCAD bulls hopeful ahead of the Bank of Canada’s (BOC) interest rate hike announcement. That said, the Loonie pair’s upside towards the previous monthly top surrounding 1.3800 appears imminent. However, multiple hurdles near 1.3850 could challenge the quote’s additional...
Buy above 104 with volumes and ride the trend till targets Volume support on right VCP pattern Positive RS
AUDUSD grinds near a three-month high as the RBA lifts benchmark interest rate by 0.25%, as expected. Given the RSI pullback from the overbought conditions, a monthly resistance line near 0.6740 restricts the quote’s immediate upside ahead of the key six-month-old descending trend line, near 0.6880 by the press time. Even so, the 200-DMA level around 0.6920...
in this stock price 5 time touch that trend line so now trend line is going to weak so we wait for proper breakout and if market open big gap down then we can't take trade.
Post Market Analysis:- Where I have talked about Strong sectors and sectors which is getting Dumped Out. NSE:CNXINFRA NSE:CNXAUTO NSE:NIFTY NSE:TCS NSE:ULTRACEMCO NSE:GRASIM NSE:CNXIT NSE:CNXSMALLCAP
USDJPY is under immense pressure as it breaks the 200-DMA support, as well as marks the 3.5-month low. Even though the oversold RSI suggests a mild corrective bounce, the trend appears bearish after it broke an upward-sloping support line from late May. That said, the bears currently aim for the 78.6% Fibonacci retracement level of the pair’s May-October upside,...
in this stock price 6 time touch that trend line so now trend line is going to weak so we wait for proper breakout and if market open big gap down then we can't take trade.
Analysis Date - 03-12-2022 - NSE:BANKBARODA Bank of Baroda make fresh high after consolidation and presently retesting. There is a possibility of fresh breakout on upside. Price is also above POC of Volume Profile. Entry @ 173, SL @ 163, Target 1:2.
in this stock price 4 time touch that trend line so now trend line is going to weak so we wait for proper breakout and if market open big gap down then we can't take trade
As per the trend lines, Tata Steel is heading towards 120. Waiting for golden crossover. Volume is seen increasing too.
jindal steel going to give good buy at 394, wait to enter. targets and stoploss can be seen in chart can be seen in chart. (all analysis based on elliot wave theory)
NSE:CNXINFRA Forming a BULLISH SETUP One Can Take Position Either In The INFRA BEES or In Its Heavy WEIGHT STOCKS