nifty analysis for today, wait for levels to break, don't get trapped
Nifty March Analysis. Bearish Flag pattern. I hope march first touch the above Trendline and start falling soon.
Date 28th Feb 2024 MACD showing HL while Price A. Showing HH, This Indicates Sellers are Exhaust. but still can't make new Higher Low in Price Action, means buyers are in Command now.
Hello everyone, today USDJPY continues its recovery streak and is fluctuating around the 147.65 level after receiving some price-boosting momentum from yesterday evening when the USD rebounded and started to recover. The currency pair has formed a new support level around the 146.75 region. The Japanese Yen (JPY) has struggled to capitalize on modest gains during...
Hello, beloved friends! Let's together explore the heartbeat of the EURUSD market today! In this calm trading session on Wednesday, EURUSD remains at 1.086, reflecting the closing level from yesterday. The strength of the US dollar continues to challenge riskier assets, bolstering the US Dollar Index (DXY) and impacting the slight decline of EUR/USD. From a...
"The EUR/USD currency pair is currently poised for a period of consolidation, hinting at a potential bullish breakout on the horizon. Traders are closely monitoring the price action as it stabilizes, anticipating a surge towards higher levels. This consolidation phase often serves as a precursor to significant market movements, offering astute traders a prime...
"USD/CHF is exhibiting a notable upward trend, currently hovering near a strong support level. This presents a compelling buying opportunity for traders seeking to capitalize on the currency pair's bullish momentum. As the price consolidates around the support zone, there's potential for a significant upward movement. With careful analysis and strategic entry...
As we can see NIFTY followed exactly what we expected! It tried breaking it psychological level but failed to sustain below and showing a false breakout, it railed above. Based on the global scenarios, we may expect a strong opening hence if NIFTY manages to hold its strength then we may again see NIFTY rallying strong upside but can lead to sideways to negative...
stock looking good if close daily candle above 805 making higher low taken rejection on 800 level on time and 2nd time rejection on 800 level seller unable to push price at lower level make higher low again stock at the resistance level simple price action no indicator if you need to view on any stock comment stock name and buying price holding period NOTE: only...
EICHERMOT (1W TF) Swing Trade Analysis given on 3rd December, 2023 (Sunday) Pattern: ASCENDING TRIANGLE - Volume Spike Buildup Near Resistance - Done ✓ - Neckline Breakout - In Progress - Retracement + Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #eichermot
DEEPAKFERT retested breakout zone and near strong support zone . Fundamentals also good . Looking bullish for coming months. Disclaimer - views are personal and shared as educational purpose only and not any recommendations.
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 21-03-24 More Volitality Stop loss for holding shorts is 22325 (on closing basis) New Development : Because of FED interest news a upsurge in price is seen. Our markets will also react with it but closing above 22225 will give strength to make nifty go...
Enil monthly chart looking strong and bullish for big movement in coming months. Stock may also hit life time high. Disclaimer - personal view shared as educational purpose only not any recommendations.
As from the chart there may be some pull back possibe both nifty and bank nifty as long as 21807 holds. if unable to hold 21807 ,it can slip to 21717. Greater chance of pull back is there. It seems A wave is completed and bounce for B wave is possible. In any case 21807 should be stop loss. If this post helps you like this. follow me to get updates.
Potential AUDUSD Sell ahead of the FOMC meeting. Potential TP levels are +2.5R and +4.2R.
Welcome, dear friends, to our exploration of the tranquil waters of the gold market yesterday, where prices gently oscillated around Friday's closing figure of approximately $2159, in a serene anticipation of significant news expected to break on Thursday. Gold remains ensconced in its downward trend, encased within an unbroken parallel channel that signals the...
ICICI: One of the leading BNIFTY contributor is showing signs of a possible reversal. Positive 10DEMA Crossover in hrly chart indicates signs of trend reversal.If it manages to hold at 1090 expect a move towards 110+(For educational purpose only)
✨ Gold is surging, surpassing $2,200. Spot gold jumped $20 in a short period, exceeding $2,200 per ounce and currently trading at $2,202 per ounce, setting another record high. (H: $2,222.915/oz) ✨ Following this morning's Interest Rate news, Gold surged through 2060-65. The resistance zone has turned into a strong support level. ✨ The trading direction for the...