Trend Line Break
Gold prediction for the new weekGold (XAU/USD) is marking an unimpressive start to the week trading around $1,890, after having fallen for the past four weeks in a row. With that said, Gold prices are filling the gap at their lowest levels since March while struggling to gain traction amid the market's cautious mood ahead of this week's top data/events. However, a stronger US Dollar will put downward pressure on XAU/USD even if technical analysis signals a corrective rally.
The US Dollar Index (DXY) has been rising for the past five weeks in a row and is affecting the Gold Price.
Gold is recovering slightlyGold prices edged up slightly higher and attempted to continue their gains on Tuesday. XAU/USD hovers around $1,900/troy ounce during the Asian session on Wednesday, having found signs of recovery after 4 consecutive weeks of default losses despite a firmer US Dollar (USD).
However, growing risk aversion and concerns about the Chinese economy are weighing on Gold prices. These factors can impact the total action value.
The US Dollar Index (DXY), which measures the greenback's performance, therefore, for the six major currencies, picked up resilience on Tuesday and ended the day with gains. At the time of writing, DXY is hovering around the 103.50 level. Falling US Treasury yields and falling US home sales could put the greenback under pressure.
BREAKOUT, PARAG FOODS, 112% RETURNS!!!BUY - PARAGE MILK FOODS
CMP - Rs. 133
Target - 1: Rs. 182
Target - 2: Rs. 244
Target - 3: Rs. 283
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Timeframe - Target - 1: 4-6 months, Target - 2: 9-13 months, Target - 3: 14-18 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Nifty 50 ( For minimum 100-200 Points Target )Nifty 50. (Only for Experienced traders" )
Enter after " Breakout and Retracement ".
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For " long "
entry: 19420
target: 19505 - 19545
stoploss: 19380
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For " Short"
entry: 19375
target: 19300, 19250
stoploss: 19420
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Enter only if market Breaks
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
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Don't make complicated trade set-up.📈📉
Keep it " Simple, Focus on Consistency "💹.
Refer our old ideas for accuracy rate🧑💻.
Valuable comments are welcomed-✌️
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[i ]Disclaimer:
Our Trading style is not to capture "10-20" points per trade.📊
We take entry only for minimum "100-250" points without any distractions.💹
So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈
So, please consider others ideas.
This is for educational purposes.🧑💻
FILATEX Daily looking bullishFILATEX Daily looking bullish. It has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle.
Good to buy at 44.70 for target of 65 with sl below 40
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
JUBILANT INGREVIA daily looking bullishJUBILANT INGREVIA daily looking bullish. It has trendline breakout with 200 ema support on daily candle.
Good to buy at 487 for target of 593 with sl below 443
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
GEOJITFSL Daily looking bullishGEOJITFSL Daily has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle. Good to buy at 51.60 for target of 64 with sl below 46.55
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
BREAKOUT, ALOK INDS, 196% RETURNS!!!BUY - ALOK INDUSTRIES LTD
CMP - Rs. 17
Target - 1: Rs. 28
Target - 2: Rs. 38
Target - 3: Rs. 50
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Timeframe - 4 months - 1.5 years
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Technicals - Bullish Pennant Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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XAUUSD : Waiting for recoveryGold prices (XAU/USD) fell to fresh five-month lows before stabilizing around $1,890 as market participants looked for more clues to extending the previous downturn, supported by recent downturns. hawkish Federal Reserve (Fed) concerns and risk aversion. That said, fears of a recession in China and weaker growth numbers in advanced economies coupled with firmer US data to boost US Treasury yields. and the US Dollar, which in turn affects XAU/USD.
Moving on, the absence of key data/events could allow Gold Price to consolidate recent losses to multi-day lows. However, a wave of risk aversion and more stable yields could keep the US Dollar afloat, thus boosting XAU/USD recovery unless witnessing any strong positive data/news Which force can affect the Greenback and improve the mood.
BREAKOUT, KHADIM INDIA, 120% RETURNS!!!BUY - KHADIM INDIA LTD
CMP - Rs. 277
Target - 1: Rs. 356
Target - 2: Rs. 451
Target - 3: Rs. 603
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Timeframe - 6 months - 1.5 years
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Technicals - Resistance Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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