GOLD 9/8 : What will happen to the gold CPI news?Gold prices attracted some buying power during the Asian session on Wednesday and partially recovered the previous day's losses to the $1,923-$1,922 region, or four-week lows. XAU/USD is now trading just below $1,930, up nearly 0.20% on the day, though any meaningful upside still seems elusive.
A generally softer tone around the equity markets, coupled with a modest drop in the US Dollar (USD), turned out to be the main support factor for Gold prices. Weaker China trade data released on Tuesday raised concerns about a worsening outlook for the world's second-largest economy. In addition, Moody's downgraded the debt ratings of a number of US banks and reduced investor demand for riskier assets. Anti-risk money flows tend to favor safe-haven precious metals.
Trend Line Break
XAUUSD 8/9 : Today's CPI ForecastXAU/USD fell sharply early in the US session, hitting a fresh 4-week low of $1,922.74 per troy ounce, as demand for the US Dollar increased following comments from Reserve officials. Federal. unified report on the Consumer Price Index (CPI) of the United States (USA) July.
Philadelphia Federal Reserve Bank President Patrick Harker said they are getting back to more normalcy and while looking at the possibility of a soft landing, he added that supply chain problems are recovering. Furthermore, he said the Fed can be "patient" and keep rates steady, though he made clear September's decision will depend on upcoming data.
XAUUSD 10/8 : CPI is approachingGold (XAU/USD) prices fell to a one-month low as they fell to $1,914 in the early hours of the Asian session on Thursday. With that said, the precious metal doesn't welcome any positive news from China, or a drop in the US Dollar ahead of US inflation data. The reasons could be related to market concerns about the health of the banking industry and the global economy.
If the US inflation data turns upbeat, Gold Price could soon breach the key support level and slide below the $1,900 support while the upbeat outcome could trigger a corrective rally. correction has been long awaited.
NECLIFE Daily looking bullishNECLIFE Daily has trendline breakout, 200 ema support on daily candle. It has broken the zone.
Good to buy at 27.70 for target of 39 with sl below 22.90
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BREAKOUT, EQUITAS SMALL FIN BNK, 56% RETURNS!!!BUY - EQUITAS SMALL FIN BANK LTD
CMP - Rs. 98
Target - 1: Rs. 127
Target - 2: Rs. 154
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Here's the link to the previous chart -
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Timeframe - 3-6 months
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Technicals - Ascending Channel Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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BREAKOUT, GATI LTD, 63% RETURNS!!!BUY - GATI LTD
CMP - Rs. 149
Target - 1: Rs. 202
Target - 2: Rs. 245
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Timeframe - 6-9 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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ONMOBILE Daily looking bullishONMOBILE Daily looking bullish. It has trendline breakout with 200 ema support on daily candle.
Good to buy at 97.90 for target of 138 with sl below 72.30
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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.
ZEE MEDIA Daily looking bullishZEE MEDIA Daily looking bullish, it has trendline breakout with 200 ema support on daily candle.
Looks like inverted head n shoulder breakout. Good to buy at 12 with sl of 10.50 for target of 17
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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.
IDFC LTD - 70% RETURNS!!!BUY - IDFC LTD
CMP - Rs. 100
Target - 1: Rs. 120
Target - 2: Rs. 145
Target - 3: Rs. 170
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Technicals - Resistance BO
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NOTE: 1) Tentative period for Target - 1 is 3-4 months.
2) Tentative Period for Target 2&3 is 1-2 years.
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D-LINK INDIA about to Breakout @283.00 as "W" Pattern showingD-LINK INDIA about to Breakout @283.00 as "W" Pattern and "Symmetrical Triangle" pattern showing. If it will sustain above @283.00 on Daily Candle basis then go for LONG trade on Short Term perspective.
::Data Point::
Potential Breakout Level @283.00
1st Target Point @336.00 (Approx 20%)
Stop Loss Point @248.00 (Approx 12%)
NOTE- Only for Education Purpose.
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JUBLFOODS daily looking bullishJUBLFOODS Daily has breakout of long term trendline with 200 ema support on daily candle, friday candle is very good bullish candle.
Good to buy at 523 for targets of 653,807,916 with sl below 485
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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.
Significant breakout in JTL IND.Happy Friendship day to all my fellow Traders!
-> As already Explained from chart JTL INDUSTRIES has given a remarkable symmetrical tringle breakout.
-> Since 8 months It was in consolidation phase forming a beautiful tringle pattern.
-> After successful breakout it has retraced back to its breakout point multiple times and started accumulating, Then again in a last trading day it made a fairly big green engulfing candle which covered its all previous candles. That made this pattern more efficient and more convincing.
->In the latest quarterly earnings report, the stock did really well. Please have a look at its 10 years financial data.
Pros.
*PE- 32
*ROCE- 37.6 %
*Reduced debt.
*Profit grew 62.5% annually for 5 years.
*Strong 34.5% ROE over 3 years.
*Improved debtor days from 49.5 to 32.9.
*Consistent 22.6% median sales growth over 10 years.
Cons.
*Over the last 3 years Promotor holding has reduced by 15.7%.
*Company still falls under small caps that makes it a bit volatile. (But overall its growth looks promising in a long run.)
->Now this stock is ready to be traded/Invested, one can put stoploss of 370 and go further depending upon the patience level. But anyone who is convinced in its long turn growth then they can invest more when it gives a pull back.
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