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Gold Prices ReboundHow are gold prices doing right now? Let's join Alisa for an update! Gold prices increased by $20, reaching $2,735 per ounce by the end of the trading session on October 24th. The main reason behind the gold price rebound last night and early this morning is the sharp decline of the U.S. dollar in the international payment basket. Specifically, the Dollar-Index fell by 0.22%, down to 104.200 points. Additionally, the upcoming U.S. Presidential election also contributed to the rise in gold prices. Looking at the technical chart, gold is currently supported firmly at $2,609, and prices are maintaining an upward momentum. Although the resistance level at $2,750 may cause some pressure, if prices adjust, the $2,670 level (previously resistance) will turn into new support. Given the current momentum, I predict that gold will break through $2,750 and aim for a target above $2,800. With such positive technical signals, I am optimistic that gold will continue its upward trend and reach higher price levels in the near future. What do you all think about gold prices today?
OANDA:XAUUSD
by Alisa_Rokosz
Gopal SnacksThe company offers a wide variety of savory products under its brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya; western snacks such as wafers, extruded snacks, and snack pellets; and fast-moving consumer goods including papad, spices, gram flour or besan, noodles, rusk, and soan papdi. Market Cap: ₹ 4,250 Cr. Promoter holding: 81.5 % FII holding: 2.20 % DII holding: 6.85 % Public holding: 9.46 % Looks good to buy, it's a bottom out.
NSE:GOPALLong
by isagar_chauhan_
6
Axis bank AnalysisAxis Bank is currently trading within a defined price channel, showing a clear pattern of highs and lows. The support level near ₹1130 presents a key buying opportunity for traders, as the price has consistently bounced back from this level. This creates an edge for traders who prefer entering near support, offering a favorable risk-to-reward ratio. In this case, you can capitalize on the potential upward movement with proper stop-loss placement just below the support and targeting the upper channel range. Monitoring the volume near this level can also confirm a strong price action rebound. Consider pairing this technical setup with any relevant fundamental factors to strengthen the trade's probability of success.
NSE:AXISBANKLong
by ali000351
2
Silver Futures: Navigating the Bullish Breakout The Silver Futures chart presents a compelling picture, but as we know, navigating the market demands more than just technical analysis. Let's break down what we see: Bullish Signals: The decisive breakout above the VWAP, coupled with the series of green Heikin Ashi candles, paints a bullish picture. The recent breach of the Base Camp level further strengthens this positive outlook. VWAP as a Guide: The VWAP is now acting as dynamic support, offering potential buying opportunities on dips. However, remember that even in a bullish scenario, the market can be unpredictable. Beyond the Chart: While technicals are promising, external factors can sway silver prices. Keep an eye on global economic indicators, geopolitical tensions, and any news that might impact precious metals. Applying the Wisdom: Don't Get Complacent: Even with a bullish setup, risk management is paramount. Set stop-losses to protect your capital in case of unexpected reversals. Stay Informed: Technical analysis is valuable, but it's only one piece of the puzzle. Stay updated on fundamental factors that can influence silver's price trajectory. Avoid Blind Faith in Tips: This bullish setup might attract stock tips, but remember, no one can predict the market with certainty. Do your own research and make informed decisions. In Conclusion: The Silver Futures chart is signaling a potential bullish trend. However, successful trading involves more than just following signals. Combine technical analysis with a keen understanding of market dynamics, risk management, and a healthy dose of skepticism towards "hot tips." This approach will increase your chances of navigating the market successfully, even when faced with its inherent unpredictability. Disclaimer: This is an analysis, not financial advice. Trading involves risk; conduct your own research and consider your risk tolerance before making any investment decisions
MCX:SILVER1!Long
by Profitabletradingindia
2
Expleo SolutionsTechnical Analysis of Expleo Solutions: Expleo Solutions' price has been range-bound for over two years, specifically 847 days. The peak it reached between May 2023 and August 2023 is considered an outlier, as the stock has since reverted to its prior trading range. Despite this, the stock has experienced a notable 55% increase in trading volume, from 6.2 million shares to 9.6 million over the last 470 days. This increase is significant when compared to the previous 470-day period. The MACD also suggests a decline in seller interest, indicating potential shifts in momentum that could lead to a more positive outlook. Two key support and resistance levels have been identified, which will be pivotal in determining future price movements. Potential Risk: The primary risk to the stock's upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the Index and geopolitical tensions. Disclaimer: This analysis is intended for educational purposes and is not a purchase recommendation. It is important to learn how to recognize and understand patterns in stock movements.
NSE:EXPLEOSOL
by sandeepbalachandran
West Coast Paper for 100% riseWest Coast Paper Mills is currently India’s 3rd largest paper and paperboard manufacturing company which also owns (72.3% in) Andhra Paper, another listed paper manufacturer. West Coast has revenues of 4200 cr and market cap of 3900 cr. Its ownership in Andhra Paper itself is worth 1500 cr presently. So all of WCPML is available at a valuation of 2400 cr. Can it double from current levels (588)? The chart says it all. The stock is in the final stages of large wave IV that began in October ‘23. There is a possibility of one final move down towards 525-540 levels if there is one. Wave V can very well take it to 1000-1200 levels which can be worked out later after further moves. Can these levels be achieved in a year or less? First target of course is ATH of around 800.
NSE:WSTCSTPAPR
by DhandhaPaani
GHCL : Descending Triangle Pattern Breakout with huge volumesGHCL breaking out from a triangle pattern breakout in a weekly timeframe with a decent buying volumes. It can rise upto the initial triangle pattern target 🎯 of 900. 🔰 I've indicated two scenarios of the stock to reach its target 🎯. 🟢 Range : 620-630 🎯 Target : 700 / 800 / 900 🛑 Stop : below 500 (wcb) ⚠️ Disclaimer : it's not a buy/sell advice, it's only a view on the stock for the educational purposes.
NSE:GHCLLong
by Abhishekrao1