This video is to show you how..no no..WHEN to use your price action to enter and a little brief into using an indicator to allow yourself have an edge to enter at the right point.
In this Nifty analysis, from the monthly (biggest timeline I use) we could see the trend line since 2008! These zones have not only been respected by the buyers and sellers...
Personally, I feel Banknifty is in a downtrend as the US just released their unemployment data, which has increased compared to the previous year
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Hello traders, hope you are having a pipfull week.
So here is our analysis on USDCAD.
As we can see that the pair is moving in the channel and consolidating
fo a period of time now, so its good to wait for the pair to break from the
channel. Its currently at the support zone and will fall a bit till the support of the
it will be interesting...
So here is an analysis of GBPUSD
As we can see that in 4h its on sell trend but
there would be a small buy that might come.
As you can see that at level 1.3000 it hit the trendline resistence
and started falling.but after hitting the support line on 1.27955 it went a bit high,
so considering this it wil go a bit up and then continue falling again...
BPCL has broken the weekly trendline (white colored line) and also retested it on last friday.
BPCL has yet to break the green trendline , which would confirm the bullish flag pattern and shift BPCL's momentum towards bullish .
BPCL has used the orange line, which was previously a resistance, as a support and is ready to bounce up.
Target 500 with SL at 460
TataSteel might be a good candidate for short position on Swing basis.
It has been moving within a channel for a while, and as you can see it has been following a uptrend in the channel and after reaching the top of the channel it broke the trend line TODAY.
I think you can expect a 8-9 % target form the current market price.