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Laxmi Organic IndusTechnical Analysis Overview : The stock price has been fluctuating within a range of 236 to 290, with a well-established support level at 220. Recently, there has been a notable 60% increase in weekly trading volume compared to previous weeks. Additionally, three key resistance levels /targets (R1, R2, and R3) have been identified. Positive Indicators : 1. Strong Buyer Momentum : The MACD on both the weekly and monthly charts indicates robust buyer support, suggesting positive momentum in the stock’s price movement. 2. Price Stability Relative to the 21 EMA : On the monthly chart, the stock price has remained relatively close to the 21-day Exponential Moving Average (EMA), which aligns with the positive signals observed in the MACD. This suggests that the stock's upward trend is sustainable and supported by underlying momentum. Potential Risks : 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, such as the ongoing conflict between Israel and Iran. Disclaimer : This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:LXCHEMLong
by sandeepbalachandran
APPLE STOCKS TREND DOWN AFTER WARREN BUFFET SELLING 50% STOCKApple stock price make high 236.92 and buffet start the selling of apple stock its dumped the price of stock 55.02% now scenario is apple start falling the price of stocks my scenario is you will get the opportunity because my analysis show me a down trend in apple stocks after that buffet selling the stocks price close on Friday around 221.73 i give a scenario to buy stocks on different level . 1. 207.04 $ 2. 197.14 $ 3. 192.36 $ 4. 186.55 $ IF apple stocks break down the level of 164.03 you will see sharp fall in apple stocks. You will invest your wealth so don't be greedy some times institution play games with retail investor so before you invest your wealth look around the your financial condition and your risk because you know its risky some times. we need to wait when institution players enter in the market for manipulation. Wait and watch then enter in the market grow together .
NASDAQ:AAPLShort
by NaviPips
CHENNAI PETRO - Swing Trade Analysis - 11th July #stocksCHENNAI PETRO (1D TF) - Swing Trade Analysis given on 11th July, 2024 Pattern: ASCENDING TRIANGLE BREAKOUT - Weekly Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation (for a Small SL and a better RR) - In Progress Please Note: - Since the market is at a precarious spot at its levels, we need to be careful & mindful with our entries and position sizing - Always work in probabilities and always keep your SL in play constantly * Disclaimer
NSE:CHENNPETROLong
by TradeRyteStockz
XAUUSD - Prices decrease according to the trendGold fell to around $2,325 per ounce on Tuesday as investors await this week’s US economic reports for clarity on the Federal Reserve’s timeline for interest rate cuts. Key focal points include the core PCE index data, the Fed’s preferred inflation measure, alongside consumer spending and income, the third estimate for Q1 GDP growth, and the goods trade balance. Meanwhile, San Francisco Fed Bank President Mary Daly stated on Monday that she does not think the US central bank should lower rates until policymakers are confident that inflation is moving towards 2%. 🔴SELL GOLD: 2341 - 2343, SL: 246 🟢BUY GOLD: 2302- 2300, SL: 2296 ⛔️Breakout: top border 2334 - below 2323 - 2316 - 2312 🔼Support: 2316 - 2312- 2306 - 2300 🔽Resistance: 2337 - 2341 - 2345 - 2349 - 2354 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
USDJPY eases within the bullish channel, sellers await 159 breakUSDJPY defends the previous day’s retreat from a two-month high as traders await Tuesday’s US Confederation Board’s (CB) Consumer Confidence figures for June. In doing so, the Yen pair remains mildly offered between the upper line of a seven-week-old rising trend channel and an upward-sloping previous resistance line stretched from early May. It’s worth noting, however, that the RSI’s pullback from the overbought territory joins a receding bullish power of the MACD signals to suggest further declines of the quote. The same highlights the aforementioned resistance-turned-support line surrounding 159.00 as a break of which will welcome sellers targeting a two-month-old horizontal support zone surrounding 157.90-70. However, the bears should remain cautious unless witnessing a daily closing beneath the 156.30 support confluence comprising the 50-SMA and bottom line of the previously stated bullish trend channel. Following that, the quote’s weakness toward the monthly low of 154.52 can’t be ruled out. On the contrary, USDJPY bulls should wait for a clear rejection of the bullish trend channel by providing a daily closing beyond 160.00. Even so, the yearly high of 160.20 and the 1990 peak surrounding 160.40 will join the overbought RSI conditions to challenge the buyers before directing them to the 161.00 round figure. If the Yen pair remains firmer past 161.00, the late 1986 peak of around 163.95 and 164.00 will be on the buyer’s radar. Overall, USDJPY remains in the bullish trajectory despite the likelihood of a short-term pullback in the prices.
by MTradingGlobal