BNIFTY:Entire market is bleeding,BNIFTY failing to hold 46600 on a closing basis would trigger fresh sell off by another 500+ points. For me any raise till BNIFTY convincingly holds 47100 its likely to be sell on raise.for me any long trade only when BNIFTY holds above 47100 its 50DEMA(For educational purpose only)
As predicted, EUR/USD began to correct yesterday, confirming a new bottom and climbing to 1.0678 in early Thursday trading. The EUR/USD pair's recovery was supported by renewed selling on the US Dollar and a risk-friendly market atmosphere. Currently, the main emphasis is on aiming for the Fibonacci retracement area from 0.5 to 0.618, which is set as the next...
Hi everybody! Today, let's explore together the factors that affect the price of gold! Last night, gold experienced a major correction. The precious metal has dropped significantly in price due to fading expectations of US interest rate cuts, which has reduced demand for gold as a safe haven asset, especially amid tensions. increased tension in the Middle...
Praj Industries has found support at horizontal/sloping trendline @448 plus a positive divergence formed on RSI with high volumes. Its floating just above the resistance zone @525. This looks very bullish to me from here for targets of 596,649,699 over the next 1,2,3 months. Disclosure: i hold the stock bought over last year. This is charted for my own benefit...
Its attempting a Breakout, volumes are ok but not very high as expected on a breakout, lets see if it holds? Not confirmed 100%, say 75%, I will update if i get time. Disclosure: i hold the stock bought over last year. This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor. This is purely a technical...
Nifty50 has reversed from channel top and broken short-term trend-line (shown in blue), also closed below the double top breakout @22525 its lower range is 22500 any close below this will move to 22400 channel mid-line and the channel bottom is 22000. Short term negative, the close on monday will decide the next move. Disclosure: i hold various stocks that at...
Yesterday, gold fell as expected. The price showed a downward trend twice after hitting a maximum of 2395. In late trading, it fell all the way to our expected first target of 2355. The current disk shows that it has plummeted by $100 since the high of 2431, and short-term bulls are still trying to regain lost ground. However, the trend line since the 2430 upward...
BankNifty Analysis — Stance Bearish⬇️ “The power of a strong support/resistance zone will help you in your technical analysis” — Anonymous. See what happened today, BN started strong and was keeping its head above the 47465 support for a long time. Between 10.19 to 10.31, there was an attempt to break this SR, but it failed. BN reclaimed the 47700 levels and...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "For bearish continuation, we need to take out the 22051, whereas for Neutral stance shift, we need to take out 22295." We did take out the 22051 support today on the 4mts TF but not before some drama. Initially Nifty was showing strong upside potential knocking the 22295 resistance level. By 12.15, I almost...
Dr.✍️ PhD @EquityVedh · 4s #Pricol It is engaged in the business of manufacturing and selling of instrument clusters and other allied automobile components. Market Cap₹ 5,209 Cr. ROCE 20.1 % InstHold 31% Growth YOY:- SALES 20% PAT 27% Cup and handle breakout with Volume.
Nifty spot daily candle at trendline RSI at 40 zone it is make or break in 60 min chart Bullish divergence tomorrow is crucial day for weekly chart and candle
HH-HL Strong green candle RSI ABOVE 50 BUY = 6970 TARGET = 7025-7050
Nifty opens with positive note but bulls didn’t survive into the market and loss all the day gains at the end of the day. Market falls another 152 points (around 0.69%).(nearly 774 points in last 4 trading session). Nifty has formed red body big candle on daily chart. Bearish engulfing pattern is formed on daily chart, which indicated more bearishness into the...
This is simple triangle hope it meets target.. it will break the triangle and move upside
1) bearish market but stock hitting it's life time high 2) sustain it's sentimental resistance 2500 3) no recommendation for buy and sell 4) volume buildings
Nice base formation with good volume Favourable risk to reward ratio
Gold prices continued to rise today due to increased demand for safe-haven assets amid escalating tensions between Iran and Israel. This has prompted investors to flock to the gold and USD markets to protect their assets. Precious metals are on the rise even as US economic indicators and the USD index increase, raising concerns that the US Federal Reserve may...
From the daily chart of gold, a K-line combination similar to the "evening star" appeared near the historical high, suggesting that the gold price has initially peaked, and we need to beware of the possibility of a decline or a deep correction in the market outlook. Since gold showed an uptrend pattern, we have experienced multiple corrections. Most adjustments...