Hello everyone, I am delighted to continue our discussion on GBPUSD today. At the opening of the trading session on Monday, GBPUSD continued its upward trend on the 4-hour chart, currently trading at 1.271. The appreciation of the British Pound against the US Dollar may be attributed to the current market sentiment leaning towards risk, which has fueled its...
Hello dear friends, let's discuss the previous week's performance of EURUSD with RKarina and talk about strategies for the upcoming week! Last week, EURUSD was trapped in a downward trend, closing below the support level of 1.090 and currently trading around 1.089. As a result, there was a slight price recovery during the correction, but it is expected to...
NZDUSD edges higher past 0.6100 while defending the rebound from 200-SMA during early hours of the key week comprising New Zealand (NZ) Consumer Price Index (CPI) and the US PMIs for January. In doing so, the Kiwi pair also justifies the “Double Doji” bullish candlestick formation to consolidate the biggest weekly loss in six months. Additionally favoring the...
Round Bottom Breakout Setup RSI above 65 and rising Trading above EMA50 Volume increasing
Hello dear friends! The price of gold in the global market has increased at the start of trading in the US due to safe-haven demand amid escalating tensions in the Middle East. The weakening US dollar is a supporting factor for the rise in gold prices. The long-term outlook for gold is positive. However, the upward momentum may be delayed as the market is trying...
Summit Securities has been going downtrend in the daily chart pattern now it has broken the pattern and MACD is showing a crossover.
1. See, we need to identify the stock before its move, First wee have to find out the stocks which are in consolidation phase after uptrend move, the consolidation phase in the uptrend stocks can be of 6 to 8 months only. 2. Now, please see the chart of all paper stocks which are going to move and other stocks also which are standing at neckline where MACD and...
Chart has enough details . On history After a downtrend price gave a breakout above golden zone and retest and then it run for 45% profit . Current pattern resembles same , change of long term breakout as well could trigger the price to run even more Conservative traders can book profit at target 1
PSB breakout 🚀🔥 -CMP 47.8 -Narrow Monthly CPR -Previous Month CPR is Inside -symmetrical Triangle breakout -Volume buildup at breakout zone -Suppt 43
Title: IndusInd Bank (INDUSINDBK) - Long-Term Bearish View Analysis: - Technical analysis suggests a potential bearish trend for IndusInd Bank. - RSI/MACD indicating potential weakness. Fundamental Considerations: - . Expected Move: - Anticipating a decline to 1451 in the short term. Risk Factors: - Stoploss @ 15 points Time Horizon: - 7 to 14 days time...
BTC makes correction everytime before halving so this must be one while making the perfect Head and shoulders which if goes as i planned the price would be close 150k per btc which is not that difficult if youo know. #btc #crypto #analysis
HAL is forming a distribution pattern at the top and one can sell around in supply zone with SL above 3100 for the targets of 2790 - 2750 and if this support zone breaks we expect to see much deeper price as marked on the chart.
All years long monthly trendline breakout supported with huge volumes due to good quaterly results. Gross and Net NPA are at all time low and highest ever profits recorded in this quater. Technically speaking the charts are very strong and forming a rounding bottom on monthly charts. Entry should be near 70 to 80 Targets can be 100/120/150/200 Holding period -...
GRANULES -- All indicators are green, trading above all moving averages. Reaching 439.5 - which is double top on the Weekly time frame. If buyers step in to keep up the momentum, we should see 478 before any trend reversal. This is a 1.68 level and expects some retracement as per Elliott's wave theory. Add to watchlist - wait for confirmation Currently,...
-Plywood sector is on my radar all stocks trying to give breakout -broke above trend and resistance now retesting -above 820 it can give good return -strong support from previous resistance & 50 ema
Symmetrical Triangle Breakout Setup RSI near 65 and rising Trading above EMA50 Volume increasing
Ascending Triangle Breakout RSI above 70 and rising Trading above EMA50 Volume increasing
For savvy traders seeking the next big opportunity, Balkrishna Industries is now in the spotlight with a breakout that demands attention. Reasons are stated below : After multiple tests, Balkrishna Industries has triumphantly closed above the key resistance level at 2675, signaling a decisive breakthrough. The stock has shattered a robust consolidation...