Currently sitting at a support zone of 22280-22300. Break below this can take us to 22090. Above 22300 we have 22505, 22650. Have a look on the chart for the support and resistance levels. Share your opinion in the comment section below, and like and follow for daily market analysis ! Professional Trader | Experience: 2.5 Years NOTE: The above mentioned views...
Break of 11510 support, will lead to a fall towards 11450, 11370. Bounce off from 11510 support will lead to 11565, 11612. Have a look on the chart for the support and resistance levels. Share your opinion in the comment section below, and like and follow for daily market analysis ! Professional Trader | Experience: 2.5 Years NOTE: The above mentioned views are...
Strong and HIGH PROBABILITY BUY SETUP on Sun Pharma. Currently in the best price zone to buy (510-500). Target: 562, 580 Time duration: HOLD for at least a month. Expected ROI 11-16% The factors supporting our view are as follows: 1. Price is sitting just above the parallel channel's support trend line 2. Price is sitting just above an important psychological...
Bitcoin has closed below the rising trend line, saw a retest of 0.382 fib level and we have a bearish engulfing on the 0.382 fib level. We have a decent sell opportunity here. You can see the entry price, SL and TP in the chart. Main hurdle here would be sub 9200 level, and we might see a solid bounce back from there. Need a strong close below that level to...
Hey traders! Spot Gold (XAUUSD) analysis: Gold had a strong supply zone at 1735-1740 and we saw a sharp fall from that level. Now we have a decent short opportunity in gold, at current levels. Gold has also formed a lower high and is in for a lower low. SELL at 1687 Stop Loss (SL) at 1709 Take Profit (TP) at 1625 Favourable Reward/Risk ratio of 2.8 Always...
Market view negative for today if it stays below 3210.50 Sell at 3200 SL at 3211 Target 1: 3181 Target 2: 3264.75 This post is only for educational purpose. Do not trade solely based on the above analysis. Always use proper risk management. Happy Trading :) May your trading day end in green :)
Good evening, traders! I hope everybody is doing great and making use of this quarantine by learning new skills. This post is about my view on NIFTY. This post is pretty long than it should've been, but I am pretty sure you will gain valuable insights from this post. Do give it a read. I have an experience of about 1.5 years in the financial markets and I have...