Gold was in a constant downtrend for a couple of days and took a retest over the trendline. At 1627 it took support thrice and gave a breakout candle after which there was a retest candle for confirmation and since then the price of GOLD has been rising at a decent speed. I hope many of you might have made decent returns in this area if you do trade in...
Syrma SGS Technology gave a decent listing gain of 27-30% and thereafter went as high as 324 giving 78% returns. This gem has corrected to 270 zones once from where it gained 38% and currently it is back at the demand zones of 270. A Fundamentally good stock is available at nearly 50-60% less than its ATH. Can surely be accumulated for long and medium term.
After taking strong support the stock has been trading in an uptrend with trend line supports to give confirmation. Educational purpose content.
Power Grid can show a down move and again take support from the channel and show a move for the marked targets in the coming sesh.
if there is enough strength in the breakout we can observe gold breaking all-time high records. Let's sit back and watch gold perform. According to me gold is back in a bullish trend but can be confirmed only after this breakout level.
we can see a decending ttriangle pattern in gold charts which indicate bearish view also the cooling down of russia ukraine conflict can bring it down for a while before any upmove
short overview for adani power can be a multiyear breakout lets see what happens
dmart is under a huge correction from its all time high and some institutes have claimed dmart to be overpriced for now lets see where the correction stops as it is on a crucial support line. can move either direction from here. do your study well before trading. CHEERS
2330-2400 range for buying this growth stock for medium to long term.
captured long positions in mmtc. Personally entered long @41.3 added few more @42.5 waiting for targets above 50. informational purpose only.
High probability of reversal from this point. We can see the retracement level of 61% support as well as price action trendline support. Will wait for confirmation and add long positions as a trade as well as investment.
Can wait for confirmation for shorting because the volumes are not interesting also the other oscillators arent giving strong signals for sell, so can wait for confirmation candle and other signals from oscillators.
If breaks this level next 4150 would be seen soon. bollinger bands is squezzed so can give a move either side, so wait for confirmation to enter either of the side.
Can correct till the support line and the 100% retracement levels of fibonnaci. Bears can go ahead and sell for targets of 1100-1070. Bulls and investors can wait till it takes support at the given levels of 1070.
EASY 3% captured till now. More upcoming!! Candle stick shows green signal, rsi shows uptick and the price takes support at the resistance levels and also the most important signal that gave me confirmation to take the trade was the support at the 50EMA.
Observing all the other oscillators and indicators, it is clearly seen that the rsi shows the uptick also the very basics of technical analysis : the candle stick shows the bullish engulfing. So combining all the basic candle stick study, the oscillator study , the trend analysis, the price action and the sentiments it was a very good swing call. Personally...
No idea about the company and its financials. Completely technical view published. Waiting for a bullish candle or a chart pattern to enter.
As per the elliot wave principle there's a high probability that gold is geared up for the 5th wave which may break the all time highs within a year or two.