Why am I so confident of 1670-90 zone.., the same zone gave support 5 times earlier and it is the 6th visit to same zone.., It is the zone from where 400 dollar or 25 percent upside rally started.., And it is the zone of inverted head and shoulder breakout,, Expected Road map - 1680-1758 - 1698 - 1815- 1768 - 1868 (channel top) Buy the dips and keep...
Currently at a do or die level.., monthly closure below 1750 can cause neck line breakdown and further fall upto 1680.., any break below 1680 can take it upto 1500.., till then.., till 1750 is broken buy the dips a good bounce anytime possible..,
Buy above 32650.., or buy the dips upto 30k.., Short near 32600-650 zone with small risk..,
A biased gold lovers analysis.., Last two moves from 50 week moving average resulted in 21 percent and 42 percent returns.., can we expect 84 percent returns from here this time.., taking it to 3200 usd.., I am strongly long.., share your views
Go long with stop below 1800 on closing basis.., 200 dma support at 1821, rising trendline support at 1818, falling trendline support at 1815 Bounce any time possible.., Buy the dips
Hope now its easy to predict further move in gold.., the closure that happenedbelow 200 DMA was a trap.., now gold is on its way to 50 DMA.., And once it crosses 50DMA, 50 DMA itself will act the support and trend will continue..,
Nifty forming inverted and and shoulder pattern.., neckline at 9350 zones.., if broken 9600, 9900 possible., This pattern becomes void if 9100 is broken on downside..,
400 is going to be a horizontal support, neckline support and channel support.., Go long from here with a room of another 10 point fall.., if this neck line broken and if holds below 395, further fall to 325 possible as the head height is more than 80 points.., If upward rising channel is true, if holds 400, channel top possible again which is close to 500..,
NIFTY pharma index may show some excess above channel top to reach its crucial resistance zones at 9500 and may return back to its original trend. You may go long for pharma stocks at current levels and on further dip for a target 9-10 percent more on upside.
For the past 4 sessions we formed higher high and higher low candles. Go long in Nifty for a target of 10000, with a stop loss at 8900 as closing basis. Don't chase.., Buy the dips.., All the best
7980 is a level, where a head and shoulder and inverted head and shoulder breakout happened in 2015-2016, Since then it acted as support on weekly chart and never closed below this level. Hope it holds. If breaks, go short for a target of 7500 and 6900
Go long with 12000 as closing basis stop loss
Go long with 30500 as closing basis stoploss
RBL BANK is forming inverted head and schoulder pattern.., pattern neck line at 380.., go long if 380 is broken..,
SBI broken HNS pattern.., neckline at 318 broken and retested.., Go long only if SBI goes above 320
Took support at 50 percent retracement, Expecting a good recovery from here. Buy with a stop loss of 1750 on closing basis
Go long with 520 as closing basis stop loss