As you could see the price has closed above a very long and deep trend line which was respected past 1 year. So expecting a good and protracted move in Gold and related bullions.
Chart is self explanatory. Nothing fancy simple basis price action & volume.
Ignoring the market trend or say to hedge the long positions this short trade can be used with the SL 1040
What is channel Pattern & breakdown? Scenario in which Price will tend to move in a channel between a trend line and a line parallel to the trend line. The later is called a channel line or a return line . When these are identified, they represent a clear exit point for an entry taken in the direction of the current trend. Aggressive traders may also use the...
With Public Sector Undertaking making huge leaps in past few weeks, here's one with good price action and Risk Reward.
Rarest of Rare, a perfect bullish abandon baby formation in daily TF. Trigger - Close above 17750 Stop Loss - 17450 Target shall be big and protracted.
This idea has Low Risk Reward ratio but the price action is worth to be trusted. Aggressive Traders can buy at CMP and other can wait for retest.
Choose your stocks wisely.. prefer quality midcaps over Large Caps
With Media Sector burning out, I choose the small cap TV18 for some quick and big gains with lowest risk possible. Please refer the Chart Notes, I have used anchor drop tool so that the price chart is clearly visible. Buying Level, Target levels have been marked. Aggressive Investors can build their position at cmp also. SL shall be previous months high i.e...
Please refer chart notings for understanding the price action.
Watch out the indicated pattern carefully. Any further move shall be updated accordingly.
Clear cut weekly breakout and sustained. Can be a fast mover.
There can be a good upside. Crossed 50EMA with very good volume spurt and moving swiftly.
Tata Motors is among the heavy weight stock of Auto Sector. With the downtrend in Auto Sectors due to chip shortage it was also suffering which was visible in the price action. However, since chip shortage news has been priced in and the results season are near so have seen a multi month breakout in tata motors. Now following questions comes up - What if I am...
Technical Investment pick with an investment horizon of more than couple of month atleast.
Please refer Chart notes
This analysis is in continuation of my previous analysis on 16 May 2021. For people who are not aware about how to invest in gold 1. There are various Gold ETFs trader in exchange 2. By analyzing the volumes and liquidity one can select and trade accordingly 3. I personally trade SBIGOLD ETF