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What Is the Head and Shoulders Pattern? A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest. The head and shoulders pattern forms when a stock's price...

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Keep Profit In Pocket. Sharp Vertical Rally Seen After Good Consolidation.

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Most Asian currencies moved little on Tuesday as the dollar tread water in anticipation of key inflation data due later in the day, while the Japanese yen weakened further ahead of more cues on the economy. Sentiment towards regional currencies remained constrained after a large risk-off move across markets last week, while an unwinding carry trade with the yen...

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U.S. crude oil topped rallied Monday to top $80 per barrel as the Pentagon dispatched more forces to the Middle East in anticipation of an Iranian attack on Israel. U.S. crude oil is trading higher even as OPEC lowered its global demand growth forecast by 135,000 barrels per day, citing softening consumption in China. "The oil markets reacted strongly to the...

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India VIX is critical for understanding market choppiness before investing. Since all significant directional market movements are preceded by market choppiness, India VIX plays a crucial role in determining the confidence or fear of the investors. A lower VIX signifies low volatility and a stable range for the asset price. A higher VIX implies high volatility...

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A breakout is a potential trading opportunity that occurs when an asset's price moves above a resistance level or moves below a support level on increasing volume. The first step in trading breakouts is to identify current price trend patterns along with support and resistance levels in order to plan possible entry and exit points. Breakouts occur in all types...

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A bearish divergences occur when prices rise to a new high but the oscillator can only muster a high that is lower than exhibited on a previous rally. A bearish divergences often signal a sharp and significant reversal toward a downtrend.

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A triangle is a chart pattern is a tool used in technical analysis. The triangle chart pattern is named as such because it resembles a triangle. It is depicted by drawing trendlines along a converging price range, that connotes a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns of an existing trend or reversal....

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A Retest in the stock market refers to a situation where a stock or market index approaches a significant technical level (support or resistance) that it has previously touched, and traders and investors are watching to see whether it will break through that level or bounce off it. This is a key moment because it can signal a potential change in the stock's direction.

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A rounding bottom is a chart pattern that's used in technical analysis. It's identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.

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A rectangle pattern breakout happens when the price breaks above the upper horizontal line of the rectangle, indicating a potential upward movement. Traders often consider this breakout as a signal to enter a long (buy) trade. Breakout Strategy: Enter a trade when the price breaks above the upper line of the rectangle pattern. Place a stop loss below the lower...

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A channel breakout is a price pattern that occurs when the price of an asset moves outside of a support or resistance level with increased volume. A channel breakout strategy trades based on whether a symbol breaks out of a channel, which is created using the highest and lowest values for a specified channel length. Also Forming a Rounding Bottom...

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Technical Analysis: Indian Rupee continues its rangebound movement between 82.60 and 83.15 in the longer term Indian Rupee trades strongly on the day. USD/INR remains stuck within a multi-month-old ascending trend channel around 82.60–83.15. Now trading above Ascending channel.

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VIX and volatility move in the opposite direction. A higher VIX indicates higher volatility in the market, vis-a-vis a lower VIX, which means low volatility in NIFTY. Let’s understand with an example. Suppose, VIX value is 15. It means investors expect prices to fluctuate in the range of +15 and -15 in the next thirty days. Theoretically, VIX oscillates between...

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A consolidation zone, also known as a trading range, occurs when a stock's price moves within a relatively narrow range, exhibiting neither a clear uptrend nor downtrend. Traders and investors often refer to this period as a "sideways market" or "range-bound market." Identifying stocks in a consolidation zone can be useful for traders who employ range-bound...

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Gold taking supports after breakout. Again ready for next move

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An ascending triangle is a bullish chart pattern that typically forms during an uptrend and indicates a potential continuation of that trend. The pattern is characterized by a series of higher lows and a horizontal resistance line. The breakout from an ascending triangle occurs when the price breaks above the horizontal resistance line. Here are the key...

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The rounding bottom pattern, also known as the saucer bottom or bowl bottom, is a technical analysis pattern commonly observed in financial charts, particularly in stock market charts. This pattern is considered a reversal pattern, signaling a potential change in the trend from bearish to bullish. Here are the key characteristics of the rounding bottom...