After a long bearish phase the gold has entered in a nearby old institutional buying area and again smart money has started building there positions. there is high chances that it will retest the ''smart money'' area and then we may see again a mid-term bull run in gold.
S&P500 is continiously rejecting from its long term counter trend line there is a huge possibility that s&p500 will touch its pre-pandemic level very soon
This is a fundamentally very good stock the stock is in good momentum and this is the right time to enter in the stock as stock is in its dip when buying on dip works? when the particular stock is making higher highs and higher lows with rising buying volume bullish flag pattern is created in the chart - which is a continuation pattern
GHCL IS A MICROCAP STOCK, ,MCAP of 5500 cr ROCE:-26% ROE:-24% Fundamentally Strong stock setup:- ENTRY(day timeframe) - only if we spot healthy green with good volume candle at our retest leval entry should be taken above at the highh of that healthy candle stoploss - only if the candle closes below our stoploss level views...
stock price is already broken the structure of higher highs and higher lows, and currently the price is moving in the bearish structure( lower lows and lower highs, parallely the volumes are hevay when the price moves downward and volumes are low when price is moving higher, safe trade can be taken when the price hits the retest area and there should be formation...
stock was down more than 45% from the top, then the price hits its the demand area( mentioned in the chart) there was reversal chart pattern( W PATTERN) found in that demand area. this move is very bullish as there is a significant arise in volume before the rise in volume it is observed that , there was a depletion in the volume when the price was falling down...