It has formed a good head and shoulder pattern in weekly time frame. Once it closes above 245 level, we can expect a good move.
Target :- 265
Please do your own analysis and correct me if I'm wrong. Thank You
BPCL has showed a good profit result, along with it the Day time chart is in the accumulation process for over One and Half year's now, and it formed a Ascending Triangle Pattern. Once it breaks the pattern it's going to shoot up.
Enter after the 16th of September 2021, as it is the ex-date (Rs.58/- Dividend), for conservative entry. For aggressive entry enter...
The Gold rates are going to go down in the coming months and reach 1400 ~, where it will take a strong monthly support.
Based on the simple chart analysis. and also it's operating in high volume.
OANDA:XAUUSD
Disclaimer:- For Educational purpose only.
After a consolidation period of 2 Months (from June 21 to August 21) forming a Equilateral Triangle, it has broken the triangle with good bullish candle. If the candle closes above the triangle in DTF, I would enter the trade in long side.
So, my Entry would be at 710,
First target at 750 (because of resistance)
Second target would be at...
