Cardano broke out of its crucial resistance with good volume then next time whenever it comes to the resistance buy because support acts as resistance
BTC might see a strong sell-off and you can make a profit from this fall REASONS - 1 breakout of a descending triangle and taking a retest 2 facing good resistance which is also supported by the volumes 3 overall the market sentiment is weak and tomorrow the fed will announce the rate hike PROFIT the profit could be booked when it takes the support of the trendline
the dollar index might see a sell-off for quite a few while the reasons for it is REASONS 1. on a 1week time frame we are seeing a strong resistance. 2. on the 1day time frame we are seeing double top on the resistance. 3. and on 15 min time frame, we can see a head and shoulder pattern and a descending triangle pattern. 4. if the US market stays positive today...
the EUR/USD can see a rally for some time REASONS 1. we are at a very crucial weekly support. 2. we made a double bottom on such crucial support. 3. on 1h time frame we broke a trend that had been tested quite a few times. 4. the dollar index is at its all-time high and made a double top. so, as the USD depreciates we will see a rally in EUR/USD. NOTE: IF THE US...
Pattern Name: Bullish Engulfing Pattern Type: Bullish Reversal No. of Candles: 02 How to Identify it? 1)There must be a preceding Downtrend. 2)A short Red candle followed by a long green candle. 3)The Green candle should open lower & closes higher than the Red candle. 4) The Green candle should completely engulf the Red candle. The psychology behind it : 1)The...
NOCIL LTD HAD CORRECTED 40% FROM ITS TOP And it is ready to give a huge run-up of 27% FUNDAMENTAL REASON 1. China had stopped its supply throughout the world so India is expected to fill those requirements and the company is in the chemical business so there would be a huge demand in the coming future. 2. We could see some huge movement today and this kind of...
IEX is looking good to short Technical reasons for the trade 1. The stock is resisting and taking support from the trendlines which are in color 2. The stock took support from a red trendline 2 times now it is trading near that trend line so it might break it and also it is trading near its 200ema so this might also be broken. 3. The stock formed a bearish flag...
Titan might fall heavily in a few days FUNDAMENTAL REASONS 1. Previously bajaj finance posted really good results but still, it fell 6% in just one day and nowadays we are seeing that stocks after they post their results, are felling down a lot. 2. All the investors in the market are switching from blue-chip stocks to value stocks 3. the global markets are...
Bank nifty might face a consolidation for a few days Fundamental factor 1. war-like situation in the market. 2. most Chinese cities are under lockdown. 3. due to LIC IPO we could see a sell-off in the stocks for some time. 4. Fed might hike the interest rate due to increasing inflation. So, overall there is a lot of fear In the market (REMEMBER ALL THE BULL...
We can short reliance for some easy money. Reasons behind it 1. a negative breakout of a rising wedge on 1hr time frame. 2. Bearish engulfing on 1day time frame. Fundamental reason. 1. the biggest reason behind the trade is that reliance always falls after its results you could even backtest it.
AMARA RAJA BATTERY looking good for a swing trade. ] The reasons behind the trade. 1. A triangle pattern had formed in this stock. The height of the pattern can be taken as the target for it. 2. The stock will soon give a break of its 50 ema. 3. and at last at the same price, the stock will break its flag and pole pattern. Fundamental reason 1. the sales of...
Natural gas is looking bullish REASONS 1. Recently given a breakout of its flag and pole pattern. 2. Breakout of an inverted head and shoulder pattern. Reasons for the target and stop-loss 1. the high of this commodity has been taken as a target as per the rules of the pattern. 2. volume profile is also supporting this commodity and also the 50ema. 3. so with the...
DIvis lab is looking good REASONS 1. It was facing resistance from a trendline that is in red color and recently it had given a breakout of this trendline. 2. A triangle pattern had started forming on January 18 and recently the pattern had also given a breakout. 3. For the past few days the stock is consolidating in a narrow zone and it may break the zone at...