gurjot_galwatti

gurjot_galwatti

The Gold has taken support above 1490 from the last three trading sessions. Therefore, this behavior is supporting the formation of Pennant pattern along with pole, in the aforementioned time frame. Hence, a trader can place a long position with a stop-loss of 1458, and 1553 as the first target. Further, the second target of 1597 can be achieved, provided it's...

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Bajaj Finance Limited is poised to give a breakout of a pennant pattern along with a pole, in a daily time frame chart. Therefore, a trader can place a long position with a stop-loss of 3823, and the first target as 4116, and second target as 4286

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There is a formation of an Inverted Head and Shoulder pattern in a daily time frame chart in the AUDCAD pair. It is about to breach the neckline and hence, a good long opportunity can be grabbed with 0.89469 as a stop loss. The first target is set at 0.90513 and the second target is of 0.91186

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There is a formation of a symmetrical triangle pattern in EURNZD pair, in a daily time frame chart and there are higher chances that it will give a breakout in subsequent trading sessions. Hence, a trader can place a long position with a stop-loss of 1.73554 and first target cum take profit is 1.76021, along with major target 1.77420

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There is a formation of pennant pattern in Asian Paints stocks in a 4-hour chart. Moreover, it is about to give a breakout in subsequent trading sessions after a bounce from 1700 levels. Therefore, one can do a long entry with a stop-loss at 1716 and can set take profit at 1820 which is the first target as well as a lifetime high level.

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A Flag pattern has been formed in a daily time frame chart of AUDNZD pair and an entry point for a long position is sensible at this point with 1.06916 as a stop loss. The first target for this trade is 1.08017, and 1.08466 is a second target.

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Recently, there is an initiation of a breakout of an ascending triangle pattern in a daily time frame chart of Mindtree stock. Therefore, there is a good opportunity for entering this trade with a stop loss of 689 and a 758 as the first target, and 808 as the second target.

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There is a formation of positive divergence pattern, which is drawn by joining lower lows in price chart and higher lows of RSI Indicator. This pattern indicates that there is a steady presence of buyers around this level and an entry around this level will yield good profits. Therefore, a trade can be placed with a stop loss of 0.61590 with 0.63210 as a first...

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There is a formation of a flag pattern in a daily time frame chart and therefore, the stock is likely to continue its bearish trend. This is the best opportunity to place a short position with a stop-loss of 392, along with first target 328 and second target 291.

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There is a formation of a negative divergence pattern in EURNZD in a daily time frame chart. This pattern is formed due to higher highs in price chart and lower highs in the RSI indicator. One can enter for trade with a stop loss 1.76176, and 1.74926 as the first target and 1.72807 as the second target.

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There is a good buy opportunity in the Punjab National Bank, on the basis of Positive Divergence Pattern in a daily time frame chart. This pattern can be drawn as well as observed after forming lower lows in price chart and higher highs in RSI Indicator. The trader should place a long position with a stop loss of 58.70, provided the stock gives today closing above...

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USDCHF is trading just below major resistance 0.99762 following the formation of the triple top pattern in a daily time frame chart. The arrival of bears is further supported by a rising wedge pattern, but the trader must do entry of its short position on today's closing that should be below the aforementioned major resistance. Moving forward, the first target is...

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There has been a formation of a downward wedge pattern in a daily time frame chart. This pattern is supported by major support 0.88260 ahead and hence, there is a highly likely chance of a breakout in subsequent trading sessions. Therefore, the pair will hit 1st target 0.90532

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There is formation of M-pattern in TCS stock in a daily time frame chart and it has taken the support of 2130. Moving forward, the pair will achieve first target 2207 and second target 2272.

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There is formation of a double top pattern in a daily time frame chart following major resistance 61143. The exhaustion in bulls is further supported by a double top formation around 72 levels in the RSI indicator. This pattern will get more firm with the consecutive bearish candles below the uptrend resistance line. Therefore, the first target is 57532 and the...

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There is a formation of the downward wedge in a weekly time frame chart and the pair is poised to breach major resistance 89. It will achieve the first target 91 provided the pair gives closing above the aforementioned resistance. Moreover, the bulls will force the pair to hit the second target 94. On the contrary, it could run out of steam and might get first...

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The Indigo stock has been facing major resistance at its lifetime high level of 1716 after the formation of a double top pattern in a weekly time frame chart. This pattern is supported by the RSI indicator, which is consistently descending from the overbought region and is currently below the downtrend resistance line. Hence, the stock is likely to come under...

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WTICOUSD is on the verge of breaching the downtrend resistance line in a weekly time frame chart. It will achieve its first target 60.352, provided weekly closing above the resistance line. Moving forward, consistent buying pressure will force it to climb until the second target63.781