Potential Gold MCX Short Setup: A short position may be considered in Gold MCX if the price falls below 60620, with a stop loss set at 61150. Please note that this trade setup is only valid if the price does not breach 61120 before activating the short. Disclaimer: Trading involves risks, and this is not financial advice. Always perform your own analysis and...
Berger Paints appears to present a favorable opportunity for a long position. I've outlined the entry price, stop loss, and target levels for this stock within the chart. Please keep in mind that these are my personal opinions, and I don't recommend you follow them as stock tips. I encourage you to study the chart and share your feedback so that we can...
Consider a long position in Gold MCX around the current price of 61160. Initiate 30% of your standard position size. Add to your position within the 60960-61000 range. Set a stop loss at 60550 for risk management. Potential profit targets are at 61380, 61600, and potentially 61800 or higher. Please note that this is a suggested approach and not financial advice....
Gold MCX has settled into a range, possibly confined within a 1000-point zone, specifically between 60125 and 61125 . It's prudent to exercise patience and await a decisive breakout from this range before considering new trades. Stay connected for forthcoming trade ideas. Disclaimer: Trading involves risk, and past performance is not indicative of future...
Hey traders, here's an important update on our Gold MCX positions: We've successfully booked our long position and are currently completely out of our short-term long trade. In order to consider re-entering a long trade, we'll be closely monitoring the market for a break above the key level of 61,130 , and it's crucial that the price sustains above this...
Gold MCX - Short-Term Analysis Gold is currently trading in a tight range and appears to be hovering around a resistance level. As of now, we advise caution for short-term trading, as the market lacks a clear direction. Key Levels: Range: 59660-60260 Additional Resistance: 60330-40 Our strict advice is to refrain from trading in gold at this moment until we...
Gold MCX Analysis Current Status: Gold MCX is currently in a consolidation phase with no clear trading direction. Key Levels to Watch: Support Break: To establish downside momentum, watch for a break below 58880, which may signal a potential downtrend. Immediate Resistance: The immediate resistance zone is 59265-70. If the price approaches this level,...
Pokarna Ltd. has been in a downtrend for quite a bit, but this week it is breaking the structure of the downtrend and shifting to an uptrend. Buy Eligibility will require I. The price to close above 420 ii. The high of this week is to be broken. The chart is for educational purposes, and trade as per your analysis.
The Nifty index has reached a critical support level on the chart, which could be a significant turning point. For traders, this presents an opportunity to closely monitor the market and potentially capitalize on favorable price movements. As the Nifty hovers around this crucial support, traders are advised to stay vigilant and use technical analysis tools to make...
Nifty PSU | A simple analysis We can see that there's a good breakout in PSU Sector. Just a little hurdle in the weekly time-frame, marked the line from where the script has been facing rejection, Closing above that line and the zone may give good upside momentum in the whole sector.
Support and resistance, the elemental bedrock of markets, guide our journey through chaos. Understanding their significance is vital. I am explaining how Nifty Bank behaved in previous days with reference to Support and resistance. You can see how beautifully and powerfully it has worked.
Summary: The USD/INR stock chart has exhibited a prolonged phase of long consolidation, indicating a period of relative price stability and indecision between the US dollar and the Indian rupee. This consolidation pattern often occurs after a significant price movement and suggests that market participants are assessing their positions before taking the next...
After a good upside rally as can be seen in the chart, 'Berger Paints' went into a consolidation phase. today it has broken the consolidation zone and also has changed the trend in the smaller time frame. Now we can keep it on the radar for the coming days so we can see if this is a breakdown which is more likely to happen or a fakeout to trap sellers. both side...
The way Indiamart did as you can see in the last post, showing Dabur with somewhat similar conditions. It gave fakeouts and Reversed. Let's See if this performs same the way Indiamart did.
Indiamart tried to break the range twice and ultimately turned out to be doing fakeouts. Later we can see how amazing it performed. I will be sharing another post on the stock that is currently doing the same and could be a good opportunity. Check the next Post for that.
🚀 Exciting breakout alert! 📈 "La Opala" may shatter its resistance level, setting the stage for a potential upward rally. Keep an eye on this stock as it shows strong bullish momentum and could be primed for significant gains. Don't miss out! #stockmarket #breakout
FCPO has been on the downside for an extended period, corrected huge. now we are looking for upside movement. as one can see RSI is also supportive, it may turn upside anytime soon.
Axis Bank:- Support and Resistance Explained, Simple Things will always remain strong. Refer to the chart for understanding and learning.