pranay0508mishra

pranay0508mishra

After the yesterday's 160 pips fall, EURUSD took great support at $1.0776 - $1.07574 levels for a good 78 pips pull back therefrom. Saw some rejection, Retraced 50% and ended up forming a wedge with a $1.07970 low and $1.08236 high. There was quite a resistance at $1.08070 levels, Breakout therefrom made the high of $1.08236. (Which happens to be the 61.8%...

pranay0508mishra

Trading is the game of Probabilities. Lot of retailers are being dragged into markets without proper understanding of RISK MANAGEMENT. It is NOT as simple as just about clicking that "Buy/sell button" I am here to share the importance of STOP LOSS and the purpose of writing this up is to share that part where maket tells you that it's above you. Irrespective of...

pranay0508mishra

Let's Start by admitting the fact that price action works like crisp in FOREX. A beautiful breakout at $1.36459 made GBPUSD hit $1.37437 - $1.37493 Levels. Which happened to be a small time resistance level. (During October 2021) Price then reacted to the resistance and set up its camp down at $1.37007 Levels. Selling pressure was still intact when it tried...

pranay0508mishra

Alright, So the story starts with a bullish movement in April this year with some unusual move in the volumes. Breaking the 9 Months resistance and going up 13% therefrom in a weeks time. The Bullishness continues.. forming Higher Highs - Higher lows for the period May to July. However, following the pharma sell off in late July, Support at INR 654 levels...

pranay0508mishra

To the best of my sight, there's a clear downward trend since may this year, supported by head & shoulders. Scrip's trading very close to MA 200 support levels. If it crosses the support level, which seems possible, It could slide down to 485-489 levels. However, If the coming quarter favors the company along with market's positive reaction thereto, Stock might...

pranay0508mishra

As the Chart tells, It's on a downslide since past few sessions. Downward trend with a Descending Triangle shows much weakness. To add on, stock's trading below 200 MA, Could see some serious fall in the coming sessions. (If it goes as the trend suggest, Price fall could be around 308-310 Levels.

pranay0508mishra

Hello there! what an upward trend it is to see. Resistance at 147 levels, Support at 135 levels. But! Is it overpriced for the kind of industry it is in? well, a company that has burnt nearly $2 Billion to get to a stage where it is today, and still is in requirement of cash to survive/grow in the future, May be, Yes! I agree market's optimistic about the...

pranay0508mishra

I see a clear Trend Reversal In ITC. First Target could be of Around 219 Levels.