Some supports and resistance on BTC .31400-500 looks like an important support, if this breaks on closing basis then we may expect some major downside movement.
After the recent rally and very close to making all time highs ( NIFTY is already at a all time high on closing basis — it's just the first week of the month). The index might face some resistance at current levels, which is a confluence of the Bear Resistance zone on the RSI and the declining bearish divergence trendline. If aggressive buyers manage to surpass...
The price tested the 200 MA twice in the last month, but failed to sustain above the same. This time it has done so with little less momentum compared to last tests, which suggest the seelers are no more interested to sell at higher levels and buyers are gettig a free passage. the stock is a good buy at a small dip near upsloping lower channel TL with a SL below...
CESC is in a trading range since the Rally from the rally of the April month was stopped at 670. It has made an attempt to break out from the Boxed range in the month of October was pushed back and now is making a new Higher low ( Too Early to call it an HL). But this setup along with momentum divergence is giving a very low-risk Long trading opportunity. I would...
Interesting setup on MCX Gold. Price respecting an extension of median line and very close to an crucial support of 49326. A pullback near the horizontal TL would be an good long opportunity with very minimal risk.
Looking for a breakout from Down-sloping trendline since January to go long..if fails, could retrace to 50% fib levels, again a watch out levels for a buy. Momentum measured through RSI in the stock indicating a bullish scenario.
Here's the Dollar breaking and retesting the trendline. This would be an interesting weekend
We seen some negative correlation between Dollar Index and Emerging Markets Index (EEM). Currently, the dollar index has broken a significant upword sloping trendline and is retesting the same from below. If this trendline now becomes a resistance, the we may witness further fall of Dollar and a bullish really in EEMs.