Gold CMP : $1878
As highlighted in a month ago on a pre-emptive move. Gold had witnessed a sharp rally of ~3.20% or ~$55 in last three days
• After consolidating for almost 18 months in the range, The shining metal has breached the key resistance zone around $1840
• Technically, Gold breaking out on daily, weekly and monthly charts
• Increasing Geopolitical...
Position Long above 110
• Stock has made new yearly high
• Stock is in formation of Inverse Head and Shoulder pattern on weekly chart and has breached above 110
If stock manages to close above 110 on weekly basis, one can initiate long strictly above 110 levels for the target of 160+ levels with stop of 87 on closing basis.
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Disclaimer :
-Please...
• Historically, 7 out of 10 years TCS has closed positively in the months April to Aug, Avg Monthly returns in these months are >3%
• Highest gains in term of % (~24% in April’18 | ~12% in May’17 | ~14% June’14 | ~20% Jul’13 | ~20% Aug’21) has also come in the same time frame
• Recent announcement of buy back at 4500/shares can support the momentum
• Currently the...
Crude oil trading at highest levels in 7 years.
Multi year Resistance zone is now acting as support zone.
The Black gold is expected to test $115-120 levels in 4 to 6 moths time
Russia - UK tension to and demand pickup to be key drivers
originally published on 1st Feb after highest monthly close in 7 years
Close below 87 will nugget the view...
PAYTM has been trading in range of 975 to 880 for a while, the stock is forming a bullish candle on daily chart, RSI is also moving up from oversold zone.
the stock is in formation of double bottom near 880 levels
if stock manages to close above 950 levels today one can initiate long for the target of 1140 and 1220 in two - three month
stop of closing below...
Since last three months the pair has been in consolidation range of 1.1487 to 1.1120. However, the pair is attempting to breach the range on higher side for the range second time.
• The pair is in formation of Bullish Marubozu candle on weekly chart (If todays close and high remains almost same) and will be breaching downward slopping trend line
• It has bounced...
