The gold daily line ended with a long negative line with a slightly longer lower shadow, which shows that the downward trend of gold is clear. Today is undoubtedly bearish, Therefore, we gave a short strategy of 2337 to our internal members in the morning session and entered the market to short sell in batches. The market is also as expected, rebounding to around...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (29-05-2024) Current price- 2344 "if Price stay above 2335, then next target is 2355 and 2365 and below that 2328. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Short-Term Target: Several analysts have a consensus target price of around ₹165, indicating a potential upside of approximately 8% from the current price Mid-Term Projections: By the end of 2024, some projections suggest the price could reach up to ₹195, considering positive market trends Long-Term Projections: By the end of 2025, the share price might go...
To analyze the gold price scenario where it corrects before rising to target levels of $2,357 to $2,362, where a selling strategy could be implemented with a stop-loss (SL) of 5 points below the entry price, we need to consider several factors that influence gold prices. This includes technical analysis and market sentiments. Technical Analysis Trend Analysis:...
BO RESEARCH TO OBSERVE NHPC Looks Good ABOVE 109.25 SL 87.85 Target 126.55, 143.85, 161.15, 178.45, 213 Hold few weeks Please consult your financial advisor before investing All research for educational purposes only.
#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Breakout The 3ETH/BTC trading pair has been in a downtrend for the past 28 months, consistently forming lower highs and lower lows. However, recent price action indicates a potential reversal pattern that could signal the end of this prolonged bearish phase. Ethereum is currently taking support from a...
Gold dropped to around $2,330 per ounce on Thursday due to increasing US Treasury yields and demand for the greenback following hawkish remarks from Fed officials. Fed Atlanta President Bostic expressed uncertainty about reaching 2% inflation and highlighted significant price gains. Gold moves towards 2350, passing through the lowest bottom of wave 3, but the...
Sona BLW Precision Forgings, an India-based automotive technology company, designs, manufactures, and supplies engineered automotive systems and components, including differential assemblies, gears, and EV Traction motors. If we look at the chart: The market has broken to the upside with very good volume. The market has broken the trendline to the upside....
JYOTI CNC AUTOMATION LTD Ascending CHANNEL pattern in daily timeframe. Crossing all time high. Increasing relative strength. Crossing 52 week high. Disclaimer: For educational purpose only. Please do your own research before taking any trades. Happy Trading!
The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove....
Update :- Following the upper range breakout, silver met resistance between 95,000-96,500 zone. Examining the 4-hour timeframe reveals a trendline originating on May 24th. Yesterday, May 29th, this trendline was breached, hinting at a double top (M) reversal pattern. Confirmation of this pattern awaits at the 90,000 level If this level breached, a subsequent...
Our trading plan is to wait for the price to react in the price range 2337 to 2332 to look for buy signals. The news was announced yesterday Preliminary GDP news is 1.3%, lower than expected 1.6% Applications for unemployment benefits were 219k, higher than the previous period's 216k News that pending home sales are down 7.7% Yesterday's news indicators are...
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
A strong Divergence pattern is formed on the Weekly Chart. Also we have an indecisive candle on the daily chart. WTF Resistance : 23,200 WTF Support : 21,850 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
NSE:NIFTY NSE:BANKNIFTY #NIFTY & #BANKNIFTY 30 Min Chart Analysis (30-05-24) 🔹Trend: Big Bull Channel. 🔹Swing :- Down Swing 🔹View: Down Move Continuation after a minor trendline retest. Let's See the correction for this week and then before the election results we have to reevaluate according to the Event. 🔹As of now Both indexes are aligned with...
DATE - 12th March 2024. HDFC Bank has breakout today with good amount of candle size and volume too. Applied Concepts Chart P. - Inverted H&S Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart. Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed...
Is Solana Crypto Ready To Take A Big Leap Towards The $200 Mark? Solana crypto is exhibiting consolidation near the 20-day Exponential Moving Average (EMA), hinting at a potential breakout in the upcoming sessions. The Relative Strength Index (RSI) and 14-day Simple Moving Average (SMA) have both crossed the mean line, signaling a bullish trend on the...