EURUSD has created a bullish flag pattern following a break above a significant daily resistance level, which is now acting as support. The pair experienced a correction as it became overbought. The price fell within the bullish flag pattern and bounced sharply upon testing the broken structure. To confirm the bullish trend, look for a breakout above the...
USDJPY broke and closed above a key horizontal daily resistance last week. After a breakout, the market retested a broken structure and started to consolidate. I see a horizontal trading range on a 4h time frame. To buy the market with a confirmation, I am looking for a bullish breakout - a candle close above the resistance of the range. It will give me a...
With its strong foothold in the Indian banking sector and commitment to providing financial services to customers, Indian Overseas Bank presents an intriguing opportunity for swing traders. Reasons are listed below : Strong Support at 55-60 Zone : IOB has established a robust support base in the 55-60 zone, from which the price is rebounding, reflecting...
Gold began to correct after the opening yesterday, and it temporarily stopped after hitting a maximum of around 2358 at the end of the US market. However, the upward trend was weak in the morning of the day, and it retreated in the opposite direction. Currently, the European market has retreated to around 2340, and the intraday discontinuity It also allows us to...
Nifty hit the channel top today and immediately receded as there is not much space left of it to grow. Either it has to break the parallel channel and go above it or it has to fall to cool down the RSI and then come and fight to make a new high. It is obvious that as we hit levels above 23K there will be bout or bouts of profit booking too. With election results...
fakeout at both uptrend and last bullish momentum candle ... long opportuinty found ⚠
I think that GBPUSD has a nice potential to go up this week. I see a confirmed violation of a key daily resistance and a positive, bullish reaction to that after its retest. Next resistance is 1.278 ❤️Please, support my work with like, thank you!❤️
Long XAUUSD, 8H entry 2336.380 - 2321.240 sl 2277.045 tp scalp 2395.330 tp1 2478.681 tp2 2572.173 move sl to entry after price reach 2395.330 ; price shouldn't retest entry again. OANDA:XAUUSD
Aarti Drugs Limited (ADL) is a prominent manufacturer of APIs, Pharma Intermediates, and Specialty Chemicals. ADL engages in the development, manufacture and market of pharmaceutical products. The firm operates through the Out of India, and India geographical segments. Aarti Drugs Limited (ADL) CMP is 495.70. The positive aspects of the company are Company with...
Colgate-Palmolive (India) Limited is an MNC India's leading provider of scientifically proven oral care products. The range includes toothpastes, toothpowder, toothbrushes and mouthwashes under the 'Colgate' brand, as well as a specialized range of dental therapies under the banner of Colgate Oral Pharmaceuticals. The Company is engaged in manufacturing/ trading...
Nifty is seeing a consolidation and Profit booking phase after making a new All Time high. There was a massive pressure seen across indices. This phase and volatility which we have seen off late can continue for a while till election results are declared and a little bit post results too. FMCG and Pharma were the only 2 indices which withstood the selling pressure...
breaking downtrend with impulsive move and formation of FVG .. so hunt buy opportunity 🐱🏍
Last week was packed of rangebound action but Wednesday was the day that changed the market structure, shifting to the downside. Expecting a relief rally upto 4.450%
This presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Hindustan Petroleum Corporation Limited ,a leading energy company in India engaged in the refining and marketing of petroleum products. Reasons are listed below : Strong Support at 450 Level : HPCL has established a robust support level at 450, indicating...
A potential swing trade in Finolex cables , a prominent figure in the cable manufacturing sector. Reasons are listed below : The stock bounced convincingly from the strong support level of 850, indicating solid buying interest at this price point. A hammer candlestick on the weekly timeframe signals a potential reversal, suggesting a shift from bearish...
BSE, one of the leading stock exchanges in India, is showing technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : Strong Support Zone at 2600 : The 2600 level has proven to be a robust support zone, indicating significant buying interest and a strong base for a potential price rebound. Bullish Marubozu Candle :...
Last week was marked with indecision. Market was moving in a narrow range while Buyers were waiting for FOMC ad NVDIA’s earnings. After receiving positive confirmation (FOMC neutral, earnings good) market tried to go higher but found no support from large players. Sellers took advantage of the weakness and dropped price, clearing many weak longs established in the...
- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 21 feb 05 and tp 2 on 20th may 04 - If we are looking for sells we take on until tp 1 on 24 dec 04 and tp 2 on 20th jun 05 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for...