Since Jun'21 gold was trading in a range. The range was broken on 14th February, retested on 15th and toda it's trading above previous 52 week high. This may be an opportunity for buyers of gold (mcx) and goldbees (nse). What do you think?
Recent breakout, pulling back in an orderly fashion to the 20-day line, exhibiting relative strength to the market indexes as they continue to falter.
Look for a bounce off of the 20-day line that clears Tuesday's (2/22/2022) high with a stop loss just under Tuesday's low.
Stock recently broke out of a ~10 month base and is forming a very tight VCP / high handle.
The stock continues to make new relative strength highs, giving very little back while the indexes struggle, showing its superior strength relative to the overall market.
Look for a breakout over the February 9 closing print of $51.54 with a stop just below the low of the VCP.
AHLUCONT NSE Ahluwalia Construction is bullish if 430 holds. Near Lifetime High. Fresh Breakout. New 52Week High.
*** Educational purpose only.
NSE:AHLUCONT
Affirm has been trading in a strong uptrend and recently touched its all time high and has been trading at higher levels. It has potential to touch 200-220 with in a few days in this rally before any significant profit booking happens.
Disclaimer:
For educational purpose only. All disclaimers apply.
Today Hindalco made 52-Weeks High on strong buying. Lets wait for profit booking if happens else Buy Hindalco above Today's High price when ever it crosses Today's High with SL as Today's Low Price.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only....
