⚡️Market news
The price of gold initially experienced a significant increase in trading before Wednesday's Fed meeting, rising from the day's opening level of around $1,931.00 to reach a peak of $1,947.00 just below the important level of $1,950.00.
XAU/USD dropped to $1,940.00 after the Federal Reserve (Fed) decided to keep interest rates steady at 5.5% for the...
In yesterday's New York session the EURUSD pair had a New York session high of 1.06736 and a session low of 1.06236, this was the range of the New York session. Going forward today I will have a look at the lows and highs of the Asian session to see where liquidity is sitting. Depending on whether you are long or short there will be a lot of buy and sell stops...
Hello traders,
BOJ meeting could change the market direction.
Daily view:
There is one entry and three TPs for this pair.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
⚡️Market news
The US Dollar Index (DXY) retreated from recent six-month highs, trading lower around 105.20.
Gold prices attracted some buying for the third straight day on Monday and gradually rebounded near the $1,930 supply zone during the Asian session. XAU/USD may now be looking to build on the recent decent recovery from the $1,900 round figure.
However, the...
NSE:TECHM This stock has fallen a lot in the past and today broke an Important Resistance of a Consolidation.
Not only that, it also created a Trap Zone on the way. This stock should go up and give us a minimum of 10 to 15% Return on Investment in quick succession.
On this auspicious occasion, may lord Vigna Vinayaka remove all obstacles from your life and fill it with joy and success. Happy Ganesh Chaturthi!
NSE:METROPOLIS could be the next good investment for this year.
After a big downtrend, the price is able to create an Inverse Head and Shoulder. Thereafter, the neckline broke, a retest happened, and now it should...
Hello traders,
This might be the Elliot 5th wave! It's just a guess! If you are a Wave trader would you please share your idea with us?
You can also find bearish divergences, but I think regarding the RtoR this the trade \does worth the risk.
Hello traders,
There is one entry and a TP for this pair.
You could hold for a 2nd TP, we DON'T !
Levels calculated order_block, regarding support and resistances, channel and pivot points.
⚡️Market news
Today, the OANDA:XAUUSD trading session started with a slight increase in price, reaching the range of $1929-1930, as the US dollar weakened slightly. Meanwhile, the US Dollar Index (DXY), which measures fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), decreased by 0.1% to 105.22 and this supported the price of...
This is a Simple Price Action Analysis of $NSE:VEDL.
In NSE:VEDL Price has broken the downtrend and started a new Up-Trend by creating Higher Highs and Higher Lows.
As a W-shaped recovery is forming, my expectation is Price will go up to 857.20/- (Based on Fibonacci calculations)-. This will be approx. 262.45% Return on Investment.
We can Buy on every...
Explanation is in the chart - price made a higher high, was looking for a re-test on previous resistance turned support. Price created bullish engulfing candle & EMA RT - my entry was off by 5 pips, should be BE but took a 0.5% L
NSE:BANKBARODA is making HH and HLs in the Daily chart and is reacting from a Fresh Trap Zone.
The expectation is price will make another HH from here as that is the habit of the price. So, we can think of taking a long trade with a small risk to get the 3.65: 1 Reward to Risk. That is a 10.70% Return on Investment in quick succession.
NSE:BANKNIFTY The price is creating a Cup-like shape in the daily chart. To complete the pattern, it must go up to 46369.50.
But there is a resistance which is holding onto and all the Trap Zones are tested. So, though the bias is Bullish but we should wait for the 45564.40 resistance to break to think of entering a long trade in Bank Nifty.
Disclaimer: Stock...
Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
NSE:TATAMOTORS has achieved a Higher High and entered into the All-Time High area.
This is a reflection of a Strong Up-Trend. The expectation is price will continue its upward movement by creating Higher Highs and Higher Lows on the candlestick chart.
Based on Fibonacci Calculations I predict that the Target will be 1014 which is approx. 60.10% Return on...
Not the greatest play in terms of market structure, price was consolidating on the HTF and the candle that was entered was 50% wick & body.....BE was respected x2 and then SL was triggered...1% loss
This was an A+ setup - needed to monitor RT on the HTF as price was above but was a form of extended RT as price continued downwards, price was initially underneath on HTF - it RT previous broken support zone and there was clean traffic for downward momentum after RT on both EMAs
