MATIC (Polygon) is at a pivotal moment on the chart; follow-through with the Ascending Triangle and breakout to the upside? Or get rejected a third time and fall back toward the $0.60 level? How do we trade this? 🤔 To justify a long, we need to break the Resistance Zone and test it for support. We're too close to Resistance to long now, the probability of...
Maruti Suzuki India Ltd. is India's largest passenger car company, accounting for over 42%+ of the domestic car market. The Company offers a full range of cars from entry-level to SUV. It has manufacturing facilities capable of producing 1.5 million units per annum. The other activities of the Company include the facilitation of pre-owned car sales, fleet...
Hikal Ltd. is engaged in the manufacturing of various chemical intermediates, specialty chemicals, active pharma ingredients, and contract research activities. Presently, it is operating in the crop protection and pharmaceuticals space. Hikal Ltd CMP is 303.95. The Negative aspect of the company is High Valuation (P.E. = 45.8) and declining annual net profit....
Hello traders, today I propose my vision of oil in which I identify a trigger for short sell entry in favor of the main bearish trend. Thanks to the use of my indicators created specifically for my way of seeing the markets, I highlight the beginning of the bearish structure which begins on October 3, 2023, so from then on I will only see short...
Technically Pharma index is on the verge of giving a cup and handle like breakout in addition to news of new COVID variant making waves. The Pharma index also looking very buoyant. If this particular index can give a closing above 16515 there can be an upsurge 16734 or even 17177 levels taking the index constituents higher along with it. Major companies in...
Nifty today stopped at mid-channel resistance of hourly channel. holding above 50 hours EMA (Mother Line) was a significant step in recovery towards recent high that Nifty made earlier this month. Supports for Nifty 50 remain at 21302 and 21258 (Major support - 50 hours EMA) mother line. If we get a closing next week below 21258 the Nifty can fall further to 21113...
I think BTC is preparing for a double top. RSI supports this idea. I wait for bearish bars.
Silver set a new higher high higher close, violating a key horizontal resistance on a daily. It is an important sign of strength of the buyers. The market will most likely keep growing. Next goal - 25.0 ❤️Please, support my work with like, thank you!❤️
I don't think there is much to clarify or share about this trade. Its just a piece of price action which i am practicing and this trade fits on that category perfectly i think. Reward is also nice 1 to 3 RR. As someone working to be a day trader this type of intraday trade fits for my profile perfectly. I will also look for a few more quick scalp trade in...
1. We have MSS in Weekly Timeframe. 2. We have a retest on the weekly Breaker. 3. TP1 and 2 at old sellsides.
EURAUD finally managed to violate a solid 1.623 - 1.630 demand zone. After multiple breakout attempts, the pair closed below that structure. It now turned into a supply area. We may expect a bearish movement lower. Goals: 1.603 / 1.590 ❤️Please, support my work with like, thank you!❤️
📈Bitcoin is currently trading within a broad sideways range on a 4-hour chart following a significant upward movement. I expect that there will be additional growth once it breaks out and closes above $44783 on a daily candle. The next level of resistance to watch out for will be at $47700....Trade safely 👍✅️
CME_MINI:NQH2024 - PR High: 16956.25 - PR Low: 16931.75 - NZ Spread: 55.25 Key economic calendar events 08:30 | Core Durable Goods Orders - Core PCE Price Index 10:00 | New Home Sales Prev session inside bar - Fading from prev session high Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 208.92 -...
While the small caps have provided fuel for a bull run in stocks to close 2023, they look to be running on empty when priced in gold. Since breaking down in late 2021, the Russell 2000 has previously tested the Ichimoku cloud 3 times, swiftly bouncing downward on each attempt. In tandem with price, momentum has been rejected by a resistance level of 60% on the...
Excel Industries Ltd. CMP – 902.55 Market Capitalization Rs 1,134.6Cr Red Flags:🟥 High Valuation (P.E. = 39.8) Declining annual net profit FIIs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge Improving cash from operations annual Dividend Yield @CMP = 1.33% Happy Candles Number – 54/100 X/2 Fresh Entry/ averaging / compounding after closing...
Nifty staged a good recovery. There is a further possibility of V shaped recovery for Nifty if it manages to close above critical resistance level of 21322. If we get a closing above 21322 tomorrow and there is no further bad news regarding COVID or some international factor in the weekend the next resistance levels will be 21418 and 21483. Final resistance before...
Dark Pool buy zones, identified with Relational Technical Analysis of the candlestick patterns and where they form in the long-term trend, along with indicators that reveal large-lot activity, are the key to preparing early for momentum to velocity runs for swing trading, position trading and even for planning long-term investments. NYSE:CHWY is working on a...