Prestige Estates , a leading Indian real estate developer, is showing a compelling opportunity for a swing trade. Reasons are listed below : Breakthrough of Resistance Zone : The 1350-1400 range had been a significant resistance zone, but the price recently broke through and achieved a weekly close above it, indicating a strong upward momentum. 0.5 Fibonacci...
Chambal Fertilisers , a prominent player in the fertiliser industry, has recently garnered attention for its intriguing price action and technical indicators, prompting a closer examination for potential trading prospects. Reasons are listed below : Recent price action witnessed a breakthrough of the strong resistance zone at 350 levels, indicating a potential...
Avanti Feeds , a leading manufacturer of shrimp feed and prawn processor, is showing technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : Multiple Tests at 600-650 Zone : The 600-650 level has been tested multiple times, indicating it as a significant resistance zone. The price is now attempting to break through...
Consider a potential swing trade opportunity in Craftsman Automation . Reasons are listed below : Strong Support at 3700-3800 : The stock has established a solid support level in the range of 3700-3800, formerly a resistance zone, indicating a significant shift in market sentiment. Bullish Hammer Candlestick : A bullish hammer candlestick observed on the...
Gartley Fibonacci pattern identified at 6/20 19:15. This pattern is still in the process of forming. Possible bullish price movement towards target levels ranging from 30.19 to 30.54 within the next 7 hours. Expiry Date/Time: 6/21 02:42
Right now in good support area. Expecting upside from here. Hopefully it respects my stop loss. First target 280 maybe more till a resistance up there
Entry point :- 0.65001 Stop lose :- 0.64397 Risk :- 0.50% Target 1 :- 0.6560 Target 2 :- 0.6621
Hello everyone! Let's Dive into USD/JPY's Rally Today! Today, USD/JPY continues its upward march across most timeframes, currently trading at around 158.10. It's still on its quest to reach new all-time highs. From a technical perspective, the strategy remains to favor buying as long as the price stays above the two key EMAs and the ascending trendline holds...
On Wednesday, EUR/USD experienced an uptick as the U.S. markets took a mid-week holiday break. As we move into the second half of the trading week, investors are looking ahead to the Friday PMI data for meaningful insights that could steer market sentiment. Despite the recent recovery, uncertainty lingers. The pair is still facing significant resistance and a...
PIDILITE fut broke out of triangle pattern on an hourly chart with good consolidation 7 decent OI build up. Good risk reward. Could be bought with mentioned stoploss & target.
APOLLOTYRE fut broke out of triangle pattern on daily charts with decrease in OI suggesting short covering. Excellent Risk Reward. Could be bought with mentioned stoploss & target.
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price struggles to capitalize on previous bounce from $2,300 mark, oscillates in narrow band during Asian session. Currently around $2,330 area, traders seek clarity on timing of Federal Reserve interest rate cuts. Fed adopted more hawkish stance with only one rate cut forecasted for 2024. Markets...
Pair: XAUUSD Timeframe: 1H Analysis: Round number level, trend line, volume profile , support and resistance, pennant pattern, consolidation ————— Key Takeaway: For a full day we have seen the pair consolidate between 2332.8-2326.5 and we havent managed to break either levels. When the pair does we are either looking for a short or long trade depending on the...
INDUSIND bank fut broke out of triangle pattern on an hourly chart with good OI build up. Risk:Reward = 1:3 Could be bought with mentioned stoploss & target.
Fundamentally and technically sound, ITC is a perfect buy looking at overall market conditions which is currently on high valuations. At current price, ITC provides a value comfort and technically this stock has done a price and time correction at the same time. Currently we see that chart is forming Inverted Head & Shoulders pattern on a daily time frame which is...
Broke through Resistance level of 104.87 at 6/19 03:00. Possible bullish price movement forecast for the next 4 days towards 105.69. Expiry Date/Time: 6/23 03:40
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rebounds slightly during Asian session on Tuesday, partially recovering from previous day's losses. US macro data indicates declining inflationary pressures, raising expectations for a September rate cut by the Federal Reserve (Fed) and providing some support for gold. However, gold...
Aegis Logistics , with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation. Breakout and Retest : After multiple...