this is basic concept of Gann & Technical. maybe it will react in tomorrow opening. only for education purpose only.
I was looking at MCX on the 1h TF and observe that price has crossed the cheap entry zone as per the ProTrader script. I have seen that on many occasions, when the levels are drawn, price attempts to reach at least the first marked level. I think this time also it will do so. For the curious, the levels are based on Fibonacci sequence and are automatically...
as per my understanding, today first segment of profit booking completed. second segment of profit booking will start soon around 750++ points, as per GANN.
This Chart crude oil MCX 2HR Time' Frame EMA 200 hammer type candle touch closing time wait not up not down side. Ema 200 and previous day Support zone closed
Welcome to this quick MC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello members, welcome to our MC/USDT daily update. As we can see in the above mention chart that MC/USDT was trading inside the triangle pattern and broke the upper trend line and bounced right from the yellow MA. In the current scenario, MC/USDT...
Silver Micro Futures has broken out from a triangle pattern with good volumes. It has been correcting under the same for nearly 560 Days. Due to geopolitical tensions, commodity prices are expected to rise. This could mark a bull run in Silver. Resistance is marked in Red. So it would have to take out the supply area to continue Rallying. Even Though This could...
Dear All, Kindly read the chart well. Thanks & Regards
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
Sellers can use 7,100 for going short per previous high. If breaken above 7,200 may lead 100+ & 600 + ponts for short term per fib series confirmation. And down side looks weeks below 6,600.
As per price action, now at best RR. It is a falling wedge pattern and CMP, we can see a good support
Crude Oil movements seems will be in side ways for this week. ranges seems between 6,700 to 6,400 per trend based fib extension. Trend may change once breackout the levels.
It seems buying started from trend line view. Pitchfork also confirmed it. Targets 30 -100 points. Stop Loss around 5,740
Buy only small qty if market is not stable. Can keep booking partial for the given targets.
It has reached the lower trendline and looks to reverse by taking support. Going Long would be a good idea. Target is placed Near Resistance, Stop Loss is placed below trendlines, support zones and 200 EMA.
The white metal Silver seems in side ways. 59,000 is a good support per trend lines and 64,500 to 65,000 will be the selling levels. Buy on low is recommended
It has reached the upper trendline and faces resistance, therefore may undergo price correction. This would be a good opportunity to short Silver. Risk Reward Ratio - 3:1
MCX - Zinc offers 2 opportunity to ride the bullish trend. From the seasonality historical data, it has been always witnessed that by the end of November price starts accumulating demand the demands of the market. As represented in the above chart, wait for the price to come near our area of interest and wait for other bullish conformations.
RSI > 50 EMA 20, 50 and 200 support Rounding Bottom Pattern Support at 1970 Target: 2050+++