NSE:INDUSINDBK at major Trendline support in weekly Time Frame.
One can start accumulating slowly on seeing positive momentum from these levels. Medium term targets of Channel high can be achieved.
on weak dollar gbpusd is going up
making higher high with higher low inside a yellow parallel channel
1.34297 first big resistance
lower yellow line first big support
hello guys.
let's dive into btc analysis after the previous analysis:
Broken wedge pattern: The chart shows a clear breakout from a descending wedge, a bullish reversal signal, indicating a potential trend shift.
Upward channel: After the breakout, Bitcoin has been moving within an ascending channel, which provides a strong bullish structure for price...
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that some days ago price rebounded from the support line of the upward channel and rose to the 2550 support level, which soon broke it. After this, the price tried to grow and some time traded higher, after which it made a correction movement to the support line of the...
Dear All,
Although, I am not so sure about bullish ideas on US markets but as you know simplicity is everything and that is why I see long bullish channel (orange one) and last 45 years channel (red one) confirmed we will continue the bull run and the mid term targets are 48500 and 53800 for DJI.
See if markets price it in next year or not?!
Here is the HDFC Chart published on July 22nd (inside my article) - "Nifty Analysis - The No-Nonsense "0" Indicator Strategy"
Now - compare HDFC's price action on Sep 24th - Precisely following the defined Path in Blue and rising like a Phoenix from the bottom of 1600 levels and breaking the ATH created on Jul 2023
Now by next week - End of September, HDFC...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it at once fell to support line, breaking $2385 level.
Soon, price rose higher than $2385 level, breaking it again, and then rose to resistance line of channel, and made a fake breakout.
Next, price declined to...
Been in a downtrend since August 2020.
Now repeatedly testing the upper downward channel.
Not much volume though, but upward sloping RSI on the weekly chart.
Is this the right time for a breakout?
You decide. This is not a recommendation to trade (i.e. buy, hold, sell or initiate any other transaction).
On Aug 29, there was a Post market News being circulated across all Social Media Channels that the Govt has removed the Cap on sugar Diversion for Ethanol Production. As an instinctive reaction, everyone suggested to start loading Sugar Stocks and it would rally immediately
www.moneycontrol.com
But in Reality - only on Friday there was a mad rush on market...
Price broke down from parallel channel and now restest it. Price stopped at resistance level so it is possible to move down in the direction of 0.8480 and then 0.8440.
Technical Confluences:
Price is in Overbought conditions in the Weekly Timeframe (Will take time to play out)
Price action bounced off 3 Resistances; Horizontal Trendline, top range of a Parallel Channel and the top of a Supply Zone
Fundamental Confluences:
PLTR's specialized software platorms that are complex yet scalable in it'sdata handling...
Technical Confluences:
- Stochastics are in Overbought conditions in the Daily Timeframe
- Price is close to the top of the Parallel Channel and is currently in the Interest Zone
- Price action bounced off the Mid of the Parallel Channel which strengthens a bullish trend
- Fundamental Confluences:
- Paypal is considered a market leader in digital payments space...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it at once broke $1.0735 level and some time traded in support zone.
Later EUR reached support line of channel and then bounced up to resistance line of channel, breaking $1.0735 level.
Also, price made a gap,...
Technical Confluences:
- Stochastics has entered into Overbought conditions in the Daily and H1 Timeframes
- Price looks like it will target the top of the smaller parallel channel; it coincides with the 50% Fibo Extension levels
- If the 50% Fibo levels break, we may visit the 61% Fibo Extension level; the next range of Interest Zone and the top of the larger...
hello guys.
let's analyze Gold. OANDA:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD
1. Price Action & Market Structure:
The price is trending upwards within an ascending channel, which has been a key support and resistance guide.
There are liquidity zones marked as "hunted," suggesting areas where stop-loss orders may have been triggered, causing a reaction in...
TPL Plastech - after breaking out of a Beautiful Cup and Handle Pattern above 78 levels, the price started travelling within a Parallel Channel forming repeated Cup structures (Rounding Bottom)
Today, the price momentarily broke down below the previous Rounding Bottom BO zone around 106, but took support from the bottom of the Parallel Channel and bounced nicely...
Technical Confluences:
- Price action is condolidating at the mid of downward parallel channel
- Targeting the price action to move towards the area of resistances (Interest Zones, Lower-Bound of Parallel Channel, Horizontal Trendline & 50% Fibo Retracement level)
- Elliot Wave 4 completed or will it extend and then, aim for the 100% Fibo Extension line @ 93,359...
