In this live trading session video,we look at the BRTUSD trade that got recently stopped out for a small loss on the 100k traders challenge account. We also look closely at the drawdown and why this is happening according to the strategy characteristics on both 50% OE and 20% OE strategy. Finally, we explore on what we should do about this by looking at 3...
With todays price action we see a nice rejection off the falling trend line resistance. US data pushed price for a possibly breakout only to run into resistance and break back down to continue downwards. Price is now forming a bearish triangle pattern with support currently being tested. The plan? - Hold for break of this key level of support - Wait for a...
Suprajit Engineering , renowned for its excellence in automotive cable manufacturing, stands as a stalwart in the industry, poised for potential growth and value appreciation. Let's delve into the technical factors guiding this promising swing trading opportunity. Reasons are listed below : A notable breakout has occurred, as the stock successfully breaches...
Varroc Engineering presents a compelling case for a potential swing trade, backed by several key indicators. Reasons are listed below : After multiple tests, Varroc Engineering broke through the crucial 500 level and is now retesting it, indicating a potential shift in market sentiment. A doji candlestick formation on the weekly timeframe and a bullish...
A potential swing trade opportunity in Redington Ltd , a leading distributor of technology products and supply chain solutions. Reasons are listed below : The stock has broken above a significant resistance zone of 180-190, and it has successfully retested this level, indicating potential upward momentum. Redington Ltd recently broke out of an ascending...
A potential swing trade in Finolex cables , a prominent figure in the cable manufacturing sector. Reasons are listed below : The stock bounced convincingly from the strong support level of 850, indicating solid buying interest at this price point. A hammer candlestick on the weekly timeframe signals a potential reversal, suggesting a shift from bearish...
Rallis India , a leading player in the agrochemical sector renowned for its innovative solutions and commitment to sustainable agriculture, showcases promising potential for swing trading amidst favorable technical indicators. Reasons are listed below : After multiple tests in the 270-290 zone, Rallis India has finally breached the resistance, signaling a...
The technical analysis of V-Guard Industries suggests a compelling swing buying opportunity. The reasons are listed below : The stock has successfully breached a significant resistance zone at 270-280, showcasing potential for an upward trend continuation. The presence of a robust bullish engulfing candle on the weekly timeframe, coupled with the stock...
Uno Minda , a leading automotive components manufacturer, stands out as a compelling candidate for investors. Reasons are listed below : Multiple tests on the 600-630 levels followed by a breakout, now undergoing retesting, indicating a significant market shift. Identification of a bullish "morning star" on the daily timeframe and a bullish "hammer" on the...
Page Industries presents a compelling investment opportunity, supported by both technical indicators and robust fundamentals. Reasons are listed below : Technical strengths : The psychological level of 35,000 has shifted from a resistance point to a strong support level, reflecting market confidence in the company's prospects. The formation of a hammer...
Consider a promising swing trade opportunity in Jubilant Ingrevia , a leading player in the specialty chemicals industry. Reasons are listed below : Breakout from Strong Resistance : Successfully breaking through the 500-520 resistance zone after multiple tests, indicating potential bullish momentum. Bullish Marubozu Candle : Strong buying momentum signaled...
The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI , presenting astute investors with the possibility of capitalizing on potential gains. Reasons are listed below : Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough. Stock is in...
A potential swing trade opportunity in Cyient , a leading global engineering solutions provider, renowned for its innovative approaches and commitment to sustainability. Reasons are listed below : The stock is currently retesting the significant resistance level of 1800, which historically served as a strong barrier. This retest could indicate a potential...
Gold is still trying to operate above its $2,300 base price after Thursday's wild swings, with the market focusing particularly on non-farm payrolls data to be released on this trading day. ADP jobs data exceeded expectations in April and March data was revised upward, suggesting the US labor market remains strong and stable. The gold market's focus has shifted...
🔍In today's market, we witnessed a minor downturn as the support at 6115 was breached, signaling a brief downward trajectory. However, a significant bounce occurred at the first critical support level of 56708, indicating a corrective move towards the upside. As anticipated in the previous analysis, a rejection from 66480 validated the dominance of sellers,...
EUR/USD witnessed a significant rebound on Thursday, returning to the upper end of recent consolidation above the 1.0700 level as market sentiment stabilized ahead of another US Nonfarm Payrolls Friday. The pair faces initial resistance at the weekly high of 1.0750, followed by key levels such as the 200-day SMA at 1.0798 and the April peak of 1.0880. On the...
Gold prices are still limited in a narrow range as traders prefer to stay on the sidelines. Bets on Fed rate cuts will revive USD demand and act as a headwind for metals. Investors are now waiting for the FOMC decision and US macro data before placing directional bets. Gold prices are likely to fall back to the area of 2,305 USD/ounce, losing all the gains...
Market news and reviews After the Federal Reserve kept interest rates unchanged for the sixth time and announced it would slow down the pace of balance sheet shrinkage, gold prices rose sharply above the $2,300/ounce mark and held above this important price level, At the same time, it also achieved the target adjusted increase in publishing the previous issue sent...