Gold prices continue to rise for the third consecutive day on Monday, reaching around $2,055 per troy ounce. The upward movement is attributed to the risk aversion stemming from geopolitical tensions in the Middle East. Immediate resistance is observed at the January 5 high of $2,060, with static resistance at $2,080 to be tested if surpassed. Sustained upbeat...
In the past NSE:WIPRO was in a Down Trend, thereafter a Descending Channel formed in this chart which is a Bullish Pattern. Recently price was able to create a HH in this chart which is also a signal for the beginning of a New Uptrend. And the price is currently reacting from a Trap Zone, this should ideally take the price up. The First Target is 452...
Ashoka buildcon..fundamentally stong..technically very strong what more we need to enter guys..enjoy the profit
Update for GBPJPY. The price retested a broken structure on a daily. After its test, we can see a formation of an ascending triangle pattern on an hourly time frame and a bullish flag. The resistance of the flag was broken after the market opening. We can expect a further growth on the pair at least to 185.8 ❤️Please, support my work with like, thank you!❤️
NSE:TECHM This stock has fallen a lot in the past and today broke an Important Resistance of a Consolidation. Not only that, it also created a Trap Zone on the way. This stock should go up and give us a minimum of 10 to 15% Return on Investment in quick succession.
NIFTY 50 INDEX Key highlights: 💡⚡ ✅On 15 MIN Time Frame Stock Showing Breakout of Falling Wedge Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 22040+. ✅Can Go Long in this stock by placing a stop loss below 21700-.
Nifty will be gap up opening in today's session. After opening nifty sustain above 21930 level and then possible upside rally up to 22050 level in today's session. in case nifty trades below 21880 level then the downside target can go up to the 21760 level.
Watch out for Buying at the tops, that promptly follows with selling. We are going to correct the S&P500 and other indices so be careful if you are long TSLA * UMVD is red and so is Market strength indicator. Prices are stuck under Red TrapZone*
We see Trapped buyes on the way down. Wait for Green TrapZone & Green UMVD for buying opportunities. RIGHT NOW TREND IS DOWN
Price now trapped under the RED TrapZone and UMVD also shows selling in the market. So TREND NOW is lower wait for green TrapZone and green UMVD to signal up moves
As long as Price stays below Red TrapZone we are in downtrend. Watch for Market Trapping buyers every time price pops higher. use UMVD to see this.
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level.Any Major downside only expected in case banknifty starts trading below 47450 level.also possible reversal downside 47950 level.
Both Price action analysis by TrapZone Pro and Volume analysis by UMVD points to GREEN ahead
GBPSGD's weekly price action appears cleaner than most of the other pairs I've been watching. Looking at the key levels, it appears that price is gradually recovering from the selloff initiated in mid-July. The last higher-low bottom out was in mid-October of 2023. The latest higher-low formation and breaks the upper range boundary. It's also a stronger...
Gold, or XAUUSD depending on which ticker you go by is playing around an interesting weekly level. The 2,035 level has been touched four times since 2020. August 2020: first touch and then sold off July 2022: second touch and then had a stronger selloff January 2023: third touch and then followed by a weaker selloff November 2023: fourth touch and no...
CADJPY is one of three Japanese yen pairs that I held through the weekend. the other two pairs are EURJPY and SGDJPY as they share very similar price action patterns. The selloff in December 2023 seemed short-lived to me so I found an opportunity to enter long earlier this month. My best guess for the selloff is the collective premature anticipation of interest...
Looking for the right place for Long Position. What do u think?
End of correction DXY... what do u think about dollar index?