Weekly breakout in JM Financial. A channel pattern breakout and limited stoploss.
Both OANDA:USDJPY and OANDA:USDCAD has similar view, Short opportunity also on usdcad, I'm looking forward to price to test and validate the resistance zone at price 1.34940 , then before going short.
After three weeks of consolidation, USDJPY finally erupted, driven by the NFP release. This impulsive move respects the 90% rule. However, the recent price action has formed a double top pattern, suggesting a potential reversal to the downside. Based on the technical setup and potential reversal, I am biased towards a short position on USDJPY. I'm anticipating...
HDFC LIFE INSURANCE COMPANY LTD Key highlights: 💡⚡ 📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 717+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 860+. 📈 Can Go Long in...
CHAMBLE FERTILISER LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Downtrend Channel Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 401+. ✅Can Go Long in this stock by placing a stop loss below 359-.
Nifty will be gap up opening in today's session. After opening nifty sustain above 21970 level and then possible upside rally up to 22090 level in today's session. in case nifty trades below 21920 level then the downside target can go up to the 21800 level.
Good stock Good fundamental Good RR Whatelse u want to trade Enjoy......
While everyone has been running away from AMC I've been running towards. I think yesterday we may have seen the last squeeze on AMC price. Today AMC showing a strong revesal patern on the 4hr hr chart. Could AMC be making its turn. Earnings coming up in FEb so i guess we will know more than but for now let's just see if the investors feel the same as i do...
Hi Traders! EURUSD is in a descending triangle, and there is a possibility of a break below the trendline support. Here are the details: The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline at 1.07237. Preferred...
EURCAD recently broke out of a wide-ranging consolidation zone between 1.4400 and 1.4650. The breakout was followed by an upward impulse move, reaching a high of 1.4620 before pulling back slightly. The current price is testing a key resistance level around 1.4570. A rejection at the current level could lead to a pullback towards the previous support area around...
HCL TECHNOLOGIES LTD Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 1660+. ✅Can Go Long in this stock by placing a stop loss below 1595-.
MAX FINANCIAL SERV Key highlights: 💡⚡ ✅On 1Hour Time Frame Stock Showing Breakout of Parallel Channel Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 950+. ✅Can Go Long in this stock by placing a stop loss below 890-.
NIFTY 50 INDEX Key highlights: 💡⚡ 📈 On 15 MIN Time Frame Stock Showing Reversal of Falling Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 21884+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 22140+. 📈 Can Go Long in this stock by...
Nifty will be gap up opening in today's session. After opening nifty sustain above 21780 level and then possible upside rally up to 21900 level in today's session. in case nifty trades below 21750 level then the downside target can go up to the 21630 level.
Though the volumes are low, the weekly pattern is looking good once the breakout happens.
Happy New Month Friends and it's a beginning of another week for we all. TODAY'S Forecast on OANDA:GBPAUD Last week we experience a progression of price in the favor of the bulls which is as a result of the technicality(The nature of the market). The pair has been printing the impulse correction nature. Currently price is in the correction phase to make...
Hi guys In my opinion, this compression movement can be broken upwards, considering the positive divergence of the RSI in the four-hour timeframe and maintaining the support zone. But the approval has not yet been issued. If the $88.75 resistance area is fully consumed, the above scenario will be strengthened. What do you think?
NSE:NMDC in the past was in a severe downtrend, then it created the first Bullish Pattern known as a Falling Wedge. Most often falling wedges change the trend and that can be seen in this chart also. Price has started creating Higher highs and Higher lows which is a signal of the beginning of an Uptrend. Hence the expectation is price should continue its...