hey guys , COFORGE stock is showing signs of UPTREND, this stock was moving in a fixed downtrend , 2-3 weeks before this stock has crossed it's RESISTANCE and broke the DOWNTREND AREA . After breaking that area , the stock has retested But instead of going into a straight uptrend , this stock started to follow a pattern called TRIANGLE PATTERN and now this...
hey guys , just found a good stock to talk about , HDFC BANK was moving in a great downtrend . This stock was following a pattern called DESCENDING TRIANGLE 📐 PATTERN previously also , this stock has tried to cross his resistance and to break hi pattern, but it FAILED and it resulted to BULL TRAP for TRADERS but now this stock has again broke his...
HUL building up momentum. Thanks to lockdown opening up, HUL seems to be gearing up for a big target. Strong volumes around 2525 suggest institutional buying. Long HUL above 2525 with Volume and strength for target of 2690 / 2850. A small SL @ 2470. Great RR ratio. Close above 2525 with volume and strength looks high probability for mentioned target.
DXY - USD Dollar Index could change Long RR Ratio >3:1
A long position Aud/Usd offers an excellent RR-ratio at this time The pair is close to support of previous lows around 0.725 and a turnaround or continuation of the current bullish scenario could target previous highs above 0.7430 The pair has held just above 76.4% Fibonacci retracement level of the previous move up and this is not an uncommon level for this...
The risk-off sentiment surrounding the markets at the moment seems in favor of Nzd and Aud Nzd/Chf has a nice setup: Price is rejecting lows around 0.6260 This level is also 61.8% Fibonacci Expansion target on the 4 hour chart This level is acting as a support area and a possible target for Nzd/Chf Above the target we see a bullish engulfing candle has...