The technical intricacies of NAUKRI (INFOEDGE) indicate a promising buying opportunity. This is a very good buying opportunity for such a fundamentally strong stock. Reasons are stated below : The 5015 levels experienced repeated testing before the price successfully breached them. Presently, the market is undergoing a reevaluation, with the price in the...
Aegis Logistics , with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation. Breakout and Retest : After multiple...
Here is my latest structure analysis for USDCAD. Vertical Structures: Vertical Support 1: Rising trend line Horizontal Structures: Support 1: 1.3664 - 1.3682 area Support 2: 1.3590 - 1.3627 area Support 3: 1.3547 - 1.3570 area Support 4: 1.3420 - 1.34920 area Resistance 1: 1.3777 - 1.3804 area Resistance 2: 1.3828 - 1.3846 area Consider these structures...
Dear traders! Overall, after Wednesday's surge, EUR/USD retreated and recorded large losses on Thursday. The pair came under pressure on Friday and traded at its lowest since early May, slightly below 1.0700. At the time of writing, the price is stable at 1.0702. The overall outlook from the market remains bearish as the pair continues to trade in a tightening...
Hey dear traders! GBP/USD benefited from selling pressure surrounding the US Dollar (USD) in the second half of Monday and posted modest gains. However, the pair is unlikely to hold above 1.2700 and the technical outlook suggests the bearish bias remains unchanged in the near term.
If we take a look at ALTcoin market cap with ticker OTHERS, which excludes top 10 cryptocurrencies, we can see it retesting April lows due to lower ALTcoin dominance. But, the wave structure looks corrective, so it’s clearly in a higher degree wave 4 correction. Ideal support comes around 38,2% Fibonacci retracement and base channel resistance line, so around 200B...
Consider a potential swing trade opportunity in Craftsman Automation . Reasons are listed below : Strong Support at 3700-3800 : The stock has established a solid support level in the range of 3700-3800, formerly a resistance zone, indicating a significant shift in market sentiment. Bullish Hammer Candlestick : A bullish hammer candlestick observed on the...
Trade setup : Bearish breakout from Sideways Channel ($0.80 - $1.00), below $0.80 and $0.70 support, confirmed the downtrend. However, price is now very oversold (RSI < 25) just as it reached $0.70 support and could see a bounce up near-term back to $0.80. Pattern : Price is Oversold at Support . This trading strategy finds assets that are oversold (RSI < 30)...
Hindustan Composites Ltd has been showing consistent up move and it has recently given a handsome breakout at Fibo level 0.50. Moreover, it is showing a consistent increase in its order book with the major buyer being Indian Railways. It is also trading below its 5-year average PE ratio. All these factors help us conclude that the stock is a good buy at the...
Hello Guys, Dr Morepen Labs is a nice small-cap stock and it has been showing consistent up-moves on higher time frames. The stock is trading below its 5-year average PE. Moreover, this is a debt-free company. Based on this quick techno fundamental analysis, I believe it can reach INR 60/- and INR 75/- in 6 months.
Today's focus: USDCAD Pattern – Continuation Support – 1.3715 Resistance – 1.3780 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at USDCAD on its daily chart. Looking back at price, we have evidence that a continuation is trying to form. After the first break higher, which broke out of the move lower, we saw consolidation, which...
Analysis: Chart Patterns: Cinemark Holdings, Inc. (CNK) is currently displaying a Cup and Handle pattern, indicating a potential bullish continuation. Additionally, there is a possible Bull Flag pattern forming. Breakout Potential: A breakout from the handle or the flag could lead to significant upward movement. Target Price: Estimate target prices based on the...
Hey Traders, in today's trading session, we are monitoring XAUUSD for a buying opportunity around the 2315 zone. Gold is trading in an uptrend and is currently in a correction phase, approaching the trendline at the 2315 support and resistance area. Fundamentally, today's CPI data was soft, coming in below expectations with both core and headline inflation at 3.3%...
If she breaks to the upside, a minimum 100% expansion of the break our price range, we can see #bitcoin make it to $95,000 area. 2 expansions will put bitcoin at $125,000 plus price range area.
The Japanese currency continuesly doping down From march of 2020. Now in 4H timeframe already Rebound from 704.1 level. But still not tread breakout confirmation. Within next week I expect all JPY pairs will fall down to retest the above support area. However still have FVG Between 718 - 120 levels.
#GBPUSD Next week..! After ending Friday the pair broke the 4H support level 1.2712 - 1.2703 area. Currently running between the Decending Channel. Next week the price will retest the above resistance area. Once the bear market is retested. Wait for selling the gbpusd as a swim trader. Scalpers can get selling in 1.27014 to 1.2657 level. *My expectation not suggested.
#XAUUSD Next week..! This week gold reached the resistance zone 2238.00 - 2241.00 area. And pull back to 2295.00 level. Already pullback with the trend line and i Expect gold will be ready to retest the 2281.00 -2286.00 support area. If unfortunately broke the current resistance I expected the price will make a bullish movement and will reach for 2368.00 -...
#XAUUSD Next week..! This week gold reached the resistance zone 2238.00 - 2241.00 area. And pull back to 2295.00 level. Already pullback with the trend line and i Expect gold will be ready to retest the 2281.00 -2286.00 support area. If unfortunately broke the current resistance I expected the price will make a bullish movement and will reach for 2368.00 -...