Dear traders! EURUSD corrects previous losses following yesterday's CPI news. That can be seen compared to the session that broke out of the 1.0800 resistance level and reached 1.0852. But overall, the reaction at the 1.0852 resistance area brought the market quickly back to the important support area and formed a classic (bullish) pattern. At the time of...
Dear traders! GBP/USD edged lower on Thursday amid increased USD-inspired buying interest. The mixed technical setup warrants some caution before positioning for deeper losses. Before the weekend as long as the daily close above the 1.2800 mark will set the stage for a further upward move. In the short term, GU is likely to gain further upside but a close below...
Today, we are analyzing Tesla on the daily chart. After surviving the stronger sell-off at the 78.6% retracement level and avoiding the stop loss, we have witnessed a bullish divergence, which led to a significant upward push. Starting from the end of Wave (1), Tesla left this wave with a breakout gap downward. This breakout gap has not been closed yet, and we...
We've neglected Gilead Sciences for a while, but it's time for an update. Unfortunately, our entry looking back wasn't ideal, as the stock has fallen below the 61.8% retracement level. It found support just below the 78.6% level, which marks the bottom of our range. This level was precisely touched, and we saw a relatively good movement upward from...
BUY ABOVE - 49890 SL - 49670 TARGETS - 50100,50250,50550 SELL BELOW - 49670 SL - 49890 TARGETS - 49530,49290,49050 NO TRADE ZONE - 49670 to 49890 Previous Day High - 50250 Previous Day Low - 49670 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 23400 SL - 23370 TARGETS - 23500,23600,23700 SELL BELOW - 23370 SL - 23440 TARGETS - 23300,23230,23150 NO TRADE ZONE - 23370 to 23440 Previous Day High - 23500 Previous Day Low - 23370 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
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...
Consider a promising swing trade opportunity in Central Depository Services Limited (CDSL) , a leading securities depository in India, facilitating the holding and transfer of securities in electronic form. Reasons are listed below : Breakout from Strong Resistance at 2000 : CDSL has successfully broken above a significant resistance zone at 2000, with a...
Affle India , a global technology company specializing in mobile advertising, is showing technical patterns that suggest a potential swing trading opportunity. Reasons are listed below : Ascending Triangle Pattern : The stock is forming an ascending triangle pattern, a bullish continuation pattern that indicates increasing demand and the potential for an...
Ashok Leyland, one of India's leading commercial vehicle manufacturers, presents a compelling opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : The stock has formed a cup and handle pattern, indicating a potential bullish continuation. This pattern suggests a brief consolidation followed by a breakout, typically leading to an...
Sapphire Foods , a leading player in food and beverage industry, emerges as a potential swing trade candidate. Reasons are listed below : Ascending triangle pattern breakout observed, suggesting potential bullish continuation. Bullish engulfing candle on the weekly timeframe, engulfing the previous 13 weekly candles, indicating a strong bullish reversal. ...
Today, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity. Reasons are listed below : KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential...
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...
💹 Let's dive into this Layer 2 coin, update our previous analysis, and examine new entry triggers together. 🌟 Weekly Updates: Starting from Monday to Wednesday, we'll cover , Monday: Bitcoin and Dominance analysis , Tuesday: Ethereum and ETH/BTC analysis , Wednesday: Gold analysis These are in addition to our daily analyses. 🎉 Channel Milestone 500 Followers:...
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...
Zensar Technologies , a global IT services provider specializing in digital transformation and technology solutions, is showing strong technical signals for a potential swing trade. Reasons are listed below : Head and Shoulder Pattern : This classic reversal pattern indicates a potential shift in trend direction. A completed pattern and subsequent breakout...
Sunteck Realty , a prominent real estate development company, is showing technical indicators for a potential swing trading opportunity. Reason are listed below : Multiple Tests at 500 Zone : The 500 level has been tested multiple times, indicating strong resistance. The price is now attempting to break through this level, suggesting strong bullish momentum. ...
Intellect Design Arena , a leading financial technology company, presents a potential swing trading opportunity based on several technical indicators. Reasons are listed below: Breakthrough and Retest of Resistance Zone (850-880) : The 850-880 range was a significant resistance zone. The price has broken through this level and is now retesting it, indicating a...