AMITDANGI

AMITDANGI

GBP-CHF MAY FORM BEARISH FLAG ON HOURLY CHART. CURRENTLY IT IS IN CONSOLIDATION PART OF FLAG. IF IT MANAGES TO BREAK DOWN CONSOLIDATION, PAIR MAY GO DOWN UP TO 1.2055 (TARGET-1) AND 1.2030 (TARGET-2). PROTECTIVE STOP LOSS CAN BE PLACED AT 1.2130.

AMITDANGI

KOTAK BANK IS MAKING COMPLEX PULLBACK AT PREVIOUS STRUCTURE AROUND INR 1850 MARK. WHICH MAY TURN INTO BULLISH CYPHER FORMATION ON CHART. TRADERS CAN LOOK TO LONG ON KOTAK BANK ACCORDING TO FOLLOWING NUMBERS: REASON FOR ENTRY: BULLISH CYPHER FORMATION BUY ENTRY: INR 1852 TO 1805 STOP LOSS: INR 1776 TARGET-1: INR 1920 TARGET-2: 1960 LONG TERM TRADERS/INVESTORS...

AMITDANGI

GBP-USD IS IN RETRACEMENT AFTER HIT MULTI YEAR HIGH AROUND 1.3700 MARK. PAIR FORMED BULLISH CHANNEL SLOPING DOWN SIDE (FALLING CHANNEL) DURING LAST WEEK OF DECEMBER-2020 TO FIRST WEEK OF JANUARY-2021. WHICH WA SUGGESTING THAT PAIR MAY RETRACE IN NEAR FUTURE. FINALLY WE BROKE AND CLOSE BELOW CHANNEL ON 04-JANUARY-2021. TARGET AS PER FALLING CHANNEL IS BEGINNING/LOW...

AMITDANGI

CDSL CHART HAS FORMED HEAD AND SHOULDERS FORMATION ON HOURLY CHART. CHART HAS BROKE AND CLOSED ABOVE NECK LINE. CURRENTLY CHART IS TAKING SUPPORT AT NECKLINE WHICH WAS RESISTING BEFORE BREAK. SO, THERE IS MORE CHANCE THAT WE MAY ACHIEVE TARGET AS PER HEAD AND SHOULDERS FORMATION OF INR 566 TO COMPLETE HEAD AND SHOULDERS FORMATION. SINCE THIS IS BULLISH FORMATION...

AMITDANGI

TATA MOTORS HAS FORMED BULLISH CHART PATTERNS ON DAILY AND H-1 TIMEFRAME, THERE ARE MULTIPLE CONFIRMATIONS WHICH SUGGESTS STOCK MAY RALLY UP TO INR 200 MARK IN MEDIUM TERM (1 MONTH). DAILY CHART DAILY CHART HAS FORMED ASCENDING TRIANGLE ON DAILY CHART, WHICH HAS GOT CLEAR BREAKOUT TO THE UP SIDE, SUGGESTS IT MAY RALLY FURTHER TO THE NORTH. HOURLY CHART...

AMITDANGI

HDFC CHART IS TRADING AT PREVIOUS DAILY STRUCTURE AREA WHICH HAS PLAYED IMPORTANT ROLE (SUPPORT & RESISTANCE MULTIPLE TIMES) FOR STOCK IN PAST. CURRENTLY STOCK HAS FORMED RISING CHANNEL AT SAME SIGNIFICANT LEVEL AND ALSO GOT RSI BEARISH DIVERGENCE, WHICH SUGGESTS THAT HDFC STOCK MAY FALL FROM HERE (CMP- INR 2328). SELL ENTRY: INR 2,330/- STOP LOSS: INR...

AMITDANGI

AUD-CAD HAS BEEN ON BEARISH TREND (STARTING POINT AT BEGINNING OF AUGUST-2020). CURRENTLY CHART IS IN PULLBACK / RETRACEMENT PHASE, WHERE IT IS ALSO FORMING BEARISH BAT PATTERN ON H-4 AND HIGHER TIME FRAME. WHICH GIVES US SELL OPPORTUNITY AT PREVIOUS STRUCTURE RESISTANCE. ADVANCED PATTERN COMBINED WITH CURRENT TREND ADDS MORE CONFIRMATION TO BEARISH TRADE. SELL...

AMITDANGI

AUD-USD PAIR MAY FORM HEAD AND SHOULDERS FORMATION ON H-1 CHART, COMPLETIOIN POINT OF WHOLE HEAD AND SHOULDERS FORMATION LYIENG NEAR SUPPORT STRUCTURE OF 0.7050.

AMITDANGI

RELIANCE IND CHART HAS FORMED BULISH GARTLEY FORMATION AT PREVIOUS STRUCTURE AND JUST ABOVE PSYCHOLOGICAL MARK OF INR 2100. WHICH GIVES US SWING TRADING BUY OPPORTUNITY. BUY ENTRY: INR 2112 (BULLISH GARTLEY PATTERN) STOP LOSS: INR 1998 TARGET-1: INR 2197 TARGET-2: INR 2263 IF TRADERS FIND FAVOURABLE BULLISH CONDITION ON CHART, THEY CAN HOLD LONG POSITION UP TO...

AMITDANGI

EUR-USD HAS FORMED BEARISH BAT FORMATION ON H-4 CHART, WHICH GET COMPLETION AT 1.1842. THIS KIND OF ADVANCED PATTERN FORMS WHEN MARKET TRADES ON SIDEWAYS (CONSOLIDATION). AS WE CAN SEE EUR-USD IS TRADING IN LOT OF SIDEWAYS RANGE IN H-4 AND HIGHER TIME FRAME SINCE BEGINNING OF AUGUST-2020. BEARISH BAT PATTERN ONE OF SUCH ADVANCED PATTERN HAS GOT FILLED AT 1.1842 ON...

AMITDANGI

AMAZON STOCK IS TRADING IN DOWN TREND IN MEDIUM TERM (SINCE BEGINNING OF SEPTEMBER-2020, CREATING LOWER LOWS & LOWER HIGHS). CURRENTLY CHART IS FORMING PULL BACK TO THE UP SIDE WHICH MAY TURN IN TO BEARISH BAT FORMATION ON H-4 AND H-1 TIME FRAME. WHICH WILL GIVE US SELL OPPORTUNITY NEAR PREVIOUS STRUCTURE RESISTANCE. USD 3300 ROUND FIGURE MARK ALSO ALIGNS WITH...

AMITDANGI

BAJAJ FINANCE STOCK MAY FORM HEAD AND SHOULDERS FORMATION ON HOURLY CHART. CURRENTLY CHART HAS REACHED AT NECK LINE OF POTENTIAL HEAD AND SHOULDERS FORMATION. WHICH MEANS NEXT MOVE SHOULD BE RETRACEMENT TOWARDS FORMING RIFHT SHOULDER AROUND INR 3200 (EVEN HANDLE NUMBER). AGGRESSIVE TRADERS CAN PLACE THEIR LIMIT ORDER ABOVE INR 3200 MARK, WHERE AS CONSERVATIVE...

AMITDANGI

AUD-USD CHART HAS BEEN ON WATERFALL SINCE BEGINNING OF THIS WEEK. PAIR IS TRADING AT ICE ZONE (PREVIOUS RESISTANCE ACT AS SUPPORT), WHICH MAY AGAIN ACT AS STRONG SUPPORT AND PAIR MAY GET SOME RELIEF. LOOK TO ENTER LONG ON HIGHER HIGH HIGHER CLOSE CANDLE ON H-4 CHART, RSI IS ALSO OVERSOLD AT CURRENT LEVELS WHICH MAY ADD CONFIRMATION TO OUR BULLISH TRADE BIAS....

AMITDANGI

NZD-USD IS TRADING AT HIGHEST OF YEAR 2020. AUD & NZD HAS BEEN STRONGEST SINCE MARCH-2020 AMID BROAD US DOLLAR WEAKNESS. STILL NZD-USD IS NOT SHOWING ANY SIGN OF WEAKNESS. ON DAILY CHART. PAIR HAS BEEN APPROACHING HIGHS OF 2020 BUT PACE OF BULLS IS GRADUALLY REDUCING AFTER EACH SWING HIGHER. ON H-4 CHART PAIR HAS FORMED BEARISH BAT FORMATION WHICH COMPLETED AT...

AMITDANGI

GBP HAS SHOWN EXTENDED WEAKNESS THIS WEEK. WHICH HAS CREATED MANY LONG TERM TRADING OPPORTUNITY FAVOURING SHORT GBP ACROSS MANY COUNTERPARTS. ONE OF SUCH IS EUR-GBP BUY OPPORTUNITY. WHICH HAS WHICH HAS GOT STRONG DAILY SUPPORT AT 0.8860 AND GOT SHARP BOUNCE FROM THERE. IF PAIR MANAGES TO CLEAR 0.9175 WITH CURRENT SWING WITHOUT ANY RETRACEMENT, WE MAY PREDICT THAT...

AMITDANGI

ALL GBP PAIRS HAVE BEEN ON STRONG BULLISH TREND SICE VERY LONG ON DAILY CHART. GBP-JPY HAS BROKE AND CLOSED ABOVE IT'S PREVIOUS DAILY STRUCTURE RESISTANCE AT 139.70. WHICH INDICATES PAIR MIGHT GO FURTHER UP TOWARDS FEBRUARY-2020 HIGHS OF 144 AND ABOVE. YESTERDAY'S CANDLE ON DAILY CHART FORMED BEARISH PIN BAR, WHICH SUGGEST THAT THERE MIGHT BE SOME PROFIT BOOKINGS...

AMITDANGI

PAIR HAS BROKE PREVIOUS DAILY STRUCTURE HIGH OF 31-JULY-2020 AND CURRENTLY MAKING COMPLEX PULLBACK. IN THE PROCESS OF DOING SO CHART MAY FORM POTENTIAL HEAD AND SHOULDERS FORMATION ON HOURLY CHART. IN ORDER TO COMPLETE HEAD AND SHOULDERS FORMATION ON HOURLY CHART EUR-JPY MAY RETRACE UP TO 125 MARK. WHAT IS ALSO THE PREVIOUS STRUCTURE RESISTANCE (MIGHT ACT AS...

AMITDANGI

AFTER ENJOYING ALL TIME HIGHS RECENTLY, GOLD RETRACES TO THE BIGGEST LOSS OF SEVEN YEARS. YELLOW METAL CHART MAY FORM CLASSIC REVERSAL PATTERN HEAD AND SHOULDERS . CURRENTLY CHART IS TRADING AT NECK LINE AREA OF PATTERN, WHICH MAY PUSH LITTLE BIT HIGHER FOR FURTHER DECLINES TOWARDS THE TARGET OF $ 1800 (MEASURED MOVE AS PER HEAD AND SHOULDERS FORMATION. LOOK FOR...