FinanzaEdu

FinanzaEdu

Gold shows stability at the top breaking below 1732.30 may go further down. One Can open sell position below 1752.30 Price - 1752.30 SL - 1762.80 TO - 1733.50 Happy Trading!

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Sell Gold below 1733.50 Gold on h1 chart shows berish movement may break the support that is observed by trend line. So one can take a sell call below the price mentioned. Also take care of the news/data to be released in next 2 hours or so. Happy Trading All!

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August Month closing will be more important now. Moving Down or Up will decide the new movement in trend formation can be seen! Stay tuned!

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- XAUUSD is priced below MA & Pivot Point. RSI is below 50 level. Down Trend is observed. - Upward Triangle is observed. Price is placed near bottom of the upward triangle. - For a fresh buy one can wait for breaking of Pivot Point that is 1809.48. - Alternative Scenario - It may enter intraday down trend below S2 – 18003.1. - Watch out levels for intraday trading.

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- USDJPY is above MA & above Pivot Point. RSI is above 50 level. Up Trend is observed. - Price is moving in upward channel (Major Trend Channel). Consolidation at top is also observed. - Minor Trend Channel is a downward channel. Price is placed at the top of Channel. For Buying, wait for it to break R1 – 114.912. - Alternative Scenario –Breaking downward below...

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- USDCAD above MA and Pivot Point. RSI is above 50 level mark. Up Trend is observed. - Downward Triangle and Downward Channel are formed and priced is placed near the top of both channel & triangle. Above R1 – 1.28404 new upward movement may be found. - Alternative Scenario – Trend reversal may be found below S1 – 1.27881. - Watch out levels for intraday trading.

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- GBPUSD is below MA & Pivot Point. RSI is above 50 level mark. Reversing Up Trend is observed. - Upward Channel has been formed and price has currently reversed from the top. - Flat price range band is marked with 1.33879 – 1.134163 – 1.34629. - Breaking R2 – 1.34629 may take price up to 1.34845. - Alternative Scenario – Down trend may be observed below 1.34060....

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- EUROUSD is below MA & Pivot Point. RSI is below 50 level mark. Down Trend is observed. - Upward Triangle & Downward Channel is observed and price is reversing from the top of Down Channel. - Triple Top can be observed and price has reversed from the top. - Above 1.13222 a fresh buy may be entered. - Alternative Scenario – Below S1 – 1.12942 an intraday...

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- AUDUSD is below MA and below Pivot Point. RSI is below 50 level. Down Trend is observed. - Price is following upward triangle but could not sustained above up the top trend line, reversing from here will make it move downward. - Good example for consolidation at top with narrow range is formed. - Alternative Scenario – One can wait for it to check S2 - 0.72073...

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Bank NIFTY trending up from the bottom. Check Trend lines for nearest resistence. Support if broken will continue to move down. Important Resistences are 37500 & 37800. Important Supports are 36900 & 36600.

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CNXAUTO (AUTO INDEX-NSE) has crossed 50% Fibo Level and closed above 10750. One can enter a fresh buy above 10790 important resistences are 10830 & 10925. For entering a fresh sell trade wait for 50% Fibo Level - 10750 and important supports are 10700 & 10670. Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on Tradingview.com Whatsapp -...

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CNXPHARMA (PHARMA INDEX-NSE) has completed a Trianlge pattern and shown a reversal from the bottom. Currently it is being consolidating in the narrow range. Wait for it to break 13280 for up trend. Important resistences are 13314 & 13340. Failing this will continue downward movement and one can enter sell below 13210. Important supports are 13165 & 13130. Reach...

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NIFTY INDEX is closed just at 50% Fibo Level - 17228. It has checked 61.8% Fibo Level - 17296. Wait for these levels to break for further up trend. It may continue to slide downward below 17200. Important resistences are 17300 & 17400. Important supports are 17162 & 17080 Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on...

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CNXCONSUMPTION (CONSUMER INDEX - NSE) has failed to break 50% Fibo level (6984) as shown on the chart. Be watchful, if it break above and sustain up trend will continue and important resistences are 7013 & 7045. Breaking down, 6945 level it may show downward movement and may check support of 6925 & 6905. Reach us on TradingView to get Free Access to our...

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NIFTYENERGY INDEX failed to break the top 23235 and it has formed TRIPPLE TOP pattern. Be watchful for the level of 23160, below that it may change direction to down trend. Important supports are 23090, 23045, 23000. Important resistences are 23320 & 23370. Current trend view is neutral to down trend below 23320. Reach us on TradingView to get Free Access to our...

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CNXIT (IT INDEX-NSE) has show clear up trend. Important levels to check are 35380 and 35140. One can think to enter a fresh buy above 35400 and sell below 35140. Up trend may still continue and resistence are 35370, 35600. Supports on reversal are 35000 & 34850. Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on...

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Bank Nifty has again failed to break resistence of 37000 mark. It has also formed Double Top Pattern at the same. Wait for either to break 37000 or 36700 level to decide the trend. Once broken, once can enter the trade in direction of the trend. Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on Tradingview.com Whatsapp - 91 96240 44866

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Bank Nifty on weekly chart is heading towards resistence of 36800. Still on weekly chart if it goes and test current week low then downward movement may trigger and last longer! Support comes to action for 34200