Yes bank weekly trend is up and price has taken resistance from 4 time from 922-394 zone. It has formed strong bearish pin bar on daily chart which is sign of sellers are in control now. I will wait for the price to come at 386 level for good risk reward ratio. Always book 75% at first target and trail remaining for final target.
Nifty has broken the previous life time high trend line and again took the resistance at 11050 level. this week nifty could see profit booking from strong supply zone of 11088-11150. I will sell if price comes at 11090-11120 Level with the stop loss of 11200 for the target of 10900-10800
GBPUSD formed strong bullish pin bar at Buy zone as well as channel support.Price is expected to go higher till 1.33200-1.33700 levels which is again strong supply zone. Trade at given levels.
GBPUSD has established new uptrend channel for 4hr chart but weekly trend is till down. I will wait to enter the price in supply zone for good risk reward ratio.
USDJPY trend has exhausted now. Expecting a pullback as price has taken resistance from long term fibbo level.Trade at given levels. Accumulate at 111.100-110.800 Levels for good risk reward ratio.
EURUSD has shown good strength since last two days.though weekly trend is down i will be bullish til 1.18000 levels which is strong supply zone of institutions.Trade as per given levels with the stop loss.Once you are in 50 pips profit move your stop loss to cost.
CADCHF Ready to short near the downtrend channel.
S & P has sustained at 2695 levels for more than 8 days. It is sign that accumulation of volume is happening.
Gold has sustained taken support from 1238 which is strong support on monthly chart. Daily chart and Monthly chart too formed bullish engulfing pattern which is sign of strong bullishness.
USDCHF has reacted from strong supply zone of 1.00200-1.00600. Weekly trend is down and expecting to fall more towards 0.97500-0.96500.
EURCAD is in uptrend since 29th June and now at good buy level. I am expecting to go price near to 1.53000-1.53500 zone for good risk reward ratio.
USDCAD Has strong support of 1.31200 Weekly Close below this level may drag USDCAD to lower side, But fundamentals are showing strength for USD. I am still bullish on USDCAD as medium term trend is till bullish.
GBPNZD has Formed Strong Bullish Pattern on Weekly Chart Which confirms that bulls are in control now. 1.91421 is crucial resistance on upside. I am bullish on this currency only above 1.91600 for the targets of 1.94000 and 1.95800 with stoploss of 1.89000
EURUSD is technically very strong on monthly chart. It has taken support at 1.15300-1.15200 levels for 4 weeks. Consolidation may get over this week and we can expect good upside movement for upcoming 3-4 weeks. Risk only 1% per trade.
Nifty Has been Consolidation between 10855 and 10592 since last last week of may. Fundamental strong trigger is required to boost the bulls but as of now rising Oil Prices as well as depreciation of rupee is the big concern.I am hoping that nifty will touch 11000 this series because monthly chart is still in bull trend. Best buy will be only above 10855 and below...
Pharma Index has been in downtrend since Dec 2017, but now it has shown some strength at 8800-8300 levels. On monthly chart index has formed bullish pattern which gives us confirmation for upside.Trade with the levels.
GBPUSD is strong downtrend now. this currency has broken the monthly channel to which indicates that bears are in control now. I will Short at 1.34500 which gives us best Risk to reward ratio for the target of 1.33500 and 1.31500 for this month.
Google has been in uptrend since April but now price is coming strong supply zone. I will be bearish on this stock for next week with the target of 1140,but will wait to short at 1170-1180 levels.