💥Gold prices (XAU/USD) entered a bearish consolidation phase and hovered near their lowest level in more than a month, below the $2,300 mark. 💥The widely known Nonfarm Payrolls (NFP) report showed that the world's largest economy created more jobs than expected in May, forcing investors to cut bets on the round. interest rate cut in September by the Federal...
Daily Time Frame: Key Points: Breakout Confirmation: The stock has decisively moved past its 4 years long resistance, confirming the breakout. Volume Surge: Accompanied by high trading volume, indicating strong market interest. Target Potential: Eyeing a 50% upward move based on technical analysis. Why This Matters: Momentum: Breakouts like this often...
Hi guys It seems that we have an upward channelized trend. And currently, the ceiling of the RSI negative divergence channel has also been issued. The support area of $17.24 is still preserved. Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward...
Cyient , a global engineering and technology solutions company, is displaying technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : 1700 Support Zone : The 1700 level has been established as a strong support zone, providing a solid base for potential upward movement. Double Bottom Pattern : The formation of a...
Avanti Feeds , a leading manufacturer of shrimp feed and prawn processor, is showing technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : Multiple Tests at 600-650 Zone : The 600-650 level has been tested multiple times, indicating it as a significant resistance zone. The price is now attempting to break through...
Price Action and MACD seems to be forming a Convergence Divergence. Price Action has also started making new Higher High and Higher Low Pattern. A Candle seems to have formed in the Weekly candles too indicating good support for the stock. If all is well, the stock could go to its next leg up. MACD Cross has still not completed. It could indicate if the Trend will...
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. ...
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...
Balaji Amines , a leading manufacturer of specialty chemicals, is showing promising signs for a potential swing trade. Reasons are listed below: Crucial Support Zone (1850-2000) : The 1850-2000 range has proven to be a strong support zone, indicating significant buying interest and potential for a price rebound. 0.618 Fibonacci Support : The price has found...
Consider a compelling swing trade opportunity in Indraprastha Gas Limited (IGL) , a leading natural gas distribution company in India. Reasons are listed below : Attempt to Break Triangle Pattern : IGL is attempting to break out of a triangle pattern, indicating a potential shift in market sentiment and the beginning of a new trend. Bullish Marubozu on Daily...
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...
Five Star Business Finance, a leading NBFC (Non-Banking Financial Company) providing small business loans, is showing promising technical indicators for a potential swing trade. Reasons are listed below : 750-780 Levels Tested Multiple Times : The 750-780 levels have been significant resistance zones. The price is again attempting to break through these...
Prestige Estates , a leading Indian real estate developer, is showing a compelling opportunity for a swing trade. Reasons are listed below : Breakthrough of Resistance Zone : The 1350-1400 range had been a significant resistance zone, but the price recently broke through and achieved a weekly close above it, indicating a strong upward momentum. 0.5 Fibonacci...
Hi guys For now, the trend is fluctuating between the two ranges. If the support area of $3.0488 is completely consumed, the possibility of the continuation of the downward trend and the touching of the medium-term uptrend line will be strengthened. At the moment, it seems that the weight of the downside scenario is more. What do you think?
💥Gold reacted strongly at the 2385 resistance zone as traders waited for the important US Nonfarm Payrolls report. Gold prices continued to rise and hit a 2-week high as US bond yields fell after Latest labor report. Published data showing signs of "cooling down" in the US labor market have reinforced the possibility that the US Federal Reserve (Fed) will cut...
This video dissects the recent market trends and economic data that have been impacting the Pound Sterling and the US Dollar. Last Friday, data revealed a positive turn in UK house prices for May, following a couple of months of decline. However, all eyes were on the report on US inflation, which significantly influenced price movements. The Pound Sterling (GBP)...
It seems that according to the maintenance of the upward trend line (we do not have a LL on the price chart), if the resistance range of $8.7 is completely consumed; The probability of the continuation of the upward trend similar to the scenario is high. If this specified resistance area is not completely consumed, we expect a downward trend and the bullish...
Hi guys Tangent with the medium-term uptrend line, in the lower time frames, a head and shoulder pattern is formed at the end of the downtrend. The support areas are also well preserved so far; Provided that the previous price floor is maintained, and the resistance range of $0.831 is consumed, we expect an upward trend similar to the scenario.