rakeshreddym

rakeshreddym Jan 13

HDFC Bank trading at support level and demand zone ,previously it spent lot of time in this area before taking off from ,1600 keep checking price action here to long for the target of recent highs long term hold. Education purpose only do your own research before taking entries.

rakeshreddym Jan 13

Sail testing the breakout area of 100, Jan 2024 break out area.Looking good for long in bullish trend and in rising parallel channel. Target 125,150,175,200 long term hold. Educational purpose only do your own research before taking entries.

rakeshreddym Jan 13

Suzlon looking good to long here price is trading at 52 week low area of 50, now at cmp is 56 can long here if comes down bit one can add more and hold for the targets of 70,80 and 90 even 100 long term hold. Educational purpose only do your own research before taking entries.

rakeshreddym Nov 11, 2024

Nifty Analysis for This Week Current Market Sentiment: Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be activated, signaling a potential 10% correction in the coming days. Key Levels to Watch: Support Levels: 24,000 – 23,800: This range represents critical support. If Nifty sustains above this...

rakeshreddym Updated  Apr 15, 2024

Nifty is in rising channel pattern now at top of the channel if 22800 rejects or a gap down opens and sustains below 22650 Nifty can see 22550-22500 levels.Market is overbought a dip and resumes uptrend in my view. Support are 22650-22675,22550-22500,22420,22380. Resistance are 22800,22870,22900,22950,23000. Note:-Mentioned Support&Resistance levels can act as...

rakeshreddym Updated  Apr 12, 2024

Banknifty support and and resistance levels. Support:- 48800,48650,48500,48300 Resistance:-49050,49150,49350,49500 Trend is still bullish on macro and micro timeframes but market is overbought here, a retrace to support areas expecting and then resumes uptrend if any of the supports held. Note:-Mentioned Support and Resistance levels can act as reversal...

rakeshreddym Updated  Feb 17, 2024

SPX from current level formed a double top and with history of price aciton repeating weekly RSI oversold a confluence with double top ,Fed hinting a rate cut all giving a sign of fall with 15 percent fall it will test 4100 area ,25 percent will test 3600 area. My view is not to go long any negative price action here on current level short market can hold until...

rakeshreddym Updated  Feb 15, 2024

Gold is in upward channle lower high and higher high steps, currently stuck in a 30 point range of 2030 to 2060 area , low it is getting support and highs taking resistance. any voilation of this range in case lows gets voiltated it will test 2000 and in case of high (2062) it will test 2100 and above level. Until proven otherwise play the extremes of this...

rakeshreddym Updated  Feb 12, 2024

Bitcoing Support and Resistance levels If same pattern follows another 5 k to 6k upsdie is possiblel,last time november to december consolidated breakout rallied now it is forming same pattern consolidating since trend is bullish anticipating a 5k to 6k upside from current levels.Only if 41500 area voilates it may further go down but that has to seen with price...

rakeshreddym Updated  Jan 18, 2024

EUR/USD currently testing the support area from where it rallied to high's of 1.10000 area good risk reward to long here.

rakeshreddym Updated  Dec 9, 2023

Gold is looking good to buy on dip this current level resistance been tested quite few times now getting weak and V shape recovery pattern can move 20 to 30 points higher from here,1990 below sustains longs are invalid it might test lower level supports if helds on them resumes uptred.

rakeshreddym Updated  Dec 5, 2023

BTC at resistance now which is tested 4 times now making it weak ,if breaks this resistance and held we might see 40k in comming days.

rakeshreddym Updated  Nov 25, 2023

Gold S&R levels for this week once the trend line for uptrend broke it changed the course now 1900 area is the mid point it will test, if holds may consolidate between 1900-2000 if breaks it will test lower levels of 1850-1830 area again.

rakeshreddym Updated  Nov 1, 2023

Gold gave good break today over 2000 need to see price action here previously it fell from same levels but now with this israel and hamas issue it may go higher levels from here any dip can bought out this is my view on it .

rakeshreddym Updated  Oct 28, 2023

BTC is in range of 6200 points since mid of march 31 k above and 25 k below is the range.It gave good break out of trend line with good green daily candle expecting it to test the resistance level of 31k area soon that is range high area also.

rakeshreddym Updated  Oct 15, 2023

US 100 approaching multiple resistances ahead 15050 rejection area and 14950 below shorting options only above 15100 sustains one can look for long option till 15300 area that is next resistance area. Expecting it to test 14800 area one more time if held it will resume uptrend voilates it more fall till 14600 area may test.

rakeshreddym Updated  Oct 9, 2023

Naturall Gas Long on break out there is gap around 4 area expecting it to fill from Lows it made lower high looking good to long option.

rakeshreddym Updated  Oct 9, 2023

Gold levels 1835 above sustiains can long till Targets of 1840,1845,1850,1855 and 1830 below short till targets of 1824,1814,1808. Price still in lower range of bracket of (1830 to 1811) if breaks out and sustains in upper bracket (1835-1855)range look long options.