shroffakshar

shroffakshar May 16

Following strong buying momentum observed yesterday, gold is currently consolidating within a falling wedge pattern — a typically bullish setup. A breakout from this pattern could trigger a fresh upward move in the price of gold. Post-Breakout Bullish Targets: Target 1: 3230 Target 2: 3240 Target 3: 3250 Target 4: 3275 Disclaimer: This is a...

shroffakshar May 2

As we mentioned last week, gold was consolidating on the 4H time frame. After the breakout, all our projected targets were successfully achieved as of yesterday. Currently, gold is forming a bullish flag pattern on the 4H chart — a continuation pattern that often signals the potential for further upside. If gold sustains above the 3275–3280 zone, we may see...

shroffakshar Apr 29

Gold is currently in a consolidation phase, trading within a range of $3,280 to $3,360. We are closely monitoring for a breakout in either direction. Based on current technical analysis, there is a higher probability of a downside breakout below the support level of $3,280. If this support is breached, we may see the following downside targets: Target 1:...

shroffakshar Apr 24

After two days of selling pressure, we may start to see renewed buying interest in gold today. On the 1-hour and 2-hour charts, a Head & Shoulders pattern had formed and was broken to the downside, with a successful retest confirming the breakdown. However, despite this bearish setup, gold managed to hold above the key support zone of 3305–3306, indicating that...

shroffakshar Apr 18

Daily Time Frame Analysis: Bitcoin (BTC) has recently broken out of a descending trendline on the daily chart, signaling a potential shift in momentum. Following the breakout, BTC has entered a consolidation phase, lasting for the past 7–8 days. Short-Term Outlook: In the near term, BTC may either: Break out to the upside from the current consolidation zone,...

shroffakshar Apr 16

Bitcoin is in consolidation since last couple of days. Once channel will be broken upside, we can buy Bitcoin with target Target 1 : 86000 Target 2 : 87000 Target 3 : 88000 Target 4 : 89000

shroffakshar Aug 26, 2024

XAUUSD has been following a trendline on the 30-minute time frame. Despite multiple attempts, it has been unable to break its all-time high. This suggests that there may be a shift toward a bearish trend for gold this week. A potential trade strategy could be to sell XAUUSD below 2518, with a stop loss at 2532 and a target of 2485.

shroffakshar Aug 26, 2024

We have observed a trendline breakout in Bank Nifty. Based on this breakout, one can consider planning a long position with the following targets: Target 1: 51,500 Target 2: 51,800 Target 3: 52,000 Target 4: 52,500 Important Note: If this breakout turns out to be a fake, the index may sharply reverse and move downwards.

shroffakshar Aug 25, 2024

BTC / Bitcoin is in Bullish Flag Pattern. It seems it will break ATH Soon One can enter BTCUSDT after Bullish Flag Breakout till Target 1 : 70000 Target 2 : 72000 Target 3 : 74000 Target 4 : 76000 Target 5 : 78000 / 80000

shroffakshar Aug 25, 2024

BTC / Bitcoin is in Bullish Flag Pattern. It seems it will break ATH Soon One can enter BTCUSDT after Bullish Flag Breakout till Target 1 : 70000 Target 2 : 72000 Target 3 : 74000 Target 4 : 76000 Target 5 : 78000 / 80000

shroffakshar Feb 9, 2023

Finally BTC is out of its consolidation period and it seems on breakdown it may go further down today. Sell BTC with yesterday's low as Stoploss.

shroffakshar Jan 24, 2023

Banknifty daily time frame forming a symmetrical triangle pattern. Above 43100 we may see banknifty bullish with first target 43500

shroffakshar Jan 23, 2023

Buy GBPJPY @161.500 With Target 1 : 161.700 With Target 2 : 161.900 With Target 3 : 162.300 SL - 161.200

shroffakshar Updated  Jan 21, 2023

IDEA - 4 Buying USDCAD with T1 - 1.34850 , T2 - 1.34950 Stoploss - 1.34542 To reduce loss you can also close trade on Trendline breakout. Ratio - 1.78

shroffakshar Updated  Jan 21, 2023

You can sell gold now CMP 1929.50 with Target Price 1- 20 pips Target Price 2 - 40 pips Target Price 3 - 60 Pips For risky traders SL - 1931.50 For Safe Traders SL - M15 Candle Closing Above 1930.0