FLAG
✅DXY BEARISH BIAS|SHORT🔥
✅DXY is trading in a rising
Channel which also happens
To be a bearish falg and the
Index is trading below the
Horizontal resistance level
Of 103.6 so IF we see
A bearish breakout from the
Flag then the price will
Go further down
SHORT🔥
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NIFTY IN SUPER BULLISH MODE READY TO BULLISH INDIA
NIFTY SPOT TARGETS UPDATED
TARGETS BASED ON MONTHLY CHART - BULLISH FLAG WITH CUP AND HANDLE PATTERN. FOR EDUCATIONAL PURPOSE
Tgt 1 : 20243± (SHORT TERM)
Tgt 1 (A) : 21132± (SHORT TERM)
Tgt 2 : 22465± (LONG TERM - Maximum by Dec 2024)
Tgt 2 (A) : 25598± (LONG TERM - Maximum by 2026)
Tgt 1 & Tgt 2(A) tracking From 31/08/2022 when Nifty spot was trading at 17759.
Tgt 1(A) & Tgt 2 tracking From 01/06/2023 when nifty was trading at 18579.
Note : The above is my personal view based on chart pattern and shared it for educational purpose only.
In between ups and downs are quite common. Market will test us by some dips. No Gain without Pain.
Tgts get invalid when Nifty spot closes below 15000
If any Changes in the chart pattern I will share it during that time.
Used Support, Resistance, Chart Pattern and My Eyes as an Indicator.
Chances of hitting the tgt based on Chart Pattern 70 - 80%
Rest MARKET IS SUPREME.
Let's see how Market Behaves.
STAY INVESTED & ENJOY THE RALLY
EURGBP → Formation of a pre-breakout consolidationFX:EURGBP a week earlier forms a break of the resistance of the descending price channel. A consolidation of 0.86000-0.85400 is forming. We see consolidation at the resistance. What to expect from the price?
Most likely, the price will continue to test resistance 0.86067. Pre-break consolidation is forming, which can be interpreted as another attempt of price exit from the range, followed by the strengthening of the currency pair.
Moving averages are beginning to narrow and if the conditions are favorable, they may soon form a signal that confirms the intention of the market to change the trend.
A breakout at 0.8606767 will send the price to 0.86722, but if the breakout does not happen, correction to the trend support will be formed.
Resistance levels: 0.86067, 0.86345, 0.86722
Support levels: 0.85725, trend support
The market is showing good dynamics and consolidation confirms the intention of the buyers. I am waiting for breakthrough of resistance with the subsequent growth.
Regards R. Linda!
🔥 Bitcoin New Yearly Highs: It Was Just A Bull Flag!As of a few moments ago, BTC has officially broken through the 31,000 resistance, which was established all the way back in April. This officially brings an end to ~70 days of selling and bad market conditions.
With the Bitcoin dominance in break out mode, this is still just a bitcoin-only party. Let's see how the alts will react. Nevertheless, this is a great time to be in the market.
As explained in my Elliot Waves analysis, I'm currently expecting BTC to see more bullish pressure. Target is the 36.5k - 40k area.
🏅GOLD - The spring is compressingGold continues to decline under resistance control within the range. The price from 1945 forms a small pullback that could touch resistance, but everyone is waiting for a fall in priority.
TA on the high timeframe:
1) The dollar index is in a bullish rebound phase. It is likely that after a small stop, the dollar's rise could continue, in which case the price of gold could fall
2) We see a strong pressure on the market. The sellers are strong enough, gold is not able to go through the resistance
TA on a low timeframe:
1) Price is under resistance area. The nearest high, which might make the market nervous, is around 1967. A false breakout of this area is possible.
2) In the future, judging by the high timeframe, I expect a continuation of the fall with the possibility of breaking through 1939-1940.
3) Now the rebound to the resistance is formed, we watch the price reaction. A false break-through will be a strong signal
Key resistance📈: 1960, 1967
Key support📉: 1950, 1940
EURCAD I Potential bearish flag breakout Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
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GBPCAD I Potential breakout coming soonWelcome back! Let me know your thoughts in the comments!
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PRAJ INDUSTRIES FLAG WHICH RISE AGAIN flag pattern breakout on weekly chart pattern similar like my old script may be that took 3 to 6 month for breakout but when that range break that 395 share reached 600 double in any quarter non risky trade can wait for 350 risky trader can make entry now on 395 to 400 and if that go down so average on bottom that trade sure shot double in next recent time mark my words that perform well like my other script
PRAJ INDUSTRIES
USDJPY I Potential upside and CPI Report ForecastWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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EURNZD I Bullish flag and continuationWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
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GOLD-USD| CONTINUATION |LONG SETUP|ONE HOURGOLD-USD is moving in BULLISH direction from last few hours. The bullish movement remain to continue as the price is steadily RISING and the Relative Strength Index (RSI) is synced with the price action thus bullish momentum of GOLD-USD may be gaining its momentum.
In addition, Bullish Flag Continuation Pattern can be also seen at ONE Hour Time frame.
Based on above, it appears that the GOLD-USD can take a bull run from the ENTRY Price mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE level.
The Risk to Reward Ratio is suggested 2% of the total portfolio.
Best of Luck..
GBPCAD I How to trade it following BOC Rate ReportWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
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KOPRAN - A SWING AS WELL AS POSITIONAL TRADEHELLO FRIENDS,
Here I am sharing my view on KOPRAN LTD (NSE) which is showing bullish bias on the chart.
The stock was in downtrend since December 2021 following the downtrend as Lower Highs and Lower Lows pattern but now the stock has broken this pattern and started doing Higher Highs and Higher Lows which depicts the change or trend to uptrend from downtrend.
It has given breakout of downward sloping Trendline in Weekly time frame.
All the supporting indicators as showing bullish bias on the chart of which snapshots are given below.
Weekly trendline breakout with good intensity of volume
In Daily Time Frame, Stock has given the breakout of FLAG and POLE Chart Pattern in which we calculate first target as same as the size of pole.
Price at the time of breakout is Challenging Upper Bollinger Band
Directional Movement Index is also showing strong Bullish Bias
Price is Trading above 50DEMA, 100DEMA and 200DEMA
MACD in Daily Time Frame - Positive Crossover
MACD in Weekly Time Frame - Positive Uptick
RSI in Daily Time Frame - Positive uptick and above 60 - a bullish sign
Conclusion-
overall stock is bullish on chart, one can enter this stock as swing or positional trade following strict Stop Loss.
Disclaimer-
I am not SEBI registered analyst.
My studies are for educational purpose.
I am not responsible for any kinds of your profits and losses.
please consult your financial advisor before investing your money.