TCS ASCENDING TRIANGLE BREAKOUT AND RISING WEDGE FORMATIONMarket analysis: Tata consultancy has broken the ascending triangle pattern structure in weekly time frame and formed a rising wedge in daily time frame. Also it has formed a double top in daily time frame. So we can wait for the market to break the neckline to start turning bearish. Can execute trades after the wedge or neckline breakout.
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ICICI BANK NEAR HEAD&SHOULDER BREAKOUT!!!MARKET ANALYSIS: The pair is now trading near the head and shoulder pattern, neck line support. If the market is able to break the neckline we can expect a huge downward fall towards the next support level at 225 level. So lets wait and see what the market does in the coming weeks. Cheers!
EUR/USD IN A CONSOLIDATION MARKETMARKET ANALYSIS: The pair is now trading inside a sideways market, With the support of a previous week major level. If the market is able to sustain below the daily support which was broken, we can expect the Euro-dollar to reach the weekly support again. So lets wait and see what the market does in the coming days. Cheers!
USOIL INSIDE THE WEDGE SUPPORT, WAIT FOR A BREAKOUT!MARKET ANALYSIS; As we can see from the charts, The market is now trading inside a Falling Wedge Pattern. After the successful completion of the Elliott wave structure, It has formed a wedge pattern. Now it is better for us wait for the market to break the wedge resistance, Then we can go for a buy and have a target's to the next supply zone. So lets wait and see what the market does in the coming weeks. Cheers!
Vedanta-Double Bottom Near Demand ZoneMarket Analysis: The pair is now trading near the demand zone. Now it has formed a double bottom near the zone level. If the market is able to break the resistance and closes above 295. We can go for a long with a target of 315. So let's wait and see what the market does in the coming days. Cheers!
Bitcoin Nearing Targets(Huge impulse ahead!!!) MARKET ANALYSIS: The pair is now trading near a channel support and demand zone level's. If the market is able to sustain above the demand zone we can expect a market to reach the next target towards the 19,000$ level. If market breaks above it can reach 22,800$. So wait for the impulse and the buyer to be back in the business. Cheers!
BITCOIN ON MAJOR CHANNEL SUPPORT AND DEMAND ZONE LEVELS!!!MARKET ANALYSIS: The pair is now trading near a channel support and demand zone level's. If the market is able to sustain above the demand zone we can expect a market to reach the next target towards the 19,000$ level. If market breaks above it can reach 22,800$. So wait for the impulse and the buyer to be back in the business. Cheers!
NIFTY GET READY FOR A HUGE UPTREND(BULLS ARE BACK!!!)MARKET ANALYSIS: After a week of bear runs, Now the market has reached the demand zone and will be reaching the supply zone soon. If the market is able to break the supply we an see a next rally to the higher demand zone near the 10800 level. So lets wait and see what the market does in the coming days. Cheers!
GBPUSD NEAR THE TREND-LINE SUPPORT AGAIN!!!MARKET ANALYSIS: The pair is now trading near the trend line support. Also it has broken the next resistance zone . If the support holds on we can see a huge rally to the next possible demand zone . So lets wait and see what the market does in the coming weeks. Cheers!
GOLD STRONGER THAN BEFORE, GET READY FOR A BULL MARKET!!!MARKET ANALYSIS: Gold is now trading in a uptrend, with a trend-line support below it. It has tested the 3rd time on the trend-line, Now its a good place to buy the market. There is a minor supply zone, If the market is able to break it, we can reach the 1350 zone in couple of weeks. So let's wait and see what the market does in the coming weeks. Cheers!
EURUSD STILL BULLS ARE IN CONTROL!!!MARKET ANALYSIS: The pair is now trading near the demand zone . Now after the completion of the head and shoulder pattern, We can see a double bottom which has been formed now. If the market sustains above the double bottom level. We can expect a uptrend early. In case demand breaks wait for the market to reach the 61.8% level then can enter a long position again. So lets wait and see what the market does in the coming days. Cheers!
GBPUSD NEAR THE TREND-LINE SUPPORT!!!MARKET ANALYSIS: The pair has reached the trend-line support for the third time now. Also the previous demand zone is supported with the trend line. If the trend-line and the demand zone holds on we can expect a uptrend to the next major resistance at 1.36000. So lets wait and see what the market does in the coming days. Cheers!
AUDUSD TRAINGLE RESISTANCE BROKEN, BULL MARKET AHEAD!!!MARKET ANALYSIS: The pair has broken the triangle resistance and is now broken the supply zone. Now after the successful retest of the broken supply level. Now the market may give a new higher and move to the next major resistance. So lets wait and see what the market does in the coming days. Cheers!
USDJPY INSIDE A SYMMETRICAL TRIANGLE!!!MARKET ANALYSIS: The pair has been trading inside a symmetrical triangle pattern. Now the market is inside a consolidation range. Once if the support breaks and resistance holds on. We can have a huge bear market to the support of the triangle support. So lets wait and see what the market does in the coming days. Cheers!
EURUSD LONG TERM BULL MARKET AHEAD!!!MARKET ANALYSIS: The pair has broken the big consolidation area which has been there for around 28 months. Now since the market has broken the long range bound market, we can expect a new high to the next channel resistance near the 1.25000 level. Before that there is resistance near the 1.22000 level, So have a look on that. So lets wait and see what the market does in the coming months. Have a good day and good trades. Cheers!
USOIL CHANNEL RESISTANCE REACHED!( GET READY FOR HUGE IMPULSE )MARKET ANALYSIS: The pair is now trading inside a descending channel . As of now the current scenario shows that the market reached the channel resistance. So 4 hr candle gives us a better confirmation for shorting, We can go for sell trade setup. So lets wait and see what the market does in the coming days. Cheers!
XAUUSD INSIDE A ASCENDING CHANNEL(HUGE IMPULSE AHEAD)MARKET ANALYSIS: The pair has been trading inside a ascending triangle and has reached the channel support now. After the fake-out now the market has come back inside the channel support. Now this is a possible sign for the market to turn bullish. Now there is a mid level resistance. Once it breaks it will reach the channel resistance. So lets wait and see what the market does in the coming days. Cheers!
TATA POWER INSIDE DESCENDING CHANNELmarket analysis: The pair is now trading inside a descending channel and is now reached the channel support followed by a huge bullish engulfing candle. If the support holds on we can expect a moment to the channel resistance.
Long term scenario: The market is trading inside a huge descending triangle. It has reached the resistance. If the resistance holds on we can see a very high bearish market ahead. So lets see what the market does in the coming days. Cheers!
EURUSD INSTITUTIONAL WAY OF TRADING!!!MARKET ANALYSIS: As we can see from the current market scenario the pair has broken a long consolidation which was lasting for the past 30 months has been broken. Now the market is moving towards the next possible supply which is accompanied by a a long term descending channel resistance.
As we can see from the 4hr chart the market is making a good higher high and higher lows. So the possibility for a trend continuation is seen clearly. The best trade setup would be to go with the market trend. Cheers!
USOIL INDISDE A DESCENDING CHANNELMARKET ANALYSIS: The pair is now trading inside a descending channel. As of now the current scenario shows that the market tends to reach the channel resistance. So once we reach the resistance and the candle gives us a better confirmation for shorting, We can go for sell trade setup. So lets wait and see what the market does in the coming days. Cheers!