GOLD PRICE TECHNICAL ANALYSIS ( DAILY CHART )Fiday’s pullback in Gold price from near 8-day highs of $2,048, the path of least resistance still remains to the upside.
The daily technical setup for Gold price will continue to favor bullish traders so long as the 14-day Relative Strength Index (RSI) indicator holds above the midline and the price manages to defend the 21-day Simple Moving Average (SMA) at $2,016.
A daily closing below the latter could fuel a fresh decline toward the 50-day SMA at $1,982. However, the $2,000 threshold could
Bullish Patterns
IDEA : Best trading opportunity in penny stock Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Flag & Pole
📌 Symbol/Asset: IDEA
🔍 Description: Stock has continuosly making patterns. And all are bullish patterns
Stock has just given breakout of Flag & Pole and now it has retested the same levels.
We can see huge momentum if 13.50 levels is not broken.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
WIPRO Ltd., 20% ROI, Right time to invest.Right time to invest.
fundamentally good.
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Entry:425
target:435 / 459 / 531
stoploss: 415
major stoploss/ support: 399
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Enter conservatively after "425"
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IT stocks are going to boom.
long term investment; min 20% return.
huge potential is there.
Long term holding ;
if you are interested in invest NOW, go for it with small risk,
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. more than that "WIPRO". , is fundamentally good.
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.refer our old idea attached below
CRUDE OIL Intraday TargetsCRUDE has fallen a lot to the 70 levels. We have seen some relief today
Downside : if breaks the Trendlyne with closing below 70 then we can see the day low and if breaks the the day low then 67.40 is possible
Upside : If 15 minute candle closes above 70.49 then we can see good upside with Targets 71.50 and after that 73.00
X
You will earn 30% Swing Pick (1-3 Month apx)
LYKA LABORATORIES (LYKALABS) – {CMP-124.9}
Technically Very Strong💹
(Refer Chart)
Target🎯: 30% Upside expected
SL : 105 (15% Apx)
Disclaimer🙏 : This is not a Buy/Sell advice. We share what we do. Only for educational purpose. Consult your financial advisor before investing.
Bitcoin Bearish Pattern So ready for $31500 ?Bitcoin Analysis Update
Current Status: Near Parallel Channel Resistance
Bitcoin is currently hovering near the parallel channel resistance, with a range between $40,500 and $41,000. The recent price action resembles a rising wedge, suggesting a potential bearish move if the $41,000 level faces rejection.
Anticipated Reversal Scenario:
If the price rejects from the $40,500-$41,000 range, we may witness a bearish trend. The initial stop is projected at $37,500, and a second stop at $32,0
Daily Bullish Flag Pattern BO in ELECON ENGGIntroduction:
Elecon Engineering Company Ltd. was established in the year 1951 as The Pioneers in the manufacturing of Industrial Geared motors and Reducers, Material Handling Equipment, Mining equipment, casting processes etc. Elecon is one of the largest manufacturers of Industrial Gears in Asia and Material Handling Equipments.
The expertise in the successful production of custom gearboxes for steel mills, high-speed turbines, naval aircraft
CSB BANK : Technical AnalysisCSB Bank 2023
Simply pointing some point to study the CSB Bank chart.
1. Simply in a uptrend zone.
2. Broke the previous high.
3. Above 50 EMA.
4. forming higher high and higher low.
5. bullish for long.
6. Risks & Rewards (2:1)
Conclusion:
My analysis shows potential strong bullish run.
I am not a sebi registered analyst. My studies are for education purposes only.
Is TCS looks Weak? My answerQ: Do you think TCS looks weak on chart?
My answer is "NO" as far as chart is concerned. Remember, it must have nothing to do with the fundamentals.
As you can see in the Monthly charts of TCS, their isn't a "single low broken" since March 2020. Let's analyze each Month's lows.
Mar 2020: Rs 1506.05
April 2020: Rs 1650
May 2020: 1865.20
June 2020: 1981.10
July 2020: 2079.50
Aug 2020: 2216.45
Sept 2020: 2241.30
Oct 2020: 2492.30
Nov 2020: 2600.05
Dec 2020: 2624.45
Jan 2021: 2879
Feb 2021: 2880
M
Nifty 50 Bullish above 14700_ Major hurdle 14760_ Lifetime high?Please read each point carefully:
1. Nifty 50 tested 14650 levels around 7 times
2. I am expecting bullishness above 14700 (It must sustain above 14700 for at least 10 minutes). Just look at 16th April candle, it didn't even sustained for 5 minutes.
3. I am expecting "huge bullishness" above 14760 (Because, it break the previous lower highs and recent highs)
4. I am expecting Nifty 50 to test its life time high again ✌ after breaking those important levels. There are some corona related reason
PRISM JOHNSON - CUP AND HANDLE ☕Prism Johnson Limited is amongst the largest integrated building materials companies in India, with a wide range of products, namely cement, ready-mixed concrete, tiles, sanitaryware, and bath fittings.
It has just completed a perfect cup and handle pattern . It has given BO of 160 level which is a major resistance of this stock since 2018. Stock approached this level in 2022 but failed to give a breakout of this level.
This breakout is backed by strong Q2 results which are very impressive
Bullish Momentum in Britannia Industries - Identifying a potential bullish momentum in Britannia Industries with key indicators signaling positive trends:
1) Sideways Breakout:
Over the last 3 months, Britannia has broken out of a sideways trend, indicating a potential shift in momentum.
2) RSI Caution:
While the Relative Strength Index (RSI) is around 65, suggesting strength, caution is advised as it approaches overbought territory.
Smart Money Breakout:
The Smart Money Breakout indicator has demonstrated a winning probability of























