MTNL after few weeks of consolidation is again trying to regain prior highs. The stock is bouncing from 0.382% fibo levels and has given a close above prior resistance levels. Looks prime to attain recent highs in coming weeks.
Disclaimer- Only for education purpose.
Overall higher timeframe structure is bullish, we will join the buy continuation once price pullback to create a higher low after sweeping sellside liquidity
Entry: with price at or slightly above 178.34
Volume: with volume greater than 272.5k. This stock trades too thin for my liking.
Target: 193.42 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 178.34 & target of 193.42, a stop at 174.57 gets you...
OANDA:XAUUSD Gold is hovering around the 20-Day Simple Moving Average, at $1945. A clear daily close below will add to the negative outlook. Conversely, if it tries to sustain above, XAU/USD might continue to move sideways. A solid break above $1980 will bring control to the bulls.
Support levels: 1,942 1,932 1.915
Resistances: 1,953 1,966 1,974
The main...
BOIL the 3x Leveraged ETF of natural gas futures has been highly volatile. Volatility yields high
profits if there are good entries and trade management. This past Friday BOIL was doing a
reverse split ( 20 shares become one) which I considered to be an opportunity for high profit
because a higher number of traders would have eyes on the chart.
The 15-minute...
OANDA:EURUSD I expect EUR to consolidate in the 1.0850/1.0950 range. EUR traded between 1.0855 and 1.0910 before closing slightly lower at 1.0865 (-0.010%). The fundamental tone has softened somewhat and EUR is likely to drop lower today, but any decline could be part of a lower range of 1.0839/1.0895. In other words, a clear break below 1.0845 is unlikely.
Next...
OANDA:AUDUSD AUD/USD refreshes the intraday high near 0.6666 as it bounces off key short-term support to record its first daily gain in three days early Monday. In doing so, the Aussie pair also justifies the recovery of the RSI line (14) from the oversold zone.
It is worth noting that the bullish MACD signals also support a reversal from the two-week-old...
TVC:GOLD Gold prices increased their bid to refresh the intraday high near 2,035$ early Thursday, reversing the previous day's retracement from a one-month-old horizontal resistance. Precious metals benefit from broad US Dollar weakness.
The XAU/USD pair maintains a neutral to bullish view in the daily chart. The pair is growing above all of its moving averages,...
EUR/JPY has printed consecutive bearish sessions breaking last year's high of 148.48, extending its losses past the 18-day Exponential Moving Average (EMA). The evening star three candlestick pattern shows that further downtrend is expected. But the Relative Strength Index (RSI) indicator remains bullish, while the 3-day Rate of Change (RoC) depicts the momentum...
Stock is in nagetive trend and forming a descending triangle pattern if break 2482 stock can go upto 2435
If pullback show up contra trade can be executed above 2500 and target should be 2520 and 2534
GANESH BENZOPLAST
Stock with 70%+ returns last year
Near it's ATH
Pattern observed : Ascending channel on weekly chart (Perfect pattern)
Seems to be a buy above 180 as it breaks the channel on weekly chart
Target : Around 230
Also :
Observed RSI Divergence on 1D chart so can go for short if fails to break the resistance
Target : 145-140
--But Adding small...
Hey traders, so I talked about all the trades I took today. I have a new spread-sheet. Check it out..
also, let me know how your week was.
If you like my idea and videos, leave a like, comment, a nd follow me for more.
Cheers,
Lazyluchi
Lessons From This Week's Trade:
1. Always wait for your setup
2. Divergences can be tricky. P.s: Next video explains this.
Watch the video below to understand my view
The market is currently in an uptrend but, I can't really take trades because of the issue no daily higher-lows and the rising wedge forming so soon. However, this week, I took just a...
See Picture for full Top-Down Analysis:
Higher Timeframe:
-Price high on 4hr sideways range so selling is a higher probability
-Buy Low with confirmation on lower-frame confirmation and sell high with confirmation on the lower timeframe.
Lower timeframe:
-Price broke upward Trend Line.
-Price Removed Pivot Point Demand Zone
-Rally Base Drop Created
-Sell...
