Technical Analysis of Borosil Ltd. (BOROSIL) - Daily Chart ?? ? Analyzing the price movements of Borosil Ltd. on the daily chart! Chart Overview: The chart displays the stock's price movement within a consolidation phase, highlighting critical technical indicators and levels for potential trading opportunities. Key Levels and Zones: ? Current Price: ₹407.05 Support and Buying Zones: ? First Buy Zone: ₹399 - ₹387 ? Second Buy Zone: ₹355 Target Zone: ? Price Range: ₹504 - ₹519 Stop Loss: ? Price: ₹332.95 (on failing the Golden retracement zone) ? Chart Analysis: Wave Patterns: The chart indicates a pattern of waves A, B, and C. ? Wave C: An intermediate completion zone is marked, suggesting potential bullish movement. Golden Retracement Zone: The gray area represents a critical support level for Wave B, indicating a possible price reversal. Demand Zone: The demand in the extended retracement zone suggests significant buying interest, enhancing the potential for an upward price movement. ? Trade Plan: ? Entry Point: Consider entering a long position within the First Buy Zone (₹399 - ₹387) . Alternatively, consider the Second Buying Zone (₹355) for a deeper retracement entry. ? Target: Aim for the Target Zone (₹504 - ₹519) . ? Stop Loss: Place a stop loss at ₹332.95 to manage risk effectively. Conclusion: The chart highlights crucial support and resistance levels, with potential entry and exit points for traders. Monitoring the price action within these zones can provide profitable trading opportunities with a favorable risk-reward ratio. ? Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct thorough research and consult a qualified financial advisor before making any investment decisions. #Borosil #TechnicalAnalysis #TradingPlan #StockMarket #Investment
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 156 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 156 support and resistance area. Trade safe, Joe.
Technical Analysis of Astral Ltd. (ASTRAL) - Daily Chart ? Overview: The daily chart of Astral Ltd. reveals a sideways trading pattern with prices consolidating within a defined range. Here's a breakdown of key technical levels and potential trade setups: Key Levels and Zones: ? Current Price: ₹1,711.00 Support and Buying Zones: First Buy Zone: ₹1,686 - ₹1,709 Second Buy Zone: ₹1,545 - ₹1,488 Target Zone: Target Price Range: ₹2,083 - ₹2,140 Stop Loss: Price: ₹1,440 (on the daily chart) ? Chart Analysis: Wave Patterns: The chart identifies a series of wave patterns, including: Wave A: Marks the initial low point. Wave B: The subsequent high following Wave A. Wave C: Indicates a lower point after Wave B, completing a corrective wave pattern. CHoCH (Change of Character): Marks a potential reversal or significant change in trend, indicated at critical levels. Deep Retracement Zone: The area between ₹1,645.60 and ₹1,545.55 acts as a strong support level, highlighting a potential accumulation zone. Volume Bars: High-volume bars at the chart's bottom indicate increased trading activity. Projected Price Movements: Green trend lines show potential upward price movements and corrections, aligning with the wave structure. ? Trade Plan: Entry Point: Enter a long position in the First Buy Zone (₹1,686 - ₹1,709) . Alternatively, consider the Second Buy Zone (₹1,545 - ₹1,488) for a deeper retracement entry. Target: Aim for the Target Zone (₹2,083 - ₹2,140) . Stop Loss: Place a stop loss at ₹1,440 to minimize risk. Conclusion: Astral Ltd.'s daily chart highlights crucial support and resistance levels, offering potential entry and exit points. Traders should carefully monitor price action within the defined zones to seize profitable trading opportunities with a favorable risk-reward ratio. ? Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct thorough research and consult a qualified financial advisor before making any investment decisions. #AstralLtd #TechnicalAnalysis #TradingPlan #StockMarket #Investment
UMA ~ 1W #UMA retest this support block,. And still continues to maintain its bullish structure. If you still have Conviction on this coin,. This support block will be a good buying place for now.
December the 17th I sent out a warning when BTC was $106,549. So far it’s playing out like it should. Always look at both sides of the coin. We are looking at a possibility of a 20% to 25% more downside to that 70k to 75k area for a bounce. This is not something that will happen over night. It will take a little time. Big thing to keep an eye on is how this monthly candle closes. If it closes leaving this large wick at the top it shows us that the sellers have over powered the buyers and a reverse down to those levels is likely. Be patient, no emotions. This isn’t a game it’s a serious business. Happy trading and good luck.
Gap up opening expected in nifty above the 23850 level. After opening if it's sustain above this level then expected movement upto 24000 level. 23700-23850 levels are the consolidation zone for nifty. Any major downside expected below the 23700 level.
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 164.90, which is an overlap resistance. Our take profit will be at 162.56, an overlap support close to the 23.6% Fibo retracement. The stop loss will be placed at 166.69, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Gold extended its rally yesterday, breaking through the 2630 level and reaching near 2640 before pulling back to retest the breakout zone. Currently, gold appears to be trading within an uptrend channel, with potential to target the 50% Fibonacci retracement level of the previous decline, around 2655. During the Asian session, consider buying gold near the 2628-2630 zone. For selling, it's advisable to wait for a confirmed market decline to ensure a safer entry.
Today will be gap up opening expected in banknifty. Possible banknifty will open near 51500 level. After opening if banknifty starts trading and sustain above 51550 level then expected further bullish rally upto 51950+ level in opening session. Below 51450 downside movement expected upto 400-500 points. 51050 level act as a strong support for the today's session. Any major downside expected below the 50950 level.
AR ~ 1W #AR If you still have Conviction on this coin,. Buy gradually within this support block,. with a short term target of at least 20%++