Analysis of Laurus Labs Ltd. Chart (Weekly Timeframe) 1. Channel Trend & Breakout Upward Channel: The chart shows a clear upward trend within a rising channel, starting from around mid-2022 and continuing into late 2024. Breakout: The price has just broken out of the upper boundary of the channel near the ₹500 level, suggesting potential bullish momentum. A...
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Short GBPJPY Entry: 136.810 SL: 138.680 Clean, Simple, Concise. That's how I like my charts. Price has been trending downwards. Despite price gapping lower and making a new low, price came back to cover the gap. This was to be expected as gaps are generally covered. This provided me for a re-entry to go with the trend. I currently see price forming sort of a...
Buy EURUSD Entry: 1.11305 SL: 1.11110 TP1: 1.11599 TP2: 1.11754 Price made a new higher low and is now above EMAs. MACD looks to also cross above the 0 level and set to enter bullish territory. Risk reward isn't exactly attractive for me, so i'm risking a small amount on this trade. TP is determined by Fibo retracements as seen on the chart. Cheers. Please do...
1st Short AUDUSD Entry: 0.71635 SL: 0.7215 TP: 0.7020 Short order was triggered yesterday after market pulled back to the descending trendline resistance (dotted line). Market however surpassed this line and seemed to be heading for a bullish breakout... However, it reacted just nicely below the resistance at 0.71852 (thick neon blue line) to form the right...
Short AUDUSD Entry: 0.71635 SL: 0.7215 TP: 0.7020 R/R: 1:3 Market reacting below descending trendline resistance. Also, MACD forming a bearish sell signal and reversing Market now below 13-period EMA
Price expected to move sideways for the next 1 to 3 weeks. Stay neutral between 1236.50/1238.00 and 1183.15. Only surpassing above resistance at 1236.50/1238.00 will we see a further rise on price. Else, a break below support at 1183.15/1180 will we see further drop on price. RSI shows little upside potential coming close to descending trendline resistance....
Long with low conviction (+) Buy on dips above 1.119 Stop Loss: 1.110 Take Profit: 1.157 Weekly Market is testing descending wedge pattern support with 1.119/1.120 as a key support level. 21RSI is holding above 33.5% support level where price has been shown to react/bounce before (as indicated by arrows), however still below the 50% level. 1.119/1.120 key...
Long with good conviction (++) Buy on dips above 3020 Stop Loss: 2960 Take Profit: 3350 Weekly Price reacted above 2960. RSI also reacted above support where in the past price has bounced before. RSI also surpassed descending channel resistance. Daily Price and RSI shows a weak bullish divergence RSI also testing 50% level. 2960.00 is the key support level...