Tradeception_

Tradeception_

1. Dollar Index has broken down from support. Just touched 200 EMA on weekly chart. 2. Close to end of decline or more room left? 3. What if the Federal Reserve has to cut rates sometime in the next 12 months? Things to think about. ❤ or follow?

Tradeception_

1. IndiaVix closes at its lowest value since 27 Dec 2019. Closing value on that date was 10.5250, latest close is 10.6825. Will we see a break below that value? 2. Market making new highs, avoid fresh longs. ❤ or follow?

Tradeception_

SPX had been respecting an upward channel since the October 22 lows. It has reached the top of that channel again. Time to correct or breakout?

Tradeception_

Points to note: 1. Bearish RSI divergence on the NIFTY daily chart. 2. Bearish engulfing formed. 3. Above average bearish volume. Consolidation or reversal possible. Avoid fresh longs. ❤ & follow for more.

Tradeception_

DR REDDY has been trading cleanly in a channel. Price takes support at the bottom and gets rejected at the top. Will it face rejection again or breakout of the the channel this time?

Tradeception_

BSE weekly chart, price has reached the 700 zone for the third time. Was rejected twice from here in 2022. Successful breakout could eventually lead price to 950. Don't rush in, buy only on pullbacks, retests after breakout. Boost & follow for more.

Tradeception_

JSW Energy approaching trendline. Weekly RSI closed above 60 for the first time after Sep 2022. Will it breakout of the pattern?

Tradeception_

City Union Bank weekly chart, price has made a lower low, RSI has made a higher low. Bullish Divergence, could lead to consolidation or reversal. The down trend could end now. Keep watch. Boost & follow for more.

Tradeception_

After arriving at the 200 EMA, Gold has made a bullish RSI divergence on the daily chart. This could act a possible consolidation area or serve as the beginning of a fresh up move.

Tradeception_

If we get a weekly close above 83, it would be a breakout of an ascending triangle pattern. One could expect a rally after a successful breakout. Also important to watch if weekly RSI closes above 60.

Tradeception_

After getting rejected thrice from the 2735 level in the past one year, Hindustan Unilever has finally given a breakout.

Tradeception_

Oberoi Realty has hit the 1000 price level multiple times on the monthly chart in the past two years. Will it break out this time?

Tradeception_

Gujarat Gas consecutive Inside Bars on the monthly chart. Price has been consolidating in a range between 450 and 530. A decisive close above 530 could lead to a move to 600.

Tradeception_

JSWSteel monthly chart. Price at 800 price area, was rejected from here in 2021, then in 2022. Has approached the level with a strong bullish bar again. Will it breakout this time?

Tradeception_ Updated 

A breakout and close above 375 could lead to continuation of trend. The target is considered to be equal to the length of the pole. So it should be able to reach 400.

Tradeception_

RELIANCE weekly chart had broken down from an upward trendline in January. Since then it has pulled back and retested the trendline. The bearish bar dated 29th May suggests than the selling pressure could resume. Specifically if the price trades below 2400. We could expect prices of about 2200, a sort of retest of the 200 EMA on the weekly chart in the near future.

Tradeception_

A pattern has formed on the USDINR chart with a flat resistance top at around 83 and a rising trendline with gradually higher supports. It could be identified as an ascending triangle pattern. A breakout in either direction could increase momentum and open up a range of about 3 rupees. Keep watch.

Tradeception_ Updated 

IOC has formed a bullish structure on the weekly chart. A crucial aspect is a weekly RSI close above 60. It is also about to break out from a down trending line. A long position could be considered keeping the following levels in mind: LONG ABOVE: 81.55 STOP LOSS: 77.95 TARGET 1: 85.15 TARGET 2: 88.75 Please do wait for at least a 15 min candle close above the...