Charts indicate major rally on Cards can be of 5-7%. Watch out before making any big Position.
Above inside channel cross-over at 9992 buy can be initiated for a trgt of 163 points. Trgt of 10155 which is more than 50% achieved already. Watchout for bigger move if it sustains above this levels.
GREAT MOVES HAVE BEEN WITNESSED IN S&P FROM PAST 2-3MONTHS AND AS YOU CAN SEE ITS IN A CORRECTIVE WAVE A OF IMPULSIVE WAVE 5 OF ELLIOT WAVE WHICH COULD FALL TO 2760-2812 LEVELS IN COMING WEEK BEFORE RESUMING UPCOMING TREND FOR NEW ATH WITH CORRECTIVE WAVE B BEFORE GETTING A BIG SELL OFF AS IT GOT TRIGGERED IN MARCH. DO LIKE AND SUBSCRIBE IF YOU FOUND IT USEFUL...
GOOD RALLY IS WITNESSED IN WTI CRUDE OIL FROM THE LOWER LEVELS AFTER A BEAR ATTACK ON THIS COMMODITY WHICH IS UNDERPERFORMING FROM QUITE A LONG PERIOD BUT BULLS NOW NEED TO TAKE CAUTIOUS APPROACH AS IT IS GETTING CLOSER TO ITS LONG TERM RESISTANCE LEVELS AT 41.52-42$ WHICH COULD HALT THE CURRENT RUN UP IN CRUDE AND IT MAY AGAIN TEST LOWER LEVELS OF 35.30$ AND 28$...
A slight change in the up trend can be seen soon as strength has seeing a divergence. Looking shorty 💯 with an estimated trgt of 6-9% in coming weeks or so. Trend is our friend, waiting for the confirmation of the momentum.
EURUSD GIVEN A BREAKOUT ABOVE 1.10 AND CONTINUOUSLY MOVING UP WITH GOOD MOMENTUM AND A GREAT RALLY IS WITNESSED LAST WEEK BUT HERE THREE CASE SCENARIO ARISES TO LOOK FOR 1. IT COULD TEST TO LEVELS 1.14581 AND RETRACE TO 1.1220 AS SHOWN IN FIRST ARROW(BLACK). 2. IT COULD BREAK THE LEVELS OF 1.14581 AND COULD HEAD TOWARDS NEXT LEVEL OF 1.17899 AS SHOWN IN SECOND...
After so long EURUSD given breakout above 1.1000 now zooming up with good spurt in volumes.It can approach upto 1.1286 and 1.1330.
Silver is trading in a range from some time and lagging behind gold but if 16.28$ breaks on the upside than it can show a good movement in coming days and can outperform gold as there is pricing mismatch of gold to the silver ratio which is at its all historic high and the hidden undervalue of silver could provide a bargain hunting for traders.
There have been multiple support on weekly charts of bajaj finance in the range of 1907-1955 one can look for trading opportunities at those levels with a price target of 2080-2132.
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Traders can look to buy in range 2290-2295 for a price target 2507.