Dollar Index allows traders to monitor the value of the USD compared to a basket of six currencies which includes euro, Japanese yen, Canadian dollar, British pound, Swedish krona and Swiss franc. As it helps traders to hedge their bets…
Escorts has been trading in the red zone since the past few sessions and despite witnessing a sharp fall when everyone look for some consolidation, we were spot on in capturing the further immediate breakdown. We were able to catch…
Nifty had a sharp fall over past two days and prices have decisively broken below the low of 11550 levels. This is the same level which had been protected for many weeks and the same level will now act as…
Post forming an interim top near 16.30 levels Comex silver has been trading lower since then. We were able to anticipate its down move even before it began just with the help of basic indicator of Fibonacci retracement. The 61.8%…
MCX Copper finally managed to give a break of its long term consolidation in the beginning of May month and the fall has been steep and sharp. It’s amazing to see how well prices have been moving just in sync…
Tech Mahindra has been an out performer in the IT sector since 2017.Although recently prices witnessed minor correction but managed to recuperate its losses and hit a new lifetime high today.We were able to capture the up move even before…
In the previous session Dow Jones Industrial Average formed a strong red bar completely engulfing the period dragon fly DOJI. On an intraday basis the prices almost tested the resistance level of 26700 posts which it saw a steep fall…
Technical analysis is all about trying to find out the best fit or methods that are currently working in the markets. There are various methods from the basic support and resistance level identification to the complex patterns of Elliott wave…
In the previous session, DJIA broke its most important channel support with a gap and maintained it throughout the session. It will be interesting to see if Index regain momentum on the upside and re-enter the channel again or sustain…
Bata India has been a strong outperformer and has been in a multiyear uptrend since 2016. The stock has simply been up-up and away. We recommended this stock in our daily research report with the help of Elliott wave, channels…
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