MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?
In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022. Currently, the price is undergoing a retracement, approaching the key level of 50%.Continue reading
We had written clearly, “If the price breaks out above wave X at 117.9, traders may consider buying the stock with the following target levels: 126.9 – 139.2 – 148.3.”
Timeframe: DailyNSE INFOSYS has been experiencing a prolonged corrective phase lasting over 73 weeks, with its movement consistently below the 50/100/200 EMA. This indicates a bearish sentiment for the security. On the daily timeframe chart, price action has formed double three patterns.Continue reading