Free Stock, Commodity, Forex Trading Tips & Education Articles

Gold Spot (XAUUSD) Time for Consolidation & Lower Volatility

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free commodity gold xauusd daily & hourly chart tips

Click on the chart to enlarge

See the above chart wherein I have used the Gann Angles as support & resistance. As per the rules of All Angles, when the stock price breaks an Angle, it will rotate to the next Angle. Gold Spot is under a downtrend until the breakout of 8/1.

But that’s all about the long-term view. If you see the above Gold Spot’s hourly chart, there are two supports. And if XAUUSD repeats the game of excess & tail, then the downtrend will begin.

Hence, be ready for the levels of $1752 – $1726 – $1680 below.

Gold Spot can hold the downtrend by staying above 4/1. If it happens, then we will see $1830 – $1860 – $1900+ levels.

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NSE: Is the RVNL Topping or Just Consolidating?

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free rvnl stock tips chart

RVNL is fundamentally very strong. I have included this stock for your portfolio in my recent article (8 Indian Stocks That Can Turn 1 Lakh Into 10 Lakh by 2030).

Notice the volume bar spike. According to the volume study, this share price will consolidate here. And will hit the support trendline. RVNL stock price may touch the red support trendline due to the high volatility available there. Afterward, we may see a strong reversal. Be ready to see again Rs.40 – Rs.43.

And short-term and long-term targets are available in the previous newsletter. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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8 Indian Stocks That Can Turn 1 Lakh Into 10 Lakh by 2030

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There are plenty of attractive investment opportunities in the Indian stock market right now, but these eight compounding machines you can feel comfortable owning for the long term. And you can get the ninefold return in 10 years.

I have chosen to buy these stocks because they’re ready to blast. You may find almost bottom in all below charts.

RVNL (Rail Vikas Nigam Limited) Stock Tips & Chart

1. RVNL (Rail Vikas Nigam Limited)

Target: Rs.66 – Rs.100+
See the chart above to get why you should invest in RVNL.

IDFC First Bank Stock Tips & Chart

2. IDFC First Bank (IDFCFIRSTB)

Target: 124 – 190+
This chart does not need any description. IDFC First Bank’s stock price is worth buying now.

Kellton Tech Stock Tips & Chart

3. Kellton Tech

Target: 194 – 312+
Kellton Tech is AI (Artificial Intelligence), and it’s the future of the next generation. The company’s total revenue (TR) is stable even in a pandemic situation. See chart above its share price isn’t increasing compared to TR.

Engineers India Stock Tips & Chart

4. Engineers India Limited (EIL)

Targets: Rs.200 – Rs.432 – Rs.690+
EIL is a well-known government corporation, and the total revenue of ’21 is INR 31.44B. It has executed over 5000 assignments consisting of 400 major projects valued at over US$200 Bullion.

In the short term, we will see EIL shares price Rs.200. If you have plans to buy stocks for one decade, then this one is for you.

ITC Stock Tips & Chart

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NIFTY’s Elliott Wave Perspective for Today

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free nse nifty stock tips daily chart

Nifty can bounce from 0.618% – 0.786% of retracement levels, and we may see 18350 again.

According to the Elliott Wave Principle, it can drop up to 1.00% of wave i. And a breakdown of wave ‘i‘ is a direct sign of a strong downtrend.

Buyers must note that the price has broken 200 EMA.

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NSE Asian Paint (EWT): Money printing time

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free nse asianpaint daily chart tips

Asian paint has started the impulsive sub-wave ‘iii‘ of wave 5. Price has crossed the high of wave ‘i‘, which is the signal of impulsive behavior of wave 5.

A long position can be initiated after a pullback when price penetrates on wave ‘i‘ to take support. And that cannot be a barrier for long-term investors. They can jump on it.

But if you are a short-term investor or safe trader, you may lose this opportunity due to waiting for a pullback, but this is the only way to manage risk.

But if you want to moderate risk here, you may lose the opportunity due to waiting for a pullback. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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