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Tradesetup – NSE MRF & GODFRYPHLP

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Free nse mrf chart calls

Timeframe: Daily

Based on our previous analysis, NSE MRF has been showing signs of forming an impulsive cycle starting from 81380. The price successfully completed impulsive wave C of wave (4) and is now on the verge of breaking the wave B, which would confirm the continuation of the upward move. Furthermore, the price is currently trading above the 50-day, 100-day, and 200-day exponential moving averages, indicating a bullish sentiment in the market. The RSI (Relative Strength Index) for MRF has also crossed the overbought threshold of 70 and reached a value of 70.91. Its a good opportunity to trade specialist breakout method.Continue reading

MCX Crude Oil: Retracement Analysis and Downside Targets

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Free mcx crudeoil chart calls

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

NSE INFOSYS – Is This The Last Dip Before The Bull Charge?

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Free nse infy chart calls

Timeframe: Daily

NSE 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

Silver Price Analysis: Exploring Resistance, Control Price, & Volume Dynamics

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Free commodity market MCX Silver daily chart, and trading tips.

Examining the Parallel Channel and Resistance Levels for Short-Term Traders

Upon analyzing the chart, it is evident that silver has been trading within a parallel channel for almost a year, indicating a well-defined price range. In the previous trading session, the price of silver reached the resistance line of this channel. For short-term traders, a critical resistance level to watch is 74060. If this level is not surpassed convincingly, it could lead to a potential downturn towards the control price (CP) line. It is worth noting that silver has yet to test the CP line and the 100-day moving average (MA) successfully.Continue reading