EQUITY:ITC LTD ANALYSIS January 2021

05-Jan-2021

CMP: 211; SUP: 160

As long as 160 holds support,
We will see 237-255 first.

Further targets: 284-295, 313, 338, 360...

SILVER/XAGUSD Analysis January 2021

ANALYSIS 29-Jan-2021

CMP: 26.381; RES: 28.28/29.85

Based on Daily chart, as long as the above resistances hold,

we can see 

1. 23.168-22.875-22.377

2. 20.836-20.285-9.72

3. 18.585-17.786-16.967.

Reversal 1st target 29.844

ANALYSIS 26-Jan-2021

CMP: 25.322; RES: 26.05/27.91/29.89

Below 24.13, we can see 22.85, 19.72, 17.8

Analysis 22-Jan-2021

CMP: 25.49; Res: 26.05/27.91
Downisde targets: 24.67, 23.83, 22.49.

ANALYSIS 18-Jan-2021 

CMP: 24.986; RES: 27.913; SUP: 24.13
If 24.13 supports we can see 25.03, 25.58, 26.02, 26.47, 26.80...

WEEKEND Analysis 16-Jan-2021

CMP: 24.756; RES: 27.914; 29.844; SUP: 24.326/21.65
SMALL RES: 25.883
As long as the above resistances hold, we can see 22.85, 22.12, 21.65, 20.757, 19.72, 18.585, 17.786.

ANALYSIS 08-Jan-2021

CMP: 27.02; Res: 27.35/27.89; Sup: 26.89

Break of 26.89, we can see 26.55, 26.23, 26.03, 25.71 

 

ANALYSIS 5-Jan-2021

CMP: 27.32;Res: 29.85; Sup: 21.61
Silver is trading in a range between 21.6-29.85.

As long it is in this range, we can see more complex correction.
Upside target zone for this up move is 27.27-27.91. Silver is already trading in the target zone.

Any break of 26.21, we can see more fall.

There are two scenarios I am watching as of now.
1. Triangle and takes support of 21.61 n big rise.
2. If break of 21.61, we can see 19.7/17.

GOLD/XAUUSD ANALYSIS January 2021

BIGGER PICTURE

ANALYSIS 29-JAN-2021

UPDATE 3: RANGE BREAK NEEDED 1864.5/1834.5

UPDATE 2:

Based on 5/15m chart, Below 1842, we can see 1830, 1822/15 n more...

UPDATE 1:

CMP: 1842; RES: 1878/1965; SUP: 1804

Based on Daily chart,

As long as the above resistances hold, we can see 1739/1677 and extension 1600/1559.

ANALYSIS 27-JAN-2021

BULL or BEAR?

ANALYSIS 26-Jan-2021 BULL or BEAR?

CMP: 1861; SUP: 1804; RES: 1960
The range is big now.
Above 1875, we will see 1881-1885, 1897-1900, 1913...
Break of 1804, we will see 1765, 1721, 1685.

ANALYSIS 25-Jan-2021

CMP: 1862.x; SUP: 1849/37/1804; RES: 1875
If Gold supported by the above levels, we can see 1872-77, 1881, 1885-89, 1899, 1907, 1913, 1924.

Gold need a break of 1875 for next bull move. 

BIGGER PICTURE GOLD 23-Jan-2021 BULL or BEAR?

CMP: 1855; RES: 2076; SUP:1375
There are 3 alternatives as of now. Let us wait and watch how GOLD is going to take it's path.

ANALYSIS 20-Jan-2021

ANALYSIS 19-Jan-2021 - BULL or BEAR?

CMP: 1837.x; RES: 1844; SUP: 1829/1804

After making high 1840.x, Gold is making complex moves.

Primary scenario: Bear; Res: 1844

If 1844 resists, we can see 1833/1830.

Alternative Scenario: Bull; Sup: 1829/1804

Above 1844, we will see 1851, 1865, 1874, 1881, 1891

 

ANALYSIS 18-Jan-2021

 Update 2:

PRIMARY SCENARIO for NOW:
As long as 1839/1841 holds resistance, we can see 1878-1826, 1820-1815.

ALTERNATE SCENARIO:
Direct break of 1841, we can see 1862-1866, 1874-81, 1900.

Note: min target on the upside done at 1840. Further targets 1863, 1881, 1900 as per my morning analysis.

Update 1:

If Gold supported by 1803, we can see corrective move to the upside towards 1840, 1863, 1881, 1900 .

Update 3: Best buy level updated. Analysis based on 1Min chart

 

Update 2: Target zones updated.

Update 1:

WEEKEND Analysis 16-Jan-2021 - BULL or BEAR?

Primary: Bearish Scenario

CMP: 1828; RES:1865/1959/2076; SUP: 1763

As long as 1959 holds resistance, we will see more down side.

Small resistance is at 1865.

Downside target zones:

1785-1733

Target Zone 1: 1741-1680

1684-1598

Target Zone 2: 1657-1575

extension 1530.

Small targets:  1783-1767, 1741-1733, 1705, 1684-1680, 1657-1649, 1599-1575, 1530.

Alternate Scenario: Bullish

ANALYSIS 09-Jan-2021

Are we going down more?

ANALYSIS 04-Jan-2021

CMP: 1932; Small res: 1937; Sup: 1855
Gold has broken multi month resistance trendline (form July 2020)

As long as 1885/1855 holds support, I expect more upside towards 1956 min target.
Upside targets by levels: 1929, 1942, 1956-1963, 1976, 1984, 1996-2014.

 

 

INDEX: SENSEX Analysis January 2021

Analysis 04-Jan-2021

 CMP: 47623; Res: 48255; SUP: 39189

If sensex resisted by 48255, we an see some down move towards 46500/45730/44000 and reverse back to 48255 and more.

Upside targets: 49800, 50200, 51380, 53140, 55300.

 

GBP PAIRS 04-JAN-2021

GBPAUD

 

GBPCHF

 

GBPJPY

 

GBPNZD 

 

NZDUSD Analayis January 2021

CMP: 0.7197; Sup: 0.7001/0.6541

As per my analysis, we are in the last move of this up trend and nearing top.

Upside target zone 0.7200-0.7450.

As of now support lies at 0.7001. Base support is at 0.6541.

Soon NZDUSD can start correction and expecting it to move towards 0.6700-0.6300.

Break of 0.7001 initial confirmation of down move.

GBPUSD ANALYSIS January 2021

ANALYSIS 28-Jan-2021

UPDATE 2:

Below 1.3627, GU Bearish. Above 1.3758, can see more upside. 
Primary Scenario: Bearish.

UPDATE 1:

CMP: 1.3665; RES: 1.3758; SUP: 1.3607/1.34500/1.3187/1.3131.

Below 1.3607, I am bearish.

But if 1.3607 holds support, we can see one more high 1.3758/1.3793/1.3864 before big fall.

Sellers need a break of 1.3607.

My Primary scenario: Bearish.

ANALYSIS 27-Jan-2021

Upside target expected 1.3739/1.3775/1.3858/1.3955
Till now, high 1.3751
Is the upmove done?
Break of 1.3607, can see down fall.
Have given possible upside/downside moves in the chart.

ANALYSIS 26-Jan-2021

CMP: 1.3650; As long as 1.3681 resists, we can see 1.3613, 1.3587.

ANALYSIS 22-Jan-2021

CMP: 1.3661; RES: 1.3739/1.3751
SUP: 1.3619/1.3516
If the above levels resists, we can see 1.3646/1.3619/1.3590 n reverse back to 1.3739.
Upside extension would be 1.3775, 1.3858, 1.3955 (ULTIMATE TARGET).

Analysis 21-Jan-2021

GBPUSD breaking all the resistances, and keeps on moving up.

Possible upside targets: 1.3739 (done), 1.3775, 1.3858, 1.3955.

STRONG SUPPORT: 1.3619 for now.

Analysis 19-Jan-2021

CMP: 1.3602; RES: 1.3621; SUP: 1.3519;
If the above resistance hold, we can see 1.3591, 1.3577, 1.3566. 

 

Analysis 18-Jan-2021

Update 2:

Above 1.3551, we can see 1.3573, 1.3599, 1.3620.

 

Update 1:

Above 1.3589, we can see 1.3616, 1.3634, 1.3651-1.3665.

 

Analysis 15-Jan-2021

CMP 1.3681; RES: 1.3716

If GBPUSD resisted 1.3716, we can see 1.3474/1.3356.

Break of 1.3716, we can see 1.3739, 1.3858, 1.3934, 1.4023.

Analysis 13-Jan-2021

CMP: 1.3684; SUP: 1.3447; RES: 1.3705

As long as 1.3447 supports, we can see 1.3740-1.3800.

Break of 1.3447 confirms top and long sell will be in place.

 

Analysis 08-Jan-2021 

CMP: 1.3853; RES: 1.3613; SUP: 1.3531
If 1.3613 resists, we will see 1.3509, 1.3466, 1.3405, 1.3381.

 

Analysis 06-Jan-2021 

CMP: 1.3613
Res: 1.3647/1.3703
If these resistances hold, we can see 1.3583, 1.3547, 1.3485, 1.3455, 1.3383, 1.3359...

 

Analysis 05-Jan-2021

Sup: 1.3521/1.3427
Res: 1.3703
Down move was impulsive. Is Top in place? Need to watch.

 Analysis 02-Jan-2021

As long as 3.183/1.3426 holds support, we can see more higher levels targeting 1.3739-1.3858.

More bullish targets 1.4023-1.4250, 1.4749, 1.5239 in the long run.

Base support is at 1.2674.

Any break of 1.2810, confirms high is in place. Until then, buy on dips is the strategy.

As you can see in the chart, GU, is already trading at top / going to complete the up move for this wave.
Let us wait and watch, how this progresses.