by Rahul Rana | Feb 19, 2019 | Analysis, Market-Watch Staff
MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in a daily time frame. Last few sessions ended up in bullish trend along with same corrections inside the channel, where the market is expected to continue on the bullish trend. The continuation of the trend will be confirmed once the prices breaks above a key resistance holding at 40300. The positive rally could be extending all the way up to 40450-40600 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might have a chance to retest the same and revise the trend to bearish once again. The downside rally could test up to 40000-39800 levels. Key support holds at 39800.
by Rahul Rana | Feb 19, 2019 | Analysis, Market-Watch Staff
Natural gas daily chart has formed “Falling wedge” pattern. The last few session ended up in sideways trend retesting near the channel’s support slope line. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 192. The upside rally could be testing all the way through 194-198 levels on the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 180 level. Key support holds at 180.
by abhinav | Feb 19, 2019 | News
The company said the scope of work includes design, engineering, procurement and construction of passenger terminal building, a new runway, etc. Read More
reported by Rachita Prasad at The Times of India
by Rahul Rana | Feb 19, 2019 | Analysis, Market-Watch Staff
MCX Crude Oil futures technical chart has taken the formation of “Ascending broadening wedge” pattern in 4-hours’ time frame. Previously few sessions ended up bullish in trend and retesting inside the channel. As per the technical aspects based on the current price action, the market is expected to continue on a bullish trend. The continuation of the trend will be confirmed once the price breaks above a key resistance holding at 4030. The positive rally could be testing all the way up to 4100-4150 level in the upcoming sessions. An alternative scenario indicates that if key resistance holds strong then the market might have a chance to retest the same and revise the trend to bearish once again. Such a reversal could possibly test up to 3900 level. Key support holds at 3900.
by abhinav | Feb 19, 2019 | News
An AMT spec Mahindra XUV300 in the W6 trim has been spotted doing the rounds ahead of the variant’s probable launch in the Indian car market. Read More
reported by Venkat Desirazu at Carwale.com
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