Breakout Stocks & Rally in Gold | CA Rachana Ranade

"A&Z has given the target of $3,800 per ounce gold. Same target that we just derived right now. But he's saying this may happen by mid 2026, maybe even 4,000 by mid 2026."

"Goldman Sachs has given a target of $5,000 per ounce."

"JM Financial says 10% more upside."

"More and more global uncertainty will pump up the prices further. Central banks are still buying gold."

"considering all these points there are great chances that gold will keep on uh its current uh trajectory may not be as fast as as it may go uh a little bit of sideway I mean it may just go higher maybe consolidate a little bit go higher"

"Earlier a resistance. Was this a very clear resistance earlier? Absolutely. Yes, we have seen this 1 2 3 4 five times. Earlier a resistance now supported. Okay. So, if I'm talking about dollars per ounce, it'll be 3,440."

"in rupee terms 1 lakh 2,863 is a support"

"So is it overheated as per as per RSI on a monthly chart? Yes. Yes. Looks so based on RSI only."

"on a monthly basis right now. Where is it? 88.5 absolutely you are right current is 88.5 here you can see it was at 84.6 six but though RSI came down sharply from here. So for example, you see our RSI came sharply down from here but gold was in kind of a I mean gold did not come that sharp yeah to some extent it did actually how much percentage is that 20% monthly chart okay so 84 was a high uh this is what um oh this is 2008 again. So he has a point where RSI is extremely high right now on a monthly chart. So is it overheated as per as per RSI on a monthly chart? Yes. Yes. Looks so based on RSI only."

"there could be even if gold were to retest the current the the earlier resistance level still it will be like what five 5% five five and a half% drop doesn't see more than that."

"It was going down. Agreed. Da da da. It went up. But still again, it's a high, a low, a lower high, a very initial sign of a higher low. Now, can we see a breakout? Yes, kind of a retest. So, this is, if you see, it's a breakout. It's kind of retest. And from here it's bouncing right now."

"Silver is is an absolute amazing amazing chart for silver right now. The monthly chart again. uh RSI for the monthly chart is at 7475 lower than gold. Uh looks amazing."

"So everyone I would request if you have one more uh device please please get that with you. Uh 18th December is the topmost point then you can see it it was going down then there's one more touch point uh here on 20th of May. Now what you have to see is so I've just drawn these three possibilities on that. Okay. Okay, So let us say this is a downward sloping line and I've just drawn this trend line. Okay. Now what could be a possibility number one? Possibility number one. Direct breakout from here up up in the air. Possibility number A. Possibility number B. Again, it sees a resistance here. Goes a little bit up and then starts crashing down, down, down, down, down, Whatever. Okay, this is possibility number B. It's a fake out. This is a breakout. This is a fake out. Possibility number C. From here, let us say it goes up. Okay, it does a retest and then bounce. This is possibility number C. I want you all to tell me what has happened in Dixon."

"Majority of the people have given the answer of breakout, retest, and bounce. Okay. Now this is one more thing that I saw. It was kind of a double top from here."

"Rajingham is saying inverse head and shoulder. Shetty Shikhar is saying inverse head and shoulder. Narendra has changed his mind. Narendra says it's inverse head and shoulder. Okay. Rajiv is saying cup and handle. Okay, Just try to see if you're saying a cup and handle. Maybe just go one step back and see if you can see one one more left shoulder like that also. Obviously, all inverse head and shoulders are going to look like cup and handle."

"Yes breakout yes breakout retest bounce a short for breakout retest bounce yes fantastic rai boss says yes"

"kind of a cup and handle kind of an inverse head and shoulder. Okay, fair enough. I think I think you you are understanding it very nicely."

"Look at the volumes. Boring volumes. Look at today's volume. Look at yesterday's volume. Sudden spike in volumes. Sudden spike."

"Something interesting may be happening in the stock because of it. because look at the volume bars otherwise this was this was like this was the highest volume bar till now okay this got challenged yesterday and today it's like almost triple height of that so some interesting volume numbers coming up here"

"But in the medium-term short to medium term definitely it it looks bullish"