suman6saha

suman6saha

D : RSI is failing to post a high above 60, which is bearish. A bearish divergence is also present from the previous upmove. Has Range shift from bullish to bearish occurred ? H1 : A bearish divergence is present . In past two occasions, multiple bearish divergence gave at least 1000 point move Resistance 17900 Support 17500 Support 2 17400 Support 3 17200 This...

suman6saha

D- A possible bearish divergence is present. H - possible bearish divergence is present. Closing below 40600 may trigger a fall Support 1 39900 2 39500 3 38500 Next week is Fed rate hike. So, market is likely to remain volatile. Also, a MPC meet will be taking place. Any less negative news can trigger a movement to all time high. Long - SL- 40600 Short : SL -...

suman6saha

This is not an investment advice, only for academic purpose, apply proper risk management After a disappointing result, Wipro spooked 10% on thursday and friday. At present, Monthly TF - Last month was TD 9, chikou span will face resistance from candlestick at the region of 340-320 Weekly TF - This week was TD8, next week is likely to be TD9, unless a close above...

suman6saha Updated 

BN on 1D TF is failing to break above Kijen Sen. LIkely to move lower Target 1 - 38142 (-4%) Target 2 - 37071 (-7%) Target 3 - 35806(-10 %)

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Nifty failiing to cross kijen sen Target 1 -17039 Target 2- 16650 Target 3 - 16000 Invalidation level -17436

suman6saha

D TF - Head and shoulders pattern on a falling neckline Ichimoku cloud - Bear RMO -bear RSI - bearish Once price breaks down - It will likely to take resistance at 58-55 - half of the height of the head Unlike to reach 46 area. At 55, dividend yield will become around 18%, which makes it lucrative for 5-6 yrs holding period.

suman6saha Updated 

Reliance is currently on weekly TF taking support from SSB with target upto Kijen-sen. At 2500, purple shaded box- there exists a number of resistance Weekly Kijun,EMA-20, Senkou span A resistance, Daily Senkouspan B, Chikou-Kijun resistance H1 tom demark resistance Probable movement Market goes above 2440- chikou touches resistance and move to the bottom of...

suman6saha Updated 

Bitcoin Positive reversal H4 BTC bullish RSI - 80-40 Positive reversal - Price higher-RSI lower A possible trade at 19500 Stop loss - 1 range below Signal bar - 19456 Target : 20400+(19500-19100)=20800 R:R - 3.5:1

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TD DEMARK sequential indicator flashed a buy setup TD9 Previous TD9 on H1 caused the reversal So, minor pullback to kijen sen is possible In addition, the difference between Kijen and price is around 8usd which also makes the pullback plausible. Stochastic is also at extreme and attempting a bullish crossover. Monday and tuesday may see some short covering upto...

suman6saha

Previously, DXY encountered a fail downside attempt. Upon reversing, I entered the trade when RMO indicator (RMO by Lazybear) turned green Stop loss : - Low of the Bar - (Range of the bar) The index was initially supported by Kijun Sen but later it gave in. Lower Time frame DMI was also choppy. But, I stayed in trade as it didnot hit the SL I took out the profit...

suman6saha

Martui Suzuki share price has started a News bear phase, which is indicated by Head and shoulders pattern and breakdown of neckline. During Wave A, it fell 11% from the top (A) and then retraced by 50% (B). It fallen again to 6900 giving 900 point gap Due to ongoing market condition, it retraced to 7300, which is a strong resistance line. It is yet to reach the...