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HDFC broke out of a cup and handle on hourly and expected to test ATHs of 2400 which is expected range of the cup.
Can go long with SL 2275 and target 2400 .
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.318.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of R2=1.321.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
. MIOTA/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
. There is a possibility of temporary retracement to suggested support zone (0.00133 to 0.00123). if so, traders can set orders based on Price Action...
isn't that happen too quickly, i mean just before around 40 days bitcoin prices pumped meteorically from 4200 to 4800 on a rumor of a fake news which was circulated as april fool joke that SEC approves Bitcoin's ETF, and weird thing is that no one panics even after this news was refute. recently we've also seen the tether fud which could have great impact on...
I am of the belief that Bitcoin would start to grow when the altcoins start to retrace strong...
The altcoins market is having massive bullish action and growth for the past few months and now we are seeing some altcoins correcting having a strong retrace... The majority continue to grow, the market remains bullish while Bitcoin is now ready to continue growing...
Bank Nifty managed to take support from a long term trendline, and rallied approx. 1000 points in three sessions.
Some correction at these levels is inevitable, any pullback upto 31540 should be utilised to create long positions. Incase there is no correction, chasing rally is not advisable.
31318 should be the stop for all long positions.
Important news is out, Gold has been consolidating in a narrow range for some time.
Forming a triangular pattern on daily charts with RSI turning positive.
I believe, traders can trade in the direction of breach of this triangle, sound chances of relaiming 1500+ USD, if it exceeds 1484.
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8 to 12 times.
Always one should have their trading system as simple as possible here are the proven simple system which works in all time frames...
I have been testing this simple trading system with these indicators for 100% profits every day.
Enjoy the profits.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial...
Are you a bear ? RUN!! RUN!! Your life is short here!
Dear friends, I bring you this indicator that you will like, no complexity, just buy signals.
We will try to find possible turning areas, and you will have 6 weapons to use.
Look at the simple configuration:
- Minimum Level
BOMB = high...
I just did a Bollinger Bands script with my newly CB moving average
While I'm generally against posting strategies because it's very easy to fake performance numbers... This is just to share a cool strategy snippet. My settings are 10 contracts/order with pyramiding set to 10. You can make...
It has a weekly as well as daily resistance at 420 from where it has reacted. Unless it manages a close above it there is strong possibility it might retest support at 390-380 to confirm a higher low. Sustaining above 420 (on closing basis) could take it to 475