While the price is below the resistance 60.95, beginning of downtrend is expected.
We make sure when the support at 55.20 breaks.
If the resistance at 60.95 is broken, the short-term forecast -beginning of downtrend- will be invalid.
We will close our open trades, if the Midterm level 60.95 is broken.
The RSI support #1 at 43...
Query - Invetment Purpose
REC _ weekly time frame Analysis
CMP 144.4 can buy near 125-115 - 50 % of investment
Balance investment can add near 80 - 90 Levels
Targets - 160- 180 -190- 220-250+
Time duration 1-2 Years
All levels are cash levels
Sugar prices (SUGAR- USD) might see an up move over the next few days. As always, this could be a corrective up move or it could be a move thats going really far- its too early to say but I guess any Up move followed by a consolidation- at least in the short term, are buying opportunities. Now how that translates to Indian Sugar stocks is something that...
Hidden bullish divergence on 1 day supported by prevailing trend (higher lows) , 4H exhibiting the same trend (uptrend) & hidden bullish divergence going to happen . trendline support @7800-7870 .
Buying BTC USD at 7830-7880 with stop @ 7500 target would be new high of 2019 .
....Levels mentioned in the chart
Tradeplan R:R 1.4:1
Buy Quantity = 16 Nos=40000
T1 - Book 8 Nos
T2 - Book 4 Nos
T3 - Book 4 Nos
Max Loss on 40 Nos if SL hit - 250*16=4000
T1 - 250*8=2000
T2 - 350*4=1500
T3 - 550*4=2200
I am not going to believe this bounce if it does not go above 2000 and stays there for a week time or so!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...