How to Interpret levels in trendline and Horizontal resistance. How to draw correct horizontal line from hidden levels.
After consolidation position between 727 & 834 now has started breaching the support level at 727 which forms triple bottom position and going downwards and presently at 693. If breaches the immediate support level at 693, there will be an immediate fall, unless there is any positive trend in the next 1 or 2 days. cautious for a new entry.
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
BHARAT FORGE FOR POSITIONAL ONLY MAY TAKE 4 TO 6 WEEKS TO ACHIEVE TGT
It has made a bearish Harmonic AB=CD pattern. Sustaining below 365 could lead to a pullback till 335 and lower. View gets negated above 377
Bharat Forge is a good example of several stocks in the Nifty 500 right now. The stock is stuck between former support that's been intact for nearly 6 years (355) and former resistance that's been intact for nearly 15 years (200). As a market participant, it's difficult to bet on this type of stock longer-term in either direction as long as prices are between...
Good chances above 297 to see more upside
IT IS CURRENTLY SHOWING BEARISH DIVERGENCE WITH STOCHASTICS IT MAY COME DOWN FIRST TARGET IS 396 AND FINAL TARGET IS GUESS WHERE 376 WHICH IS NOT DOUBLE TRIPLE QUADRUPLE BOTTOM IT IS ACTUALLY quintuple BOTTOM AS YOU CAN SEE ON A WEEKLY CHART 5 TIMES BOTTOM HAS BEEN MADE AT THIS LEVEL MARKED BY ARROWS WE CAN GO LONG ON THIS LEVEL FOR SURE GOOD LUCK NOTE: NO ADVICE...
Read the chart....
levels mentioned in charts .. use brain ..