MOTHERSON SUMI - IN RANGE (WYCKOFF METHOD)
1) ANOMALY
2) PRESENCE OF SMART MONEY
3) TESTING OF BOTH-SIDES
4) SPRING ACTION SEEN
5) READY FOR SOS CANDLE FORMATION
Nice Example of Range Break in Bank Nifty, below is my prediction for today.
BUY -Target 30150 if market sustain above 29800
SELL- Target1 29490 if market sustain below 29775
Target2 29008 if. market will slip below 29450
N.B:- check with your financial advisor before Trading or Investing. it is totally tutorial purpose.
ADANI PORTS HAS RECENTLY GIVEN RANGE BREAKOUT ON DAILY / WEEKLY & MONTHLY LEVELS
AND THAT TOO WITH HIGH VOLUME
SO DON'T MISS ANY OPPORTUNITY ON BUY AT EVERY PULLBACK (DIPS) APPROX LEVELS TO BUY 370/380/390
STOCK WILL REMAIN BULLISH TILL IT DOSENT BREAKS 360 LEVELS NOW
POTENTIAL TO RISE MORE THAN WE CAN IMAGINE
LAURUSLABS looks like in 3rd wave of ABCDE WAVE, current wave could be stretched wave as there is breakout on last candle with volume, it could reach new all time high after a pull back at 52W High. it has also forming a rounding bottom.
IOLCP has formed a rounding bottom on daily chart and could face a resistance at currently breaking 780-790 levels upside can take this stock to 52W High. it may form cup and handle pattern wait for price action.
USOIL can give bullish breakout, because it is forming bullish wedge pattern, and because of this we can expect same from CRUDEOIL too, on Tuesday. But we can not predict market, so we have to keep analyzing, it can also give bearish breakdown.
It's just my personal view, not a call.
FLAG = Impulse + Correction
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After a significant drop in Bitcoin price , the price is in a correction wave.
What makes the chart interesting today is that:
. Bitcoin is likely to challenge the 18042 ~ 18227 resistance area.
. A break above 18227 could push the pair to the 19487 area .
. A resistance rejection ,...
Price reached the resistance levels and there can be a profit bookings at the beginning of the next week then further up movement cannot be ruled out !!!
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