Educational Purpose
Beautiful Formation in coal India as likely same as text book example in Coal India CUP and HANDLE FORMATION MAX PRICE TARGETS WHICH WE CAN GET IS RS 150/- IF BREAKS ABOVE RS 150 THEN SURELY WE CAN GET HIGHER TARGETS Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market,...
BERGERPAINT is near the import fibo level and TL is also forming, once crossed 520 can be good for long.
Bearish butterfly with PRZ marked in chart. Trade to be entered only if a strong signal bar is seen AND RSI divergence is seen. Target = 38% retracement of CD. ** Study only for educational purposes, do your own risk assessment before entering the trade **
As of now if the Structure breaks on the upper side then chances would increase to move ahead to 11700 range.
Expecting the formation to complete if Nifty breaks the structure and gives a close.
AFTER CONSOLIDATION IT SEEMS TO BE BREAKING OUT PLEASE SEE ATTACHED CHART
The pair chart formed bullish crab pattern with PRZ (1.618 XA) at 2.020, stop loss at (2.00 XA) 1.870. It has confirmed bullish RSI divergence. A failed breakdown from 2016 lows of 1.942. As long as prices are above 1.942, the ratio looks set to revert to 2.280
A bullish butterfly harmonic pattern. Checked with Fibo as well. Currently closing price is sitting over a very strong Support of 6th Oct 2016 which it tries to break 5 times. A trend line is closing over support. I suppose in a day or two a BO will happen as suggested by harmonic pattern.
breaking below the median line may take it to T1 and T2. on close look it will appear head and shoulder pattern whose neck line already broken. how ever it depends largely how bank nifty behaves. have a close look at it during market hour, temporary bounce from the median line is also possible.
Cipla faces important resistance from negative RSI divergence. Also from falling trendline and Bearish Shark pattern (pointed out by friend Dinesh Nagpal) Risk reward in favour of correction, as long as it is below 650, with potential support at 490
FOLLOW
Bullish bat forming. Price near PRZ. Ratio chart set for mean reversion.
FOLLOW
follow
It has activated a False Breakout Continuation Pattern. It could retrace till 360/400 (which also happen to be Ichimoku based Cloud resistance levels) provided it does not go below 305