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.
Below Ema200 or 400 with bearish pannent
Above Ema200 or 400 with Bullish Pannent
AS I WE CAN THIS PAIR IS IN DOWNTREND ON MONTHLY CHART, BUT SUPPLY ZONE CREATED ON MONTHLY LEVEL DOESNT REMOVED ANY DEMAND ZONE, SO WITH SOME CONFIRMATION WE CAN TRADE ON SMALLER TIME FRAME, AS ON WEEKLY SUPPLY ZONE NESTED IN MONTHLY REMOVED DEMAND ZONE AND MADE A LOWER LOW AND BROKE THE TREND ON WEEKLY, WE CAN GO SHORT ON WEEKLY GIVEN LEVEL. THIS ANALYSIS IS...
Ultratech Cement at crucial support
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.
JSW STEEL showing clear negative divergence on daily charts in short term and medium term
Education Idea Axis bank Wave 2 = Regular Flat Wave4 = Ascending Triangle (triangle often occur in penultimate waves) Rule of alternation - corrective waves are of alternate type Wave 5 - Ending Diagonal (type = 33333) Trading idea/Analysis to follow on Shorter TF
Use stochastic indicator when the stock is in range, inside a channel (paralle,ascending,descending). To be used for swing trading is the safest way to utilize stochastic. Thanking Subhag Ghosh for motivating to make such a post.
FLAG = Impulse + Correction 📚 LEARN MORE 💰 EARN MORE With ForecastCity 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 !!! If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button, Your Support is very much 🙏 appreciated!