Last week, I had posted charts of COALINDIA forming a descending channel and also predicted a breakout in the coming days. Here it is, this may not be like a 5-10% trade or something. But a 2% is enough for intraday. The trade involved no risk and very easy to spot as the volume rocket from 100k to 2.9M as the breakout happened. This was to show the power of...
STRONG SUPPORT 21200 , 21100, 21085 & 21040
The first two red candles indicate a two-day downward, and the green candle represents a slightly upward trend on the third day, which is completely contained by the body of the previous candle.
After long waiting…time to cheer
As per my trendlines, HPCL may go below 200 levels and good levels to enter
TCS has a support at 2246 which is immediate support.
SBIlife has a previous resistance at 820 odd. Not it approaching the same level. Let's wait and see how it goes!!!
After consolidation, its poised for making new ATH. There was significant buying on 14th Aug, volume was 3x than the normal volume. Someone has bought near 700 in huge quantity.
hourly chart suggesting correction and immediately support 11050, if breached may further go down to test 10880
Harmonic Trading Patterns have several patterns, one among them is AB=CD, currently CNX 500 has shown a reversal from the PRZ signifying bearishness. Fresh bullishness as per the pattern would happen only if it negates the pattern above 9500, the strength of the pattern reversal would further accelerate below 9000 for its expected retrace levels as per theory...