L&T FORMING FLAG PATTERN, KEEP IT ON WATCH LIST, WHENEVER IT BREAKOUT ON ANY SIDE TRADE ACCORDINGLY.
It is making a Bullish reciprocal AB=CD in daily time frame. It could bounce back to 2475/2500 provided it does not go below 2325
Educational Purpose.
Tatasteel, after the breaking out of the falling price channel on weekly, price is again re-testing the falling price channel. On Daily chart price is below the 0.382% retracement level of (w3) which is at 459.10. Today's low is so far 450.65. Wave 2 ended exactly at 0.382% (W1) at 382. If price holds a falling weekly channel re-test level, which is around...
NIFTYis within a rising wedge in its long term monthly log chart looks like the squeeze within the wedge is on.. breakdown below the wedge will be an end for this move and will be followed by a deep correction.. Also there is clear monthly RSI triple divergence ..
Hello, Nifty has broken the major demand zone @ 11915-11930. Now the short term chart is damaged. On Saturday Nifty closed @ its major demand zone @ 11595-11640. Sustain below this zone another 80-125 points downside range will open and it may test 11520 and 11490-11480 zone. On the upside first supply zone @ 11710-11720. I want to see its trading range on...
Almost every year India VIX tends to test the lower end of its range and reverses sharply in JAN. A trigger for this usually is the Annual Budget (Vix rising as a lead up to the event). It appears that the same scenario might be repeated in 2020. However, this time we have a global trigger as well which could fuel the rise in VIX (as and when it happens) Gold &...
LOOKS LIKE NEW... BUT WILL SEE HOW IT PERFORM
Ashok Leyland appears to have completed a diagonal which is v close to weekly ichimoku resistance. A retest of 78-75 could be possible if it were to sustain below 89. Q3 results are expected on Feb 13
Tata Global in daily time frame has activated a C Clamp suggesting retest of 355. It's hourly is also suggesting a H&S breakdown below 379. Resistance at 390. View negates above 400