indusind bank has resistance around levels 955-980 crossing will change the trend or can touch 880 again in coming month
with doji on weekly charts, trendline resistance on dialy, and flag pattern on 30 min are we going to see 35600-35000 on banknifty ?
Strategy to execute trades in forex market, works for all pairs (please do back testing to gain confidence) : What we need : Candle Sticks Timeframe – 1 hr Bollinger Band – Length 20 and StdDev 2.5 Bollinger Band – Length 20 and StdDev 2 RSI – Length 6 Stochastic Oscillators – 14,3,3 MACD – 8,21,5 Confirmation with indicators should be in same trend with candle...
TCS has formed double bottom at 3390-3405 and it is now facing resistance at 61.8% FE level (July 28 Lows - Oct 8 Highs). It may retest the neckline which is also at 50% FE level before taking upward move.
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AXIS BANK NOW MOVING UPSIDE MACD AND RSI IS SHOWING POSITIVE CURVE LETS HOPE IT WILL CLEAR 700 AND MOVE TOWARDS 1000 above information is provided only for education purpose only BEFORE INVESTING PLEASE KINDLY TAKE EXPERT ADVISE.
Link below in description of my previous educational information on Horn bottom and Horn top pattern. In that chart, I was not able show the example for horn bottom, clearly. In this chart, you can find horn bottom pattern, where 'H" shape candle pattern is formed with a week difference. More information about how to trade the pattern, provided on chart. Kindly...
RELIANCE INDUSTRIES has dropped more than expected - chances it will cross the trend (brown cross) and move upside look forward only above the cross candle
Lack of buy trend(Higher Low, Higher High) before the weekly chart pattern breakout resulted in price fall
Hourly chart pattern breakdown after the weekly chart pattern breakdown resulted in price fall
After reaching a high of 553, the scrip is in falling mode with more selling pressure. Presently it testing its previous support of 413 and the future of the scrip will be decided on the basis of fresh support with good volume at this support level for the uptrend. else further fall is expected up to 382.
The bearish trend for Pidilite Industry is continuing for the last 7 sessions. It is testing the immediate support level around 2186. If it breaches the immediate support level with a bearish candle, further fall in the scrip is expected with high volumes.
Glenmark Pharma is still under the consolidation phase for the past 3 and half months. Though there a more green candles with volumes unless it cross the previous resistance of 538 with a big green candle, the same trend of consolidation will continue. A new entry is suggested only with a confirmation of above 538 with good volume and a continuous range above 538.
After consolidation position between 727 & 834 now has started breaching the support level at 727 which forms triple bottom position and going downwards and presently at 693. If breaches the immediate support level at 693, there will be an immediate fall, unless there is any positive trend in the next 1 or 2 days. cautious for a new entry.
Going with a view of more 3-5% fall in nifty. Reasons for my view: 1. Support at 16K level on weekly time-frame. 2. 200 days SMA support also at that position. 3. Trendline support is also present over the area. Note: This is only for education purposes, please don't take any position on behalf of this.
Motherson Sumi is on Bearish Mode. It has breached the latest support levels 221 & 210 and have steep fall on last 3 days. Expected to go down till 200 where there is a strong support. Unless there is any immediate positve news, the expection is fall further till the support level.
with picture perfect fib extension will nifty reverse have we made new bottom of 16800 ?
with picture perfect fib extension will nifty reverse have we made new bottom of 16800 ?