Weekly has a double bottom and a recent Higher High. But, predominantly, it's a Downtrend. There is a wide bearish RSI divergence too. Price is hovering at an important level. In Daily, nothing is supporting. There is a break of Trendline, but not convincing. 75 min is interesting. There is Head and Shoulders pattern, EMA crossover and a clear candle...
For each U-term , this stock is created TAIL . Look at the box, I have drawn TAIL so you can easily check it. Suppose, wave(2) has Tur n then it will create a tail on hrs chart . Resistance 423 nearby. Predicted waves if everything fine.
4 tails at the value high with one excess and 2 tails found at the value low with one excess. The presently fromed tail is not at excess but its a breakdown channel. Remarkable points , recently created tail has enough shadow as comparted all others. Therefore, Possible to fall more OR create a series of tails .
There're 4 tails at the value high and, 2 tails are detected at value low for a major channel . When the price is higher above the value high, We found the tail as price reject and reversal. For instance, you can observe the trend is up before the tail(1) created. U-Turn has been seen after the tail formed. The same thing happened for the tail (1) to...
NSE:ICICIPRULI is approaching a very crucial long term trendline resistance. There is a prior gapdown, Monthly Pivot R1 and Fib 0.618 acting as confluence of resistances. Highest Call OI is at 340 strike price. For more updates join our telegram channel t.me
NSE:BEML reversed from strong resistance zone 940. Monthly Pivot R2, Natural Resistance, highest call oi at 940 and shooting star pattern
NSE:BAJFINANCE is near strong resistance. Trendline resistance, Monthly Pivot R1, Highest Call OI at 2800 and dark cloud cover candlestick pattern
Symmetric Triangle in formation in Titan with Central Pivot, Bollinger Upper Channel, Fib 0.5 acting as resistance. Prior trend is slightly bearish.
NSE:RAYMOND is facing resistance near long term trend line and supply area is in between 790 - 830. 825 is the monthly pivot R1 with 790 as fib 0.618 resistance.
NSE:CEATLTD formed double bottom pattern with 1138 as its neckline. RSI Bullish Divergence can also be seen with pivot R1 of this month and prior gapdown acting as resistance. Highest call OI is at 1150. So, based on above observations NSE:CEATLTD will be bullish if it sustains above 1150 with good volume. If it reverses from R1, it can fall until Central Pivot Point.
NSE:ACC looking bearish as it approached major resistance level of 1500. Trendline resistance, Supply area, Pivot R1 of this month, Fibonacci 0.618 are acting as confluence of resistances. Highest Put OI at 1500 strike. A bearish candlestick pattern will confirm the reversal and bearishness. If it reverses, 1394 is expected.
WEEKEND SPECIAL: NUMBERS TO KNOW BEFORE THE OPENING BELL TOMORROW 24/12/2018 At 7.10 PM IST, 23rd DEC 2018, GLOBAL MARKETS UPDATE NORTH AMERICA Dow Jones Industrial (USA) 22,445.37|−414.23 (1.81%)| Dow Jones Transportation (USA) 8,874.79|−155.15 (1.72%)| Dow Jones Utility (USA) 722.38 |−7.04 (0.97%)| NASDAQ100 (USA) 6,046.56|−196.64...
looking at the indices and sectorial stocks kotak and hdfc dragging , while all others pulling it higher , icici still has a 10% upside left while sbi will follow and will keep on making a higher high. yes bank may consolidATE as like axis bank . Indusind will approAch new LTH . and sooner or later hdfc will come into picture to keep the show GO ON !
Price Prediction - Learning - Trendlines (External / Internal) - Entry points and intersection of external and internal trendlines - Target price based on intersection.
Nifty Range Levels for 6th June based on daily price action Please use this chart in coordination with this earlier chart I posted which is based on a wider range of price action:
Nifty Ranges valid from 4th-8th June. It is a wide range so trade carefully. I have displayed 4 hour candles in the chart so the entire range is visible and yet the candle movement too can be seen on a day to day basis. Also the Ichimoku Kinko Hyo should guide viewers about the bearish/bullish price action in the 4th-8th June trading week and accordingly set...
These are the results of some range calculations I have been using regularly for some months. These Fibonacci based ranges work for any candle duration. The present calculation is based on price action of the week April 23rd-27th 2018. Valid from April 30th-4th May 2018