It is important to look at this chart. Price consolidated for three months and then breaks down the support zone. Price seeking for support at the previous low. So if this level holds, fine-- some retracement may come by, else more downside may be seen.
Bearish AB-CD (it can also be a part of Bearish Gartley pattern). Price attempted to break below 200 DMA but could not and in the process made a Hammer . So below 200 DMA, price may see the levels marked on the chart. There is a Negative Divergence on Stochastic . Pivot Point: 2732. 1st support 2697, and 2nd support 2665. As per OI Table there is a strong...
T1 669.1 T2 681 T3 690 idea described in chart.
Bearish AB-CD (it can also be a Bearish Gartley pattern). Price attempted to break below 200 DMA but could not and in the process made a Hammer. So below 200 DMA, price may see the levels marked on the chart. There is a Negative Divergence on Stochastic. Pivot Point: 2732. 1st support 2697, and 2nd support 2665. As per OI Table there is a strong support at 2600...
Could breakdown to 90 levels or low on a weekly chart. I believe, a close below 100 with volumes would be a confirmation.
Validate on daily, weekly and monthly chart. you can find crucial resistance.
Explained in Chart. Disclaimer: All my post are for educational purpose, non-directional & non advisory
638 is crucial -- 200 DMA. Today price reached 200 DMA backed by Long Legged Doji Candlestick and Positive Divergence. If this level is held, price may give a breakout above the trendline then price may head towards resistance levels as marked on the chart.
details mentioned in the chart. this is only for informational purpose, do your own analysis before trading.
Refer chart. double top formation trend line breakdown also possible. Vijayaraghavan.K, Kovilpatti
THIS ONE IS ON DAILY CHART. PREVIOUSLY 15 MIN. CHART IS ALSO POSTED. POSITIVE MOVEMENT IN TATAMOTORS IN SHORT TERM VIEW. DIS.- this chart is only for informational and educational use.
RSI DIVERGENCE SEEN ON BEML DAILY CHART PATTERN. Disclaimer: this chart is only for informational & educational purpose. please comment below if anything wrong in chart.