Idea Price just convincingly broke the 52 week price level on Falling Wegde Chart.
A head formed on 18 oct 2021 with two shoulders. Left formed on 27 sept '21 making a high at 195.50, similarly right formed on 09 Nov '21 at 221.60. the neckline, however, is not so clear but somehow formed at 206.60 and tries to recovers at 207.10 with vol buying of 797.047 but utimately falls on 206.05 on 25th of nov. The record selling and short selling of...
Levels to watch ..........................................................................................
METAL INDEX: Formation of HH HL on daily time frame. Bottom formation is done in metal index. We need to see impulsive price action to confirm for a new high as a continuation of the larger uptrend. Till then it is confirm that there should be a bounce at least in all metals. STOCKS TO WATCH: TATA STEEL (MY FAV.) , SAIL , HINDALCO , jindal steel is also...
As compared to Nifty in previous analysis BNF is showing much more bearishness and has corrected about 15% from the top whereas Nifty is around 10%. The previous rally that started on 30th Aug. is completely wiped out which in itself is not a good sign. Though BNF is hovering near support it had a great opportunity to break past the triangle pattern in smaller TF...
Nifty has been in negative territory from past few days also forming a H&S pattern on the top, a highly traded pattern, for about 1000 pts. target which has been completed a few days back. Now, after a few days of pullback a negative candle is formed on last trading session it may continue the trend in the direction of the primary trend i.e. down. But, there's...
Before getting started for high opportunity Trade Setup. Let's understand the about Diagonal. What is exactly Diagonal: It is a five-wave overlapping structure, wherein each wave subdivides into three smaller waves. It is typically an ending or terminating wave pattern and is found in the fifth wave position on an impulse wave and the wave C position of A-B-C...
HINDALCO INDS It has broken a trend with the perfect move, chances are for long. I have marked the support and resistance
After ex bonus, IEX is under symmetrical triangle movement. Rs.250 is the critical range to determine the upward or downward movement. Fresh sell / profit booking may be expected once the bonus shares are credited to DMAT account.
can 36200 can become new value buy zone for 36800/37000 if 37k breaks than how much upside ?
Elliott wave analysis of Ethereum confirms its 3rd wave journey pattern. Wave 1 - Finished at 4384.43 on May 12, 2021 Wave 2 - Finished at 1718.41 on July 20, 2021 Wave 3 - Sub-Wave 1 - Wave 1 - Finished at 4030.35 on Sep 3, 2021 Sub Wave 1 - Wave 2 - Finished at 2651 on Sep 21, 2021 Sub Wave 1 - Wave 3 - Sub-wave 1 - Finished at...
USDCAD trend very positive support level very strong will buy this pair with stoploss
For Beginners who don't know the real meaning of RSI RSI---RELATIVE STRENGTH INDEX As the name says it shows the strength of a particular stock or index. More the RSI more the strength RSI above 40 indicates very little strength 50/60+ RSI stocks indicates very good strength....But RSI above 80 indicates that the stock is little overbought and may consolidate but...
S&P 500 1D Chart Observation 1 - S&P 500 is presently at the lower band of the upward channel formed since April 2020. Observation 2 – Focused view of the last 2 months shows, S&P 500 is seen taking support at 50% retracement level (Oct 4 Low – Nov 22 High). Conclusion: S&P 500 taking support at 50% retracement level on two months chart when it is at the lower...
Should we trade Nifty 100,500,1000? Many people are confuse from where we should start and which stock list we should cover.
Entry, stoploss and Target are mentioned in the chart. For more details feel free to ask me. Disclaimer : It's only for educational purpose.
Why this Trade..?? 1.Head & Shoulders Pattern(Depth is still Pending) 2.Market Sentiment 3.Trading in a Falling Path 4.Next Support 16690 is yet to reach Buy or Sell based on the Support Break with Volume This Analysis works for sure!!! Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before...