JSW STEEL showing clear negative divergence on daily charts in short term and medium term
Use stochastic indicator when the stock is in range, inside a channel (paralle,ascending,descending). To be used for swing trading is the safest way to utilize stochastic. Thanking Subhag Ghosh for motivating to make such a post.
FLAG = Impulse + Correction 📚 LEARN MORE 💰 EARN MORE With ForecastCity After a significant drop in Bitcoin price , the price is in a correction wave. What makes the chart interesting today is that: . Bitcoin is likely to challenge the 18042 ~ 18227 resistance area. . A break above 18227 could push the pair to the 19487 area . . A resistance rejection ,...
SBILIFE - GAP HAS BEEN FILLED VOLUME HAS BEEN EXPANDED RALLY CAN RESUME BACK NOW IF HOLDS THE SUPPORT
ADANI ENT - SHOWING SIGNS OF EXHAUSTION OF PAUSE OF TREND ?
GODREJ CP IN A RISING CHANNEL ON THE LOWER LEVEL SUPPORT GOOD LEVEL TO BUY WITH 1:3 RISK TO REWARD
SUN PHARMA - KEEP AN EYE
ITC after falling has done a good recovery making a rounding bottom pattern and once again has came to its in decision making zone. If it sustains above 210 a good upside move can be expected.
📚 LEARN MORE 💰 EARN MORE With ForecastCity Descending Triangle Definition: A Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high. It is defined by two lines: . A horizontal support line running through valleys. . A Downtrend line drawn through the peaks. The lower highs indicate...
DHANUKA has given breakout on 1h time frame, however it is trading at resistance trendline on daily time frame. watch this stock for breakout, 700 on lower side and 760 on upside, in future date upside price may change as it is descending triangle. if it breaks down 640 is a good price to enter, which is a 200DMA.
on 15min time frame it has given a Descending triangle breakout upside, however 330-332 looks hurdle, once it crosses, it can go upto 345 level which is recent swing high.
NIFTY PSE were all under performer during the current rally. Are they likely to perform now. Charts formation is good. Study the Chart carefully