Price bounced from the support zone and also break the trendline with the momentum, Now we need a clear pullback to enter into the buy trade.
A clear trendline break signal now we can wait for a pullback to enter in the market
breaking out of flag and trend line pattern
Description on chart....
Description on chart
Description of analysis mentioned on chart with Targets.
REC LTD has broken resistance trend line and will move skywards ....
It seems to be moving in an upwards channel pattern. Support / Resistance marked on chart. Looks like it will touch the upper RESISTANCE LEVEL (LIGHT BLUE LINE) and fall back.
Crude oil chart posted earlier today.... same one updated with RESISTANCE LINES. Channel has been broken and now it remains to be seen if RESISTANCE will be broken on upwards movement.
BALRAMPUR CHINI Daily chart shows wedge formation. Trend lines showing support and resistance met. The BLUE lines also show where it has met support multiple times.
REC LTD from the past few HOURLY trading sessions, has been in an upwards channel. Channel breakout / breakdown may give good up or down movement.
see the chart above.
Bharti Airtel stock is expected to go down upto 300 or 310 level tomorrow
SELL BELOW 813 FOR TGT 760/730/673 (EDUCATIONAL PURPOSE ONLY)
on monthly scale we saw a bullish harami candlestick formation in nifty . we tested the low of that candle this month i.e 10350 going forward its clear we have very very strong support at 10350 level. we have been always vocal in our past posts about buying nifty at lower levels for a new high. same strategy will be used in future- buy on dips with sl of 10350
If this test fails then new levels may open up on the downside and the recent swing low of 2603 may be in threat.