As per the pattern, dollar might show a steep rise (60-85° angle) in near future. As per the known situations, in long term dollar may face a sharp fall but before that if the pattern breaks out on chart, dollar can witness a sharp bullish rally for a short term. This explanation is only for educational purpose and isn't any kind of recommendation. Don't take...
In my previous chart, I have discussed how Nifty 50 had a strong bearish breakout. Now I will be making supporting charts which could have been used to confirm the trend. RIL is a heavyweight stock of Nifty 50 & perhaps has a high correlation. NSE: RIL is been making beautiful triangular pattern on the daily period chart. There was a breakout of EMA (...
Ashokley is trying to break 46.45 level. it closes above that level it can rally upto 51 level
Levels also mentioned in the chart
Symmetrical Triangle formation in TCS on daily scale with falling volumes. Can a break on either side lead to a move of around 300 points ?
Gold prices have retrace and consolidated around 50% of prior rally. Multiple breakouts and formation suggest that we may see Gold higher till 48k by the current calendar year.
NSE:CARERATING Descending triangle breakout if enter in SnR zone of 515 - 560 we may see bounce till 540 550 if break 500 support then 450 420 can be seen
Price is at the very important support. Diection will be decided in few days.
Bank Nifty still has room on upside. Triangle formation on hourly chart, IF HDFC Bank starts moving tomorrow Bank Nifty is a buy. KOTAK / ICICI Bank are in downtrend. SBIN And Axis have just broken out of range. Most importantly HDFC Bank has to come out of the range to perform and uplift Bank Nifty.
Triangle Formation on Nifty. Any pullback to 11800 levels should be bought. NIFTY IT is pulling up should support nifty with this push. Bank nifty should support in this endeavor as well. With whole market breadth so positive it is the best time to create a long. Levels mentioned in the chart.