It has activated a False Breakout Continuation Pattern. It could retrace till 360/400 (which also happen to be Ichimoku based Cloud resistance levels) provided it does not go below 305
Stock is showing a strong momentum. It has been taking support at its 20 EMA. A formation of a Symmetrical Triangle is seen in Wave (iv) which if broken we may see a decent rally towards 2800 levels.
Current Structure is looking slight bullish. On a daily the stock is holding it 20 EMA. Strong support is seen around 800 levels. Immediate support is around 840 which if it holds and crosses 885 we can expect a decent move towards 940-970 levels.
It has been in a broader range of 302-270 so far. On the downside 270-265 is the support zone which if broken we can see accelerated selling towards 250-245. On the other hand if it sustains above 302 we may see rally towards 325-330.
It has given a breakdown in hourly charts which suggest a retest of 440/425. View would negate if it moves above 466
We completed 5 wave rally and entered a correction. As per EW guidelines after an impulsive move the corrective structure ends in the territory of Wave 4. Here we can clearly see a sharp bounce towards 9600 from the potential support zone (Wave 4). This Relief Package High is going to be a crucial pivot for the short to medium term. As long as we remain below this...
It has been trading within a triangle ever since it activated a Bearish Alt Bat. Above $1735 the triangle breakout suggest $1785 which is the 2nd target of a Bullish Dragon. As per Ichimoku study, the momentum for upside has a decent probability to start tomorrow. It should be noted that triangle breakouts tend to be the last of a trend, this could turn out to be...
Stock is facing resistance around its 200 SMA on daily chart. It is trading below its key moving averages. Expect it to go below 1200 in a medium term. View negated if breached 1450
Just Dial a weak stock is now in a ideal zone to initiate fresh short. Traders can look for shorting opportunities in the counter. Expecting it to kiss 315-305 level soon.
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It has given a triangle breakout which is suggesting 565-570 as long as it remains above 532
EMA and sma