simple support and resistance trade setup
If NIFTY sustains at its levels then BHEL will easily catch 42.50 level and the new resistance level (target) will be 44.40. (bought @38.65). Comment your view.
S&P approaching long term trendline resistance.. Bulls caution..
BANKNIFTY RANGE : A BREAK EITHER SIDE CAN GIVE A QUICK MOVE. TILL THEN ITS OPTION SELLER'S PARADISE.
Double top.....facing resistance...macd cross over NSE:MINDTREE Disclaimer: This is completely for educational purpose non advisory and non directional
In my previous analysis I talked about The falling channel Bitcoin was in. However when I took another look at it, it looked more like a falling wedge. This does not make any difference in the outcome of the price but this shows that TA can be subjective. But that is not what I wanted to talk about. Falling wedges and channels are my favorite bullish trade...
lets see if it breaks today or tomorrow!
DIVISLAB after a big breakout after results and then a pop up for inclusion in nifty looks tired, RSI on daily in weakening and second high was made with a lower rsi peak, also it is well outside of keltner channel expecting a correction to 3200 and below that to 3140 in sept series SL is 3335 this is for reference only, do your due diligence before trading.
Currently 200 DMA is acting as a Support and 2100 levels as a crucial support for the Stock. Its Just for education purpose....
Triangle Pattern formed by stock and spending time on upside. lets see if it breaks upside resistance or downside support!
FOLLOW
See the chart..buy ban 40-42, SL below 39