DXY appears to be overbought on momentum indicators and at the same time there is a AB=CD pattern on the chart
MACD appears extremely oversold and at the same time there is a AB=CD formation on EURUSD. We may see a retracement to the neckline (of the broken H&S) which is around 1.0980-1.10, which can be a great shorting opportunity from a medium term perspective.
The current chart position augers well for favourable formation of two Harmonic patterns, both coinciding at same points and attracts investment for short term of 1 year. Though the chances of the stock moving higher are very bright, at present it is at a strong resistance area. So buy only above 227. One year Target 427. (Should go even higher to 448)
Break Out Retest in Channel. At Support. Potential AB=CD. Volume At Support. Other Details Mentioned In Chart. Positional View For Educational Purpose Only. Please Consult Your Financial Advisor Before Taking Any Decision. I am not SEBI Registered Financial Advisor.
IBULHSGFIN has formed a bullish ABCD pattern on Daily Chart. We can see price rejection from this area. Hope to see a bounce from these levels.
Glenmark is trading at crucial yearly support zone. One can start accumulating it for long term investment
Bearish ABCD - BergePaint - Monthly PRZ: 431-440
Bullish ABCD - AxisBank - Daily PRZ: 625-626
Bullish Shark - UBL - 4Hr PRZ: 1270-1259 Bullish ABCD - 1252-1259 Demand Zone: 1248-1270
Bearish ABCD - RecLtd - 4Hr PRZ: 151.30 - 151.45 Bearish Butterfly - 4Hr PRZ: 151.85 - 153.5 Daily Supply Zone - 151.45 - 155.05
Bullish ABCD - Godrej Ind - 1D PRZ:384-385 | SL:377 | T1:399 | T2: CMP:401.10 04/09/2019 By Ramchandra
Bearish ABCD - PEL - 4Hr PRZ: 2089-2097
Bearish - Extreme Shark/ABCD - TataGlobal - 4Hr PRZ: 282-283
Bullish ABCD - ITC - Daily PRZ: 230-231