Maruti near all time high and resistance find attached chart we might go for handle invalid closing above ATH Weekly RSI Negative divergence if you are holding positions be cautious 2 days continuous selling from higher levels
Tata Steel ltd seems falling wedge pattern. Its bearish pattern. If price does not sustain above 106, it will move downward.
Bitcoin is forming a double top pattern in 1h time frame.The pattern is already retested two levels.If the wave breaks the support 1,a short trade can be initiated with the risk to reward ratio of 1:3 as seen on the image.It can take retest the level of support 2 and support 3 as well,so be patient.Also,US fed reports are coming so market can be volatile.
Hello dear traders. Gold has given mixed signals. In my opinion it is still under bearish pressure but with lack of strong downtrend momentum right now. 10Y and 30Y yields and DXY are green, so this has already pushed prices down fomr the multiple times checked 1670 level. 1670 was great for 50 pips sell. On the other hand there is the 4H ascending trendline...
Reliance Industries looks like a head-and-shoulders formation. If the price breakout the neckline & sustains below the 2600 , the pattern will be activated. See downside upcoming target 2440.
bitcoin follows DECENDING WEDGE when it break the wedge it follows the arrow which i drawn.
#BTC All Support and Resistance in one day chart pattern
Nifty - We are looking at daily candlestick chart Observations - On 16 Sept Nifty opened gap down between 17877 to 17796 - coincidently Nifty 76.4% retracement level is also around same level 17777 - for 4 consecutive days Nifty is struggling at 17800 levels - With 1 hour's trade to go today volume is on a lesser side Given the conditions, fresh longs in...
ICICI Bank We are looking at daily candlestick chart pattern Observations - ICICI Bank chart reflects it made a gravestone doji on September 15, 2022 (indicates previous buyers were happy to sell at 936 odd levels) - subsequently we saw profit booking in the stock - now the stock is back at 920-940 odd levels - we see ICICI Bank still not making a decisive...
WTICOSUD(Crude Oil) is showing some interesting movement on major levels. Major upper and lower levels could be breached in the future. Crude Oil is showing a strong upward movement in the 1Hour chart breaching the level of $87.894. It seems that the counter is consolidating, if the price retests the levels of $87.80 and makes any type of bullish...
Distribution Schematic #2: Wyckoff Bearish Phase D in progress
#Banknifty harmonic near to profit booking zone Strict SL-38735 CMP:40373@19 October 2022
As Per Elliott wave theory NSE:BALKRISIND looks bearish for short time, formed channel in wave C expecting minute Wave 5 will reach till fibo ratio 0.786 or 1688, and possibly reverse. if price goes beyond the invalid line or breaks channel upward then markings need to recheck. Risk management is Imp, use stop loss, Happy trading.
Tata power looking Bearish in Big time frame in 1week candel there form Head & Shoulder Sell bellow 200.
#axisbank is a perfect short candidate, it should take a U turn soon, this is only for education purpose, no advice for buying or selling
Will Crude “Break Down” Or “Rise”? The current crude chart raises a lot of questions..... Will wticous(crude) break the recent low, or will it show recovery for an upward movement? Is the support level of 83 valid? Are the fibo levels in the 1hour chart working in the favor of a bullish move? If at all the price breaks the 83 mark or support, where would it...
Start Bullish Rally on 16-10-2022 to 18-10-2022 Start Bearish Rally on 18-10-2022 to 20-10-2022
NYKAA is looking very weak in chart, after testing 3rd time its 9 months long support last week it finally break down. Consecutive lower high formation after testing the support is further confirming the weakness. Taking reverse Cup & Handle in consideration It is supposed to test 675 level in coming months.