Retesting of BO. till 128 Weekly closing basisThe Breakout is getting retested on weekly time frame. Its a short till 128 but BTST isnt allowed . So Long term investors may accumulate but this stock might hit levels of 128.
On upper side above 145 closing for 2weeks may show a strong support. RSI too weak for the candle. Volumes are also low.
Bearish Patterns
💡Don't miss the great sell opportunity in GBPNZD Trading suggestion:
. There is a possibility of temporary retracement to the suggested resistance line (1.9765).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPNZD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.65.
Take Profits:
TP1= @ 1.9650
TP2= @ 1.9610
TP3= @ 1.9545
TP4= @ 1.9470
TP5= @ 1.9380
SL= Break below S2
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💡Don't miss the great sell opportunity in NZDUSD Trading suggestion:
. There is a possibility of temporary retracement to the suggested resistance line (0.7270).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 0.6940
TP2= @ 0.6775
TP3= @ 0.6615
TP4= @ 0.6385
TP5= @ 0.6240
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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ForecastCity English Support Team ❤️
Banknifty - Lower highs formation | BearishContra bet in this bulllish Market.
Banknifty chart seems to have topped at 37700. Since then, It has been printing Lower highs with base of 34500 - 35000.
Index must break the lower high formation to turn bullish again Or Break the base of 35000
Index may test Previous All time high of 33000 which also happens to be 61% retracement of the whole 30000 to 37700 move as per fibonacci retracement tool.
Wipro on 15 min chartWipro has been forming a bearish continuation pattern after sustaining below 200 ma line. This indicates that Wipro is in major downtrend and this must be a small correction or retracement. There’s a possible chance for reversal because there’s 3 reason supporting our statement.
SUPPLY ZONE
200 MA LINE
FIBONACCI 61.8% level















