Bears are trying their best to pull market back to the correction, as we had seen a great jump in the asset in past few days;
Now it's the time to bring back the market for correction.
1.2100 is the expected target but the traders can do the partial booking before also and use a trailing stoploss if possible or trail it manually.
Since making a panic bottom in March 2020, Indian Markets, along with rest of the globe, have rallied in an impulsive fashion. The entire up move can be plotted as a five wave impulsive structure. The wave counts here also coincide with the prevailing social mood and the level of broader participation which has progressively increased with every successive up...
As we can see the channel pattern has broken down with a huge red candle.
Which shows a weakness in the script.
The price may go up for a Re-test(620-630 zone) and then the price may fall as expected.
Entry Price =625-630
SL= 639.80
REWARD=490 (at least 18%)
PS: This is just for educational purposes.
If any doubt, feel free to reach.
From the highs of 1125 made in june 2021 , stock had given a fall to 984 levels & then rebound in a choppy manner to the level of 1080. Right from there we have seen an impulsive fall & stock has broken the support zone of 1000. This level will act as resistance & stock will likely to fall further and will reach to the zone of 940-20 again.
One should short...
- There is RSI divergence on weekly time frame
- Also on the same time frame there seems to be formation of a Rising Wedge Pattern
- The "horizontal" trendlines and the box can assumed to be key support levels before further movement
Forming a bearish triangle pattern on 15mins chart.
Keep on watchlist for next day.
Disclaimer: This is my own analysis and not a recommendation. Plz do your own analysis before trading.
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TECHNICAL ANALYSIS OF NSE:VBL
The LAST CLOSE PRICE of NSE:VBL is 716.45. The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.786 at the FIBONACCI STOCK PRICE LEVEL of 716.45. From here, the Key Support and Resistance levels are SUPPORT 1 at 750.84,...
