Perfect butterfly with 1st target at 360 and second at 300, good luck
PEL seen forming bearish Gartley around with PRX around 1360 levels. The pattern is still in formation. Wait for a strong reversal candle in PRZ before entering. I'll prefer a high volume candle for confirmation. Do not hurry to enter, wait for confirmation. Views only for educational purposes, and not a trading advise. Assess your risk and enter any financial...
Expecting strengthen Dollar may send the price below till 1840 area of XAUUSD,
Asian Paints entering PRZ for bearish deep crab. People who are holding cash positions can either exit or hedge. We have hedged our positions with November series PE. I'll avoid trading short here till a conviction is reached as the stock has climbed upwards with a very strong momentum. Very experienced traders might like to try with a naked PE. Trade only post...
The stock has rallied almost 33% in the last 2 months, there needs to be a correction or consolidation phase. One needs to be cautious not to enter long at this point as technical indicators suggest a short set up. 1. RSI negative divergence - The price is increasing at a very fast pace but the strength index is not following the path as indicated in the chart....
Chart says it all. Forming an inverted cup and handle(Bearish). I expect it to breakdown in few days.
Let price close below 525 for safe entry
Euro against Dollar pair, is looking bearish in the 3rd week of October, When you see the monthly chart, bearish Engulfing September month candle still expect to send the price down , in short term view, we can expect the price go down till 1.16 area this week Note - Price action analysis for education purpose only
Last week bearish scenario in Gold against Dollar pair, may continue this week, price may go up to the price area of 1925 , where the Resistance for this set up, from there it expected to continue its bearish move this week, Note- Analysis given for education purpose...
There are many Price Action Patterns indicating that Bank Nifty can start fresh downside rally. For More details: Follow above analysis
Evident Chart, super Bearish Downside Risk Open to 345 - 330. Sell on Every Rise, 380 was breakdown level
On A Daily TIme frame , BankNifty has broken Rising Wedge pattern When Price Action is considered, Dynamic Resistance still needs to be broken at 21023 if we consider bull to come back but not before 21356. Multiple touch of upper trendline that makes dynamic resistance . Upper trend line was respected for almost 5 months. Looking further you will observe...
A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets.
Price can reach EPA. SL at point 5
Let it touch the upper trendline and observe price action at D point