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BandhanBank can be shorted with immediate target of 326. Below this level 303 looks to the important target below which current uptrend will be completely change. StopLoss should be used as 342-345 above which original trend continues. Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down to...
HDFCBank can be shorted with immediate target of 1016.90. Below this level 1002 looks to the important target below which current uptrend will be completely change. StopLoss should be used as 1074-1078 above which original trend continues. Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down...
A nice uneven head & shoulder pattern is visible on the daily charts of DJI. A Fib retracement from highest high of DJI shows the next target to be lying on 50% Retracement. Wait for the breakout below 25000.
CONTINUATION GU - FROM 1.25500-1.25700 REGION LOOKING TO GO SHORT GU FROM OUR BLUE ZONE WE HAVE CONFLUENCES THAT AT THE 1.25500-1.25700 REGION WE COULD SEE SOME SORT OF SELL OFF IN THIS REGION WE HAVE 61%FIB ALSO A TREND LINE AND TWO PRICE GAPS THAT HAVE TO GET FILLED UP IN THIS AREA ALSO WE HAVE ELLIOT WAVE WHICH LINES UP PERFECTLY WITH THE 4 WAVE I THINK...
Channels are used broadly by technical traders to identify and follow the trends of securities over time. channel is one such charting pattern that technical analysts will use to evaluate the trend of a security. In general, channels can be used to pinpoint optimal support and resistance levels to buy or sell securities. Head and Shoulder: In technical analysis,...
1) Rejected from 200 EMA 2) Rejected from upper trend line 3) Now shall move towards 9925
For the past few days, its Consolidating in a range. Making a Descending triangle pattern. Now it may break downside. Let see tomorrow. For me it looks bearish below 530 may fall up to 500-510 Shower some LIkes!! If it Helps! :)
Resistance at 1735 1) 4H candle rejecting 1735 2) 1D candle rejecting 1735 3) Can move towards 1650 and even 1550 if it breaks the below trend line
1) Long on the break of 266 2) Short on the rejection of 50 DEMA and or break of the rising trend line
Bearish Target 1) 2340 - 2300
1) Rejection from fibonacci level of 22100 2) Rejection from upper trend line 3) May now move towards 50 DEMA of 20600 4) If bearishness sustains, we can see fib levels of 19800
Glenmark pharma forming bearish pattern.One could look for shorting opportunity.