The price of the counter USDCAD is retaining below the resistance trend line. The trend line has been tested thrice at prices of 1.2634, 1.2630, and 1.2621. The price is still under the resistance trend line and there is no indication for a breakout. Today the price started moving downwards and the selling pressure of the market may pull the price...
MGL sell Below 834.60
Stoploss - 855
Target - 756
Risk - 2.42% & Reward 9.42%
RR Ratio 1 : 3.90
Reversal or Continuation Pattern
Prices are moving upward, forming higher highs and higher lows, but the price is confined within two lines which get closer together to create a pattern. This indicates a slowing of momentum and it usually precedes a...
Exit Holding if : Closing Below 78.50
Stop-Loss : 85.80
Minimum Target Price : 53.25
Risk to Reward 1: 3.6
Of course, It's not a trading opportunity as we can not short sell this stock and make a profit. But Those who holding Prajind in their portfolio can exit and enter at a lower level again.
It seems convincing enough to sell the stock based on his recent...
FEDERALBNK MOVE RECTANGLE BEARISH PATTERN POSSIBLE MOVE IN DOWNWARD KEEP WATCHING...
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging...
Since festive season is over here in North, I might spare some more time to write on TV.
Let's begin with this post on Nifty. In my last post I tried to time the market in anticipation of a correction. Although market reacted for a few days from there, yet I can't call that a correction. Price-Time analysis has once again been hinting at something but this...