S&P500 is continiously rejecting from its long term counter trend line
there is a huge possibility that s&p500 will touch its pre-pandemic level very soon
Hey.. What do we get if we analyse one chart with two different theories ?
Is it a good idea ?
We use different techniques and methods to analyse a chart.
Some traders use chart patterns, some use moving averages and others use any other technique.
We all did the analysis to determine the trend of that instrument.
What if we use two different theories for the...
B-Nifty PCR 1.30 over bought
B-Nifty RSI 70+ over bought condition
B-Nifty at major trend line resistance 36750-860 it may correct from here, if cross and sustain above it may test 37450 future levels* ( Must correct from here) for previous Gap Fill.
Bharti Airtel Ltd down trend moving towards support. It is higher low formation. Still it's Bearish control check with Fibonacci level. Refer next move mentioned in daily chart. Its good for swing traders.
Script Brokeout from a falling counter trendline and a supply zone of 230-235 with 2x the average volumes. We can target for 270+ in upcoming days. SL can be placed around 222.
Happy Trading :)
Disc: Chart posted only for learning purpose.
ASHAPUR MINE CHEM As per Daily chart analysis has a strong multi year resistance line at 111 level and after couple of months down trend channel the stock is moving up and once it breaks 111 level then target 118 is achievable
A decently medium term upward trendline originating from November 2020 has recently been broken by TCS. In fact, it seems to have started respecting recently formed downward trendline. After the recent pullback to the trendline and the averages, it is seeing the beginning of another bearish leg...
As you see in the chart there is the downtrend line and Banknifty still below the breakout.
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For tomorrow we follow simple Strategy.
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We will buy CE once Banknifty breaks 32682, before that we can follow sell on rise strategy.
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We will buy PE once Banknifty go down below 31690.
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So on tomorrow banknifty can go in upward because yesterday hdfc Bank declare the...
Alert!!!
Sail is breaking the 1D time frame channel and going down.
Trade on your own Risk! Use this Opinion for reference only.
Like and Share this idea. Happy and Safe Trading!
Past results dont mean future results , but indication says market algorithm will see a nice downtrend or consolidation between the 40 area, and as FALL and elections come, be prepared for fear in the markets.
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,...
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! :)
On August 9th, Coal India stock broke its 15 min, 30 min, 45 min and 60 min up trend line to provide short term traders an excellent shorting opportunity to mint some big money. Coal India may slip to 202 from its current market price of 207.60.
