As per chart there are 2 scenarios.
For Long - If it breaks 770 take entry for long. once it breaks this will reach Fib target (1.61) 837 with out any noise.
For Short - if it breaks 698 we can take entry for Short and the target are 685, 670, 651.25 (as per Fib)
and 630 ( previous day support.)
But in my view infy will...
Power Grid formed Symmetric Triangle pattern.. This is formed in uptrend. As per the rule this will break out and move upward.
Buy Entry - 208.8
Stop Loss - 205.75
Target - 217.00
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Infosys has broken out of a long consolidation range and further we could look at a trendline resistance cracked. Daily candles have been solid for past couple of days. Noticeably, breakout candle had massive volume. These factors advocate strong bullish bias. Potential magnitude of upward movement can be derived from the depth of the consolidation which suggests...
It has been observed on the daily and weekly chart that the price action breaks out from a downward trending line at support zone indicating buyers come back. Once it closes above 29 levels then it shall further race up to new high levels.
The company is also at good valuations, trading near its book value of 27. With low P/E and continues growing revenue, it is...
In Coming Weeks Bank Nifty is expect to Fall in up to 28750.. Since this is 2 hrs time frame.
previously i also posted this.. this updated of the previous one.
Target will reach minimum 1 Week to 2 Weeks.
Target is 28750...
Lets see in coming week..
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We can see that BTCUSD is moving inside its resistance and support lines. If the breakout happens on the upside(Resistance line) then we can see $18000 which next big resistance as the rally is on bull mode. If the breakout happens on the downside (support line) then we can touch its nearest supports levels ($9700-$9000) as we can see trading volumes are going down.
After 10 weeks of consolidation, Mindtree looks to break down from the range. However, it would be better to wait for a daily close below 964 for confirmation. Noticeable supports are at respective Fibonacci levels and a rising trendline.
Gillette produces a monthly breakout. After a consolidation for a period of 16 months, price broke out in April very strongly. Technically, the consolidation phase can be considered as a bullish continuation pattern i.e. Bull flag and that means a big uptrend is only about to begin. Technically speaking, potential for the upside is nearly 45%.