After a long rectangle consolidation, the buyers have taken control and made a new high in prices. I believe it shall go higher as a new wave.
The price action is been ranging from 1516-1460, about range of 60 points for a while and now I could see a cracking or breaking of it that indicates weakness and bearishness. I would suggest to short for now with a stop loss at 1485. Target: 1400
The price action in the strong consolidated triangle breaks upside today that indicates bullishness. Target:91 Stoploss: 86.50
It is been observed that the price action is been consolidation with a rectangular price range and it was earlier also observed that the price action breaks upside but could not sustain the uptrend as we didnt get to see a new higher highs and after a while the price action breaks below the consolidation and now it is confirmed as we go to observe a lower low that...
Since 13500, the price action is moving up steadily with consistent rally and breakouts. Building new highs and new lows on weekly chart. This week it has done the same thing and breaks out from previous consolidation. It signals bullishness in the price movement and now 19700 or 20000 seems achievable by next week. It is good time to go long on private and...
With this rectangular range trade setup, its 8th rectangular range in last 10 days if I check my trading journal. Either Fx or Nifty 50 markets are offering us lots of ranging n breakout pattern trades for past two weeks. Yes, few of them failed but winners overshot losers,just like that. I'm looking out for this rectangular breakout in Infy and will be watching...
The price action is been consolidating for past four days in the range of 120-124 (3-4%). I'm expecting a breakout next week with a big move. It will be interesting to see whether the price action breaks 124 levels and reach out to the previous high at 136 or whether the correction continues and the price action breaks 120 levels and reach out to 115-116 levels to...
Target 567-69 Stoploss: 555 Recommended to Book partial profits once it may reach the targets.