THERMAX Stock price has broken the crucial resistance around 945 - 960 on the weekly charts. Short term moving average has Placed above the long term moving averages and It has been created a long term trend reversal on Weekly Charts. MACD oscillator has showing strength and Trading above its signal and equilibrium line. So One can Initiate a Long Position in ...
#Atul BSE:ATUL NSE:ATUL trading in #NSE and #BSE with a share price 2450 has breakout from previous resistance at 2438. On daily charts the channel has been breakout from previous resistance placed at 2438. On weekly charts it has been breakout from symmetrical triangle. Volumes have been rising with price rise form 6 trading sessions MACD oscillators have...
As discussed in in.tradingview.com the counter has at last broken the consolidation and started the upward journey. Its for long term perspective, the counter will definitely give excellent returns in 2 to 3 years span. Enjoy Trading...Trend is Friend...
Strategy: Buy @ 2407 and add more for 2600+ target ------------------------------ TCS 0.25% was on uptrend and correcting it's uptrend after hitting 2700 resistance zone . Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave...
Strategy: Buy the dip of 355 --------------------------------------- GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are calling consolidation from 374.90 price and expecting this consolidation will be zigzag correction and can extend to 355.
Strategy: Buy the dip of 355 --------------------------------------- GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are expecting this consolidation will be zigzag correction and can extend to 355. Break of current price 375 will expose to 364 and post that 355.
Talking Points: Technical Strategy: Bearish Elliottwave Count: Either wave (C) continuation or B wave of (B). HTG Note: Larger outlook on weekly chart is showing weakness on long and short term. EURO vs Indian Rupee price is testing weekly trend line. Last time this line was tested on September, 2015 and post that we seen nice pullback towards 77.80...
BSE - the oldest and largest, in terms of number of companies registered, Stock Market Exchange has been listed on its rival exchange NSE on 3rd February 2017 giving handsome listing profits to the traders, opened at 1085, hitting high of 1200 in the intraday itself and then closed at 1069.2 after hitting the low of 1065.1. The candle discovered was a inverted...
It is been observed that the price action broke out from the trending channel and also retraces back to previous support levels on last trading day. It is to observe today that whether the price action goes up again and breaks the previous high of 18 (where we keep our stop loss) or it fails to go up and continues to the prevailing down trend and breaks previous...
Its been observed that PNB has been following an up trending channel since 24 may 2016. Considering the fundamentals, current events and upcoming events I am strongly bullish on PNB. Please feel free to share your thoughts and suggestions on this. PS: A small violation in the channel pattern was observed on the US election results day (09 NOV 2016) when the...
from latest swing low its retraced 61.8% and further it retraced to 161.8% and still it has potential to touch 261.8% . according elliot its 5th wave is still remain so it could possible up move otherwise cos it has formed double top so maybe it can go to lower channel to test channel or . its also showing flag pattern on current situation. it has higher...
1. start of elliott wave at 0 its a second top of chart in very large scale which indicating its bearish in very large scale 2 lower trendline is very strong trendline of its time and tested very well in past . so there is no question its a very strong support level 3 price are on a wedge from long time a month ago it tried to breakout but failed . and trader wam...
This is to support my Hindalco breakout idea on daily chart
It is been observed that the price action forming a descending triangle on daily chart, and now it finally breaks out . from a strong support levels of 8550, indicating a strong weakness and bearishness ahead. Now it shall go further down and shall reach to 8200 levels. Target: 8160 Stoploss: 8690 Risk Reward: 1:3
It is been observed that the price action is trending up, making new higher highs on weekly chart. It is also observed that price action breaks out from a rectangle shape flag pattern. (When the price action breaks out upward against the downward sloping rectangle consolidation pattern confirms a flag pattern breakout). As per the flag pattern, the targets are...
It is been observed that the price action forming a Head and Shoulder pattern on the upside, indicating further bearishness in the price action. It is also important to note that the price action changes from making Higher Low and Higher High to making lower highs and Lower Lows, again signalling bearishness. Good time to short. Target: 338 Stoploss: 355
It is been observed that the price action is trending up in a channel on a weekly chart. On Monday, the price action breaks out and close above the important resistance level of 49 on dally chart, indicating a bullish signal and buyers dominance in price action. Now the price action shall move up as it is trending on weekly chart. Target: 53 Stoploss:...
is all set to go higher from current levels. One can go long on the stock at current levels with stoploss just below 80 levels and targets around 88.5 / 90 levels.