in my view the fourth correction wave is running now .. if my view right then
the fourth wave target something around 28k - 30k . then the last wave of 5
will take the price nearly 11k zone. #btc #eth #bullrun #beartrap
ABBI India Ltd., which is trading inside the parallel channel, is now making a morning star pattern on the support trend line, and there is 200 EMA support on the day chart. Looking at all this, we can expect a bullish trend in the stock.
Here's another chart I am sharing for educational purpose where I see a bullish breakout and a potential 30-40% gain.
Entry - CMP : 370
Target - 490
Duration - 3 months to 1 year
Stop Loss - Weekly closing below 330.
Kindly note that this is not a recommendation and only for educational purpose. Invest only after your due diligence.
The crypto market seems to resume it's bull run. ETH and BTC has broken out of their long term trendline, so did the some of other important alts. Chainlink is trading in the range for quiet a long time. Lets wait for the breakout :)
Granules India has maintained support of 340 price level after breakout.
As identified in chart, Bull has made counter attack the bear candle.
RSI is also increase by taking support of 60 levels,this shows stock is still in bullish momentum.
If volume is consider, current candle has above average volume.
Target of 395 can be achieved in upcoming...
RSI on Aug 29, 2022 - 85.63 / Closing price - 394.50
RSI on Oct 07, 2022 - 84.03 / Closing price - 632.95
Overstretched scenario, Rsi divergence on daily charts make an unfavorable RR.
If breaks the levels 594, next support @ 520/525 (11% roughly)
If holds the levels of 594/590, wait for next BO
Let's understand the RSI Bullish Divergence before we take it into account.
RSI Bullish Divergence
Like all indicators,Divergence also fails sometimes, Success rate of RSI Bullish Divergence is 40-45% for Trade
RSI Bullish divergence will provide good accuracy in Daily Time Frame . As per my view avoid shorter time frame anything below 60 mins
I T IS A SHORT TERM SWING TRADE
The stock is at great support zone .
The stock has formed a bullish pennant pattern.
The first targe t is at 80 and final target is at 84 in short term swing trade.
This is for educational purpose.
This is a chart of nifty 50 since the March 2020 Bull Run start
just observe the shear outperformance against all the other major indices
I guess this decade belongs to India and we are clearly decoupling from other global indices
Bank Nifty looks amazing, as we saw it broke pattern 1 which was a simple channel pattern,
As we zoomed in we realized 2nd pattern (marked in purple) which is called the triangle pattern,
this pattern has already been rejected two times by sellers in the past(shown in the chart)
today Pattern 1 was broken with a huge green candle this shows that buyers are in...
Maithan alloys has given a breakout from a strong consolidation of 7 months,
also we can consider it as breakout a cup also because it hasn't achieved the target of
the cup it has formed till now, but could achieve in recent times .
Strong bull run in this stock is visible which was at halt for time being but now
resumed the uptrend again.