TV18Broadcast is at the lower trendline support rite now.. Its time when it will either bounce back and go higher or break down and go lower from here..
Dear Traders
Triangle formation of BPCL in 15mins chart and it may break either side.
Hurdle for long - EMA 50 lying above the price and it will act as a Resistance.
Other indicators like MACD, Stochastic and RSI looking bullish.
No trade until the price break the triangle.
Dear Traders,
Descending triangle formation in 15 mins Chart of Arvind. Will it break the support or move to resistance ?
Buy or Sell - will decide on Tuesday (15/11/2016)
Buy above 376
Target - 380.5
Points gain - 4.5
Sell below 368
Target - 362
Points gain - 6
Happy Trading...!
The chart has made a Cup with handle pattern but getting overhead resistance before reached the target. It has also formed beautiful triple drive on the top pattern and bearish engulfing in the last bar, therefore I would recommend to short it at current level with stop loss just at the high made a bar ago(on closing basis). With little bearish strength it could...
