TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. Reward is 4 to 6 times.
On the daily charts a clear sign of range shift is visible on RSI. Right now the stock is at immediate resistance of trend line, above which the stock can further scale higher. On the weekly charts we notice RSI taking support on 40 levels, hence yet another signal of strength. The macd on the daily charts is above zero line. Overall the stock is painting a...
PRICOL has given a break out from long term downtrend as well as short term consolidation. Also it cleared 200 EMA on daily timeframe and near term resistance with huge volume. It might retrace a little bit for good entry opportunities but has 2 major resistance areas at the levels of 44-48.
Today We saw a mixed day, by EOD we saw the rejection from upside and it is reflected on the daily chart. Our levels worked very well today too. What Next? Today it has formed a shooting star kind of candle but not perfect, basically we consider this candle as sign of reversal when market traded near to the resistance zone. But nowadays sentiment is positive...
Bhel Looks Portfolio Stock Because • Positive Divergence (RSI) • Timing wise already consumed 12 years which is more than 7-8 years rally from bottoms of 11 to 390-400 zone going into 2007-2008 Financial Crisis Period • Key Reversal Candle from lows of 40’s is confirmed recently. Short term Trading Strategy Plan A - Buy above 61 for 77-80 Target zone ...
Nifty Daily chart finds a confluence of 2 different bearish candlestick pattern. First the Hanging Man which formed one day prior to last, low of which was breached. This implies that there is potential in this Hanging Man pattern to work and maybe drag prices on the downside. Second, if we consider the last three candles, then an Evening Star shapes up, and its a...
THERE IS A EVENING STAR PATTERN ON CHART...