DTL BO (Down Trend Line Breakout) Even Oil N Gas stocks are also setting up to move : ONGC (being my fav with good results, check older posts), Oil Ind, HPCL, BPCL, IOC, Gulf OIl.
After we had a slightly red day, i am not changing my stance to bearish yet. I would prefer the 22781 critical support to be taken out before going short. I still believe N50 is catching its breath after the 1100+pts run from 16th May, but the moment we fall below 22871, we are going below the previous ATHs and that could prove quite tricky. In the last 2...
In the last session, we informed that a stance revision may be required if we fall below 48947. Luckily we did not fall below that level today - hence the bullish stance continues. Today we lost over 139pts ~ 0.28%, but the price action proved quite dangerous. The next 1 week to 10 days may be very critical for our stock markets as the election results are coming...
We are nearing a good support zone to enter fresh longs in the markets. Another 100 point dip would be good for buying longs. Overall bias is bullish so entering longs by jumping into lower timeframes would make sense. Failed and retest of bearish FVGs during the dip would be a good confirmation of the second phase of bull run.
The Mog Coin price chart showed an intense battle between bulls and bears. The price reached at an all-time high at $0.000001650, where the candle gave closing at $0.000001500 by May 27th, 2024, after breaking out from a falling wedge pattern. At press time, the price has traded at $0.00000140 with an intraday decline of -7.50%, with a declined market...
am looking at a buy on this pair since it broke the trend indicating a change of trend also the support has been tested meaning it would be a good area to go long
Bank Nifty is at a critical juncture where it is retesting a key pattern and awaiting confirmation of its next move. The DMI is close to a crossover, hinting at a potential shift in trend, while the ADX is already indicating a strengthening trend. The OBV's interaction with the 20 EMA further supports the analysis, as it suggests that buying pressure is being...
Polygon Matic the indian crypto currency network. The most high-tech and advance layered protocol project. It’s in the contraction zone since long time making inverted poll & flag pattern. Can blast either side. High probability of breaking it at higher side. There are several reasons. It’s most under rated coin at the moment & havent pumped in the bull run....
Tatasteel has good bulish flag pattern breakout. Above 133-135 closing can give good upside in the future. It should sustain or retest the flag top levels.
CDSL is a good stock, but it might go sideways. But there is a support level which I mentioned as Danger Zone. Anything below that Danger zone level is a good opportunity to buy/average.
Crude Oil Technical Analysis: Breakdown from Rising Wedge Pattern Current Price: 6560 Target: 6540-6520 Analysis: Crude oil has potentially broken down from a rising wedge chart pattern. This pattern suggests a trend reversal, with a potential decline in price if the breakdown is confirmed. A stop-loss order can be placed above the broken support level to...
As we discussed, Nifty has a sideways or bearish structure; it ended sideways in 1st half, then bearish later 2nd half. If we look at the chart now: The market has broken 50 EMA and a good support zone to the downside. Also, an EMA(13, 50) bearish crossover is about to happen, which might lead to a bearish market structure. The market is making an HNS...
long downtrend, following the levels and preparing for a bearish move
As we discussed, the Banknifty sideways or bearish structure market was bearish while having sideways volatility. If we look at the chart now: The market has broken the support level to the downside with a continuously increasing volume. If the market fails to take support at 50 EMA, it will fall rapidly to the 48631 level. RSI is also below 50 and about to...
Gokul agro has tested level of 150 multiple times in last couple of years. Stock has managed to break the level now with heavy volumes. Stock can be accumulated for big returns in future, more than 2x. Stock is available at decent valuations currently. However, stock comes under high risk category so safe investors should stay away. However, such breakouts...