After surpassing the 197 resistance level, the stock is currently trending upward within a defined channel. It exhibits remarkable strength, indicating a potential breakout in the near future. Maintaining a hold position is advised, with a target of 250 and a possible extension to 300.
IEX- its breaking out from the previous support after retesting it. Expecting a target of 225 based on simple elliot wave theory. A rounding bottom can also be seen. So can expect much higher levels as there could be a possibility of an extension of the 3rd wave. Will watch and update. Disclaimer - I am holding this stock This is only an illustration of...
This is an update to my earlier post of Orient Electric. The correction was not complete then though i incorrectly assumed that it was over. It further went down and bounced from 190 to 200 levels and formed a leading diagonal in the 1st wave and currently wave 3 is in progress. Also seeing a rounding bottom. Initial Target is 300 and then 350 - Lets see how it...
Bulls Charge, But Bears Lurk Below Support: 6890 (New!) Resistance: Watch for 7025 Long: Above 6960 (SL below 6890) Wait: Confirmation of uptrend (Price, Volume, Indicators) Short (Aggressive): Below 6890 (High Risk) #OilTrading #CrudeOil #Breakout Disclaimer: Educational only. Not financial advice.
Fin nifty is expiry today and chances are its in Range bound and if it breaks its range it move upper side
Monthly RSI> 60. As we See in previous posts when RSI crossed above 60 then it go up minimum 20 percentage Max we can't say
#BTC Bouncing from Key 10-Month Trendline with Weekly Bullish Divergence: Targeting $90K #Bitcoin (BTC) is currently bouncing off a significant 10-month trendline. The weekly time frame clearly shows a bullish divergence, indicating a strong potential for a substantial upward move. This momentum could propel BTC towards the $90K mark, suggesting a big rally is on...
TAKEN SUPPORT AT FIB 0.618 with rsi positive divergence on daily charts. Accumulation initiated. BREAKOUT RETEST OF APRIL 2022 HIGHS. PRICE NEAR SMA 200.
Fundamentally stronger. Capacity Expansion for ethanol production completed in Jan 2024, further addition underway. Excellent management commentary post Q3 results. High accumulation completed above Rs770 with huge Volumes. Consolidation done between Aug 23 - Dec 23, before breaking out above Rs770 levels. Goi intend to increase allocation to produce ethanol...
Falling Trendline from the year 2017 breakout. Shall sustain above Rs232 for upside till Rs275 and then Rs333 post Q4 results. Volumes are at all time high, huge accumulation on Budget day. Good Q3 results, SL Rs200. Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by...
Waiting for price to move above Rs855, Buy on every dip now, time has come for this. rise upto Rs900-930 initially, SL 810
REMAIN CAUTIOUS, RSI bearish divergence, Stock in Distribution phase. Similar to June 2022 structure. GOI has started revising windfall taxes upwardly due to recent higher crude oil prices. SL only if crude oil starts falling sharply. SL If stock prices start moving above Rs1100. Disclaimer : Above scenario just for educational purpose and study of graphical...
It is on the verge of breakout, SL is the BO Candle Rs348. Long overdue run up pending alongside other Adani group companies. Q3 results are descent. May move quickly towards Rs411, Rs510 and upon sustaining then upto Fib ext 1.618 levels. Rsi above falling trendline, soon cmp will catch up with the move. Adx showing strength. Price at 200sma. Disclaimer : Above...
Ride the Bull Cams Ltd, trading above major resistances of Rs2971-3025, sustaining above these levels shall make it travel towards fib ext 1.618 levels and previous highs. Promoters has exited completely in December 2023, new investors like Fii and Dii have lapped up this company. Rsi in Daily/Weekly/Monthly are near 64/68/64 Adx showing strength in the...
Price breaked above neckline of the pattern. idea is to wait for retracement till FVG zone if there is no strong break out above channel.
Olectra may retest previous breakout levels because Rsi losing strength and given breakdown. Retest levels Rs1800-Rs1700, further breakdown could take it to Rs1450 levels. SL previous high of Rs2222 closing basis. Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by...
Waiting for a daily closing above Rs75.50 or RSI crossing level 64 whichever comes earlier. Trendline support is intact from the 52week lows. Good Q3 results, SL below previous swing lows for a ride till fib ext 1.618 levels. Macd signal positive, histogram showing strength and macd about to be above Zero. Strength after ADX crosses 30. Disclaimer : Above...
Deepak Nitrate Cmp 2616 dated 1-7-2024 1. H&S pattern on chart 2. RSI Reversal Buy @ Cmp target 2645-2680-2700-2750-2800-2850-2900 SL 2500 It is just a view, please trade at your own risk.