Care Rating- Triple R Concept (Rise- Retest - Rise)Hello Folks First of all Sorry for not posting anything.
Now I am back and I will be back with a bang.
Let's begin then.
I have shared this chart when it was trying to break out from a W Pattern.
Not what has happened is it broke and it came perfectly back to its breakout level.
A perfect example of resistance turning into support
More interestingly downward sloping EMA which now converted into upward rising EMA and price has taken support exactly at 200 EMA+ Breakout level.
Price action chart for the same is attached:-
We can also draw a trendline from top and wait for that to break for a rise again.
so for now Close above 500 will certainly give this stock wings.
Cheers folks and Happy Trading.
Consolidation
How I made 10 times profits from PRESEARCHThis coin in consolidation since march 2020. It was bouncing off from key support levels marked as support 1 and 2. So my aim was get entry within this range which is marked as buy zone. And on NOV 22, 2020 I was able to make entry into this coin and this reached to all my targets within 2 months time period. Reason of such bullish action is it's very long consolidation, also the long awaited product launch on this coin of decentralized search engine.
I didn't just buy this coin because of consolidation I believed in it's technology and project.
Near Life time high of the stock valueLikely consolidation in the coming days.
In weekly time frame has hit a strong resistance - reflected in the short daily time frame with a bearish engulfing pattern
2 possible outcomes, consolidation in the short term or breakdown and can go upto 450 - 470Rs. per share
Silver inside candle analysis ! Silver formed inside bullish candle in 4 hour time frame, and breached consolidation zone.
Possible targets:
1) 67,500 (that is 50% Fibonacci level), if it sustain on that level then we can hold to achieve the next target.
That is
2) 68,500.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
BANKNIFTY consolidation going onShort Bank Nifty Below 31000:
Target: 30450-30550.
Stop Loss: 31050.
RSI and MACD suggest shorting possibility.
Look at RSI for retracement till 50.
Look at MACD for histogram and preferably trade after the red part of the histogram begins till it peaks.
Target Won't be activated if Bank Nifty Opens Gap up which is unlikely for now.
Long possible above 31500 but seems unlikely right now.
Bank Nifty is in consolidation phase and may seem to continue in the same on 01/01/2020 in which case it is not advised to trade due to the low volatility due to holidays.
Note: This post is only for educational purposes.
ANOTHER INVERSE HEAD AND SHOULDER, BIG BREAKOUT WEEKLY CHARTS!!!Stock hit the upper circuit today which was above the previous high which confirms it's breakout. Position can be made for some good amount of money with the stop-loss and targets mentioned on charts.
GREAVES COTTON CONSOLIDATION ZONE BROKE 109 SOON !!It Broke Consolidation Zone, (1W-TIMEFRAME)
Possible TARGET 109 Soon !!
NOTE: This Analysis Based On 1 Week Time frame,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.