MOTHERSUMI after price correction Price is currently ranging in a zone
Breaking 163.50 Level Price can test 175 Levels
Weak Below 152.50 Level
Between these Levels avoid Trading
Resting on imp. Level of Fibo currently.
Silver formed inside bullish candle in 4 hour time frame, and breached consolidation zone.
1) 67,500 (that is 50% Fibonacci level), if it sustain on that level then we can hold to achieve the next target.
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Educational Purpose Only.
OVERALL TREAND - STRONG BULLISH
ON 19TH NOV,AFTER WIDE RANGE OPENING BULLISH CANDLE,PRICE STRUGGLED TO MOVE HIGHER AND VOLUME ALSO ON DECLINING SIDE
AFTER WHICH SHARP DOWN MOVEMENT HAPPENED WITH WIDE RANGE BEARISH CANDLES ON HIGH VOLUME
TODAY WE CAN SEE EITHER,
>>>>>>>PRICE TEST RESISTANCE LEVELS 4652-4678 AND THEN MOVE DOWN TO SUPPORT...
Both for Intraday & Swing. Tech Mahindra has been consolidating for a 2-3 days. It can give a breakout either for long or short. No Trade Zones has been given, if it breaks either of it, it will give good targets.
ICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation.
Stock is in short term uptrend above 380.
There is high resistance at 390 and 415.
Suggest to book partial profit at these levels if you have positioned it at below levels.
If there is good momentum in NIFTY and BANK NIFTY and if it sustains above...
By my PERSPECTIVE if stock want top go up it has chances to make MOUNTAIN & HILL pattern before going up!
Or it will CONSOLIDATE between CONCOLIDATION AREA !
Tommorow It has Chances to open up!
This Analysis is for EDUCATIONAL & INTELLIGENCE pourpose,Trade at your own risk!!
Manappurna finance has given Head & Sholder + Parallel channel breakout in the daily time frame today . Possible consolidation near 143.25 level because of the previous breakout level makes it important (Purple Rectangular Area).
Upcoming support zone will be around: 134.50. Good Shorting Opportunity.
Stop-Loss must be over the immediate resistance level i.e...
Infosys has seen a correction and a recovery. During the recovery phase, we also observe that the third Elliott impulse wave has been completed and the corrective waves have started. The last 2 weeks has seen a consolidation in the stock with a couple of attempts to both break above and below the consolidation. The counter is now seeing some exhaustion and any...
VIP Industries in recent weeks is in a sideways trend since February. Taking a broader look we could find the price action is forming lower highs and higher lows leading to a triangle pattern.
Currently, the stock looks to be in the middle of both the patterns and only a breakout could give us a clue on next big swing. It would be wise to get in if either 485 or...