Yesterday, GBP decreased against the USD by 0.7 percent. Thursday witnessed another cascade of Brexit headlines develop, consequently bullying GBP/USD to lower levels on Thursday and erasing Wednesday’s gains.
The 1.31/1.3064 resistance zone on the H4 timeframe once again served sellers well, composed of the 1.31 handle, resistance from 1.3064 and August’s...
The Trendline has been sharply broken by the candles and is expected to reach the nearby support.
Market is already in Greed mood plus there is no update on Covid, more and more people will try to book profits as the market is in overbought or inflated(PE OF BN is 23.1) considering the current condition.
You can expect a target till nearest support
The Time Frame...
Strong and HIGH PROBABILITY BUY SETUP on Sun Pharma. Currently in the best price zone to buy (510-500). Target: 562, 580
Time duration: HOLD for at least a month. Expected ROI 11-16%
The factors supporting our view are as follows:
1. Price is sitting just above the parallel channel's support trend line
2. Price is sitting just above an important psychological...
Yesterday cipla broke out from its range today it retested and started moving as expected.
Reason to Buy :
1) Broke out from triangle pattern with good volume.
2) Good price action in one hour time frame(Triangle breakout as well).
Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.
Keep an eye on Bajaj Finance it is going to breakout soon (Possibility of an Up trend).
Reason to buy:
1) Triangle breakout.
2) Taking support on previous breakout levels.
Best place to buy is at a retracement levels of 3429.95. Stop loss will be at previous immediate swing levels.
Calculate your RR ratio and take the trade.
Voltas is forming a triangular pattern in 1 1 hour time frame and taking support on daily time frame parallel channels.
I'm expecting a break out in near time. Keep an eye on this stock expect a good rally whatever side it breaks.
Planning to trade for Intraday or max 2-3 days in holding.
Stop loss must be below the immediate swing or support level.
Educational Purpose only!
On daily time frame yesterday nifty opened big gap up and formed inverted hammer. To digest that big momentum it has to go sideways so this is good oppourtunity for option traders, simply sell a infy 960 CE and wait for some days you will get theta value.
Reverse head and shoulder pattern forming on Daily Chart of Kajaria cera. BUY 406, SL 350, Target - 470
* I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Aurobindo Pharma Limited had breached prior 52 Week High 734.80 successfully. Increased volume backing the momentum.
Technical Indicators are Bullish.
Time-trend Indicator is Bullish.
Currently, the stock is moving in a rising channel. Once it breaks out of the channel with Volume, a further upmove is expected.
Swing Low of 698 is the nearest...
TCS LOOKS GOOD ON DAILY TIME FRAME AND A BUY CAN BE INITIATED.
I have analysed it on daily time frame considering few points.
1. Fibonacci Retracements -
Fibonacci retracement levels are...
The 4 hour right is down against 12/13/2019 peak (147.93) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower.
Target 1- 130.50
Good luck !