nzd usd is making triple top sell when touch and make a berrish englafin candel or inverted hammer it is good 1 isto 3 ratio trade
Disclaimer: I don’t own shares of Cognizant Technology Solutions ( CTSH ) The below analysis is not a trading or investment recommendation & is only for learning purpose. 1. CTSH entered a long-term uptrend in Nov’21 with price closing above the 200MA. 2.Price broke the previous high around $83 after having retraced 38% to $66. 3.Price has formed a double top...
Go Long above 1229.65 for Targets of 1318.3, and 1406.95 with SL 1141 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618...
For the first time BITCOIN had shown a negative MACD histogram on monthly charts be cautious, also Double Top is clearly visible and RSI has also shown breakdown below 60 making its chart the dangerous one.
Double bottom pattern. A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter...
Spike In volume in 2nd Bottom Compared to 1st Bottom Both Indicating an uptrend
Nifty has formed a clear double top in Day timeframe which shows that if the neckline is broken i.e 16400 then the next stop is at 14500-15000 range.
Technically on the daily charts we see major support on the downside @ 829 levels, whereas minor resistance on the upside is capped around 976 level. If breaches minor resistance on the upside and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 1047/1128 and 1184 levels in Short Term. Next major resistance @...
Technically on the daily charts we see major support on the downside @ 1060 levels, whereas minor resistance on the upside is capped around 1210/1225 levels If breaches minor resistance on the upside and closes above it, we may see fresh breakout and TATA STEEL can Lead towards higher levels around 1375/1429 and 1479 levels in Short Term. Next major resistance @...
Stock is ready for running. Good Bounce Possible on this level Taking support on consolidation Zone.
CITY UNION BANK CMP 131.80 double bottom and W pattern in the formation can bounce till 174
Wipro looking good for swing trading 1. break out of trend line 2. rsi divergance 3. 50% retracement level of fibonacci 4. double bottom so overall looking good to buy only when 02.02.2022 high broken if you agree with my idea please do like. thank you !!
In today's session, Banknifty formed double top pattern on 30 minutes time frame. Currently it's trading near support(Neckline) level of this pattern. According to pattern in case banknifty gives breakdown of this support level then expected downside target of 37280 level which is height of this pattern from it's neckline. Intermediate support possible at 37550....
This is the multi time frame analysis of NIFTY 50 chart. All the levels are key levels for upcoming day(s).
Technically on the daily charts we see major support on the downside @ 2305 levels, whereas major Trend Line resistance on the upside is capped around 2500 level. If breaches minor resistance on the upside @ 2420 and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 2600/2750 levels in Short Term. Next major...
Nice double bottom and trendline breakout with high volume formation on the daily chart. Can create a long position within buying zone of 218-223, with SL - 198 (on day close) Disclaimer - Do your own study before, putting money at risk. For educational purposes only.
OFSS has formed a double bottom structure in hourly charts with MACD crossover , which shows it can once again test the levels of 3700-3750. Long OFSS near 3600-3625.
The excel Industries with a good fundamentals have formed a double bottom pattern at support and retested the support zone. The stock can continue its upmove from 966 level and reachout to new high. DISC: For educational purposes only.