Double Top formation is Seen in ITC.
Closed with a Bearish Engulfing pattern.
According to me ITC will go Down today.
Short ITC, might be the best trade option for today.
It's just my personal analysis so do your own and I don't recommend anybody to Short It as it is just my analysis.
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
DOW HAVE COMPLETED ITS INTERMEDIATE WAVE CYCLE AND PROBABLY COMMENCED WITH ITS SECONDARY WAVE CYCLE. WHAT I ANALYSE AND FORESEE DOW MAY MOVE INTO CORRECTIVE MODE AND SUBSEQUENTLY MAKE AN ENDEAVOR FOR HIGHER HIGH APPROACH...LETS SEE HOW IT UNFOLDS AND IMPACT NIFTY...
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
According to this Analysis the Upward trend is over(Higher Highs)
And it starts Making Lower Lows. Analysis through Elliot Impulse wave.
Confirmation of lower trend - Fake upward Trend was seen @ !6 July 2020( Dows Theory ) i.e. confirmed by the volume.
Time to Short The Share.
Its Just our Analysis not the Recommendation to Anyone.
Latest daily time frame candle showing a small body and small range hinting at a pullback.
The downtrend followed in the past few days may continue below the the previous low.
Short below 2703
TGT 1: 2664
TGT 2: 2615
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Dow jones Fib Retracement is around 0.618 fromt the March lows. now you may be saying why are you publishing dow index when our main index is Nifty50. just to show that the dow is coming out of bear market and we are not have come out of bear market. we are at the retracement level of 0.38 to 0.40 which means we are way behind global markets. so what does it...
The RSI reading indicates that the stock is at a near term resistance and could see some downside. There have been strong significant green bars and may see some correction or possibly a reversal. A correction and profit taking can be observed around levels of 199, if it breaks down further then that could indicate reversal around 178 levels.
. There is still a possibility of temporary chances to return from the support line(1.21650). if so, traders can set orders based on Price Action and expect to reach short-term targets. In between that retail traders try for short term BUY.
. GBPUSD is in downtrend but if it breaks the support then it will continue the...
This analysis is only for educational purposes, Invest at your own risk!
LUPIN closed at 841.80 on Friday with a decrease in its price and very low volume .
The Pitchfork drawn shows a downtrend with the stock price approaching its resistance line.
Since the gap between the stock and its 52 week high is pretty close therefore a stop loss should definitely...