Today an important support of 423 has been broken with a strong momentum having RSI below 40. The price could test the next support level of 414 and if broken then we go for 400. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
With a bearish cross of bands the price has been trading in the negative zone. From these levels the price could give a short trade of 9% to 10%. The level of R1-1,870 can be used as a maximum stroploss level. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The price has given a strong breakdown of Descending Triangle pattern. Also the degree and nature of separation in bands also indicates a downtrend. Hence we are in a downtrend and the price could test the lower levels of 1,048 and if broken then 1,028. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The price is in a strong down trend. Today's candle has changed the character of price. The next important level to consider is 162.30 and if broken then the price could test the levels of 158. Also the degree and nature of separation in both bands indicates the price is entering in the compression zone. Disclaimer : This is my pre market analysis and my...
A strong bearish piercing candle formed in the compression zone. The candle gives a strong breakdown of the bands. Trend is negative with medium strength. The probability of down move of 7% is more than 60% Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
An Inverted Hammer candle formed on the top of the trend. I use the Fibonacci tool for levels. Zone : Expansion Trend : Negative Probability > 65% (On Scale) CMP : 460.80 R1 : 507.10 S1 : 436.60 S3 : 393.00 Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Bharti Airtel has finished Wave 5 according to the Elliot Wave Theory and is poised for a correction. We're currently anticipating a strong follow-up candle to the recent Lower High (Spinning Top Candle), which could signify a trend reversal. ADDITIONALLY, ENDING DIAGONAL TRAIANGLE CAN ALSO BE SEEN.
Nifty me Downtrend As you can see in chart nifty took exact resistance from FIBB Golden Zone and is now following downtrend. reason and targets as follows, Reason - - Major Trendline Breadown - Perfect FIBB retest from Golden Zone Target - Follow FIBB Levels from Chart
Nifty was tested 22022 as per our previous prediction. It was filled the gap successfully. It is also showing strength as per our prediction from reversal level 22000. Positive Divergence seen on chart. It can long for target 22430 and also 22720 on extreme case.
Why We Think the Price Might Drop: 1. The support level broke at 2160 and is being tested again. 2. The RSI (Relative Strength Index) is around 40, suggesting a signal to sell. 3. The Super Trend indicator indicates a bearish trend. What Might Happen Next: Overall, it might be a good idea to sell XAUUSD when the price is around 2160 . We're aiming for...
Why We Think the Price Might Drop: 1. The price is hitting a trendline around 2195-2205 . 2. We expect a correction after a big increase in price. What Might Happen Next: Overall, it might be a good idea to sell XAUUSD when the price is between 2200-2210 . We're aiming for targets around 2145 and 2085 afterwards.
Data Patterns (India) Ltd 1) Time Frame - Daily. 2) The Stock has been in a downtrend / consolidation since (September, 2023). Now It has given a breakout & Closed at it's 5 months High with good bullish momentum in Daily Time Frame. 3) Option 1 - With the strong 5 months consolidation breakout in Daily, Buy at this current level. Option 2 - Wait for the strong...
Today price break the trend line. As we can see price create a head and shoulder pattern. It's indicate that price will go down with in couple of days. Indicator: MACD divergency. Support 1: 1042 Support 2:1032 if we can see a bearish candle create near 1042 then we can take short position target of 1032 .
VAIBHAVGBL 1) Time Frame - Monthly. 2) The Stock was in downtrend since 2021 and had a breakout in August, 2023. 3) It has been consolidating since August, 2023 and has given a breakout with bullish momentum & Huge volume. 4) The stock may reach its previous Life Time High (1050) in the long term. 4) Recommendation - Strong Buy
PAKKA 1) Time Frame - Weekly. 2) Stock has given a breakout with huge volume & strong bullish candle close in weekly. 3) The next target would be around the price (460 - 19%) from the current price 385.45. 4) Recommendation - Strong Buy
Big Red Candle: Today's trading session witnessed a significant bearish movement, evident in the formation of a substantial red candle on the daily chart. EMA Confirmation: Adding to the bearish outlook, Banknifty closed below the 20 EMA, reinforcing the negative sentiment among traders. Short-Term Downtrend Signals: Lower Low and Lower High Lower Low...
INDIAGLYCO 1) Time Frame - Weekly. 2) 2 Years of Downtrend Breakout in weekly with huge bullish candle and volume. 3) Next resistance / Target would be its previous Life Time High at price (1151.95 - 22%). 4) Recommendation - Strong Buy
3 Gaps Still Pending Candles are Getting Weaker ......................................................................