nifty in grip on bear. any pullback will sold into.
so trade carefully.
nifty stoploss 11590. safer side it can be extended to 11648.
1st target 11262
2nd target 11138
3rd target 11012
if breach 10980 ( its going to be difficult for bears to breach this spot, if so happens then )
it can slide to 10822,then 10750, 10600.
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In downtrend, if buyers have made a strong recent tail below value and current price rotations are now confined between the control and value high, The downtrend is ending. If it does end, breaking value area high and developing a higher value preceded by a buying initiative move, start looking for the new control. If somehow, the downtrend does not end but...
Though the candles are above the 20,100,200ma ,it followed a bottom circle pattern .Therefore there will be a slight bearish pattern will be observed in the market.After a slight dip the market will again shows a uptrend till it reaches the resistance line
GBP / JPY is very close to where a fall may occur. The pair is currently in a descending triangle pattern. The buying force was amortized by the downtrend line. With the arrival of the bears with the selling force, a low candle was formed. We expect the bear kick to be strong enough to send the pair close to the support level.
- Price touched a few times...
Just Dial has denied news reports, and has said there has not been a data breach of 100 million users on its platform. It added, there was a vulnerability on its older version of the app which has now been fixed. The stock is down over 3 percent.
but according to my chart analysis just dial become very bullish share
Mos completed a HS Formation with the break oft the neckline.
Midterm target is 20.00-23.75$. Lots of Long term and mid term supports there. Profittarget of HS Formation is the distance from neckline to the top of the Formation.
ABMD break below 275$ whick was a strong support in the past.First time only weak or no rejection and the break through the support. Additionally it is the first time for a Long time that EMA20 breaks through EMA50 on a Weekly Basis.
Seems like ABMD is heading for big Problems. Possible target is the width of the range (~85$) projected from the breakout (275$ -...
Bajaj Auto has given first indication of bull run when it closed above 2900 on weekly basis which started higher top higher bottom series. Counter has corrected after touching high of 3050. 38.2% retracement of entire rally from 2450 -3050 comes at 2825. 2810-2825 zone should provide support for next bull run. Stochastic has entered into oversold zone but yet to...
ALK breaks out of the sideway consolidation which last for over one year. The width of the range could mark a potential Profit target so that the target Zone lies in a range of 41-47$. Close the trade if ALK moves back into the range.
HBI is in a Long Lasting downtrendchannel. A nice bearish engulfing built up near the upper Bound of the channel in the Weekly timeframe that maybe Signals the end of the upside leg. Take a shortposition the next week.