Wipro: complete Head and Shoulder pattern Only for aducation parpose
Hey.. What do we get if we analyse one chart with two different theories ? Is it a good idea ? We use different techniques and methods to analyse a chart. Some traders use chart patterns, some use moving averages and others use any other technique. We all did the analysis to determine the trend of that instrument. What if we use two different theories for the...
get read for down fall don't try to catch the running bus just wait lower price range
Dow shown reversal in day time frame use the below trend line for support every dip is a buy until it breaks
POINTS TO NOTE BEFORE INITIATING LONG: ------------------------------------------------------------------------------ 1. Star Pharma has been in a continuous downtrend for more than 6 months forming Lower Highs & lows. 2. A breakout of the downward channel occurred on the 24th of June with record volumes seen of the last 6 months. 3. Now a shift to an upward...
***Future Retail at All time low around 3.75 ruppes. *** It is falling from ATH 575 to 3.75 ( almost 99.5% fall) *** It seems like an another yes bank ***As per price Action, when the price reach around negligiable...
Just like Nifty, Bank Nifty formed a bearish engulfing near top and chances are high that from here prices may reverse. Short Sell Bank Nifty Sell Below 38800 SL Above 39800 Target 1 36000 Target 2 35000
Nifty has formed bearish engulfing on daily basis and shooting star in a weekly chart. Dual bearish candle at downtrend line showing weakness in Nifty. RSI is in overbought zone and now started moving down from above 80 to 70 level. Short term trend is still bullish but below 17700 or breaking below regression line, trend will reverse. Nifty Short below...
Bharti Airtel Ltd down trend moving towards support. It is higher low formation. Still it's Bearish control check with Fibonacci level. Refer next move mentioned in daily chart. Its good for swing traders.
ICICI BANK is now Downtrend, moving towards support. It is higher low formation. Still it's Bearish control check with Fibonacci level. Refer next move mentioned in daily chart . Its good for swing traders.
Hello Everyone, Yesterday, I shared NIFTY IT chart which looked bearish and today, everyone had seen the fall. TCS has new 52 week low. I am sharing one of the IT Stocks today as well which has bigger chances of falling down in the upcoming days. "BIRLASOFT" If you look at the daily timeframe of this stock, clearly you can see CUP&HANDLE Pattern. Bearish...
I am looking to sell EUR AUD below 1.48800 and targeting to 1.48000 price broke major structure and continuation of down trend and also liquidated previous high and expecting an drop. we have a nice previous support on below 1.48000 and rest of stoploss must need to be a liquidation.
Chart is only for illustration purpose My time study shows that if market conditions do not improve then Nifty can fall near its 5 year moving average which is near 13000 levels and for that Nifty will first have to travel the levels mentioned on the chart. If the market reverses from any of the levels then a new rally is not expected at least till Sep 2022...
Neulandlab - Down trend 1. In a Downtrend, falling wedge pattern. 2. 1010 - 1050 is a very strong support zone. 3. If breaches 1000 it will fall. 4. For the short term it might move upwards to complete the double bottom pattern. 5. Target maybe 1250. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always...
The point of cotraflexure is a point when you draw your trendline is nearly correct then you will get this type of combo If market is down trend and price touches it from low then price maximum time get rejected and trend continued and vice versa for up trend
In Reliance RK's momentum sell signal is already activated on daily chart, and yesterday finally it break down from that rising channel, and today we closed below 20dma along with close below RK's stop line which is at 2635, now we can say that yes we are in bearish phase. As per Elliot wave structure also, wave E of the ending pattern ended in april and fall was...
Index is unfolding as a leading diagonal of which 4th wave is already concluded and right now we are into the last stages to complete the 5th wave of this leading diagonal which will bring the index below the level of 30635 in the near term. Traders should remain short for the minimum target region of 30600-30000 in the coming weeks with stop loss of 32600.
Industower - Strong Bearish control In a downtrend formation, only when it crosses 215 we can think of the bull control... Educational Purpose...