BTC USD in Harmonic wave Maximum length 16763 and after returned towards downward one can go for sell 16440 with a stop loss of maximum length no. and target given on the chart.
DAILY CHART DAILY SUPPORT( YELLOW) ,PRICE HAS BEEN REJECTED MULTIPLE TIMES.
EICHERMOT 1D, is at 52 WEEKS HIGH now. FUNDAMENTALS: Eicher motors posted NEGATIVE results since 3 quarters and stock still makes 52-weeks high which doesn't look sustainable to me. TECHNICALS : stock forming DOJI on top and trend reversal may happen . My view : Eichermot may fall and I'll short ONLY below the Low of doji. Trgt is near 2300 It may retrace...
Nifty presently is testing a stiff resistance zone. This resistance zone has acted as supply zone for the last 5 times and this is the sixth time it is testing it. The first time it entered this zone on Oct 2007, kept consolidating and finally failed on Jan 2008 Second time in Jan 2018 - touched and got rejected Third time tried again on late Aug 2018 and...
From, So many days consolidation happens in stock BEL, Now Trendline Breakout happen & also, It has broken previous lower high, You can take long side position accordingly descripted in the chart.
Since the last couple of trading session, DLF formed a cup and handle pattern which indicating a strong bullish move in DLF in next few trading session above 175. According to pattern depth of Cup is nearly 32 points so we can expect the same points in the projected target which can be 205-207. Possible trade: Buy DLF above 175 Stop-loss 169 Target - 190 200...
1. Almost forming Inverse Head and Shoulder pattern(blue marker) Strong buy trend in last leg 2. Broke 2 consecutive trend lines(red) 3. Expecting good upward move post US presidential elections 4. Ex CEO Re-Appointed 5. Rise in Advance and Deposits in Sept Quarter and YoY
Howdy Traders, we already know that Triangle occurs in Corrective waves and Diagonal occurs in Impulsive waves. Their are three type of Triangle 1)Expanding Triangle 2)contraction Triangle 3)barrier Triangle Their are 2 types of Diagonal 1) Leading Diagonal 2) Ending diagonal --------------------------------------------------------------------- This is the...
Possible trade: Buy Concor above 400 SL 395 Target 420+
HPCl looks bullish after making inverted H&S
After a great dip of March, market has risen sustainably and distribution has been done systematically. X-X, Y-Y and Z-Z phase distributions we can see. After this a probable big correction, we can see, which will be inevitable above the trendline. One can see blue candle crossing the trendline giving the confidence to the market and we have seen another...
A sideways + ranged market is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT........... Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a...
As shown in the graph, Reliance was taking major support at Trendline AB, but today that line got breached. So the Real thing that, it's a Bull Trap or some good correction is near. So the reason why I think its a Bull Trap- (Just my thought) 1) No negativity around it 2) Stock already corrected and consolidated a lot 3) Earning is near 4) Big player breaking...
Nifty is in a great spot where it can go bullish or it will come down heavily. Come key points for the published chart to watchout for:- 1. Nifty is breaking a box and retesting it and breaking again. 2. Every box difference or say high & low of box is getting smaller. ( Marked with green lines for the measurement ) What does this mean? for me it means it might be...
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As suggested in my previous idea, below 2163, 2121 and 2073 is expected, and as soon as it broke the support it made low of 2091. Now, RELIANCE has formed a reversal pattern. The pattern will be valid and trade can be executed only if price holds above 2134 levels for target 2188, 2226, 2256 levels, else we could see 2173 and 2156. Link below for the previous...
PEL is a fundamentally weak stock with alarming PE of 380. It has been observed from the technical chart that the price action is forming lower highs with bearish candlestick patterns, indicating bears hold on every rise. Today, we have observed a bearish gravestone doji pattern after last day bullish candles, indicating the return of bears that may now take...
Note: This is for educational purpose only. 21 EMA is above 55 EMA which indicates short term uptrend. 21 EMA has been acting as dynamic support previously as well. Moreover, there seems to be a bullish engulfing on 21 EMA. RSI above 60 indicates bullish momentum.