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Stock Analysis of Chola FinancePrice - ₹253.75 Dt. - 10-10-2020 Price takes the support of 21DEMA and 50DEMA. price is also moving in a range. It looks like the price will further go down till the trendline or 50DEMA before moving up. If the stock starts falling in the next trading session then to wait till it takes to support and starts moving back. If the stock moves upward and breaks the horizontal line which is placed at ₹264.60 than to wait till it takes the support of the blue line. RSI is neutral.
NSE:CHOLAFIN
by mr-sky
💡Ascending Triangle in GBPNZD- "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern . If price can break through the resistance level, that level will now act as a support level. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance.But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows . TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
4
Economics Cycle | Business Cycle |The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence. The economic cycle is the fluctuation of the economy between periods of expansion (growth) and contraction (recession). Factors such as gross domestic product (GDP), interest rates, total employment, and consumer spending, can help to determine the current stage of the economic cycle FOLLOW & COMMENT & LIKE
NSE:NIFTYEducation
by ReviveTraders
4
Ascending Triangle in USDCAD - "Learn More Earn More" With USUSDCAD is coiling for its next move. The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area. Keep an eye on 1.33720 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
12
Stock Analysis of Indian Bull Housing.India Bulls Housing – CMP - ₹201.30 Dt. – 09-09-2020 On a daily chart, the stock is stuck between a triangle and on 28th Aug. 2020, the price tried to break the trend line and somehow managed to close above the trend with low volume but failed to hold the very next day and stock fall with higher volume. From last 3 trading session, the stock had given close above the support level of ₹193.25. Price is near to the apex of the triangle and we are expecting the breakout in 2-3 trading sessions with higher than average volume. Resistance and Support level is placed at ₹236 and ₹193.25 respectively. MACD has given sell signal whereas RSI and CCI are neutral.
ILong
by mr-sky
How to trade pullbacks?Pullbacks can be traded using various methods. In this post, there would be 2 ways in which I like to trade pullbacks. The first one is depicted on the left side. It is the orthodox way of trading pullbacks. Method includes Fibonacci retracement and exponential moving average( period 21 is what I use, you can change it according to your preference). Fibonacci levels can be drawn by selecting the Fibonacci tool, and selecting the two major swing points, in this case A and B. Once they are drawn, there will be various Fibonacci levels such as 0.236, 0.786 and others. If price takes a support(during bullish trend) or resistance(during bearish trend) at the 0.382 level or 38.2% of retracement, then the original trend is assumed to be very strong and price would usually continue the previous trend. For me, I prefer the 50% and 61.8% retracement, as price usually takes support at this zone more frequent in the market and it is pretty rare to find a stock retracing at the 38.2% level and bouncing back. Using EMA 21 and finding a sign confirming the original trend of the market, such as a bullish pin bar during an uptrend and vice versa, near the Fibonacci levels can be a great confluence of two indicators and can be taken as a confirmation to go long or short in the respective trade. At the point marked as C, this type of confluence should be found. Let's suppose you are not confident at taking trades so early and so another type of confirmation could be an upthrust candle, matching the trend( that is, a bullish upthrust when the original trend is bullish and bearish downthrust when the original trend is bearish), can be a great confirmation before taking the trade. The second method is using fibonacci against the trend. I will use the image 2 as a reference. Instead of connecting the points D and E, in this method, you will connect points E and F, which is also the retracement part in the bigger picture of the original trend. Wait for a breakout above the 50% and 61.8% zone, then wait for a retracement towards the same Fibonacci levels and then look for confirmations as highlighted above, near the yellow zone, and then enter the trade. This method gives a little lower risk to reward as compared to the first strategy. There are some downsides to this method. First, you are entering the trade much after the first method, as in the first method you are entering when price is bouncing from the F , but in this method, you are waiting for the price to make another swing inside the original bigger swing, and then enter with a smaller pullback inside the major trend. Accuracy of this method is higher than the previous method. Risk to reward isn't in your favor as some of the reward has been lost in the form of the move from F to H. In any of the above methods, price can move in a manner similar to where the red arrows are moving, that is, price can move lower even after showing some signs of continuation of the trend. This is the risk which a trader should be willing to take or else you will miss out on the opportunities. No one can stop you from becoming a profitable trader! Hope I could help you improve your trading journey and make it much more simpler. Any doubts will be answered ASAP. Grateful🙏
NSE:BANKNIFTYEducation
by inteliigentrader
FLAG = Impulse + Correction - "Learn More Earn More" with usFLAG = Impulse + Correction - "Learn More Earn More" with us What makes the chart interesting today is that: . GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone. . Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest. . A rejection at the Flag range resistance, however, could lead to another retest of the Flag’s support. Will the GBP see an upside breakout against the AUD ? No one knows it! We have to wait and see!
Education
by ForecastCity_ME
4
Ascending Triangle in Bitcoin - "Learn More Earn More" With USBitcoin is coiling for its next move. The higher lows suggest strength, but BTC needs to secure a close above $12,100 to open the door to the $13,000 area. Keep an eye on $11,600 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️ Ascending Triangle in Bitcoin - "Learn More Earn More" With US
BITSTAMP:BTCUSDEducation
by ForecastCity_ME
20
Stock Analysis of Cummins Ltd.CUMMINS – CMP - ₹419.10 Dt. – 08-08-2020 On a daily chart, the price is taking the support of trend-line and bounces back. As you can see the price has moved upside after the price touch the trend line on 16th July 2020. Price is above 21DEMA and 50 DEMA. On 7th August the price gave the closing above the resistance level which was placed at ₹416.90. I personally feel that stock will come down in a couple of trading session and will give an attractive risk-reward ratio for swing trading. If the stock moves up from the next session and sustains above the horizontal line for a few days, then the stock can go up to ₹440.75. Indicators like MACD and CCI have given a buy signal.
NSE:CUMMINSIND
by mr-sky
Stock Analysis of UPL Ltd.UPL Ltd–CMP - ₹445.80 Dt.–27-07-2020 On a daily chart, the stock is giving respect to the trend line as well as to the 21DEMA. 3 times stock has taken the support of the trend line and bounced back. In the last trading session, the stock has given a slight close below the trend line but above the 21DEMA. It looks like if stock started moving up then it will face the resistance at ₹460.55 and then ₹470.30. If stock follows the trend and moves down, then it can take support at ₹439.15 and then ₹422.50. RSI and CCI are neutral however the MACD has given the sell signal.
NSE:UPL
by mr-sky
Stock Analysis of Marico Marico - CMP - ₹357.10 Dt.–25-07-2020 I have taken the 4-hour chart and in the chart, you can see the stock is in an uptrend and was taking the support of red trend lines and now the stock is moving up and down between support and resistance line placed at ₹342.80 and ₹358.85 respectively. The price is also moving upward, trapped between the purple trend line. If earning beats estimates, the stock will move upward, beating resistance placed at ₹358.85 and then it will try to break the purple line. If fresh buying come after the stock breaks the upper purple line, then the price can go up to ₹374.25. If the price falls because of bad earning report or for some other reason, the stock will break below the purple trend line and then the support level which is placed at ₹342.80. Price is closed above 50DEMA in 4-hour chart as well as on the Daily chart.
NSE:MARICO
by mr-sky