NYMEX:CL1! CL Near "D" zone of AB=CD pattern. 161.8% Extension of Fibonacci is @ $ 55+. Watching price action closely for any short trade. Next resistance (If breaks this level) @ $58. First immediate target would be $ 50 (i.e "B" level), If price action says to short.
Breaking of this Chanel may Pave the Way of New Trend..
NHPC Crossed the parallel line. MACD going to cross the mid line , RSI positive, Stochastic is in mid level in daily chart and oversold region in weekly chart. These Indicators also helps to move further. Target range is 28.9,29.3,29.8,30.2& 31.25. Stoploss is 27.15
AVOID BPCL IN NEAR TERM
Buy Natural gas between 2.860 and 2.840 T1: 3.000 T2: 3.090 T3: 3.250 SL: 2.749
Stochastic @ overbought level. Now Bearish engulfing candle. Short with stop loss of 10 Points (315). Target first band & second band(285/262). Good Risk Reward ratio.
NSE:JSWENERGY was moving in in Downward Channel on Weekly Chart, and the stock broke this channel in the 1st week on September there after we witnessed a swift rally 81.70. Trading in better rewarding as risk is comparative lesser where you try to gauge reversal at channel extremes and take advantage of low stop loss during this reversal points. Channel...
AB is the Range confirmed by CDEF pivots. E and F are just the push backs as they are not broken yet and hence counts as pivots inside range boundary. However when E or F is broken below are the expected scenarios . Scenario 1 : Acceptance - Orange arrows Break and Acceptance of 'E' will give a Long setup Break and Acceptance of 'F' will give a Short setup...
Chart Advise has been recommending in its advisory for a a CRUDE OIL buy and the view has been fantastic. The steady upward traction seen on the charts since the past few days once again reiterates the point that the prices always speaks ahead of the move. I have found Pitchfork to be quite an important weapon against the trend. It has helped me several times to...
~~~ Major support level of 25 was broken. ~~~ Long term trend line broken today.
Crude Oil has formed inverted head and shoulders a breakout can be expected above $49.5 T1: $51 T2: $53.5 T3: $55 T4: $57 SL: $47
OIL price action has given a breakdown from short term support at 277, retesting the support level target for 268 and 264 keep stop loss above 284.
Buy above 2.94 T1: 3.01 T2: 3.06 T3: 3.105 SL: 2.905
Crudeoil has been trading withing a parallel channel. please use this chart as a reference in addition to your analysis.
Descending Channel on USOIL and the price will move up, once the pattern get breakout. Trade: Buy above - 49.20 Target 1 - 51.50 Target 2 - 53.85 Stop loss - 47.10