there is an short term term opportunity in Chennai petro. ➣ Stock in weekly resistance zone.Anytime breaout possible ➣ Promising chart,ascending & symmetric triangle pattern in the chart. ➣ Good time to Enter. ➣ In last 3 months, mutual fund holding of the company has increased by 1.64%. ➣ Good Q4 numbers published. Note guys this is not a buy...
CRUDE levels ...24/05/2021 (1Hr candle)
Long now add more above 125 stoploss 93 target 160 Timeframe 1 year
Crude has breached daily pivot and now heading lower. Opened gap up and now ready to fill the gap and go down. Keep a SL above today’s high.
Intraday Support (1) For 20/05/2021 218.20 Intraday Support (2) For 20/05/2021 217 Intraday trading range For 20/05/2021 214-222
This analysis is based pure on data and not on any price action.this gives more accurate results as it is less prone to manipulation . technical traders gets into trap of candle patterns and moving averages, RSI etc.
This is an update to my previous view. As we can see after the formation of evening star pattern Coal India has started to consolidate. I don't see any further push into the remaining days till expiry this month. It has a good support around 144. And will give a good buying opportunity if it further falls to 140 and below. It is a also good opportunity for a...
As you can see Crude oil in uptrend, if not break 4840 in forthcoming sessions, it may fall till 4586 to complete ABCD pattern and can get a reversal PRZ there in coming week. It is just for a view
Intra Day Support (1) for 18/05/2021 226 Intra Day Support (2) for 18/05/2021 222.90 Intra Day Support (3)for 18/05/2021 222 Trading Range for 18/05/2021 is 232-217
Intra Day Resistance (1) for 17/05/2021 219 Intra Day Resistance (2) for 17/05/2021 217.70 Intra Day Resistance (3)for 17/05/2021 216.80 Trading Range for 17/05/2021 is 222-215
After a big run over 12 percent coal India dropped by 4 percent in a single day. Traders are still bullish on this trade due to the good news. Technical analysis say otherwise. An evening star is formed- An evening star is a sign of reversal towards the bearish side. In my view - Coal India will go down ↘ or consolidate for a while between 150 and 140. It...
Intra Day Suppoet (1) for 13/05/2021 217.60 Intra Day Support (2) for 13/05/2021 216.50 Intra Day Support (3)for 13/05/2021 215.90 Trading Range for 13/05/2021 is 214-219
Execute Short below 4850 if the RSI and price breaks the trendline downside with 15 mins candle close for a target of 65 points minimum. Kindly share your valuable feedback. Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.