LEVELS are marked in the chart , These are the strong support and resistance in the upcoming market. Double bottom in 30 mins timeframe And as per the chart pattern the market has moved up. Now it has hit the strong resistance at 4691, and its time for a reversal which is a down rally. We also need to check the inventory release for tmrw and involve in...
oil taking support in zone 57 58 continuous , heavy fall only after close below his , while 5 week rejection suggest a push move at higher areas
Buy near 58$. with sl of 57.55 for target of 62 $
Crude levels ...23/04/2021 1hr candle)
This is just a graph of sectoral indices have fared in the last 30 years or since inception. It's purely for educational purposes and not indicative of any suggestions.
Sell Crude Below 4553 SL - 4636 Target - 4330-4350
Likely to move ahead in the channel after taking lower trendline support.
With the help of parallel channel and flag pattern, Nifty Energy is clearly showing downfall which will lead to shares likes Reliance Industries, ONGC, HPCL, Gail etc will also show weakness in the coming days. Traders can look for some shorting opportunities in these shares. This analysis is also supported by the ongoing news of diverting oxygen from industries...
Intraday 1) Trendline & support at bottom 2) Take entry after the breakout
Crudeoil forming Flag pattern after a long waited Ascending triangle break. Its time for the price to break the channel and move forward in todays session.
JSW Energy shows strong momentum in the weekly chart as parallel lines are supporting it to be a strong indicator of being in an uptrend. Volume is also supporting the clear breakout of an all-time high. In the coming days or week, we could expect the price to rise above 100 and could touch 110.
We can go short after blue price zone breakout
Crude levels ...19/04/2021 (1hr candle)
Natural Gas shorting around CMP SL above today opening. TGT near trendline around 3 points - will update if needed Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Horizontal line drawn basis hourly closing prices. Crude should be headed higher
Crude Sell At Cmp 4503 Strict SL - 4616 Target - 4000