There's a clear indication of bearish divergence in this script as we can see here Price is making Higher Highs and the RSI is making lower Highs. Also, there's a retracement pending after the 10-year breakout of the price from 2008-2010 Highs. We can see 160 levels in the coming months for this script. This analysis is purely for educational purposes!!! Please do...
looks like nifty IT stocks will take support near 22235 in the near future, lets see what happens
Nifty is moving towards 17110, I hope it will be achievable this month, lets wait and watch
Ethereum has broken important support 1700, if I'm not wrong it will reach 1080 level sooner
PVR at perfect break out pattern on both Fibo and gann !! target 1632 --- SL 1738-- Entry 1706
JSW Steel testing major lows again, Month and week trending above to get extreme ! Trade Cautious with strict SL
BKT about to go down Short below 2201 Target 2120
Heavy move in reliance. 2740 SL entry tgt 2560 tentative.. target
Price action ! Retracement Fibo lvl 98 SL with target 92
Good short break in both week and daily Gann Pattern. Keep SL - 393 Target 315
Expecting good fall in metal sector !! Broke the bear box, Fibo retracement 1012 SL Target 944.80 in week
JSW Steel Crossed Gann Angle and Fibonacci in weekly Pattern !!Expecting retracement till 528 stoploss 595.65
Tatamotors moving towards 415 and from there it will shoot up I believe, it is just based my study, lets see
based on the moves I'm expecting Nasdaq to reach 13650 this month, lets see what happens
chances for wipro move higher is more, i'm expecting more gaps in this stock, lets see
Nifty IT is taking support at 61.8 Fib retracement. I am taking pivot of 8 March 2021. if it further test this level and break this level it can bloodbath. So be cautious in IT sector with strict stoploss. Please consult with your Financial adviser before any decision. I am not sebi registered. It is only for educational purpose only.
REASON FOR TRADE IDEA 1. Beautiful break of trend on 1hr timeframe 2. Retested and already dropped 3. Placed fibs, waiting for entry at 1 of the yellow zones 4. Wait for rejection on the upside (wicks at the top of the candles)
Nifty post forming Leading diagonal now has staryed wave C which is expected to reach below previous low 15671. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading...