BULLISH above 15050 for 25,70,150+++ BEARISH below 14980 for 25,70,150+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
SWSOLAR EQUITY levels ...20/05/2021 (D candle)
IRB EQUITY levels ...20/05/2021 (D candle)
BitCoin – Next Tulipmania? Selling Pressure is seen in BitCoin after Elon musk announcement. Chart is around its major support level. If 39520 breaks on weekly basis then Prices will easily reach 26650. Extended target can be 19100. If the above condition fails then good reversal is also possible from current level. So keep your stop losses as per your risk...
The daily and weekly is in strong buy trend. Going down to the lower time frame the market has just reversed from a bearish to a bullish market. So we are on this trade. We will look for another entry even if stop hits.
Bajaj Auto - Double bottom, support at 38% fib ratio and now near demand zone. May consolidate before breaking out or can break and will come to retest the zone.
In the current downtrend market, shorting is a good decision to take. with the confirmation of bearish flag pattern and fib levels, this is my short trade setup . - always use do money management . - For long term investors this is a great opportunity for buying as the prices are low.
DCBBANK EQUITY levels ...19/05/2021 (D candle)
In this Bearish Bat pattern formation, LICHSG still has some way to win over territory upto 475 before making any significant reversal.
Strong buy trend in daily and came fro a 61.8% fib retracement. Going down to the lower timeframe the market has swifted from a bullish to a bearish market. So we are int this trade
Based on the weekly chart, KSCL has broken out of a long descending triangle/pennant. A measured move of the flagpole gives a target of 900. Fib 1.618 extension also shows tentative 900-910 on cards.
As per technical analysis , 234 was a breakout and it was covering perfect trendling to give a expected breakout. you can use the fibonacci retracement for this type of chart to get the levels. Breakout also have some resistance in above level which can also be trace from fibonacci. Fibonacci is math term which is a series of number created by doing same action...
Ascending Trendline with multiple touches. Breakout at the resistance followed by retracement. Continuation of up-trend anticipated.