Inverse Head & Shoulder under formation whose BO neckline is at 1510
Triple Bottom on Weekly Chart made on multi-year support line
CMP @1450 is bouncing from Short Term EMAs. Upside from CMP ~35%
Based on Fibonacci Next Tgts : 1558 - 1720 - 1980
SL : 1260
Time Frame : 3 to 12 Months
For Learning Purpose
In today's post I present relevant marks of the DXY for the next week, which could support the one or the other, in their own analysis.
= the technical analysis approaches, are shown in individual images in the post. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade....
In today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis.
= since it is a very short-term time frame, I will not comment further.
= the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective -...
Good Day ,
HBL Power is one of the best dark horse, Consolidates then moves.
Fibonacci Levels are been respected perfectly as you can see the levels of 122 achieved and now it retraced a bit . Gearing up for the next level of 152.
Good candidate for Long term perspective.
Chart Self explanatory
Time Frame : Daily
Disclaimer : I am not SEBI...
As you can see Divis Lab is on the way to downside, in minor Wave E forming a Triangle pattern.
As per EWT minutte wave (c) can travel till fibo ratio 1 or 1.2 which are also my target.
But a trader must be cautious if it breaks the invalid level of 3710, if this level breaks above all study/ Analysis will be invalid.
Canara Bank broke trendline on daily time frame..
The 218-215 levels will act like an immediate support & if it stays above these levels we could expect target of 235 & 250
Place stop loss below 205 on closing basis.
For educational purpose..
Nifty on weekly time frame still not touch the 38.2% FIB level. Possibility it will touch then pull back but this pull back
will not be good as per technical Price action analysis until it hit 50% fib level.