Stock has spectacular rally after March 2020 lows due to extended 3rd and 5th Waves. The channel has been drawn between mar 2020 lows and previous all time high. Now V of 5th is ending diagonal and Negative divergence seen on MACD. Break of lower channel line of ending diagonal would confirm downside which is expected to go 0.618 or more. Alternative to this...
Shorting oppurtinity if market drops down
it has given weekly breakout with good volume at 62 levels. it has retest breakout level on daily time frame. Steady rise in volume on weekly since January. it can rally upto 84 levels. RSI is at 67 on weekly and daily
IEX on support, it could either break it and take support on rupees 320, Fibonacci retracement level of 38.2%, or hold the support and move up. Watch for maintenance or breach and take a call accordingly!
Tata consumer is standing at very crucial support once the ressisrance is broken and sustained we might see an up-move.
The market has been correcting for the past several days and BankNifty has moved down 11.5% from the high it made in February. This has presented some good shorting opportunities. While the market trend in the very short term remains bearish and long term trend being bullish , there is heavy volatility on either side. After correcting for 4 consecutive sessions,...
ITC previously corrected 0.618 fibonacci level after making swing high from march 2020 lows. When channel drawn on swing high and March low 0.618 fibonacci level comes at lower end of channel. Coincidence or probability of downside in future.
Bullish view Reasons:- 1.Dynamic support 2.Price support 3.Channel Pattern 4.Volumes indication of weak down trend 5.Fibo levels @ 0.5% If not an direct upmove we might see some consolidation and then the stock may shoot in upwards direction. The EMA and the support are very crucial levels lets see if they could sustain.
Market will move uptrend from tomorrow
Institutions are the main reason that we are witnessing a bear market in a Bull cycle. I personally think that Institutional Traders wants to get in the Bull cycle at their particular price point. So kindly wait for the price action to play out. Watch out for the above mentioned Fib levels in the chart. Disclaimer: Trade at your own Risk. I am not...
All the reasons for the trade have been explained in the video. --HAPPY TRADING
Overall the stock has a positive trend, but pullbacks are very deep. - Requires proper breakout with volume. The Indicator Used: PANEL 1: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. 2) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper Valuation. Green Faded Cloud: Under...
BEL looks good for a long trade. All the reasons for the trade have been explained in the video
The price is halting at good level once the channel pattern is broken can take a long position.
Quick heal is at really crucial level in chart .If it gives break out the price might shoot up.
Gold downtrend is illustrated in chart along with Fibonacci retracement levels. Gold has entered in oversold zone as per RSI, may bounce a bit and still continue downtrend
Fibonacci retracement next resistance is 88.