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How long will the resistance of Double Zero 3.000 last?As last week, I am taking measure of double zero 3.000 to function as a resistance. However, Please be aware that the low price is rising and it is a price move that has not given up trying to penetrate double zero 3.000 above. But, at the moment, I consider a short as judging that double zero 3.000 has functioned as a resistance. << tactics >> 1) It was judged that double zero 3.000 functioned as resistance short. The 1st limit is above the thin trendline which is now reaching around 2.920. The 2nd limit is thought to break the trend line and is on WePP (S1) 2.863. However, if it reflect on WePP 2.952,we need to think about escape. 2) It can not be determined that double zero 3.000 functions as resistance I will observe. Because there is an unknown the strength resistances above the double zero 3.000,MPP (R1) 3.028 and YPP (P) 3.052. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:NATGASUSDShort
by fondiea
IOC wedge, support ~390, under pressure oil pricesIOC is taking a support at ~387 thought difficult to get a actual support line. But based on the chart this was a Resistance level and now is acting as support. For the short term the tops are getting lower and lower. The wedge formation has to end. the wedge started with a upward move hence it should move up once the wedge is over. Also rising oil prices is keeping this sector under pressure. BSVI fuel subsidy /incentive if announced for the oil companies we can see a upward to 450 levels.
NSE:IOCLong
by JyotiSahoo
ONGC - Bullish Harami Cross Pattern A Bullish Harami Cross pattern has been observed in daily charts of ONGC stock. It is a good bullish reversal pattern, which is even more significant than a regular Bullish Harami. Recognition Criteria 1. The market is characterized by a prevailing downtrend. 2. A red body is observed on the first day. 3. The Doji that is formed on the second day is completely engulfed by the body of the first day. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a red body followed by a Doji that is completely inside the range of the prior black body. The price should close above at least 50% of the red body which in this case comes at 185.6 Target: 190 / 196 in Short term and 219-241 in Medium term Stop Loss can be placed just a tad below the low made on either of the 2 days (a couple of points below 183 which is the low formed on 30-Mar-2017). Risk::Reward Ratio is at 1 :: 3.66 Take care and safe trading...!!!
NSE:ONGCLong
by indiamarketoutlook
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