Three possible reversal levels are Shown in the chart
1st it needs to breakout the descending channel Resistance level
2nd it needs to break Fib 0.5 retracement level + Failure line of head and Shoulder pattern
3rd it needs to breakout the ascending channel resistance
Before moving 10600 levels nifty might retest the ascending channel...
Nifty has shown a clear cut breakout on charts. comparing it with Dow, Dow jones Fib Retracement is around 0.618 fromt the March lows. now you may be saying why are you publishing dow index when our main index is Nifty50. just to show that the dow is coming out of bear market and we are not have come out of bear market. we ( Nifty ) are at the retracement level of...
Hang Seng CMP 26494
Sustaining above the red resistance trend line, HSI can potentially scale up to 28500 levels...
Alternatively wait for a dip towards 26244 levels. Holding that level one can look to enter for a Long trade with Stop Loss at around 25980. That provides a good Risk::Reward ratio.
This is for educational purpose only. Please do your own Analysis...
This chart looks at the DAX index from Germany.
It may be creating a Bearish Head&Shoulder topping pattern at at 13500.
2 day consecutive closing below the neckline of 11950 should be a confirmation.
We must wait and see.
Based on my PredictiveSystem's signals, its going to be a GREEN candle on 08-Jun-2018 for TATAGLOBAL
Buy Above: 267.8 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...