FOCUS ITC Ltd triangular pattern :)PROS: 1. stock forms a good good triangular pattern and now it is in near support
2. if it breakout then it will move further up and vice versa.
2.on 18th friday the last candle was a little hammer.
4. BUY SELL TARGET is at your own trading style.
CONS: 1.Stock breaks 50 EMA and also 200 EMA.
2.the last candle was hammer but its not a perfect one its a red bearish hammer.
3. if stock breaks support it will go down more maybe.
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Hammer
SUN PHARMA TRIANGLE PATTERN :)Date: 20/06/2021.
PROS: 1. stock has a very good triangular pattern ,if it's breakout it will move further.
2. on 18th friday it forms a good bullish hammers represents buyers are in control.
3.the hammer forms at near 50 EMA and at support.
4. BUY SELL TARGET is your own trading style
CONS: 1.if its breakdown then it will move down more .
2. wait for the confirmation candle
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ICICI BANK Ltd long :)Date: 20/06/2021.
PROS: 1.stock is in uptrend since april with higher highs and higher lows
2.and on 18th friday at near support by trend line 50 EMA ,the last candle was a red hammer represents a little bullishness.
3.if stocks breaks and closes above trend line then it will move further.
CONS: 1.On friday a red bearish hammer forms but not green.
2. if it breaks support it will down more.
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BHARTI AIRTEL Ltd :)DATE: 18/06/2021.
Bharti airtel has clear rsi bullish divergence in 1 HOUR time frame and also
in 1D time frame it forms clear long wick hammer represents buyers took charge ,
if it breaks 542 it will go up near 563, if not it'll went down because in 1D TIMEFRAME it forms head and shoulder pattern ...
buy at 543
stoploss at 533(1.9%)
target at 563(3.7%)...
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Weekly Analysis of BTC-USDBTC witnessed a volatile last week, from its low of $31K to close the week above $39.3K. On the weekly TF, it gained by ~9% and formed a Hammer candlestick pattern which depicts reversal is on the cards, mainly backed by positive news from El Salvador which have adopted BTC as a legal currency. At the time of writing, BTC is trading slightly above $40K.
Bitcoin after dropping by ~50% from its All-Time High has found its support in the range $34K- $30K, this range earlier also acted as a strong support base during its journey to ATH. The nearest support is now placed at $36.9K, the next support is presented by its 50-WEMA which is placed at $33.9K.
On the higher side, the immediate hurdle is placed at $41K, once we get decisive closing above this level, the next significant level to watch out for is present at $43K, followed by $48K.
On the Daily Time Frame, Bitcoin for the past 26 days has been consolidating in a narrow range of $34K- $40K. On June 14, BTC gave a close above $40K and is currently sustaining above that level, which depicts that buying momentum can continue in the coming sessions.
RECLTD | Trendline breakout and consolidation - Expansion modeRECLTD | Lets see if it is doubling this year, i see it is in expansion mode.
CMP : 132
SL : 110
Target : 167, 180, 220
Same time smaller time frame has - RSI positive divergence and previous week Hammer candle gives hope for short term 15% move
PVR | Small channel swing opportunity for 18%PVR | Small channel swing opportunity for 18%
CMP : 1378
SL : 1280
Target : 1620
Almost 1:3 risk reward.
#2 P0sitional (sl 72.70) USDINR is set to bounce backAmid the market volatality the usdinr is slightly away from observation but here the setup formed in it is very promissing looks good for buy ,it can take support from this level because it is a strong support on chart