Steel Authority of India Limited - Pennant pattern breakout + Hidden Bullish Divergence
Stoploss below the upper trendline
Target 1 @ 152, which is a key level
Target 2 @ 170, which is a key level
Target 3 @ 190, which is the price projection
Target 4 @ 205 which is a key level
Note: It has made a breakout last day and the price came back to the...
Technical Analysis: Total MarketCap (Update)
In Daily timeframe Chart, Crypto Total Market Cap is Moving Above the Strong Support (1.32T) and did not want go further down
If Crucial Support Broken Down then Next STOP Could be 832bln (So We Could see Crash in Coming Days)
In Bullish Case, If MarketCap Remains Above the Support, Expecting Bounce Back towards the...
We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy AMARAJABAT for an immediate target of 852 and next to 877+.
Buy AMARAJABAT above...
Hidden Divergences indicate the uptrend in price should continue.
The price action candle pattern supports the hypothesis.
So unless, its a super Bearish Market tomorrow, it should be a good trade!
Go Long above 154.5 for 156, 157, 160 (if it sustains above 157.3 - 50 DMA) with SL at 153
SBI is in a doji zone right now.
The Price Action levels have been marked on chart.
The stock is bullish above 188 for targets of 194, 197 and beyond.
The stock is bearish below 184 for falling to the levels of 178 if not beyond.
The 184 - 188 region is open for scalping.
There is a hidden bearish divergence as can be seen on the graph.
A lot will also depend on...
I've been looking for short move since 2nd week of the September. As shown in chart price is showing sell sign by divergence On RSI and MACD both.
When price move forward in our forecasting direction then Move SL past the entry. If it's not the move down then we again look for the sell opportunities.