Reliance Industries is at breakout from Cup & handle pattern on hourly time frame. This resistance zone is tested many times, so its strong resistance. Waiting for breakout ....
Keep this on your radar...
***Disclaimer-- please trade at your own risk** for educational purpose only***
1. Looking weak on daily
2. narrow range expiry on 11th Feb 36000 - 35580, volatile! expected profit booking but support was strong 35550 zone
3. Expecting have some profit booking 34850 range, bnf breakdown 35600 and hold for 10-15 mins it should be a good shorting opportunity
4....
1. if Nifty opens flat to negative, good for short in the range of flag
2. 15175 shorting position, 15000 -15060 could be the target range
3. RSI 15mins, 30mins, and 1hr @60 taking resistance, daily @70 - a combination that could repeat one in a while I believe
4. BNF looking week that could possibly help the shorting easy.
5. price structure in F/Flag pattern a...
Indian Oil Corp. To break before 74. It has a strong support at 74.40 and if it breaks, it would have successfully broken the support after multiple tries.
Sell below 74. Target at 70. Stop loss at 76.
NSE:IOC
Honestly, if there was an ever an example to use to teach someone resistance, it's this. Reverses from the trend line every chance it gets.
Imagine the psychology of a trader if it breaks the barrier.
Buy above 175 with an open target. It will move! NSE:ITC
Exide industries is breaking down further from here.
162 is a strong resistance. Breaking from here could lead to a fall of upto 152.
Trigger shorts @ 161. Target@ 152. SL@165
ULTRATECH cement: cmp 3782
Tgt 3950+
SL 3650-3600
RSI showing NEGATIVE DIVERGENC.E after breakout, Huge upside possible, make sure Volume also has to be HIGH after this.
Hello Trader, Here is the full analysis of CADSGD :
1) On 1hr chart we can see it as formed crab pattern and possible up move expected.
2) There is a strong support at 1.02655. Watch out these levels before taking a intraday long call.
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Hello Trader, Here is the full analysis of mindtree:
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley and strong resistance one can look for short.
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Hello Trader, Here is the full analysis of AUDHKD:
1) On 1hr chart we can see it as formed Crab pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of crab one can look for short.
Technical Indicators
EM200 - above 200 ema
RSI (14) - 66
ATR - high...
Hello Trader, Here is the full analysis of EURCZK:
1) On 1hr chart we can see it as formed Crab pattern and possible reversal expected.
2) Price is moving toward strong support zone and can test this zone for up move and if it respects then on basis of crab one can look for buy.
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1) Like my idea.
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3) I will...
BTCUSD as formed double top and triangle pattern on daily chart and small triangle in 1hr chart. It as broken triangle pattern in 1hr chart and expecting upmove for short term. Please zoom if you if the 1hr triangle is invisible .
