After giving a gap down its daily chart as per Ichimoku is suggesting a retest of 1675 which also coincides with a weekly support. Large Pvt Banks appear to be seeing profit booking since Friday and Kotak Bank in particular looks weak. View negates above 1870
It appears strong both in the short term as well as medium term. It could test 150 (short term) and above that 165/190. For short term the view negates below 137
It is at the top end of its rising parallel channel . As per Ichimoku it is also at a Price & Time Axis reversal . An hourly close below 14525 would validate the reversal for 14250/13750 . View would get negated if it gives a daily close above day high after triggering a down move.
After reversing from a Bullish Harmonic Shark it has now given a breakout in weekly time frame as per Ichimoku which suggest further upside till 550 as long as it gives a weekly close above 485.
Coincidentally, the min expected retracement of 38% of the Bullish Shark is also in the same range along with a Bullish Harmonic Dragon which is running in daily time...
After completing its pullback towards the daily time frame Kijun support it has reversed and appears to have a given a breakout in hourly time frame. If it holds above 574 it could continue its rally till 675 with a minor resistance at 625.
After giving a breakout it appears to have completed its pullback. It could resume its uptrend from here for 1125 / 1150 as long as it remains above 1030
Greetings Traders,
Keeping the cloud in mind, and with a great amount of respect to it, TEN-KIJ is moving to a new high to provide us a strong buying signal.
Support will become resistance taking a down move.
Greetings Traders,
If we check on the previous crossing of TEN-KIJ, it was in the KUMO which means no trading zone.
We can see that the price, TEN-KIJ, and KUMO are not moving in a stable pattern.
The KUMO kept on switching between Support and Resistance with a gapped price movement.
The price movement will make a new high.
TEN-KIJ are moving upwards, at this...
Greeting Traders
Hello, this is the ITC bank 4-hour time frame chart.
I will tell you how the Tanken sen resistance.
When the tanken is at the top of the candle, it will work as a resistance.
Thank you.
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Greeting Traders
Hello, this is AXIS bank 4 hour time frame chart.
I will tell you how the tanken sen supports.
When the tanken is at the bottom of the candle, it will work as a support.
Thank...
AJANTA PHARMA HAS SHOWN NEGATIVE TREND ON ICHIMOKU CHARTS. PRICE IS BELOW KIJUNSEN AND TENKEN SEN. TODAY CHIKOU SPAN ALSO CLOSED BELOW CLOUD. GOOD SHORTING OPPURTUNITY BELOW 950 WITH AN SL OF 975
Taking support after breakout on 18th November is a good sign confirming the institutional presence in the stock. The stock is now setting up tone for a strong move up with supporting volumes and momentum. The RSI is positive into the bullish zone and MACD well above the neutral zone with positive bias. Longer term targets are close to 485 levels!
The stock is taking its time out at the 60 levels on RSI. After a unstoppable rally from August it has moved sideways and have consolidated. As of now he prices are resting on KS/TS support line, if a breakout is not registered within a session or two then some serious momentum loss may be grip up thereby pushing the stock into some sharp corrections.
