Divis LabSlanting Channel set-up. It appears to be near a strong resistance now between 1620-1625. Expecting a pullback till 1575 and then 1525. View would go wrong if it sustains above 1645
Ichimokuchart
HDFC LtdIn both daily & weekly time frames it has breached through support of 2060-2090. Going forward until price does not sustain above those levels it could further slide down towards 1925-1900, where it also has a Bullish Harmonic AB=CD PRZ. HDFC has a lot of weight in the Nifty index and has now started showing signs of a correction like other stocks
OMAXAUTO LONG ABOVE 50 FOR 70 , 74NSE:OMAXAUTO
Only for education and information purpose. Should not be taken as a trading call.
CLOSING ABOVE 50 WILL GIVE A GOOD MOVE IT UP TO THE RANGE OF 70, 74
CHART BY HARMONIC LEARNING AND EARNING
Twitter @NPratap2006
Why We Use Kinjusen in All Our Trading AnalysisNote : We Never Use Any Default Setting if Indicator..... Dont Use Default Settings Ichimoku (9,26,52) & RSI 14
Why We Use Kinjusen in All Our Trading Analysis - We Use Mostly RSI & KINJUSEN
Reasons::
Why KijunSen Is Superior to the Moving Average"
Let’s begin with the formula, since Kijun Sen measures the past Our Given periods:
Kijun Sen = (Highest High + Lowest Low) / 2 for the past Our Given periods
By taking the median of price extremes, Kijun Sen reflects the equilibrium, or 50% retracement of prices, taking volatility into account. A flat horizontal Kijun Sen means that price extremes have not changed, and the market is consolidating.
Prices tend to gravitate towards this equilibrium, as indicated by the blue circles in the above chart. Once a strong trend is identified, retracements toward the Kijun Sen serve as more conservative entry points.
