It has come to a very strong Monthly as well as Weekly support per ICHIMOKU. It could be a very good medium to long term accumulation zone (125-160) here for targets of 250/300 and more.
No description needed. I just spot where the value should be or where are the levels smart-money and institutionals traders and investors look for buy entry's, according to Fibonacci retracements. NOT FINANCIAL ADVICE MORPHEUS.
After a steep correction from 800 in January till 650, it appears to have resumed its uptrend. The weekly Kumo bounce is activated along with a strong demand zone in hourly being observed today. It could do 750-775 with minor resistance around 730. View would be negated below 670
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
LT has activated a Bearish Ichimoku C Clamp in daily time frame. It could retest 1450 provided it does not move above 1575.
Bandhan Bank daily chart The next support level according to Ichimoku chart is 302.50, if it breaks that level the next major support level is 291.85.
In monthly time frame every time in the past whenever price has had a big gap with its Kijun the trend has reversed. Once again we are witnessing similar kind of extreme range levels. Since this is monthly it could take its time, a weekly close below 495 would be a trigger for retracement till 425-400
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.
It appears to have completed its pullback post recent breakout. It could now rally till 440 & 475. View would negate below 404
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...
Greetings Traders, Previously, the TENKEN and KIJUN crossed giving a strong buying signal. Both are moving upwards to the cloud. Price and TEN-KIJ are syncing! The price movement will make a new high and will give another strong buying signal.
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The MID Cap index took support and bounced back. The level from which the index bounced was very strong inflection point. Two back to back bullish candle with good volumes indicates real interest in the stock. Moreover there is a long term positive signal in RSI and MACD is positive with bullish bias. All these indicate that mid caps may pick up pace in coming weeks.
NSE: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