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Ichimokuchart

TATA MOTORS riding upwardsGreetings 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 point if TEN-KIJ crosses at the new high, BULLS will enter the trend with a great force.
NSE:TATAMOTORS
by Thetradingmyopic
5
NiftyIt has made a Bearish Harmonic AB=CD today along with a negative bearish divergence. The mid point of the parallel channel coincides with the Ichimoku Kijun support near 12500. Failure to hold the level on hourly basis could trigger a short term decline till 12250-12000 which coincides with the expected fibonacci retracement of the bearish pattern, Ichimoku Kumo support and lower end of the parallel channel. The next resistance for Nifty is at 12825 and above that at 13100/13500
NSE:NIFTYEducation
by Dinesh_C_Nagpal
7