Bank of Maharastra is currently making a Rising wedge pattern. It is also making a shooting star at the upper line of the wedge signifying selling pressure.. The price if breaks out of the rising wedge in coming weeks can drop to 55 levels where it has support.
1) stock at life time high
2) support at trend line
3) weekly chart analysis
4) look at volume
5) from last 4 week volume in green
6) when volume high in chart stock got red volume before and after high volume
7) but in this candle having continuously green candle look big move can expect
No recommendation for buy and sell
Todays trend day may continue by tomorrow if a gap up opening is seen and sustained above 48300 then bullish action can been seen
Support at 48000 to 48050
Resistance at 48250 to 48300
If gap down below support or trendline break may make sideways or range bound day. Also todays buyers will look to book profit.
Ajmera reality to take a long entry between 345-349 for the target price between 390-400 with SL 320. Good risk to reward trade. The logic behind trade..
1) 200 EMA Support level from the entry level.
2) Bullish candle at the support level.
3) volume build-up
4) V shape recovery in RSI
This is for your educational purpose only.
Break down of the resistance zone will lead to 21600-21000 to nestle India. This is for you your educational purpose only.Keep the stock in your watch list.
As the volume keep going down gradually there are higher chances that the altcoins once again start to show rally
all i am just saying is now we are moving in safer zone which is continuation zone
for a clear instance there are two major support being shown in the chart 1st and 2nd one
start your positions now
#btc #crypto #bullrun
#binance #lunccommunity
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
NZDUSD is in good point to move downward from here and if the war news not shift the market then we can aspect nzdusd to get bearish and hit our target of 140 pips
Tech-mahindra has show a sign of break-down I.e
1.Broke the trendline
2.Fib Conformation
this is my personal view and now lets hope for the best!
Whats your view, Comment down!
Buy DHANUKA on dips towards Rs. 700 - 715 for the Targets of Rs. 800 - 900...
Stoploss- Rs. 623
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Thank you,
Vishwajeet Sharma
