After making bearish pin bar last week, this week ended with strong bearish candle. (Short bias)
Few days ago, prices made a lower high then broke the upward trend-line which signify possible trend change.
For further confirmation, analysed intra-day time frame i.e. 4H.
After breaking upward trend-line on daily...
Last week ended with strong bullish candle. (Strong bullish bias)
While analyzing weekly strong bullish candle, on daily time-frame price broke the down trend-line with strong bullish momentum which signify possible trend change.
After breaking down trend-line on daily time-frame, price also broke the 50-EMA...
Prices took support from long term support level and week ended with long wicked bullish candle. (long bias)
While analyzing weekly long wicked bullish candle, on daily time-frame prices broke the down trend-line with strong bullish momentum candle which signify possible trend change.
After breaking down...
GBPAUD is in a downtrend on daily & 1 Hr, as you can see there are two sell zones and one of them holds a golden zone of Fibonacci 50%. So I would expect the price to come to the 50% and wait for bearish price action signal to confirm my sell call. Profit target will be the next support level. Keep an eye on this one. Lets see what happens.
I am not a financial...
WAVE 1-2-3-4-5 has been completed as marked in a chart, further correction unfolding in flat corrective pattern with wave a & b completed and wave c down movement is expected to happen in minor 1-2-3-4-5 wave correction.
SBI Monthly Chart
While a typical chartist may call for break-down, the price-to-book value (historical fundamentals) indicate that the stock has multi-year support zone around the price range of 140 to 160. Are we going to see this support zone break-down and melt away in 2020 ? We expect to see long-term impact to emanate from today's policy...
Aurobindo Pharma is Bullish in my View
-Ascending Triangle Pattern Formed
- Inside Ascending Triangle - Descending Channel pattern Formed and Gave a Breakout Already.
- Multiple Rejections happened Inside the Triangle and the stock price keep in going high
Best Buy above 685
Best Sell Below 640
Trading a Pharma Stock is a Risky, in the Current Things Happening...
Lupin following a channel and heading towards the resistance area. Expecting a bounce back from the resistance.
CMP : 910.15
Entry Price : 925
Stop-loss : 930
first Target : 890
second target : 894
- stock is making a pennant formation on daily chart
- RSI is above 50 so stock is in bullish mode
- Trading Volume is high
- if the daily candle closes above the trend line and crosses 1320 Fibonacci Level, buying triggers for 1430 levels.
- if the daily candle closes below the trendline below goes below 1230 then we can...