we can go for short after base line breakout.. SL seing high .. targets mentioned in chart
The corrective upmove should be at its last legs. We should now look for weakness and enter short. A move to under $30 is in the pipeline. The subwaves on the minute chat also indicate a 1-2, 1-2 pattern which should now accelerate if the days high is not taken
Midterm forecast: 39.70 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 39.70 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 39.50 on 11/05/2020, so more losses to...
MCX Crudeoil has been moving sideways but creating higher lows - this is an ascending triangle pattern that should now give a 1:2 Risk Reward ration - not the best R:R , but a good pattern to trade Look for price to rally upclose to 3000 if it stays above 2900
Gave sell call in crude oil has fully achieved given target. Now very crucial part - Buy Crude Between 2775-2780 Strict SL - 2749 Sell Crude If Breaks 2749, Will Update SL & Target Once Breaks 2749.
A very interesting pattern. Sell crude oil in range of 2900-2930 Strict SL - 2961 Target - 2775
Hello colleagues. Double top pattern for oil. If price will break through the nearest resistance zone by Wednesday next week, then the target for oil is 36. but I advise using trailing stop loss as oil goes oversold and the countries of OPEC may announce additional cuts to normalize the situation. Fundamentally the previous growth was associated with hurricane...
Midterm forecast: 41.70 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 41.70 is broken. Technical analysis: The RSI bounced from the resistance #1 at 55 and it prevented price from more gains. A peak is formed in daily chart at 43.65 on 10/15/2020, so more losses to...
The upward to sideways moves over the last few weeks seem to have ended with wave Y. If prices trade below 3005, below the diagonal triangle we should be set for a large downmove. This could be a move larger than the one that started in Sep and lead to 2600 levels. Will track as it progresses Crudeoil in USD has the same pattern and should be headed the same way
Midterm forecast: While the price is below the resistance 46.50, resumption of downtrend is expected. We make sure when the support at 38.90 breaks. If the resistance at 46.50 is broken, the short-term forecast -resumption of downtrend- will be invalid. Technical analysis: A trough is formed in daily chart at 38.90 on 10/02/2020, so more gains to resistance(s)...
MACD Crossover is almost formed on the daily chart, stock is currently trading around its crucial support level (164). The stock was up by 3.20% on 16 Oct. 2020. With keeping the MACD crossover in mind, one can look forward to a swing trading opportunity in NSE:HINDPETRO . SWING TRADE : BUY IN 160-175 RANGE STOPLOSS - 140 TARGET 1 - 200 TARGET 2 - 205 TARGET 3...
Midterm forecast: 46.50 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: A peak is formed in daily chart at 44.15 on 09/18/2020, so more losses to support(s) 36.95, 33.80, 19.40 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against...
Buy above 355 for targets of 365-370 with stop loss below 348. Trail SL closely due to downside risk.
Midterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 37.10 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: A peak is formed in daily chart at 41.70 on 09/18/2020, so more losses to support(s) 38.85...
Just check How crude is near triangle breakout. Also check how scalping indicator is providing perfect buy sell signals!!