USDCAD is run at boundary condition and this renge is very strong. if price break the level 1.35030 then stock go down other wish the is back and go up.
Kindly notice how the candlesticks are following Fibonacci Pattern and also forming Head & Shoulder pattern Keep Learning #Like&follow
Go Long, time Horizon 1 month. First Target - 54, second - 60 , third 62
Reliance is taking support from bottom trendline take position if hourly candle close above 1470-71 with SL of hourly candle close below 1458-60
Nifty Symmetric triangle forming. double bottom at yesterday's low. chance of re-bounce from here.
Buy above 1904 Target - 1912 , 1923 , 1930,1940 Sell below 1891 Target - 1883 , 1872 , 1861, 1850
Below is my view for NIFTY for coming week 1. April 14 : Trading Holiday 2. April 13 : Lock down extension news 3. There could be some news on stimulus package, but I think it is not going to be enough to create sudden jump on the upside. 4. But with current momentum NIFTY could well go up first 9400 - 9600. 5. Hence intraday positions should be on the long...
Trading trapped shorts Learning 1. After decent uptrend, the first lower low is not actually shorting opportunity. 2. Second short could have been avoided if waiting for trend line break is confirmed on shorter time frames.
INVERTED CUP AND HANDLE pattern is seen in weekly. may able to see more down. last hope for bull is 2364. or may see 1900 in 2020.
good support zone 400. if sustains may reach 424, 450 in coming days. if goes below may see 380 & 364, enter above 404 with SL- 390.
ICICI bank Support and resistance
lately i also notice strong weekly trade line now, banknifty have to cross 2 major resistance
Based on oi data and trend it seems bullish. Hope 26400 will be not broken.
Time frame 4 month #justSaying
Dena Bank is showing bullish divergence with respect to money flow index. Also the price is in a tight range since August. It may break from the range soon. Can it be a breakout? Please share your thoughts.