WTI (CRUDEOIL) – Prepares for 88 USD!Hello,
I think WTI is in a fabulous uptrend with target about 88 USD to 90 USD!
Now we are in a corrective wave 2 pattern which belongs to a final wave 5 of 3 as you can see in the chart above and below. WTI closes the final wave 5 of 3 as a so called ending diagonal.
The green box shows the expected area where wave 2 comes to its end (at about 66 USD, I suppose). I use the green box area to place another longorder. There are over 20 USD to collect, so this could be a very lucrative trade!
Be careful, because If I am not right and WTI misses 63.57 USD, it goes down to 60 USD and deeper:
I set a stop at 63.55 USD.
Please leave a comment or a message, if you have any questions!
Take care
tgo
Long-short
Trend change dateJust note the high and lows of today
high-24994.85
low-24803.65
if market sub stain after breaking high or low just take a trade in that direction
Just for knowledge purpose i captured complete 1006 points of bank nifty -0.20% by analysisng the dates
Sustaining above high and low is very imp not just breaking
Must Watch { Nifty on crucial levels!!! }Nifty is in a symmetric channel where there are 3 possibilites...
1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction...
2. It May continue sideway move and give upside/downside move after few days
3. Breakdown, through which we may conclude that the nifty is ready for bigger correction...
Targets in Case of Breakout : 9710/9750/9800+
whereas SL will be : 9650
Targets in Case of Breakdown : 9535/9480/9360-
whereas SL will be : 9630
Note: Do your own study before making any position...
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IDEA - LONG - SHORT TERMThe RSI is placed at 37. It is bounced back from 31 levels and showing some strength.The 200 DMA is Acting as Resistant. Stock has Tried to Break the 200 DMA Resistance few days back and Failed to Break it. It is going to Test the 200 DMA as the RSI is indicating a Support at 37 which is bounced back from 31 levels. So one Can Initiate LONG on IDEA at CMP for a Target of 89.45 With a Stop loss Placed at 82.9.
Eagle - watch and catch the perfect entry/exit on NiftyEagle - wait and catch the trade at perfect level. I have mentioned the path of nifty for short term.
Path 1 - drive to the trend line and vehicle may get accident once to touch trend line. Reason - MACD is not exactly on strong bullish trend so nifty have less probability to break the trend line.
Path 2 - if nifty failed to break the trend line, leads to fall down to the support zone.
Path 3 - summer season no water available in any well or lake. likewise after support zone, GAP was opened and nifty may slip from support, then fall to the end (fill) the GAP and may take some rest for a while - SIDEWAYS. ("Have a Break, Have a Kitkat")
Path 4 - finally nifty may gear up to break the long trend line with the trend confirmation of MACD '0' barrier crossover.
Note: Failure may happen when the nifty break the trend line in advance.
Wipro retest of support at 485Buy Setup:
Wipro just bounced off at the support level 485. We also have a hidden bullish divergence. Go long at the break of trendline, with target at 500.
Short Setup:
If Wipro breaks bounces off the trendline and breaks support at 485, wait for retest at resistance and short it with target at 470 level.
JetAirways Long Short Term Although the stock is in down trend and even in the bull market it is making lower low but a short term long trade is possible on the basis of today's Bar which offers good risk to reward ratio. One can buy the stock for a target of 400-410 providing the stop loss of low of today on closing basis.