retracement 0.5 tested, cross above that can see 115 on chart
oscillators support possible for rally
overall market support possible for rally
entry on close above 97.5 with stop as comfort for target 115 +
disclaimer - for study purpose only.
IF AIRTEL SUSTAIN AT 38% LEVEL OF FIB THEN WE CAN SEE A BULILISH RUN FOR INTRADAY. WE CAN SEE A BULLISH HARAMI PATTERN TOO AT THE CLOSING CANDLE.
IF AIRTEL BREAKS THE TRIANGLE DOWNWARDS THEN WE CAN HAVE SHORT POSITION FOR (1:1) TARGETS.
UPL Long Opportunity -
UPL recently crossed its resistance and it's coming back to test the same level again. once there is a bounce from here we can see a 6% move from this level.
Try to enter as closer to the lower range to get a better RR ratio. THE current RR is 1:3.6
USD/JPY : usd/jpy is currently going to up trend for beyond the technical analysis SD/JPY moving up...
1. monthly chart for current support is strong and buying pressure is high
2. monthly chart - candle stick is engulfing and hammer forming for double conformation
3. the 4hr bottom of chart is forming...
1. Axis bank has breakout from the triangle kind of pattern on daily chart and break out from raising channel pattern on hourly chart
2. Increase in volume compared to last 3-4 days
3.Results on 28.10.2020.
4.Market outlook is positive
1. 200 DEMA at 495 level which may act as resistance for tomorrow.
2. Todays move is not limited to axis...
1. RSI oversold and made higher high while on the line chart there was lower low that means trend is going to change
2. for perfect entry i waited for downtrend to reverse by initiating the trade after trendline break with volume and it is now the same
3. 1st Targets are mentioned as per longterm trenline & 2nd target is based on resistance
DON'T forget to...