After a protracted downward move, PEL has been consolidating with an upward bias and is now attempting a pull back. As long as the price is able to hold above 980 levels, the momentum can be on the upside and the move can take the prices to 1260 levels. Short term moving average bias is in favor of a pull back.
The targets on the upside are given in the chart....
Even when the NIFTY broke below the crucial level of 9150 yesterday and closed below 9000, some of the IT stocks did well. TCS has been moving in an upward trajectory and has been making higher lows. If the stock manages to stay above 1960 levels today, it can attempt levels closer to 2092 in this series. If the stock witnesses selling pressure near to 1960, it...
BankNifty Outlook looks bullish to me from here.. As per my Wave Analysis.. BankNifty has Complete Wave A and Wave B of Longer Correction.. Where Wave A was an Impulse Wave.. Wave B was a Running Flat Correction and Now Wave C is in progress which should be Impulsive as per my analysis.. which means we can get Targets of 22000 or higher for BankNifty very quickly...
TREND ANALYSIS & TRADE SETUP
Wave Analysis & Chart Pattern .
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-6 times.
Great buy opportunity on EURGBP
After a huge decline we finally start to see some indications of trend reversal
- The price broke the lower tunnel trend
- Price retested after breakout and seems to be holding
- we see now a potential double top setup on he hourly time frame before it bounces back again and keeps raising
TP1 range for short term trade buy...