M-oscillator
Technical Analysis of Litecoin: 25th February 2018Litecoin has entered into the corrective phase of the Elliot Wave Pattern.
Wave A began yesterday with the bears taking control of the market and the market suffered a major drawdown.
The downtrend is going to continue all the way down until it finds support around the 50-day moving average at a price of about 37.29. This can be a good entry point for going long.
The wave B upwards will be a small wave and it will test the 200-day moving average resistance at about 44.90. Exit the market at this point.
Then the wave C will begin which will took the market downwards. This wave is going to be as long as wave A and is going to find support on the 200-day moving average at a price of about 33.89. This is a good re-entry point. The market is going to go long from this point.
If wave C couldn't find support at the 200-day moving average then the market is going to go down further to test the previous low at around 22.52 which was formed on the second week of December 2018.
WANUSD Binance DailyJust broke trend line resistance, if this closes above and creates a HH, its gonna follow very soon to 0.57$
RSI Divergence on Weekly and Daily chartTata Motors DVR has witnessed a falling knife since last one year. Price has came extensively down, Now there is support zone near 70 level. We are expecting tata motors dvr to bounce back from current levels till 140 initially. Daily and weekly charts has positive divergence where we can see that prices are making new low but RSI is turning upwards which indicates downside move is limited.
DESCENDING TRIANGLEPRICE IN DOWNTREND AND CURRENTLY FORMING A DESCENDING TRIANGLE .ANY BOUNCE TOWARDS THE UPPER TRENDLINE IS TO BE USED FOR SHORTING POST PRICE ACTION CONFIRMATION.TARGETS CAN BE HUGE IF THE BREAKDOWN HAPPENS.
Bata India - Beairsh ABCD Pattern With RSI Bearish DivergenceBata India Looks weak on weekly time frame with Bearish ABCD pattern and RSI Bearish Divergence. A Bearish candlestick pattern on weekly time frame will confirm bearishness. t.me
hidden bearish divergence This counter rally is running into a hidden bearish divergence. Volume is declining. The trendline breakout didnt bring in a lot of buyers. I expect the stock market to go down, trying to continue it's downtrend.
Going straight back to the all time high without looking back would be very surprising.
A High Probability trade in Welspun IndiaAs you can see fibonacci extension support is near the cmp and last critical support is also near. if there is a bounce back then you can get the target money easily.
RSI is also in Oversold Zone
kajaria ceramics | over-bought | sure short calllong-legged doji + rsi showing overbought--> short call
target--> 527.
sl-->542
NSE: SUNPHARMA Possible BuyPossible buy for SUNPHARMA at current level until 452 for a target of 468, 478 & 493 with a stoploss of 422 in short term.
Technical bounce back to continue until 493 before facing major resistance.
Below 422 will open more downside
BANK OF BARODA LONG SET UP NSE:BANKBARODA is facing Resistance at 118-119 level . Hourly charts showing Divergence with RSI & MACD . We can expect a correction to the Weekly Support Line at 108-110 . From there the Stock will see an upward journey .
NIFTY HOURLY CHART TRADE CAUTION TRADE WITH STRICT STOPNIFTY HOURLY CHART TRADE
CAUTION TRADE WITH STRICT STOPLOSS
NIFTY HAD BROKEN STEEP TRENDLINE
NOW HAS RETRACED TO 61.8% ON HOURLY CHART
IF THE TREND IS TRUE IT MUST REVERSE
FROM 10568-70 OR 10550 LEVELS(ADJUSTED FOR VOLATILITY
TRADE WITH A VIEW OF 10750 IN MIND AND WITH A 30 TO 40
POINTS ON THE INDEX
