Eidparry breaking c&h pattrn #weekly with huge volume good rsi macd crossover #target can be 850 only after breking 700 EDUCATIONAL IDEA
The stock is breaking out from a descending resistance trendline, signaling a potential trend reversal. The RSI has broken out from its previous resistance, indicating strong upside momentum and currently stands at 58.25. The breakout is accompanied by increased volume, adding confirmation to the bullish move. Immediate support is at ₹700, with significant...
ICICI Bank Observations - We are looking at daily chart of ICICI Bank - 5 day EMA and 21 day EMA at 1117 & 1119 respectively - red line of resistance around 1133-1137 odd levels - stock is near blue line of support for the 5th time ( not a conducive scenario) - 200 day EMA and green line of support around 1031-1040 levels For me this does not give confidence to...
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DATE - 12th March 2024. HDFC Bank has breakout today with good amount of candle size and volume too. Applied Concepts Chart P. - Inverted H&S Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart. Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed...
EURUSD marked the biggest daily gain in a week the previous day while bouncing off the 200-SMA as the Eurozone data came in overall positive while the US statistics mostly disappointed. Also allowing the Euro pair to rebound from the key SMA level is the consolidation ahead of today’s first readings of the EU inflation data and the US Core Personal Consumption...
Reliance Industries, a major component of Nifty 50 with more than 10% weightage, is currently trading at 2850, which is the 61.8% FIBO retracement level of the last swing. We might expect a good bounce from this level. However, if this level does not sustain on a closing basis, we might see a fall to 2728, where there is a strong demand/support zone at 2647 -...
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Triveni Turbines in an bullish parallel channel. Today, Mean reversion seen at bottom end of the channel with a bullish engulfing candle on back of above average volumes, engulfing bodies of last 5 trading session's candles. Target towards the upper end of the channel.
As we can see NIFTY is now trading at important trendline SUPPORT and despite the strong downfall, we saw NIFTY taking support from the trendline and structure. As long as NIFTY maintains itself above the structure, every dip is an buying opportunity till it finally breaks down which could lead to 300-400 points downfall in single day so plan your trades accordingly.
📈 NG MCX Future Technical Chart Analysis 📆 Levels for 31/05/2024: 📊 Range Point: 217.00 📉 Day Range: 9.40 📈 Buy Above: 220.41 💼 Average At: 219.30 🎯 Buy Target 1: 222.81 🎯 Buy Target 2: 226.40 🛑 Buyer Stoploss: 217.28 💰 Sale Below: 218.19 🎯 Sale Target 1: 211.19 🎯 Sale Target 2: 221.32 🛑 Seller Stoploss: 221.32 ✨ Boost, follow, and engage for more insightful...
Jio finance will give a big up-side move in coming days. today JioFinance launched a beta app and it will give a huge impact in the stock price.
Update :- Following the upper range breakout, silver met resistance between 95,000-96,500 zone. Examining the 4-hour timeframe reveals a trendline originating on May 24th. Yesterday, May 29th, this trendline was breached, hinting at a double top (M) reversal pattern. Confirmation of this pattern awaits at the 90,000 level If this level breached, a subsequent...
The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (i),(ii, (iii), and (iv), which are shown as blue numbers on the daily chart. Wave (v) appears to be underway at this time. It is anticipated that...
As we discussed, Nifty had a bearish structure; It has fallen by 287 points. If we look at the chart now: The market is trading in the bearish zone below 200 EMA. The market has taken support from the 0.50 Fib level while making a Morningstar pattern with a very nice volume spike. Price is trading below EMAs, showing a weak bull structure. If we look at...
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
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Hello & welcome to this analysis A small cap stock recently listed in November 2021 has been on a downhill after making a double top in weekly time frame continuously making lower highs & lower lows. As of now earliest sign of reversal is above 450-475 while any decline till 360-370 could find it at the support of a Bullish Harmonic ABCD pattern. Happy Investing