On monthly chart, the price action indicates a change in trend.
Why is it a Change in Trend:
1. Price action making lower Highs (LH) and Lower Lows (LH) on monthly chart created a downward trend channel.
2. Now the price action made a Higher Low (HL) as indicated in above chart that indicates rejection of lower prices and buyers entering market to control...
The following factors are -ve.
Price is too far from 20 M.A.
Tail found at the area of over-reaction.
Wave(5) is so close.
The price is out of trade channel area.
Professional and smart money investors whatever you called them such as Speculators, Arbitrageurs, Fund managers, insiders, etc. are already entered near the wave (4). Focus on their profit...
Taken Support @ Lower Line of Channel.
Potential AB=CD in Process...
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Dear All-
ACC- is Near the Long term Channel support as well as 100 Week Moving average Support
* Acc from long time it is trading between channel only.
* ACC Near the This support around 1360
BUT one interesting things happen in ACC
Last Day candle is not able to break its Last day Candle High Low
and Day before yesterday's candle is not able to break the...
Bank of Baroda has been in a descending channel for the past month. The stock has formed this reversal channel at an important daily support zone. The stock created a double bottom formation last week giving more indication of a reversal.
Stoploss - 88.65
Target 1 - 99.05
Target 2 - 103.35
Target 3 - 107.30
Disclaimer
This content is for information and...
GBPAUD has formed a rising channel pattern on a daily basis with the current prices trading at the bottom of the channel, creating a buying opportunity. The expected target for the trade is at 1.8200 which is the mean of the channel and the SL for the trade is at 1.78232.
Playing well in a channel, in the last session, rebounded from the bottom channel support.
If it doesn't breakout out from the channel on Monday, its high chances will touch 535 lvl soon
All the best for your trades !!!
NSE:LT LT is trading in Channel, buy close above and Sell closes below the Channel. Stop loss as per your Risk Appetite. RSI is not showing any divergence as of now, we may get in coming days Also please note that results will be out on 23rd.
Vedanta is trading in Parallel channel zone for almost a year now, if single candle closes above the resistance line it then targets 173/206 for short to medium term. If get rejections at resistance target is lower support line at 110-120 range.
Nifty Pharma has bottomed out and we can look out for some pharma stocks .
Below are the weightages of top 4 stocks in the index.
Sun Pharmaceutical Industries Ltd. 22.59 %
Dr. Reddy's Laboratories Ltd. 17.23 %
Cipla Ltd. 11.36 %
Divi's Laboratories Ltd. 11.15 %
Moving In Channel.
Trend Line Resistance.
Fibonacci.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
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