1. Best Price between 145-154 2. Stop lose - Weekly Closing below - 139 3. Gail is trading inside a channel 4. Channel Support and 50 EMA Support 5. As per volume profile 145 and 154 has an huge volume so it may act as support/Resistance Caution : Keep Strict Stop lose Because its looks like double top
A breakout from the falling channel and above the 40hema at 17337 would be a good sign that the current decline from 18210 is over and will raise the odds that the 6 week correction also ended. Then its back to the bull market that already was unless proven otherwise.
Currently State Bank of India (SBIN) is under pressure and its price action points to a correction, and its 50 day EMA was breached at 486. Price violation below the trendline around 466 would create downward pressure. And the stock might test 456 and 438, which are 100 and 150 day EMA respectively, if weakness in the stock persists. However, these levels can...
Price is trending in a downward channel. Bearish below 17000 for the targets 16940, 16900, 16820, 16780, 16720 and 16660. Bullish above 17040 for the targets 17080, 17120, 17180, 17260 and 17300.
Considering the past, NIFTY 50 respects the parallel channel pattern since 2003 (from where the channel pattern shows some sense. Didn't consider since inception as it would not in any way throw some light on understanding in a channel pattern.). But the recent post COVID spyke made NIFTY 50 breached the channel by 5,250 (from 13,300 on Dec 2020 to 18,550 on Oct...
For predicting the final year end targets we used the simple ascending channel pattern according to which bitcoin will be around 78k entending the current trendlines and fibonacci extension also shows 1.618 at 80k so we have 80k on the table 🚀 HODL & Comment your views
ETHUSDT has been testing the parallel channel for the last few hours. If it breakouts a rally will be expected else it might form a new dip. DYOR
After retest let’s see how it is going to perform All targets are in red line.
NSE:BANKNIFTY Bank Nifty Corrective Elliott wave count Sharing my Elliot wave analysis on Bank Nifty from the start of March 2020 (corona crash). And it seems the bull party is over! We may stay in bear mode for sometime now. Let me know your views in the comment section regarding the wave count or otherwise. Lets try to mutually improve. If you like the...
PHILIPCARB | Channel + EMA support - Potential for 24% CMP : 225 SL : 200 Target : 275 1:3 risk reward setup
Nifty in parallel channel since beginning Sept 2021 if price is able to sustain 17750 then we may expect bounce followed by up move
ELECON | Channel breakout and retesting - Potential for 20% CMP : 188 (Dip : 185) SL : 173 Target : 210, 220 1:3 risk reward setup
RIL is trading in 2 beautiful parallel channels as you can see in the chart. After the recent fall from its highs of 2750+, the stock has taken support from the lower band of upper parallel channel. This view is supported by a supremely bullish Doji (Bullish Hammer) Candle, this signs a strong pullback to retrace its previous highs of 2750. Possibility of a strong...
DAR/USDT starting third wave of elliot, maybe. Long term target is 7$
All details on the chart if you get any pullback towards 250-40 zones add with nearly 15% stop loss for 25-28% target 1. Mostly it will hit target 2 as wave 3 was not extended. Also channel on wave 3-4 broken so it would be bullish. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the...
UPL | Demand zone + 200 EMA support - Potential for 20% CMP : 721 (Dip : 700) SL : 670 Target : 850 1:4+ risk reward setup
HAPPIEST MIND NEO WAVE COUNTS. Seems like primary 4 is about to end as minimum time required for wave 4 formation is done in today's trading session,also yesterday it had an strong bullish candle of which we are getting follow through in today's trading session. Now long entry should only be made once trend line is breached and price stays above 25 ema for 2...