Timken is moving in channel since Covid drop volumes looks returning
On weekly chart MACD about to give positive crossover.
Currently Broken out of Triangle and is in consolidation. It looks to be in 5 of 3 wave which should be sharp up.
Can go long near 2150-2050 range with SL 1905 for targets given in the charts which are 0.618 and 1 fibonacci...
First, I recommend reading the previous report of BankNifty.
Link: BANKNIFTY Can't Wait to Fall – Even Without NIFTY's Help
According to technical analysis, Banknifty is trying to collapse. It needs solid support to reenter into the uptrend channel. The strong support is nearby the 34600 level. It will try to retest 35260 - 34880 - 34600 levels this week.
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JSW Energy has been forming a downward channel for 22 weeks, and Elliott's projection illustrates the formation of a corrective structure.
Traders can short for the following targets: 289- 278 - 262
The corrective pattern started unfolding after a high of 408. Let's discuss wave formations and the Fibonacci relationship of correction.
Wave ((A)) is an...
Gail looks to have come out of wave 4 and now making leading diagonal for starting wave 5.
Leading Diagonal chart as below
Upside potential of almost 60% expected targets near 230. One can look for lower target as well of 0.618 extension near 190.
Details of entry exits and targets as per charts.
DISCLAIMER:There is no guarantee of profits nor exceptions...
Bank Nifty Cmp 35410 dated 25.3.2022
15 min time frame
1. Buy above 35450 for a tgt of 35600-35700-35870
35900 SL 35250
2. Sell Below 35280 for a tgt of 35050-34900-34800
34700 SL 35450
It is just a view, pls trade at your own risk.
Breakout above Darvas box zone at 310. Current price at 320.15.
Please read my previous analysis of Delta Corp here:
Strong support at levels of 310 and 300.
Targets of 350, 386, 400.
Note: Trade wisely with strict stop-loss of 5-8% and risk capacity
HELLO TRADER'S,
Once check out the bitcoin in 4 hours time frame. And it forming Higher high and higher low. Always taking support at HH. Soon we can see BTC at $48000-$50000 in the end of this week.
Bitcoin have strong support Between $48k-$50k. If it's not able to hold at that price we can see some drastic dump up to $46k-$43k. If it manages to breakout the...
MTARTECH has started bearish parallel channel past few days.
it's near virgin price if that may be able to bring mild bounce which may later turned out to be better. otherwise more bear will be welcomed
*Read This Report carefully to get an accurate entry level for buyers.*
Devyani International has created an all-time high of 198.90. Price faced supply pressure that bulls couldn't hold their power, and it has started correcting for upcoming impulsive structure. After counting the wave, we can name this correction 4th corrective wave, and the all-time high...
