Pattern
SBIN - High level picture of what happened in the pastIt will not be strange if SBIN can reach the strong support as mentioned if stimulus package is not announced by the government.
We can see that it has reached around Rs.145 range multiple times in the past (Aug 2013,Sep 2013,Feb 2014,Feb 2016).
The past is going to be repeated if a strong stimulus package is not going to be announced by the government.
Let's see if SBIN is going to reach the strong support !
Complete head and should pattern on MINDA CORP.I don't need to write more about this stock technically because I already have taught for this Top reversal head and should pattern :
Ref.
As per the downward channel, we can create a trade setup :
Risky Investors can buy at Rs. 47 first entry point
The next Entry point is Rs 47 or Rs. 33
NOTE: PERSONALLY I AVOID THIS STOCK FOR LONG BUT IF YOU HAVE PATIENCE THEN THE GIVEN LEVELS ARE BEST FOR INVETOSR.
Self studied on NIFTY.First Look at yellow highlight candle with long shadow at ATTENTION part(i) and same formed on ATTENTION part(ii) .
Now, pay attention to the whole part (i) which has a downtrend , same part (ii) is in a downtrend . I have marked with a light pink circle which almost common in both parts .
After the long shadow candle , started U-Turn in part(i). Turn your eye on part (ii) , Now you will find that U-Turn can start about here .
The following points can validate to U-Turn or NOT .
The price will not fall or stay below 11225.
In case, little gap up, then price will not break 11240.
Price should be traded 11320 above after 3 o clock.
Upcoming news should be considering:
Friday 26th July 2019
-> 5:00 PM : Forex Reserves for 19th july
Wed 31st Jul 2019
-> 5:00 PM : Infrastructure Output for June
Wed 31st Jul 2019
-> 11:30 PM : USA Fed Interest Rate Decision
Thu 01st Aug 2019
-> 10:30 AM : Indian auto sales numbers
Full detail researched on NIFTY with positonal and intraday. We have seen breakdown after (5) wav e and fired move in downside which still unstoppable .
This channel is not much reliable target/support 11337 and Final support from measurement at 11212 nearby.
I have drawn the "FLAG PATTERN" in a chart which has still left more fall. It's a negative point.
Advanced predicted channel has support 11300 nearby.
Realtime example of TAIL trade on TATASTEEL4 tails at the value high with one excess and 2 tails found at the value low with one excess. The presently fromed tail is not at excess but its a breakdown channel.
Remarkable points , recently created tail has enough shadow as comparted all others.
Therefore, Possible to fall more OR create a series of tails .
STEEM/BTC good accumulation zone in last support areaSounds awesome and horrific in the same time eh..
just looking into steem/btc chart moving closer in the edge of descending triangle.
interesting what will happen..
from indicators seems oversold in daily RSI and stochastic RSI
and bullish divergence is sighted within MACD and Price action...
awesome.. but keep in mind this asset didnt have big liquidity as this asset have less than 15 usd million which easily get manipulated in price. but if it so, the price most being pump rather than being dump since steem already down from ATH 96% .. but who know??
please feel free to share what your thought.
peace.
STEEM/BTC good accumulation zone in last support areaSounds awesome and horrific in the same time eh..
just looking into steem/btc chart moving closer in the edge of descending triangle.
interesting what will happen..
from indicators seems oversold in daily RSI and stochastic RSI
and bullish divergence is sighted within MACD and Price action...
awesome.. but keep in mind this asset didnt have big liquidity as this asset have less than 15 usd million which easily get manipulated in price. but if it so, the price most being pump rather than being dump since steem already down from ATH 96% .. but who know??
please feel free to share what your thought.
peace.