The chart is showing frequency at the down sloping PF. The prices broke the UML and came back again start trading below it. It may have shaken the weak traders today and may fall till ML. It offers a good opportunity to trade it with small SL with risk and reward ratio of above 4.
Entry current Price 250
SL 254 closing
Risk/Reward Ratio 4.3
Index on friday, tested twice, its Fibonnacci 38.2% (11,740) of the 1st impulse wave, also the lower quartile of Mod. S pitchfork intersects the said Fibb level at 11,740 on monday. which can act as a strong support point. better than expected Q4 results of Index Heavyweight HDFC, could further act as a catalyst for the uptrend. Impact of RIL's result (lower than...
Just Dial has denied news reports, and has said there has not been a data breach of 100 million users on its platform. It added, there was a vulnerability on its older version of the app which has now been fixed. The stock is down over 3 percent.
but according to my chart analysis just dial become very bullish share
Resistance of Maiden Line.
After Break Down of Maiden Line It Acting As Resistance.
Will Review Later For Further Move.
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.
Price actions are captured by an up sloping PF with multiple touches on LML so one can try a trade on this setup. It is a strong demand Zone also and now coming out of RSI oversold confirming a good possibility of reaching the target.
Entry current Price
Risk/Reward Ratio above 3
Disclaimer : All ideas are my personnel view. Please take...
Ashok Leyland has formed double bottom and showing signs of reversal. It has a reasonable PF catching the price frequencies and is available on the LML offering a good entry. It has formed a double bottom with divergence on MACD which is quite reliable setup. Heiken Ashi has turned to Green also. One can buy the stock with the following details
Entry current Price...
Nifty Daily chart is telling price range 10950 - 10650 since last 2 months. It has touched the lowest boundary but closed above the 78.6 Fib level. It seems that buyers have emerged from that level and found it cheap. Price have bounced from the ML of the PF( I would not give much weight-age to it as it has not shown much harmony with it). Hourly chart Heiken Ashi...
Nifty seems to have reached the level and could give a good short trade. There are multiple resistence in different Time Frames at 10840 level so it could be a good idea to sell Nifty at this level by providing the SL of 10920. One can look for a target of 10600 which offers a potential of good 240 points and a reasonable risk to reward ratio.
Disclaimer : All...
Candle Pattern: Harami Cross Bullish.
Volume: More than 3X 20d avgerage.
Observed Divergence in some of the technical indicators & oscillators. ( RSI , MFI, OBV, W%R etc.)
Potentially Strong Above @ 418 - @ 420Treat as Swing Trade Hurdle level.
Once closed above @ 420 with Volume Strong UP move.
Witnessing Strong Volume in Last trading session.