The 1-hour chart of USD/CHF indiacates that the pair is currently in downtrend. The pair broke the support the 0.99366 and it made a sell off. The pair is currently making a retracement of 61.8% and we expect the bears to return in the price zone of 0.99366 which can act as a resistance.
The day chart of GBP/AUD indicates that the pair is currently in downtrend. The pair made a strong downside move and is now currently making a retracement(50%). It also coincides with the strong resistance zone and the pair is currently facing resistance based on price action. Hence it is a good time to initiate a short trade.
Lupin LTD: - It is retracement 76.4 % move to previous high 2122.00 - Looks like double bottom (reversal pattern ) on Weekly chart - Very Good Risk Reward Ratio Trade With Strick stop loss Best Wishes
ktkbank has low p/e and have a nice head and shoulder pattern with support around 156. hope to see a good upside.
As this post is merely for educational purpose, let the stock remain anonymous for the time being. The analysis would not only be applicable to long term charts but also to smaller time frames. I have found two important phases of Panic Sell-off in a bear market. One in the beginning and one in the end. The former phase is good for sellers and the latter is...