Target1 - 338, Target 329 | Stoploss 360
Breakout happened with high volume, But it keeps on failing for the last 2 days. One can confirm after the next candle. I am shorting this trade after two days. Detailed suggestions and perspectives are welcome
Eventhough @Biocon shows good move, It can be pulldown if it didn't get buyers(demand). I mean there are 80% chances for fail breakout. To confirm it, short if the price closes below red line and if it shows less volume(less interest).
The counter is range bound, 0.71300-0.70669. After taking resistance at the upper end of the resistance, the counter has crossed the mid level of the range, 0.70981. Hence, we expect the pair to the lower end of the range, 0.70669.
NZD/CAD is currently in a range bound move. It has taken resistance at its upper range end is on it way to its to lower range. Also, it has crossed its critical support at 0.90131, hence we expect the pair to move to its support at 0.89132.
Nifty 50 Narrow range 10460 to 10600 while broader range 10370 to 10700 if nifty break either side of narrow range it will drag 100 to 150 point
This is weekly chart of PFC on NSE (INDIA) trading at CMP of 93.65. It looks an excellent investment idea based on price behaviour as illustrated below: 1. Price is trading in range (70 - 160) since Feb 2014. Upper and lower range have been drawn on the chart indicating various supports and resistances using arrows. 2. Activity in the scrip can be witnessed...
On breaking neutral bound we can see given target on chart
It has been observed that the price action facing a strong selling pressure at the resistance zone of 730-740 levels, which is indicating further weakness ahead. It has also observed that the price action also forming a range for past few months, which may likely to continue here on. T1- 700 T2- 680 SL- 750
....... Plotted & Mentioned ........ CHART. If this post enriched your knowledge & helpful for trading, Please don't forget to Hit / Click Like button. Your likes are the only motivation to post better ideas in future. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor. All patterns have are not fulfilled 100% criteria.
It has been observed that the price action trading in a range for a while and now it has again reached to the bottom of range where a revival is expected. Once closes above 56 levels then it shall further rally up. T1- 58 T2-60 SL-54
Notes on the chart. White pattern would fail above 993 and reddish below 969. Its possible that the white pattern does not completes and the confirmation for that would be below 977. In that case only red pattern would be worth focusing. 970/975 would be the level to watch for buying opportunity. If white pattern completes look for shorting opportunity near...
Vedanta on formation of Range and waiting for breakout. Price and Indicators are indicating Neutral trend so need to wait for confirmation on which side will break. Trade Long: Buy above - 263.50 Target 1 - 268 Target 2 - 275 Stop loss - 257 Trade Short: Short below - 257 Target 1 - 250 Target 2 - 253 Stop loss - 263.550
According to setup and OI analysis, I think a 23800 CE SELL @ 7.35 and 22800/22900 PE SELL @ 12.6/18.5 would be good enough for 6th July Weekly Expiry.
Hi, As i mentioned yesterday Nifty didn't touch 9018 level, Nifty fell into the range bound for another couple of days. As per Elliott wave count Nifty finish its 5 of 3rd wave and 4th wave would be Range bound. Target for this corrective wave is 8700 - 8692. Its very tight range we can enter BUY on those level to capture the final leg of this entire B wave i.e....
NSE:MRF has been trading in a range starting October and yet again reversed from highs. If the supply zone stands good, it should go down to the previous swing low. Otherwise, if it breaks the rectangle upside, we might see action on the long side.
Nif ty trading locked in the trading range, range bound trading won't offer more, better wait for the breakout- veer te chnical analyst