The British pound has fallen to a new monthly trading low against the US dollar as the bearish head and shoulders pattern break is increasing technical selling on the pair. The 1.2880 level is critical support below the 1.2900 level, with the 1.2840 level acting as extended intraday support. GBPUSD bulls need to move price above the 1.2960 level to negate...
The euro currency has fallen to a fresh 2019 trading low against the US dollar, hitting 1.1135, as the greenback continues to surge higher across the board. The technical picture for the EURUSD pair is increasingly bearish, with price now trading below the neckline of the head shoulders pattern. The next major downside target for EURUSD sellers is likely to be the...
In the medium term, I feel Cipla looks weak and can be shorted with a small stoploss! A trade with a good risk:reward ratio! See the video to know more!
1.Ascending triangle breakout done
2.Pattern like a round bottom formed and breakout done.
3.Closing above 514,it may go further upto 523-528 range.
4.All Daily indicators showing bullish signal and Weekly indicators are turning to bullish from bearish.
Vijayaraghavan.K,
Kovilpatti.
1.Indicators are showing bullish signals.
2.Double bottom pattern formed and breakout done.
3.Weekly MACD crossover may happen on upcoming weeks(If weekly closing above 116,it may go further upside)
Vijayaraghavan.K,
Kovilpatti.
Daily and weekly indicators(MACD,ADX,CCI,RSI,PSAR) are showing positive signals. Daily ADX moving positive,Daily&weekly CCI positive crossover,weekly MACD cut may happen on upcoming weeks.These factors will help to achieve the target levels. Please refer chart for other details.
Vijayaraghavan.K,
Kovilpatti.
Nicely formed double bottom pattern gave breakout and and trading decisively above the neckline. One can buy the stock now for a double bottom pattern target of approx 1900. which offers a reasonable Risk to Reward trade. RSI above 50 is also confirming the trade.
Entry 1810
SL 1770
Target 1880 - 1900
Disclaimer : All ideas are my personnel view. Please take...
Titan Chart shows Bearish Divergence on RSI, Stoch RSI and Momentum too.
A pull Back is possible but overall Stock looks bullish for longer term.
Bearish Divergence + Price approaching Resistance may bring the Price Down.
If setup fails and breaks 910, Wait and buy the retest of 900 areas in next couple of days.
There is a Bullish RSI Divergence and MacD Divergence on Daily Chart.
Stock is poised for positive movements for this week.
3 Support zones in the chart if setup fails to work.
Titan slowly turning to bearish mode as per weekly indicators. One can go short with minimum stoploss levels at this price.
Vijayaraghavan.K,
Kovilpatti
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