We created a parallel channel by looking at market pivots that have lines (a), (b),....(e). If look at this chart and drawing minutely, then you will found that where are maximum points(dots). That is called gravitation to attract the price value. In the future, while the pullback price tries to test this line in the coming days.
Fibonacci ratio, Many traders...
The mainly four Fib. Retracement are applied in different years.
confluence zone at 9647.
38.2 retracement level is at 9395
previous resistance and 61.8% retracement level at 9067.
Question is how to understand and use these levels?
Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can...
if there is a not a breakout about the trend line and the prices just tooches the trend line go short till the nearest support and if there is a breakout then wait for the trend or dont trade. place the stoploss near the resistance or according to your capital.
Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is...
NMDC @ 128.95 is breaking down. But its a risky, we are in the middle of the trend.
Target 1 :: 121.75
Target 2 :: 119.45
Should be observed carefully, trade as per your knowledge. This is just to put on your radar.
Buy IndiaBull Hsg at current level with stop loss 295
Target insight 362, 394 and extended 411
Interesting chart pattern and looks like possible breakout at current level.
Good to keep stop loss and train on higher move
This is a Retracement Move Expectation.
I am looking at a possibility of a further 80-90 points drop to find genuine buyers again near 1470
I will be looking to find good sell setups to enter.
1.Currently trading slightly above support 28329 & 200 Period EMA in day chart
2.Though overall sentiment is bearish, elliots wave and late recovery towards market close suggests the possibility of pullback
3.On bullish side,Price might go up-to 28581 or 28770
4.On bearish side, if it breaks and crosses below support 28329 & 200 period EMA,then it can go up-to 27730