Is the current move of SUNTV just a throw back of its breakout?
550 plays a very important support level even psychologically and technically. It has also retraced and reversed from very important retracement level which coincide with major support.
Ason 16/09/18, ITC is in downtrend in daily time frame. Crucial resistance level is 308.42 and crucial support level is 305.82 as per pivot points (fibonacci). Short ITC if it crosses 297 for target 290/287/280 with stoploss 311.40.
SMART INVESTORS WILL ACCUMULATE
AT THESE LEVELS STOCK HAS RETRACED
MORE THAN 61.8% AS A TRADER TRADE FOR
SHORT COVERING AS A POSITIONAL TRADE ACCUMULATE AT THIS LEVELS
BUY@107(WAIT FOR IT
STOCK HAS FORMED A STRONG ...
What a performance by "Retracement and Reversal"!!! Crystal Clear.
Buy on around 1:15 pm @ 26500 and Zoommmmmm
Here it is how it performed in 3 min Timeframe.
"Retracement and Reversal" Never Predicts.
Only known to future*, if this Retracement continues further its way down and gets converted to Reversal - Down Trend.
Ideally Retracements are "No New Trade Zone".
Traders who entered a LONG Position at 79 Levels would have exited at 89 Levels yesterday morning as suggested by 4th Grade Green.
*Retracement and Reversal never Predicts.
Only known to future*, if this Retracement continues further its way up and gets converted to Reversal - Up Trend.
Already showing Pink in "3. Multiple Level Retracement" from 7th June.
Ideally Retracements are "No Trade Zone".
High Risk Traders take at least some LONG positions on Pink to gain maximum from bottom. Already Green in 2H timeframe at 290 ...
1. No Retracement: Buy on Green. Sell on Red.
2. Single Level Retracement: Buy on Green. Sell on Red.
are Retracement of an UpTrend and are Retracement of a DownTrend.
is Reversal from DownTrend to UpTrend and is Reversal from UpTrend to DownTrend.
3. Multiple Level Retracement: Buy on Green. Sell on Red.
For High risk Traders:
In an UpTrend Light Green is ...
Titan NSE:TITAN seems to have topped out around 1000 levels and had a swift fall thereafter to make a low of 909.
After a small retracement for 4 days, looks like the downtrend has resumed today.
Today’s candle is a large bearish engulfing candle which wiped off all the gains it had in the past 4 days, indicating a strong selling pressure.
To me it looks like ...
In weekly, price at horizontal support zone and hidden bullish divergence formed here.
In daily, regular bullish divergence formed here.
current correction retraced around 50% of previous rally.
sl - 273, tgt1 - 363, tgt2 - 470
- The stock is currently at 5 year resistance level
- Sustaining above 21 opens up potential for a move towards 30-33 zone and 40 levels
- RSI though suggests overbought conditions
- so there is an alternative scenario where the stock may see some correction
- and if in that correction the stock manages to hold 16 odd levels then there will ...