spot price today took resistance at fibonacci level 2.618, a crucial level and a hammer candle which is usually a sign of reversal. we might see a pullback or consolidation to 16250 to 16350 levels.
On the hourly time-frame chart we can observe the positive divergence against the prices. As the candles have broken out from the trend line it was a good entry confirmation. Stop-loss will be the low of the swing. First target level will be 291 levels.
3MINDIA (W):- 22839.65 CMP, Looks good for reversal (Dow theory follow by 3MINDIA) NEXT Target 31700/33000 As per price pattern 1) CIP + Bo retest zone (Cluster Buying Zone ) 2) high probability Setup
NSE:BRITANNIA Hello all! Britannia has been forming a pole and flag pattern. It has been consolidating inside the flag since July 2020. Right now the stock has formed a strong bullish candle grazing the upper trendline. Also, the stock is taking support from its 50 week EMA. Both these factors indicate the possibility of a breakout which opens up an...
The stock of Edelweiss given the ascending triangle breakout from 87 and reached the price of 100, in the longer daily time frame. Now it has retested the price range and reversed from the daily trendline with the formation of a double bottom kind of Price pattern. The neckline of the same is in the range of 86-87, Breakout from 87.1 can lead the Price to 93.8...
Company : MIDHANI Entry Price : 189.65 Stoploss : 170.65 Target 1 : 208 Target 2 : 218 MIDHANI at support zone and stock is oversold, expect a retracement.
Mothersonsumi has been on an ascending Parallel Channel from October 2020. After making a High of 272.85 on 2nd June it has been drifting lower to take support at the bottom Trendline with a Low of 220.65 today. We have to see if there is a reversal or if it breaks the lower trendline. If it breaks then the next support would be around 195-200. Wait and see the...
MINDAIND has take support over the green line. the line has acted as a strong support many times in the past. today we can see a reversal happening. if good vol accompanies we can take a long position. targets are given as T1, T2, T3. SL can be kept below the support line. kindly perform own analysis and tell me what you think Happy Trading!
the stock has retested breakout with low volume and now has moved up from support. 108-110 seems like a resistance, above that previous high should be a good target for swing and fib numbers thereafter
Doji at support followed by a marabozu candle and decent volume. can be held for previous highs followed by fib targets thereafter.
Exide Industry is on a Multi Year Support Test. Any Reversal Sign above 185 can be a good opportunity for a Swing Trade.
IOC has retraced 50% and at resistance became support level. Can long on reversal near 100-105 for 120-130-140 with SL 90.
Tata Power showing a reversal in a downtrend in 1 H timeframe. Nice BUY opportunity!! Buy around 123.5 to 124 Stop Loss around 122 to 122.5 Target 1 at 125.5 Target 2 at 127 Indicators used are Fibonacci Extension and Fib Time along with reversal signs in RSI in different timeframes.
Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment. Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support...
may be aftr support 29 to 30k bitcoin will go high......if it forms MORNING STAR ON 4 HOURS TIME FRAME And MACD confirmation.....buy BTC ....FOR HOLD BUY HUGE
Watch out for trend reversal USDINR At resistance
Rising Wedge pattern is formed in Daily chart of TCS. one can try long position to catch range movement...else wait for trend reversal and might take a consolidation on nearest demand zone.