ONGC HITS FIRST FIBONACCI LEVELONGC
ONGC has hit the first fibonacci level and is expected to retrace from the point since a bearish candle has formed.
Reversal
BEARISH REVERSAL IN HEROMOTOCORPHEROMOTOCO
Bearish engulfing pattern has been spotted at the top of a rally in heromotoco. Also, there is an immediate resistance at the same level.Both RSI and stochastic have given bearish crossovers. Stochastic lies in the overbought zone.
HDIL - Bullish Reversal In Play It has been observed that the price action firstly breaking above the downward channel and now initiating to form a higher high and higher low sequence indicating a reversal in the price action.
As per my analysis, price action shall further move up to the below targets.
T1- 45
T2- 47
SL- 40
Thanks
time to go long in ASIAN PAINTS !stock trading near weekly support and after a descent fall given some scope of rise in the last some hours of trading today !
with a stop loss @ 1090 095 range and keeping targets of 1147 , & 1170 , better stay long in the stock with a fair chance of
REVERSAL !
HDFC Bank - Caveat Emptor (Buyer beware) !!The stock seems to be readying for a reversal . Investors watch the 1825 levels !
Inverted Head and Shoulder ReversalThe stock was in downtrend and making lower low since last 2 years. It is showing sign of reversal now and formed classical inverted Head and Shoulder pattern. It has broken the neckline significantly and also short term trend line. One can conclude that that it wants to go up now. Recent budget reaction provides an opportunity to accumulate the stock for investment. Short term traders can also trade the pattern on seeing some strength. RSI came out of oversold zone and currently at 50 is also confirming the decision.
On way to test resistance USDINR should test Rs 64.50 and 65 levels in coming few days which will act as major resistance zones.
Once cleared , a fresh view can be taken !
RAJIVKHATLAWALA
Double Top ReversalThe stock has made classical double top pattern and broke the neckline. This simple pattern does not require any explanation however in case of doubt or your experience with it you can write in comments.
BTC Reversl SignalsCOINBASE:BTCUSD
Weekly chart is primed for bullish reversal.
Dragonfly Doji candlestick is a very bullish reversal indicator.
MACD is about to bounce (it tends to never cross down with BTC).
Stochastic RSI is setting up for an upwards crossover.
Bullish 3 Drives patternThe bullish three drives pattern offers a potential reversal point for a bearish market after forming three consecutive bottoms. The symmetry is very important for this pattern and its clearly visible in this case. Although the stock has already reacted from the third bottom but yesterday news based pull back could be used to enter the stock.
Entry : 69.75
Stop Loss : 68.30 (closing basis)
Target : 77.50
Risk to reward ratio : above 7
Coal India Ltd (Weekly Chart Analysis)Technical : Double Bottom Reversal Chart Pattern (Weekly Chart)
Trend reversal line And Double Top Breakout @ 295
Technical Target : 361
Fundamentals :
(Fundamental Medium Term Target 700)
(Fundamental Long Term Target 1200)
1.Total (Mkt. Cap) : 1,88,830cr
2.Zero Debt : 0.00cr
3.Stock PE : 13
4.ROE : 104.19%
Bearish move - short Ether is currently trading in a well formed rising wedge. This is an indication of a bearish move and there are possibilities it may breach the bottom trend line (orange). If it breaches it then it will find support at fib level 0.618 (~$693). 2nd support could be found at fib level 0.5 (~$676).
These support levels could be possible reversal zones for Eth (The zones are marked in Blue in the graph). So, watch out.
Please feel free to revert with your feedback. Thank you!
UNIONBANK: Better INVESTMENT Than MF & FD........ Plotted & Mentioned ........ CHART.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
All patterns have are not fulfilled 100% criteria.
BTSBTC ShortSwing Trade (D, H4)
We are in overall buyers territory from the daily perspective, we can see price ranging from longtime below the green line, we got a nice pullback and then trend pullback happened and we broke the big resistance level, As we see strength on the parent pair we can see price channeling. This is a channel trade as we see a probe i.e price doesn't want to go beyond the channel so, we had a signal there. The negative shade of this trade is we are in overall buyers territory and we are doing a counter-trend trade. Personally, I won't take this trade because I am little conservative trader and Risk is my first preference.
Entry: 0.00001542
TP: 0.00001446
Stop loss: 0.00001643
Position Size: 1% Risk on your capital/0.505
Risk/Reward: 1:13 So, Typically Risky RR. (This is for Aggressive traders)
If TP is hit then we will be at 26% profit.
Buy from Sellers and Sell from Buyers.
Potential reversal of downtrend - Syngene International (BUY)Syngene International daily charts show that it has been in a downtrend since 12-Dec-2016 making lower lows and lower highs.
Price broke above the downtrend resistance line in Sep 2017 and seems to have found support at levels of 440-450 (as observed in may 2017)
MACD & On balance volume indicators show bullish divergence as per the chart as observed in the month of May & August 2017 which signal early signs of trend reversal on the charts. Cup and handle pattern formation is also visible on the charts.
Trading Strategy : Buy setup
Buy @ CMP 501.5
1st target @ 550
2nd target @ 600
Stop loss : below 460
Risk/reward ratio : 2.49
Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
Indigo - Reversing from Support ZoneIt is been observed that the price action is showing a positive buying at the support zone indicating reversal at support zone.
T1- 1220
SL-1175
parsvnath developers looks bullish in medium term to long termin weekly - price broke the trend line resistance convincingly with high volume. also BB is expanding
in monthly - price reversed from long term support zone, and moving up.
with a sl - 12 1st tgt - 36, 2nd tgt - 43.
jp power looks bullish in medium term to long term.in longer time frame, it had a long down trend then it formed a horizontal channel in weekly, and price moving sideways for months, and recently it broke out of the channel with high volume, confirming the start of uptrend. It is having a U type recovery, and got a good probability to form a round bottom.
with a sl - 4 1st tgt - 12 2nd tgt - 25
bse midcap index looks weak, we may see consolidation/correctionin weekly, midcap index is in uptrend channel resistance, regular bearish divergence seen, we may see consolidation/correction
nbcc looks bearish in medium term.In weekly, price touched ascending channel resistance line, now it is moving down.
In daily, ascending wedge formed, support broken, now retesting the broken support.
Also BB shows the reversal in the trend.
Price can slide down to 180-170 range.
Volume-Spread Analysis: Bar-by-BarHi fellows
Notice how the volume-spread analysis could help in finding major reversals. The analysis is applicable to all time frames.
Rest notes are on the chart.
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Trade safe, stay healthy
Best Regards
Afraidtotrade
