* Since the rsi and mfi are the overbought levels and also it is a clear uptrend * High possibilities are there for the script to be bullish * If the market starts positively then idea will continue moving upwards
Multi Commodity Exchange (NSE: mcx) is now at make or break level. The key level is 1165. Keep an eye for breakout or reversal trade. Support and resistance analysis.
Bearish bat appearing in Nifty 50. Price already entered PRZ. R2 Around 9550. We need to look for signs of reversals (if any) between 9480 and 9550. Trade only if strong signal bar appears as currently Nifty trading in a strong bullish momentum. ** Study only for educational purposes, do your own risk assessment before trading **
VEDL is currently trading at the multi year support In a lower time frame there is signs of reversal
TATA steel weekly chart. price in long term bear channel. after touching lower channel line price is reversing. price makes a new low but RSI made a higher high. so this a positive RSI divergence.
ACCORDING TO HARMONIC PATTERN BANK NIFTY MAY REVERSE AT LEVELS MENTIONED.
SBIN formed Bullish Bat harmonic pattern on daily chart SL 245 DCB for Target 291, 303
DXY appears to be overbought on momentum indicators and at the same time there is a AB=CD pattern on the chart
Bank Nifty has clearly formed the 3 Drive at bottom pattern and showing Divergence. Those who prefer to take risk can put it the index on radar and initiate a long trade. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
#Reliance at support zone. Can it reverse at the trend support? View negated if the trend is broken and next support is at 1420. #Reversal #Trend #Nifty
Good reversal in Force motors with huge green volume. for further move need to close above white trend line.
good reversal in Force motors with huge green volume. for further move need to close above white trend line.
The current pattern is flag patte rn. As per weekly chart, Reversal is not far. Suppose to already started reversal, the price will close below 518 Long eye, As per the weekly chart, reversal is 531 nearb y.
Glenmark has shown a bullish reversal on the back of very large volumes. If this trend continues, it could possibly be the bottom for a long time to come. Long can be initiated for a medium term trade. CMP: 350. Target 1: 500. Stop Loss: 310.
this chart is shared how to analyse trend and its possibility to continue its trend or reversal
This Classical Pattern does not require any explanation. Just posting for my friends to take the trade accordingly.