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Reversal

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!
BITSTAMP:ETHUSDShort
by rony.kris
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.
BShort
by ReddyShyamShankar
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.
NSE:SYNGENELong
by Himanshu_Khiara
Positive Divergance in USD/INR daily chartsIn the charts of USD/INR price is froming Lower Lows (LL) and RSI is forming Higher High (H H) within oversold zones... It is expected that whenever these types of divergence is formed it seems to be Price Reversal... I have made a long position at a price of 64.85 looking after this divergence... Note: Do your own study before making any position.. Please Like, Follow, and Comment your views too.. :) You can also see divergence related research which were accurate previously below related ideas...
Long
by MrAkshatP
1
Tatapower SHORT Doji Star confirmation RSIWhite candlestick followed by a Doji with a gap up at the opening formed bearish Doji Star(on 29.03), which gave confirmation yesterday. RSI is telling the stock is in oversold zone and running out of stream. Moreover there is possibility of trend reversal which is quite often after forming 5 pivots but that needs confirmation yet. One can short the stock by providing stop loss little above the recent high so a low risk trade.
NSE:TATAPOWERShort
by praveen.bhatiya
4