Chart can tell you secrets but only in its language. Its up to you to understand it. Its simple and is one for long term investors. Everything is on the chart! Consult your advisor before making decisions.
SHORT TERM TRADES - TARGET 368 SL 320 MEDIUM TERM TRADERS - TARGET 402 SL 295 LONG TERM INVESTORS - TARGET 500 SL 252 W5 TRUNCATION IS EXPECTED IN ALL DEGREES. CHART IS FOR EDUCATIONAL PURPOSE ONLY. TRADE IS RISKY AS ITS AGAINST THE TREND.
ONGC ONGC has hit the first fibonacci level and is expected to retrace from the point since a bearish candle has formed.
HEROMOTOCO 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.
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
NSE:BAJFINANCE BOTH RSI AND STOCHASTIC HAVE GIVEN BEARISH CROSSOVERS FROM OVERBOUGHT ZONES. ALSO EVENING STAR PATTERN HAS BEEN OBSERVED AT THE TOP OF A RALLY.
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 !
The stock seems to be readying for a reversal . Investors watch the 1825 levels !
The 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...
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
The 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.
COINBASE: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.
The 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...
Check my analysis based on fibs and trendlines
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%
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...
....... Plotted & Mentioned ........ CHART. If this post enriched your knowledge & helpful for trading, Please don't forget to Hit / Click Like button. Your likes are the only motivation to post better ideas in future. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor. All patterns have are not fulfilled 100% criteria.
Swing 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...