i expect a reversal in auropharma
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...
It 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
in 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.
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
in weekly, midcap index is in uptrend channel resistance, regular bearish divergence seen, we may see consolidation/correction
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.
Wait for high vol. breakout confirmed by indicators and go long.
The stock has formed a clear classical double top reversal pattern and traded below the neckline yesterday. It would offer a good short trade in coming days. It is one of the most simple pattern so need not much details. Have a good profit.
Diamond formation on Nifty and expendable triangle formation. 9130 to 9120 having good support zone. So Nifty may touch the support zone. Short initiate when the price cross below 9275 an cover the short at 9130.
Bayer Corp gave BO on Wednesday 19th near term 5k looks good on long term it's hold. Weekly buy will come next week
A failed Head and Shoulders followed by a reforming Head and Shoulder. Book Profits. Also, the second shoulder is about to form, so can use that rally
In 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...
White 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...