Monthly and weekly are bullish. Reached all time high and is retracing. Have reached a daily support as can be seen from the ichimoku chart. If price moves above 73 and closes above previous candles then it can be a possible next swing giving a minimum target to previous highs. Awaiting further confirmation before taking a position.
TORNTPHAI Torrent Pharma consequently gained 3% on NSE today with 4 times its average volumes, although NIFTY itself lost 40 Points today.
Considering the greater volumes on the counter with prices above Ichimoku KUMO, TORRENT pharma is a great buy around 1448 with Stop-loss of 1430 and Target of 1548. NSE:TORNTPHARM
The last point of support in formation
the ichi moku system depicts a resistance picture at play, but along with a potential break of resistance, considering the impending TK cross and the macd in a favourable cross for a breakout of the kumo clouds..
with wyckoff accumulation acting behind, a fresh motive wave is impending...
trade management wise, Ideally,...
ETHBTC Strong Resistance at 0.5 Fib level.
Very Strong point because of Fib level and Ichimoku cloud Resistance at 0.07800.
Place Stop above Fib level 0.618.
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Jai Bhawani.
MCX has gained 5% of NSE with thrice its average volumes Kijung and Tanken above ichimoku cloud and stock trading above all of these with positive bias. Seems to be heading towards 895.
Buy MCX on NSE around 833 with Stop-loss of 797 and Target of 895
using the ichimoku system in the daily chart, reveals a very bearish sense..
there is a head and shoulder formation in the weekly chart, with the price action and the neck of the HS at the yearly pivot, the S1 yearly support most likely to act as a base after the HS does the damage to the price action
supports to watchout of in the weekly chart once the yearly...
JUSTDIAL has extraordinarily beaten expectations with 20% rise in current trading session on volumes close to 5.30% of its average traded volumes. Above Ichimoku Kumo cloud, BB, TCFL, TCBM signalling a huge buying interest in the stock. Buy at 609 with SL of 580 and Target of 739. ----OR---- Buy little quantity at 609 and wait for stock to correct to 580 and buy...
The present price action went above the demand line of the channel and face a climactic stopping action n came back into the trading range to retest supply..
this looks like last point of support in formation post Phase C sos..
Also the huge surge in volume at 52week support speaks the same impression
whats interesting is, the macd is bearish and ichimoku system...
The stock is in strong uptrend taking support at EMA 65 and RSI taking support above 40.
Ichimoku shows positive setup with Chikou in open space, positive future Kumo with rising Senkou span A.
While both Tenkan and Kijou Sen are rising with T.S. above K.S. The stock closed above T.S. yesterday.
We had an EMA-5, EMA-13 cross yesterday. Allowing me to jump into...
KSCL Has broken down today on NSE with more than 4 times its average volume just below ichimoku cloud. which signals a sell.
Since markets are volatile, it would be good to enter sell position on KSCL around 480 with SL of 495 and Target of 455.
Hello,
Looks like bull runs could not continue beyond a few weeks.
200 day Moving Average is a major resistance for BTC. Thus the touched it and came down twice is past month.
Next support is near 7.6k at the bottom of the Ichimoku cloud.
Let's see how it pays in next couple of weeks.
it might look a bit messy at the first glance, but i used multiple systems
1.potential bearish harmonic pattern in completion of the bullish CD upleg
2.The ichimoku system as explained
3.Wyckoff reaccumualtion as explained
4.Wilder 52 week moving average support
5.Volume surges at support formed by the preliminary supply
6.Stoch rsi as explained
Over all a...
A video tutorial explaining the trading strategy for volatile stocks like PC Jewellers. PC Jewellers has been studied in this video tutorial.
The video emphasis and shows use of tools like Support Resistance, Trends, Patterns(Flag Pattern) and the Ichimoku Kinko Hyo Indicator
Long on Maruti @8837 (May futures price). Tight SL with good risk/reward ratio
MFI and OBV at very low levels
Ichimoku Chikou Span will hopefully emerge from congestion
Much of the market is overbought but Maruti has fallen significantly
Hey folks!
No time to explain...straight to the chart:
LTCUSD is about to break its local resistance level (see previous structures that confirm this argument). Moreover, according to the Ichimoku (20/60/120/30 - perfect settings for crypto currently) the price is about to complete the breach and hence there is a strong indication for the price to go even...
