We have Bitcoin (BTCUSD | 4H) facing resistance at MA200, the black line on the chart. A strong drop followed after BTCUSD closed below MA200 back on 2-Sept. Prices dropped from ~$11600 all the way to $9800+. Today we have a rejection at MA200 on the 4H chart... We have a bearish cross on the MACD. Bearish divergence between BTCUSD and the MACD. And...
NSE:CUMMINSIND Short opportunity can be confirmed if price cross down Vwap. Bearish divergence observed. not suggested to go against VWAP.
The index bounced back today after correcting during the week. As mentioned that the narrow range candles have created value area which will act as resistance in the coming weeks. The weekly candlestick pattern is not very encouraging for bulls. We have an immediate support at 12130 levels, Nifty is expected to hold on to this to maintain the gains. Above this...
As on the chart you can understand......this may happen if nifty will support otherwise A Boat cannot go long against the river.....guys better understand..
TGT 1 - 420 TGT 2 - 405 TGT 3 - 390 SL - 480
MOMENTUM TRADE IN HPCL/HINDPETRO APRIL FUT SHORT@267 STOP@272 TARGET@257 LOT:2100 QTY:2
TGT 1 - 70.5 TGT 2 - 69.4 TGT 3 - 68.6 SL - 73.8
EMA crossover of 8 and 13 RSI crossed below 70 TGT 1 -29250 TGT 2 - 29000 SL - 30050
BTST IN RELIANCE JAN FUT BEARISH TRENDLINE BREAKOUT ON THE UPSIDE RISING OI WILL LEAD THE NIFTY BREAKOUT SYMMETRICAL TRINANGLE ON HOURLY CHART BUY@1130 STOP@114.5 TARGET 1@1150 TARGET 2@1175 LOT:500 QTY:2
Based upon my previous post my inference for USD to fall to 68.50 INR.
-Breaking out of a rising channel on the downside. -Triple bearish divergence on Stochastic. -Bearish divergence on MACD. -Bearish cross on MACD. -Bearish engulfing candlestick. Not an investment advice. Do your own due diligence.
Bullish bat is formed. Major support at 481/90 level. This should be the reversing zone. Going long at this point can give you sweet points. Overall, trend is following pitchfork, expecting for breakout. Details in the chart. Keep supporting :)
On the weekly chart. -Breaking out of a falling wedge. -Bounced off a strong resistance. -Bounced off 0.618 Fibonacci retracement. -Bullish divergence on Stochastic. On the daily chart. -Bullish divergence on the RSI. -Bullish divergence on Stochastic. -Bullish divergence on MACD. -Bull cross on MACD.
Pls refer chart Vijayaraghavan, Kovilpatti
Long breakout confirmation or pull back.. details in chart