Study - A falling wedge pattern is observed in 1 hr TF. It must give a break out (close abv) to have the momentum shift upwards. OC looks bullish; PCR is bullish; PCR vol is bullish. ABC correction seems to be completed. RSI is bullish. MACD crossover happened in 1 hr TF. At present NOTA. Need to wait till BO happens. *This chart is for educational purpose only.
Short with a SL of 38. Could fall to 32.70. But short term consider it a 1:1 trade..first target 34.60. (Once below your cost of shorting i would shift stoploss to cost coz this stock was in momentum)
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Price touched last weeks midrange (9539) and rejected, also deviated above monday range and now came back inside monday range, targeting last week low+ monday low H1 close below 9377 will shift market structure to lower low and lower high Ideal entry at orderblock low 9440, but price sometimes may not retrace fully there, so lower size entry will be at retest of...
REFER TO CHART A CORRECTION MIGHT HAPPEN FROM HERE, AND IT WILL DETERMINE IF BULLISH TREND WILL CONTINUE OR NOT. CORRECTION WAVE MIGHT NOT TRACE THE SAME PATH AS PROJECTED IN CHART. POINT 5 IS SUSPECTED TO SHIFT AND MAY REACH A PLACE BELOW 200 DEMA OR HIGHER, ONCE POINT 5 IS FIXED IT WILL BE EASIER TO PREDICT CORRECTION WAVE.
Maruti Suzuki has broken above from a falling trendline suggesting a shift in trend to the upside. Initiate Buy. Target 1 : 5425 Target 2 : 5540 Stop Loss : 4990
Gold making a falling wedge, with lower lows on the 4H timeframe. We broke the 4H resistance and the falling wedge resistance at 1727. This. break formed a Higher High that gave us the confirmation to take the trade since we noticed a shift in the market structure. My Targets for this trade would be - 1735 (30%), 1754(20%), 1763(40%) and 1787 (10%). Share and support!
please watch the daily chart of Bharti infratel. Clear breakout has been seen on the charts . This can be taken for long entry. Stock level is going to shift in uptrend. on daily charts its moving above 50 EMA. The next level for stock is 240 . Always do trading as per your Reward to Risk ratio only means Never risk more than you can afford to lose on a single...
Dow Jones CMP 25125 Dow Jones is at crucial levels. - 25220-25530 may be a tough zone - headed in to Series of resistance - any further rise may shift balance in favor of Shorts Take care & safe trading...!!!
NIFTY WEEKLY CHART ANALYSIS -SINCE 9TH 2017 OCT 9950 HAS BEEN A CRUCIAL SUPPORT FOR THE INDEX QUIET A FEW TIMES -REMEMBER HIGHER THE TIME-FRAME STRONGER IS THE SUPPORT/RESISTANCE -WE TOOK LOT OF TIME TO BREAK ABOVE 9950 INITALLY -BUT SINCE OCT OF 2017 WE HAVEN'T GONE BELOW IT -DUE TO THE PANDEMIC THE LEVEL WAS FINALLY BROKEN IT TRAPPED SOME SHORT PLAYERS -BUT...
TCS could break out short term to 1950 with a SL at 1875. Once it reaches that target shift stop to cost and ride the play if it moves higher.
fundamentals are no where good for this industry I personally wont buy anthing just because its a deep iscount wait for business to overcome and do required shift for its growth wait and watch as an investor as a trader sell on rise
As per Elliot Study it has recently completed wave B and currently in Wave C which probably should end between 170-150, also on Monthly RSI there has been Range shift on down side which again confirms our levels of 170-150
While NIFTY is racing to fill a Common Gap below 11785, it has left one Common Gap above today's High open, which coincidentally includes an Island Gap (marked in Green) as well. As shown by the parallel channel, NIFTY is most likely headed to 11500-300 Support Zone with 11440 being an important point. A break below the rising Blue Trendline can shift the...
BPCL has broken the weekly trendline (white colored line) and also retested it on last friday. BPCL has yet to break the green trendline , which would confirm the bullish flag pattern and shift BPCL's momentum towards bullish . BPCL has used the orange line, which was previously a resistance, as a support and is ready to bounce up. Target 500 with SL at 460
BHARTIARTL CMP 540 SL 245 TARGET 3X... IN 3 YEARS EXPECTING MOVE LIKE RELIANCE RSI RANGE SHIFT
Bank Nifty opened gap up, on the back of Kotak Bank news, some other bank too recovered from the lows. But this rally was not sufficient to shift it in positive territory. I would advise not to take naked trades on budget day and Monday, just keep en eye on how it responds at maor technical levels.