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rising wedge short in cumminsind :cumminsind : cmp 1680.95 trade setup : 1. sell in range 1680 to 1685 2. keeping 1732 as closing basis stop loss 3. targets : 1643 / 1604 / 1548 / 1519 / 1478 & below technical setup : 1. rising wedge pattern trade 2. stochastic RSI in monthly set up at 100 indicating highly over bought price zone 3. volume getting drying up at higher levels 4. real breakdown will happen when price breaks below trend line support. note : rising wedge pattern : pattern forms when both resistance and support trend lines moves in ascending pattern as sketched in charts . price pattern will deliver higher highs & higher lows . converge near apex point and trend to breakdown below trend line support to deliver faster downside targets . keep stop loss as mentioned in trade setup .
NSE:CUMMINSINDShort
by HARMONICSANAND
15
EURUSD FORECAST 16TH MARCH 2023The EURUSD pair’s strong decline stopped at 1.0515 yesterday, which formed solid support against the price, to rebound bullishly and start building bullish wave on the intraday basis, motivated by stochastic positivity. Therefore, we expect to witness more bullish bias in the upcoming sessions, and the targets begin at 1.0640 and extend to 1.0745 after surpassing the previous level. On the other hand, we should note that breaking 1.0515 will stop the expected rise and press on the price to suffer additional losses that reach 1.0440. The expected trading range for today is between 1.0515 support and 1.0680 resistance. The expected trend for today: Bullish
Long
by skarantraderq
BANK NIFTY Fall expected for atleast 3 days more. 1. Indicators in the Monthly chart. a. Price Action - 3 Bearish candles for Dec, Jan, Feb. (Possible 3 crow) b. MACD - Cross under on the way. (14 points away) 2. Indicators in Weekly Chart a. Price Action - 41729 is now a resistance. b. Stochastic - Cross under near. c. RSI - 48.56 (already low in strength) Conclusion, Further fall expected with healhty retracements of 50% or above. Will bet on PE with more lots than CE. Ideas expressed here although are based on the data that i observe as possible trends. I will not be responsible for any trades taken on these analysis. Its meant only for Educational Purposes.
NSE:BANKNIFTYShort
by SantoshIyengar